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PGIM India Balanced Advantage Fund
PGIM India Balanced Advantage Fund
HYBRID
HYBRID
An open ended dynamic asset allocation fund
NAV   as on 17 Jan 2025
₹15.3700
-0.26%
Benchmark
CRISIL Hybrid 50+50 - Moderate Index
Risk
Very High
AUM   as on 31 Oct 2024
₹1,057.37 Cr
Date of Inception
04 Feb 2021
Expense Ratio   (19 Jan 2025)
0.47%
Ideal Holding Period
3 Years+
₹1 Lakh invested
Fund Returns
Annual Returns*
11.20%
Current Value
₹1,37,504
Benchmark Returns
10.59%
₹1,35,253
*Returns are CAGR - Compounded Annual Growth Rate
The performance provided is for Direct Plan - Growth Option.
The above returns are as on date 10 Dec 2024
Fund Returns
Annual Returns*
11.20%
Current value
₹1,37,504
Benchmark Returns*
10.59%
Current value
₹1,35,253
*Returns are CAGR - Compounded Annual Growth Rate
The performance provided is for Direct Plan - Growth Option.
The above returns are as on date 10 Dec 2024
Exit Load
For Exits within 90 days from date of allotment of units: 0.50%.
For Exits beyond 90 days from date of allotment of units: NIL.
Minimum Investment
SIP :  ₹1,000  |  Lumpsum :  ₹5,000
Portfolio Holdings as on 31 Dec 2024
Equity: 66.90%
Debt: 32.25%
Cash and Cash Equivalents: 0.85%
Asset Allocation
Large Cap - 50.05%
Debt - 22.83%
Mid Cap - 11.33%
Small Cap - 5.51%
AAA - 5.07%
A1+ - 4.34%
Cash & Cash Equivalents - 0.85%
Top holdings
HDFC BANK LTD
6.57 %
ICICI BANK LTD
6.11 %
RELIANCE INDUSTRIES LTD
5.26 %
INFOSYS LTD
3.35 %
BHARTI AIRTEL LTD
2.31 %
Top Sectors
Financial Services
20.17 %
Information Technology
6.71 %
Fast Moving Consumer Goods
5.45 %
Oil, Gas & Consumable Fuels
5.26 %
Healthcare
4.48 %
Quantitative Indicators
Standard Deviation
0.09
Sharpe ratio
0.40
Beta
1.09
Portfolio Turnover
0.55%
Yield to Maturity
0.00%
Modified Duration
5.5 Years
Average Maturity
9.9 Years
Performance
Historical Returns
Historical Returns Calculator
Historical Returns as of December 10, 2024 with lumpsum investment of ₹10,000
PGIM India Balanced Advantage Fund
Returns ^
Value*
CRISIL Hybrid 50+50 - Moderate Index**
Returns ^
Value*
Nifty 50 TRI#
Returns ^
Value*
1 Year
21.99%
12,206
21.79 %
12,185
28.30 %
12,839
3 Years
11.20%
13,761
10.59 %
13,536
12.35 %
14,195
Since Inception
12.95%
15,770
12.00 %
15,277
15.28 %
17,019
  • Date of Inception: Direct Plan: February 04, 2021.
  • ^Above returns are CAGR - Compounded Annual Growth Rate.
  • ** Scheme Benchmark. # Standard Benchmark. *Based on standard investment of Rs.10,000 made at the beginning of the relevant period.
  • Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.
  • Different plans have a different expense structure. The above returns are as on December 10, 2024.
  • The performance provided is for Direct Plan - Growth Option.
Fund Managers
Utsav Mehta
13 Years of experience
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A Anandha Padmanabhan
14 years of experience
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Vinay Paharia
20 years of experience
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Chetan Chavan
20 years of experience
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Chetan Gindodia
7 years of experience
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Puneet Pal
21 years of experience
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Fund Details
Investment Objective
To provide capital appreciation and income distribution to the investors by dynamically managing the asset allocation between equity and fixed income using equity derivatives strategies, arbitrage opportunities and pure equity investments. Thescheme seeks to reduce the volatility by diversifying the assets across equity and fixed income. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee/ indicate any returns.
Fund Type
An open ended dynamic asset allocation fund
Investment Strategy

  • The Fund will allocate money to equity and fixed income asset classes based on the percentage allocation suggested by the Dynamic Advantage Asset Allocation model.
  • DAAAF is a unique P/E based variation asset allocation facility, that automatically manages asset allocation across equity and debt in different market phases based on an in-house proprietary P/E based investment model. DAAAF manages allocation across equity and debt based on the market valuations and P/E based model & executes three critical strategies:
  • Enter: When the equity market is undervalued i.e. Current P/E is significantly lower, it switches or increases allocation from the debt allocation to the equity allocation.
  • Exit: When the equity market is overvalued i.e. Current P/E is significantly higher, it switches or decreases allocation from the equity allocation to the debt allocation.
  • Re-enter: When valuations are reasonable vis-à-vis the historical averages, it switches / increases allocation to the equity allocation from the debt allocation.
  • At the time of initial NFO allotment, the resources were allotted as per following table:

    Variation* from Long Term average PE % Equity Allocation
    Above 40% 30%
    Between 31% and 40% 30%
    Between 21% and 30% 40%
    Between 11% and 20% 60%
    Between 1% and 10% 80%
    Below 0% 100%

    *PE variation is defined as the deviation of trailing PE of Nifty 50 Index ( observed on a 20 days moving average basis) from 15 year rolling average PE of Nifty 50 Index.

    From the subsequent month from the date of allotment, the fund would rebalance the portfolio on monthly basis according to the following table:

    Variation* from Long Term average PE Rising Variation***
    Less than -20% Directional equity exposure 100%
    Between -20% and -11% Maintains exsiting equity exposure plus switches 50% of debt equity for every monthly observation
    Between -10% and 0% Maintains exsiting equity exposure plus switches 10% of debt equity for every monthly observation
    Between 1 and 10% Maintains exsiting equity exposure
    Between 11 % and 30% Maintains exsiting equity exposure
    Between 21% and 30% Maintains exsiting equity exposure
    Between 31% and 40% Shifts 50% money from debt equity for every monthly observation**
    Above 40% Directional equity exposure 30%


    Variation* from Long Term average PE Falling Variation***
    Above 40% Directional equity exposure 30%
    Between 31%% and 40% Shifts 50% money from debt equity for every monthly observation**
    Between 21% and 30% Directional equity exposure 50%
    Between 11 and 20% Directional equity exposure 50%
    Between 1% and 10% Directional equity exposure 65%
    Between -10% and 0% Maintains exsiting equity exposure plus switches 10% of debt to equity for every monthly obervation
    Between -20% and -11% Maintains exsiting equity exposure plus switches 50% of debt to equity for every monthly obervation
    Less than -20% Directional equity exposure 100%

    * PE variation is defined as the deviation of trailing PE of Nifty 500 Index (observed on a 20 days moving average basis) from 15 year rolling average PE of Nifty 500 Index.

    ** This will be subject to the overall equity floor of 30%.

    ***Fund will have at least 65% exposure to equity and equity related instruments at all points of time. Within this, minimum directional exposure to Equity will not go below 30% and the balance exposure will be invested in derivatives.

    The rising and falling variation would be defined as a sequential rise or fall in the variation on a month on month basis that is, the variation for a particular month end would be compared to the variation of the previous month end to ascertain the trend.

    The model recommendations would come on the 1st working day of the month, basis which the recommended actions needed to be taken in the portfolio will be executed within 7 working days.

    In case there is a deviation from the model recommendation at the end of the execution period (i.e. the 7th working day), the portfolio would be rebalanced within another 7 working days and reasons for the same shall be recorded in writing.

    The asset allocations to Equity and Fixed Income asset classes would be governed by the DAAAF Model, however, the selection of specific securities/papers in equity as well as debt will be done at the respective fund manager’s discretion. The Equity portion of the investments would be allocated in a diversified manner and the Fixed Income portion of the investments would be managed through investments in debt securities at the fund manager’s discretion.

    The overall investment strategy will be in line with the investment objective and asset allocation of the scheme at all times.

    About PGIM India Balanced Advantage Fund
    No records available
    Frequently Asked Questions
    No records available
    Fund Documents
    KIM
    SID
    Scheme Summary Document
    Product Literature
    Product Presentation
    Fund Dashboard
    Riskometer
    This product is suitable for investors who are seeking*:
    • Capital appreciation over a long period of time.
    • Investment in equity and equity related securities including the use of equity derivatives strategies and arbitrage opportunities with balance exposure in debt and money market instruments.
    • Degree of risk – VERY HIGH
    *Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
    Scheme Riskometer
    assets/images/funds/riskoMeter/Scheme-riskometer/very-high.png
    The risk of the scheme is Very High
    Benchmark Riskometer
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    CRISIL Hybrid 50+50 - Moderate Index
    The risk of the Benchmark is
    High
    CRISIL Hybrid 50+50 - Moderate Index
    The risk of the Benchmark is High
    Potential Risk Class
    No records available