Bandhan Balanced Advantage Fund (BBAF) is a dynamic asset allocation scheme that manages assets worth Rs 2,402 crore. Currently, it uses a quantitative model based on the Nifty 50s PE ratio to determine equity allocation. However, the fund house plans to switch to a multi-factor quantitative model. This new model will consider valuations, fundamental factors like macroeconomic indicators, and technical factors like market volatility. The aim is to increase equity exposure during cheaper market conditions and reduce it during expensive times.