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Aditya Birla Sun Life Bal Bhavishya Yojna Direct Growth vs Axis Children's Fund - No Lock in - Direct Growth
Aditya Birla Sun Life Bal Bhavishya Yojna Direct Growth and Axis Children's Fund - No Lock in are both in the Children s Fund category, from Aditya Birla Sun Life AMC Limited and Axis Asset Management Co. Ltd. respectively. Aditya Birla Sun Life Bal Bhavishya Yojna Direct Growth has posted a higher 3-year rolling CAGR. Aditya Birla Sun Life Bal Bhavishya Yojna Direct Growth has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Aditya Birla Sun Life Bal Bhavishya Yojna Direct Growth has the lower direct-plan expense ratio, by 0.34 percentage points.
| Aditya Birla Sun Life Bal Bhavishya Yojna Direct Growth | Axis Children's Fund - No Lock in - Direct Growth | |
|---|---|---|
| Category | Children s Fund | Children s Fund |
| AMC | Aditya Birla Sun Life AMC Limited | Axis Asset Management Co. Ltd. |
| Benchmark | Nifty 500 TRI | NIFTY 50 Hybrid Composite Debt 65:35 Index TRI |
| NAV | ₹22.22 (2026-10-28) | ₹29.5233 (2026-10-28) |
| AUM | ₹1,171.136 Cr | ₹854.78 Cr |
| Expense Ratio (Direct) | 1.15% | 1.49% |
| Inception | 2019-01-22 | 2015-11-18 |
Returns
Aditya Birla Sun Life Bal Bhavishya Yojna Direct Growth leads on 3-year rolling CAGR (14.0% vs Axis Children's Fund - No Lock in's 11.5%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Aditya Birla Sun Life Bal Bhavishya Yojna Direct Growth has been the more volatile of the two by standard deviation.
| Aditya Birla Sun Life Bal Bhavishya Yojna Direct Growth | Axis Children's Fund - No Lock in - Direct Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.10 | -0.01 |
| 3Y Alpha | 0.164% | 1.0613% |
| 3Y Std Deviation | 14.359% | 10.2357% |
| 3Y Calmar Ratio | 0.45 | 0.57 |
Portfolio Analytics
Aditya Birla Sun Life Bal Bhavishya Yojna Direct Growth carries the higher portfolio P/E ratio (a rougher proxy for how richly the underlying holdings are valued) - see the table below for the full comparison.
| Aditya Birla Sun Life Bal Bhavishya Yojna Direct Growth | Axis Children's Fund - No Lock in - Direct Growth | |
|---|---|---|
| P/E Ratio | 29.5366 | 26.2071 |
| P/B Ratio | 6.656 | 7.3534 |
| Dividend Yield | 0.8059% | 0.9361% |
| Active Share | 62.7% | - |
| Portfolio Turnover | 36% | - |
| YTM | - | 7.7969% |
| Duration (Macaulay) | - | 4.04 yrs |
Punji Fund Health Score
Aditya Birla Sun Life Bal Bhavishya Yojna Direct Growth and Axis Children's Fund - No Lock in carry the same Punji Quality grade.
Frequently asked questions
Which has a higher 3-year return, Aditya Birla Sun Life Bal Bhavishya Yojna Direct Growth or Axis Children's Fund - No Lock in?
Aditya Birla Sun Life Bal Bhavishya Yojna Direct Growth's 3-year rolling CAGR of 14.0% is higher than Axis Children's Fund - No Lock in's 11.5%. Aditya Birla Sun Life Bal Bhavishya Yojna Direct Growth sits in the 82nd percentile of its category on this metric, versus the 45th percentile for Axis Children's Fund - No Lock in - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, Aditya Birla Sun Life Bal Bhavishya Yojna Direct Growth or Axis Children's Fund - No Lock in?
Aditya Birla Sun Life Bal Bhavishya Yojna Direct Growth's direct-plan expense ratio is 0.34 percentage points lower than Axis Children's Fund - No Lock in's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, Aditya Birla Sun Life Bal Bhavishya Yojna Direct Growth or Axis Children's Fund - No Lock in?
By standard deviation (a measure of how much a fund's returns swing around its own average), Aditya Birla Sun Life Bal Bhavishya Yojna Direct Growth has been more volatile than Axis Children's Fund - No Lock in over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (0.10 for Aditya Birla Sun Life Bal Bhavishya Yojna Direct Growth vs -0.01 for Axis Children's Fund - No Lock in) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, Aditya Birla Sun Life Bal Bhavishya Yojna Direct Growth or Axis Children's Fund - No Lock in?
Aditya Birla Sun Life Bal Bhavishya Yojna Direct Growth has ₹1,171 Cr in assets under management, versus ₹855 Cr for Axis Children's Fund - No Lock in. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, Aditya Birla Sun Life Bal Bhavishya Yojna Direct Growth or Axis Children's Fund - No Lock in?
Axis Children's Fund - No Lock in launched on 2015-11-18, making it older than Aditya Birla Sun Life Bal Bhavishya Yojna Direct Growth (launched 2019-01-22). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.