HSBC Balanced Advantage Fund vs Tata Balanced Advantage Fund
HSBC Balanced Advantage Fund and Tata Balanced Advantage Fund are both Balanced Advantage funds. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR +10.10% vs +8.81%, 5-year CAGR — vs +8.79%, volatility 7.94% vs 9.08%, maximum drawdown −8.67% vs −20.02%. Their portfolios overlap by 17.2% (25 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| HSBC Balanced Advantage | Tata Balanced Advantage | |
|---|---|---|
| Fund house | HSBC Mutual Fund | Tata Mutual Fund |
| Compared as | Balanced Advantage | Balanced Advantage |
| NAV | ₹52.5927 | ₹23.3908 |
| NAV date | 6 Nov 2026 | 6 Nov 2026 |
| Launched (first NAV) | 28 Nov 2022 | 29 Jan 2019 |
| Track record | 3.9 yrs | 7.8 yrs |
| Fund size (AUM) | ₹1,474 Cr | ₹7,906 Cr |
| Securities held | 73 | 116 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| HSBC Balanced Advantage | Tata Balanced Advantage | |
|---|---|---|
| 1 month | +2.68% | +3.95% |
| 3 months | +0.24% | −2.25% |
| 6 months | +3.96% | +0.32% |
| 1 year | +3.30% | +1.11% |
| 3 years (CAGR) | +10.10% | +8.81% |
| 5 years (CAGR) | — | +8.79% |
| 7 years (CAGR) | — | +11.52% |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +10.57% | +11.55% |
| SIP return (XIRR, 5 years) ⓘ | — | +7.90% |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| HSBC Balanced Advantage | Tata Balanced Advantage | |
|---|---|---|
| 2026 (year to date) | +2.28% | −0.26% |
| 2025 | +4.16% | +7.38% |
| 2024 | +16.96% | +12.27% |
| 2023 | +19.56% | +18.70% |
| 2022 | — | +7.14% |
| 2021 | — | +18.43% |
Risk
| HSBC Balanced Advantage | Tata Balanced Advantage | |
|---|---|---|
| Volatility (annualised) ⓘ | 7.94% | 9.08% |
| Downside volatility ⓘ | 5.48% | 6.55% |
| Sharpe ratio ⓘ | 0.45 | 0.25 |
| Sortino ratio ⓘ | 0.66 | 0.35 |
| Maximum drawdown ⓘ | −8.67% | −20.02% |
| Recovery from that fall | 4 months | 4 months |
| Current fall from peak | 0.00% | −2.76% |
| Rolling 1-year return: worst | −2.55% | −11.52% |
| Rolling 1-year return: median | +8.48% | +10.55% |
| Rolling 1-year return: best | +26.25% | +52.07% |
| Share of 1-year periods with a loss | 2.07% | 4.49% |
Against each fund's benchmark
| HSBC Balanced Advantage | Tata Balanced Advantage | |
|---|---|---|
| Beta ⓘ | 0.49 | 0.58 |
| Alpha (Jensen's, annualised) ⓘ | +1.27% | −0.53% |
| R² ⓘ | 81.10 | 94.89 |
| Upside capture | 62.50% | 66.14% |
| Downside capture | 40.03% | 56.32% |
| Tracking error | 8.35% | 6.51% |
| Information ratio | 0.08 | -0.16 |
| Treynor ratio | 5.43 | 1.58 |
Portfolio
Asset mix
| HSBC Balanced Advantage | Tata Balanced Advantage | |
|---|---|---|
| Equity | 72.67% | 57.22% |
| Debt | 25.46% | 27.79% |
| Cash & equivalents | 1.87% | 2.45% |
Market-cap split (share of fund assets)
| HSBC Balanced Advantage | Tata Balanced Advantage | |
|---|---|---|
| Large Cap | 47.47% | 34.89% |
| Mid Cap | 13.20% | 8.94% |
| Small Cap | 10.67% | 11.24% |
| Unclassified | 1.33% | 2.15% |
Concentration
| HSBC Balanced Advantage | Tata Balanced Advantage | |
|---|---|---|
| Top 10 holdings | 37.53% | 22.06% |
| Effective number of stocks ⓘ | 44.1 | 88 |
| Securities held | 73 | 116 |
Portfolio overlap: 17.2%
25 companies are held by both funds; by weight, 17.2% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | HSBC Balanced Advantage | Tata Balanced Advantage |
|---|---|---|
| HDFC Bank Limited | 5.61% | 3.07% |
| ICICI Bank Limited | 4.75% | 2.44% |
| Larsen & Toubro Limited | 2.55% | 2.00% |
| Shriram Finance Limited | 2.00% | 1.87% |
| Bharti Airtel Limited | 1.40% | 3.01% |
| Axis Bank Limited | 4.16% | 1.35% |
| Infosys Limited | 1.35% | 1.22% |
| Sun Pharmaceutical Industries Limited | 0.92% | 1.47% |
| NTPC Limited | 0.71% | 1.26% |
| Tech Mahindra Limited | 0.62% | 0.99% |
| Cartrade Tech Limited | 0.59% | 0.76% |
| 7.18% Government of India (14/08/2033) | 1.72% | 0.44% |
| 7.32% Government of India | 0.35% | 0.95% |
| Reliance Industries Ltd. | 1.69% | 0.31% |
| 6.48% Government of India (06/10/2035) | 1.51% | 0.18% |
Top 10 holdings
HSBC Balanced Advantage
- HDFC Bank Limited5.61%
- ICICI Bank Limited4.75%
- Axis Bank Limited4.16%
- Aurobindo Pharma Limited4.14%
- Reliance Industries Limited4.03%
- 7.62% National Bank For Agriculture and Rural Development3.47%
- Government of India (10/04/2028)3.39%
- 7.37% Government of India (23/10/2028)2.84%
- Kotak Mahindra Bank Limited2.59%
- Larsen & Toubro Limited2.55%
Tata Balanced Advantage
- HDFC Bank Limited3.07%
- Bharti Airtel Limited3.01%
- ICICI Bank Limited2.44%
- 7.34% GOI MAT 2204642.26%
- Larsen & Toubro Limited2.00%
- 6.54% GOVT OF INDIA RED 17-01-20321.96%
- Apollo Hospitals Enterprise Limited1.96%
- Shriram Finance Limited1.87%
- 7.09% Government of India (05/08/2054)1.75%
- Brookfield India Real Estate Trust1.74%
Sector exposure
| HSBC Balanced Advantage | Tata Balanced Advantage | |
|---|---|---|
| Banks | 19.75% | 8.32% |
| Sovereign | 10.51% | 9.28% |
| CRISIL AAA | 8.00% | 2.61% |
| Pharmaceuticals & Biotechnology | 5.98% | 1.47% |
| Realty | 3.72% | 5.46% |
| Retailing | 5.45% | 1.52% |
| Insurance | 0.52% | 4.81% |
| Finance | 3.94% | 4.58% |
| Telecom - Services | 1.40% | 4.13% |
| Petroleum Products | 4.03% | 0.88% |
| Healthcare Services | 1.71% | 3.93% |
| SOVEREIGN | 1.68% | 3.58% |
| CRISIL AAA(SO) | 3.28% | 0.22% |
| SOV | 0.00% | 2.83% |
Questions people ask
What is the difference between HSBC Balanced Advantage and Tata Balanced Advantage returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return +3.30% vs +1.11%; 3-year CAGR +10.10% vs +8.81%; 5-year CAGR — vs +8.79%; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do HSBC Balanced Advantage and Tata Balanced Advantage compare on risk?
Volatility (36 monthly returns, annualised) 7.94% vs 9.08%; Sharpe ratio 0.45 vs 0.25; Sortino ratio 0.66 vs 0.35; maximum drawdown −8.67% vs −20.02%; beta 0.49 vs 0.58.
How much do HSBC Balanced Advantage and Tata Balanced Advantage overlap?
By weight, 17.2% of the two portfolios is invested in the same companies; 25 stocks are held by both, the largest shared positions being HDFC Bank Limited, ICICI Bank Limited, Larsen & Toubro Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of HSBC Balanced Advantage and Tata Balanced Advantage?
HSBC Balanced Advantage: large cap 47.5%, mid cap 13.2%, small cap 10.7%. Tata Balanced Advantage: large cap 34.9%, mid cap 8.9%, small cap 11.2% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 6 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.