Funds/Dynamic Asset Allocation Fund/Sundaram Balanced Advantage Fund

Sundaram Balanced Advantage Fund

Sundaram Mutual Fund·Dynamic Asset Allocation Fund·vs CRISIL Hybrid 50+50

The fund maintains an aggressive equity tilt of 74.5%, betting on sustained market strength while keeping meaningful sovereign exposure as a volatility buffer. Banking dominance—concentrated in ICICI, HDFC, and Kotak—signals conviction in financial sector resilience, though the top-5 concentration at 24% warrants attention for risk-conscious investors. Recent portfolio churn adding PSU plays like ONGC and Coal India suggests the manager is rotating toward cyclical recovery themes, pivoting away from consumer discretionary holdings like Trent and spirits names.

Portfolio analysis · April 2026

NAV & Returns

Plan	NAV	1M	3M	6M	1Y	3Y CAGR	5Y CAGR
Primary	₹34.2234	-0.33%	-4.01%	-5.02%	-1.39%	+8.68%	—

Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings

Top 5 Weight

24.09%

Top 10 Weight

37.68%

Active Share

—

Large Cap

51.17%

Gini

0.454

What Changed2026-03-31 → 2026-04-30

Holdings: 78 → 86+16 added−8 removed30 weight shifts ≥ 0.1%

Stock	Sector	Weight
Patanjali Foods Ltd	Agricultural Food & Other Products	0.89%
One 97 Communications Ltd	Financial Technology (Fintech)	0.87%
Oil & Natural Gas Corporation Ltd	Oil	0.78%
Vedanta Ltd	Diversified Metals	0.37%
Coal India Ltd	Consumable Fuels	0.29%
Persistent Systems Ltd	It - Software	0.29%
Affle (India) Ltd	It - Services	0.29%
Aster DM Healthcare Ltd	Healthcare Services	0.26%
PG Electroplast Ltd	Consumer Durables	0.24%
Union Bank of India	Banks	0.19%
Vedanta Aluminium Metal Ltd	Non - Ferrous Metals	0.16%
Talwandi Sabo Power Ltd	Power	0.16%
Vedanta Iron and Steel Ltd	Ferrous Metals	0.16%
Malco Energy Ltd	Electrical Equipment	0.16%
Elecon Engineering Company Ltd	Electrical Equipment	0.16%
360 ONE WAM Ltd (Prev IIFL Wealth Management Ltd)	Capital Markets	0.02%

Full Holdings

#	Holding	Sector	Class	% to NAV
1	ICICI Bank Ltd INE090A01021	Banks	EQUITY	6.09%
2	HDFC Bank Ltd INE040A01034	Banks	EQUITY	5.85%
3	Reliance Industries Ltd INE002A01018	Petroleum Products	EQUITY	5.01%
4	Bharti Airtel Ltd INE397D01024	Telecom - Services	EQUITY	3.69%
5	Kotak Mahindra Bank Ltd INE237A01036	Banks	EQUITY	3.44%
6	6.48% Central Government Securities 06/10/2035* IN0020250091	Sovereign	DEBT	3.43%
7	Larsen & Toubro Ltd INE018A01030	Construction	EQUITY	3.42%
8	7.10% Central Government Securities 08/04/2034 IN0020240019	Sovereign	DEBT	2.42%
9	Mahindra & Mahindra Ltd INE101A01026	Automobiles	EQUITY	2.31%
10	TREPS		CASH_EQUIVALENT	2.06%
11	Bajaj Finance Ltd INE296A01032	Finance	EQUITY	2.01%
12	Embassy Office Parks (REIT) INE041025011	Realty	REIT_INVIT	1.87%
13	7.32% Government Securities-13/11/2030* IN0020230135	Sovereign	DEBT	1.85%
14	7.38% Central Government Securities 20/06/2027 IN0020220037	Sovereign	DEBT	1.84%
15	Multi Commodity Exchange of India Ltd INE745G01043	Capital Markets	EQUITY	1.66%
16	State Bank of India INE062A01020	Banks	EQUITY	1.54%
17	REC LTD - 7.58% - 31/05/2029** INE020B08FD6	ICRA AAA	DEBT	1.50%
18	National Bank for Agriculture & Rural Development - 7.1% - 29/03/2029 INE261F08ET6	CRISIL AAA	DEBT	1.48%
19	Cholamandalam Investment and Finance Company Ltd INE121A01024	Finance	EQUITY	1.46%
20	PB Fintech Ltd INE417T01026	Financial Technology (Fintech)	EQUITY	1.45%

Sector Allocation

Banks17.1%

Sovereign12.5%

Finance6.0%

It - Software5.3%

Petroleum Products5.0%

Automobiles4.8%

ICRA AAA4.5%

Telecom - Services3.7%

Capital Markets3.4%

Construction3.4%

Top 10 sectors by % to NAV. Excludes derivatives.