Kotak Balanced Advantage Fund
Kotak Mahindra Mutual Fund · Balanced Advantage · Direct plan, growth option
NAV (₹), 1 Oct 2026
22.3680
1-day change
-0.69%
1Y return
0.3%
3Y CAGR
8.7%
5Y CAGR
8.4%
Max drawdown, 5Y
−9.1%
NAV history month-end NAV, ₹ · 10 Aug 2018 to 1 Oct 2026
Returns vs Balanced Advantage median (37 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -4.0% | -3.7% |
| 3 months | -2.7% | -2.4% |
| 6 months | 4.6% | 4.5% |
| Year to date | -2.5% | -2.4% |
| 1 year | 0.3% | 0.4% |
| 3 years (CAGR) | 8.7% | 8.8% |
| 5 years (CAGR) | 8.4% | 8.4% |
| 7 years (CAGR) | 10.8% | 10.7% |
| 10 years (CAGR) | n/a | 9.7% |
| Since first NAV (CAGR) | 10.4% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 11.5% | 9.0% |
| 3Y rolling median | 12.7% | 12.6% |
| 3Y rolling worst | 8.7% | 6.7% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | 13.0% | 11.7% |
| 5Y rolling worst | 8.4% | 4.0% |
| 5Y periods ahead of benchmark | n/a | n/a |
Benchmark: none available in MFIC's free data for this category.
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 9.3% | 9.2% |
| Sharpe ratio | 0.28 | 0.35 |
| Sortino ratio | 0.39 | 0.50 |
| Beta | n/a | n/a |
| Alpha (ann.) | n/a | n/a |
| Upside capture | n/a | n/a |
| Downside capture | n/a | n/a |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −26.3% | −15.3% |
| Maximum drawdown, last 10Y | n/a | −25.9% |
| Maximum drawdown, last 5Y | −9.1% | −9.9% |
| Current drawdown | −4.8% | −5.2% |
| Recovery time of worst fall | 120 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Market context from Integrato Market Intelligence
This scheme hold only part of their money in each of these markets; the mix is set by the scheme and changes over time.
22,421.95 −0.88%
NSE close, 1 Oct 2026
- P/E 19.2: higher than 0% of days since 2023 (median 22.2)
- 1Y −9.0% · 3Y +5.4% p.a. · 5Y +5.9% p.a. (index fund NAV, after costs)
- −14.8% from its 52-week high
6.78%
1 Jul 2026 · +0.43 pp in a year · 5Y average 6.90%
Index levels and P/E: NSE daily index closing values; gold and silver: IBJA rates; returns: growth NAV of an index fund or ETF tracking the market (AMFI), so they are after that fund's costs. Context only: a market's level or valuation does not tell you how any scheme will perform. Explore all markets.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 1.90% a year and the Direct plan's 0.83%, a gap of 1.07%; over the last 3 years the Direct plan returned 1.21 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹24,95,123.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Rohit Tandon | 22 Jan 2024 | |
| Hiten Shah | 22 Jan 2024 | |
| Abhishek Bisen | 22 Jan 2024 |
Objective: The investment objective of the scheme is to generate capital appreciation by investing in a dynamically balanced portfolio of equity & equity related securities and debt & money market securities. There is no assurance or guarantee that the investment objective of the scheme will be achieved.
Stated asset allocation: Equity & Equity related securities- 65%-100% Equity Derivatives- 0%-45% Debt Securities & Money Market instruments- 0%-35%
Benchmark (tier 1): NIFTY 50 Hybrid composite debt 50:50 Index (Total Return
Exit load: For redemption/switch out of upto 8% of the initial investment amount (limit) purchased or switched in within 180 Days from the date of allotment: Nil. If units redeemed or switched out are in excess of the limit within 180 Days from the date of allotment: 1%. If units are redeemed or switched out on or after 180 Days from the date of allotment: Nil. Any exit load charged (net off Goods and Services tax, if any) shall be credited back to the Scheme.
Minimum application: Rs. 100/-
Allotment date: 3 Aug 2018
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | 0.83% | 1.04% |
| AUM, whole scheme (₹ crore) | 17,061 | 2,109 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 1.6% | -2.7% TRI |
| Return, 3 years (AMFI) | 9.0% | 6.0% TRI |
| Return, 5 years (AMFI) | 8.6% | 6.0% TRI |
| Month-ends above category median (3Y CAGR) | 42% | 44% median |
| Month-ends in category top quartile (3Y) | 6% | 16% median |
| 7Y rolling CAGR, median (monthly windows) | 11.9% | 11.3% median |
Official benchmark: NIFTY 50 Hybrid Composite Debt 50:50 Index (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Balanced Advantage Direct plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | -2.5% | n/a | – |
| 2025 | 7.1% | n/a | – |
| 2024 | 15.7% | n/a | – |
| 2023 | 17.4% | n/a | – |
| 2022 | 5.1% | n/a | – |
| 2021 | 14.4% | n/a | – |
| 2020 | 15.0% | n/a | – |
| 2019 | 13.2% | n/a | – |
No free benchmark proxy for this category. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,18,446 | -2.4% |
| 3 years | ₹3,60,000 | ₹3,83,612 | 4.2% |
| 5 years | ₹6,00,000 | ₹7,28,725 | 7.7% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
Category: Balanced Advantage
Plan / option: Direct · Growth
AMFI scheme code: 144335
ISIN: INF174KA1210
First NAV in MFIC data: 10 Aug 2018
History: 8.1 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| Canara Robeco Balanced Advantage Fund | Balanced Advantage | 0.99 | n/a |
| WhiteOak Capital Balanced Advantage Fund | Balanced Advantage | 0.98 | 11.0% |
| WhiteOak Capital Balanced Hybrid Fund | Balanced Hybrid | 0.98 | n/a |
| Union Balanced Advantage Fund | Balanced Advantage | 0.97 | 7.6% |
| Canara Robeco Aggressive Hybrid Fund | Aggressive Hybrid | 0.97 | 9.8% |
| Aditya Birla Sun Life Balanced Advantage Fund | Balanced Advantage | 0.97 | 10.9% |
Questions about Kotak Balanced Advantage Fund
- What is the latest NAV of Kotak Balanced Advantage Fund?
- The NAV of the Direct plan (growth option) was ₹22.3680 on 1 Oct 2026, as published by AMFI.
- Which category is Kotak Balanced Advantage Fund in?
- It is classified as Balanced Advantage in AMFI's daily NAV file; a Balanced Advantage scheme changes its equity and debt mix dynamically. MFIC compares it with 37 Balanced Advantage schemes (Direct plans).
- What returns has Kotak Balanced Advantage Fund delivered?
- Over one year the NAV changed by 0.3%. The 3-year CAGR is 8.7% (category median 8.8%) and the 5-year CAGR is 8.4% (category median 8.4%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 12.7%, the lowest was 8.7%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in Kotak Balanced Advantage Fund's NAV?
- The largest peak-to-trough fall in its available history was 26.3%; within the last five years it was 9.1% (category median 9.9%).
- How volatile is Kotak Balanced Advantage Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 9.3%, which is above the Balanced Advantage category median of 9.2%.
- What would a monthly SIP in Kotak Balanced Advantage Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹7,28,725 on 1 Oct 2026, an annualised return (XIRR) of 7.7%. This uses the Direct plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of Kotak Balanced Advantage Fund?
- The total expense ratio of the Direct plan is 0.83% a year, as disclosed to AMFI (median of Balanced Advantage Direct plans: 1.04%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Kotak Balanced Advantage Fund?
- Assets under management of the whole scheme were ₹17,061 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Kotak Balanced Advantage Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of Kotak Balanced Advantage Fund and how has it compared?
- Its official benchmark is the NIFTY 50 Hybrid Composite Debt 50:50 Index. Over 3 years AMFI reports a return of 9.0% for this plan against 6.0% for the benchmark total return index; over 5 years 8.6% against 6.0%. Past performance does not indicate future results.
- How often has Kotak Balanced Advantage Fund beaten its category?
- At 42% of the 62 month-ends compared over the last 10 years, its 3-year return was above the median of Balanced Advantage schemes (Direct plans); it was in the top quarter at 6% of them. A typical scheme would show about 50%.
- Who manages Kotak Balanced Advantage Fund?
- According to its Scheme Summary Document, Kotak Balanced Advantage Fund is managed by Rohit Tandon (since 22 Jan 2024), Hiten Shah (since 22 Jan 2024), Abhishek Bisen (since 22 Jan 2024).
- What is the exit load of Kotak Balanced Advantage Fund?
- As stated in its scheme documents: For redemption/switch out of upto 8% of the initial investment amount (limit) purchased or switched in within 180 Days from the date of allotment: Nil. If units redeemed or switched out are in excess of the limit within 180 Days from the date of allotment: 1%. If units are redeemed or switched out on or after 180 Days from the date of allotment: Nil. Any exit load charged (net off Goods and Services tax, if any) shall be credited back to the Scheme. Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in Kotak Balanced Advantage Fund?
- The minimum application amount is Rs. 100/-. SIP details: SIP - Rs. 100 and any amount thereafter; SWP - Rs. 1000 STP - Rs. 1000.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 0.3% and the Regular plan's by -0.7%. The Regular plan includes the services of a distributor.
Reviewing your own mutual fund portfolio?
Integrato's team can walk you through how your current schemes have behaved, using the same data shown here. Integrato is an AMFI-registered Mutual Fund Distributor.
Follow Kotak Balanced Advantage Fund by email
Every Monday: this scheme's NAV, 1-month and 1-year return beside its category median, 3-year CAGR and how far it is below its peak. Add more schemes from their pages or from your MFIC watchlist. Free; unsubscribe from any email.
Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Direct plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.