Best Balanced Advantage Mutual Funds in 2022

Balanced mutual funds are suitable for investors who are ready to take market risk but also looking for some fixed income from their investment. Investors should not confuse balanced advantage funds with erstwhile balanced funds which are now aggressive hybrid funds. Some of the best balanced advantage mutual funds are listed in this article. 

What is Balanced Advantage Mutual Fund?

Balanced advantage funds, also known as dynamic asset allocation funds, are hybrid mutual funds that invest in a mix of equity and debt instruments dynamically depending on the prevailing stock market conditions to yield excellent overall returns. In balanced advantage funds (BAFs), mutual fund managers utilize a process driven approach to shift the portfolio between equity and debt depending on the key market ratios or in house parameters. 

Best Balanced Advantage Mutual Funds in 2022
Best Balanced Advantage Mutual Funds in 2022

For example, they will invest less in equity and more in debt when stock prices are high and more in equities when stock prices are low. This is the reason, investment value doesn’t drop considerably when stock prices are very high because the larger portion of the investment is in debt securities. Investors can reap maximum returns when the market recovers because the fund manager would have tilted the asset allocation more towards equities when the markets were low.

Best Balanced Advantage Mutual Funds in 2022

Listed below are the best performing balanced advantage mutual funds in India in 2022. Resident and NRI investors can invest in balanced advantage mutual funds in India. 

BAF3-month6-month1-year3-year5-year2021
HDFC Balanced Advantage Fund15.4%10.5%16.1%17.7%11.3%26.4%
Nippon India Balanced Advantage Fund10.5%6%5%11.9%8.3%15.7%
ICICI Prudential Balanced Advantage Fund8.7%5.6&8.3%13%10%15.1%
Aditya Birla Sun Life Balanced Advantage Fund 10%4.4%3.2%12.1%8.4%13.4%
Edelweiss Balanced Advantage Fund10.9%3.1%2.6%15.9%10.8%18.8%
Invesco India Dynamic Equity Fund13%4.5%3%9.4%5.9%13.1%
L&T Dynamic Equity Fund7.8%2.6%0.8%8.7%7.3%8.4%
Best Balanced Advantage Mutual Funds

Note: Returns up to 1 year are on an absolute basis & more than 1 year are on a   CAGR basis as on 20 Sep 2022.

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Key Features of Top Performing Advantage Mutual Funds

HDFC Balanced Advantage Fund

Mutual Fund HouseHDFC Asset Management Company Limited 
Launch date11 September 2000
Net Asset ValueRs. 313.803
CategoryHybrid – Dynamic allocation
Rating4*
RiskModerately high
Minimum investmentRs. 5,000
Min SIPRs. 300
Exit load0-1 Years (1%),1 Years and above(NIL) 

Nippon India Balanced Advantage Fund

Mutual Fund HouseNippon Life Asset Management Ltd.
Launch date15 November 2004
Net Asset ValueRs. 127.077
CategoryHybrid – Dynamic allocation
Rating3*
RiskModerately high
Minimum investmentRs. 5,000
Min SIPRs. 100
Exit load0-1 Years (1%),1 Years and above(NIL) 

ICICI Prudential Balanced Advantage Fund

Mutual Fund HouseICICI Prudential Asset Management Company Limited 
Launch date30 December 2006
Net Asset ValueRs. 52.09
CategoryHybrid – Dynamic allocation
Rating3*
RiskModerately high
Minimum investmentRs. 5,000
Min SIPRs. 100
Exit load0-18 months (1%),18 months and above(NIL) 

Aditya Birla Sun Life Balanced Advantage Fund 

Mutual Fund HouseBirla Sun Life Asset Management Co Ltd.
Launch date25 April 2000
Net Asset ValueRs. 75.26
CategoryHybrid – Dynamic allocation
Rating3*
RiskModerately high
Minimum investmentRs. 1,000
Min SIPRs. 100
Exit load0-1 year (1%), 1 year and above(NIL) 

Edelweiss Balanced Advantage Fund

Mutual Fund HouseEdelweiss Asset Management Limited.
Launch date20 August 2009
Net Asset ValueRs. 36.6
CategoryHybrid – Dynamic allocation
Rating2*
RiskModerately high
Minimum investmentRs. 1,000
Min SIPRs. 500
Exit load0-1 year (1%), 1 year and above(NIL) 

Invesco India Dynamic Equity Fund

Mutual Fund HouseInvesco Asset Management (India) Private Ltd.
Launch date04 October 2007
Net Asset ValueRs. 37.97
CategoryHybrid – Dynamic allocation
Rating2*
RiskModerately high
Minimum investmentRs. 5,000
Min SIPRs. 500
Exit loadNIL

L&T Dynamic Equity Fund

Mutual Fund HouseL&T Investment Management Ltd.
Launch date07 February 2011
Net Asset ValueRs. 31.345
CategoryHybrid – Dynamic allocation
Rating2*
RiskModerately high
Minimum investmentRs. 5,000
Min SIPRs. 500
Exit load0-1 year (1%); 1 year and above (NIL)

How can NRIs complete their KYC

You can download SBNRI app to complete your KYC as an NRI and start investing in mutual funds in India from the country where they live. Following are steps you need to follow:

  • Complete your KYC: You can complete the KYC process digitally. Type in your personal details and attach supporting documents, like:
    • PAN Number
    • Overseas address proof: Any of – Water/ electricity bill, postpaid mobile/ internet bill, rent agreement, driving license, etc.
    • Passport – front and back
    • Passport size photograph
    • Signature

If all details are correct, your KYC will be approved within 7 to 8 business days.

  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
    • City and country of birth
    • NRE/ NRO bank account statement/ canceled cheque for the latest 3 months
    • Nominee details

Before investing in the Indian market, NRIs must consult market experts to make informed decisions. You can get detailed mutual fund advisory from experts at SBNRI. You can download SBNRI App from the Google Play Store or App Store to ask any questions related to mutual fund investment, NRI account opening online and tax filing in India. To ask any questions related to Mutual Funds, click on the button below. Also visit our blog and YouTube channel for more details. 

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