PGIM India Balanced Advantage Fund
The fund has tilted significantly toward equities at 67.2%, signaling confidence in market strength, while maintaining a defensive core through sovereign bonds and banking exposure. The portfolio is anchored in large-cap blue chips—HDFC Bank, Reliance, and the banking sector comprising nearly 15 percent—alongside 15 percent in government securities, creating a blend suited for moderate growth seekers. Recent shifts show the manager increasing liquidity and adding housing finance exposure while trimming fixed income securities, suggesting conviction in selective equity opportunities within a cautiously optimistic outlook.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹15.9900 | — | — | — | — | — | — |
| Regular Growth | ₹14.5900 | -0.41% | -4.33% | -6.53% | -2.93% | +6.76% | +7.09% |
| Direct IDCW | ₹10.5400 | — | — | — | — | — | — |
| Regular IDCW | ₹10.3900 | — | — | — | — | — | — |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| 7.68% Housing & Urban Development Corp Ltd. | 0.60% |
| 6.9% Government of India | 0.13% |
| 91 DAYS TBILL RED 07-05-2026 | 0.30% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Ltd. INE040A01034 | 5.58% |
| 2 | Reliance Industries Ltd. INE002A01018 | 5.21% |
| 3 | 7.18% Government of India IN0020230085 | 5.10% |
| 4 | ICICI Bank Ltd. INE090A01021 | 4.28% |
| 5 | 6.79% Government of India IN0020240126 | 3.67% |
| 6 | Bharti Airtel Ltd. INE397D01024 | 2.41% |
| 7 | Axis Bank Ltd. ** # INE238AD6CE5 | 2.39% |
| 8 | State Bank of India INE062A01020 | 2.23% |
| 9 | VARUN BEVERAGES LIMITED INE200M01039 | 2.10% |
| 10 | Larsen & Toubro Ltd. INE018A01030 | 1.76% |
| 11 | Bajaj Finance Ltd. INE296A01032 | 1.74% |
| 12 | Clearing Corporation of India Ltd. nan | 1.73% |
| 13 | 7.09% Government of India IN0020240118 | 1.70% |
| 14 | Muthoot Finance Ltd. ** INE414G14VR5 | 1.69% |
| 15 | 7.25% Government of India IN0020230044 | 1.64% |
| 16 | Bank of Baroda ** # INE028A16KR4 | 1.56% |
| 17 | Infosys Ltd. INE009A01021 | 1.45% |
| 18 | Titan Company Ltd. INE280A01028 | 1.30% |
| 19 | SRF Ltd. INE647A01010 | 1.23% |
| 20 | Small Industries Development Bank of India ** INE556F14MD4 | 1.20% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.