Top 5 Balanced Advantage SWP Mutual Funds for Dynamic Asset Allocation for September 2026

Dynamic Asset Allocation Mutual Funds, also known as Balanced Advantage Funds, combine the growth potential of stocks with the stability of fixed-income instruments.    

The defining feature of these funds is their ability to adjust the equity and debt allocation dynamically based on market conditions, aiming for optimal returns with controlled risk.   

Top 5 Balanced Advantage SWP Mutual Funds for June 2026  

Here's a list of the top 5 balanced advantage SWP mutual funds based on 5-year CAGR performance and consistent returns. 

Note: In the above data, The NAV is as of September 1, 2026, and AUM as of July 31, 2026. 

HDFC Balanced Advantage Fund 

Managed by Gopal Agrawal, the HDFC Balanced Advantage Fund has an AUM of ₹1,07,765.6 crore and an expense ratio of 1.28%. Launched on September 11, 2000, it follows the NIFTY 50 Hybrid Composite Debt 50:50 Index. The fund's NAV is ₹524.18, with a 52-week high of ₹539.05 and a low of ₹483.48. It has shown a 1-year return of 3.46% and a 5-year return of 13.67%. 

Exit Load: Nil upto 15% of Units For excess Units 1% on or before 1 year and Nil after 1 year. 

ICICI Pru Balanced Advantage Fund 

Rajat Chandak manages the ICICI Pru Balanced Advantage Fund, which has an AUM of ₹74,555.4 crore and an expense ratio of 1.55%. Initiated on December 30, 2006, it tracks the CRISIL Hybrid 50+50 - Moderate Index. The NAV is ₹79.41, with a 52-week high of ₹80.38 and a low of ₹71.79. The fund has delivered a 1-year return of 7.92% and a 5-year return of 10.84%. 

Exit Load: Nil upto 30% of units and 1% for remaining units on or before 1 year Nil after 1 year. 

Baroda BNP Paribas Balanced Advantage Fund 

Jitendra Sriram oversees the Baroda BNP Paribas Balanced Advantage Fund, which has an AUM of ₹5,166.2 crore and an expense ratio of 2.16%. Launched on November 14, 2018, it follows the BSE 200 Index. The NAV stands at ₹26.07, with a 52-week high of ₹26.34 and a low of ₹22.97. It has achieved a 1-year return of 10.37%. 

Exit Load: Nil upto 10% of units and 1% for remaining units on or before 1 year Nil after 1 year. 

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Bank of India Balanced Advantage Fund 

Managed by Alok Singh, the Bank of India Balanced Advantage Fund has an AUM of ₹177.6 crore and an expense ratio of 2.64%. It was launched on March 14, 2014, and tracks the NIFTY 50 Hybrid Composite Debt 50:50 Index. The NAV is ₹26.11, with a 52-week high of ₹26.56 and a low of ₹24.54. The fund has posted a 1-year return of 7.25%. 

Exit Load: NIL for 10% of investments and 1% for remaining investments on or before 3 Month NIL after 3 Month. 

SBI Balanced Advantage Fund 

Dinesh Balachandran manages the SBI Balanced Advantage Fund, which has an AUM of ₹42,244.3 crore and an expense ratio of 1.68%. Launched on August 31, 2021, it follows the NIFTY 50 Hybrid Composite Debt 50:50 Index. The NAV is ₹15.81, with a 52-week high of ₹16.22 and a low of ₹14.99. The fund has recorded a 1-year return of 4.91%. 

Exit Load: Nil upto 10% of units and 1% for remaining units on or before 1 year Nil after 1 year. 

About Balanced Advantage Funds   

Balanced Advantage Funds are opted by investors for Systematic Withdrawal Plans (SWP) because they manage asset allocation dynamically, reducing the risk of capital erosion during volatile markets.   

Conclusion 

The top 5 balanced advantage SWP mutual funds for September 2026 include HDFC, ICICI, Baroda BNP Paribas, Bank of India, and SBI. These funds offer diverse returns, with HDFC showing a 5-year return of 13.67% and ICICI achieving a 1-year return of 7.92%. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.