HDFC Balanced Advantage Fund – Adaptive Hybrid Equity/Debt Allocation

The HDFC Balanced Advantage Fund, a hybrid scheme using dynamic asset allocation between equities and debt, has an AUM of ~₹1,01,080 crore and expense ratio ~1.33%. Equity allocation is ~66.8% (44.6% large‑cap, 4.8% mid‑cap, 4.4% small‑cap) and ~27.4% debt as of 2025. The fund’s 3‑year annualised return is ~18.9%, while the hybrid category average is ~14%. The scheme suits investors seeking equity‑like returns with reduced drawdown via allocation flexibility. Top holdings include leading large‑cap companies across sectors.