HybridDynamic Asset Allocation or Balanced AdvantageRegularGrowthHigh

Axis Balanced Advantage Fund

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

As of 05 Oct 2026, the NAV of Axis Balanced Advantage Fund is ₹20.81 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Axis Balanced Advantage Fund delivered?

Axis Balanced Advantage Fund has returned -0.62% over 1 year, +9.52% per year over 3 years, +7.69% per year over 5 years and +8.25% 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 Axis Balanced Advantage Fund?

Axis Balanced Advantage Fund charges an expense ratio of 2.15% 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 Axis Balanced Advantage Fund?

Axis Balanced Advantage Fund's largest holdings are ICICI Bank Limited (6.1%), HDFC Bank Limited (5.4%), Reliance Industries Limited (4.5%), State Bank of India (3.5%) and Infosys Limited (2.4%). Holdings are disclosed monthly and change over time.

Q: How risky is Axis Balanced Advantage Fund?

Axis 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 -17.3%. 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. Axis Balanced Advantage Fund's 0.37 means it has rewarded its volatility with excess return. Higher is better.

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

Axis 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 Axis Balanced Advantage Fund?

Axis Balanced Advantage Fund is managed by Jayesh Sundar, Devang Shah and Hardik Shah at Axis.

Q: How is Axis Balanced Advantage Fund taxed?

Axis 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.

Axis Mutual Fund · Best Balanced Advantage Mutual Funds

NAV

₹20.81

+0.29% 1D

as of 05 Oct 2026

This is the Regular plan of Axis 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.

Compare SIP calculator

Performance

-0.95%absolute

52-week rangePrev NAV ₹20.75

Latest ₹20.81

Low ₹20.0343rd percentile of its 52-week rangeHigh ₹21.85

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.

PerformanceStrong

3Y CAGR +9.52% · ranks 6 of 30 Dynamic Asset Allocation or Balanced Advantage funds

RiskModerate

Volatility 8.1% vs 8.5% category avg

CostAverage

2.1% expense vs 2.3% category avg

ConsistencyHigh

100% 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

3-year return (+9.52%) beats the Dynamic Asset Allocation or Balanced Advantage average (+7.50%)
5-year return (+7.69%) beats the Dynamic Asset Allocation or Balanced Advantage average (+7.06%)
Stronger risk-adjusted returns — Sharpe 0.37 vs 0.12 Dynamic Asset Allocation or Balanced Advantage average
Consistent — positive in 100% of rolling 3-year windows

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.15%

Category 2.30%▼0.15%

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

21.11

Category —

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

0.37

Category 0.12▲0.25

Scheme Info

Definitions

Plan

Regular · Growth

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

None

If redeemed / switched-out within 12 months from the date of allotment For 10% of investments: Nil FIFO basis,for remaining investments: 1% w.e.f., 25/09/2017

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

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.

07 Aug 2017

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

Definitions

Absolute return over the last 1 month (not annualized)

-3.21%

Absolute return over the last 3 months (not annualized)

-3.16%

Absolute return over the last 6 months (not annualized)

+3.02%

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

-3.97%

Annualized returns (≥1Y — CAGR)

Definitions

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

-0.62%

3-year annualized return (CAGR)

+9.52%

5-year annualized return (CAGR)

+7.69%

10-year annualized return (CAGR)

—

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.

+8.25%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

8.07%

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%)

0.51

Largest peak-to-trough decline over full history

-17.25%

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

2.90%

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

0.62

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

94.8%

Excess return per unit of beta (market risk)

5.09

Active return over the benchmark per unit of tracking error

0.60

Annualized std dev of fund-minus-benchmark returns

5.80%

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

75.2%

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

45.8%

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	-3.21%	-3.06%	-0.15%
3M abs	-3.16%	-2.44%	-0.72%
6M abs	+3.02%	+4.41%	-1.39%
1Y CAGR	-0.62%	-0.76%	+0.14%
3Y CAGR	+9.52%	+7.50%	+2.02%
5Y CAGR	+7.69%	+7.06%	+0.63%

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

-0.62%

Beats 51.4% · rank #18

3Y return

+9.52%

Beats 82.8% · rank #6

5Y return

+7.69%

Beats 63.2% · rank #8

Sharpe

0.37

Beats 93.1% · rank #3

Sortino

0.51

Beats 93.1% · rank #3

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

₹7.22L

Absolute

+20.29%

XIRR

+7.56%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Axis 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	-3.97%	-12.85%	+8.88%
2025	+6.96%	+11.97%	-5.01%
2024	+17.52%	+10.16%	+7.36%
2023	+19.97%	+21.69%	-1.72%
2022	-0.42%	+5.68%	-6.10%
2021	+15.72%	+25.49%	-9.77%
2020	+10.06%	+16.57%	-6.51%
2019	+5.89%	+13.43%	-7.54%
2018	+2.69%	+4.40%	-1.71%
2017part	+3.48%	—	—

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

2,264

Expense ratio

2.15%

AUM

₹3,759Cr

Exit load

If redeemed / switched-out within 12 months from the date of allotment For 10% of investments: Nil FIFO basis, for remaining investments: 1% w.e.f., 25/09/2017

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

P/E ratio

21.1

P/B ratio

4.5

Avg market cap

₹5,00,836Cr

P/E & P/B are portfolio-weighted harmonic means across 95 of 107 equity holdings (71% 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


Axis Balanced Advantage FundThis fund Axis · Regular · Growth	★★★★☆	-0.62%	+9.52%	+7.69%	—	2.15%	₹3,759Cr
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 — 97% of the equity sleeve priced.

Large cap80.8%
Mid cap12.7%
Small cap6.5%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity76.46%
Debt21.84%
Cash & Equivalents1.72%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Axis Children's Fund Axis · Childrens' Fund	79.2% of 72% equity	★★☆☆☆	1.49%	+7.76%
Axis Aggressive Hybrid Fund Axis · Aggressive Hybrid Fund	78.6% of 75% equity	★★☆☆☆	1.18%	+8.70%
Axis Retirement Fund - Aggressive Axis · Retirement Fund	76.7% of 75% equity	★★★☆☆	1.26%	+9.96%
Axis Retirement Fund - Dynamic Axis · Retirement Fund	74.7% of 80% equity	★★★☆☆	1.34%	+10.86%
Canara Robeco Large Cap Fund Canara Robeco · Large Cap Fund	69.3%	★★★★☆	0.63%	+9.16%
HDFC NIFTY 100 Index Fund HDFC · Index Funds	66.7%	★★★☆☆	0.35%	+7.44%
Nippon India ETF Nifty 100 Nippon India · Other ETFs	66.7%	—	0.51%	+7.29%
Axis Nifty 100 Index Fund Axis · Index Funds	66.7%	★★★★☆	0.26%	+7.57%

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.

-17.3%13 Feb 2020 → 23 Mar 2020
Fell over 39 days, back to the old high on 05 Nov 2020 — 7 months under water after the low.
-10.2%17 Jan 2022 → 17 Jun 2022
Fell over 5 months, back to the old high on 30 Nov 2022 — 5 months under water after the low.
-9.3%28 Aug 2018 → 23 Oct 2018
Fell over 2 months, back to the old high on 03 Jun 2019 — 7 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

₹3,759Cr

April - June 2026

since January - March 2026

+₹109.01Cr

est. net flow, last quarter

At or near its largest, ₹3,759Cr 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

Axis Mutual Fund is run by Axis Asset Management, majority-owned by Axis Bank with the UK's Schroders holding the minority stake. It launched its first scheme in 2009 and grew quickly on a growth-oriented, quality-biased equity style.

Launched

03 Sep 2009

Total AUM

₹3,69,030Cr+2.6% QoQ

Avg AUM · April - June 2026

Website

axismf.com

Fund Managers

JSJayesh SundarManaging since 28 Sep 2023

Role

Fund Manager - Equity

Education

Chartered Accountant

Experience

Total number of years of years, his last 10 years’ experience are as follows: Axis Asset Management Company Ltd (September 21, 2023 - Current) Aviva Life Insurance India Ltd (October 06, 2012 – September 08, 2023)

Funds managed (7)

All schemes Jayesh Sundar runs →

DSDevang ShahManaging since 05 Apr 2024

Education

B. Com, ACA

Experience

Manager in the last 10 years management " 22 years, his last

Funds managed (18)

All schemes Devang Shah runs →

HSHardik ShahManaging since 31 Jan 2022

Role

Fund Manager – Fixed Income

Education

MBA (Finance), B.E(I.T)

Experience

15 years, his last 10 • Axis Asset Management Company Ltd (January 2022 – Present) • SBI LIFE Insurance Co. Ltd. (June 2020 – January 2022) • Nippon India Asset Management Co. Ltd. ( erst. Reliance Mutual Fund) ( July 2013 – June 2020) Quantum Mutual Fund (Nov 2009 – July 2013) 28

Funds managed (13)

All schemes Hardik 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

Jayesh Sundar Devang Shah Hardik Shah

Top holdings

ICICI Bank Limited HDFC Bank Limited Reliance Industries Limited State Bank of India Infosys Limited Bharti Airtel Limited Larsen & Toubro Limited Kotak Mahindra Bank Limited Mahindra & Mahindra Limited Sun Pharmaceutical Industries Limited Apollo Hospitals Enterprise Limited NTPC Limited

Axis 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 Axis Balanced Advantage Fund?

As of 05 Oct 2026, the NAV of Axis Balanced Advantage Fund is ₹20.81 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Axis Balanced Advantage Fund delivered?

Axis Balanced Advantage Fund has returned -0.62% over 1 year, +9.52% per year over 3 years, +7.69% per year over 5 years and +8.25% 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 Axis Balanced Advantage Fund?

Axis Balanced Advantage Fund charges an expense ratio of 2.15% 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 Axis Balanced Advantage Fund?

Axis Balanced Advantage Fund's largest holdings are ICICI Bank Limited (6.1%), HDFC Bank Limited (5.4%), Reliance Industries Limited (4.5%), State Bank of India (3.5%) and Infosys Limited (2.4%). Holdings are disclosed monthly and change over time.

How risky is Axis Balanced Advantage Fund?

Axis 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 -17.3%. 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. Axis Balanced Advantage Fund's 0.37 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Axis Balanced Advantage Fund?

Axis 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 Axis Balanced Advantage Fund?

Axis Balanced Advantage Fund is managed by Jayesh Sundar, Devang Shah and Hardik Shah at Axis.

How is Axis Balanced Advantage Fund taxed?

Axis 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.