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The Indian market is expected to open flat-to-higher on Friday tracking muted trend seen in other Asian markets.

After a stunning rally in the global equity market over the past two days, stocks collectively took a breather ahead of the weekend. US Stocks traded range bound overnight weighed down by an abrupt halt to the rally in oil prices, which failed to hold on to the crucial $50 mark. The Dow Jones ended 23.22 points lower.

The most awaited speech since the US Federal Reserve's FOMC meeting way back in April, the Fed chief will speak at Massachusetts on Friday night as investors look on for clues to a rate hike.
Power Grid: The state-run company posted a 13.2 per cent jump in standalone net profit at Rs 1,599.05 crore for the March quarter on higher revenues from power transmission business.

Jet Airways: Jet Airways posted its first annual net profit after eight years and its fourth straight quarterly net profit helped by lower fuel expenses and its own cost control measures.

ONGC: Oil and Natural Gas Corporation's fourth quarter profit jumped 12% mainly on reversal of impairment loss as well as lower provisioning for dry wells.

Deepak Fertilisers: The company reported a 5 per cent decline in net profit at Rs 25.92 crore for the fourth quarter of 2015-16 financial year.

SBI - State Bank of India is going to post Q4 results today.
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Review of HDFC Balanced Fund
updated on 13 Sept 2017
Review of HDFC Balanced Fund
In an environment where broader market valuations are elevated and uncertainty on corporate earnings continues, financial planners believe investors looking for an exposure to equities would do well to opt for balanced funds. Balanced funds typically have two thirds of their portfolio in equities and the rest in fixed-income securities, which helps an investor maintain asset allocation. HDFC Balanced Fund, managed by Chirag Setalvad for the past decade, has been a consistent and steady performer, giving an annualised return of 15.59 per cent.

The fund maintains its equity allocation between 67-72 per cent and avoids taking any cash calls. The equity portion of the fund is dynamically managed with the fund manager increasing valuations to midcap stocks when valuations are appealing. For example, in 2014, when midcap valuations were low, the fund increased exposure to the segment to 25 per cent of the portfolio.

As valuations soared, midcap exposure was pruned with the fund exiting stocks like Century Plyboard, Supreme Industries and Cadilla Healthcare, and increasing allocation to large cap names, such as HDFC Ltd, HDFC Bank, HPCL and Reliance Industries. The debt portion is conservatively managed with exposure to government securities and high quality AA or AAA rated corporate paper.
The fund has been one of the best performers in its category beating its benchmark consistently over 1, 3, 5 and 10-year periods. Over the past year, the fund returned an annualized 15.05 per cent.