DSP Nifty 500 Index Fund vs SBI Balanced Advantage Fund
Direct Plan, Growth option · Data as on 30-10-2026
DSP Nifty 500 Index Fund is an Index fund and SBI Balanced Advantage Fund is a Balanced Advantage fund. DSP Nifty 500 Index Fund charges 0.33% a year and SBI Balanced Advantage Fund 0.86% (Direct plans). Their portfolios overlap 37.7%: they hold 75 of the same securities.
SBI Balanced Advantage Fund
Balanced Advantage
- Expense ratio
- 0.86%
- NAV
- ₹16.00
Which is better, DSP Nifty 500 Index or SBI 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 0.86% (Direct plans).
- SBI Balanced Advantage fell less in its worst fall since 05-01-2026: −7.2% against −14.6%.
- DSP Nifty 500 Index holds more in large companies: 66.8% of the fund in large caps against 49.6%.
- SBI Balanced Advantage is the larger fund: ₹40,545 Cr against ₹17 Cr.
- Their portfolios overlap 37.7%: 75 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 | DSP Nifty 500 Index Fund | SBI Balanced Advantage Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | SBI Mutual Fund |
| Category | Index | Balanced Advantage |
| AUM | ₹17 Cr (30-09-2026) | ₹40,545 Cr (30-09-2026) |
| NAV | ₹9.15 (Direct) | ₹16.00 (Direct) |
| Expense ratio (Direct) | 0.33% | 0.86% |
| Expense ratio (Regular) | 1.06% | 1.67% |
| Riskometer | Very High | High |
| Benchmark | Nifty 500 TRI | NIFTY 50 Hybrid Composite Debt 50:50 Index |
| Launch date | 05-01-2026 | 31-08-2021 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Anil Ghelani, Diipesh Shah, Neha Rathi | Dinesh Balachandran, Anup Upadhyay |
| Exit load | Nil | For units in excess of 10% of the investment,1% will be charged for redemption within 1 year. |
DSP Nifty 500 Index vs SBI 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% | -- | -- | -- | -- |
| SBI Balanced Advantage Fund (Direct) | −0.92% | −4.44% | −2.94% | −3.13% | +9.33% | +9.41% | -- |
| 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 SBI Balanced Advantage: Year-wise Returns
| Year | DSP Nifty 500 IndexDSP Nifty 500 Index | SBI Balanced AdvantageSBI Balanced Advantage |
|---|---|---|
| 2026to date | -- | −4.89% |
| 2025 | -- | +10.93% |
| 2024 | -- | +14.50% |
| 2023 | -- | +21.49% |
| 2022 | -- | +6.20% |
DSP Nifty 500 Index vs SBI 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 SBI 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) | SBI Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.31% | +9.45% |
| Standard deviation | 15.37% | 6.34% |
| Sharpe ratio | -1.01 | 0.59 |
| Sortino ratio | -1.34 | 0.81 |
| Maximum drawdown | −14.6% (30-03-2026) | −7.4% (30-03-2026) |
| 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.
DSP Nifty 500 Index Fund (Direct)
SBI 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% |
| SBI Balanced Advantage Fund (Direct) | −7.2% | 05-01-2026 | 30-03-2026 | 03-08-2026 | 4 months | −5.4% |
| 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 SBI Balanced Advantage: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Nifty 500 Index Fund, September 2026; SBI Balanced Advantage Fund, September 2026
Holdings in common
- Overlap
- 37.7%
- Held by both
- 75
- Only in DSP Nifty 500 Index
- 423
- Only in SBI Balanced Advantage
- 49
| Security | % of DSP Nifty 500 Index | % of SBI Balanced Advantage |
|---|---|---|
| Reliance Industries Limited | 4.12% | 4.24% |
| HDFC Bank Limited | 5.64% | 3.68% |
| ICICI Bank Limited | 4.92% | 3.58% |
| Larsen & Toubro Limited | 2.28% | 2.44% |
| Axis Bank Limited | 1.83% | 1.80% |
| Bharti Airtel Limited | 2.77% | 1.36% |
| ITC Limited | 1.31% | 1.28% |
| Mahindra & Mahindra Limited | 1.37% | 1.22% |
| Eternal Limited | 1.20% | 1.46% |
| Kotak Mahindra Bank Limited | 1.59% | 1.10% |
| Sun Pharmaceutical Industries Limited | 1.00% | 1.67% |
| Maruti Suzuki India Limited | 0.81% | 0.79% |
| Tata Steel Limited | 0.79% | 1.84% |
| State Bank of India | 2.06% | 0.74% |
| HCL Technologies Limited | 0.67% | 1.31% |
| Power Grid Corporation of India Limited | 0.61% | 1.02% |
| Asian Paints Limited | 0.56% | 0.76% |
| Tech Mahindra Limited | 0.50% | 2.06% |
| Bajaj Finserv Limited | 0.52% | 0.46% |
| Tata Motors Limited | 0.46% | 1.10% |
| Oil & Natural Gas Corporation Limited | 0.46% | 0.64% |
| Embassy Office Parks REIT | 0.39% | 0.89% |
| Cipla Limited | 0.39% | 0.71% |
| Titan Co Limited | 0.98% | 0.38% |
| Cholamandalam Investment and Finance Co Limited | 0.36% | 1.45% |
| Federal Bank Limited | 0.41% | 0.33% |
| Cummins India Limited | 0.33% | 0.56% |
| Tata Motors Passenger Vehicles Limited | 0.31% | 1.58% |
| Tata Power Co Limited | 0.31% | 0.35% |
| Grasim Industries Limited | 0.60% | 0.29% |
| Life Insurance Corporation Of India | 0.26% | 0.47% |
| Indian Oil Corporation Limited | 0.26% | 0.26% |
| Indus Towers Limited | 0.25% | 1.93% |
| Coal India Limited | 0.53% | 0.24% |
| GAIL (India) Limited | 0.24% | 2.54% |
| Brookfield India Real Estate Trust | 0.23% | 1.32% |
| Tata Consultancy Services Limited | 1.09% | 0.22% |
| Bank of Baroda | 0.22% | 1.23% |
| Wipro Limited | 0.22% | 0.33% |
| Hindalco Industries Limited | 0.71% | 0.21% |
| United Spirits Limited | 0.21% | 0.75% |
| Hindustan Unilever Limited | 0.87% | 0.20% |
| Punjab National Bank | 0.20% | 1.86% |
| ICICI Lombard General Insurance Co Limited | 0.20% | 0.21% |
| Swiggy Limited | 0.19% | 0.93% |
| Sona Blw Precision Forgings Limited | 0.19% | 0.79% |
| Alkem Laboratories Limited | 0.16% | 0.23% |
| UPL Limited | 0.16% | 0.37% |
| Vishal Mega Mart Limited | 0.15% | 0.41% |
| NHPC Limited | 0.14% | 1.04% |
| Delhivery Limited | 0.13% | 1.09% |
| Biocon Limited | 0.13% | 1.19% |
| IndusInd Bank Limited | 0.31% | 0.12% |
| Lupin Limited | 0.26% | 0.12% |
| Dabur India Limited | 0.12% | 0.55% |
| Torrent Power Limited | 0.12% | 1.26% |
| Petronet LNG Limited | 0.11% | 0.34% |
| Mahindra & Mahindra Financial Services Limited | 0.11% | 1.05% |
| Infosys Limited | 1.82% | 0.10% |
| Bandhan Bank Limited | 0.09% | 1.47% |
| ICICI Prudential Life Insurance Co Limited | 0.09% | 0.62% |
| Container Corporation Of India Limited | 0.08% | 0.16% |
| Carborundum Universal Limited | 0.08% | 0.49% |
| Star Health And Allied Insurance Co Limited | 0.07% | 1.28% |
| ICICI Prudential Asset Management Co Limited | 0.09% | 0.06% |
| ACC Limited | 0.04% | 0.10% |
| Cohance Lifesciences Limited | 0.04% | 0.33% |
| Syngene International Limited | 0.04% | 0.06% |
| CESC Limited | 0.04% | 1.22% |
| Shriram Finance Limited | 0.71% | 0.03% |
| SBI Life Insurance Co Limited | 0.40% | 0.03% |
| Tube Investments of India Limited | 0.13% | 0.02% |
| Crompton Greaves Consumer Electricals Limited | 0.07% | 0.02% |
| Brainbees Solutions Limited | 0.02% | 0.89% |
| HDFC Life Insurance Co Limited | 0.29% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 37.7% means 37.7% 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 |
|---|---|
| Bajaj Finance Limited | 1.36% |
| NTPC Limited | 0.80% |
| Adani Ports and Special Economic Zone Limited | 0.73% |
| Bharat Electronics Limited | 0.72% |
| Ultratech Cement Limited | 0.67% |
Largest holdings only in SBI Balanced Advantage Fund
| Security | % of fund |
|---|---|
| 364 DAY T-BILL 04.03.27 | 2.05% |
| Cholamandalam Investment & Finance Co. Ltd.Perpetual | 1.57% |
| Muthoot Finance Ltd. | 1.23% |
| Adani Power Ltd. | 1.11% |
| JSW JFE Kalinga Steel Ltd. | 1.03% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Nifty 500 Index | SBI Balanced Advantage |
|---|---|---|
| Equity | 99.1% | 67.4% |
| Debt | 0.0% | 23.2% |
| Cash and others | 0.9% | 9.4% |
Market cap of stocks
| Market cap | DSP Nifty 500 Index | SBI Balanced Advantage |
|---|---|---|
| Large Cap | 66.8% | 49.6% |
| Mid Cap | 20.8% | 10.5% |
| Small Cap | 11.3% | 7.3% |
| Not on AMFI's list | 0.1% | 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 | DSP Nifty 500 Index | SBI Balanced Advantage |
|---|---|---|
| Banks | 19.2% | 15.9% |
| Finance | 6.4% | 3.0% |
| Pharmaceuticals & Biotechnology | 5.7% | 4.3% |
| IT - Software | 5.6% | 4.0% |
| Petroleum Products | 5.0% | 4.5% |
| Power | 3.4% | 4.9% |
| Automobiles | 4.9% | 3.6% |
| Retailing | 3.3% | 3.8% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Nifty 500 Index vs SBI Balanced Advantage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Nifty 500 Index Fund | SBI Balanced Advantage Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.33% | 0.86% |
| Base expense ratio (Direct) | 0.17% | 0.60% |
| Total expense ratio (Regular) | 1.06% | 1.67% |
| Base expense ratio (Regular) | 0.80% | 1.29% |
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 SBI Balanced Advantage with
DSP Nifty 500 Index Fund vs SBI Balanced Advantage Fund: Frequently Asked Questions
What is the difference between DSP Nifty 500 Index Fund and SBI Balanced Advantage Fund?
DSP Nifty 500 Index Fund is an Index fund, SBI Balanced Advantage Fund is a Balanced Advantage fund, run by DSP Mutual Fund and SBI Mutual Fund. Their portfolios overlap 37.7%. DSP Nifty 500 Index Fund charges 0.33% a year and SBI Balanced Advantage Fund 0.86%.
Which has the lower expense ratio, DSP Nifty 500 Index Fund or SBI Balanced Advantage Fund?
DSP Nifty 500 Index Fund charges less: 0.33% a year against 0.86%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Nifty 500 Index Fund and SBI Balanced Advantage Fund overlap?
37.7%. They hold 75 of the same securities, the largest shared ones being RELIANCE, HDFCBANK, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, DSP Nifty 500 Index Fund or SBI Balanced Advantage Fund?
On SEBI's riskometer, DSP Nifty 500 Index Fund is rated Very High and SBI Balanced Advantage Fund High. Over their common history, the standard deviation of daily returns was 15.37% and 6.34% a year.
Can I invest in both DSP Nifty 500 Index Fund and SBI Balanced Advantage Fund?
Yes. 37.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages DSP Nifty 500 Index Fund and SBI Balanced Advantage Fund?
DSP Nifty 500 Index Fund: Anil Ghelani, Diipesh Shah, Neha Rathi. SBI Balanced Advantage Fund: Dinesh Balachandran, Anup Upadhyay.
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.