Axis Balanced Advantage Fund vs Sundaram Dynamic Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Balanced Advantage Fund and Sundaram Dynamic Asset Allocation 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 Sundaram Dynamic Asset Allocation Fund (Direct) returned 7.8% a year. Axis Balanced Advantage Fund charges 1.00% a year and Sundaram Dynamic Asset Allocation Fund 1.12% (Direct plans). Their portfolios overlap 33.3%: they hold 30 of the same securities.
Axis Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 11.5%
- Expense ratio
- 1.00%
- NAV
- ₹23.69
Sundaram Dynamic Asset Allocation Fund
Balanced Advantage
- 3 year return
- 7.8%
- Expense ratio
- 1.12%
- NAV
- ₹40.33
Which is better, Axis Balanced Advantage or Sundaram Dynamic Asset Allocation? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Axis Balanced Advantage returned more over 3 years: 11.5% a year against 7.8%.
- Axis Balanced Advantage returned more over 1 year: −1.4% against −5.0%.
- Axis Balanced Advantage costs less: 1.00% a year against 1.12% (Direct plans).
- Axis Balanced Advantage swung less over 3 years: a standard deviation of 8.0% a year against 8.4%.
- Axis Balanced Advantage fell less in its worst fall since 03-01-2022: −9.6% against −9.7%.
- Axis Balanced Advantage is the larger fund: ₹3,651 Cr against ₹1,596 Cr.
- Their portfolios overlap 33.3%: 30 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 | Sundaram Dynamic Asset Allocation Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Sundaram Mutual Fund |
| Category | Balanced Advantage | Balanced Advantage |
| AUM | ₹3,651 Cr (30-09-2026) | ₹1,596 Cr (30-09-2026) |
| NAV | ₹23.69 (Direct) | ₹40.33 (Direct) |
| Expense ratio (Direct) | 1.00% | 1.12% |
| Expense ratio (Regular) | 2.18% | 2.54% |
| Riskometer | Very High | High |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | NIFTY 50 Hybrid Composite Debt 50:50 Index |
| Launch date | 01-08-2017 | 01-12-2010 |
| Minimum investment | ₹100 | New Investor/Existing – Rs.100/- for both Monthly IDCW and Growth Option and any amount thereafter under each Plan/option. |
| Lock in | None | None |
| Fund managers | Jayesh Sundar, Devang Shah, Hardik Shah | Bharath, Clyton Richard Fernandes, Kumaresh Ramakrishnan |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months. | Exit Load: W.E.F Dec 31, 2021 -Nil - If up to 25% of the units invested are redeemed or withdrawn by way of SWP within 365 days from the date of allotment. Any redemptions or withdrawals by way of SWP in excess of the above mentioned limit would be subject to an exit load of 1 % of the applicable NAV will be charged, if the units are redeemed within 365 days from the date of allotment of units. For redemption or withdrawal by way of SWP after 365 days from the date of allotment - Nil. Generally, the exit load will be calculated on First in First out (FIFO) basis. |
Axis Balanced Advantage vs Sundaram Dynamic Asset Allocation: 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% | -- |
| Sundaram Dynamic Asset Allocation Fund (Direct) | −0.69% | −3.73% | −1.70% | −4.99% | +7.83% | -- | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | -- | -- |
Category average: the average of the 38 Balanced Advantage funds, same plan type.
Axis Balanced Advantage vs Sundaram Dynamic Asset Allocation: Year-wise Returns
| Year | Axis Balanced AdvantageAxis Balanced Advantage | Sundaram Dynamic Asset AllocationSundaram Dynamic Asset Allocation |
|---|---|---|
| 2026to date | −2.35% | −5.15% |
| 2025 | +8.16% | +6.67% |
| 2024 | +18.99% | +14.28% |
| 2023 | +21.46% | +15.81% |
| 2022 | +0.91% | -- |
| 2021 | +17.23% | -- |
Axis Balanced Advantage vs Sundaram Dynamic Asset Allocation: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 455 of them, one for each trading day from 03-01-2025 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)
Sundaram Dynamic Asset Allocation Fund (Direct)
to
Feb 2025Jun 2022
to
Jun 2025Oct 2022
to
Oct 2025Jan 2023
to
Jan 2026May 2023
to
May 2026Sept 2023
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis Balanced Advantage | 0.0 | 0.0 | 0.0 | 53.8 | 46.2 | 0.0 | 0.0 | 14.5% | 14.8% | 10.4% | 17.9% |
| Sundaram Dynamic Asset Allocation | 0.0 | 0.0 | 18.0 | 78.0 | 4.0 | 0.0 | 0.0 | 11.6% | 11.7% | 7.0% | 15.9% |
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 03-01-2022. Past returns do not promise future returns.
Axis Balanced Advantage vs Sundaram Dynamic Asset Allocation: 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 03-01-2022 to 30-10-2026: 58 instalments, ₹5,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis Balanced AdvantageAxis Balanced Advantage Fund (Direct) | ₹5,80,000 | ₹7,21,132 | ₹1,41,132 | 9.0% |
| Sundaram Dynamic Asset AllocationSundaram Dynamic Asset Allocation Fund (Direct) | ₹5,80,000 | ₹6,70,937 | ₹90,937 | 6.0% |
Axis Balanced AdvantageAxis Balanced Advantage Fund (Direct)
Sundaram Dynamic Asset AllocationSundaram Dynamic Asset Allocation 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 Sundaram Dynamic Asset Allocation: 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) | Sundaram Dynamic Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −1.41% | −4.99% |
| Standard deviation | 8.19% | 9.43% |
| Sharpe ratio | -0.81 | -1.09 |
| Sortino ratio | -1.10 | -1.45 |
| Maximum drawdown | −7.8% (30-03-2026) | −9.7% (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) | Sundaram Dynamic Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.50% | +7.83% |
| Standard deviation | 8.03% | 8.40% |
| Sharpe ratio | 0.68 | 0.22 |
| Sortino ratio | 0.95 | 0.29 |
| Maximum drawdown | −7.8% (30-03-2026) | −9.7% (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) | Sundaram Dynamic Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.71% | +7.67% |
| Standard deviation | 8.12% | 8.10% |
| Sharpe ratio | 0.54 | 0.22 |
| Sortino ratio | 0.73 | 0.30 |
| Maximum drawdown | −17.2% (23-03-2020) | −9.7% (30-03-2026) |
| 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)
Sundaram Dynamic Asset Allocation 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) | −9.6% | 17-01-2022 | 17-06-2022 | 15-11-2022 | 5 months | −3.9% |
| Sundaram Dynamic Asset Allocation Fund (Direct) | −9.7% | 28-11-2025 | 30-03-2026 | Not yet | -- | −5.8% |
From daily values since 03-01-2022, 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)
Sundaram Dynamic Asset Allocation 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)
Sundaram Dynamic Asset Allocation Fund (Direct)
Axis Balanced Advantage vs Sundaram Dynamic Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Balanced Advantage Fund, September 2026; Sundaram Dynamic Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 33.3%
- Held by both
- 30
- Only in Axis Balanced Advantage
- 121
- Only in Sundaram Dynamic Asset Allocation
- 44
| Security | % of Axis Balanced Advantage | % of Sundaram Dynamic Asset Allocation |
|---|---|---|
| ICICI Bank Limited | 5.81% | 7.12% |
| Reliance Industries Limited | 4.43% | 5.12% |
| HDFC Bank Limited | 5.65% | 3.79% |
| Kotak Mahindra Bank Limited | 2.39% | 3.24% |
| Bharti Airtel Limited | 2.38% | 3.86% |
| Larsen & Toubro Limited | 2.20% | 2.98% |
| Eternal Limited | 1.51% | 4.20% |
| Mahindra & Mahindra Limited | 2.01% | 1.34% |
| Sun Pharmaceutical Industries Limited | 1.19% | 0.97% |
| Embassy Office Parks REIT | 0.96% | 1.98% |
| TVS Motor Company Limited | 0.78% | 1.86% |
| InterGlobe Aviation Limited | 0.99% | 0.78% |
| SBI Life Insurance Company Limited | 0.71% | 0.99% |
| Bajaj Finance Limited | 1.17% | 0.68% |
| Cholamandalam Investment and Finance Company Ltd | 0.57% | 1.95% |
| Bajaj Auto Limited | 0.54% | 0.69% |
| UltraTech Cement Limited | 0.44% | 0.84% |
| Mankind Pharma Limited | 0.38% | 0.77% |
| Amber Enterprises India Limited | 0.37% | 1.11% |
| Delhivery Limited | 0.32% | 0.84% |
| Coforge Limited | 0.32% | 1.27% |
| NTPC Limited | 1.56% | 0.31% |
| State Bank of India | 3.26% | 0.31% |
| Hindustan Aeronautics Limited | 0.87% | 0.25% |
| Multi Commodity Exchange of India Limited | 0.24% | 0.92% |
| Bajaj Finserv Limited | 0.22% | 2.20% |
| Hindalco Industries Limited | 0.16% | 1.47% |
| 7.62% National Bank For Agriculture and Rural Development (31/01/2028) | 0.14% | 0.94% |
| 7.34% Government of India (22/04/2064) | 0.02% | 0.89% |
| UNO Minda Limited | 0.02% | 0.89% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 33.3% means 33.3% 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 |
|---|---|
| Infosys Limited | 2.20% |
| Apollo Hospitals Enterprise Limited | 1.83% |
| Cholamandalam Investment and Finance Company Ltd (27/02/2029) (FRN) | 1.78% |
| Axis Bank Limited | 1.53% |
| 7.61% Government of India (09/05/2030) | 1.40% |
Largest holdings only in Sundaram Dynamic Asset Allocation Fund
| Security | % of fund |
|---|---|
| 6.48% Central Government Securities 06/10/2035 | 3.53% |
| 6.94% Central Government Securities 11/05/2036 | 2.47% |
| 7.32% Government Securities-13/11/2030 | 1.91% |
| 7.38% Central Government Securities 20/06/2027 | 1.90% |
| REC LTD - 7.58% - 31/05/2029 | 1.56% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Balanced Advantage | Sundaram Dynamic Asset Allocation |
|---|---|---|
| Equity | 72.9% | 76.3% |
| Debt | 22.8% | 18.8% |
| Cash and others | 4.3% | 4.9% |
Market cap of stocks
| Market cap | Axis Balanced Advantage | Sundaram Dynamic Asset Allocation |
|---|---|---|
| Large Cap | 58.2% | 48.5% |
| Mid Cap | 9.1% | 14.5% |
| Small Cap | 5.3% | 11.7% |
| Not on AMFI's list | 0.3% | 1.5% |
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 | Sundaram Dynamic Asset Allocation |
|---|---|---|
| Banks | 19.3% | 14.7% |
| Finance | 4.3% | 7.4% |
| Petroleum Products | 4.8% | 5.1% |
| Automobiles | 4.2% | 4.8% |
| Pharmaceuticals & Biotechnology | 3.1% | 4.6% |
| Retailing | 2.4% | 4.2% |
| IT - Software | 3.6% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Balanced Advantage vs Sundaram Dynamic Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Balanced Advantage Fund | Sundaram Dynamic Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.00% | 1.12% |
| Base expense ratio (Direct) | 0.66% | 0.58% |
| Total expense ratio (Regular) | 2.18% | 2.54% |
| Base expense ratio (Regular) | 1.64% | 1.81% |
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 Sundaram Dynamic Asset Allocation with
Axis Balanced Advantage Fund vs Sundaram Dynamic Asset Allocation Fund: Frequently Asked Questions
What is the difference between Axis Balanced Advantage Fund and Sundaram Dynamic Asset Allocation Fund?
Both are Balanced Advantage funds, run by Axis Mutual Fund and Sundaram Mutual Fund. Their portfolios overlap 33.3%. Axis Balanced Advantage Fund charges 1.00% a year and Sundaram Dynamic Asset Allocation Fund 1.12%.
Which has given higher returns, Axis Balanced Advantage Fund or Sundaram Dynamic Asset Allocation Fund?
Over 1 year: Axis Balanced Advantage Fund −1.41%, Sundaram Dynamic Asset Allocation Fund −4.99%. Over 3 years: Axis Balanced Advantage Fund +11.50% a year, Sundaram Dynamic Asset Allocation Fund +7.83% 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 Sundaram Dynamic Asset Allocation Fund?
Axis Balanced Advantage Fund charges less: 1.00% a year against 1.12%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Balanced Advantage Fund and Sundaram Dynamic Asset Allocation Fund overlap?
33.3%. They hold 30 of the same securities, the largest shared ones being ICICIBANK, RELIANCE, HDFCBANK. From each fund's latest monthly portfolio.
Which is riskier, Axis Balanced Advantage Fund or Sundaram Dynamic Asset Allocation Fund?
On SEBI's riskometer, Axis Balanced Advantage Fund is rated Very High and Sundaram Dynamic Asset Allocation Fund High. Over 3 years, the standard deviation of daily returns was 8.03% and 8.40% a year.
Which is better for SIP, Axis Balanced Advantage Fund or Sundaram Dynamic Asset Allocation Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,00,013 in Axis Balanced Advantage Fund (XIRR 5.0% a year) and ₹3,81,965 in Sundaram Dynamic Asset Allocation Fund (XIRR 2.0% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Axis Balanced Advantage Fund and Sundaram Dynamic Asset Allocation Fund?
Yes. 33.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis Balanced Advantage Fund and Sundaram Dynamic Asset Allocation Fund?
Axis Balanced Advantage Fund: Jayesh Sundar, Devang Shah, Hardik Shah. Sundaram Dynamic Asset Allocation Fund: Bharath, Clyton Richard Fernandes, Kumaresh Ramakrishnan.
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.