Bajaj Finserv Balanced Advantage Fund vs Bajaj Finserv Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bajaj Finserv Balanced Advantage Fund is a Balanced Advantage fund and Bajaj Finserv Multi Asset Allocation Fund is a Multi Asset fund. In the year to 30-10-2026, Bajaj Finserv Balanced Advantage Fund (Direct) returned −1.8% and Bajaj Finserv Multi Asset Allocation Fund (Direct) returned 0.1%. Bajaj Finserv Balanced Advantage Fund charges 1.05% a year and Bajaj Finserv Multi Asset Allocation Fund 0.73% (Direct plans). Their portfolios overlap 40.7%: they hold 27 of the same securities.
Bajaj Finserv Balanced Advantage Fund
Balanced Advantage
- 1 year return
- −1.8%
- Expense ratio
- 1.05%
- NAV
- ₹11.78
Bajaj Finserv Multi Asset Allocation Fund
Multi Asset
- 1 year return
- 0.1%
- Expense ratio
- 0.73%
- NAV
- ₹12.01
Which is better, Bajaj Finserv Balanced Advantage or Bajaj Finserv Multi 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.
- Bajaj Finserv Multi Asset Allocation returned more over 1 year: 0.1% against −1.8%.
- Bajaj Finserv Multi Asset Allocation costs less: 0.73% a year against 1.05% (Direct plans).
- Bajaj Finserv Balanced Advantage fell less in its worst fall since 06-06-2024: −12.5% against −13.2%.
- Bajaj Finserv Balanced Advantage holds more in large companies: 68.5% of the fund in large caps against 44.0%.
- Bajaj Finserv Multi Asset Allocation is the larger fund: ₹1,913 Cr against ₹1,207 Cr.
- Their portfolios overlap 40.7%: 27 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 | Bajaj Finserv Balanced Advantage Fund | Bajaj Finserv Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Bajaj Finserv Mutual Fund | Bajaj Finserv Mutual Fund |
| Category | Balanced Advantage | Multi Asset |
| AUM | ₹1,207 Cr (30-09-2026) | ₹1,913 Cr (30-09-2026) |
| NAV | ₹11.78 (Direct) | ₹12.01 (Direct) |
| Expense ratio (Direct) | 1.05% | 0.73% |
| Expense ratio (Regular) | 2.64% | 2.20% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | Nifty 50 TRI 65% + NIFTY Short Duration Debt Index 25% + Domestic Prices of Gold 10% |
| Launch date | 15-12-2023 | 03-06-2024 |
| Minimum investment | ₹500 | ₹500 |
| Lock in | None | None |
| Fund managers | Nimesh Chandan, Sorbh Gupta, Siddharth Chaudhary | Anup Kulkarni, Sabyasachi Mukerji Associate Fund ManagerFM-3- Mr. Siddharth Chaudhary, Cheragh Sidhwa |
| Exit load | Exit Load for units in excess of 8% of the investment,1% will be charged for redemption within 3 months. | Exit Load for units in excess of 30% of the investment,1% will be charged for redemption within 3 Months. |
Bajaj Finserv Balanced Advantage vs Bajaj Finserv Multi 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 |
|---|---|---|---|---|---|---|---|
| Bajaj Finserv Balanced Advantage Fund (Direct) | −0.52% | −3.60% | +0.90% | −1.78% | -- | -- | -- |
| Bajaj Finserv Multi Asset Allocation Fund (Direct) | −2.21% | −5.00% | −2.74% | +0.14% | -- | -- | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | -- | -- | -- |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | -- | -- | -- |
Category average: the average of the 38 Balanced Advantage funds and the 37 Multi Asset funds, same plan type.
Bajaj Finserv Balanced Advantage vs Bajaj Finserv Multi Asset Allocation: Year-wise Returns
| Year | Balanced AdvantageBajaj Finserv Balanced Advantage | Multi Asset AllocationBajaj Finserv Multi Asset Allocation |
|---|---|---|
| 2026to date | −2.88% | −4.57% |
| 2025 | +10.06% | +20.92% |
| 2024 | +8.82% | -- |
Bajaj Finserv Balanced Advantage vs Bajaj Finserv Multi Asset Allocation: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 345 of them, one for each trading day from 06-06-2025 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.
Bajaj Finserv Balanced Advantage Fund (Direct)
Bajaj Finserv Multi Asset Allocation Fund (Direct)
to
Jul 2025Oct 2024
to
Oct 2025Jan 2025
to
Jan 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bajaj Finserv Balanced Advantage | 9.0 | 43.2 | 35.9 | 11.9 | 0.0 | 0.0 | 0.0 | 4.9% | 4.6% | −3.6% | 14.9% |
| Bajaj Finserv Multi Asset Allocation | 0.3 | 17.1 | 19.1 | 27.0 | 19.7 | 10.4 | 6.4 | 12.7% | 12.4% | −0.0% | 30.3% |
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 06-06-2024. Past returns do not promise future returns.
Bajaj Finserv Balanced Advantage vs Bajaj Finserv Multi 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 03-06-2024 to 30-10-2026: 29 instalments, ₹2,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bajaj Finserv Balanced AdvantageBajaj Finserv Balanced Advantage Fund (Direct) | ₹2,90,000 | ₹2,96,805 | ₹6,805 | 1.9% |
| Bajaj Finserv Multi Asset AllocationBajaj Finserv Multi Asset Allocation Fund (Direct) | ₹2,90,000 | ₹3,06,621 | ₹16,621 | 4.5% |
Bajaj Finserv Balanced AdvantageBajaj Finserv Balanced Advantage Fund (Direct)
Bajaj Finserv Multi Asset AllocationBajaj Finserv Multi 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.
Bajaj Finserv Balanced Advantage vs Bajaj Finserv Multi Asset Allocation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bajaj Finserv Balanced Advantage Fund (Direct) | Bajaj Finserv Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −1.78% | +0.14% |
| Standard deviation | 10.94% | 12.44% |
| Sharpe ratio | -0.64 | -0.41 |
| Sortino ratio | -0.86 | -0.54 |
| Maximum drawdown | −10.5% (30-03-2026) | −13.2% (23-03-2026) |
| 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 | Bajaj Finserv Balanced Advantage Fund (Direct) | Bajaj Finserv Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.82% | +7.77% |
| Standard deviation | 9.79% | 10.19% |
| Sharpe ratio | -0.02 | 0.19 |
| Sortino ratio | -0.02 | 0.26 |
| Maximum drawdown | −12.5% (04-03-2025) | −13.2% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 18-12-2023 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.
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.
Bajaj Finserv Balanced Advantage Fund (Direct)
Bajaj Finserv Multi Asset Allocation Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bajaj Finserv Balanced Advantage Fund (Direct) | −12.5% | 27-09-2024 | 04-03-2025 | 16-10-2025 | 7 months | −5.5% |
| Bajaj Finserv Multi Asset Allocation Fund (Direct) | −13.2% | 29-01-2026 | 23-03-2026 | Not yet | -- | −9.8% |
From daily values since 06-06-2024, 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.
Bajaj Finserv Balanced Advantage Fund (Direct)
Bajaj Finserv Multi Asset Allocation Fund (Direct)
Bajaj Finserv Balanced Advantage vs Bajaj Finserv Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Bajaj Finserv Balanced Advantage Fund, September 2026; Bajaj Finserv Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 40.7%
- Held by both
- 27
- Only in Bajaj Finserv Balanced Advantage
- 30
- Only in Bajaj Finserv Multi Asset Allocation
- 42
| Security | % of Bajaj Finserv Balanced Advantage | % of Bajaj Finserv Multi Asset Allocation |
|---|---|---|
| HDFC Bank Limited | 9.11% | 6.20% |
| ICICI Bank Limited | 5.83% | 5.66% |
| State Bank of India | 2.45% | 2.99% |
| Divi's Laboratories Limited | 3.07% | 2.25% |
| Larsen & Toubro Limited | 2.22% | 2.30% |
| Bharti Airtel Limited | 4.77% | 2.08% |
| Reliance Industries Limited | 5.26% | 1.90% |
| Bajaj Finance Limited | 3.51% | 1.90% |
| Tata Steel Limited | 2.62% | 1.63% |
| Infosys Limited | 1.44% | 1.43% |
| Shriram Finance Limited | 1.74% | 1.34% |
| Rubicon Research Limited | 1.22% | 1.43% |
| GlaxoSmithKline Pharmaceuticals Limited | 2.64% | 1.14% |
| Hindustan Unilever Limited | 1.90% | 1.02% |
| Sun Pharmaceutical Industries Limited | 1.96% | 1.00% |
| The Federal Bank Limited | 1.10% | 0.97% |
| Vedanta Aluminium Metal Limited | 0.97% | 1.15% |
| Bajaj Auto Limited | 1.93% | 0.73% |
| HCL Technologies Limited | 1.03% | 0.67% |
| 7.28% REC Limited (31/08/2029) | 1.02% | 0.64% |
| Hindustan Zinc Limited | 0.92% | 0.62% |
| Asian Paints Limited | 0.56% | 0.97% |
| HDFC Life Insurance Company Limited | 0.66% | 0.48% |
| ITC Limited | 1.69% | 0.47% |
| Steel Authority of India Limited | 0.97% | 0.47% |
| SBI Life Insurance Company Limited | 0.80% | 0.46% |
| Mahindra & Mahindra Limited | 0.24% | 0.96% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40.7% means 40.7% 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 Bajaj Finserv Balanced Advantage Fund
| Security | % of fund |
|---|---|
| Axis Bank Limited | 2.04% |
| 6.85% National Bank For Agriculture and Rural Development (19/01/2029) | 2.03% |
| 6.66% Small Industries Dev Bank of India (25/10/2028) | 2.03% |
| DLF Limited | 1.91% |
| UltraTech Cement Limited | 1.90% |
Largest holdings only in Bajaj Finserv Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| DSP Gold ETF | 7.97% |
| Embassy Office Parks REIT | 3.26% |
| Kotak MF Gold ETF | 3.02% |
| Bajaj Finserv Money Market Fund-Direct Plan-Growth | 2.65% |
| 7.37% Axis Finance Limited (23/08/2028) | 2.58% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bajaj Finserv Balanced Advantage | Bajaj Finserv Multi Asset Allocation |
|---|---|---|
| Equity | 82.8% | 61.4% |
| Debt | 5.7% | 5.3% |
| Cash and others | 11.5% | 33.3% |
Market cap of stocks
| Market cap | Bajaj Finserv Balanced Advantage | Bajaj Finserv Multi Asset Allocation |
|---|---|---|
| Large Cap | 68.5% | 44.0% |
| Mid Cap | 8.3% | 4.9% |
| Small Cap | 4.5% | 12.5% |
| Not on AMFI's list | 1.5% | 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 | Bajaj Finserv Balanced Advantage | Bajaj Finserv Multi Asset Allocation |
|---|---|---|
| Banks | 22.2% | 16.8% |
| Pharmaceuticals & Biotechnology | 8.9% | 8.2% |
| Finance | 6.6% | 3.6% |
| Petroleum Products | 5.3% | 1.9% |
| Telecom - Services | 4.8% | 3.5% |
| Ferrous Metals | 4.7% | 2.1% |
| Auto Components | 0.9% | 3.0% |
| IT - Software | 2.5% | 3.0% |
The six largest sectors of each fund's stocks, % of the fund.
Bajaj Finserv Balanced Advantage vs Bajaj Finserv Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bajaj Finserv Balanced Advantage Fund | Bajaj Finserv Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.05% | 0.73% |
| Base expense ratio (Direct) | 0.52% | 0.44% |
| Total expense ratio (Regular) | 2.64% | 2.20% |
| Base expense ratio (Regular) | 1.87% | 1.69% |
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
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Compare Bajaj Finserv Multi Asset Allocation with
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Bajaj Finserv Balanced Advantage Fund vs Bajaj Finserv Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Bajaj Finserv Balanced Advantage Fund and Bajaj Finserv Multi Asset Allocation Fund?
Bajaj Finserv Balanced Advantage Fund is a Balanced Advantage fund, Bajaj Finserv Multi Asset Allocation Fund is a Multi Asset fund, run by Bajaj Finserv Mutual Fund. Their portfolios overlap 40.7%. Bajaj Finserv Balanced Advantage Fund charges 1.05% a year and Bajaj Finserv Multi Asset Allocation Fund 0.73%.
Which has given higher returns, Bajaj Finserv Balanced Advantage Fund or Bajaj Finserv Multi Asset Allocation Fund?
Over 1 year: Bajaj Finserv Balanced Advantage Fund −1.78%, Bajaj Finserv Multi Asset Allocation Fund +0.14%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bajaj Finserv Balanced Advantage Fund or Bajaj Finserv Multi Asset Allocation Fund?
Bajaj Finserv Multi Asset Allocation Fund charges less: 0.73% a year against 1.05%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bajaj Finserv Balanced Advantage Fund and Bajaj Finserv Multi Asset Allocation Fund overlap?
40.7%. They hold 27 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, SBIN. From each fund's latest monthly portfolio.
Which is riskier, Bajaj Finserv Balanced Advantage Fund or Bajaj Finserv Multi Asset Allocation Fund?
On SEBI's riskometer, Bajaj Finserv Balanced Advantage Fund is rated Very High and Bajaj Finserv Multi Asset Allocation Fund Very High. Over 1 years, the standard deviation of daily returns was 10.94% and 12.44% a year.
Can I invest in both Bajaj Finserv Balanced Advantage Fund and Bajaj Finserv Multi Asset Allocation Fund?
Yes. 40.7% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Bajaj Finserv Balanced Advantage Fund and Bajaj Finserv Multi Asset Allocation Fund?
Bajaj Finserv Balanced Advantage Fund: Nimesh Chandan, Sorbh Gupta, Siddharth Chaudhary. Bajaj Finserv Multi Asset Allocation Fund: Anup Kulkarni, Sabyasachi Mukerji Associate Fund ManagerFM-3- Mr. Siddharth Chaudhary, Cheragh Sidhwa.
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.