Fund Tracker India by Ishaan Dungarwal
Guide
Fund categoriesHybridSep 2026

Balanced advantage or dynamic asset allocation funds: what they hold and bought

SEBI's rule: Equity and debt in a mix the fund manages up and down over time. Source: SEBI categorisation circular, 6 Oct 2017, as amended

34 balanced advantage or dynamic asset allocation funds from 33 fund houses filed a portfolio for Sep 2026. Here is what most of them hold, and what they added and cut.

Category as AMFI lists it; the two AMFI spellings of a category are one page. Counted over open-ended schemes with an equity portfolio for the month, share counts from each fund house's monthly file. Value added or cut = change in shares × the month's value per share in that file, never a change in price.

Schemes34portfolio filed for Sep 2026, of 38
Fund houses33running one
Stocks held550listed on NSE, any scheme

Stocks most balanced advantage or dynamic asset allocation funds hold, Sep 2026

Ranked by how many schemes in the category hold the stock; the average is its % of net assets in the schemes holding it.

schemes holding · average weight
  1. ICICIBANK ICICI Bank Ltd.
    30 of 34 · 4.50%
  2. HDFCBANK HDFC Bank Ltd.
    30 of 34 · 4.41%
  3. BHARTIARTL Bharti Airtel Ltd.
    30 of 34 · 2.68%
  4. RELIANCE Reliance Industries Ltd.
    29 of 34 · 3.56%
  5. SBIN State Bank of India
    28 of 34 · 2.14%
  6. AXISBANK Axis Bank Ltd.
    28 of 34 · 2.09%
  7. LT Larsen & Toubro Ltd.
    28 of 34 · 1.82%
  8. M&M Mahindra & Mahindra Ltd.
    28 of 34 · 1.35%
  9. KOTAKBANK Kotak Mahindra Bank Ltd.
    27 of 34 · 2.13%
  10. ETERNAL Eternal Ltd.
    27 of 34 · 1.93%
  11. INFY Infosys Ltd.
    25 of 34 · 1.45%
  12. BAJFINANCE Bajaj Finance Ltd.
    23 of 34 · 1.64%
  13. NTPC NTPC Ltd.
    23 of 34 · 0.86%
  14. SHRIRAMFIN Shriram Finance Ltd.
    22 of 34 · 1.13%
  15. ITC ITC Ltd.
    22 of 34 · 1.04%
  16. ULTRACEMCO Ultratech Cement Ltd.
    22 of 34 · 0.94%
  17. SUNPHARMA Sun Pharmaceutical Industries Ltd.
    21 of 34 · 1.24%
  18. TITAN Titan Company Ltd.
    21 of 34 · 1.08%
  19. SBILIFE SBI Life Insurance Co. Ltd.
    21 of 34 · 0.70%
  20. DIVISLAB Divi's Laboratories Ltd.
    20 of 34 · 1.03%

Most bought, Sep 2026

value of shares added · schemes adding
  1. STARHEALTH Star Health and Allied Insurance Company Ltd · 1, 1 new
    +₹520 cr
  2. BHARTIARTL Bharti Airtel Ltd. · 6
    +₹492 cr
  3. SWIGGY Swiggy Ltd. · 2, 2 new
    +₹375 cr
  4. CHOLAFIN Cholamandalam Investment & Finance Co. Ltd. · 6, 3 new
    +₹238 cr
  5. ENTERO Entero Healthcare Solutions Ltd · 1, 1 new
    +₹202 cr
  6. ICICIBANK ICICI Bank Ltd. · 6
    +₹198 cr
  7. LICI Life Insurance Corporation of India · 3
    +₹174 cr
  8. SUNPHARMA Sun Pharmaceutical Industries Ltd. · 2
    +₹170 cr
  9. TVSMOTOR TVS Motor Company Ltd. · 3, 1 new
    +₹161 cr
  10. FEDERALBNK The Federal Bank Ltd. · 3, 2 new
    +₹130 cr

Most sold, Sep 2026

value of shares cut · schemes cutting
  1. DLF DLF Ltd. · 7, 3 sold out
    −₹341 cr
  2. PIIND PI Industries Ltd. · 1
    −₹97.5 cr
  3. ADANIPORTS Adani Ports and Special Economic Zone Ltd. · 5, 1 sold out
    −₹84.1 cr
  4. HAL Hindustan Aeronautics Ltd. · 5, 2 sold out
    −₹74.1 cr
  5. NETWEB Netweb Technologies India Ltd. · 1
    −₹74.1 cr
  6. LENSKART Lenskart Solutions Ltd. · 2
    −₹71.6 cr
  7. ETERNAL Eternal Ltd. · 8
    −₹70.4 cr
  8. LT Larsen & Toubro Ltd. · 7
    −₹57.1 cr
  9. BHEL Bharat Heavy Electricals Ltd. · 1
    −₹56.6 cr
  10. LALPATHLAB Dr. Lal Path labs Ltd. · 3, 1 sold out
    −₹50.4 cr

Balanced advantage or dynamic asset allocation schemes (34)

largest AUM first
SchemeFund houseAUM1-year return
HDFC Balanced Advantage FundHDFC Mutual Fund₹1,06,770 cr+0.9%
ICICI Prudential Balanced Advantage FundICICI Prudential Mutual Fund₹74,079 cr+6.0%
SBI Balanced Advantage FundSBI Mutual Fund₹41,731 cr+1.3%
Kotak Balanced Advantage FundKotak Mahindra Mutual Fund₹17,304 cr+3.9%
Aditya Birla Sun Life Balanced Advantage FundAditya Birla Sun Life Mutual Fund₹9,895 cr+8.1%
Nippon India Balanced Advantage FundNippon India Mutual Fund₹9,855 cr+4.4%
Tata Balanced Advantage FundTata Mutual Fund₹8,604 cr+1.1%
Baroda BNP Paribas Balanced Advantage FundBaroda BNP Paribas Mutual Fund₹5,204 cr+5.5%
UTI - Unit Linked Insurance PlanUTI Mutual Fund₹5,076 cr+3.0%
Axis Balanced Advantage FundAxis Mutual Fund₹3,812 cr+4.1%
DSP Dynamic Asset Allocation FundDSP Mutual Fund₹3,792 cr+6.1%
NJ Balanced Advantage FundNJ Mutual Fund₹3,375 cr+2.8%
UTI Balanced Advantage FundUTI Mutual Fund₹3,016 cr+2.1%
Franklin India Balanced Advantage FundFranklin Templeton Mutual Fund₹2,810 cr+0.8%
Parag Parikh Dynamic Asset Allocation FundPPFAS Mutual Fund₹2,596 cr+3.2%
WhiteOak Capital Balanced Advantage FundWhiteOak Capital Mutual Fund₹2,274 cr+4.9%
BANDHAN Balanced Advantage FundBandhan Mutual Fund₹2,267 cr+5.8%
Mirae Asset Balanced Advantage FundMirae Asset Mutual Fund₹2,157 cr+5.4%
Sundaram Dynamic Asset Allocation Fund (Formerly Known as Sundaram Balanced Advantage Fund)Sundaram Mutual Fund₹1,671 cr+0.2%
HSBC Balanced Advantage FundHSBC Mutual Fund₹1,517 cr+3.3%
UNIFI DYNAMIC ASSET ALLOCATION FUNDUnifi Mutual Fund₹1,391 cr+8.7%
Bajaj Finserv Balanced Advantage FundBajaj Finserv Mutual Fund₹1,256 cr+6.0%
Union Balanced Advantage FundUnion Mutual Fund₹1,222 cr+2.5%
Canara Robeco Balanced Advantage FundCanara Robeco Mutual Fund₹1,088 cr+1.4%
Invesco India Balanced Advantage FundInvesco Mutual Fund₹951 cr+1.5%
quant Dynamic Asset Allocation Fundquant Mutual Fund₹866 cr−0.2%
PGIM India Balanced Advantage FundPGIM India Mutual Fund₹741 cr+0.5%
Motilal Oswal Balanced Advantage FundMotilal Oswal Mutual Fund₹731 cr+0.6%
LIC MF Balanced Advantage FundLIC Mutual Fund₹683 cr+1.8%
Helios Balanced Advantage FundHelios Mutual Fund₹287 cr+4.6%
BANK OF INDIA BALANCED ADVANTAGE FUNDBank of India Mutual Fund₹175 cr+4.3%
Samco Dynamic Asset Allocation FundSamco Mutual Fund₹173 cr+0.7%
The Wealth Company Balanced Advantage FundThe Wealth Company Mutual Fund₹47.1 cr—
Shriram Balanced Advantage FundShriram Mutual Fund₹42.9 cr+0.4%

AUM = AMFI's latest average AUM for the scheme; 1-year return = change in NAV over the year, as on each scheme page. Filter and compare every scheme

Questions about balanced advantage or dynamic asset allocation funds

from the figures on this page

Which stocks do balanced advantage or dynamic asset allocation funds hold the most?

In Sep 2026, 30 of the 34 balanced advantage or dynamic asset allocation funds with a portfolio held ICICI Bank Ltd.. The five held by the most schemes: ICICI Bank Ltd. (ICICIBANK), HDFC Bank Ltd. (HDFCBANK), Bharti Airtel Ltd. (BHARTIARTL), Reliance Industries Ltd. (RELIANCE), State Bank of India (SBIN). Funds holding ICICIBANK

What did balanced advantage or dynamic asset allocation funds buy and sell in Sep 2026?

Most bought by value of shares added: Star Health and Allied Insurance Company Ltd (STARHEALTH), Bharti Airtel Ltd. (BHARTIARTL), Swiggy Ltd. (SWIGGY). Most sold: DLF Ltd. (DLF), PI Industries Ltd. (PIIND), Adani Ports and Special Economic Zone Ltd. (ADANIPORTS). All stocks bought and sold by mutual funds, Sep 2026

How many balanced advantage or dynamic asset allocation funds are there?

AMFI lists 38 open-ended balanced advantage or dynamic asset allocation funds; 34 from 33 fund houses filed an equity portfolio for Sep 2026. Filter every scheme

Other fund categories

Aggressive hybrid Arbitrage Balanced hybrid Children's Conservative hybrid Contra Dividend yield ELSS (tax saver) Equity savings Flexi cap Focused Large & mid cap Large cap Life cycle Mid cap Multi asset allocation Multi cap Retirement Sectoral or thematic Small cap Value