Axis Balanced Advantage Fund
The scheme seeks to achieve the dual objective of capital appreciation by investing in a portfolio of equity or equity linked securities and generating income through investments in debt and money market instruments. It also aims to manage risk through active asset allocation.
Growthvine rating: 4/5 — ranked #7 of 35 in category.
Fund basics
| Category | Hybrid: Balanced Advantage |
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| NAV | ₹20.75 (as of 2026-10-01) |
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| AUM | ₹3,859 Cr |
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| Expense ratio | 1.64% |
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| Riskometer | Very High |
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| Fund manager | Devang Shah |
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| Exit load | For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days |
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Performance & risk
| 5-year annualised return | 7.78% |
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| Sharpe ratio | 0.65 |
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| Standard deviation | 8.57% |
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| Max drawdown | −17.25% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 113.1% of NIFTY 50 Hybrid Composite Debt 50:50 Index's upside and 100.8% of its downside.
Market cap allocation
| Large cap | 80.1% |
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| Mid cap | 13.0% |
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| Small cap | 6.9% |
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Concentration
| Top 5 holdings | 21.9% |
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| Top 10 holdings | 33.1% |
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| Total holdings | 152 |
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Top holdings
- Net Receivable / Payable — 13.4%
- ICICI Bank Ltd. — 6.1%
- HDFC Bank Ltd. — 5.4%
- Reliance Industries Ltd — 4.5%
- State Bank Of India — 3.5%
- Infosys Ltd — 2.4%
- Bharti Airtel Ltd. — 2.3%
- Larsen & Toubro Limited — 2.3%
- Kotak Mahindra Bank Ltd. — 2.3%
- Mahindra & Mahindra Ltd. — 2.3%
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | −4.2% | Q3 | #22 of 35 |
| 2025 | 7.0% | Q2 | #14 of 34 |
| 2024 | 17.5% | Q1 (Top) | #2 of 30 |
| 2023 | 20.0% | Q1 (Top) | #7 of 26 |
| 2022 | −0.4% | Q4 (Bottom) | #18 of 21 |