COMPARE
Axis Balanced Advantage Fund - Direct Plan - Growth vs Tata Balanced Advantage Fund-Direct Plan-Growth
Axis Balanced Advantage Fund and Tata Balanced Advantage Fund- are both in the Dynamic Asset Allocation or Balanced Advantage category, from Axis Asset Management Co. Ltd. and Tata Asset Management Limited respectively. Tata Balanced Advantage Fund- has posted a higher 3-year rolling CAGR. Tata Balanced Advantage Fund- has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Tata Balanced Advantage Fund- has the lower direct-plan expense ratio, by 0.38 percentage points.
| Axis Balanced Advantage Fund - Direct Plan - Growth | Tata Balanced Advantage Fund-Direct Plan-Growth | |
|---|---|---|
| Category | Dynamic Asset Allocation or Balanced Advantage | Dynamic Asset Allocation or Balanced Advantage |
| AMC | Axis Asset Management Co. Ltd. | Tata Asset Management Limited |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | CRISIL Hybrid 50+50 - Moderate Index |
| NAV | ₹23.48 (2026-10-28) | ₹22.1443 (2026-10-28) |
| AUM | ₹3,619.167 Cr | ₹7,768.9 Cr |
| Expense Ratio (Direct) | 1.07% | 0.69% |
| Inception | 2017-07-11 | 2019-01-09 |
Returns
Tata Balanced Advantage Fund- leads on 3-year rolling CAGR (14.0% vs Axis Balanced Advantage Fund's 12.7%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Axis Balanced Advantage Fund has been the more volatile of the two by standard deviation.
| Axis Balanced Advantage Fund - Direct Plan - Growth | Tata Balanced Advantage Fund-Direct Plan-Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.39 | -0.09 |
| 3Y Alpha | 0.2759% | -3.4116% |
| 3Y Std Deviation | 7.877% | 7.6357% |
| 3Y Calmar Ratio | 1.29 | 0.75 |
Portfolio Analytics
Axis Balanced Advantage Fund carries the higher portfolio YTM.
| Axis Balanced Advantage Fund - Direct Plan - Growth | Tata Balanced Advantage Fund-Direct Plan-Growth | |
|---|---|---|
| P/E Ratio | 24.402 | 24.6539 |
| P/B Ratio | 6.656 | 6.656 |
| Dividend Yield | 1.1233% | 1.1289% |
| Active Share | - | - |
| Portfolio Turnover | - | - |
| YTM | 7.9765% | 7.58% |
| Duration (Macaulay) | 2.41 yrs | 4.23 yrs |
Punji Fund Health Score
Axis Balanced Advantage Fund and Tata Balanced Advantage Fund- carry the same Punji Quality grade.
Frequently asked questions
Which has a higher 3-year return, Axis Balanced Advantage Fund or Tata Balanced Advantage Fund-?
Tata Balanced Advantage Fund-'s 3-year rolling CAGR of 14.0% is higher than Axis Balanced Advantage Fund's 12.7%. Tata Balanced Advantage Fund- sits in the 83rd percentile of its category on this metric, versus the 52nd percentile for Axis 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, Axis Balanced Advantage Fund or Tata Balanced Advantage Fund-?
Tata Balanced Advantage Fund-'s direct-plan expense ratio is 0.38 percentage points lower than Axis 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, Axis Balanced Advantage Fund or Tata Balanced Advantage Fund-?
By standard deviation (a measure of how much a fund's returns swing around its own average), Axis Balanced Advantage Fund has been more volatile than Tata 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 (0.39 for Axis Balanced Advantage Fund vs -0.09 for Tata 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, Axis Balanced Advantage Fund or Tata Balanced Advantage Fund-?
Tata Balanced Advantage Fund- has ₹7,769 Cr in assets under management, versus ₹3,619 Cr for Axis 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), Axis Balanced Advantage Fund or Tata Balanced Advantage Fund-?
Axis Balanced Advantage Fund's portfolio YTM (7.9765%) is higher than Tata 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), Axis Balanced Advantage Fund or Tata Balanced Advantage Fund-?
Tata 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, Axis Balanced Advantage Fund or Tata Balanced Advantage Fund-?
Axis Balanced Advantage Fund launched on 2017-07-11, making it older than Tata Balanced Advantage Fund- (launched 2019-01-09). 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.