PGIM India Balanced Advantage Fund
The scheme seeks to provide capital appreciation and income distribution to the investors by dynamically managing the asset allocation between equity and fixed income using equity derivatives strategies, arbitrage opportunities and pure equity investments. The scheme seeks to reduce the volatility by diversifying the assets across equity and fixed income.
Growthvine rating: 1/5 — ranked #29 of 35 in category.
Fund basics
| Category | Hybrid: Balanced Advantage |
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| NAV | ₹14.36 (as of 2026-10-01) |
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| AUM | ₹739 Cr |
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| Expense ratio | 2.03% |
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| Riskometer | Very High |
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| Fund manager | Anandha Padmanabhan Anjeneyan |
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| Exit load | 0.5% for redemption within 90 days |
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Performance & risk
| 5-year annualised return | 4.93% |
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| Sharpe ratio | 0.11 |
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| Standard deviation | 9.93% |
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| Max drawdown | −11.98% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 112.2% of NIFTY 50 Hybrid Composite Debt 50:50 Index's upside and 130.8% of its downside.
Market cap allocation
| Large cap | 73.6% |
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| Mid cap | 24.8% |
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| Small cap | 1.5% |
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Concentration
| Top 5 holdings | 20.5% |
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| Top 10 holdings | 29.2% |
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| Total holdings | 69 |
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Top holdings
- ICICI Bank Ltd. — 6.0%
- HDFC Bank Ltd. — 5.0%
- Clearing Corporation of India Ltd. — 4.2%
- Reliance Industries Ltd — 4.0%
- Bharti Airtel Ltd. — 3.0%
- 7.18% Government of India — 2.5%
- State Bank Of India — 2.5%
- 6.79% Government of India — 2.2%
- Infosys Ltd — 2.0%
- Muthoot Finance Ltd. — 2.0%
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | −7.6% | Q4 (Bottom) | #33 of 35 |
| 2025 | 6.1% | Q2 | #15 of 34 |
| 2024 | 10.2% | Q4 (Bottom) | #24 of 30 |
| 2023 | 15.5% | Q4 (Bottom) | #23 of 26 |
| 2022 | 1.1% | Q3 | #15 of 21 |