Balanced Advantage funds in India
76 plans (38 Regular, 38 Direct), rated on their track record against their composite benchmark (50% Nifty 50 TRI + 50% bond funds) and their peers. Data as of 8 Nov 2026.
The fund decides how much equity to hold, buying more when markets are cheap and less when they are expensive. The test is whether it really falls less than the market, which is what we measure. SEBI requires balanced advantage funds to move between equity and debt as they see fit (dynamic asset allocation), often hedging part of their equity.
₹3.2 lakh
The difference, on ₹10 lakh invested three years ago, between the strongest balanced advantage fund (11.7% a year) and the weakest (2.6% a year). Same category, same SEBI rules, same market. 18 of 30 funds beat their composite benchmark (50% Nifty 50 TRI + 50% bond funds) over the same period.
Regular plans, to the latest NAV. Past returns, not a forecast.
Regular plans (38)
| Fund | Rating | 3Y return | 3Y vs index | Expense ratio | AUM |
|---|---|---|---|---|---|
| ICICI Prudential Balanced Advantage FundICICI Prudential Mutual Fund · 19.8 yrs | A+ | 11.3% | +2.7% | 1.52% | ₹71,892 cr |
| SBI Balanced Advantage FundSBI Mutual Fund · 5.2 yrs | A+ | 9.5% | +0.9% | 1.66% | ₹39,953 cr |
| Aditya Birla Sun Life Balanced Advantage FundAditya Birla Sun Life Mutual Fund · 12.1 yrs | A+ | 11.7% | +3.2% | 1.96% | ₹9,845 cr |
| Axis Balanced Advantage FundAxis Mutual Fund · 9.2 yrs | A+ | 11.6% | +3.0% | 2.18% | ₹3,639 cr |
| DSP Dynamic Asset Allocation FundDSP Mutual Fund · 12.7 yrs | A | 10.6% | +2.0% | 2.26% | ₹3,679 cr |
| Mirae Asset Balanced Advantage FundMirae Asset Mutual Fund · 4.2 yrs | A | 9.7% | +1.1% | 2.27% | ₹2,094 cr |
| Nippon India Balanced Advantage FundNippon India Mutual Fund · 20.6 yrs | A | 10.2% | +1.6% | 1.99% | ₹9,448 cr |
| WhiteOak Capital Balanced Advantage FundWhiteOak Capital Mutual Fund · 3.7 yrs | A | 10.8% | +2.3% | 2.23% | ₹2,238 cr |
| HDFC Balanced Advantage FundHDFC Mutual Fund · 20.6 yrs | A | 11.2% | +2.6% | 1.29% | ₹1,01,437 cr |
| Edelweiss Balanced Advantage FundEdelweiss Mutual Fund · 17.2 yrs | A | 10.5% | +1.9% | 1.91% | ₹12,895 cr |
| Baroda BNP Paribas Balanced Advantage FundBaroda BNP Paribas Mutual Fund · 8.0 yrs | B | 11.5% | +2.9% | 2.04% | ₹5,204 cr |
| HSBC Balanced Advantage FundHSBC Mutual Fund · 3.9 yrs | B | 8.5% | -0.1% | 2.47% | ₹1,439 cr |
| Kotak Balanced Advantage FundKotak Mahindra Mutual Fund · 8.2 yrs | B | 9.2% | +0.7% | 1.88% | ₹16,445 cr |
| BANDHAN Balanced Advantage FundBandhan Mutual Fund · 12.1 yrs | B | 9.3% | +0.7% | 2.29% | ₹2,212 cr |
| Franklin India Balanced Advantage FundFranklin Templeton Mutual Fund · 4.2 yrs | B | 8.3% | -0.3% | 2.22% | ₹2,617 cr |
| UTI - Unit Linked Insurance PlanUTI Mutual Fund · 20.6 yrs | B | 7.8% | -0.8% | 1.57% | ₹4,887 cr |
| Invesco India Balanced Advantage FundInvesco Mutual Fund · 19.1 yrs | B | 8.8% | +0.2% | 2.40% | ₹909 cr |
| Mahindra Manulife Balanced Advantage FundMahindra Manulife Mutual Fund · 4.8 yrs | B | 10.2% | +1.7% | 2.38% | ₹870 cr |
| UTI Balanced Advantage FundUTI Mutual Fund · 3.2 yrs | B | 8.6% | +0.0% | 1.99% | ₹2,870 cr |
| Bank Of India Balanced Advantage FundBank of India Mutual Fund · 12.6 yrs | B | 8.8% | +0.2% | 2.67% | ₹175 cr |
| Tata Balanced Advantage FundTata Mutual Fund · 7.8 yrs | C | 7.3% | -1.2% | 1.85% | ₹7,757 cr |
| NJ Balanced Advantage FundNJ Mutual Fund · 5.0 yrs | C | 6.8% | -1.8% | 2.40% | ₹3,195 cr |
| Union Balanced Advantage FundUnion Mutual Fund · 8.8 yrs | C | 8.0% | -0.6% | 2.50% | ₹1,135 cr |
| ITI Balanced Advantage FundITI Mutual Fund · 6.8 yrs | C | 6.8% | -1.8% | 3.22% | ₹301 cr |
| Sundaram Dynamic Asset Allocation Fund (Formerly Known as Sundaram Balanced Advantage Fund)Sundaram Mutual Fund · 4.8 yrs | C | 7.3% | -1.2% | 2.54% | ₹1,577 cr |
| quant Dynamic Asset Allocation Fundquant Mutual Fund · 3.6 yrs | C | 11.6% | +3.0% | 2.84% | ₹791 cr |
| LIC MF Balanced Advantage FundLIC Mutual Fund · 5.0 yrs | C | 7.1% | -1.4% | 2.91% | ₹635 cr |
| PGIM India Balanced Advantage FundPGIM India Mutual Fund · 5.7 yrs | C | 6.9% | -1.7% | 2.48% | ₹668 cr |
| Shriram Balanced Advantage FundShriram Mutual Fund · 7.3 yrs | C | 5.3% | -3.3% | 2.57% | ₹41 cr |
| Motilal Oswal Balanced Advantage FundMotilal Oswal Mutual Fund · 10.1 yrs | C | 2.6% | -6.0% | 2.77% | ₹704 cr |
| Bajaj Finserv Balanced Advantage FundBajaj Finserv Mutual Fund · 2.9 yrs | – | – | – | 2.63% | ₹1,192 cr |
| Canara Robeco Balanced Advantage FundCanara Robeco Mutual Fund · 2.3 yrs | – | – | – | 2.37% | ₹994 cr |
| Helios Balanced Advantage FundHelios Mutual Fund · 2.6 yrs | – | – | – | 2.81% | ₹265 cr |
| JioBlackRock Balanced Advantage FundJio BlackRock Mutual Fund · 0.1 yrs | – | – | – | 3.61% | ₹30 cr |
| Parag Parikh Dynamic Asset Allocation FundPPFAS Mutual Fund · 2.7 yrs | – | – | – | 0.75% | ₹2,442 cr |
| Samco Dynamic Asset Allocation FundSamco Mutual Fund · 2.8 yrs | – | – | – | 3.44% | ₹151 cr |
| The Wealth Company Balanced Advantage FundThe Wealth Company Mutual Fund · 0.7 yrs | – | – | – | 3.26% | ₹38 cr |
| Unifi Dynamic Asset Allocation FundUnifi Mutual Fund · 1.6 yrs | – | – | – | 1.99% | ₹1,535 cr |
Direct plans (38)
| Fund | Rating | 3Y return | 3Y vs index | Expense ratio | AUM |
|---|---|---|---|---|---|
| Mirae Asset Balanced Advantage FundMirae Asset Mutual Fund · 4.2 yrs | A+ | 11.2% | +2.4% | 0.96% | ₹2,094 cr |
| ICICI Prudential Balanced Advantage FundICICI Prudential Mutual Fund · 13.8 yrs | A+ | 11.9% | +3.2% | 1.01% | ₹71,892 cr |
| Aditya Birla Sun Life Balanced Advantage FundAditya Birla Sun Life Mutual Fund · 12.1 yrs | A+ | 13.0% | +4.2% | 0.90% | ₹9,845 cr |
| Axis Balanced Advantage FundAxis Mutual Fund · 9.2 yrs | A+ | 12.9% | +4.1% | 1.00% | ₹3,639 cr |
| SBI Balanced Advantage FundSBI Mutual Fund · 5.2 yrs | A | 10.4% | +1.6% | 0.88% | ₹39,953 cr |
| WhiteOak Capital Balanced Advantage FundWhiteOak Capital Mutual Fund · 3.7 yrs | A | 12.5% | +3.8% | 0.82% | ₹2,238 cr |
| DSP Dynamic Asset Allocation FundDSP Mutual Fund · 12.7 yrs | A | 11.9% | +3.1% | 1.05% | ₹3,679 cr |
| Nippon India Balanced Advantage FundNippon India Mutual Fund · 13.8 yrs | A | 11.4% | +2.7% | 0.89% | ₹9,448 cr |
| Franklin India Balanced Advantage FundFranklin Templeton Mutual Fund · 4.2 yrs | A | 9.9% | +1.1% | 0.80% | ₹2,617 cr |
| Edelweiss Balanced Advantage FundEdelweiss Mutual Fund · 13.8 yrs | A | 11.8% | +3.0% | 0.81% | ₹12,895 cr |
| HSBC Balanced Advantage FundHSBC Mutual Fund · 3.9 yrs | B | 9.9% | +1.1% | 1.15% | ₹1,439 cr |
| Kotak Balanced Advantage FundKotak Mahindra Mutual Fund · 8.2 yrs | B | 10.4% | +1.7% | 0.80% | ₹16,445 cr |
| BANDHAN Balanced Advantage FundBandhan Mutual Fund · 12.1 yrs | B | 10.7% | +1.9% | 1.05% | ₹2,212 cr |
| Baroda BNP Paribas Balanced Advantage FundBaroda BNP Paribas Mutual Fund · 8.0 yrs | B | 12.8% | +4.0% | 0.90% | ₹5,204 cr |
| HDFC Balanced Advantage FundHDFC Mutual Fund · 13.8 yrs | B | 11.9% | +3.1% | 0.77% | ₹1,01,437 cr |
| Mahindra Manulife Balanced Advantage FundMahindra Manulife Mutual Fund · 4.8 yrs | B | 12.1% | +3.3% | 0.84% | ₹870 cr |
| Invesco India Balanced Advantage FundInvesco Mutual Fund · 13.8 yrs | B | 10.2% | +1.4% | 1.16% | ₹909 cr |
| UTI Balanced Advantage FundUTI Mutual Fund · 3.2 yrs | B | 10.1% | +1.3% | 0.89% | ₹2,870 cr |
| Tata Balanced Advantage FundTata Mutual Fund · 7.8 yrs | B | 8.7% | -0.0% | 0.68% | ₹7,757 cr |
| NJ Balanced Advantage FundNJ Mutual Fund · 5.0 yrs | B | 8.1% | -0.6% | 1.12% | ₹3,195 cr |
| ITI Balanced Advantage FundITI Mutual Fund · 6.8 yrs | B | 8.6% | -0.1% | 1.57% | ₹301 cr |
| UTI - Unit Linked Insurance PlanUTI Mutual Fund · 13.8 yrs | B | 8.5% | -0.3% | 1.09% | ₹4,887 cr |
| Sundaram Dynamic Asset Allocation Fund (Formerly Known as Sundaram Balanced Advantage Fund)Sundaram Mutual Fund · 4.8 yrs | C | 8.9% | +0.1% | 1.13% | ₹1,577 cr |
| Bank Of India Balanced Advantage FundBank of India Mutual Fund · 12.6 yrs | C | 10.0% | +1.2% | 1.39% | ₹175 cr |
| LIC MF Balanced Advantage FundLIC Mutual Fund · 5.0 yrs | C | 8.8% | +0.0% | 1.49% | ₹635 cr |
| Union Balanced Advantage FundUnion Mutual Fund · 8.8 yrs | C | 9.2% | +0.4% | 1.42% | ₹1,135 cr |
| quant Dynamic Asset Allocation Fundquant Mutual Fund · 3.6 yrs | C | 13.2% | +4.5% | 1.52% | ₹791 cr |
| PGIM India Balanced Advantage FundPGIM India Mutual Fund · 5.7 yrs | C | 8.7% | -0.1% | 0.88% | ₹668 cr |
| Shriram Balanced Advantage FundShriram Mutual Fund · 7.3 yrs | C | 7.2% | -1.6% | 0.90% | ₹41 cr |
| Motilal Oswal Balanced Advantage FundMotilal Oswal Mutual Fund · 10.1 yrs | C | 3.9% | -4.9% | 1.51% | ₹704 cr |
| Bajaj Finserv Balanced Advantage FundBajaj Finserv Mutual Fund · 2.9 yrs | – | – | – | 1.06% | ₹1,192 cr |
| Canara Robeco Balanced Advantage FundCanara Robeco Mutual Fund · 2.3 yrs | – | – | – | 1.02% | ₹994 cr |
| Helios Balanced Advantage FundHelios Mutual Fund · 2.6 yrs | – | – | – | 1.29% | ₹265 cr |
| JioBlackRock Balanced Advantage FundJio BlackRock Mutual Fund · 0.1 yrs | – | – | – | 2.10% | ₹30 cr |
| Parag Parikh Dynamic Asset Allocation FundPPFAS Mutual Fund · 2.7 yrs | – | – | – | 0.40% | ₹2,442 cr |
| Samco Dynamic Asset Allocation FundSamco Mutual Fund · 2.8 yrs | – | – | – | 1.97% | ₹151 cr |
| The Wealth Company Balanced Advantage FundThe Wealth Company Mutual Fund · 0.7 yrs | – | – | – | 1.23% | ₹38 cr |
| Unifi Dynamic Asset Allocation FundUnifi Mutual Fund · 1.6 yrs | – | – | – | 1.40% | ₹1,535 cr |
Common questions
What does a balanced advantage fund invest in?
SEBI requires balanced advantage funds to move between equity and debt as they see fit (dynamic asset allocation), often hedging part of their equity.
How many balanced advantage funds beat their index over 3 years?
18 of 30 balanced advantage funds (Regular plans with 3 years of history) beat their composite benchmark (50% Nifty 50 TRI + 50% bond funds) over the 3 years to 8 Nov 2026.
How are these funds rated?
Each fund is compared only with funds in its category and plan type, on its long-run return over the index, risk-adjusted return, consistency, cost and portfolio. The ratings describe the track record so far; our own backtest found they do not predict future returns.
Ratings describe past track records and are not a recommendation to buy or sell. Read the scheme documents before investing.