About:
HDFC Balanced Advantage Fund has a total AUM of Rs. 37192 crores as on 31st August 2020. The NAV of the fund as on 31st August was at Rs. 184.40 and on 15th September was at Rs. 180.157. HDFC Balanced Advantage Fund has an expense ratio of 1.61%. Minimum investment for lumpsum is Rs. 5000. For additional investments the minimum amount is Rs. 1000. In case of investments through SIP method, the minimum investment amount is Rs. 500 per month.
Exit Loads applicable on redemptions are at 1% on more than 15% units in the first year. There is no exit load on HDFC Balanced Advantage Fund in case of redemptions after 1 year. In the video we have also discussed the tax on Balanced Advantage Fund. The HDFC Balanced Advantage fund has a moderate level of risk and is suitable for investors looking for a long term appreciation with low volatility.
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