NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

HDFC Balanced Advantage Fund Growth for NRI [509.65]

Min Investment

100

Fund Size

95,391.46 Cr

Expense Ratio

1.4%

Exit Load

1%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

509.65

-0.99%

NAV as on 03 Oct 24, 12:00 AM

very high risk

dynamic asset allocation

hybrid (nc)

NAV as on 03 Oct 24, 12:00 AM

very high risk

dynamic asset allocation

hybrid (nc)

33.99%p.a.

Last 1Y

22.70%p.a.

Last 3Y

21.99%p.a.

Last 5Y

18.68%p.a.

Since Inception

About HDFC Balanced Advantage Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the HDFC Balanced Advantage Fund Growth scheme from HDFC Asset Management Co Ltd. It is a Dynamic Asset Allocation mutual fund scheme that predominantly invests in Dynamic Asset Allocation stocks of companies. Launched on Feb 1994, HDFC Balanced Advantage Fund Growth is Dynamic Asset Allocation fund of its category with 95,391.46 Cr fund under management as on Oct 2024. The expense ratio of this fund is less than that of most other Fund category Dynamic Asset Allocation funds.

  • HDFC Balanced Advantage Fund Growth delivered 34.0% annual returns during the last year. It has delivered 18.7% average annual returns since the fund was launched.
  • HDFC Balanced Advantage Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in hybrid (nc)

Fund Objective

To provide long term capital appreciation / income from a dynamic mix of equity and debt investments. There is no assurance that the investment objective of the Scheme will be realized.

Top 10 Holdings

HDFC Bank Ltd

6.10%

ICICI Bank Ltd

3.58%

State Bank of India

3.31%

Coal India Ltd

3.15%

NTPC Ltd

3.14%

7.38% Govt Stock 2027

2.90%

Infosys Ltd

2.71%

Larsen & Toubro Ltd

2.51%

7.18% Govt Stock 2033

2.44%

Reliance Industries Ltd

2.28%

Fund Managers

  1. Anil Bamboli (Jul 2022 - Present)
  2. Gopal Agrawal (Jul 2022 - Present)
  3. Arun Agarwal (Oct 2022 - Present)
  4. Srinivasan Ramamurthy (Jul 2022 - Present)
  5. Nirman Morakhia (Feb 2023 - Present)
  6. Dhruv Muchhal (Jun 2023 - Present)

Key Information

View Scheme Document

HDFC Balanced Advantage Fund Growth SIP Calculator

If invested

5,000

per month

For a period of

Investment of 0 could have been

0(+0.0%)

0 (+0.0%)

This Fund

0 (+0.0%)

Fixed Deposit

NRI Mutual Fund Tax on HDFC Balanced Advantage Fund Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in HDFC Balanced Advantage Fund Growth?

NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:

  • Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
  • PAN Number
  • Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
  • Passport – front and back
  • Passport size photograph
  • signature

If all details are correct, your KYC will be approved within 7 to 8 business days.

  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in HDFC Balanced Advantage Fund Growth
  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
  • City and country of birth
  • NRE/NRO bank account statement/ canceled cheque for the latest 3 months
  • Nominee details

Frequently Asked Questions