Axis Balanced Advantage Fund vs Bandhan Nifty 100 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Balanced Advantage Fund is a Balanced Advantage fund and Bandhan Nifty 100 Index Fund is an Index fund. In the 3 years to 30-10-2026, Axis Balanced Advantage Fund (Direct) returned 11.5% a year and Bandhan Nifty 100 Index Fund (Direct) returned 8.9% a year. Axis Balanced Advantage Fund charges 1.00% a year and Bandhan Nifty 100 Index Fund 0.18% (Direct plans). Their portfolios overlap 55.1%: they hold 58 of the same securities.
Axis Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 11.5%
- Expense ratio
- 1.00%
- NAV
- ₹23.69
Bandhan Nifty 100 Index Fund
Index
- 3 year return
- 8.9%
- Expense ratio
- 0.18%
- NAV
- ₹14.41
Which is better, Axis Balanced Advantage or Bandhan Nifty 100 Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Axis Balanced Advantage returned more over 3 years: 11.5% a year against 8.9%.
- Axis Balanced Advantage returned more over 1 year: −1.4% against −8.8%.
- Bandhan Nifty 100 Index costs less: 0.18% a year against 1.00% (Direct plans).
- Axis Balanced Advantage swung less over 3 years: a standard deviation of 8.0% a year against 13.6%.
- Axis Balanced Advantage fell less in its worst fall since 25-02-2022: −7.8% against −17.3%.
- Bandhan Nifty 100 Index holds more in large companies: 97.9% of the fund in large caps against 58.2%.
- Axis Balanced Advantage is the larger fund: ₹3,651 Cr against ₹266 Cr.
- Their portfolios overlap 55.1%: 58 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Axis Balanced Advantage Fund | Bandhan Nifty 100 Index Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Bandhan Mutual Fund |
| Category | Balanced Advantage | Index |
| AUM | ₹3,651 Cr (30-09-2026) | ₹266 Cr (31-08-2026) |
| NAV | ₹23.69 (Direct) | ₹14.41 (Direct) |
| Expense ratio (Direct) | 1.00% | 0.18% |
| Expense ratio (Regular) | 2.18% | 0.68% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | Nifty 100 TRI |
| Launch date | 01-08-2017 | 24-02-2022 |
| Minimum investment | ₹100 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Jayesh Sundar, Devang Shah, Hardik Shah | Abhishek Jain |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months. | Nil |
Axis Balanced Advantage vs Bandhan Nifty 100 Index: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Axis Balanced Advantage Fund (Direct) | +0.59% | −2.63% | +0.25% | −1.41% | +11.50% | +9.11% | -- |
| Bandhan Nifty 100 Index Fund (Direct) | +1.03% | −5.35% | −3.06% | −8.85% | +8.87% | -- | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | -- |
Category average: the average of the 38 Balanced Advantage funds, same plan type.
Axis Balanced Advantage vs Bandhan Nifty 100 Index: Year-wise Returns
| Year | Axis Balanced AdvantageAxis Balanced Advantage | Bandhan Nifty 100 IndexBandhan Nifty 100 Index |
|---|---|---|
| 2026to date | −2.35% | −9.46% |
| 2025 | +8.16% | +10.06% |
| 2024 | +18.99% | +12.69% |
| 2023 | +21.46% | +21.06% |
| 2022 | +0.91% | -- |
| 2021 | +17.23% | -- |
Axis Balanced Advantage vs Bandhan Nifty 100 Index: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of Bandhan Nifty 100 Index Fund
Rolling returns
Every 3-year holding period, 418 of them, one for each trading day from 25-02-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Axis Balanced Advantage Fund (Direct)
Bandhan Nifty 100 Index Fund (Direct)
Nifty 100 TRI
to
Apr 2025Jul 2022
to
Jul 2025Nov 2022
to
Nov 2025Feb 2023
to
Feb 2026Jun 2023
to
Jun 2026Sept 2023
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis Balanced Advantage | 0.0 | 0.0 | 0.0 | 49.8 | 50.2 | 0.0 | 0.0 | 14.7% | 15.0% | 10.4% | 17.9% | 91% |
| Bandhan Nifty 100 Index | 0.0 | 0.0 | 13.2 | 65.6 | 21.3 | 0.0 | 0.0 | 13.0% | 13.3% | 6.9% | 19.3% | 0% |
| Nifty 100 TRI | 0.0 | 0.0 | 11.0 | 65.1 | 23.9 | 0.0 | 0.0 | 13.2% | 13.5% | 7.1% | 19.6% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty 100 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 25-02-2022. Past returns do not promise future returns.
Axis Balanced Advantage vs Bandhan Nifty 100 Index: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-02-2022 to 30-10-2026: 57 instalments, ₹5,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis Balanced AdvantageAxis Balanced Advantage Fund (Direct) | ₹5,70,000 | ₹7,05,828 | ₹1,35,828 | 9.0% |
| Bandhan Nifty 100 IndexBandhan Nifty 100 Index Fund (Direct) | ₹5,70,000 | ₹6,51,743 | ₹81,743 | 5.6% |
Axis Balanced AdvantageAxis Balanced Advantage Fund (Direct)
Bandhan Nifty 100 IndexBandhan Nifty 100 Index Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Axis Balanced Advantage vs Bandhan Nifty 100 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Balanced Advantage Fund (Direct) | Bandhan Nifty 100 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −1.41% | −8.85% |
| Standard deviation | 8.19% | 13.89% |
| Sharpe ratio | -0.81 | -1.02 |
| Sortino ratio | -1.10 | -1.35 |
| Maximum drawdown | −7.8% (30-03-2026) | −14.9% (30-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.17% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis Balanced Advantage Fund (Direct) | Bandhan Nifty 100 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.50% | +8.87% |
| Standard deviation | 8.03% | 13.64% |
| Sharpe ratio | 0.68 | 0.21 |
| Sortino ratio | 0.95 | 0.29 |
| Maximum drawdown | −7.8% (30-03-2026) | −17.3% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.21% |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis Balanced Advantage Fund (Direct) | Bandhan Nifty 100 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.71% | +8.81% |
| Standard deviation | 8.12% | 13.41% |
| Sharpe ratio | 0.54 | 0.21 |
| Sortino ratio | 0.73 | 0.29 |
| Maximum drawdown | −17.2% (23-03-2020) | −17.3% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.20% |
From daily NAVs, 07-08-2017 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Axis Balanced Advantage Fund (Direct)
Bandhan Nifty 100 Index Fund (Direct)
Nifty 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Balanced Advantage Fund (Direct) | −7.8% | 02-01-2026 | 30-03-2026 | 03-08-2026 | 4 months | −3.9% |
| Bandhan Nifty 100 Index Fund (Direct) | −17.3% | 26-09-2024 | 28-02-2025 | Not yet | -- | −10.3% |
| Nifty 100 TRI | −17.2% | 26-09-2024 | 28-02-2025 | 02-01-2026 | 10 months | −10.1% |
From daily values since 25-02-2022, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Balanced Advantage Fund (Direct)
Bandhan Nifty 100 Index Fund (Direct)
Nifty 100 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Balanced Advantage Fund (Direct)
Bandhan Nifty 100 Index Fund (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis Balanced Advantage Fund (Direct) | 70% | 46% | 6.65% |
| Bandhan Nifty 100 Index Fund (Direct) | 99% | 100% | 0.06% |
From month-end values since 25-02-2022. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Axis Balanced Advantage vs Bandhan Nifty 100 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Balanced Advantage Fund, September 2026; Bandhan Nifty 100 Index Fund, August 2026
Holdings in common
- Overlap
- 55.1%
- Held by both
- 58
- Only in Axis Balanced Advantage
- 93
- Only in Bandhan Nifty 100 Index
- 42
| Security | % of Axis Balanced Advantage | % of Bandhan Nifty 100 Index |
|---|---|---|
| ICICI Bank Limited | 5.81% | 7.80% |
| HDFC Bank Limited | 5.65% | 8.13% |
| Reliance Industries Limited | 4.43% | 6.46% |
| State Bank of India | 3.26% | 3.28% |
| Bharti Airtel Limited | 2.38% | 4.12% |
| Kotak Mahindra Bank Limited | 2.39% | 2.31% |
| Infosys Limited | 2.20% | 2.98% |
| Larsen & Toubro Limited | 2.20% | 3.54% |
| Mahindra & Mahindra Limited | 2.01% | 2.19% |
| Axis Bank Limited | 1.53% | 2.80% |
| Eternal Limited | 1.51% | 1.78% |
| Sun Pharmaceutical Industries Limited | 1.19% | 1.57% |
| Bajaj Finance Limited | 1.17% | 2.12% |
| NTPC Limited | 1.56% | 1.16% |
| Shriram Finance Limited | 0.91% | 1.16% |
| InterGlobe Aviation Limited | 0.99% | 0.89% |
| TVS Motor Company Limited | 0.78% | 0.76% |
| ITC Limited | 0.70% | 1.84% |
| Apollo Hospitals Enterprise Limited | 1.83% | 0.69% |
| Hindustan Aeronautics Limited | 0.87% | 0.68% |
| Hindustan Unilever Limited | 0.62% | 1.31% |
| Titan Company Limited | 0.62% | 1.58% |
| SBI Life Insurance Company Limited | 0.71% | 0.59% |
| Asian Paints Limited | 0.59% | 0.90% |
| Tata Steel Limited | 0.57% | 1.14% |
| Cholamandalam Investment and Finance Company Ltd | 0.57% | 0.60% |
| Samvardhana Motherson International Limited | 0.89% | 0.56% |
| Bajaj Auto Limited | 0.54% | 1.01% |
| Maruti Suzuki India Limited | 0.52% | 1.32% |
| Tata Consumer Products Limited | 0.62% | 0.51% |
| The Indian Hotels Company Limited | 1.02% | 0.49% |
| CG Power and Industrial Solutions Limited | 0.67% | 0.47% |
| Britannia Industries Limited | 0.72% | 0.46% |
| HDFC Life Insurance Company Limited | 0.60% | 0.44% |
| UltraTech Cement Limited | 0.44% | 1.01% |
| Tata Power Company Limited | 0.70% | 0.43% |
| Divi's Laboratories Limited | 0.42% | 0.90% |
| Varun Beverages Limited | 0.63% | 0.41% |
| Pidilite Industries Limited | 0.56% | 0.39% |
| Bharat Petroleum Corporation Limited | 0.36% | 0.49% |
| United Spirits Limited | 0.81% | 0.33% |
| Tech Mahindra Limited | 0.33% | 0.77% |
| Torrent Pharmaceuticals Limited | 0.32% | 0.56% |
| REC Limited | 0.31% | 0.30% |
| Bharat Electronics Limited | 0.28% | 1.11% |
| Cipla Limited | 0.25% | 0.59% |
| Solar Industries India Limited | 0.25% | 0.37% |
| Dr. Reddy's Laboratories Limited | 0.23% | 0.53% |
| Bajaj Finserv Limited | 0.22% | 0.88% |
| Tata Motors Ltd | 0.20% | 0.74% |
| Tata Consultancy Services Limited | 0.19% | 1.83% |
| Eicher Motors Limited | 0.17% | 0.82% |
| Hindalco Industries Limited | 0.16% | 1.10% |
| Tata Capital Limited | 0.36% | 0.14% |
| HCL Technologies Limited | 0.11% | 1.04% |
| Hyundai Motor India Ltd | 0.10% | 0.24% |
| Tata Motors Passenger Vehicles Limited | 0.06% | 0.48% |
| Bank of Baroda | 0.03% | 0.33% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 55.1% means 55.1% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Axis Balanced Advantage Fund
| Security | % of fund |
|---|---|
| Cholamandalam Investment and Finance Company Ltd (27/02/2029) (FRN) | 1.78% |
| 7.61% Government of India (09/05/2030) | 1.40% |
| 7.97% Mankind Pharma Limited (16/11/2027) | 1.37% |
| 8.4% Muthoot Finance Limited (28/08/2028) | 1.36% |
| 8.11% Pilani Investment and Industries Corporation Limited (24/04/2029) | 1.35% |
Largest holdings only in Bandhan Nifty 100 Index Fund
| Security | % of fund |
|---|---|
| Grasim Industries Limited | 0.95% |
| JSW Steel Limited | 0.92% |
| Power Grid Corporation of India Limited | 0.89% |
| Adani Ports and Special Economic Zone Limited | 0.88% |
| Nestle India Limited | 0.80% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Balanced Advantage | Bandhan Nifty 100 Index |
|---|---|---|
| Equity | 72.9% | 101.5% |
| Debt | 22.8% | 0.0% |
| Cash and others | 4.3% | -1.5% |
Market cap of stocks
| Market cap | Axis Balanced Advantage | Bandhan Nifty 100 Index |
|---|---|---|
| Large Cap | 58.2% | 97.9% |
| Mid Cap | 9.1% | 3.6% |
| Small Cap | 5.3% | 0.0% |
| Not on AMFI's list | 0.3% | 0.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Axis Balanced Advantage | Bandhan Nifty 100 Index |
|---|---|---|
| Banks | 19.3% | 25.5% |
| Petroleum Products | 4.8% | 7.3% |
| IT - Software | 3.6% | 7.3% |
| Finance | 4.3% | 6.9% |
| Automobiles | 4.2% | 6.8% |
| Pharmaceuticals & Biotechnology | 3.1% | 4.4% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Balanced Advantage vs Bandhan Nifty 100 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Balanced Advantage Fund | Bandhan Nifty 100 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.00% | 0.18% |
| Base expense ratio (Direct) | 0.66% | 0.08% |
| Total expense ratio (Regular) | 2.18% | 0.68% |
| Base expense ratio (Regular) | 1.64% | 0.51% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Axis Balanced Advantage Fund vs Bandhan Nifty 100 Index Fund: Frequently Asked Questions
What is the difference between Axis Balanced Advantage Fund and Bandhan Nifty 100 Index Fund?
Axis Balanced Advantage Fund is a Balanced Advantage fund, Bandhan Nifty 100 Index Fund is an Index fund, run by Axis Mutual Fund and Bandhan Mutual Fund. Their portfolios overlap 55.1%. Axis Balanced Advantage Fund charges 1.00% a year and Bandhan Nifty 100 Index Fund 0.18%.
Which has given higher returns, Axis Balanced Advantage Fund or Bandhan Nifty 100 Index Fund?
Over 1 year: Axis Balanced Advantage Fund −1.41%, Bandhan Nifty 100 Index Fund −8.85%. Over 3 years: Axis Balanced Advantage Fund +11.50% a year, Bandhan Nifty 100 Index Fund +8.87% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Balanced Advantage Fund or Bandhan Nifty 100 Index Fund?
Bandhan Nifty 100 Index Fund charges less: 0.18% a year against 1.00%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Balanced Advantage Fund and Bandhan Nifty 100 Index Fund overlap?
55.1%. They hold 58 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Axis Balanced Advantage Fund or Bandhan Nifty 100 Index Fund?
On SEBI's riskometer, Axis Balanced Advantage Fund is rated Very High and Bandhan Nifty 100 Index Fund Very High. Over 3 years, the standard deviation of daily returns was 8.03% and 13.64% a year.
Which is better for SIP, Axis Balanced Advantage Fund or Bandhan Nifty 100 Index Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,00,013 in Axis Balanced Advantage Fund (XIRR 5.0% a year) and ₹3,72,224 in Bandhan Nifty 100 Index Fund (XIRR 0.4% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Axis Balanced Advantage Fund and Bandhan Nifty 100 Index Fund?
Yes. 55.1% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Axis Balanced Advantage Fund and Bandhan Nifty 100 Index Fund?
Axis Balanced Advantage Fund: Jayesh Sundar, Devang Shah, Hardik Shah. Bandhan Nifty 100 Index Fund: Abhishek Jain.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.