Edelweiss Flexi Cap Fund vs LIC MF Balanced Advantage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Edelweiss Flexi Cap Fund is a Flexi Cap fund and LIC MF Balanced Advantage Fund is a Balanced Advantage fund. In the 3 years to 30-10-2026, Edelweiss Flexi Cap Fund (Direct) returned 14.0% a year and LIC MF Balanced Advantage Fund (Direct) returned 7.6% a year. Edelweiss Flexi Cap Fund charges 0.76% a year and LIC MF Balanced Advantage Fund 1.44% (Direct plans). Their portfolios overlap 32.3%: they hold 27 of the same securities.
Edelweiss Flexi Cap Fund
Flexi Cap
- 3 year return
- 14.0%
- Expense ratio
- 0.76%
- NAV
- ₹43.33
LIC MF Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 7.6%
- Expense ratio
- 1.44%
- NAV
- ₹14.27
Which is better, Edelweiss Flexi Cap 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 Flexi Cap returned more over 3 years: 14.0% a year against 7.6%.
- LIC MF Balanced Advantage returned more over 1 year: −3.6% against −5.4%.
- Edelweiss Flexi Cap costs less: 0.76% 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 14.5%.
- LIC MF Balanced Advantage fell less in its worst fall since 15-11-2021: −9.4% against −19.0%.
- Edelweiss Flexi Cap holds more in large companies: 60.3% of the fund in large caps against 39.4%.
- Edelweiss Flexi Cap is the larger fund: ₹3,509 Cr against ₹653 Cr.
- Their portfolios overlap 32.3%: 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 | Edelweiss Flexi Cap Fund | LIC MF Balanced Advantage Fund |
|---|---|---|
| Fund house | Edelweiss Mutual Fund | LIC Mutual Fund |
| Category | Flexi Cap | Balanced Advantage |
| AUM | ₹3,509 Cr (30-09-2026) | ₹653 Cr (30-09-2026) |
| NAV | ₹43.33 (Direct) | ₹14.27 (Direct) |
| Expense ratio (Direct) | 0.76% | 1.44% |
| Expense ratio (Regular) | 2.14% | 2.86% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | NIFTY 50 Hybrid Composite Debt 50:50 Index |
| Launch date | 03-02-2015 | 12-11-2021 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Trideep Bhattacharya, Ashwani Agarwalla, Mehul Dalmia | Mahesh Bendre, Rahul Singh |
| Exit load | Exit load of 1%, if redeemed within 90 days. | • 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 Flexi Cap 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 Flexi Cap Fund (Direct) | −0.47% | −5.28% | −2.09% | −5.42% | +13.98% | +11.55% | -- |
| LIC MF Balanced Advantage Fund (Direct) | −1.92% | −2.62% | +0.53% | −3.59% | +7.58% | -- | -- |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | +12.37% | +10.04% | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | -- | -- |
Category average: the average of the 46 Flexi Cap funds and the 38 Balanced Advantage funds, same plan type.
Edelweiss Flexi Cap vs LIC MF Balanced Advantage: Year-wise Returns
| Year | Edelweiss Flexi CapEdelweiss Flexi Cap | LIC MF Balanced AdvantageLIC MF Balanced Advantage |
|---|---|---|
| 2026to date | −6.69% | −2.82% |
| 2025 | +6.95% | +4.80% |
| 2024 | +27.35% | +13.92% |
| 2023 | +31.38% | +15.21% |
| 2022 | +2.44% | +7.27% |
| 2021 | +37.07% | -- |
Edelweiss Flexi Cap vs LIC MF Balanced Advantage: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Edelweiss Flexi Cap 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 Flexi Cap 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 Flexi Cap | 0.0 | 0.0 | 0.0 | 7.7 | 51.1 | 38.0 | 3.1 | 19.1% | 19.4% | 12.7% | 26.3% | 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 Flexi Cap 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 Flexi CapEdelweiss Flexi Cap Fund (Direct) | ₹6,00,000 | ₹7,80,359 | ₹1,80,359 | 10.5% |
| LIC MF Balanced AdvantageLIC MF Balanced Advantage Fund (Direct) | ₹6,00,000 | ₹6,99,947 | ₹99,947 | 6.1% |
Edelweiss Flexi CapEdelweiss Flexi Cap 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 Flexi Cap 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 Flexi Cap Fund (Direct) | LIC MF Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.42% | −3.59% |
| Standard deviation | 14.13% | 9.78% |
| Sharpe ratio | -0.76 | -0.90 |
| Sortino ratio | -1.01 | -1.20 |
| Maximum drawdown | −13.5% (23-03-2026) | −8.9% (30-03-2026) |
| Beta | 0.97 | -- |
| Alpha | +1.54% | -- |
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 Flexi Cap Fund (Direct) | LIC MF Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.98% | +7.58% |
| Standard deviation | 14.54% | 8.87% |
| Sharpe ratio | 0.55 | 0.18 |
| Sortino ratio | 0.75 | 0.24 |
| Maximum drawdown | −19.0% (28-02-2025) | −9.4% (30-03-2026) |
| Beta | 1.00 | -- |
| Alpha | +3.75% | -- |
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 Flexi Cap Fund (Direct) | LIC MF Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.74% | +7.40% |
| Standard deviation | 15.66% | 8.20% |
| Sharpe ratio | 0.66 | 0.19 |
| Sortino ratio | 0.89 | 0.26 |
| Maximum drawdown | −36.1% (23-03-2020) | −9.4% (30-03-2026) |
| Beta | 0.96 | -- |
| Alpha | +2.66% | -- |
From daily NAVs, 28-11-2016 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 Flexi Cap 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 Flexi Cap Fund (Direct) | −19.0% | 26-09-2024 | 28-02-2025 | 01-01-2026 | 10 months | −7.6% |
| 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 Flexi Cap 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 Flexi Cap Fund (Direct)
LIC MF Balanced Advantage Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Edelweiss Flexi Cap Fund (Direct) | 107% | 94% | 3.27% |
| 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 Flexi Cap vs LIC MF Balanced Advantage: Portfolio Overlap
From each fund's latest monthly portfolio: Edelweiss Flexi Cap Fund, September 2026; LIC MF Balanced Advantage Fund, September 2026
Holdings in common
- Overlap
- 32.3%
- Held by both
- 27
- Only in Edelweiss Flexi Cap
- 67
- Only in LIC MF Balanced Advantage
- 27
| Security | % of Edelweiss Flexi Cap | % of LIC MF Balanced Advantage |
|---|---|---|
| ICICI Bank Ltd. | 5.18% | 5.38% |
| Larsen & Toubro Ltd. | 3.70% | 2.46% |
| Divi's Laboratories Ltd. | 2.04% | 2.36% |
| Ultratech Cement Ltd. | 1.72% | 1.59% |
| Shriram Finance Ltd. | 1.59% | 2.26% |
| Bajaj Finance Ltd. | 1.47% | 2.13% |
| Multi Commodity Exchange Of India Ltd. | 1.46% | 2.02% |
| Mahindra & Mahindra Ltd. | 1.92% | 1.42% |
| Radico Khaitan Ltd. | 1.19% | 1.60% |
| Eternal Ltd. | 1.14% | 1.96% |
| Torrent Pharmaceuticals Ltd. | 1.06% | 1.95% |
| AU Small Finance Bank Ltd. | 1.05% | 2.28% |
| Solar Industries India Ltd. | 1.00% | 2.22% |
| KEI Industries Ltd. | 1.00% | 1.67% |
| Persistent Systems Ltd. | 0.99% | 1.53% |
| Karur Vysya Bank Ltd. | 1.51% | 0.97% |
| Coforge Ltd. | 0.95% | 2.01% |
| Tata Consultancy Services Ltd. | 0.79% | 2.01% |
| Hindalco Industries Ltd. | 0.75% | 1.19% |
| Eicher Motors Ltd. | 0.69% | 0.86% |
| Sun Pharmaceutical Industries Ltd. | 0.69% | 2.69% |
| CG Power and Industrial Solutions Ltd. | 0.68% | 1.65% |
| Navin Fluorine International Ltd. | 0.59% | 3.75% |
| Bharat Heavy Electricals Ltd. | 0.54% | 1.65% |
| Endurance Technologies Ltd. | 0.51% | 1.41% |
| Thermax Ltd. | 0.37% | 1.43% |
| PB Fintech Ltd. | 0.17% | 0.59% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 32.3% means 32.3% 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 Edelweiss Flexi Cap Fund
| Security | % of fund |
|---|---|
| HDFC Bank Ltd. | 4.99% |
| Reliance Industries Ltd. | 3.60% |
| Tata Steel Ltd. | 2.20% |
| State Bank of India | 1.99% |
| NTPC Ltd. | 1.86% |
Largest holdings only in LIC MF Balanced Advantage Fund
| Security | % of fund |
|---|---|
| 7.43% Jamnagar Utilities & Power Pvt. Ltd. | 6.35% |
| INDO-MIM Ltd. | 2.66% |
| 7.47% Reliance Industries Ltd. | 2.29% |
| 7.79% Bajaj Finance Ltd. | 2.25% |
| Info Edge (India) Ltd. | 2.16% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Edelweiss Flexi Cap | LIC MF Balanced Advantage |
|---|---|---|
| Equity | 95.2% | 75.7% |
| Debt | 0.0% | 16.4% |
| Cash and others | 4.8% | 7.9% |
Market cap of stocks
| Market cap | Edelweiss Flexi Cap | LIC MF Balanced Advantage |
|---|---|---|
| Large Cap | 60.3% | 39.4% |
| Mid Cap | 23.1% | 23.6% |
| Small Cap | 11.7% | 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 Flexi Cap | LIC MF Balanced Advantage |
|---|---|---|
| Banks | 22.1% | 8.6% |
| Electrical Equipment | 2.1% | 8.2% |
| Pharmaceuticals & Biotechnology | 5.1% | 8.0% |
| Chemicals & Petrochemicals | 1.6% | 7.6% |
| IT - Software | 6.1% | 6.5% |
| Automobiles | 6.2% | 2.3% |
| Finance | 6.0% | 4.4% |
| Auto Components | 4.0% | 1.4% |
The six largest sectors of each fund's stocks, % of the fund.
Edelweiss Flexi Cap vs LIC MF Balanced Advantage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Edelweiss Flexi Cap Fund | LIC MF Balanced Advantage Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.76% | 1.44% |
| Base expense ratio (Direct) | 0.45% | 0.79% |
| Total expense ratio (Regular) | 2.14% | 2.86% |
| Base expense ratio (Regular) | 1.63% | 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
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Compare Edelweiss Flexi Cap with
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Edelweiss Flexi Cap Fund vs LIC MF Balanced Advantage Fund: Frequently Asked Questions
What is the difference between Edelweiss Flexi Cap Fund and LIC MF Balanced Advantage Fund?
Edelweiss Flexi Cap Fund is a Flexi Cap fund, LIC MF Balanced Advantage Fund is a Balanced Advantage fund, run by Edelweiss Mutual Fund and LIC Mutual Fund. Their portfolios overlap 32.3%. Edelweiss Flexi Cap Fund charges 0.76% a year and LIC MF Balanced Advantage Fund 1.44%.
Which has given higher returns, Edelweiss Flexi Cap Fund or LIC MF Balanced Advantage Fund?
Over 1 year: Edelweiss Flexi Cap Fund −5.42%, LIC MF Balanced Advantage Fund −3.59%. Over 3 years: Edelweiss Flexi Cap Fund +13.98% 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 Flexi Cap Fund or LIC MF Balanced Advantage Fund?
Edelweiss Flexi Cap Fund charges less: 0.76% a year against 1.44%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Edelweiss Flexi Cap Fund and LIC MF Balanced Advantage Fund overlap?
32.3%. They hold 27 of the same securities, the largest shared ones being ICICIBANK, LT, DIVISLAB. From each fund's latest monthly portfolio.
Which is riskier, Edelweiss Flexi Cap Fund or LIC MF Balanced Advantage Fund?
On SEBI's riskometer, Edelweiss Flexi Cap Fund is rated Very High and LIC MF Balanced Advantage Fund Very High. Over 3 years, the standard deviation of daily returns was 14.54% and 8.87% a year.
Which is better for SIP, Edelweiss Flexi Cap 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 ₹3,92,356 in Edelweiss Flexi Cap Fund (XIRR 3.8% 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 Flexi Cap Fund and LIC MF Balanced Advantage Fund?
Yes. 32.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Edelweiss Flexi Cap Fund and LIC MF Balanced Advantage Fund?
Edelweiss Flexi Cap Fund: Trideep Bhattacharya, Ashwani Agarwalla, Mehul Dalmia. 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.