Motilal Oswal Balanced Advantage Fund Direct - Quarterly IDCW Payout/Reinvestment

Motilal Oswal Balanced Advantage Fund Direct - Quarterly IDCW Payout/Reinvestment lags behind most of its peers in the Dynamic Asset Allocation category, currently carrying a 1-star rating. Returns have been soft relative to what the category has offered — worth checking if this is a temporary phase or a longer pattern. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 31/100.

Cost: At 1.58%, the expense ratio runs 61% above the Dynamic Asset Allocation category average of 0.98%. That gap is worth weighing against the fund's actual performance versus cheaper peers before committing to a long SIP.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -1.37 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 13.77% is fairly typical for actively managed equity funds.

Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Hybrid fund. The High risk rating means near-term volatility should be expected — this isn't a fund to check daily.