To seek long term capital growth and income through investments in equity and equity related securities and fixed income instruments. There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns.
The HSBC Balanced Advantage Fund Growth has an AUM of 1581.48 crores & has delivered CAGR of 8.68% in the last 5 years. The fund has an exit load of 1.00% and an expense ratio of 2.11%. The minimum investment in HSBC Balanced Advantage Fund Growth is Rs 5000 and the minimum SIP is Rs 500.
As per morningstar the risk & return rating of the fund are Moderate & Good respectively.
The top holdings of the fund include AXIS Bank Ltd, HDFC Bank, ICICI Bank & Kotak Mahindra Bank.
The major sectors where the fund is invested are Regional Banks, Software & Programming, Electronic Instr. & Controls & Major Drugs.
Some of the similar funds are HSBC Balanced Advantage Fund Growth, Sundaram Balanced Advantage Growth, Union Balanced Advantage Fund Regular Growth, Mirae Asset Balanced Advantage Fund Regular Growth, Bajaj Finserv Balanced Advantage Fund Regular Growth. HSBC Balanced Advantage Fund Growth has a sharpe ratio of 0.68 & a standard deviation of 6.71%.
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