Nippon India Mutual Fund · Direct Growth · SEBI Category: Balanced Advantage
Nippon India Balanced Advantage Fund has one of the longest track records in the category — the underlying fund has been in existence for over 21 years, managed by Nippon India Mutual Fund (formerly Reliance Mutual Fund). The fund dynamically allocates between equity, debt and arbitrage positions based on market valuations, targeting a smoother investment experience across market cycles.
The fund typically maintains a higher equity allocation (around 60 to 70%) compared to more conservative BAFs, reflecting its growth orientation. Its long history means it has navigated multiple market cycles — the 2008 financial crisis, 2020 COVID crash, 2022 correction — providing investors with real-world evidence of its drawdown behavior.
Ashutosh Bhargava is Head of Equity Research and Fund Manager at Nippon India Mutual Fund, managing the equity sleeve with a research-driven, quality-focused approach. Kinjal Desai manages the fixed income component, prioritising high credit quality and managing duration conservatively. Together they bring complementary expertise to the fund's dynamic allocation framework.
For current co-manager details and full biography, refer to the latest Nippon India Mutual Fund factsheet on AMFI or the AMC website.
Informational points to help you form your own view — not judgements or recommendations.
Live data. Current fund highlighted. Click any fund name for full analysis.
| Fund | NAV | AAUM | 1Y Return | 3Y CAGR | 5Y CAGR | Sharpe (3Y) |
|---|---|---|---|---|---|---|
| HDFC Balanced Advantage Fund | ₹550.20 | ₹74.0K Cr Jan–Mar 2026 | -1.2% | +14.8% p.a. | +15.4% p.a. | 0.93 |
| ICICI Prudential Balanced Advantage Fund | ₹84.33 | ₹68.5K Cr Jan–Mar 2026 | +4.1% | +12.0% p.a. | +11.1% p.a. | 0.93 |
| Edelweiss Balanced Advantage Fund | ₹58.81 | ₹12.5K Cr Jan–Mar 2026 | +3.5% | +11.7% p.a. | +10.6% p.a. | 0.67 |
| Nippon India Balanced Advantage Fund ▲ | ₹202.08 | ₹9.3K Cr Jan–Mar 2026 | +2.6% | +11.8% p.a. | +10.6% p.a. | 0.81 |
| Kotak Balanced Advantage Fund | ₹22.33 | ₹17.2K Cr Jan–Mar 2026 | +1.2% | +10.4% p.a. | +9.8% p.a. | 0.62 |
Calculated from 2,565 daily NAV records in RightAdvise DB. Last calculated: Jun 2026.
1M / 3M / 6M / 1Y — simple point-to-point return · 3Y / 5Y / 10Y — CAGR (compounded annual growth rate)
Based on all rolling windows in full NAV history. Dates show the start and end of each period.
Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.
Rolling returns show performance across every possible investment start date — not one cherry-picked number. Learn more →
How much the fund fell from its peak NAV — what investors actually experience during crashes. Calculated from full NAV history.
Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.
Calculated from 3 years of daily NAV — industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →
Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes — from official AMC disclosures.
See how Nippon India Balanced Advantage FundGrowth PlanOption ranks against other Balanced Advantage funds on returns, drawdown, Sharpe ratio and AAUM — side by side.
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