LIC MF Balanced Advantage Fund vs Shriram Balanced Advantage Fund
LIC MF Balanced Advantage Fund and Shriram Balanced Advantage Fund are both Balanced Advantage funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR +9.08% vs +7.16%, 5-year CAGR — vs +6.72%, volatility 9.87% vs 10.93%, maximum drawdown −9.43% vs −14.64%. Their portfolios overlap by 15.3% (12 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
| LIC MF Balanced Advantage | Shriram Balanced Advantage | |
|---|---|---|
| Fund house | LIC Mutual Fund | Shriram Mutual Fund |
| Compared as | Balanced Advantage | Balanced Advantage |
| NAV | ₹14.9627 | ₹19.0412 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 15 Nov 2021 | 12 Jul 2019 |
| Track record | 5.0 yrs | 7.3 yrs |
| Fund size (AUM) | ₹653 Cr | ₹41 Cr |
| Securities held | 54 | 78 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| LIC MF Balanced Advantage | Shriram Balanced Advantage | |
|---|---|---|
| 1 month | +1.88% | +3.55% |
| 3 months | −1.08% | −0.97% |
| 6 months | +3.46% | +1.15% |
| 1 year | +1.62% | −0.83% |
| 3 years (CAGR) | +9.08% | +7.16% |
| 5 years (CAGR) | — | +6.72% |
| 7 years (CAGR) | — | +8.97% |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +8.40% | +9.18% |
| SIP return (XIRR, 5 years) ⓘ | — | +5.63% |
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
| LIC MF Balanced Advantage | Shriram Balanced Advantage | |
|---|---|---|
| 2026 (year to date) | +1.89% | −2.29% |
| 2025 | +4.80% | +1.23% |
| 2024 | +13.92% | +11.41% |
| 2023 | +15.21% | +21.45% |
| 2022 | +7.27% | +4.57% |
| 2021 | — | +11.46% |
Risk
| LIC MF Balanced Advantage | Shriram Balanced Advantage | |
|---|---|---|
| Volatility (annualised) ⓘ | 9.87% | 10.93% |
| Downside volatility ⓘ | 6.98% | 8.54% |
| Sharpe ratio ⓘ | 0.26 | 0.06 |
| Sortino ratio ⓘ | 0.37 | 0.08 |
| Maximum drawdown ⓘ | −9.43% | −14.64% |
| Recovery from that fall | 4 months | 4 months |
| Current fall from peak | −2.18% | −5.57% |
| Rolling 1-year return: worst | −6.36% | −7.52% |
| Rolling 1-year return: median | +9.52% | +8.38% |
| Rolling 1-year return: best | +21.55% | +37.13% |
| Share of 1-year periods with a loss | 8.36% | 17.04% |
Against each fund's benchmark
| LIC MF Balanced Advantage | Shriram Balanced Advantage | |
|---|---|---|
| Beta ⓘ | 0.60 | 0.67 |
| Alpha (Jensen's, annualised) ⓘ | −0.27% | −1.85% |
| R² ⓘ | 83.77 | 79.76 |
| Upside capture | 66.11% | 72.00% |
| Downside capture | 54.27% | 73.17% |
| Tracking error | 7.14% | 7.01% |
| Information ratio | -0.11 | -0.35 |
| Treynor ratio | 1.95 | -0.71 |
Portfolio
Asset mix
| LIC MF Balanced Advantage | Shriram Balanced Advantage | |
|---|---|---|
| Equity | 75.68% | 69.35% |
| Debt | 16.43% | 21.73% |
| Cash & equivalents | 7.92% | 8.92% |
Market-cap split (share of fund assets)
| LIC MF Balanced Advantage | Shriram Balanced Advantage | |
|---|---|---|
| Large Cap | 39.39% | 54.52% |
| Mid Cap | 23.63% | 4.61% |
| Small Cap | 10.00% | 9.94% |
| Unclassified | 2.66% | 0.28% |
Concentration
| LIC MF Balanced Advantage | Shriram Balanced Advantage | |
|---|---|---|
| Top 10 holdings | 32.48% | 48.64% |
| Effective number of stocks ⓘ | 45.8 | 31.3 |
| Securities held | 54 | 78 |
Portfolio overlap: 15.3%
12 companies are held by both funds; by weight, 15.3% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | LIC MF Balanced Advantage | Shriram Balanced Advantage |
|---|---|---|
| ICICI Bank Limited | 5.38% | 4.09% |
| Sun Pharmaceutical Industries Limited | 2.69% | 2.39% |
| InterGlobe Aviation Limited | 1.65% | 1.45% |
| Mahindra & Mahindra Limited | 1.42% | 2.50% |
| Eternal Limited | 1.96% | 1.29% |
| Larsen & Toubro Limited | 2.46% | 1.10% |
| Tata Consultancy Services Limited | 2.01% | 1.08% |
| Kirloskar Oil Engines Limited | 1.41% | 0.76% |
| Eicher Motors Ltd. | 0.86% | 0.68% |
| Divi's Laboratories Limited | 2.36% | 0.64% |
| PB Fintech Limited | 0.59% | 0.21% |
| Apollo Hospitals Enterprise Limited | 1.50% | 0.20% |
Top 10 holdings
LIC MF Balanced Advantage
- Jamnagar Utilities & Power Pvt. Ltd.6.35%
- ICICI Bank Limited5.38%
- Navin Fluorine International Limited3.75%
- Sun Pharmaceutical Industries Limited2.69%
- INDO-MIM Ltd.2.66%
- Larsen & Toubro Limited2.46%
- Divi's Laboratories Limited2.36%
- Reliance Industries Ltd.2.29%
- AU Small Finance Bank Limited2.28%
- Shriram Finance Limited2.26%
Shriram Balanced Advantage
- TREPS 01-OCT-20267.95%
- 8.54% REC Limited6.16%
- Bank of Baroda5.96%
- HDFC Bank Limited4.97%
- 6.54% GOVT OF INDIA RED 17-01-20324.85%
- Union Bank of India (22/02/2027)4.76%
- ICICI Bank Limited4.09%
- Reliance Industries Limited3.99%
- State Bank of India3.06%
- Bharti Airtel Limited2.85%
Sector exposure
| LIC MF Balanced Advantage | Shriram Balanced Advantage | |
|---|---|---|
| Banks | 8.63% | 15.85% |
| CRISIL AAA | 14.86% | 6.16% |
| Electrical Equipment | 8.24% | 0.80% |
| Pharmaceuticals & Biotechnology | 7.95% | 4.85% |
| Unclassified | 0.00% | 7.95% |
| Chemicals & Petrochemicals | 7.56% | 0.53% |
| IT - Software | 6.54% | 4.82% |
| CARE A1+ | 0.00% | 5.96% |
| Automobiles | 2.28% | 4.93% |
| SOVEREIGN | 0.00% | 4.85% |
| ICRA A1+ | 0.00% | 4.76% |
| Petroleum Products | 0.00% | 4.45% |
| Finance | 4.39% | 2.30% |
| Retailing | 4.12% | 1.51% |
Questions people ask
What is the difference between LIC MF Balanced Advantage and Shriram Balanced Advantage returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +1.62% vs −0.83%; 3-year CAGR +9.08% vs +7.16%; 5-year CAGR — vs +6.72%; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do LIC MF Balanced Advantage and Shriram Balanced Advantage compare on risk?
Volatility (36 monthly returns, annualised) 9.87% vs 10.93%; Sharpe ratio 0.26 vs 0.06; Sortino ratio 0.37 vs 0.08; maximum drawdown −9.43% vs −14.64%; beta 0.60 vs 0.67.
How much do LIC MF Balanced Advantage and Shriram Balanced Advantage overlap?
By weight, 15.3% of the two portfolios is invested in the same companies; 12 stocks are held by both, the largest shared positions being ICICI Bank Limited, Sun Pharmaceutical Industries Limited, InterGlobe Aviation Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of LIC MF Balanced Advantage and Shriram Balanced Advantage?
LIC MF Balanced Advantage: large cap 39.4%, mid cap 23.6%, small cap 10.0%. Shriram Balanced Advantage: large cap 54.5%, mid cap 4.6%, small cap 9.9% (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 5 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.