LIC MF Balanced Advantage Fund vs LIC MF Children's Fund
Direct Plan, Growth option · Data as on 30-10-2026
LIC MF Balanced Advantage Fund is a Balanced Advantage fund and LIC MF Children's Fund is a Solution fund. In the 3 years to 30-10-2026, LIC MF Balanced Advantage Fund (Direct) returned 7.6% a year and LIC MF Children's Fund (Direct) returned 7.9% a year. LIC MF Balanced Advantage Fund charges 1.44% a year and LIC MF Children's Fund 2.10% (Direct plans). Their portfolios overlap 26.9%: they hold 17 of the same securities.
LIC MF Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 7.6%
- Expense ratio
- 1.44%
- NAV
- ₹14.27
LIC MF Children's Fund
Solution
- 3 year return
- 7.9%
- Expense ratio
- 2.10%
- NAV
- ₹36.40
Which is better, LIC MF Balanced Advantage or LIC MF Children's? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- LIC MF Children's returned more over 3 years: 7.9% a year against 7.6%.
- LIC MF Children's returned more over 1 year: −1.5% against −3.6%.
- LIC MF Balanced Advantage costs less: 1.44% a year against 2.10% (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 −19.5%.
- LIC MF Balanced Advantage is the larger fund: ₹653 Cr against ₹16 Cr.
- Their portfolios overlap 26.9%: 17 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 | LIC MF Balanced Advantage Fund | LIC MF Children's Fund |
|---|---|---|
| Fund house | LIC Mutual Fund | LIC Mutual Fund |
| Category | Balanced Advantage | Solution |
| AUM | ₹653 Cr (30-09-2026) | ₹16 Cr (30-09-2026) |
| NAV | ₹14.27 (Direct) | ₹36.40 (Direct) |
| Expense ratio (Direct) | 1.44% | 2.10% |
| Expense ratio (Regular) | 2.86% | 2.84% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | CRISIL Hybrid 35+65 - Aggressive Index |
| Launch date | 12-11-2021 | 16-10-2001 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | 5 years, or until the child turns 18 if earlier |
| Fund managers | Mahesh Bendre, Rahul Singh | Siddharth Panjwani, Pratik Harish Shroff |
| Exit load | • 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 | Nil (Lock-in Period:- Lock-in-period for at least 5 years or till the child attains age of majority whichever is earlier |
LIC MF Balanced Advantage vs LIC MF Children's: 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 |
|---|---|---|---|---|---|---|---|
| LIC MF Balanced Advantage Fund (Direct) | −1.92% | −2.62% | +0.53% | −3.59% | +7.58% | -- | -- |
| LIC MF Children's Fund (Direct) | −3.64% | −4.27% | +2.42% | −1.53% | +7.86% | +6.90% | +7.97% |
| 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.
LIC MF Balanced Advantage vs LIC MF Children's: Year-wise Returns
| Year | Balanced AdvantageLIC MF Balanced Advantage | Children'sLIC MF Children's |
|---|---|---|
| 2026to date | −2.82% | −0.67% |
| 2025 | +4.80% | −4.19% |
| 2024 | +13.92% | +19.55% |
| 2023 | +15.21% | +22.65% |
| 2022 | +7.27% | −0.21% |
| 2021 | -- | +16.67% |
LIC MF Balanced Advantage vs LIC MF Children's: Rolling Returns
Every holding period of both funds
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.
LIC MF Balanced Advantage Fund (Direct)
LIC MF Children's Fund (Direct)
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% |
| LIC MF Children's | 0.0 | 0.0 | 18.5 | 76.9 | 4.6 | 0.0 | 0.0 | 11.5% | 11.3% | 6.8% | 16.0% |
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 15-11-2021. Past returns do not promise future returns.
LIC MF Balanced Advantage vs LIC MF Children's: 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 15-11-2021 to 30-10-2026: 60 instalments, ₹6,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| LIC MF Balanced AdvantageLIC MF Balanced Advantage Fund (Direct) | ₹6,00,000 | ₹6,99,947 | ₹99,947 | 6.1% |
| LIC MF Children'sLIC MF Children's Fund (Direct) | ₹6,00,000 | ₹7,06,564 | ₹1,06,564 | 6.5% |
LIC MF Balanced AdvantageLIC MF Balanced Advantage Fund (Direct)
LIC MF Children'sLIC MF Children's 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.
LIC MF Balanced Advantage vs LIC MF Children's: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | LIC MF Balanced Advantage Fund (Direct) | LIC MF Children's Fund (Direct) |
|---|---|---|
| Return (CAGR) | −3.59% | −1.53% |
| Standard deviation | 9.78% | 13.04% |
| Sharpe ratio | -0.90 | -0.52 |
| Sortino ratio | -1.20 | -0.71 |
| Maximum drawdown | −8.9% (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 | LIC MF Balanced Advantage Fund (Direct) | LIC MF Children's Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.58% | +7.86% |
| Standard deviation | 8.87% | 14.39% |
| Sharpe ratio | 0.18 | 0.13 |
| Sortino ratio | 0.24 | 0.17 |
| Maximum drawdown | −9.4% (30-03-2026) | −19.5% (03-03-2025) |
| 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 | LIC MF Balanced Advantage Fund (Direct) | LIC MF Children's Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.40% | +9.53% |
| Standard deviation | 8.20% | 12.97% |
| Sharpe ratio | 0.19 | 0.27 |
| Sortino ratio | 0.26 | 0.36 |
| Maximum drawdown | −9.4% (30-03-2026) | −31.2% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 15-11-2021 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.
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.
LIC MF Balanced Advantage Fund (Direct)
LIC MF Children's Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| LIC MF Balanced Advantage Fund (Direct) | −9.4% | 27-06-2025 | 30-03-2026 | 03-08-2026 | 4 months | −6.7% |
| LIC MF Children's Fund (Direct) | −19.5% | 17-12-2024 | 03-03-2025 | 11-08-2026 | 17 months | −8.2% |
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.
LIC MF Balanced Advantage Fund (Direct)
LIC MF Children's 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.
LIC MF Balanced Advantage Fund (Direct)
LIC MF Children's Fund (Direct)
LIC MF Balanced Advantage vs LIC MF Children's: Portfolio Overlap
From each fund's latest monthly portfolio: LIC MF Balanced Advantage Fund, September 2026; LIC MF Children's Fund, September 2026
Holdings in common
- Overlap
- 26.9%
- Held by both
- 17
- Only in LIC MF Balanced Advantage
- 37
- Only in LIC MF Children's
- 18
| Security | % of LIC MF Balanced Advantage | % of LIC MF Children's |
|---|---|---|
| Sun Pharmaceutical Industries Ltd. | 2.69% | 2.31% |
| Shriram Finance Ltd. | 2.26% | 2.25% |
| Solar Industries India Ltd. | 2.22% | 2.50% |
| Multi Commodity Exchange Of India Ltd. | 2.02% | 3.14% |
| Eternal Ltd. | 1.96% | 2.70% |
| Torrent Pharmaceuticals Ltd. | 1.95% | 3.20% |
| ICICI Bank Ltd. | 5.38% | 1.68% |
| Radico Khaitan Ltd. | 1.60% | 2.79% |
| Persistent Systems Ltd. | 1.53% | 2.95% |
| Hitachi Energy India Ltd. | 1.50% | 2.63% |
| Mahindra & Mahindra Ltd. | 1.42% | 3.00% |
| Kirloskar Oil Engines Ltd. | 1.41% | 1.47% |
| Endurance Technologies Ltd. | 1.41% | 3.37% |
| InterGlobe Aviation Ltd. | 1.65% | 1.26% |
| Neuland Laboratories Ltd. | 0.95% | 2.56% |
| Siemens Energy India Ltd. | 0.86% | 1.46% |
| Aster DM Quality Care Ltd. | 0.58% | 1.77% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 26.9% means 26.9% 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 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% |
| Larsen & Toubro Ltd. | 2.46% |
| Divi's Laboratories Ltd. | 2.36% |
Largest holdings only in LIC MF Children's Fund
| Security | % of fund |
|---|---|
| 7.38% Government of India | 9.80% |
| Ajanta Pharma Ltd. | 5.17% |
| Bajaj Auto Ltd. | 3.45% |
| Lumax Auto Technologies Ltd. | 3.23% |
| Cummins India Ltd. | 3.10% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | LIC MF Balanced Advantage | LIC MF Children's |
|---|---|---|
| Equity | 75.7% | 78.6% |
| Debt | 16.4% | 9.8% |
| Cash and others | 7.9% | 11.6% |
Market cap of stocks
| Market cap | LIC MF Balanced Advantage | LIC MF Children's |
|---|---|---|
| Large Cap | 39.4% | 34.9% |
| Mid Cap | 23.6% | 27.3% |
| Small Cap | 10.0% | 16.5% |
| Not on AMFI's list | 2.7% | 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 | LIC MF Balanced Advantage | LIC MF Children's |
|---|---|---|
| Pharmaceuticals & Biotechnology | 8.0% | 13.2% |
| Banks | 8.6% | 6.8% |
| Electrical Equipment | 8.2% | 8.2% |
| Chemicals & Petrochemicals | 7.6% | 2.5% |
| Auto Components | 1.4% | 6.6% |
| IT - Software | 6.5% | 4.2% |
| Automobiles | 2.3% | 6.5% |
| Industrial Products | 4.0% | 6.4% |
| Finance | 4.4% | 4.3% |
The six largest sectors of each fund's stocks, % of the fund.
LIC MF Balanced Advantage vs LIC MF Children's: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | LIC MF Balanced Advantage Fund | LIC MF Children's Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.44% | 2.10% |
| Base expense ratio (Direct) | 0.79% | 1.39% |
| Total expense ratio (Regular) | 2.86% | 2.84% |
| Base expense ratio (Regular) | 2.06% | 2.09% |
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 LIC MF Balanced Advantage with
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- LIC MF Balanced Advantage vs Axis Balanced Advantage
- LIC MF Balanced Advantage vs WhiteOak Capital Balanced Advantage
LIC MF Balanced Advantage Fund vs LIC MF Children's Fund: Frequently Asked Questions
What is the difference between LIC MF Balanced Advantage Fund and LIC MF Children's Fund?
LIC MF Balanced Advantage Fund is a Balanced Advantage fund, LIC MF Children's Fund is a Solution fund, run by LIC Mutual Fund. Their portfolios overlap 26.9%. LIC MF Balanced Advantage Fund charges 1.44% a year and LIC MF Children's Fund 2.10%.
Which has given higher returns, LIC MF Balanced Advantage Fund or LIC MF Children's Fund?
Over 1 year: LIC MF Balanced Advantage Fund −3.59%, LIC MF Children's Fund −1.53%. Over 3 years: LIC MF Balanced Advantage Fund +7.58% a year, LIC MF Children's Fund +7.86% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, LIC MF Balanced Advantage Fund or LIC MF Children's Fund?
LIC MF Balanced Advantage Fund charges less: 1.44% a year against 2.10%. These are the Direct plans' total expense ratios reported to AMFI.
How much do LIC MF Balanced Advantage Fund and LIC MF Children's Fund overlap?
26.9%. They hold 17 of the same securities, the largest shared ones being SUNPHARMA, SHRIRAMFIN, SOLARINDS. From each fund's latest monthly portfolio.
Which is riskier, LIC MF Balanced Advantage Fund or LIC MF Children's Fund?
On SEBI's riskometer, LIC MF Balanced Advantage Fund is rated Very High and LIC MF Children's Fund Very High. Over 3 years, the standard deviation of daily returns was 8.87% and 14.39% a year.
Which is better for SIP, LIC MF Balanced Advantage Fund or LIC MF Children's Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,86,005 in LIC MF Balanced Advantage Fund (XIRR 2.7% a year) and ₹3,84,790 in LIC MF Children's Fund (XIRR 2.5% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both LIC MF Balanced Advantage Fund and LIC MF Children's Fund?
Yes. 26.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages LIC MF Balanced Advantage Fund and LIC MF Children's Fund?
LIC MF Balanced Advantage Fund: Mahesh Bendre, Rahul Singh. LIC MF Children's Fund: Siddharth Panjwani, Pratik Harish Shroff.
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.