HybridDynamic Asset Allocation or Balanced AdvantageDirectIDCWHigh

Aditya Birla Sun Life Balanced Advantage Fund

Q: What is the NAV of Aditya Birla Sun Life Balanced Advantage Fund?

As of 05 Oct 2026, the NAV of Aditya Birla Sun Life Balanced Advantage Fund is ₹29.17 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Aditya Birla Sun Life Balanced Advantage Fund delivered?

Aditya Birla Sun Life Balanced Advantage Fund has returned -2.88% over 1 year, +3.39% per year over 3 years, +2.33% per year over 5 years and +4.65% 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 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.

Q: 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 8.5% and its worst peak-to-trough fall in our sample was -31.7%. 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 -0.37 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 -0.37 means it has not compensated investors for its volatility over the window. Higher is better.

Q: 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.

Q: 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.

Q: 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.

Aditya Birla Sun Life Mutual Fund · Best Balanced Advantage Mutual Funds

NAV

₹29.17

+0.28% 1D

as of 05 Oct 2026

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 distributed and reinvested in more units, which is why this NAV sits below the growth plan of the same fund.

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Performance

-3.31%absolute

52-week rangePrev NAV ₹29.09

Latest ₹29.17

Low ₹28.0440th percentile of its 52-week rangeHigh ₹30.87

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 8.5% (no category average yet)

Cost—

Expense ratio not available yet

ConsistencyModerate

86% of rolling 3Y windows were positive

Key Metrics

Annual fee charged by the fund, already deducted from NAV

—

Category —

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

—

Category —

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

-0.37

Category —

Scheme Info

Definitions

Plan

Direct · IDCW

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

None

In respect of each purchase / switch-in of Units: For redemption/switch out of units on or before 7 days from the date of allotment: 0.25% of applicable NAV. For redemption/switch out of units after 7 days from the date of allotment: Nil.

Up to 0.25%

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.

13 Oct 2014

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

Definitions

Absolute return over the last 1 month (not annualized)

-4.20%

Absolute return over the last 3 months (not annualized)

-3.47%

Absolute return over the last 6 months (not annualized)

+2.93%

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

-4.70%

Annualized returns (≥1Y — CAGR)

Definitions

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

-2.88%

3-year annualized return (CAGR)

+3.39%

5-year annualized return (CAGR)

+2.33%

10-year annualized return (CAGR)

+2.98%

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.

+4.65%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

8.50%

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

-0.37

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

-0.49

Largest peak-to-trough decline over full history

-31.67%

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

-2.94%

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

0.62

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

95.2%

Excess return per unit of beta (market risk)

-4.90

Active return over the benchmark per unit of tracking error

-0.48

Annualized std dev of fund-minus-benchmark returns

5.71%

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

61.1%

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

63.7%

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	-4.20%	—	—
3M abs	-3.47%	—	—
6M abs	+2.93%	—	—
1Y CAGR	-2.88%	—	—
3Y CAGR	+3.39%	—	—
5Y CAGR	+2.33%	—	—

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

₹6.34L

Absolute

+5.65%

XIRR

+2.24%

Value vs. invested

ValueInvested

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	-4.70%	-12.85%	+8.15%
2025	+3.80%	+11.97%	-8.17%
2024	+6.46%	+10.16%	-3.70%
2023	+9.88%	+21.69%	-11.81%
2022	-0.67%	+5.68%	-6.35%
2021	+8.79%	+25.49%	-16.70%
2020	+8.56%	+16.57%	-8.01%
2019	+0.51%	+13.43%	-12.92%
2018	-6.96%	+4.40%	-11.36%
2017	+6.69%	+30.12%	-23.43%

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

2,948

Portfolio turnover

175%

Exit load

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


Aditya Birla Sun Life Balanced Advantage FundThis fund Aditya Birla Sun Life · Direct · IDCW	—	-2.88%	+3.39%	+2.33%	—	—	—
quant Dynamic Asset Allocation Fund quant · Direct · IDCW	—	-1.95%	+13.04%	—	—	1.54%	₹902.64Cr
SBI Balanced Advantage Fund SBI · Direct · IDCW	—	+0.23%	+9.16%	+9.53%	—	0.86%	₹40,549Cr
Kotak Balanced Advantage Fund Kotak Mahindra · Direct · IDCW	—	+0.38%	+8.94%	+8.42%	—	0.83%	₹16,987Cr
Bank of India Balanced Advantage Fund Bank of India · Direct · IDCW	—	+2.89%	+8.66%	+9.92%	—	1.39%	₹155.92Cr
NJ Balanced Advantage Fund NJ · Direct · IDCW	—	-1.18%	+7.73%	—	—	1.14%	₹3,413Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity77.40%
Debt15.58%
Cash & Equivalents4.21%
Real Estate / REITs2.81%

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.

-31.7%12 Sep 2017 → 23 Mar 2020
Fell over 2.5 years, back to the old high on 30 Dec 2020 — 9 months under water after the low.
-12.4%19 Aug 2015 → 29 Feb 2016
Fell over 6 months, back to the old high on 20 Apr 2016 — 2 months under water after the low.
-11.5%23 Sep 2024 → 28 Feb 2025
Still below that high — 5 months down, and no recovery yet.

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.

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.

Launched

22 Dec 1994

Total AUM

₹4,41,787Cr+3.3% QoQ

Avg AUM · July - September 2026

Website

mutualfund.adityabirlacapital.com

Fund Managers

MSMohit SharmaManaging since 01 Apr 2017

Education

PGDCM years Calcutta; B Tech – IIT Madras

Experience

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

Funds managed (12)

All schemes Mohit Sharma runs →

HKHarish KrishnanManaging since 31 Oct 2024

Education

PGDBM from IIM, CFA

Experience

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

Funds managed (6)

All schemes Harish Krishnan runs →

LSLovelish SolankiManaging since 09 Oct 2019

Education

MMS BMS (Finance)

Experience

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.

Funds managed (3)

All schemes Lovelish Solanki runs →

RKRohit KaranManaging since 02 Apr 2026

Education

PGDM, IIM Ahmedabad, Bachelor of Technology, IIT Kanpur

Experience

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.

Explore from here

Fund managers

Mohit Sharma Harish Krishnan Lovelish Solanki

Aditya Birla Sun Life 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.

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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.

Frequently asked questions

What is the NAV of Aditya Birla Sun Life Balanced Advantage Fund?

As of 05 Oct 2026, the NAV of Aditya Birla Sun Life Balanced Advantage Fund is ₹29.17 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 -2.88% over 1 year, +3.39% per year over 3 years, +2.33% per year over 5 years and +4.65% 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 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 8.5% and its worst peak-to-trough fall in our sample was -31.7%. 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 -0.37 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 -0.37 means it has not compensated investors for its volatility over the window. 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.