Is HDFC Balanced Advantage Fund dividend taxable?

Declaring the dividend is totally the discretion of the fund manager. 2) Even though the dividend is tax free in the hands of the investor, the AMC has to pay 10% and 28.84% dividend distribution tax (DDT) respectively on equity / equity oriented funds and debt funds.

Is HDFC Balanced Advantage Fund taxable?

Balanced advantage funds were actually designed as a tax dodge. … On the other hand, for debt fund investments to be liable for long-term capital gains, they should be held for a minimum of three years. Thereafter, they are taxed at 20 per cent with indexation benefit.

How is HDFC Balanced Advantage Fund taxed?

Tax on Gains

Equity-oriented balanced funds are taxed just like pure equity. If you hold your investment for more than a year, the capital gains are treated as long-term capital gains. Long-term capital gains (LTCG) over Rs 1 lakh on equity component are taxed at the rate of 10% without the benefit of indexation.

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What is the monthly dividend of HDFC Balanced Advantage Fund?

AMC Name CATEGORY SEARCH Filter

Scheme Category Dividend (Rs/Unit)
HDFC Balanced Advantage Fund – IDCW Dynamic Asset Allocation or Balanced Advantage 0.23
HDFC Balanced Advantage Fund – IDCW Dynamic Asset Allocation or Balanced Advantage 0.31
HDFC Balanced Advantage Fund – IDCW Dynamic Asset Allocation or Balanced Advantage 0.31

What is the NAV of HDFC Balanced Advantage Fund dividend option?

HDFC Balanced Advantage Fund Direct Plan-IDCW Monthly is a Hybrid mutual fund scheme from HDFC Mutual Fund. This scheme was launched on 31 Dec 2012 and is currently managed by its fund manager Prashant Jain. It has an AUM of ₹41,921.86 Crores and the latest NAV decalared is ₹30.740 as on 10 Jul 2021 at 5:00 pm.

Is HDFC Balanced Advantage Fund good?

HDFC Balanced Advantage Fund is a Hybrid – Dynamic Allocation fund was launched on 11 Sep 00. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 18.1% since its launch.

Returns for HDFC Balanced Advantage Fund.

Duration Returns
6 Month 16.7%
1 Year 48.6%
3 Year 13.4%
5 Year 12.4%

Which is the best monthly dividend mutual fund?

Top 10 Dividend Yield Mutual Funds

Fund Name Category Risk
ICICI Prudential Dividend Yield Equity Fund Equity Very High
UTI Dividend Yield Fund Equity Very High
Tata Dividend Yield Fund Equity Moderate
Aditya Birla Sun Life Dividend Yield Plus Fund Equity Very High

How safe are balanced funds?

To begin with, balanced funds are not “extremely safe,” as some experts claim these days. Balanced funds invest in a mix of equity (minimum 65 per cent) and debt. With such a large investment in stocks, it is really foolish to believe that these schemes are absolutely safe from the vagaries of the stock market.

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What is the difference between Balanced Fund and Balanced Advantage Fund?

Difference Between Balanced Advantage Funds and Balanced Funds. A Balanced Advantage Fund primarily adjusts equity exposure on the basis of overall market valuations (expensive or cheap), whereas in the case of Balanced Mutual Funds, there is a pre-decided ratio of equity and debt investments.

What happened to HDFC Balanced Fund?

HDFC Mutual Fund has announced the merger of two of its schemes, HDFC Premier Multi-Cap Fund and HDFC Balanced Fund, to form a new scheme called HDFC Hybrid Equity Fund. The new scheme will be a hybrid scheme, investing predominantly in equity and equity-related instruments.

Which Balanced Advantage Fund is best?

10 Best Balanced Advantage/Dynamic Asset Allocation Funds

Fund Name Returns (%)
1-year 3-year
Edelweiss Balanced Advantage Fund 35.97 13.72
L&T Balanced Advantage Fund 17.59 8.33
IDFC Dynamic Equity Fund 23.36 9.68

Which HDFC Mutual Fund is best?

Top 10 Hdfc Mutual Funds

Fund Name Category 1Y Returns
HDFC Top 100 Fund Equity 50.3%
HDFC Index Fund – NIFTY 50 Plan Other 48.4%
HDFC Balanced Advantage Fund Hybrid 48.6%
HDFC Liquid Fund Debt 3.2%

Who is the fund manager of HDFC Balanced Advantage Fund?

Minimum investment required is Rs 5,000, and minimum additional investment is Rs 1,000. Minimum SIP investment is Rs 500. HDFC Balanced Advantage Fund is managed by Prashant Jain and Amar Kalkundrikar.

What is the latest NAV of HDFC Balanced Advantage Fund Growth?

HDFC Balanced Advantage Fund Direct Plan-Growth is a Hybrid mutual fund scheme from HDFC Mutual Fund. This scheme was launched on 31 Dec 2012 and is currently managed by its fund manager Prashant Jain. It has an AUM of ₹41,921.86 Crores and the latest NAV decalared is ₹272.230 as on 08 Jul 2021 at 5:00 pm.

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Which is the best monthly dividend mutual fund in India?

AMCs are required to pay 28.84 percent as a Dividend Distribution Tax (DDT) in the case of Debt fund and this is inclusive of cess and surcharge.

  • ICICI Prudential Technology Fund.
  • Kotak Small Cap Fund.
  • Nippon India Small Cap Fund.
  • Aditya Birla Sun Life Digital India Fund.
  • L&T Emerging Businesses Fund.

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Is dividend from mutual fund taxable?

There is no dividend distribution tax applicable on dividends declared by Equity Oriented Mutual Funds. DDT is applicable only on non-equity oriented mutual funds (Debt funds, Gold funds etc). Dividends received from mutual funds are tax free in the hands of the investor.

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