Nippon India Balanced Advantage Fund vs Nippon India Multi Cap 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 Cap Fund is a Multi Cap fund. In the 3 years to 30-10-2026, Nippon India Balanced Advantage Fund (Direct) returned 10.1% a year and Nippon India Multi Cap Fund (Direct) returned 11.9% a year. Nippon India Balanced Advantage Fund charges 0.89% a year and Nippon India Multi Cap Fund 0.89% (Direct plans). Their portfolios overlap 41.8%: they hold 42 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 Cap Fund
Multi Cap
- 3 year return
- 11.9%
- Expense ratio
- 0.89%
- NAV
- ₹309.72
Which is better, Nippon India Balanced Advantage or Nippon India Multi Cap? 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 Cap returned more over 5 years: 14.9% a year against 9.1%.
- Nippon India Multi Cap returned more over 3 years: 11.9% a year against 10.1%.
- Nippon India Balanced Advantage swung less over 3 years: a standard deviation of 8.0% a year against 14.3%.
- Nippon India Balanced Advantage fell less in its worst fall since 03-01-2013: −22.8% against −42.8%.
- Nippon India Multi Cap is the larger fund: ₹53,767 Cr against ₹9,532 Cr.
- Their portfolios overlap 41.8%: 42 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 Cap Fund |
|---|---|---|
| Fund house | Nippon India Mutual Fund | Nippon India Mutual Fund |
| Category | Balanced Advantage | Multi Cap |
| AUM | ₹9,532 Cr (30-09-2026) | ₹53,767 Cr (30-09-2026) |
| NAV | ₹203.40 (Direct) | ₹309.72 (Direct) |
| Expense ratio (Direct) | 0.89% | 0.89% |
| Expense ratio (Regular) | 1.99% | 1.62% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | NIFTY 500 Multicap 50:25:25 Total Return Index |
| Launch date | Not available | 28-03-2005 |
| Minimum investment | Not available | ₹100 |
| Lock in | Not available | None |
| Fund managers | Not available | Sailesh Raj Bhan, Yatin Matta |
| Exit load | Not available | For units more than 10% of the investments, an exit load of 1% if redeemed within 12 months. |
Nippon India Balanced Advantage vs Nippon India Multi Cap: 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 Cap Fund (Direct) | −3.06% | −7.39% | −5.16% | −8.14% | +11.87% | +14.92% | +14.86% |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | +9.91% |
| Multi Cap average | −2.65% | −3.95% | +1.99% | −1.14% | +13.54% | +12.56% | +14.55% |
Category average: the average of the 38 Balanced Advantage funds and the 33 Multi Cap funds, same plan type.
Nippon India Balanced Advantage vs Nippon India Multi Cap: Year-wise Returns
| Year | Balanced AdvantageNippon India Balanced Advantage | Multi CapNippon India Multi Cap |
|---|---|---|
| 2026to date | −1.58% | −6.44% |
| 2025 | +8.58% | +4.88% |
| 2024 | +14.36% | +26.85% |
| 2023 | +18.94% | +39.15% |
| 2022 | +6.54% | +14.97% |
| 2021 | +17.38% | +49.87% |
Nippon India Balanced Advantage vs Nippon India Multi Cap: Rolling Returns
Every holding period of both funds, against Nifty500 Multicap 50:25:25 TRI, the benchmark of Nippon India Multi Cap Fund
Rolling returns
Every 3-year holding period, 2,666 of them, one for each trading day from 04-01-2016 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 Cap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nippon India Balanced Advantage | 0.0 | 4.7 | 16.3 | 62.1 | 16.0 | 0.9 | 0.0 | 12.3% | 12.8% | 0.5% | 21.8% | 0% |
| Nippon India Multi Cap | 6.6 | 2.2 | 14.2 | 20.5 | 18.4 | 17.1 | 21.0 | 17.3% | 16.9% | −8.9% | 42.6% | 100% |
| Nifty500 Multicap 50:25:25 TRI | 0.0 | 0.0 | 0.0 | 12.7 | 49.4 | 36.3 | 1.5 | 19.0% | 18.9% | 10.1% | 26.3% | -- |
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 Nifty500 Multicap 50:25:25 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 03-01-2013. Past returns do not promise future returns.
Nippon India Balanced Advantage vs Nippon India Multi Cap: 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 03-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Nippon India Balanced AdvantageNippon India Balanced Advantage Fund (Direct) | ₹16,60,000 | ₹37,26,882 | ₹20,66,882 | 11.0% |
| Nippon India Multi CapNippon India Multi Cap Fund (Direct) | ₹16,60,000 | ₹52,34,670 | ₹35,74,670 | 15.3% |
Nippon India Balanced AdvantageNippon India Balanced Advantage Fund (Direct)
Nippon India Multi CapNippon India Multi Cap 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 Cap: 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 Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −1.36% | −8.14% |
| Standard deviation | 8.76% | 14.29% |
| Sharpe ratio | -0.75 | -0.94 |
| Sortino ratio | -1.01 | -1.24 |
| Maximum drawdown | −7.8% (30-03-2026) | −13.1% (31-03-2026) |
| Beta | -- | 0.94 |
| Alpha | -- | −2.81% |
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 Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.07% | +11.87% |
| Standard deviation | 7.99% | 14.32% |
| Sharpe ratio | 0.51 | 0.41 |
| Sortino ratio | 0.69 | 0.55 |
| Maximum drawdown | −8.6% (28-02-2025) | −18.6% (03-03-2025) |
| Beta | -- | 0.93 |
| Alpha | -- | +0.99% |
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 Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.08% | +14.92% |
| Standard deviation | 7.44% | 14.54% |
| Sharpe ratio | 0.44 | 0.63 |
| Sortino ratio | 0.60 | 0.84 |
| Maximum drawdown | −8.6% (28-02-2025) | −18.6% (03-03-2025) |
| Beta | -- | 0.94 |
| Alpha | -- | +4.68% |
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 Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.43% | +14.98% |
| Standard deviation | 11.09% | 16.54% |
| Sharpe ratio | 0.49 | 0.54 |
| Sortino ratio | 0.66 | 0.73 |
| Maximum drawdown | −22.8% (25-02-2016) | −42.8% (23-03-2020) |
| 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 Cap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
| 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) | −22.8% | 19-08-2015 | 25-02-2016 | 30-08-2016 | 6 months | −4.8% |
| Nippon India Multi Cap Fund (Direct) | −42.8% | 27-05-2019 | 23-03-2020 | 12-01-2021 | 10 months | −9.2% |
| Nifty500 Multicap 50:25:25 TRI | −19.8% | 26-09-2024 | 03-03-2025 | 03-08-2026 | 17 months | −8.0% |
From daily values since 03-01-2013, 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 Cap Fund (Direct)
Nifty500 Multicap 50:25:25 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.
Nippon India Balanced Advantage Fund (Direct)
Nippon India Multi Cap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
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 Cap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
Against Nifty500 Multicap 50:25:25 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Nippon India Balanced Advantage Fund (Direct) | 54% | 39% | 8.41% |
| Nippon India Multi Cap Fund (Direct) | 104% | 76% | 5.44% |
From month-end values since 03-01-2013. 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.
Nippon India Balanced Advantage vs Nippon India Multi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Nippon India Balanced Advantage Fund, September 2026; Nippon India Multi Cap Fund, September 2026
Holdings in common
- Overlap
- 41.8%
- Held by both
- 42
- Only in Nippon India Balanced Advantage
- 96
- Only in Nippon India Multi Cap
- 78
| Security | % of Nippon India Balanced Advantage | % of Nippon India Multi Cap |
|---|---|---|
| HDFC Bank Limited | 6.33% | 7.06% |
| ICICI Bank Limited | 5.56% | 2.97% |
| Axis Bank Limited | 2.58% | 5.07% |
| Infosys Limited | 2.30% | 3.06% |
| Larsen & Toubro Limited | 1.81% | 1.74% |
| NTPC Limited | 1.60% | 1.79% |
| Bajaj Finance Limited | 1.56% | 1.63% |
| Mahindra & Mahindra Limited | 2.03% | 1.35% |
| Reliance Industries Limited | 2.49% | 1.34% |
| Samvardhana Motherson International Limited | 1.24% | 1.70% |
| State Bank of India | 2.52% | 1.23% |
| FSN E-Commerce Ventures Limited | 1.02% | 1.19% |
| ITC Limited | 0.99% | 1.49% |
| Eternal Limited | 1.86% | 0.96% |
| Sai Life Sciences Limited | 0.89% | 1.13% |
| Sun Pharmaceutical Industries Limited | 0.77% | 0.91% |
| CG Power and Industrial Solutions Limited | 0.94% | 0.72% |
| Tata Power Company Limited | 0.71% | 1.08% |
| Jubilant Foodworks Limited | 0.69% | 1.49% |
| LG Electronics India Ltd | 0.65% | 0.92% |
| Swiggy Limited | 0.63% | 1.63% |
| AU Small Finance Bank Limited | 0.63% | 1.27% |
| NTPC Green Energy Limited | 0.62% | 0.70% |
| Devyani International Limited | 0.61% | 0.88% |
| GE Vernova T&D India Limited | 0.60% | 1.58% |
| Vedanta Aluminium Metal Limited | 0.58% | 0.56% |
| Avenue Supermarts Limited | 0.55% | 1.63% |
| United Breweries Limited | 0.55% | 0.65% |
| Gillette India Limited | 0.53% | 0.66% |
| Trent Limited | 0.52% | 0.82% |
| TVS Motor Company Limited | 0.90% | 0.47% |
| PB Fintech Limited | 0.47% | 0.69% |
| Balkrishna Industries Limited | 0.45% | 0.92% |
| IPCA Laboratories Limited | 0.85% | 0.44% |
| Page Industries Limited | 0.44% | 0.95% |
| SBI Life Insurance Company Limited | 0.71% | 0.43% |
| ABB India Limited | 0.43% | 0.45% |
| 3M India Limited | 0.44% | 0.34% |
| Kaynes Technology India Limited | 0.30% | 0.27% |
| Piramal Finance Limited | 0.80% | 0.26% |
| Lupin Limited | 0.24% | 0.72% |
| Blue Star Limited | 0.15% | 0.56% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 41.8% means 41.8% 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 |
|---|---|
| Bharti Airtel Limited | 2.32% |
| Kotak Mahindra Bank Limited | 2.27% |
| Cube Highways Trust-InvIT Fund | 1.56% |
| 7.48% National Bank For Agriculture and Rural Development | 1.56% |
| Muthoot Finance Limited | 1.31% |
Largest holdings only in Nippon India Multi Cap Fund
| Security | % of fund |
|---|---|
| Linde India Limited | 1.79% |
| Max Financial Services Limited | 1.51% |
| Kennametal India Limited | 1.40% |
| Multi Commodity Exchange of India Limited | 1.27% |
| Vesuvius India Limited | 1.19% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Nippon India Balanced Advantage | Nippon India Multi Cap |
|---|---|---|
| Equity | 71.7% | 99.3% |
| Debt | 18.6% | 0.0% |
| Cash and others | 9.7% | 0.7% |
Market cap of stocks
| Market cap | Nippon India Balanced Advantage | Nippon India Multi Cap |
|---|---|---|
| Large Cap | 52.5% | 43.5% |
| Mid Cap | 11.5% | 29.5% |
| Small Cap | 7.6% | 26.3% |
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 Cap |
|---|---|---|
| Banks | 19.9% | 17.6% |
| Retailing | 4.6% | 9.9% |
| Pharmaceuticals & Biotechnology | 3.6% | 7.9% |
| Consumer Durables | 0.8% | 6.9% |
| Leisure Services | 1.3% | 5.8% |
| Electrical Equipment | 2.6% | 5.0% |
| IT - Software | 4.2% | 5.0% |
| Finance | 4.1% | 3.0% |
| Automobiles | 3.6% | 1.8% |
The six largest sectors of each fund's stocks, % of the fund.
Nippon India Balanced Advantage vs Nippon India Multi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Nippon India Balanced Advantage Fund | Nippon India Multi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.89% | 0.89% |
| Base expense ratio (Direct) | 0.56% | 0.60% |
| Total expense ratio (Regular) | 1.99% | 1.62% |
| Base expense ratio (Regular) | 1.51% | 1.23% |
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
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Nippon India Balanced Advantage Fund vs Nippon India Multi Cap Fund: Frequently Asked Questions
What is the difference between Nippon India Balanced Advantage Fund and Nippon India Multi Cap Fund?
Nippon India Balanced Advantage Fund is a Balanced Advantage fund, Nippon India Multi Cap Fund is a Multi Cap fund, run by Nippon India Mutual Fund. Their portfolios overlap 41.8%. Nippon India Balanced Advantage Fund charges 0.89% a year and Nippon India Multi Cap Fund 0.89%.
Which has given higher returns, Nippon India Balanced Advantage Fund or Nippon India Multi Cap Fund?
Over 1 year: Nippon India Balanced Advantage Fund −1.36%, Nippon India Multi Cap Fund −8.14%. Over 3 years: Nippon India Balanced Advantage Fund +10.07% a year, Nippon India Multi Cap Fund +11.87% a year. Over 5 years: Nippon India Balanced Advantage Fund +9.08% a year, Nippon India Multi Cap Fund +14.92% 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 Cap Fund?
Both charge 0.89% a year.
How much do Nippon India Balanced Advantage Fund and Nippon India Multi Cap Fund overlap?
41.8%. They hold 42 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, AXISBANK. From each fund's latest monthly portfolio.
Which is better for SIP, Nippon India Balanced Advantage Fund or Nippon India Multi Cap 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 ₹8,13,687 in Nippon India Multi Cap Fund (XIRR 11.3% 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 Cap Fund?
Yes. 41.8% 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.