Name of the Fund: HDFC Prudence (G)
Ranked #4 by CRISIL
Expense Ratio: 2.25%
Risk Level: Above Average
Benchmark: Crisil Balanced
Objective: To provide periodic returns and capital appreciation over a long period of time, from a judicious mix of equity and debt investments, with the aim to prevent/ minimise any capital erosion.
HDFC Prudence (G) fund was launched in the year 1994. It is in the balanced fund category with 75% exposure to equity instruments and rest in debt. Since launch in Dec 1993, it has delivered annualized returns of 19%.
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Top holdings include Infosys, ICICI bank, Tata Motors, Reliance, and SBI. The fund manager has been Prashant Jain since its inception. It has always beaten the category average except in a couple of years when the markets were in turmoil. You can choose this balanced fund if you want to invest for a goal which is 4-5 years away. For longer goals, you can choose equity and debt funds according to your asset allocation.