Latest news with #HDFCBAF
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Business Standard
20-07-2025
- Business
- Business Standard
One scheme no longer fits all: Sebi plans split routine as funds bulk up 7x
Watchdog flexes clone-and-cap fix as AUM bloat strains category limits premium Mumbai Listen to This Article Actively managed mutual fund schemes with assets over ₹50,000 crore have jumped from just two in March 2023 to 14 by June 2025 — a sevenfold leap. Powering this growth are buoyant equity markets and a steady stream of fresh inflows. Parag Parikh Flexi Cap and HDFC Balanced Advantage (BAF) now sit above the ₹1 trillion mark. In March 2023, only two schemes — HDFC BAF and SBI Equity Hybrid — had assets under management (AUM) of ₹50,000 crore. That 'mega' club is likely to swell further, with several more funds closing in on the ₹50,000 crore AUM line. As
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Business Standard
16-06-2025
- Business
- Business Standard
HDFC Balanced Advantage becomes first hybrid fund to cross ₹1 tn AUM
HDFC Balanced Advantage Fund (BAF) has become the first hybrid mutual fund (MF) scheme in India to achieve the ₹1-trillion asset milestone. This achievement makes it the second actively managed MF scheme—after Parag Parikh Flexi Cap Fund—to reach this 13-digit assets under management (AUM) mark. Launched in February 1994, HDFC BAF has consistently been one of the most popular MF offerings, largely due to its steady performance and stable fund management. Despite experiencing two changes in the fund house, the scheme was managed by the same fund manager for the majority of its lifetime. Prashant Jain, who managed the scheme from its inception, holds the record for managing an MF scheme for the longest period in India—28 years. Initially known as Centurion Prudence Fund, the scheme was renamed Zurich India Prudence Fund in 1999 when Zurich India acquired 20th Century Mutual Fund. In 2003, HDFC AMC acquired Zurich India, leading to the scheme being renamed HDFC Prudence Fund. It became HDFC Balanced Advantage Fund in 2018 following the merger with HDFC Growth Fund. After Jain's departure from HDFC AMC in 2022, the scheme has been managed by Gopal Agarwal, Anil Bamboli and Srinivasan Ramamurthy. HDFC BAF has delivered over 18 per cent annualised returns on lump-sum investments since its inception. Systematic Investment Plan (SIP) investments have also yielded nearly 19 per cent returns. Currently, the scheme leads the balanced advantage category return chart across all time frames. As of 13 June, it delivered a 23 per cent annualised return over the three-year period and a 26 per cent annualised return over the five-year period, according to Value Research data. Gopal Agarwal attributes this performance to the scheme's model-driven approach. 'We follow a model-driven approach to asset allocation with focus on valuation metrics, macroeconomic insights and bottom-up stock selection. The model dynamically adjusts equity exposure based on changing market conditions, helping manage risk while aiming for long-term growth,' he said.
