HybridDynamic Asset Allocation or Balanced AdvantageDirectGrowthHigh

PGIM India Balanced Advantage Fund

Q: What is the NAV of PGIM India Balanced Advantage Fund?

As of 01 Oct 2026, the NAV of PGIM India Balanced Advantage Fund is ₹15.84 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has PGIM India Balanced Advantage Fund delivered?

PGIM India Balanced Advantage Fund has returned -4.12% over 1 year, +6.33% per year over 3 years, +6.76% per year over 5 years and +8.17% 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 PGIM India Balanced Advantage Fund?

PGIM India Balanced Advantage Fund charges an expense ratio of 0.91% 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 PGIM India Balanced Advantage Fund?

PGIM India Balanced Advantage Fund's largest holdings are ICICI Bank Ltd. (6.0%), HDFC Bank Ltd. (5.0%), Reliance Industries Ltd. (4.0%), Bharti Airtel Ltd. (3.0%) and 7.18% Government of India (2.5%). Holdings are disclosed monthly and change over time.

Q: How risky is PGIM India Balanced Advantage Fund?

PGIM India Balanced Advantage Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 9.2% and its worst peak-to-trough fall in our sample was -11.6%. 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 -0.02 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. PGIM India Balanced Advantage Fund's -0.02 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of PGIM India Balanced Advantage Fund?

PGIM India 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 PGIM India Balanced Advantage Fund?

PGIM India Balanced Advantage Fund is managed by Puneet Pal, Vinay Paharia, Anandha Padmanabhan Anjeneyan and Utsav Mehta at PGIM India.

Q: How is PGIM India Balanced Advantage Fund taxed?

PGIM India 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.

PGIM India Mutual Fund · Best Balanced Advantage Mutual Funds

NAV

₹15.84

-0.56% 1D

as of 01 Oct 2026

This is the Direct plan of PGIM India 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.

Compare SIP calculator

Performance

-3.53%CAGR

52-week rangePrev NAV ₹15.93

Latest ₹15.84

Low ₹15.2930th percentile of its 52-week rangeHigh ₹17.10

Scorecard

★★☆☆☆2/5 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.

PerformanceBelow avg

3Y CAGR +6.33% · ranks 28 of 30 Dynamic Asset Allocation or Balanced Advantage funds

RiskModerate

Volatility 9.2% vs 8.4% category avg

CostLow

0.9% expense vs 1.1% 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

Low expense ratio (0.91%) vs the Dynamic Asset Allocation or Balanced Advantage average of 1.09%
Consistent — positive in 100% of rolling 3-year windows

Concerns

Trails the Dynamic Asset Allocation or Balanced Advantage average on 1M/3M/6M/1Y — 1Y by 4.61pp
3-year return (+6.33%) trails the Dynamic Asset Allocation or Balanced Advantage average (+8.73%)
5-year return (+6.76%) trails the Dynamic Asset Allocation or Balanced Advantage average (+8.55%)
Ranks #36 of 36 on 1-year return in its Dynamic Asset Allocation or Balanced Advantage cohort
Weaker risk-adjusted returns — Sharpe -0.02 below the Dynamic Asset Allocation or Balanced Advantage average of 0.27

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.91%

Category 1.09%▼0.18%

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

21.35

Category 22.83▼1.48

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

-0.02

Category 0.27▼0.29

Scheme Info

Definitions

Plan

Direct · Growth

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

None

- For each purchase of units through Lumpsum / switch‐in /Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP), exit load will be as follows: For Exits within 90 days from date of allotment of units: 0.50%; For Exits beyond 90 days from date of allotment of units: NIL The entire exit load (net of Goods and Services tax), charged, if any, shall be credited to the Scheme.

Up to 0.50%

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

₹1,000

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

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.

08 Feb 2021

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

Definitions

Absolute return over the last 1 month (not annualized)

-4.92%

Absolute return over the last 3 months (not annualized)

-3.88%

Absolute return over the last 6 months (not annualized)

+2.39%

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

-6.44%

Annualized returns (≥1Y — CAGR)

Definitions

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

-4.12%

3-year annualized return (CAGR)

+6.33%

5-year annualized return (CAGR)

+6.76%

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.

+8.17%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

9.23%

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

-0.02

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

-0.03

Largest peak-to-trough decline over full history

-11.64%

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

0.09%

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

0.72

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

95.7%

Excess return per unit of beta (market risk)

0.07

Active return over the benchmark per unit of tracking error

0.08

Annualized std dev of fund-minus-benchmark returns

4.51%

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

79.6%

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

70.2%

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	-4.92%	-3.51%	-1.41%
3M abs	-3.88%	-1.98%	-1.90%
6M abs	+2.39%	+4.70%	-2.31%
1Y CAGR	-4.12%	+0.49%	-4.61%
3Y CAGR	+6.33%	+8.73%	-2.40%
5Y CAGR	+6.76%	+8.55%	-1.79%

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

-4.12%

Beats 0% · rank #36

3Y return

+6.33%

Beats 6.9% · rank #28

5Y return

+6.76%

Beats 15.8% · rank #17

Sharpe

-0.02

Beats 6.9% · rank #28

Sortino

-0.03

Beats 6.9% · rank #28

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

₹6.83L

Absolute

+13.85%

XIRR

+5.30%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into PGIM India 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	-6.44%	-12.85%	+6.41%
2025	+8.04%	+11.97%	-3.93%
2024	+12.01%	+10.16%	+1.85%
2023	+17.37%	+21.69%	-4.32%
2022	+2.94%	+5.68%	-2.74%
2021part	+13.86%	—	—

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

1,391

Expense ratio

0.91%

AUM

₹805.03Cr

Portfolio turnover

69%

Exit load

P/E ratio

21.4

P/B ratio

4.8

Avg market cap

₹4,69,208Cr

P/E & P/B are portfolio-weighted harmonic means across 64 of 69 equity holdings (73% 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


PGIM India Balanced Advantage FundThis fund PGIM India · Direct · Growth	★★☆☆☆	-4.12%	+6.33%	+6.76%	21.35	0.91%	₹805.03Cr
quant Dynamic Asset Allocation Fund quant · Direct · Growth	★★★☆☆	-2.15%	+12.10%	—	29.52	1.54%	₹902.64Cr
WhiteOak Capital Balanced Advantage Fund WhiteOak Capital · Direct · Growth	★★★★☆	+1.92%	+11.00%	—	22.76	0.83%	₹2,152Cr
Aditya Birla Sun Life Balanced Advantage Fund Aditya Birla Sun Life · Direct · Growth	★★★★☆	+4.42%	+10.85%	+9.68%	22.83	0.89%	₹9,211Cr
Baroda BNP Paribas Balanced Advantage Fund Baroda BNP Paribas · Direct · Growth	★★★★☆	+3.08%	+10.75%	+10.29%	24.79	0.92%	₹4,798Cr
Axis Balanced Advantage Fund Axis · Direct · Growth	★★★★☆	+0.56%	+10.74%	+9.11%	21.11	1.07%	₹3,759Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap74.1%
Mid cap23.9%
Small cap2.0%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity75.49%
Debt20.19%
Cash & Equivalents4.32%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
PGIM India Large Cap Fund PGIM India · Large Cap Fund	71.7%	★☆☆☆☆	1.09%	+6.54%
Canara Robeco ELSS - Tax Saver Fund Canara Robeco · ELSS	63.4%	★★★☆☆	0.70%	+10.17%
Canara Robeco Flexi Cap Fund Canara Robeco · Flexi Cap Fund	63.3%	★★★☆☆	0.69%	+10.26%
PGIM India Aggressive Hybrid Equity Fund PGIM India · Aggressive Hybrid Fund	62.9% of 76% equity	★★☆☆☆	1.08%	+8.38%
PGIM India Flexi Cap Fund PGIM India · Flexi Cap Fund	62.7%	★★★☆☆	0.84%	+9.63%
Edelweiss Large Cap Fund Edelweiss · Large Cap Fund	62.6%	★★★☆☆	1.00%	+8.96%
Canara Robeco Large Cap Fund Canara Robeco · Large Cap Fund	62.5%	★★★★☆	0.63%	+8.81%
Bandhan Nifty 100 Index Fund Bandhan · Index Funds	61.9%	★★★☆☆	0.18%	+7.26%

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.

-11.6%05 Apr 2022 → 20 Jun 2022
Fell over 2 months, back to the old high on 16 Aug 2022 — 2 months under water after the low.
-10.7%23 Sep 2024 → 28 Feb 2025
Fell over 5 months, back to the old high on 06 Jun 2025 — 3 months under water after the low.
-10.6%27 Nov 2025 → 30 Mar 2026
Still below that high — 4 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.

Fund size over time

Quarterly average AUM · AMFI

₹805.03Cr

April - June 2026

-9%

since January - March 2026

−₹46.84Cr

est. net flow, last quarter

Down +9% from its peak of ₹881.54Cr 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

PGIM India Mutual Fund is the Indian arm of PGIM, the global asset management business of the US insurer Prudential Financial. It was formerly DHFL Pramerica Mutual Fund; PGIM bought out DHFL's stake in 2019 and renamed the house.

Launched

12 May 2010

Total AUM

₹27,859Cr+4.6% QoQ

Avg AUM · July - September 2026

Website

pgimindia.com/mutual-funds

Fund Managers

PPPuneet PalStart date not disclosed

Education

MBA (Finance) from Symbiosis Institute of Business Management, Pune Category of the Scheme Arbitrage Fund Balanced Advantage Fund Equity Savings Fund

Experience

More than 25 years of PGIM experience in the Debt markets Fund, PGIM India Flexi within the Mutual Fund space. Below are details on his past stints: • December 01, 2021 onwards – Head – Fixed Income - PGIM India Asset Fund, PGIM India Equity Management Private Savings Limited. • December 13, 2017 to November 30, 2021 Deputy Head - Fixed PGIM Income - PGIM India Asset Management Private Limited. • February 2012 to December 12, 2017 - Head - Fixed Income - BNP Paribas Asset Management India Pvt. Ltd. • July 2008 to February 2012 - Sr. Vice President & Fund Manager - UTI Asset Management Company Ltd. • August 2006 to July 2008 - Fund Manager - Tata Asset Management Ltd. • April 2004 to August 2006 - Asst. Fund Manager - UTI Asset Management Company Ltd. • June 2001 to March 2004 - Dealer - UTI Asset Management Company Ltd.

Funds managed (21)

All schemes Puneet Pal runs →

VPVinay PahariaStart date not disclosed

Education

B.Com.

Experience

Collectively over 22 years of experience in Indian financial markets, primarily in equity research & Fund Management:- • January 27, 2023 onwards - PGIM India Asset Management Private Limited - Chief Investment Officer • April 2018 to January 2023 - Union Asset Management Company Ltd. Last Position Held - Chief Investment Officer. • January 2007 to March 2018 – Invesco Asset Management Company Ltd. Last Position Held – Fund Manager - Equity

Funds managed (13)

All schemes Vinay Paharia runs →

AAAnandha Padmanabhan AnjeneyanStart date not disclosed

Education

B Com, ACA, CFA, FRM

Experience

Collectively over 17 years of experience in Indian financial markets, primarily in equity research: • June 1, 2021 onwards – PGIM India Asset Management Pvt. Ltd. – Equity Analyst and Assistant Fund Manager – Equity • January 2020 to May 31, 2021 – PGIM India Asset Management Pvt. Ltd. – Equity Analyst and Dedicated Fund Manager – Overseas Investments • March 2019 to January 2020 – PGIM India Asset Management Pvt. Ltd. – Equity Analyst • May 2018 to March 2019 – Equity Analyst – Renaissance Investment Managers Private Ltd. • August 2010 to May 2018 – Equity Analyst – Canara Robeco Asset Management Company Ltd. • September 2009 to August 2010 – Fixed Income Dealer- Canara Robeco Asset Management Company Ltd.

Funds managed (12)

All schemes Anandha Padmanabhan Anjeneyan runs →

UMUtsav MehtaStart date not disclosed

Education

B.Com., CFA : B.Com, ACA, CFA, FRM : M.M.S

Experience

Over 14 years of experience in Equity market, research and fund management : • October 23, 2023 onwards - PGIM India Asset Management Pvt Ltd. - Vice President - Fund Manager - Equity. • September 2018 to October 2023 - Edelweiss Asset Management Ltd - VP, Alternatives. • June 2014 to September 2018 - Ambit Capital - Sector Analyst - Institutional Equities. • January 2014 to May 2014 - MF Advisors LLP - Analyst – Investments. • November 2012 - December 2013 - Ambit Capital - Associate – Investment Research

Funds managed (5)

All schemes Utsav Mehta runs →

Fund manager, benchmark and dealing terms from 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

Puneet Pal Vinay Paharia Anandha Padmanabhan Anjeneyan Utsav Mehta

Top holdings

ICICI Bank Ltd.HDFC Bank Ltd.Reliance Industries Ltd.Bharti Airtel Ltd.State Bank of India Infosys Ltd.Bajaj Finance Ltd.Larsen & Toubro Ltd.Eternal Ltd.Titan Company Ltd.NTPC Ltd.TVS Motor Company Ltd.

PGIM India 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.

From the blog

Balanced advantage funds in 2026's falling market
01 Oct 2026
The Nifty 50 fell 13.4% from 31 December 2025 to 30 September 2026. The median balanced advantage fund lost 1.7%, and its worst dip was 8.7%.

Frequently asked questions

What is the NAV of PGIM India Balanced Advantage Fund?

As of 01 Oct 2026, the NAV of PGIM India Balanced Advantage Fund is ₹15.84 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has PGIM India Balanced Advantage Fund delivered?

PGIM India Balanced Advantage Fund has returned -4.12% over 1 year, +6.33% per year over 3 years, +6.76% per year over 5 years and +8.17% 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 PGIM India Balanced Advantage Fund?

PGIM India Balanced Advantage Fund charges an expense ratio of 0.91% 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 PGIM India Balanced Advantage Fund?

PGIM India Balanced Advantage Fund's largest holdings are ICICI Bank Ltd. (6.0%), HDFC Bank Ltd. (5.0%), Reliance Industries Ltd. (4.0%), Bharti Airtel Ltd. (3.0%) and 7.18% Government of India (2.5%). Holdings are disclosed monthly and change over time.

How risky is PGIM India Balanced Advantage Fund?

PGIM India Balanced Advantage Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 9.2% and its worst peak-to-trough fall in our sample was -11.6%. 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 -0.02 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. PGIM India Balanced Advantage Fund's -0.02 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of PGIM India Balanced Advantage Fund?

PGIM India 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 PGIM India Balanced Advantage Fund?

PGIM India Balanced Advantage Fund is managed by Puneet Pal, Vinay Paharia, Anandha Padmanabhan Anjeneyan and Utsav Mehta at PGIM India.

How is PGIM India Balanced Advantage Fund taxed?

PGIM India 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.

PGIM India Balanced Advantage Fund

Performance

Scorecard

Strengths & concerns

Strengths

Concerns

Key Metrics

Scheme Info

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

Annualized returns (≥1Y — CAGR)

Fund vs category average (Dynamic Asset Allocation or Balanced Advantage)

Category rank

Backtest this fund

Calendar-year returns

Taxation

Peer comparison · Dynamic Asset Allocation or Balanced Advantage

Market-cap allocation · AMFI bands, Jul 2026

Asset allocation

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

Fund size over time

AMC Profile

Fund Managers

Explore from here

PGIM India in the news

About Balanced Advantage funds

From the blog

Balanced advantage funds in 2026's falling market

Frequently asked questions

Peer comparison · Dynamic Asset Allocation or Balanced Advantage

Market-cap allocation · AMFI bands, Jul 2026

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