Tata Balanced Advantage Fund vs Tata Business Cycle Fund
Direct Plan, Growth option · Data as on 30-10-2026
Tata Balanced Advantage Fund is a Balanced Advantage fund and Tata Business Cycle Fund is a Thematic fund. In the 3 years to 30-10-2026, Tata Balanced Advantage Fund (Direct) returned 7.4% a year and Tata Business Cycle Fund (Direct) returned 9.1% a year. Tata Balanced Advantage Fund charges 0.69% a year and Tata Business Cycle Fund 0.94% (Direct plans). Their portfolios overlap 36.1%: they hold 27 of the same securities.
Tata Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 7.4%
- Expense ratio
- 0.69%
- NAV
- ₹22.27
Tata Business Cycle Fund
Thematic
- 3 year return
- 9.1%
- Expense ratio
- 0.94%
- NAV
- ₹18.57
Which is better, Tata Balanced Advantage or Tata Business Cycle? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Tata Business Cycle returned more over 5 years: 11.9% a year against 7.9%.
- Tata Business Cycle returned more over 3 years: 9.1% a year against 7.4%.
- Tata Balanced Advantage costs less: 0.69% a year against 0.94% (Direct plans).
- Tata Balanced Advantage swung less over 3 years: a standard deviation of 7.5% a year against 14.8%.
- Tata Balanced Advantage fell less in its worst fall since 11-08-2021: −8.4% against −20.0%.
- Tata Balanced Advantage is the larger fund: ₹8,005 Cr against ₹2,416 Cr.
- Their portfolios overlap 36.1%: 27 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 | Tata Balanced Advantage Fund | Tata Business Cycle Fund |
|---|---|---|
| Fund house | Tata Mutual Fund | Tata Mutual Fund |
| Category | Balanced Advantage | Thematic |
| AUM | ₹8,005 Cr (30-09-2026) | ₹2,416 Cr (30-09-2026) |
| NAV | ₹22.27 (Direct) | ₹18.57 (Direct) |
| Expense ratio (Direct) | 0.69% | 0.94% |
| Expense ratio (Regular) | 1.86% | 2.19% |
| Riskometer | Very High | Very High |
| Benchmark | CRISIL Hybrid 50+50 - Moderate Index | Nifty 500 TRI |
| Launch date | 28-01-2019 | 04-08-2021 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Rahul Singh, Sailesh Jain, Murthy Nagarajan, Amit Somani | Murthy Nagarajan, Rahul Singh, Sailesh Jain, Hasmukh Vishariya |
| Exit load | Exit load of 0.50%, if redeemed within 30 days. | Exit load of 0.50%, if redeemed within 30 days. |
Tata Balanced Advantage vs Tata Business Cycle: 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 |
|---|---|---|---|---|---|---|---|
| Tata Balanced Advantage Fund (Direct) | −1.59% | −6.19% | −2.95% | −4.29% | +7.38% | +7.88% | -- |
| Tata Business Cycle Fund (Direct) | −5.10% | −10.05% | −6.25% | −9.95% | +9.10% | +11.90% | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | -- |
Category average: the average of the 38 Balanced Advantage funds and the 235 Thematic funds, same plan type.
Tata Balanced Advantage vs Tata Business Cycle: Year-wise Returns
| Year | Balanced AdvantageTata Balanced Advantage | Business CycleTata Business Cycle |
|---|---|---|
| 2026to date | −5.05% | −8.85% |
| 2025 | +7.38% | +2.23% |
| 2024 | +12.27% | +20.37% |
| 2023 | +18.70% | +36.54% |
| 2022 | +7.14% | +15.42% |
| 2021 | +18.43% | -- |
Tata Balanced Advantage vs Tata Business Cycle: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Tata Business Cycle Fund
Rolling returns
Every 3-year holding period, 547 of them, one for each trading day from 12-08-2024 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.
Tata Balanced Advantage Fund (Direct)
Tata Business Cycle Fund (Direct)
Nifty 500 TRI
to
Oct 2024Mar 2022
to
Mar 2025Jul 2022
to
Jul 2025Dec 2022
to
Dec 2025Apr 2023
to
Apr 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tata Balanced Advantage | 0.0 | 0.0 | 10.4 | 87.4 | 2.2 | 0.0 | 0.0 | 12.0% | 12.2% | 6.9% | 15.4% | 0% |
| Tata Business Cycle | 0.0 | 0.0 | 2.9 | 9.3 | 39.9 | 31.1 | 16.8 | 20.1% | 19.7% | 8.5% | 28.2% | 98% |
| Nifty 500 TRI | 0.0 | 0.0 | 3.5 | 34.6 | 56.1 | 5.9 | 0.0 | 15.5% | 15.6% | 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 11-08-2021. Past returns do not promise future returns.
Tata Balanced Advantage vs Tata Business Cycle: 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 02-08-2021 to 30-10-2026: 63 instalments, ₹6,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Tata Balanced AdvantageTata Balanced Advantage Fund (Direct) | ₹6,30,000 | ₹7,42,687 | ₹1,12,687 | 6.2% |
| Tata Business CycleTata Business Cycle Fund (Direct) | ₹6,30,000 | ₹7,89,971 | ₹1,59,971 | 8.6% |
Tata Balanced AdvantageTata Balanced Advantage Fund (Direct)
Tata Business CycleTata Business Cycle 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.
Tata Balanced Advantage vs Tata Business Cycle: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Tata Balanced Advantage Fund (Direct) | Tata Business Cycle Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.29% | −9.95% |
| Standard deviation | 8.99% | 15.50% |
| Sharpe ratio | -1.06 | -0.98 |
| Sortino ratio | -1.40 | -1.28 |
| Maximum drawdown | −8.4% (23-10-2026) | −14.1% (31-03-2026) |
| Beta | -- | 1.03 |
| Alpha | -- | −2.19% |
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 | Tata Balanced Advantage Fund (Direct) | Tata Business Cycle Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.38% | +9.10% |
| Standard deviation | 7.55% | 14.78% |
| Sharpe ratio | 0.18 | 0.21 |
| Sortino ratio | 0.24 | 0.28 |
| Maximum drawdown | −8.4% (23-10-2026) | −20.0% (03-03-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | −1.13% |
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 | Tata Balanced Advantage Fund (Direct) | Tata Business Cycle Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.88% | +11.90% |
| Standard deviation | 7.13% | 14.83% |
| Sharpe ratio | 0.29 | 0.41 |
| Sortino ratio | 0.40 | 0.55 |
| Maximum drawdown | −8.4% (23-10-2026) | −20.0% (03-03-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | +3.09% |
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 | Tata Balanced Advantage Fund (Direct) | Tata Business Cycle Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.87% | +12.62% |
| Standard deviation | 8.79% | 14.65% |
| Sharpe ratio | 0.65 | 0.47 |
| Sortino ratio | 0.88 | 0.63 |
| Maximum drawdown | −20.0% (23-03-2020) | −20.0% (03-03-2025) |
| Beta | -- | 0.99 |
| Alpha | -- | +2.43% |
From daily NAVs, 29-01-2019 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.
Tata Balanced Advantage Fund (Direct)
Tata Business Cycle Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Tata Balanced Advantage Fund (Direct) | −8.4% | 03-08-2026 | 23-10-2026 | Not yet | -- | −7.4% |
| Tata Business Cycle Fund (Direct) | −20.0% | 27-09-2024 | 03-03-2025 | Not yet | -- | −14.8% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 11-08-2021, 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.
Tata Balanced Advantage Fund (Direct)
Tata Business Cycle 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.
Tata Balanced Advantage Fund (Direct)
Tata Business Cycle 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.
Tata Balanced Advantage Fund (Direct)
Tata Business Cycle Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Tata Balanced Advantage Fund (Direct) | 59% | 44% | 7.20% |
| Tata Business Cycle Fund (Direct) | 105% | 89% | 4.25% |
From month-end values since 11-08-2021. 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.
Tata Balanced Advantage vs Tata Business Cycle: Portfolio Overlap
From each fund's latest monthly portfolio: Tata Balanced Advantage Fund, September 2026; Tata Business Cycle Fund, September 2026
Holdings in common
- Overlap
- 36.1%
- Held by both
- 27
- Only in Tata Balanced Advantage
- 83
- Only in Tata Business Cycle
- 22
| Security | % of Tata Balanced Advantage | % of Tata Business Cycle |
|---|---|---|
| RELIANCE INDUSTRIES LTD | 4.21% | 4.80% |
| HDFC BANK LTD | 3.07% | 3.73% |
| LARSEN & TOUBRO LTD | 2.00% | 2.92% |
| APOLLO HOSPITALS ENTERPRISE LTD | 1.96% | 1.95% |
| SHRIRAM FINANCE LTD | 1.87% | 2.35% |
| GODREJ PROPERTIES LTD | 1.57% | 2.10% |
| ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD | 1.55% | 1.85% |
| DR. LAL PATH LABS LTD | 1.52% | 1.93% |
| CUMMINS INDIA LTD | 1.43% | 2.58% |
| BAJAJ FINSERV LTD | 1.42% | 1.50% |
| AXIS BANK LTD | 1.35% | 3.95% |
| TATA STEEL LTD | 1.29% | 2.03% |
| NIVA BUPA HEALTH INSURANCE COMPANY LTD | 1.16% | 2.41% |
| DELHIVERY LTD | 1.01% | 2.78% |
| OIL & NATURAL GAS CO. | 1.01% | 2.14% |
| PB FINTECH LTD | 1.01% | 2.13% |
| HINDUSTAN UNILEVER LTD | 1.20% | 0.97% |
| AMBUJA CEMENTS LTD | 0.95% | 2.42% |
| VARUN BEVERAGES LTD | 0.91% | 1.76% |
| HDFC LIFE INSURANCE CO. LTD | 0.90% | 1.38% |
| ICICI LOMBARD GENERAL INSURANCE CO. LTD | 0.88% | 1.50% |
| ADANI ENERGY SOLUTIONS LTD | 0.82% | 2.53% |
| ONE 97 COMMUNICATIONS LTD | 0.82% | 1.95% |
| SEDEMAC MECHATRONICS LTD | 0.79% | 1.99% |
| VEDANTA ALUMINIUM METAL LTD | 0.73% | 1.99% |
| SHREE CEMENT LTD | 1.20% | 0.49% |
| METROPOLIS HEALTHCARE LTD | 0.45% | 4.25% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.1% means 36.1% 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 Tata Balanced Advantage Fund
| Security | % of fund |
|---|---|
| BHARTI AIRTEL LTD | 3.01% |
| ICICI BANK LTD | 2.44% |
| GOI - 7.34% (22/04/2064) | 2.26% |
| GOI - 6.54% (17/01/2032) | 1.96% |
| GOI - 7.09% (05/08/2054) | 1.75% |
Largest holdings only in Tata Business Cycle Fund
| Security | % of fund |
|---|---|
| JINDAL STEEL LTD | 3.92% |
| L&T FINANCE LTD | 2.96% |
| RATNAMANI METALS & TUBES LTD | 2.52% |
| MARICO LTD | 2.08% |
| THE RAMCO CEMENTS LTD | 1.99% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Tata Balanced Advantage | Tata Business Cycle |
|---|---|---|
| Equity | 65.6% | 97.8% |
| Debt | 27.8% | 0.0% |
| Cash and others | 6.6% | 2.2% |
Market cap of stocks
| Market cap | Tata Balanced Advantage | Tata Business Cycle |
|---|---|---|
| Large Cap | 46.1% | 46.1% |
| Mid Cap | 10.2% | 21.3% |
| Small Cap | 8.2% | 29.5% |
| Not on AMFI's list | 1.0% | 0.9% |
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 | Tata Balanced Advantage | Tata Business Cycle |
|---|---|---|
| Banks | 9.9% | 9.1% |
| Finance | 5.9% | 8.7% |
| Healthcare Services | 3.9% | 8.1% |
| Industrial Products | 1.5% | 7.0% |
| Cement & Cement Products | 2.1% | 6.7% |
| Ferrous Metals | 1.3% | 6.0% |
| Insurance | 4.8% | 5.3% |
| Petroleum Products | 5.1% | 4.8% |
| Telecom - Services | 3.0% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Tata Balanced Advantage vs Tata Business Cycle: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Tata Balanced Advantage Fund | Tata Business Cycle Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.69% | 0.94% |
| Base expense ratio (Direct) | 0.50% | 0.64% |
| Total expense ratio (Regular) | 1.86% | 2.19% |
| Base expense ratio (Regular) | 1.52% | 1.72% |
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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Tata Balanced Advantage Fund vs Tata Business Cycle Fund: Frequently Asked Questions
What is the difference between Tata Balanced Advantage Fund and Tata Business Cycle Fund?
Tata Balanced Advantage Fund is a Balanced Advantage fund, Tata Business Cycle Fund is a Thematic fund, run by Tata Mutual Fund. Their portfolios overlap 36.1%. Tata Balanced Advantage Fund charges 0.69% a year and Tata Business Cycle Fund 0.94%.
Which has given higher returns, Tata Balanced Advantage Fund or Tata Business Cycle Fund?
Over 1 year: Tata Balanced Advantage Fund −4.29%, Tata Business Cycle Fund −9.95%. Over 3 years: Tata Balanced Advantage Fund +7.38% a year, Tata Business Cycle Fund +9.10% a year. Over 5 years: Tata Balanced Advantage Fund +7.88% a year, Tata Business Cycle Fund +11.90% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Tata Balanced Advantage Fund or Tata Business Cycle Fund?
Tata Balanced Advantage Fund charges less: 0.69% a year against 0.94%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Tata Balanced Advantage Fund and Tata Business Cycle Fund overlap?
36.1%. They hold 27 of the same securities, the largest shared ones being RELIANCE, HDFCBANK, LT. From each fund's latest monthly portfolio.
Which is riskier, Tata Balanced Advantage Fund or Tata Business Cycle Fund?
On SEBI's riskometer, Tata Balanced Advantage Fund is rated Very High and Tata Business Cycle Fund Very High. Over 3 years, the standard deviation of daily returns was 7.55% and 14.78% a year.
Which is better for SIP, Tata Balanced Advantage Fund or Tata Business Cycle Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,12,542 in Tata Balanced Advantage Fund (XIRR 6.1% a year) and ₹7,53,142 in Tata Business Cycle Fund (XIRR 8.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Tata Balanced Advantage Fund and Tata Business Cycle Fund?
Yes. 36.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Tata Balanced Advantage Fund and Tata Business Cycle Fund?
Tata Balanced Advantage Fund: Rahul Singh, Sailesh Jain, Murthy Nagarajan, Amit Somani. Tata Business Cycle Fund: Murthy Nagarajan, Rahul Singh, Sailesh Jain, Hasmukh Vishariya.
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.