DSP Dynamic Asset Allocation Fund vs ICICI Prudential Balanced Advantage Fund
Dynamic Asset Allocation or Balanced Advantage · Direct Plan – Growth · Compared on official AMFI NAV data · NAVs as of 10-Jul-2026
| Metric | DSP Dynamic Asset Allocation Fund | ICICI Prudential Balanced Advantage Fund |
|---|---|---|
| Latest NAV | ₹33.47 | ₹87.55 |
| 1-Year Return | +5.66% | +5.10% |
| 3-Year Return (CAGR) | +12.29% | +12.70% |
| 5-Year Return (CAGR) | N/A | N/A |
| Volatility (1Y, annualised) | 5.7% | 8.4% |
| Max Drawdown | −5.5% | −8.2% |
| Fund House | DSP Mutual Fund | ICICI Prudential Mutual Fund |
Growth of ₹10,000
If you had invested ₹10,000 in each fund
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DSP Dynamic Asset Allocation Fund vs ICICI Prudential Balanced Advantage Fund: which is better?
DSP Dynamic Asset Allocation Fund and ICICI Prudential Balanced Advantage Fund are both dynamic asset allocation or balanced advantage mutual funds (direct plan, growth option). This comparison uses each fund's official AMFI NAV history — the same daily data the fund houses publish — to compare returns, volatility and drawdowns side by side.
On 3-year returns (annualised), ICICI Prudential Balanced Advantage Fund leads with +12.70% against +12.29% — a gap of about 0.41 percentage points per year over that period.
DSP Dynamic Asset Allocation Fund has been the steadier fund over the past year, with annualised volatility of 5.7% versus 8.4%. Looking at worst falls, DSP Dynamic Asset Allocation Fund's deepest drawdown in the stored history is −5.5% against −8.2% for ICICI Prudential Balanced Advantage Fund.
Which fund suits you depends on your horizon and appetite for swings: the higher-return fund is only the better pick if you can hold through its rougher months. Use the ₹10,000 growth chart above to see how each fund actually behaved through market cycles, and consider consulting a SEBI-registered adviser before investing. This comparison is informational, not investment advice.
Key takeaways
- ICICI Prudential Balanced Advantage Fund has delivered higher 3-year returns (+12.70% vs +12.29%).
- DSP Dynamic Asset Allocation Fund has shown lower volatility over the trailing year.
- DSP Dynamic Asset Allocation Fund has had the shallower maximum drawdown (−5.5%).
Frequently Asked Questions
Which fund has given higher returns — DSP Dynamic Asset Allocation Fund or ICICI Prudential Balanced Advantage Fund?
Over the past 3 year period, ICICI Prudential Balanced Advantage Fund has delivered higher returns: +12.70% versus +12.29% annualised. Past performance does not guarantee future results.
Which fund is less risky — DSP Dynamic Asset Allocation Fund or ICICI Prudential Balanced Advantage Fund?
Based on the trailing year, DSP Dynamic Asset Allocation Fund has shown lower day-to-day volatility (DSP Dynamic Asset Allocation Fund: 5.7%, ICICI Prudential Balanced Advantage Fund: 8.4% annualised). Volatility and drawdowns describe past behaviour, not future safety — both funds carry the market risk of their category.
Can I invest in both DSP Dynamic Asset Allocation Fund and ICICI Prudential Balanced Advantage Fund?
Yes — many investors split a SIP across two funds. If both funds are from the same category, remember they will hold overlapping stocks, so diversification benefits may be smaller than they appear. Check each scheme's portfolio before doubling up within one category.
More Dynamic Asset Allocation or Balanced Advantage comparisons
Returns, volatility and drawdowns are computed from official AMFI NAV history for direct-growth plans and may differ slightly from fund-house factsheets due to date conventions. Mutual fund investments are subject to market risks. This comparison is for informational purposes only — not investment advice.