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Fincash » HDFC Balanced Advantage Fund Vs HDFC Top 100 Fund

HDFC Balanced Advantage Fund Vs HDFC Top 100 Fund

Updated on February 28, 2024 , 3789 views

There are a number of differences between HDFC Balanced Advantage Fund and HDFC Top 100 Fund. These differences exist in spite of both the schemes forming part of the same category and belonging to the same fund house. These schemes are a part of Large cap funds. Large-cap funds are the Mutual Fund schemes that invest their accumulated money in stocks of companies having a Market capitalization of more than INR 10,000 Crores. These companies are huge in terms of market capitalization, product size, and human Capital. Large-cap companies are also known as bluechip companies and are considered as the market leaders in their respective. Though large-cap funds are of the same category nevertheless; there are numerous differences between them. So, let’s understand the differences between these schemes through this article.

HDFC Balanced Advantage Fund (Erstwhile HDFC Growth Fund)

HDFC Balanced Advantage Fund's (earlier known as HDFC Growth Fund) investment objective is to attain capital appreciation from a Portfolio of securities predominantly consisting of equity and equity-related securities. HDFC Balanced Advantage Fund uses S&P BSE Sensex and Nifty 50 Index as its primary and additional benchmark to build its basket of assets. Mr. Srinivas Rao Ravuri and Mr. Rakesh Vyas are the joint fund managers of HDFC Balanced Advantage Fund. Based on the Asset Allocation objective of the scheme, HDFC Balanced Advantage Fund invests around 80-100% of its accumulated fund money in equity and equity-related instruments and the remaining portion in fixed Income and money market instruments. The scheme follows five basic principles of investment approach that includes focussing on long-term, maintain a balanced outlook on the market, and disciplined approach to selling.

HDFC Top 100 Fund (Erstwhile HDFC Top 200 Fund)

HDFC Top 100 Fund (earlier known as HDFC Top 200 Fund) is offered and managed by HDFC Mutual Fund under the large-cap category. The scheme invests a significant stake of its corpus in the stock of companies forming part of BSE 200 Index. The scheme was launched on October 11, 1996. HDFC Top 100 Fund uses S&P BSE 200 Index as its primary index and S&P BSE Sensex as its additional benchmark to construct its portfolio. Some of the constituents that form part of the Top 10 holdings of HDFC Top 100 Fund include HDFC Bank Limited, Infosys Limited, Larsen & Toubro Limited, Reliance Industries Limited, and State Bank of India. Based on the asset allocation objective of the scheme, it invests up to 100% of its fund in equity and equity-related instruments. HDFC Top 100 Fund is jointly managed by Mr. Rakesh Vyas and Mr. Prashant Jain.

HDFC Balanced Advantage Fund Vs HDFC Top 100 Fund

The numerous parameters on which HDFC Balanced Advantage Fund and HDFC Top 100 Fund differ are classified into four section. These sections are explained below as follows.

Basics Section

It is the first section in the comparison that includes comparable parameters such as current NAV, Fincash Rating, and scheme category. The comparison of scheme category shows that both the schemes belong to the Equity Large Cap category. On the Basis of Fincash Rating, it can be said that, HDFC Balanced Advantage Fund is a 4-Star scheme and HDFC Top 100 Fund is a 3-Star scheme. The comparison of current NAV also shows a difference between both the schemes. As on May 02, 2018, the NAV of HDFC Top 100 Fund was around INR 447 and of HDFC Balanced Advantage Fund was approximately INR 185. The comparison of the basics section is tabulated as follows.

Parameters
BasicsNAV
Net Assets (Cr)
Launch Date
Rating
Category
Sub Cat.
Category Rank
Risk
Expense Ratio
Sharpe Ratio
Information Ratio
Alpha Ratio
Benchmark
Exit Load
HDFC Balanced Advantage Fund
Growth
Fund Details
₹453.86 ↑ 4.72   (1.05 %)
₹77,011 on 31 Jan 24
11 Sep 00
Hybrid
Dynamic Allocation
23
Moderately High
1.61
2.89
0
0
Not Available
0-1 Years (1%),1 Years and above(NIL)
HDFC Top 100 Fund
Growth
Fund Details
₹1,027.07 ↑ 17.12   (1.69 %)
₹30,980 on 31 Jan 24
11 Oct 96
Equity
Large Cap
43
Moderately High
1.77
1.99
1.09
6.69
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

It is the second section in the comparison of the schemes that analyzes the differences in the Compounded Annual Growth Rate or CAGR returns of both the schemes. These CAGR returns are compared at different intervals such as 1 Month Return, 6 Month Return, 3 Year Return, and 5 Year Return. On the basis of performance, it can be said that in certain instances, HDFC Top 100 Fund leads the race and in others, HDFC Balanced Advantage Fund has performed better. The table given below compares the differences in the performance section.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
HDFC Balanced Advantage Fund
Growth
Fund Details
1.2%
12%
21.2%
40.5%
23.3%
19.6%
18.5%
HDFC Top 100 Fund
Growth
Fund Details
1.5%
11.8%
20%
37.9%
20%
17.2%
19.3%

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Yearly Performance Section

Being the third section in the comparison, it analyzes the differences in the absolute returns of both the schemes for a particular year. The comparison of absolute returns also states that for certain years, HDFC Balanced Advantage Fund has done well and for other years, HDFC Top 100 Fund has done better. The table given below summarizes the comparison of yearly performance section.

Parameters
Yearly Performance2023
2022
2021
2020
2019
HDFC Balanced Advantage Fund
Growth
Fund Details
31.3%
18.8%
26.4%
7.6%
6.9%
HDFC Top 100 Fund
Growth
Fund Details
30%
10.6%
28.5%
5.9%
7.7%

Other Details Section

Being the last section in the comparison, it includes comparable elements such as AUM, minimum SIP and lumpsum investment, and much more. The minimum SIP and lumpsum investment are same for both the schemes. The minimum SIP amount for both the schemes is INR 500 while the lumpsum amount for both the schemes is INR 5,000. However, there is a significant difference in the AUM of both the schemes. As on March 31, 2018, the AUM of HDFC Top 100 Fund was approximately INR 14,350 Crores and of HDFC Balanced Advantage Fund was around INR 1,129 Crores. The comparison of other details section is as follows.

Parameters
Yearly Performance2023
2022
2021
2020
2019
HDFC Balanced Advantage Fund
Growth
Fund Details
31.3%
18.8%
26.4%
7.6%
6.9%
HDFC Top 100 Fund
Growth
Fund Details
30%
10.6%
28.5%
5.9%
7.7%

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
HDFC Balanced Advantage Fund
Growth
Fund Details
DateValue
28 Feb 19₹10,000
29 Feb 20₹10,153
28 Feb 21₹13,049
28 Feb 22₹15,096
28 Feb 23₹17,399
29 Feb 24₹24,443
Growth of 10,000 investment over the years.
HDFC Top 100 Fund
Growth
Fund Details
DateValue
28 Feb 19₹10,000
29 Feb 20₹9,802
28 Feb 21₹12,800
28 Feb 22₹14,603
28 Feb 23₹16,044
29 Feb 24₹22,125

Detailed Assets & Holdings Comparison

Asset Allocation
HDFC Balanced Advantage Fund
Growth
Fund Details
Asset ClassValue
Cash12.55%
Equity61.04%
Debt26.4%
Equity Sector Allocation
SectorValue
Financial Services24.71%
Industrials11.05%
Energy8.5%
Utility6.64%
Technology3.92%
Consumer Cyclical3.71%
Health Care3.37%
Consumer Defensive2.8%
Communication Services1.83%
Basic Materials1.8%
Real Estate1.37%
Debt Sector Allocation
SectorValue
Government18.46%
Cash Equivalent11.68%
Corporate8.82%
Credit Quality
RatingValue
AA1.27%
AAA96.9%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 22 | HDFCBANK
6%₹4,648 Cr27,194,651
Coal India Ltd (Energy)
Equity, Since 31 Jan 18 | COALINDIA
4%₹3,057 Cr81,296,900
↓ -1,771,100
NTPC Ltd (Utilities)
Equity, Since 31 Aug 16 | NTPC
4%₹2,825 Cr90,806,178
↓ -500,000
7.38% Govt Stock 2027
Sovereign Bonds | -
4%₹2,750 Cr272,581,800
↑ 500,000
State Bank of India (Financial Services)
Equity, Since 31 May 07 | SBIN
4%₹2,610 Cr40,657,271
↑ 106,500
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
3%₹2,541 Cr25,497,324
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 12 | LT
3%₹1,959 Cr5,556,183
ITC Ltd (Consumer Defensive)
Equity, Since 30 Apr 18 | ITC
3%₹1,954 Cr42,276,926
Infosys Ltd (Technology)
Equity, Since 31 Oct 09 | INFY
3%₹1,837 Cr11,906,298
Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 17 | PFC
2%₹1,795 Cr46,912,162
↓ -2,462,999
Asset Allocation
HDFC Top 100 Fund
Growth
Fund Details
Asset ClassValue
Cash2.15%
Equity97.85%
Equity Sector Allocation
SectorValue
Financial Services35.55%
Energy10.86%
Technology9.68%
Consumer Defensive8.51%
Industrials7.51%
Health Care6.71%
Utility5.62%
Consumer Cyclical5.54%
Communication Services4.4%
Basic Materials3.47%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK
9%₹2,799 Cr16,376,319
↑ 500,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 05 | ICICIBANK
9%₹2,755 Cr27,640,474
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 06 | RELIANCE
7%₹2,018 Cr7,806,781
↑ 355,000
NTPC Ltd (Utilities)
Equity, Since 30 Jun 15 | NTPC
6%₹1,701 Cr54,669,743
Infosys Ltd (Technology)
Equity, Since 31 Aug 04 | INFY
5%₹1,632 Cr10,579,648
↑ 1,050,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 06 | LT
5%₹1,487 Cr4,215,916
↑ 711,686
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 03 | ITC
5%₹1,464 Cr31,691,145
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 07 | AXISBANK
4%₹1,290 Cr11,702,714
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 20 | BHARTIARTL
4%₹1,231 Cr11,921,785
Coal India Ltd (Energy)
Equity, Since 30 Sep 17 | COALINDIA
3%₹1,036 Cr27,557,721

Therefore, based on the above-mentioned pointers, it can be said that there are a number of differences between both the schemes on account of numerous parameters. As a result, individuals should be careful while Investing in any of the schemes. They should ensure that the scheme matches their investment objectives. Additionally, they should also ensure that they understand the modalities of the scheme completely. If required, individuals can also consult an opinion of a financial advisor. Following these steps will help individuals to attain their objectives on time along with ensuring that their investment is safe.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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