UTI Balanced Hybrid Fund vs Zerodha Life Cycle Fund 2036
Direct Plan, Growth option · Data as on 30-10-2026
UTI Balanced Hybrid Fund is a Hybrid fund and Zerodha Life Cycle Fund 2036 is a mutual fund. UTI Balanced Hybrid Fund charges 1.93% a year and Zerodha Life Cycle Fund 2036 1.02% (Direct plans). Their portfolios overlap 25.7%: they hold 22 of the same securities.
Which is better, UTI Balanced Hybrid or Zerodha Life Cycle Fund 2036? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Zerodha Life Cycle Fund 2036 costs less: 1.02% a year against 1.93% (Direct plans).
- UTI Balanced Hybrid fell less in its worst fall since 07-09-2026: −3.1% against −7.0%.
- Zerodha Life Cycle Fund 2036 holds more in large companies: 37.2% of the fund in large caps against 20.4%.
- UTI Balanced Hybrid is the larger fund: ₹160 Cr against ₹21 Cr.
- Their portfolios overlap 25.7%: 22 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 | UTI Balanced Hybrid Fund | Zerodha Life Cycle Fund 2036 |
|---|---|---|
| Fund house | UTI Mutual Fund | Zerodha Mutual Fund |
| Category | Hybrid | Not available |
| AUM | ₹160 Cr (30-09-2026) | ₹21 Cr (30-09-2026) |
| NAV | ₹9.82 (Direct) | ₹9.41 (Direct) |
| Expense ratio (Direct) | 1.93% | 1.02% |
| Expense ratio (Regular) | 3.23% | Not available |
| Riskometer | High | Very High |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | 50% Nifty 200 TRI + 5% Domestic prices of Physical Gold + 5% Domestic prices of Physical Silver + 40% CRISIL 10 year Gil |
| Launch date | 02-09-2026 | 10-07-2026 |
| Minimum investment | ₹1,000 | ₹100 |
| Lock in | None | Not available |
| Fund managers | Ajay Tyagi FM 1, Kamal Gada FM 2, Anurag Mittal FM 3 | Kedarnath Mirajkar |
| Exit load | Redemption / switch-out of 10% of Units allotted on or before completion of 12 months from the date of allotment- Nil exit loadRedemption/ switch out in excess of the 10% of Units allotted on or before completion of 12 months from the date of allotment – 1.00% exit loadIf redeemed / switched out after 12 months from the date of allotment – Nil exit load | Nil |
UTI Balanced Hybrid vs Zerodha Life Cycle Fund 2036: 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 |
|---|---|---|---|---|---|---|---|
| UTI Balanced Hybrid Fund (Direct) | −1.01% | -- | -- | -- | -- | -- | -- |
| Zerodha Life Cycle Fund 2036 (Direct) | −2.14% | −5.76% | -- | -- | -- | -- | -- |
UTI Balanced Hybrid vs Zerodha Life Cycle Fund 2036: Rolling Returns
Every holding period of both funds
UTI Balanced Hybrid vs Zerodha Life Cycle Fund 2036: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | UTI Balanced Hybrid Fund (Direct) | Zerodha Life Cycle Fund 2036 (Direct) |
|---|---|---|
| Return (CAGR) | −12.23% | −18.09% |
| Standard deviation | 5.56% | 8.88% |
| Sharpe ratio | -3.17 | -2.63 |
| Sortino ratio | -3.62 | -3.09 |
| Maximum drawdown | −3.1% (23-10-2026) | −8.8% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 07-09-2026 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.
UTI Balanced Hybrid Fund (Direct)
Zerodha Life Cycle Fund 2036 (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| UTI Balanced Hybrid Fund (Direct) | −3.1% | 18-09-2026 | 23-10-2026 | Not yet | -- | −2.2% |
| Zerodha Life Cycle Fund 2036 (Direct) | −7.0% | 07-09-2026 | 23-10-2026 | Not yet | -- | −5.8% |
From daily values since 07-09-2026, the first day every fund has.
UTI Balanced Hybrid vs Zerodha Life Cycle Fund 2036: Portfolio Overlap
From each fund's latest monthly portfolio: UTI Balanced Hybrid Fund, September 2026; Zerodha Life Cycle Fund 2036, September 2026
Holdings in common
- Overlap
- 25.7%
- Held by both
- 22
- Only in UTI Balanced Hybrid
- 5
- Only in Zerodha Life Cycle Fund 2036
- 231
| Security | % of UTI Balanced Hybrid | % of Zerodha Life Cycle Fund 2036 |
|---|---|---|
| 06.94% GSEC Mat- 11/05/2036 | 15.35% | 21.67% |
| EQ - HDFC BANK LIMITED | 2.77% | 4.24% |
| EQ - ICICI BANK LTD | 2.69% | 2.36% |
| EQ - KOTAK MAHINDRA BANK LTD. | 2.94% | 0.76% |
| EQ - ETERNAL LIMITED | 2.39% | 0.58% |
| EQ - ONE 97 COMMUNICATIONS LTD | 0.53% | 0.58% |
| EQ - SUN PHARMACEUTICALS INDUSTRIES | 1.60% | 0.48% |
| EQ - PERSISTENT SYSTEMS LTD. | 1.24% | 0.46% |
| EQ - SHRIRAM FINANCE LTD | 0.71% | 0.34% |
| EQ - INTERGLOBE AVIATION LTD | 2.47% | 0.29% |
| EQ - SRF LTD. | 1.52% | 0.28% |
| EQ - JINDAL STAINLESS LTD. | 1.40% | 0.19% |
| EQ - LENSKART SOLUTIONS LTD | 0.73% | 0.18% |
| EQ-JSW INFRASTRUCTURE LIMITED | 1.52% | 0.17% |
| EQ - COROMANDEL INTERNATIONAL LTD. | 1.32% | 0.17% |
| EQ - LG ELECTRONICS INDIA LTD | 1.52% | 0.15% |
| EQ - TATA COMMUNICATIONS LTD. | 1.38% | 0.15% |
| EQ - SCHAEFFLER INDIA LTD | 2.51% | 0.13% |
| EQ - HDFC ASSET MANAGEMENT COMPANY | 1.48% | 0.12% |
| EQ - PIDILITE INDUSTRIES LTD. | 1.49% | 0.11% |
| EQ - HYUNDAI MOTOR INDIA LTD | 1.83% | 0.07% |
| EQ - ANTHEM BIOSCIENCES LTD | 0.69% | 0.06% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 25.7% means 25.7% 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 UTI Balanced Hybrid Fund
| Security | % of fund |
|---|---|
| EQ - AAVAS FINANCIERS LTD. | 1.37% |
| EQ - BRIGADE ENTERPRISES LTD. | 1.32% |
| INVIT - IRB INVIT FUND | 1.05% |
| EQ - RATNAMANI METALS & TUBES LTD. | 0.96% |
| EQ - NAVIN FLUORINE INTERNATIONAL L | 0.52% |
Largest holdings only in Zerodha Life Cycle Fund 2036
| Security | % of fund |
|---|---|
| Zerodha Gold ETF | 4.47% |
| Zerodha Silver ETF | 4.42% |
| Axis Bank Limited | 2.36% |
| Reliance Industries Limited | 1.98% |
| Bharti Airtel Limited | 1.32% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | UTI Balanced Hybrid | Zerodha Life Cycle Fund 2036 |
|---|---|---|
| Equity | 38.9% | 66.7% |
| Debt | 15.3% | 21.7% |
| Cash and others | 45.8% | 11.6% |
Market cap of stocks
| Market cap | UTI Balanced Hybrid | Zerodha Life Cycle Fund 2036 |
|---|---|---|
| Large Cap | 20.4% | 37.2% |
| Mid Cap | 14.4% | 28.2% |
| Small Cap | 4.2% | 1.3% |
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 | UTI Balanced Hybrid | Zerodha Life Cycle Fund 2036 |
|---|---|---|
| Banks | 8.4% | 13.9% |
| Pharmaceuticals & Biotechnology | 2.3% | 4.3% |
| IT - Software | 1.2% | 3.7% |
| Finance | 2.1% | 3.7% |
| Chemicals & Petrochemicals | 3.5% | 0.8% |
| Retailing | 3.1% | 2.4% |
| Automobiles | 1.8% | 2.6% |
| Electrical Equipment | 0.0% | 2.6% |
| Auto Components | 2.5% | 1.9% |
| Transport Services | 2.5% | 0.4% |
The six largest sectors of each fund's stocks, % of the fund.
UTI Balanced Hybrid vs Zerodha Life Cycle Fund 2036: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | UTI Balanced Hybrid Fund | Zerodha Life Cycle Fund 2036 |
|---|---|---|
| Total expense ratio (Direct) | 1.93% | 1.02% |
| Base expense ratio (Direct) | 0.75% | 0.42% |
| Total expense ratio (Regular) | 3.23% | Not available |
| Base expense ratio (Regular) | 1.85% | 0.00% |
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.
UTI Balanced Hybrid Fund vs Zerodha Life Cycle Fund 2036: Frequently Asked Questions
What is the difference between UTI Balanced Hybrid Fund and Zerodha Life Cycle Fund 2036?
UTI Balanced Hybrid Fund is a Hybrid fund, Zerodha Life Cycle Fund 2036 is a mutual fund, run by UTI Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 25.7%. UTI Balanced Hybrid Fund charges 1.93% a year and Zerodha Life Cycle Fund 2036 1.02%.
Which has the lower expense ratio, UTI Balanced Hybrid Fund or Zerodha Life Cycle Fund 2036?
Zerodha Life Cycle Fund 2036 charges less: 1.02% a year against 1.93%. These are the Direct plans' total expense ratios reported to AMFI.
How much do UTI Balanced Hybrid Fund and Zerodha Life Cycle Fund 2036 overlap?
25.7%. They hold 22 of the same securities, the largest shared ones being 06.94% GSEC Mat- 11/05/2036, HDFCBANK, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, UTI Balanced Hybrid Fund or Zerodha Life Cycle Fund 2036?
On SEBI's riskometer, UTI Balanced Hybrid Fund is rated High and Zerodha Life Cycle Fund 2036 Very High. Over their common history, the standard deviation of daily returns was 5.56% and 8.88% a year.
Can I invest in both UTI Balanced Hybrid Fund and Zerodha Life Cycle Fund 2036?
Yes. 25.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages UTI Balanced Hybrid Fund and Zerodha Life Cycle Fund 2036?
UTI Balanced Hybrid Fund: Ajay Tyagi FM 1, Kamal Gada FM 2, Anurag Mittal FM 3. Zerodha Life Cycle Fund 2036: Kedarnath Mirajkar.
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.