Bandhan Balanced Advantage Fund vs Kotak MSCI India 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 Kotak MSCI India ETF is an ETF fund. In the year to 30-10-2026, Bandhan Balanced Advantage Fund (Direct) returned 0.6% and Kotak MSCI India ETF returned −8.0%. Bandhan Balanced Advantage Fund charges 1.07% a year and Kotak MSCI India ETF 0.24%. Their portfolios overlap 46.8%: they hold 72 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 Kotak MSCI India 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 −8.0%.
- Kotak MSCI India ETF costs less: 0.24% a year against 1.07%.
- Bandhan Balanced Advantage fell less in its worst fall since 25-02-2025: −8.3% against −14.6%.
- Kotak MSCI India ETF holds more in large companies: 80.6% of the fund in large caps against 47.8%.
- Bandhan Balanced Advantage is the larger fund: ₹2,286 Cr against ₹1,749 Cr.
- Their portfolios overlap 46.8%: 72 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 MSCI India ETF |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Balanced Advantage | ETF |
| AUM | ₹2,286 Cr (31-08-2026) | ₹1,749 Cr (30-09-2026) |
| NAV | ₹28.91 (Direct) | ₹28.23 |
| 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 | MSCI India TRI |
| Launch date | 10-10-2014 | 19-02-2025 |
| Minimum investment | ₹1,000 | Ongoing purchases directly from the Mutual Fund would be restricted to Market Makers and Large Investors (subject to transactions greater than INR 25 crores or such other amount as may be specified by SEBI from time to time) provided the value of units to |
| Lock in | None | None |
| Fund managers | Manish Gunwani, Brijesh Shah, Vishal Biraia, Ritika Behera, Gaurav Satra | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar |
| Exit load | Exit load of 0.50%, if redeemed within 90 days. | NIL |
Bandhan Balanced Advantage vs Kotak MSCI India 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% |
| Kotak MSCI India ETF | +0.29% | −5.98% | −3.50% | −8.03% | -- | -- | -- |
| 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 Kotak MSCI India ETF: Year-wise Returns
| Year | Bandhan Balanced AdvantageBandhan Balanced Advantage | Kotak MSCI India ETFKotak MSCI India ETF |
|---|---|---|
| 2026to date | −0.37% | −8.95% |
| 2025 | +6.45% | -- |
| 2024 | +16.06% | -- |
| 2023 | +16.45% | -- |
| 2022 | −0.44% | -- |
| 2021 | +17.25% | -- |
Bandhan Balanced Advantage vs Kotak MSCI India ETF: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 168 of them, one for each trading day from 25-02-2026 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)
Kotak MSCI India ETF
to
Mar 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bandhan Balanced Advantage | 0.6 | 48.8 | 47.0 | 3.6 | 0.0 | 0.0 | 0.0 | 5.1% | 5.0% | −0.2% | 12.3% |
| Kotak MSCI India ETF | 46.4 | 36.7 | 11.4 | 3.6 | 1.8 | 0.0 | 0.0 | 0.9% | 0.2% | −9.8% | 15.8% |
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 25-02-2025. Past returns do not promise future returns.
Bandhan Balanced Advantage vs Kotak MSCI India 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% |
| Kotak MSCI India ETFKotak MSCI India ETF | ₹2,10,000 | ₹2,04,302 | −₹5,698 | −3.0% |
Bandhan Balanced AdvantageBandhan Balanced Advantage Fund (Direct)
Kotak MSCI India ETFKotak MSCI India 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 Kotak MSCI India 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) | Kotak MSCI India ETF |
|---|---|---|
| Return (CAGR) | +0.64% | −8.03% |
| Standard deviation | 8.27% | 14.22% |
| Sharpe ratio | -0.56 | -0.93 |
| Sortino ratio | -0.77 | -1.24 |
| Maximum drawdown | −8.3% (30-03-2026) | −14.6% (31-03-2026) |
| 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 MSCI India ETF |
|---|---|---|
| Return (CAGR) | +9.19% | +4.02% |
| Standard deviation | 8.51% | 13.78% |
| Sharpe ratio | 0.41 | -0.10 |
| Sortino ratio | 0.55 | -0.14 |
| Maximum drawdown | −25.9% (23-03-2020) | −14.6% (31-03-2026) |
| 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 MSCI India ETF
| 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% |
| Kotak MSCI India ETF | −14.6% | 02-01-2026 | 31-03-2026 | Not yet | -- | −10.1% |
From daily values since 25-02-2025, 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)
Kotak MSCI India ETF
Bandhan Balanced Advantage vs Kotak MSCI India ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Balanced Advantage Fund, August 2026; Kotak MSCI India ETF, September 2026
Holdings in common
- Overlap
- 46.8%
- Held by both
- 72
- Only in Bandhan Balanced Advantage
- 70
- Only in Kotak MSCI India ETF
- 93
| Security | % of Bandhan Balanced Advantage | % of Kotak MSCI India ETF |
|---|---|---|
| ICICI Bank Limited | 4.27% | 5.60% |
| Reliance Industries Limited | 3.91% | 5.44% |
| Bharti Airtel Limited | 3.63% | 3.93% |
| HDFC Bank Limited | 3.14% | 6.44% |
| Larsen & Toubro Limited | 2.16% | 2.02% |
| Axis Bank Limited | 1.93% | 2.25% |
| Bajaj Finance Limited | 3.58% | 1.91% |
| Kotak Mahindra Bank Limited | 1.82% | 1.82% |
| State Bank of India | 1.83% | 1.41% |
| Titan Company Limited | 1.26% | 1.30% |
| Mahindra & Mahindra Limited | 1.25% | 2.05% |
| Infosys Limited | 1.18% | 2.41% |
| UltraTech Cement Limited | 1.96% | 0.90% |
| InterGlobe Aviation Limited | 1.15% | 0.75% |
| Tata Consultancy Services Limited | 0.71% | 1.33% |
| Shriram Finance Limited | 0.70% | 1.11% |
| Sun Pharmaceutical Industries Limited | 0.68% | 1.30% |
| NTPC Limited | 0.67% | 1.12% |
| JSW Steel Limited | 0.83% | 0.61% |
| Adani Enterprises Limited | 0.56% | 0.60% |
| Divi's Laboratories Limited | 0.55% | 0.89% |
| Eternal Limited | 0.52% | 1.22% |
| One 97 Communications Limited | 1.97% | 0.51% |
| Adani Ports and Special Economic Zone Limited | 0.48% | 0.83% |
| Tech Mahindra Limited | 0.45% | 0.66% |
| Varun Beverages Limited | 0.95% | 0.44% |
| Tata Power Company Limited | 0.87% | 0.43% |
| Jio Financial Services Limited | 0.43% | 0.46% |
| Britannia Industries Limited | 0.48% | 0.42% |
| IndusInd Bank Limited | 0.79% | 0.41% |
| HDFC Life Insurance Company Limited | 0.65% | 0.41% |
| Bharat Electronics Limited | 0.39% | 1.08% |
| Torrent Pharmaceuticals Limited | 0.38% | 0.55% |
| SBI Life Insurance Company Limited | 0.36% | 0.61% |
| Aurobindo Pharma Limited | 0.52% | 0.35% |
| Eicher Motors Limited | 0.35% | 0.78% |
| United Spirits Limited | 0.70% | 0.31% |
| FSN E-Commerce Ventures Limited | 0.40% | 0.31% |
| Fortis Healthcare Limited | 0.44% | 0.30% |
| The Phoenix Mills Limited | 0.58% | 0.29% |
| Wipro Limited | 0.45% | 0.29% |
| ICICI Lombard General Insurance Company Limited | 0.29% | 0.31% |
| Vedanta Limited | 0.42% | 0.28% |
| IDFC First Bank Limited | 0.74% | 0.27% |
| Ashok Leyland Limited | 0.25% | 0.34% |
| GAIL (India) Limited | 0.24% | 0.31% |
| Marico Limited | 0.24% | 0.33% |
| National Aluminium Company Limited | 0.64% | 0.22% |
| UPL Limited | 0.49% | 0.22% |
| Tata Steel Limited | 0.22% | 1.10% |
| LTM Limited | 0.49% | 0.21% |
| Mankind Pharma Limited | 0.28% | 0.21% |
| Mphasis Limited | 0.41% | 0.20% |
| Torrent Power Limited | 0.38% | 0.18% |
| Ambuja Cements Limited | 0.32% | 0.18% |
| Punjab National Bank | 0.18% | 0.21% |
| Samvardhana Motherson International Limited | 0.18% | 0.55% |
| Adani Power Limited | 0.17% | 0.53% |
| CG Power and Industrial Solutions Limited | 0.14% | 0.43% |
| Indus Towers Limited | 0.14% | 0.37% |
| Bajaj Auto Limited | 0.14% | 0.58% |
| Godrej Properties Limited | 0.13% | 0.18% |
| Hero MotoCorp Limited | 0.12% | 0.50% |
| Power Grid Corporation of India Limited | 0.12% | 0.87% |
| Grasim Industries Limited | 0.11% | 0.66% |
| Cipla Limited | 0.11% | 0.54% |
| Polycab India Limited | 0.11% | 0.34% |
| ICICI Prudential Life Insurance Company Limited | 0.07% | 0.13% |
| Bajaj Finserv Limited | 0.07% | 0.53% |
| Adani Energy Solutions Limited | 0.07% | 0.22% |
| Maruti Suzuki India Limited | 0.03% | 1.13% |
| ITC Limited | 0.02% | 0.63% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 46.8% means 46.8% 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 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 Kotak MSCI India ETF
| Security | % of fund |
|---|---|
| Hindustan Unilever Ltd. | 1.06% |
| Hindalco Industries Ltd. | 0.97% |
| HCL Technologies Ltd. | 0.87% |
| TVS Motor Company Ltd. | 0.78% |
| Asian Paints(India) Ltd. | 0.74% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Balanced Advantage | Kotak MSCI India ETF |
|---|---|---|
| Equity | 69.7% | 100.0% |
| Debt | 28.5% | 0.0% |
| Cash and others | 1.8% | 0.0% |
Market cap of stocks
| Market cap | Bandhan Balanced Advantage | Kotak MSCI India ETF |
|---|---|---|
| Large Cap | 47.8% | 80.6% |
| Mid Cap | 13.0% | 19.4% |
| Small Cap | 8.3% | 0.0% |
| 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 | Kotak MSCI India ETF |
|---|---|---|
| Banks | 15.2% | 20.3% |
| Finance | 6.7% | 6.3% |
| IT - Software | 3.7% | 6.6% |
| Petroleum Products | 3.9% | 6.4% |
| Automobiles | 1.9% | 6.2% |
| Pharmaceuticals and Biotechnology | 0.0% | 5.6% |
| Telecom - Services | 3.8% | 4.7% |
| Pharmaceuticals & Biotechnology | 3.5% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Balanced Advantage vs Kotak MSCI India ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Balanced Advantage Fund | Kotak MSCI India ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.07% | Not available |
| Base expense ratio (Direct) | 0.67% | 0.00% |
| Total expense ratio (Regular) | 2.32% | Not available |
| Base expense ratio (Regular) | 1.74% | 0.17% |
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 Kotak MSCI India ETF: Frequently Asked Questions
What is the difference between Bandhan Balanced Advantage Fund and Kotak MSCI India ETF?
Bandhan Balanced Advantage Fund is a Balanced Advantage fund, Kotak MSCI India ETF is an ETF fund, run by Bandhan Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 46.8%. Bandhan Balanced Advantage Fund charges 1.07% a year and Kotak MSCI India ETF 0.24%.
Which has given higher returns, Bandhan Balanced Advantage Fund or Kotak MSCI India ETF?
Over 1 year: Bandhan Balanced Advantage Fund +0.64%, Kotak MSCI India ETF −8.03%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Balanced Advantage Fund or Kotak MSCI India ETF?
Kotak MSCI India ETF charges less: 0.24% a year against 1.07%. These are the total expense ratios reported to AMFI.
How much do Bandhan Balanced Advantage Fund and Kotak MSCI India ETF overlap?
46.8%. They hold 72 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 Kotak MSCI India ETF?
On SEBI's riskometer, Bandhan Balanced Advantage Fund is rated Very High and Kotak MSCI India ETF Very High. Over 1 years, the standard deviation of daily returns was 8.27% and 14.22% a year.
Can I invest in both Bandhan Balanced Advantage Fund and Kotak MSCI India ETF?
Yes. 46.8% 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 Kotak MSCI India ETF?
Bandhan Balanced Advantage Fund: Manish Gunwani, Brijesh Shah, Vishal Biraia, Ritika Behera, Gaurav Satra. Kotak MSCI India ETF: Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar.
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.