PGIM India Balanced Advantage Fund vs PGIM India Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
PGIM India Balanced Advantage Fund is a Balanced Advantage fund and PGIM India Multi Asset Allocation Fund is a Multi Asset fund. PGIM India Balanced Advantage Fund charges 0.90% a year and PGIM India Multi Asset Allocation Fund 0.85% (Direct plans). Their portfolios overlap 42.0%: they hold 48 of the same securities.
PGIM India Balanced Advantage Fund
Balanced Advantage
- Expense ratio
- 0.90%
- NAV
- ₹15.90
PGIM India Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 0.85%
- NAV
- ₹10.12
Which is better, PGIM India Balanced Advantage or PGIM 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.
- PGIM India Multi Asset Allocation costs less: 0.85% a year against 0.90% (Direct plans).
- PGIM India Balanced Advantage fell less in its worst fall since 03-12-2025: −10.3% against −12.1%.
- PGIM India Balanced Advantage holds more in large companies: 56.6% of the fund in large caps against 39.7%.
- PGIM India Balanced Advantage is the larger fund: ₹681 Cr against ₹324 Cr.
- Their portfolios overlap 42.0%: 48 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 Multi Asset Allocation Fund |
|---|---|---|
| Fund house | PGIM India Mutual Fund | PGIM India Mutual Fund |
| Category | Balanced Advantage | Multi Asset |
| AUM | ₹681 Cr (30-09-2026) | ₹324 Cr (30-09-2026) |
| NAV | ₹15.90 (Direct) | ₹10.12 (Direct) |
| Expense ratio (Direct) | 0.90% | 0.85% |
| Expense ratio (Regular) | 2.51% | 2.56% |
| Riskometer | Very High | Very High |
| Benchmark | CRISIL Hybrid 50+50 - Moderate Index | 60% Nifty 500 TRI + 20% Crisil Short Term Bond Index + 10% Domestic prices of Gold + 10% Domestic prices of Silver |
| Launch date | 04-02-2021 | 28-11-2025 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Utsav Mehta, Anandha Padmanabhan Anjeneyan, Vinay Paharia, Puneet Pal | Vivek Sharma, Anandha Padmanabhan Anjeneyan, Utsav Mehta, and Mr. Puneet Pal |
| 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. | Exit load of 0.50%, if redeemed within 90 days |
PGIM India Balanced Advantage vs PGIM 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 |
|---|---|---|---|---|---|---|---|
| PGIM India Balanced Advantage Fund (Direct) | −0.19% | −4.85% | −2.09% | −6.19% | +7.11% | +6.77% | -- |
| PGIM India Multi Asset Allocation Fund (Direct) | −2.32% | −4.26% | −2.03% | -- | -- | -- | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | -- |
| Multi Asset average | −1.71% | −3.33% | −1.78% | -- | -- | -- | -- |
Category average: the average of the 38 Balanced Advantage funds and the 37 Multi Asset funds, same plan type.
PGIM India Balanced Advantage vs PGIM India Multi Asset Allocation: Year-wise Returns
| Year | Balanced AdvantagePGIM India Balanced Advantage | Multi Asset AllocationPGIM India Multi Asset Allocation |
|---|---|---|
| 2026to date | −6.08% | −1.17% |
| 2025 | +8.04% | -- |
| 2024 | +12.01% | -- |
| 2023 | +17.37% | -- |
| 2022 | +2.94% | -- |
PGIM India Balanced Advantage vs PGIM India Multi Asset Allocation: Rolling Returns
Every holding period of both funds
PGIM India Balanced Advantage vs PGIM India Multi Asset Allocation: 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 Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.12% | +1.44% |
| Standard deviation | 8.55% | 13.01% |
| Sharpe ratio | 0.31 | -0.29 |
| Sortino ratio | 0.42 | -0.38 |
| Maximum drawdown | −11.6% (20-06-2022) | −12.1% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 Multi Asset Allocation Fund (Direct)
| 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) | −10.3% | 05-12-2025 | 30-03-2026 | Not yet | -- | −6.7% |
| PGIM India Multi Asset Allocation Fund (Direct) | −12.1% | 29-01-2026 | 23-03-2026 | 25-08-2026 | 5 months | −7.4% |
From daily values since 03-12-2025, the first day every fund has.
PGIM India Balanced Advantage vs PGIM India Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: PGIM India Balanced Advantage Fund, September 2026; PGIM India Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 42.0%
- Held by both
- 48
- Only in PGIM India Balanced Advantage
- 43
- Only in PGIM India Multi Asset Allocation
- 42
| Security | % of PGIM India Balanced Advantage | % of PGIM India Multi Asset Allocation |
|---|---|---|
| HDFC Bank Ltd. | 5.41% | 3.85% |
| ICICI Bank Ltd. | 5.91% | 2.76% |
| State Bank of India | 2.40% | 2.24% |
| Reliance Industries Ltd. | 4.07% | 1.80% |
| Larsen & Toubro Ltd. | 1.85% | 1.74% |
| Infosys Ltd. | 1.88% | 1.57% |
| Bajaj Finance Ltd. | 1.84% | 1.50% |
| Titan Company Ltd. | 1.47% | 3.00% |
| Eternal Ltd. | 1.62% | 1.28% |
| Solar Industries India Ltd. | 1.28% | 1.63% |
| TVS Motor Company Ltd. | 1.42% | 1.13% |
| Bharti Airtel Ltd. | 3.21% | 1.08% |
| Kotak Mahindra Bank Ltd. | 1.05% | 3.79% |
| Bharat Electronics Ltd. | 0.98% | 1.15% |
| Prestige Estates Projects Ltd. | 0.98% | 0.96% |
| Divi's Laboratories Ltd. | 1.13% | 0.93% |
| 6.01% Government of India | 0.93% | 6.01% |
| FSN E-Commerce Ventures Ltd. | 0.91% | 1.30% |
| Torrent Power Ltd. | 1.06% | 0.83% |
| Max Healthcare Institute Ltd. | 0.83% | 1.06% |
| Tech Mahindra Ltd. | 0.78% | 1.07% |
| Vishal Mega Mart Ltd | 0.95% | 0.75% |
| CG Power and Industrial Solutions Ltd. | 1.09% | 0.71% |
| AU Small Finance Bank Ltd. | 0.70% | 1.40% |
| SRF Ltd. | 1.23% | 0.63% |
| Torrent Pharmaceuticals Ltd. | 0.59% | 0.94% |
| Nestle India Ltd. | 0.58% | 0.89% |
| Marico Ltd. | 0.51% | 0.78% |
| VARUN BEVERAGES LIMITED | 1.31% | 0.49% |
| ICICI Lombard General Insurance Co. Ltd. | 0.76% | 0.49% |
| JSW Steel Ltd. | 1.01% | 0.46% |
| JK Cement Ltd. | 1.01% | 0.46% |
| UNO Minda Ltd. | 0.96% | 0.44% |
| Info Edge (India) Ltd. | 0.60% | 0.43% |
| HDFC Life Insurance Company Ltd. | 0.93% | 0.42% |
| United Spirits Ltd. | 0.70% | 0.42% |
| Multi Commodity Exchange Of India Ltd. | 0.61% | 0.42% |
| Shriram Finance Ltd. | 0.44% | 0.41% |
| Hindalco Industries Ltd. | 0.80% | 0.40% |
| Power Finance Corporation Ltd. | 0.78% | 0.38% |
| Blue Star Ltd. | 0.38% | 0.58% |
| Tata Consultancy Services Ltd. | 1.20% | 0.35% |
| Mahindra & Mahindra Ltd. | 1.27% | 0.33% |
| Ashok Leyland Ltd. | 0.36% | 0.33% |
| Muthoot Finance Ltd. | 0.33% | 0.43% |
| Bharat Petroleum Corporation Ltd. | 0.85% | 0.27% |
| Persistent Systems Ltd. | 0.81% | 0.23% |
| MRS Bectors Food Specialities Ltd. | 0.37% | 0.22% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 42.0% means 42.0% 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 Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| SBI Mutual Fund | 4.61% |
| HDFC Mutual Fund | 4.61% |
| ICICI Prudential Mutual Fund | 4.61% |
| 91 DAYS TBILL RED 01-10-2026 | 3.09% |
| ICICI Prudential Mutual Fund | 2.89% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | PGIM India Balanced Advantage | PGIM India Multi Asset Allocation |
|---|---|---|
| Equity | 76.9% | 65.2% |
| Debt | 18.3% | 10.3% |
| Cash and others | 4.8% | 24.5% |
Market cap of stocks
| Market cap | PGIM India Balanced Advantage | PGIM India Multi Asset Allocation |
|---|---|---|
| Large Cap | 56.6% | 39.7% |
| Mid Cap | 19.2% | 20.3% |
| Small Cap | 1.1% | 3.9% |
| Not on AMFI's list | 0.0% | 1.3% |
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 | PGIM India Balanced Advantage | PGIM India Multi Asset Allocation |
|---|---|---|
| Banks | 17.6% | 14.0% |
| IT - Software | 5.6% | 3.2% |
| Petroleum Products | 4.9% | 2.1% |
| Pharmaceuticals & Biotechnology | 4.0% | 4.7% |
| Consumer Durables | 2.3% | 4.3% |
| Automobiles | 4.2% | 1.5% |
| Retailing | 4.1% | 3.8% |
| Auto Components | 2.2% | 3.5% |
The six largest sectors of each fund's stocks, % of the fund.
PGIM India Balanced Advantage vs PGIM India Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | PGIM India Balanced Advantage Fund | PGIM India Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.90% | 0.85% |
| Base expense ratio (Direct) | 0.69% | 0.54% |
| Total expense ratio (Regular) | 2.51% | 2.56% |
| Base expense ratio (Regular) | 2.05% | 1.99% |
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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PGIM India Balanced Advantage Fund vs PGIM India Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between PGIM India Balanced Advantage Fund and PGIM India Multi Asset Allocation Fund?
PGIM India Balanced Advantage Fund is a Balanced Advantage fund, PGIM India Multi Asset Allocation Fund is a Multi Asset fund, run by PGIM India Mutual Fund. Their portfolios overlap 42.0%. PGIM India Balanced Advantage Fund charges 0.90% a year and PGIM India Multi Asset Allocation Fund 0.85%.
Which has the lower expense ratio, PGIM India Balanced Advantage Fund or PGIM India Multi Asset Allocation Fund?
PGIM India Multi Asset Allocation Fund charges less: 0.85% a year against 0.90%. These are the Direct plans' total expense ratios reported to AMFI.
How much do PGIM India Balanced Advantage Fund and PGIM India Multi Asset Allocation Fund overlap?
42.0%. They hold 48 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, SBIN. From each fund's latest monthly portfolio.
Which is riskier, PGIM India Balanced Advantage Fund or PGIM India Multi Asset Allocation Fund?
On SEBI's riskometer, PGIM India Balanced Advantage Fund is rated Very High and PGIM India Multi Asset Allocation Fund Very High. Over their common history, the standard deviation of daily returns was 8.55% and 13.01% a year.
Can I invest in both PGIM India Balanced Advantage Fund and PGIM India Multi Asset Allocation Fund?
Yes. 42.0% 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 Multi Asset Allocation Fund?
PGIM India Balanced Advantage Fund: Utsav Mehta, Anandha Padmanabhan Anjeneyan, Vinay Paharia, Puneet Pal. PGIM India Multi Asset Allocation Fund: Vivek Sharma, Anandha Padmanabhan Anjeneyan, Utsav Mehta, and Mr. Puneet Pal.
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.