Do you know which is the largest single mutual fund scheme today in India? It is HDFC Prudence Fund with over Rs. 36,000 crores in assets under management. Popularly known as a balanced fund, the scheme is undergoing a surgery (literally). So, what is happening? In the ongoing drive for scheme rationalisation and recategorisation, HDFC […]
Is it time to skip balanced funds, post LTCG tax? – Reader Query
A reader wants to know that after the LTCG tax, does investment in a large cap + debt fund combo expected to generate a better tax adjusted return versus investing in one of the balanced funds. We find out. Here is the query: With LTCG on equity, without any indexation, debt funds can be more attractive […]
SBI Magnum Balanced Fund – The cost of trust is huge!
Do you know which is the largest mutual fund scheme in India? No, it is not an equity fund, not even a debt fund. The largest scheme by size is HDFC Prudence – a hybrid equity fund. And it is not alone in the largest funds for this category. There is HDFC Balanced, ICICI Pru […]
Balanced funds – Best of both the worlds?
You know of equity mutual funds. You know of debt mutual funds. Now, what is the fund that invests in both – equity and debt? Easy one, right? Well, it is a hybrid fund, popularly known as a balanced fund. This fund invests in both equity/stocks and debt such as corporate debt and government securities. The name ‘balanced‘ suggests that it invests 50:50 in equity […]