Bajaj Finserv Balanced Advantage Fund vs SBI NIFTY Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bajaj Finserv Balanced Advantage Fund is a Balanced Advantage fund and SBI NIFTY Index Fund is an Index fund. In the year to 30-10-2026, Bajaj Finserv Balanced Advantage Fund (Direct) returned −1.8% and SBI NIFTY Index Fund (Direct) returned −10.2%. Bajaj Finserv Balanced Advantage Fund charges 1.05% a year and SBI NIFTY Index Fund 0.24% (Direct plans). Their portfolios overlap 55.8%: they hold 29 of the same securities.
Bajaj Finserv Balanced Advantage Fund
Balanced Advantage
- 1 year return
- −1.8%
- Expense ratio
- 1.05%
- NAV
- ₹11.78
Which is better, Bajaj Finserv Balanced Advantage or SBI NIFTY Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bajaj Finserv Balanced Advantage returned more over 1 year: −1.8% against −10.2%.
- SBI NIFTY Index costs less: 0.24% a year against 1.05% (Direct plans).
- Bajaj Finserv Balanced Advantage fell less in its worst fall since 18-12-2023: −12.5% against −15.5%.
- SBI NIFTY Index holds more in large companies: 98.8% of the fund in large caps against 68.5%.
- SBI NIFTY Index is the larger fund: ₹13,190 Cr against ₹1,207 Cr.
- Their portfolios overlap 55.8%: 29 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 | Bajaj Finserv Balanced Advantage Fund | SBI NIFTY Index Fund |
|---|---|---|
| Fund house | Bajaj Finserv Mutual Fund | SBI Mutual Fund |
| Category | Balanced Advantage | Index |
| AUM | ₹1,207 Cr (30-09-2026) | ₹13,190 Cr (30-09-2026) |
| NAV | ₹11.78 (Direct) | ₹215.76 (Direct) |
| Expense ratio (Direct) | 1.05% | 0.24% |
| Expense ratio (Regular) | 2.64% | 0.44% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | Nifty 50 TRI |
| Launch date | 15-12-2023 | 17-01-2002 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Nimesh Chandan, Sorbh Gupta, Siddharth Chaudhary | Raviprakash Sharma |
| Exit load | Exit Load for units in excess of 8% of the investment,1% will be charged for redemption within 3 months. | Exit load of 0.25% if redeemed within 30 days |
Bajaj Finserv Balanced Advantage vs SBI NIFTY 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 |
|---|---|---|---|---|---|---|---|
| Bajaj Finserv Balanced Advantage Fund (Direct) | −0.52% | −3.60% | +0.90% | −1.78% | -- | -- | -- |
| SBI NIFTY Index Fund (Direct) | +1.94% | −5.06% | −3.24% | −10.22% | +7.34% | +6.43% | +11.22% |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | -- | -- | -- |
Category average: the average of the 38 Balanced Advantage funds, same plan type.
Bajaj Finserv Balanced Advantage vs SBI NIFTY Index: Year-wise Returns
| Year | Bajaj Finserv Balanced AdvantageBajaj Finserv Balanced Advantage | SBI NIFTY IndexSBI NIFTY Index |
|---|---|---|
| 2026to date | −2.88% | −11.09% |
| 2025 | +10.06% | +11.58% |
| 2024 | +8.82% | +9.80% |
| 2023 | -- | +21.04% |
| 2022 | -- | +5.43% |
| 2021 | -- | +25.10% |
Bajaj Finserv Balanced Advantage vs SBI NIFTY Index: Rolling Returns
Every holding period of both funds, against Nifty 50 TRI, the benchmark of SBI NIFTY Index Fund
Rolling returns
Every 1-year holding period, 460 of them, one for each trading day from 18-12-2024 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.
Bajaj Finserv Balanced Advantage Fund (Direct)
SBI NIFTY Index Fund (Direct)
Nifty 50 TRI
to
Feb 2025Jun 2024
to
Jun 2025Sept 2024
to
Sept 2025Jan 2025
to
Jan 2026May 2025
to
May 2026Sept 2025
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bajaj Finserv Balanced Advantage | 8.5 | 40.0 | 40.9 | 10.7 | 0.0 | 0.0 | 0.0 | 5.0% | 5.2% | −3.6% | 14.9% | 45% |
| SBI NIFTY Index | 31.8 | 20.4 | 30.5 | 17.4 | 0.0 | 0.0 | 0.0 | 3.5% | 4.2% | −12.0% | 14.8% | 0% |
| Nifty 50 TRI | 30.0 | 21.7 | 27.6 | 20.7 | 0.0 | 0.0 | 0.0 | 3.8% | 4.4% | −11.8% | 14.3% | -- |
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 50 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 18-12-2023. Past returns do not promise future returns.
Bajaj Finserv Balanced Advantage vs SBI NIFTY 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 18-12-2023 to 30-10-2026: 35 instalments, ₹3,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bajaj Finserv Balanced AdvantageBajaj Finserv Balanced Advantage Fund (Direct) | ₹3,50,000 | ₹3,65,095 | ₹15,095 | 2.9% |
| SBI NIFTY IndexSBI NIFTY Index Fund (Direct) | ₹3,50,000 | ₹3,43,178 | −₹6,822 | −1.3% |
Bajaj Finserv Balanced AdvantageBajaj Finserv Balanced Advantage Fund (Direct)
SBI NIFTY IndexSBI NIFTY 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.
Bajaj Finserv Balanced Advantage vs SBI NIFTY Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bajaj Finserv Balanced Advantage Fund (Direct) | SBI NIFTY Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −1.78% | −10.22% |
| Standard deviation | 10.94% | 13.62% |
| Sharpe ratio | -0.64 | -1.14 |
| Sortino ratio | -0.86 | -1.52 |
| Maximum drawdown | −10.5% (30-03-2026) | −15.1% (31-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.23% |
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 | Bajaj Finserv Balanced Advantage Fund (Direct) | SBI NIFTY Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.82% | +10.95% |
| Standard deviation | 9.79% | 15.84% |
| Sharpe ratio | -0.02 | 0.31 |
| Sortino ratio | -0.02 | 0.42 |
| Maximum drawdown | −12.5% (04-03-2025) | −38.4% (23-03-2020) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.62% |
From daily NAVs, 18-12-2023 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.
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.
Bajaj Finserv Balanced Advantage Fund (Direct)
SBI NIFTY Index Fund (Direct)
Nifty 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bajaj Finserv Balanced Advantage Fund (Direct) | −12.5% | 27-09-2024 | 04-03-2025 | 16-10-2025 | 7 months | −5.5% |
| SBI NIFTY Index Fund (Direct) | −15.5% | 26-09-2024 | 04-03-2025 | 27-10-2025 | 8 months | −11.8% |
| Nifty 50 TRI | −15.4% | 26-09-2024 | 04-03-2025 | 23-10-2025 | 8 months | −11.6% |
From daily values since 18-12-2023, 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.
Bajaj Finserv Balanced Advantage Fund (Direct)
SBI NIFTY Index Fund (Direct)
Nifty 50 TRI
Against Nifty 50 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bajaj Finserv Balanced Advantage Fund (Direct) | 88% | 73% | 4.00% |
| SBI NIFTY Index Fund (Direct) | 99% | 101% | 0.01% |
From month-end values since 18-12-2023. 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.
Bajaj Finserv Balanced Advantage vs SBI NIFTY Index: Portfolio Overlap
From each fund's latest monthly portfolio: Bajaj Finserv Balanced Advantage Fund, September 2026; SBI NIFTY Index Fund, September 2026
Holdings in common
- Overlap
- 55.8%
- Held by both
- 29
- Only in Bajaj Finserv Balanced Advantage
- 28
- Only in SBI NIFTY Index
- 21
| Security | % of Bajaj Finserv Balanced Advantage | % of SBI NIFTY Index |
|---|---|---|
| HDFC Bank Limited | 9.11% | 10.40% |
| ICICI Bank Limited | 5.83% | 9.07% |
| Reliance Industries Limited | 5.26% | 7.60% |
| Bharti Airtel Limited | 4.77% | 5.12% |
| Bajaj Finance Limited | 3.51% | 2.51% |
| State Bank of India | 2.45% | 3.80% |
| Larsen & Toubro Limited | 2.22% | 4.21% |
| Axis Bank Limited | 2.04% | 3.37% |
| Sun Pharmaceutical Industries Limited | 1.96% | 1.84% |
| ITC Limited | 1.69% | 2.43% |
| Hindustan Unilever Limited | 1.90% | 1.60% |
| Tata Steel Limited | 2.62% | 1.46% |
| Eternal Limited | 1.46% | 2.22% |
| Infosys Limited | 1.44% | 3.36% |
| Shriram Finance Limited | 1.74% | 1.32% |
| Titan Company Limited | 1.25% | 1.81% |
| UltraTech Cement Limited | 1.90% | 1.24% |
| Bajaj Auto Limited | 1.93% | 1.14% |
| JSW Steel Limited | 1.09% | 1.16% |
| HCL Technologies Limited | 1.03% | 1.24% |
| SBI Life Insurance Company Limited | 0.80% | 0.73% |
| Trent Limited | 0.70% | 0.84% |
| Jio Financial Services Limited | 1.36% | 0.68% |
| Grasim Industries Limited | 0.64% | 1.11% |
| Asian Paints Limited | 0.56% | 1.04% |
| HDFC Life Insurance Company Limited | 0.66% | 0.54% |
| Hindalco Industries Limited | 0.51% | 1.31% |
| Bharat Electronics Limited | 0.47% | 1.33% |
| Mahindra & Mahindra Limited | 0.24% | 2.52% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 55.8% means 55.8% 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 Bajaj Finserv Balanced Advantage Fund
| Security | % of fund |
|---|---|
| Divi's Laboratories Limited | 3.07% |
| GlaxoSmithKline Pharmaceuticals Limited | 2.64% |
| 6.85% National Bank For Agriculture and Rural Development (19/01/2029) | 2.03% |
| 6.66% Small Industries Dev Bank of India (25/10/2028) | 2.03% |
| DLF Limited | 1.91% |
Largest holdings only in SBI NIFTY Index Fund
| Security | % of fund |
|---|---|
| Kotak Mahindra Bank Ltd. | 2.94% |
| Tata Consultancy Services Ltd. | 2.00% |
| Maruti Suzuki India Ltd. | 1.49% |
| NTPC Ltd. | 1.47% |
| Adani Ports and Special Economic Zone Ltd. | 1.35% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bajaj Finserv Balanced Advantage | SBI NIFTY Index |
|---|---|---|
| Equity | 82.8% | 100.2% |
| Debt | 5.7% | 0.0% |
| Cash and others | 11.5% | -0.2% |
Market cap of stocks
| Market cap | Bajaj Finserv Balanced Advantage | SBI NIFTY Index |
|---|---|---|
| Large Cap | 68.5% | 98.8% |
| Mid Cap | 8.3% | 1.4% |
| Small Cap | 4.5% | 0.0% |
| Not on AMFI's list | 1.5% | 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 | Bajaj Finserv Balanced Advantage | SBI NIFTY Index |
|---|---|---|
| Banks | 22.2% | 29.6% |
| Pharmaceuticals & Biotechnology | 8.9% | 3.3% |
| Petroleum Products | 5.3% | 7.6% |
| IT - Software | 2.5% | 7.5% |
| Automobiles | 2.2% | 6.7% |
| Finance | 6.6% | 5.5% |
| Telecom - Services | 4.8% | 5.1% |
| Ferrous Metals | 4.7% | 2.6% |
The six largest sectors of each fund's stocks, % of the fund.
Bajaj Finserv Balanced Advantage vs SBI NIFTY Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bajaj Finserv Balanced Advantage Fund | SBI NIFTY Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.05% | 0.24% |
| Base expense ratio (Direct) | 0.52% | 0.16% |
| Total expense ratio (Regular) | 2.64% | 0.44% |
| Base expense ratio (Regular) | 1.87% | 0.33% |
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
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Bajaj Finserv Balanced Advantage Fund vs SBI NIFTY Index Fund: Frequently Asked Questions
What is the difference between Bajaj Finserv Balanced Advantage Fund and SBI NIFTY Index Fund?
Bajaj Finserv Balanced Advantage Fund is a Balanced Advantage fund, SBI NIFTY Index Fund is an Index fund, run by Bajaj Finserv Mutual Fund and SBI Mutual Fund. Their portfolios overlap 55.8%. Bajaj Finserv Balanced Advantage Fund charges 1.05% a year and SBI NIFTY Index Fund 0.24%.
Which has given higher returns, Bajaj Finserv Balanced Advantage Fund or SBI NIFTY Index Fund?
Over 1 year: Bajaj Finserv Balanced Advantage Fund −1.78%, SBI NIFTY Index Fund −10.22%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bajaj Finserv Balanced Advantage Fund or SBI NIFTY Index Fund?
SBI NIFTY Index Fund charges less: 0.24% a year against 1.05%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bajaj Finserv Balanced Advantage Fund and SBI NIFTY Index Fund overlap?
55.8%. They hold 29 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Bajaj Finserv Balanced Advantage Fund or SBI NIFTY Index Fund?
On SEBI's riskometer, Bajaj Finserv Balanced Advantage Fund is rated Very High and SBI NIFTY Index Fund Very High. Over 1 years, the standard deviation of daily returns was 10.94% and 13.62% a year.
Can I invest in both Bajaj Finserv Balanced Advantage Fund and SBI NIFTY Index Fund?
Yes. 55.8% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Bajaj Finserv Balanced Advantage Fund and SBI NIFTY Index Fund?
Bajaj Finserv Balanced Advantage Fund: Nimesh Chandan, Sorbh Gupta, Siddharth Chaudhary. SBI NIFTY Index Fund: Raviprakash Sharma.
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.