Investors who are confused whether to invest in debt or equity, here is an easy way out- invest in Dynamic Asset Allocation (DAA) Fund. These funds dynamically manage their investments in equity and debt instruments. This fund falls under the hybrid category of Mutual Funds. Investors who are confused about their risk-appetite or don’t have much about Portfolio allocation can discover dynamic asset allocation funds.
Dynamic asset allocation funds invest in debt and equity instruments based on pre-defined market indicators, such as the PE ratio. The PE ratio is the Price Earnings, which the most primary valuation tool used by the investors. In dynamic asset allocation, if the PE ratio of a broader index such as S&P BSE 100 goes above a certain level, the scheme would sell a portion of its equity portfolio and increase the portion of its investment in debt securities.
Similarly, when the equity market improves and the PE ratio comes to the pre-defined level, dynamic asset allocation would again increase its exposure to equity instruments and reduce the portion of debt investments. Due to this strategy, these funds are considered to be an excellent investment for volatile times.
One of the key advantages of these funds is that they manage risk very well. To reduce the risk, they invest in different assets such as equity and debt. What makes dynamic asset allocation funds unique from pure debt or equity plans is that they are not mandated to remain invested in a particular asset class, they can actively rebalance their portfolio as per the market scenario.
Fund Selection Methodology used to find 8 funds
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2025 (%) ICICI Prudential Balanced Advantage Fund Growth ₹78.94
↓ -0.15 ₹74,555 4.9 4.4 5.8 11.2 10.5 12.2 Aditya Birla Sun Life Balanced Advantage Fund Growth ₹114.05
↓ -0.05 ₹9,804 5.1 6.8 7.5 11.2 9.4 10.1 Axis Dynamic Equity Fund Growth ₹21.5
↓ -0.01 ₹3,859 3.3 2.2 3.3 11 8.5 7 Nippon India Balanced Advantage Fund Growth ₹183.954
↑ 0.07 ₹9,898 4.2 4.2 4.2 10.1 8.7 7.3 Edelweiss Balanced Advantage Fund Growth ₹53.46
↓ -0.07 ₹13,293 4.4 4.7 6 9.9 8.4 7 DSP Dynamic Asset Allocation Fund Growth ₹28.787
↓ -0.01 ₹3,780 3.3 2.8 4.6 9.6 7.7 8.7 Bandhan Dynamic Equity Fund Growth ₹25.419
↑ 0.02 ₹2,236 4.3 5.5 5.3 9.1 7 5.1 Invesco India Dynamic Equity Fund Growth ₹52.69
↑ 0.13 ₹952 3.2 1.3 -2 8.3 7.3 2.7 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 4 Sep 26 Research Highlights & Commentary of 8 Funds showcased
Commentary ICICI Prudential Balanced Advantage Fund Aditya Birla Sun Life Balanced Advantage Fund Axis Dynamic Equity Fund Nippon India Balanced Advantage Fund Edelweiss Balanced Advantage Fund DSP Dynamic Asset Allocation Fund Bandhan Dynamic Equity Fund Invesco India Dynamic Equity Fund Point 1 Highest AUM (₹74,555 Cr). Upper mid AUM (₹9,804 Cr). Lower mid AUM (₹3,859 Cr). Upper mid AUM (₹9,898 Cr). Top quartile AUM (₹13,293 Cr). Lower mid AUM (₹3,780 Cr). Bottom quartile AUM (₹2,236 Cr). Bottom quartile AUM (₹952 Cr). Point 2 Established history (19+ yrs). Oldest track record among peers (26 yrs). Established history (9+ yrs). Established history (21+ yrs). Established history (17+ yrs). Established history (12+ yrs). Established history (11+ yrs). Established history (18+ yrs). Point 3 Top rated. Rating: 3★ (top quartile). Not Rated. Rating: 3★ (upper mid). Rating: 2★ (upper mid). Rating: 1★ (lower mid). Not Rated. Rating: 2★ (lower mid). Point 4 Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderate. Risk profile: Moderately High. Risk profile: Moderately High. Point 5 5Y return: 10.48% (top quartile). 5Y return: 9.41% (top quartile). 5Y return: 8.45% (upper mid). 5Y return: 8.69% (upper mid). 5Y return: 8.41% (lower mid). 5Y return: 7.66% (lower mid). 5Y return: 6.99% (bottom quartile). 5Y return: 7.29% (bottom quartile). Point 6 3Y return: 11.22% (top quartile). 3Y return: 11.20% (top quartile). 3Y return: 10.95% (upper mid). 3Y return: 10.08% (upper mid). 3Y return: 9.94% (lower mid). 3Y return: 9.64% (lower mid). 3Y return: 9.10% (bottom quartile). 3Y return: 8.27% (bottom quartile). Point 7 1Y return: 5.80% (upper mid). 1Y return: 7.52% (top quartile). 1Y return: 3.27% (bottom quartile). 1Y return: 4.24% (lower mid). 1Y return: 5.97% (top quartile). 1Y return: 4.58% (lower mid). 1Y return: 5.30% (upper mid). 1Y return: -1.97% (bottom quartile). Point 8 1M return: -1.30% (bottom quartile). 1M return: -0.48% (upper mid). 1M return: -1.19% (lower mid). 1M return: -0.86% (lower mid). 1M return: -0.47% (top quartile). 1M return: -0.62% (upper mid). 1M return: -0.07% (top quartile). 1M return: -1.20% (bottom quartile). Point 9 Alpha: 0.00 (top quartile). Alpha: 0.00 (top quartile). Alpha: 0.00 (upper mid). Alpha: 0.00 (upper mid). Alpha: 0.00 (lower mid). Alpha: 0.00 (lower mid). Alpha: 0.00 (bottom quartile). Alpha: 0.00 (bottom quartile). Point 10 Sharpe: 0.23 (top quartile). Sharpe: 0.16 (top quartile). Sharpe: -0.14 (lower mid). Sharpe: -0.03 (upper mid). Sharpe: 0.07 (upper mid). Sharpe: -0.11 (lower mid). Sharpe: -0.23 (bottom quartile). Sharpe: -0.67 (bottom quartile). ICICI Prudential Balanced Advantage Fund
Aditya Birla Sun Life Balanced Advantage Fund
Axis Dynamic Equity Fund
Nippon India Balanced Advantage Fund
Edelweiss Balanced Advantage Fund
DSP Dynamic Asset Allocation Fund
Bandhan Dynamic Equity Fund
Invesco India Dynamic Equity Fund
*List for Funds Based on Assets> = 200 Crore & Sorted on 3 Year CAGR Return.
The fund objective is to seek low volatility returns by using arbitrage and other derivative strategies in equity markets and investments in short-term debt portfolio.The fund invests in equity with usage of derivatives. Research Highlights for ICICI Prudential Balanced Advantage Fund Below is the key information for ICICI Prudential Balanced Advantage Fund Returns up to 1 year are on The primary objective of the Scheme is to generate long term growth of capital and income distribution with relatively lower volatility by investing in a dynamically balanced portfolio of Equity & Equity linked investments and fixed-income securities. Research Highlights for Aditya Birla Sun Life Balanced Advantage Fund Below is the key information for Aditya Birla Sun Life Balanced Advantage Fund Returns up to 1 year are on To generate capital appreciation by investing in a portfolio of equity or equity linked securities while secondary objective is to generate income through investments in debt and money market instruments. It also aims to manage risk through active asset allocation. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns. Research Highlights for Axis Dynamic Equity Fund Below is the key information for Axis Dynamic Equity Fund Returns up to 1 year are on (Erstwhile Reliance NRI Equity Fund) The investment objective of the Scheme is to generate optimal returns by investing in equity or equity related instruments primarily drawn from the Companies in the S&P BSE 200 Index. The Scheme may also invest in listed
companies that are in the top 200 by market capitalization on the BSE. The Scheme may also invest in large IPO’s where the market capitalization of the Company making the IPO based on the Issue price would make such company to be a part of the top 200 companies listed on the BSE based on market capitalization. The fund will have the flexibility to invest in a broad range of companies with an objective to maximize the returns, at the same time trying to minimize the risk by reasonable diversification. The selection of the companies will be done so as to capture the growth in the Indian economy. The fund will be focusing on companies with relatively higher market capitalization and having good liquidity in the stock market. Research Highlights for Nippon India Balanced Advantage Fund Below is the key information for Nippon India Balanced Advantage Fund Returns up to 1 year are on (Erstwhile Edelweiss Dynamic Equity Advantage Fund) The primary objective of the scheme will be to generate absolute returns with low volatility over a longer tenure of time. The scheme will invest in arbitrage opportunities, equity derivative strategies, pure equity investments and the balance in debt and money market instruments. The Scheme proposes to allocate assets to both equity and debt markets based upon the market view. However there is no assurance that the investment objective of the scheme will be realized. Research Highlights for Edelweiss Balanced Advantage Fund Below is the key information for Edelweiss Balanced Advantage Fund Returns up to 1 year are on The investment objective of the Scheme is to seek capital appreciation by managing the asset allocation between specified equity mutual fund schemes and debt mutual fund schemes of DSP BlackRock Mutual Fund. The Scheme will dynamically manage the asset allocation between the specified equity mutual funds schemes and debt mutual funds schemes of DSP BlackRock Mutual Fund based on the relative valuation of equity and debt markets. The Scheme may also invest a certain portion of its corpus in money market securities and/ or money market/liquid schemes of DSP BlackRock Mutual Fund, in order to meet liquidity requirements from time to time. Research Highlights for DSP Dynamic Asset Allocation Fund Below is the key information for DSP Dynamic Asset Allocation Fund Returns up to 1 year are on The primary objective of the scheme is to seek to generate long term capital appreciation with relatively lower volatility through systematic allocation of funds into equity and equity related instruments; and for defensive purposes in equity derivatives. The secondary objective of the scheme will be to generate income and capital appreciation through investment in Debt & Money Market instruments.There is no assurance or guarantee that the objectives of the scheme will be realised. Research Highlights for Bandhan Dynamic Equity Fund Below is the key information for Bandhan Dynamic Equity Fund Returns up to 1 year are on The investment objective of the Scheme is to generate long-term capital growth from a focused portfolio of predominantly equity and equity-related securities. Research Highlights for Invesco India Dynamic Equity Fund Below is the key information for Invesco India Dynamic Equity Fund Returns up to 1 year are on 1. ICICI Prudential Balanced Advantage Fund
ICICI Prudential Balanced Advantage Fund
Growth Launch Date 30 Dec 06 NAV (04 Sep 26) ₹78.94 ↓ -0.15 (-0.19 %) Net Assets (Cr) ₹74,555 on 31 Jul 26 Category Hybrid - Dynamic Allocation AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 1.47 Sharpe Ratio 0.23 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-18 Months (1%),18 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value Returns for ICICI Prudential Balanced Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Sep 26 Duration Returns 1 Month -1.3% 3 Month 4.9% 6 Month 4.4% 1 Year 5.8% 3 Year 11.2% 5 Year 10.5% 10 Year 15 Year Since launch 11.1% Historical performance (Yearly) on absolute basis
Year Returns 2025 12.2% 2024 12.3% 2023 16.5% 2022 7.9% 2021 15.1% 2020 11.7% 2019 10.8% 2018 2.4% 2017 19% 2016 7.3% Fund Manager information for ICICI Prudential Balanced Advantage Fund
Name Since Tenure Data below for ICICI Prudential Balanced Advantage Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Equity Sector Allocation
Sector Value Debt Sector Allocation
Sector Value Credit Quality
Rating Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 2. Aditya Birla Sun Life Balanced Advantage Fund
Aditya Birla Sun Life Balanced Advantage Fund
Growth Launch Date 25 Apr 00 NAV (04 Sep 26) ₹114.05 ↓ -0.05 (-0.04 %) Net Assets (Cr) ₹9,804 on 31 Jul 26 Category Hybrid - Dynamic Allocation AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.77 Sharpe Ratio 0.16 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 100 Exit Load 0-365 Days (1%),365 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value Returns for Aditya Birla Sun Life Balanced Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Sep 26 Duration Returns 1 Month -0.5% 3 Month 5.1% 6 Month 6.8% 1 Year 7.5% 3 Year 11.2% 5 Year 9.4% 10 Year 15 Year Since launch Historical performance (Yearly) on absolute basis
Year Returns 2025 10.1% 2024 13% 2023 16.5% 2022 4.2% 2021 13.4% 2020 15.4% 2019 8.1% 2018 0.7% 2017 15.2% 2016 16.3% Fund Manager information for Aditya Birla Sun Life Balanced Advantage Fund
Name Since Tenure Data below for Aditya Birla Sun Life Balanced Advantage Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Equity Sector Allocation
Sector Value Debt Sector Allocation
Sector Value Credit Quality
Rating Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 3. Axis Dynamic Equity Fund
Axis Dynamic Equity Fund
Growth Launch Date 1 Aug 17 NAV (04 Sep 26) ₹21.5 ↓ -0.01 (-0.05 %) Net Assets (Cr) ₹3,859 on 31 Jul 26 Category Hybrid - Dynamic Allocation AMC Axis Asset Management Company Limited Rating Risk Moderately High Expense Ratio 1.93 Sharpe Ratio -0.14 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value Returns for Axis Dynamic Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Sep 26 Duration Returns 1 Month -1.2% 3 Month 3.3% 6 Month 2.2% 1 Year 3.3% 3 Year 11% 5 Year 8.5% 10 Year 15 Year Since launch 8.8% Historical performance (Yearly) on absolute basis
Year Returns 2025 7% 2024 17.5% 2023 20% 2022 -0.4% 2021 15.7% 2020 10.1% 2019 5.9% 2018 2.7% 2017 2016 Fund Manager information for Axis Dynamic Equity Fund
Name Since Tenure Data below for Axis Dynamic Equity Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Equity Sector Allocation
Sector Value Debt Sector Allocation
Sector Value Credit Quality
Rating Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 4. Nippon India Balanced Advantage Fund
Nippon India Balanced Advantage Fund
Growth Launch Date 15 Nov 04 NAV (04 Sep 26) ₹183.954 ↑ 0.07 (0.04 %) Net Assets (Cr) ₹9,898 on 31 Jul 26 Category Hybrid - Dynamic Allocation AMC Nippon Life Asset Management Ltd. Rating ☆☆☆ Risk Moderately High Expense Ratio 1.75 Sharpe Ratio -0.03 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value Returns for Nippon India Balanced Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Sep 26 Duration Returns 1 Month -0.9% 3 Month 4.2% 6 Month 4.2% 1 Year 4.2% 3 Year 10.1% 5 Year 8.7% 10 Year 15 Year Since launch 14.3% Historical performance (Yearly) on absolute basis
Year Returns 2025 7.3% 2024 13% 2023 17.5% 2022 5.1% 2021 15.7% 2020 11.2% 2019 8.3% 2018 0.4% 2017 25.2% 2016 6.4% Fund Manager information for Nippon India Balanced Advantage Fund
Name Since Tenure Data below for Nippon India Balanced Advantage Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Equity Sector Allocation
Sector Value Debt Sector Allocation
Sector Value Credit Quality
Rating Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 5. Edelweiss Balanced Advantage Fund
Edelweiss Balanced Advantage Fund
Growth Launch Date 20 Aug 09 NAV (04 Sep 26) ₹53.46 ↓ -0.07 (-0.13 %) Net Assets (Cr) ₹13,293 on 31 Jul 26 Category Hybrid - Dynamic Allocation AMC Edelweiss Asset Management Limited Rating ☆☆ Risk Moderately High Expense Ratio 1.69 Sharpe Ratio 0.07 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 500 Exit Load 0-365 Days (1%),365 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value Returns for Edelweiss Balanced Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Sep 26 Duration Returns 1 Month -0.5% 3 Month 4.4% 6 Month 4.7% 1 Year 6% 3 Year 9.9% 5 Year 8.4% 10 Year 15 Year Since launch 10.3% Historical performance (Yearly) on absolute basis
Year Returns 2025 7% 2024 13.1% 2023 18.8% 2022 2.1% 2021 18.8% 2020 22.6% 2019 7.8% 2018 1.9% 2017 23.9% 2016 -1.5% Fund Manager information for Edelweiss Balanced Advantage Fund
Name Since Tenure Data below for Edelweiss Balanced Advantage Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Equity Sector Allocation
Sector Value Debt Sector Allocation
Sector Value Credit Quality
Rating Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 6. DSP Dynamic Asset Allocation Fund
DSP Dynamic Asset Allocation Fund
Growth Launch Date 6 Feb 14 NAV (04 Sep 26) ₹28.787 ↓ -0.01 (-0.04 %) Net Assets (Cr) ₹3,780 on 31 Jul 26 Category Hybrid - Dynamic Allocation AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆ Risk Moderate Expense Ratio 1.93 Sharpe Ratio -0.11 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 500 Exit Load 0-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value Returns for DSP Dynamic Asset Allocation Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Sep 26 Duration Returns 1 Month -0.6% 3 Month 3.3% 6 Month 2.8% 1 Year 4.6% 3 Year 9.6% 5 Year 7.7% 10 Year 15 Year Since launch 8.8% Historical performance (Yearly) on absolute basis
Year Returns 2025 8.7% 2024 12.4% 2023 17.1% 2022 0.1% 2021 9.3% 2020 12.9% 2019 8.8% 2018 3.6% 2017 12.5% 2016 7.7% Fund Manager information for DSP Dynamic Asset Allocation Fund
Name Since Tenure Data below for DSP Dynamic Asset Allocation Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Equity Sector Allocation
Sector Value Debt Sector Allocation
Sector Value Credit Quality
Rating Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 7. Bandhan Dynamic Equity Fund
Bandhan Dynamic Equity Fund
Growth Launch Date 10 Oct 14 NAV (04 Sep 26) ₹25.419 ↑ 0.02 (0.09 %) Net Assets (Cr) ₹2,236 on 30 Jun 26 Category Hybrid - Dynamic Allocation AMC IDFC Asset Management Company Limited Rating Risk Moderately High Expense Ratio 1.99 Sharpe Ratio -0.23 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value Returns for Bandhan Dynamic Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Sep 26 Duration Returns 1 Month -0.1% 3 Month 4.3% 6 Month 5.5% 1 Year 5.3% 3 Year 9.1% 5 Year 7% 10 Year 15 Year Since launch 8.2% Historical performance (Yearly) on absolute basis
Year Returns 2025 5.1% 2024 14.6% 2023 14.9% 2022 -1.8% 2021 15.5% 2020 12.9% 2019 8.6% 2018 1.3% 2017 17.3% 2016 3.4% Fund Manager information for Bandhan Dynamic Equity Fund
Name Since Tenure Data below for Bandhan Dynamic Equity Fund as on 30 Jun 26
Asset Allocation
Asset Class Value Equity Sector Allocation
Sector Value Debt Sector Allocation
Sector Value Credit Quality
Rating Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 8. Invesco India Dynamic Equity Fund
Invesco India Dynamic Equity Fund
Growth Launch Date 4 Oct 07 NAV (04 Sep 26) ₹52.69 ↑ 0.13 (0.25 %) Net Assets (Cr) ₹952 on 31 Jul 26 Category Hybrid - Dynamic Allocation AMC Invesco Asset Management (India) Private Ltd Rating ☆☆ Risk Moderately High Expense Ratio 2.17 Sharpe Ratio -0.67 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value Returns for Invesco India Dynamic Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Sep 26 Duration Returns 1 Month -1.2% 3 Month 3.2% 6 Month 1.3% 1 Year -2% 3 Year 8.3% 5 Year 7.3% 10 Year 15 Year Since launch 9.2% Historical performance (Yearly) on absolute basis
Year Returns 2025 2.7% 2024 15.9% 2023 20.1% 2022 4.1% 2021 13.1% 2020 7.8% 2019 9.1% 2018 -4.6% 2017 30.5% 2016 2.7% Fund Manager information for Invesco India Dynamic Equity Fund
Name Since Tenure Data below for Invesco India Dynamic Equity Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Equity Sector Allocation
Sector Value Debt Sector Allocation
Sector Value Credit Quality
Rating Value Top Securities Holdings / Portfolio
Name Holding Value Quantity
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A: These funds not only invest in equities, but also relatively placid Real Estate and bond markets. So, as an investors you become contributor to the economy.
A: You should hold your investments in dynamic asset allocation funds for at least three years. This will ensure good returns on your investment.
A: Since the money is invested in the equities, one must not forget that the associated risks are also relatively high too.
A: The fund manager is responsible for changing the asset allocations. Based on the changing market condition, they will change your asset allocation so that your portfolio continues to produce steady returns.
Excellent insight for getting a detailed view about Hybrid Fund