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This Dynamic Asset Allocation Fund Has Delivered Over 48% Returns In 3 Years
A single fund can be used to invest in both debt and equity products. A Dynamic Asset Allocation Fund is one such fund. These funds has two distinguishing characteristics. One, these are hybrid funds that invest in both debt and equity, and two, they provide a wide range of investment options. In this article, we have given insights into one such fund. This fund has given good returns in 3 years and is rated Value Research.
IDFC Balanced Advantage Fund - Direct Plan - Growth
This is a hybrid Dynamic Asset Allocation Mutual Fund, launched on October 10, 2014, by the IDFC Mutual Fund. Under the Direct Plan-Growth scheme of this fund, its AUM stood at Rs 2966.49 Crore. The NAV of the scheme is Rs 19.84 declared on 30th March 2022. The expense ratio of this scheme is 0.55%, which is below compared to its category average returns.
This fund is moderately high risky and could attract losses. The fund is currently managed by Mr. Sumit Agrawal, Mr. Arvind Subramanian, and Mr. Sachin Relekar. Value research rated this fund 4 stars.
It is an open-ended medium-sized fund of its category that seeks to generate a long-term capital gain. This scheme is suitable for a minimum investment horizon of more than 3 years.
Absolute And Annualised Returns
Lump-Sum Investment Returns
| Investment Period | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 11.27% | 11.27% |
| 2 Year | 58.97% | 26.09% |
| 3 Year | 40.91% | 12.09% |
| 5 Year | 67.73% | 10.89% |
| Since Inception | 98.40% | 9.60% |
SIP Returns
| SIP Period | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 3.20% | 5.99% |
| 2 Year | 15.35% | 14.42% |
| 3 Year | 22.30% | 13.53% |
| 5 Year | 33.97% | 11.65% |
Portfolio
The fund is invested in Indian equities to the tune of 68.09 percent, with 41.64 percent in large-cap stocks, 12.25 percent in mid-cap stocks, and 5.97 percent in small-cap stocks.
The fund has a debt investment of 30.48 percent, with 18.35 percent in government securities and 12.13 percent in funds with extremely low-risk securities. The fund's debt part has a low credit rating, meaning that the borrowers to whom it has given money are not of high quality.
The financial, technology, healthcare, energy, and consumer staples sectors make up the majority of the fund's stock holdings. In comparison to other funds in the category, it has less exposure to the Financial and Technology industries.
The government of India, ICICI Bank Ltd., Infosys Ltd., Reliance Industries Ltd., and Reserve Bank of India are among the fund's top holdings.
Disclaimer
Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.
