HybridDynamic Asset Allocation or Balanced AdvantageDirectIDCWHigh

Nippon India Balanced Advantage Fund

Q: What is the NAV of Nippon India Balanced Advantage Fund?

As of 01 Oct 2026, the NAV of Nippon India Balanced Advantage Fund is ₹44.11 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Nippon India Balanced Advantage Fund delivered?

Nippon India Balanced Advantage Fund has returned -4.78% over 1 year, +3.88% per year over 3 years, +3.45% per year over 5 years and +4.86% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Nippon India Balanced Advantage Fund?

Nippon India Balanced Advantage Fund charges an expense ratio of 0.89% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Nippon India Balanced Advantage Fund?

Nippon India Balanced Advantage Fund's largest holdings are ICICI Bank Limited (6.0%), HDFC Bank Limited (5.7%), State Bank of India (2.7%), Axis Bank Limited (2.6%) and Reliance Industries Limited (2.6%). Holdings are disclosed monthly and change over time.

Q: How risky is Nippon India Balanced Advantage Fund?

Nippon India Balanced Advantage Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 8.1% and its worst peak-to-trough fall in our sample was -31.8%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of -0.32 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Nippon India Balanced Advantage Fund's -0.32 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of Nippon India Balanced Advantage Fund?

Nippon India Balanced Advantage Fund is benchmarked against the CRISIL Hybrid 50+50 - Moderate Index. Its alpha and beta on this page are measured against that index.

Q: Who manages Nippon India Balanced Advantage Fund?

Nippon India Balanced Advantage Fund is managed by Bhavik Dave and Sushil Budhia at Nippon India.

Q: How is Nippon India Balanced Advantage Fund taxed?

Nippon India Balanced Advantage Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Nippon India Mutual Fund · Best Balanced Advantage Mutual Funds

NAV

₹44.11

-0.46% 1D

as of 01 Oct 2026

This is the Direct plan of Nippon India Balanced Advantage Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

Compare SIP calculator

This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.

View the Growth plan for compounded returns (+9.69% 3Y CAGR)

Performance

-4.33%CAGR

52-week rangePrev NAV ₹44.31

Latest ₹44.11

Low ₹42.9626th percentile of its 52-week rangeHigh ₹47.33

Scorecard

Not rated

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — too few comparable Hybrid funds (same plan and option) to rank against yet.

Performance—

Not enough Dynamic Asset Allocation or Balanced Advantage peers to rank yet

Risk—

Volatility 8.1% (no category average yet)

Cost—

0.9% expense (no category average yet)

ConsistencyHigh

94% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Consistent — positive in 94% of rolling 3-year windows

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.89%

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

21.46

Category —

Excess return per unit of total volatility (rf = 6.5%)

-0.32

Category —

Scheme Info

Definitions

Plan

Direct · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

10% of the units allotted shall be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to the following exit load. Redemption of units would be done on First in First out Basis (FIFO): 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units. Nil, thereafter.

Up to 1.00%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹100

CRISIL Hybrid 50+50 - Moderate Index

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

03 Jan 2013

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-4.31%

Absolute return over the last 3 months (not annualized)

-3.85%

Absolute return over the last 6 months (not annualized)

+1.79%

Absolute return since 1 Jan of this year (not annualized)

-5.76%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-4.78%

3-year annualized return (CAGR)

+3.88%

5-year annualized return (CAGR)

+3.45%

10-year annualized return (CAGR)

+4.64%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+4.86%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

8.10%

Excess return per unit of total volatility (rf = 6.5%)

-0.32

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

-0.43

Largest peak-to-trough decline over full history

-31.82%

Benchmark ratios (vs Nifty 50 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 50 TRI

-2.37%

Sensitivity to Nifty 50 TRI moves; 1 = moves with the index

0.60

How much of the fund's movement Nifty 50 TRI explains

94.2%

Excess return per unit of beta (market risk)

-4.06

Active return over the benchmark per unit of tracking error

-0.35

Annualized std dev of fund-minus-benchmark returns

6.00%

Fund's share of benchmark gains in up months (100 = matches index)

61.7%

Fund's share of benchmark losses in down months (lower is better)

60.8%

Computed vs the Nifty 50 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Dynamic Asset Allocation or Balanced Advantage)

Period	Fund	Category avg.	Diff
1M abs	-4.31%	—	—
3M abs	-3.85%	—	—
6M abs	+1.79%	—	—
1Y CAGR	-4.78%	—	—
3Y CAGR	+3.88%	—	—
5Y CAGR	+3.45%	—	—

Category average across peers in Dynamic Asset Allocation or Balanced Advantage, same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹6.39L

Absolute

+6.56%

XIRR

+2.59%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Nippon India Balanced Advantage Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 50 TRI	Diff
2026part	-5.76%	-12.85%	+7.09%
2025	+2.68%	+11.97%	-9.29%
2024	+8.64%	+10.16%	-1.52%
2023	+12.74%	+21.69%	-8.95%
2022	+1.20%	+5.68%	-4.48%
2021	+11.59%	+25.49%	-13.90%
2020	+6.24%	+16.57%	-10.33%
2019	+2.14%	+13.43%	-11.29%
2018	-2.61%	+4.40%	-7.01%
2017	+14.68%	+30.12%	-15.44%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

3,376

Expense ratio

0.89%

AUM

₹9,597Cr

Portfolio turnover

183%

Exit load

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

21.5

P/B ratio

4.5

Avg market cap

₹4,45,854Cr

P/E & P/B are portfolio-weighted harmonic means across 65 of 78 equity holdings (65% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Dynamic Asset Allocation or Balanced Advantage

Compare all


Nippon India Balanced Advantage FundThis fund Nippon India · Direct · IDCW	—	-4.78%	+3.88%	+3.45%	—	0.89%	₹9,597Cr
quant Dynamic Asset Allocation Fund quant · Direct · IDCW	—	-2.16%	+12.10%	—	—	1.54%	₹902.64Cr
SBI Balanced Advantage Fund SBI · Direct · IDCW	—	+0.38%	+8.92%	+9.53%	—	0.86%	₹40,549Cr
Kotak Balanced Advantage Fund Kotak Mahindra · Direct · IDCW	—	+0.34%	+8.70%	+8.45%	—	0.83%	₹16,987Cr
Bank of India Balanced Advantage Fund Bank of India · Direct · IDCW	—	+2.51%	+8.19%	+9.85%	—	1.39%	₹155.92Cr
NJ Balanced Advantage Fund NJ · Direct · IDCW	—	-1.19%	+7.47%	—	—	1.14%	₹3,413Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap73.3%
Mid cap15.9%
Small cap10.8%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity72.41%
Debt17.47%
Real Estate / REITs6.18%
Cash & Equivalents3.94%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Canara Robeco Large Cap Fund Canara Robeco · Large Cap Fund	65.8%	★★★★☆	0.63%	+8.81%
Nippon India Large Cap Fund Nippon India · Large Cap Fund	63.6%	★★★★★	0.88%	+9.48%
Axis Balanced Advantage Fund Axis · Dynamic Asset Allocation or Balanced Advantage	62.2% of 76% equity	★★★★☆	1.07%	+10.74%
Nippon India Flexi Cap Fund Nippon India · Flexi Cap Fund	59.9%	★★☆☆☆	0.65%	+8.81%
Canara Robeco ELSS - Tax Saver Fund Canara Robeco · ELSS	59.5%	★★★☆☆	0.70%	+10.17%
Canara Robeco Flexi Cap Fund Canara Robeco · Flexi Cap Fund	59.2%	★★★☆☆	0.69%	+10.26%
Axis Children's Fund Axis · Childrens' Fund	59.2% of 72% equity	★★★☆☆	1.49%	+7.65%
Aditya Birla Sun Life Large Cap Fund Aditya Birla Sun Life · Large Cap Fund	59.0%	★★★☆☆	1.04%	+8.11%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

1 holding — 0.79% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

PB Fintech LimitedShort-term · Stage I0.79%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-31.8%23 Jan 2015 → 25 Feb 2016
Fell over 13 months, back to the old high on 05 Jan 2018 — 1.9 years under water after the low.
-25.3%23 Jan 2018 → 24 Mar 2020
Fell over 2.2 years, back to the old high on 28 Dec 2020 — 9 months under water after the low.
-15.4%15 Jan 2013 → 28 Aug 2013
Fell over 7 months, back to the old high on 06 Dec 2013 — 3 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹9,597Cr

April - June 2026

since January - March 2026

+₹375.47Cr

est. net flow, last quarter

At or near its largest, ₹9,597Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

Nippon India Mutual Fund is managed by Nippon Life India Asset Management, which took control of the former Reliance Mutual Fund in 2019 when Nippon Life of Japan bought out the Reliance Capital stake. It is among India's largest fund houses by assets and is best known for its small- and mid-cap franchise.

Launched

29 Jun 1995

Total AUM

₹7,87,053Cr+4.7% QoQ

Avg AUM · July - September 2026

Website

mf.nipponindiaim.com

Fund Managers

BDBhavik DaveManaging since 01 Jan 2026

Role

Co- Fund Manager & Research Analyst

Education

BBA (2005 - 2008), PGDM (2010 - 2012)

Experience

Over 13 years of experience 18th June 2021 onwards NAM India - Co- Fund Manager & Research Analyst From September 30, 2014 to June 17, 2021 NAM India - Research Analyst From October 07, 2013 to September 29, 2014 Motilal Oswal Securities Limited - Research Associate (Institutional Equities) From May 2012 to October 2013 Crisil Global Analytics Centre - Credit Analyst – US Oil & Gas Sector From July 2011 to May 2012 Grantham Mayo, Van Otterloo & Co. - Research Associate Internship

Funds managed (2)

All schemes Bhavik Dave runs →

SBSushil BudhiaManaging since 01 Mar 2021

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Bhavik Dave

Top holdings

ICICI Bank Limited HDFC Bank Limited State Bank of India Axis Bank Limited Reliance Industries Limited Infosys Limited Bharti Airtel Limited Mahindra & Mahindra Limited Kotak Mahindra Bank Limited Larsen & Toubro Limited Eternal Limited Bajaj Finance Limited

Nippon India in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

Run SIP calculator Add to compare

Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Balanced Advantage funds

Balanced advantage (dynamic asset allocation) funds move between equity and debt based on market valuations, adding more stocks when they look cheap and trimming when they look dear. The goal is a smoother ride.

Frequently asked questions

What is the NAV of Nippon India Balanced Advantage Fund?

As of 01 Oct 2026, the NAV of Nippon India Balanced Advantage Fund is ₹44.11 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Nippon India Balanced Advantage Fund delivered?

Nippon India Balanced Advantage Fund has returned -4.78% over 1 year, +3.88% per year over 3 years, +3.45% per year over 5 years and +4.86% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Nippon India Balanced Advantage Fund?

Nippon India Balanced Advantage Fund charges an expense ratio of 0.89% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Nippon India Balanced Advantage Fund?

Nippon India Balanced Advantage Fund's largest holdings are ICICI Bank Limited (6.0%), HDFC Bank Limited (5.7%), State Bank of India (2.7%), Axis Bank Limited (2.6%) and Reliance Industries Limited (2.6%). Holdings are disclosed monthly and change over time.

How risky is Nippon India Balanced Advantage Fund?

Nippon India Balanced Advantage Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 8.1% and its worst peak-to-trough fall in our sample was -31.8%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of -0.32 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Nippon India Balanced Advantage Fund's -0.32 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of Nippon India Balanced Advantage Fund?

Nippon India Balanced Advantage Fund is benchmarked against the CRISIL Hybrid 50+50 - Moderate Index. Its alpha and beta on this page are measured against that index.

Who manages Nippon India Balanced Advantage Fund?

Nippon India Balanced Advantage Fund is managed by Bhavik Dave and Sushil Budhia at Nippon India.

How is Nippon India Balanced Advantage Fund taxed?

Nippon India Balanced Advantage Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.