₹10K SIP to ₹21L+ in 10 yrs with 5 balanced advantage funds

Summary: Balanced advantage funds offer dynamic allocation between equity and debt. But are they the best choice for long-term wealth creation? See our data-backed rankings of the top five BAFs by returns and find out what Value Research feels about these funds. Balanced advantage funds (BAFs) are mutual funds that dynamically switch between equity and debt based on market conditions. Think of them as automatic gearboxes for your portfolio. They aim to maximise returns in rising markets by increasing equity exposure and protect capital during downturns by allocating more to debt. This built-in rebalancing takes the guesswork out of investing. You don’t need to time the market or juggle between separate equity and debt funds. Over the long term, some balanced advantage funds have delivered decent returns through their dynamic asset allocation. We crunched the numbers and found five balanced advantage funds that delivered decent 10-year SIP returns, with the best clocking in at over 13 per cent annualised returns. Let’s count them down. #5 DSP Dynamic Asset Allocation Fund (Direct plan) 10-year SIP return: 11.13 per cent Rs 10,000/month SIP started 10 years back. Current value: Rs 21.37 lakh Assets under management (AUM): Rs 3,454 crore Expense ratio: 0.68 per cent Top 5 stock holdings Stock % of assets HDFC Bank 5.69 Adani Enterprises 3.31 SBI 2.92 Tata Power 2.50 Bandhan Bank 2.14 #4 Invesco India Balanced Advantage Fund (Direct plan) 10-year SIP return: 12.02 per cent Rs 10,000/month SIP started 10 years back. Current value: Rs 22.37 lakh Assets under management (AUM): Rs 1,024 crore Expense ratio: 0.76 per cent Top 5 stock holdings Stock % of assets HDFC Bank 6.56 Larsen & Toubro 6.19 ICICI Bank 5.18 Reliance Industries 4.95 Infosys 4.43 #3 Aditya Birla Sun Life Balanced Advantage Fund (Direct plan) 10-year SIP return: 12.79 per cent Rs 10,000/month SIP started 10 years back. Current value: Rs 23.28 lakh Assets under management (AUM): Rs 8,034 crore Expense ratio: 0.68 per cent Top 5 stock holdings Stock % of assets ICICI Bank 3.78 HDFC Bank 3.77 Reliance Industries 3.42 Kotak Bank 2.93 Infosys 2.51 #2 ICICI Prudential Balanced Advantage Fund (Direct plan)