Bandhan Balanced Advantage Fund vs HDFC BSE 500 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Balanced Advantage Fund is a Balanced Advantage fund and HDFC BSE 500 Index Fund is an Index fund. In the 3 years to 30-10-2026, Bandhan Balanced Advantage Fund (Direct) returned 9.4% a year and HDFC BSE 500 Index Fund (Direct) returned 9.3% a year. Bandhan Balanced Advantage Fund charges 1.07% a year and HDFC BSE 500 Index Fund 0.35% (Direct plans). Their portfolios overlap 44.9%: they hold 92 of the same securities.
Bandhan Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 9.4%
- Expense ratio
- 1.07%
- NAV
- ₹28.91
Which is better, Bandhan Balanced Advantage or HDFC BSE 500 Index? 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 3 years: 9.4% a year against 9.3%.
- Bandhan Balanced Advantage returned more over 1 year: 0.6% against −8.0%.
- HDFC BSE 500 Index costs less: 0.35% a year against 1.07% (Direct plans).
- Bandhan Balanced Advantage swung less over 3 years: a standard deviation of 7.5% a year against 14.1%.
- Bandhan Balanced Advantage fell less in its worst fall since 21-04-2023: −8.3% against −18.8%.
- HDFC BSE 500 Index holds more in large companies: 67.0% of the fund in large caps against 47.8%.
- Bandhan Balanced Advantage is the larger fund: ₹2,286 Cr against ₹313 Cr.
- Their portfolios overlap 44.9%: 92 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 | HDFC BSE 500 Index Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | HDFC Mutual Fund |
| Category | Balanced Advantage | Index |
| AUM | ₹2,286 Cr (31-08-2026) | ₹313 Cr (30-09-2026) |
| NAV | ₹28.91 (Direct) | ₹14.81 (Direct) |
| Expense ratio (Direct) | 1.07% | 0.35% |
| Expense ratio (Regular) | 2.32% | 0.84% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | BSE 500 TRI |
| Launch date | 10-10-2014 | 21-04-2023 |
| Minimum investment | ₹1,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Manish Gunwani, Brijesh Shah, Vishal Biraia, Ritika Behera, Gaurav Satra | Nandita Menezes, Arun Agarwal |
| Exit load | Exit load of 0.50%, if redeemed within 90 days. | NIL |
Bandhan Balanced Advantage vs HDFC BSE 500 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 |
|---|---|---|---|---|---|---|---|
| Bandhan Balanced Advantage Fund (Direct) | −0.67% | −2.07% | +0.95% | +0.64% | +9.42% | +7.66% | +9.67% |
| HDFC BSE 500 Index Fund (Direct) | −0.90% | −6.15% | −3.10% | −7.96% | +9.29% | -- | -- |
| 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 HDFC BSE 500 Index: Year-wise Returns
| Year | Bandhan Balanced AdvantageBandhan Balanced Advantage | HDFC BSE 500 IndexHDFC BSE 500 Index |
|---|---|---|
| 2026to date | −0.37% | −8.06% |
| 2025 | +6.45% | +7.17% |
| 2024 | +16.06% | +14.95% |
| 2023 | +16.45% | -- |
| 2022 | −0.44% | -- |
| 2021 | +17.25% | -- |
Bandhan Balanced Advantage vs HDFC BSE 500 Index: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of HDFC BSE 500 Index Fund
Rolling returns
Every 3-year holding period, 132 of them, one for each trading day from 21-04-2026 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)
HDFC BSE 500 Index Fund (Direct)
BSE 500 TRI
to
May 2026Jun 2023
to
Jun 2026Jul 2023
to
Jul 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 2026Oct 2023
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 | 0.0 | 0.0 | 22.0 | 78.0 | 0.0 | 0.0 | 0.0 | 10.6% | 10.6% | 8.9% | 12.9% | 15% |
| HDFC BSE 500 Index | 0.0 | 0.0 | 25.2 | 72.5 | 2.3 | 0.0 | 0.0 | 11.6% | 11.9% | 7.9% | 15.8% | 0% |
| BSE 500 TRI | 0.0 | 0.0 | 18.2 | 74.2 | 7.6 | 0.0 | 0.0 | 12.2% | 12.5% | 8.4% | 16.5% | -- |
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 BSE 500 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 21-04-2023. Past returns do not promise future returns.
Bandhan Balanced Advantage vs HDFC BSE 500 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 03-04-2023 to 30-10-2026: 43 instalments, ₹4,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan Balanced AdvantageBandhan Balanced Advantage Fund (Direct) | ₹4,30,000 | ₹4,83,515 | ₹53,515 | 6.5% |
| HDFC BSE 500 IndexHDFC BSE 500 Index Fund (Direct) | ₹4,30,000 | ₹4,55,892 | ₹25,892 | 3.2% |
Bandhan Balanced AdvantageBandhan Balanced Advantage Fund (Direct)
HDFC BSE 500 IndexHDFC BSE 500 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.
Bandhan Balanced Advantage vs HDFC BSE 500 Index: 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) | HDFC BSE 500 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.64% | −7.96% |
| Standard deviation | 8.27% | 14.18% |
| Sharpe ratio | -0.56 | -0.93 |
| Sortino ratio | -0.77 | -1.23 |
| Maximum drawdown | −8.3% (30-03-2026) | −14.8% (31-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.34% |
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) | HDFC BSE 500 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.42% | +9.29% |
| Standard deviation | 7.46% | 14.08% |
| Sharpe ratio | 0.46 | 0.23 |
| Sortino ratio | 0.62 | 0.31 |
| Maximum drawdown | −8.3% (30-03-2026) | −18.8% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.58% |
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 | Bandhan Balanced Advantage Fund (Direct) | HDFC BSE 500 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.19% | +11.82% |
| Standard deviation | 8.51% | 13.39% |
| Sharpe ratio | 0.41 | 0.42 |
| Sortino ratio | 0.55 | 0.57 |
| Maximum drawdown | −25.9% (23-03-2020) | −18.8% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.58% |
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)
HDFC BSE 500 Index Fund (Direct)
BSE 500 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% |
| HDFC BSE 500 Index Fund (Direct) | −18.8% | 26-09-2024 | 28-02-2025 | Not yet | -- | −10.1% |
| BSE 500 TRI | −18.7% | 26-09-2024 | 28-02-2025 | Not yet | -- | −9.4% |
From daily values since 21-04-2023, 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.
Bandhan Balanced Advantage Fund (Direct)
HDFC BSE 500 Index Fund (Direct)
BSE 500 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.
Bandhan Balanced Advantage Fund (Direct)
HDFC BSE 500 Index Fund (Direct)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bandhan Balanced Advantage Fund (Direct) | 62% | 42% | 7.44% |
| HDFC BSE 500 Index Fund (Direct) | 98% | 101% | 0.13% |
From month-end values since 21-04-2023. 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.
Bandhan Balanced Advantage vs HDFC BSE 500 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Balanced Advantage Fund, August 2026; HDFC BSE 500 Index Fund, September 2026
Holdings in common
- Overlap
- 44.9%
- Held by both
- 92
- Only in Bandhan Balanced Advantage
- 50
- Only in HDFC BSE 500 Index
- 408
| Security | % of Bandhan Balanced Advantage | % of HDFC BSE 500 Index |
|---|---|---|
| ICICI Bank Limited | 4.27% | 5.02% |
| Reliance Industries Limited | 3.91% | 4.16% |
| HDFC Bank Limited | 3.14% | 5.72% |
| Bharti Airtel Limited | 3.63% | 2.90% |
| Larsen & Toubro Limited | 2.16% | 2.32% |
| Axis Bank Limited | 1.93% | 1.86% |
| State Bank of India | 1.83% | 2.11% |
| Kotak Mahindra Bank Limited | 1.82% | 1.62% |
| Bajaj Finance Limited | 3.58% | 1.36% |
| Mahindra & Mahindra Limited | 1.25% | 1.39% |
| Infosys Limited | 1.18% | 1.86% |
| Titan Company Limited | 1.26% | 0.99% |
| Tata Consultancy Services Limited | 0.71% | 1.10% |
| Shriram Finance Limited | 0.70% | 0.72% |
| UltraTech Cement Limited | 1.96% | 0.68% |
| Sun Pharmaceutical Industries Limited | 0.68% | 1.04% |
| NTPC Limited | 0.67% | 0.81% |
| JSW Steel Limited | 0.83% | 0.63% |
| InterGlobe Aviation Limited | 1.15% | 0.59% |
| Divi's Laboratories Limited | 0.55% | 0.63% |
| Adani Enterprises Limited | 0.56% | 0.52% |
| Eternal Limited | 0.52% | 1.22% |
| Adani Ports and Special Economic Zone Limited | 0.48% | 0.74% |
| Tech Mahindra Limited | 0.45% | 0.52% |
| Bharat Electronics Limited | 0.39% | 0.74% |
| One 97 Communications Limited | 1.97% | 0.38% |
| Jio Financial Services Limited | 0.43% | 0.38% |
| Meesho Ltd | 0.37% | 0.47% |
| SBI Life Insurance Company Limited | 0.36% | 0.40% |
| Eicher Motors Limited | 0.35% | 0.52% |
| Tata Power Company Limited | 0.87% | 0.32% |
| Varun Beverages Limited | 0.95% | 0.31% |
| IndusInd Bank Limited | 0.79% | 0.31% |
| Britannia Industries Limited | 0.48% | 0.30% |
| Torrent Pharmaceuticals Limited | 0.38% | 0.30% |
| IDFC First Bank Limited | 0.74% | 0.29% |
| HDFC Life Insurance Company Limited | 0.65% | 0.29% |
| Aurobindo Pharma Limited | 0.52% | 0.24% |
| GAIL (India) Limited | 0.24% | 0.24% |
| FSN E-Commerce Ventures Limited | 0.40% | 0.23% |
| Ashok Leyland Limited | 0.25% | 0.23% |
| Wipro Limited | 0.45% | 0.22% |
| Marico Limited | 0.24% | 0.22% |
| Tata Steel Limited | 0.22% | 0.80% |
| United Spirits Limited | 0.70% | 0.21% |
| Fortis Healthcare Limited | 0.44% | 0.21% |
| LTM Limited | 0.49% | 0.20% |
| ICICI Lombard General Insurance Company Limited | 0.29% | 0.20% |
| The Phoenix Mills Limited | 0.58% | 0.19% |
| Radico Khaitan Limited | 1.05% | 0.18% |
| Glenmark Pharmaceuticals Limited | 0.52% | 0.18% |
| Punjab National Bank | 0.18% | 0.21% |
| Samvardhana Motherson International Limited | 0.18% | 0.38% |
| Adani Power Limited | 0.17% | 0.46% |
| National Aluminium Company Limited | 0.64% | 0.16% |
| UPL Limited | 0.49% | 0.16% |
| Mphasis Limited | 0.41% | 0.15% |
| Mankind Pharma Limited | 0.28% | 0.15% |
| CG Power and Industrial Solutions Limited | 0.14% | 0.31% |
| Indus Towers Limited | 0.14% | 0.26% |
| Bajaj Auto Limited | 0.14% | 0.61% |
| Piramal Finance Limited | 0.60% | 0.13% |
| Torrent Power Limited | 0.38% | 0.13% |
| Ambuja Cements Limited | 0.32% | 0.12% |
| Hero MotoCorp Limited | 0.12% | 0.35% |
| Power Grid Corporation of India Limited | 0.12% | 0.63% |
| PNB Housing Finance Limited | 0.55% | 0.11% |
| City Union Bank Limited | 0.50% | 0.11% |
| Godrej Properties Limited | 0.13% | 0.11% |
| Grasim Industries Limited | 0.11% | 0.61% |
| Cipla Limited | 0.11% | 0.40% |
| Polycab India Limited | 0.11% | 0.22% |
| Aster DM Quality Care Limited | 0.52% | 0.10% |
| Carborundum Universal Limited | 0.19% | 0.08% |
| Angel One Limited | 0.19% | 0.08% |
| Cholamandalam Financial Holdings Limited | 0.29% | 0.07% |
| Dalmia Bharat Limited | 0.28% | 0.07% |
| ICICI Prudential Life Insurance Company Limited | 0.07% | 0.09% |
| Bajaj Finserv Limited | 0.07% | 0.51% |
| Adani Energy Solutions Limited | 0.07% | 0.21% |
| Timken India Limited | 0.23% | 0.06% |
| Bajaj Housing Finance Limited | 0.26% | 0.05% |
| Inventurus Knowledge Solutions Limited | 0.08% | 0.05% |
| Brigade Enterprises Limited | 0.05% | 0.06% |
| Cohance Lifesciences Limited | 0.25% | 0.04% |
| KEC International Limited | 0.14% | 0.03% |
| Sapphire Foods India Limited | 0.07% | 0.03% |
| Maruti Suzuki India Limited | 0.03% | 0.81% |
| MedPlus Health Services Limited | 0.35% | 0.02% |
| SignatureGlobal (India) Limited | 0.30% | 0.02% |
| ITC Limited | 0.02% | 1.34% |
| Adani Green Energy Limited | 0.02% | 0.22% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 44.9% means 44.9% 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 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 HDFC BSE 500 Index Fund
| Security | % of fund |
|---|---|
| Hindustan Unilever Ltd. | 0.89% |
| Hindalco Industries Ltd. | 0.72% |
| HCL Technologies Ltd. | 0.69% |
| Asian Paints Limited | 0.57% |
| Coal India Ltd. | 0.54% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Balanced Advantage | HDFC BSE 500 Index |
|---|---|---|
| Equity | 69.7% | 99.8% |
| Debt | 28.5% | 0.0% |
| Cash and others | 1.8% | 0.2% |
Market cap of stocks
| Market cap | Bandhan Balanced Advantage | HDFC BSE 500 Index |
|---|---|---|
| Large Cap | 47.8% | 67.0% |
| Mid Cap | 13.0% | 21.5% |
| Small Cap | 8.3% | 11.3% |
| 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 | HDFC BSE 500 Index |
|---|---|---|
| Banks | 15.2% | 19.4% |
| Finance | 6.7% | 6.4% |
| Pharmaceuticals & Biotechnology | 3.5% | 5.8% |
| IT - Software | 3.7% | 5.8% |
| Petroleum Products | 3.9% | 5.0% |
| Automobiles | 1.9% | 4.9% |
| Telecom - Services | 3.8% | 3.6% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Balanced Advantage vs HDFC BSE 500 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Balanced Advantage Fund | HDFC BSE 500 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.07% | 0.35% |
| Base expense ratio (Direct) | 0.67% | 0.24% |
| Total expense ratio (Regular) | 2.32% | 0.84% |
| Base expense ratio (Regular) | 1.74% | 0.65% |
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 HDFC BSE 500 Index Fund: Frequently Asked Questions
What is the difference between Bandhan Balanced Advantage Fund and HDFC BSE 500 Index Fund?
Bandhan Balanced Advantage Fund is a Balanced Advantage fund, HDFC BSE 500 Index Fund is an Index fund, run by Bandhan Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 44.9%. Bandhan Balanced Advantage Fund charges 1.07% a year and HDFC BSE 500 Index Fund 0.35%.
Which has given higher returns, Bandhan Balanced Advantage Fund or HDFC BSE 500 Index Fund?
Over 1 year: Bandhan Balanced Advantage Fund +0.64%, HDFC BSE 500 Index Fund −7.96%. Over 3 years: Bandhan Balanced Advantage Fund +9.42% a year, HDFC BSE 500 Index Fund +9.29% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Balanced Advantage Fund or HDFC BSE 500 Index Fund?
HDFC BSE 500 Index Fund charges less: 0.35% a year against 1.07%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Balanced Advantage Fund and HDFC BSE 500 Index Fund overlap?
44.9%. They hold 92 of the same securities, the largest shared ones being ICICIBANK, RELIANCE, HDFCBANK. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Balanced Advantage Fund or HDFC BSE 500 Index Fund?
On SEBI's riskometer, Bandhan Balanced Advantage Fund is rated Very High and HDFC BSE 500 Index Fund Very High. Over 3 years, the standard deviation of daily returns was 7.46% and 14.08% a year.
Which is better for SIP, Bandhan Balanced Advantage Fund or HDFC BSE 500 Index Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,01,465 in Bandhan Balanced Advantage Fund (XIRR 5.2% a year) and ₹3,73,702 in HDFC BSE 500 Index Fund (XIRR 0.6% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Bandhan Balanced Advantage Fund and HDFC BSE 500 Index Fund?
Yes. 44.9% 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 HDFC BSE 500 Index Fund?
Bandhan Balanced Advantage Fund: Manish Gunwani, Brijesh Shah, Vishal Biraia, Ritika Behera, Gaurav Satra. HDFC BSE 500 Index Fund: Nandita Menezes, Arun Agarwal.
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.