What are the top performing Dynamic Asset Allocation funds?

Based on 1-year returns, the top performing Dynamic Asset Allocation funds are Unifi Dynamic Asset Allocation Fund - Direct Plan with 7.32% return, Baroda BNP Paribas Balanced Advantage Fund - Direct Plan with 5.35% return, and Bank of India Balanced Advantage Fund - Direct Plan with 5.04% return. The category average 1-year return is 0.94%.

What are the largest Dynamic Asset Allocation mutual funds by assets?

The largest Dynamic Asset Allocation funds by Assets Under Management (AUM) are HDFC Balanced Advantage Fund - Direct Plan with ₹ 1,05,378.00 crore, ICICI Prudential Balanced Advantage Fund - Direct Plan with ₹ 70,551.40 crore, and SBI Balanced Advantage Fund - Direct Plan with ₹ 40,732.20 crore. Together, there are 42 Dynamic Asset Allocation funds available in India.

What is the minimum amount to invest in Dynamic Asset Allocation funds?

You can start investing in Dynamic Asset Allocation funds with a minimum SIP of ₹99 per month or a minimum lumpsum of ₹100. The minimum investment varies across fund houses — some funds allow even lower entry points.

How are Dynamic Asset Allocation fund returns taxed?

Gains from Dynamic Asset Allocation funds held for less than 12 months are taxed at 20% (Short-Term Capital Gains). Gains on units held for 12 months or more are taxed at 12.5% (Long-Term Capital Gains), with ₹1.25 lakh per year being exempt per financial year. Dividends (IDCW) are taxed at your applicable income tax slab rate.

Which Dynamic Asset Allocation funds have the lowest expense ratio?

Among Dynamic Asset Allocation funds, Parag Parikh Dynamic Asset Allocation Fund - Direct Plan has the lowest expense ratio at 0.27% (Direct Plan), followed by Aditya Birla Sun Life Dynamic Asset Allocation Omni FoF - Direct Plan at 0.32%. Lower expense ratios directly improve your net returns over the long term.

How many Dynamic Asset Allocation mutual funds are available in India?

There are currently 42 Dynamic Asset Allocation mutual funds available in India across different fund houses. You can compare all 42 funds on Sharpely based on returns, risk, AUM, and expense ratio to find the one that suits your investment goals.

mutual funds category

Dynamic Asset Allocation

Dynamic Asset Allocation Funds

Q: Which Dynamic Asset Allocation funds have given the best returns over 3 years?

Over a 3-year period, the best performing Dynamic Asset Allocation funds are Unifi Dynamic Asset Allocation Fund - Direct Plan with a 19.66% CAGR, Baroda BNP Paribas Balanced Advantage Fund - Direct Plan with 14.96% CAGR, and Bank of India Balanced Advantage Fund - Direct Plan with 14.81% CAGR. The category average 3-year return stands at 11.17% CAGR.

Q: Which Dynamic Asset Allocation funds have given the best returns over 5 years?

Over a 5-year period, the top Dynamic Asset Allocation funds are Unifi Dynamic Asset Allocation Fund - Direct Plan with a 15.44% CAGR, Baroda BNP Paribas Balanced Advantage Fund - Direct Plan with 13.25% CAGR, and Bank of India Balanced Advantage Fund - Direct Plan with 12.97% CAGR. The category average 5-year return is 9.77% CAGR.

Dynamic asset allocation funds invest in both equity and debt. There are no restrictions on the minimum amount to be invested in any particular asset class.

Total Schemes

No. of schemes

Total AUM

₹ 3.57Lakh Cr

As on latest

Category Return (5Y)

9.77 %

CAGR

Benchmark Data

This category currently has no benchmark assigned.

Category Returns (%)

Period	1M	6M	1Y	3Y CAGR	5Y CAGR	10Y CAGR	YTD
Dynamic Asset Allocation	-0.57 %	-3.40 %	0.94 %	11.17 %	9.77 %	10.17 %	-3.21 %
Benchmark Not Available No benchmark assigned	-	-	-	-	-	-	-

Top Dynamic Asset Allocation Funds (by AUM)

Fund Name	AUM (₹ Cr)	1Y Return	3Y CAGR	5Y CAGR	Expense Ratio
HDFC Balanced Advantage Fund - Direct PlanNAV: ₹548.48	1,05,378.00 Cr	-1.32%	14.81%	15.44%	0.75%
ICICI Prudential Balanced Advantage Fund - Direct PlanNAV: ₹84.23	70,551.40 Cr	3.79%	12.00%	11.09%	0.85%
SBI Balanced Advantage Fund - Direct PlanNAV: ₹16.34	40,732.20 Cr	3.07%	12.07%	-	0.72%
ICICI Prudential Dynamic Asset Allocation Active FoF - Direct PlanNAV: ₹135.47	28,311.00 Cr	2.72%	12.46%	11.96%	0.37%
Kotak Balanced Advantage Fund - Direct PlanNAV: ₹22.28	17,183.80 Cr	0.80%	10.39%	9.78%	0.60%
Edelweiss Balanced Advantage Fund - Direct PlanNAV: ₹58.75	12,906.30 Cr	3.34%	11.68%	10.66%	0.59%
Nippon India Balanced Advantage Fund - Direct PlanNAV: ₹201.74	9,620.30 Cr	2.34%	11.82%	10.57%	0.95%
Aditya Birla Sun Life Balanced Advantage Fund - Direct PlanNAV: ₹123.87	9,182.39 Cr	4.25%	12.47%	10.80%	0.70%
Tata Balanced Advantage Fund - Direct PlanNAV: ₹22.86	9,128.04 Cr	2.21%	10.14%	10.20%	0.54%
UTI Unit Linked Insurance Plan - Direct PlanNAV: ₹44.30	4,923.13 Cr	-2.01%	7.30%	7.02%	0.98%
Baroda BNP Paribas Balanced Advantage Fund - Direct PlanNAV: ₹27.64	4,755.77 Cr	5.35%	14.03%	12.51%	0.74%
Axis Balanced Advantage Fund - Direct PlanNAV: ₹23.39	3,763.98 Cr	0.91%	12.90%	11.11%	0.67%
DSP Dynamic Asset Allocation Fund - Direct PlanNAV: ₹32.25	3,661.26 Cr	3.01%	11.58%	9.29%	1.70%
NJ Balanced Advantage Fund - Direct PlanNAV: ₹13.98	3,435.23 Cr	-0.21%	10.07%	-	0.59%
UTI Balanced Advantage Fund - Direct PlanNAV: ₹12.58	3,029.72 Cr	-1.83%	-	-	0.67%

About Dynamic Asset Allocation Funds

What is it?

Dynamic asset allocation funds invest in both equity and debt. There are no restrictions on the minimum amount to be invested in any particular asset class.

Objective

The objective of the dynamic asset allocation fund is to generate decent returns by changing asset allocation in different market conditions. They aim for long-term wealth creation by investing dynamically in equity and debt.

Suitability and opinion

Balanced advantage funds are suitable for investors with moderate risk appetites. These funds can be a suitable option for long-term investors aiming to build wealth using a diversified portfolio. These funds do not have fixed allocation limits in equity and debt. The manager can change the allocation as per the market outlook. This makes them suitable for conservative equity investors and first-time equity investors as these funds have lower volatility compared to pure equity funds and higher returns compared to pure debt funds. We believe that conservative equity investors can consider this category with an ideal time horizon of 5 to 7 years.

Dynamic Asset Allocation vs Other Categories

5Y CAGR Return Comparison

14.99%

11.90%

9.77%

8.72%

8.45%

Multi Asset Allocation

Aggressive Hybrid

Dynamic Asset Allocation

Equity Savings

Balanced Hybrid

Key Insights

Dynamic Asset Allocation delivered 9.77% CAGR over the last 5 years.

It ranks #3 out of 7 categories based on 5Y performance.

Above the category average return of 9.76%.

2 categories outperform it, while 4 categories have lower returns.

Top performer: Multi Asset Allocation (14.99%).

Lowest performer: Arbitrage (6.44%).

Let's have a closer look

Now let us jump and check about these top 15 mutual fund schemes.

HDFC Balanced Advantage Fund - Direct Plan

Fund Performance: HDFC Balanced Advantage Fund - Direct Plan has given 14.81% annualized returns in the past three years and 15.44% in the last 5 years. The HDFC Balanced Advantage Fund - Direct Plan comes under the Hybrid category of HDFC Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in HDFC Balanced Advantage Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 1,05,378.00Cr

1Y Returns

-1.32%

Expense Ratio

0.75%

ICICI Prudential Balanced Advantage Fund - Direct Plan

Fund Performance: ICICI Prudential Balanced Advantage Fund - Direct Plan has given 12.00% annualized returns in the past three years and 11.09% in the last 5 years. The ICICI Prudential Balanced Advantage Fund - Direct Plan comes under the Hybrid category of ICICI Prudential Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Balanced Advantage Fund - Direct Plan via lump sum is ₹ 500.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 500.00

AUM

₹ 70,551.40Cr

1Y Returns

3.79%

Expense Ratio

0.85%

SBI Balanced Advantage Fund - Direct Plan

Fund Performance: SBI Balanced Advantage Fund - Direct Plan has given 12.07% annualized returns in the past three years. The SBI Balanced Advantage Fund - Direct Plan comes under the Hybrid category of SBI Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in SBI Balanced Advantage Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 250.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 40,732.20Cr

1Y Returns

3.07%

Expense Ratio

0.72%

ICICI Prudential Dynamic Asset Allocation Active FoF - Direct Plan

Fund Performance: ICICI Prudential Dynamic Asset Allocation Active FoF - Direct Plan has given 12.46% annualized returns in the past three years and 11.96% in the last 5 years. The ICICI Prudential Dynamic Asset Allocation Active FoF - Direct Plan comes under the Hybrid category of ICICI Prudential Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Dynamic Asset Allocation Active FoF - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 1,000.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 28,311.00Cr

1Y Returns

2.72%

Expense Ratio

0.37%

Kotak Balanced Advantage Fund - Direct Plan

Fund Performance: Kotak Balanced Advantage Fund - Direct Plan has given 10.39% annualized returns in the past three years and 9.78% in the last 5 years. The Kotak Balanced Advantage Fund - Direct Plan comes under the Hybrid category of Kotak Mahindra Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Kotak Balanced Advantage Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 17,183.80Cr

1Y Returns

0.80%

Expense Ratio

0.60%

Edelweiss Balanced Advantage Fund - Direct Plan

Fund Performance: Edelweiss Balanced Advantage Fund - Direct Plan has given 11.68% annualized returns in the past three years and 10.66% in the last 5 years. The Edelweiss Balanced Advantage Fund - Direct Plan comes under the Hybrid category of Edelweiss Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Edelweiss Balanced Advantage Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 12,906.30Cr

1Y Returns

3.34%

Expense Ratio

0.59%

Nippon India Balanced Advantage Fund - Direct Plan

Fund Performance: Nippon India Balanced Advantage Fund - Direct Plan has given 11.82% annualized returns in the past three years and 10.57% in the last 5 years. The Nippon India Balanced Advantage Fund - Direct Plan comes under the Hybrid category of Nippon India Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Nippon India Balanced Advantage Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 9,620.30Cr

1Y Returns

2.34%

Expense Ratio

0.95%

Aditya Birla Sun Life Balanced Advantage Fund - Direct Plan

Fund Performance: Aditya Birla Sun Life Balanced Advantage Fund - Direct Plan has given 12.47% annualized returns in the past three years and 10.80% in the last 5 years. The Aditya Birla Sun Life Balanced Advantage Fund - Direct Plan comes under the Hybrid category of Aditya Birla Sun Life Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Aditya Birla Sun Life Balanced Advantage Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 9,182.39Cr

1Y Returns

4.25%

Expense Ratio

0.70%

Tata Balanced Advantage Fund - Direct Plan

Fund Performance: Tata Balanced Advantage Fund - Direct Plan has given 10.14% annualized returns in the past three years and 10.20% in the last 5 years. The Tata Balanced Advantage Fund - Direct Plan comes under the Hybrid category of Tata Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Tata Balanced Advantage Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 9,128.04Cr

1Y Returns

2.21%

Expense Ratio

0.54%

UTI Unit Linked Insurance Plan - Direct Plan

Fund Performance: UTI Unit Linked Insurance Plan - Direct Plan has given 7.30% annualized returns in the past three years and 7.02% in the last 5 years. The UTI Unit Linked Insurance Plan - Direct Plan comes under the Hybrid category of UTI Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in UTI Unit Linked Insurance Plan - Direct Plan via lump sum is ₹ 15,000.00 and via SIP is ₹ 500.00.

Min Investment Amt

₹ 15,000.00

AUM

₹ 4,923.13Cr

1Y Returns

-2.01%

Expense Ratio

0.98%

Baroda BNP Paribas Balanced Advantage Fund - Direct Plan

Fund Performance: Baroda BNP Paribas Balanced Advantage Fund - Direct Plan has given 14.03% annualized returns in the past three years and 12.51% in the last 5 years. The Baroda BNP Paribas Balanced Advantage Fund - Direct Plan comes under the Hybrid category of Baroda BNP Paribas Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Baroda BNP Paribas Balanced Advantage Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 250.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 4,755.77Cr

1Y Returns

5.35%

Expense Ratio

0.74%

Axis Balanced Advantage Fund - Direct Plan

Fund Performance: Axis Balanced Advantage Fund - Direct Plan has given 12.90% annualized returns in the past three years and 11.11% in the last 5 years. The Axis Balanced Advantage Fund - Direct Plan comes under the Hybrid category of Axis Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Axis Balanced Advantage Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 3,763.98Cr

1Y Returns

0.91%

Expense Ratio

0.67%

DSP Dynamic Asset Allocation Fund - Direct Plan

Fund Performance: DSP Dynamic Asset Allocation Fund - Direct Plan has given 11.58% annualized returns in the past three years and 9.29% in the last 5 years. The DSP Dynamic Asset Allocation Fund - Direct Plan comes under the Hybrid category of DSP Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in DSP Dynamic Asset Allocation Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 3,661.26Cr

1Y Returns

3.01%

Expense Ratio

1.70%

NJ Balanced Advantage Fund - Direct Plan

Fund Performance: NJ Balanced Advantage Fund - Direct Plan has given 10.07% annualized returns in the past three years. The NJ Balanced Advantage Fund - Direct Plan comes under the Hybrid category of NJ Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in NJ Balanced Advantage Fund - Direct Plan via lump sum is ₹ 500.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 500.00

AUM

₹ 3,435.23Cr

1Y Returns

-0.21%

Expense Ratio

0.59%

UTI Balanced Advantage Fund - Direct Plan

Fund Performance: The UTI Balanced Advantage Fund - Direct Plan comes under the Hybrid category of UTI Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in UTI Balanced Advantage Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 3,029.72Cr

1Y Returns

-1.83%

Expense Ratio

0.67%

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Frequently asked questions

Based on average 5-year rolling returns, the best Dynamic Asset Allocation funds for SIP are HDFC Balanced Advantage Fund - Direct Plan with 5-year average rolling return of 15.70%, Aditya Birla Sun Life Dynamic Asset Allocation Omni FoF - Direct Plan with 14.06%, and ICICI Prudential Dynamic Asset Allocation Active FoF - Direct Plan with 13.45%. You can start a SIP in Dynamic Asset Allocation funds with as little as ₹99 per month.