Axis Balanced Advantage Fund vs ICICI Prudential Balanced Advantage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Balanced Advantage Fund and ICICI Prudential Balanced Advantage Fund are both Balanced Advantage funds. In the 3 years to 30-10-2026, Axis Balanced Advantage Fund (Direct) returned 11.5% a year and ICICI Prudential Balanced Advantage Fund (Direct) returned 10.6% a year. Axis Balanced Advantage Fund charges 1.00% a year and ICICI Prudential Balanced Advantage Fund 1.03% (Direct plans). Their portfolios overlap 46.2%: they hold 69 of the same securities.
Axis Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 11.5%
- Expense ratio
- 1.00%
- NAV
- ₹23.69
ICICI Prudential Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 10.6%
- Expense ratio
- 1.03%
- NAV
- ₹85.81
Which is better, Axis Balanced Advantage or ICICI Prudential Balanced Advantage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- ICICI Prudential Balanced Advantage returned more over 5 years: 9.9% a year against 9.1%.
- Axis Balanced Advantage returned more over 3 years: 11.5% a year against 10.6%.
- Axis Balanced Advantage costs less: 1.00% a year against 1.03% (Direct plans).
- ICICI Prudential Balanced Advantage swung less over 3 years: a standard deviation of 7.1% a year against 8.0%.
- Axis Balanced Advantage fell less in its worst fall since 07-08-2017: −17.2% against −27.0%.
- ICICI Prudential Balanced Advantage is the larger fund: ₹71,913 Cr against ₹3,651 Cr.
- Their portfolios overlap 46.2%: 69 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 | Axis Balanced Advantage Fund | ICICI Prudential Balanced Advantage Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Balanced Advantage | Balanced Advantage |
| AUM | ₹3,651 Cr (30-09-2026) | ₹71,913 Cr (30-09-2026) |
| NAV | ₹23.69 (Direct) | ₹85.81 (Direct) |
| Expense ratio (Direct) | 1.00% | 1.03% |
| Expense ratio (Regular) | 2.18% | 1.56% |
| Riskometer | Very High | Not available |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | CRISIL Hybrid 50+50 - Moderate Index |
| Launch date | 01-08-2017 | 30-12-2006 |
| Minimum investment | ₹100 | ₹500 |
| Lock in | None | None |
| Fund managers | Jayesh Sundar, Devang Shah, Hardik Shah | Rajat Chandak, Manish Banthia, Akhil Kakkar, Sri Sharma, Sharmila D'silva |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months. | • NIL - If units purchased or switched in from another scheme of the Fund are redeemed or switched out upto 30% of the units (the limit) purchased or switched within 1 year from the date of allotment. • 1% of the applicable NAV - If units purchased or switched in from another scheme of the Fund are redeemed or switched out in excess of the limit within 1 year from the date of allotment. • NIL - If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 1 year from the date of allotment. |
Axis Balanced Advantage vs ICICI Prudential Balanced Advantage: 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 |
|---|---|---|---|---|---|---|---|
| Axis Balanced Advantage Fund (Direct) | +0.59% | −2.63% | +0.25% | −1.41% | +11.50% | +9.11% | -- |
| ICICI Prudential Balanced Advantage Fund (Direct) | +0.15% | −3.08% | +1.18% | +0.30% | +10.55% | +9.90% | +10.97% |
| 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.
Axis Balanced Advantage vs ICICI Prudential Balanced Advantage: Year-wise Returns
| Year | AxisAxis Balanced Advantage | ICICI PrudentialICICI Prudential Balanced Advantage |
|---|---|---|
| 2026to date | −2.35% | −1.16% |
| 2025 | +8.16% | +12.87% |
| 2024 | +18.99% | +12.98% |
| 2023 | +21.46% | +17.24% |
| 2022 | +0.91% | +8.62% |
| 2021 | +17.23% | +15.86% |
Axis Balanced Advantage vs ICICI Prudential Balanced Advantage: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 1,544 of them, one for each trading day from 07-08-2020 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.
Axis Balanced Advantage Fund (Direct)
ICICI Prudential Balanced Advantage Fund (Direct)
to
Feb 2021Feb 2019
to
Feb 2022Mar 2020
to
Mar 2023Apr 2021
to
Apr 2024May 2022
to
May 2025May 2023
to
May 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis Balanced Advantage | 0.0 | 0.2 | 27.3 | 57.6 | 14.9 | 0.0 | 0.0 | 12.0% | 12.7% | 4.5% | 17.9% |
| ICICI Prudential Balanced Advantage | 0.0 | 0.0 | 8.5 | 79.0 | 11.9 | 0.7 | 0.0 | 13.1% | 13.3% | 5.6% | 23.6% |
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. Every fund is measured over the days all of them have, from 07-08-2017. Past returns do not promise future returns.
Axis Balanced Advantage vs ICICI Prudential Balanced Advantage: 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 07-08-2017 to 30-10-2026: 111 instalments, ₹11,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis Balanced AdvantageAxis Balanced Advantage Fund (Direct) | ₹11,10,000 | ₹17,99,570 | ₹6,89,570 | 10.1% |
| ICICI Prudential Balanced AdvantageICICI Prudential Balanced Advantage Fund (Direct) | ₹11,10,000 | ₹18,75,481 | ₹7,65,481 | 11.0% |
Axis Balanced AdvantageAxis Balanced Advantage Fund (Direct)
ICICI Prudential Balanced AdvantageICICI Prudential Balanced Advantage 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.
Axis Balanced Advantage vs ICICI Prudential Balanced Advantage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Balanced Advantage Fund (Direct) | ICICI Prudential Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −1.41% | +0.30% |
| Standard deviation | 8.19% | 9.21% |
| Sharpe ratio | -0.81 | -0.54 |
| Sortino ratio | -1.10 | -0.74 |
| Maximum drawdown | −7.8% (30-03-2026) | −8.2% (30-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 | Axis Balanced Advantage Fund (Direct) | ICICI Prudential Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.50% | +10.55% |
| Standard deviation | 8.03% | 7.14% |
| Sharpe ratio | 0.68 | 0.63 |
| Sortino ratio | 0.95 | 0.90 |
| Maximum drawdown | −7.8% (30-03-2026) | −8.2% (30-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 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 | Axis Balanced Advantage Fund (Direct) | ICICI Prudential Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.11% | +9.90% |
| Standard deviation | 7.79% | 6.46% |
| Sharpe ratio | 0.42 | 0.63 |
| Sortino ratio | 0.58 | 0.89 |
| Maximum drawdown | −9.6% (17-06-2022) | −8.2% (30-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 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 | Axis Balanced Advantage Fund (Direct) | ICICI Prudential Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.71% | +12.24% |
| Standard deviation | 8.12% | 8.87% |
| Sharpe ratio | 0.54 | 0.70 |
| Sortino ratio | 0.73 | 0.95 |
| Maximum drawdown | −17.2% (23-03-2020) | −27.0% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 07-08-2017 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.
Axis Balanced Advantage Fund (Direct)
ICICI Prudential Balanced Advantage Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Balanced Advantage Fund (Direct) | −17.2% | 13-02-2020 | 23-03-2020 | 09-10-2020 | 7 months | −3.9% |
| ICICI Prudential Balanced Advantage Fund (Direct) | −27.0% | 12-02-2020 | 23-03-2020 | 26-08-2020 | 5 months | −4.9% |
From daily values since 07-08-2017, 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.
Axis Balanced Advantage Fund (Direct)
ICICI Prudential Balanced Advantage Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Balanced Advantage Fund (Direct)
ICICI Prudential Balanced Advantage Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Balanced Advantage Fund (Direct)
ICICI Prudential Balanced Advantage Fund (Direct)
Axis Balanced Advantage vs ICICI Prudential Balanced Advantage: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Balanced Advantage Fund, September 2026; ICICI Prudential Balanced Advantage Fund, September 2026
Holdings in common
- Overlap
- 46.2%
- Held by both
- 69
- Only in Axis Balanced Advantage
- 82
- Only in ICICI Prudential Balanced Advantage
- 139
| Security | % of Axis Balanced Advantage | % of ICICI Prudential Balanced Advantage |
|---|---|---|
| ICICI Bank Limited | 5.81% | 4.15% |
| HDFC Bank Limited | 5.65% | 3.41% |
| Reliance Industries Limited | 4.43% | 2.54% |
| Infosys Limited | 2.20% | 2.27% |
| State Bank of India | 3.26% | 1.97% |
| Bharti Airtel Limited | 2.38% | 1.91% |
| Larsen & Toubro Limited | 2.20% | 1.86% |
| Kotak Mahindra Bank Limited | 2.39% | 1.57% |
| Axis Bank Limited | 1.53% | 2.04% |
| Eternal Limited | 1.51% | 2.18% |
| Mahindra & Mahindra Limited | 2.01% | 1.08% |
| InterGlobe Aviation Limited | 0.99% | 1.48% |
| Bajaj Finance Limited | 1.17% | 0.99% |
| Cholamandalam Investment and Finance Company Ltd (27/02/2029) (FRN) | 1.78% | 0.97% |
| Embassy Office Parks REIT | 0.96% | 2.80% |
| NTPC Limited | 1.56% | 0.92% |
| Samvardhana Motherson International Limited | 0.89% | 0.81% |
| Apollo Hospitals Enterprise Limited | 1.83% | 0.79% |
| TVS Motor Company Limited | 0.78% | 6.31% |
| Sun Pharmaceutical Industries Limited | 1.19% | 0.77% |
| Shriram Finance Limited | 0.91% | 0.73% |
| Britannia Industries Limited | 0.72% | 1.08% |
| SBI Life Insurance Company Limited | 0.71% | 0.71% |
| Titan Company Limited | 0.62% | 1.02% |
| Sona BLW Precision Forgings Limited | 0.76% | 0.60% |
| Hindustan Aeronautics Limited | 0.87% | 0.58% |
| Tata Steel Limited | 0.57% | 0.81% |
| Cholamandalam Investment and Finance Company Ltd | 0.57% | 0.71% |
| Maruti Suzuki India Limited | 0.52% | 1.79% |
| The Phoenix Mills Limited | 0.96% | 0.48% |
| CG Power and Industrial Solutions Limited | 0.67% | 0.48% |
| UltraTech Cement Limited | 0.44% | 0.68% |
| Pidilite Industries Limited | 0.56% | 0.40% |
| Divi's Laboratories Limited | 0.42% | 0.39% |
| Info Edge (India) Limited | 0.33% | 0.35% |
| Tech Mahindra Limited | 0.33% | 0.54% |
| Torrent Pharmaceuticals Limited | 0.32% | 0.36% |
| Bharat Petroleum Corporation Limited | 0.36% | 0.32% |
| HDFC Life Insurance Company Limited | 0.60% | 0.30% |
| The Indian Hotels Company Limited | 1.02% | 0.30% |
| Bharat Electronics Limited | 0.28% | 0.53% |
| 7.4% Small Industries Dev Bank of India (18/06/2031) | 0.40% | 0.27% |
| FSN E-Commerce Ventures Limited | 0.38% | 0.26% |
| Cipla Limited | 0.25% | 0.38% |
| Coforge Limited | 0.32% | 0.25% |
| Multi Commodity Exchange of India Limited | 0.24% | 0.53% |
| Hindustan Unilever Limited | 0.62% | 0.24% |
| Indus Towers Limited | 0.41% | 0.23% |
| 91 Days Tbill (MD 15/10/2026) | 0.82% | 0.23% |
| Bajaj Finserv Limited | 0.22% | 0.55% |
| 7.48% National Bank For Agriculture and Rural Development (15/09/2028) | 0.27% | 0.21% |
| Tata Motors Ltd | 0.20% | 0.98% |
| Tata Consultancy Services Limited | 0.19% | 0.43% |
| Dr. Reddy's Laboratories Limited | 0.23% | 0.17% |
| Eicher Motors Limited | 0.17% | 0.30% |
| Hindalco Industries Limited | 0.16% | 0.77% |
| GE Vernova T&D India Limited | 0.21% | 0.14% |
| ITC Limited | 0.70% | 0.14% |
| 7.62% National Bank For Agriculture and Rural Development (31/01/2028) | 0.14% | 0.28% |
| Computer Age Management Services Limited | 0.33% | 0.12% |
| HCL Technologies Limited | 0.11% | 1.08% |
| Mankind Pharma Limited | 0.38% | 0.11% |
| Jubilant Foodworks Limited | 0.36% | 0.11% |
| Voltas Limited | 0.17% | 0.09% |
| Asian Paints Limited | 0.59% | 0.08% |
| Indus Infra Trust | 0.89% | 0.07% |
| Mphasis Limited | 0.47% | 0.05% |
| IndusInd Bank Limited | 0.02% | 0.25% |
| PG Electroplast Limited | 0.02% | 0.25% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 46.2% means 46.2% 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 Axis Balanced Advantage Fund
| Security | % of fund |
|---|---|
| 7.61% Government of India (09/05/2030) | 1.40% |
| 7.97% Mankind Pharma Limited (16/11/2027) | 1.37% |
| 8.4% Muthoot Finance Limited (28/08/2028) | 1.36% |
| 8.11% Pilani Investment and Industries Corporation Limited (24/04/2029) | 1.35% |
| 8.4% Indian Railway Finance Corporation Limited (08/01/2029) | 1.11% |
Largest holdings only in ICICI Prudential Balanced Advantage Fund
| Security | % of fund |
|---|---|
| Government Securities | 2.71% |
| Avenue Supermarts Ltd. | 1.58% |
| Trent Ltd. | 1.28% |
| Government Securities | 1.09% |
| 360 One Wam Ltd. | 0.83% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Balanced Advantage | ICICI Prudential Balanced Advantage |
|---|---|---|
| Equity | 72.9% | 71.0% |
| Debt | 22.8% | 21.2% |
| Cash and others | 4.3% | 7.8% |
Market cap of stocks
| Market cap | Axis Balanced Advantage | ICICI Prudential Balanced Advantage |
|---|---|---|
| Large Cap | 58.2% | 60.8% |
| Mid Cap | 9.1% | 6.8% |
| Small Cap | 5.3% | 3.1% |
| Not on AMFI's list | 0.3% | 0.2% |
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 | Axis Balanced Advantage | ICICI Prudential Balanced Advantage |
|---|---|---|
| Banks | 19.3% | 13.4% |
| Automobiles | 4.2% | 9.5% |
| Retailing | 2.4% | 5.9% |
| Petroleum Products | 4.8% | 3.1% |
| It - Software | 0.0% | 4.6% |
| Finance | 4.3% | 3.2% |
| IT - Software | 3.6% | 0.0% |
| Pharmaceuticals & Biotechnology | 3.1% | 2.3% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Balanced Advantage vs ICICI Prudential Balanced Advantage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Balanced Advantage Fund | ICICI Prudential Balanced Advantage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.00% | 1.03% |
| Base expense ratio (Direct) | 0.66% | 0.71% |
| Total expense ratio (Regular) | 2.18% | 1.56% |
| Base expense ratio (Regular) | 1.64% | 1.15% |
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
Compare Axis Balanced Advantage with
Compare ICICI Prudential Balanced Advantage with
Axis Balanced Advantage Fund vs ICICI Prudential Balanced Advantage Fund: Frequently Asked Questions
What is the difference between Axis Balanced Advantage Fund and ICICI Prudential Balanced Advantage Fund?
Both are Balanced Advantage funds, run by Axis Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 46.2%. Axis Balanced Advantage Fund charges 1.00% a year and ICICI Prudential Balanced Advantage Fund 1.03%.
Which has given higher returns, Axis Balanced Advantage Fund or ICICI Prudential Balanced Advantage Fund?
Over 1 year: Axis Balanced Advantage Fund −1.41%, ICICI Prudential Balanced Advantage Fund +0.30%. Over 3 years: Axis Balanced Advantage Fund +11.50% a year, ICICI Prudential Balanced Advantage Fund +10.55% a year. Over 5 years: Axis Balanced Advantage Fund +9.11% a year, ICICI Prudential Balanced Advantage Fund +9.90% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Balanced Advantage Fund or ICICI Prudential Balanced Advantage Fund?
Axis Balanced Advantage Fund charges less: 1.00% a year against 1.03%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Balanced Advantage Fund and ICICI Prudential Balanced Advantage Fund overlap?
46.2%. They hold 69 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is better for SIP, Axis Balanced Advantage Fund or ICICI Prudential Balanced Advantage Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,67,696 in Axis Balanced Advantage Fund (XIRR 9.0% a year) and ₹7,71,458 in ICICI Prudential Balanced Advantage Fund (XIRR 9.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Axis Balanced Advantage Fund and ICICI Prudential Balanced Advantage Fund?
Yes. 46.2% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Axis Balanced Advantage Fund and ICICI Prudential Balanced Advantage Fund?
Axis Balanced Advantage Fund: Jayesh Sundar, Devang Shah, Hardik Shah. ICICI Prudential Balanced Advantage Fund: Rajat Chandak, Manish Banthia, Akhil Kakkar, Sri Sharma, Sharmila D'silva.
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.