HDFC Balanced Advantage Fund
The fund is heavily overweighted toward banking and financial services, betting on sustained domestic credit growth and stability, while maintaining near-benchmark equity allocation despite the dynamic label. The manager added selective positions in asset management and rural development finance while trimming shipping and higher-cost debt, suggesting a defensive tilt toward quality financials over cyclical plays. This modest reshuffling signals conviction in steady consumption-driven growth rather than aggressive market timing.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹508.5370 | -1.58% | -1.10% | +14.60% | +15.92% |
| Regular Growth | ₹552.3040 | -1.54% | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Persistent Systems Limited | 0.05% |
| UTI Asset Management Company Ltd | 0.04% |
| JNK India Limited | 0.01% |
| National Bank for Agri & Rural Dev. | 0.09% |
| Small Industries Development Bank^ | 0.09% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Ltd. INE090A01021 | 4.47% |
| 2 | HDFC Bank Ltd.£ INE040A01034 | 4.14% |
| 3 | Reliance Industries Ltd. INE002A01018 | 4.09% |
| 4 | State Bank of India INE062A01020 | 3.55% |
| 5 | Bharti Airtel Ltd. INE397D01024 | 3.10% |
| 6 | Larsen and Toubro Ltd. INE018A01030 | 2.51% |
| 7 | NTPC Limited INE733E01010 | 2.41% |
| 8 | Axis Bank Ltd. INE238A01034 | 2.40% |
| 9 | 7.18% GOI MAT 140833 IN0020230085 | 2.10% |
| 10 | Coal India Ltd. INE522F01014 | 2.02% |
| 11 | TREPS - Tri-party Repo | 1.91% |
| 12 | Infosys Limited INE009A01021 | 1.82% |
| 13 | Floating Rate GOI 2034 IN0020210137 | 1.46% |
| 14 | Maruti Suzuki India Limited INE585B01010 | 1.44% |
| 15 | Sun Pharmaceutical Industries Ltd. INE044A01036 | 1.43% |
| 16 | Kotak Mahindra Bank Limited INE237A01036 | 1.39% |
| 17 | Eternal Limited INE758T01015 | 1.27% |
| 18 | Lupin Ltd. INE326A01037 | 1.24% |
| 19 | ITC LIMITED INE154A01025 | 1.24% |
| 20 | Tata Consultancy Services Ltd. INE467B01029 | 1.15% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does HDFC Balanced Advantage Fund hold?
HDFC Balanced Advantage Fund holds 305 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 19.35% of NAV.
What is the largest holding in HDFC Balanced Advantage Fund?
The largest position in HDFC Balanced Advantage Fund is ICICI Bank Ltd., accounting for 4.47% of NAV in the Banks sector.
Is HDFC Balanced Advantage Fund a concentrated or diversified fund?
With a Gini coefficient of 0.652, HDFC Balanced Advantage Fund is highly concentrated. The HHI concentration index is 14,138 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 19.35% of the portfolio.
What is the market cap allocation of HDFC Balanced Advantage Fund?
Based on SEBI's AMFI classification, HDFC Balanced Advantage Fund's equity portfolio is split as: Large Cap: 51.33%, Mid Cap: 9.57%, Small Cap: 7.45%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does HDFC Balanced Advantage Fund invest in most?
HDFC Balanced Advantage Fund has the highest allocation to Banks (17.82%), CRISIL - AAA (12.96%), Sovereign (9.39%). The fund is invested across 50 sectors in total.
How actively managed is HDFC Balanced Advantage Fund compared to other Dynamic Asset Allocation Fund funds?
HDFC Balanced Advantage Fund has an Active Share of 51.80%, classifying it as "Active Stock Picker" among 35 Dynamic Asset Allocation Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in HDFC Balanced Advantage Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, HDFC Balanced Advantage Fund added 5 new stocks (including Persistent Systems Limited) and exited 6 stocks (including Great Eastern Shipping Company Ltd.). Total holding count decreased from 308 to 307 stocks.