Axis Balanced Advantage Fund vs Groww NIFTY 200 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Axis Balanced Advantage Fund is a Balanced Advantage fund and Groww NIFTY 200 ETF is an ETF fund. In the year to 30-10-2026, Axis Balanced Advantage Fund (Direct) returned −1.4% and Groww NIFTY 200 ETF returned −8.2%. Axis Balanced Advantage Fund charges 1.00% a year and Groww NIFTY 200 ETF 0.43%. Their portfolios overlap 54.9%: they hold 81 of the same securities.
Axis Balanced Advantage Fund
Balanced Advantage
- 1 year return
- −1.4%
- Expense ratio
- 1.00%
- NAV
- ₹23.69
Which is better, Axis Balanced Advantage or Groww NIFTY 200 ETF? 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 1 year: −1.4% against −8.2%.
- Groww NIFTY 200 ETF costs less: 0.43% a year against 1.00%.
- Axis Balanced Advantage fell less in its worst fall since 27-02-2025: −7.8% against −14.8%.
- Groww NIFTY 200 ETF holds more in large companies: 79.6% of the fund in large caps against 58.2%.
- Axis Balanced Advantage is the larger fund: ₹3,651 Cr against ₹16 Cr.
- Their portfolios overlap 54.9%: 81 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 | Groww NIFTY 200 ETF |
|---|---|---|
| Fund house | Axis Mutual Fund | Groww Mutual Fund |
| Category | Balanced Advantage | ETF |
| AUM | ₹3,651 Cr (30-09-2026) | ₹16 Cr (30-09-2026) |
| NAV | ₹23.69 (Direct) | ₹10.72 |
| Expense ratio (Direct) | 1.00% | Not available |
| Expense ratio (Regular) | 2.18% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | Nifty 200 TRI |
| Launch date | 01-08-2017 | 25-02-2025 |
| Minimum investment | ₹100 | ₹500 |
| Lock in | None | None |
| Fund managers | Jayesh Sundar, Devang Shah, Hardik Shah | Nikhil Satam, Aakash Chauhan, Shashi Kumar |
| 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 Groww NIFTY 200 ETF: 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% | -- |
| Groww NIFTY 200 ETF | +0.13% | −6.00% | −3.35% | −8.21% | -- | -- | -- |
| 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 Groww NIFTY 200 ETF: Year-wise Returns
| Year | Axis Balanced AdvantageAxis Balanced Advantage | Groww NIFTY 200 ETFGroww NIFTY 200 ETF |
|---|---|---|
| 2026to date | −2.35% | −8.79% |
| 2025 | +8.16% | -- |
| 2024 | +18.99% | -- |
| 2023 | +21.46% | -- |
| 2022 | +0.91% | -- |
| 2021 | +17.23% | -- |
Axis Balanced Advantage vs Groww NIFTY 200 ETF: Rolling Returns
Every holding period of both funds, against Nifty 200 TRI, the benchmark of Groww NIFTY 200 ETF
Rolling returns
Every 1-year holding period, 166 of them, one for each trading day from 27-02-2026 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)
Groww NIFTY 200 ETF
Nifty 200 TRI
to
Mar 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 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 | 5.4 | 69.9 | 21.7 | 3.0 | 0.0 | 0.0 | 0.0 | 3.4% | 3.4% | −2.8% | 12.2% | 81% |
| Groww NIFTY 200 ETF | 46.3 | 37.8 | 11.6 | 3.7 | 0.6 | 0.0 | 0.0 | 0.8% | 0.3% | −9.9% | 15.6% | 0% |
| Nifty 200 TRI | 42.2 | 39.8 | 13.3 | 3.0 | 1.8 | 0.0 | 0.0 | 1.3% | 0.7% | −9.6% | 17.7% | -- |
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 200 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 27-02-2025. Past returns do not promise future returns.
Axis Balanced Advantage vs Groww NIFTY 200 ETF: 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 03-02-2025 to 30-10-2026: 21 instalments, ₹2,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis Balanced AdvantageAxis Balanced Advantage Fund (Direct) | ₹2,10,000 | ₹2,12,904 | ₹2,904 | 1.5% |
| Groww NIFTY 200 ETFGroww NIFTY 200 ETF | ₹2,10,000 | ₹2,04,546 | −₹5,454 | −2.9% |
Axis Balanced AdvantageAxis Balanced Advantage Fund (Direct)
Groww NIFTY 200 ETFGroww NIFTY 200 ETF
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 Groww NIFTY 200 ETF: 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) | Groww NIFTY 200 ETF |
|---|---|---|
| Return (CAGR) | −1.41% | −8.21% |
| Standard deviation | 8.19% | 14.33% |
| Sharpe ratio | -0.81 | -0.94 |
| Sortino ratio | -1.10 | -1.24 |
| Maximum drawdown | −7.8% (30-03-2026) | −14.8% (31-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.38% |
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) | Groww NIFTY 200 ETF |
|---|---|---|
| Return (CAGR) | +9.71% | +4.51% |
| Standard deviation | 8.12% | 13.84% |
| Sharpe ratio | 0.54 | -0.07 |
| Sortino ratio | 0.73 | -0.09 |
| Maximum drawdown | −17.2% (23-03-2020) | −14.8% (31-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.43% |
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)
Groww NIFTY 200 ETF
Nifty 200 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% |
| Groww NIFTY 200 ETF | −14.8% | 02-01-2026 | 31-03-2026 | Not yet | -- | −9.7% |
| Nifty 200 TRI | −14.8% | 02-01-2026 | 30-03-2026 | Not yet | -- | −9.4% |
From daily values since 27-02-2025, 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)
Groww NIFTY 200 ETF
Nifty 200 TRI
Against Nifty 200 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis Balanced Advantage Fund (Direct) | 65% | 54% | 7.20% |
| Groww NIFTY 200 ETF | 99% | 101% | 0.06% |
From month-end values since 27-02-2025. 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 Groww NIFTY 200 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Balanced Advantage Fund, September 2026; Groww NIFTY 200 ETF, September 2026
Holdings in common
- Overlap
- 54.9%
- Held by both
- 81
- Only in Axis Balanced Advantage
- 70
- Only in Groww NIFTY 200 ETF
- 119
| Security | % of Axis Balanced Advantage | % of Groww NIFTY 200 ETF |
|---|---|---|
| ICICI Bank Limited | 5.81% | 5.86% |
| HDFC Bank Limited | 5.65% | 6.72% |
| Reliance Industries Limited | 4.43% | 4.91% |
| State Bank of India | 3.26% | 2.45% |
| Bharti Airtel Limited | 2.38% | 3.31% |
| Larsen & Toubro Limited | 2.20% | 2.72% |
| Infosys Limited | 2.20% | 2.17% |
| Kotak Mahindra Bank Limited | 2.39% | 1.90% |
| Mahindra & Mahindra Limited | 2.01% | 1.63% |
| Axis Bank Limited | 1.53% | 2.18% |
| Eternal Limited | 1.51% | 1.43% |
| Sun Pharmaceutical Industries Limited | 1.19% | 1.19% |
| Bajaj Finance Limited | 1.17% | 1.62% |
| NTPC Limited | 1.56% | 0.95% |
| Shriram Finance Limited | 0.91% | 0.85% |
| ITC Limited | 0.70% | 1.57% |
| InterGlobe Aviation Limited | 0.99% | 0.70% |
| Hindustan Unilever Limited | 0.62% | 1.03% |
| Titan Company Limited | 0.62% | 1.17% |
| TVS Motor Company Limited | 0.78% | 0.60% |
| Asian Paints Limited | 0.59% | 0.67% |
| Tata Steel Limited | 0.57% | 0.95% |
| Hindustan Aeronautics Limited | 0.87% | 0.55% |
| Bajaj Auto Limited | 0.54% | 0.73% |
| Maruti Suzuki India Limited | 0.52% | 0.96% |
| Apollo Hospitals Enterprise Limited | 1.83% | 0.51% |
| SBI Life Insurance Company Limited | 0.71% | 0.47% |
| Samvardhana Motherson International Limited | 0.89% | 0.45% |
| UltraTech Cement Limited | 0.44% | 0.80% |
| Cholamandalam Investment and Finance Company Ltd | 0.57% | 0.43% |
| Divi's Laboratories Limited | 0.42% | 0.73% |
| The Indian Hotels Company Limited | 1.02% | 0.40% |
| Tata Consumer Products Limited | 0.62% | 0.38% |
| Tata Power Company Limited | 0.70% | 0.37% |
| Varun Beverages Limited | 0.63% | 0.37% |
| CG Power and Industrial Solutions Limited | 0.67% | 0.36% |
| Bharat Petroleum Corporation Limited | 0.36% | 0.38% |
| Britannia Industries Limited | 0.72% | 0.35% |
| HDFC Life Insurance Company Limited | 0.60% | 0.35% |
| Dixon Technologies (India) Limited | 0.50% | 0.33% |
| Tech Mahindra Limited | 0.33% | 0.60% |
| Coforge Limited | 0.32% | 0.38% |
| Torrent Pharmaceuticals Limited | 0.32% | 0.43% |
| Indus Towers Limited | 0.41% | 0.30% |
| Info Edge (India) Limited | 0.33% | 0.29% |
| Pidilite Industries Limited | 0.56% | 0.28% |
| Bharat Electronics Limited | 0.28% | 0.86% |
| FSN E-Commerce Ventures Limited | 0.38% | 0.27% |
| Cipla Limited | 0.25% | 0.47% |
| Solar Industries India Limited | 0.25% | 0.29% |
| United Spirits Limited | 0.81% | 0.25% |
| Multi Commodity Exchange of India Limited | 0.24% | 0.52% |
| REC Limited | 0.31% | 0.23% |
| Dr. Reddy's Laboratories Limited | 0.23% | 0.46% |
| The Phoenix Mills Limited | 0.96% | 0.22% |
| Bajaj Finserv Limited | 0.22% | 0.62% |
| GE Vernova T&D India Limited | 0.21% | 0.32% |
| Tata Motors Ltd | 0.20% | 0.55% |
| Tata Consultancy Services Limited | 0.19% | 1.29% |
| Fortis Healthcare Limited | 0.18% | 0.25% |
| Mphasis Limited | 0.47% | 0.18% |
| Mankind Pharma Limited | 0.38% | 0.18% |
| Vishal Mega Mart Limited | 0.20% | 0.18% |
| Eicher Motors Limited | 0.17% | 0.61% |
| Hindalco Industries Limited | 0.16% | 0.84% |
| Voltas Limited | 0.17% | 0.15% |
| The Federal Bank Limited | 0.13% | 0.48% |
| Exide Industries Limited | 0.21% | 0.12% |
| Tata Capital Limited | 0.36% | 0.11% |
| Jubilant Foodworks Limited | 0.36% | 0.11% |
| HCL Technologies Limited | 0.11% | 0.80% |
| LG Electronics India Ltd | 0.40% | 0.11% |
| Hyundai Motor India Ltd | 0.10% | 0.18% |
| Bharat Heavy Electricals Limited | 0.08% | 0.37% |
| Premier Energies Limited | 0.50% | 0.08% |
| Tata Motors Passenger Vehicles Limited | 0.06% | 0.37% |
| Aditya Birla Capital Limited | 0.04% | 0.20% |
| Bank of Baroda | 0.03% | 0.26% |
| IndusInd Bank Limited | 0.02% | 0.37% |
| Hero MotoCorp Limited | 0.01% | 0.42% |
| Godrej Properties Limited | 0.01% | 0.14% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 54.9% means 54.9% 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 Groww NIFTY 200 ETF
| Security | % of fund |
|---|---|
| Adani Port & Special Economic Zone Ltd | 0.87% |
| BSE Ltd | 0.78% |
| JSW Steel Limited | 0.75% |
| Power Grid Corporation of India Limited | 0.73% |
| Grasim Industries Limited | 0.71% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Balanced Advantage | Groww NIFTY 200 ETF |
|---|---|---|
| Equity | 72.9% | 99.9% |
| Debt | 22.8% | 0.0% |
| Cash and others | 4.3% | 0.1% |
Market cap of stocks
| Market cap | Axis Balanced Advantage | Groww NIFTY 200 ETF |
|---|---|---|
| Large Cap | 58.2% | 79.6% |
| Mid Cap | 9.1% | 19.9% |
| Small Cap | 5.3% | 0.3% |
| 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 | Groww NIFTY 200 ETF |
|---|---|---|
| Banks | 19.3% | 22.2% |
| IT - Software | 3.6% | 6.4% |
| Finance | 4.3% | 5.9% |
| Petroleum Products | 4.8% | 5.8% |
| Automobiles | 4.2% | 5.5% |
| Pharmaceuticals & Biotechnology | 3.1% | 5.1% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Balanced Advantage vs Groww NIFTY 200 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Balanced Advantage Fund | Groww NIFTY 200 ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.00% | Not available |
| Base expense ratio (Direct) | 0.66% | 0.35% |
| Total expense ratio (Regular) | 2.18% | Not available |
| Base expense ratio (Regular) | 1.64% | 0.00% |
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 Groww NIFTY 200 ETF: Frequently Asked Questions
What is the difference between Axis Balanced Advantage Fund and Groww NIFTY 200 ETF?
Axis Balanced Advantage Fund is a Balanced Advantage fund, Groww NIFTY 200 ETF is an ETF fund, run by Axis Mutual Fund and Groww Mutual Fund. Their portfolios overlap 54.9%. Axis Balanced Advantage Fund charges 1.00% a year and Groww NIFTY 200 ETF 0.43%.
Which has given higher returns, Axis Balanced Advantage Fund or Groww NIFTY 200 ETF?
Over 1 year: Axis Balanced Advantage Fund −1.41%, Groww NIFTY 200 ETF −8.21%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Balanced Advantage Fund or Groww NIFTY 200 ETF?
Groww NIFTY 200 ETF charges less: 0.43% a year against 1.00%. These are the total expense ratios reported to AMFI.
How much do Axis Balanced Advantage Fund and Groww NIFTY 200 ETF overlap?
54.9%. They hold 81 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 Groww NIFTY 200 ETF?
On SEBI's riskometer, Axis Balanced Advantage Fund is rated Very High and Groww NIFTY 200 ETF Very High. Over 1 years, the standard deviation of daily returns was 8.19% and 14.33% a year.
Can I invest in both Axis Balanced Advantage Fund and Groww NIFTY 200 ETF?
Yes. 54.9% 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 Groww NIFTY 200 ETF?
Axis Balanced Advantage Fund: Jayesh Sundar, Devang Shah, Hardik Shah. Groww NIFTY 200 ETF: Nikhil Satam, Aakash Chauhan, Shashi Kumar.
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.