Edelweiss ELSS Tax saver Fund vs LIC MF Balanced Advantage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Edelweiss ELSS Tax saver Fund is an ELSS fund and LIC MF Balanced Advantage Fund is a Balanced Advantage fund. In the 3 years to 30-10-2026, Edelweiss ELSS Tax saver Fund (Direct) returned 13.2% a year and LIC MF Balanced Advantage Fund (Direct) returned 7.6% a year. Edelweiss ELSS Tax saver Fund charges 0.94% a year and LIC MF Balanced Advantage Fund 1.44% (Direct plans). Their portfolios overlap 30.1%: they hold 25 of the same securities.
Edelweiss ELSS Tax saver Fund
ELSS
- 3 year return
- 13.2%
- Expense ratio
- 0.94%
- NAV
- ₹131.81
LIC MF Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 7.6%
- Expense ratio
- 1.44%
- NAV
- ₹14.27
Which is better, Edelweiss ELSS Tax saver or LIC MF 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.
- Edelweiss ELSS Tax saver returned more over 3 years: 13.2% a year against 7.6%.
- Edelweiss ELSS Tax saver returned more over 1 year: −3.0% against −3.6%.
- Edelweiss ELSS Tax saver costs less: 0.94% a year against 1.44% (Direct plans).
- LIC MF Balanced Advantage swung less over 3 years: a standard deviation of 8.9% a year against 14.4%.
- LIC MF Balanced Advantage fell less in its worst fall since 15-11-2021: −9.4% against −18.5%.
- Edelweiss ELSS Tax saver holds more in large companies: 56.6% of the fund in large caps against 39.4%.
- LIC MF Balanced Advantage is the larger fund: ₹653 Cr against ₹428 Cr.
- Their portfolios overlap 30.1%: 25 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 | Edelweiss ELSS Tax saver Fund | LIC MF Balanced Advantage Fund |
|---|---|---|
| Fund house | Edelweiss Mutual Fund | LIC Mutual Fund |
| Category | ELSS | Balanced Advantage |
| AUM | ₹428 Cr (30-09-2026) | ₹653 Cr (30-09-2026) |
| NAV | ₹131.81 (Direct) | ₹14.27 (Direct) |
| Expense ratio (Direct) | 0.94% | 1.44% |
| Expense ratio (Regular) | 2.57% | 2.86% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | NIFTY 50 Hybrid Composite Debt 50:50 Index |
| Launch date | 30-12-2008 | 12-11-2021 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | 3 years | None |
| Fund managers | Ashwani Agarwalla, Trideep Bhattacharya, Raj Koradia | Mahesh Bendre, Rahul Singh |
| Exit load | NIL | • 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 3 months from the date of allotment of units. • 1% on remaining units if redeemed or switched out on or before completion of 3 months from the date of allotment of units • Nil, if redeemed or switched out after completion of 3 months from the date of allotment of units |
Edelweiss ELSS Tax saver vs LIC MF 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 |
|---|---|---|---|---|---|---|---|
| Edelweiss ELSS Tax saver Fund (Direct) | −0.12% | −5.10% | −1.31% | −2.99% | +13.22% | +10.81% | +12.63% |
| LIC MF Balanced Advantage Fund (Direct) | −1.92% | −2.62% | +0.53% | −3.59% | +7.58% | -- | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | -- | -- |
Category average: the average of the 50 ELSS funds and the 38 Balanced Advantage funds, same plan type.
Edelweiss ELSS Tax saver vs LIC MF Balanced Advantage: Year-wise Returns
| Year | Edelweiss ELSS Tax saverEdelweiss ELSS Tax saver | LIC MF Balanced AdvantageLIC MF Balanced Advantage |
|---|---|---|
| 2026to date | −4.64% | −2.82% |
| 2025 | +8.48% | +4.80% |
| 2024 | +21.98% | +13.92% |
| 2023 | +28.87% | +15.21% |
| 2022 | +1.66% | +7.27% |
| 2021 | +32.57% | -- |
Edelweiss ELSS Tax saver vs LIC MF Balanced Advantage: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Edelweiss ELSS Tax saver Fund
Rolling returns
Every 3-year holding period, 481 of them, one for each trading day from 18-11-2024 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.
Edelweiss ELSS Tax saver Fund (Direct)
LIC MF Balanced Advantage Fund (Direct)
Nifty 500 TRI
to
Jan 2025May 2022
to
May 2025Sept 2022
to
Sept 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 | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Edelweiss ELSS Tax saver | 0.0 | 0.0 | 0.0 | 22.2 | 66.5 | 11.2 | 0.0 | 17.1% | 17.4% | 11.9% | 23.8% | 100% |
| LIC MF Balanced Advantage | 0.0 | 0.0 | 31.8 | 65.5 | 2.7 | 0.0 | 0.0 | 10.9% | 11.0% | 6.9% | 15.7% | 0% |
| Nifty 500 TRI | 0.0 | 0.0 | 4.0 | 37.8 | 52.2 | 6.0 | 0.0 | 15.3% | 15.4% | 8.8% | 22.3% | -- |
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. The benchmark is Nifty 500 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 15-11-2021. Past returns do not promise future returns.
Edelweiss ELSS Tax saver vs LIC MF 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 01-11-2021 to 30-10-2026: 60 instalments, ₹6,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Edelweiss ELSS Tax saverEdelweiss ELSS Tax saver Fund (Direct) | ₹6,00,000 | ₹7,74,730 | ₹1,74,730 | 10.2% |
| LIC MF Balanced AdvantageLIC MF Balanced Advantage Fund (Direct) | ₹6,00,000 | ₹6,99,947 | ₹99,947 | 6.1% |
Edelweiss ELSS Tax saverEdelweiss ELSS Tax saver Fund (Direct)
LIC MF Balanced AdvantageLIC MF 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.
Edelweiss ELSS Tax saver vs LIC MF Balanced Advantage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Edelweiss ELSS Tax saver Fund (Direct) | LIC MF Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.99% | −3.59% |
| Standard deviation | 14.49% | 9.78% |
| Sharpe ratio | -0.57 | -0.90 |
| Sortino ratio | -0.77 | -1.20 |
| Maximum drawdown | −13.4% (30-03-2026) | −8.9% (30-03-2026) |
| Beta | 0.99 | -- |
| Alpha | +4.27% | -- |
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 | Edelweiss ELSS Tax saver Fund (Direct) | LIC MF Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.22% | +7.58% |
| Standard deviation | 14.36% | 8.87% |
| Sharpe ratio | 0.50 | 0.18 |
| Sortino ratio | 0.68 | 0.24 |
| Maximum drawdown | −18.5% (03-03-2025) | −9.4% (30-03-2026) |
| Beta | 0.99 | -- |
| Alpha | +3.03% | -- |
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 | Edelweiss ELSS Tax saver Fund (Direct) | LIC MF Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.04% | +7.40% |
| Standard deviation | 15.43% | 8.20% |
| Sharpe ratio | 0.52 | 0.19 |
| Sortino ratio | 0.70 | 0.26 |
| Maximum drawdown | −36.8% (23-03-2020) | −9.4% (30-03-2026) |
| Beta | 0.94 | -- |
| Alpha | +1.50% | -- |
From daily NAVs, 24-01-2013 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.
Edelweiss ELSS Tax saver Fund (Direct)
LIC MF Balanced Advantage Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Edelweiss ELSS Tax saver Fund (Direct) | −18.5% | 26-09-2024 | 03-03-2025 | 12-11-2025 | 8 months | −7.5% |
| LIC MF Balanced Advantage Fund (Direct) | −9.4% | 27-06-2025 | 30-03-2026 | 03-08-2026 | 4 months | −6.7% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 15-11-2021, 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.
Edelweiss ELSS Tax saver Fund (Direct)
LIC MF Balanced Advantage Fund (Direct)
Nifty 500 TRI
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.
Edelweiss ELSS Tax saver Fund (Direct)
LIC MF Balanced Advantage Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Edelweiss ELSS Tax saver Fund (Direct) | 104% | 95% | 3.14% |
| LIC MF Balanced Advantage Fund (Direct) | 62% | 52% | 7.40% |
From month-end values since 15-11-2021. 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.
Edelweiss ELSS Tax saver vs LIC MF Balanced Advantage: Portfolio Overlap
From each fund's latest monthly portfolio: Edelweiss ELSS Tax saver Fund, September 2026; LIC MF Balanced Advantage Fund, September 2026
Holdings in common
- Overlap
- 30.1%
- Held by both
- 25
- Only in Edelweiss ELSS Tax saver
- 68
- Only in LIC MF Balanced Advantage
- 29
| Security | % of Edelweiss ELSS Tax saver | % of LIC MF Balanced Advantage |
|---|---|---|
| ICICI Bank Ltd. | 4.84% | 5.38% |
| Larsen & Toubro Ltd. | 2.94% | 2.46% |
| Multi Commodity Exchange Of India Ltd. | 2.41% | 2.02% |
| Shriram Finance Ltd. | 1.72% | 2.26% |
| Sun Pharmaceutical Industries Ltd. | 1.67% | 2.69% |
| Torrent Pharmaceuticals Ltd. | 1.65% | 1.95% |
| Mahindra & Mahindra Ltd. | 1.44% | 1.42% |
| Tata Consultancy Services Ltd. | 1.24% | 2.01% |
| Bharat Heavy Electricals Ltd. | 1.22% | 1.65% |
| Ultratech Cement Ltd. | 1.11% | 1.59% |
| Persistent Systems Ltd. | 1.00% | 1.53% |
| Karur Vysya Bank Ltd. | 1.48% | 0.97% |
| Coforge Ltd. | 0.97% | 2.01% |
| JSW Steel Ltd. | 1.10% | 0.96% |
| Neuland Laboratories Ltd. | 0.84% | 0.95% |
| Solar Industries India Ltd. | 0.72% | 2.22% |
| KEI Industries Ltd. | 0.71% | 1.67% |
| Divi's Laboratories Ltd. | 0.70% | 2.36% |
| Radico Khaitan Ltd. | 0.62% | 1.60% |
| Endurance Technologies Ltd. | 0.61% | 1.41% |
| PB Fintech Ltd. | 0.66% | 0.59% |
| Eternal Ltd. | 0.59% | 1.96% |
| Bajaj Finance Ltd. | 0.52% | 2.13% |
| Hindalco Industries Ltd. | 0.50% | 1.19% |
| CG Power and Industrial Solutions Ltd. | 0.47% | 1.65% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 30.1% means 30.1% 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 Edelweiss ELSS Tax saver Fund
| Security | % of fund |
|---|---|
| HDFC Bank Ltd. | 4.14% |
| Reliance Industries Ltd. | 3.81% |
| Bharti Airtel Ltd. | 3.45% |
| State Bank of India | 2.50% |
| Bharat Electronics Ltd. | 2.00% |
Largest holdings only in LIC MF Balanced Advantage Fund
| Security | % of fund |
|---|---|
| 7.43% Jamnagar Utilities & Power Pvt. Ltd. | 6.35% |
| Navin Fluorine International Ltd. | 3.75% |
| INDO-MIM Ltd. | 2.66% |
| 7.47% Reliance Industries Ltd. | 2.29% |
| AU Small Finance Bank Ltd. | 2.28% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Edelweiss ELSS Tax saver | LIC MF Balanced Advantage |
|---|---|---|
| Equity | 95.3% | 75.7% |
| Debt | 0.0% | 16.4% |
| Cash and others | 4.7% | 7.9% |
Market cap of stocks
| Market cap | Edelweiss ELSS Tax saver | LIC MF Balanced Advantage |
|---|---|---|
| Large Cap | 56.6% | 39.4% |
| Mid Cap | 17.7% | 23.6% |
| Small Cap | 20.8% | 10.0% |
| Not on AMFI's list | 0.2% | 2.7% |
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 | Edelweiss ELSS Tax saver | LIC MF Balanced Advantage |
|---|---|---|
| Banks | 19.0% | 8.6% |
| Electrical Equipment | 2.4% | 8.2% |
| Pharmaceuticals & Biotechnology | 7.0% | 8.0% |
| Chemicals & Petrochemicals | 0.7% | 7.6% |
| IT - Software | 7.3% | 6.5% |
| Finance | 6.9% | 4.4% |
| Capital Markets | 5.7% | 3.7% |
| Auto Components | 5.1% | 1.4% |
The six largest sectors of each fund's stocks, % of the fund.
Edelweiss ELSS Tax saver vs LIC MF Balanced Advantage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Edelweiss ELSS Tax saver Fund | LIC MF Balanced Advantage Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.94% | 1.44% |
| Base expense ratio (Direct) | 0.67% | 0.79% |
| Total expense ratio (Regular) | 2.57% | 2.86% |
| Base expense ratio (Regular) | 2.08% | 2.06% |
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 Edelweiss ELSS Tax saver with
Compare LIC MF Balanced Advantage with
- LIC MF Balanced Advantage vs quant Dynamic Asset Allocation
- LIC MF Balanced Advantage vs Aditya Birla Sun Life Balanced Advantage
- LIC MF Balanced Advantage vs Baroda BNP Paribas Balanced Advantage
- LIC MF Balanced Advantage vs Axis Balanced Advantage
- LIC MF Balanced Advantage vs WhiteOak Capital Balanced Advantage
Edelweiss ELSS Tax saver Fund vs LIC MF Balanced Advantage Fund: Frequently Asked Questions
What is the difference between Edelweiss ELSS Tax saver Fund and LIC MF Balanced Advantage Fund?
Edelweiss ELSS Tax saver Fund is an ELSS fund, LIC MF Balanced Advantage Fund is a Balanced Advantage fund, run by Edelweiss Mutual Fund and LIC Mutual Fund. Their portfolios overlap 30.1%. Edelweiss ELSS Tax saver Fund charges 0.94% a year and LIC MF Balanced Advantage Fund 1.44%.
Which has given higher returns, Edelweiss ELSS Tax saver Fund or LIC MF Balanced Advantage Fund?
Over 1 year: Edelweiss ELSS Tax saver Fund −2.99%, LIC MF Balanced Advantage Fund −3.59%. Over 3 years: Edelweiss ELSS Tax saver Fund +13.22% a year, LIC MF Balanced Advantage Fund +7.58% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Edelweiss ELSS Tax saver Fund or LIC MF Balanced Advantage Fund?
Edelweiss ELSS Tax saver Fund charges less: 0.94% a year against 1.44%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Edelweiss ELSS Tax saver Fund and LIC MF Balanced Advantage Fund overlap?
30.1%. They hold 25 of the same securities, the largest shared ones being ICICIBANK, LT, MCX. From each fund's latest monthly portfolio.
Which is riskier, Edelweiss ELSS Tax saver Fund or LIC MF Balanced Advantage Fund?
On SEBI's riskometer, Edelweiss ELSS Tax saver Fund is rated Very High and LIC MF Balanced Advantage Fund Very High. Over 3 years, the standard deviation of daily returns was 14.36% and 8.87% a year.
Which is better for SIP, Edelweiss ELSS Tax saver Fund or LIC MF Balanced Advantage Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,98,490 in Edelweiss ELSS Tax saver Fund (XIRR 4.8% a year) and ₹3,86,005 in LIC MF Balanced Advantage Fund (XIRR 2.7% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Edelweiss ELSS Tax saver Fund and LIC MF Balanced Advantage Fund?
Yes. 30.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Edelweiss ELSS Tax saver Fund and LIC MF Balanced Advantage Fund?
Edelweiss ELSS Tax saver Fund: Ashwani Agarwalla, Trideep Bhattacharya, Raj Koradia. LIC MF Balanced Advantage Fund: Mahesh Bendre, Rahul Singh.
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.