Two of the largest Balanced Advantage / Dynamic Asset Allocation funds side by side: returns, risk, cost, size and what they hold. Prices as of 3 Nov 2026.
Past returns do not tell you future returns.
| HDFC Balanced Advantage Fund HDFC | Kotak Balanced Advantage Fund Kotak Mahindra | |
|---|---|---|
| Returns | ||
| 1 year | -3.6% | -0.7% |
| 3 years, a year | +10.4% | +8.5% |
| 5 years, a year | +12.5% | +7.5% |
| Since launch, a year | +12.9% | +9.3% |
| 3-year rank in category | 6 of 30 | 15 of 30 |
| Benchmark, 3 years | +7.0% | +7.0% |
| Risk | ||
| Risk level | Very High | Very High |
| How bumpy, last year | 10.2% | 9.1% |
| Biggest fall, 3 years | -10.3% | -9.5% |
| Sharpe ratio, 3 years | 0.45 | 0.32 |
| Beta | — | — |
| Alpha, a year | — | — |
| Cost and size | ||
| Yearly cost (expense ratio) | 1.30% | 1.88% |
| Money in the fund | ₹1.03 lakh cr | ₹16,445 cr |
| Running for | 32.8 years | 8.3 years |
| Minimum SIP | ₹100 | ₹100 |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 TRI | NIFTY 50 Hybrid Composite Debt 50:50 TRI |
Past returns do not indicate future returns. Each fund page has the full detail.
The five largest holdings of each, from the latest monthly portfolios
Overlap is the part of the two portfolios that is the same, by weight: 100% would be identical.
What they share, by industry and sector
| Holding | HDFC | Kotak Mahindra |
|---|---|---|
| ICICI Bank Ltd. | 5.1% | 4.9% |
| Reliance Industries Ltd. | 3.6% | 3.4% |
| State Bank of India | 3.3% | 3.6% |
| HDFC Bank Ltd.£ | 4.3% | 3.2% |
| Bharti Airtel Ltd. | 3.0% | 2.4% |
| Larsen and Toubro Ltd. | 2.5% | 2.0% |
| Infosys Limited | 1.4% | 1.5% |
| Eternal Limited | 1.7% | 1.4% |
| Axis Bank Ltd. | 2.6% | 1.3% |
| Kotak Mahindra Bank Limited | 1.6% | 1.3% |
Both are Balanced Advantage / Dynamic Asset Allocation funds, from HDFC and Kotak Mahindra. HDFC Balanced Advantage Fund manages ₹1.03 lakh cr and Kotak Balanced Advantage Fund ₹16,445 cr. The table on this page sets out their returns, risk, costs and holdings side by side.
HDFC Balanced Advantage Fund, at 1.30% a year, against 1.88% for Kotak Balanced Advantage Fund.
Over three years, HDFC Balanced Advantage Fund returned +10.4% a year and Kotak Balanced Advantage Fund +8.5% a year. Over one year they returned -3.6% and -0.7%. Past returns do not indicate future returns.
They hold 40.2% of the same investments, 53.4% of the same industries and 59.5% of the same sectors, by weight, in their latest monthly portfolios.
To set a third or fourth fund alongside, open these two in Compare and add more.