Shriram Balanced Advantage Fund vs Shriram ELSS Tax Saver Fund
Direct Plan, Growth option · Data as on 30-10-2026
Shriram Balanced Advantage Fund is a Balanced Advantage fund and Shriram ELSS Tax Saver Fund is an ELSS fund. In the 3 years to 30-10-2026, Shriram Balanced Advantage Fund (Direct) returned 6.0% a year and Shriram ELSS Tax Saver Fund (Direct) returned 6.9% a year. Shriram Balanced Advantage Fund charges 0.90% a year and Shriram ELSS Tax Saver Fund 0.95% (Direct plans). Their portfolios overlap 55.8%: they hold 54 of the same securities.
Shriram Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 6.0%
- Expense ratio
- 0.90%
- NAV
- ₹18.32
Shriram ELSS Tax Saver Fund
ELSS
- 3 year return
- 6.9%
- Expense ratio
- 0.95%
- NAV
- ₹22.48
Which is better, Shriram Balanced Advantage or Shriram 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.
- Shriram ELSS Tax Saver returned more over 5 years: 6.1% a year against 6.0%.
- Shriram ELSS Tax Saver returned more over 3 years: 6.9% a year against 6.0%.
- Shriram Balanced Advantage costs less: 0.90% a year against 0.95% (Direct plans).
- Shriram Balanced Advantage swung less over 3 years: a standard deviation of 10.0% a year against 15.4%.
- Shriram Balanced Advantage fell less in its worst fall since 12-07-2019: −14.6% against −29.8%.
- Shriram ELSS Tax Saver is the larger fund: ₹44 Cr against ₹41 Cr.
- Their portfolios overlap 55.8%: 54 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 | Shriram Balanced Advantage Fund | Shriram ELSS Tax Saver Fund |
|---|---|---|
| Fund house | Shriram Mutual Fund | Shriram Mutual Fund |
| Category | Balanced Advantage | ELSS |
| AUM | ₹41 Cr (30-09-2026) | ₹44 Cr (30-09-2026) |
| NAV | ₹18.32 (Direct) | ₹22.48 (Direct) |
| Expense ratio (Direct) | 0.90% | 0.95% |
| Expense ratio (Regular) | 2.57% | 2.57% |
| Riskometer | Very High | Very High |
| Benchmark | CRISIL Hybrid 50+50 - Moderate Index | Nifty 500 TRI |
| Launch date | 05-07-2019 | 25-01-2019 |
| Minimum investment | ₹500 | ₹500 |
| Lock in | None | 3 years |
| Fund managers | Hitesh Savanth, Prateek Nigudkar, Amit Modani | Hitesh Savanth, Prateek Nigudkar |
| Exit load | Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days. | NIL |
Shriram Balanced Advantage vs Shriram 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 |
|---|---|---|---|---|---|---|---|
| Shriram Balanced Advantage Fund (Direct) | +0.07% | −3.87% | −1.76% | −4.97% | +6.02% | +6.03% | -- |
| Shriram ELSS Tax Saver Fund (Direct) | −0.33% | −6.48% | −1.70% | −7.49% | +6.94% | +6.10% | -- |
| 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% | -- |
Category average: the average of the 38 Balanced Advantage funds and the 50 ELSS funds, same plan type.
Shriram Balanced Advantage vs Shriram ELSS Tax Saver: Year-wise Returns
| Year | Balanced AdvantageShriram Balanced Advantage | ELSS Tax SaverShriram ELSS Tax Saver |
|---|---|---|
| 2026to date | −6.00% | −7.74% |
| 2025 | +1.23% | −4.18% |
| 2024 | +11.41% | +18.73% |
| 2023 | +21.45% | +26.68% |
| 2022 | +4.57% | +3.96% |
| 2021 | +11.46% | +20.99% |
Shriram Balanced Advantage vs Shriram ELSS Tax Saver: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Shriram ELSS Tax Saver Fund
Rolling returns
Every 3-year holding period, 1,058 of them, one for each trading day from 12-07-2022 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.
Shriram Balanced Advantage Fund (Direct)
Shriram ELSS Tax Saver Fund (Direct)
Nifty 500 TRI
to
Nov 2022Aug 2020
to
Aug 2023May 2021
to
May 2024Jan 2022
to
Jan 2025Oct 2022
to
Oct 2025Jun 2023
to
Jun 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shriram Balanced Advantage | 0.0 | 0.0 | 25.0 | 74.2 | 0.9 | 0.0 | 0.0 | 11.2% | 11.3% | 5.3% | 15.4% | 0% |
| Shriram ELSS Tax Saver | 0.0 | 0.0 | 9.5 | 38.9 | 43.8 | 7.8 | 0.0 | 14.9% | 15.3% | 5.6% | 24.3% | 6% |
| Nifty 500 TRI | 0.0 | 0.0 | 1.8 | 18.2 | 53.1 | 19.6 | 7.3 | 18.1% | 17.9% | 8.8% | 33.5% | -- |
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 12-07-2019. Past returns do not promise future returns.
Shriram Balanced Advantage vs Shriram 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 12-07-2019 to 30-10-2026: 88 instalments, ₹8,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Shriram Balanced AdvantageShriram Balanced Advantage Fund (Direct) | ₹8,80,000 | ₹11,27,435 | ₹2,47,435 | 6.7% |
| Shriram ELSS Tax SaverShriram ELSS Tax Saver Fund (Direct) | ₹8,80,000 | ₹12,01,838 | ₹3,21,838 | 8.4% |
Shriram Balanced AdvantageShriram Balanced Advantage Fund (Direct)
Shriram ELSS Tax SaverShriram 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.
Shriram Balanced Advantage vs Shriram ELSS Tax Saver: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Shriram Balanced Advantage Fund (Direct) | Shriram ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.97% | −7.49% |
| Standard deviation | 9.02% | 13.51% |
| Sharpe ratio | -1.13 | -0.94 |
| Sortino ratio | -1.51 | -1.26 |
| Maximum drawdown | −9.7% (30-03-2026) | −14.5% (31-03-2026) |
| Beta | -- | 0.93 |
| Alpha | -- | −1.08% |
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 | Shriram Balanced Advantage Fund (Direct) | Shriram ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.02% | +6.94% |
| Standard deviation | 10.03% | 15.39% |
| Sharpe ratio | -0.00 | 0.06 |
| Sortino ratio | -0.00 | 0.08 |
| Maximum drawdown | −13.7% (28-02-2025) | −23.5% (28-02-2025) |
| Beta | -- | 1.02 |
| Alpha | -- | −3.35% |
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 | Shriram Balanced Advantage Fund (Direct) | Shriram ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.03% | +6.10% |
| Standard deviation | 9.10% | 14.86% |
| Sharpe ratio | 0.03 | 0.02 |
| Sortino ratio | 0.03 | 0.03 |
| Maximum drawdown | −13.7% (28-02-2025) | −23.5% (28-02-2025) |
| Beta | -- | 0.99 |
| Alpha | -- | −2.68% |
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 | Shriram Balanced Advantage Fund (Direct) | Shriram ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.63% | +11.01% |
| Standard deviation | 9.11% | 15.95% |
| Sharpe ratio | 0.38 | 0.36 |
| Sortino ratio | 0.51 | 0.48 |
| Maximum drawdown | −14.6% (23-03-2020) | −29.8% (23-03-2020) |
| Beta | -- | 0.90 |
| Alpha | -- | −1.45% |
From daily NAVs, 12-07-2019 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.
Shriram Balanced Advantage Fund (Direct)
Shriram 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 |
|---|---|---|---|---|---|---|
| Shriram Balanced Advantage Fund (Direct) | −14.6% | 13-02-2020 | 23-03-2020 | 09-07-2020 | 4 months | −9.2% |
| Shriram ELSS Tax Saver Fund (Direct) | −29.8% | 12-02-2020 | 23-03-2020 | 26-08-2020 | 5 months | −16.9% |
| Nifty 500 TRI | −38.1% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −8.8% |
From daily values since 12-07-2019, 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.
Shriram Balanced Advantage Fund (Direct)
Shriram 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.
Shriram Balanced Advantage Fund (Direct)
Shriram 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.
Shriram Balanced Advantage Fund (Direct)
Shriram ELSS Tax Saver Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Shriram Balanced Advantage Fund (Direct) | 54% | 49% | 10.51% |
| Shriram ELSS Tax Saver Fund (Direct) | 87% | 91% | 6.07% |
From month-end values since 12-07-2019. 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.
Shriram Balanced Advantage vs Shriram ELSS Tax Saver: Portfolio Overlap
From each fund's latest monthly portfolio: Shriram Balanced Advantage Fund, September 2026; Shriram ELSS Tax Saver Fund, September 2026
Holdings in common
- Overlap
- 55.8%
- Held by both
- 54
- Only in Shriram Balanced Advantage
- 23
- Only in Shriram ELSS Tax Saver
- 17
| Security | % of Shriram Balanced Advantage | % of Shriram ELSS Tax Saver |
|---|---|---|
| HDFC Bank Ltd. | 4.97% | 7.47% |
| ICICI Bank Ltd. | 4.09% | 5.02% |
| Reliance Industries Ltd. | 3.99% | 3.90% |
| State Bank of India | 3.06% | 4.02% |
| Bharti Airtel Ltd. | 2.85% | 3.79% |
| Axis Bank Ltd. | 2.27% | 4.06% |
| Mahindra & Mahindra Ltd. | 2.50% | 2.03% |
| Infosys Ltd. | 1.97% | 1.80% |
| ITC Ltd. | 2.30% | 1.65% |
| Bharat Electronics Ltd. | 1.50% | 1.78% |
| InterGlobe Aviation Ltd. | 1.45% | 1.89% |
| Eternal Ltd. | 1.29% | 1.85% |
| SBI Life Insurance Company Ltd. | 1.28% | 1.46% |
| Bajaj Holdings & Investment Ltd. | 1.56% | 1.12% |
| Larsen & Toubro Ltd. | 1.10% | 1.46% |
| Tata Consultancy Services Ltd. | 1.08% | 1.48% |
| Maruti Suzuki India Ltd. | 1.08% | 1.29% |
| Sun Pharmaceutical Industries Ltd. | 2.39% | 1.07% |
| NTPC Ltd. | 1.02% | 1.91% |
| Rainbow Children's Medicare Ltd. | 0.91% | 0.92% |
| HCL Technologies Ltd. | 1.77% | 0.86% |
| Power Grid Corporation of India Ltd. | 1.06% | 0.86% |
| R R Kabel Ltd. | 0.83% | 1.75% |
| Kalpataru Projects International Ltd. | 0.84% | 0.82% |
| Adani Ports & Special Economic Zone Ltd. | 0.82% | 1.54% |
| Kirloskar Oil Engines Ltd. | 0.76% | 1.92% |
| Oil India Ltd. | 0.75% | 1.31% |
| Canara Robeco Asset Mgmt Co Ltd. | 0.73% | 1.24% |
| Eicher Motors Ltd. | 0.68% | 1.00% |
| TVS Motor Company Ltd. | 0.67% | 1.22% |
| Samhi Hotels Ltd. | 0.65% | 1.96% |
| Ajanta Pharma Ltd. | 0.65% | 1.07% |
| Divi's Laboratories Ltd. | 0.64% | 0.75% |
| Oil & Natural Gas Corporation Ltd. | 0.59% | 0.81% |
| Dodla Dairy Ltd. | 0.58% | 1.21% |
| VARUN BEVERAGES LIMITED | 1.03% | 0.57% |
| Deepak Fertilizers & Petrochem Corp Ltd. | 0.53% | 0.72% |
| REC Ltd. | 0.46% | 0.81% |
| Bharat Petroleum Corporation Ltd. | 0.41% | 0.37% |
| Sagility Ltd. | 0.37% | 1.30% |
| TIPS Music Ltd. | 0.37% | 0.69% |
| Emami Ltd. | 0.33% | 0.50% |
| Muthoot Finance Ltd. | 0.28% | 0.33% |
| Cipla Ltd. | 0.87% | 0.25% |
| Marico Ltd. | 0.25% | 1.12% |
| Swiggy Ltd. | 0.22% | 0.62% |
| PB Fintech Ltd. | 0.21% | 0.24% |
| Coal India Ltd. | 0.20% | 0.53% |
| Apollo Hospitals Enterprise Ltd. | 0.20% | 1.34% |
| GMR Airports Ltd. | 0.20% | 0.92% |
| Power Mech Projects Ltd. | 0.19% | 0.67% |
| Cohance Lifesciences Ltd. | 0.30% | 0.18% |
| Krsnaa Diagnostics Ltd. | 0.13% | 0.17% |
| KFIN Technologies Ltd. | 0.05% | 2.00% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 55.8% means 55.8% 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 Shriram Balanced Advantage Fund
| Security | % of fund |
|---|---|
| 8.54% REC LTD NCD RED 15-11-28 | 6.16% |
| BANK OF BARODA CD RED 12-02-27 | 5.96% |
| 6.54% GOVT OF INDIA RED 17-01-2032 | 4.85% |
| UNION BANK OF INDIA CD RED 22-02-2027 | 4.76% |
| Kotak Mahindra Bank Ltd. | 1.46% |
Largest holdings only in Shriram ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| S.J.S. Enterprises Ltd. | 1.78% |
| Navin Fluorine International Ltd. | 1.40% |
| Tata Steel Ltd. | 1.28% |
| Karur Vysya Bank Ltd. | 1.28% |
| Thyrocare Technologies Ltd. | 1.07% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Shriram Balanced Advantage | Shriram ELSS Tax Saver |
|---|---|---|
| Equity | 69.4% | 95.0% |
| Debt | 21.7% | 0.0% |
| Cash and others | 8.9% | 5.0% |
Market cap of stocks
| Market cap | Shriram Balanced Advantage | Shriram ELSS Tax Saver |
|---|---|---|
| Large Cap | 54.5% | 61.9% |
| Mid Cap | 4.6% | 9.1% |
| Small Cap | 9.9% | 24.1% |
| Not on AMFI's list | 0.3% | 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 | Shriram Balanced Advantage | Shriram ELSS Tax Saver |
|---|---|---|
| Banks | 15.8% | 21.9% |
| IT - Software | 4.8% | 6.5% |
| Automobiles | 4.9% | 5.5% |
| Pharmaceuticals & Biotechnology | 4.8% | 4.0% |
| Petroleum Products | 4.5% | 4.3% |
| Healthcare Services | 1.6% | 4.4% |
| Telecom - Services | 2.9% | 3.8% |
The six largest sectors of each fund's stocks, % of the fund.
Shriram Balanced Advantage vs Shriram ELSS Tax Saver: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Shriram Balanced Advantage Fund | Shriram ELSS Tax Saver Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.90% | 0.95% |
| Base expense ratio (Direct) | 0.64% | 0.66% |
| Total expense ratio (Regular) | 2.57% | 2.57% |
| Base expense ratio (Regular) | 2.09% | 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.
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Compare Shriram ELSS Tax Saver with
Shriram Balanced Advantage Fund vs Shriram ELSS Tax Saver Fund: Frequently Asked Questions
What is the difference between Shriram Balanced Advantage Fund and Shriram ELSS Tax Saver Fund?
Shriram Balanced Advantage Fund is a Balanced Advantage fund, Shriram ELSS Tax Saver Fund is an ELSS fund, run by Shriram Mutual Fund. Their portfolios overlap 55.8%. Shriram Balanced Advantage Fund charges 0.90% a year and Shriram ELSS Tax Saver Fund 0.95%.
Which has given higher returns, Shriram Balanced Advantage Fund or Shriram ELSS Tax Saver Fund?
Over 1 year: Shriram Balanced Advantage Fund −4.97%, Shriram ELSS Tax Saver Fund −7.49%. Over 3 years: Shriram Balanced Advantage Fund +6.02% a year, Shriram ELSS Tax Saver Fund +6.94% a year. Over 5 years: Shriram Balanced Advantage Fund +6.03% a year, Shriram ELSS Tax Saver Fund +6.10% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Shriram Balanced Advantage Fund or Shriram ELSS Tax Saver Fund?
Shriram Balanced Advantage Fund charges less: 0.90% a year against 0.95%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Shriram Balanced Advantage Fund and Shriram ELSS Tax Saver Fund overlap?
55.8%. They hold 54 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Shriram Balanced Advantage Fund or Shriram ELSS Tax Saver Fund?
On SEBI's riskometer, Shriram Balanced Advantage Fund is rated Very High and Shriram ELSS Tax Saver Fund Very High. Over 3 years, the standard deviation of daily returns was 10.03% and 15.39% a year.
Which is better for SIP, Shriram Balanced Advantage Fund or Shriram 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 ₹6,79,794 in Shriram Balanced Advantage Fund (XIRR 4.2% a year) and ₹6,84,154 in Shriram ELSS Tax Saver Fund (XIRR 4.5% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Shriram Balanced Advantage Fund and Shriram ELSS Tax Saver Fund?
Yes. 55.8% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Shriram Balanced Advantage Fund and Shriram ELSS Tax Saver Fund?
Shriram Balanced Advantage Fund: Hitesh Savanth, Prateek Nigudkar, Amit Modani. Shriram ELSS Tax Saver Fund: Hitesh Savanth, Prateek Nigudkar.
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.