Groww NIFTY 200 ETF vs HDFC Balanced Advantage Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Groww NIFTY 200 ETF is an ETF fund and HDFC Balanced Advantage Fund is a Balanced Advantage fund. In the year to 30-10-2026, Groww NIFTY 200 ETF returned −8.2% and HDFC Balanced Advantage Fund (Direct) returned −5.3%. Groww NIFTY 200 ETF charges 0.43% a year and HDFC Balanced Advantage Fund 0.77%. Their portfolios overlap 49.9%: they hold 87 of the same securities.
HDFC Balanced Advantage Fund
Balanced Advantage
- 1 year return
- −5.3%
- Expense ratio
- 0.77%
- NAV
- ₹546.24
Which is better, Groww NIFTY 200 ETF 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 1 year: −5.3% against −8.2%.
- Groww NIFTY 200 ETF costs less: 0.43% a year against 0.77%.
- HDFC Balanced Advantage fell less in its worst fall since 27-02-2025: −10.2% against −14.8%.
- Groww NIFTY 200 ETF holds more in large companies: 79.6% of the fund in large caps against 54.4%.
- HDFC Balanced Advantage is the larger fund: ₹1,02,534 Cr against ₹16 Cr.
- Their portfolios overlap 49.9%: 87 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 | Groww NIFTY 200 ETF | HDFC Balanced Advantage Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | HDFC Mutual Fund |
| Category | ETF | Balanced Advantage |
| AUM | ₹16 Cr (30-09-2026) | ₹1,02,534 Cr (30-09-2026) |
| NAV | ₹10.72 | ₹546.24 (Direct) |
| Expense ratio (Direct) | Not available | 0.77% |
| Expense ratio (Regular) | Not available | 1.30% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 200 TRI | NIFTY 50 Hybrid Composite Debt 50:50 Index |
| Launch date | 25-02-2025 | 01-02-1994 |
| Minimum investment | ₹500 | ₹100 |
| Lock in | None | None |
| Fund managers | Nikhil Satam, Aakash Chauhan, Shashi Kumar | 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. |
Groww NIFTY 200 ETF 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 |
|---|---|---|---|---|---|---|---|
| Groww NIFTY 200 ETF | +0.13% | −6.00% | −3.35% | −8.21% | -- | -- | -- |
| 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.
Groww NIFTY 200 ETF vs HDFC Balanced Advantage: Year-wise Returns
| Year | Groww NIFTY 200 ETFGroww NIFTY 200 ETF | HDFC Balanced AdvantageHDFC Balanced Advantage |
|---|---|---|
| 2026to date | −8.79% | −5.77% |
| 2025 | -- | +7.87% |
| 2024 | -- | +17.44% |
| 2023 | -- | +32.13% |
| 2022 | -- | +19.56% |
| 2021 | -- | +27.11% |
Groww NIFTY 200 ETF vs HDFC Balanced Advantage: Rolling Returns
Every holding period of both funds, against Nifty 200 TRI, the benchmark of Groww NIFTY 200 ETF
Rolling returns
Every 1-year holding period, 164 of them, one for each trading day from 27-02-2026 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.
Groww NIFTY 200 ETF
HDFC Balanced Advantage Fund (Direct)
Nifty 200 TRI
to
Mar 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 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 | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Groww NIFTY 200 ETF | 46.3 | 37.8 | 11.6 | 3.7 | 0.6 | 0.0 | 0.0 | 0.8% | 0.3% | −9.9% | 15.6% | 0% |
| HDFC Balanced Advantage | 33.5 | 53.0 | 11.0 | 2.4 | 0.0 | 0.0 | 0.0 | 1.6% | 1.2% | −6.0% | 12.4% | 61% |
| Nifty 200 TRI | 42.1 | 40.2 | 13.4 | 3.0 | 1.2 | 0.0 | 0.0 | 1.2% | 0.7% | −9.6% | 16.1% | -- |
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 200 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 27-02-2025. Past returns do not promise future returns.
Groww NIFTY 200 ETF 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 27-02-2025 to 30-10-2026: 21 instalments, ₹2,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Groww NIFTY 200 ETFGroww NIFTY 200 ETF | ₹2,10,000 | ₹2,04,546 | −₹5,454 | −2.9% |
| HDFC Balanced AdvantageHDFC Balanced Advantage Fund (Direct) | ₹2,10,000 | ₹2,07,025 | −₹2,975 | −1.6% |
Groww NIFTY 200 ETFGroww NIFTY 200 ETF
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.
Groww NIFTY 200 ETF vs HDFC Balanced Advantage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Groww NIFTY 200 ETF | HDFC Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.21% | −5.25% |
| Standard deviation | 14.33% | 9.95% |
| Sharpe ratio | -0.94 | -1.05 |
| Sortino ratio | -1.24 | -1.39 |
| Maximum drawdown | −14.8% (31-03-2026) | −10.2% (30-03-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.38% | -- |
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 | Groww NIFTY 200 ETF | HDFC Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.51% | +13.51% |
| Standard deviation | 13.84% | 14.22% |
| Sharpe ratio | -0.07 | 0.52 |
| Sortino ratio | -0.09 | 0.71 |
| Maximum drawdown | −14.8% (31-03-2026) | −34.2% (23-03-2020) |
| Beta | 1.00 | -- |
| Alpha | −0.43% | -- |
From daily NAVs, 27-02-2025 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.
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.
Groww NIFTY 200 ETF
HDFC Balanced Advantage Fund (Direct)
Nifty 200 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Groww NIFTY 200 ETF | −14.8% | 02-01-2026 | 31-03-2026 | Not yet | -- | −9.7% |
| HDFC Balanced Advantage Fund (Direct) | −10.2% | 02-01-2026 | 30-03-2026 | Not yet | -- | −6.5% |
| Nifty 200 TRI | −14.8% | 02-01-2026 | 30-03-2026 | Not yet | -- | −9.4% |
From daily values since 27-02-2025, 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.
Groww NIFTY 200 ETF
HDFC Balanced Advantage Fund (Direct)
Nifty 200 TRI
Against Nifty 200 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Groww NIFTY 200 ETF | 99% | 101% | 0.06% |
| HDFC Balanced Advantage Fund (Direct) | 72% | 71% | 5.32% |
From month-end values since 27-02-2025. 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.
Groww NIFTY 200 ETF vs HDFC Balanced Advantage: Portfolio Overlap
From each fund's latest monthly portfolio: Groww NIFTY 200 ETF, September 2026; HDFC Balanced Advantage Fund, September 2026
Holdings in common
- Overlap
- 49.9%
- Held by both
- 87
- Only in Groww NIFTY 200 ETF
- 113
- Only in HDFC Balanced Advantage
- 224
| Security | % of Groww NIFTY 200 ETF | % of HDFC Balanced Advantage |
|---|---|---|
| ICICI Bank Limited | 5.86% | 5.06% |
| HDFC Bank Limited | 6.72% | 4.32% |
| Reliance Industries Limited | 4.91% | 3.64% |
| Bharti Airtel Limited | 3.31% | 3.05% |
| Larsen & Toubro Limited | 2.72% | 2.52% |
| State Bank of India | 2.45% | 3.28% |
| Axis Bank Limited | 2.18% | 2.65% |
| Kotak Mahindra Bank Limited | 1.90% | 1.58% |
| Infosys Limited | 2.17% | 1.45% |
| Eternal Limited | 1.43% | 1.68% |
| Sun Pharmaceutical Industries Limited | 1.19% | 1.55% |
| ITC Limited | 1.57% | 1.10% |
| Tata Consultancy Services Limited | 1.29% | 1.08% |
| Maruti Suzuki India Limited | 0.96% | 1.42% |
| NTPC Limited | 0.95% | 2.00% |
| Mahindra & Mahindra Limited | 1.63% | 0.82% |
| HCL Technologies Limited | 0.80% | 1.21% |
| Divi's Laboratories Limited | 0.73% | 0.81% |
| InterGlobe Aviation Limited | 0.70% | 1.18% |
| Tata Steel Limited | 0.95% | 0.68% |
| Coal India Limited | 0.63% | 1.77% |
| UltraTech Cement Limited | 0.80% | 0.56% |
| SBI Life Insurance Company Limited | 0.47% | 0.88% |
| Hindustan Aeronautics Limited | 0.55% | 0.45% |
| Cholamandalam Invest & Finance Co Ltd | 0.43% | 0.43% |
| Bajaj Auto Limited | 0.73% | 0.40% |
| Bharat Petroleum Corporation Limited | 0.38% | 0.61% |
| IndusInd Bank Limited | 0.37% | 0.57% |
| AU Small Finance Bank Limited | 0.36% | 0.48% |
| Britannia Industries Limited | 0.35% | 0.38% |
| Bajaj Finserv Limited | 0.62% | 0.34% |
| Bharat Forge Limited | 0.33% | 0.35% |
| Life Insurance Corporation Of India | 0.31% | 1.17% |
| Hindustan Unilever Limited | 1.03% | 0.31% |
| Lupin Limited | 0.31% | 1.13% |
| Power Finance Corporation Limited | 0.29% | 0.59% |
| Oil & Natural Gas Corporation Limited | 0.54% | 0.29% |
| Aurobindo Pharma Limited | 0.29% | 0.44% |
| GAIL (India) Limited | 0.28% | 0.82% |
| Bank of Baroda | 0.26% | 0.67% |
| Jindal Steel Limited | 0.26% | 0.47% |
| United Spirits Limited | 0.25% | 0.28% |
| Bosch Limited | 0.24% | 0.30% |
| REC Limited | 0.23% | 0.50% |
| Hindustan Petroleum Corporation Limited | 0.21% | 0.60% |
| Trent Limited | 0.54% | 0.20% |
| Glenmark Pharmaceuticals Limited | 0.22% | 0.20% |
| APAR INDUSTRIES LTD | 0.20% | 0.64% |
| Tech Mahindra Limited | 0.60% | 0.18% |
| Hyundai Motor India Limited | 0.18% | 0.79% |
| MphasiS Limited | 0.18% | 0.27% |
| Vishal Mega Mart Limited | 0.18% | 0.37% |
| NHPC Limited | 0.17% | 0.21% |
| Billionbrains Garage Ventures Ltd. | 0.16% | 0.20% |
| Tata Motors Limited | 0.55% | 0.16% |
| Ashok Leyland Limited | 0.27% | 0.16% |
| Asian Paints Limited | 0.67% | 0.15% |
| Ambuja Cements Limited | 0.14% | 0.30% |
| Cipla Limited | 0.47% | 0.14% |
| CG Power And Industrial Solutions Ltd | 0.36% | 0.14% |
| HDFC Life Insurance Company Limited | 0.35% | 0.14% |
| Godrej Properties Limited | 0.14% | 0.20% |
| Shriram Finance Limited | 0.85% | 0.13% |
| DLF Limited | 0.27% | 0.13% |
| Dr. Reddy's Laboratories Limited | 0.46% | 0.12% |
| Jio Financial Services Limited | 0.44% | 0.11% |
| Avenue Supermarts Limited | 0.38% | 0.11% |
| Tata Motors Passenger Vehicles Limited | 0.37% | 0.11% |
| Info Edge (India) Limited | 0.29% | 0.11% |
| LG Electronics India Limited | 0.11% | 0.11% |
| SBI Cards and Payment Services Limited | 0.11% | 0.11% |
| SWIGGY LIMITED | 0.23% | 0.10% |
| JSW Energy Limited | 0.19% | 0.10% |
| Jubilant Foodworks Limited | 0.11% | 0.09% |
| Bharat Dynamics Limited | 0.06% | 0.23% |
| Vodafone Idea Limited | 0.22% | 0.06% |
| PERSISTENT SYSTEMS LTD | 0.35% | 0.05% |
| 360 ONE WAM LIMITED | 0.17% | 0.05% |
| Adani Port & Special Economic Zone Ltd | 0.87% | 0.04% |
| PB Fintech Limited | 0.23% | 0.04% |
| Voltas Limited | 0.15% | 0.04% |
| ICICI Prudential AMC Ltd | 0.11% | 0.04% |
| Colgate Palmolive (India) Limited | 0.14% | 0.03% |
| Varun Beverages Limited | 0.37% | 0.02% |
| L&T Finance Limited | 0.14% | 0.02% |
| Union Bank of India | 0.20% | 0.01% |
| UPL Limited | 0.19% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 49.9% means 49.9% 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 Groww NIFTY 200 ETF
| Security | % of fund |
|---|---|
| Bajaj Finance Limited | 1.62% |
| Titan Company Limited | 1.17% |
| Bharat Electronics Limited | 0.86% |
| Hindalco Industries Limited | 0.84% |
| BSE Ltd | 0.78% |
Largest holdings only in HDFC Balanced Advantage Fund
| Security | % of fund |
|---|---|
| 7.18% GOI MAT 140833 | 2.04% |
| Embassy Office Parks REIT | 0.83% |
| 7.34% GOI MAT 220464 | 0.74% |
| LIC Housing Finance Ltd. | 0.63% |
| JSW Infrastructure Limited | 0.59% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww NIFTY 200 ETF | HDFC Balanced Advantage |
|---|---|---|
| Equity | 99.9% | 73.4% |
| Debt | 0.0% | 23.6% |
| Cash and others | 0.1% | 2.9% |
Market cap of stocks
| Market cap | Groww NIFTY 200 ETF | HDFC Balanced Advantage |
|---|---|---|
| Large Cap | 79.6% | 54.4% |
| Mid Cap | 19.9% | 9.4% |
| Small Cap | 0.3% | 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 | Groww NIFTY 200 ETF | HDFC Balanced Advantage |
|---|---|---|
| Banks | 22.2% | 18.8% |
| IT - Software | 6.4% | 4.5% |
| Finance | 5.9% | 3.0% |
| Petroleum Products | 5.8% | 5.2% |
| Pharmaceuticals & Biotechnology | 5.1% | 5.6% |
| Automobiles | 5.5% | 3.5% |
| Construction | 2.8% | 3.7% |
The six largest sectors of each fund's stocks, % of the fund.
Groww NIFTY 200 ETF vs HDFC Balanced Advantage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww NIFTY 200 ETF | HDFC Balanced Advantage Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.77% |
| Base expense ratio (Direct) | 0.35% | 0.64% |
| Total expense ratio (Regular) | Not available | 1.30% |
| Base expense ratio (Regular) | 0.00% | 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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Groww NIFTY 200 ETF vs HDFC Balanced Advantage Fund: Frequently Asked Questions
What is the difference between Groww NIFTY 200 ETF and HDFC Balanced Advantage Fund?
Groww NIFTY 200 ETF is an ETF fund, HDFC Balanced Advantage Fund is a Balanced Advantage fund, run by Groww Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 49.9%. Groww NIFTY 200 ETF charges 0.43% a year and HDFC Balanced Advantage Fund 0.77%.
Which has given higher returns, Groww NIFTY 200 ETF or HDFC Balanced Advantage Fund?
Over 1 year: Groww NIFTY 200 ETF −8.21%, HDFC Balanced Advantage Fund −5.25%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Groww NIFTY 200 ETF or HDFC Balanced Advantage Fund?
Groww NIFTY 200 ETF charges less: 0.43% a year against 0.77%. These are the total expense ratios reported to AMFI.
How much do Groww NIFTY 200 ETF and HDFC Balanced Advantage Fund overlap?
49.9%. They hold 87 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Groww NIFTY 200 ETF or HDFC Balanced Advantage Fund?
On SEBI's riskometer, Groww NIFTY 200 ETF is rated Very High and HDFC Balanced Advantage Fund Very High. Over 1 years, the standard deviation of daily returns was 14.33% and 9.95% a year.
Can I invest in both Groww NIFTY 200 ETF and HDFC Balanced Advantage Fund?
Yes. 49.9% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Groww NIFTY 200 ETF and HDFC Balanced Advantage Fund?
Groww NIFTY 200 ETF: Nikhil Satam, Aakash Chauhan, Shashi Kumar. 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.