Kotak Balanced Advantage Fund
Kotak Mahindra Mutual Fund · Best Balanced Advantage Mutual Funds
This is the Regular plan of Kotak 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.
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 +7.74% · ranks 16 of 30 Dynamic Asset Allocation or Balanced Advantage funds
Volatility 8.0% vs 8.5% category avg
1.9% expense vs 2.3% category avg
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
- Stronger risk-adjusted returns — Sharpe 0.16 vs 0.13 Dynamic Asset Allocation or Balanced Advantage average
- Low expense ratio (1.90%) vs the Dynamic Asset Allocation or Balanced Advantage average of 2.31%
- Consistent — positive in 100% of rolling 3-year windows
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 | -3.46% | -3.05% | -0.41% |
| 3M abs | -3.13% | -2.44% | -0.69% |
| 6M abs | +4.54% | +4.36% | +0.18% |
| 1Y CAGR | -0.70% | -0.75% | +0.05% |
| 3Y CAGR | +7.74% | +7.56% | +0.18% |
| 5Y CAGR | +7.17% | +7.08% | +0.09% |
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 Kotak 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 | -2.92% | -12.85% | +9.93% | |
| 2025 | +5.97% | +11.97% | -6.00% | |
| 2024 | +14.34% | +10.16% | +4.18% | |
| 2023 | +16.06% | +21.69% | -5.63% | |
| 2022 | +3.76% | +5.68% | -1.92% | |
| 2021 | +12.96% | +25.49% | -12.53% | |
| 2020 | +13.64% | +16.57% | -2.93% | |
| 2019 | +12.14% | +13.43% | -1.29% | |
| 2018part | +0.02% | — | — |
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- Equity73.35%
- Debt19.53%
- Cash & Equivalents6.60%
- Real Estate / REITs0.52%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹17,362Cr 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
Kotak Mahindra Mutual Fund is run by Kotak Mahindra Asset Management, part of the Kotak Mahindra Bank group, and has been in the business since 1998. It was the first Indian fund house to launch a dedicated gilt scheme, and today runs one of the country's larger equity and debt line-ups.
Fund Managers
RTRohit TandonManaging since 22 Jan 2024
Equity Fund Manager
B.E.(Mechanical) Punjab University Chandigarh & PGDM (IIM Bangalore)
Mr. Rohit has over 19 years of experience in equity research & and fund management. Prior to joining KMAMC he was the Head (Equities) at Reliance Nippon Life Insurance. Before that he has worked with Max Life Insurance as Senior Fund Manager (Equities) for 14 years. He has also worked as a sell-side analyst in Power, Infrastructure & Capital Goods sectors in JP Morgan India for
HSHiten ShahManaging since 03 Oct 2019
Equity Fund Manager and Dealer
Master of Management studies from Mumbai University & BCOM
Mr. Hiten Shah, is a MMS in Finance with over 16 years of work experience. Prior to joining Kotak Mahindra Mutual fund, he was associated with Edelweiss Asset Management for more than 8 years as a Co-Fund manager and Chief dealer in equities segment. Mr. Hiten Shah was also associated with Edelweiss securities Ltd. as low risk arbitrage trader for more than
ABAbhishek BisenManaging since 03 Aug 2018
Head - Fixed Income, Debt Fund Manager and Dealer
B A Management, MBA Finance EPAF- IIM-C
Mr. Abhishek Bisen has been associated with the company since October 2006 and his key responsibilities include fund management of debt schemes. Prior to joining Kotak AMC, Abhishek was working with Securities Trading Corporation of India Ltd where he was looking at Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. His earlier assignments also include 2 years of merchant banking experience with a leading merchant banking firm. Mr. Abhishek Bisen has been associated with the Kotak AMC since October 2006 and his key responsibilities include fund management of debt schemes. Prior to joining Kotak AMC, Abhishek was working with Securities Trading Corporation of India Ltd where he was looking at Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. His earlier assignments also include 2 years of merchant banking experience with a leading merchant banking firm
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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.
Frequently asked questions
What is the NAV of Kotak Balanced Advantage Fund?
As of 05 Oct 2026, the NAV of Kotak Balanced Advantage Fund is ₹20.43 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Kotak Balanced Advantage Fund delivered?
Kotak Balanced Advantage Fund has returned -0.70% over 1 year, +7.74% per year over 3 years, +7.17% per year over 5 years and +9.13% 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 Kotak Balanced Advantage Fund?
Kotak Balanced Advantage Fund charges an expense ratio of 1.90% 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 Kotak Balanced Advantage Fund?
Kotak Balanced Advantage Fund's largest holdings are Central Government - 2064(^) (5.8%), ICICI BANK LTD. (5.2%), STATE BANK OF INDIA. (3.9%), RELIANCE INDUSTRIES LTD. (3.4%) and HDFC BANK LTD. (2.9%). Holdings are disclosed monthly and change over time.
How risky is Kotak Balanced Advantage Fund?
Kotak Balanced Advantage Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 8.0% 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 0.16 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Kotak Balanced Advantage Fund's 0.16 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of Kotak Balanced Advantage Fund?
Kotak Balanced Advantage Fund is benchmarked against the NIFTY 50 Hybrid composite debt 50:50 Index (Total Return. Its alpha and beta on this page are measured against that index.
Who manages Kotak Balanced Advantage Fund?
Kotak Balanced Advantage Fund is managed by Rohit Tandon, Hiten Shah and Abhishek Bisen at Kotak Mahindra.
How is Kotak Balanced Advantage Fund taxed?
Kotak 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.