Nippon India Balanced Advantage Fund vs Nippon India Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Nippon India Balanced Advantage Fund is a Balanced Advantage fund and Nippon India Multi Asset Allocation Fund is a Multi Asset fund. In the 3 years to 30-10-2026, Nippon India Balanced Advantage Fund (Direct) returned 10.1% a year and Nippon India Multi Asset Allocation Fund (Direct) returned 18.0% a year. Nippon India Balanced Advantage Fund charges 0.89% a year and Nippon India Multi Asset Allocation Fund 0.48% (Direct plans). Their portfolios overlap 41.7%: they hold 66 of the same securities.
Nippon India Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 10.1%
- Expense ratio
- 0.89%
- NAV
- ₹203.40
Nippon India Multi Asset Allocation Fund
Multi Asset
- 3 year return
- 18.0%
- Expense ratio
- 0.48%
- NAV
- ₹25.81
Which is better, Nippon India Balanced Advantage or Nippon India 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.
- Nippon India Multi Asset Allocation returned more over 5 years: 13.8% a year against 9.1%.
- Nippon India Multi Asset Allocation returned more over 3 years: 18.0% a year against 10.1%.
- Nippon India Multi Asset Allocation costs less: 0.48% a year against 0.89% (Direct plans).
- Nippon India Balanced Advantage swung less over 3 years: a standard deviation of 8.0% a year against 10.0%.
- Nippon India Balanced Advantage fell less in its worst fall since 31-08-2020: −8.6% against −10.8%.
- Nippon India Multi Asset Allocation holds 4.5% of the fund in foreign stocks; Nippon India Balanced Advantage 0.0%.
- Nippon India Balanced Advantage holds more in large companies: 52.5% of the fund in large caps against 40.1%.
- Nippon India Multi Asset Allocation is the larger fund: ₹18,044 Cr against ₹9,532 Cr.
- Their portfolios overlap 41.7%: 66 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 | Nippon India Balanced Advantage Fund | Nippon India Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Nippon India Mutual Fund | Nippon India Mutual Fund |
| Category | Balanced Advantage | Multi Asset |
| AUM | ₹9,532 Cr (30-09-2026) | ₹18,044 Cr (30-09-2026) |
| NAV | ₹203.40 (Direct) | ₹25.81 (Direct) |
| Expense ratio (Direct) | 0.89% | 0.48% |
| Expense ratio (Regular) | 1.99% | 1.44% |
| Riskometer | Not available | Not available |
| Benchmark | Not available | Not available |
| Launch date | Not available | Not available |
| Minimum investment | Not available | Not available |
| Lock in | Not available | Not available |
| Fund managers | Not available | Not available |
| Exit load | Not available | Not available |
Nippon India Balanced Advantage vs Nippon India 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 |
|---|---|---|---|---|---|---|---|
| Nippon India Balanced Advantage Fund (Direct) | −0.47% | −3.59% | −0.09% | −1.36% | +10.07% | +9.08% | +10.59% |
| Nippon India Multi Asset Allocation Fund (Direct) | −2.06% | −3.53% | −1.74% | +3.05% | +17.96% | +13.83% | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | +9.91% |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | +14.20% | +12.56% | -- |
Category average: the average of the 38 Balanced Advantage funds and the 37 Multi Asset funds, same plan type.
Nippon India Balanced Advantage vs Nippon India Multi Asset Allocation: Year-wise Returns
| Year | Balanced AdvantageNippon India Balanced Advantage | Multi Asset AllocationNippon India Multi Asset Allocation |
|---|---|---|
| 2026to date | −1.58% | +0.43% |
| 2025 | +8.58% | +20.96% |
| 2024 | +14.36% | +20.14% |
| 2023 | +18.94% | +25.92% |
| 2022 | +6.54% | +4.63% |
| 2021 | +17.38% | +21.10% |
Nippon India Balanced Advantage vs Nippon India Multi Asset Allocation: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 777 of them, one for each trading day from 31-08-2023 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.
Nippon India Balanced Advantage Fund (Direct)
Nippon India Multi Asset Allocation Fund (Direct)
to
Dec 2023Jun 2021
to
Jun 2024Dec 2021
to
Dec 2024Jul 2022
to
Jul 2025Jan 2023
to
Jan 2026Jul 2023
to
Jul 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nippon India Balanced Advantage | 0.0 | 0.0 | 1.9 | 87.6 | 10.4 | 0.0 | 0.0 | 13.6% | 13.7% | 9.6% | 16.4% |
| Nippon India Multi Asset Allocation | 0.0 | 0.0 | 0.0 | 0.9 | 63.9 | 35.2 | 0.0 | 19.0% | 18.6% | 14.0% | 24.5% |
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 31-08-2020. Past returns do not promise future returns.
Nippon India Balanced Advantage vs Nippon India 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 03-08-2020 to 30-10-2026: 75 instalments, ₹7,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Nippon India Balanced AdvantageNippon India Balanced Advantage Fund (Direct) | ₹7,50,000 | ₹10,08,009 | ₹2,58,009 | 9.4% |
| Nippon India Multi Asset AllocationNippon India Multi Asset Allocation Fund (Direct) | ₹7,50,000 | ₹12,08,978 | ₹4,58,978 | 15.2% |
Nippon India Balanced AdvantageNippon India Balanced Advantage Fund (Direct)
Nippon India Multi Asset AllocationNippon India 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.
Nippon India Balanced Advantage vs Nippon India Multi Asset Allocation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Nippon India Balanced Advantage Fund (Direct) | Nippon India Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −1.36% | +3.05% |
| Standard deviation | 8.76% | 11.30% |
| Sharpe ratio | -0.75 | -0.19 |
| Sortino ratio | -1.01 | -0.26 |
| Maximum drawdown | −7.8% (30-03-2026) | −10.8% (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 | Nippon India Balanced Advantage Fund (Direct) | Nippon India Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.07% | +17.96% |
| Standard deviation | 7.99% | 10.00% |
| Sharpe ratio | 0.51 | 1.19 |
| Sortino ratio | 0.69 | 1.63 |
| Maximum drawdown | −8.6% (28-02-2025) | −10.8% (23-03-2026) |
| 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 | Nippon India Balanced Advantage Fund (Direct) | Nippon India Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.08% | +13.83% |
| Standard deviation | 7.44% | 9.50% |
| Sharpe ratio | 0.44 | 0.85 |
| Sortino ratio | 0.60 | 1.16 |
| Maximum drawdown | −8.6% (28-02-2025) | −10.8% (23-03-2026) |
| 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 | Nippon India Balanced Advantage Fund (Direct) | Nippon India Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.43% | +16.79% |
| Standard deviation | 11.09% | 9.40% |
| Sharpe ratio | 0.49 | 1.22 |
| Sortino ratio | 0.66 | 1.70 |
| Maximum drawdown | −22.8% (25-02-2016) | −10.8% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 03-01-2013 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.
Nippon India Balanced Advantage Fund (Direct)
Nippon India Multi Asset Allocation Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Nippon India Balanced Advantage Fund (Direct) | −8.6% | 26-09-2024 | 28-02-2025 | 26-05-2025 | 3 months | −4.8% |
| Nippon India Multi Asset Allocation Fund (Direct) | −10.8% | 29-01-2026 | 23-03-2026 | 06-08-2026 | 4 months | −7.0% |
From daily values since 31-08-2020, 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.
Nippon India Balanced Advantage Fund (Direct)
Nippon India Multi Asset Allocation 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.
Nippon India Balanced Advantage Fund (Direct)
Nippon India Multi Asset Allocation Fund (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.
Nippon India Balanced Advantage Fund (Direct)
Nippon India Multi Asset Allocation Fund (Direct)
Nippon India Balanced Advantage vs Nippon India Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Nippon India Balanced Advantage Fund, September 2026; Nippon India Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 41.7%
- Held by both
- 66
- Only in Nippon India Balanced Advantage
- 72
- Only in Nippon India Multi Asset Allocation
- 97
| Security | % of Nippon India Balanced Advantage | % of Nippon India Multi Asset Allocation |
|---|---|---|
| ICICI Bank Limited | 5.56% | 3.44% |
| HDFC Bank Limited | 6.33% | 3.25% |
| Axis Bank Limited | 2.58% | 2.42% |
| State Bank of India | 2.52% | 1.69% |
| Eternal Limited | 1.86% | 1.65% |
| Reliance Industries Limited | 2.49% | 1.49% |
| Mahindra & Mahindra Limited | 2.03% | 1.44% |
| Infosys Limited | 2.30% | 1.35% |
| Kotak Mahindra Bank Limited | 2.27% | 1.16% |
| NTPC Limited | 1.60% | 1.14% |
| Hindustan Unilever Limited | 1.01% | 1.33% |
| Muthoot Finance Limited | 1.31% | 0.89% |
| Hindustan Aeronautics Limited | 0.84% | 1.35% |
| Sun Pharmaceutical Industries Limited | 0.77% | 0.75% |
| Jubilant Foodworks Limited | 0.69% | 0.76% |
| Varun Beverages Limited | 0.68% | 1.05% |
| LG Electronics India Ltd | 0.65% | 0.96% |
| Swiggy Limited | 0.63% | 0.81% |
| Bharti Airtel Limited | 2.32% | 0.61% |
| Devyani International Limited | 0.61% | 0.65% |
| 7.67% State Government Securities | 0.66% | 0.56% |
| 7.28% REC Limited | 0.62% | 0.55% |
| Avenue Supermarts Limited | 0.55% | 1.01% |
| 7.79% Bajaj Finance Limited | 0.76% | 0.53% |
| Vedanta Aluminium Metal Limited | 0.58% | 0.53% |
| 7.17% Government of India | 0.53% | 0.53% |
| Trent Limited | 0.52% | 1.24% |
| Cube Highways Trust-InvIT Fund | 1.56% | 0.49% |
| ITC Limited | 0.99% | 0.49% |
| Piramal Finance Limited | 0.80% | 0.48% |
| Godrej Consumer Products Limited | 0.85% | 0.47% |
| Balkrishna Industries Limited | 0.45% | 0.48% |
| InterGlobe Aviation Limited | 0.99% | 0.43% |
| 8.15% Tata Capital Limited | 0.79% | 0.41% |
| GE Vernova T&D India Limited | 0.60% | 0.41% |
| 7.29% Small Industries Dev Bank of India | 0.60% | 0.41% |
| Bajaj Finance Limited | 1.56% | 0.40% |
| IndiGrid Infrastructure Trust | 0.44% | 0.40% |
| Kirloskar Oil Engines Limited | 0.39% | 0.38% |
| Tech Mahindra Limited | 0.63% | 0.37% |
| Samvardhana Motherson International Limited | 1.24% | 0.35% |
| Mankind Pharma Limited | 0.50% | 0.35% |
| United Spirits Limited | 0.45% | 0.34% |
| Coforge Limited | 0.37% | 0.34% |
| Knowledge Realty Trust | 0.34% | 0.72% |
| FSN E-Commerce Ventures Limited | 1.02% | 0.32% |
| NTPC Green Energy Limited | 0.62% | 0.31% |
| 7.48% National Bank For Agriculture and Rural Development | 1.56% | 0.28% |
| Sai Life Sciences Limited | 0.89% | 0.27% |
| 8.75% Vedanta Limited | 0.26% | 0.42% |
| Muthoot Finance Limited | 0.26% | 0.55% |
| Hero Fincorp Limited | 0.26% | 0.28% |
| Tata Capital Limited | 0.26% | 0.28% |
| PB Fintech Limited | 0.47% | 0.24% |
| HDFC Asset Management Company Limited | 0.24% | 1.23% |
| Raajmarg Infra Investment Trust | 0.46% | 0.23% |
| 8.15% JIO Credit Limited | 0.52% | 0.22% |
| Kaynes Technology India Limited | 0.30% | 0.21% |
| 7.55% L&T Metro Rail (Hyderabad) Limited | 0.51% | 0.19% |
| Global Health Limited | 0.30% | 0.18% |
| Prestige Estates Projects Limited | 0.39% | 0.15% |
| Mahindra & Mahindra Financial Services Limited | 0.26% | 0.14% |
| L&T Finance Limited | 0.11% | 0.26% |
| National Highways Infra Trust | 0.37% | 0.05% |
| National Highways Infra Trust | 0.14% | 0.05% |
| 8.95% Vedanta Limited | 0.05% | 0.58% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 41.7% means 41.7% 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 Nippon India Balanced Advantage Fund
| Security | % of fund |
|---|---|
| Larsen & Toubro Limited | 1.81% |
| Mindspace Business Parks REIT | 1.15% |
| Pine Labs Limited | 0.98% |
| CG Power and Industrial Solutions Limited | 0.94% |
| TVS Motor Company Limited | 0.90% |
Largest holdings only in Nippon India Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| Nippon India ETF Gold Bees | 7.94% |
| Nippon India Silver ETF | 2.70% |
| Info Edge (India) Limited | 1.42% |
| HDFC Life Insurance Company Limited | 1.27% |
| 364 Days Tbill | 1.10% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Nippon India Balanced Advantage | Nippon India Multi Asset Allocation |
|---|---|---|
| Equity | 71.7% | 62.0% |
| Debt | 18.6% | 18.6% |
| Cash and others | 9.7% | 19.3% |
Market cap of stocks
| Market cap | Nippon India Balanced Advantage | Nippon India Multi Asset Allocation |
|---|---|---|
| Large Cap | 52.5% | 40.1% |
| Mid Cap | 11.5% | 10.3% |
| Small Cap | 7.6% | 7.0% |
| Foreign stocks | 0.0% | 4.5% |
| Not on AMFI's list | 0.0% | 0.2% |
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 | Nippon India Balanced Advantage | Nippon India Multi Asset Allocation |
|---|---|---|
| Banks | 19.9% | 12.3% |
| Retailing | 4.6% | 6.6% |
| Other | 0.0% | 4.5% |
| IT - Software | 4.2% | 2.2% |
| Finance | 4.1% | 3.1% |
| Automobiles | 3.6% | 3.0% |
| Pharmaceuticals & Biotechnology | 3.6% | 1.7% |
| Consumer Durables | 0.8% | 3.0% |
The six largest sectors of each fund's stocks, % of the fund.
Nippon India Balanced Advantage vs Nippon India Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Nippon India Balanced Advantage Fund | Nippon India Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.89% | 0.48% |
| Base expense ratio (Direct) | 0.56% | 0.30% |
| Total expense ratio (Regular) | 1.99% | 1.44% |
| Base expense ratio (Regular) | 1.51% | 1.14% |
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 Nippon India Balanced Advantage with
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Compare Nippon India Multi Asset Allocation with
Nippon India Balanced Advantage Fund vs Nippon India Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Nippon India Balanced Advantage Fund and Nippon India Multi Asset Allocation Fund?
Nippon India Balanced Advantage Fund is a Balanced Advantage fund, Nippon India Multi Asset Allocation Fund is a Multi Asset fund, run by Nippon India Mutual Fund. Their portfolios overlap 41.7%. Nippon India Balanced Advantage Fund charges 0.89% a year and Nippon India Multi Asset Allocation Fund 0.48%.
Which has given higher returns, Nippon India Balanced Advantage Fund or Nippon India Multi Asset Allocation Fund?
Over 1 year: Nippon India Balanced Advantage Fund −1.36%, Nippon India Multi Asset Allocation Fund +3.05%. Over 3 years: Nippon India Balanced Advantage Fund +10.07% a year, Nippon India Multi Asset Allocation Fund +17.96% a year. Over 5 years: Nippon India Balanced Advantage Fund +9.08% a year, Nippon India Multi Asset Allocation Fund +13.83% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Nippon India Balanced Advantage Fund or Nippon India Multi Asset Allocation Fund?
Nippon India Multi Asset Allocation Fund charges less: 0.48% a year against 0.89%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Nippon India Balanced Advantage Fund and Nippon India Multi Asset Allocation Fund overlap?
41.7%. They hold 66 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, AXISBANK. From each fund's latest monthly portfolio.
Which is better for SIP, Nippon India Balanced Advantage Fund or Nippon India Multi Asset Allocation Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,54,281 in Nippon India Balanced Advantage Fund (XIRR 8.3% a year) and ₹8,84,142 in Nippon India Multi Asset Allocation Fund (XIRR 14.6% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Nippon India Balanced Advantage Fund and Nippon India Multi Asset Allocation Fund?
Yes. 41.7% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
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.