Nippon India Balanced Advantage Fund
The scheme seeks to capitalize on the potential upside in equity markets while attempting to limit the downside by dynamically managing the portfolio through investment in equity & equity related instruments and active use of debt, money market instruments and derivatives.
Growthvine rating: 4/5 — ranked #6 of 35 in category.
Fund basics
| Category | Hybrid: Balanced Advantage |
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| NAV | ₹177.12 (as of 2026-10-01) |
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| AUM | ₹9,918 Cr |
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| Expense ratio | 1.50% |
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| Riskometer | Very High |
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| Fund manager | Bhavik Dave |
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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 | 7.80% |
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| Sharpe ratio | 0.57 |
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| Standard deviation | 8.41% |
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| Max drawdown | −62.62% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 108.8% of NIFTY 50 Hybrid Composite Debt 50:50 Index's upside and 91.3% of its downside.
Market cap allocation
| Large cap | 70.3% |
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| Mid cap | 16.9% |
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| Small cap | 12.8% |
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Concentration
| Top 5 holdings | 19.6% |
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| Top 10 holdings | 30.5% |
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| Total holdings | 83 |
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Top holdings
- ICICI Bank Ltd. — 6.0%
- HDFC Bank Ltd. — 5.7%
- State Bank Of India — 2.7%
- AXIS Bank Ltd. — 2.6%
- Reliance Industries Ltd — 2.6%
- Infosys Ltd — 2.5%
- Triparty Repo — 2.4%
- Bharti Airtel Ltd. — 2.3%
- Mahindra & Mahindra Ltd. — 2.2%
- Kotak Mahindra Bank Ltd. — 2.0%
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | −2.4% | Q2 | #13 of 35 |
| 2025 | 7.3% | Q2 | #10 of 34 |
| 2024 | 13.0% | Q2 | #15 of 30 |
| 2023 | 17.5% | Q3 | #15 of 26 |
| 2022 | 5.1% | Q1 (Top) | #6 of 21 |