Bandhan Nifty 100 Index Fund vs HDFC Balanced Advantage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Nifty 100 Index Fund is an Index fund and HDFC Balanced Advantage Fund is a Balanced Advantage fund. In the 3 years to 30-10-2026, Bandhan Nifty 100 Index Fund (Direct) returned 8.9% a year and HDFC Balanced Advantage Fund (Direct) returned 10.5% a year. Bandhan Nifty 100 Index Fund charges 0.18% a year and HDFC Balanced Advantage Fund 0.77% (Direct plans). Their portfolios overlap 49.2%: they hold 56 of the same securities.
Bandhan Nifty 100 Index Fund
Index
- 3 year return
- 8.9%
- Expense ratio
- 0.18%
- NAV
- ₹14.41
HDFC Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 10.5%
- Expense ratio
- 0.77%
- NAV
- ₹546.24
Which is better, Bandhan Nifty 100 Index or HDFC Balanced Advantage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HDFC Balanced Advantage returned more over 3 years: 10.5% a year against 8.9%.
- HDFC Balanced Advantage returned more over 1 year: −5.3% against −8.8%.
- Bandhan Nifty 100 Index costs less: 0.18% a year against 0.77% (Direct plans).
- HDFC Balanced Advantage swung less over 3 years: a standard deviation of 9.8% a year against 13.6%.
- HDFC Balanced Advantage fell less in its worst fall since 25-02-2022: −10.2% against −17.3%.
- Bandhan Nifty 100 Index holds more in large companies: 97.9% of the fund in large caps against 54.4%.
- HDFC Balanced Advantage is the larger fund: ₹1,02,534 Cr against ₹266 Cr.
- Their portfolios overlap 49.2%: 56 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 Nifty 100 Index Fund | HDFC Balanced Advantage Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | HDFC Mutual Fund |
| Category | Index | Balanced Advantage |
| AUM | ₹266 Cr (31-08-2026) | ₹1,02,534 Cr (30-09-2026) |
| NAV | ₹14.41 (Direct) | ₹546.24 (Direct) |
| Expense ratio (Direct) | 0.18% | 0.77% |
| Expense ratio (Regular) | 0.68% | 1.30% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 100 TRI | NIFTY 50 Hybrid Composite Debt 50:50 Index |
| Launch date | 24-02-2022 | 01-02-1994 |
| Minimum investment | ₹1,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Abhishek Jain | Gopal Agrawal, Ihab Dalwai, Nandita Menezes, – Mr. Arun Agarwal, Anil Bamboli |
| Exit load | Nil | Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 1 year. |
Bandhan Nifty 100 Index vs HDFC Balanced Advantage: 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 Nifty 100 Index Fund (Direct) | +1.03% | −5.35% | −3.06% | −8.85% | +8.87% | -- | -- |
| HDFC Balanced Advantage Fund (Direct) | −0.67% | −4.30% | −2.27% | −5.25% | +10.53% | +13.03% | +13.61% |
| 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 Nifty 100 Index vs HDFC Balanced Advantage: Year-wise Returns
| Year | Bandhan Nifty 100 IndexBandhan Nifty 100 Index | HDFC Balanced AdvantageHDFC Balanced Advantage |
|---|---|---|
| 2026to date | −9.46% | −5.77% |
| 2025 | +10.06% | +7.87% |
| 2024 | +12.69% | +17.44% |
| 2023 | +21.06% | +32.13% |
| 2022 | -- | +19.56% |
| 2021 | -- | +27.11% |
Bandhan Nifty 100 Index vs HDFC Balanced Advantage: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of Bandhan Nifty 100 Index Fund
Rolling returns
Every 3-year holding period, 418 of them, one for each trading day from 25-02-2025 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 Nifty 100 Index Fund (Direct)
HDFC Balanced Advantage Fund (Direct)
Nifty 100 TRI
to
Apr 2025Jul 2022
to
Jul 2025Nov 2022
to
Nov 2025Feb 2023
to
Feb 2026Jun 2023
to
Jun 2026Sept 2023
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bandhan Nifty 100 Index | 0.0 | 0.0 | 13.2 | 65.6 | 21.3 | 0.0 | 0.0 | 13.0% | 13.3% | 6.9% | 19.3% | 0% |
| HDFC Balanced Advantage | 0.0 | 0.0 | 1.2 | 22.3 | 49.8 | 26.7 | 0.0 | 17.8% | 18.6% | 9.7% | 24.7% | 100% |
| Nifty 100 TRI | 0.0 | 0.0 | 11.0 | 65.1 | 23.9 | 0.0 | 0.0 | 13.2% | 13.5% | 7.1% | 19.6% | -- |
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 100 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 25-02-2022. Past returns do not promise future returns.
Bandhan Nifty 100 Index vs HDFC Balanced Advantage: 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 25-02-2022 to 30-10-2026: 57 instalments, ₹5,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan Nifty 100 IndexBandhan Nifty 100 Index Fund (Direct) | ₹5,70,000 | ₹6,51,743 | ₹81,743 | 5.6% |
| HDFC Balanced AdvantageHDFC Balanced Advantage Fund (Direct) | ₹5,70,000 | ₹7,10,504 | ₹1,40,504 | 9.2% |
Bandhan Nifty 100 IndexBandhan Nifty 100 Index Fund (Direct)
HDFC Balanced AdvantageHDFC Balanced Advantage 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 Nifty 100 Index vs HDFC Balanced Advantage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan Nifty 100 Index Fund (Direct) | HDFC Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.85% | −5.25% |
| Standard deviation | 13.89% | 9.95% |
| Sharpe ratio | -1.02 | -1.05 |
| Sortino ratio | -1.35 | -1.39 |
| Maximum drawdown | −14.9% (30-03-2026) | −10.2% (30-03-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.17% | -- |
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 Nifty 100 Index Fund (Direct) | HDFC Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.87% | +10.53% |
| Standard deviation | 13.64% | 9.77% |
| Sharpe ratio | 0.21 | 0.46 |
| Sortino ratio | 0.29 | 0.61 |
| Maximum drawdown | −17.3% (28-02-2025) | −10.2% (30-03-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.21% | -- |
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 Nifty 100 Index Fund (Direct) | HDFC Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.81% | +13.51% |
| Standard deviation | 13.41% | 14.22% |
| Sharpe ratio | 0.21 | 0.52 |
| Sortino ratio | 0.29 | 0.71 |
| Maximum drawdown | −17.3% (28-02-2025) | −34.2% (23-03-2020) |
| Beta | 1.00 | -- |
| Alpha | −0.20% | -- |
From daily NAVs, 25-02-2022 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 Nifty 100 Index Fund (Direct)
HDFC Balanced Advantage Fund (Direct)
Nifty 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan Nifty 100 Index Fund (Direct) | −17.3% | 26-09-2024 | 28-02-2025 | Not yet | -- | −10.3% |
| HDFC Balanced Advantage Fund (Direct) | −10.2% | 02-01-2026 | 30-03-2026 | Not yet | -- | −6.5% |
| Nifty 100 TRI | −17.2% | 26-09-2024 | 28-02-2025 | 02-01-2026 | 10 months | −10.1% |
From daily values since 25-02-2022, 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 Nifty 100 Index Fund (Direct)
HDFC Balanced Advantage Fund (Direct)
Nifty 100 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 Nifty 100 Index Fund (Direct)
HDFC Balanced Advantage Fund (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bandhan Nifty 100 Index Fund (Direct) | 99% | 100% | 0.06% |
| HDFC Balanced Advantage Fund (Direct) | 86% | 49% | 5.97% |
From month-end values since 25-02-2022. 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 Nifty 100 Index vs HDFC Balanced Advantage: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Nifty 100 Index Fund, August 2026; HDFC Balanced Advantage Fund, September 2026
Holdings in common
- Overlap
- 49.2%
- Held by both
- 56
- Only in Bandhan Nifty 100 Index
- 44
- Only in HDFC Balanced Advantage
- 255
| Security | % of Bandhan Nifty 100 Index | % of HDFC Balanced Advantage |
|---|---|---|
| ICICI Bank Limited | 7.80% | 5.06% |
| HDFC Bank Limited | 8.13% | 4.32% |
| Reliance Industries Limited | 6.46% | 3.64% |
| State Bank of India | 3.28% | 3.28% |
| Bharti Airtel Limited | 4.12% | 3.05% |
| Axis Bank Limited | 2.80% | 2.65% |
| Larsen & Toubro Limited | 3.54% | 2.52% |
| Eternal Limited | 1.78% | 1.68% |
| Kotak Mahindra Bank Limited | 2.31% | 1.58% |
| Sun Pharmaceutical Industries Limited | 1.57% | 1.55% |
| Infosys Limited | 2.98% | 1.45% |
| Maruti Suzuki India Limited | 1.32% | 1.42% |
| NTPC Limited | 1.16% | 2.00% |
| ITC Limited | 1.84% | 1.10% |
| Tata Consultancy Services Limited | 1.83% | 1.08% |
| HCL Technologies Limited | 1.04% | 1.21% |
| InterGlobe Aviation Limited | 0.89% | 1.18% |
| Mahindra & Mahindra Limited | 2.19% | 0.82% |
| Divi's Laboratories Limited | 0.90% | 0.81% |
| Coal India Limited | 0.72% | 1.77% |
| Tata Steel Limited | 1.14% | 0.68% |
| SBI Life Insurance Company Limited | 0.59% | 0.88% |
| UltraTech Cement Limited | 1.01% | 0.56% |
| Bharat Petroleum Corporation Limited | 0.49% | 0.61% |
| Hindustan Aeronautics Limited | 0.68% | 0.45% |
| Cholamandalam Investment and Finance Company Ltd | 0.60% | 0.43% |
| Bajaj Auto Limited | 1.01% | 0.40% |
| Britannia Industries Limited | 0.46% | 0.38% |
| Power Finance Corporation Limited | 0.37% | 0.59% |
| GAIL (India) Limited | 0.36% | 0.82% |
| Bajaj Finserv Limited | 0.88% | 0.34% |
| Bank of Baroda | 0.33% | 0.67% |
| Jindal Steel Limited | 0.33% | 0.47% |
| Hindustan Unilever Limited | 1.31% | 0.31% |
| Bosch Limited | 0.33% | 0.30% |
| REC Limited | 0.30% | 0.50% |
| Oil & Natural Gas Corporation Limited | 0.67% | 0.29% |
| United Spirits Limited | 0.33% | 0.28% |
| Hyundai Motor India Ltd | 0.24% | 0.79% |
| Trent Limited | 0.72% | 0.20% |
| Ambuja Cements Limited | 0.19% | 0.30% |
| Tech Mahindra Limited | 0.77% | 0.18% |
| Tata Motors Ltd | 0.74% | 0.16% |
| Asian Paints Limited | 0.90% | 0.15% |
| Cipla Limited | 0.59% | 0.14% |
| CG Power and Industrial Solutions Limited | 0.47% | 0.14% |
| HDFC Life Insurance Company Limited | 0.44% | 0.14% |
| Shriram Finance Limited | 1.16% | 0.13% |
| DLF Limited | 0.33% | 0.13% |
| Dr. Reddy's Laboratories Limited | 0.53% | 0.12% |
| Jio Financial Services Limited | 0.59% | 0.11% |
| Tata Motors Passenger Vehicles Limited | 0.48% | 0.11% |
| Avenue Supermarts Limited | 0.47% | 0.11% |
| Adani Ports and Special Economic Zone Limited | 0.88% | 0.04% |
| Varun Beverages Limited | 0.41% | 0.02% |
| Union Bank of India | 0.27% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 49.2% means 49.2% 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 Nifty 100 Index Fund
| Security | % of fund |
|---|---|
| Bajaj Finance Limited | 2.12% |
| Titan Company Limited | 1.58% |
| Bharat Electronics Limited | 1.11% |
| Hindalco Industries Limited | 1.10% |
| Grasim Industries Limited | 0.95% |
Largest holdings only in HDFC Balanced Advantage Fund
| Security | % of fund |
|---|---|
| 7.18% GOI MAT 140833 | 2.04% |
| Life Insurance Corporation of India | 1.17% |
| Lupin Ltd. | 1.13% |
| Embassy Office Parks REIT | 0.83% |
| 7.34% GOI MAT 220464 | 0.74% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Nifty 100 Index | HDFC Balanced Advantage |
|---|---|---|
| Equity | 101.5% | 73.4% |
| Debt | 0.0% | 23.6% |
| Cash and others | -1.5% | 2.9% |
Market cap of stocks
| Market cap | Bandhan Nifty 100 Index | HDFC Balanced Advantage |
|---|---|---|
| Large Cap | 97.9% | 54.4% |
| Mid Cap | 3.6% | 9.4% |
| Small Cap | 0.0% | 9.4% |
| Not on AMFI's list | 0.0% | 0.2% |
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 Nifty 100 Index | HDFC Balanced Advantage |
|---|---|---|
| Banks | 25.5% | 18.8% |
| Petroleum Products | 7.3% | 5.2% |
| IT - Software | 7.3% | 4.5% |
| Finance | 6.9% | 3.0% |
| Automobiles | 6.8% | 3.5% |
| Pharmaceuticals & Biotechnology | 4.4% | 5.6% |
| Construction | 3.5% | 3.7% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Nifty 100 Index vs HDFC Balanced Advantage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Nifty 100 Index Fund | HDFC Balanced Advantage Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.18% | 0.77% |
| Base expense ratio (Direct) | 0.08% | 0.64% |
| Total expense ratio (Regular) | 0.68% | 1.30% |
| Base expense ratio (Regular) | 0.51% | 1.09% |
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 Nifty 100 Index Fund vs HDFC Balanced Advantage Fund: Frequently Asked Questions
What is the difference between Bandhan Nifty 100 Index Fund and HDFC Balanced Advantage Fund?
Bandhan Nifty 100 Index Fund is an Index fund, HDFC Balanced Advantage Fund is a Balanced Advantage fund, run by Bandhan Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 49.2%. Bandhan Nifty 100 Index Fund charges 0.18% a year and HDFC Balanced Advantage Fund 0.77%.
Which has given higher returns, Bandhan Nifty 100 Index Fund or HDFC Balanced Advantage Fund?
Over 1 year: Bandhan Nifty 100 Index Fund −8.85%, HDFC Balanced Advantage Fund −5.25%. Over 3 years: Bandhan Nifty 100 Index Fund +8.87% a year, HDFC Balanced Advantage Fund +10.53% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Nifty 100 Index Fund or HDFC Balanced Advantage Fund?
Bandhan Nifty 100 Index Fund charges less: 0.18% a year against 0.77%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Nifty 100 Index Fund and HDFC Balanced Advantage Fund overlap?
49.2%. They hold 56 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Nifty 100 Index Fund or HDFC Balanced Advantage Fund?
On SEBI's riskometer, Bandhan Nifty 100 Index Fund is rated Very High and HDFC Balanced Advantage Fund Very High. Over 3 years, the standard deviation of daily returns was 13.64% and 9.77% a year.
Which is better for SIP, Bandhan Nifty 100 Index Fund or HDFC Balanced Advantage Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,72,224 in Bandhan Nifty 100 Index Fund (XIRR 0.4% a year) and ₹3,83,751 in HDFC Balanced Advantage Fund (XIRR 2.3% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Bandhan Nifty 100 Index Fund and HDFC Balanced Advantage Fund?
Yes. 49.2% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Bandhan Nifty 100 Index Fund and HDFC Balanced Advantage Fund?
Bandhan Nifty 100 Index Fund: Abhishek Jain. HDFC Balanced Advantage Fund: Gopal Agrawal, Ihab Dalwai, Nandita Menezes, – Mr. Arun Agarwal, Anil Bamboli.
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.