HybridDynamic Asset Allocation or Balanced AdvantageRegularGrowthHigh

Shriram Balanced Advantage Fund

Q: What is the NAV of Shriram Balanced Advantage Fund?

As of 05 Oct 2026, the NAV of Shriram Balanced Advantage Fund is ₹15.96 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Shriram Balanced Advantage Fund delivered?

Shriram Balanced Advantage Fund has returned -4.43% over 1 year, +3.98% per year over 3 years, +3.89% per year over 5 years and +6.67% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Shriram Balanced Advantage Fund?

Shriram Balanced Advantage Fund charges an expense ratio of 2.57% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Shriram Balanced Advantage Fund?

Shriram Balanced Advantage Fund's largest holdings are 8.54% REC LTD NCD RED 15-11-28 (5.8%), BANK OF BARODA CD RED 12-02-27 (5.7%), HDFC Bank Ltd. (4.8%), 6.54% GOVT OF INDIA RED 17-01-2032 (4.7%) and UNION BANK OF INDIA CD RED 22-02-2027 (4.5%). Holdings are disclosed monthly and change over time.

Q: How risky is Shriram Balanced Advantage Fund?

Shriram Balanced Advantage Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 10.1% and its worst peak-to-trough fall in our sample was -14.8%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of -0.25 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Shriram Balanced Advantage Fund's -0.25 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of Shriram Balanced Advantage Fund?

Shriram Balanced Advantage Fund is benchmarked against the CRISIL Hybrid 50+50 Moderate Index. Its alpha and beta on this page are measured against that index.

Q: Who manages Shriram Balanced Advantage Fund?

Shriram Balanced Advantage Fund is managed by Hitesh Savanth, Prateek Nigudkar and Amit Modani at Shriram.

Q: How is Shriram Balanced Advantage Fund taxed?

Shriram Balanced Advantage Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Shriram Mutual Fund · Best Balanced Advantage Mutual Funds

NAV

₹15.96

+0.38% 1D

as of 05 Oct 2026

This is the Regular plan of Shriram Balanced Advantage Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

Compare SIP calculator

Performance

-4.82%absolute

52-week rangePrev NAV ₹15.90

Latest ₹15.96

Low ₹15.5723rd percentile of its 52-week rangeHigh ₹17.32

Scorecard

★☆☆☆☆1/5 vs 30 of 36 Dynamic Asset Allocation or Balanced Advantage peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Dynamic Asset Allocation or Balanced Advantage (same plan and option). 30 of the 36 Dynamic Asset Allocation or Balanced Advantage funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceBelow avg

3Y CAGR +3.98% · ranks 29 of 30 Dynamic Asset Allocation or Balanced Advantage funds

RiskHigh

Volatility 10.1% vs 8.4% category avg

CostHigh

2.6% expense vs 2.3% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Consistent — positive in 100% of rolling 3-year windows

Concerns

Trails the Dynamic Asset Allocation or Balanced Advantage average on 1M/3M/6M/1Y — 1Y by 3.78pp
3-year return (+3.98%) trails the Dynamic Asset Allocation or Balanced Advantage average (+7.69%)
5-year return (+3.89%) trails the Dynamic Asset Allocation or Balanced Advantage average (+7.26%)
Ranks #35 of 36 on 1-year return in its Dynamic Asset Allocation or Balanced Advantage cohort
Weaker risk-adjusted returns — Sharpe -0.25 below the Dynamic Asset Allocation or Balanced Advantage average of 0.15

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.57%

Category 2.29%▲0.28%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

17.37

Category —

Excess return per unit of total volatility (rf = 6.5%)

-0.25

Category 0.15▼0.40

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

If redeemed / switched-out within 90 days from the date of allotment :- • Upto 12% of units: Nil • More than 12% of units: 1% of applicable Net Asset Value (NAV) If redeemed/switched-out after 90 days from the date of allotment: Nil

Up to 1.00%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

—

Smallest recurring SIP instalment the scheme accepts

—

Smallest one-time (lumpsum) investment the scheme accepts

₹500

CRISIL Hybrid 50+50 Moderate Index

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

12 Jul 2019

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-3.58%

Absolute return over the last 3 months (not annualized)

-3.88%

Absolute return over the last 6 months (not annualized)

+1.26%

Absolute return since 1 Jan of this year (not annualized)

-7.58%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-4.43%

3-year annualized return (CAGR)

+3.98%

5-year annualized return (CAGR)

+3.89%

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+6.67%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

10.08%

Excess return per unit of total volatility (rf = 6.5%)

-0.25

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

-0.33

Largest peak-to-trough decline over full history

-14.84%

Benchmark ratios (vs Nifty 50 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 50 TRI

-2.40%

Sensitivity to Nifty 50 TRI moves; 1 = moves with the index

0.68

How much of the fund's movement Nifty 50 TRI explains

75.5%

Excess return per unit of beta (market risk)

-3.92

Active return over the benchmark per unit of tracking error

-0.33

Annualized std dev of fund-minus-benchmark returns

7.10%

Fund's share of benchmark gains in up months (100 = matches index)

72.5%

Fund's share of benchmark losses in down months (lower is better)

76.9%

Computed vs the Nifty 50 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Dynamic Asset Allocation or Balanced Advantage)

Period	Fund	Category avg.	Diff
1M abs	-3.58%	-3.05%	-0.53%
3M abs	-3.88%	-2.42%	-1.46%
6M abs	+1.26%	+4.46%	-3.20%
1Y CAGR	-4.43%	-0.65%	-3.78%
3Y CAGR	+3.98%	+7.69%	-3.71%
5Y CAGR	+3.89%	+7.26%	-3.37%

Category average across peers in Dynamic Asset Allocation or Balanced Advantage (up to 36 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 36 peers in Dynamic Asset Allocation or Balanced Advantage

1Y return

-4.43%

Beats 2.9% · rank #35

3Y return

+3.98%

Beats 3.4% · rank #29

5Y return

+3.89%

Beats 0% · rank #20

Sharpe

-0.25

Beats 3.4% · rank #29

Sortino

-0.33

Beats 3.4% · rank #29

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹6.33L

Absolute

+5.51%

XIRR

+2.18%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Shriram Balanced Advantage Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 50 TRI	Diff
2026part	-7.58%	-12.85%	+5.27%
2025	-0.53%	+11.97%	-12.50%
2024	+9.38%	+10.16%	-0.78%
2023	+19.26%	+21.69%	-2.43%
2022	+2.68%	+5.68%	-3.00%
2021	+9.39%	+25.49%	-16.10%
2020	+13.97%	+16.57%	-2.60%
2019part	+3.91%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

1,781

Expense ratio

2.57%

AUM

₹48.68Cr

Portfolio turnover

106%

Exit load

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

17.4

P/B ratio

4.0

Avg market cap

₹4,84,615Cr

P/E & P/B are portfolio-weighted harmonic means across 60 of 69 equity holdings (64% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Dynamic Asset Allocation or Balanced Advantage

Compare all


Shriram Balanced Advantage FundThis fund Shriram · Regular · Growth	★☆☆☆☆	-4.43%	+3.98%	+3.89%	—	2.57%	₹48.68Cr
quant Dynamic Asset Allocation Fund quant · Regular · Growth	★★★★☆	-3.35%	+11.39%	—	—	3.00%	₹902.64Cr
Aditya Birla Sun Life Balanced Advantage Fund Aditya Birla Sun Life · Regular · Growth	★★★★☆	+3.36%	+9.86%	+8.32%	—	1.95%	₹9,211Cr
Baroda BNP Paribas Balanced Advantage Fund Baroda BNP Paribas · Regular · Growth	★★★★☆	+1.76%	+9.80%	+8.79%	—	2.04%	₹4,798Cr
ICICI Prudential Balanced Advantage Fund ICICI Prudential · Regular · Growth	★★★★★	+1.06%	+9.67%	+9.23%	—	1.56%	₹70,787Cr
HDFC Balanced Advantage Fund HDFC · Regular · Growth	★★★★☆	-3.14%	+9.66%	+12.25%	—	1.31%	₹1,04,783Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap77.4%
Mid cap7.8%
Small cap14.8%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity68.57%
Debt21.86%
Cash & Equivalents9.57%

Cash & cash-like: 11.32% — the 9.57% above plus treasury bills, certificates of deposit, commercial paper and TREPS, which the allocation files under Debt but the market counts as cash-equivalent.

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Shriram Multi Asset Allocation Fund Shriram · Multi Asset Allocation	83.5% of 66% equity	★☆☆☆☆	0.62%	+10.74%
Shriram Aggressive Hybrid Fund Shriram · Aggressive Hybrid Fund	82.3% of 72% equity	★☆☆☆☆	0.87%	+8.71%
Shriram Flexi Cap Fund Shriram · Flexi Cap Fund	70.3%	★☆☆☆☆	1.06%	+6.19%
Shriram ELSS Tax Saver Fund Shriram · ELSS	69.5%	★☆☆☆☆	0.95%	+6.29%
360 ONE ELSS Tax Saver Nifty 50 Index Fund 360 One · Index Funds	60.5%	★★☆☆☆	0.37%	+5.84%
Nippon India Index Fund - Nifty 50 Nippon India · Index Funds	60.5%	★★★☆☆	0.13%	+5.93%
HDFC Nifty 50 Index Fund HDFC · Index Funds	60.5%	★★★☆☆	0.29%	+5.84%
Tata Nifty 50 Index Fund Tata · Index Funds	60.5%	★★★☆☆	0.27%	+5.80%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

1 holding — 0.35% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

PB Fintech LimitedShort-term · Stage I0.35%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-14.8%13 Feb 2020 → 23 Mar 2020
Fell over 39 days, back to the old high on 17 Jul 2020 — 4 months under water after the low.
-14.8%27 Sep 2024 → 31 Mar 2026
Still below that high — 1.5 years down, and no recovery yet.
-7.4%18 Oct 2021 → 17 Jun 2022
Fell over 8 months, back to the old high on 16 Aug 2022 — 2 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹48.68Cr

April - June 2026

-11%

since January - March 2026

−₹3.86Cr

est. net flow, last quarter

Down +11% from its peak of ₹54.73Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

Shriram Mutual Fund is run by Shriram Asset Management, part of the Chennai-based Shriram Group. It is one of the industry's smallest houses by assets, running a handful of equity and hybrid schemes.

Launched

04 Dec 1994

Total AUM

₹1,171Cr+0.9% QoQ

Avg AUM · July - September 2026

Website

shriramamc.in

Fund Managers

HSHitesh SavanthStart date not disclosed

Role

Senior Fund Manager

Education

CFA Charter holder from CFA Institute & B.Com (Hons.). from Sri Sathya Sai Institute of Higher Learning

Experience

Mr. Hitesh has over 14 years of experience in the financial services industry, with expertise spanning investment advisory, portfolio management, and wealth management. Earlier he was associated with Shriram AMC as a Principal Officer & Fund Manager in its PMS division, he also served as Vice President at BugleRock Capital Private Limited. Earlier in his career, he worked as a Research Lead at William O’Neil India and as a Derivatives Analyst at Northern Trust Operating Services India

PNPrateek NigudkarStart date not disclosed

Experience

Mr. Prateek brings over 13 years of experience in 1 month managing equity funds, as well as in quantitative and fundamental research. Before his current role, he served as the Fund Manager at Jio BlackRock Mutual Fund. He has also held the position of Fund Manager at DSP Mutual Fund. Earlier in his career, he worked as a Quantitative Analyst at State Street Global Advisors and Credit Suisse Business Analytics, India

Funds managed (5)

All schemes Prateek Nigudkar runs →

AMAmit ModaniStart date not disclosed

Experience

Mr. Amit Modani has over 13 years of experience in fixed income fund management and dealing. Before his current role, he served as Fund Manager - Fixed Income at Mirae Asset Investment Managers (India) Pvt. Ltd. He has also worked with BOI Mutual Fund. Prior to that, he worked as Portfolio Manager – Fixed Income at Quantum Mutual Fund and as Dealer – Fixed Income at PGIM Mutual Fund.

Funds managed (6)

All schemes Amit Modani runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Prateek Nigudkar Amit Modani

Top holdings

HDFC Bank Ltd.ICICI Bank Ltd.Reliance Industries Ltd.State Bank of India Bharti Airtel Ltd.Mahindra & Mahindra Ltd.Sun Pharmaceutical Industries Ltd.Axis Bank Ltd.Infosys Ltd.ITC Ltd.HCL Technologies Ltd.Bajaj Holdings & Investment Ltd.

Shriram in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

Run SIP calculator Add to compare

Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Balanced Advantage funds

Balanced advantage (dynamic asset allocation) funds move between equity and debt based on market valuations, adding more stocks when they look cheap and trimming when they look dear. The goal is a smoother ride.

Frequently asked questions

What is the NAV of Shriram Balanced Advantage Fund?

As of 05 Oct 2026, the NAV of Shriram Balanced Advantage Fund is ₹15.96 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Shriram Balanced Advantage Fund delivered?

Shriram Balanced Advantage Fund has returned -4.43% over 1 year, +3.98% per year over 3 years, +3.89% per year over 5 years and +6.67% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Shriram Balanced Advantage Fund?

Shriram Balanced Advantage Fund charges an expense ratio of 2.57% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Shriram Balanced Advantage Fund?

Shriram Balanced Advantage Fund's largest holdings are 8.54% REC LTD NCD RED 15-11-28 (5.8%), BANK OF BARODA CD RED 12-02-27 (5.7%), HDFC Bank Ltd. (4.8%), 6.54% GOVT OF INDIA RED 17-01-2032 (4.7%) and UNION BANK OF INDIA CD RED 22-02-2027 (4.5%). Holdings are disclosed monthly and change over time.

How risky is Shriram Balanced Advantage Fund?

Shriram Balanced Advantage Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 10.1% and its worst peak-to-trough fall in our sample was -14.8%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of -0.25 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Shriram Balanced Advantage Fund's -0.25 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of Shriram Balanced Advantage Fund?

Shriram Balanced Advantage Fund is benchmarked against the CRISIL Hybrid 50+50 Moderate Index. Its alpha and beta on this page are measured against that index.

Who manages Shriram Balanced Advantage Fund?

Shriram Balanced Advantage Fund is managed by Hitesh Savanth, Prateek Nigudkar and Amit Modani at Shriram.

How is Shriram Balanced Advantage Fund taxed?

Shriram Balanced Advantage Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.