Axis Balanced Advantage Fund vs UTI - Unit Linked Insurance Plan
Direct Plan, Growth option · Data as on 30-10-2026
Axis Balanced Advantage Fund and UTI - Unit Linked Insurance Plan are both Balanced Advantage funds. In the 3 years to 30-10-2026, Axis Balanced Advantage Fund (Direct) returned 11.5% a year and UTI - Unit Linked Insurance Plan (Direct) returned 7.8% a year. Axis Balanced Advantage Fund charges 1.00% a year and UTI - Unit Linked Insurance Plan 1.11% (Direct plans). Their portfolios overlap 16.1%: they hold 19 of the same securities.
Axis Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 11.5%
- Expense ratio
- 1.00%
- NAV
- ₹23.69
UTI - Unit Linked Insurance Plan
Balanced Advantage
- 3 year return
- 7.8%
- Expense ratio
- 1.11%
- NAV
- ₹45.91
Which is better, Axis Balanced Advantage or UTI - Unit Linked Insurance Plan? 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 5 years: 9.1% a year against 5.7%.
- Axis Balanced Advantage returned more over 3 years: 11.5% a year against 7.8%.
- Axis Balanced Advantage costs less: 1.00% a year against 1.11% (Direct plans).
- UTI - Unit Linked Insurance Plan swung less over 3 years: a standard deviation of 5.6% a year against 8.0%.
- Axis Balanced Advantage fell less in its worst fall since 07-08-2017: −17.2% against −17.9%.
- Axis Balanced Advantage holds more in large companies: 58.2% of the fund in large caps against 23.8%.
- UTI - Unit Linked Insurance Plan is the larger fund: ₹4,930 Cr against ₹3,651 Cr.
- Their portfolios overlap 16.1%: 19 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 | UTI - Unit Linked Insurance Plan |
|---|---|---|
| Fund house | Axis Mutual Fund | UTI Mutual Fund |
| Category | Balanced Advantage | Balanced Advantage |
| AUM | ₹3,651 Cr (30-09-2026) | ₹4,930 Cr (30-09-2026) |
| NAV | ₹23.69 (Direct) | ₹45.91 (Direct) |
| Expense ratio (Direct) | 1.00% | 1.11% |
| Expense ratio (Regular) | 2.18% | 1.60% |
| 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 | 01-10-1971 |
| Minimum investment | ₹100 | Minimum target amount under the scheme is 15000 which is required to be invested over 10/15 year period. |
| Lock in | None | None |
| Fund managers | Jayesh Sundar, Devang Shah, Hardik Shah | Anurag Mittal FM 1, Ajay Tyagi FM 2, Kamal Gada FM 3 Mr. Akash Shah FM 4 |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months. | If withdrawn prematurely – 2% On or after maturity – Nil |
Axis Balanced Advantage vs UTI - Unit Linked Insurance Plan: 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% | -- |
| UTI - Unit Linked Insurance Plan (Direct) | −0.03% | −2.17% | +3.96% | −0.53% | +7.84% | +5.73% | +7.58% |
| 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 UTI - Unit Linked Insurance Plan: Year-wise Returns
| Year | Axis Balanced AdvantageAxis Balanced Advantage | UTI - Unit Linked Insurance PlanUTI - Unit Linked Insurance Plan |
|---|---|---|
| 2026to date | −2.35% | +0.38% |
| 2025 | +8.16% | +5.12% |
| 2024 | +18.99% | +12.24% |
| 2023 | +21.46% | +12.76% |
| 2022 | +0.91% | −1.60% |
| 2021 | +17.23% | +15.42% |
Axis Balanced Advantage vs UTI - Unit Linked Insurance Plan: 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)
UTI - Unit Linked Insurance Plan (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% |
| UTI - Unit Linked Insurance Plan | 0.0 | 4.6 | 67.6 | 27.8 | 0.0 | 0.0 | 0.0 | 8.9% | 8.7% | 2.5% | 14.9% |
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 07-08-2017. Past returns do not promise future returns.
Axis Balanced Advantage vs UTI - Unit Linked Insurance Plan: 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% |
| UTI - Unit Linked Insurance PlanUTI - Unit Linked Insurance Plan (Direct) | ₹11,10,000 | ₹15,78,389 | ₹4,68,389 | 7.4% |
Axis Balanced AdvantageAxis Balanced Advantage Fund (Direct)
UTI - Unit Linked Insurance PlanUTI - Unit Linked Insurance Plan (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 UTI - Unit Linked Insurance Plan: 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) | UTI - Unit Linked Insurance Plan (Direct) |
|---|---|---|
| Return (CAGR) | −1.41% | −0.53% |
| Standard deviation | 8.19% | 6.39% |
| Sharpe ratio | -0.81 | -0.90 |
| Sortino ratio | -1.10 | -1.23 |
| 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) | UTI - Unit Linked Insurance Plan (Direct) |
|---|---|---|
| Return (CAGR) | +11.50% | +7.84% |
| Standard deviation | 8.03% | 5.63% |
| Sharpe ratio | 0.68 | 0.32 |
| Sortino ratio | 0.95 | 0.46 |
| 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) | UTI - Unit Linked Insurance Plan (Direct) |
|---|---|---|
| Return (CAGR) | +9.11% | +5.73% |
| Standard deviation | 7.79% | 5.69% |
| Sharpe ratio | 0.42 | -0.01 |
| Sortino ratio | 0.58 | -0.02 |
| Maximum drawdown | −9.6% (17-06-2022) | −9.7% (17-06-2022) |
| 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) | UTI - Unit Linked Insurance Plan (Direct) |
|---|---|---|
| Return (CAGR) | +9.71% | +7.05% |
| Standard deviation | 8.12% | 7.17% |
| Sharpe ratio | 0.54 | 0.14 |
| Sortino ratio | 0.73 | 0.17 |
| Maximum drawdown | −17.2% (23-03-2020) | −17.9% (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)
UTI - Unit Linked Insurance Plan (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% |
| UTI - Unit Linked Insurance Plan (Direct) | −17.9% | 12-02-2020 | 23-03-2020 | 16-09-2020 | 6 months | −3.4% |
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)
UTI - Unit Linked Insurance Plan (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)
UTI - Unit Linked Insurance Plan (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)
UTI - Unit Linked Insurance Plan (Direct)
Axis Balanced Advantage vs UTI - Unit Linked Insurance Plan: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Balanced Advantage Fund, September 2026; UTI - Unit Linked Insurance Plan, September 2026
Holdings in common
- Overlap
- 16.1%
- Held by both
- 19
- Only in Axis Balanced Advantage
- 132
- Only in UTI - Unit Linked Insurance Plan
- 89
| Security | % of Axis Balanced Advantage | % of UTI - Unit Linked Insurance Plan |
|---|---|---|
| ICICI Bank Limited | 5.81% | 2.53% |
| HDFC Bank Limited | 5.65% | 2.03% |
| Kotak Mahindra Bank Limited | 2.39% | 1.51% |
| Eternal Limited | 1.51% | 2.89% |
| Bharti Airtel Limited | 2.38% | 1.46% |
| Bajaj Finance Limited | 1.17% | 2.34% |
| Mahindra & Mahindra Limited | 2.01% | 1.04% |
| Titan Company Limited | 0.62% | 1.72% |
| Pidilite Industries Limited | 0.56% | 0.59% |
| Maruti Suzuki India Limited | 0.52% | 0.87% |
| 7.97% Mankind Pharma Limited (16/11/2027) | 1.37% | 0.51% |
| Dixon Technologies (India) Limited | 0.50% | 1.49% |
| Divi's Laboratories Limited | 0.42% | 0.75% |
| Info Edge (India) Limited | 0.33% | 1.55% |
| Coforge Limited | 0.32% | 1.62% |
| Torrent Pharmaceuticals Limited | 0.32% | 0.60% |
| Jubilant Foodworks Limited | 0.36% | 0.28% |
| Asian Paints Limited | 0.59% | 0.25% |
| Eicher Motors Limited | 0.17% | 0.93% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 16.1% means 16.1% 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 |
|---|---|
| Reliance Industries Limited | 4.43% |
| State Bank of India | 3.26% |
| Infosys Limited | 2.20% |
| Larsen & Toubro Limited | 2.20% |
| Apollo Hospitals Enterprise Limited | 1.83% |
Largest holdings only in UTI - Unit Linked Insurance Plan
| Security | % of fund |
|---|---|
| 07.18% GSEC MAT -24/07/2037 | 8.09% |
| 07.32% GSEC MAT -13/11/2030 | 4.12% |
| 7.24% GSEC MAT- 18/08/2055 | 2.60% |
| NCD MAHINDRA AND MAHINDRA FINANCIAL SERVICES LTD | 2.53% |
| NCD INDIAN RAILWAY FINANCE CORPORATION LIMITED | 2.01% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Balanced Advantage | UTI - Unit Linked Insurance Plan |
|---|---|---|
| Equity | 72.9% | 38.0% |
| Debt | 22.8% | 53.3% |
| Cash and others | 4.3% | 8.7% |
Market cap of stocks
| Market cap | Axis Balanced Advantage | UTI - Unit Linked Insurance Plan |
|---|---|---|
| Large Cap | 58.2% | 23.8% |
| Mid Cap | 9.1% | 10.7% |
| Small Cap | 5.3% | 3.5% |
| Not on AMFI's list | 0.3% | 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 | Axis Balanced Advantage | UTI - Unit Linked Insurance Plan |
|---|---|---|
| Banks | 19.3% | 6.5% |
| Retailing | 2.4% | 6.7% |
| Petroleum Products | 4.8% | 0.0% |
| Finance | 4.3% | 2.6% |
| Consumer Durables | 2.7% | 4.3% |
| Automobiles | 4.2% | 2.8% |
| IT - Software | 3.6% | 4.0% |
| Pharmaceuticals & Biotechnology | 3.1% | 3.4% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Balanced Advantage vs UTI - Unit Linked Insurance Plan: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Balanced Advantage Fund | UTI - Unit Linked Insurance Plan |
|---|---|---|
| Total expense ratio (Direct) | 1.00% | 1.11% |
| Base expense ratio (Direct) | 0.66% | 0.92% |
| Total expense ratio (Regular) | 2.18% | 1.60% |
| Base expense ratio (Regular) | 1.64% | 1.37% |
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 UTI - Unit Linked Insurance Plan with
Axis Balanced Advantage Fund vs UTI - Unit Linked Insurance Plan: Frequently Asked Questions
What is the difference between Axis Balanced Advantage Fund and UTI - Unit Linked Insurance Plan?
Both are Balanced Advantage funds, run by Axis Mutual Fund and UTI Mutual Fund. Their portfolios overlap 16.1%. Axis Balanced Advantage Fund charges 1.00% a year and UTI - Unit Linked Insurance Plan 1.11%.
Which has given higher returns, Axis Balanced Advantage Fund or UTI - Unit Linked Insurance Plan?
Over 1 year: Axis Balanced Advantage Fund −1.41%, UTI - Unit Linked Insurance Plan −0.53%. Over 3 years: Axis Balanced Advantage Fund +11.50% a year, UTI - Unit Linked Insurance Plan +7.84% a year. Over 5 years: Axis Balanced Advantage Fund +9.11% a year, UTI - Unit Linked Insurance Plan +5.73% 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 UTI - Unit Linked Insurance Plan?
Axis Balanced Advantage Fund charges less: 1.00% a year against 1.11%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Balanced Advantage Fund and UTI - Unit Linked Insurance Plan overlap?
16.1%. They hold 19 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, KOTAKBANK. From each fund's latest monthly portfolio.
Which is riskier, Axis Balanced Advantage Fund or UTI - Unit Linked Insurance Plan?
On SEBI's riskometer, Axis Balanced Advantage Fund is rated Very High and UTI - Unit Linked Insurance Plan High. Over 3 years, the standard deviation of daily returns was 8.03% and 5.63% a year.
Which is better for SIP, Axis Balanced Advantage Fund or UTI - Unit Linked Insurance Plan?
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 ₹7,14,591 in UTI - Unit Linked Insurance Plan (XIRR 6.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Axis Balanced Advantage Fund and UTI - Unit Linked Insurance Plan?
Yes. 16.1% 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 UTI - Unit Linked Insurance Plan?
Axis Balanced Advantage Fund: Jayesh Sundar, Devang Shah, Hardik Shah. UTI - Unit Linked Insurance Plan: Anurag Mittal FM 1, Ajay Tyagi FM 2, Kamal Gada FM 3 Mr. Akash Shah FM 4.
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.