Bandhan Balanced Advantage Fund vs Kotak Conservative Hybrid Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Balanced Advantage Fund is a Balanced Advantage fund and Kotak Conservative Hybrid Fund is a Conservative Hybrid fund. In the 3 years to 30-10-2026, Bandhan Balanced Advantage Fund (Direct) returned 9.4% a year and Kotak Conservative Hybrid Fund (Direct) returned 8.3% a year. Bandhan Balanced Advantage Fund charges 1.07% a year and Kotak Conservative Hybrid Fund 0.60% (Direct plans). Their portfolios overlap 18.6%: they hold 34 of the same securities.
Bandhan Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 9.4%
- Expense ratio
- 1.07%
- NAV
- ₹28.91
Kotak Conservative Hybrid Fund
Conservative Hybrid
- 3 year return
- 8.3%
- Expense ratio
- 0.60%
- NAV
- ₹68.74
Which is better, Bandhan Balanced Advantage or Kotak Conservative Hybrid? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak Conservative Hybrid returned more over 5 years: 7.9% a year against 7.7%.
- Bandhan Balanced Advantage returned more over 3 years: 9.4% a year against 8.3%.
- Kotak Conservative Hybrid costs less: 0.60% a year against 1.07% (Direct plans).
- Kotak Conservative Hybrid swung less over 3 years: a standard deviation of 4.4% a year against 7.5%.
- Kotak Conservative Hybrid fell less in its worst fall since 13-10-2014: −11.8% against −25.9%.
- Bandhan Balanced Advantage holds more in large companies: 47.8% of the fund in large caps against 14.8%.
- Kotak Conservative Hybrid is the larger fund: ₹2,733 Cr against ₹2,286 Cr.
- Their portfolios overlap 18.6%: 34 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 | Kotak Conservative Hybrid Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Balanced Advantage | Conservative Hybrid |
| AUM | ₹2,286 Cr (31-08-2026) | ₹2,733 Cr (30-09-2026) |
| NAV | ₹28.91 (Direct) | ₹68.74 (Direct) |
| Expense ratio (Direct) | 1.07% | 0.60% |
| Expense ratio (Regular) | 2.32% | 1.77% |
| Riskometer | Very High | High |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | CRISIL Hybrid 85+15 - Conservative Index |
| Launch date | 10-10-2014 | 02-12-2003 |
| Minimum investment | ₹1,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Manish Gunwani, Brijesh Shah, Vishal Biraia, Ritika Behera, Gaurav Satra | Shibani Sircar Kurian, Abhishek Bisen |
| Exit load | Exit load of 0.50%, if redeemed within 90 days. | Exit load for units in excess of 8% of the investment,1% will be charged for redemption within 6 months. |
Bandhan Balanced Advantage vs Kotak Conservative Hybrid: 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% |
| Kotak Conservative Hybrid Fund (Direct) | −0.55% | −1.88% | +0.75% | +0.20% | +8.35% | +7.87% | +9.22% |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | +9.91% |
| Conservative Hybrid average | −0.46% | −1.48% | +0.87% | +1.02% | +7.61% | +7.13% | +7.52% |
Category average: the average of the 38 Balanced Advantage funds and the 18 Conservative Hybrid funds, same plan type.
Bandhan Balanced Advantage vs Kotak Conservative Hybrid: Year-wise Returns
| Year | Bandhan Balanced AdvantageBandhan Balanced Advantage | Kotak Conservative HybridKotak Conservative Hybrid |
|---|---|---|
| 2026to date | −0.37% | −0.70% |
| 2025 | +6.45% | +6.52% |
| 2024 | +16.06% | +12.80% |
| 2023 | +16.45% | +15.40% |
| 2022 | −0.44% | +5.71% |
| 2021 | +17.25% | +14.79% |
Bandhan Balanced Advantage vs Kotak Conservative Hybrid: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,236 of them, one for each trading day from 13-10-2017 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)
Kotak Conservative Hybrid Fund (Direct)
to
Jul 2018Jan 2017
to
Jan 2020Jul 2018
to
Jul 2021Feb 2020
to
Feb 2023Aug 2021
to
Aug 2024Feb 2023
to
Feb 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bandhan Balanced Advantage | 0.0 | 1.7 | 40.3 | 56.2 | 1.8 | 0.0 | 0.0 | 10.3% | 10.5% | −0.2% | 18.9% |
| Kotak Conservative Hybrid | 0.0 | 0.4 | 37.2 | 60.8 | 1.6 | 0.0 | 0.0 | 10.7% | 11.1% | 3.7% | 15.9% |
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. Every fund is measured over the days all of them have, from 13-10-2014. Past returns do not promise future returns.
Bandhan Balanced Advantage vs Kotak Conservative Hybrid: 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 13-10-2014 to 30-10-2026: 145 instalments, ₹14,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan Balanced AdvantageBandhan Balanced Advantage Fund (Direct) | ₹14,50,000 | ₹26,26,308 | ₹11,76,308 | 9.4% |
| Kotak Conservative HybridKotak Conservative Hybrid Fund (Direct) | ₹14,50,000 | ₹26,40,124 | ₹11,90,124 | 9.5% |
Bandhan Balanced AdvantageBandhan Balanced Advantage Fund (Direct)
Kotak Conservative HybridKotak Conservative Hybrid 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 Kotak Conservative Hybrid: 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) | Kotak Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.64% | +0.20% |
| Standard deviation | 8.27% | 4.19% |
| Sharpe ratio | -0.56 | -1.20 |
| Sortino ratio | -0.77 | -1.57 |
| Maximum drawdown | −8.3% (30-03-2026) | −4.0% (30-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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) | Kotak Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.42% | +8.35% |
| Standard deviation | 7.46% | 4.40% |
| Sharpe ratio | 0.46 | 0.53 |
| Sortino ratio | 0.62 | 0.72 |
| Maximum drawdown | −8.3% (30-03-2026) | −4.0% (30-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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) | Kotak Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.66% | +7.87% |
| Standard deviation | 7.54% | 4.23% |
| Sharpe ratio | 0.25 | 0.49 |
| Sortino ratio | 0.33 | 0.67 |
| Maximum drawdown | −11.7% (17-06-2022) | −4.4% (17-06-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 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) | Kotak Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.19% | +10.08% |
| Standard deviation | 8.51% | 4.74% |
| Sharpe ratio | 0.41 | 0.85 |
| Sortino ratio | 0.55 | 1.16 |
| Maximum drawdown | −25.9% (23-03-2020) | −11.8% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
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)
Kotak Conservative Hybrid Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan Balanced Advantage Fund (Direct) | −25.9% | 20-02-2020 | 23-03-2020 | 06-08-2020 | 4 months | −3.5% |
| Kotak Conservative Hybrid Fund (Direct) | −11.8% | 20-02-2020 | 23-03-2020 | 03-07-2020 | 3 months | −2.6% |
From daily values since 13-10-2014, 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)
Kotak Conservative Hybrid Fund (Direct)
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)
Kotak Conservative Hybrid Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Bandhan Balanced Advantage Fund (Direct)
Kotak Conservative Hybrid Fund (Direct)
Bandhan Balanced Advantage vs Kotak Conservative Hybrid: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Balanced Advantage Fund, August 2026; Kotak Conservative Hybrid Fund, September 2026
Holdings in common
- Overlap
- 18.6%
- Held by both
- 34
- Only in Bandhan Balanced Advantage
- 108
- Only in Kotak Conservative Hybrid
- 81
| Security | % of Bandhan Balanced Advantage | % of Kotak Conservative Hybrid |
|---|---|---|
| 7.44% National Bank For Agriculture and Rural Development | 1.96% | 3.62% |
| 6.9% GOI (MD 15/04/2065) | 1.59% | 6.80% |
| ICICI Bank Limited | 4.27% | 1.45% |
| State Bank of India | 1.83% | 1.24% |
| HDFC Bank Limited | 3.14% | 1.21% |
| Bharti Airtel Limited | 3.63% | 1.06% |
| HDFC Bank Limited | 1.07% | 0.90% |
| Reliance Industries Limited | 3.91% | 0.85% |
| Axis Bank Limited | 1.93% | 0.69% |
| NTPC Limited | 0.67% | 0.65% |
| 7.24% GOI (MD 18/08/2055) | 0.63% | 7.12% |
| Divi's Laboratories Limited | 0.55% | 0.64% |
| Britannia Industries Limited | 0.48% | 0.54% |
| InterGlobe Aviation Limited | 1.15% | 0.46% |
| Tech Mahindra Limited | 0.45% | 0.57% |
| Mphasis Limited | 0.41% | 0.40% |
| United Spirits Limited | 0.70% | 0.38% |
| Torrent Pharmaceuticals Limited | 0.38% | 0.48% |
| Sun Pharmaceutical Industries Limited | 0.68% | 0.37% |
| Radico Khaitan Limited | 1.05% | 0.35% |
| Aster DM Quality Care Limited | 0.52% | 0.34% |
| Fortis Healthcare Limited | 0.44% | 0.34% |
| Infosys Limited | 1.18% | 0.29% |
| UltraTech Cement Limited | 1.96% | 0.28% |
| One 97 Communications Limited | 1.97% | 0.25% |
| Ashok Leyland Limited | 0.25% | 0.28% |
| Tata Steel Limited | 0.22% | 0.46% |
| IndusInd Bank Limited | 0.79% | 0.18% |
| Indus Towers Limited | 0.14% | 0.48% |
| Hero MotoCorp Limited | 0.12% | 0.93% |
| 7.26% GOI (MD 06/02/2033) | 0.22% | 0.04% |
| Maruti Suzuki India Limited | 0.03% | 1.01% |
| ITC Limited | 0.02% | 0.21% |
| 8.01% REC Limited | 0.01% | 0.22% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 18.6% means 18.6% 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% |
| Bajaj Finance Limited | 3.58% |
| Larsen & Toubro Limited | 2.16% |
| 7.53% Bajaj Housing Finance Limited | 2.16% |
| Bank of Baroda | 2.15% |
Largest holdings only in Kotak Conservative Hybrid Fund
| Security | % of fund |
|---|---|
| JTPM METAL TRADERS PVT LTD ( CATALYST TRUSTEESHIP LIMITE) | 3.95% |
| Power Finance Corporation Ltd. | 3.62% |
| LIC HOUSING FINANCE LTD. | 2.72% |
| PTC SIDDHIVINAYAK SECURITISATION TRUST 28/09/2030(SIDDHIVINAYAK TRUST) | 2.62% |
| PTC SHIVSHAKTI SECURITISATION TRUST 28/09/2029(SHIVSHAKTI TRUST) | 2.62% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Balanced Advantage | Kotak Conservative Hybrid |
|---|---|---|
| Equity | 69.7% | 23.0% |
| Debt | 28.5% | 59.7% |
| Cash and others | 1.8% | 17.3% |
Market cap of stocks
| Market cap | Bandhan Balanced Advantage | Kotak Conservative Hybrid |
|---|---|---|
| Large Cap | 47.8% | 14.8% |
| Mid Cap | 13.0% | 6.6% |
| Small Cap | 8.3% | 0.9% |
| Not on AMFI's list | 0.5% | 0.6% |
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 | Kotak Conservative Hybrid |
|---|---|---|
| Banks | 15.2% | 6.0% |
| Finance | 6.7% | 0.9% |
| Petroleum Products | 3.9% | 0.8% |
| Telecom - Services | 3.8% | 1.5% |
| IT - Software | 3.7% | 1.3% |
| Pharmaceuticals & Biotechnology | 3.5% | 0.0% |
| Automobiles | 1.9% | 1.9% |
| Pharmaceuticals and Biotechnology | 0.0% | 1.5% |
| Healthcare Services | 1.1% | 1.2% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Balanced Advantage vs Kotak Conservative Hybrid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Balanced Advantage Fund | Kotak Conservative Hybrid Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.07% | 0.60% |
| Base expense ratio (Direct) | 0.67% | 0.49% |
| Total expense ratio (Regular) | 2.32% | 1.77% |
| Base expense ratio (Regular) | 1.74% | 1.48% |
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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Compare Kotak Conservative Hybrid with
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Bandhan Balanced Advantage Fund vs Kotak Conservative Hybrid Fund: Frequently Asked Questions
What is the difference between Bandhan Balanced Advantage Fund and Kotak Conservative Hybrid Fund?
Bandhan Balanced Advantage Fund is a Balanced Advantage fund, Kotak Conservative Hybrid Fund is a Conservative Hybrid fund, run by Bandhan Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 18.6%. Bandhan Balanced Advantage Fund charges 1.07% a year and Kotak Conservative Hybrid Fund 0.60%.
Which has given higher returns, Bandhan Balanced Advantage Fund or Kotak Conservative Hybrid Fund?
Over 1 year: Bandhan Balanced Advantage Fund +0.64%, Kotak Conservative Hybrid Fund +0.20%. Over 3 years: Bandhan Balanced Advantage Fund +9.42% a year, Kotak Conservative Hybrid Fund +8.35% a year. Over 5 years: Bandhan Balanced Advantage Fund +7.66% a year, Kotak Conservative Hybrid Fund +7.87% 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 Kotak Conservative Hybrid Fund?
Kotak Conservative Hybrid Fund charges less: 0.60% a year against 1.07%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Balanced Advantage Fund and Kotak Conservative Hybrid Fund overlap?
18.6%. They hold 34 of the same securities, the largest shared ones being 7.44% National Bank For Agriculture and Rural Development, 6.9% GOI (MD 15/04/2065), ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Balanced Advantage Fund or Kotak Conservative Hybrid Fund?
On SEBI's riskometer, Bandhan Balanced Advantage Fund is rated Very High and Kotak Conservative Hybrid Fund High. Over 3 years, the standard deviation of daily returns was 7.46% and 4.40% a year.
Which is better for SIP, Bandhan Balanced Advantage Fund or Kotak Conservative Hybrid Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,45,936 in Bandhan Balanced Advantage Fund (XIRR 7.9% a year) and ₹7,30,782 in Kotak Conservative Hybrid Fund (XIRR 7.1% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Bandhan Balanced Advantage Fund and Kotak Conservative Hybrid Fund?
Yes. 18.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Bandhan Balanced Advantage Fund and Kotak Conservative Hybrid Fund?
Bandhan Balanced Advantage Fund: Manish Gunwani, Brijesh Shah, Vishal Biraia, Ritika Behera, Gaurav Satra. Kotak Conservative Hybrid Fund: Shibani Sircar Kurian, Abhishek Bisen.
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.