The scheme seeks to generate capital appreciation by investing in a dynamically balanced portfolio of equity & equity related securities and debt & money market securities.
The scheme seeks to provide capital appreciation and income distribution to the investors by using equity derivatives strategies, arbitrage opportunities and pure equity investments.
Fund Manager
Abhishek Bisen, Hiten Shah, Rohit Tandon
Murthy Nagarajan, Sailesh Jain, Amit Somani, Rahul Singh
AMC
Kotak Mahindra Mutual Fund
Tata Mutual Fund
Taxation
Equity
Equity
Launch Date
9 Aug 2018
27 Jan 2019
Portfolio Overlap
34.8%
Moderate overlap
common holdings
34.8% of the combined portfolio weight is common between Kotak Balanced Advantage Fund Direct-Growth and Tata Balanced Advantage Fund Direct-Growth.
44 stocks appear in both portfolios.
The largest shared holding is GOI, at 5.95% of Kotak Balanced Advantage Fund Direct-Growth and 2.12% of Tata Balanced Advantage Fund Direct-Growth.
The funds share a meaningful part of their portfolios but still differ enough to add some diversification.
Largest common holdings
GOIReliance Industries Ltd.ICICI Bank Ltd.HDFC Bank Ltd.State Bank of IndiaBharti Airtel Ltd.Larsen & Toubro Ltd.Bajaj Finance Ltd.
Kotak Balanced Advantage Fund Direct-Growth has delivered the higher 3-year CAGR (10.94% vs 10.17%). Tata Balanced Advantage Fund Direct-Growth is the cheaper of the two with an expense ratio of 0.66% against 0.83%. Kotak Balanced Advantage Fund Direct-Growth manages the larger corpus at ₹17.37k Cr. There is no single "better" fund — the right choice depends on your holding period, risk appetite and what you already own. Use the returns, risk and portfolio overlap tables above to judge which fits your portfolio, and remember that past returns do not guarantee future performance.
Over 1 year, Tata Balanced Advantage Fund Direct-Growth returned 6.13% against 5.43% for Kotak Balanced Advantage Fund Direct-Growth; and over 3 years, Kotak Balanced Advantage Fund Direct-Growth leads with a 10.94% CAGR versus 10.17%. Returns beyond one year are CAGR (annualised). Short-period returns are heavily influenced by market cycles, so compare over at least three to five years before drawing conclusions.
Tata Balanced Advantage Fund Direct-Growth has the lower expense ratio at 0.66%, compared with 0.83% for Kotak Balanced Advantage Fund Direct-Growth — a difference of 0.17% a year. The expense ratio is deducted from NAV daily, so a lower ratio directly improves your net return, though it should not be the only reason to pick a fund.
Both Kotak Balanced Advantage Fund Direct-Growth and Tata Balanced Advantage Fund Direct-Growth carry a "Very High" rating on the SEBI Riskometer. Within the same riskometer band, differences still show up in maximum drawdown, volatility and market-cap mix — all of which are compared in the tables above.
The portfolio overlap between the two funds is 34.8%, which is considered moderate. At this level the funds share a meaningful part of their portfolios but still differ enough to add some diversification. You can see the shared stocks in the overlap section above.
Yes — both are Hybrid: Dynamic Asset Allocation funds, which means they follow similar mandates and are benchmarked against comparable indices. That makes a direct comparison of returns, expense ratio and risk meaningful.
Kotak Balanced Advantage Fund Direct-Growth has a NAV of ₹23.42 and an AUM of ₹17.37k Cr, and was launched on 9 Aug 2018. Tata Balanced Advantage Fund Direct-Growth has a NAV of ₹23.95 and an AUM of ₹8.83k Cr, launched on 27 Jan 2019. NAV on its own says nothing about how expensive or cheap a fund is — only the return on it matters.
