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ImageIt has generated nearly twice the benchmark index returns for various periods analysed (three months to five years) -- much higher than its peers. During the downturn of 2008, the fund lost 43 per cent of its net asset value (NAV) from January 2008 (market peak) till March 2009, compared to 34 per cent of the Crisil Balanced Fund Index and 51 per cent of the S&P CNX Nifty.

The fund's performance vis-a-vis its peers clearly stands out during the market recovery phase after March 2009.

Till date, the fund's NAV multiplied 2.5 times (122 per cent gain) from its lowest point in March 2009, while the benchmark index returned 52 per cent and the S&P CNX Nifty gained 77 per cent.

HDFC Prudence has termed out to be a quality fund over years investing in good quality business, remain diversified and staying clear of rich valued investments. Allocation to equity has been more than 70 per cent in debt; fund invests mainly in debentures of the financial sector.
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