Fundalysisby DARKHORSESTOCKS

Scheme

Axis Balanced Advantage Fund

Holds 109 companies worth ₹2,743 Cr in Sept 2026.

  • Fund house

    AxisThe fund house that runs this scheme.

  • AUM

    ₹3,654 CrAxis Balanced Advantage Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 4.7% on Aug 2026, ₹3,835 Cr.

  • Largest holding

    ICICI BankICICI Bank is 5.8% of this scheme's NAV.

  • Fund manager

    Hardik ShahRuns its co-manager part since 31 Jan 2022, as the fund house dates it. With Jayesh Sundar (co-manager), Devang Shah (co-manager).

Overview(28 Sept 2026)

Fund managers3

  1. Hardik ShahCo-manager, debt · Jan 2022 · 14y · MBA B.E.
  2. Jayesh SundarCo-manager, equity · Sept 2023 · 21y · CA
  3. Devang ShahCo-manager, debt · Apr 2024
  1. Ashish NaikMar 2023 – Dec 2024

Key facts

Benchmark
NIFTY 50 Hybrid Composite Debt 50:50 Index
Risk
Very High
Expense
Regular 2.15% · Direct 1.07%
Exit load
10% within 12 months
Started
1 Aug 2017
Minimum
₹100

Source.Its Scheme Summary Document as of 28 Sept 2026 at AMFI.

What changed(23 changes)

Sept 2026

2 changes
  1. Category
    28 SeptBalanced Advantage Fund → To achieve the dual objective of capital appreciation by investing in a portfolio of equity related instruments and generating income through investments in debt and money market instruments. It also aims to manage risk through active asset allocation. There is no assurance that the investment objective of the Scheme will be achieved.
  2. Expense ratio
    10 SeptRegular 1.99% → 2.15%Direct 0.75% → 1.07%

May 2026

1 change
  1. Expense ratio
    17 MayRegular 1.91% → 1.99%Direct 0.73% → 0.75%

Jan 2026

1 change
  1. Expense ratio
    18 JanDirect 0.74% → 0.73%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(Jan 2022 – now)

  1. Hardik Shah
  2. Jayesh Sundar
  3. Devang Shah
  4. Ashish Naik
MainCoSlice2023202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Aug 2024 – Sept 2026)

Every change to the expense ratio, newest first.
22 changesRegularDirectΔ pt
10 Sept 20262.15%1.07%0.32
17 May 20261.99%0.75%0.02
18 Jan 20261.91%0.73%0.01
13 Nov 20251.91%0.74%0.01
26 Sept 20251.92%0.75%0
4 Jun 20251.94%0.75%0.04
7 May 20251.97%0.79%0.01
9 Apr 20251.98%0.80%0.02
25 Mar 20251.98%0.78%0.01
6 Mar 20251.99%0.79%0.04
25 Feb 20252.00%0.83%0.01
10 Feb 20251.99%0.82%0.01
16 Jan 20252.00%0.83%0.01
30 Dec 20241.99%0.82%0.01
10 Dec 20241.99%0.81%0.01
28 Nov 20241.99%0.82%0
12 Nov 20242.00%0.82%0.01
30 Oct 20242.01%0.83%0.01
16 Oct 20242.00%0.82%0.01
23 Sept 20242.00%0.83%0.01
30 Aug 20242.01%0.84%0.01
21 Aug 20242.02%0.85%–
Direct plan, 10 Sept 2026
1.07%
Regular plan 2.15% · Exit load 10% within 12 months
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(28 Sept 2026)

Objective

To achieve the dual objective of capital appreciation by investing in a portfolio of equity or equity linked securities and generating income through investments in debt and money market instruments. It also aims to manage risk through active asset allocation. There is no assurance that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

Risk, type and benchmark

Riskometer
Very High
At launch
High
Type
An open ended dynamic asset allocation fund investing in debt and equity instruments only.
Benchmark
NIFTY 50 Hybrid Composite Debt 50:50 Index

Asset allocation it may hold% of NAV

  1. Equity and Equity related securities
    Allowed0–100%Holds74.2%
  2. Debt & Money Market Instruments
    Allowed0–100%Holds24.9%
  3. Units issued by InvITs
    Allowed0–10%Holds0.9%

Holds in Sept 2026.74.2% equity · 24.9% debt and cash · 0.9% REITs and InvITs

How to invest(28 Sept 2026)

Buying

To start
₹100, then in multiples of ₹1
To add
₹100, then in multiples of ₹1
Systematic
SIP - Daily / Weekly / Monthly / Yearly ,Choti SIP - Monthly ; SWP - Weekly / Monthly / Quarterly / Halfyearly / Yearly STP - Daily / Weekly / Fortnightly / Monthly / Quarterly
Dates
SIP - Except 29,30 and 31 all dates SWP - Any Business Day, STP - Daily, Weekly all days, Fortnightly - alternate Wednesday, Monthly and Quarterly 1,7,10,15 and 25
Minimum
SIP Daily - 10, Weekly - 100, Monthly 100.00, SIP Yearly - 12000.00 SWP - 1000 STP - Daily, Weekly, Fortnightly, Monthly - 1000 and Quarterly 3000.00. Choti SIP - Maximum one SIP under the facility of exactly equal to Rs. 250/- is allowed. The facility is restricted to three SIP’s across all Mutual Funds (one each in upto three Asset Management Companies)., then in multiples of ₹1
Instalments
SIP Daily -6, Weekly - 6, Monthly - 6 SIP - Yearly - 3, Choti SIP - 60 installments at the time of registration ( If the tenure is below or above 5 years then SIP will be considered as Normal SIP. However, if investor desires to stop or withdraw the SIP investment prematurely, there is no restriction); SWP - Weekly - 5, Monthly - 6, Quarterly - 4, Halfyearly - 4, Yearly - 2 STP - Daily -6, Weekly - 6, Fortnightly -6, Monthly - 6, Quarterly -2

Selling and switching

Scheme details(28 Sept 2026)

What it is

Category
To achieve the dual objective of capital appreciation by investing in a portfolio of equity related instruments and generating income through investments in debt and money market instruments. It also aims to manage risk through active asset allocation. There is no assurance that the investment objective of the Scheme will be achieved.
Offer
11 Jul 2017 to 25 Jul 2017
Started
1 Aug 2017
Reopened
7 Aug 2017
Plans
Direct IDCW Direct Growth Regular IDCW Regular Growth
Face value
₹10
Listed
Unlisted

How it is run

Swing pricing
No
Side-pocketing
Yes
Custodian
DEUTSCHE BANK AG
Auditor
B S R & Co. LLP
Registrar
Kfintech Ltd
SEBI code
AXIS/O/H/BAF/17/05/0024