SEBI sub-category

Balanced Advantage Fund funds

Funds

Direct plans only

Category 1Y avg

+1.40%

Category 5Y CAGR

+9.84%

Direct vs Regular

Direct Regular

5-Year return distribution

How the 36 Balanced Advantage Fund funds spread across return buckets. Taller bars = more funds in that band.

Risk vs Return — Balanced Advantage Fund

Each dot is a fund. Up-and-left = high return for low risk (the sweet spot). Down-and-right = under-performing with high volatility. Colour = 5-year peer quartile.

Q1 (top 25%) Q2 Q3 Q4 (bottom 25%) 18 funds plotted

All Balanced Advantage Fund funds

Sort by: 1Y 3Y 5Y 7Y 10Y

#	Scheme	NAV	1Y	3Y	5Y	7Y	10Y	Peer Q (5Y)	Sharpe	Max DD
1	HDFC Balanced Advantage Fund - Growth Plan - Direct Plan HDFC	550.20	-0.95%	+14.61%	+15.19%	+14.34%	+15.01%	Q1	0.79	-10.2%
2	Baroda BNP Paribas Balanced Advantage Fund-Direct Plan-Growth Option Baroda BNP Paribas	27.66	+5.45%	+13.77%	+12.45%	+14.30%	—	Q1	0.68	-11.5%
3	Axis Balanced Advantage Fund - Direct Plan - Growth Axis	23.43	+1.30%	+12.80%	+11.02%	+10.76%	—	Q1	0.77	-7.8%
4	ICICI Prudential Balanced Advantage Fund - Direct Plan - Growth ICICI Prudential	84.33	+3.99%	+11.83%	+10.93%	+11.64%	+11.71%	Q1	0.78	-8.2%
5	BANK OF INDIA BALANCED ADVANTAGE FUND DIRECT PLAN GROWTH Bank of India	27.82	+5.51%	+10.66%	+10.89%	+8.67%	+7.89%	Q2	0.48	-12.8%
6	Aditya Birla Sun Life Balanced Advantage Fund - Direct Plan - Growth Option Aditya Birla Sun Life	124.34	+4.76%	+12.37%	+10.74%	+11.77%	+11.84%	Q2	0.75	-8.7%
7	Edelweiss Balanced Advantage Fund -Direct Plan-Growth Option Edelweiss	58.81	+3.65%	+11.56%	+10.56%	+12.94%	+12.05%	Q2	0.54	-11.1%
8	Nippon India Balanced Advantage Fund - Direct Plan Growth Plan - Growth Option Nippon India	202.08	+2.66%	+11.64%	+10.42%	+11.03%	+11.85%	Q2	0.67	-8.6%
9	Tata Balanced Advantage Fund-Direct Plan-Growth Tata	22.85	+2.49%	+9.98%	+10.10%	+11.55%	—	Q2	0.45	-8.4%
10	Kotak Balanced Advantage Fund - Direct Plan -Growth Option Kotak	22.33	+1.16%	+10.28%	+9.68%	+10.96%	—	Q3	0.46	-9.1%
11	Invesco India Balanced Advantage Fund - Direct Plan - Growth Invesco	61.19	-1.96%	+10.21%	+9.27%	+9.62%	+10.43%	Q3	0.44	-10.5%
12	DSP Dynamic Asset Allocation Fund - Direct Plan - Growth DSP	32.27	+3.11%	+11.46%	+9.16%	+10.43%	+10.05%	Q3	0.78	-5.5%
13	BANDHAN Balanced Advantage Fund Direct Plan Growth Bandhan	28.48	+3.29%	+10.39%	+9.07%	+10.22%	+9.93%	Q3	0.51	-8.3%
14	ITI Balanced Advantage Fund - Direct Plan - Growth Option ITI	15.84	+0.02%	+10.50%	+8.73%	—	—	Q4	0.51	-8.7%
15	PGIM India Balanced Advantage Fund - Direct Plan - Growth Option PGIM India	16.04	-1.66%	+8.31%	+8.41%	—	—	Q4	0.23	-10.7%
16	Union Balanced Advantage Fund - Direct Plan - Growth Option Union	21.46	+0.33%	+8.67%	+7.92%	+10.15%	—	Q4	0.28	-8.9%
17	Shriram Balanced Advantage Fund - Direct Growth Shriram	18.35	-1.44%	+7.71%	+7.32%	+9.03%	—	Q4	0.15	-13.7%
18	Motilal Oswal Balanced Advantage Fund (MOFDYNAMIC) - Direct Plan - Growth Option Motilal Oswal	20.27	-3.23%	+6.15%	+5.32%	+6.76%	—	Q4	0.04	-26.5%
19	Bajaj Finserv Balanced Advantage Fund-Direct Plan-Growth Bajaj Finserv	11.59	+1.27%	—	—	—	—	—	—	—
20	Canara Robeco Balanced Advantage Fund - Direct Plan - Growth Option Canara Robeco	10.17	-1.17%	—	—	—	—	—	—	—
21	Franklin India Balanced Advantage Fund- Growth- Direct Franklin India	14.87	-0.23%	+11.69%	—	—	—	—	0.68	-8.1%
22	Helios Balanced Advantage Fund- Direct Plan- Growth Option Helios	11.54	+2.94%	—	—	—	—	—	—	—
23	HSBC Balanced Advantage Fund - Direct Growth HSBC	49.93	+0.93%	+10.41%	—	—	—	—	0.53	-8.7%
24	LIC MF Balanced Advantage Fund-Direct Plan-Growth LIC	14.06	-3.81%	+7.91%	—	—	—	—	0.18	-9.4%
25	Mahindra Manulife Balanced Advantage Fund - Direct Plan - Growth Mahindra Manulife	15.41	+1.72%	+12.78%	—	—	—	—	0.57	-9.8%
26	Mirae Asset Balanced Advantage Fund Direct Plan- Growth Mirae Asset	15.00	+3.48%	+11.59%	—	—	—	—	0.61	-7.5%
27	NJ Balanced Advantage Fund - Direct Plan - Growth Option NJ	13.98	-0.07%	+9.89%	—	—	—	—	0.39	-14.7%
28	Parag Parikh Dynamic Asset Allocation Fund - Direct Plan Growth Parag Parikh	11.63	+2.74%	—	—	—	—	—	—	—
29	quant Dynamic Asset Allocation Fund - Growth Option - Direct Plan Quant	17.23	+1.21%	+19.40%	—	—	—	—	0.80	-18.4%
30	Samco Dynamic Asset Allocation Fund - Direct Plan - Growth Option Samco	10.69	+1.71%	—	—	—	—	—	—	—
31	SBI Balanced Advantage Fund - Direct Plan - Growth SBI	16.33	+3.17%	+11.85%	—	—	—	—	0.72	-7.4%
32	Sundaram Balanced Advantage Fund ( Formerly Known as Principal Balanced Advantage Fund) - Direct Plan - Growth Option Sundaram	40.40	-0.81%	+9.55%	—	—	—	—	0.38	-9.7%
33	The Wealth Company Balanced Advantage Fund - Direct Growth —	9.85	—	—	—	—	—	—	—	—
34	Unifi Dynamic Asset Allocation Fund - Direct Growth —	10.97	+7.38%	—	—	—	—	—	—	—
35	UTI Balanced Advantage Fund - Direct Plan - Growth Option UTI	12.60	-1.32%	—	—	—	—	—	—	—
36	WhiteOak Capital Balanced Advantage Fund Direct Plan Growth WhiteOak Capital	14.86	+1.49%	+12.23%	—	—	—	—	0.62	-9.6%

Direct plans typically outperform Regular plans by around 50 basis points per year because they carry no distributor commission. The "Peer Q (5Y)" column shows the fund's quartile within this category over the 5-year window: Q1 = top 25%.

Frequently asked questions

Generated from this category's live aggregates — average returns, fund counts, quartile spreads. Updated daily.

Hybrid funds blend equity and debt. Subcategories range from Aggressive (65-80% equity) to Conservative (10-25% equity). One fund, automatic rebalancing — useful for investors who don't want to manage equity:debt allocation manually.

We currently track 36 active Balanced Advantage Fund schemes (Direct plan, Growth option). The list updates daily after AMFI publishes new NAVs and SEBI re-classifies schemes. 4 of them sit in the top quartile by 5-year CAGR.

Over the last 5 years, the average Balanced Advantage Fund (Direct plan) has returned 9.84% CAGR — that turns ₹1 lakh into roughly ₹159,912. Over the last 12 months the category averaged 1.40%. Top-quartile funds in this category typically beat the average by 3-6 percentage points per year — fund selection within a category matters more than the category choice itself.

Over the trailing 5-year window, the highest-returning Balanced Advantage Fund in our database is **HDFC Balanced Advantage Fund - Growth Plan - Direct Plan** (HDFC) with a CAGR of 15.19%. The category average is 9.84%. Past performance is no guarantee of future returns — top-quartile funds in one window often slip in the next.

The best 1-year return in the Balanced Advantage Fund category right now is **Unifi Dynamic Asset Allocation Fund - Direct Growth** () at 7.38%. 1-year numbers are noisy and shouldn't be the sole basis for picking — cross-check rolling returns and 5-year CAGR before deciding.

Across all Balanced Advantage Fund schemes with 5 years of history, the 5-year CAGR ranges from 5.32% (worst) to 15.19% (best), with a median of 10.10%. That spread of about 10 percentage points between top and bottom is a useful gauge of how much fund selection matters in this category.

On ProfitGuruOnline you can browse either Balanced Advantage Fund Direct plans (lower expense ratio, no broker commission baked in) or Regular plans (sold through distributors). Use the filter on the category page. Direct typically outperforms Regular by 0.5-1% per year in the same scheme — meaningful over 10+ years.

Balanced Advantage Fund is a Hybrid scheme — tax follows the actual equity allocation. ≥65% equity behaves like an equity fund; under 35% equity is taxed as debt. Check the AMC's monthly factsheet for the current allocation.

SIP suits hybrid/balanced categories because the in-built equity exposure benefits from rupee-cost averaging. Hybrid funds also rebalance internally so you don't have to manually shift between equity and debt.

Balanced Advantage Fund schemes are well-suited to 3-5 year horizons. Lower volatility than pure equity, higher long-term returns than pure debt.

Moderate risk. Equity portion brings volatility, debt portion cushions it. Aggressive hybrid (65-80% equity) is closer to pure equity in drawdown profile; conservative hybrid is closer to debt.

Two or three schemes from different AMCs is usually enough for a single category. Beyond that you'd be re-creating the category average minus your selection cost. Focus on consistency (% of rolling-return windows that ended positive) over chasing top performers — top quartile rarely repeats.

Quarterly is plenty for monitoring NAVs and aggregate gain; annually (or after major regulatory changes like Budget 2024) is the right cadence for re-evaluating against alternatives. Don't churn based on 1-month or even 1-year underperformance — equity funds need 3-5 year horizons to fairly judge.

We rank funds within each category by point-to-point CAGR over the chosen window (1Y, 3Y, 5Y, 7Y, 10Y, since inception), then assign quartile and decile bands so any fund's standing relative to peers is one click away. Numbers are recomputed nightly after AMFI's NAV publish.

Daily NAVs are pulled directly from AMFI's published feed. Category classification uses SEBI's October-2017 mutual-fund categorisation circular. We compute returns, rolling-window stats, SIP backtests, drawdowns and Sharpe ratios in-house — no third-party feeds, no hidden adjustments.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.