HybridDynamic Asset Allocation or Balanced AdvantageRegularGrowthHigh

SBI Balanced Advantage Fund

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

As of 05 Oct 2026, the NAV of SBI Balanced Advantage Fund is ₹15.33 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has SBI Balanced Advantage Fund delivered?

SBI Balanced Advantage Fund has returned -0.59% over 1 year, +8.23% per year over 3 years, +8.51% per year over 5 years and +8.68% 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 SBI Balanced Advantage Fund?

SBI Balanced Advantage Fund charges an expense ratio of 1.67% 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 SBI Balanced Advantage Fund?

SBI Balanced Advantage Fund's largest holdings are Reliance Industries Ltd. (4.4%), ICICI Bank Ltd. (3.8%), HDFC Bank Ltd. (3.6%), GAIL (India) Ltd. (2.6%) and Larsen & Toubro Ltd. (2.5%). Holdings are disclosed monthly and change over time.

Q: How risky is SBI Balanced Advantage Fund?

SBI Balanced Advantage Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 6.8% and its worst peak-to-trough fall in our sample was -7.6%. 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 0.26 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. SBI Balanced Advantage Fund's 0.26 means it has rewarded its volatility with excess return. Higher is better.

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

SBI 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 SBI Balanced Advantage Fund?

SBI Balanced Advantage Fund is managed by Dinesh Balachandran and Anup Upadhyay at SBI.

Q: How is SBI Balanced Advantage Fund taxed?

SBI 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.

SBI Mutual Fund · Best Balanced Advantage Mutual Funds

NAV

₹15.33

+0.25% 1D

as of 05 Oct 2026

This is the Regular plan of SBI 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.

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Performance

-0.82%absolute

52-week rangePrev NAV ₹15.30

Latest ₹15.33

Low ₹14.9928th percentile of its 52-week rangeHigh ₹16.22

Scorecard

★★★★★5/5 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.

PerformanceAverage

3Y CAGR +8.23% · ranks 13 of 30 Dynamic Asset Allocation or Balanced Advantage funds

RiskLow

Volatility 6.8% vs 8.5% category avg

CostLow

1.7% 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 (+8.23%) beats the Dynamic Asset Allocation or Balanced Advantage average (+7.55%)
5-year return (+8.51%) beats the Dynamic Asset Allocation or Balanced Advantage average (+7.01%)
Stronger risk-adjusted returns — Sharpe 0.26 vs 0.13 Dynamic Asset Allocation or Balanced Advantage average
Less volatile than its Dynamic Asset Allocation or Balanced Advantage peers (6.8% vs 8.5%)
Low expense ratio (1.67%) vs the Dynamic Asset Allocation or Balanced Advantage average of 2.31%

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.67%

Category 2.31%▼0.64%

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

17.56

Category —

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

0.26

Category 0.13▲0.13

Scheme Info

Definitions

Plan

Regular · Growth

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

None

- NIL - If units purchased or switched in from another scheme of the Fund are redeemed or switched out upto 10% of the units (the limit) purchased or switched on or before 1 year from the date of allotment. - 1% of the applicable NAV - If units purchased or switched in from another scheme of the Fund are redeemed or switched out in excess of the limit on or before 1 year from the date of allotment - NIL - If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 1 year from the date of allotment

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

₹250

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

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 Sep 2021

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

Definitions

Absolute return over the last 1 month (not annualized)

-3.09%

Absolute return over the last 3 months (not annualized)

-3.77%

Absolute return over the last 6 months (not annualized)

+1.45%

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

-4.95%

Annualized returns (≥1Y — CAGR)

Definitions

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

-0.59%

3-year annualized return (CAGR)

+8.23%

5-year annualized return (CAGR)

+8.51%

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.

+8.68%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

6.76%

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

0.26

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

0.35

Largest peak-to-trough decline over full history

-7.58%

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

1.57%

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

0.55

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

92.1%

Excess return per unit of beta (market risk)

3.14

Active return over the benchmark per unit of tracking error

0.30

Annualized std dev of fund-minus-benchmark returns

6.75%

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

68.8%

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

45.3%

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	-3.09%	-3.06%	-0.03%
3M abs	-3.77%	-2.42%	-1.35%
6M abs	+1.45%	+4.45%	-3.00%
1Y CAGR	-0.59%	-0.76%	+0.17%
3Y CAGR	+8.23%	+7.55%	+0.68%
5Y CAGR	+8.51%	+7.01%	+1.50%

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

-0.59%

Beats 54.3% · rank #17

3Y return

+8.23%

Beats 58.6% · rank #13

5Y return

+8.51%

Beats 78.9% · rank #5

Sharpe

0.26

Beats 69% · rank #10

Sortino

0.35

Beats 69% · rank #10

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

₹7.17L

Absolute

+19.53%

XIRR

+7.30%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into SBI 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	-4.95%	-12.85%	+7.90%
2025	+10.00%	+11.97%	-1.97%
2024	+13.46%	+10.16%	+3.30%
2023	+20.39%	+21.69%	-1.30%
2022	+5.07%	+5.68%	-0.61%
2021part	+1.66%	—	—

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

1,258

Expense ratio

1.67%

AUM

₹40,549Cr

Portfolio turnover

267%

Exit load

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

P/E ratio

17.6

P/B ratio

2.9

Avg market cap

₹4,03,780Cr

P/E & P/B are portfolio-weighted harmonic means across 65 of 73 equity holdings (63% 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


SBI Balanced Advantage FundThis fund SBI · Regular · Growth	★★★★★	-0.59%	+8.23%	+8.51%	—	1.67%	₹40,549Cr
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 — 100% of the equity sleeve priced.

Large cap71.6%
Mid cap19.5%
Small cap8.8%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity67.21%
Debt22.34%
Cash & Equivalents8.28%
Real Estate / REITs2.17%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
SBI Contra Fund SBI · Contra Fund	61.1%	★★★★☆	0.88%	+9.47%
Axis Nifty 100 Index Fund Axis · Index Funds	51.2%	★★★★☆	0.26%	+7.57%
Zerodha Nifty 100 ETF Zerodha · Other ETFs	51.2%	—	0.28%	—
Nippon India ETF Nifty 100 Nippon India · Other ETFs	51.2%	—	0.51%	+7.29%
HDFC NIFTY 100 Index Fund HDFC · Index Funds	51.2%	★★★☆☆	0.35%	+7.44%
Bandhan Nifty 100 Index Fund Bandhan · Index Funds	51.2%	★★★★☆	0.18%	+7.65%
Parag Parikh Large Cap Fund PPFAS · Large Cap Fund	51.1%	—	0.32%	—
ICICI Prudential Large Cap Fund ICICI Prudential · Large Cap Fund	50.6%	★★★★★	1.01%	+9.67%

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.

-7.6%02 Jan 2026 → 30 Mar 2026
Still below that high — 3 months down, and no recovery yet.
-6.5%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.
-6.0%26 Sep 2024 → 03 Mar 2025
Fell over 5 months, back to the old high on 05 May 2025 — 2 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

₹40,549Cr

April - June 2026

+1%

since January - March 2026

+₹1,342Cr

est. net flow, last quarter

At or near its largest, ₹40,549Cr 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

SBI Mutual Fund is a joint venture between the State Bank of India and Amundi of France, and was set up in 1987 as the first fund house in India outside UTI. It is the largest by assets, helped by managing a share of the EPFO's ETF investments.

Launched

28 Jun 1987

Total AUM

₹12,57,352Cr+0.7% QoQ

Avg AUM · April - June 2026

Website

sbimf.com

Fund Managers

DBDinesh BalachandranManaging since 31 Aug 2021

Role

Head Investments

Education

B. Tech (IIT - B), M. S. (MIT, USA), CFA Charter holder

Experience

Mr. Dinesh has over 20 years of experience in the industry primarily as Research Analyst. Experience over past years: • Mar 2012 – till date: SBI Funds Management Limited • Aug 2004 – Dec 2011: Research Analyst, Fidelity Investments, USA • Sep 2001 – July 2004: Research Associate, Fidelity Investments, USA Presently, Dinesh Balachandran is managing SBI Balanced Advantage Fund (Equity Portion), SBI Contra Fund, SBI ELSS Tax Saver Fund, SBI Comma Fund, SBI Flexicap Fund and SBI Multi Asset Allocation (Equity Portion).

Funds managed (5)

All schemes Dinesh Balachandran runs →

AUAnup UpadhyayManaging since 01 Dec 2024

Role

Fund Manager

Education

B. Tech.(Hons.); PGDM

Experience

Mr. Anup Upadhyay joined SBIFML in November 2024. He has earlier worked with SBIFML from May 2007 till December 2021 in the roles of Head of Research, Fund Manager and Equity Analyst. He has more than 14 years of experience in financial services. Mr. Anup Upadhyay manages

Funds managed (2)

All schemes Anup Upadhyay 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

Dinesh Balachandran Anup Upadhyay

Top holdings

Reliance Industries Ltd.ICICI Bank Ltd.HDFC Bank Ltd.GAIL (India) Ltd.Larsen & Toubro Ltd.Tech Mahindra Ltd.Indus Towers Ltd.Axis Bank Ltd.Punjab National Bank Tata Steel Ltd.Sun Pharmaceutical Industries Ltd.Tata Motors Passenger Vehicles Ltd.

SBI 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 SBI Balanced Advantage Fund?

As of 05 Oct 2026, the NAV of SBI Balanced Advantage Fund is ₹15.33 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has SBI Balanced Advantage Fund delivered?

SBI Balanced Advantage Fund has returned -0.59% over 1 year, +8.23% per year over 3 years, +8.51% per year over 5 years and +8.68% 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 SBI Balanced Advantage Fund?

SBI Balanced Advantage Fund charges an expense ratio of 1.67% 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 SBI Balanced Advantage Fund?

SBI Balanced Advantage Fund's largest holdings are Reliance Industries Ltd. (4.4%), ICICI Bank Ltd. (3.8%), HDFC Bank Ltd. (3.6%), GAIL (India) Ltd. (2.6%) and Larsen & Toubro Ltd. (2.5%). Holdings are disclosed monthly and change over time.

How risky is SBI Balanced Advantage Fund?

SBI Balanced Advantage Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 6.8% and its worst peak-to-trough fall in our sample was -7.6%. 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 0.26 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. SBI Balanced Advantage Fund's 0.26 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of SBI Balanced Advantage Fund?

SBI 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 SBI Balanced Advantage Fund?

SBI Balanced Advantage Fund is managed by Dinesh Balachandran and Anup Upadhyay at SBI.

How is SBI Balanced Advantage Fund taxed?

SBI 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.