Bandhan Balanced Advantage Fund vs Groww NIFTY 200 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Bandhan Balanced Advantage Fund is a Balanced Advantage fund and Groww NIFTY 200 ETF is an ETF fund. In the year to 30-10-2026, Bandhan Balanced Advantage Fund (Direct) returned 0.6% and Groww NIFTY 200 ETF returned −8.2%. Bandhan Balanced Advantage Fund charges 1.07% a year and Groww NIFTY 200 ETF 0.43%. Their portfolios overlap 46.2%: they hold 74 of the same securities.
Bandhan Balanced Advantage Fund
Balanced Advantage
- 1 year return
- 0.6%
- Expense ratio
- 1.07%
- NAV
- ₹28.91
Which is better, Bandhan 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.
- Bandhan Balanced Advantage returned more over 1 year: 0.6% against −8.2%.
- Groww NIFTY 200 ETF costs less: 0.43% a year against 1.07%.
- Bandhan Balanced Advantage fell less in its worst fall since 27-02-2025: −8.3% against −14.8%.
- Groww NIFTY 200 ETF holds more in large companies: 79.6% of the fund in large caps against 47.8%.
- Bandhan Balanced Advantage is the larger fund: ₹2,286 Cr against ₹16 Cr.
- Their portfolios overlap 46.2%: 74 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 | Bandhan Balanced Advantage Fund | Groww NIFTY 200 ETF |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Groww Mutual Fund |
| Category | Balanced Advantage | ETF |
| AUM | ₹2,286 Cr (31-08-2026) | ₹16 Cr (30-09-2026) |
| NAV | ₹28.91 (Direct) | ₹10.72 |
| Expense ratio (Direct) | 1.07% | Not available |
| Expense ratio (Regular) | 2.32% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | Nifty 200 TRI |
| Launch date | 10-10-2014 | 25-02-2025 |
| Minimum investment | ₹1,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Manish Gunwani, Brijesh Shah, Vishal Biraia, Ritika Behera, Gaurav Satra | Nikhil Satam, Aakash Chauhan, Shashi Kumar |
| Exit load | Exit load of 0.50%, if redeemed within 90 days. | Nil |
Bandhan 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 |
|---|---|---|---|---|---|---|---|
| Bandhan Balanced Advantage Fund (Direct) | −0.67% | −2.07% | +0.95% | +0.64% | +9.42% | +7.66% | +9.67% |
| 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% | +9.91% |
Category average: the average of the 38 Balanced Advantage funds, same plan type.
Bandhan Balanced Advantage vs Groww NIFTY 200 ETF: Year-wise Returns
| Year | Bandhan Balanced AdvantageBandhan Balanced Advantage | Groww NIFTY 200 ETFGroww NIFTY 200 ETF |
|---|---|---|
| 2026to date | −0.37% | −8.79% |
| 2025 | +6.45% | -- |
| 2024 | +16.06% | -- |
| 2023 | +16.45% | -- |
| 2022 | −0.44% | -- |
| 2021 | +17.25% | -- |
Bandhan 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.
Bandhan 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bandhan Balanced Advantage | 0.6 | 49.4 | 47.6 | 2.4 | 0.0 | 0.0 | 0.0 | 5.1% | 5.0% | −0.2% | 12.3% | 87% |
| 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.
Bandhan 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 |
|---|---|---|---|---|
| Bandhan Balanced AdvantageBandhan Balanced Advantage Fund (Direct) | ₹2,10,000 | ₹2,16,260 | ₹6,260 | 3.3% |
| Groww NIFTY 200 ETFGroww NIFTY 200 ETF | ₹2,10,000 | ₹2,04,546 | −₹5,454 | −2.9% |
Bandhan Balanced AdvantageBandhan 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.
Bandhan 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 | Bandhan Balanced Advantage Fund (Direct) | Groww NIFTY 200 ETF |
|---|---|---|
| Return (CAGR) | +0.64% | −8.21% |
| Standard deviation | 8.27% | 14.33% |
| Sharpe ratio | -0.56 | -0.94 |
| Sortino ratio | -0.77 | -1.24 |
| Maximum drawdown | −8.3% (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 | Bandhan Balanced Advantage Fund (Direct) | Groww NIFTY 200 ETF |
|---|---|---|
| Return (CAGR) | +9.19% | +4.51% |
| Standard deviation | 8.51% | 13.84% |
| Sharpe ratio | 0.41 | -0.07 |
| Sortino ratio | 0.55 | -0.09 |
| Maximum drawdown | −25.9% (23-03-2020) | −14.8% (31-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.43% |
From daily NAVs, 13-10-2014 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.
Bandhan 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 |
|---|---|---|---|---|---|---|
| Bandhan Balanced Advantage Fund (Direct) | −8.3% | 02-01-2026 | 30-03-2026 | 22-06-2026 | 3 months | −3.5% |
| 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.
Bandhan Balanced Advantage Fund (Direct)
Groww NIFTY 200 ETF
Nifty 200 TRI
Against Nifty 200 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bandhan Balanced Advantage Fund (Direct) | 64% | 41% | 7.11% |
| 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.
Bandhan Balanced Advantage vs Groww NIFTY 200 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Balanced Advantage Fund, August 2026; Groww NIFTY 200 ETF, September 2026
Holdings in common
- Overlap
- 46.2%
- Held by both
- 74
- Only in Bandhan Balanced Advantage
- 68
- Only in Groww NIFTY 200 ETF
- 126
| Security | % of Bandhan Balanced Advantage | % of Groww NIFTY 200 ETF |
|---|---|---|
| ICICI Bank Limited | 4.27% | 5.86% |
| Reliance Industries Limited | 3.91% | 4.91% |
| Bharti Airtel Limited | 3.63% | 3.31% |
| HDFC Bank Limited | 3.14% | 6.72% |
| Larsen & Toubro Limited | 2.16% | 2.72% |
| Axis Bank Limited | 1.93% | 2.18% |
| State Bank of India | 1.83% | 2.45% |
| Kotak Mahindra Bank Limited | 1.82% | 1.90% |
| Bajaj Finance Limited | 3.58% | 1.62% |
| Mahindra & Mahindra Limited | 1.25% | 1.63% |
| Infosys Limited | 1.18% | 2.17% |
| Titan Company Limited | 1.26% | 1.17% |
| UltraTech Cement Limited | 1.96% | 0.80% |
| JSW Steel Limited | 0.83% | 0.75% |
| Tata Consultancy Services Limited | 0.71% | 1.29% |
| Shriram Finance Limited | 0.70% | 0.85% |
| InterGlobe Aviation Limited | 1.15% | 0.70% |
| Sun Pharmaceutical Industries Limited | 0.68% | 1.19% |
| NTPC Limited | 0.67% | 0.95% |
| Adani Enterprises Limited | 0.56% | 0.61% |
| Divi's Laboratories Limited | 0.55% | 0.73% |
| Eternal Limited | 0.52% | 1.43% |
| Adani Ports and Special Economic Zone Limited | 0.48% | 0.87% |
| Tech Mahindra Limited | 0.45% | 0.60% |
| One 97 Communications Limited | 1.97% | 0.45% |
| Jio Financial Services Limited | 0.43% | 0.44% |
| Bharat Electronics Limited | 0.39% | 0.86% |
| Torrent Pharmaceuticals Limited | 0.38% | 0.43% |
| Tata Power Company Limited | 0.87% | 0.37% |
| IndusInd Bank Limited | 0.79% | 0.37% |
| Varun Beverages Limited | 0.95% | 0.37% |
| SBI Life Insurance Company Limited | 0.36% | 0.47% |
| Britannia Industries Limited | 0.48% | 0.35% |
| Eicher Motors Limited | 0.35% | 0.61% |
| HDFC Life Insurance Company Limited | 0.65% | 0.35% |
| IDFC First Bank Limited | 0.74% | 0.33% |
| Aurobindo Pharma Limited | 0.52% | 0.29% |
| Vedanta Limited | 0.42% | 0.28% |
| FSN E-Commerce Ventures Limited | 0.40% | 0.27% |
| Wipro Limited | 0.45% | 0.27% |
| Ashok Leyland Limited | 0.25% | 0.27% |
| Fortis Healthcare Limited | 0.44% | 0.25% |
| United Spirits Limited | 0.70% | 0.25% |
| GAIL (India) Limited | 0.24% | 0.28% |
| Marico Limited | 0.24% | 0.26% |
| ICICI Lombard General Insurance Company Limited | 0.29% | 0.24% |
| LTM Limited | 0.49% | 0.23% |
| The Phoenix Mills Limited | 0.58% | 0.22% |
| Tata Steel Limited | 0.22% | 0.95% |
| Glenmark Pharmaceuticals Limited | 0.52% | 0.22% |
| Radico Khaitan Limited | 1.05% | 0.21% |
| National Aluminium Company Limited | 0.64% | 0.19% |
| UPL Limited | 0.49% | 0.19% |
| Punjab National Bank | 0.18% | 0.24% |
| Samvardhana Motherson International Limited | 0.18% | 0.45% |
| Mphasis Limited | 0.41% | 0.18% |
| Mankind Pharma Limited | 0.28% | 0.18% |
| Adani Power Limited | 0.17% | 0.53% |
| Ambuja Cements Limited | 0.32% | 0.14% |
| CG Power and Industrial Solutions Limited | 0.14% | 0.36% |
| Indus Towers Limited | 0.14% | 0.30% |
| Bajaj Auto Limited | 0.14% | 0.73% |
| Godrej Properties Limited | 0.13% | 0.14% |
| Meesho Ltd | 0.37% | 0.13% |
| Hero MotoCorp Limited | 0.12% | 0.42% |
| Power Grid Corporation of India Limited | 0.12% | 0.73% |
| Grasim Industries Limited | 0.11% | 0.71% |
| Cipla Limited | 0.11% | 0.47% |
| Polycab India Limited | 0.11% | 0.26% |
| Bajaj Finserv Limited | 0.07% | 0.62% |
| Adani Energy Solutions Limited | 0.07% | 0.26% |
| Maruti Suzuki India Limited | 0.03% | 0.96% |
| ITC Limited | 0.02% | 1.57% |
| Adani Green Energy Limited | 0.02% | 0.26% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 46.2% means 46.2% 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 Bandhan Balanced Advantage Fund
| Security | % of fund |
|---|---|
| Axis Bank Limited | 4.23% |
| 7.53% Bajaj Housing Finance Limited | 2.16% |
| Bank of Baroda | 2.15% |
| Small Industries Dev Bank of India | 2.12% |
| Sundaram Finance Limited | 2.12% |
Largest holdings only in Groww NIFTY 200 ETF
| Security | % of fund |
|---|---|
| Hindustan Unilever Limited | 1.03% |
| Hindalco Industries Limited | 0.84% |
| HCL Technologies Limited | 0.80% |
| BSE Ltd | 0.78% |
| Asian Paints Limited | 0.67% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Balanced Advantage | Groww NIFTY 200 ETF |
|---|---|---|
| Equity | 69.7% | 99.9% |
| Debt | 28.5% | 0.0% |
| Cash and others | 1.8% | 0.1% |
Market cap of stocks
| Market cap | Bandhan Balanced Advantage | Groww NIFTY 200 ETF |
|---|---|---|
| Large Cap | 47.8% | 79.6% |
| Mid Cap | 13.0% | 19.9% |
| Small Cap | 8.3% | 0.3% |
| Not on AMFI's list | 0.5% | 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 | Bandhan Balanced Advantage | Groww NIFTY 200 ETF |
|---|---|---|
| Banks | 15.2% | 22.2% |
| Finance | 6.7% | 5.9% |
| IT - Software | 3.7% | 6.4% |
| Petroleum Products | 3.9% | 5.8% |
| Automobiles | 1.9% | 5.5% |
| Pharmaceuticals & Biotechnology | 3.5% | 5.1% |
| Telecom - Services | 3.8% | 3.9% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Balanced Advantage vs Groww NIFTY 200 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Balanced Advantage Fund | Groww NIFTY 200 ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.07% | Not available |
| Base expense ratio (Direct) | 0.67% | 0.35% |
| Total expense ratio (Regular) | 2.32% | Not available |
| Base expense ratio (Regular) | 1.74% | 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.
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Bandhan Balanced Advantage Fund vs Groww NIFTY 200 ETF: Frequently Asked Questions
What is the difference between Bandhan Balanced Advantage Fund and Groww NIFTY 200 ETF?
Bandhan Balanced Advantage Fund is a Balanced Advantage fund, Groww NIFTY 200 ETF is an ETF fund, run by Bandhan Mutual Fund and Groww Mutual Fund. Their portfolios overlap 46.2%. Bandhan Balanced Advantage Fund charges 1.07% a year and Groww NIFTY 200 ETF 0.43%.
Which has given higher returns, Bandhan Balanced Advantage Fund or Groww NIFTY 200 ETF?
Over 1 year: Bandhan Balanced Advantage Fund +0.64%, Groww NIFTY 200 ETF −8.21%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Balanced Advantage Fund or Groww NIFTY 200 ETF?
Groww NIFTY 200 ETF charges less: 0.43% a year against 1.07%. These are the total expense ratios reported to AMFI.
How much do Bandhan Balanced Advantage Fund and Groww NIFTY 200 ETF overlap?
46.2%. They hold 74 of the same securities, the largest shared ones being ICICIBANK, RELIANCE, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Balanced Advantage Fund or Groww NIFTY 200 ETF?
On SEBI's riskometer, Bandhan Balanced Advantage Fund is rated Very High and Groww NIFTY 200 ETF Very High. Over 1 years, the standard deviation of daily returns was 8.27% and 14.33% a year.
Can I invest in both Bandhan Balanced Advantage Fund and Groww NIFTY 200 ETF?
Yes. 46.2% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Bandhan Balanced Advantage Fund and Groww NIFTY 200 ETF?
Bandhan Balanced Advantage Fund: Manish Gunwani, Brijesh Shah, Vishal Biraia, Ritika Behera, Gaurav Satra. 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.