HybridDynamic Asset Allocation or Balanced AdvantageRegularIDCWHigh

Kotak Balanced Advantage Fund

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

As of 01 Oct 2026, the NAV of Kotak Balanced Advantage Fund is ₹20.35 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Kotak Balanced Advantage Fund delivered?

Kotak Balanced Advantage Fund has returned -0.75% over 1 year, +7.50% per year over 3 years, +7.20% per year over 5 years and +9.09% 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 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.

Q: 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.

Q: 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.

Q: What does the Sharpe ratio of 0.13 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Kotak Balanced Advantage Fund's 0.13 means it has rewarded its volatility with excess return. Higher is better.

Q: 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.

Q: Who manages Kotak Balanced Advantage Fund?

Kotak Balanced Advantage Fund is managed by Rohit Tandon, Hiten Shah and Abhishek Bisen at Kotak Mahindra.

Q: 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.

Kotak Mahindra Mutual Fund · Best Balanced Advantage Mutual Funds

NAV

₹20.35

-0.70% 1D

as of 01 Oct 2026

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 distributed and paid out, which is why this NAV sits below the growth plan of the same fund.

Compare SIP calculator

Performance

-0.21%CAGR

52-week rangePrev NAV ₹20.49

Latest ₹20.35

Low ₹19.3548th percentile of its 52-week rangeHigh ₹21.41

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 8.0% (no category average yet)

Cost—

1.9% expense (no category average yet)

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

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

1.90%

Category —

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

20.63

Category —

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

0.13

Category —

Scheme Info

Definitions

Plan

Regular · IDCW

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

None

For redemption/switch out of upto 8% of the initial investment amount (limit) purchased or switched in within 180 Days from the date of allotment: Nil. If units redeemed or switched out are in excess of the limit within 180 Days from the date of allotment: 1%. If units are redeemed or switched out on or after 180 Days from the date of allotment: Nil. Any exit load charged (net off Goods and Services tax, if any) shall be credited back to the Scheme.

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 (Total Return

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.

10 Aug 2018

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

Definitions

Absolute return over the last 1 month (not annualized)

-4.12%

Absolute return over the last 3 months (not annualized)

-3.00%

Absolute return over the last 6 months (not annualized)

+4.02%

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

-3.33%

Annualized returns (≥1Y — CAGR)

Definitions

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

-0.75%

3-year annualized return (CAGR)

+7.50%

5-year annualized return (CAGR)

+7.20%

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.

+9.09%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

7.95%

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

0.13

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

0.17

Largest peak-to-trough decline over full history

-26.41%

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

1.19%

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

0.63

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

92.2%

Excess return per unit of beta (market risk)

2.01

Active return over the benchmark per unit of tracking error

0.27

Annualized std dev of fund-minus-benchmark returns

5.84%

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

71.4%

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

51.7%

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	-4.12%	—	—
3M abs	-3.00%	—	—
6M abs	+4.02%	—	—
1Y CAGR	-0.75%	—	—
3Y CAGR	+7.50%	—	—
5Y CAGR	+7.20%	—	—

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

₹7.02L

Absolute

+17.08%

XIRR

+6.45%

Value vs. invested

ValueInvested

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	-3.33%	-12.85%	+9.52%
2025	+5.97%	+11.97%	-6.00%
2024	+14.34%	+10.16%	+4.18%
2023	+16.05%	+21.69%	-5.64%
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.

History points

2,002

Expense ratio

1.90%

AUM

₹16,987Cr

Portfolio turnover

191%

Exit load

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

P/E ratio

20.6

P/B ratio

4.6

Avg market cap

₹4,46,807Cr

P/E & P/B are portfolio-weighted harmonic means across 114 of 134 equity holdings (67% 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


Kotak Balanced Advantage FundThis fund Kotak Mahindra · Regular · IDCW	—	-0.75%	+7.50%	+7.20%	—	1.90%	₹16,987Cr
quant Dynamic Asset Allocation Fund quant · Regular · IDCW	—	-3.55%	+10.47%	—	—	3.00%	₹902.64Cr
SBI Balanced Advantage Fund SBI · Regular · IDCW	—	-0.43%	+7.98%	+8.51%	—	1.67%	₹40,549Cr
Bank of India Balanced Advantage Fund Bank of India · Regular · IDCW	—	+1.38%	+7.08%	+8.83%	—	2.67%	₹155.92Cr
NJ Balanced Advantage Fund NJ · Regular · IDCW	—	-2.50%	+6.07%	—	—	2.42%	₹3,413Cr
UTI Balanced Advantage Fund UTI · Regular · IDCW	—	-4.53%	+5.96%	—	—	2.01%	₹2,993Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 97% of the equity sleeve priced.

Large cap73.9%
Mid cap13.7%
Small cap12.4%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity73.35%
Debt19.53%
Cash & Equivalents6.60%
Real Estate / REITs0.52%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Kotak Large Cap Fund Kotak Mahindra · Large Cap Fund	64.8%	★★★★☆	0.76%	+8.81%
Bandhan Nifty 100 Index Fund Bandhan · Index Funds	59.0%	★★★☆☆	0.18%	+7.26%
Nippon India ETF Nifty 100 Nippon India · Other ETFs	59.0%	—	0.51%	+6.90%
HDFC NIFTY 100 Index Fund HDFC · Index Funds	58.9%	★★☆☆☆	0.35%	+7.05%
Zerodha Nifty 100 ETF Zerodha · Other ETFs	58.9%	—	0.28%	—
Axis Nifty 100 Index Fund Axis · Index Funds	58.9%	★★★☆☆	0.26%	+7.18%
Parag Parikh Large Cap Fund PPFAS · Large Cap Fund	58.8%	—	0.32%	—
Bandhan Nifty 50 Index Fund Bandhan · Index Funds	57.1%	★★★☆☆	0.16%	+5.52%

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.

🚩Holdings under NSE surveillance (ASM)

3 holdings — 1.84% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

Sansera Engineering LimitedLong-term · Stage I1.10%
PB Fintech LimitedShort-term · Stage I0.61%
Mtar Technologies LimitedLong-term · Stage IV0.13%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

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.

-26.4%12 Feb 2020 → 23 Mar 2020
Fell over 40 days, back to the old high on 28 Jul 2020 — 4 months under water after the low.
-9.5%26 Sep 2024 → 28 Feb 2025
Fell over 5 months, back to the old high on 26 May 2025 — 3 months under water after the low.
-8.6%02 Jan 2026 → 30 Mar 2026
Fell over 3 months, back to the old high on 31 Jul 2026 — 4 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

₹16,987Cr

April - June 2026

-2%

since January - March 2026

+₹125.86Cr

est. net flow, last quarter

At 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.

Launched

04 Aug 1994

Total AUM

₹5,90,460Cr+1.6% QoQ

Avg AUM · April - June 2026

Website

kotakmf.com

Fund Managers

RTRohit TandonManaging since 22 Jan 2024

Role

Equity Fund Manager

Education

B.E.(Mechanical) Punjab University Chandigarh & PGDM (IIM Bangalore)

Experience

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

Funds managed (6)

All schemes Rohit Tandon runs →

HSHiten ShahManaging since 03 Oct 2019

Role

Equity Fund Manager and Dealer

Education

Master of Management studies from Mumbai University & BCOM

Experience

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

Funds managed (5)

All schemes Hiten Shah runs →

ABAbhishek BisenManaging since 03 Aug 2018

Role

Head - Fixed Income, Debt Fund Manager and Dealer

Education

B A Management, MBA Finance EPAF- IIM-C

Experience

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

Funds managed (80)

All schemes Abhishek Bisen 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

Rohit Tandon Hiten Shah Abhishek Bisen

Top holdings

ICICI BANK LTD.STATE BANK OF INDIA.RELIANCE INDUSTRIES LTD.HDFC BANK LTD.BHARTI AIRTEL LTD.Larsen and Toubro Ltd.BAJAJ FINANCE LTD.Infosys Ltd.Solar Industries India Limited Ultratech Cement Ltd.ETERNAL LIMITED Mahindra & Mahindra Ltd.

Kotak Mahindra 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 Kotak Balanced Advantage Fund?

As of 01 Oct 2026, the NAV of Kotak Balanced Advantage Fund is ₹20.35 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 -0.75% over 1 year, +7.50% per year over 3 years, +7.20% per year over 5 years and +9.09% 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 0.13 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Kotak Balanced Advantage Fund's 0.13 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.