Present with live data, not screenshots.

100+ research, planning & reporting tools built for Indian Mutual Fund Distributors.

Explore the Platform

Top Dynamic Asset Allocation Mutual Funds

Dynamic Asset Allocation·10 Dynamic Asset Allocation schemes ranked by recent momentum — 3M / 6M / 9M / 1Y. Top-ranked: Motilal Oswal Balanced Advantage Fund (MOFDYNAMIC) - Regular Plan - Growth Option.

Recent Momentum10 SchemesUpdated 9 Oct 2026

Top Ranked

Motilal Oswal Balanced Advantage Fund (MOFDYNAMIC) - Regular Plan - Growth Option

#1

Best 3M Return

Motilal Oswal Balanced Advantage Fund (MOFDYNAMIC) - Regular Plan - Growth Option

4.45%

Best 1Y Return

Aditya Birla Sun Life Balanced Advantage Fund - Regular Plan - Growth Option

3.17%

Best 6M Return

Motilal Oswal Balanced Advantage Fund (MOFDYNAMIC) - Regular Plan - Growth Option

10.69%

Dynamic Asset Allocation — At a Glance

CategoryDynamic Asset Allocation
View TypeRecent Momentum
Funds Ranked10
MethodologyFunds are ranked using a composite of 3-month (40%), 6-month (30%), 9-month (20%) and 1-year (10%) percentile performance within their category. Rankings are a research aid and not investment advice.
Data SourceNAV history sourced from AMFI data feeds
Last Updated9 Oct 2026
NotInvestment advice, buy/sell recommendation, guaranteed returns

What Are Dynamic Asset Allocation Mutual Funds?

The Dynamic Asset Allocation funds below are ranked by recent performance — weighting the last 3, 6, 9 and 12 months to surface funds that are currently near the top of their peer set. This is useful for short-to-medium horizon investors and for advisors reviewing recent momentum.

Regulatory framework for Indian mutual funds is governed by SEBI, with industry data published by AMFI.

Which Dynamic Asset Allocation Funds Are Performing Best Right Now?

10 funds
RankFundFund House3M6M9M1Y
1Motilal Oswal Balanced Advantage Fund (MOFDYNAMIC) - Regular Plan - Growth OptionMotilal Oswal Mutual Fund4.45%10.69%0.16%-3.89%
2Aditya Birla Sun Life Balanced Advantage Fund - Regular Plan - Growth OptionAditya Birla Sun Life Mutual Fund-1.45%3.30%0.09%3.17%
3UTI - Unit Linked Insurance PlanUTI Mutual Fund-0.88%4.33%-0.08%-0.39%
4BANDHAN Balanced Advantage Fund Regular Plan GrowthBandhan Mutual Fund-1.59%3.08%-0.90%1.64%
5Edelweiss Balanced Advantage Fund - Regular Plan - Growth OptionEdelweiss Mutual Fund-1.69%1.41%-2.49%0.65%
6Baroda BNP Paribas Balanced Advantage Fund-Regular Plan -Growth OptionBaroda BNP Paribas Mutual Fund-3.33%3.10%-2.25%0.92%
7ITI Balanced Advantage Fund - Regular Plan - Growth OptionITI Mutual Fund-1.83%1.52%-5.15%-3.23%
8DSP Dynamic Asset Allocation Fund - Regular Plan - GrowthDSP Mutual Fund-3.00%0.73%-1.88%0.78%
9Union Balanced Advantage Fund - Regular Plan - Growth OptionUnion Mutual Fund-2.28%1.51%-3.22%-1.69%
10ICICI Prudential Balanced Advantage Fund - GrowthICICI Prudential Mutual Fund-2.93%0.65%-2.53%0.58%

Data reflects trailing returns as of 9 Oct 2026. Past performance does not guarantee future results.

Explore Other Views of Dynamic Asset Allocation

This page shows the recent momentum view. The same Dynamic Asset Allocation funds can also be seen through a different lens — pick whichever answers your question.

Best Funds

Dynamic Asset Allocation — Best Funds

Long-term composite ranking — weighted toward 3-year and 5-year performance.

Return Comparison

Dynamic Asset Allocation — Return Comparison

Raw trailing returns across all six periods, side-by-side, no composite ranking.

Scheme-by-Scheme Breakdown

10 funds analysed

Below is a fund-by-fund analysis of the Dynamic Asset Allocation schemes listed on this page. Each entry covers the fund's position, its trailing returns, and a short characterisation of its return profile within the category.

Top Performer
#1

Motilal Oswal Balanced Advantage Fund (MOFDYNAMIC) - Regular Plan - Growth Option

Motilal Oswal Mutual Fund

3M:4.45%6M:10.69%9M:0.16%1Y:-3.89%

Motilal Oswal Balanced Advantage Fund (MOFDYNAMIC) - Regular Plan - Growth Option from Motilal Oswal Mutual Fund holds the #1 position on this Dynamic Asset Allocation recent-momentum screen, out of 10 funds evaluated.

As of the latest snapshot, the fund has delivered a 3-month return of 4.45%, a 6-month return of 10.69%, a 9-month return of 0.16%, a 1-year return of -3.89%.

The fund's recent 1-year return is well below its 5-year average — a pattern that sometimes precedes mean reversion and sometimes signals a genuine shift in strategy. The distinguishing factor is usually whether the fund's portfolio composition has changed materially.

The scheme is managed by Motilal Oswal Mutual Fund, one of the asset management companies offering Dynamic Asset Allocation funds in India.

#2

Aditya Birla Sun Life Balanced Advantage Fund - Regular Plan - Growth Option

Aditya Birla Sun Life Mutual Fund

3M:-1.45%6M:3.30%9M:0.09%1Y:3.17%

Aditya Birla Sun Life Balanced Advantage Fund - Regular Plan - Growth Option from Aditya Birla Sun Life Mutual Fund sits in the top 3 on this Dynamic Asset Allocation recent-momentum screen, at #2 of 10.

As of the latest snapshot, the fund has delivered a 3-month return of -1.45%, a 6-month return of 3.30%, a 9-month return of 0.09%, a 1-year return of 3.17%.

The fund's recent 1-year return is well below its 5-year average — a pattern that sometimes precedes mean reversion and sometimes signals a genuine shift in strategy. The distinguishing factor is usually whether the fund's portfolio composition has changed materially.

The scheme is managed by Aditya Birla Sun Life Mutual Fund, one of the asset management companies offering Dynamic Asset Allocation funds in India.

#3

UTI - Unit Linked Insurance Plan

UTI Mutual Fund

3M:-0.88%6M:4.33%9M:-0.08%1Y:-0.39%

UTI - Unit Linked Insurance Plan from UTI Mutual Fund sits in the top 3 on this Dynamic Asset Allocation recent-momentum screen, at #3 of 10.

As of the latest snapshot, the fund has delivered a 3-month return of -0.88%, a 6-month return of 4.33%, a 9-month return of -0.08%, a 1-year return of -0.39%.

The fund's recent 1-year return is well below its 5-year average — a pattern that sometimes precedes mean reversion and sometimes signals a genuine shift in strategy. The distinguishing factor is usually whether the fund's portfolio composition has changed materially.

The scheme is managed by UTI Mutual Fund, one of the asset management companies offering Dynamic Asset Allocation funds in India.

#4

BANDHAN Balanced Advantage Fund Regular Plan Growth

Bandhan Mutual Fund

3M:-1.59%6M:3.08%9M:-0.90%1Y:1.64%

BANDHAN Balanced Advantage Fund Regular Plan Growth from Bandhan Mutual Fund appears at #4 of 10 on this Dynamic Asset Allocation recent-momentum screen — a position in the upper half of the funds tracked on this page.

As of the latest snapshot, the fund has delivered a 3-month return of -1.59%, a 6-month return of 3.08%, a 9-month return of -0.90%, a 1-year return of 1.64%.

Recent performance is broadly in line with the fund's longer-term average, indicating a stable return profile rather than an episodic spike. That kind of consistency is often rewarded on momentum screens when it persists.

The scheme is managed by Bandhan Mutual Fund, one of the asset management companies offering Dynamic Asset Allocation funds in India.

#5

Edelweiss Balanced Advantage Fund - Regular Plan - Growth Option

Edelweiss Mutual Fund

3M:-1.69%6M:1.41%9M:-2.49%1Y:0.65%

Edelweiss Balanced Advantage Fund - Regular Plan - Growth Option from Edelweiss Mutual Fund appears at #5 of 10 on this Dynamic Asset Allocation recent-momentum screen — a position in the upper half of the funds tracked on this page.

As of the latest snapshot, the fund has delivered a 3-month return of -1.69%, a 6-month return of 1.41%, a 9-month return of -2.49%, a 1-year return of 0.65%.

The fund's recent 1-year return is well below its 5-year average — a pattern that sometimes precedes mean reversion and sometimes signals a genuine shift in strategy. The distinguishing factor is usually whether the fund's portfolio composition has changed materially.

The scheme is managed by Edelweiss Mutual Fund, one of the asset management companies offering Dynamic Asset Allocation funds in India.

#6

Baroda BNP Paribas Balanced Advantage Fund-Regular Plan -Growth Option

Baroda BNP Paribas Mutual Fund

3M:-3.33%6M:3.10%9M:-2.25%1Y:0.92%

Baroda BNP Paribas Balanced Advantage Fund-Regular Plan -Growth Option from Baroda BNP Paribas Mutual Fund is included on this Dynamic Asset Allocation screen at #6 of 10. Its presence here reflects that its returns are part of the current set the ranking is drawn from.

As of the latest snapshot, the fund has delivered a 3-month return of -3.33%, a 6-month return of 3.10%, a 9-month return of -2.25%, a 1-year return of 0.92%.

The fund's recent 1-year return is well below its 5-year average — a pattern that sometimes precedes mean reversion and sometimes signals a genuine shift in strategy. The distinguishing factor is usually whether the fund's portfolio composition has changed materially.

The scheme is managed by Baroda BNP Paribas Mutual Fund, one of the asset management companies offering Dynamic Asset Allocation funds in India.

#7

ITI Balanced Advantage Fund - Regular Plan - Growth Option

ITI Mutual Fund

3M:-1.83%6M:1.52%9M:-5.15%1Y:-3.23%

ITI Balanced Advantage Fund - Regular Plan - Growth Option from ITI Mutual Fund is included on this Dynamic Asset Allocation screen at #7 of 10. Its presence here reflects that its returns are part of the current set the ranking is drawn from.

As of the latest snapshot, the fund has delivered a 3-month return of -1.83%, a 6-month return of 1.52%, a 9-month return of -5.15%, a 1-year return of -3.23%.

The fund's recent 1-year return is well below its 5-year average — a pattern that sometimes precedes mean reversion and sometimes signals a genuine shift in strategy. The distinguishing factor is usually whether the fund's portfolio composition has changed materially.

The scheme is managed by ITI Mutual Fund, one of the asset management companies offering Dynamic Asset Allocation funds in India.

#8

DSP Dynamic Asset Allocation Fund - Regular Plan - Growth

DSP Mutual Fund

3M:-3.00%6M:0.73%9M:-1.88%1Y:0.78%

DSP Dynamic Asset Allocation Fund - Regular Plan - Growth from DSP Mutual Fund is included on this Dynamic Asset Allocation screen at #8 of 10. Its presence here reflects that its returns are part of the current set the ranking is drawn from.

As of the latest snapshot, the fund has delivered a 3-month return of -3.00%, a 6-month return of 0.73%, a 9-month return of -1.88%, a 1-year return of 0.78%.

The fund's recent 1-year return is well below its 5-year average — a pattern that sometimes precedes mean reversion and sometimes signals a genuine shift in strategy. The distinguishing factor is usually whether the fund's portfolio composition has changed materially.

The scheme is managed by DSP Mutual Fund, one of the asset management companies offering Dynamic Asset Allocation funds in India.

#9

Union Balanced Advantage Fund - Regular Plan - Growth Option

Union Mutual Fund

3M:-2.28%6M:1.51%9M:-3.22%1Y:-1.69%

Union Balanced Advantage Fund - Regular Plan - Growth Option from Union Mutual Fund is included on this Dynamic Asset Allocation screen at #9 of 10. Its presence here reflects that its returns are part of the current set the ranking is drawn from.

As of the latest snapshot, the fund has delivered a 3-month return of -2.28%, a 6-month return of 1.51%, a 9-month return of -3.22%, a 1-year return of -1.69%.

The fund's recent 1-year return is well below its 5-year average — a pattern that sometimes precedes mean reversion and sometimes signals a genuine shift in strategy. The distinguishing factor is usually whether the fund's portfolio composition has changed materially.

The scheme is managed by Union Mutual Fund, one of the asset management companies offering Dynamic Asset Allocation funds in India.

#10

ICICI Prudential Balanced Advantage Fund - Growth

ICICI Prudential Mutual Fund

3M:-2.93%6M:0.65%9M:-2.53%1Y:0.58%

ICICI Prudential Balanced Advantage Fund - Growth from ICICI Prudential Mutual Fund is included on this Dynamic Asset Allocation screen at #10 of 10. Its presence here reflects that its returns are part of the current set the ranking is drawn from.

As of the latest snapshot, the fund has delivered a 3-month return of -2.93%, a 6-month return of 0.65%, a 9-month return of -2.53%, a 1-year return of 0.58%.

The fund's recent 1-year return is well below its 5-year average — a pattern that sometimes precedes mean reversion and sometimes signals a genuine shift in strategy. The distinguishing factor is usually whether the fund's portfolio composition has changed materially.

The scheme is managed by ICICI Prudential Mutual Fund, one of the asset management companies offering Dynamic Asset Allocation funds in India.

How Are These Dynamic Asset Allocation Funds Ranked?

Funds are ranked using a composite of 3-month (40%), 6-month (30%), 9-month (20%) and 1-year (10%) percentile performance within their category. Rankings are a research aid and not investment advice.

Who Should Consider This Category?

  • →Investors whose risk profile and time horizon align with the Dynamic Asset Allocation mandate.
  • →Investors looking for professionally managed exposure rather than picking individual securities.
  • →Investors comfortable with the volatility typical of this category and able to stay invested through cycles.
  • →Advisors and researchers using this page as a starting point before deeper due diligence.

Factors to Consider Before Investing

Four signals worth checking before you commit.

Track Record

Look at consistency across 1-year, 3-year and 5-year windows. A single strong year rarely tells the whole story — the longer the history, the more reliable the signal.

Expense Ratio

Small differences in expense ratio compound meaningfully over long horizons. Compare funds within the same plan type (Direct vs Regular) before judging.

Fund Manager Tenure

A change in fund manager can change investment style. Confirm the current manager has been in place for a meaningful portion of the track record you're relying on.

Portfolio Overlap

If you already hold funds in adjacent categories, check for overlap. Holding three funds that own the same 40 stocks doesn't diversify anything.

Why Multi-Period Ranking Matters

A single strong year is not a track record. Markets rotate. A fund that dominates one calendar year can lag the next. Ranking on a single window rewards funds that happen to be positioned well for a specific stretch — not funds that compound reliably.

Percentile within category, not raw percentage. Comparing an 18% return in Large Cap to an 18% return in Small Cap makes no sense — different risk, different universe. On this page, every fund is scored against its direct peers, in the same category, on the same period. Only then are the numbers combined.

Longer horizons carry more weight. For the long-term ranking (Best), 5-year performance is weighted at 45%, 3-year at 35%, 1-year at 20%. This structure is designed to favour funds that have delivered over full market cycles rather than over the last twelve months.

💡 Pro Tip: Use the Returns page to see the raw numbers, the Top page for recent momentum, and the Best page for a longer-horizon ranking. Different questions need different views.

Three Views — One Category

Each page type answers a different question about the same funds.

Page TypeQuestion AnsweredPeriods UsedBest For
BestStrongest sustained performance1Y (20%), 3Y (35%), 5Y (45%)Long-term investors
TopRecent momentum within category3M (40%), 6M (30%), 9M (20%), 1Y (10%)Short-to-medium horizon
ReturnsWhat returns were actually deliveredAll six periods, no rankingSide-by-side comparison

Data Sources

  • →NAV history sourced from AMFI data feeds.
  • →Trailing returns computed from adjusted NAV, accounting for dividends and splits.
  • →Rankings recalculated nightly. Page regenerated automatically.
  • →Every fund on this page is only ever compared to funds in the same SEBI category.

What Makes This Different

  • Multi-period composite — not a single-window ranking.
  • Percentile-based scoring so categories are compared fairly.
  • Explicit methodology — weights published, no black box.
  • Daily refresh — the page is regenerated from scratch each night.
⚡ Rankings are a research aid — always do your own due diligence.

Frequently Asked Questions

How are these Dynamic Asset Allocation funds ranked?

Funds are ranked using a composite of 3-month (40%), 6-month (30%), 9-month (20%) and 1-year (10%) percentile performance within their category. Rankings are a research aid and not investment advice.

How often is this page updated?

Underlying fund data is refreshed nightly. The page is regenerated automatically after each refresh, and the "Last updated" date at the top of this page reflects the most recent generation. You are always seeing the latest snapshot.

Is this investment advice?

No. Rankings on this page are a research aid only. They do not constitute investment advice or a recommendation to buy or sell any scheme. Read the Scheme Information Document and consult a SEBI-registered adviser before investing.

Why isn't every Dynamic Asset Allocation fund listed here?

This page shows the top 10 funds in the category based on the ranking methodology above. The full universe of Dynamic Asset Allocation schemes is larger — this snapshot is designed to surface the strongest candidates for further research, not to be an exhaustive directory.

What's the difference between Best, Top, and Returns pages?

Best ranks by long-term composite performance (weighted toward 3Y and 5Y). Top ranks by recent momentum (weighted toward 3M, 6M and 9M). Returns shows raw numbers across all six periods with no composite ranking, so you can compare funds on whatever metric you care about.

How do I use these rankings in a client conversation?

Treat them as a starting point. Use the Returns page to show the raw numbers, the Best page to explain why a longer horizon matters, and the Top page when discussing recent momentum. Rankings are most useful when paired with a conversation about the client's time horizon, existing portfolio, and risk profile.

Disclaimer: Mutual Fund investments are subject to market risks. Read all scheme-related documents carefully before investing. Past performance is not indicative of future results. The rankings on this page are based on historical return data and are provided for research purposes only. They do not constitute investment advice or a recommendation to buy or sell any scheme.