Fundalysisby DARKHORSESTOCKS

Scheme

Nippon India Balanced Advantage Fund

Holds 84 companies worth ₹7,340 Cr in Sept 2026.

  • Fund house

    NipponThe fund house that runs this scheme.

  • AUM

    ₹9,532 CrNippon India Balanced Advantage Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 3.9% on Aug 2026, ₹9,918 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 6.3% of this scheme's NAV.

  • Fund manager

    Sushil BudhiaRuns it since 1 Mar 2021, as the fund house dates it. With Bhavik Dave (fund manager).

Overview(8 Oct 2026)

Fund managers2

  1. Sushil BudhiaFund manager · Mar 2021 · 25y · CA
  2. Bhavik DaveFund manager · Jan 2026 · 14y · PGDM
  1. Ashutosh BhargavaMay 2018 – Mar 2026
  2. Amar KalkundrikarOct 2020 – Aug 2025

Key facts

Benchmark
CRISIL Hybrid 50+50 - Moderate Index
Risk
Very High
Expense
Regular 1.99% · Direct 0.89%
Exit load
10% of the units allotted shall be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to the following exit load. Redemption of units would be done on First in First out Basis (FIFO): 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units. Nil, thereafter.
Started
15 Nov 2004
Minimum
₹100

Source.Its Scheme Summary Document as of 8 Oct 2026 at AMFI.

What changed(21 changes)

Oct 2026

1 change
  1. Expense ratio
    8 OctDirect 0.88% → 0.89%

Sept 2026

2 changes
  1. Expense ratio
    9 SeptDirect 0.87% → 0.88%
  2. Category
    9 SeptHybrid: Dynamic Asset Allocation/Balanced Advantage → Dynamic Asset Allocation Fund/ Balanced Advantage Fund

Aug 2026

1 change
  1. Expense ratio
    23 AugRegular 1.97% → 1.99%Direct 0.85% → 0.87%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(May 2018 – now)

  1. Sushil Budhia
  2. Bhavik Dave
  3. Ashutosh Bhargava
  4. Amar Kalkundrikar
MainCoSlice20192020202120222023202420252026
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 – Oct 2026)

Every change to the expense ratio, newest first.
18 changesRegularDirectΔ pt
8 Oct 20261.99%0.89%0.01
9 Sept 20261.99%0.88%0.01
23 Aug 20261.99%0.87%0.02
9 Jul 20261.97%0.85%0.10
9 Jun 20262.07%0.95%0.06
14 May 20262.00%0.89%0
7 May 20262.01%0.89%0.06
9 Apr 20262.07%0.95%0.38
9 Mar 20261.75%0.57%0.01
8 Jan 20261.74%0.56%0.01
10 Oct 20251.74%0.57%0.02
10 May 20251.74%0.55%0.02
10 Apr 20251.76%0.57%0
10 Dec 20241.75%0.57%0.01
11 Nov 20241.76%0.58%0.02
10 Oct 20241.74%0.56%0.01
20 Sept 20241.74%0.55%0.01
20 Aug 20241.75%0.56%–
Direct plan, 8 Oct 2026
0.89%
Regular plan 1.99% · Exit load 10% of the units allotted shall be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to the following exit load. Redemption of units would be done on First in First out Basis (FIFO): 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units. Nil, thereafter.
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(8 Oct 2026)

Objective

The investment objective of the scheme is to capitalize on the potential upside in equity markets while attempting to limit the downside by dynamically managing the portfolio through investment in equity & equity related instruments and active use of debt, money market instruments and derivatives. There is no assurance or guarantee that the investment objective of the scheme will be achieved.

Risk, type and benchmark

Riskometer
Very High
At launch
Moderately High
Type
An open-ended dynamic asset allocation fund investing in debt and equity instruments only
Benchmark
CRISIL Hybrid 50+50 - Moderate Index

Asset allocation it may hold% of NAV

  1. Equity & Equity Related Instruments –
    Allowed65–100%Holds75.0%
  2. Debt Instruments & Money Market Instruments –
    Allowed0–35%Holds23.0%
  3. Units issued by REITs and InvITs –
    Allowed0–10%Holds2.0%

Holds in Sept 2026.75.0% equity · 23.0% debt and cash · 2.0% REITs and InvITs

How to invest(8 Oct 2026)

Buying

To start
₹100, then in multiples of ₹1
To add
₹100, then in multiples of ₹1
Most
Any
Systematic
SIP - Monthly, Quarterly, Yearly SWP - Monthly / Quarterly / Half yearly / Yearly STP - Daily/ Weekly/ Fortnightly/ Monthly / Quarterly
Dates
SIP - 1st to 31st of a month SWP - 1st, 8th, 15th, 22nd transaction day (if holiday, then next working day) STP - 1st to 28th of a month
Minimum
SIP - Rs.100/- per month (minimum 60 months) Rs.500/- per month (minimum 12 months) Rs.1000/- per month (minimum 6 months) Rs. 500/- per quarter (minimum 12 quarters) Rs.1500/- per quarter (minimum 4 quarters) Rs. 5000/- per year (minimum 2 years) SWP - 500 STP - Daily- Minimum of Rs. 100 Weekly / Fortnight / Monthly option - Rs. 1000 Quarterly - Rs. 3000 Capital Appreciation Monthly/ Quarterly - Rs. 500, then sIP - Rs. 500 if SIP amount is 5,000 per year & Rs. 1 for any other amount SWP - 1 STP - 1
Instalments
SIP - 60 months for Rs. 100 per month 12 months for Rs. 500 per month 6 months for Rs. 1,000 per month 12 quarters for Rs. 500 per quarter 4 quarters for Rs. 1500 per quarter 2 years for Rs. 5000 per Year SWP - 2 STP - 2
Most
SIP - Any SWP - Any STP - Any

Selling and switching

To redeem
₹100 or Any units
Switch minimum
₹100

Scheme details(8 Oct 2026)

What it is

Category
Dynamic Asset Allocation Fund/ Balanced Advantage Fund
Offer
16 Oct 2004 to 11 Nov 2004
Started
15 Nov 2004
Reopened
16 Nov 2004
Plans
Direct Plan IDCW Plan Payout · Direct Plan IDCW Plan Reinvestment · Direct Plan Growth Plan - Growth Option Growth · Growth Plan Bonus Option Bonus · IDCW Plan Payout · IDCW Plan Reinvestment · Growth Plan - Growth Option Growth
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
No
Custodian
Deutsche Bank
Auditor
Walker Chandiok & Co LLP
Registrar
KFin Technologies Limited
SEBI code
NIMF/O/H/DAA/04/04/0017