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DSP Dynamic Asset Allocation Fund - Direct Plan - Growth vs ICICI Prudential Balanced Advantage Fund - Direct Plan - Growth
DSP Dynamic Asset Allocation Fund and ICICI Prudential Balanced Advantage Fund are both in the Dynamic Asset Allocation or Balanced Advantage category, from DSP Asset Managers Private Limited and ICICI Prudential Asset Management Company Limited respectively. ICICI Prudential Balanced Advantage Fund has posted a higher 3-year rolling CAGR. DSP Dynamic Asset Allocation Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
DSP Dynamic Asset Allocation Fund has the lower direct-plan expense ratio, by 0.00 percentage points.
| DSP Dynamic Asset Allocation Fund - Direct Plan - Growth | ICICI Prudential Balanced Advantage Fund - Direct Plan - Growth | |
|---|---|---|
| Category | Dynamic Asset Allocation or Balanced Advantage | Dynamic Asset Allocation or Balanced Advantage |
| AMC | DSP Asset Managers Private Limited | ICICI Prudential Asset Management Company Limited |
| Benchmark | CRISIL Hybrid 50+50 - Moderate Index | CRISIL Hybrid 50+50 - Moderate Index |
| NAV | ₹32.35 (2026-10-28) | ₹85.23 (2026-10-28) |
| AUM | ₹3,673.484 Cr | ₹71,029.914 Cr |
| Expense Ratio (Direct) | 1.04% | 1.04% |
| Inception | 2014-01-17 | 2006-11-08 |
Returns
ICICI Prudential Balanced Advantage Fund leads on 3-year rolling CAGR (12.8% vs DSP Dynamic Asset Allocation Fund's 10.3%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
ICICI Prudential Balanced Advantage Fund has been the more volatile of the two by standard deviation.
| DSP Dynamic Asset Allocation Fund - Direct Plan - Growth | ICICI Prudential Balanced Advantage Fund - Direct Plan - Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.39 | 0.33 |
| 3Y Alpha | 0.2731% | -0.313% |
| 3Y Std Deviation | 5.7592% | 7.3035% |
| 3Y Calmar Ratio | 1.70 | 1.15 |
Portfolio Analytics
ICICI Prudential Balanced Advantage Fund carries the higher portfolio YTM.
Punji Fund Health Score
ICICI Prudential Balanced Advantage Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, DSP Dynamic Asset Allocation Fund or ICICI Prudential Balanced Advantage Fund?
ICICI Prudential Balanced Advantage Fund's 3-year rolling CAGR of 12.8% is higher than DSP Dynamic Asset Allocation Fund's 10.3%. ICICI Prudential Balanced Advantage Fund sits in the 69th percentile of its category on this metric, versus the 14th percentile for DSP Dynamic Asset Allocation Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, DSP Dynamic Asset Allocation Fund or ICICI Prudential Balanced Advantage Fund?
DSP Dynamic Asset Allocation Fund's direct-plan expense ratio is 0.00 percentage points lower than ICICI Prudential Balanced Advantage Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, DSP Dynamic Asset Allocation Fund or ICICI Prudential Balanced Advantage Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), ICICI Prudential Balanced Advantage Fund has been more volatile than DSP Dynamic Asset Allocation Fund over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (0.39 for DSP Dynamic Asset Allocation Fund vs 0.33 for ICICI Prudential Balanced Advantage Fund) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, DSP Dynamic Asset Allocation Fund or ICICI Prudential Balanced Advantage Fund?
ICICI Prudential Balanced Advantage Fund has ₹71,030 Cr in assets under management, versus ₹3,673 Cr for DSP Dynamic Asset Allocation Fund. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which has a higher yield to maturity (YTM), DSP Dynamic Asset Allocation Fund or ICICI Prudential Balanced Advantage Fund?
ICICI Prudential Balanced Advantage Fund's portfolio YTM (7.8827%) is higher than DSP Dynamic Asset Allocation Fund's. YTM is the weighted-average return a debt fund's current bond holdings would earn if held to maturity, assuming no defaults and coupons reinvested at the same rate - a useful forward-looking yield estimate for debt funds the way rolling CAGR is for equity funds, though it's an estimate based on today's portfolio, not a guaranteed return, and can move as bonds are bought/sold or as interest rates change.
Which fund has a longer track record, DSP Dynamic Asset Allocation Fund or ICICI Prudential Balanced Advantage Fund?
ICICI Prudential Balanced Advantage Fund launched on 2006-11-08, making it older than DSP Dynamic Asset Allocation Fund (launched 2014-01-17). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.