Parag Parikh Dynamic Asset Allocation Fund vs Sundaram Dividend Yield Fund
Direct Plan, Growth option · Data as on 30-10-2026
Parag Parikh Dynamic Asset Allocation Fund is a Balanced Advantage fund and Sundaram Dividend Yield Fund is a Dividend Yield fund. In the year to 30-10-2026, Parag Parikh Dynamic Asset Allocation Fund (Direct) returned 1.1% and Sundaram Dividend Yield Fund (Direct) returned −9.2%. Parag Parikh Dynamic Asset Allocation Fund charges 0.41% a year and Sundaram Dividend Yield Fund 1.27% (Direct plans). Their portfolios overlap 13.4%: they hold 5 of the same securities.
Parag Parikh Dynamic Asset Allocation Fund
Balanced Advantage
- 1 year return
- 1.1%
- Expense ratio
- 0.41%
- NAV
- ₹11.63
Sundaram Dividend Yield Fund
Dividend Yield
- 1 year return
- −9.2%
- Expense ratio
- 1.27%
- NAV
- ₹138.43
Which is better, Parag Parikh Dynamic Asset Allocation or Sundaram Dividend Yield? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Parag Parikh Dynamic Asset Allocation returned more over 1 year: 1.1% against −9.2%.
- Parag Parikh Dynamic Asset Allocation costs less: 0.41% a year against 1.27% (Direct plans).
- Parag Parikh Dynamic Asset Allocation fell less in its worst fall since 28-02-2024: −2.5% against −18.9%.
- Sundaram Dividend Yield holds more in large companies: 70.4% of the fund in large caps against 9.1%.
- Parag Parikh Dynamic Asset Allocation is the larger fund: ₹2,533 Cr against ₹757 Cr.
- Their portfolios overlap 13.4%: 5 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 | Parag Parikh Dynamic Asset Allocation Fund | Sundaram Dividend Yield Fund |
|---|---|---|
| Fund house | PPFAS Mutual Fund | Sundaram Mutual Fund |
| Category | Balanced Advantage | Dividend Yield |
| AUM | ₹2,533 Cr (30-09-2026) | ₹757 Cr (30-09-2026) |
| NAV | ₹11.63 (Direct) | ₹138.43 (Direct) |
| Expense ratio (Direct) | 0.41% | 1.27% |
| Expense ratio (Regular) | 0.76% | 2.43% |
| Riskometer | Moderately High | Not available |
| Benchmark | CRISIL Hybrid 50+50 - Moderate Index | Not available |
| Launch date | 27-02-2024 | Not available |
| Minimum investment | ₹5,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Rajeev Thakkar, Raunak Onkar, Rukun Tarachandani, Raj Mehta, Tejas Soman, Mansi Kariya | Not available |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year. | Not available |
Parag Parikh Dynamic Asset Allocation vs Sundaram Dividend Yield: 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 |
|---|---|---|---|---|---|---|---|
| Parag Parikh Dynamic Asset Allocation Fund (Direct) | −1.31% | −1.92% | −0.55% | +1.10% | -- | -- | -- |
| Sundaram Dividend Yield Fund (Direct) | −0.24% | −5.19% | −5.64% | −9.22% | +9.25% | -- | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | -- | -- | -- |
| Dividend Yield average | −1.57% | −5.69% | −3.24% | −5.57% | +12.14% | -- | -- |
Category average: the average of the 38 Balanced Advantage funds and the 12 Dividend Yield funds, same plan type.
Parag Parikh Dynamic Asset Allocation vs Sundaram Dividend Yield: Year-wise Returns
| Year | Parag Parikh Dynamic Asset AllocationParag Parikh Dynamic Asset Allocation | Sundaram Dividend YieldSundaram Dividend Yield |
|---|---|---|
| 2026to date | +0.89% | −9.84% |
| 2025 | +5.90% | +4.57% |
| 2024 | -- | +17.22% |
| 2023 | -- | +35.70% |
Parag Parikh Dynamic Asset Allocation vs Sundaram Dividend Yield: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Sundaram Dividend Yield Fund
Rolling returns
Every 1-year holding period, 403 of them, one for each trading day from 28-02-2025 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.
Parag Parikh Dynamic Asset Allocation Fund (Direct)
Sundaram Dividend Yield Fund (Direct)
Nifty 500 TRI
to
Apr 2025Jul 2024
to
Jul 2025Nov 2024
to
Nov 2025Feb 2025
to
Feb 2026Jun 2025
to
Jun 2026Sept 2025
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Parag Parikh Dynamic Asset Allocation | 0.0 | 38.7 | 50.6 | 10.7 | 0.0 | 0.0 | 0.0 | 6.0% | 5.7% | 0.8% | 11.1% | 74% |
| Sundaram Dividend Yield | 47.3 | 30.5 | 17.3 | 4.1 | 0.7 | 0.0 | 0.0 | 0.9% | 0.3% | −10.2% | 15.4% | 4% |
| Nifty 500 TRI | 26.8 | 32.5 | 33.0 | 6.2 | 1.5 | 0.0 | 0.0 | 3.5% | 3.3% | −9.0% | 15.9% | -- |
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 28-02-2024. Past returns do not promise future returns.
Parag Parikh Dynamic Asset Allocation vs Sundaram Dividend Yield: 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 28-02-2024 to 30-10-2026: 33 instalments, ₹3,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Parag Parikh Dynamic Asset AllocationParag Parikh Dynamic Asset Allocation Fund (Direct) | ₹3,30,000 | ₹3,46,149 | ₹16,149 | 3.4% |
| Sundaram Dividend YieldSundaram Dividend Yield Fund (Direct) | ₹3,30,000 | ₹3,15,934 | −₹14,066 | −3.1% |
Parag Parikh Dynamic Asset AllocationParag Parikh Dynamic Asset Allocation Fund (Direct)
Sundaram Dividend YieldSundaram Dividend Yield 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.
Parag Parikh Dynamic Asset Allocation vs Sundaram Dividend Yield: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Parag Parikh Dynamic Asset Allocation Fund (Direct) | Sundaram Dividend Yield Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.10% | −9.22% |
| Standard deviation | 2.90% | 11.15% |
| Sharpe ratio | -1.43 | -1.30 |
| Sortino ratio | -1.81 | -1.66 |
| Maximum drawdown | −2.5% (23-10-2026) | −12.8% (08-10-2026) |
| Beta | -- | 0.74 |
| Alpha | -- | −5.14% |
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 | Parag Parikh Dynamic Asset Allocation Fund (Direct) | Sundaram Dividend Yield Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.92% | +8.98% |
| Standard deviation | 2.78% | 12.88% |
| Sharpe ratio | 0.00 | 0.24 |
| Sortino ratio | 0.00 | 0.32 |
| Maximum drawdown | −2.5% (23-10-2026) | −18.9% (28-02-2025) |
| Beta | -- | 0.87 |
| Alpha | -- | +0.41% |
From daily NAVs, 28-02-2024 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.
Parag Parikh Dynamic Asset Allocation Fund (Direct)
Sundaram Dividend Yield Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Parag Parikh Dynamic Asset Allocation Fund (Direct) | −2.5% | 04-08-2026 | 23-10-2026 | Not yet | -- | −2.2% |
| Sundaram Dividend Yield Fund (Direct) | −18.9% | 27-09-2024 | 28-02-2025 | Not yet | -- | −13.3% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 28-02-2024, 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.
Parag Parikh Dynamic Asset Allocation Fund (Direct)
Sundaram Dividend Yield Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Parag Parikh Dynamic Asset Allocation Fund (Direct) | 35% | 12% | 12.61% |
| Sundaram Dividend Yield Fund (Direct) | 79% | 89% | 4.26% |
From month-end values since 28-02-2024. 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.
Parag Parikh Dynamic Asset Allocation vs Sundaram Dividend Yield: Portfolio Overlap
From each fund's latest monthly portfolio: Parag Parikh Dynamic Asset Allocation Fund, September 2026; Sundaram Dividend Yield Fund, September 2026
Holdings in common
- Overlap
- 13.4%
- Held by both
- 5
- Only in Parag Parikh Dynamic Asset Allocation
- 59
- Only in Sundaram Dividend Yield
- 48
| Security | % of Parag Parikh Dynamic Asset Allocation | % of Sundaram Dividend Yield |
|---|---|---|
| Embassy Office Parks REIT | 5.57% | 4.13% |
| Coal India Limited | 3.02% | 3.37% |
| Power Grid Corporation of India Limited | 2.61% | 3.01% |
| ITC Limited | 2.47% | 2.43% |
| Brookfield India Real Estate Trust | 5.60% | 1.17% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 13.4% means 13.4% 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 Parag Parikh Dynamic Asset Allocation Fund
| Security | % of fund |
|---|---|
| 7.21% Tamilnadu SDL (MD 21/01/2032) | 3.88% |
| 7.12% Tamilnadu SDL (MD 18/02/2032) | 3.87% |
| 7.72% Maharashtra SDL (MD 01/03/2031) | 2.99% |
| 7.49% Embassy Off Park RE NCD Sr XVII (22/06/2029) | 2.92% |
| Petronet LNG Limited | 2.81% |
Largest holdings only in Sundaram Dividend Yield Fund
| Security | % of fund |
|---|---|
| HDFC Bank Ltd | 4.87% |
| ICICI Bank Ltd | 4.62% |
| NTPC LTD | 4.05% |
| State Bank of India | 3.76% |
| Oil & Natural Gas Corporation Ltd | 2.98% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Parag Parikh Dynamic Asset Allocation | Sundaram Dividend Yield |
|---|---|---|
| Equity | 14.7% | 91.5% |
| Debt | 57.9% | 0.0% |
| Cash and others | 27.4% | 8.5% |
Market cap of stocks
| Market cap | Parag Parikh Dynamic Asset Allocation | Sundaram Dividend Yield |
|---|---|---|
| Large Cap | 9.1% | 70.4% |
| Mid Cap | 2.8% | 10.9% |
| Small Cap | 2.8% | 10.2% |
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 | Parag Parikh Dynamic Asset Allocation | Sundaram Dividend Yield |
|---|---|---|
| Banks | 0.0% | 17.0% |
| It - Software | 0.0% | 9.6% |
| Power | 2.6% | 9.6% |
| Petroleum Products | 0.0% | 6.3% |
| Oil | 0.0% | 4.3% |
| Automobiles | 0.0% | 4.2% |
| Consumable Fuels | 3.0% | 3.4% |
| Gas | 2.8% | 2.6% |
| Diversified FMCG | 2.5% | 0.0% |
| Industrial Products | 1.0% | 1.3% |
| Commercial Services & Supplies | 1.1% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Parag Parikh Dynamic Asset Allocation vs Sundaram Dividend Yield: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Parag Parikh Dynamic Asset Allocation Fund | Sundaram Dividend Yield Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.41% | 1.27% |
| Base expense ratio (Direct) | 0.23% | 1.01% |
| Total expense ratio (Regular) | 0.76% | 2.43% |
| Base expense ratio (Regular) | 0.53% | 2.03% |
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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Parag Parikh Dynamic Asset Allocation Fund vs Sundaram Dividend Yield Fund: Frequently Asked Questions
What is the difference between Parag Parikh Dynamic Asset Allocation Fund and Sundaram Dividend Yield Fund?
Parag Parikh Dynamic Asset Allocation Fund is a Balanced Advantage fund, Sundaram Dividend Yield Fund is a Dividend Yield fund, run by PPFAS Mutual Fund and Sundaram Mutual Fund. Their portfolios overlap 13.4%. Parag Parikh Dynamic Asset Allocation Fund charges 0.41% a year and Sundaram Dividend Yield Fund 1.27%.
Which has given higher returns, Parag Parikh Dynamic Asset Allocation Fund or Sundaram Dividend Yield Fund?
Over 1 year: Parag Parikh Dynamic Asset Allocation Fund +1.10%, Sundaram Dividend Yield Fund −9.22%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Parag Parikh Dynamic Asset Allocation Fund or Sundaram Dividend Yield Fund?
Parag Parikh Dynamic Asset Allocation Fund charges less: 0.41% a year against 1.27%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Parag Parikh Dynamic Asset Allocation Fund and Sundaram Dividend Yield Fund overlap?
13.4%. They hold 5 of the same securities, the largest shared ones being EMBASSY-RR, COALINDIA, POWERGRID. From each fund's latest monthly portfolio.
Can I invest in both Parag Parikh Dynamic Asset Allocation Fund and Sundaram Dividend Yield Fund?
Yes. 13.4% of each fund's money sits in the same holdings, so some 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.