Aditya Birla Sun Life Balanced Advantage Fund
Aditya Birla Sun Life Mutual Fund · Best Balanced Advantage Mutual Funds
This is the Direct plan of Aditya Birla Sun Life Balanced Advantage Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
Performance
Scorecard
★★★★☆4/5 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.
3Y CAGR +10.85% · ranks 3 of 30 Dynamic Asset Allocation or Balanced Advantage funds
Volatility 8.3% vs 8.5% category avg
0.9% expense vs 1.1% category avg
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 3M/6M/1Y — 1Y by 4.17pp
- 3-year return (+10.85%) beats the Dynamic Asset Allocation or Balanced Advantage average (+8.57%)
- 5-year return (+9.68%) beats the Dynamic Asset Allocation or Balanced Advantage average (+8.39%)
- Ranks #2 of 36 on 1-year return in its Dynamic Asset Allocation or Balanced Advantage cohort
- Stronger risk-adjusted returns — Sharpe 0.53 vs 0.25 Dynamic Asset Allocation or Balanced Advantage average
Concerns
No significant concerns identified.
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (Dynamic Asset Allocation or Balanced Advantage)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -4.03% | -3.53% | -0.50% |
| 3M abs | -0.86% | -2.06% | +1.20% |
| 6M abs | +6.59% | +4.59% | +2.00% |
| 1Y CAGR | +4.42% | +0.25% | +4.17% |
| 3Y CAGR | +10.85% | +8.57% | +2.28% |
| 5Y CAGR | +9.68% | +8.39% | +1.29% |
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
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into Aditya Birla Sun Life 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 | +0.48% | -12.85% | +13.33% | |
| 2025 | +11.30% | +11.97% | -0.67% | |
| 2024 | +14.28% | +10.16% | +4.12% | |
| 2023 | +17.93% | +21.69% | -3.76% | |
| 2022 | +5.51% | +5.68% | -0.17% | |
| 2021 | +14.82% | +25.49% | -10.67% | |
| 2020 | +16.64% | +16.57% | +0.07% | |
| 2019 | +9.25% | +13.43% | -4.18% | |
| 2018 | +1.92% | +4.40% | -2.48% | |
| 2017 | +16.70% | +30.12% | -13.42% |
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.
Taxation
Taxed as equityThis 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.
Flat, on the whole gain
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.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Equity77.40%
- Debt15.58%
- Cash & Equivalents4.21%
- Real Estate / REITs2.81%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹9,211Cr 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
Aditya Birla Sun Life Mutual Fund is run by Aditya Birla Sun Life AMC, a joint venture between the Aditya Birla Group and Sun Life Financial of Canada. In business since 1994 and listed on the exchanges since 2021, it is among India's larger houses across equity, debt and hybrid.
Fund Managers
MSMohit SharmaManaging since 01 Apr 2017
PGDCM years Calcutta; B Tech – IIT Madras
He has over 19 years of experience of which 12 years are in financial markets. He joined Aditya Birla Sun Life AMC Ltd on October 2015. Prior to joining Aditya Birla Sun Life AMC Limited, he ran his own healthcare- tech business (June 2012 - May 2015). He has also worked as an Interest Rates Trader in Standard Chartered Bank (May 2007 - June 2011) and ICICI Bank Ltd (June 2006 - April 2007). He started his career in the Equity Research in Irevna Ltd (June 2005 - June 2006). under his Fund Management Responsibilities jointly with Mr. Lovelish Solanki Ms. Sunaina Da Cunha - Mr. Bhupesh Bameta Fund - - Mr. Kaustubh Gupta Ms. Sunaina Da Cunha Mr. Kaustubh Gupta and Mr. Anuj Jain - Mr. Harshil Suvarnkar Mr. Kaustubh Gupta Mr. Sanjay Godambe - Mr. Bhupesh Bameta Mr. Sanjay Godambe Financial Mr. Sanjay Pawar
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HKHarish KrishnanManaging since 31 Oct 2024
PGDBM from IIM, CFA
He has an experience of over 21 years November 01, in Asset Management industry both 2024 domestically and internationally. Prior to joining Aditya Birla Sun Life AMC Limited (“ABSLAMC”), he was associated with Kotak Mutual Fund for more than 10 years as Senior Fund Manager - Equity. He has also worked at Kotak Mahindra (UK) Limited where he managed offshore funds based out of Singapore and Dubai. Fund Management Responsibilities jointly with Mr. Dhaval Gala and Mr. Dhaval Joshi Mr. Kunal Sangoi
LSLovelish SolankiManaging since 09 Oct 2019
MMS BMS (Finance)
He has over 17 years of experience in Trading and Dealing. Prior to joining Aditya Birla Sun Life 15, 2014 AMC Limited, he was Equity /Equity Derivatives - Trader at Union KBC Asset Management Co Limited since February 2011. Before that he worked at Edelweiss Asset Management Co. Ltd since January 2008.
RKRohit KaranManaging since 02 Apr 2026
PGDM, IIM Ahmedabad, Bachelor of Technology, IIT Kanpur
Mr. Rohit Karan has over 16 years of experience of Fund management and trading Equities Long Short, options and fixed income portfolios. Prior to joining ABSLAMC, he was associated as a Senior Portfolio Manager with Tara Capital Partners Private Limited, ICICI Prudential AMC (Alternates) and as a systematic trader in ARJ Securities, Franklin Templeton Alternatives, DSP Blackrock Investments, Reliance Industries Limited and few others in the past.
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.
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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.
From the blog
Frequently asked questions
What is the NAV of Aditya Birla Sun Life Balanced Advantage Fund?
As of 01 Oct 2026, the NAV of Aditya Birla Sun Life Balanced Advantage Fund is ₹126.08 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Aditya Birla Sun Life Balanced Advantage Fund delivered?
Aditya Birla Sun Life Balanced Advantage Fund has returned +4.42% over 1 year, +10.85% per year over 3 years, +9.68% per year over 5 years and +11.08% 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 Aditya Birla Sun Life Balanced Advantage Fund?
Aditya Birla Sun Life 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 Aditya Birla Sun Life Balanced Advantage Fund?
Aditya Birla Sun Life Balanced Advantage Fund's largest holdings are ICICI Bank Ltd. (4.1%), Kotak Mahindra Bank Ltd. (2.9%), HDFC Bank Ltd. (2.6%), IndiGrid Infrastructure Trust (2.2%) and Reliance Industries Ltd. (2.1%). Holdings are disclosed monthly and change over time.
How risky is Aditya Birla Sun Life Balanced Advantage Fund?
Aditya Birla Sun Life Balanced Advantage Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 8.3% and its worst peak-to-trough fall in our sample was -26.4%. 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 0.53 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Aditya Birla Sun Life Balanced Advantage Fund's 0.53 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of Aditya Birla Sun Life Balanced Advantage Fund?
Aditya Birla Sun Life 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 Aditya Birla Sun Life Balanced Advantage Fund?
Aditya Birla Sun Life Balanced Advantage Fund is managed by Mohit Sharma, Harish Krishnan, Lovelish Solanki and Rohit Karan at Aditya Birla Sun Life.
How is Aditya Birla Sun Life Balanced Advantage Fund taxed?
Aditya Birla Sun Life 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.