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Kotak Balanced Advantage Fund

Dynamic Asset Allocation or Balanced Advantage · Kotak Mahindra Asset Management Company Limited.

In plain words

Among the 135 funds in its category, this one has grown money faster than most. ₹1 lakh invested 5 years ago would be about ₹1.5 lakh today. Investing ₹10,000 every month for the last 5 years would have put in ₹6.1 lakh and grown it to about ₹7.6 lakh. Be warned: in its worst stretch, ₹1 lakh briefly shrank to about ₹73,680. Expect meaningful ups and downs on the way.

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Kotak Balanced Advantage Fund is a Dynamic Asset Allocation or Balanced Advantage fund from Kotak Mahindra Asset Management Company Limited.. It has a track record of about 8.1 years. As of the latest data it carries an RS rating of 78/99 (its recent momentum versus category peers) and a King Score of 71/100 (a long-term quality composite). The current NAV is ₹22.75 (as of 2026-09-16).

At a glance. Long-term quality (King Score): 71/100 · Current momentum (RS): 78/99 · 5-year CAGR: 8.76% · Worst-ever fall: -26.32%
78RS rating
71King Score
8.96%3Y CAGR
8.76%5Y CAGR
-26.32%Max drawdown
0.3Sharpe 3Y
0.6%Expense
17110AUM ₹Cr

Growth of ₹100 - last 5 years

2021-092026-09
What ₹100 invested 5 years ago would be worth today, from actual NAV history.

Kotak Balanced Advantage Fund returns: last 1, 3, 5 and 10 years

PeriodThis fundCategory average
1 month-3.09%-2.55%
3 months0.37%0.65%
6 months4.09%3.72%
1 year1.72%1.46%
3 years (CAGR)8.96%8.91%
5 years (CAGR)8.76%8.8%

The last 5 years return is 8.76% a year (₹1 lakh → ₹1.5 lakh), and the last 3 years return is 8.96% - ahead of its category's 8.91% average by 0.1 points. Its trailing one-year return is 1.72%. Trailing returns flatter or disappoint depending on the end date you pick - the year-by-year and rolling-return sections below are a fairer read.

Year-by-year returns

YearKotak Balanced AdvantaBenchmark
2019+13.2%+7.7%
2020+15.0%+16.7%
2021+14.4%+30.2%
2022+5.1%+3.0%
2023+17.4%+25.8%
2024+15.7%+15.2%
2025+7.1%+6.7%
2026-0.9%-5.8%

Kotak Balanced Advantage Fund beat its benchmark in 5 of the last 8 calendar years. That is a strong hit-rate - most active funds fail to clear their index this often. Consistency against the benchmark matters more than any single great year.

Calendar-year returns show how bumpy the ride really was - an average hides the good years and the ugly ones.

What a monthly SIP in Kotak Balanced Advantage Fund would have made

A ₹10,000-a-month SIP, using this fund's actual NAV history. SIP returns (XIRR) differ from lumpsum CAGR because your money goes in gradually, averaging your entry price.

SIP durationYou investedIt becameXIRR
3 years₹370,000₹403,4115.7%
5 years₹610,000₹756,7588.55%

Over 5 years, ₹610,000 invested in monthly instalments would have grown to about ₹756,758 - an XIRR of 8.55%. Figures are pre-tax and assume you stayed invested throughout.

Risk & drawdowns

MeasureThis fundCategory average
Worst drawdown (lifetime)-26.32%-16.31%
Worst drawdown (3Y)-9.1%-9.91%
Volatility (1Y)10.78%10.51%
Sharpe (3Y)0.30.28
Sortino (3Y)0.530.47
Beta (3Y)0.560.55
Alpha (3Y)1.37%1.16%
Up capture59.4%60.22%
Down capture48.9%50.55%
Bull-market return19.1%18.15%
Bear-market return-12.1%-14.83%

Timing matters more than people admit: the best possible 1-year stretch in Kotak Balanced Advantage Fund (starting 2020-03-23) gained 58.6%, while the worst (starting 2019-03-22) lost 17.7%. The worst peak-to-bottom fall Kotak Balanced Advantage Fund has ever put investors through is -26.32% - the real test of whether you'd have stayed invested. In falling markets (Nifty below its 200-day average) it has returned about -12.1% annualised, versus 19.1% in rising markets. It has captured roughly 59.4% of its benchmark's up-moves and 48.9% of its down-moves.

How Kotak Balanced Advantage Fund behaves when markets fall

When the market is falling (the Nifty below its 200-day average), Kotak Balanced Advantage Fund has historically returned about -12.1% annualised, versus roughly 19.1% when the market is rising. Its deepest fall on record is -26.32%. Right now it sits about 3.14% below its all-time high (last hit 2026-08-06). The real question isn't the average year - it's whether you could hold on through the worst one.

How Kotak Balanced Advantage Fund ranks in its category

Percentile versus its ~135 category peers - 100th is best-in-class, 50th is average. This is the fairest apples-to-apples read.

3-year return
77th
Drawdown resilience
26th
Consistency
92th
Risk-adjusted (Sharpe)
79th

Consistency (rolling returns)

MeasureValue
Median 3Y rolling CAGR12.76%
3Y windows positive100.0%
Worst 3Y window9.85%
3Y windows beating Nifty 5002.7%
Median 5Y rolling CAGR13.0%

Instead of one lucky start date, rolling returns test every start date. Across all 3-year windows in its history, Kotak Balanced Advantage Fund returned a median of 12.76% a year, and 100.0% of those windows were positive.

What Kotak Balanced Advantage Fund holds

Its latest monthly portfolio disclosure. This is what your money actually owns.

Top holdings

ICICI BANK LTD. · Financials
3.8%
RELIANCE INDUSTRIES LTD. · Energy
3.6%
STATE BANK OF INDIA. · Financials
3.4%
HDFC BANK LTD. · Finance
3.0%
BHARTI AIRTEL LTD. · Communication Services
2.3%
Larsen and Toubro Ltd. · Industrials
2.1%
BAJAJ FINANCE LTD. · Non-Banking Financial Company (NBFC)
1.6%
Solar Industries India Limited · Materials
1.6%
GE VERNOVA T&D INDIA LIMITED · Industrials
1.5%
Mahindra & Mahindra Ltd. · Consumer Discretionary
1.5%

Sector allocation

Financials
10.6%
Industrials
9.6%
Materials
5.9%
Consumer Discretionary
5.2%
Energy
4.7%
Finance
4.1%
Information Technology
3.1%
Communication Services
3.0%

The top 10 holdings make up 24.3% of the portfolio, across 140 stocks. A higher concentration means the fund's fortunes ride on fewer names.

Portfolio overlap with similar funds

Kotak Balanced Advantage Fund shares SBI Balanced Advantage Fund (6%), Mirae Asset Balanced Advantage Fund (5%), WhiteOak Capital Balanced Advantage Fund (1%) of its portfolio with these category peers (overlap = the slice of the two portfolios invested in the same stocks). The lower the overlap, the more genuinely different the portfolios are.

Who manages Kotak Balanced Advantage Fund - and how good are they?

Kotak Balanced Advantage Fund is managed by Abhishek Bisen, Hiten Shah and Rohit Tandon. Below is each manager's complete track record - every fund they currently run, judged on the same numbers as everything else on this page - so you can see whether this fund is in strong hands or is the outlier in a weak book.

Abhishek Bisen's full record

Abhishek Bisen currently runs 58 funds, across Conservative Hybrid Fund, Dynamic Asset Allocation or Balanced Advantage, Dynamic Bond, Equity Savings and more, with about ₹126,446 Cr under management. The book's average King Score is 67.3/100. Their strongest fund by King Score is Kotak Dynamic Bond Fund (92/100); Kotak Balanced Advantage Fund ranks #12 of 58 in their book.

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#FundRSKing3M6M1Y3Y CAGR5Y CAGR10Y CAGRSharpeRoll 3YWorst fall
1Kotak Dynamic Bond Fund96922.2%4.0%6.7%7.8%6.6%7.8%0.499.0%-3.2%
2Kotak Debt Hybrid83880.9%2.1%3.1%8.4%8.3%9.6%0.411.4%-11.8%
3Kotak Bond Fund94851.4%3.0%5.0%7.1%6.1%6.9%0.247.5%-9.9%
4Kotak Manufacture in India Fund81835.2%15.6%14.3%19.1%n/an/a0.7622.2%-22.3%
5Kotak Equity Savings Fund87821.3%4.2%4.3%9.9%9.9%9.9%0.5610.4%-16.5%
6Kotak Business Cycle65792.3%13.2%2.6%14.4%n/an/a0.5518.7%-18.4%
7Kotak Nifty SDL Apr 2027 Top 12 Equal Weight Index Fund79771.5%2.8%6.2%7.4%n/an/a1.097.7%-3.6%
8Kotak Nifty SDL Plus AAA PSU Bond Jul 2028 60 40 Index Fund75771.4%2.7%5.8%7.4%n/an/a0.817.8%-0.6%
9Kotak Multicap Fund3777-0.0%7.6%3.7%15.8%n/an/a0.5424.6%-21.0%
10Kotak Nifty Financial Services Ex-Bank Index Fund5075-1.0%5.1%3.3%14.9%n/an/a0.4n/a-17.1%
11Kotak Silver ETF Fund of Fund9672-8.4%-9.1%76.5%45.2%n/an/a0.8747.2%-35.7%
12Kotak Balanced Advantage Fund (this page)78710.4%4.1%1.7%9.0%8.8%n/a0.312.8%-26.3%
13Kotak Banking & Financial Services Fund4470-1.8%4.6%4.9%11.5%n/an/a0.2814.7%-16.5%
14Kotak US Specific Equity Passive FOF7468-3.8%21.2%31.1%30.0%19.8%n/a1.121.5%-29.1%
15Kotak Gold Fund86650.8%-2.6%37.1%35.6%24.9%16.3%1.3310.6%-26.3%
16Kotak Multi Asset Omni FOF3265-0.7%2.3%6.5%14.3%14.3%15.1%0.7218.3%-22.8%
17Kotak Nifty Smallcap 50 Index Fund98627.2%24.0%12.1%18.2%n/an/a0.5424.2%-25.0%
18Kotak Income Plus Arbitrage Omni FOF53621.4%2.8%5.9%7.5%n/an/a0.658.0%-1.0%
19Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund63601.0%1.8%5.6%7.1%n/an/a0.218.1%-3.2%
20Kotak Gilt-Investment78591.3%2.4%3.3%5.7%5.4%6.9%-0.228.0%-13.3%
21Kotak Nifty SDL Jul 2033 Index Fund66591.2%2.6%5.4%7.0%n/an/a0.197.3%-2.3%
22Kotak Quant Fund3057-1.4%3.3%-1.1%13.0%n/an/a0.38n/a-22.3%
23Kotak Nifty 200 Momentum 30 Index Fund2341-4.3%2.7%-3.4%9.2%n/an/a0.13n/a-31.6%
24Kotak Nifty 50 Index Fund1937-2.1%-0.8%-6.6%5.7%6.6%n/a-0.0513.0%-16.4%
25Kotak BSE Housing Index Fund420-4.7%3.1%-12.1%5.4%n/an/a-0.04n/a-26.4%
26Kotak Healthcare Fund98n/a11.0%27.4%25.3%n/an/an/a1.04n/a-18.1%
27Kotak Nifty SmallCap 250 Index Fund95n/a3.5%20.2%4.3%n/an/an/a0.12n/a-20.4%
28Kotak Nifty Alpha 50 Index Fund92n/a2.6%15.0%6.1%n/an/an/an/an/a-14.9%
29Kotak Long Duration Fund91n/a1.2%2.0%2.5%n/an/an/a-0.41n/a-6.1%
30Kotak NIFTY Midcap 50 Index Fund90n/a0.5%12.3%7.0%n/an/an/a-0.17n/a-20.4%
31Kotak Special Opportunities Fund89n/a5.9%25.0%15.3%n/an/an/a-0.03n/a-23.1%
32Kotak CRISIL - IBX AAA Bond Financial Services Index Dec 2026 Fund89n/a1.9%3.8%6.8%n/an/an/a1.2n/a-0.2%
33Kotak CRISIL -IBX AAA Financial Services Index Sep-2027 Fund87n/a1.9%3.5%6.4%n/an/an/a1.17n/a-0.3%
34Kotak NIFTY Midcap 150 Index Fund82n/a-0.8%10.0%3.9%n/an/an/a0.22n/a-13.9%
35Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund82n/a1.7%3.1%5.9%n/an/an/an/an/a-0.4%
36Kotak MNC Fund79n/a0.7%17.8%16.7%n/an/an/a0.38n/a-16.5%
37Kotak Transportation & Logistics Fund74n/a7.1%12.3%2.7%n/an/an/a0.21n/a-17.1%
38Kotak Multi Asset Allocation Fund71n/a-1.0%2.3%14.2%n/an/an/a0.9n/a-12.0%
39Kotak Active Momentum Fund68n/a2.6%11.4%7.0%n/an/an/an/an/a-13.2%
40Kotak Technology Fund57n/a8.1%9.2%-9.4%n/an/an/a-0.21n/a-28.1%
41Kotak Nifty G-Sec July 2033 Index Fund55n/a0.7%1.9%4.6%n/an/an/a0.5n/a-2.1%
42Kotak Consumption Fund47n/a1.4%8.8%-3.6%n/an/an/a0.46n/a-20.6%
43Kotak Nifty 100 Equal Weight Index Fund47n/a-1.7%6.2%1.2%n/an/an/a-0.12n/a-13.5%
44Kotak Nifty Midcap 150 Momentum 50 Index Fund44n/a-3.0%7.6%1.1%n/an/an/a-0.5n/a-25.5%
45Kotak Nifty 50 Equal Weight Index Fund36n/a-1.8%3.0%-1.0%n/an/an/a-0.1n/a-12.5%
46Kotak Energy Opportunities Fund35n/a-2.9%4.6%3.0%n/an/an/a-0.16n/a-9.5%
47Kotak Nifty Commodities Index Fund31n/a-5.4%0.2%6.7%n/an/an/a0.23n/a-9.9%
48Kotak NIFTY 200 Quality 30 Index Fund30n/a-1.3%3.5%-6.5%n/an/an/an/an/a-15.2%
49Kotak NIFTY 100 Low Volatility 30 Index Fund28n/a-1.3%1.6%-5.8%n/an/an/a-0.36n/a-18.2%
50Kotak BSE PSU Index Fund26n/a-4.5%-4.1%4.9%n/an/an/a-0.39n/a-26.8%
51Kotak Nifty India Tourism Index Fund10n/a-1.2%7.1%-18.8%n/an/an/a-0.66n/a-31.1%
52Kotak BSE Sensex Index Fund9n/a-2.0%-1.6%-8.6%n/an/an/a-0.43n/a-16.1%
53Kotak Nifty Top 10 Equal Weight Index Fund3n/a-3.4%-2.5%-10.9%n/an/an/a-0.99n/a-18.6%
54Kotak Gold Silver Passive FOFn/an/a-4.3%-6.0%n/an/an/an/an/an/a-25.6%
55Kotak Rural Opportunities Fundn/an/a-2.0%-2.6%n/an/an/an/an/an/a-13.4%
56Kotak Nifty500 Momentum 50 Index Fundn/an/a-1.6%8.9%n/an/an/an/an/an/a-14.1%
57Kotak Nifty200 Value 30 Index Fundn/an/a-6.1%-2.1%n/an/an/an/an/an/a-13.5%
58Kotak Services Fundn/an/a0.9%3.8%n/an/an/an/an/an/a-6.2%

Hiten Shah's full record

Hiten Shah currently runs 4 funds, across Arbitrage Fund, Dynamic Asset Allocation or Balanced Advantage, Equity Savings, Multi Asset Allocation, with about ₹113,256 Cr under management. The book's average King Score is 78.0/100. Their strongest fund by King Score is Kotak Equity Savings Fund (82/100); Kotak Balanced Advantage Fund ranks #3 of 4 in their book.

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#FundRSKing3M6M1Y3Y CAGR5Y CAGR10Y CAGRSharpeRoll 3YWorst fall
1Kotak Equity Savings Fund87821.3%4.2%4.3%9.9%9.9%9.9%0.5610.4%-16.5%
2Kotak Arbitrage Fund88811.6%3.2%6.7%7.5%6.9%6.5%0.966.7%-0.6%
3Kotak Balanced Advantage Fund (this page)78710.4%4.1%1.7%9.0%8.8%n/a0.312.8%-26.3%
4Kotak Multi Asset Allocation Fund71n/a-1.0%2.3%14.2%n/an/an/a0.9n/a-12.0%

Rohit Tandon's full record

Rohit Tandon currently runs 6 funds, across Dynamic Asset Allocation or Balanced Advantage, FoF Domestic, Large Cap Fund, Sectoral/ Thematic, with about ₹31,442 Cr under management. The book's average King Score is 65.7/100. This fund is the highest-scored fund they run (King 71/100).

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#FundRSKing3M6M1Y3Y CAGR5Y CAGR10Y CAGRSharpeRoll 3YWorst fall
1Kotak Balanced Advantage Fund (this page)78710.4%4.1%1.7%9.0%8.8%n/a0.312.8%-26.3%
2Kotak Large Cap Fund5469-1.3%1.1%-3.9%9.0%8.7%12.5%0.1915.6%-36.9%
3Kotak Quant Fund3057-1.4%3.3%-1.1%13.0%n/an/a0.38n/a-22.3%
4Kotak Active Momentum Fund68n/a2.6%11.4%7.0%n/an/an/an/an/a-13.2%
5Kotak Gold Silver Passive FOFn/an/a-4.3%-6.0%n/an/an/an/an/an/a-25.6%
6Kotak Services Fundn/an/a0.9%3.8%n/an/an/an/an/an/a-6.2%

A caveat worth keeping: funds often have co-managers, and results belong to the whole team and process rather than one person. A manager's book tells you about their range and consistency, not a guarantee of skill.

Cost & fund basics

DetailValue
Expense ratio (Direct)0.6%
Exit load≈1% if redeemed within 1 year (typical)
Minimum investment₹100
Fund size (AUM)₹17,110 Cr
Age8.1 years
Plan / OptionDirect · Growth
BenchmarkNIFTY500

How Kotak Balanced Advantage Fund compares to peers

FundRSKing3Y CAGR
WhiteOak Capital Balanced Advantage Fund979411.3%
Mirae Asset Balanced Advantage Fund82899.6%
SBI Balanced Advantage Fund52879.2%
Axis Balanced Advantage Fund638710.8%
HSBC Balanced Advantage Fund83859.1%
Franklin India Balanced Advantage Fund65839.3%
Compare side by side. Chart Kotak Balanced Advantage Fund against these peers on one screen - rebased returns, drawdowns, rolling windows and stock-level overlap.
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Overlap warning: funds in the same category often own many of the same stocks - holding several rarely adds the diversification people expect.

What these numbers mean

RS rating (1-99) ranks a fund's recent momentum against its category - higher is stronger right now. King Score (0-100) is a long-term quality composite (returns, consistency, drawdown, risk-adjusted return) versus peers. Max drawdown is the worst peak-to-bottom fall the fund has ever experienced. Rolling returns test every possible start date, so one lucky (or unlucky) entry point can't distort the picture. Every formula behind this page is public - see how we calculate every number.

Kotak Balanced Advantage Fund review: the bottom line

On the data, its strengths are a strong long-term quality score (71/100), a low expense ratio (0.6%). Whether it fits you depends on your goals, horizon and risk appetite - this page describes the fund, it does not recommend it.

Related

Frequently asked questions

Is Kotak Balanced Advantage Fund a good mutual fund?

That depends on your goals and risk tolerance - this is descriptive research, not advice. On the numbers, Kotak Balanced Advantage Fund scores 71/100 on our King Score and RS 78/99 within its category, has compounded 8.96% a year over three years, and its worst drawdown was -26.32%. Compare those against your needs and the peer table above.

What is the NAV of Kotak Balanced Advantage Fund today?

The latest NAV is ₹22.75 (as of 2026-09-16). NAV (net asset value) is the per-unit price of the fund, published every business day by the AMC.

What is the expense ratio of Kotak Balanced Advantage Fund?

The Direct-plan expense ratio is 0.6% a year. The Direct plan is cheaper than the Regular plan because it carries no distributor commission - over decades that gap compounds meaningfully.

Who is the fund manager of Kotak Balanced Advantage Fund?

Kotak Balanced Advantage Fund is managed by Abhishek Bisen; Hiten Shah; Rohit Tandon.

Is Kotak Balanced Advantage Fund safe? How risky is it?

No market-linked fund is 'safe' in the fixed-deposit sense - the honest question is how deep its falls get. Its worst historical drawdown was -26.32% - ₹1 lakh briefly becoming about ₹73,680. As a hybrid fund, its risk profile is typical of that category. Look at the drawdown, volatility and bear-market figures above and ask whether you could stay invested through the bad stretches.

Is Kotak Balanced Advantage Fund good for SIP?

We can't tell you what to do, but here is what actually happened: a ₹10,000 monthly SIP over the last 5 years grew ₹6.1 lakh into about ₹7.6 lakh (XIRR 8.55%). SIPs average your entry price, which helps most in funds that swing hard - check the crash-behaviour section above to see how it treats investors in bad markets.

What are the SIP returns of Kotak Balanced Advantage Fund?

A ₹10,000/month SIP over 5 years would have grown to about ₹756,758 (an XIRR of 8.55%) on ₹610,000 invested, using the fund's actual NAV history. See the SIP table above for other durations.

How does Kotak Balanced Advantage Fund rank among similar funds?

On 3-year returns it sits around the 77th percentile of its category, and its consistency ranks 92th percentile. 100th is best-in-class, 50th is average. See the category-ranking section above.

Is Kotak Balanced Advantage Fund tax-efficient / what about capital gains?

As a hybrid fund, gains follow the rules for its asset class - equity-oriented funds are taxed differently from debt. All returns on this page are pre-tax; your actual post-tax return depends on your holding period and slab. This is descriptive information, not tax advice.

Direct or Regular plan - which is shown here?

All figures on this page are for the Direct-Growth plan (no distributor commission, lower cost). Returns are pre-tax; capital-gains tax depends on your own holding period and slab.

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Data: AMFI NAV history, NSE indices, BSE StAR and monthly disclosures. All figures are pre-tax. Descriptive research and education only - nothing here is investment advice or a recommendation to buy, sell or hold any fund. Past performance does not guarantee future returns.

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