Year-ender 2024: Dynamic asset allocation funds deliver up to 20% return in 2024, Quant Dynamic Asset Allocation Fund lead

The dynamic asset allocation funds and balanced advantage funds have offered up to 20% return in 2024. Around 32 schemes in the category have marked their presence in the mentioned period.

Quant Dynamic Asset Allocation Fund, the topper in the category, delivered 20.15% return in 2024. Axis Balanced Advantage Fund and HDFC Balanced Advantage Fund offered 17.63% and 16.83% returns respectively in the current calendar year.

Dynamic asset allocation funds and balanced advantage funds: With over 15% return in 2024


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WOC Balanced Advantage Fund posted a return of 16.64% in the said period. Invesco India Balanced Advantage Fund and Franklin India Balanced Advantage Fund gave 15.94% and 15.21% returns respectively in the said period.

Kotak Balanced Advantage Fund offered 14.60% return in the mentioned period, followed by Mahindra Manulife Balanced Advantage Fund which gave 14.03% return in the same period.

Nippon India Balanced Advantage Fund and Aditya Birla Sun Life Balanced Advantage Fund gave 13.13% and 13.03% returns respectively in 2024. ICICI Pru Balanced Advantage Fund gave 12.55% return in the said period.

UTI ULIP and UTI Balanced Advantage Fund offered 11.26% and 11.11% returns respectively in the currency calendar year. Motilal Oswal Balanced Advantage Fund gave 10.63% return in the mentioned period. Union Balanced Advantage Fund gave 10.07% return in 2024.

Around four schemes gave single-digit returns in the said period. NJ Balanced Advantage Fund posted a return of around 9.56% in the said time period. Shriram Balanced Advantage Fund gave 8.13% return in 2024, followed by Bajaj Finserv Balanced Advantage Fund which gave 7.10% return in 2024. Bank of India Balanced Advantage Fund gave the lowest return of around 6.92% in the current calendar year.

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Balanced advantage and dynamic asset allocation funds have offered an average return of around 12.80% in the current calendar year.

According to the data by Association of Mutual Funds in India (AMFI), balanced advantage and dynamic asset allocation funds have received a total inflow of Rs 18,369 crore in 2024 (January to November). The total assets under management was recorded at Rs 2.85 lakh crore as on November 30, 2024.

ETMutualFunds did not compare the performance of these funds with their respective benchmarks as the data for the primary benchmark was not available for comparison.

Dynamic asset allocation and balanced advantage funds invest in equity/ debt that is managed dynamically.

We considered all dynamic asset allocation and balanced advantage funds available in the said period. We considered regular and growth options. We calculated the performance from January 1, 2024 to December 24, 2024.

Note, the above exercise is not a recommendation. The exercise was done to evaluate the performance of dynamic asset allocation and balanced advantage funds. One should not make investment or redemption decisions based on the above exercise. One should always consider risk appetite, investment horizon, and goals before making any investment decision.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)