Moves between shares and bonds. Moves between shares and debt as market conditions change.
Ranked by three-year return; funds without that figure at the end
Ranked by three-year return, the top three are quant Dynamic Asset Allocation Fund (+11.3% a year), Aditya Birla Sun Life Balanced Advantage Fund (+10.8% a year) and Baroda BNP Paribas Balanced Advantage Fund (+10.7% a year). Past returns do not tell you future returns.
| -5.6% | +11.3% | — | 1/30 | 2.85% | ₹787 cr | |
Aditya Birla Sun Life Balanced Advantage Fund Aditya Birla Sun Life | +2.9% | +10.8% | +8.7% | 2/30 | 1.95% | ₹9,937 cr |
Baroda BNP Paribas Balanced Advantage Fund Baroda BNP Paribas | +0.2% | +10.7% | +9.1% | 3/30 | 2.04% | ₹5,194 cr |
| -0.7% | +10.7% | +8.1% | 4/30 | 2.18% | ₹3,643 cr | |
ICICI Prudential Balanced Advantage Fund ICICI Prudential | +1.9% | +10.5% | +9.5% | 5/30 | 1.56% | ₹72,512 cr |
| -3.6% | +10.4% | +12.5% | 6/30 | 1.30% | ₹1.03 lakh cr | |
WhiteOak Capital Balanced Advantage Fund WhiteOak Capital | -0.4% | +10.0% | — | 7/30 | 2.24% | ₹2,238 cr |
Edelweiss Balanced Advantage Fund Edelweiss | +1.3% | +9.7% | +7.9% | 8/30 | 1.92% | ₹13,019 cr |
| +1.0% | +9.5% | +7.3% | 9/30 | 2.26% | ₹3,717 cr | |
Mahindra Manulife Balanced Advantage Fund Mahindra Manulife | -0.8% | +9.5% | — | 10/30 | 2.40% | ₹878 cr |
Nippon India Balanced Advantage Fund Nippon India | -1.0% | +9.1% | +7.9% | 11/30 | 1.99% | ₹9,509 cr |
Mirae Asset Balanced Advantage Fund Mirae Asset | +0.8% | +9.1% | — | 12/30 | 2.28% | ₹2,113 cr |
| -2.4% | +8.8% | +8.7% | 13/30 | 1.67% | ₹40,410 cr | |
| +1.3% | +8.6% | +6.6% | 14/30 | 2.29% | ₹2,235 cr | |
Kotak Balanced Advantage Fund Kotak Mahindra | -0.7% | +8.5% | +7.5% | 15/30 | 1.88% | ₹16,445 cr |
Bank of India Balanced Advantage Fund Bank of India | -0.0% | +8.3% | +9.0% | 16/30 | 2.67% | ₹177 cr |
| -3.3% | +8.2% | +7.2% | 17/30 | 2.40% | ₹915 cr | |
| -1.3% | +7.9% | — | 18/30 | 2.47% | ₹1,451 cr | |
Franklin India Balanced Advantage Fund Franklin Templeton | -3.7% | +7.8% | — | 19/30 | 2.23% | ₹2,642 cr |
| -3.4% | +7.6% | — | 20/30 | 2.00% | ₹2,898 cr | |
| +0.1% | +7.4% | +5.1% | 21/30 | 1.57% | ₹4,914 cr | |
| -2.3% | +7.2% | +6.0% | 22/30 | 2.52% | ₹1,148 cr | |
| -4.6% | +6.7% | — | 23/30 | 2.54% | ₹1,592 cr | |
| -3.4% | +6.6% | +6.7% | 24/30 | 1.86% | ₹7,854 cr | |
| -1.0% | +6.5% | +6.1% | 25/30 | 2.41% | ₹3,212 cr | |
| -6.2% | +6.5% | +4.7% | 26/30 | 3.22% | ₹305 cr | |
| -3.0% | +6.5% | — | 27/30 | 2.91% | ₹640 cr | |
PGIM India Balanced Advantage Fund PGIM India | -5.1% | +6.0% | +5.3% | 28/30 | 2.48% | ₹677 cr |
| -4.8% | +4.6% | +4.4% | 29/30 | 2.57% | ₹41 cr | |
Motilal Oswal Balanced Advantage Fund Motilal Oswal | -3.6% | +2.1% | +4.4% | 30/30 | 2.78% | ₹707 cr |
Bajaj Finserv Balanced Advantage Fund Bajaj Finserv | -1.2% | — | — | — | 2.66% | ₹1,206 cr |
Canara Robeco Balanced Advantage Fund Canara Robeco | -4.1% | — | — | — | 2.38% | ₹1,006 cr |
| -1.5% | — | — | — | 2.38% | ₹267 cr | |
JioBlackRock Balanced Advantage Fund Jio BlackRock | — | — | — | — | 3.61% | ₹30 cr |
| +1.3% | — | — | — | 0.76% | ₹2,451 cr | |
| -4.5% | — | — | — | 3.44% | ₹152 cr | |
| +8.0% | — | — | — | 1.99% | ₹1,538 cr | |
The Wealth Company Balanced Advantage Fund The Wealth Company | — | — | — | — | 3.26% | ₹39 cr |
The largest funds in the category, two at a time
Answered from the figures above, updated every business day
38 funds, managing ₹3.21 lakh cr between them as of 3 Nov 2026. The largest is HDFC Balanced Advantage Fund, at ₹1.03 lakh cr.
The average Balanced Advantage / Dynamic Asset Allocation fund returned -1.5% over the last year, +8.2% a year over three years, +7.3% a year over five years. Over the last year the funds ranged from -6.2% to +8.0%. Past returns do not tell you future returns.
Parag Parikh Dynamic Asset Allocation Fund, at 0.76% a year, against 2.34% for the average fund in the category. The expense ratio is taken out of the fund every day, so every return shown is already after it.
quant Dynamic Asset Allocation Fund, at +11.3% a year over the last three years, against +8.2% for the average fund. Past returns do not tell you future returns.
Their volatility over the last year averaged 9.2%: the higher it is, the more the price swings from day to day. 33 of 38 carry the riskometer level Very High, on SEBI's six-step scale from Low to Very High.
Looking at a different kind of fund? See every category.
NAV, expense ratio and fund disclosures as published by AMFI and the fund houses; prices as of 3 Nov 2026. Figures are computed independently and may differ from a fund house's own factsheet.
DiscoverMF is an information and analytics service. Nothing here is investment advice, a recommendation, or an offer to buy or sell any scheme. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past performance does not indicate future returns.