Nippon India Balanced Advantage Fund
Nippon India Mutual Fund manages growth and seeks to generate long-term capital appreciation and current income from a portfolio of equity and equity-related and fixed-income securities.
HDFC Balanced Advantage Fund
Managed by HDFC Mutual Fund, aims to provide long-term capital appreciation by investing in a mix of equity and debt instruments.
Comparative Analysis
| Attribute | Nippon India Balanced Advantage Fund – Growth | HDFC Balanced Advantage Fund – IDCW |
| Fund | Nippon India Mutual Fund | HDFC Mutual Fund |
| NAV (Date) | ₹160.7643 (6-Jun-2024) | ₹39.02 (6-June-2024) |
| Inception Date | 15-Nov-2004 | 11-Sep-2000 |
| Fund Size | ₹7928.38 Cr | ₹83548.61 Cr |
| Expense Ratio | 1.76% | 1.38% |
| Category Average Expense Ratio | 1.98% | 1.98% |
| Portfolio Turnover Ratio | 331.00% | 15.89% |
| Risk Level | Very High | Very High |
Portfolio Composition
| Nippon India Balanced Advantage Fund – Growth | HDFC Balanced Advantage Fund – IDCW | |
| Equity Holdings | 67.15% | 66.82% |
| Debt Holdings | 24.08% | 27.66% |
| Other Holdings | 8.77% | 5.52% |
| No. of Stocks | 66 | 158 |
| Top 3 Equity Holdings | ICICI Bank Ltd., HDFC Bank Ltd., Infosys Ltd. | HDFC Bank Ltd., Coal India Ltd., State Bank Of India |
| Top 3 Debt Holdings | Government Securities, Low Risk Securities | Government Securities, Low Risk Securities |
Top Stocks in Each Portfolio
| Stock | Sector |
| ICICI Bank Ltd. | Private sector bank |
| HDFC Bank Ltd. | Private sector bank |
| Infosys Ltd. | Computers – software & consulting |
| Reliance Industries Ltd. | Refineries & marketing |
Risk Ratios
| Risk Ratio | Nippon India Balanced Advantage Fund – Growth | HDFC Balanced Advantage Fund – IDCW |
| Standard Deviation | 6.24 (Low volatility) | 9.48 (High volatility) |
| Beta | 0.86 (Low volatility) | 1.21 (High volatility) |
| Sharpe Ratio | 0.78 (Better risk-adjusted returns) | 1.57 (Better risk-adjusted returns) |
| Treynor’s Ratio | 0.06 (Better risk-adjusted returns) | 0.12 (Better risk-adjusted returns) |
| Jension’s Alpha | 1.18 (Better risk-adjusted returns) | 9.72 (Better risk-adjusted returns) |
Tax Treatment
Both funds are subject to similar tax treatments. If the investments are sold after one year from the purchase date, a long-term capital gains tax of 10% will be applicable if the total long-term capital gain exceeds ₹1 lakh. If sold before one year from the purchase date, a short-term capital gains tax of 15% will be applicable.
Performance Comparison
| Period | Nippon India Balanced Advantage Fund – Growth | HDFC Balanced Advantage Fund – IDCW |
| 1 Week | 0.34% | 1.98% |
| 1 Month | 1.43% | 4.67% |
| 3 Month | 3.64% | 6.58% |
| 6 Month | 10.21% | 21.76% |
| YTD | 7.23% | 12.36% |
| 1 Year | 22.36% | 42.82% |
| 2 Year | 16.38% | 30.98% |
| 3 Year | 11.98% | 24.47% |
| 5 Year | 11.78% | 18.61% |
| 10 Year | 10.87% | 15.09% |
| Since Inception | 15.25% | 17.62% |
Disclaimer: The information provided in this article is for educational and informational purposes only. It should not be considered investment advice or a recommendation to invest in any particular mutual fund or asset class. Past performance does not indicate future results, and investors should research and consult with a financial advisor before making investment decisions. Investing in mutual funds involves risks, including the possible loss of principal invested.
