HybridDynamic Asset Allocation or Balanced AdvantageRegularGrowthHigh

Bandhan Balanced Advantage Fund

Q: What is the NAV of Bandhan Balanced Advantage Fund?

As of 05 Oct 2026, the NAV of Bandhan Balanced Advantage Fund is ₹24.77 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Bandhan Balanced Advantage Fund delivered?

Bandhan Balanced Advantage Fund has returned +2.10% over 1 year, +7.93% per year over 3 years, +6.36% per year over 5 years and +7.85% 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 Bandhan Balanced Advantage Fund?

Bandhan Balanced Advantage Fund charges an expense ratio of 2.32% 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 Bandhan Balanced Advantage Fund?

Bandhan Balanced Advantage Fund's largest holdings are ICICI Bank Limited (4.3%), Axis Bank Limited (4.2%), Reliance Industries Limited (3.9%), Bharti Airtel Limited (3.6%) and Bajaj Finance Limited (3.6%). Holdings are disclosed monthly and change over time.

Q: How risky is Bandhan Balanced Advantage Fund?

Bandhan Balanced Advantage Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 7.4% and its worst peak-to-trough fall in our sample was -26.0%. 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 0.19 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Bandhan Balanced Advantage Fund's 0.19 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Bandhan Balanced Advantage Fund?

Bandhan Balanced Advantage Fund is benchmarked against the NIFTY 50 Hybrid Composite debt 50:50 Index. Its alpha and beta on this page are measured against that index.

Q: Who manages Bandhan Balanced Advantage Fund?

Bandhan Balanced Advantage Fund is managed by Manish Gunwani, Vishal Biraia and Brijesh Shah at Bandhan.

Q: How is Bandhan Balanced Advantage Fund taxed?

Bandhan 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.

Bandhan Mutual Fund · Best Balanced Advantage Mutual Funds

NAV

₹24.77

+0.41% 1D

as of 05 Oct 2026

This is the Regular plan of Bandhan Balanced Advantage Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

+1.81%absolute

52-week rangePrev NAV ₹24.67

Latest ₹24.77

Low ₹22.9469th percentile of its 52-week rangeHigh ₹25.58

Scorecard

★★★☆☆3/5 vs 30 of 36 Dynamic Asset Allocation or Balanced Advantage peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

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. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Dynamic Asset Allocation or Balanced Advantage (same plan and option). 30 of the 36 Dynamic Asset Allocation or Balanced Advantage funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceAverage

3Y CAGR +7.93% · ranks 14 of 30 Dynamic Asset Allocation or Balanced Advantage funds

RiskLow

Volatility 7.4% vs 8.5% category avg

CostAverage

2.3% expense vs 2.3% category avg

ConsistencyHigh

99% 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

Ahead of the Dynamic Asset Allocation or Balanced Advantage average on 1M/3M/6M/1Y — 1Y by 2.93pp
Ranks #4 of 36 on 1-year return in its Dynamic Asset Allocation or Balanced Advantage cohort
Stronger risk-adjusted returns — Sharpe 0.19 vs 0.13 Dynamic Asset Allocation or Balanced Advantage average
Less volatile than its Dynamic Asset Allocation or Balanced Advantage peers (7.4% vs 8.5%)
Consistent — positive in 99% of rolling 3-year windows

Concerns

5-year return (+6.36%) trails the Dynamic Asset Allocation or Balanced Advantage average (+7.13%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.32%

Category 2.30%▲0.02%

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

21.39

Category —

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

0.19

Category 0.13▲0.06

Scheme Info

Definitions

Plan

Regular · Growth

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

None

Entry Load Nil. Exit load w.e.f 10-Feb-2025:(for each purchase including SIP/STP-in registered) -If redeemed/switched out on/within 90 days from the date of allotment - 0.50% of the applicable NAV. If redeemed/switched out after 90 days from the date of allotment - Nil.

Up to 0.50%

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

₹1,000

NIFTY 50 Hybrid Composite debt 50:50 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.

13 Oct 2014

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

Definitions

Absolute return over the last 1 month (not annualized)

-2.56%

Absolute return over the last 3 months (not annualized)

-1.61%

Absolute return over the last 6 months (not annualized)

+6.65%

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

-0.74%

Annualized returns (≥1Y — CAGR)

Definitions

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

+2.10%

3-year annualized return (CAGR)

+7.93%

5-year annualized return (CAGR)

+6.36%

10-year annualized return (CAGR)

+8.23%

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.

+7.85%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

7.43%

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

0.19

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

0.26

Largest peak-to-trough decline over full history

-25.97%

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

1.40%

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

0.55

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

85.4%

Excess return per unit of beta (market risk)

2.76

Active return over the benchmark per unit of tracking error

0.26

Annualized std dev of fund-minus-benchmark returns

7.13%

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

66.8%

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

43.8%

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	-2.56%	-3.08%	+0.52%
3M abs	-1.61%	-2.48%	+0.87%
6M abs	+6.65%	+4.31%	+2.34%
1Y CAGR	+2.10%	-0.83%	+2.93%
3Y CAGR	+7.93%	+7.56%	+0.37%
5Y CAGR	+6.36%	+7.13%	-0.77%

Category average across peers in Dynamic Asset Allocation or Balanced Advantage (up to 36 funds with data), 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.

Category rank

Vs 36 peers in Dynamic Asset Allocation or Balanced Advantage

1Y return

+2.10%

Beats 91.4% · rank #4

3Y return

+7.93%

Beats 55.2% · rank #14

5Y return

+6.36%

Beats 31.6% · rank #14

Sharpe

0.19

Beats 55.2% · rank #14

Sortino

0.26

Beats 55.2% · rank #14

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

₹7.10L

Absolute

+18.32%

XIRR

+6.88%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Bandhan 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	-0.74%	-12.85%	+12.11%
2025	+5.11%	+11.97%	-6.86%
2024	+14.58%	+10.16%	+4.42%
2023	+14.89%	+21.69%	-6.80%
2022	-1.83%	+5.68%	-7.51%
2021	+15.53%	+25.49%	-9.96%
2020	+12.93%	+16.57%	-3.64%
2019	+8.64%	+13.43%	-4.79%
2018	+1.28%	+4.40%	-3.12%
2017	+17.26%	+30.12%	-12.86%

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

2,957

Expense ratio

2.32%

AUM

₹2,198Cr

Exit load

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

P/E ratio

21.4

P/B ratio

4.3

Avg market cap

₹4,47,466Cr

P/E & P/B are portfolio-weighted harmonic means across 98 of 113 equity holdings (64% 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


Bandhan Balanced Advantage FundThis fund Bandhan · Regular · Growth	★★★☆☆	+2.10%	+7.93%	+6.36%	—	2.32%	₹2,198Cr
quant Dynamic Asset Allocation Fund quant · Regular · Growth	★★★★☆	-3.35%	+11.39%	—	—	3.00%	₹902.64Cr
Aditya Birla Sun Life Balanced Advantage Fund Aditya Birla Sun Life · Regular · Growth	★★★★☆	+3.36%	+9.86%	+8.32%	—	1.95%	₹9,211Cr
Baroda BNP Paribas Balanced Advantage Fund Baroda BNP Paribas · Regular · Growth	★★★★☆	+1.76%	+9.80%	+8.79%	—	2.04%	₹4,798Cr
ICICI Prudential Balanced Advantage Fund ICICI Prudential · Regular · Growth	★★★★★	+1.06%	+9.67%	+9.23%	—	1.56%	₹70,787Cr
HDFC Balanced Advantage Fund HDFC · Regular · Growth	★★★★☆	-3.14%	+9.66%	+12.25%	—	1.31%	₹1,04,783Cr

Market-cap allocation · AMFI bands, Jul 2026

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

Large cap70.2%
Mid cap16.8%
Small cap13.0%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity69.73%
Debt28.49%
Cash & Equivalents0.45%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Bandhan Business Cycle Fund Bandhan · Sectoral/ Thematic	62.4%	★★☆☆☆	1.01%	—
PGIM India Large Cap Fund PGIM India · Large Cap Fund	57.2%	★☆☆☆☆	1.09%	+6.85%
Nippon India ETF Nifty 100 Nippon India · Other ETFs	57.0%	—	0.51%	+7.29%
Bandhan Nifty 100 Index Fund Bandhan · Index Funds	57.0%	★★★★☆	0.18%	+7.65%
Axis Nifty 100 Index Fund Axis · Index Funds	57.0%	★★★★☆	0.26%	+7.57%
HDFC NIFTY 100 Index Fund HDFC · Index Funds	57.0%	★★★☆☆	0.35%	+7.44%
Zerodha Nifty 100 ETF Zerodha · Other ETFs	57.0%	—	0.28%	—
Parag Parikh Large Cap Fund PPFAS · Large Cap Fund	56.7%	—	0.32%	—

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.

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.

-26.0%20 Feb 2020 → 23 Mar 2020
Fell over 32 days, back to the old high on 18 Aug 2020 — 5 months under water after the low.
-12.2%17 Jan 2022 → 17 Jun 2022
Fell over 5 months, back to the old high on 22 May 2023 — 11 months under water after the low.
-8.6%02 Jan 2026 → 31 Mar 2026
Fell over 3 months, back to the old high on 02 Jul 2026 — 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

₹2,198Cr

April - June 2026

-1%

since January - March 2026

+₹1.24Cr

est. net flow, last quarter

At or near its largest, ₹2,220Cr in January - March 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

Bandhan Mutual Fund is the former IDFC Mutual Fund, bought in 2022 by a consortium of Bandhan Financial Holdings, ChrysCapital and GIC and renamed the following year. It carries a long-established debt franchise alongside its equity and index schemes.

Launched

19 Dec 1999

Total AUM

₹2,04,046Cr+4.5% QoQ

Avg AUM · April - June 2026

Website

bandhanmutual.com

Fund Managers

MGManish GunwaniManaging since 24 Jan 2024

Role

Chief Investment Officer- Equity

Education

Post Graduate Diploma in Management IIM, Bangalore B-Tech - IIT, Madras

Experience

Mr. Manish Gunwani joined Bandhan AMC in January 2023 as Head - Equities. - He was earlier associated with Nippon Life India Asset Management Limited as Chief Investment (Equities) from September 2017 to December 2022 and had the overall responsibility of all equity schemes of Nippon Mutual Fund. Prior Innovation Fund - to that, he was associated with ICICI Prudential Asset Management Company Limited from June 2010 to August 2017 as Deputy Chief Investment Officer (Equities) and was the Fund Manager of two flagship equity schemes of ICICI Prudential Mutual Fund. (Total experience – 24 years).

Funds managed (7)

All schemes Manish Gunwani runs →

VBVishal BiraiaStart date not disclosed

Role

Vice President Bachelor - Fund Management, Equities

Experience

Mr. Vishal Biraia joined Bandhan AMC Limited in June, 2023 in Fund Bandhan Management. He was earlier associated with Max Business Cycle Fund - Equity Life Insurance (June 2021 to May 2023) and Aviva Life Insurance (July 2018 – November 2021) as Research analyst and assistant fund manager. Prior to that, he was associated with Antique Stock Broking (January 2015 to July 2018) with primary responsibility of research and marketing Indian equities to FII’s and with Batlivala & Karani Securities (June 2007 to July 2014) as Research Analyst. (Total Experience -17 years.)

Funds managed (3)

All schemes Vishal Biraia runs →

BSBrijesh ShahManaging since 16 Jul 2022

Role

Senior Vice President – Fixed Income

Education

Post Graduate Diploma in Finance

Experience

Mr Shah is associated with Bandhan AMC since August 2015 as part of the Fixed Income Team and will now be handling investments and fixed income Bandhan US Treasury Bond 0-1 year – fund management. Prior experience: · IDBI Asset Management Ltd. – Dealing in Fixed income (Jan.2013 to Aug.2015) · India Bulls Asset Management Ltd. – Dealing in Fixed income (Jun.2011 to Dec.2012) · Mata Securities - Relationship Manager, Wholesale Debt Market (Jun.2010 to Jun.2011) · Twenty First Century - Relationship Manager, Wholesale Debt Market (Jan.2009 to May2010) (Total experience – 15 years)

Funds managed (42)

All schemes Brijesh Shah runs →

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

Manish Gunwani Vishal Biraia Brijesh Shah

Top holdings

ICICI Bank Limited Reliance Industries Limited Bharti Airtel Limited Bajaj Finance Limited HDFC Bank Limited Larsen & Toubro Limited One 97 Communications Limited UltraTech Cement Limited Axis Bank Limited State Bank of India Kotak Mahindra Bank Limited Titan Company Limited

Bandhan 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 Bandhan Balanced Advantage Fund?

As of 05 Oct 2026, the NAV of Bandhan Balanced Advantage Fund is ₹24.77 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Bandhan Balanced Advantage Fund delivered?

Bandhan Balanced Advantage Fund has returned +2.10% over 1 year, +7.93% per year over 3 years, +6.36% per year over 5 years and +7.85% 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 Bandhan Balanced Advantage Fund?

Bandhan Balanced Advantage Fund charges an expense ratio of 2.32% 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 Bandhan Balanced Advantage Fund?

Bandhan Balanced Advantage Fund's largest holdings are ICICI Bank Limited (4.3%), Axis Bank Limited (4.2%), Reliance Industries Limited (3.9%), Bharti Airtel Limited (3.6%) and Bajaj Finance Limited (3.6%). Holdings are disclosed monthly and change over time.

How risky is Bandhan Balanced Advantage Fund?

Bandhan Balanced Advantage Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 7.4% and its worst peak-to-trough fall in our sample was -26.0%. 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 0.19 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Bandhan Balanced Advantage Fund's 0.19 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Bandhan Balanced Advantage Fund?

Bandhan Balanced Advantage Fund is benchmarked against the NIFTY 50 Hybrid Composite debt 50:50 Index. Its alpha and beta on this page are measured against that index.

Who manages Bandhan Balanced Advantage Fund?

Bandhan Balanced Advantage Fund is managed by Manish Gunwani, Vishal Biraia and Brijesh Shah at Bandhan.

How is Bandhan Balanced Advantage Fund taxed?

Bandhan 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.