Funds / Mutual Funds / Scheme 146006
Tata Balanced Advantage Fund
Direct Plan · Payout of Income Distribution cum capital withdrawal option · Tata Mutual Fund · scheme code 146006 · ISIN INF277K014S6
- Scheme code
- 146006
- Latest NAV
- ₹22.4947
- NAV date
- 23 Sep 2026
- Fund house
- Tata Mutual Fund
Reading this dossier
Data, not advice. These pages show NAV history, category and computed returns as published by AMFI, so funds can be compared side by side. StockProof does not rank funds, does not score them, and does not recommend buying, selling or holding any of them. Past NAV movement is not an indication of future returns.
Fund names here are CURRENT names, not the name the fund had on the date shown. AMFI retroactively restates historical scheme names to whatever the fund is called today: its own April 2006 file lists schemes under "Nippon India Mutual Fund", a fund house that did not exist until 2019 (it was Reliance). Measured on 2026-08-29, all 1,947 scheme codes present in both AMFI's 2018 and 2026 files showed zero name changes — not because renames are rare in the Indian fund industry, but because the history is rewritten. StockProof stores and shows only the current name and does not attempt to reconstruct point-in-time names, because AMFI publishes nothing that would make that possible. The NAV figures themselves are as published for each date and are not restated.
Long-window returns are measured only over funds that still exist. Of the 1,790 scheme codes AMFI priced in April 2006, only 568 (31%) were still being priced in 2026. Funds that closed or merged are not in a long-period comparison, so any group of surviving funds looks better than the choice an investor actually faced at the time.
Benchmark, benchmark return and AUM figures on this page are AMFI's own published disclosure — the same SEBI-mandated benchmark every fund must declare and report against, sourced from AMFI's Fund Performance data. StockProof does not compute the benchmark return itself: it shows the number AMFI and the fund house publish, exactly as published. StockProof does not rank funds or benchmarks by this figure, and this is not a recommendation to buy, sell or hold anything.
This section is matched to the scheme above by FUND NAME, not by scheme code or ISIN — AMFI's benchmark-disclosure API carries neither, unlike its NAV files. Measured 2026-08-29 across the whole universe, this name match succeeds for about 86% of funds; most misses are small spelling or punctuation drift between AMFI's own two systems, not a wrong match — a fund with no match here simply shows no data rather than another fund's. One disclosed row also covers BOTH the Regular and Direct plan of a fund together, because that is the granularity AMFI itself publishes at — one level coarser than the per-plan scheme codes StockProof otherwise tracks.
Scheme
| Latest NAV | ₹22.4947 |
|---|---|
| NAV date | 23 Sep 2026 |
| Category | Hybrid · Dynamic Asset Allocation / Balanced Advantage |
| Structure | Open Ended |
| Status | Open — priced in AMFI's latest file |
| As published by AMFI | Open Ended Schemes(Hybrid Scheme - Dynamic Asset Allocation or Balanced Advantage)
StockProof normalizes AMFI's 104 category spellings onto 56 categories; this is the raw string behind the one shown above. |
| Stored NAV history | 750 points, 01 Sep 2023 → 23 Sep 2026 |
Benchmark & AUM
| Benchmark | CRISIL Hybrid 50+50 - Moderate Index |
|---|---|
| Daily AUM | ₹85.97 Bn |
| As of | 27 Aug 2026 |
| Riskometer — scheme | Very High |
| Riskometer — benchmark | High |
Fund vs benchmark
Regular and Direct are the plan's own trailing return; Benchmark is the same window's return on the declared benchmark above, as published by AMFI. A window is blank when AMFI has not published it for this fund, most often because the fund has not existed that long.
| Window | Regular | Direct | Benchmark |
|---|---|---|---|
| 1 Year | 4.18% | 5.49% | 4.17% |
| 3 Year | 8.48% | 9.91% | 9.61% |
| 5 Year | 8.45% | 9.98% | 8.67% |
| 10 Year | — | — | — |
| Since launch | 10.39% | 12.10% | see below |
"Since launch" benchmark return is shown per plan, not as one column above — the Regular and Direct plan of a fund can launch on different dates, so each is benchmarked over its own window: Regular 11.21%, Direct 11.21%.
Returns (CAGR)
Compound annual growth of NAV over each trailing window, computed from stored history with the same function the company pages use. A window is only shown as a number when the stored history genuinely reaches back that far — it is never computed over a shorter span and labelled as the longer one.
| Window | CAGR | Basis |
|---|---|---|
| 1-year | -1.40% | NAV 22.8128 on 23 Sep 2025 to 22.4947 on 23 Sep 2026 (1-year, AMFI) |
| 3-year | 7.36% | NAV 18.1728 on 22 Sep 2023 to 22.4947 on 23 Sep 2026 (3-year, AMFI) |
| 5-year | N/A | Stored NAV history starts 01 Sep 2023, which does not reach back a full 5 years from 23 Sep 2026. |
| 10-year | N/A | Stored NAV history starts 01 Sep 2023, which does not reach back a full 10 years from 23 Sep 2026. |
| Since stored history begins | 7.49% | NAV 18.0343 on 01 Sep 2023 to 22.4947 on 23 Sep 2026 (3.1 years stored, AMFI) |
"Since stored history begins" is deliberately not called "since inception" — AMFI publishes no NAV before 1 April 2006, so for an older fund its true inception NAV is not in any public AMFI feed.
Holdings X-ray
These holdings are the fund house's own SEBI-mandated monthly portfolio disclosure, read from the file the AMC publishes and shown as published. StockProof does not estimate, model or infer a single holding. The portfolio is a SNAPSHOT on the date shown — usually a month-end — and a fund can and does trade in between, so what it holds today is not necessarily what is listed here. Nothing on this page ranks funds, scores them, or recommends buying, selling or holding anything.
StockProof can only link a holding to a company page if that company is in the Nifty 500 universe it tracks. Everything the fund disclosed is listed here either way — holdings outside that universe are shown with their real names and weights and counted explicitly as "outside tracked universe", never dropped. Two coverage figures are given because they can differ enormously and either one alone is misleading: the share of holding LINES that link, and the share of disclosed WEIGHT that links. Parag Parikh Flexi Cap Fund is the standing example — under half its lines link, but around three-quarters of its weight does, because its unlinked positions are a handful of very large US holdings.
Coverage varies enormously by fund type and low coverage is a fact about the universe boundary, not a defect. Large-cap, flexi-cap and index funds typically X-ray at over 90% of disclosed weight; small-cap funds fall to roughly 44–75%, because much of what they own sits below the Nifty 500; and a pure debt fund links at zero, because bonds are not companies in StockProof's universe at all. Read the coverage figure before reading the holdings: at 45% coverage the listed companies are a minority of the fund.
The disclosed holdings usually do not add to 100% of the fund. The remainder is cash, TREPS, repo and derivative margin, which the AMC reports without a security line. Weights here are the AMC's own "% to NAV" figures, so they are shares of the WHOLE fund and can be added up directly — but the total falling short of 100% is normal and is shown rather than scaled away.
Holdings are matched to companies by ISIN — the security's own permanent identifier, never by name — so a matched company is the security the fund disclosed and not a guess. The FUND itself is matched to this page by NAME, which is weaker: measured 2026-08-30 across 625 portfolios, that name match succeeds for about 91% of funds, because the AMC's file carries no AMFI scheme code. A fund with no match simply shows no holdings section rather than another fund's. One disclosed portfolio also covers every plan and option of a fund at once, since that is the granularity the fund house publishes at.
How much of this fund StockProof can show
| Of the weight the fund disclosed, tracked | 61.5% | 58.0% of NAV, out of the 94.3% the fund disclosed in security lines |
|---|---|---|
| Of the holding lines disclosed, tracked | 47.0% | 62 of 132 positions. This can differ sharply from the weight figure above — a few very large untracked holdings move one and not the other. |
| Outside StockProof's tracked universe | 70 | 36.3% of NAV — listed in full below with real names and weights, never dropped |
| Not in any security line | 5.7% | cash, TREPS, repo and derivative margin, which the fund house reports without a security line |
Portfolio as disclosed by TATA BALANCED ADVANTAGE FUND on 31 Aug 2026, read from the fund house's own published file (sheet TBAF). The unit check passed: 94.29% of NAV over 132 lines is consistent with 'percent'.
| Holding | Industry / rating | % of NAV | Tracked |
|---|---|---|---|
| RELIANCE INDUSTRIES LTD INE002A01018 | Petroleum Products | 4.24% | on StockProof |
| HDFC BANK LTD INE040A01034 | Banks | 2.88% | on StockProof |
| BHARTI AIRTEL LTD INE397D01024 | Telecom - Services | 2.87% | on StockProof |
| ICICI BANK LTD INE090A01021 | Banks | 2.51% | on StockProof |
| GOI - 7.34% (22/04/2064) $$ IN0020240035 | SOV | 2.14% | outside tracked universe |
| LARSEN & TOUBRO LTD INE018A01030 | Construction | 2.02% | on StockProof |
| APOLLO HOSPITALS ENTERPRISE LTD INE437A01024 | Healthcare Services | 2.00% | on StockProof |
| SHRIRAM FINANCE LTD INE721A01047 | Finance | 1.98% | on StockProof |
| GOI - 6.54% (17/01/2032) $$ IN0020210244 | SOV | 1.87% | outside tracked universe |
| GODREJ PROPERTIES LTD INE484J01027 | Realty | 1.82% | on StockProof |
| BROOKFIELD INDIA REAL ESTATE TRUST INE0FDU25010 | Realty | 1.66% | outside tracked universe |
| GOI - 7.09% (05/08/2054) $$ IN0020240118 | SOV | 1.66% | outside tracked universe |
| STATE BANK OF INDIA INE062A01020 | Banks | 1.62% | on StockProof |
| BAJAJ FINSERV LTD INE918I01026 | Finance | 1.55% | on StockProof |
| MAHINDRA & MAHINDRA LTD INE101A01026 | Automobiles | 1.55% | on StockProof |
| FEDERAL BANK LTD INE171A01029 | Banks | 1.54% | on StockProof |
| SUN PHARMACEUTICAL INDUSTRIES LTD INE044A01036 | Pharmaceuticals & Biotechnology | 1.50% | on StockProof |
| PB FINTECH LTD INE417T01026 | Financial Technology (Fintech) | 1.46% | on StockProof |
| CUMMINS INDIA LTD INE298A01020 | Industrial Products | 1.44% | on StockProof |
| TATA CAPITAL LTD INE976I01016 | Finance | 1.39% | on StockProof |
| DR. LAL PATH LABS LTD INE600L01024 | Healthcare Services | 1.38% | on StockProof |
| AXIS BANK LTD INE238A01034 | Banks | 1.34% | on StockProof |
| INFOSYS LTD INE009A01021 | IT - Software | 1.31% | on StockProof |
| BAJAJ FINANCE LTD INE296A01032 | Finance | 1.30% | on StockProof |
| ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD INE742F01042 | Transport Infrastructure | 1.29% | on StockProof |
| HINDUSTAN UNILEVER LTD INE030A01027 | Diversified FMCG | 1.25% | on StockProof |
| MAX FINANCIAL SERVICES LTD INE180A01020 | Insurance | 1.21% | on StockProof |
| TATA STEEL LTD INE081A01020 | Ferrous Metals | 1.21% | on StockProof |
| NTPC LTD INE733E01010 | Power | 1.20% | on StockProof |
| NIVA BUPA HEALTH INSURANCE COMPANY LTD INE995S01015 | Insurance | 1.19% | outside tracked universe |
| NEXUS SELECT TRUST INE0NDH25011 | Realty | 1.18% | outside tracked universe |
| SHREE CEMENT LTD INE070A01015 | Cement & Cement Products | 1.17% | on StockProof |
| ADANI ENTERPRISES LTD INE423A01024 | Metals & Minerals Trading | 1.16% | on StockProof |
| ** 06.77 % TATA COMMUNICATIONS LTD - 07/08/2028 INE151A08356 | CRISIL-AAA | 1.15% | outside tracked universe |
| GOI - 6.68% (07/07/2040) IN0020250042 | SOV | 1.13% | outside tracked universe |
| SGS ANDHRA PRADESH 6.82% (04/06/2036) IN1020250123 | SOV | 1.10% | outside tracked universe |
| DELHIVERY LTD INE148O01028 | Transport Services | 1.05% | on StockProof |
| TENNECO CLEAN AIR INDIA LTD INE19RI01016 | Auto Components | 1.05% | on StockProof |
| ALTIUS TELECOM INFRASTRUCTURE TRUST INE0BWS23018 | Telecom - Services | 1.02% | outside tracked universe |
| TECH MAHINDRA LTD INE669C01036 | IT - Software | 0.99% | on StockProof |
| OIL & NATURAL GAS CO. INE213A01029 | Oil | 0.97% | on StockProof |
| AMBUJA CEMENTS LTD INE079A01024 | Cement & Cement Products | 0.95% | on StockProof |
| GOI - 7.10% (08/04/2034) $$ IN0020240019 | SOV | 0.95% | outside tracked universe |
| GOI - 5.74% (15/11/2026) $$ IN0020210186 | SOV | 0.94% | outside tracked universe |
| PRESTIGE ESTATES PROJECTS LTD INE811K01011 | Realty | 0.92% | on StockProof |
| GOI - 7.32% (13/11/2030) $$ IN0020230135 | SOV | 0.90% | outside tracked universe |
| INVENTURUS KNOWLEDGE SOLUTIONS LTD INE115Q01022 | IT - Services | 0.89% | on StockProof |
| BHARAT PETROLEUM CORPORATION LTD INE029A01011 | Petroleum Products | 0.88% | on StockProof |
| HDFC LIFE INSURANCE CO. LTD INE795G01014 | Insurance | 0.88% | outside tracked universe |
| ** 08.20 % ADANI POWER LTD - 25/01/2029 INE814H07208 | CRISIL-AA | 0.87% | outside tracked universe |
| ADANI ENERGY SOLUTIONS LTD INE931S01010 | Power | 0.82% | on StockProof |
| VARUN BEVERAGES LTD INE200M01039 | Beverages | 0.79% | on StockProof |
| ONE 97 COMMUNICATIONS LTD INE982J01020 | Financial Technology (Fintech) | 0.78% | on StockProof |
| VISHAL MEGA MART LTD INE01EA01019 | Retailing | 0.78% | on StockProof |
| CARTRADE TECH LTD INE290S01011 | Retailing | 0.74% | on StockProof |
| LIFE INSURANCE CORPORATION OF INDIA INE0J1Y01017 | Insurance | 0.74% | outside tracked universe |
| VEDANTA ALUMINIUM METAL LTD INE1CDF01017 | Non - Ferrous Metals | 0.73% | outside tracked universe |
| ICICI LOMBARD GENERAL INSURANCE CO. LTD INE765G01017 | Insurance | 0.72% | outside tracked universe |
| SEDEMAC MECHATRONICS LTD INE00XB01019 | Auto Components | 0.66% | outside tracked universe |
| ** JSW KALINGA STEEL LTD - 24/03/2031 - ZCB INE2QI808033 | CRISIL-AA | 0.61% | outside tracked universe |
| SDL GUJARAT 8.14% (20/03/2029) IN1520180333 | SOV | 0.60% | outside tracked universe |
| SGS ANDHRA PRADESH 7.70% (06/12/2029) IN1020230620 | SOV | 0.60% | outside tracked universe |
| ** 07.42 % MAHINDRA RURAL HOUSING FINANCE LTD - 23/02/2028 INE950O07545 | CRISIL-AAA | 0.59% | outside tracked universe |
| ** 07.06 % BROOKFIELD INDIA REAL ESTATE TRUST - 20/12/2030 INE0FDU07018 | ICRA-AAA | 0.58% | outside tracked universe |
| ** 07.68 % POONAWALLA FINCORP LTD - 20/03/2028 INE511C07979 | CRISIL-AAA | 0.58% | outside tracked universe |
| ** 08.45 % ADANI AIRPORT HOLDINGS LTD . - 12/02/2029 INE0GCN07054 | CRISIL-AA- | 0.58% | outside tracked universe |
| GOI - 6.92% (18/11/2039) IN0020240134 | SOV | 0.58% | outside tracked universe |
| ** MUTHOOT FINANCE LTD - 04/09/2029 - FRB INE414G07KC4 | CRISIL-AA+ | 0.58% | outside tracked universe |
| SDL HIMACHAL PRADESH 6.36% (29/07/2028) IN1720200030 | SOV | 0.58% | outside tracked universe |
| SDL KARNATAKA 6.58% (03/06/2030) IN1920200053 | SOV | 0.58% | outside tracked universe |
| ** 06.59 % POWER FINANCE CORPORATION - 15/10/2030 INE134E08NU7 | CRISIL-AAA | 0.56% | outside tracked universe |
| KEC INTERNATIONAL LTD INE389H01022 | Construction | 0.54% | on StockProof |
| SDL TAMILNADU 7.11% (31/07/2029) IN3120190068 | SOV | 0.53% | outside tracked universe |
| ** 08.40 % GODREJ PROPERTIES LTD - 25/01/2028 INE484J08089 | ICRA-AA+ | 0.47% | outside tracked universe |
| ** 08.20 % INDIA UNIVERSAL TRUST AL1 - 20/09/2030 INE16J715035 | IND-AAA(SO) | 0.46% | outside tracked universe |
| DABUR INDIA LTD INE016A01026 | Personal Products | 0.46% | on StockProof |
| PINE LABS LTD INE15B701018 | Financial Technology (Fintech) | 0.46% | on StockProof |
| METROPOLIS HEALTHCARE LTD INE112L01020 | Healthcare Services | 0.45% | outside tracked universe |
| GOI - 7.18% (14/08/2033) $$ IN0020230085 | SOV | 0.42% | outside tracked universe |
| ** 08.60 % SANSAR JAN 2025 TRUST - 25/09/2028 INE1WMT15017 | CRISIL-AAA(SO) | 0.33% | outside tracked universe |
| POWER GRID CORPORATION OF INDIA LTD INE752E01010 | Power | 0.33% | on StockProof |
| ** 06.66 % NABARD - 12/10/2028 INE261F08EP4 | CRISIL-AAA | 0.29% | outside tracked universe |
| ** 07.10 % NABARD - 29/03/2029 INE261F08ET6 | CRISIL-AAA | 0.29% | outside tracked universe |
| ** 07.44 % POWER FINANCE CORPORATION - 15/01/2030 INE134E08NO0 | CRISIL-AAA | 0.29% | outside tracked universe |
| ** 07.45 % POWER FINANCE CORPORATION - 15/07/2028 INE134E08NP7 | CRISIL-AAA | 0.29% | outside tracked universe |
| ** 07.58 % POONAWALLA FINCORP LTD - 08/09/2028 INE511C07938 | CRISIL-AAA | 0.29% | outside tracked universe |
| ** 07.59 % GIC HOUSING FINANCE LTD - 10/06/2027 INE289B07131 | CRISIL-AA+ | 0.29% | outside tracked universe |
| ** 07.60 % POONAWALLA FINCORP LTD - 28/05/2027 INE511C07870 | CRISIL-AAA | 0.29% | outside tracked universe |
| ** 07.85 % BHARTI TELECOM LTD - 20/03/2029 INE403D08322 | CRISIL-AAA | 0.29% | outside tracked universe |
| ** 07.88 % MUTHOOT FINANCE LTD - 22/11/2028 INE414G07JS2 | CRISIL-AA+ | 0.29% | outside tracked universe |
| SDL TAMILNADU 6.53% (06/01/2031) IN3120200339 | SOV | 0.29% | outside tracked universe |
| GOI - 6.94% (11/05/2036) IN0020260025 | SOV | 0.28% | outside tracked universe |
| ** 08.30 % TATA PROJECTS LTD - 07/01/2028 INE725H08238 | CRISIL-AA | 0.23% | outside tracked universe |
| ** 08.83 % LIQUID GOLD SERIES 18 - 20/11/2027 INE2R5L15013 | CRISIL-AAA(SO) | 0.20% | outside tracked universe |
| ** 08.25 % POONAWALLA FINCORP LTD - 11/05/2028 INE511C07AA1 | CRISIL-AAA | 0.18% | outside tracked universe |
| SDL MAHARASHTRA 7.60% (15/04/2030) IN2220200025 | SOV | 0.18% | outside tracked universe |
| ** 07.45 % TORRENT PHARMACEUTICALS LTD - 19/01/2028 INE685A07132 | ICRA-AA+ | 0.17% | outside tracked universe |
| GOI - 6.48% (06/10/2035) IN0020250091 | SOV | 0.17% | outside tracked universe |
| SDL GUJARAT 6.90% (31/03/2030) IN1520200354 | SOV | 0.17% | outside tracked universe |
| ** 08.85 % SANSAR JUNE 2024 TRUST - 25/07/2027 INE0YWN15017 | CRISIL-AAA(SO) | 0.15% | outside tracked universe |
| BHARAT ELECTRONICS LTD INE263A01024 | Aerospace & Defense | 0.15% | on StockProof |
| POLYCAB INDIA LTD INE455K01017 | Industrial Products | 0.13% | on StockProof |
| ** 08.17 % INDIA UNIVERSAL TRUST AL2 - 21/11/2030 INE1CBK15037 | CRISIL-AAA(SO) | 0.08% | outside tracked universe |
| ** 05.00 % GMR AIRPORTS LTD - 13/02/2027 INE776C08083 | CRISIL-A+ | 0.06% | outside tracked universe |
| ** 07.13 % NHPC LTD - 11/02/2028 INE848E07BA1 | ICRA-AAA | 0.06% | outside tracked universe |
| GOI - 6.97% (06/09/2026) $$ IN0020160035 | SOV | 0.06% | outside tracked universe |
| GOI - 7.38% (20/06/2027) IN0020220037 | SOV | 0.06% | outside tracked universe |
| SDL HARYANA 7.86% (27/12/2027) IN1620170101 | SOV | 0.06% | outside tracked universe |
| SDL TAMILNADU 6.95% (07/07/2031) IN3120210106 | SOV | 0.06% | outside tracked universe |
| ** 07.14 % EXIM - 13/12/2029 INE514E08GD0 | CRISIL-AAA | 0.03% | outside tracked universe |
| AUGMONT ENTERPRISES LTD INE16W401027 | Consumer Durables | 0.02% | outside tracked universe |
| TVS MOTOR COMPANY LTD (PREFERENCE SHARE) EX DT - 25/08/2025 INE494B04019 | Automobiles | 0.02% | outside tracked universe |
| UNO MINDA LTD INE405E01023 | Auto Components | 0.02% | on StockProof |
| ** INDIAN RAILWAYS FINANCE CORPORATION LTD - 01/12/2035 - ZCB INE053F08536 | CRISIL-AAA | 0.01% | outside tracked universe |
| GOI - 5.77% (03/08/2030) IN0020200153 | SOV | 0.00% | outside tracked universe |
| INDUSIND BANK LTD INE095A01012 | Banks | 0.00% | on StockProof |
| ITC LTD INE154A01025 | Diversified FMCG | 0.00% | on StockProof |
| MAX HEALTHCARE INSTITUTE LTD INE027H01010 | Healthcare Services | 0.00% | on StockProof |
| RELIANCE INDUSTRIES LTD^ INE002A01018 | Petroleum Products | 0.00% | on StockProof |
| RELIANCE INDUSTRIES LTD^ INE002A01018 | Petroleum Products | 0.00% | on StockProof |
| SGS KARNATAKA 7.73% (03/01/2035) IN1920230175 | SOV | 0.00% | outside tracked universe |
| SGS UTTAR PRADESH 7.70% (22/11/2035) IN3320230185 | SOV | 0.00% | outside tracked universe |
| STATE BANK OF INDIA^ INE062A01020 | Banks | 0.00% | on StockProof |
| STATE BANK OF INDIA^ INE062A01020 | Banks | 0.00% | on StockProof |
| BAJAJ FINANCE LTD^ INE296A01032 | Finance | -0.03% | on StockProof |
| MAHINDRA & MAHINDRA LTD^ INE101A01026 | Automobiles | -0.10% | on StockProof |
| FEDERAL BANK LTD^ INE171A01029 | Banks | -0.12% | on StockProof |
| POLYCAB INDIA LTD^ INE455K01017 | Industrial Products | -0.13% | on StockProof |
| BHARAT ELECTRONICS LTD^ INE263A01024 | Aerospace & Defense | -0.15% | on StockProof |
| POWER GRID CORPORATION OF INDIA LTD^ INE752E01010 | Power | -0.33% | on StockProof |
| HINDUSTAN UNILEVER LTD^ INE030A01027 | Diversified FMCG | -0.36% | on StockProof |
| RELIANCE INDUSTRIES LTD^ INE002A01018 | Petroleum Products | -0.70% | on StockProof |
Every line the fund house disclosed is listed above, in the order it weighs. Weights are the fund house's own "% to NAV" figures, normalised to a percentage of the whole fund; they are not rescaled to add to 100%.
Active share & tracking error
Active share (Cremers & Petajisto, 2009) is half the sum of the absolute difference between this fund's disclosed weight and the benchmark proxy's disclosed weight, security by security. Tracking error (Roll, 1992) is the annualized standard deviation of the daily difference between this fund's return and the proxy's, over the days both have a stored NAV. Neither is a rating or a score; both describe how much this fund's actual holdings and returns differ from a portfolio that simply held the benchmark.
StockProof has no official total-return index (TRI) data — the price feed it stores tracks an index's PRICE only, which understates a real TRI benchmark by roughly its dividend yield. Instead, both figures are computed against another fund: an index fund that tracks the same benchmark, whose own NAV already reflects reinvested dividends and whose own disclosed portfolio stands in for the benchmark's constituent weights. Measured directly: two different index funds on the same benchmark differ from each other by only 2–3 basis points a year of tracking error — two orders of magnitude below any actively managed fund's real figure — which is what licenses using one as a stand-in for the true benchmark. This proxy is hand-picked and verified for 24 declared benchmarks; a fund benchmarked to anything else shows no active share or tracking error, not a guessed one.
This fund's declared benchmark is CRISIL Hybrid 50+50 - Moderate Index, but no benchmark proxy has been hand-verified for “CRISIL Hybrid 50+50 - Moderate Index”.