Top Balanced Advantage Mutual Funds (2026)
Ranked by 3 year return, Direct plans, as on the latest NAV · AUM as on 30-09-2026
There are 37 Balanced Advantage mutual funds. Their average 3 year return is 9.1% a year, and −2.1% over the last year. The highest 3 year returns: quant Dynamic Asset Allocation Fund 12.8%, Aditya Birla Sun Life Balanced Advantage Fund 11.6%, Baroda BNP Paribas Balanced Advantage Fund 11.5%.
- Total AUM
- ₹3,17,594 Cr
- As on 30-09-2026
- Funds
- 37
- From 36 fund houses
- Expense ratio
- 0.41% to 1.95%
- Direct plans, lowest to highest
- Average 3Y return
- 9.1%
- A year, Direct plans
All Balanced Advantage Funds
Ranked by 3 year return, highest first
Ranked by 3 year return, highest first
| Exit load | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| quant Dynamic Asset Allocation Fund | 1 | 810 | −5.79% | +12.82% | -- | -- | High | 1.55% | 1% within 15 days | 13.98% |
| Aditya Birla Sun Life Balanced Advantage Fund | 2 | 9,836 | +2.18% | +11.60% | +9.68% | +10.59% | Very High | 0.89% | 0.25% within 7 days | 8.29% |
| Baroda BNP Paribas Balanced Advantage Fund | 3 | 5,162 | −0.62% | +11.52% | +9.96% | -- | -- | 0.92% | -- | 10.54% |
| Axis Balanced Advantage Fund | 4 | 3,651 | −1.41% | +11.50% | +9.11% | -- | Very High | 1.00% | 1% within 12 months | 8.03% |
| WhiteOak Capital Balanced Advantage Fund | 5 | 2,256 | −0.57% | +11.37% | -- | -- | Very High | 0.84% | None | 8.34% |
| Mahindra Manulife Balanced Advantage Fund | 6 | 879 | −0.70% | +10.92% | -- | -- | Very High | 0.85% | 1% within 3 months | 10.11% |
| Edelweiss Balanced Advantage Fund | 7 | 12,880 | +0.50% | +10.56% | +8.93% | +11.84% | Very High | 0.81% | 1% within 90 days | 9.18% |
| ICICI Prudential Balanced Advantage Fund | 8 | 71,913 | +0.30% | +10.55% | +9.90% | +10.97% | -- | 1.03% | 1% within 1 year | 7.14% |
| HDFC Balanced Advantage Fund | 9 | 1,02,534 | −5.25% | +10.53% | +13.03% | +13.61% | Very High | 0.77% | 1% within 1 year | 9.77% |
| DSP Dynamic Asset Allocation Fund | 10 | 3,704 | +0.25% | +10.26% | +8.33% | +9.16% | Very High | 1.04% | 1% within 1 month | 5.81% |
| Mirae Asset Balanced Advantage Fund | 11 | 2,109 | +0.72% | +10.13% | -- | -- | Very High | 0.99% | 1% within 6 months | 7.56% |
| Nippon India Balanced Advantage Fund | 12 | 9,532 | −1.36% | +10.07% | +9.08% | +10.59% | -- | 0.89% | -- | 7.99% |
| Bandhan Balanced Advantage Fund | 13 | 2,286 | +0.64% | +9.42% | +7.66% | +9.67% | Very High | 1.07% | 0.5% within 90 days | 7.46% |
| SBI Balanced Advantage Fund | 14 | 40,545 | −3.13% | +9.33% | +9.41% | -- | High | 0.86% | 1% within 1 year | 6.81% |
| Bank of India Balanced Advantage Fund | 15 | 174 | −0.59% | +9.20% | +9.89% | +7.30% | Very High | 1.39% | 1% within 3 months | 9.77% |
| Kotak Balanced Advantage Fund | 16 | 16,618 | −1.56% | +9.18% | +8.44% | -- | Very High | 0.82% | 1% within 180 days | 7.95% |
| Invesco India Balanced Advantage Fund | 17 | 903 | −4.00% | +9.18% | +8.52% | +9.78% | Very High | 1.19% | 0.25% within 3 months | 8.37% |
| HSBC Balanced Advantage Fund | 18 | 1,474 | −1.58% | +9.10% | -- | -- | Very High | 1.16% | 1% within 1 year | 7.08% |
| Franklin India Balanced Advantage Fund | 19 | 2,687 | −4.37% | +8.90% | -- | -- | -- | 0.80% | 1% within 1 year | 7.33% |
| UTI Balanced Advantage Fund | 20 | 2,856 | −4.25% | +8.50% | -- | -- | Very High | 0.91% | 1% within 90 days | 7.71% |
| UTI - Unit Linked Insurance Plan | 21 | 4,930 | −0.53% | +7.84% | +5.73% | +7.58% | High | 1.11% | Varies | 5.63% |
| Sundaram Dynamic Asset Allocation Fund | 22 | 1,596 | −4.99% | +7.83% | -- | -- | High | 1.12% | 1% within 365 days | 8.40% |
| Union Balanced Advantage Fund | 23 | 1,158 | −3.39% | +7.80% | +6.95% | -- | Very High | 1.47% | 1% within 15 days | 8.65% |
| ITI Balanced Advantage Fund | 24 | 320 | −6.88% | +7.67% | +6.17% | -- | Very High | 1.59% | 0.5% within 3 months | 9.32% |
| NJ Balanced Advantage Fund | 25 | -- | −1.53% | +7.67% | -- | -- | Very High | 1.10% | None | 8.26% |
| LIC MF Balanced Advantage Fund | 26 | 653 | −3.59% | +7.58% | -- | -- | Very High | 1.44% | Varies | 8.87% |
| Tata Balanced Advantage Fund | 27 | 8,005 | −4.29% | +7.38% | +7.88% | -- | Very High | 0.69% | 0.5% within 30 days | 7.55% |
| PGIM India Balanced Advantage Fund | 28 | 681 | −6.19% | +7.11% | +6.77% | -- | Very High | 0.90% | 0.5% within 90 days | 9.20% |
| Shriram Balanced Advantage Fund | 29 | 41 | −4.97% | +6.02% | +6.03% | -- | Very High | 0.90% | 1% within 90 days | 10.03% |
| Motilal Oswal Balanced Advantage Fund | 30 | 712 | −4.37% | +2.71% | +5.58% | +7.96% | Very High | 1.55% | 1% within 365 days | 12.29% |
| Parag Parikh Dynamic Asset Allocation Fund | -- | 2,533 | +1.10% | -- | -- | -- | Moderately High | 0.41% | 1% within 1 year | -- |
| Unifi Dynamic Asset Allocation Fund | -- | 1,478 | +8.40% | -- | -- | -- | Moderately High | 1.40% | 1.5% within 12 months | -- |
| Bajaj Finserv Balanced Advantage Fund | -- | 1,207 | −1.78% | -- | -- | -- | Very High | 1.05% | 1% within 3 months | -- |
| Canara Robeco Balanced Advantage Fund | -- | 1,007 | −5.03% | -- | -- | -- | Very High | 1.04% | 1% within 365 days | -- |
| Helios Balanced Advantage Fund | -- | 265 | −2.17% | -- | -- | -- | Very High | 1.32% | None | -- |
| Samco Dynamic Asset Allocation Fund | -- | 157 | −4.06% | -- | -- | -- | Very High | 1.95% | 1% within 12 months | -- |
| The Wealth Company Balanced Advantage Fund | -- | 43 | -- | -- | -- | -- | Very High | 1.26% | 1% within 180 days | -- |
Returns of each fund's Direct plan (its only plan where it has one), as on the latest NAV. 3, 5 and 10 year figures are a rate a year. Std dev: how much the daily returns swung over 3 years, as a yearly figure; lower is steadier. Riskometer and exit load from the fund's scheme summary document; "Varies" means the load changes with how long you hold, and the fund page has the full wording. Expense ratio: Direct plan, from AMFI. AUM at the end of the fund's last reported month. A fund younger than 3 years has no rank and is listed after the ranked ones.
Stocks Balanced Advantage Funds Bought and Sold in September 2026
What the 5 largest Balanced Advantage funds changed in their September 2026 portfolios, against the month before
Bought
| Stock | New in | Added by |
|---|---|---|
| Shriram Finance Ltd.ICICI Prudential Balanced Advantage, Kotak Balanced Advantage, Edelweiss Balanced Advantage | -- | 3 funds |
| Swiggy Ltd.SBI Balanced Advantage, Kotak Balanced Advantage | 2 funds | -- |
| National Stock Exchange of India Ltd.ICICI Prudential Balanced Advantage, Edelweiss Balanced Advantage | 2 funds | -- |
| Life Insurance Corporation of IndiaICICI Prudential Balanced Advantage, Edelweiss Balanced Advantage | 1 fund | 1 fund |
| TML Commercial Vehicles Ltd.ICICI Prudential Balanced Advantage, Kotak Balanced Advantage | 1 fund | 1 fund |
| Bajaj Finserv Ltd.ICICI Prudential Balanced Advantage, Kotak Balanced Advantage | 1 fund | 1 fund |
| ICICI Bank Ltd.ICICI Prudential Balanced Advantage, Kotak Balanced Advantage | -- | 2 funds |
| HDFC BANK LTD.Kotak Balanced Advantage, Edelweiss Balanced Advantage | -- | 2 funds |
| RELIANCE INDUSTRIES LTD.Kotak Balanced Advantage, Edelweiss Balanced Advantage | -- | 2 funds |
| Bharti Airtel Ltd.HDFC Balanced Advantage, ICICI Prudential Balanced Advantage | -- | 2 funds |
Sold
| Stock | Exited by | Reduced by |
|---|---|---|
| DLF Ltd.SBI Balanced Advantage, Kotak Balanced Advantage | 1 fund | 1 fund |
| Oil & Natural Gas Corporation Ltd.ICICI Prudential Balanced Advantage, Kotak Balanced Advantage | 1 fund | 1 fund |
| PHOENIX MILLS LTD.Kotak Balanced Advantage, Edelweiss Balanced Advantage | 1 fund | 1 fund |
| Fortis Healthcare LimitedHDFC Balanced Advantage, Kotak Balanced Advantage | 1 fund | 1 fund |
| Multi Commodity Exchange Of India Ltd.ICICI Prudential Balanced Advantage, Edelweiss Balanced Advantage | -- | 2 funds |
| Sun Pharmaceutical Industries Ltd.Kotak Balanced Advantage, Edelweiss Balanced Advantage | -- | 2 funds |
| Adani Ports and Special Economic Zone Ltd.ICICI Prudential Balanced Advantage, Kotak Balanced Advantage | -- | 2 funds |
| Power Grid Corporation of India Ltd.SBI Balanced Advantage, Kotak Balanced Advantage | -- | 2 funds |
| Hindalco Industries Ltd.Kotak Balanced Advantage, Edelweiss Balanced Advantage | -- | 2 funds |
| Persistent Systems LimitedKotak Balanced Advantage, Edelweiss Balanced Advantage | -- | 2 funds |
From each fund's own monthly portfolio, stocks only. "New in" means the fund did not hold the stock the month before; "Exited by" means it sold all of it. Added and reduced count shares held, so a price move alone is not a change. Funds counted: HDFC Balanced Advantage Fund, ICICI Prudential Balanced Advantage Fund, SBI Balanced Advantage Fund, Kotak Balanced Advantage Fund, Edelweiss Balanced Advantage Fund.
Compare Balanced Advantage Funds
The largest funds of the category, side by side
- HDFC Balanced Advantage vs ICICI Prudential Balanced Advantage
- HDFC Balanced Advantage vs SBI Balanced Advantage
- HDFC Balanced Advantage vs Kotak Balanced Advantage
- ICICI Prudential Balanced Advantage vs SBI Balanced Advantage
- ICICI Prudential Balanced Advantage vs Kotak Balanced Advantage
- SBI Balanced Advantage vs Kotak Balanced Advantage
How Balanced Advantage Funds Are Taxed
It depends on what each fund holds
| What the fund holds | Tax on the gain |
|---|---|
| 65% or more in Indian stocks | 20% within 1 year. After that, 12.5% of gains above ₹1.25 lakh a financial year |
| 65% or more in debt | Your slab rate, however long you hold the units |
| Any other mix | Your slab rate within 2 years. 12.5% after |
- IDCW (dividend) payouts are added to your income and taxed at your slab rate.
- A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
What Is a Balanced Advantage Fund?
Moves money between stocks and debt as the fund manager sees the market; the share in each is not fixed. This is the rule SEBI sets for every fund in the category, so their portfolios can be compared.
Other hybrid categories: Aggressive Hybrid · Multi Asset · Equity Savings · Arbitrage · Conservative Hybrid
Balanced Advantage Funds: Frequently Asked Questions
Which are the top Balanced Advantage mutual funds?
By 3 year return, the top Balanced Advantage funds are 1. quant Dynamic Asset Allocation Fund (12.8% a year), 2. Aditya Birla Sun Life Balanced Advantage Fund (11.6% a year), 3. Baroda BNP Paribas Balanced Advantage Fund (11.5% a year), 4. Axis Balanced Advantage Fund (11.5% a year), 5. WhiteOak Capital Balanced Advantage Fund (11.4% a year). Past returns do not promise future returns, so also look at costs, risk and how long each fund has done well.
How many Balanced Advantage funds are there?
37 Balanced Advantage funds are open for investment, from 36 fund houses.
What is a Balanced Advantage fund?
Moves money between stocks and debt as the fund manager sees the market; the share in each is not fixed.
What is the average return of Balanced Advantage funds?
1 year: -2.1%, 3 years: 9.1% a year, 5 years: 8.4% a year. The simple average of every Balanced Advantage fund's Direct plan.
Which Balanced Advantage fund has the lowest expense ratio?
Parag Parikh Dynamic Asset Allocation Fund, at 0.41% a year (Direct plan), as reported to AMFI.
Which is the largest Balanced Advantage fund?
HDFC Balanced Advantage Fund, with ₹1,02,534 Cr of investors' money on 30-09-2026.
How are Balanced Advantage funds taxed?
It depends on what each fund holds: 65% or more in Indian stocks is taxed as an equity fund, 65% or more in debt at your slab rate.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.