MonitorDirect · GrowthWatch before adding
PGIM India Balanced Advantage Fund
PGIM India Mutual FundHybrid Scheme - Dynamic Asset Allocation or Balanced Advantage5.7 years
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.
- NAV
- 16.46
- 4 Nov 2026
- 1Y
- -2.4%
- Trailing CAGR
- AUM
- ₹680.57 Cr
- 30 Sept 2026
- Volatility
- Medium
- 8.7% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 4 Nov 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
Prefer peers if · Prefer Franklin India Balanced Advantage Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
5.7 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.88% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -11.6%. Ask whether you can hold through a similar fall.
Vs category
Fail
4% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Utsav Mehta · 2.6 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 34.3% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 12%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-2.4%
- 3Y+8.1%
- 5Y+7.3%
- 10Yn/a
- SI+8.8%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-0.1%
- 3Y+3.4%
- 5Y+6.6%
- 10Yn/a
- Since inception
- +8.8%
- Calendar-day CAGR
- Excess 1Y
- -2.8%
- Category median, same plan and option
- 3Y win rate
- +4%
- Windows beating the median
- 3Y percentile
- 24
- Vs comparable share classes
- SIP 3Y XIRR
- +3.4%
- Simulated monthly SIP
- Worst rolling 3Y
- +6.0%
- 675 daily-ending windows
- Median rolling 3Y
- +11.5%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 183 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -11.6%
- Worst peak-to-trough
- Current
- -3.7%
- Below last peak
- Current spell
- 342 days
- Days below latest peak
- Time below peak
- +84%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 11 days
- 70 recovered episodes
- Longest recovery
- 98 days
- Trough to prior peak
5 Apr 2022 – 16 Aug 2022
Trough 20 Jun 2022 · recovered in 57 days
-11.6%
23 Sept 2024 – 6 Jun 2025
Trough 28 Feb 2025 · recovered in 98 days
-10.7%
27 Nov 2025 – open
Trough 30 Mar 2026 · not recovered
-10.6%
17 Jan 2022 – 30 Mar 2022
Trough 7 Mar 2022 · recovered in 23 days
-5.5%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
24
Vs category
33
Consistency
19
Risk-adjusted
43
Drawdown
71
Mean
38
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
- Three-year return sits below the 25th percentile of comparable share classes.
Supporting reads
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 92 holdings · top 10 are 34.3%.
- Top 5
- 23.4%
- Top 10
- 34.3%
- Largest holding
- 5.9%
- Effective holdings
- 49.3
ICICI Bank Ltd
Financial
5.9%
HDFC Bank Ltd
Financial
5.4%
Others CBLO
Unspecified
4.8%
Reliance Industries Ltd
Energy & Utilities
4.1%
Bharti Airtel Ltd
Technology
3.2%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
3 Nov 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
2 Nov 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
30 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
29 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
28 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
27 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
26 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
21 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
19 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
16 Oct 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Franklin India Balanced Advantage Fund
Franklin Templeton Mutual Fund
- 1Y
- -2.3%
- 3Y
- +9.4%
- Vol
- 7.0%
- Max DD
- -8.1%
- Sharpe
- 0.64
- 3Y win
- +96%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
SBI Balanced Advantage Fund
SBI Mutual Fund
- 1Y
- -0.8%
- 3Y
- +9.9%
- Vol
- 6.4%
- Max DD
- -7.4%
- Sharpe
- 0.61
- 3Y win
- +98%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
UNIFI DYNAMIC ASSET ALLOCATION FUND
Unifi Mutual Fund
- 1Y
- +8.6%
- 3Y
- n/a
- Vol
- 0.8%
- Max DD
- -0.2%
- Sharpe
- 2.89
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
Parag Parikh Dynamic Asset Allocation Fund
PPFAS Mutual Fund
- 1Y
- +1.7%
- 3Y
- n/a
- Vol
- 2.8%
- Max DD
- -2.7%
- Sharpe
- 0.12
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
BANDHAN Balanced Advantage Fund
Bandhan Mutual Fund
- 1Y
- +2.6%
- 3Y
- +9.9%
- Vol
- 8.6%
- Max DD
- -25.9%
- Sharpe
- 0.42
- 3Y win
- +19%
- Lower volatility
- Higher win rate vs category
- Higher trailing returns
Caveat: Deeper drawdown · Higher TER