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Balanced Advantage Funds Compared

Every balanced advantage mutual fund's 1, 3 and 5-year return, SIP return and record against the Nifty 50, ranked by a stated measure, from AMFI NAVs.

In short · Updated 30 Oct 2026

As of 30 Sep 2026, there are 30 balanced advantage funds with at least 3 years of NAVs. Over 5 years their direct plans returned a median 8.5% a year. The highest 5-year return was HDFC Balanced Advantage Fund at 13.3% a year.

Check any fund against its index →

All balanced advantage funds, ranked by 5-year return

#	Fund	1y	3y	5y	10y	5y regular	5y SIP XIRR	Expense ratio (direct)
1	HDFC Balanced Advantage Fund	-1.4%	10.2%	13.3%	14.0%	12.6%	10.5%	0.78%
2	Baroda BNP Paribas Balanced Advantage Fund	4.7%	11.1%	10.4%	—	9.1%	10.1%	0.92%
3	ICICI Prudential Balanced Advantage Fund	2.7%	10.4%	10.1%	11.1%	9.5%	9.4%	1.04%
4	Bank Of India Balanced Advantage Fund	4.0%	8.5%	10.1%	7.4%	9.0%	8.1%	1.36%
5	Aditya Birla Sun Life Balanced Advantage Fund	5.7%	11.2%	9.8%	10.8%	8.6%	10.2%	0.89%
6	SBI Balanced Advantage Fund	1.4%	9.2%	9.7%	—	8.6%	8.6%	0.86%
7	Nippon India Balanced Advantage Fund	1.8%	9.9%	9.2%	10.9%	7.9%	8.8%	0.89%
8	Axis Balanced Advantage Fund	1.5%	10.9%	9.2%	—	7.8%	9.1%	1.07%
9	Edelweiss Balanced Advantage Fund	3.4%	10.0%	9.0%	11.8%	7.6%	8.8%	0.81%
10	Kotak Balanced Advantage Fund	1.6%	9.0%	8.6%	—	7.3%	8.0%	0.83%
11	DSP Dynamic Asset Allocation Fund	2.5%	9.8%	8.4%	9.3%	7.0%	8.7%	1.04%
12	Tata Balanced Advantage Fund	0.5%	7.5%	8.3%	—	6.8%	6.9%	0.70%
13	Invesco India Balanced Advantage Fund	-2.2%	8.3%	8.1%	9.7%	6.7%	7.2%	1.17%
14	Bandhan Balanced Advantage Fund	4.2%	9.4%	7.9%	9.8%	6.5%	8.4%	1.07%
15	ITI Balanced Advantage Fund	0.3%	8.7%	7.6%	—	5.6%	7.2%	1.60%
16	Union Balanced Advantage Fund	0.6%	7.8%	7.3%	—	6.0%	6.7%	1.47%
17	PGIM India Balanced Advantage Fund	-3.0%	6.5%	6.9%	—	5.1%	5.6%	0.93%
18	Shriram Balanced Advantage Fund	-1.8%	5.7%	6.0%	—	4.1%	4.4%	0.92%
19	UTI - Unit Linked Insurance Plan	1.5%	7.4%	5.8%	7.6%	5.0%	6.4%	1.11%
20	Motilal Oswal Balanced Advantage Fund	2.1%	2.4%	5.7%	8.1%	4.3%	4.9%	1.59%
—	Franklin India Balanced Advantage Fund	-0.1%	9.0%	—	—	—	—	0.81%
—	HSBC Balanced Advantage Fund	1.5%	9.0%	—	—	—	—	1.16%
—	LIC MF Balanced Advantage Fund	1.3%	7.8%	—	—	—	—	1.52%
—	Mahindra Manulife Balanced Advantage Fund	2.9%	10.3%	—	—	—	—	0.86%
—	Mirae Asset Balanced Advantage Fund	3.7%	9.8%	—	—	—	—	0.98%
—	NJ Balanced Advantage Fund	-0.5%	7.7%	—	—	—	—	1.14%
—	Sundaram Dynamic Asset Allocation Fund (Formerly Known as Sundaram Balanced Advantage Fund)	-1.3%	7.7%	—	—	—	—	1.12%
—	UTI Balanced Advantage Fund	-2.3%	7.6%	—	—	—	—	0.91%
—	WhiteOak Capital Balanced Advantage Fund	3.0%	11.2%	—	—	—	—	0.83%
—	quant Dynamic Asset Allocation Fund	-1.1%	12.4%	—	—	—	—	1.59%

Direct plans, Growth option, to 30 Sep 2026. Funds that closed or merged are not in AMFI's current list, so the category looks a little better than investors actually did (survivorship). Returns are yearly (CAGR) from AMFI month-end NAVs of the Growth option. An index's return is measured through a low-cost index fund's direct plan, so it is a little below the index itself. Past returns do not tell you what a fund will do next, and this is not a recommendation to buy or sell any fund. Other categories: all mutual fund categories.

Key takeaways

Frequently asked questions

Which balanced advantage fund has given the highest returns?

Over the 5 years to 30 Sep 2026, HDFC Balanced Advantage Fund (direct plan) at 13.3% a year. Past returns do not predict future ones.

What is the average return of balanced advantage funds?

The median direct plan returned 8.5% a year over 5 years to 30 Sep 2026.

Check any fund against its index →

Balanced Advantage Funds Compared

All balanced advantage funds, ranked by 5-year return

Key takeaways

Frequently asked questions

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