Nippon India Balanced Advantage Fund Direct-Growth
SBI Balanced Advantage Fund Direct-Growth
Description
The scheme seeks to capitalize on the potential upside in equity markets while attempting to limit the downside by dynamically managing the portfolio through investment in equity & equity related instruments and active use of debt, money market instruments and derivatives.
The scheme seeks to provide long term capital appreciation / income from a dynamic mix of equity and debt investments.
29.1% of the combined portfolio weight is common between Nippon India Balanced Advantage Fund Direct-Growth and SBI Balanced Advantage Fund Direct-Growth.
34 stocks appear in both portfolios.
The largest shared holding is HDFC Bank Ltd., at 6.01% of Nippon India Balanced Advantage Fund Direct-Growth and 4.05% of SBI Balanced Advantage Fund Direct-Growth.
The two funds hold largely different portfolios, so holding both can genuinely diversify your equity exposure.
Largest common holdings
HDFC Bank Ltd.ICICI Bank Ltd.Reliance Industries Ltd.Larsen & Toubro Ltd.Axis Bank Ltd.Bharti Airtel Ltd.Mahindra & Mahindra Ltd.State Bank of India
Nippon India Balanced Advantage Fund Direct-Growth has delivered the higher 3-year CAGR (12.22% vs 11.34%). SBI Balanced Advantage Fund Direct-Growth manages the larger corpus at ₹41.51k 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, Nippon India Balanced Advantage Fund Direct-Growth returned 6.97% against 6.34% for SBI Balanced Advantage Fund Direct-Growth; and over 3 years, Nippon India Balanced Advantage Fund Direct-Growth leads with a 12.22% CAGR versus 11.34%. 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.
Both Nippon India Balanced Advantage Fund Direct-Growth and SBI 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 29.1%, which is considered low. At this level the two funds hold largely different portfolios, so holding both can genuinely diversify your equity exposure. 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.
Nippon India Balanced Advantage Fund Direct-Growth has a NAV of ₹212.75 and an AUM of ₹9.80k Cr, and was launched on 31 Dec 2012. SBI Balanced Advantage Fund Direct-Growth has a NAV of ₹16.85 and an AUM of ₹41.51k Cr, launched on 6 Sep 2021. NAV on its own says nothing about how expensive or cheap a fund is — only the return on it matters.
