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Best Dynamic Asset Allocation or Balanced Advantage Mutual Funds

Balanced Advantage funds move between equity and debt using a valuation model, raising equity when markets look cheap and cutting it when they look expensive. The aim is a smoother ride, not maximum return.

We currently track 24 direct-plan Dynamic Asset Allocation or Balanced Advantage schemes from 22 fund houses with a median 5-year CAGR of 8.0%. Every figure below is calculated from official daily NAV history and refreshed each day. Use the column headers to re-rank the table by any period — the best 1-year performer is often not the best over 5 or 10 years, which is exactly why we default to the longer horizon.

Showing 24 of 24 schemes · sorted by Y5 low to high · page 1 of 1

Rank by1Y CAGR3Y CAGR5Y CAGR10Y CAGR
Sort by1M6M1Y3Y5Y, sorted low to high10Y

Dynamic Asset Allocation or Balanced Advantage funds — frequently asked questions

Which Dynamic Asset Allocation or Balanced Advantage fund has the highest 5-year CAGR?

HDFC Balanced Advantage Fund - Direct Plan - Growth Option currently leads the Dynamic Asset Allocation or Balanced Advantage category with a 5-year CAGR of 12.6%. Past returns describe what already happened and do not predict future performance — treat the ranking as a starting point for research, not a recommendation.

What is a good 5-year return for a Dynamic Asset Allocation or Balanced Advantage fund?

Across the 24 Dynamic Asset Allocation or Balanced Advantage schemes we track, the median 5-year CAGR is 8.0%. Comparing a fund against that median, rather than against the category's single best performer, is a more realistic benchmark.

How is CAGR calculated on this page?

CAGR is the compound annual growth rate between the NAV on the horizon start date and the latest NAV, using growth-plan NAVs published by the AMCs. Where a scheme's NAV history has a gap or a re-denomination, we adjust for it rather than report a distorted figure. Expense ratios are already reflected in NAV; exit loads and taxes are not.

Why does this list only show direct plans?

Direct plans have no distributor commission, so their expense ratio is lower and their NAV growth is higher than the regular plan of the same scheme. Showing both would list every fund twice, so we rank direct plans only.