NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹43.42
-0.86%
NAV as on 18 Dec 24, 12:00 AM
moderately high risk
dynamic asset allocation
equity
NAV as on 18 Dec 24, 12:00 AM
moderately high risk
dynamic asset allocation
equity
16.76%p.a.
Last 1Y
12.05%p.a.
Last 3Y
11.04%p.a.
Last 5Y
11.10%p.a.
Since Inception
About HSBC Balanced Advantage Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the HSBC Balanced Advantage Fund Growth scheme from HSBC Asset Management (India) Private Ltd. It is a Dynamic Asset Allocation mutual fund scheme that predominantly invests in Dynamic Asset Allocation stocks of companies. Launched on Feb 2011, HSBC Balanced Advantage Fund Growth is Dynamic Asset Allocation fund of its category with 1,503.94 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Dynamic Asset Allocation funds.
- HSBC Balanced Advantage Fund Growth delivered 16.8% annual returns during the last year. It has delivered 11.1% average annual returns since the fund was launched.
- HSBC Balanced Advantage Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
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.
Top 10 Holdings
ICICI Bank Ltd
5.62%
7.18% Govt Stock 2033
3.77%
7.06% Govt Stock 2028
3.21%
Polycab India Ltd
3.10%
Aurobindo Pharma Ltd
2.86%
Future on Aurobindo Pharma Ltd
2.86%
Tata Power Co Ltd
2.78%
Future on Tata Power Co Ltd
2.78%
7.37% Govt Stock 2028
2.70%
Axis Bank Ltd
2.42%
Fund Managers
- Kapil Punjabi (May 2024 - Present)
- Mahesh Chhabria (Jul 2023 - Present)
- Neelotpal Sahai (Nov 2022 - Present)
- Praveen Ayathan (Oct 2023 - Present)
- Gautam Bhupal (Oct 2023 - Present)
- Sonal Gupta (Oct 2023 - Present)
- Hitesh Gondhia (Oct 2023 - Present)
Key Information
View Scheme Document
HSBC Balanced Advantage Fund Growth SIP Calculator
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NRI Mutual Fund Tax on HSBC Balanced Advantage Fund Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in HSBC Balanced Advantage Fund Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in HSBC Balanced Advantage Fund Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
Similar Funds
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3Y Return
DSP Dynamic Asset Allocation Fund Growth
moderately high risk | equity
10.1%
Axis Balanced Advantage Fund Growth
moderately high risk | equity
12.7%
Invesco India Balanced Advantage Fund Growth
moderately high risk | equity
14.2%
Frequently Asked Questions
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