Groww NIFTY 200 ETF vs NJ 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 NJ Balanced Advantage Fund is a Balanced Advantage fund. In the year to 30-10-2026, Groww NIFTY 200 ETF returned −8.2% and NJ Balanced Advantage Fund (Direct) returned −1.5%. Groww NIFTY 200 ETF charges 0.43% a year and NJ Balanced Advantage Fund 1.10%. Their portfolios overlap 41.2%: they hold 96 of the same securities.
NJ Balanced Advantage Fund
Balanced Advantage
- 1 year return
- −1.5%
- Expense ratio
- 1.10%
- NAV
- ₹14.13
Which is better, Groww NIFTY 200 ETF or NJ 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.
- NJ Balanced Advantage returned more over 1 year: −1.5% against −8.2%.
- Groww NIFTY 200 ETF costs less: 0.43% a year against 1.10%.
- NJ Balanced Advantage fell less in its worst fall since 27-02-2025: −9.1% against −14.8%.
- Groww NIFTY 200 ETF holds more in large companies: 79.6% of the fund in large caps against 56.7%.
- Their portfolios overlap 41.2%: 96 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 | NJ Balanced Advantage Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | NJ Mutual Fund |
| Category | ETF | Balanced Advantage |
| AUM | ₹16 Cr (30-09-2026) | Not available |
| NAV | ₹10.72 | ₹14.13 (Direct) |
| Expense ratio (Direct) | Not available | 1.10% |
| Expense ratio (Regular) | Not available | 2.39% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 200 TRI | NIFTY 50 Hybrid Composite Debt 50:50 Index |
| Launch date | 25-02-2025 | 29-10-2021 |
| Minimum investment | ₹500 | ₹500 |
| Lock in | None | None |
| Fund managers | Nikhil Satam, Aakash Chauhan, Shashi Kumar | Dhaval Patel, Viral Shah, Jaimin Ilavia |
| Exit load | Nil | Nil |
Groww NIFTY 200 ETF vs NJ 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% | -- | -- | -- |
| NJ Balanced Advantage Fund (Direct) | −0.49% | −3.81% | +0.57% | −1.53% | +7.67% | -- | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | -- | -- |
Category average: the average of the 38 Balanced Advantage funds, same plan type.
Groww NIFTY 200 ETF vs NJ Balanced Advantage: Year-wise Returns
| Year | Groww NIFTY 200 ETFGroww NIFTY 200 ETF | NJ Balanced AdvantageNJ Balanced Advantage |
|---|---|---|
| 2026to date | −8.79% | −2.08% |
| 2025 | -- | +2.78% |
| 2024 | -- | +11.52% |
| 2023 | -- | +24.53% |
| 2022 | -- | +1.10% |
Groww NIFTY 200 ETF vs NJ 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
NJ 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% |
| NJ Balanced Advantage | 33.9 | 60.0 | 6.1 | 0.0 | 0.0 | 0.0 | 0.0 | 1.2% | 0.8% | −3.6% | 7.8% | 52% |
| 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 NJ 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% |
| NJ Balanced AdvantageNJ Balanced Advantage Fund (Direct) | ₹2,10,000 | ₹2,10,701 | ₹701 | 0.4% |
Groww NIFTY 200 ETFGroww NIFTY 200 ETF
NJ Balanced AdvantageNJ 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 NJ 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 | NJ Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.21% | −1.53% |
| Standard deviation | 14.33% | 7.76% |
| Sharpe ratio | -0.94 | -0.87 |
| Sortino ratio | -1.24 | -1.14 |
| Maximum drawdown | −14.8% (31-03-2026) | −8.7% (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 | NJ Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.51% | +7.15% |
| Standard deviation | 13.84% | 8.02% |
| Sharpe ratio | -0.07 | 0.17 |
| Sortino ratio | -0.09 | 0.22 |
| Maximum drawdown | −14.8% (31-03-2026) | −14.8% (07-04-2025) |
| 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
NJ 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% |
| NJ Balanced Advantage Fund (Direct) | −9.1% | 19-09-2025 | 30-03-2026 | 30-07-2026 | 4 months | −4.7% |
| 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
NJ 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% |
| NJ Balanced Advantage Fund (Direct) | 51% | 43% | 8.55% |
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 NJ Balanced Advantage: Portfolio Overlap
From each fund's latest monthly portfolio: Groww NIFTY 200 ETF, September 2026; NJ Balanced Advantage Fund, September 2026
Holdings in common
- Overlap
- 41.2%
- Held by both
- 96
- Only in Groww NIFTY 200 ETF
- 104
- Only in NJ Balanced Advantage
- 45
| Security | % of Groww NIFTY 200 ETF | % of NJ Balanced Advantage |
|---|---|---|
| HDFC Bank Limited | 6.72% | 5.60% |
| Reliance Industries Limited | 4.91% | 4.63% |
| ICICI Bank Limited | 5.86% | 4.14% |
| Kotak Mahindra Bank Limited | 1.90% | 1.84% |
| Axis Bank Limited | 2.18% | 1.58% |
| ITC Limited | 1.57% | 2.36% |
| Bajaj Finance Limited | 1.62% | 1.52% |
| Sun Pharmaceutical Industries Limited | 1.19% | 2.64% |
| State Bank of India | 2.45% | 0.97% |
| Bharti Airtel Limited | 3.31% | 0.89% |
| Bajaj Auto Limited | 0.73% | 0.78% |
| Mahindra & Mahindra Limited | 1.63% | 0.70% |
| Infosys Limited | 2.17% | 0.70% |
| Eicher Motors Limited | 0.61% | 2.74% |
| Tech Mahindra Limited | 0.60% | 0.80% |
| Nestle India Limited | 0.58% | 1.84% |
| Hindustan Aeronautics Limited | 0.55% | 0.75% |
| HCL Technologies Limited | 0.80% | 0.54% |
| Oil & Natural Gas Corporation Limited | 0.54% | 1.92% |
| Cipla Limited | 0.47% | 2.45% |
| Dr. Reddy's Laboratories Limited | 0.46% | 2.17% |
| Tata Consultancy Services Limited | 1.29% | 0.44% |
| Torrent Pharmaceuticals Limited | 0.43% | 3.61% |
| Hero MotoCorp Limited | 0.42% | 1.61% |
| Hindalco Industries Limited | 0.84% | 0.37% |
| Asian Paints Limited | 0.67% | 0.36% |
| Titan Company Limited | 1.17% | 0.36% |
| Britannia Industries Limited | 0.35% | 2.47% |
| Jio Financial Services Limited | 0.44% | 0.34% |
| Adani Port & Special Economic Zone Ltd | 0.87% | 0.34% |
| IDFC First Bank Limited | 0.33% | 0.35% |
| The Tata Power Company Limited | 0.37% | 0.29% |
| HDFC Asset Management Company Limited | 0.29% | 1.44% |
| Pidilite Industries Limited | 0.28% | 1.76% |
| Marico Limited | 0.26% | 3.17% |
| Maruti Suzuki India Limited | 0.96% | 0.25% |
| Canara Bank | 0.25% | 0.48% |
| Bosch Limited | 0.24% | 3.55% |
| NTPC Limited | 0.95% | 0.24% |
| Yes Bank Ltd | 0.23% | 0.49% |
| Vodafone Idea Limited | 0.22% | 0.50% |
| ABB India Limited | 0.22% | 0.52% |
| Punjab National Bank | 0.24% | 0.21% |
| Divi's Laboratories Limited | 0.73% | 0.20% |
| Aditya Birla Capital Limited | 0.20% | 0.51% |
| HDFC Life Insurance Company Limited | 0.35% | 0.20% |
| UltraTech Cement Limited | 0.80% | 0.20% |
| Adani Enterprises Limited | 0.61% | 0.20% |
| Muthoot Finance Limited | 0.18% | 0.72% |
| Adani Power Limited | 0.53% | 0.18% |
| Tata Steel Limited | 0.95% | 0.18% |
| MphasiS Limited | 0.18% | 0.70% |
| Havells India Limited | 0.16% | 0.81% |
| Coal India Limited | 0.63% | 0.15% |
| Ambuja Cements Limited | 0.14% | 0.35% |
| Colgate Palmolive (India) Limited | 0.14% | 0.91% |
| Page Industries Limited | 0.14% | 1.55% |
| SBI Life Insurance Company Limited | 0.47% | 0.13% |
| KALYAN JEWELLERS INDIA LIMITED | 0.13% | 0.40% |
| Larsen & Toubro Limited | 2.72% | 0.12% |
| The Phoenix Mills Limited | 0.22% | 0.11% |
| Adani Energy Solutions Limited | 0.26% | 0.11% |
| Steel Authority of India Limited | 0.16% | 0.09% |
| Glenmark Pharmaceuticals Limited | 0.22% | 0.09% |
| Hindustan Unilever Limited | 1.03% | 0.09% |
| UPL Limited | 0.19% | 0.07% |
| LIC Housing Finance Limited | 0.10% | 0.07% |
| Bank of Baroda | 0.26% | 0.07% |
| Adani Green Energy Limited | 0.26% | 0.06% |
| TVS Motor Company Limited | 0.60% | 0.05% |
| IndusInd Bank Limited | 0.37% | 0.05% |
| Shriram Finance Limited | 0.85% | 0.05% |
| Solar Industries India Limited | 0.29% | 0.04% |
| Life Insurance Corporation Of India | 0.31% | 0.04% |
| Bank of India | 0.10% | 0.03% |
| Varun Beverages Limited | 0.37% | 0.03% |
| Indus Towers Limited | 0.30% | 0.03% |
| Wipro Limited | 0.27% | 0.02% |
| Vedanta Limited | 0.28% | 0.02% |
| GE Vernova T&D India Limited | 0.32% | 0.02% |
| Indian Oil Corporation Limited | 0.31% | 0.01% |
| Container Corporation of India Limited | 0.10% | 0.01% |
| One 97 Communications Limited | 0.45% | 0.01% |
| Tata Motors Passenger Vehicles Limited | 0.37% | 0.01% |
| Bharat Heavy Electricals Limited | 0.37% | 0.01% |
| Apollo Hospitals Enterprise Limited | 0.51% | 0.01% |
| GMR Airports Limited | 0.20% | 0.01% |
| The Indian Hotels Company Limited | 0.40% | 0.01% |
| Ashok Leyland Limited | 0.27% | 0.00% |
| InterGlobe Aviation Limited | 0.70% | 0.00% |
| Godrej Properties Limited | 0.14% | 0.00% |
| SBI Cards and Payment Services Limited | 0.11% | 0.00% |
| Hitachi Energy India Limited | 0.23% | 0.00% |
| Hindustan Petroleum Corporation Limited | 0.21% | 0.00% |
| Power Grid Corporation of India Limited | 0.73% | 0.00% |
| Dabur India Limited | 0.14% | 0.00% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 41.2% means 41.2% 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 Groww NIFTY 200 ETF
| Security | % of fund |
|---|---|
| Eternal Limited | 1.43% |
| Bharat Electronics Limited | 0.86% |
| BSE Ltd | 0.78% |
| JSW Steel Limited | 0.75% |
| Grasim Industries Limited | 0.71% |
Largest holdings only in NJ Balanced Advantage Fund
| Security | % of fund |
|---|---|
| Dr. Lal Path Labs Limited | 3.18% |
| Alkem Laboratories Limited | 2.22% |
| Ajanta Pharma Limited | 1.58% |
| The Great Eastern Shipping Company Limited | 0.90% |
| Emami Limited | 0.90% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww NIFTY 200 ETF | NJ Balanced Advantage |
|---|---|---|
| Equity | 99.9% | 90.4% |
| Debt | 0.0% | 4.5% |
| Cash and others | 0.1% | 5.1% |
Market cap of stocks
| Market cap | Groww NIFTY 200 ETF | NJ Balanced Advantage |
|---|---|---|
| Large Cap | 79.6% | 56.7% |
| Mid Cap | 19.9% | 22.2% |
| Small Cap | 0.3% | 10.7% |
| Not on AMFI's list | 0.0% | 0.8% |
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 | NJ Balanced Advantage |
|---|---|---|
| Banks | 22.2% | 15.9% |
| Pharmaceuticals & Biotechnology | 5.1% | 15.2% |
| IT - Software | 6.4% | 3.6% |
| Automobiles | 5.5% | 6.2% |
| Finance | 5.9% | 4.4% |
| Petroleum Products | 5.8% | 5.3% |
| Auto Components | 1.4% | 4.4% |
The six largest sectors of each fund's stocks, % of the fund.
Groww NIFTY 200 ETF vs NJ Balanced Advantage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww NIFTY 200 ETF | NJ Balanced Advantage Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.10% |
| Base expense ratio (Direct) | 0.35% | 0.57% |
| Total expense ratio (Regular) | Not available | 2.39% |
| Base expense ratio (Regular) | 0.00% | 1.66% |
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 NJ Balanced Advantage with
Groww NIFTY 200 ETF vs NJ Balanced Advantage Fund: Frequently Asked Questions
What is the difference between Groww NIFTY 200 ETF and NJ Balanced Advantage Fund?
Groww NIFTY 200 ETF is an ETF fund, NJ Balanced Advantage Fund is a Balanced Advantage fund, run by Groww Mutual Fund and NJ Mutual Fund. Their portfolios overlap 41.2%. Groww NIFTY 200 ETF charges 0.43% a year and NJ Balanced Advantage Fund 1.10%.
Which has given higher returns, Groww NIFTY 200 ETF or NJ Balanced Advantage Fund?
Over 1 year: Groww NIFTY 200 ETF −8.21%, NJ Balanced Advantage Fund −1.53%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Groww NIFTY 200 ETF or NJ Balanced Advantage Fund?
Groww NIFTY 200 ETF charges less: 0.43% a year against 1.10%. These are the total expense ratios reported to AMFI.
How much do Groww NIFTY 200 ETF and NJ Balanced Advantage Fund overlap?
41.2%. They hold 96 of the same securities, the largest shared ones being HDFCBANK, RELIANCE, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, Groww NIFTY 200 ETF or NJ Balanced Advantage Fund?
On SEBI's riskometer, Groww NIFTY 200 ETF is rated Very High and NJ Balanced Advantage Fund Very High. Over 1 years, the standard deviation of daily returns was 14.33% and 7.76% a year.
Can I invest in both Groww NIFTY 200 ETF and NJ Balanced Advantage Fund?
Yes. 41.2% 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 NJ Balanced Advantage Fund?
Groww NIFTY 200 ETF: Nikhil Satam, Aakash Chauhan, Shashi Kumar. NJ Balanced Advantage Fund: Dhaval Patel, Viral Shah, Jaimin Ilavia.
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.