HDFC Balanced Advantage Fund ½ (An open ended balanced advantage fund)

ĩS¢ˆ N¢ˆ³ˆ Ô´„ˆÆވ´Ñ ¢i´Ÿˆ £´ "Ô´„i³ˆ´Ñi® ÑÑÆ£~ÔшÊ

£ēˆē¢i´Ÿˆ£´ÊʈÑ®®¹iÑ£¹´GiÑшƴÞēˆē‘ē7iÆ¢ōŐĐŎŌōŕĪē
PORTFOLIO
¹³Ãi´à Industry+ ğJiÑ£´Ÿ ¹³Ãi´à Industry+ ğJiÑ£´Ÿ
S#=Jb="N&7Ē28_8S#"V8
% to NAV % to NAV

IV'SbĸIV'SbJ2S =Æ£ˆ´Ñˆ³ˆ´Ñ2фē ˆ³ˆ´Ñ 0.28

0b"SN
ħ'''i´¬2фē Banks 9.64 Union Bank of India Banks 0.23
'8_NS78S=/S'_ Nшˆ®ÔÑ¢¹Æ£Ñà=‘'´„£i2фē "ˆÆƹÔÊ7ˆÑi®Ê
ħNÑiшi´¬¹‘'´„£i Banks 8.85 0.22
To provide long term capital appreciation / income from a
dynamic mix of equity and debt investments. ħ'´‘¹ÊàÊ2фē Software 8.49 Time Technoplast Ltd. Industrial Products 0.21
There is no assurance that the investment objective of the ħ2iÆʈ´i´„S¹Ô~ƹ2фē ¹´ÊÑÆÔÑ£¹´Gƹ«ˆÑ 6.62 ABB India Ltd. '´„ÔÊÑÆ£i®iãÑi®#¹¹„Ê 0.20
Scheme will be realized.
ħ8SG2фē /7Gƹ«ˆÑÊĩ'´„£iĪ2фē ¹´ÊÑÆÔÑ£¹´
S#=Jb="N&7Ē i®i´ˆ„„Ýi´ÑiŸˆ"Ô´„
Power 3.98 0.20

ħJˆ®£i´ˆ'´„ÔÊÑÆ£ˆÊ2фē ¹¢£´N¢£ÃàiƄ2фē '´„ÔÊÑÆ£i®iãÑi®#¹¹„Ê

"V878#J¥
Petroleum Products 3.59 0.18

Prashant Jain (since June 20, 03)§ ħG¹ÞˆÆ#Æ£„¹ÆùÆiÑ£¹´¹‘ Kirloskar Pneumatic Ltd. Industrial Products 0.14
S¹Ñi®ßÈƣˆ´ˆĒ=݈ÆŎœàˆiÆÊ India Ltd. Power 3.22
¹ÆùÆiÑ£¹´i´¬ Banks 0.13
ħ'S2фē ¹´ÊÔ³ˆÆ8¹´ÔÆi~®ˆÊ
'8GS'=8S½
2.78
Dynamatic Technologies Ltd. Auto Ancillaries 0.12
"ˆ~ÆÔiÆàŌōĐōŕŕŐ G¹ÞˆÆ"£´i´ˆ¹ÆùÆiÑ£¹´2фē "£´i´ˆ 2.74
Garden Reach Shipbuilders &
NAV (AS ON APRIL 30, 2019) NAV PER UNIT (`) ¹i®'´„£i2фē Minerals/Mining 2.66 Engineers Ltd. Aerospace & Defence 0.11
JˆŸÔ®iÆG®i´ģ#ƹÞÑ¢=ÃÑ£¹´ 199.156 Gujarat Industries Power
Regular Plan - £Ý£„ˆ´„=ÃÑ£¹´ ¹³Ãi´à2фē
Axis Bank Ltd. Banks 2.10
29.106 Power 0.11
£ÆˆÑG®i´ģ#ƹÞÑ¢=ÃÑ£¹´
Texmaco Rail & Engineering Ltd. '´„ÔÊÑÆ£i®iãÑi®#¹¹„Ê
207.199
£ÆˆÑG®i´ģ£Ý£„ˆ´„=ÃÑ£¹´
GAIL (India) Ltd. Gas 2.10
30.771 0.10
"ˆÆƹÔÊ7ˆÑi®Ê
NNSNV8J78#78S ĩ`Ī'8J=J #G¹ÞˆÆi´„'´„ÔÊÑÆ£i®
Tata Steel Ltd. 1.98
¢iÆiÑGˆÑƹ®ˆÔ³¹ÆùÆiÑ£¹´ Solutions Ltd. '´„ÔÊÑÆ£i®iãÑi®#¹¹„Ê 0.09
As on April 30, 2019 40,783.80
N¢i´„i´„¹³Ãi´à2фē
Ltd. Petroleum Products 1.78
Average for Month of April, 2019 40,788.94 Media & Entertainment 0.09
IV8S'SS'_S Aurobindo Pharma Ltd. Pharmaceuticals 1.72
NiŸiƈ³ˆ´ÑÊ2фē ˆ³ˆ´Ñ 0.09
&"i´¬2фē
'´„ÔÊÑÆ£i®iãÑi®#¹¹„Ê
Portfolio Turnover Ratio 14.35% Banks 1.67
Average Maturity * 2.62 years Titagarh Wagons Ltd. 0.09
7¹„£—ˆ„ÔÆiÑ£¹´į
Macaulay Duration * 2.29 years Rural Electrification
¹ÆùÆiÑ£¹´2фē "£´i´ˆ
2.09 years MEP Infrastructure
Yield to Maturity * 9.21% 1.65
Developers Ltd. Transportation 0.07
į¹³ÃÔш„¹´Ñ¢ˆ£´ÝˆÊш„i³¹Ô´Ñfor debt portfolio.
=Æ£ˆ´Ñi®i´¬¹‘¹³³ˆÆˆ
Hindustan Petroleum
¹ÆùÆiÑ£¹´2фē Petroleum Products 1.43 Banks 0.07
TOTAL EXPENSE RATIO (As on April 30, 2019)
Including Additional Expenses and Goods and Service Tax on SiÑi¹´ÊÔ®Ñi´àNˆÆÝ£ˆÊ2фē Software 1.38 Bharat Dynamics Ltd. Aerospace & Defence 0.06
7i´iŸˆ³ˆ´Ñ"ˆˆÊ &£´„ÔÊÑi´¹´ÊÑÆÔÑ£¹´
Regular: 1.78% Direct: 1.11%
Bank of Baroda Banks 1.10 ¹³Ãi´à2фē ¹´ÊÑÆÔÑ£¹´Gƹ«ˆÑ 0.06

ŋ8&7J0 '8aĒ 8'"Sb őŌ &à~Æ£„ ¹³Ã¹Ê£Ñˆ ˆ~Ñ

Punjab National Bank Banks 1.00 J.Kumar Infraprojects Ltd. ¹´ÊÑÆÔÑ£¹´ 0.06
65:35 Index £Ã®i2фē Pharmaceuticals 0.98 RITES Ltd. ¹´ÊÑÆÔÑ£¹´Gƹ«ˆÑ 0.06
ŋŋ2ē8&7J0'8aĒ8'"Sb50 (Total Returns Index) SiÑi¢ˆ³£i®Ê2фē ¢ˆ³£i®Ê 0.91 Ramco Systems Ltd. Software 0.05
a'S2= Solar Industries India Ltd. ¢ˆ³£i®Ê 0.84 Syndicate Bank Banks 0.05
z In respect of each purchase / switch-in of Units, upto 15%
of the units may be redeemed without any exit load from Just Dial Ltd. Software 0.83 "ÔÑÔƈNÔÃîà¢i£´N¹®ÔÑ£¹´Ê2фē Transportation 0.03
8¹´ģ"ˆÆƹÔÊ7ˆÑi®Ê ˆ´ÑÔ³®ˆÑƹ´£Ê2фē '´„ÔÊÑÆ£i®iãÑi®#¹¹„Ê
the date of allotment.
Vedanta Ltd. 0.81
z
0.02
Any redemption in excess of the above limit shall be subject
¢i³~i®"ˆÆÑ£®£ãˆÆÊĸ ¹´Ñi£´ˆÆ¹ÆùÆiÑ£¹´¹‘
¢ˆ³£i®Ê2фē "ˆÆÑ£®£ÊˆÆÊ
to the following exit load:
„
0.75 India Ltd. Transportation 0.02
Exit load of 1.00% is payable if Units are redeemed /
switched-out within 1 year from the date of allotment i´iÆii´¬ Banks 0.64 ®ˆ¹´´Ÿ£´ˆˆÆ£´Ÿ¹³iôà
of units. Ltd. '´„ÔÊÑÆ£i®iãÑi®#¹¹„Ê 0.02
z No Exit Load is payable if Units are redeemed / switched- Apollo Tyres Ltd. Auto Ancillaries 0.62
'´„ÔÊÑÆ£i®iãÑi®#¹¹„Ê
Reliance Nippon Life Asset
"£´i´ˆ
out after 1 year from the date of allotment. Siemens Ltd. 0.50
"¹Æ‘ÔÆÑ¢ˆÆ„ˆÑi£®ÊĐîˆiʈƈ‘ˆÆѹÃiÆiĕߣÑ2¹i„Ė¹´GŸőŎē
Management Ltd. 0.01
Gujarat Pipavav Port Ltd. Transportation 0.48 Avenue Supermarts Ltd. Retailing @
8&G2фē
PLANS & OPTIONS
Power 0.47 Sub Total 83.55
Regular Plan, Direct Plan. Under Each Plan : Growth &
£Ý£„ˆ´„ēS¢ˆ£Ý£„ˆ´„=ÃÑ£¹´¹”ˆÆʣݣ„ˆ´„Già¹ÔÑi´„ '´„ÔÊÑÆ£i®iãÑi®#¹¹„Ê
Reinvestment facility.
Apar Industries Ltd. 0.38 SĸSJ2S
N2фē J'SaG=NVJ
7'8'7V7GG2'S'=87=V8S
Power 0.38
NiÝ£Ñi=£®Sˆ¢´¹®¹Ÿ£ˆÊ2фē
ħNÑiшi´¬¹‘'´„£i JģŽğJ'N'2ģŽ
Purchase : ` 5,000 and any amount thereafter. Petroleum Products 0.38
4.45
Additional Purchase : ` 1,000 and any amount thereafter. ¹´ÊÑÆÔÑ£¹´Gƹ«ˆÑ
ħSiÑiN¹´Ê2фē J'N'2ģ
Ashoka Buildcon Ltd. 0.37
ʼnˆ„£iш„"Ô´„7i´iŸˆÆ‘¹Æ=݈ÆʈiÊ'´ÝˆÊѳˆ´ÑÊĒ 3.28
7Æē³iÆ0i®¬Ô´„Æ£¬iÆĩS¹Ñi®ßÈƣˆ´ˆĒ=݈ÆōŒàˆiÆÊĪē '´„ÔÊÑÆ£i®iãÑi®#¹¹„Ê
i´iÆii´¬ J'N'2ģ
BEML Ltd. 0.28
IJiш¹‘³£ŸÆiÑ£¹´¹‘ˆÆÊÑÞ¢£®ˆ&"GÆԄˆ´ˆ"Ô´„‘ƹ³
1.59
"ˆÆƹÔÊ7ˆÑi®Ê
eÔÆ£¢ '´„£i 7ÔÑÔi® "Ô´„ ĩ®¹Êˆ ¹‘ ~ÔÊ£´ˆÊÊ ¢¹ÔÆÊ ģ /Ô´ˆ &"i´¬2фē JģŽ
Mishra Dhatu Nigam Ltd. 0.28
1.49
19, 03).

8¹ÑˆĒ ½”ˆѣ݈®¹Êˆ¹‘~ÔÊ£´ˆÊÊ¢¹ÔÆʹ‘/Ô´ˆōĐŎŌōŔĐ&"GÆԄˆ´ˆ"Ô´„³ˆÆŸˆ„ޣѢ&"#ƹÞÑ¢"Ô´„ĩ&"i®i´ˆ„
„Ýi´ÑiŸˆ"Ô´„i‘шÆ¢i´ŸˆÊ£´‘Ô´„i³ˆ´Ñi®iÑÑÆ£~ÔшÊĪēÊÑ¢ˆùÆё¹®£¹¢iÆiшƣÊÑ£Êi´„Ñ¢ˆ~ƹi„£´ÝˆÊѳˆ´ÑÊÑÆiшŸà¹‘&"
i®i´ˆ„„Ýi´ÑiŸˆ"Ô´„£ÊÊ£³£®iÆѹÑ¢iѹ‘ˆÆÊÑÞ¢£®ˆ&"GÆԄˆ´ˆ"Ô´„ĐÑ¢ˆÑÆi¬ƈ¹Æ„ĩ£ēˆēÊ£´ˆ£´ˆÃÑ£¹´„iшĐ„£Ý£„ˆ´„
¢£ÊѹÆàĐˆÑēĪi´„ÃiÊÑÈƑ¹Æ³i´ˆ¹‘ˆÆÊÑÞ¢£®ˆ&"GÆԄˆ´ˆ"Ô´„¢iÊ~ˆˆ´¹´Ê£„ˆÆˆ„Đ£´®£´ˆޣѢN'£ÆÔ®iƹ´GˆÆ‘¹Æ³i´ˆ
disclosure post consolidation/ merger of scheme dated April 12, 2018.

"iˆ_i®ÔˆÈÆV´£ÑĒ`ōŌÔ´®ˆÊʹѢˆÆޣʈÊÈ£—ˆ„ĐŽ'´„ÔÊÑÆà®iÊÊ£—iÑ£¹´iÊƈ¹³³ˆ´„ˆ„~à7"'ĐiÑi£Êiʹ‘April 30, 20ōŕÔ´®ˆÊʹѢˆÆޣʈÊÈ£—ˆ„ē ....¹´Ñ„¹´´ˆßÑÃiŸˆ

April 2019 13
HDFC Balanced Advantage Fund ½
.....Contd from previous page
(An open ended balanced advantage fund)

Industry Allocation of Equity Holding (% of Net Assets) PORTFOLIO

Banks 25.48 ¹³Ãi´à Industry+ ğJiÑ£´Ÿ % to NAV ¹³Ãi´à Industry+ ğJiÑ£´Ÿ % to NAV

'''i´¬2фē 'JģŽ 7VSV2"V8V8'SN

Software 10.75
1.09
Power 8.16
Petroleum Products 7.18 Punjab National Bank JģŽ 1.05 &"SENSEXߢi´ŸˆSÆi„ˆ„"Ô´„ 0.03

Jģģ
Construction Project 7.11
Union Bank of India 0.71 Sub Total 0.03
Finance 4.40
Consumer Non Durables 2.78 Syndicate Bank JģŽ 0.31 iÊ¢ĐiÊ¢ÅÔ£Ýi®ˆ´ÑÊi´„8ˆÑÔÆƈ´ÑÊʈÑÊ 1.15

J'N'2ģŽ
Pharmaceuticals 2.70
Axis Bank Ltd. 0.06 Grand Total 100.00
Minerals/Mining 2.66
Ferrous Metals 2.48 Andhra Bank JģŽ 0.05 ħTop Ten Holdings, @ Less than 0.01%
Gas 2.10 Sub Total 14.08
Industrial Capital Goods 1.86
Chemicals 1.75 MONEY MARKET INSTRUMENTS
Non - Ferrous Metals 0.81 ğG
8SG2фē 'JģōŽ
Fertilisers 0.75
Auto Ancillaries 0.74 0.82
Transportation 0.60 Tata Sons Ltd. J'N'2ģōŽ 0.37
Cement 0.37
Sub Total 1.19
Industrial Products 0.35
Construction 0.26
Aerospace & Defence 0.17
Media & Entertainment 0.09
0 5 10 15 20 25 30

S¢£ÊÃƹ„ÔÑ£ÊÊÔ£Ñi~®ˆ‘¹Æ£´ÝˆÊѹÆÊÞ¢¹iƈʈˆ¬£´Ÿĵ
z to generate long-term capital appreciation / income
z investments in a mix of equity and debt instruments
Riskometer G¹Æё¹®£¹®iÊÊ£—iÑ£¹´àÊʈÑ®iÊÊĩŻĪ G¹Æё¹®£¹®iÊÊ£—iÑ£¹´àJiÑ£´Ÿ®iÊÊĩŻĪ
„ Equity
„ Equity
83.55
83.55 „ ğĩN=ĪğōŽğōŽĩN=Īĸ
„ G Equivalent 4.47
„ Ž
1.19
„ ƈ„£ÑßùÊÔƈ
7.09
„ AA/AA-
14.08
„ 7ÔÑÔi®"Ô´„V´£ÑÊ
2.30
0.03 „ Žĸˆ®¹Þ 1.41
„ iÊ¢ĐiÊ¢ÅÔ£Ýi®ˆ´ÑÊi´„8ˆÑ „ 7ÔÑÔi®"Ô´„V´£ÑÊ 0.03
ÔÆƈ´ÑÊʈÑÊ „ iÊ¢ĐiÊ¢ÅÔ£Ýi®ˆ´ÑÊi´„8ˆÑ
Investors understand that their principal will be at
1.15
ÔÆƈ´ÑÊʈÑÊ
moderately high risk
ĵ'´ÝˆÊѹÆÊÊ¢¹Ô®„¹´ÊÔ®ÑÑ¢ˆ£Æ—´i´£i®i„ݣʈÆÊ£‘£´„¹Ô~Ñ
1.15

N'GGJ"=J78ĴģJˆŸÔ®iÆîi´ģ#ƹÞÑ¢=ÃÑ£¹´
about whether the product is suitable for them.

Since Inception 15 year 10 year 5 year 3 year 1 year

SIP SIP SIP SIP SIP SIP
Total Amount Invested (` ‘000) 3,030.00 1,800.00 1,200.00 600.00 360.00 120.00
Mkt Value As on April 30, 2019 (` ‘000) $$ 59,610.11 6,235.47 2,384.73 773.62 413.87 127.96
Returns (%) $$ 19.43 15.13 13.18 10.12 9.30 12.63
Benchmark Returns (%) # N.A. 11.40 10.83 10.58 11.33 12.95
Additional Benchmark Returns (%) ## N.A. 12.82 12.10 12.16 13.97 14.87
Assuming `ōŌĐŌŌŌ£´ÝˆÊш„ÊàÊш³iÑ£i®®à¹´Ñ¢ˆ—ÆÊÑÔÊ£´ˆÊÊi๑ˆÝˆÆà³¹´Ñ¢¹ÝˆÆiÈƣ¹„¹‘Ñ£³ˆē#JƈÑÔÆ´Êiƈ¹³ÃÔш„
i‘шÆi¹Ô´Ñ£´Ÿ‘¹ÆÑ¢ˆiÊ¢¹Þ~àÔÊ£´Ÿa'JJ³ˆÑ¢¹„ĩ£´ÝˆÊѳˆ´Ñ£´ÑˆÆ´i®Æiш¹‘ƈÑÔÆ´Ī‘¹ÆJˆŸÔ®iÆG®i´ģ#ƹÞÑ¢=ÃÑ£¹´ēS¢ˆi~¹Ýˆ
investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital.

GJ"=J78ĴģJˆŸÔ®iÆîi´ģ#ƹÞÑ¢=ÃÑ£¹´
iш Period Scheme Benchmark Additional Value of `ōŌĐŌŌŌ£´ÝˆÊш„
Returns Returns Benchmark Scheme (`) Benchmark Additional
(%) $$ (%)# Returns $$ (`)# Benchmark
(%) ## (`)##
Apr 30, 18 Last 1 Year 6.82 9.92 10.84 10,682 10,992 11,084
Apr 29, 16 Last 3 Years 13.83 12.89 15.91 14,755 14,391 15,580
Apr 30, 14 Last 5 Years 14.46 11.83 13.32 19,655 17,497 18,693
"ˆ~ŌōĐŕŐ Since Inception 18.56 N.A. N.A. 737,069 N.A. N.A.
JˆÑÔÆ´Ê ŸÆˆiшÆ Ñ¢i´ ō àˆiÆ Èƣ¹„ iƈ ¹³Ã¹Ô´„ˆ„ i´´Ôi®£ãˆ„ ĩ#JĪē N.A. Not Available. Scheme performance may not strictly be
comparable with that of its Additional Benchmark in view of balanced nature of the scheme where a portion of scheme’s investments are
made in debt instruments. $$ A®®„£Ý£„ˆ´„Ê„ˆ®iƈ„ÃÆ£¹ÆѹÑ¢ˆÊî£ÑÑ£´Ÿ¹‘Ñ¢ˆN¢ˆ³ˆ£´Ñ¹£Ý£„ˆ´„ĸ#ƹÞÑ¢=ÃÑ£¹´ÊiƈiÊÊÔ³ˆ„ѹ
be reinvested in the units of the Scheme at the then prevailing NAV (ex-dividend NAV). "¹ÆÈƑ¹Æ³i´ˆ¹‘¹Ñ¢ˆÆÊ¢ˆ³ˆÊ³i´iŸˆ„~à
Prashant Jain, please refer page 52. £”ˆÆˆ´Ñîi´ÊÝ£ãēJˆŸÔ®iÆG®i´i´„£ÆˆÑG®i´¢i݈i„£”ˆÆˆ´ÑˆßȴʈÊÑÆÔÑÔƈēS¢ˆˆßȴʈʹ‘
the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. "¹Æ
Performance of Direct Plan, refer page no. 58. "¹Æ"G'G¹Æё¹®£¹Đƈ‘ˆÆÃiŸˆ´¹ēŒőē
ĴGiÊÑÈƑ¹Æ³i´ˆ³ià¹Æ³ià´¹Ñ~ˆÊÔÊÑi£´ˆ„£´Ñ¢ˆ‘ÔÑÔƈēLoad is not taken into consideration for computation of performance.
"iˆ_i®ÔˆÈÆV´£ÑĒ`ōŌÔ´®ˆÊʹѢˆÆޣʈÊÈ£—ˆ„ĐŽ'´„ÔÊÑÆà®iÊÊ£—iÑ£¹´iÊƈ¹³³ˆ´„ˆ„~à7"', Data is as of April 30, 2019 unleÊʹѢˆÆޣʈÊÈ£—ˆ„ē

14 April 2019