Shriram Balanced Advantage Fund vs Shriram Money Market Fund
Direct Plan, Growth option · Data as on 30-10-2026
Shriram Balanced Advantage Fund is a Balanced Advantage fund and Shriram Money Market Fund is a Money Market fund. Shriram Balanced Advantage Fund charges 0.90% a year and Shriram Money Market Fund 0.12% (Direct plans). Their portfolios overlap 10.7%: they hold 2 of the same securities.
Shriram Balanced Advantage Fund
Balanced Advantage
- Expense ratio
- 0.90%
- NAV
- ₹18.32
Which is better, Shriram Balanced Advantage or Shriram Money Market? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Shriram Money Market costs less: 0.12% a year against 0.90% (Direct plans).
- Shriram Money Market fell less in its worst fall since 28-01-2026: −0.2% against −9.1%.
- Shriram Money Market is the larger fund: ₹78 Cr against ₹41 Cr.
- Their portfolios overlap 10.7%: 2 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 Money Market Fund |
|---|---|---|
| Fund house | Shriram Mutual Fund | Shriram Mutual Fund |
| Category | Balanced Advantage | Money Market |
| AUM | ₹41 Cr (30-09-2026) | ₹78 Cr (30-09-2026) |
| NAV | ₹18.32 (Direct) | ₹1,048.23 (Direct) |
| Expense ratio (Direct) | 0.90% | 0.12% |
| Expense ratio (Regular) | 2.57% | 0.35% |
| Riskometer | Very High | Low to Moderate |
| Benchmark | CRISIL Hybrid 50+50 - Moderate Index | NIFTY Money Market Index A-I |
| Launch date | 05-07-2019 | 27-01-2026 |
| Minimum investment | ₹500 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Hitesh Savanth, Prateek Nigudkar, Amit Modani | Amit Modani |
| 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 Money Market: 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 Money Market Fund (Direct) | +0.31% | +1.41% | +3.11% | -- | -- | -- | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | -- |
| Money Market average | +0.33% | +1.49% | +3.29% | -- | -- | -- | -- |
Category average: the average of the 38 Balanced Advantage funds and the 27 Money Market funds, same plan type.
Shriram Balanced Advantage vs Shriram Money Market: Year-wise Returns
| Year | Balanced AdvantageShriram Balanced Advantage | Money MarketShriram Money Market |
|---|---|---|
| 2026to date | −6.00% | -- |
| 2025 | +1.23% | -- |
| 2024 | +11.41% | -- |
| 2023 | +21.45% | -- |
| 2022 | +4.57% | -- |
| 2021 | +11.46% | -- |
Shriram Balanced Advantage vs Shriram Money Market: Rolling Returns
Every holding period of both funds
Shriram Balanced Advantage vs Shriram Money Market: 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 Money Market Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.63% | +6.30% |
| Standard deviation | 9.11% | 0.55% |
| Sharpe ratio | 0.38 | 1.98 |
| Sortino ratio | 0.51 | 3.13 |
| Maximum drawdown | −14.6% (23-03-2020) | −0.2% (22-05-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 Money Market Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Shriram Balanced Advantage Fund (Direct) | −9.1% | 11-02-2026 | 30-03-2026 | Not yet | -- | −5.6% |
| Shriram Money Market Fund (Direct) | −0.2% | 11-05-2026 | 22-05-2026 | 01-06-2026 | 10 days | 0.0% |
From daily values since 28-01-2026, the first day every fund has.
Shriram Balanced Advantage vs Shriram Money Market: Portfolio Overlap
From each fund's latest monthly portfolio: Shriram Balanced Advantage Fund, September 2026; Shriram Money Market Fund, September 2026
Holdings in common
- Overlap
- 10.7%
- Held by both
- 2
- Only in Shriram Balanced Advantage
- 75
- Only in Shriram Money Market
- 8
| Security | % of Shriram Balanced Advantage | % of Shriram Money Market |
|---|---|---|
| BANK OF BARODA CD RED 12-02-27 | 5.96% | 11.23% |
| UNION BANK OF INDIA CD RED 22-02-2027 | 4.76% | 11.21% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 10.7% means 10.7% 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% |
| HDFC Bank Ltd. | 4.97% |
| 6.54% GOVT OF INDIA RED 17-01-2032 | 4.85% |
| ICICI Bank Ltd. | 4.09% |
| Reliance Industries Ltd. | 3.99% |
Largest holdings only in Shriram Money Market Fund
| Security | % of fund |
|---|---|
| HDFC BANK CD RED 24-02-2027 | 12.45% |
| KOTAK SECURITIES LTD CP RED 23-02-2027 | 12.42% |
| EXIM BANK CP RED 12-03-27 | 12.41% |
| NABARD CD RED 18-03-2027 | 12.38% |
| 364 DAYS TBILL RED 10-12-2026 | 6.33% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Shriram Balanced Advantage | Shriram Money Market |
|---|---|---|
| Equity | 69.4% | 0.0% |
| Debt | 21.7% | 90.8% |
| Cash and others | 8.9% | 9.2% |
Market cap of stocks
| Market cap | Shriram Balanced Advantage | Shriram Money Market |
|---|---|---|
| Large Cap | 54.5% | -- |
| Mid Cap | 4.6% | -- |
| Small Cap | 9.9% | -- |
| Not on AMFI's list | 0.3% | -- |
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 | Shriram Balanced Advantage | Shriram Money Market |
|---|---|---|
| Banks | 15.8% | 0.0% |
| Automobiles | 4.9% | 0.0% |
| Pharmaceuticals & Biotechnology | 4.8% | 0.0% |
| IT - Software | 4.8% | 0.0% |
| Petroleum Products | 4.5% | 0.0% |
| Telecom - Services | 2.9% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Shriram Balanced Advantage vs Shriram Money Market: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Shriram Balanced Advantage Fund | Shriram Money Market Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.90% | 0.12% |
| Base expense ratio (Direct) | 0.64% | 0.09% |
| Total expense ratio (Regular) | 2.57% | 0.35% |
| Base expense ratio (Regular) | 2.09% | 0.28% |
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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Shriram Balanced Advantage Fund vs Shriram Money Market Fund: Frequently Asked Questions
What is the difference between Shriram Balanced Advantage Fund and Shriram Money Market Fund?
Shriram Balanced Advantage Fund is a Balanced Advantage fund, Shriram Money Market Fund is a Money Market fund, run by Shriram Mutual Fund. Their portfolios overlap 10.7%. Shriram Balanced Advantage Fund charges 0.90% a year and Shriram Money Market Fund 0.12%.
Which has the lower expense ratio, Shriram Balanced Advantage Fund or Shriram Money Market Fund?
Shriram Money Market Fund charges less: 0.12% a year against 0.90%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Shriram Balanced Advantage Fund and Shriram Money Market Fund overlap?
10.7%. They hold 2 of the same securities, the largest shared ones being BANK OF BARODA CD RED 12-02-27, UNION BANK OF INDIA CD RED 22-02-2027. From each fund's latest monthly portfolio.
Which is riskier, Shriram Balanced Advantage Fund or Shriram Money Market Fund?
On SEBI's riskometer, Shriram Balanced Advantage Fund is rated Very High and Shriram Money Market Fund Low to Moderate. Over their common history, the standard deviation of daily returns was 9.11% and 0.55% a year.
Can I invest in both Shriram Balanced Advantage Fund and Shriram Money Market Fund?
Yes. 10.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Shriram Balanced Advantage Fund and Shriram Money Market Fund?
Shriram Balanced Advantage Fund: Hitesh Savanth, Prateek Nigudkar, Amit Modani. Shriram Money Market Fund: Amit Modani.
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.