Aditya Birla Sun Life Balanced Advantage Fund vs Zerodha Nifty LargeMidcap 250 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Balanced Advantage Fund is a Balanced Advantage fund and Zerodha Nifty LargeMidcap 250 Index Fund is an Index fund. In the year to 30-10-2026, Aditya Birla Sun Life Balanced Advantage Fund (Direct) returned 2.2% and Zerodha Nifty LargeMidcap 250 Index Fund (Direct) returned −6.2%. Aditya Birla Sun Life Balanced Advantage Fund charges 0.89% a year and Zerodha Nifty LargeMidcap 250 Index Fund 0.38% (Direct plans). Their portfolios overlap 36.2%: they hold 76 of the same securities.
Aditya Birla Sun Life Balanced Advantage Fund
Balanced Advantage
- 1 year return
- 2.2%
- Expense ratio
- 0.89%
- NAV
- ₹126.86
Zerodha Nifty LargeMidcap 250 Index Fund
Index
- 1 year return
- −6.2%
- Expense ratio
- 0.38%
- NAV
- ₹13.46
Which is better, Aditya Birla Sun Life Balanced Advantage or Zerodha Nifty LargeMidcap 250 Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Aditya Birla Sun Life Balanced Advantage returned more over 1 year: 2.2% against −6.2%.
- Zerodha Nifty LargeMidcap 250 Index costs less: 0.38% a year against 0.89% (Direct plans).
- Aditya Birla Sun Life Balanced Advantage fell less in its worst fall since 10-11-2023: −8.7% against −18.8%.
- Zerodha Nifty LargeMidcap 250 Index holds more in large companies: 52.0% of the fund in large caps against 39.7%.
- Aditya Birla Sun Life Balanced Advantage is the larger fund: ₹9,836 Cr against ₹1,569 Cr.
- Their portfolios overlap 36.2%: 76 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Aditya Birla Sun Life Balanced Advantage Fund | Zerodha Nifty LargeMidcap 250 Index Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Zerodha Mutual Fund |
| Category | Balanced Advantage | Index |
| AUM | ₹9,836 Cr (30-09-2026) | ₹1,569 Cr (30-09-2026) |
| NAV | ₹126.86 (Direct) | ₹13.46 (Direct) |
| Expense ratio (Direct) | 0.89% | 0.38% |
| Expense ratio (Regular) | 1.95% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | CRISIL Hybrid 50+50 - Moderate Index | Nifty LargeMidcap 250 TRI |
| Launch date | 25-04-2000 | 08-11-2023 |
| Minimum investment | ₹100 | Rs. 100. |
| Lock in | None | None |
| Fund managers | Mohit Sharma, Harish Krishnan, Lovelish Solanki, Rohit Karan | Kedarnath Mirajkar |
| Exit load | Exit load of 0.25%, if redeemed within 7 days. | Nil |
Aditya Birla Sun Life Balanced Advantage vs Zerodha Nifty LargeMidcap 250 Index: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Balanced Advantage Fund (Direct) | −0.15% | −2.24% | +2.10% | +2.18% | +11.60% | +9.68% | +10.59% |
| Zerodha Nifty LargeMidcap 250 Index Fund (Direct) | −1.31% | −6.83% | −3.29% | −6.24% | -- | -- | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | +9.91% |
Category average: the average of the 38 Balanced Advantage funds, same plan type.
Aditya Birla Sun Life Balanced Advantage vs Zerodha Nifty LargeMidcap 250 Index: Year-wise Returns
| Year | Aditya Birla Sun Life Balanced AdvantageAditya Birla Sun Life Balanced Advantage | Zerodha Nifty LargeMidcap 250 IndexZerodha Nifty LargeMidcap 250 Index |
|---|---|---|
| 2026to date | +1.10% | −6.89% |
| 2025 | +11.30% | +8.37% |
| 2024 | +14.28% | +18.50% |
| 2023 | +17.93% | -- |
| 2022 | +5.51% | -- |
| 2021 | +14.82% | -- |
Aditya Birla Sun Life Balanced Advantage vs Zerodha Nifty LargeMidcap 250 Index: Rolling Returns
Every holding period of both funds, against NIFTY LargeMidcap 250 TRI, the benchmark of Zerodha Nifty LargeMidcap 250 Index Fund
Rolling returns
Every 1-year holding period, 486 of them, one for each trading day from 11-11-2024 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Aditya Birla Sun Life Balanced Advantage Fund (Direct)
Zerodha Nifty LargeMidcap 250 Index Fund (Direct)
NIFTY LargeMidcap 250 TRI
to
Jan 2025May 2024
to
May 2025Sept 2024
to
Sept 2025Jan 2025
to
Jan 2026May 2025
to
May 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Balanced Advantage | 0.0 | 14.8 | 42.4 | 35.6 | 4.3 | 2.9 | 0.0 | 9.4% | 9.3% | 0.3% | 22.3% | 82% |
| Zerodha Nifty LargeMidcap 250 Index | 14.4 | 31.8 | 29.7 | 12.6 | 4.7 | 1.9 | 4.9 | 6.9% | 5.7% | −7.7% | 33.3% | 81% |
| NIFTY LargeMidcap 250 TRI | 15.8 | 31.1 | 30.5 | 11.1 | 4.7 | 1.9 | 4.9 | 6.7% | 5.5% | −8.0% | 33.7% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is NIFTY LargeMidcap 250 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 10-11-2023. Past returns do not promise future returns.
Aditya Birla Sun Life Balanced Advantage vs Zerodha Nifty LargeMidcap 250 Index: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-11-2023 to 30-10-2026: 36 instalments, ₹3,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life Balanced AdvantageAditya Birla Sun Life Balanced Advantage Fund (Direct) | ₹3,60,000 | ₹3,99,478 | ₹39,478 | 6.9% |
| Zerodha Nifty LargeMidcap 250 IndexZerodha Nifty LargeMidcap 250 Index Fund (Direct) | ₹3,60,000 | ₹3,69,843 | ₹9,843 | 1.8% |
Aditya Birla Sun Life Balanced AdvantageAditya Birla Sun Life Balanced Advantage Fund (Direct)
Zerodha Nifty LargeMidcap 250 IndexZerodha Nifty LargeMidcap 250 Index Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Aditya Birla Sun Life Balanced Advantage vs Zerodha Nifty LargeMidcap 250 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life Balanced Advantage Fund (Direct) | Zerodha Nifty LargeMidcap 250 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +2.18% | −6.24% |
| Standard deviation | 8.87% | 14.85% |
| Sharpe ratio | -0.35 | -0.77 |
| Sortino ratio | -0.48 | -1.03 |
| Maximum drawdown | −7.6% (30-03-2026) | −14.3% (30-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | +0.23% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Balanced Advantage Fund (Direct) | Zerodha Nifty LargeMidcap 250 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.06% | +10.48% |
| Standard deviation | 9.68% | 14.89% |
| Sharpe ratio | 0.55 | 0.30 |
| Sortino ratio | 0.74 | 0.40 |
| Maximum drawdown | −26.4% (23-03-2020) | −18.8% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | +0.04% |
From daily NAVs, 13-10-2014 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Aditya Birla Sun Life Balanced Advantage Fund (Direct)
Zerodha Nifty LargeMidcap 250 Index Fund (Direct)
NIFTY LargeMidcap 250 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Balanced Advantage Fund (Direct) | −8.7% | 27-09-2024 | 28-02-2025 | 12-05-2025 | 2 months | −3.9% |
| Zerodha Nifty LargeMidcap 250 Index Fund (Direct) | −18.8% | 26-09-2024 | 28-02-2025 | 17-11-2025 | 9 months | −8.6% |
| NIFTY LargeMidcap 250 TRI | −18.8% | 26-09-2024 | 28-02-2025 | 17-11-2025 | 9 months | −8.6% |
From daily values since 10-11-2023, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Balanced Advantage Fund (Direct)
Zerodha Nifty LargeMidcap 250 Index Fund (Direct)
NIFTY LargeMidcap 250 TRI
Against NIFTY LargeMidcap 250 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Aditya Birla Sun Life Balanced Advantage Fund (Direct) | 69% | 45% | 7.42% |
| Zerodha Nifty LargeMidcap 250 Index Fund (Direct) | 100% | 100% | 0.08% |
From month-end values since 10-11-2023. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Aditya Birla Sun Life Balanced Advantage vs Zerodha Nifty LargeMidcap 250 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Balanced Advantage Fund, September 2026; Zerodha Nifty LargeMidcap 250 Index Fund, September 2026
Holdings in common
- Overlap
- 36.2%
- Held by both
- 76
- Only in Aditya Birla Sun Life Balanced Advantage
- 61
- Only in Zerodha Nifty LargeMidcap 250 Index
- 174
| Security | % of Aditya Birla Sun Life Balanced Advantage | % of Zerodha Nifty LargeMidcap 250 Index |
|---|---|---|
| ICICI Bank Ltd. | 3.82% | 3.68% |
| HDFC Bank Ltd. | 2.67% | 4.22% |
| Reliance Industries Ltd. | 2.00% | 3.08% |
| State Bank of India | 1.94% | 1.54% |
| Axis Bank Ltd. | 1.68% | 1.37% |
| Infosys Ltd. | 1.49% | 1.36% |
| Kotak Mahindra Bank Ltd. | 2.95% | 1.19% |
| Bharti Airtel Ltd. | 1.07% | 2.07% |
| Larsen & Toubro Ltd. | 0.96% | 1.71% |
| The Federal Bank Ltd. | 1.27% | 0.96% |
| Eternal Ltd. | 0.79% | 0.90% |
| Persistent Systems Ltd. | 0.98% | 0.71% |
| AU Small Finance Bank Ltd. | 0.69% | 0.72% |
| Mahindra & Mahindra Ltd. | 0.63% | 1.02% |
| Lenskart Solutions Ltd. | 1.04% | 0.62% |
| Bharat Forge Ltd. | 0.60% | 0.66% |
| Adani Ports and Special Economic Zone Ltd. | 0.71% | 0.55% |
| Ashok Leyland Ltd. | 0.71% | 0.54% |
| Hindalco Industries Ltd. | 1.16% | 0.53% |
| HCL Technologies Ltd. | 1.02% | 0.50% |
| Ultratech Cement Ltd. | 0.68% | 0.50% |
| APL Apollo Tubes Ltd. | 0.94% | 0.49% |
| United Spirits Ltd. | 0.85% | 0.49% |
| ICICI Lombard General Insurance Company Ltd. | 0.75% | 0.48% |
| Embassy Office Parks Reit | 1.09% | 0.47% |
| SRF Ltd. | 0.89% | 0.44% |
| Asian Paints Ltd. | 0.67% | 0.42% |
| Shriram Finance Ltd. | 0.41% | 0.53% |
| GMR Airports Ltd. | 1.05% | 0.41% |
| Bajaj Finserv Ltd. | 1.22% | 0.39% |
| Tech Mahindra Ltd. | 1.62% | 0.38% |
| Adani Enterprises Ltd. | 1.48% | 0.38% |
| UPL Ltd. | 0.75% | 0.37% |
| Vishal Mega Mart Ltd. | 0.42% | 0.35% |
| Trent Ltd. | 0.82% | 0.34% |
| Adani Power Ltd. | 0.73% | 0.33% |
| 360 ONE WAM Ltd. | 0.57% | 0.33% |
| Apollo Hospitals Enterprise Ltd. | 0.33% | 0.33% |
| PB Fintech Ltd. | 0.32% | 0.46% |
| Tube Investments of India Ltd. | 0.41% | 0.31% |
| SBI Life Insurance Co. Ltd. | 0.87% | 0.30% |
| Samvardhana Motherson International Ltd. | 1.23% | 0.28% |
| L&T Finance Ltd. | 0.34% | 0.28% |
| Cholamandalam Investment & Finance Co. Ltd. | 1.48% | 0.27% |
| ITC Ltd. | 0.26% | 0.98% |
| Meesho Ltd. | 0.88% | 0.26% |
| Biocon Ltd. | 0.24% | 0.32% |
| Blue Star Ltd. | 1.07% | 0.24% |
| PI Industries Ltd. | 0.37% | 0.23% |
| Jubilant Foodworks Ltd. | 0.60% | 0.22% |
| Balkrishna Industries Ltd. | 0.34% | 0.21% |
| Astral Ltd. | 0.21% | 0.21% |
| Ajanta Pharma Ltd. | 1.13% | 0.20% |
| Abbott India Ltd. | 0.74% | 0.17% |
| Adani Energy Solutions Ltd. | 0.58% | 0.17% |
| Jindal Steel Ltd. | 0.97% | 0.16% |
| Patanjali Foods Ltd. | 0.51% | 0.15% |
| NTPC Ltd. | 0.15% | 0.60% |
| Vodafone Idea Ltd. | 0.98% | 0.14% |
| ABB India Ltd. | 0.45% | 0.14% |
| Godrej Consumer Products Ltd. | 0.94% | 0.13% |
| Anthem Biosciences Ltd. | 0.37% | 0.11% |
| United Breweries Ltd. | 0.48% | 0.10% |
| Hexaware Technologies Ltd. | 0.65% | 0.09% |
| Ambuja Cements Ltd. | 0.59% | 0.09% |
| Sun Pharmaceutical Industries Ltd. | 0.08% | 0.75% |
| Indian Oil Corporation Ltd. | 0.08% | 0.20% |
| Hindustan Aeronautics Ltd. | 0.07% | 0.34% |
| Tata Motors Passenger Vehicles Ltd. | 0.06% | 0.23% |
| Bank of Maharashtra | 0.05% | 0.20% |
| Varun Beverages Ltd. | 0.03% | 0.23% |
| Nestle India Ltd. | 0.03% | 0.36% |
| Supreme Industries Ltd. | 0.02% | 0.27% |
| Coal India Ltd. | 0.01% | 0.40% |
| JSW Energy Ltd. | 0.01% | 0.37% |
| Vedanta Ltd. | 0.01% | 0.18% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.2% means 36.2% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Aditya Birla Sun Life Balanced Advantage Fund
| Security | % of fund |
|---|---|
| IndiGrid Infrastructure Trust | 2.21% |
| Sona Blw Precision Forgings Ltd. | 1.60% |
| Government of India (24/07/2037) | 1.57% |
| 7.32% Axis Finance Ltd. (11/01/2029) (FRN) | 1.51% |
| 7.79% Tata Capital Housing Finance Ltd. (18/06/2030) | 1.41% |
Largest holdings only in Zerodha Nifty LargeMidcap 250 Index Fund
| Security | % of fund |
|---|---|
| Multi Commodity Exchange of India Limited | 1.04% |
| Bajaj Finance Limited | 1.02% |
| Laurus Labs Limited | 0.95% |
| One 97 Communications Limited | 0.89% |
| Hero MotoCorp Limited | 0.84% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Balanced Advantage | Zerodha Nifty LargeMidcap 250 Index |
|---|---|---|
| Equity | 74.6% | 99.6% |
| Debt | 15.1% | 0.0% |
| Cash and others | 10.3% | 0.4% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Balanced Advantage | Zerodha Nifty LargeMidcap 250 Index |
|---|---|---|
| Large Cap | 39.7% | 52.0% |
| Mid Cap | 20.6% | 46.3% |
| Small Cap | 13.6% | 1.3% |
| Not on AMFI's list | 0.7% | 0.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Aditya Birla Sun Life Balanced Advantage | Zerodha Nifty LargeMidcap 250 Index |
|---|---|---|
| Banks | 15.1% | 16.9% |
| Pharmaceuticals & Biotechnology | 3.8% | 6.7% |
| Finance | 4.4% | 6.5% |
| IT - Software | 5.8% | 5.6% |
| Retailing | 4.2% | 4.3% |
| Auto Components | 4.2% | 2.7% |
| Automobiles | 1.7% | 4.0% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Balanced Advantage vs Zerodha Nifty LargeMidcap 250 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Balanced Advantage Fund | Zerodha Nifty LargeMidcap 250 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.89% | 0.38% |
| Base expense ratio (Direct) | 0.59% | 0.25% |
| Total expense ratio (Regular) | 1.95% | Not available |
| Base expense ratio (Regular) | 1.50% | 0.00% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
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Aditya Birla Sun Life Balanced Advantage Fund vs Zerodha Nifty LargeMidcap 250 Index Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Balanced Advantage Fund and Zerodha Nifty LargeMidcap 250 Index Fund?
Aditya Birla Sun Life Balanced Advantage Fund is a Balanced Advantage fund, Zerodha Nifty LargeMidcap 250 Index Fund is an Index fund, run by Aditya Birla Sun Life Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 36.2%. Aditya Birla Sun Life Balanced Advantage Fund charges 0.89% a year and Zerodha Nifty LargeMidcap 250 Index Fund 0.38%.
Which has given higher returns, Aditya Birla Sun Life Balanced Advantage Fund or Zerodha Nifty LargeMidcap 250 Index Fund?
Over 1 year: Aditya Birla Sun Life Balanced Advantage Fund +2.18%, Zerodha Nifty LargeMidcap 250 Index Fund −6.24%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Aditya Birla Sun Life Balanced Advantage Fund or Zerodha Nifty LargeMidcap 250 Index Fund?
Zerodha Nifty LargeMidcap 250 Index Fund charges less: 0.38% a year against 0.89%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Balanced Advantage Fund and Zerodha Nifty LargeMidcap 250 Index Fund overlap?
36.2%. They hold 76 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Balanced Advantage Fund or Zerodha Nifty LargeMidcap 250 Index Fund?
On SEBI's riskometer, Aditya Birla Sun Life Balanced Advantage Fund is rated Very High and Zerodha Nifty LargeMidcap 250 Index Fund Very High. Over 1 years, the standard deviation of daily returns was 8.87% and 14.85% a year.
Can I invest in both Aditya Birla Sun Life Balanced Advantage Fund and Zerodha Nifty LargeMidcap 250 Index Fund?
Yes. 36.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Aditya Birla Sun Life Balanced Advantage Fund and Zerodha Nifty LargeMidcap 250 Index Fund?
Aditya Birla Sun Life Balanced Advantage Fund: Mohit Sharma, Harish Krishnan, Lovelish Solanki, Rohit Karan. Zerodha Nifty LargeMidcap 250 Index Fund: Kedarnath Mirajkar.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.