NJ Balanced Advantage Fund vs NJ ELSS Tax Saver Fund
Direct Plan, Growth option · Data as on 30-10-2026
NJ Balanced Advantage Fund is a Balanced Advantage fund and NJ ELSS Tax Saver Fund is an ELSS fund. In the 3 years to 30-10-2026, NJ Balanced Advantage Fund (Direct) returned 7.7% a year and NJ ELSS Tax Saver Fund (Direct) returned 8.2% a year. NJ Balanced Advantage Fund charges 1.10% a year and NJ ELSS Tax Saver Fund 0.77% (Direct plans). Their portfolios overlap 28.6%: they hold 19 of the same securities.
NJ Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 7.7%
- Expense ratio
- 1.10%
- NAV
- ₹14.13
Which is better, NJ Balanced Advantage or NJ ELSS Tax Saver? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- NJ ELSS Tax Saver returned more over 3 years: 8.2% a year against 7.7%.
- NJ Balanced Advantage returned more over 1 year: −1.5% against −7.1%.
- NJ ELSS Tax Saver costs less: 0.77% a year against 1.10% (Direct plans).
- NJ Balanced Advantage swung less over 3 years: a standard deviation of 8.3% a year against 14.1%.
- NJ Balanced Advantage fell less in its worst fall since 19-06-2023: −14.8% against −22.8%.
- NJ Balanced Advantage holds more in large companies: 56.7% of the fund in large caps against 25.8%.
- Their portfolios overlap 28.6%: 19 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 | NJ Balanced Advantage Fund | NJ ELSS Tax Saver Fund |
|---|---|---|
| Fund house | NJ Mutual Fund | NJ Mutual Fund |
| Category | Balanced Advantage | ELSS |
| AUM | Not available | Not available |
| NAV | ₹14.13 (Direct) | ₹13.83 (Direct) |
| Expense ratio (Direct) | 1.10% | 0.77% |
| Expense ratio (Regular) | 2.39% | 2.54% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | Nifty 500 TRI |
| Launch date | 29-10-2021 | 16-06-2023 |
| Minimum investment | ₹500 | ₹500 |
| Lock in | None | 3 years |
| Fund managers | Dhaval Patel, Viral Shah, Jaimin Ilavia | Dhaval Patel, Viral Shah, Jaimin Ilavia |
| Exit load | Nil | Nil |
NJ Balanced Advantage vs NJ ELSS Tax Saver: 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 |
|---|---|---|---|---|---|---|---|
| NJ Balanced Advantage Fund (Direct) | −0.49% | −3.81% | +0.57% | −1.53% | +7.67% | -- | -- |
| NJ ELSS Tax Saver Fund (Direct) | −3.29% | −7.80% | −2.95% | −7.06% | +8.23% | -- | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | -- | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | -- | -- |
Category average: the average of the 38 Balanced Advantage funds and the 50 ELSS funds, same plan type.
NJ Balanced Advantage vs NJ ELSS Tax Saver: Year-wise Returns
| Year | Balanced AdvantageNJ Balanced Advantage | ELSS Tax SaverNJ ELSS Tax Saver |
|---|---|---|
| 2026to date | −2.08% | −5.92% |
| 2025 | +2.78% | −2.78% |
| 2024 | +11.52% | +15.86% |
| 2023 | +24.53% | -- |
| 2022 | +1.10% | -- |
NJ Balanced Advantage vs NJ ELSS Tax Saver: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of NJ ELSS Tax Saver Fund
Rolling returns
Every 3-year holding period, 91 of them, one for each trading day from 19-06-2026 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.
NJ Balanced Advantage Fund (Direct)
NJ ELSS Tax Saver Fund (Direct)
Nifty 500 TRI
to
Jun 2026Jul 2023
to
Jul 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NJ Balanced Advantage | 0.0 | 0.0 | 63.7 | 36.3 | 0.0 | 0.0 | 0.0 | 9.1% | 9.8% | 7.1% | 10.6% | 0% |
| NJ ELSS Tax Saver | 0.0 | 0.0 | 39.6 | 60.4 | 0.0 | 0.0 | 0.0 | 11.0% | 11.9% | 7.6% | 13.9% | 16% |
| Nifty 500 TRI | 0.0 | 0.0 | 22.0 | 78.0 | 0.0 | 0.0 | 0.0 | 11.7% | 12.1% | 8.8% | 14.1% | -- |
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 19-06-2023. Past returns do not promise future returns.
NJ Balanced Advantage vs NJ ELSS Tax Saver: 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 01-06-2023 to 30-10-2026: 41 instalments, ₹4,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| NJ Balanced AdvantageNJ Balanced Advantage Fund (Direct) | ₹4,10,000 | ₹4,32,278 | ₹22,278 | 3.1% |
| NJ ELSS Tax SaverNJ ELSS Tax Saver Fund (Direct) | ₹4,10,000 | ₹4,14,559 | ₹4,559 | 0.6% |
NJ Balanced AdvantageNJ Balanced Advantage Fund (Direct)
NJ ELSS Tax SaverNJ ELSS Tax Saver 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.
NJ Balanced Advantage vs NJ ELSS Tax Saver: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | NJ Balanced Advantage Fund (Direct) | NJ ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | −1.53% | −7.06% |
| Standard deviation | 7.76% | 12.80% |
| Sharpe ratio | -0.87 | -0.96 |
| Sortino ratio | -1.14 | -1.25 |
| Maximum drawdown | −8.7% (30-03-2026) | −12.4% (23-03-2026) |
| Beta | -- | 0.81 |
| Alpha | -- | −2.16% |
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 | NJ Balanced Advantage Fund (Direct) | NJ ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.67% | +8.23% |
| Standard deviation | 8.26% | 14.09% |
| Sharpe ratio | 0.20 | 0.16 |
| Sortino ratio | 0.27 | 0.21 |
| Maximum drawdown | −14.8% (07-04-2025) | −22.8% (04-03-2025) |
| Beta | -- | 0.87 |
| Alpha | -- | −1.45% |
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 | NJ Balanced Advantage Fund (Direct) | NJ ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.15% | +10.05% |
| Standard deviation | 8.02% | 13.65% |
| Sharpe ratio | 0.17 | 0.29 |
| Sortino ratio | 0.22 | 0.39 |
| Maximum drawdown | −14.8% (07-04-2025) | −22.8% (04-03-2025) |
| Beta | -- | 0.87 |
| Alpha | -- | +0.10% |
From daily NAVs, 01-11-2021 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.
NJ Balanced Advantage Fund (Direct)
NJ ELSS Tax Saver Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| NJ Balanced Advantage Fund (Direct) | −14.8% | 03-09-2024 | 07-04-2025 | Not yet | -- | −7.0% |
| NJ ELSS Tax Saver Fund (Direct) | −22.8% | 26-09-2024 | 04-03-2025 | Not yet | -- | −16.8% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 19-06-2023, 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.
NJ Balanced Advantage Fund (Direct)
NJ ELSS Tax Saver 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.
NJ Balanced Advantage Fund (Direct)
NJ ELSS Tax Saver Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| NJ Balanced Advantage Fund (Direct) | 62% | 49% | 7.50% |
| NJ ELSS Tax Saver Fund (Direct) | 94% | 91% | 6.29% |
From month-end values since 19-06-2023. 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.
NJ Balanced Advantage vs NJ ELSS Tax Saver: Portfolio Overlap
From each fund's latest monthly portfolio: NJ Balanced Advantage Fund, September 2026; NJ ELSS Tax Saver Fund, September 2026
Holdings in common
- Overlap
- 28.6%
- Held by both
- 19
- Only in NJ Balanced Advantage
- 122
- Only in NJ ELSS Tax Saver
- 6
| Security | % of NJ Balanced Advantage | % of NJ ELSS Tax Saver |
|---|---|---|
| Bosch Limited | 3.55% | 6.55% |
| Dr. Lal Path Labs Limited | 3.18% | 4.15% |
| Marico Limited | 3.17% | 5.08% |
| Torrent Pharmaceuticals Limited | 3.61% | 2.52% |
| Britannia Industries Limited | 2.47% | 4.22% |
| Alkem Laboratories Limited | 2.22% | 3.11% |
| Pidilite Industries Limited | 1.76% | 5.33% |
| Hero MotoCorp Limited | 1.61% | 5.14% |
| Page Industries Limited | 1.55% | 4.95% |
| HDFC Asset Management Company Limited | 1.44% | 2.89% |
| The Great Eastern Shipping Company Limited | 0.90% | 4.95% |
| Aptus Value Housing Finance India Limited | 0.75% | 2.55% |
| Muthoot Finance Limited | 0.72% | 3.12% |
| Mphasis Limited | 0.70% | 4.74% |
| UTI Asset Management Company Limited | 0.62% | 2.38% |
| ABB India Limited | 0.52% | 4.69% |
| CRISIL Limited | 0.42% | 3.53% |
| Abbott India Limited | 0.25% | 3.30% |
| Divi's Laboratories Limited | 0.20% | 3.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 28.6% means 28.6% 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 NJ Balanced Advantage Fund
| Security | % of fund |
|---|---|
| HDFC Bank Limited | 5.60% |
| Reliance Industries Limited | 4.63% |
| ICICI Bank Limited | 4.14% |
| Eicher Motors Limited | 2.74% |
| Sun Pharmaceutical Industries Limited | 2.64% |
Largest holdings only in NJ ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| JSW Dulux Limited | 5.22% |
| AU Small Finance Bank Limited | 4.85% |
| Bayer Cropscience Limited | 3.81% |
| Rainbow Childrens Medicare Limited | 3.45% |
| Can Fin Homes Limited | 3.31% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | NJ Balanced Advantage | NJ ELSS Tax Saver |
|---|---|---|
| Equity | 90.4% | 99.6% |
| Debt | 4.5% | 0.0% |
| Cash and others | 5.1% | 0.4% |
Market cap of stocks
| Market cap | NJ Balanced Advantage | NJ ELSS Tax Saver |
|---|---|---|
| Large Cap | 56.7% | 25.8% |
| Mid Cap | 22.2% | 37.7% |
| Small Cap | 10.7% | 36.1% |
| Not on AMFI's list | 0.8% | 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 | NJ Balanced Advantage | NJ ELSS Tax Saver |
|---|---|---|
| Banks | 15.9% | 4.8% |
| Pharmaceuticals & Biotechnology | 15.2% | 14.7% |
| Finance | 4.4% | 12.5% |
| Healthcare Services | 3.2% | 7.6% |
| Auto Components | 4.4% | 6.5% |
| Automobiles | 6.2% | 5.1% |
| Chemicals & Petrochemicals | 1.8% | 5.3% |
| Petroleum Products | 5.3% | 0.0% |
| Capital Markets | 2.9% | 5.3% |
The six largest sectors of each fund's stocks, % of the fund.
NJ Balanced Advantage vs NJ ELSS Tax Saver: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | NJ Balanced Advantage Fund | NJ ELSS Tax Saver Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.10% | 0.77% |
| Base expense ratio (Direct) | 0.57% | 0.59% |
| Total expense ratio (Regular) | 2.39% | 2.54% |
| Base expense ratio (Regular) | 1.66% | 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 NJ Balanced Advantage with
NJ Balanced Advantage Fund vs NJ ELSS Tax Saver Fund: Frequently Asked Questions
What is the difference between NJ Balanced Advantage Fund and NJ ELSS Tax Saver Fund?
NJ Balanced Advantage Fund is a Balanced Advantage fund, NJ ELSS Tax Saver Fund is an ELSS fund, run by NJ Mutual Fund. Their portfolios overlap 28.6%. NJ Balanced Advantage Fund charges 1.10% a year and NJ ELSS Tax Saver Fund 0.77%.
Which has given higher returns, NJ Balanced Advantage Fund or NJ ELSS Tax Saver Fund?
Over 1 year: NJ Balanced Advantage Fund −1.53%, NJ ELSS Tax Saver Fund −7.06%. Over 3 years: NJ Balanced Advantage Fund +7.67% a year, NJ ELSS Tax Saver Fund +8.23% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, NJ Balanced Advantage Fund or NJ ELSS Tax Saver Fund?
NJ ELSS Tax Saver Fund charges less: 0.77% a year against 1.10%. These are the Direct plans' total expense ratios reported to AMFI.
How much do NJ Balanced Advantage Fund and NJ ELSS Tax Saver Fund overlap?
28.6%. They hold 19 of the same securities, the largest shared ones being BOSCHLTD, LALPATHLAB, MARICO. From each fund's latest monthly portfolio.
Which is riskier, NJ Balanced Advantage Fund or NJ ELSS Tax Saver Fund?
On SEBI's riskometer, NJ Balanced Advantage Fund is rated Very High and NJ ELSS Tax Saver Fund Very High. Over 3 years, the standard deviation of daily returns was 8.26% and 14.09% a year.
Which is better for SIP, NJ Balanced Advantage Fund or NJ ELSS Tax Saver Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,80,203 in NJ Balanced Advantage Fund (XIRR 1.7% a year) and ₹3,61,442 in NJ ELSS Tax Saver Fund (XIRR -1.5% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both NJ Balanced Advantage Fund and NJ ELSS Tax Saver Fund?
Yes. 28.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages NJ Balanced Advantage Fund and NJ ELSS Tax Saver Fund?
NJ Balanced Advantage Fund: Dhaval Patel, Viral Shah, Jaimin Ilavia. NJ ELSS Tax Saver Fund: Dhaval Patel, Viral Shah, Jaimin Ilavia.
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.