Tata Balanced Advantage Fund vs Tata Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Tata Balanced Advantage Fund is a Balanced Advantage fund and Tata Multi Asset Allocation Fund is a Multi Asset fund. In the 3 years to 30-10-2026, Tata Balanced Advantage Fund (Direct) returned 7.4% a year and Tata Multi Asset Allocation Fund (Direct) returned 12.2% a year. Tata Balanced Advantage Fund charges 0.69% a year and Tata Multi Asset Allocation Fund 0.65% (Direct plans). Their portfolios overlap 41.8%: they hold 45 of the same securities.
Tata Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 7.4%
- Expense ratio
- 0.69%
- NAV
- ₹22.27
Tata Multi Asset Allocation Fund
Multi Asset
- 3 year return
- 12.2%
- Expense ratio
- 0.65%
- NAV
- ₹26.80
Which is better, Tata Balanced Advantage or Tata 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.
- Tata Multi Asset Allocation returned more over 5 years: 11.1% a year against 7.9%.
- Tata Multi Asset Allocation returned more over 3 years: 12.2% a year against 7.4%.
- Tata Multi Asset Allocation costs less: 0.65% a year against 0.69% (Direct plans).
- Tata Balanced Advantage swung less over 3 years: a standard deviation of 7.5% a year against 9.2%.
- Tata Multi Asset Allocation fell less in its worst fall since 12-03-2020: −13.5% against −14.1%.
- Tata Balanced Advantage is the larger fund: ₹8,005 Cr against ₹5,000 Cr.
- Their portfolios overlap 41.8%: 45 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 Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Tata Mutual Fund | Tata Mutual Fund |
| Category | Balanced Advantage | Multi Asset |
| AUM | ₹8,005 Cr (30-09-2026) | ₹5,000 Cr (30-09-2026) |
| NAV | ₹22.27 (Direct) | ₹26.80 (Direct) |
| Expense ratio (Direct) | 0.69% | 0.65% |
| Expense ratio (Regular) | 1.86% | 1.96% |
| Riskometer | Very High | Very High |
| Benchmark | CRISIL Hybrid 50+50 - Moderate Index | (65%) BSE 200 + (15%) CRISIL Short Term Bond Index + (20%) iCOMDEX Composite Index TRI |
| Launch date | 28-01-2019 | 04-03-2020 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Rahul Singh, Sailesh Jain, Murthy Nagarajan, Amit Somani | Rahul Singh, Murthy Nagarajan, Sailesh Jain, Amit Somani, Tapan Patel |
| 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 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 |
|---|---|---|---|---|---|---|---|
| Tata Balanced Advantage Fund (Direct) | −1.59% | −6.19% | −2.95% | −4.29% | +7.38% | +7.88% | -- |
| Tata Multi Asset Allocation Fund (Direct) | −1.53% | −4.95% | −2.81% | −1.92% | +12.24% | +11.14% | -- |
| 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% | +12.56% | -- |
Category average: the average of the 38 Balanced Advantage funds and the 37 Multi Asset funds, same plan type.
Tata Balanced Advantage vs Tata Multi Asset Allocation: Year-wise Returns
| Year | Balanced AdvantageTata Balanced Advantage | Multi Asset AllocationTata Multi Asset Allocation |
|---|---|---|
| 2026to date | −5.05% | −4.90% |
| 2025 | +7.38% | +16.53% |
| 2024 | +12.27% | +16.25% |
| 2023 | +18.70% | +20.21% |
| 2022 | +7.14% | +8.86% |
| 2021 | +18.43% | +24.63% |
Tata Balanced Advantage vs Tata Multi Asset Allocation: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 893 of them, one for each trading day from 13-03-2023 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 Multi Asset Allocation Fund (Direct)
to
Jun 2023Feb 2021
to
Feb 2024Sept 2021
to
Sept 2024May 2022
to
May 2025Dec 2022
to
Dec 2025Jul 2023
to
Jul 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tata Balanced Advantage | 0.0 | 0.0 | 6.4 | 73.2 | 19.8 | 0.6 | 0.0 | 13.4% | 13.4% | 6.9% | 21.9% |
| Tata Multi Asset Allocation | 0.0 | 0.0 | 0.0 | 18.2 | 68.2 | 13.2 | 0.3 | 17.1% | 17.0% | 11.4% | 26.1% |
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 12-03-2020. Past returns do not promise future returns.
Tata Balanced Advantage vs Tata 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 02-03-2020 to 30-10-2026: 80 instalments, ₹8,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Tata Balanced AdvantageTata Balanced Advantage Fund (Direct) | ₹8,00,000 | ₹10,59,237 | ₹2,59,237 | 8.3% |
| Tata Multi Asset AllocationTata Multi Asset Allocation Fund (Direct) | ₹8,00,000 | ₹12,22,597 | ₹4,22,597 | 12.6% |
Tata Balanced AdvantageTata Balanced Advantage Fund (Direct)
Tata Multi Asset AllocationTata 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.
Tata Balanced Advantage vs Tata Multi Asset Allocation: 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 Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.29% | −1.92% |
| Standard deviation | 8.99% | 10.57% |
| Sharpe ratio | -1.06 | -0.68 |
| Sortino ratio | -1.40 | -0.89 |
| Maximum drawdown | −8.4% (23-10-2026) | −10.3% (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 | Tata Balanced Advantage Fund (Direct) | Tata Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.38% | +12.24% |
| Standard deviation | 7.55% | 9.21% |
| Sharpe ratio | 0.18 | 0.67 |
| Sortino ratio | 0.24 | 0.91 |
| Maximum drawdown | −8.4% (23-10-2026) | −10.3% (23-03-2026) |
| 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 | Tata Balanced Advantage Fund (Direct) | Tata Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.88% | +11.14% |
| Standard deviation | 7.13% | 8.85% |
| Sharpe ratio | 0.29 | 0.60 |
| Sortino ratio | 0.40 | 0.82 |
| Maximum drawdown | −8.4% (23-10-2026) | −10.3% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.87% | +16.84% |
| Standard deviation | 8.79% | 10.44% |
| Sharpe ratio | 0.65 | 1.12 |
| Sortino ratio | 0.88 | 1.52 |
| Maximum drawdown | −20.0% (23-03-2020) | −13.5% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 Multi Asset Allocation Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Tata Balanced Advantage Fund (Direct) | −14.1% | 13-03-2020 | 23-03-2020 | 30-04-2020 | 38 days | −7.4% |
| Tata Multi Asset Allocation Fund (Direct) | −13.5% | 13-03-2020 | 23-03-2020 | 30-04-2020 | 38 days | −6.7% |
From daily values since 12-03-2020, 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 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.
Tata Balanced Advantage Fund (Direct)
Tata Multi Asset Allocation Fund (Direct)
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 Multi Asset Allocation Fund (Direct)
Tata Balanced Advantage vs Tata Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Tata Balanced Advantage Fund, September 2026; Tata Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 41.8%
- Held by both
- 45
- Only in Tata Balanced Advantage
- 65
- Only in Tata Multi Asset Allocation
- 55
| Security | % of Tata Balanced Advantage | % of Tata Multi Asset Allocation |
|---|---|---|
| RELIANCE INDUSTRIES LTD | 4.21% | 3.81% |
| HDFC BANK LTD | 3.07% | 3.58% |
| BHARTI AIRTEL LTD | 3.01% | 2.66% |
| ICICI BANK LTD | 2.44% | 3.15% |
| STATE BANK OF INDIA | 1.56% | 1.55% |
| FEDERAL BANK LTD | 1.46% | 1.47% |
| AXIS BANK LTD | 1.35% | 1.73% |
| ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD | 1.55% | 1.33% |
| LARSEN & TOUBRO LTD | 2.00% | 1.30% |
| NIVA BUPA HEALTH INSURANCE COMPANY LTD | 1.16% | 1.39% |
| MAX FINANCIAL SERVICES LTD | 1.12% | 1.08% |
| TATA STEEL LTD | 1.29% | 1.07% |
| DR. LAL PATH LABS LTD | 1.52% | 1.06% |
| CUMMINS INDIA LTD | 1.43% | 1.04% |
| GOI - 7.10% (08/04/2034) | 1.00% | 1.00% |
| PB FINTECH LTD | 1.01% | 0.96% |
| MAHINDRA & MAHINDRA LTD | 1.45% | 0.93% |
| NTPC LTD | 1.26% | 0.87% |
| ADANI ENERGY SOLUTIONS LTD | 0.82% | 0.97% |
| APOLLO HOSPITALS ENTERPRISE LTD | 1.96% | 0.73% |
| INFOSYS LTD | 1.22% | 0.73% |
| VEDANTA ALUMINIUM METAL LTD | 0.73% | 1.37% |
| SUN PHARMACEUTICAL INDUSTRIES LTD | 1.47% | 0.72% |
| TATA CAPITAL LTD | 1.32% | 0.70% |
| BAJAJ FINANCE LTD | 1.26% | 0.68% |
| ** MUTHOOT FINANCE LTD - 04/09/2029 - FRB | 0.62% | 1.00% |
| TECH MAHINDRA LTD | 0.99% | 0.60% |
| GODREJ PROPERTIES LTD | 1.57% | 0.59% |
| BHARAT PETROLEUM CORPORATION LTD | 0.88% | 0.56% |
| PRESTIGE ESTATES PROJECTS LTD | 0.89% | 0.55% |
| ICICI LOMBARD GENERAL INSURANCE CO. LTD | 0.88% | 0.55% |
| BAJAJ FINSERV LTD | 1.42% | 0.51% |
| AMBUJA CEMENTS LTD | 0.95% | 0.50% |
| ** 08.75 % VEDANTA LTD - 28/09/2029 | 0.94% | 0.50% |
| ** 08.20 % ADANI POWER LTD - 25/01/2029 | 0.93% | 0.50% |
| ** 08.45 % ADANI AIRPORT HOLDINGS LTD . - 12/02/2029 | 0.62% | 0.49% |
| HDFC LIFE INSURANCE CO. LTD | 0.90% | 0.45% |
| GOI - 7.18% (14/08/2033) | 0.44% | 0.40% |
| KEC INTERNATIONAL LTD | 0.52% | 0.39% |
| HINDUSTAN UNILEVER LTD | 1.20% | 0.30% |
| GOI - 6.94% (11/05/2036) | 0.29% | 0.98% |
| OIL & NATURAL GAS CO. | 1.01% | 0.27% |
| ** 08.83 % LIQUID GOLD SERIES 18 - 20/11/2027 | 0.21% | 0.34% |
| GOI - 6.48% (06/10/2035) | 0.18% | 0.48% |
| ** 05.00 % GMR AIRPORTS LTD - 13/02/2027 | 0.07% | 0.32% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 41.8% means 41.8% 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 Tata Balanced Advantage Fund
| Security | % of fund |
|---|---|
| GOI - 7.34% (22/04/2064) | 2.26% |
| GOI - 6.54% (17/01/2032) | 1.96% |
| SHRIRAM FINANCE LTD | 1.87% |
| GOI - 7.09% (05/08/2054) | 1.75% |
| BROOKFIELD INDIA REAL ESTATE TRUST | 1.74% |
Largest holdings only in Tata Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| TATA GOLD EXCHANGE TRADED FUND | 6.04% |
| TATA SILVER EXCHANGE TRADED FUND | 2.26% |
| KOTAK MAHINDRA BANK LTD | 2.03% |
| DR. AGARWALS HEALTH CARE LTD | 1.53% |
| ACME SOLAR HOLDINGS LTD | 1.29% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Tata Balanced Advantage | Tata Multi Asset Allocation |
|---|---|---|
| Equity | 65.6% | 66.6% |
| Debt | 27.8% | 10.7% |
| Cash and others | 6.6% | 22.7% |
Market cap of stocks
| Market cap | Tata Balanced Advantage | Tata Multi Asset Allocation |
|---|---|---|
| Large Cap | 46.1% | 41.6% |
| Mid Cap | 10.2% | 9.2% |
| Small Cap | 8.2% | 15.2% |
| Not on AMFI's list | 1.0% | 0.7% |
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 Multi Asset Allocation |
|---|---|---|
| Banks | 9.9% | 15.6% |
| Finance | 5.9% | 3.4% |
| Petroleum Products | 5.1% | 4.4% |
| Insurance | 4.8% | 4.2% |
| Healthcare Services | 3.9% | 3.9% |
| Power | 2.4% | 3.9% |
| Telecom - Services | 3.0% | 3.3% |
The six largest sectors of each fund's stocks, % of the fund.
Tata Balanced Advantage vs Tata Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Tata Balanced Advantage Fund | Tata Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.69% | 0.65% |
| Base expense ratio (Direct) | 0.50% | 0.45% |
| Total expense ratio (Regular) | 1.86% | 1.96% |
| Base expense ratio (Regular) | 1.52% | 1.58% |
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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Tata Balanced Advantage Fund vs Tata Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Tata Balanced Advantage Fund and Tata Multi Asset Allocation Fund?
Tata Balanced Advantage Fund is a Balanced Advantage fund, Tata Multi Asset Allocation Fund is a Multi Asset fund, run by Tata Mutual Fund. Their portfolios overlap 41.8%. Tata Balanced Advantage Fund charges 0.69% a year and Tata Multi Asset Allocation Fund 0.65%.
Which has given higher returns, Tata Balanced Advantage Fund or Tata Multi Asset Allocation Fund?
Over 1 year: Tata Balanced Advantage Fund −4.29%, Tata Multi Asset Allocation Fund −1.92%. Over 3 years: Tata Balanced Advantage Fund +7.38% a year, Tata Multi Asset Allocation Fund +12.24% a year. Over 5 years: Tata Balanced Advantage Fund +7.88% a year, Tata Multi Asset Allocation Fund +11.14% 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 Multi Asset Allocation Fund?
Tata Multi Asset Allocation Fund charges less: 0.65% a year against 0.69%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Tata Balanced Advantage Fund and Tata Multi Asset Allocation Fund overlap?
41.8%. They hold 45 of the same securities, the largest shared ones being RELIANCE, HDFCBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, Tata Balanced Advantage Fund or Tata Multi Asset Allocation Fund?
On SEBI's riskometer, Tata Balanced Advantage Fund is rated Very High and Tata Multi Asset Allocation Fund Very High. Over 3 years, the standard deviation of daily returns was 7.55% and 9.21% a year.
Which is better for SIP, Tata Balanced Advantage Fund or Tata Multi Asset Allocation 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 ₹7,90,571 in Tata Multi Asset Allocation Fund (XIRR 10.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Tata Balanced Advantage Fund and Tata Multi Asset Allocation Fund?
Yes. 41.8% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Tata Balanced Advantage Fund and Tata Multi Asset Allocation Fund?
Tata Balanced Advantage Fund: Rahul Singh, Sailesh Jain, Murthy Nagarajan, Amit Somani. Tata Multi Asset Allocation Fund: Rahul Singh, Murthy Nagarajan, Sailesh Jain, Amit Somani, Tapan Patel.
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.