Kotak Balanced Advantage Fund vs SBI Balanced Advantage Fund
Kotak Balanced Advantage Fund and SBI Balanced Advantage Fund are both Balanced Advantage funds. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR +10.57% vs +10.50%, 5-year CAGR +9.38% vs +10.18%, volatility 9.40% vs 8.12%, maximum drawdown −26.32% vs −7.39%. Their portfolios overlap by 7% (51 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
| Kotak Balanced Advantage | SBI Balanced Advantage | |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | SBI Mutual Fund |
| Compared as | Balanced Advantage | Balanced Advantage |
| NAV | ₹23.5500 | ₹16.6690 |
| NAV date | 6 Nov 2026 | 6 Nov 2026 |
| Launched (first NAV) | 10 Aug 2018 | 7 Sep 2021 |
| Track record | 8.2 yrs | 5.2 yrs |
| Fund size (AUM) | ₹15,577 Cr | ₹40,545 Cr |
| Securities held | 201 | 131 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Kotak Balanced Advantage | SBI Balanced Advantage | |
|---|---|---|
| 1 month | +4.64% | +3.55% |
| 3 months | +0.37% | −0.89% |
| 6 months | +4.04% | +0.36% |
| 1 year | +3.89% | +1.29% |
| 3 years (CAGR) | +10.57% | +10.50% |
| 5 years (CAGR) | +9.38% | +10.18% |
| 7 years (CAGR) | +11.16% | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +10.92% | +10.29% |
| SIP return (XIRR, 5 years) ⓘ | +9.45% | +9.42% |
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
| Kotak Balanced Advantage | SBI Balanced Advantage | |
|---|---|---|
| 2026 (year to date) | +2.61% | −0.92% |
| 2025 | +7.13% | +10.93% |
| 2024 | +15.67% | +14.50% |
| 2023 | +17.42% | +21.49% |
| 2022 | +5.06% | +6.20% |
| 2021 | +14.43% | — |
Risk
| Kotak Balanced Advantage | SBI Balanced Advantage | |
|---|---|---|
| Volatility (annualised) ⓘ | 9.40% | 8.12% |
| Downside volatility ⓘ | 6.73% | 5.70% |
| Sharpe ratio ⓘ | 0.43 | 0.49 |
| Sortino ratio ⓘ | 0.61 | 0.70 |
| Maximum drawdown ⓘ | −26.32% | −7.39% |
| Recovery from that fall | 4 months | 4 months |
| Current fall from peak | 0.00% | −1.49% |
| Rolling 1-year return: worst | −17.67% | −3.47% |
| Rolling 1-year return: median | +11.35% | +9.71% |
| Rolling 1-year return: best | +58.64% | +28.51% |
| Share of 1-year periods with a loss | 4.37% | 1.84% |
Against each fund's benchmark
| Kotak Balanced Advantage | SBI Balanced Advantage | |
|---|---|---|
| Beta ⓘ | 0.61 | 0.53 |
| Alpha (Jensen's, annualised) ⓘ | +1.14% | +1.38% |
| R² ⓘ | 94.43 | 93.16 |
| Upside capture | 72.29% | 67.07% |
| Downside capture | 54.66% | 46.05% |
| Tracking error | 6.24% | 7.34% |
| Information ratio | 0.13 | 0.12 |
| Treynor ratio | 4.52 | 5.46 |
Portfolio
Asset mix
| Kotak Balanced Advantage | SBI Balanced Advantage | |
|---|---|---|
| Equity | 24.63% | 67.36% |
| Debt | 19.39% | 23.20% |
| Cash & equivalents | 7.87% | 6.21% |
| REITs / InvITs | 3.44% | 3.23% |
| Mutual Fund Units | 0.54% | 0.00% |
Market-cap split (share of fund assets)
| Kotak Balanced Advantage | SBI Balanced Advantage | |
|---|---|---|
| Large Cap | 8.38% | 49.59% |
| Mid Cap | 6.52% | 10.49% |
| Small Cap | 9.20% | 7.28% |
| Unclassified | 0.53% | 0.00% |
Concentration
| Kotak Balanced Advantage | SBI Balanced Advantage | |
|---|---|---|
| Top 10 holdings | 18.64% | 26.22% |
| Effective number of stocks ⓘ | 133.2 | 72.1 |
| Securities held | 201 | 131 |
Portfolio overlap: 7%
51 companies are held by both funds; by weight, 7% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | Kotak Balanced Advantage | SBI Balanced Advantage |
|---|---|---|
| Larsen & Toubro Limited | 1.99% | 2.44% |
| Eternal Limited | 1.35% | 1.46% |
| Brookfield India Real Estate Trust | 1.16% | 1.32% |
| Kotak Mahindra Bank Limited | 1.25% | 1.10% |
| Knowledge Realty Trust | 0.92% | 1.02% |
| Power Grid Corporation of India Limited | 0.70% | 1.02% |
| United Spirits Limited | 0.53% | 0.75% |
| Carborundum Universal Ltd. | 0.42% | 0.49% |
| Life Insurance Corporation Of India | 0.37% | 0.47% |
| Biocon Ltd. | 0.29% | 1.19% |
| Embassy Office Parks REIT | 0.27% | 0.89% |
| Wipro Ltd. | 0.27% | 0.33% |
| 7.44% National Bank For Agriculture and Rural Development (17/07/2029) | 0.60% | 0.24% |
| Coal India Limited | 0.38% | 0.24% |
| ICICI Lombard General Insurance Company Limited | 0.59% | 0.21% |
Top 10 holdings
Kotak Balanced Advantage
- 7.34% GOI MAT 2204645.67%
- Larsen & Toubro Limited1.99%
- Solar Industries India Limited1.67%
- Power Finance Corporation Ltd.1.49%
- Infosys Limited1.48%
- Eternal Limited1.35%
- JTPM Metal Traders Limited1.30%
- Sansera Engineering Limited1.27%
- Kotak Mahindra Bank Limited1.25%
- GE Vernova T&D India Limited1.17%
SBI Balanced Advantage
- Reliance Industries Limited4.24%
- HDFC Bank Limited3.68%
- ICICI Bank Limited3.58%
- GAIL (India) Ltd.2.54%
- Larsen & Toubro Limited2.44%
- Tech Mahindra Limited2.06%
- 364 Days Tbill (MD 04/03/2027)2.05%
- Indus Towers Limited1.93%
- Punjab National Bank1.86%
- Tata Steel Ltd.1.84%
Sector exposure
| Kotak Balanced Advantage | SBI Balanced Advantage | |
|---|---|---|
| Banks | -0.30% | 15.91% |
| Sovereign | 7.87% | 4.36% |
| CRISIL AAA | 4.28% | 6.65% |
| CRISIL AA+ | 0.36% | 5.42% |
| Power | 1.80% | 4.89% |
| Petroleum Products | 0.57% | 4.50% |
| Pharmaceuticals & Biotechnology | 1.58% | 4.25% |
| IT - Software | 1.95% | 4.02% |
| Retailing | 1.30% | 3.75% |
| Automobiles | 0.06% | 3.59% |
| Realty | 3.47% | 3.23% |
| Telecom - Services | 0.08% | 3.29% |
| Auto Components | 3.13% | 0.81% |
| Finance | 0.87% | 2.99% |
Questions people ask
What is the difference between Kotak Balanced Advantage and SBI Balanced Advantage returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return +3.89% vs +1.29%; 3-year CAGR +10.57% vs +10.50%; 5-year CAGR +9.38% vs +10.18%; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do Kotak Balanced Advantage and SBI Balanced Advantage compare on risk?
Volatility (36 monthly returns, annualised) 9.40% vs 8.12%; Sharpe ratio 0.43 vs 0.49; Sortino ratio 0.61 vs 0.70; maximum drawdown −26.32% vs −7.39%; beta 0.61 vs 0.53.
How much do Kotak Balanced Advantage and SBI Balanced Advantage overlap?
By weight, 7% of the two portfolios is invested in the same companies; 51 stocks are held by both, the largest shared positions being Larsen & Toubro Limited, Eternal Limited, Brookfield India Real Estate Trust. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Kotak Balanced Advantage and SBI Balanced Advantage?
Kotak Balanced Advantage: large cap 8.4%, mid cap 6.5%, small cap 9.2%. SBI Balanced Advantage: large cap 49.6%, mid cap 10.5%, small cap 7.3% (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.