DSP Nifty 500 Index Fund vs Kotak Balanced Advantage Fund

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

DSP Nifty 500 Index Fund is an Index fund and Kotak Balanced Advantage Fund is a Balanced Advantage fund. DSP Nifty 500 Index Fund charges 0.33% a year and Kotak Balanced Advantage Fund 0.82% (Direct plans). Their portfolios overlap 47.7%: they hold 120 of the same securities.

DSP Nifty 500 Index Fund

Index

Expense ratio: 0.33%
NAV: ₹9.15

See DSP Nifty 500 Index Fund

Kotak Balanced Advantage Fund

Balanced Advantage

Expense ratio: 0.82%
NAV: ₹22.45

See Kotak Balanced Advantage Fund

Which is better, DSP Nifty 500 Index or Kotak 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 0.82% (Direct plans).
Kotak Balanced Advantage fell less in its worst fall since 05-01-2026: −8.3% against −14.6%.
DSP Nifty 500 Index holds more in large companies: 66.8% of the fund in large caps against 51.1%.
Kotak Balanced Advantage is the larger fund: ₹16,618 Cr against ₹17 Cr.
Their portfolios overlap 47.7%: 120 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%
Kotak Balanced Advantage Fund (Direct)
−2.7%

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	Kotak Balanced Advantage Fund
Fund house	DSP Mutual Fund	Kotak Mahindra Mutual Fund
Category	Index	Balanced Advantage
AUM	₹17 Cr (30-09-2026)	₹16,618 Cr (30-09-2026)
NAV	₹9.15 (Direct)	₹22.45 (Direct)
Expense ratio (Direct)	0.33%	0.82%
Expense ratio (Regular)	1.06%	1.88%
Riskometer	Very High	Very High
Benchmark	Nifty 500 TRI	NIFTY 50 Hybrid composite debt 50:50 Index (Total Return
Launch date	05-01-2026	03-08-2018
Minimum investment	₹100	₹100
Lock in	None	None
Fund managers	Anil Ghelani, Diipesh Shah, Neha Rathi	Rohit Tandon, Hiten Shah, Abhishek Bisen
Exit load	Nil	Exit load for units in excess of 8% of the investment,1% will be charged for redemption within 180 days

DSP Nifty 500 Index vs Kotak 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%	--	--	--	--
Kotak Balanced Advantage Fund (Direct)	−0.31%	−3.11%	+0.22%	−1.56%	+9.18%	+8.44%	--
Balanced Advantage average	−0.55%	−2.88%	+0.08%	−2.08%	+9.14%	+8.35%	--

Category average: the average of the 38 Balanced Advantage funds, same plan type.

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

Year	DSP Nifty 500 IndexDSP Nifty 500 Index	Kotak Balanced AdvantageKotak Balanced Advantage
2026to date	--	−2.17%
2025	--	+7.13%
2024	--	+15.67%
2023	--	+17.42%
2022	--	+5.06%
2021	--	+14.43%

DSP Nifty 500 Index vs Kotak 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 Kotak 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)	Kotak Balanced Advantage Fund (Direct)
Return (CAGR)	−10.31%	+10.31%
Standard deviation	15.37%	9.51%
Sharpe ratio	-1.01	0.53
Sortino ratio	-1.34	0.70
Maximum drawdown	−14.6% (30-03-2026)	−26.3% (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)Kotak 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%
Kotak Balanced Advantage Fund (Direct)	−8.3%	11-02-2026	30-03-2026	02-07-2026	3 months	−4.4%
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 Kotak Balanced Advantage: Portfolio Overlap

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

Holdings in common

Overlap: 47.7%
Held by both: 120
Only in DSP Nifty 500 Index: 378
Only in Kotak Balanced Advantage: 70

Security	% of DSP Nifty 500 Index	% of Kotak Balanced Advantage
ICICI Bank Limited	4.92%	4.93%
Reliance Industries Limited	4.12%	3.36%
HDFC Bank Limited	5.64%	3.16%
Bharti Airtel Limited	2.77%	2.38%
State Bank of India	2.06%	3.64%
Larsen & Toubro Limited	2.28%	1.99%
Infosys Limited	1.82%	1.48%
Bajaj Finance Limited	1.36%	1.75%
Axis Bank Limited	1.83%	1.30%
Mahindra & Mahindra Limited	1.37%	1.29%
Kotak Mahindra Bank Limited	1.59%	1.25%
Eternal Limited	1.20%	1.35%
ITC Limited	1.31%	0.86%
Maruti Suzuki India Limited	0.81%	1.23%
Adani Ports and Special Economic Zone Limited	0.73%	1.40%
NTPC Limited	0.80%	0.70%
Ultratech Cement Limited	0.67%	1.55%
Tata Consultancy Services Limited	1.09%	0.64%
Sun Pharmaceutical Industries Limited	1.00%	0.64%
Hindustan Unilever Limited	0.87%	0.62%
Power Grid Corporation of India Limited	0.61%	0.70%
Interglobe Aviation Limited	0.59%	0.92%
Hindalco Industries Limited	0.71%	0.58%
Shriram Finance Limited	0.71%	0.53%
Adani Enterprises Limited	0.51%	1.02%
Tech Mahindra Limited	0.50%	0.81%
Bajaj Auto Limited	0.62%	0.48%
Titan Co Limited	0.98%	0.42%
Bharat Electronics Limited	0.72%	0.40%
Coal India Limited	0.53%	0.38%
Torrent Pharmaceuticals Limited	0.37%	0.52%
Vedanta Aluminium Metal Limited	0.36%	0.43%
Bharat Petroleum Corporation Limited	0.32%	0.65%
Oil & Natural Gas Corporation Limited	0.46%	0.31%
Bharat Heavy Electricals Limited	0.31%	0.46%
Persistent Systems Limited	0.30%	0.37%
HDFC Life Insurance Co Limited	0.29%	0.29%
Apollo Hospitals Enterprise Limited	0.44%	0.28%
Embassy Office Parks REIT	0.39%	0.27%
Ge Vernova T&D India Limited	0.27%	1.17%
Life Insurance Corporation Of India	0.26%	0.37%
Indus Towers Limited	0.25%	0.40%
Power Finance Corporation Limited	0.25%	0.46%
Solar Industries India Limited	0.25%	1.67%
Asian Paints Limited	0.56%	0.24%
Brookfield India Real Estate Trust	0.23%	1.16%
Cipla Limited	0.39%	0.22%
Wipro Limited	0.22%	0.27%
Jindal Steel Limited	0.22%	0.36%
Adani Energy Solutions Limited	0.22%	0.26%
United Spirits Limited	0.21%	0.53%
Bosch Limited	0.20%	0.58%
ICICI Lombard General Insurance Co Limited	0.20%	0.59%
SRF Limited	0.19%	0.28%
Tata Motors Passenger Vehicles Limited	0.31%	0.18%
Godrej Consumer Products Limited	0.18%	0.42%
PB Fintech Limited	0.20%	0.17%
DLF Limited	0.22%	0.15%
Hyundai Motor India Limited	0.15%	0.22%
Mphasis Limited	0.15%	0.99%
Piramal Finance Limited	0.14%	0.19%
KEI Industries Limited	0.14%	0.29%
Biocon Limited	0.13%	0.29%
Ambuja Cements Limited	0.12%	0.49%
Oberoi Realty Limited	0.11%	0.47%
Coromandel International Limited	0.11%	0.76%
Kalyan Jewellers India Limited	0.11%	0.12%
Godrej Properties Limited	0.11%	0.25%
Sai Life Sciences Limited	0.11%	0.20%
Page Industries Limited	0.11%	0.15%
Glenmark Pharmaceuticals Limited	0.18%	0.10%
Tata Communications Limited	0.10%	0.16%
Exide Industries Limited	0.10%	0.11%
Sansera Engineering Limited	0.10%	1.27%
Krishna Institute Of Medical Sciences Limited	0.10%	0.53%
Hindustan Aeronautics Limited	0.46%	0.09%
Jio Financial Services Limited	0.37%	0.09%
Ashok Leyland Limited	0.23%	0.09%
Astral Limited	0.09%	0.10%
Acutaas Chemicals Limited	0.09%	0.76%
Jubilant Foodworks Limited	0.09%	0.38%
Punjab National Bank	0.20%	0.08%
Phoenix Mills Limited	0.19%	0.08%
Carborundum Universal Limited	0.08%	0.42%
Amber Enterprises India Limited	0.08%	0.18%
Schaeffler India Limited	0.08%	0.72%
Tata Motors Limited	0.46%	0.07%
Cummins India Limited	0.33%	0.07%
Bank of Baroda	0.22%	0.07%
Alkem Laboratories Limited	0.16%	0.07%
Piramal Pharma Limited	0.07%	0.11%
Apollo Tyres Limited	0.07%	0.41%
Nuvama Wealth Management Limited	0.07%	0.14%
HDB Financial Services Limited	0.07%	0.16%
TVS Motor Co Limited	0.50%	0.05%
Swiggy Limited	0.19%	0.05%
Hindustan Zinc Limited	0.14%	0.05%
Linde India Limited	0.07%	0.05%
NTPC Green Energy Limited	0.05%	0.14%
Pine Labs Limited	0.05%	0.22%
Kajaria Ceramics Limited	0.05%	0.26%
Deepak Nitrite Limited	0.05%	0.12%
Jyoti CNC Automation Limited	0.05%	0.29%
Eicher Motors Limited	0.51%	0.04%
Voltas Limited	0.13%	0.04%
ZF Commercial Vehicle Control Systems India Limited	0.05%	0.04%
Aptus Value Housing Finance India Limited	0.04%	0.33%
Varun Beverages Limited	0.31%	0.03%
Jubilant Ingrevia Limited	0.03%	0.07%
Techno Electric & Engineering Co Limited	0.03%	0.10%
Rainbow Childrens Medicare Limited	0.03%	0.17%
JSW Steel Limited	0.63%	0.02%
Mankind Pharma Limited	0.15%	0.02%
Tata Steel Limited	0.79%	0.01%
Bajaj Finserv Limited	0.52%	0.01%
Nestle India Limited	0.49%	0.01%
SBI Life Insurance Co Limited	0.40%	0.01%
Tata Consumer Products Limited	0.32%	0.01%
Steel Authority of India Limited	0.14%	0.01%
PNB Housing Finance Limited	0.11%	0.01%

Overlap: for each holding both funds own, the smaller of its two weights, added up. 47.7% means 47.7% 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
HCL Technologies Limited	0.67%
BSE Limited	0.66%
Divi's Laboratories Limited	0.61%
Grasim Industries Limited	0.60%
Trent Limited	0.45%

Largest holdings only in Kotak Balanced Advantage Fund

Security	% of fund
Central Government - 2064	5.67%
Power Finance Corporation Ltd.	1.49%
JTPM METAL TRADERS PVT LTD ( CATALYST TRUSTEESHIP LIMITE)	1.30%
National Housing Bank	1.15%
KNOWLEDGE REALTY TRUST	0.92%

Asset and sector split

Share of each fund, from its latest monthly portfolio

Asset allocation

Asset	DSP Nifty 500 Index	Kotak Balanced Advantage
Equity	99.1%	70.2%
Debt	0.0%	20.3%
Cash and others	0.9%	9.5%

Market cap of stocks

Market cap	DSP Nifty 500 Index	Kotak Balanced Advantage
Large Cap	66.8%	51.1%
Mid Cap	20.8%	9.0%
Small Cap	11.3%	9.6%
Not on AMFI's list	0.1%	0.5%

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	Kotak Balanced Advantage
Banks	19.2%	14.6%
Finance	6.4%	3.5%
Pharmaceuticals & Biotechnology	5.7%	0.0%
IT - Software	5.6%	4.3%
Petroleum Products	5.0%	4.0%
Automobiles	4.9%	3.5%
Auto Components	2.5%	3.1%

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

DSP Nifty 500 Index vs Kotak Balanced Advantage: Expense Ratio

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

Charge	DSP Nifty 500 Index Fund	Kotak Balanced Advantage Fund
Total expense ratio (Direct)	0.33%	0.82%
Base expense ratio (Direct)	0.17%	0.54%
Total expense ratio (Regular)	1.06%	1.88%
Base expense ratio (Regular)	0.80%	1.44%

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 Kotak Balanced Advantage with

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

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

DSP Nifty 500 Index Fund is an Index fund, Kotak Balanced Advantage Fund is a Balanced Advantage fund, run by DSP Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 47.7%. DSP Nifty 500 Index Fund charges 0.33% a year and Kotak Balanced Advantage Fund 0.82%.

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

DSP Nifty 500 Index Fund charges less: 0.33% a year against 0.82%. These are the Direct plans' total expense ratios reported to AMFI.

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

47.7%. They hold 120 of the same securities, the largest shared ones being ICICIBANK, RELIANCE, HDFCBANK. From each fund's latest monthly portfolio.

Which is riskier, DSP Nifty 500 Index Fund or Kotak Balanced Advantage Fund?

On SEBI's riskometer, DSP Nifty 500 Index Fund is rated Very High and Kotak Balanced Advantage Fund Very High. Over their common history, the standard deviation of daily returns was 15.37% and 9.51% a year.

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

Yes. 47.7% 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 Kotak Balanced Advantage Fund?

DSP Nifty 500 Index Fund: Anil Ghelani, Diipesh Shah, Neha Rathi. Kotak Balanced Advantage Fund: Rohit Tandon, Hiten Shah, 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.