Mirae Asset Balanced Advantage Fund vs quant Dynamic Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Mirae Asset Balanced Advantage Fund and quant Dynamic Asset Allocation Fund are both Balanced Advantage funds. In the 3 years to 30-10-2026, Mirae Asset Balanced Advantage Fund (Direct) returned 10.1% a year and quant Dynamic Asset Allocation Fund (Direct) returned 12.8% a year. Mirae Asset Balanced Advantage Fund charges 0.99% a year and quant Dynamic Asset Allocation Fund 1.55% (Direct plans). Their portfolios overlap 5.4%: they hold 5 of the same securities.
Mirae Asset Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 10.1%
- Expense ratio
- 0.99%
- NAV
- ₹15.20
quant Dynamic Asset Allocation Fund
Balanced Advantage
- 3 year return
- 12.8%
- Expense ratio
- 1.55%
- NAV
- ₹16.50
Which is better, Mirae Asset Balanced Advantage or quant Dynamic Asset Allocation? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- quant Dynamic Asset Allocation returned more over 3 years: 12.8% a year against 10.1%.
- Mirae Asset Balanced Advantage returned more over 1 year: 0.7% against −5.8%.
- Mirae Asset Balanced Advantage costs less: 0.99% a year against 1.55% (Direct plans).
- Mirae Asset Balanced Advantage swung less over 3 years: a standard deviation of 7.6% a year against 14.0%.
- Mirae Asset Balanced Advantage fell less in its worst fall since 13-04-2023: −7.5% against −18.4%.
- Mirae Asset Balanced Advantage is the larger fund: ₹2,109 Cr against ₹810 Cr.
- Their portfolios overlap 5.4%: 5 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Mirae Asset Balanced Advantage Fund | quant Dynamic Asset Allocation Fund |
|---|---|---|
| Fund house | Mirae Asset Mutual Fund | quant Mutual Fund |
| Category | Balanced Advantage | Balanced Advantage |
| AUM | ₹2,109 Cr (30-09-2026) | ₹810 Cr (30-09-2026) |
| NAV | ₹15.20 (Direct) | ₹16.50 (Direct) |
| Expense ratio (Direct) | 0.99% | 1.55% |
| Expense ratio (Regular) | 2.29% | 3.01% |
| Riskometer | Very High | High |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | NIFTY 50 Hybrid Composite Debt 50:50 Index |
| Launch date | 11-08-2022 | 12-04-2023 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Harshad Borawake, Basant Bafna | Sandeep Tandon, Ankit Pande, Sameer Kate, Varun Pattani, Ayusha Kumbhat, Yug Tibrewal, Sanjeev Sharma |
| Exit load | Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 180 Days. | Exit load of 1%, if redeemed within 15 days. |
Mirae Asset Balanced Advantage vs quant Dynamic Asset Allocation: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Mirae Asset Balanced Advantage Fund (Direct) | −0.24% | −1.80% | +0.68% | +0.72% | +10.13% | -- | -- |
| quant Dynamic Asset Allocation Fund (Direct) | −1.60% | −4.36% | −1.99% | −5.79% | +12.82% | -- | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | -- | -- |
Category average: the average of the 38 Balanced Advantage funds, same plan type.
Mirae Asset Balanced Advantage vs quant Dynamic Asset Allocation: Year-wise Returns
| Year | Mirae Asset Balanced AdvantageMirae Asset Balanced Advantage | quant Dynamic Asset Allocationquant Dynamic Asset Allocation |
|---|---|---|
| 2026to date | −0.48% | −4.76% |
| 2025 | +10.10% | +5.25% |
| 2024 | +12.72% | +22.05% |
| 2023 | +19.85% | -- |
Mirae Asset Balanced Advantage vs quant Dynamic Asset Allocation: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 136 of them, one for each trading day from 13-04-2026 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Mirae Asset Balanced Advantage Fund (Direct)
quant Dynamic Asset Allocation Fund (Direct)
to
Apr 2026Jun 2023
to
Jun 2026Jul 2023
to
Jul 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Mirae Asset Balanced Advantage | 0.0 | 0.0 | 16.2 | 83.8 | 0.0 | 0.0 | 0.0 | 11.4% | 11.4% | 9.4% | 14.1% |
| quant Dynamic Asset Allocation | 0.0 | 0.0 | 0.0 | 29.4 | 67.6 | 2.9 | 0.0 | 16.3% | 16.0% | 11.6% | 20.2% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 13-04-2023. Past returns do not promise future returns.
Mirae Asset Balanced Advantage vs quant Dynamic Asset Allocation: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 03-04-2023 to 30-10-2026: 43 instalments, ₹4,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Mirae Asset Balanced AdvantageMirae Asset Balanced Advantage Fund (Direct) | ₹4,30,000 | ₹4,88,029 | ₹58,029 | 7.0% |
| quant Dynamic Asset Allocationquant Dynamic Asset Allocation Fund (Direct) | ₹4,30,000 | ₹4,74,049 | ₹44,049 | 5.4% |
Mirae Asset Balanced AdvantageMirae Asset Balanced Advantage Fund (Direct)
quant Dynamic Asset Allocationquant Dynamic Asset Allocation Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Mirae Asset Balanced Advantage vs quant Dynamic Asset Allocation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Mirae Asset Balanced Advantage Fund (Direct) | quant Dynamic Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.72% | −5.79% |
| Standard deviation | 8.03% | 13.13% |
| Sharpe ratio | -0.56 | -0.84 |
| Sortino ratio | -0.76 | -1.12 |
| Maximum drawdown | −7.1% (30-03-2026) | −13.2% (30-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Mirae Asset Balanced Advantage Fund (Direct) | quant Dynamic Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.13% | +12.82% |
| Standard deviation | 7.56% | 13.98% |
| Sharpe ratio | 0.54 | 0.49 |
| Sortino ratio | 0.75 | 0.67 |
| Maximum drawdown | −7.5% (28-02-2025) | −18.4% (04-03-2025) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Mirae Asset Balanced Advantage Fund (Direct) | quant Dynamic Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.40% | +15.12% |
| Standard deviation | 7.00% | 13.66% |
| Sharpe ratio | 0.61 | 0.66 |
| Sortino ratio | 0.84 | 0.91 |
| Maximum drawdown | −7.5% (28-02-2025) | −18.4% (04-03-2025) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 12-08-2022 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Mirae Asset Balanced Advantage Fund (Direct)
quant Dynamic Asset Allocation Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Mirae Asset Balanced Advantage Fund (Direct) | −7.5% | 26-09-2024 | 28-02-2025 | 12-05-2025 | 2 months | −3.0% |
| quant Dynamic Asset Allocation Fund (Direct) | −18.4% | 27-09-2024 | 04-03-2025 | Not yet | -- | −8.4% |
From daily values since 13-04-2023, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Mirae Asset Balanced Advantage Fund (Direct)
quant Dynamic Asset Allocation Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Mirae Asset Balanced Advantage Fund (Direct)
quant Dynamic Asset Allocation Fund (Direct)
Mirae Asset Balanced Advantage vs quant Dynamic Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Mirae Asset Balanced Advantage Fund, September 2026; quant Dynamic Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 5.4%
- Held by both
- 5
- Only in Mirae Asset Balanced Advantage
- 128
- Only in quant Dynamic Asset Allocation
- 19
| Security | % of Mirae Asset Balanced Advantage | % of quant Dynamic Asset Allocation |
|---|---|---|
| Bharti Airtel Ltd. | 2.82% | 9.59% |
| Reliance Industries Ltd. | 2.72% | 1.94% |
| Adani Enterprises Ltd. | 0.36% | 9.45% |
| Aurobindo Pharma Ltd. | 0.31% | 10.25% |
| Bharat Heavy Electricals Ltd. | 0.08% | 0.00% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 5.4% means 5.4% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Mirae Asset Balanced Advantage Fund
| Security | % of fund |
|---|---|
| HDFC Bank Ltd. | 4.70% |
| ICICI Bank Ltd. | 3.52% |
| 7.18% Government of India (MD 14/08/2033) | 3.34% |
| State Bank of India | 2.64% |
| 7.60% Torrent Pharmaceuticals Ltd. (MD 19/01/2029) | 2.34% |
Largest holdings only in quant Dynamic Asset Allocation Fund
| Security | % of fund |
|---|---|
| TREPS 01-Oct-2026 DEPO 10 | 20.54% |
| Adani Green Energy Limited | 9.50% |
| Indus Towers Limited | 9.21% |
| Bagmane Prime Office REIT | 8.70% |
| Ventive Hospitality Limited | 5.47% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Mirae Asset Balanced Advantage | quant Dynamic Asset Allocation |
|---|---|---|
| Equity | 66.2% | 59.5% |
| Debt | 29.4% | 28.3% |
| Cash and others | 4.5% | 12.2% |
Market cap of stocks
| Market cap | Mirae Asset Balanced Advantage | quant Dynamic Asset Allocation |
|---|---|---|
| Large Cap | 46.6% | 40.1% |
| Mid Cap | 7.6% | 13.1% |
| Small Cap | 9.2% | 6.3% |
| Not on AMFI's list | 2.8% | 0.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Mirae Asset Balanced Advantage | quant Dynamic Asset Allocation |
|---|---|---|
| N.A. | 0.0% | 59.5% |
| Banks | 14.3% | 0.0% |
| Pharmaceuticals & Biotechnology | 6.1% | 0.0% |
| Automobiles | 4.0% | 0.0% |
| Petroleum Products | 3.3% | 0.0% |
| Consumer Durables | 2.8% | 0.0% |
| Telecom - Services | 2.8% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Mirae Asset Balanced Advantage vs quant Dynamic Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Mirae Asset Balanced Advantage Fund | quant Dynamic Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.99% | 1.55% |
| Base expense ratio (Direct) | 0.65% | 0.77% |
| Total expense ratio (Regular) | 2.29% | 3.01% |
| Base expense ratio (Regular) | 1.75% | 2.01% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Mirae Asset Balanced Advantage with
Compare quant Dynamic Asset Allocation with
Mirae Asset Balanced Advantage Fund vs quant Dynamic Asset Allocation Fund: Frequently Asked Questions
What is the difference between Mirae Asset Balanced Advantage Fund and quant Dynamic Asset Allocation Fund?
Both are Balanced Advantage funds, run by Mirae Asset Mutual Fund and quant Mutual Fund. Their portfolios overlap 5.4%. Mirae Asset Balanced Advantage Fund charges 0.99% a year and quant Dynamic Asset Allocation Fund 1.55%.
Which has given higher returns, Mirae Asset Balanced Advantage Fund or quant Dynamic Asset Allocation Fund?
Over 1 year: Mirae Asset Balanced Advantage Fund +0.72%, quant Dynamic Asset Allocation Fund −5.79%. Over 3 years: Mirae Asset Balanced Advantage Fund +10.13% a year, quant Dynamic Asset Allocation Fund +12.82% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Mirae Asset Balanced Advantage Fund or quant Dynamic Asset Allocation Fund?
Mirae Asset Balanced Advantage Fund charges less: 0.99% a year against 1.55%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Mirae Asset Balanced Advantage Fund and quant Dynamic Asset Allocation Fund overlap?
5.4%. They hold 5 of the same securities, the largest shared ones being BHARTIARTL, RELIANCE, ADANIENT. From each fund's latest monthly portfolio.
Which is riskier, Mirae Asset Balanced Advantage Fund or quant Dynamic Asset Allocation Fund?
On SEBI's riskometer, Mirae Asset Balanced Advantage Fund is rated Very High and quant Dynamic Asset Allocation Fund High. Over 3 years, the standard deviation of daily returns was 7.56% and 13.98% a year.
Which is better for SIP, Mirae Asset Balanced Advantage Fund or quant Dynamic Asset Allocation Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,04,001 in Mirae Asset Balanced Advantage Fund (XIRR 5.7% a year) and ₹3,80,465 in quant Dynamic Asset Allocation Fund (XIRR 1.8% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Mirae Asset Balanced Advantage Fund and quant Dynamic Asset Allocation Fund?
Yes. 5.4% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages Mirae Asset Balanced Advantage Fund and quant Dynamic Asset Allocation Fund?
Mirae Asset Balanced Advantage Fund: Harshad Borawake, Basant Bafna. quant Dynamic Asset Allocation Fund: Sandeep Tandon, Ankit Pande, Sameer Kate, Varun Pattani, Ayusha Kumbhat, Yug Tibrewal, Sanjeev Sharma.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
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.