Fundcard

HDFC Balanced Fund

Value Research Fund Rating as on Aug 31, 2017

Open-ended and Hybrid: Equity-oriented

Risk Grade Below Average

Return Grade Above Average

NAV Rs. 142.17 as on Sep 4, 2017

Net Assets Rs. 13824.2 crore as on Jul 31, 2017

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HDFC Balanced Fund
Rating: Fund Performance Vs VR Balanced
Risk: Below Average
Return: Above Average

Fund
VR Balanced
(Rebased to 10,000)

History 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
NAV (Rs) 40.86 25.95 45.00 56.47 50.50 63.91 69.52 105.30 108.47 119.02 142.17
Total Return (%) 27.73 -36.50 73.42 25.49 -10.57 26.56 8.78 51.47 3.01 9.72 19.45
+/- VR Balanced - - - - - - - - - - -
Rank (Fund/Category) 27/27 3/28 5/24 3/27 6/26 14/30 8/32 10/57 39/62 17/84 31/104
52 Week High (Rs) - 41.98 45.00 58.38 58.97 63.91 69.52 105.70 112.41 125.33 144.23
52 Week Low (Rs) - 23.64 23.23 44.38 50.07 50.60 56.59 67.90 103.21 96.14 119.33
Net Assets (Rs.Cr) 118.82 81.50 134.00 224.97 502.58 991.18 1156.67 2658.93 4732.11 7930.16 11349.36
Expense Ratio (%) 2.21 2.24 2.23 2.15 2.05 1.91 2.29 2.18 2.13 2.09 -

Top Holdings Quarterly Returns (%)

Q1 Q2 Q3 Q4 Year
Equity Holdings
Company Sector P/E YTD % Assets 2017 10.12 5.31 - - -
2016 -1.97 6.80 7.49 -2.51 9.72
HDFC Bank Financial 29.75 45.51 5.28
2015 2.04 -0.26 0.22 0.99 3.01
Larsen & Toubro Construction 28.96 25.61 3.84
2014 6.59 22.49 5.99 9.46 51.47
Reliance Industries Energy 16.34 49.19 3.56
2013 -5.12 0.06 -1.43 16.24 8.78
ITC FMCG 33.17 17.29 3.06
ICICI Bank Financial 19.82 16.39 2.97
State Bank of India Financial 24.06 11.23 2.51
Trailing Returns (%)
39.25 Return Rank SIP
HDFC Financial 39.06 2.34 VR
Fund Category Fund/Cat Balanced Return
Tube Investments Automobile - 37.92 2.31
Aurobindo Pharma Healthcare 27.05 12.02 2.07 Year-to-Date 19.45 16.36 31/104 17.35 -
Power Grid Corp. Energy 14.60 18.23 1.97 3-Month 3.32 3.00 43/110 2.53 0.91
Voltas Cons Durable 31.88 58.22 1.96 6-Month 12.36 9.65 23/108 9.93 14.07
Infosys Technology 14.73 -10.82 1.89 1-Year 16.89 12.43 20/100 11.15 20.06
Indusind Bank Financial 32.81 50.59 1.65 2-Year 16.64 13.32 19/83 12.43 19.62
Aarti Industries Chemicals 24.41 24.99 1.57 3-Year 14.00 11.79 15/58 7.10 15.46
Vedanta Metals 9.69 45.98 1.45 5-Year 19.58 16.23 3/28 12.10 19.08
7-Year 14.86 11.28 3/26 8.51 17.73
Debt Holdings 10-Year 15.65 10.38 1/25 7.97 17.59
Company Sector Instruments % Assets Return less than 1-year are absolute and over 1 year are annualised
GOI Sovereign GOI Securities 1.81
GOI Sovereign Central Government Loan 1.38
Top 10 Sector Weights (%) Risk Analysis
GOI 1.36 Fund Volatility Measurements
Sovereign Central Government Loan
GOI Sovereign Central Government Loan 1.32 Financial 21.02 Standard Deviation 10.14
GOI Sovereign Central Government Loan 1.26 Energy 8.12 Sharpe Ratio 0.97
Automobile 5.53 Beta 0.87
Portfolio Characteristics FUND STYLE FMCG 5.49 R-Squared 0.84
Total Stocks Investment Style Construction 4.86 Alpha 6.84
65 Growth Blend Value
Total Bonds 54 Technology 4.41
Large Medium Small

Composition (%)
Capitalisation

Avg Mkt Cap (Rs.Cr) 60061 Metals 3.43

Portfolio P/B Ratio 2.80 Healthcare 3.16 Equity 68.25
Portfolio P/E Ratio 21.72 Services 2.83 Debt 31.24
3Y Earnings Growth (%) 5.01 Engineering 2.70 Cash 0.51
Returns as on September 4, 2017, Portfolio related data as on July 31, 2017
Best Performance Value Research Analysis Fund Objective & Strategy
YEAR 100.65%
This balanced fund has beaten its benchmark and category consistently The scheme seeks to
for the last seven years. This has earned it a consistent four to five stars generate capital appreciation
for the last five years. It maintains a more or less steady-state asset
with current income from a
allocation between equity and debt, with a 68-72 per cent equity allocation,
higher than that of its peers. The fund avoids both cash calls and changes combined portfolio of equity
in allocation. The aim is to purchase reasonable-quality businesses, when and debt instruments. Under
seen from the perspective of growth, ROE, management quality and normal circumstances the
business dynamics, at sensible valuations. The fund's equity portfolio has scheme would take 60 %
QUARTER 59.06% higher mid- and small-cap allocations than those of the peers. The debt
exposure to equity instruments
portion is invested mainly in good-quality bonds, with longer durations
used to make the most of falling interest rates. The fund's mid- and small- while the balance would be
cap tilt has helped performance in the last five years. However, the fund allocated to debt instruments.
is not wedded to mid caps. From more than half of the equity portion, mid-
and small-cap exposure has fallen to about 30 per cent in the last two
years. Three- and five-year returns show it outpacing the benchmark by
7-13 percentage points. The fund's ten-year record is quite comparable
MONTH to pure equity funds. Despite its aggression, the fund has contained
23.11%
downside well in the bear markets of 2011 and 2008 relative to its peers.
It has also managed a good margin of outperformance in the unpredictable
markets of the last one year. A balanced fund that delivers big payoffs
relative to risks.

Portfolio Manager

Worst Performance Chirag Setalvad

Since Apr 2007

YEAR -39.43%

QUARTER -31.66%

MONTH -25.59%
Investment Information

AMC : HDFC Asset Management Company Ltd Min Investment (Rs.) : 5000
Website : www.hdfcfund.com Min SIP Investment (Rs.) : 500
Registrar : Computer Age Management Services Ltd. Exit Load : For units in excess of 15% of the
Launch : September 2000 investment,1% will be charged for redemption within
365 days
Benchmark : Crisil Balanced Fund Aggressive
All the graphs are rebased to 10,000 Plans (NAV) : Dividend Quarterly (31.28) , Growth (142.17)

NAV VR Balanced
How to Read the Fundcard - Balance

Value Research Rating, Risk and Return

z Fund Rating The Value Research Fund Rating is a 1 to 5 star rating that is based on the returns that a fund has generated over the previous eight-
een months, while taking into account the risks that the fund has taken. This rating is relative to other fund of the same type.
z Risk Grade A five-step grading of the riskiness of a fund, based on the losses it has suffered during the past eighteen months. This grade is rel-
ative to other fund of the same type.
z Returns Grade A five-step grading of the returns of a fund. This grade is relative to other fund of the same type.

History
Fund Performance Vs Index
Data on the funds performance Sample Mutual Fund
since its launch. Graph of how an investors money
z NAV (Year End) The last
Rating: Fund Performance Vs VR Balanced would have grown in the fund since
Risk: Below Average 62000
NAV of each year. Return: High its launch. Hybrid funds are com-
z Total Return The percent-
49000
pared to a syntehtic index created
Fund
age returns that an investor VR Balanced
36000 by Value Research. This index is a
would have got over the (Rebased to 10,000) 23000
hybrid of fixed-income and equity
year. indices. For ease of comparison,
10000

z +/- In the given year, a both have been adjusted to start at

History 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
comparison of the funds NAV (Rs) - 12.84 10.41 9.01 10.19 18.20 22.11 29.00 38.48 58.21 36.11 10,000.
returns with that of a compa- Total Return (%)
+/-VR Balanced (%)
-
-
-
-
-18.93
-
-13.45
-9.63
13.10
6.37
78.61
39.12
21.48
14.50
31.16
6.43
32.70
3.85
51.26
8.40
-37.97
1.78
rable index +/-Crisil Balanced (%) - - - - - 35.20 13.17 8.01 7.48 14.49 -3.77

z Rank The funds perform- Rank (Fund/Category) - - 9/15 15/23 13/28 5/29 5/29 15/28 11/30 9/33 9/32
52 Week High (Rs) - 12.84 15.20 11.15 10.19 18.27 22.11 29.00 38.58 58.21 59.75
ance rank within its category 52 Week Low (Rs) - 9.92 9.78 7.79 8.96 10.04 16.56 21.12 27.95 35.87 33.70

for the year and the total Net Assets (Rs.Cr) - 145.94 83.77 58.83 53.08 96.71 218.44 291.17 408.02 566.54 423.07
Expense Ratio (%) - - 2.04 1.96 1.89 2.00 2.00 2.04 2.01 1.98 2.09
number of funds out of Quarterly Returns (%)
Top Holdings Quarterly Returns (%)
which it has been ranked. Q1 Q2 Q3 Q4 Year
z 52-Week NAV Range The
Equity Holdings
Company Sector P/E 2008 Ret % Assets
2008 -19.95 -7.07 -2.18 -14.77 -37.97 The funds returns over each quar-
highest and the lowest NAV Hindustan Unilever FMCG 26.70 16.99 5.73
2007 -3.46 17.58 10.18 20.95 51.26 ter of the last five years, along with
2006 17.52 -7.78 11.99 9.33 32.70
that the fund recorded dur- 70 HDFC Bank
Infosys Technologies
Financial
Technology
20.67
14.29
-42.26
-36.79
4.81
3.46
2005 0.36 3.83 16.62 7.93 31.16 the entire years returns.
ing that year Reliance Industries Energy 11.50 -57.30 3.06 2004 -0.55 -3.65 10.84 14.38 21.48
BPCL Energy -- -28.19 2.88
Trailing Returns (%)
z Net Assets The total Glaxosmithkline Pharma Health Care 21.91 11.36 2.65
Return Rank VR SIP
amount of investors assets Nestle India
Indian Oil
FMCG
Energy
26.11
--
-3.14
-46.33
2.39
2.20
Fund Category Fund/Cat Balanced Return

that the fund was managing ONGC Energy 8.31 -46.00 1.32 Year-to-Date
3-Month
-37.97
-14.77
-41.07
-14.63
9/32
16/32
-39.76
-14.15
-32.41
-9.81
Bharat Electronics Engineering 6.19 -64.23 1.24
at the end of the year. Glaxosmithkline Consumer FMCG 11.52 -22.06 1.07 6-Month -16.62 -17.27 17/32 -16.54 -30.30 Trailing Returns (%)
1-Year -37.97 -41.07 9/32 -39.76 -32.41
z Expense Ratio The per- Cipla Health Care 22.87 -12.09 1.04
2-Year -3.14 -8.62 4/31 -7.23 -16.33
centage of the average daily
Tata Consultancy Services
Maruti Suzuki India
Technology
Automobile
12.79
10.08
-55.87
-47.47
1.01
1.00 3-Year 7.58 2.42 2/30 3.51 -5.17 Performance data for various stan-
assets that the fund charged
HDFC Financial 17.10 -48.21 0.88 5-Year
7-Year
14.68
21.93
10.73
18.06
6/26
2/20
8.15
11.94
8.95
17.67
dard periods. All returns are in per-
as its management expens-
Debt Holdings
Company Sector Instruments % Assets
10-Year - - - - - centage. Periods greater than a
Return less than 1-year are absolute and over 1 year are annualised
es during the year. IDBI Bank Financial Floating Rate Bond 14.18
Top 10 Sector Weights (%) Risk Analysis year are annualised, shorter peri-
HDFC
LIC Housing Fin.
Financial
Financial
Debentures
Floating Rate Notes
13.00
7.63 Fund Volatility Measurements
ods are not.
Axis Bank Financial Fixed Deposits 2.36 Energy 11.25 Standard Deviation 22.51 z Fund The funds own
FMCG 10.55
returns.
Bank of Baroda Financial Fixed Deposits 1.18 Sharpe Ratio 0.21
Health Care 7.31 Beta 0.91
Portfolio Characteristics
FUND STYLE
Financial Services 5.91 R-Squared 0.91 z Category The average
Top Holdings Total Stocks
Total Bonds
67
6
Investment Style
Growth Blend Value
Technology
Engineering
5.54
2.93
Alpha 3.71
returns for all funds in the cate-
Composition (%)
gory.
Large Medium Small

Avg Mkt Cap (Rs.Cr) 11393 Services 2.74

A detailed report on the latest
Capitalisation

P/B Ratio 5.36 Automobile 2.00 Equity 57.03

investment portfolio that the fund P/E Ratio 13.65 Chemicals 1.27
Debt 34.83 z Rank The funds rank, out of
Communication 1.25
the total number of funds in the
3Y Earnings Growth (%) 4.27
Cash 8.14
is holding. For each stock, the Returns as on 31st December 2008, Portfolio-related data as on 30th November 2008
sector, the P/E ratio and the category
years returns are given. For z Index The returns of the

debt holdings, the sector and the funds benchmark index.

type of instrument are given. z SIP Return (Annualised)
The return that an investor
would have made by investing
in the funds monthly systemat-
Fund Style Top 10 Sector Composition (%) ic investment plan over the
Portfolio Characterstics Weights (%) period.
A nine-cell matrix is the overall style The proportion of
Aggregate measures regarding of equity investment that the fund The percentage of the funds holdings
the funds investments. The mar- follows. Vertically, the three steps the equity invest- that are held in
ket capitalization, P/B ratio and denote the weighted average market ments of the fund each of the three
P/E ratio are weighted averages capitalisation of the funds invest- that fall under each basic types of
of the latest numbers of the com- ments. Denoted horizontally, on a sector of the econo- assets. Risk Analysis
panies that the fund is invested weighted average basis, whether the my. The top 15 sec-
in. Three Year Earnings Growth companies that the fund has invest- tors for each fund A range of statistical measures that
is the weighted average of the ed in are value stocks, growth are given. can be used to evaluate the per-
compounded average growth in stocks, or a blend of the two. formance, risk, and return of a
the net profits of each company. mutual fund.