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Aditya Birla Sun Life Balanced Advantage Fund - Direct Plan - Growth Option vs NJ Balanced Advantage Fund - Direct Plan - Growth Option
Aditya Birla Sun Life Balanced Advantage Fund and NJ Balanced Advantage Fund are both in the Dynamic Asset Allocation or Balanced Advantage category, from Aditya Birla Sun Life AMC Limited and NJ Asset Management Private Limited respectively. Aditya Birla Sun Life Balanced Advantage Fund has posted a higher 3-year rolling CAGR. Aditya Birla Sun Life Balanced Advantage Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Aditya Birla Sun Life Balanced Advantage Fund has the lower direct-plan expense ratio, by 0.25 percentage points.
| Aditya Birla Sun Life Balanced Advantage Fund - Direct Plan - Growth Option | NJ Balanced Advantage Fund - Direct Plan - Growth Option | |
|---|---|---|
| Category | Dynamic Asset Allocation or Balanced Advantage | Dynamic Asset Allocation or Balanced Advantage |
| AMC | Aditya Birla Sun Life AMC Limited | NJ Asset Management Private Limited |
| Benchmark | CRISIL Hybrid 50+50 - Moderate Index | NIFTY 50 Hybrid Composite Debt 50:50 Index |
| NAV | ₹126.3 (2026-10-28) | ₹14.07 (2026-10-28) |
| AUM | ₹9,731.235 Cr | ₹3,189.76 Cr |
| Expense Ratio (Direct) | 0.89% | 1.14% |
| Inception | 2000-03-15 | 2021-10-08 |
Returns
Aditya Birla Sun Life Balanced Advantage Fund leads on 3-year rolling CAGR (12.5% vs NJ Balanced Advantage Fund's 12.2%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
NJ Balanced Advantage Fund has been the more volatile of the two by standard deviation.
Portfolio Analytics
Aditya Birla Sun Life Balanced Advantage Fund carries the higher portfolio YTM.
| Aditya Birla Sun Life Balanced Advantage Fund - Direct Plan - Growth Option | NJ Balanced Advantage Fund - Direct Plan - Growth Option | |
|---|---|---|
| P/E Ratio | 25.5842 | 23.6427 |
| P/B Ratio | 6.7837 | 11.9401 |
| Dividend Yield | 0.8916% | 1.5345% |
| Active Share | - | - |
| Portfolio Turnover | 206.99999999999997% | 385% |
| YTM | 8.4213% | 5.3313% |
| Duration (Macaulay) | 2.84 yrs | 0.0712 yrs |
Punji Fund Health Score
Aditya Birla Sun Life Balanced Advantage Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, Aditya Birla Sun Life Balanced Advantage Fund or NJ Balanced Advantage Fund?
Aditya Birla Sun Life Balanced Advantage Fund's 3-year rolling CAGR of 12.5% is higher than NJ Balanced Advantage Fund's 12.2%. Aditya Birla Sun Life Balanced Advantage Fund sits in the 45th percentile of its category on this metric, versus the 41st percentile for NJ Balanced Advantage Fund - 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 Balanced Advantage Fund or NJ Balanced Advantage Fund?
Aditya Birla Sun Life Balanced Advantage Fund's direct-plan expense ratio is 0.25 percentage points lower than NJ Balanced Advantage Fund'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 Balanced Advantage Fund or NJ Balanced Advantage Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), NJ Balanced Advantage Fund has been more volatile than Aditya Birla Sun Life Balanced Advantage Fund 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 (0.38 for Aditya Birla Sun Life Balanced Advantage Fund vs -0.01 for NJ Balanced Advantage Fund) 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 Balanced Advantage Fund or NJ Balanced Advantage Fund?
Aditya Birla Sun Life Balanced Advantage Fund has ₹9,731 Cr in assets under management, versus ₹3,190 Cr for NJ Balanced Advantage Fund. 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 has a higher yield to maturity (YTM), Aditya Birla Sun Life Balanced Advantage Fund or NJ Balanced Advantage Fund?
Aditya Birla Sun Life Balanced Advantage Fund's portfolio YTM (8.4213%) is higher than NJ Balanced Advantage Fund's. YTM is the weighted-average return a debt fund's current bond holdings would earn if held to maturity, assuming no defaults and coupons reinvested at the same rate - a useful forward-looking yield estimate for debt funds the way rolling CAGR is for equity funds, though it's an estimate based on today's portfolio, not a guaranteed return, and can move as bonds are bought/sold or as interest rates change.
Which has longer duration (more interest-rate sensitivity), Aditya Birla Sun Life Balanced Advantage Fund or NJ Balanced Advantage Fund?
Aditya Birla Sun Life Balanced Advantage Fund has the longer Macaulay duration of the two, meaning its NAV is more sensitive to interest-rate changes - a longer-duration debt fund tends to gain more when rates fall and lose more when rates rise, compared to a shorter-duration fund. Duration is expressed in years but isn't literally about how long you hold the fund; it's a measure of price sensitivity to rate moves. If you expect rates to fall, the longer-duration fund benefits more; if you expect rates to rise or want to minimize that swing, the shorter-duration fund is the more conservative pick.
Which fund has a longer track record, Aditya Birla Sun Life Balanced Advantage Fund or NJ Balanced Advantage Fund?
Aditya Birla Sun Life Balanced Advantage Fund launched on 2000-03-15, making it older than NJ Balanced Advantage Fund (launched 2021-10-08). 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.