Answer-With reference to HDFC Balanced Advantage Fund (BAF) and its recent achievement, consider the follow...

Statement 1 is correct HDFC Balanced Advantage Fund BAF became Indias first hybrid mutual fund to cross the 1 trillion AUM mark. Statement 2 is incorrect It is not the first actively managed scheme overall to cross this milestone that honor goes to Parag Parikh Flexicap Fund, making HDFC BAF the second actively managed scheme but the first hybrid one. Statement 3 is correct The fund was managed by Prashant Jain for 28 years, the longest tenure ever by a fund manager in India. The scheme, launched in 1994, went through name and merger changes, finally becoming HDFC Balanced Advantage Fund in 2018. It has delivered strong long-term returns, supported by its model-driven dynamic asset allocation approach. Thus, the correct answer is b 1 and 3 only.

Question

With reference to HDFC Balanced Advantage Fund (BA

F and its recent achievement, consider the following statements: 1. It is the first hybrid mutual fund in India to cross the ₹1 trillion AUM mark. 2. It is the first actively managed mutual fund scheme in India to cross the ₹1 trillion mark. 3. Prashant Jain managed this fund for 28 years, the longest tenure by any fund manager in India. Which of the statements given above is/are correct?

A 1 and 2 only

B 1 and 3 only

C 2 and 3 only

D 1 only

E 1, 2 and 3

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