PGIM India Balanced Advantage Fund vs PGIM India ELSS Tax Saver Fund
Direct Plan, Growth option · Data as on 30-10-2026
PGIM India Balanced Advantage Fund is a Balanced Advantage fund and PGIM India ELSS Tax Saver Fund is an ELSS fund. In the 3 years to 30-10-2026, PGIM India Balanced Advantage Fund (Direct) returned 7.1% a year and PGIM India ELSS Tax Saver Fund (Direct) returned 9.3% a year. PGIM India Balanced Advantage Fund charges 0.90% a year and PGIM India ELSS Tax Saver Fund 1.07% (Direct plans). Their portfolios overlap 52.3%: they hold 43 of the same securities.
PGIM India Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 7.1%
- Expense ratio
- 0.90%
- NAV
- ₹15.90
PGIM India ELSS Tax Saver Fund
ELSS
- 3 year return
- 9.3%
- Expense ratio
- 1.07%
- NAV
- ₹38.62
Which is better, PGIM India Balanced Advantage or PGIM India 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.
- PGIM India ELSS Tax Saver returned more over 5 years: 9.0% a year against 6.8%.
- PGIM India ELSS Tax Saver returned more over 3 years: 9.3% a year against 7.1%.
- PGIM India Balanced Advantage costs less: 0.90% a year against 1.07% (Direct plans).
- PGIM India Balanced Advantage swung less over 3 years: a standard deviation of 9.2% a year against 13.2%.
- PGIM India Balanced Advantage fell less in its worst fall since 08-02-2021: −11.6% against −17.0%.
- PGIM India Balanced Advantage is the larger fund: ₹681 Cr against ₹680 Cr.
- Their portfolios overlap 52.3%: 43 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 | PGIM India Balanced Advantage Fund | PGIM India ELSS Tax Saver Fund |
|---|---|---|
| Fund house | PGIM India Mutual Fund | PGIM India Mutual Fund |
| Category | Balanced Advantage | ELSS |
| AUM | ₹681 Cr (30-09-2026) | ₹680 Cr (30-09-2026) |
| NAV | ₹15.90 (Direct) | ₹38.62 (Direct) |
| Expense ratio (Direct) | 0.90% | 1.07% |
| Expense ratio (Regular) | 2.51% | 2.60% |
| Riskometer | Very High | Very High |
| Benchmark | CRISIL Hybrid 50+50 - Moderate Index | Nifty 500 TRI |
| Launch date | 04-02-2021 | 11-12-2015 |
| Minimum investment | ₹5,000 | ₹500 |
| Lock in | None | 3 years |
| Fund managers | Utsav Mehta, Anandha Padmanabhan Anjeneyan, Vinay Paharia, Puneet Pal | Utsav Mehta, Vinay Paharia, and Mr. Akhil Dhar |
| Exit load | For Exits within 90 days from date of allotment of units: 0.50%; For Exits beyond 90 days from date of allotment of units: NIL. | NIL |
PGIM India Balanced Advantage vs PGIM India 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 |
|---|---|---|---|---|---|---|---|
| PGIM India Balanced Advantage Fund (Direct) | −0.19% | −4.85% | −2.09% | −6.19% | +7.11% | +6.77% | -- |
| PGIM India ELSS Tax Saver Fund (Direct) | −0.72% | −3.79% | +1.55% | −5.53% | +9.28% | +9.04% | +12.91% |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
Category average: the average of the 38 Balanced Advantage funds and the 50 ELSS funds, same plan type.
PGIM India Balanced Advantage vs PGIM India ELSS Tax Saver: Year-wise Returns
| Year | Balanced AdvantagePGIM India Balanced Advantage | ELSS Tax SaverPGIM India ELSS Tax Saver |
|---|---|---|
| 2026to date | −6.08% | −4.26% |
| 2025 | +8.04% | +3.54% |
| 2024 | +12.01% | +17.38% |
| 2023 | +17.37% | +21.26% |
| 2022 | +2.94% | +6.21% |
| 2021 | -- | +39.07% |
PGIM India Balanced Advantage vs PGIM India ELSS Tax Saver: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of PGIM India ELSS Tax Saver Fund
Rolling returns
Every 3-year holding period, 671 of them, one for each trading day from 08-02-2024 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.
PGIM India Balanced Advantage Fund (Direct)
PGIM India ELSS Tax Saver Fund (Direct)
Nifty 500 TRI
to
Apr 2024Oct 2021
to
Oct 2024Mar 2022
to
Mar 2025Sept 2022
to
Sept 2025Mar 2023
to
Mar 2026Aug 2023
to
Aug 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PGIM India Balanced Advantage | 0.0 | 0.0 | 27.7 | 69.9 | 2.4 | 0.0 | 0.0 | 11.0% | 11.5% | 6.0% | 16.1% | 0% |
| PGIM India ELSS Tax Saver | 0.0 | 0.0 | 11.0 | 44.7 | 43.4 | 0.9 | 0.0 | 14.4% | 14.5% | 7.9% | 20.6% | 0% |
| Nifty 500 TRI | 0.0 | 0.0 | 2.8 | 28.2 | 59.3 | 9.7 | 0.0 | 16.2% | 16.3% | 8.8% | 22.3% | -- |
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 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 08-02-2021. Past returns do not promise future returns.
PGIM India Balanced Advantage vs PGIM India 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 08-02-2021 to 30-10-2026: 69 instalments, ₹6,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| PGIM India Balanced AdvantagePGIM India Balanced Advantage Fund (Direct) | ₹6,90,000 | ₹8,19,406 | ₹1,29,406 | 5.9% |
| PGIM India ELSS Tax SaverPGIM India ELSS Tax Saver Fund (Direct) | ₹6,90,000 | ₹8,79,528 | ₹1,89,528 | 8.4% |
PGIM India Balanced AdvantagePGIM India Balanced Advantage Fund (Direct)
PGIM India ELSS Tax SaverPGIM India 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.
PGIM India Balanced Advantage vs PGIM India ELSS Tax Saver: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | PGIM India Balanced Advantage Fund (Direct) | PGIM India ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | −6.19% | −5.53% |
| Standard deviation | 9.98% | 14.02% |
| Sharpe ratio | -1.15 | -0.77 |
| Sortino ratio | -1.52 | -1.04 |
| Maximum drawdown | −10.6% (30-03-2026) | −16.5% (30-03-2026) |
| Beta | -- | 0.96 |
| Alpha | -- | +1.29% |
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 | PGIM India Balanced Advantage Fund (Direct) | PGIM India ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.11% | +9.28% |
| Standard deviation | 9.20% | 13.17% |
| Sharpe ratio | 0.12 | 0.25 |
| Sortino ratio | 0.16 | 0.34 |
| Maximum drawdown | −10.7% (28-02-2025) | −16.5% (30-03-2026) |
| Beta | -- | 0.90 |
| Alpha | -- | −0.50% |
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 | PGIM India Balanced Advantage Fund (Direct) | PGIM India ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.77% | +9.04% |
| Standard deviation | 8.96% | 13.22% |
| Sharpe ratio | 0.11 | 0.25 |
| Sortino ratio | 0.15 | 0.33 |
| Maximum drawdown | −11.6% (20-06-2022) | −17.0% (20-06-2022) |
| Beta | -- | 0.90 |
| Alpha | -- | +0.55% |
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 | PGIM India Balanced Advantage Fund (Direct) | PGIM India ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.12% | +13.22% |
| Standard deviation | 8.55% | 14.88% |
| Sharpe ratio | 0.31 | 0.52 |
| Sortino ratio | 0.42 | 0.70 |
| Maximum drawdown | −11.6% (20-06-2022) | −36.7% (23-03-2020) |
| Beta | -- | 0.91 |
| Alpha | -- | +0.78% |
From daily NAVs, 08-02-2021 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.
PGIM India Balanced Advantage Fund (Direct)
PGIM India 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 |
|---|---|---|---|---|---|---|
| PGIM India Balanced Advantage Fund (Direct) | −11.6% | 05-04-2022 | 20-06-2022 | 16-08-2022 | 57 days | −7.0% |
| PGIM India ELSS Tax Saver Fund (Direct) | −17.0% | 17-01-2022 | 20-06-2022 | 07-11-2022 | 5 months | −6.2% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 08-02-2021, 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.
PGIM India Balanced Advantage Fund (Direct)
PGIM India 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.
PGIM India Balanced Advantage Fund (Direct)
PGIM India 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 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
PGIM India Balanced Advantage Fund (Direct)
PGIM India ELSS Tax Saver Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| PGIM India Balanced Advantage Fund (Direct) | 65% | 61% | 6.34% |
| PGIM India ELSS Tax Saver Fund (Direct) | 94% | 86% | 4.39% |
From month-end values since 08-02-2021. 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.
PGIM India Balanced Advantage vs PGIM India ELSS Tax Saver: Portfolio Overlap
From each fund's latest monthly portfolio: PGIM India Balanced Advantage Fund, September 2026; PGIM India ELSS Tax Saver Fund, September 2026
Holdings in common
- Overlap
- 52.3%
- Held by both
- 43
- Only in PGIM India Balanced Advantage
- 48
- Only in PGIM India ELSS Tax Saver
- 46
| Security | % of PGIM India Balanced Advantage | % of PGIM India ELSS Tax Saver |
|---|---|---|
| ICICI Bank Ltd. | 5.91% | 6.98% |
| HDFC Bank Ltd. | 5.41% | 7.01% |
| Reliance Industries Ltd. | 4.07% | 3.29% |
| Bharti Airtel Ltd. | 3.21% | 3.84% |
| State Bank of India | 2.40% | 2.55% |
| Infosys Ltd. | 1.88% | 2.94% |
| Larsen & Toubro Ltd. | 1.85% | 2.39% |
| Bajaj Finance Ltd. | 1.84% | 2.95% |
| Eternal Ltd. | 1.62% | 2.49% |
| TVS Motor Company Ltd. | 1.42% | 1.27% |
| Mahindra & Mahindra Ltd. | 1.27% | 1.34% |
| CG Power and Industrial Solutions Ltd. | 1.09% | 1.06% |
| Kotak Mahindra Bank Ltd. | 1.05% | 2.57% |
| Solar Industries India Ltd. | 1.28% | 1.01% |
| JSW Steel Ltd. | 1.01% | 2.04% |
| VARUN BEVERAGES LIMITED | 1.31% | 0.99% |
| UNO Minda Ltd. | 0.96% | 1.27% |
| Eicher Motors Ltd. | 0.89% | 1.12% |
| Titan Company Ltd. | 1.47% | 0.88% |
| SRF Ltd. | 1.23% | 0.84% |
| Max Healthcare Institute Ltd. | 0.83% | 1.60% |
| Tech Mahindra Ltd. | 0.78% | 0.81% |
| ICICI Lombard General Insurance Co. Ltd. | 0.76% | 1.18% |
| Ultratech Cement Ltd. | 0.76% | 0.96% |
| Bharat Electronics Ltd. | 0.98% | 0.73% |
| Vishal Mega Mart Ltd | 0.95% | 0.73% |
| Hindalco Industries Ltd. | 0.80% | 0.73% |
| Divi's Laboratories Ltd. | 1.13% | 0.71% |
| HDFC Life Insurance Company Ltd. | 0.93% | 0.71% |
| AU Small Finance Bank Ltd. | 0.70% | 0.81% |
| Torrent Power Ltd. | 1.06% | 0.65% |
| Multi Commodity Exchange Of India Ltd. | 0.61% | 0.95% |
| S.J.S. Enterprises Ltd. | 0.76% | 0.59% |
| Prestige Estates Projects Ltd. | 0.98% | 0.53% |
| Marico Ltd. | 0.51% | 0.59% |
| Power Finance Corporation Ltd. | 0.78% | 0.46% |
| Persistent Systems Ltd. | 0.81% | 0.45% |
| Nestle India Ltd. | 0.58% | 0.45% |
| Bharat Petroleum Corporation Ltd. | 0.85% | 0.44% |
| Tata Consultancy Services Ltd. | 1.20% | 0.42% |
| Blue Star Ltd. | 0.38% | 0.42% |
| MRS Bectors Food Specialities Ltd. | 0.37% | 0.88% |
| Ashok Leyland Ltd. | 0.36% | 0.39% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 52.3% means 52.3% 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 PGIM India Balanced Advantage Fund
| Security | % of fund |
|---|---|
| 7.18% Government of India | 2.65% |
| Muthoot Finance Ltd. | 2.13% |
| 6.79% Government of India | 1.57% |
| NTPC Ltd. | 1.49% |
| Fedbank Financial Services Ltd. | 1.43% |
Largest holdings only in PGIM India ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| Mankind Pharma Ltd. | 1.74% |
| Clean Max Enviro Energy Solutions Ltd. | 1.39% |
| Navin Fluorine International Ltd. | 1.31% |
| Dixon Technologies (India) Ltd. | 1.22% |
| Sai Life Sciences Ltd | 1.22% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | PGIM India Balanced Advantage | PGIM India ELSS Tax Saver |
|---|---|---|
| Equity | 76.9% | 97.7% |
| Debt | 18.3% | 0.1% |
| Cash and others | 4.8% | 2.2% |
Market cap of stocks
| Market cap | PGIM India Balanced Advantage | PGIM India ELSS Tax Saver |
|---|---|---|
| Large Cap | 56.6% | 55.8% |
| Mid Cap | 19.2% | 20.1% |
| Small Cap | 1.1% | 21.2% |
| Not on AMFI's list | 0.0% | 0.6% |
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 | PGIM India Balanced Advantage | PGIM India ELSS Tax Saver |
|---|---|---|
| Banks | 17.6% | 20.9% |
| IT - Software | 5.6% | 4.6% |
| Pharmaceuticals & Biotechnology | 4.0% | 5.5% |
| Finance | 3.4% | 5.3% |
| Petroleum Products | 4.9% | 3.7% |
| Automobiles | 4.2% | 3.7% |
| Chemicals & Petrochemicals | 2.5% | 4.1% |
| Retailing | 4.1% | 3.2% |
| Telecom - Services | 3.2% | 3.8% |
The six largest sectors of each fund's stocks, % of the fund.
PGIM India Balanced Advantage vs PGIM India ELSS Tax Saver: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | PGIM India Balanced Advantage Fund | PGIM India ELSS Tax Saver Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.90% | 1.07% |
| Base expense ratio (Direct) | 0.69% | 0.76% |
| Total expense ratio (Regular) | 2.51% | 2.60% |
| Base expense ratio (Regular) | 2.05% | 2.05% |
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
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Compare PGIM India ELSS Tax Saver with
PGIM India Balanced Advantage Fund vs PGIM India ELSS Tax Saver Fund: Frequently Asked Questions
What is the difference between PGIM India Balanced Advantage Fund and PGIM India ELSS Tax Saver Fund?
PGIM India Balanced Advantage Fund is a Balanced Advantage fund, PGIM India ELSS Tax Saver Fund is an ELSS fund, run by PGIM India Mutual Fund. Their portfolios overlap 52.3%. PGIM India Balanced Advantage Fund charges 0.90% a year and PGIM India ELSS Tax Saver Fund 1.07%.
Which has given higher returns, PGIM India Balanced Advantage Fund or PGIM India ELSS Tax Saver Fund?
Over 1 year: PGIM India Balanced Advantage Fund −6.19%, PGIM India ELSS Tax Saver Fund −5.53%. Over 3 years: PGIM India Balanced Advantage Fund +7.11% a year, PGIM India ELSS Tax Saver Fund +9.28% a year. Over 5 years: PGIM India Balanced Advantage Fund +6.77% a year, PGIM India ELSS Tax Saver Fund +9.04% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, PGIM India Balanced Advantage Fund or PGIM India ELSS Tax Saver Fund?
PGIM India Balanced Advantage Fund charges less: 0.90% a year against 1.07%. These are the Direct plans' total expense ratios reported to AMFI.
How much do PGIM India Balanced Advantage Fund and PGIM India ELSS Tax Saver Fund overlap?
52.3%. They hold 43 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, PGIM India Balanced Advantage Fund or PGIM India ELSS Tax Saver Fund?
On SEBI's riskometer, PGIM India Balanced Advantage Fund is rated Very High and PGIM India ELSS Tax Saver Fund Very High. Over 3 years, the standard deviation of daily returns was 9.20% and 13.17% a year.
Which is better for SIP, PGIM India Balanced Advantage Fund or PGIM India ELSS Tax Saver Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹6,99,287 in PGIM India Balanced Advantage Fund (XIRR 5.3% a year) and ₹7,34,864 in PGIM India ELSS Tax Saver Fund (XIRR 7.3% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both PGIM India Balanced Advantage Fund and PGIM India ELSS Tax Saver Fund?
Yes. 52.3% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages PGIM India Balanced Advantage Fund and PGIM India ELSS Tax Saver Fund?
PGIM India Balanced Advantage Fund: Utsav Mehta, Anandha Padmanabhan Anjeneyan, Vinay Paharia, Puneet Pal. PGIM India ELSS Tax Saver Fund: Utsav Mehta, Vinay Paharia, and Mr. Akhil Dhar.
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.