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PGIM India Balanced Advantage Fund

Dynamic Asset AllocationVery HighOPEN-ENDED
Invest Now
NAV as on 6 Nov 2026
₹15.32+1.12%1 day
Return since launch
7.4%
52-week range
₹13.98 — ₹15.73
AUM
₹681 Cr

PGIM India Balanced Advantage Fund is a Dynamic Asset Allocation hybrid fund from PGIM India Mutual Fund with ₹681 Cr under management, launched in 2021. Over three years it has returned 3.5% a year, against 9.2% for its category. The expense ratio is 2.51% and the SEBI riskometer reading is Very High.

Performance

Returns

How the fund has done against its category and its benchmark.

Trailing returns
PeriodFundvs categoryCategoryBenchmark
1Y4.0%+2.2 pts1.9%5.8%
2Y2.6%−2.0 pts4.6%4.8%
3Y3.5%−5.7 pts9.2%5.2%
5Y5.8%−2.2 pts8.1%7.9%

Fund against category

1Y
Fund4.0%
Category1.9%
3Y
Fund3.5%
Category9.2%
5Y
Fund5.8%
Category8.1%

Since launch (15 Jan 2021): 7.4%

Calendar-year returns

Category average
Show as a table
Calendar-year returns
PeriodFundvs categoryCategory
20256.1%−0.5 pts6.7%
202410.1%−4.1 pts14.2%
202315.5%−4.5 pts20.0%
20221.1%−4.0 pts5.1%

Returns over one year are annualised. Shorter periods are absolute.

Costs & terms

Costs and terms

What the fund charges each year, and the rules around putting money in and taking it out.

Costs

2.48%

Expense ratio as on 6 Nov 2026

Charged yearly and already deducted from the NAV.

Base expense
2.04%
Brokerage
0.03%
Transaction charges
0.00%
Statutory levies
0.41%
Exit load
Exit load of 0.5%, if redeemed within 90 days.
Lock-in
None

Terms

Min SIP
₹3,000
Min lumpsum
₹5,000
Plan
GROWTH
Fund type
OPEN-ENDED
Benchmark
CRISIL Hybrid 50+50 Moderate Index

Risk

Risk

What the riskometer means for this fund, and how its ratios sit against the category.

Very High

Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.

Risk ratios
RatioFundCategory avgRead as
Alpha——Return earned above what the benchmark alone would have given. Higher is better.
Beta1.071.25How hard the fund moves when the market moves. Under 1 is steadier than the market.
Sharpe0.020.48Return earned for each unit of total risk taken. Higher is better.
Sortino0.030.63Return earned for each unit of downside risk. Higher is better.
Std. deviation10.3110.86How widely monthly returns have varied around their own average. Lower is steadier.
Average of 5 category peers

Portfolio

PGIM India Balanced Advantage Fund portfolio

Portfolio as of 30 Sep 2026

Asset allocation

  • Equity76.9%
  • Debt23.1%

Market cap split

  • Large73.6%
  • Mid24.9%
  • Small1.5%
P/E
22.69
P/B
3.32

Top holdings

HoldingSectorWeightValue3M chg6M chg1Y chg
HDFC Bank Ltd.Financial6.28%₹42.75 Cr+11.98%+11.04%+14.18%
ICICI Bank Ltd.Financial5.91%₹40.20 Cr+5.57%+4.27%+6.55%
OthersOthers4.77%₹32.30 Cr+4.90%+3.02%+2.24%
Reliance Industries Ltd.Energy4.07%₹27.67 Cr+4.49%+5.22%+5.70%
Muthoot Finance Ltd.Financial3.78%₹25.75 Cr+5.55%+5.25%+3.75%
Bharti Airtel Ltd.Communication3.21%₹21.88 Cr+3.13%+2.40%+2.21%
State Bank of IndiaFinancial2.40%₹16.37 Cr+2.42%+2.16%—
Infosys Ltd.Technology1.88%₹12.80 Cr+1.32%+1.62%+2.40%
Larsen & Toubro Ltd.Construction1.85%₹12.60 Cr+1.96%+1.62%+1.48%
Bajaj Finance Ltd.Financial1.84%₹12.49 Cr+1.84%+1.57%+1.84%

Sectors

  • Financial31.6%
  • Energy8.4%
  • Automobile6.7%
  • Sovereign6.6%
  • Services5.6%
  • Technology5.6%
  • Healthcare5.5%
  • Others4.8%

Instruments

  • GOI Securities6.6%
  • CBLO4.8%
  • Commercial Paper4.3%
  • Debenture4.3%
  • Certificate of Deposit1.2%
  • Bonds1.0%
  • Bonds/Debentures1.0%

Recent changes

HoldingFromToWeight
company:55001.32%0.00%-1.32%
company:15290.68%0.00%-0.68%
Others4.16%4.82%+0.66%
company:148990.54%0.00%-0.54%
HDFC Bank Ltd.4.99%5.41%+0.42%
Varun Beverages Ltd.1.12%1.31%+0.19%
Muthoot Finance Ltd.1.95%2.13%+0.18%
Bharti Airtel Ltd.3.05%3.21%+0.16%
Fedbank Financial Services Ltd.1.31%1.43%+0.12%
Abbott India Ltd.0.79%0.90%+0.11%
JSW Infrastructure Ltd.0.81%0.92%+0.11%
Infosys Ltd.1.98%1.88%-0.10%
NTPC Ltd.1.39%1.49%+0.10%
Torrent Power Ltd.0.96%1.06%+0.10%
Eternal Ltd.1.53%1.62%+0.09%
Tata Consultancy Services Ltd.1.29%1.20%-0.09%
ICICI Bank Ltd.5.99%5.91%-0.08%
Kotak Mahindra Bank Ltd.0.97%1.05%+0.08%
Solar Industries India Ltd.1.20%1.28%+0.08%
ICICI Lombard General Insurance Company Ltd.0.69%0.76%+0.07%
JK Cement Ltd.0.94%1.01%+0.07%
NHPC Ltd.0.90%0.97%+0.07%
Suzlon Energy Ltd.0.70%0.63%-0.07%
Divi's Laboratories Ltd.1.06%1.13%+0.07%
Infina Finance Pvt. Ltd.0.67%0.73%+0.06%
State Bank of India2.45%2.40%-0.05%
SRF Ltd.1.18%1.23%+0.05%
Jamnagar Utilities and Power Pvt. Ltd.0.68%0.73%+0.05%
HDFC Life Insurance Co Ltd.0.89%0.93%+0.04%
JSW Steel Ltd.0.97%1.01%+0.04%
Reliance Industries Ltd.4.03%4.07%+0.04%
TVS Motor Company Ltd.1.38%1.42%+0.04%
Titan Company Ltd.1.51%1.47%-0.04%
Tube Investments Of India Ltd.0.55%0.51%-0.04%
Blue Star Ltd.0.34%0.38%+0.04%
ITC Ltd.0.34%0.38%+0.04%
Small Industries Devp. Bank of India Ltd.0.54%0.58%+0.04%
Axis Bank Ltd.1.29%1.32%+0.03%
Jindal Steel Ltd.0.76%0.79%+0.03%
Mahindra & Mahindra Ltd.1.30%1.27%-0.03%
Max Healthcare Institute Ltd.0.86%0.83%-0.03%
Multi Commodity Exchange Of India Ltd.0.58%0.61%+0.03%
Nestle India Ltd.0.61%0.58%-0.03%
Power Finance Corporation Ltd.0.75%0.78%+0.03%
The Federal Bank Ltd.0.87%0.84%-0.03%
Ultratech Cement Ltd.0.73%0.76%+0.03%
LTM Limited0.96%0.93%-0.03%
Ashok Leyland Ltd.0.38%0.36%-0.02%
Bajaj Finance Ltd.1.86%1.84%-0.02%
Eicher Motors Ltd.0.91%0.89%-0.02%
GOI0.25%0.27%+0.02%
Marico Ltd.0.49%0.51%+0.02%
Maruti Suzuki India Ltd.0.59%0.57%-0.02%
Persistent Systems Ltd.0.79%0.81%+0.02%
Shriram Finance Ltd0.46%0.44%-0.02%
Torrent Pharmaceuticals Ltd.0.57%0.59%+0.02%
Aditya Birla Finance Ltd.0.27%0.29%+0.02%
Asian Paints Ltd.0.42%0.41%-0.01%
Bharat Electronics Ltd.0.97%0.98%+0.01%
Bharat Petroleum Corporation Ltd.0.84%0.85%+0.01%
CG Power and Industrial Solutions Ltd.1.08%1.09%+0.01%
Cummins India Ltd.0.67%0.68%+0.01%
Info Edge (India) Ltd.0.59%0.60%+0.01%
Larsen & Toubro Ltd.1.84%1.85%+0.01%
Lupin Ltd.0.48%0.49%+0.01%
Prestige Estates Projects Ltd.0.99%0.98%-0.01%
SJS Enterprises Ltd.0.77%0.76%-0.01%
Tech Mahindra Ltd.0.77%0.78%+0.01%
United Spirits Ltd.0.71%0.70%-0.01%
Vishal Mega Mart Ltd.0.96%0.95%-0.01%
company:201330.01%0.00%-0.01%
Sun Pharmaceutical Industries Ltd.0.94%0.93%-0.01%
AU Small Finance Bank Ltd.0.70%0.70%0.00%
Aster DM Quality Care Ltd.0.62%0.62%0.00%
FSN E-Commerce Ventures Ltd.0.91%0.91%0.00%
GE Vernova T&D India Ltd0.34%0.34%0.00%
Hindalco Industries Ltd.0.80%0.80%0.00%
Mrs. Bectors Food Specialities Ltd.0.37%0.37%0.00%
Nippon Life India Asset Management Ltd.0.56%0.56%0.00%
UNO Minda Ltd.0.96%0.96%0.00%

Compare

Similar funds

The rest of the category, so this fund’s numbers have something to sit against.

FundAUMExpense1Y3Y5Y
Category average₹18,275 Cr2.11%7.0%6.8%10.2%
ICICI Prudential Balanced Advantage Fund₹71,913 Cr1.52%8.7%8.5%10.4%
Aditya Birla Sun Life Balanced Advantage Fund₹9,836 Cr1.96%10.4%8.9%10.4%
Baroda BNP Paribas Balanced Advantage Fund₹5,162 Cr2.04%7.3%7.5%10.3%
Axis Balanced Advantage Fund₹3,651 Cr2.18%7.2%6.7%9.6%
Quant Dynamic Asset Allocation Fund₹810 Cr2.84%1.2%2.2%—
See all Dynamic Asset Allocation funds

About

About this fund

The scheme’s own words, its benchmark and the people running it.

Investment objective

The scheme seeks to provide capital appreciation and income distribution to the investors by dynamically managing the asset allocation between equity and fixed income using equity derivatives strategies, arbitrage opportunities and pure equity investments. The scheme seeks to reduce the volatility by diversifying the assets across equity and fixed income.

Fund managers

  • Anandha Padmanabhan AnjeneyanMr. Anjeneyan is a B. Com, ACA, CFA, FRMPrior to joining PGIM India Asset Management Pvt Ltd, he has worked with Renaissance Investment Managers Private Limited, Canara Robeco Asset Management Company Limited.
  • Puneet PalMr. Pal is a B.Com (H) and MBA from SIBM Pune.Prior to joining PGIM India Mutual Fund, he has worked with BNP Paribas AMC as Head Fixed Income, UTI AMC as Sr. Vice President & Fund Manager & TATA AMC as Fund Manager.
  • Utsav MehtaMr. Mehta has done B.Com and CFAPrior to joining PGIM Mutual Fund, he has worked with Edelweiss Asset Management Ltd and Ambit Capital
  • Vinay PahariaMr. Paharia holds a B.Com degree from Narsee Monjee College and an M.M.S. degree from Welingkar Institute of Management, Mumbai.Prior to joining PGIM India Mutual Fund, he was associated with Union Mutual Fund, Invesco Asset Management Company, L&T Mutual Fund, K R Choksey Shares and Securities Pvt Ltd (Jan 2004-Jan 2006), First Global Stock broking Pvt. Ltd (Jun 2002-Jan 2004).
Scheme information document

Tools

Return calculator

What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.

₹
Over the pastTotal investmentWould’ve becomeGrowthReturns
6 months1.79% absolute₹60,000₹61,0741.79%
1 year−1.03% annualised₹1,20,000₹1,19,333−0.56%
3 years6.99% annualised₹3,60,000₹4,01,56711.55%
5 years6.00% annualised₹6,00,000₹7,01,18916.86%

Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.

How this is calculated

Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.

The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.

Questions

Frequently asked questions

The things people ask about this scheme.

What is the NAV of PGIM India Balanced Advantage Fund?
The NAV of PGIM India Balanced Advantage Fund is ₹15.32 as on 6 Nov 2026.
What is the expense ratio of PGIM India Balanced Advantage Fund?
The expense ratio of PGIM India Balanced Advantage Fund is 2.51% per year.
What is the minimum SIP amount for PGIM India Balanced Advantage Fund?
You can start a SIP in PGIM India Balanced Advantage Fund with ₹3,000 a month.
What returns has PGIM India Balanced Advantage Fund given?
PGIM India Balanced Advantage Fund has returned 4.0% over 1 year, 3.5% over 3 years and 5.8% over 5 years (annualised).
Is there a lock-in or exit load on PGIM India Balanced Advantage Fund?
Lock-in: None. Exit load: Exit load of 0.5%, if redeemed within 90 days..
How risky is PGIM India Balanced Advantage Fund?
PGIM India Balanced Advantage Fund is rated Very High on the SEBI riskometer and belongs to the Dynamic Asset Allocation category.
Which fund house manages PGIM India Balanced Advantage Fund?
PGIM India Balanced Advantage Fund is managed by PGIM India Mutual Fund, which runs 25 schemes with ₹27,859 Cr under management.