DSP Nifty 500 Index Fund vs ICICI Prudential Balanced Advantage Fund

Direct Plan, Growth option · Data as on 30-10-2026

DSP Nifty 500 Index Fund is an Index fund and ICICI Prudential Balanced Advantage Fund is a Balanced Advantage fund. DSP Nifty 500 Index Fund charges 0.33% a year and ICICI Prudential Balanced Advantage Fund 1.03% (Direct plans). Their portfolios overlap 49.3%: they hold 97 of the same securities.

DSP Nifty 500 Index Fund

Index

Expense ratio: 0.33%
NAV: ₹9.15

See DSP Nifty 500 Index Fund

ICICI Prudential Balanced Advantage Fund

Balanced Advantage

Expense ratio: 1.03%
NAV: ₹85.81

See ICICI Prudential Balanced Advantage Fund

Which is better, DSP Nifty 500 Index or ICICI Prudential 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.

DSP Nifty 500 Index costs less: 0.33% a year against 1.03% (Direct plans).
ICICI Prudential Balanced Advantage fell less in its worst fall since 05-01-2026: −8.2% against −14.6%.
ICICI Prudential Balanced Advantage is the larger fund: ₹71,913 Cr against ₹17 Cr.
Their portfolios overlap 49.3%: 97 of the same holdings.

Past returns do not promise future returns. This page is information, not investment advice.

NAV comparison

How each fund's NAV moved over the same days, as % change since the first day of the range

DSP Nifty 500 Index Fund (Direct)
−8.5%
ICICI Prudential Balanced Advantage Fund (Direct)
−1.8%

Change in NAV from 05-01-2026 to 30-10-2026

−15%−10%−5%0%+5%

Key facts

From each fund's scheme summary document and AMFI

Fact	DSP Nifty 500 Index Fund	ICICI Prudential Balanced Advantage Fund
Fund house	DSP Mutual Fund	ICICI Prudential Mutual Fund
Category	Index	Balanced Advantage
AUM	₹17 Cr (30-09-2026)	₹71,913 Cr (30-09-2026)
NAV	₹9.15 (Direct)	₹85.81 (Direct)
Expense ratio (Direct)	0.33%	1.03%
Expense ratio (Regular)	1.06%	1.56%
Riskometer	Very High	Not available
Benchmark	Nifty 500 TRI	CRISIL Hybrid 50+50 - Moderate Index
Launch date	05-01-2026	30-12-2006
Minimum investment	₹100	₹500
Lock in	None	None
Fund managers	Anil Ghelani, Diipesh Shah, Neha Rathi	Rajat Chandak, Manish Banthia, Akhil Kakkar, Sri Sharma, Sharmila D'silva
Exit load	Nil	• NIL - If units purchased or switched in from another scheme of the Fund are redeemed or switched out upto 30% of the units (the limit) purchased or switched within 1 year from the date of allotment. • 1% of the applicable NAV - If units purchased or switched in from another scheme of the Fund are redeemed or switched out in excess of the limit within 1 year from the date of allotment. • NIL - If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 1 year from the date of allotment.

DSP Nifty 500 Index vs ICICI Prudential 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
DSP Nifty 500 Index Fund (Direct)	−0.79%	−6.11%	−2.97%	--	--	--	--
ICICI Prudential Balanced Advantage Fund (Direct)	+0.15%	−3.08%	+1.18%	+0.30%	+10.55%	+9.90%	+10.97%
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.

DSP Nifty 500 Index vs ICICI Prudential Balanced Advantage: Year-wise Returns

Year	DSP Nifty 500 IndexDSP Nifty 500 Index	ICICI Prudential Balanced AdvantageICICI Prudential Balanced Advantage
2026to date	--	−1.16%
2025	--	+12.87%
2024	--	+12.98%
2023	--	+17.24%
2022	--	+8.62%
2021	--	+15.86%

DSP Nifty 500 Index vs ICICI Prudential Balanced Advantage: Rolling Returns

Every holding period of both funds, against Nifty 500 TRI, the benchmark of DSP Nifty 500 Index Fund

DSP Nifty 500 Index vs ICICI Prudential Balanced Advantage: Risk and Drawdowns

How much each fund swings, and the worst fall over the same days

Risk and return

Measure	DSP Nifty 500 Index Fund (Direct)	ICICI Prudential Balanced Advantage Fund (Direct)
Return (CAGR)	−10.31%	+12.24%
Standard deviation	15.37%	8.87%
Sharpe ratio	-1.01	0.70
Sortino ratio	-1.34	0.95
Maximum drawdown	−14.6% (30-03-2026)	−27.0% (23-03-2020)
Beta	0.99	--
Alpha	−0.40%	--

From daily NAVs, 05-01-2026 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.

−15%−10%−5%0%

DSP Nifty 500 Index Fund (Direct)ICICI Prudential Balanced Advantage Fund (Direct)Nifty 500 TRI

Fund	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
DSP Nifty 500 Index Fund (Direct)	−14.6%	05-01-2026	30-03-2026	Not yet	--	−8.5%
ICICI Prudential Balanced Advantage Fund (Direct)	−8.2%	11-02-2026	30-03-2026	03-07-2026	3 months	−4.9%
Nifty 500 TRI	−14.6%	05-01-2026	30-03-2026	Not yet	--	−8.2%

From daily values since 05-01-2026, the first day every fund has.

DSP Nifty 500 Index vs ICICI Prudential Balanced Advantage: Portfolio Overlap

From each fund's latest monthly portfolio: DSP Nifty 500 Index Fund, September 2026; ICICI Prudential Balanced Advantage Fund, September 2026

Holdings in common

Overlap: 49.3%
Held by both: 97
Only in DSP Nifty 500 Index: 401
Only in ICICI Prudential Balanced Advantage: 111

Security	% of DSP Nifty 500 Index	% of ICICI Prudential Balanced Advantage
ICICI Bank Limited	4.92%	4.15%
HDFC Bank Limited	5.64%	3.41%
Reliance Industries Limited	4.12%	2.54%
State Bank of India	2.06%	1.97%
Bharti Airtel Limited	2.77%	1.91%
Larsen & Toubro Limited	2.28%	1.86%
Axis Bank Limited	1.83%	2.04%
Infosys Limited	1.82%	2.27%
Kotak Mahindra Bank Limited	1.59%	1.57%
Eternal Limited	1.20%	2.18%
Mahindra & Mahindra Limited	1.37%	1.08%
Bajaj Finance Limited	1.36%	0.99%
Titan Co Limited	0.98%	1.02%
Maruti Suzuki India Limited	0.81%	1.79%
NTPC Limited	0.80%	0.92%
Tata Steel Limited	0.79%	0.81%
Sun Pharmaceutical Industries Limited	1.00%	0.77%
Hindalco Industries Limited	0.71%	0.77%
Shriram Finance Limited	0.71%	0.73%
Ultratech Cement Limited	0.67%	0.68%
HCL Technologies Limited	0.67%	1.08%
Interglobe Aviation Limited	0.59%	1.48%
Bharat Electronics Limited	0.72%	0.53%
Bajaj Finserv Limited	0.52%	0.55%
Adani Ports and Special Economic Zone Limited	0.73%	0.50%
TVS Motor Co Limited	0.50%	6.31%
Tech Mahindra Limited	0.50%	0.54%
Hindustan Aeronautics Limited	0.46%	0.58%
Tata Motors Limited	0.46%	0.98%
Trent Limited	0.45%	1.28%
Apollo Hospitals Enterprise Limited	0.44%	0.79%
Multi Commodity Exchange Of India Limited	0.44%	0.53%
Tata Consultancy Services Limited	1.09%	0.43%
SBI Life Insurance Co Limited	0.40%	0.71%
Divi's Laboratories Limited	0.61%	0.39%
Embassy Office Parks REIT	0.39%	2.80%
Cipla Limited	0.39%	0.38%
Samvardhana Motherson International Limited	0.37%	0.81%
Cholamandalam Investment and Finance Co Limited	0.36%	0.71%
Torrent Pharmaceuticals Limited	0.37%	0.36%
Cummins India Limited	0.33%	0.46%
Vedanta Aluminium Metal Limited	0.36%	0.32%
Avenue Supermarts Limited	0.32%	1.58%
Bharat Petroleum Corporation Limited	0.32%	0.32%
Indian Hotels Co Limited	0.33%	0.30%
Eicher Motors Limited	0.51%	0.30%
CG Power and Industrial Solutions Limited	0.30%	0.48%
Britannia Industries Limited	0.30%	1.08%
HDFC Life Insurance Co Limited	0.29%	0.30%
Life Insurance Corporation Of India	0.26%	0.81%
IndusInd Bank Limited	0.31%	0.25%
Info Edge (India) Limited	0.25%	0.35%
Coforge Limited	0.32%	0.25%
HDFC Asset Management Co Limited	0.24%	0.78%
Pidilite Industries Limited	0.24%	0.40%
Hindustan Unilever Limited	0.87%	0.24%
Lenskart Solutions Limited	0.26%	0.23%
Indus Towers Limited	0.25%	0.23%
Brookfield India Real Estate Trust	0.23%	0.36%
FSN E-Commerce Ventures Limited	0.23%	0.26%
Polycab India Limited	0.22%	0.64%
Vedanta Limited	0.24%	0.20%
PB Fintech Limited	0.20%	0.57%
ICICI Lombard General Insurance Co Limited	0.20%	0.25%
Sona Blw Precision Forgings Limited	0.19%	0.60%
Phoenix Mills Limited	0.19%	0.48%
Dr. Reddy's Laboratories Limited	0.39%	0.17%
Hindustan Petroleum Corporation Limited	0.17%	0.29%
Apar Industries Limited	0.17%	0.19%
Muthoot Finance Limited	0.15%	0.22%
Jindal Steel Limited	0.22%	0.15%
Ge Vernova T&D India Limited	0.27%	0.14%
ITC Limited	1.31%	0.14%
360 One Wam Limited	0.14%	0.83%
ABB India Limited	0.18%	0.14%
Shree Cement Limited	0.16%	0.13%
Mankind Pharma Limited	0.15%	0.11%
PI Industries Limited	0.10%	0.48%
Angel One Limited	0.09%	0.24%
Neuland Laboratories Limited	0.09%	0.13%
Jubilant Foodworks Limited	0.09%	0.11%
Voltas Limited	0.13%	0.09%
NHPC Limited	0.14%	0.08%
Computer Age Management Services Limited	0.08%	0.12%
JSW Steel Limited	0.63%	0.08%
Asian Paints Limited	0.56%	0.08%
Max Financial Services Limited	0.19%	0.07%
Max Healthcare Institute Limited	0.36%	0.06%
Container Corporation Of India Limited	0.08%	0.06%
Mphasis Limited	0.15%	0.05%
Netweb Technologies India Limited	0.05%	0.35%
Atul Limited	0.05%	0.13%
Azad Engineering Limited	0.04%	0.14%
Motherson Sumi Wiring India Limited	0.04%	0.22%
PG Electroplast Limited	0.04%	0.25%
R R Kabel Limited	0.04%	0.51%
Canara HSBC Life Insurance Co Limited	0.03%	0.18%

Overlap: for each holding both funds own, the smaller of its two weights, added up. 49.3% means 49.3% 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 DSP Nifty 500 Index Fund

Security	% of fund
BSE Limited	0.66%
Bajaj Auto Limited	0.62%
Power Grid Corporation of India Limited	0.61%
Grasim Industries Limited	0.60%
Coal India Limited	0.53%

Largest holdings only in ICICI Prudential Balanced Advantage Fund

Security	% of fund
Government Securities	2.71%
Government Securities	1.09%
Cholamandalam Investment And Finance Company Ltd.	0.97%
Government Securities	0.81%
Government Securities	0.77%

Asset and sector split

Share of each fund, from its latest monthly portfolio

Asset allocation

Asset	DSP Nifty 500 Index	ICICI Prudential Balanced Advantage
Equity	99.1%	71.0%
Debt	0.0%	21.2%
Cash and others	0.9%	7.8%

Market cap of stocks

Market cap	DSP Nifty 500 Index	ICICI Prudential Balanced Advantage
Large Cap	66.8%	60.8%
Mid Cap	20.8%	6.8%
Small Cap	11.3%	3.1%
Not on AMFI's list	0.1%	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	DSP Nifty 500 Index	ICICI Prudential Balanced Advantage
Banks	19.2%	13.4%
Automobiles	4.9%	9.5%
Finance	6.4%	3.2%
Retailing	3.3%	5.9%
Pharmaceuticals & Biotechnology	5.7%	2.3%
IT - Software	5.6%	0.0%
Petroleum Products	5.0%	3.1%
It - Software	0.0%	4.6%

The six largest sectors of each fund's stocks, % of the fund.

DSP Nifty 500 Index vs ICICI Prudential Balanced Advantage: Expense Ratio

What each plan charges a year, from AMFI's expense ratio file

Charge	DSP Nifty 500 Index Fund	ICICI Prudential Balanced Advantage Fund
Total expense ratio (Direct)	0.33%	1.03%
Base expense ratio (Direct)	0.17%	0.71%
Total expense ratio (Regular)	1.06%	1.56%
Base expense ratio (Regular)	0.80%	1.15%

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

Compare ICICI Prudential Balanced Advantage with

DSP Nifty 500 Index Fund vs ICICI Prudential Balanced Advantage Fund: Frequently Asked Questions

What is the difference between DSP Nifty 500 Index Fund and ICICI Prudential Balanced Advantage Fund?

DSP Nifty 500 Index Fund is an Index fund, ICICI Prudential Balanced Advantage Fund is a Balanced Advantage fund, run by DSP Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 49.3%. DSP Nifty 500 Index Fund charges 0.33% a year and ICICI Prudential Balanced Advantage Fund 1.03%.

Which has the lower expense ratio, DSP Nifty 500 Index Fund or ICICI Prudential Balanced Advantage Fund?

DSP Nifty 500 Index Fund charges less: 0.33% a year against 1.03%. These are the Direct plans' total expense ratios reported to AMFI.

How much do DSP Nifty 500 Index Fund and ICICI Prudential Balanced Advantage Fund overlap?

49.3%. They hold 97 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.

Can I invest in both DSP Nifty 500 Index Fund and ICICI Prudential Balanced Advantage Fund?

Yes. 49.3% of each fund's money sits in the same holdings, so a large part of the two investments would move together.

Who manages DSP Nifty 500 Index Fund and ICICI Prudential Balanced Advantage Fund?

DSP Nifty 500 Index Fund: Anil Ghelani, Diipesh Shah, Neha Rathi. ICICI Prudential Balanced Advantage Fund: Rajat Chandak, Manish Banthia, Akhil Kakkar, Sri Sharma, Sharmila D'silva.

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.