₹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

#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

#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

#2 ICICI Prudential Balanced Advantage Fund (Direct plan)

• 10-year SIP return: 12.86 per cent
• Rs 10,000/month SIP started 10 years back. Current value: Rs 23.39 lakh
• Assets under management (AUM): Rs 65,298 crore
• Expense ratio: 0.86 per cent

Top 5 stock holdings

#1 Edelweiss Balanced Advantage Fund (Direct plan)

• 10-year SIP return: 13.35 per cent
• Rs 10,000/month SIP started 10 years back. Current value: Rs 23.97 lakh
• Assets under management (AUM): Rs 13,047 crore
• Expense ratio: 0.51 per cent

Top 5 stock holdings

What does Value Research think of balanced advantage funds?

Balanced advantage funds mix equity and debt, but their performance often relies on the fund manager’s ability to time the market well.

At Value Research, we prefer funds with fixed allocations like 75:25, 50:50 or 25:75 between equity and debt. These offer more clarity and control, making them easier to understand and track over the long term. Aggressive hybrid funds are one such option—check out our list of the top five by returns.

If you still prefer BAFs, choose ones that maintain a steady allocation range between equity and debt rather than those that frequently switch between equity and debt.

Planning to start a Rs 10,000 SIP?
Before you choose a fund, check this out: The Value Research Fund Advisor team has handpicked aggressive hybrid funds that blend equity growth with debt stability—ideal for first-time investors and those seeking balanced, long-term wealth creation.

These aren’t just high-return stories. They’re backed by decades of research, performance analysis and practical insights.

See our top-rated fund picks now.

Join Fund Advisor today