HDFC Balanced Advantage Fund vs Axis Balanced Advantage Fund
HDFC Balanced Advantage Fund (Direct) and Axis Balanced Advantage Fund (Direct) head to head: growth of ₹100, returns across every window, risk, cost, and portfolio overlap — every figure computed from AMFI NAV history, nothing supplied by a fund house. Both are Dynamic Asset Allocation or Balanced Advantage schemes — see the best balanced advantage mutual funds for the full ranking.
Head to head
NAVs as of 20 Aug 2026
Growth of ₹100 (rebased over the selected window)
Common period 07 Aug 2017 – 20 Aug 2026, limited by Axis Balanced Advantage Fund. Every series is rebased to ₹100 at the start of this window. Benchmark lines are the category index WealthTicker measures against, which is not always the benchmark the scheme itself declares — the fund page’s Scheme Info names that one.
View as table
| Date | HDFC Balanced Advantage Fund | Axis Balanced Advantage Fund | Nifty 50 |
|---|---|---|---|
| 07 Aug 2017 | ₹100.00 | ₹100.00 | ₹100.00 |
| 09 May 2018 | ₹106.88 | ₹106.16 | ₹106.80 |
| 08 Feb 2019 | ₹106.39 | ₹109.24 | ₹108.81 |
| 10 Nov 2019 | ₹115.85 | ₹116.19 | ₹118.40 |
| 11 Aug 2020 | ₹106.36 | ₹116.98 | ₹112.58 |
| 13 May 2021 | ₹143.65 | ₹132.97 | ₹146.13 |
| 12 Feb 2022 | ₹168.66 | ₹150.05 | ₹172.76 |
| 14 Nov 2022 | ₹190.77 | ₹155.31 | ₹182.25 |
| 16 Aug 2023 | ₹219.18 | ₹167.43 | ₹193.54 |
| 17 May 2024 | ₹282.65 | ₹200.99 | ₹223.38 |
| 16 Feb 2025 | ₹285.95 | ₹217.18 | ₹227.98 |
| 18 Nov 2025 | ₹322.62 | ₹239.42 | ₹257.62 |
| 20 Aug 2026 | ₹319.16 | ₹243.10 | ₹240.94 |
Portfolio overlap (same stocks held through more than one fund)
Some overlap is structural: SEBI defines large cap as the top 100 stocks by market capitalisation, so two large-cap funds are fishing the same pond by regulation. The bands below are measured per sleeve pairing rather than against one blanket threshold. How this is measured →
HDFC Balanced Advantage Fund and Axis Balanced Advantage Fund duplicate 57% of their equity book — holding both adds concentration, not diversification.
Shared holdings — HDFC Balanced Advantage Fund vs Axis Balanced Advantage Fund
| Stock | HDFC Balanced Advantage Fund | Axis Balanced Advantage Fund | |
|---|---|---|---|
| ICICI Bank Ltd | 7.16% | 7.99% | 7.16% |
| HDFC Bank Ltd | 6.61% | 8.40% | 6.61% |
| Reliance Industries Ltd | 5.40% | 6.38% | 5.40% |
| State Bank of India | 4.78% | 4.74% | 4.74% |
| Larsen & Toubro Ltd | 3.62% | 3.35% | 3.35% |
| Bharti Airtel Ltd | 4.25% | 3.09% | 3.09% |
| NTPC Ltd | 3.01% | 2.28% | 2.28% |
| Infosys Ltd | 2.16% | 3.16% | 2.16% |
| Sun Pharmaceutical Industries Ltd | 2.06% | 2.47% | 2.06% |
| Kotak Mahindra Bank Ltd | 1.98% | 3.04% | 1.98% |
| Zomato Ltd | 1.89% | 1.75% | 1.75% |
| Axis Bank Ltd | 3.70% | 1.67% | 1.67% |
| Interglobe Aviation Ltd | 1.72% | 1.41% | 1.41% |
| ITC Ltd | 1.58% | 1.39% | 1.39% |
| SBI Life Insurance Company Ltd | 1.24% | 1.22% | 1.22% |
44 more stocks in common. 59 shared of 159 / 109 positions. Weights are shown as a share of each fund's equity book.
| Metric | HDFC · Direct NAV ₹572.87 High risk ★★★★★ | Axis · Direct NAV ₹24.48 High risk ★★★★☆ | Category median Dynamic Asset Allocation or Balanced Advantage · 37 funds |
|---|---|---|---|
| +2.41% | +4.79%Best in row | +4.48% | |
| +13.38% | +13.41% | +11.02% | |
| +16.11%Best in row | +10.63% | +10.08% | |
| +14.43% | — | +10.76% | |
| +14.11%Best in row | +10.33% | +9.91% | |
| +12.74%Best in row | +11.08% | — | |
| +15.93%Best in row | +12.03% | +12.11% | |
| +15.45%Best in row | +11.75% | +11.73% | |
| +15.72% | — | +11.91% | |
| Risk | |||
| 9.86% | 8.01%Best in row | 8.34% | |
| 0.70 | 0.86Best in row | 0.52 | |
| 0.94 | 1.20Best in row | 0.72 | |
| -34.20% | -17.16%Best in row | -15.25% | |
| +4.97%Best in row | +4.80% | +2.88% | |
| 0.71 | 0.61 | 0.62 | |
| 86.2%Best in row | 78.7% | 73.8% | |
| 45.7% | 35.7%Best in row | 43.9% | |
| 0.76%Best in row | 1.06% | 1.04% | |
| ₹1,04,783Cr | ₹3,759Cr | ₹2,076Cr | |
| 27% | 135% | 185% | |
| Arun Agarwal | Devang Shah | — | |
| 01 Jan 2013 | 07 Aug 2017 | — | |
| 159 | 109 | — | |
| 30.6% | 33.5% | — | |
| 2.0% | 15.8% | — | |
5 rows carry the same value for every fund — show
- Benchmark
- Nifty 50
- Exit load
- Up to 1.00%
- Lock-in
- None
- Min SIP
- ₹100
- Min lumpsum
- ₹100
Best marks the strongest value in a row, and only where the gap is bigger than noise — a near-tie is left unmarked rather than dressed up as a result. SIP XIRR is a ₹10,000/month instalment over 5 years of real NAV history. Nothing here is supplied by a fund house. For research only — not investment advice.
Frequently asked questions
Which fund has delivered higher returns — HDFC Balanced Advantage Fund or Axis Balanced Advantage Fund?
Over the last 3 years, Axis Balanced Advantage Fund returned +13.41% CAGR against HDFC Balanced Advantage Fund's +13.38%, computed from AMFI NAV history. Over 5 years: HDFC Balanced Advantage Fund +16.11% vs Axis Balanced Advantage Fund +10.63% CAGR. Past returns don't guarantee future performance.
Which fund is cheaper — HDFC Balanced Advantage Fund or Axis Balanced Advantage Fund?
HDFC Balanced Advantage Fund has the lower expense ratio: HDFC Balanced Advantage Fund charges 0.76% a year against Axis Balanced Advantage Fund's 1.06%. The expense ratio is deducted from the NAV daily, so a lower one compounds in the investor's favour.
Which fund is riskier — HDFC Balanced Advantage Fund or Axis Balanced Advantage Fund?
HDFC Balanced Advantage Fund has shown higher volatility (+9.86% annualized vs Axis Balanced Advantage Fund's +8.01%), measured as the annualized standard deviation of daily returns over the trailing 3 years. Worst 3-year drawdown: HDFC Balanced Advantage Fund -10.18% vs Axis Balanced Advantage Fund -7.82%.
Which fund manages more money — HDFC Balanced Advantage Fund or Axis Balanced Advantage Fund?
HDFC Balanced Advantage Fund is the larger fund: HDFC Balanced Advantage Fund manages ₹1,04,783Cr against Axis Balanced Advantage Fund's ₹3,759Cr in assets. Size cuts both ways — scale lowers costs, but a very large fund can find it harder to move in and out of positions.
Are HDFC Balanced Advantage Fund and Axis Balanced Advantage Fund in the same category?
Yes — both are Dynamic Asset Allocation or Balanced Advantage schemes, so their returns, risk and cost are directly comparable against the same peer set.
Figures update daily from AMFI NAV history; ratings and ranks are WealthTicker’s own — see the methodology. This is data, not investment advice.