Data screen · ranked by 3-year return · as of 10 October 2026
Best Dynamic Asset Allocation or Balanced Advantage Mutual Funds in India (October 2026)
The 10 Dynamic Asset Allocation or Balanced Advantage funds with the highest 3-year annualised return in our dataset. This is a screen using one disclosed rule, not a recommendation — read the method and risks below before drawing any conclusion.
| # | Fund | 3Y (p.a.) | 1Y | 5Y (p.a.) | Expense ratio | AUM | Riskometer |
|---|---|---|---|---|---|---|---|
| 1 | quant Dynamic Asset Allocation Fund quant Mutual Fund |
+12.42% | -2.44% | — | — | — | — |
| 2 | Aditya Birla Sun Life Balanced Advantage Fund Aditya Birla Sun Life Mutual Fund |
+10.98% | +3.80% | +9.52% | — | — | — |
| 3 | HSBC Dynamic Asset Allocation Fund HSBC Mutual Fund |
+10.49% | +0.46% | +11.71% | — | — | — |
| 4 | ICICI Prudential Balanced Advantage Fund ICICI Prudential Mutual Fund |
+10.12% | +0.75% | +9.72% | — | — | — |
| 5 | HDFC Balanced Advantage Fund HDFC Mutual Fund |
+10.00% | -3.47% | +12.72% | — | — | — |
| 6 | Edelweiss Balanced Advantage Fund Edelweiss Mutual Fund |
+9.89% | +1.59% | +8.59% | — | — | — |
| 7 | DSP Dynamic Asset Allocation Fund DSP Mutual Fund |
+9.81% | +1.89% | +8.19% | — | — | — |
| 8 | BANDHAN Balanced Advantage Fund Bandhan Mutual Fund |
+9.19% | +2.60% | +7.66% | — | — | — |
| 9 | Kotak Balanced Advantage Fund Kotak Mahindra Mutual Fund |
+8.74% | -0.50% | +8.27% | — | — | — |
| 10 | Franklin India Balanced Advantage Fund Franklin Templeton Mutual Fund |
+8.74% | -2.41% | — | — | — | — |
How this list is made
- Universe: Direct Growth plans classified by AMFI as Dynamic Asset Allocation or Balanced Advantage, from the 13 funds in this category that have at least 3 years of NAV history in Market Dekho's dataset. The dataset is a curated set of major fund houses, not every fund in India.
- Rule: sorted by 3-year annualised return (CAGR) from daily NAV history; top 10 shown. Returns for periods under 1 year are absolute; 1 year and longer are as stated in the column heads.
- Data date: NAV data as of 10 October 2026. Expense ratio, AUM and riskometer come from AMFI filings and may lag. Missing values show a dash.
- What it ignores: risk-adjusted performance, consistency across market cycles, fund-manager changes, taxes, exit load and your own goal.
Read the risk before the return
A high 3-year return can reflect a strong market phase or a concentrated, higher-risk portfolio. Check each fund's riskometer, look at its full history on its own page, and compare costs via the expense ratio. Funds in the same category can behave very differently in a falling market.
Not sure what fits you?
This page ranks past returns only. To learn how to compare funds on your own, start with the free SIP vs lumpsum lesson. For a review of a holding you already own, use Samjho Bhai.
Learn how to compare funds →Other categories
Frequently asked questions
How are these Dynamic Asset Allocation or Balanced Advantage funds ranked?
Funds are ranked by 3-year annualised return, using each fund's Direct Growth NAV history, among 13 comparable Dynamic Asset Allocation or Balanced Advantage funds in Market Dekho's dataset. It is a single, mechanical rule and does not measure quality, risk or suitability.
Is the top-ranked Dynamic Asset Allocation or Balanced Advantage fund the right one for me?
Not necessarily. A ranking by past return does not say whether a fund suits your goal, time horizon or risk tolerance, and past performance does not guarantee future returns. Market Dekho is not a SEBI-registered investment adviser; consider your own situation or speak to a SEBI-registered adviser.
Does this list cover every Dynamic Asset Allocation or Balanced Advantage fund?
No. It covers funds from a curated set of major fund houses in Market Dekho's dataset, so funds outside the dataset are not ranked here.
Key terms: NAV · Expense ratio · Direct plan and regular plan · Riskometer · CAGR · SIP
How this data works · Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Market Dekho is not a SEBI-registered investment adviser. Found an error? marketdekho01@gmail.com