return to news
  1. Upstox
    /
  2. News
    /
  3. Personal Finance News
    /
  4. Mutual Funds
    /
  5. Top 5 Balanced Advantage Funds (BAFs) by AUM compared: HDFC leads 3 and 5-year returns

Personal Finance News

Top 5 Balanced Advantage Funds (BAFs) by AUM compared: HDFC leads 3 and 5-year returns

image Sangeeta Ojha
By Sangeeta Ojha

2 min read | Updated on September 17, 2026, 16:18 IST

Google
SelectUpstoxas yourPreferred news source
Copy link
Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

The funds covered in the comparison are HDFC Balanced Advantage Fund-G, ICICI Prudential Balanced Advantage Fund-G, SBI Balanced Advantage Fund-Reg (G), Kotak Balanced Advantage Fund-Reg (G), and Nippon India Balanced Advantage Fund-G.

Balanced Advantage Funds performance

The five-year figures showed a wider variation across the schemes than the three-year figures.

Balanced Advantage Funds (BAFs) attracted more than ₹5,100 crore between January and August 2026, taking the category’s assets under management (AUM) to ₹3.3 lakh crore by the end of August, according to data from the Association of Mutual Funds in India (AMFI), as reported by PTI.
Open FREE Demat Account within minutes!
Join now

Against this backdrop, the performance of five major Balanced Advantage Funds was examined based on their three and five-year annualised returns (CAGR). The five schemes were selected based on their AUM. The data, sourced from ACE MF, reflects scheme returns as of September 15-16, 2026.

The funds covered in the comparison are HDFC Balanced Advantage Fund-G, ICICI Prudential Balanced Advantage Fund-G, SBI Balanced Advantage Fund-Reg (G), Kotak Balanced Advantage Fund-Reg (G), and Nippon India Balanced Advantage Fund-G.
BAF-gfx.webp

How the funds performed over three years

Over the three-year period, HDFC Balanced Advantage Fund recorded a CAGR of 9.94%, followed by ICICI Prudential Balanced Advantage Fund at 9.89%. Nippon India Balanced Advantage Fund posted a CAGR of 8.80%, while SBI Balanced Advantage Fund and Kotak Balanced Advantage Fund recorded CAGRs of 8.24% and 7.74%, respectively.

Five-year performance

Over five years, HDFC Balanced Advantage Fund recorded a CAGR of 13.30%. ICICI Prudential Balanced Advantage Fund posted a CAGR of 9.80%, followed by SBI Balanced Advantage Fund at 8.96%, Nippon India Balanced Advantage Fund at 8.14%, and Kotak Balanced Advantage Fund at 7.49%.

What the numbers show

The three-year CAGRs of the five funds ranged from 7.74% to 9.94%, while their five-year CAGRs ranged from 7.49% to 13.30%.

The five-year figures showed a wider variation across the schemes than the three-year figures.

All five funds recorded positive CAGRs over both the three-year and five-year periods. However, the difference between the schemes was wider over five years.

Meanwhile, equity mutual fund schemes attracted ₹29,329 crore in August, marking their highest net inflow in four months. The inflows were driven by strong investor interest in mid-cap and small-cap funds.

The August inflow was nearly 19% higher than the ₹24,697 crore recorded in July, according to data released by AMFI on September 10.

For all personal finance updates, visit here
Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Investors should do their own research or consult a registered financial advisor before making investment decisions.

About The Author

image Sangeeta Ojha
Sangeeta Ojha is a business and finance journalist with experience across leading media platforms like Mint and India Today. She has built a reputation for covering a wide range of personal finance topics, including income tax, mutual funds, insurance, savings and investing.

Next Story