Shriram Balanced Advantage Fund vs Shriram Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Shriram Balanced Advantage Fund is a Balanced Advantage fund and Shriram Multi Asset Allocation Fund is a Multi Asset fund. In the 3 years to 30-10-2026, Shriram Balanced Advantage Fund (Direct) returned 6.0% a year and Shriram Multi Asset Allocation Fund (Direct) returned 10.1% a year. Shriram Balanced Advantage Fund charges 0.90% a year and Shriram Multi Asset Allocation Fund 0.62% (Direct plans). Their portfolios overlap 68.6%: they hold 68 of the same securities.
Shriram Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 6.0%
- Expense ratio
- 0.90%
- NAV
- ₹18.32
Shriram Multi Asset Allocation Fund
Multi Asset
- 3 year return
- 10.1%
- Expense ratio
- 0.62%
- NAV
- ₹13.29
Which is better, Shriram Balanced Advantage or Shriram 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.
- Shriram Multi Asset Allocation returned more over 3 years: 10.1% a year against 6.0%.
- Shriram Multi Asset Allocation returned more over 1 year: 0.0% against −5.0%.
- Shriram Multi Asset Allocation costs less: 0.62% a year against 0.90% (Direct plans).
- Shriram Balanced Advantage swung less over 3 years: a standard deviation of 10.0% a year against 11.9%.
- Shriram Balanced Advantage fell less in its worst fall since 15-09-2023: −13.7% against −15.3%.
- Shriram Multi Asset Allocation is the larger fund: ₹140 Cr against ₹41 Cr.
- Their portfolios overlap 68.6%: 68 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 Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Shriram Mutual Fund | Shriram Mutual Fund |
| Category | Balanced Advantage | Multi Asset |
| AUM | ₹41 Cr (30-09-2026) | ₹140 Cr (30-09-2026) |
| NAV | ₹18.32 (Direct) | ₹13.29 (Direct) |
| Expense ratio (Direct) | 0.90% | 0.62% |
| Expense ratio (Regular) | 2.57% | 2.48% |
| Riskometer | Very High | Very High |
| Benchmark | CRISIL Hybrid 50+50 - Moderate Index | Nifty 50 TRI 70% + NIFTY Short Duration Debt Index 20% + Domestic prices of Gold 8% + Domestic prices of Silver 2% |
| Launch date | 05-07-2019 | 08-09-2023 |
| Minimum investment | ₹500 | ₹500 |
| Lock in | None | None |
| Fund managers | Hitesh Savanth, Prateek Nigudkar, Amit Modani | Hitesh Savanth, Prateek Nigudkar, Amit Modani |
| Exit load | Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days. | Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days. |
Shriram Balanced Advantage vs Shriram 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 |
|---|---|---|---|---|---|---|---|
| Shriram Balanced Advantage Fund (Direct) | +0.07% | −3.87% | −1.76% | −4.97% | +6.02% | +6.03% | -- |
| Shriram Multi Asset Allocation Fund (Direct) | −1.21% | −4.16% | −2.47% | +0.01% | +10.13% | -- | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | -- |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | +14.20% | -- | -- |
Category average: the average of the 38 Balanced Advantage funds and the 37 Multi Asset funds, same plan type.
Shriram Balanced Advantage vs Shriram Multi Asset Allocation: Year-wise Returns
| Year | Balanced AdvantageShriram Balanced Advantage | Multi Asset AllocationShriram Multi Asset Allocation |
|---|---|---|
| 2026to date | −6.00% | −3.87% |
| 2025 | +1.23% | +10.12% |
| 2024 | +11.41% | +10.91% |
| 2023 | +21.45% | -- |
| 2022 | +4.57% | -- |
| 2021 | +11.46% | -- |
Shriram Balanced Advantage vs Shriram Multi Asset Allocation: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 30 of them, one for each trading day from 15-09-2026 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 Multi Asset Allocation Fund (Direct)
to
Sept 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shriram Balanced Advantage | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 5.9% | 5.8% | 5.3% | 6.7% |
| Shriram Multi Asset Allocation | 0.0 | 0.0 | 6.7 | 93.3 | 0.0 | 0.0 | 0.0 | 10.6% | 10.5% | 9.8% | 11.5% |
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. Every fund is measured over the days all of them have, from 15-09-2023. Past returns do not promise future returns.
Shriram Balanced Advantage vs Shriram Multi Asset Allocation: 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 01-09-2023 to 30-10-2026: 38 instalments, ₹3,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Shriram Balanced AdvantageShriram Balanced Advantage Fund (Direct) | ₹3,80,000 | ₹3,79,198 | −₹802 | −0.1% |
| Shriram Multi Asset AllocationShriram Multi Asset Allocation Fund (Direct) | ₹3,80,000 | ₹4,06,456 | ₹26,456 | 4.2% |
Shriram Balanced AdvantageShriram Balanced Advantage Fund (Direct)
Shriram Multi Asset AllocationShriram Multi Asset Allocation 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 Multi Asset Allocation: 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 Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.97% | +0.01% |
| Standard deviation | 9.02% | 11.83% |
| Sharpe ratio | -1.13 | -0.44 |
| Sortino ratio | -1.51 | -0.59 |
| Maximum drawdown | −9.7% (30-03-2026) | −11.1% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.02% | +10.13% |
| Standard deviation | 10.03% | 11.90% |
| Sharpe ratio | -0.00 | 0.34 |
| Sortino ratio | -0.00 | 0.45 |
| Maximum drawdown | −13.7% (28-02-2025) | −15.3% (28-02-2025) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.63% | +9.43% |
| Standard deviation | 9.11% | 11.74% |
| Sharpe ratio | 0.38 | 0.29 |
| Sortino ratio | 0.51 | 0.38 |
| Maximum drawdown | −14.6% (23-03-2020) | −15.3% (28-02-2025) |
| 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 Multi Asset Allocation 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) | −13.7% | 27-09-2024 | 28-02-2025 | Not yet | -- | −9.2% |
| Shriram Multi Asset Allocation Fund (Direct) | −15.3% | 15-07-2024 | 28-02-2025 | 17-10-2025 | 8 months | −7.3% |
From daily values since 15-09-2023, 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 Multi Asset Allocation Fund (Direct)
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 Multi Asset Allocation Fund (Direct)
Shriram Balanced Advantage vs Shriram Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Shriram Balanced Advantage Fund, September 2026; Shriram Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 68.6%
- Held by both
- 68
- Only in Shriram Balanced Advantage
- 9
- Only in Shriram Multi Asset Allocation
- 18
| Security | % of Shriram Balanced Advantage | % of Shriram Multi Asset Allocation |
|---|---|---|
| BANK OF BARODA CD RED 12-02-27 | 5.96% | 6.99% |
| UNION BANK OF INDIA CD RED 22-02-2027 | 4.76% | 7.68% |
| ICICI Bank Ltd. | 4.09% | 3.94% |
| HDFC Bank Ltd. | 4.97% | 3.93% |
| Reliance Industries Ltd. | 3.99% | 3.88% |
| State Bank of India | 3.06% | 2.88% |
| Bharti Airtel Ltd. | 2.85% | 2.91% |
| Axis Bank Ltd. | 2.27% | 2.61% |
| Sun Pharmaceutical Industries Ltd. | 2.39% | 2.26% |
| Mahindra & Mahindra Ltd. | 2.50% | 2.13% |
| Kotak Mahindra Bank Ltd. | 1.46% | 1.94% |
| ITC Ltd. | 2.30% | 1.34% |
| Eternal Ltd. | 1.29% | 1.30% |
| SBI Life Insurance Company Ltd. | 1.28% | 1.73% |
| Infosys Ltd. | 1.97% | 1.24% |
| HCL Technologies Ltd. | 1.77% | 1.23% |
| InterGlobe Aviation Ltd. | 1.45% | 1.18% |
| Larsen & Toubro Ltd. | 1.10% | 1.19% |
| Tata Consultancy Services Ltd. | 1.08% | 1.26% |
| VARUN BEVERAGES LIMITED | 1.03% | 1.27% |
| NTPC Ltd. | 1.02% | 1.10% |
| Maruti Suzuki India Ltd. | 1.08% | 0.99% |
| Adani Ports & Special Economic Zone Ltd. | 0.82% | 0.81% |
| Kalpataru Projects International Ltd. | 0.84% | 0.80% |
| R R Kabel Ltd. | 0.83% | 0.78% |
| Rainbow Children's Medicare Ltd. | 0.91% | 0.76% |
| Ambuja Cements Ltd. | 0.95% | 0.75% |
| Kirloskar Oil Engines Ltd. | 0.76% | 0.74% |
| Canara Robeco Asset Mgmt Co Ltd. | 0.73% | 0.78% |
| Sapphire Foods India Ltd. | 0.74% | 0.70% |
| Oil India Ltd. | 0.75% | 0.68% |
| Premier Energies Ltd. | 0.67% | 0.76% |
| TVS Motor Company Ltd. | 0.67% | 1.02% |
| Samhi Hotels Ltd. | 0.65% | 0.71% |
| Divi's Laboratories Ltd. | 0.64% | 0.97% |
| Cipla Ltd. | 0.87% | 0.63% |
| Ajanta Pharma Ltd. | 0.65% | 0.58% |
| Dodla Dairy Ltd. | 0.58% | 0.58% |
| Deepak Fertilizers & Petrochem Corp Ltd. | 0.53% | 0.72% |
| Oil & Natural Gas Corporation Ltd. | 0.59% | 0.46% |
| REC Ltd. | 0.46% | 0.45% |
| Tata Motors Ltd. | 0.42% | 0.62% |
| LT Foods Ltd. | 0.50% | 0.41% |
| Bharat Petroleum Corporation Ltd. | 0.41% | 0.53% |
| Bharat Electronics Ltd. | 1.50% | 0.40% |
| Metropolis Healthcare Ltd. | 0.37% | 0.41% |
| Sagility Ltd. | 0.37% | 0.40% |
| Power Grid Corporation of India Ltd. | 1.06% | 0.34% |
| TIPS Music Ltd. | 0.37% | 0.34% |
| DLF Ltd. | 0.33% | 0.44% |
| Emami Ltd. | 0.33% | 0.45% |
| NMDC Ltd. | 0.44% | 0.29% |
| Cohance Lifesciences Ltd. | 0.30% | 0.26% |
| HDFC Life Insurance Company Ltd. | 0.26% | 0.67% |
| Juniper Green Energy Ltd. | 0.26% | 0.25% |
| Marico Ltd. | 0.25% | 0.60% |
| Delhivery Ltd. | 0.25% | 0.35% |
| Sona BLW Precision Forgings Ltd. | 0.27% | 0.23% |
| Swiggy Ltd. | 0.22% | 0.28% |
| Coal India Ltd. | 0.20% | 0.86% |
| Apollo Hospitals Enterprise Ltd. | 0.20% | 0.20% |
| GMR Airports Ltd. | 0.20% | 0.26% |
| PB Fintech Ltd. | 0.21% | 0.19% |
| Power Mech Projects Ltd. | 0.19% | 0.16% |
| Krsnaa Diagnostics Ltd. | 0.13% | 0.11% |
| KFIN Technologies Ltd. | 0.05% | 0.05% |
| LG Electronics India Ltd. | 0.03% | 0.03% |
| SBI Funds Management Ltd. | 0.02% | 0.02% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 68.6% means 68.6% 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% |
| 6.54% GOVT OF INDIA RED 17-01-2032 | 4.85% |
| Bajaj Holdings & Investment Ltd. | 1.56% |
| Eicher Motors Ltd. | 0.68% |
| EID Parry India Ltd. | 0.51% |
Largest holdings only in Shriram Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| NIPPON INDIA ETF GOLD BEES | 12.24% |
| NIPPON IND MUT FD-NIPPON IND SILVER ETF | 2.18% |
| Bajaj Finance Ltd. | 2.02% |
| Tata Steel Ltd. | 0.95% |
| Ratnamani Metals & Tubes Ltd. | 0.71% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Shriram Balanced Advantage | Shriram Multi Asset Allocation |
|---|---|---|
| Equity | 69.4% | 69.7% |
| Debt | 21.7% | 15.5% |
| Cash and others | 8.9% | 14.8% |
Market cap of stocks
| Market cap | Shriram Balanced Advantage | Shriram Multi Asset Allocation |
|---|---|---|
| Large Cap | 54.5% | 53.3% |
| Mid Cap | 4.6% | 5.2% |
| Small Cap | 9.9% | 11.0% |
| Not on AMFI's list | 0.3% | 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 Multi Asset Allocation |
|---|---|---|
| Banks | 15.8% | 15.5% |
| Pharmaceuticals & Biotechnology | 4.8% | 5.1% |
| Automobiles | 4.9% | 4.7% |
| IT - Software | 4.8% | 3.7% |
| Petroleum Products | 4.5% | 4.4% |
| Telecom - Services | 2.9% | 2.9% |
The six largest sectors of each fund's stocks, % of the fund.
Shriram Balanced Advantage vs Shriram Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Shriram Balanced Advantage Fund | Shriram Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.90% | 0.62% |
| Base expense ratio (Direct) | 0.64% | 0.46% |
| Total expense ratio (Regular) | 2.57% | 2.48% |
| Base expense ratio (Regular) | 2.09% | 2.06% |
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 Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Shriram Balanced Advantage Fund and Shriram Multi Asset Allocation Fund?
Shriram Balanced Advantage Fund is a Balanced Advantage fund, Shriram Multi Asset Allocation Fund is a Multi Asset fund, run by Shriram Mutual Fund. Their portfolios overlap 68.6%. Shriram Balanced Advantage Fund charges 0.90% a year and Shriram Multi Asset Allocation Fund 0.62%.
Which has given higher returns, Shriram Balanced Advantage Fund or Shriram Multi Asset Allocation Fund?
Over 1 year: Shriram Balanced Advantage Fund −4.97%, Shriram Multi Asset Allocation Fund +0.01%. Over 3 years: Shriram Balanced Advantage Fund +6.02% a year, Shriram Multi Asset Allocation Fund +10.13% 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 Multi Asset Allocation Fund?
Shriram Multi Asset Allocation Fund charges less: 0.62% 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 Multi Asset Allocation Fund overlap?
68.6%. They hold 68 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, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, Shriram Balanced Advantage Fund or Shriram Multi Asset Allocation Fund?
On SEBI's riskometer, Shriram Balanced Advantage Fund is rated Very High and Shriram Multi Asset Allocation Fund Very High. Over 3 years, the standard deviation of daily returns was 10.03% and 11.90% a year.
Which is better for SIP, Shriram Balanced Advantage Fund or Shriram Multi Asset Allocation Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,67,185 in Shriram Balanced Advantage Fund (XIRR -0.5% a year) and ₹3,93,205 in Shriram Multi Asset Allocation Fund (XIRR 3.9% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Shriram Balanced Advantage Fund and Shriram Multi Asset Allocation Fund?
Yes. 68.6% 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 Multi Asset Allocation Fund?
Shriram Balanced Advantage Fund: Hitesh Savanth, Prateek Nigudkar, Amit Modani. Shriram Multi Asset Allocation Fund: Hitesh Savanth, Prateek Nigudkar, 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.