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HDFC Balanced Fund(G)-Direct Plan

HDFC Balanced Fund(G)-Direct Plan
Dividend Yearly
NA
Category
Hybrid - Equity Oriented
52-week NAV high
162.84  (As on 23-01-2018)
52-week NAV low
142.28  (As on 28-06-2017)
Expense
0.77%  (As on 30-04-2018)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns -2.24 -0.59 0.66 8.25 16.30 12.06 16.19 19.79 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Dec 31, 2012
Last Dividend
NA
Minimum Investment
5000

HDFC Hybrid Equity Fund has been formed from two funds - HDFC Balanced Fund and HDFC Premier Multi-cap Fund. The HDFC Hybrid Equity Fund is an open ended hybrid scheme which mainly invests in equity and it's related instruments. This scheme has been formed after merging the erstwhile HDFC Balanced Fund and HDFC Premier Multi-cap Fund'

The entity, HDFC Mutual Fund has been established as a trust in conformity with the provisions falling under the Indian Trusts Act, 1882. The mutual fund house has been registered under Securities and Exchange Board of India (SEBI). The authority to efficiently manage HDFC mutual fund was handed over to HDFC Asset Management Company on 10 December, 1999. HDFC Mutual Fund offers multiple schemes under its name which includes small, medium, and large cap funds.

Investment Objective of HDFC Hybrid Equity Fund

HDFC Hybrid Equity primarily invests in money market and debt instruments in order to produce capital appreciation from a portfolio of equity and equity-related instruments. The scheme, however, does not guarantee the accomplishment of its investment objective.

Key Features of HDFC Hybrid Equity Fund

Type of Fund

Open ended hybrid scheme

Plans Available

  • Regular plan
  • Direct plan

Options under each plan

  • Growth option
  • Dividend option wi

Risk factor

Moderately high

Systematic investment plan

Available

Systematic transfer plan

Available

Systematic withdrawal plan

Available

Investment Amount for HDFC Hybrid Equity Fund

Minimum application amount

Rs.5,000

Minimum additional investment

Rs.1,000

Minimum installment for systematic investment plan (SIP)

Rs 300 (daily), Rs 500 (monthly), Rs 1,500 (quarterly)

Entry load

N/A

Exit load

With regard to each unit purchased:

  • Upto 15% of the units redeemed - no chargeable exit load
  • For units redeemed within a period of one year from the allotment date of units - 1%
  • For units redeemed after a period of one year from the allotment date of units - no chargeable exit load

Asset Allocation for HDFC Hybrid Equity Fund

Instrument type

Minimum allocation %

Maximum allocation %

Risk profile

Equity and equity-specific instruments

65%

80%

High

Money market instruments and debt securities

20%

35%

Low to medium

REIT and InvIT issued units

0%

10%

Medium to high

Preference shares that are non-convertible

0%

10%

Low to medium

Who can Invest in HDFC Hybrid Equity Fund?

The following entities are eligible for subscription to this scheme provided no law prohibits them from doing so:

  • Resident individuals (adult) - single or joint
  • A Hindu Undivided Family (HUF) karta
  • Legal guardian of a minor - no joint holding
  • Limited liability partnerships and partnership firms
  • Public sector undertakings (PSUs), organisations, corporate bodies, a consortium of individuals, registered societies under the Societies Registration Act, 1860, registered cooperative societies under Co-operative Societies Act, 1912, and single person organisation
  • Financial establishments and banks
  • Mutual funds or SEBI registered substitute investment funds
  • Religious establishments and charitable trusts, private trust endowments, and mutual fund investment authorised private trusts
  • Non-resident Indians (NRIs), Persons of Indian Origin (POIs), Overseas citizen of India (OCI) either on a non-repatriation or repatriation basis
  • SEBI registered Foreign Institutional Investors (FIIs) (on a repatriation basis)
  • SEBI registered Foreign Portfolio Investors (FPI) (on a repatriation basis)
  • Officials of the navy, air force, army, and such paramilitary units and groups formed by similar institutions
  • The Indian Council of Scientific and Industrial Research
  • Multilateral financial establishments, Indian Government authorised corporate bodies functioning outside India, Reserve Bank of India (RBI), and Bilateral Development Corporation Agencies
  • Multiple HDFC Mutual Fund schemes as per the terms and conditions specified by SEBI
  • AMC, Mutual Fund trustee, the Sponsor and their associates are eligible for subscription
  • Such other AMC and trustee specific investors whose investments are in accordance with the laws and regulations specified by SEBI

NAV Disclosure and Benchmark for HDFC Hybrid Equity Fund

NAV Disclosure: AMC computes the Net Asset Value (NAV) of the scheme and thereafter reveals the same along with the repurchase and selling prices of the units. AMC discloses this information at the end of every business day (and as and when required) and subsequently sends the information for publishing to at least two widely-subscribed newspaper establishments/agencies that operate on a daily basis. NAV is also displayed on the HDFC Mutual Fund website alongside the website of Association of Mutual Funds in India (AMFI). In addition to this, the NAV, repurchase and sale prices are also exhibited by the ISC.

Liquidity: Being an open ended equity scheme, HDFC Hybrid Equity Fund offers options for redemption, sale, switch-out, or switch-in of its units on a regular basis on NAV specific prices. According to regulations laid down by SEBI, the Mutual Fund is liable to dispatch all redemption earnings within a period of 10 days from the redemption request date. If the redemption payout is not given to the respective investor within the above-mentioned time frame, a penal interest of 15% per annum will be paid by the Mutual Fund. Typically, all redemption proceeds are dispatched within a period of 3-4 business days by the Fund house.

Benchmark Index: The benchmark index for this scheme NIFTY 50 Hybrid Composite Debt 65:35 Index.

Fund Manager for HDFC Hybrid Equity Fund

The fund managers for the scheme are Mr. Chirag Setalvad and Mr. Rakesh Vyas. Mr. Chirag collectively has over 21 years of experience, of which 18 years are in Fund Management and Equity Research and 3 years in investment banking.

Mr. Rakesh has a vast experience of 11 years in equity research and over 3 years in Application Engineering (Control and Automation).

Investment Restrictions of HDFC Hybrid Equity Fund:

Following are the scheme’s investment restrictions as per regulations laid down by SEBI:

  • Purchasing and trading of securities may be undertaken by the Mutual Fund based on the deliveries. With regard to all purchases, the Mutual Fund will be liable to take the delivery of all the relevant securities and with regard to the sales, deliver the relevant securities accordingly.
  • Any transaction concerning the Government Securities must be entered into in a dematerialised form by the Mutual Fund.
  • Any loan for any specific reason must not be advanced by the Mutual Fund unless SEBI has clearly given permission for the same under their guidelines.
  • In cases of long-term investments, the Mutual Fund will be liable to get securities purchased in its name on account of the relevant scheme.
  • Any investment in debt instruments encompassing non-money market and money market instruments, that surpasses 10% of the scheme’s NAV must not be advanced in any way by the scheme. The limit of 10% may further be extended to 12% if approved by the Board of Directors of the asset management company (AMC).
  • Any investment towards unrated debt instruments that exceeds 10% of the scheme’s NAV must not be advanced in any way by the scheme. The total investment made towards such instruments must not exceed 25% of the scheme’s NAV.
  • Investment in units of InvITs and REITs may be advanced by the scheme, however, it will be subject to the ensuing terms and conditions:
    • HDFC Mutual Fund under all the schemes must not have the ownership of more than 10% of the total units issued by a single issuer of REIt and InvIT.
    • The scheme will not make any investment:
      • Of more than 10% of its NAV in REIT and InvIT units
      • Of more than 5% of its NAV in REIT and InvIT units issued by a single-issuer.
  • Investment transfer from scheme to scheme under the same Mutual Fund will be permitted provided the following are taken care of:
    • Transfers of such nature must be made at the prevailing market prices for only quoted securities on a spot basis
    • The investment objective of the transferred securities must be in line with that of the scheme.
  • Investment in other schemes under the same AMC may be made the scheme without any additional fees, provided the aggregate of all investments advanced by all schemes does not exceed 5% of the Mutual Fund’s NAV.

Dividend Policy of HDFC Hybrid Equity Fund

The right to dividend declaration is reserved by the Trustees in the dividend option of the scheme. This in turn is dependent on the availability of distributable surplus under the scheme. When the company declares the dividends, the same will be handed out to the unitholders whose names have been mentioned in the Register of Unit Holders.

The dividend distribution quantum or rate is not specified to the unitholders.

Why Should you Invest in HDFC Hybrid Equity Fund?

HDFC Mutual Fund is one of the most established fund houses operating in India. Since the launch of its first scheme in July 2000, HDFC Mutual Fund has contributed immensely to the sector of mutual funds, with its admirable and constant focus on delivering fund performances that are consistent and thriving.

With a diverse scheme collection, HDFC Mutual Fund aims to cater to every individual’s investment needs in a way that they are able to stay in line with the multiple investment objectives and risk taking capacity.

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