Mutual funds › Balanced Advantage › Top-ratedTop-rated balanced advantage funds: November 2026
The 11 balanced advantage schemes rated A+ or A on their track record this month, out of 30 rated Regular plans: why each one rates well, what changed since last month, and how much they overlap. Data as of 11 Nov 2026.
Each fund is compared only with other balanced advantage funds of the same plan type: return over 50% Nifty 50 TRI + 50% bond funds, how consistently it was earned, risk, cost and portfolio. How the ratings work .
ICICI Prudential Mutual Fund · AUM ₹71,892 cr · 13.9 years Regular A+ · #1 of 30 · expense ratio 1.52% · Direct A+ · #2 of 30 · expense ratio 1.01%
Returned 11.7% a year over 3 years (Regular plan), +2.9% a year against 50% Nifty 50 TRI + 50% bond funds; the median fund: +0.5%. Ahead of 50% Nifty 50 TRI + 50% bond funds in 100% of rolling 3-year periods (median fund: 83%). In falling months it fell 87% as much as the index (median fund: 121%). Its deepest fall in the last 3 years was 8.3% (median fund: 10.1%). SBI Mutual Fund · AUM ₹39,953 cr · 5.2 years Regular A+ · #2 of 30 · expense ratio 1.66% · Direct A · #5 of 30 · expense ratio 0.88%
Returned 9.8% a year over 3 years (Regular plan), +1.0% a year against 50% Nifty 50 TRI + 50% bond funds; the median fund: +0.5%. In falling months it fell 96% as much as the index (median fund: 121%). Its deepest fall in the last 3 years was 7.6% (median fund: 10.1%). Aditya Birla Sun Life Mutual Fund · AUM ₹9,845 cr · 12.1 years Regular A+ · #3 of 30 · expense ratio 1.96% · Direct A+ · #3 of 30 · expense ratio 0.90%
Returned 12.0% a year over 3 years (Regular plan), +3.2% a year against 50% Nifty 50 TRI + 50% bond funds; the median fund: +0.5%. Ahead of 50% Nifty 50 TRI + 50% bond funds in 100% of rolling 3-year periods (median fund: 83%). In falling months it fell 105% as much as the index (median fund: 121%). Its deepest fall in the last 3 years was 9.1% (median fund: 10.1%). Mirae Asset Mutual Fund · AUM ₹2,094 cr · 4.2 years Regular A · #6 of 30 · expense ratio 2.27% · Direct A+ · #1 of 30 · expense ratio 0.96%
Returned 10.0% a year over 3 years (Regular plan), +1.3% a year against 50% Nifty 50 TRI + 50% bond funds; the median fund: +0.5%. In falling months it fell 103% as much as the index (median fund: 121%). Its deepest fall in the last 3 years was 8.1% (median fund: 10.1%). A short record: 4.2 years. Ratings on short records change more.
Axis Mutual Fund · AUM ₹3,639 cr · 9.3 years Regular A+ · #4 of 30 · expense ratio 2.18% · Direct A+ · #3 of 30 · expense ratio 1.00%
Returned 11.8% a year over 3 years (Regular plan), +3.1% a year against 50% Nifty 50 TRI + 50% bond funds; the median fund: +0.5%. Ahead of 50% Nifty 50 TRI + 50% bond funds in 97% of rolling 3-year periods (median fund: 83%). In falling months it fell 115% as much as the index (median fund: 121%). Its deepest fall in the last 3 years was 8.1% (median fund: 10.1%). DSP Mutual Fund · AUM ₹3,679 cr · 12.8 years Regular A · #5 of 30 · expense ratio 2.26% · Direct A · #7 of 30 · expense ratio 1.05%
Returned 10.8% a year over 3 years (Regular plan), +2.1% a year against 50% Nifty 50 TRI + 50% bond funds; the median fund: +0.5%. Ahead of 50% Nifty 50 TRI + 50% bond funds in 71% of rolling 3-year periods (median fund: 83%). In falling months it fell 73% as much as the index (median fund: 121%). Its deepest fall in the last 3 years was 5.8% (median fund: 10.1%). WhiteOak Capital Mutual Fund · AUM ₹2,238 cr · 3.7 years Regular A · #8 of 30 · expense ratio 2.23% · Direct A · #6 of 30 · expense ratio 0.82%
Returned 11.1% a year over 3 years (Regular plan), +2.3% a year against 50% Nifty 50 TRI + 50% bond funds; the median fund: +0.5%. In falling months it fell 120% as much as the index (median fund: 121%). Its deepest fall in the last 3 years was 10.0% (median fund: 10.1%). A short record: 3.7 years. Ratings on short records change more.
Nippon India Mutual Fund · AUM ₹9,448 cr · 13.9 years Regular A · #7 of 30 · expense ratio 1.99% · Direct A · #8 of 30 · expense ratio 0.89%
Returned 10.4% a year over 3 years (Regular plan), +1.7% a year against 50% Nifty 50 TRI + 50% bond funds; the median fund: +0.5%. Ahead of 50% Nifty 50 TRI + 50% bond funds in 100% of rolling 3-year periods (median fund: 83%). In falling months it fell 117% as much as the index (median fund: 121%). Its deepest fall in the last 3 years was 9.0% (median fund: 10.1%). Franklin Templeton Mutual Fund · AUM ₹2,617 cr · 4.2 years Regular B · #15 of 30 · expense ratio 2.22% · Direct A · #9 of 30 · expense ratio 0.80%
Returned 10.3% a year over 3 years (Direct plan), +1.4% a year against 50% Nifty 50 TRI + 50% bond funds; the median fund: +0.5%. In falling months it fell 102% as much as the index (median fund: 121%). Its deepest fall in the last 3 years was 8.1% (median fund: 10.1%). A short record: 4.2 years. Ratings on short records change more.
HDFC Mutual Fund · AUM ₹1,01,437 cr · 13.9 years Regular A · #9 of 30 · expense ratio 1.29% · Direct B · #15 of 30 · expense ratio 0.77%
Returned 11.5% a year over 3 years (Regular plan), +2.7% a year against 50% Nifty 50 TRI + 50% bond funds; the median fund: +0.5%. Ahead of 50% Nifty 50 TRI + 50% bond funds in 100% of rolling 3-year periods (median fund: 83%). In falling months it fell 136% as much as the index (median fund: 121%). Its deepest fall in the last 3 years was 10.3% (median fund: 10.1%). Edelweiss Mutual Fund · AUM ₹12,895 cr · 13.8 years Regular A · #10 of 30 · expense ratio 1.91% · Direct A · #10 of 30 · expense ratio 0.81%
Returned 10.9% a year over 3 years (Regular plan), +2.1% a year against 50% Nifty 50 TRI + 50% bond funds; the median fund: +0.5%. Ahead of 50% Nifty 50 TRI + 50% bond funds in 100% of rolling 3-year periods (median fund: 83%). In falling months it fell 122% as much as the index (median fund: 121%). Its deepest fall in the last 3 years was 11.5% (median fund: 10.1%). No fund joined or left the shortlist since last month.
Holding two of them? Check the overlap The share of their portfolios two funds hold in common (portfolios of October 2026). Above about half, two funds are close to one bet.
Funds Overlap DSP Dynamic Asset Allocation Fund + Nippon India Balanced Advantage Fund 38% SBI Balanced Advantage Fund + DSP Dynamic Asset Allocation Fund 28% SBI Balanced Advantage Fund + Nippon India Balanced Advantage Fund 26%
Check the overlap of your own funds
Which of these suits you? That depends on your goal, your other funds and how much overlap you hold. Tell us what you have and we'll look at it with you.
Ask us on WhatsApp All 76 balanced advantage plans, with every rating · Other categories
Common questions Which balanced advantage funds are rated A+ in November 2026? Among Regular plans: ICICI Prudential Balanced Advantage Fund, SBI Balanced Advantage Fund, Aditya Birla Sun Life Balanced Advantage Fund, Axis Balanced Advantage Fund. 11 schemes are rated A+ or A in at least one plan. Ratings compare each fund with its own category and plan type, on its record against 50% Nifty 50 TRI + 50% bond funds.
Is the top-rated balanced advantage fund the best one to invest in? Not necessarily. The rating describes the track record so far: return over the index, how consistently it was earned, risk, cost and portfolio. Our own backtest found that top ratings did not reliably predict the next three years. Use the shortlist to avoid weak records, then choose for your goal, the funds you already hold, and how much overlap you can accept.
Direct plan or Regular plan? The same portfolio. A Direct plan has no distributor commission, so its expense ratio is lower and its return slightly higher. A Regular plan pays a distributor such as us, through the expense ratio, for advice and service. Plans are rated separately: Regular against Regular, Direct against Direct.
How often does this list change? Returns update every weekday, but ratings change twice a month: on the 11th and the 16th, after fund houses publish their monthly portfolios.
Ratings describe past track records and are not a recommendation to buy or sell, or a forecast. Mutual fund investments are subject to market risks; read the scheme documents before investing.