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    HDFC Balanced Advantage Fund vs ICICI Prudential BSE 500 ETF

    Direct Plan where a fund has one, Growth option · Data as on 30-10-2026

    HDFC Balanced Advantage Fund is a Balanced Advantage fund and ICICI Prudential BSE 500 ETF is an ETF fund. In the 3 years to 30-10-2026, HDFC Balanced Advantage Fund (Direct) returned 10.5% a year and ICICI Prudential BSE 500 ETF returned 9.5% a year. HDFC Balanced Advantage Fund charges 0.77% a year and ICICI Prudential BSE 500 ETF 0.33%. Their portfolios overlap 48.6%: they hold 131 of the same securities.

    HDFC Balanced Advantage Fund

    Balanced Advantage

    3 year return
    10.5%
    Expense ratio
    0.77%
    NAV
    ₹546.24
    See HDFC Balanced Advantage Fund

    ICICI Prudential BSE 500 ETF

    ETF

    3 year return
    9.5%
    Expense ratio
    0.33%
    NAV
    ₹37.06
    See ICICI Prudential BSE 500 ETF

    Which is better, HDFC Balanced Advantage or ICICI Prudential BSE 500 ETF? 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 5 years: 13.0% a year against 8.3%.
    • HDFC Balanced Advantage returned more over 3 years: 10.5% a year against 9.5%.
    • ICICI Prudential BSE 500 ETF costs less: 0.33% a year against 0.77%.
    • HDFC Balanced Advantage swung less over 3 years: a standard deviation of 9.8% a year against 14.2%.
    • HDFC Balanced Advantage fell less in its worst fall since 11-05-2018: −34.2% against −38.0%.
    • ICICI Prudential BSE 500 ETF holds more in large companies: 67.1% of the fund in large caps against 54.4%.
    • HDFC Balanced Advantage is the larger fund: ₹1,02,534 Cr against ₹347 Cr.
    • Their portfolios overlap 48.6%: 131 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

    FactHDFC Balanced Advantage FundICICI Prudential BSE 500 ETF
    Fund houseHDFC Mutual FundICICI Prudential Mutual Fund
    CategoryBalanced AdvantageETF
    AUM₹1,02,534 Cr (30-09-2026)₹347 Cr (30-09-2026)
    NAV₹546.24 (Direct)₹37.06
    Expense ratio (Direct)0.77%Not available
    Expense ratio (Regular)1.30%Not available
    RiskometerVery HighNot available
    BenchmarkNIFTY 50 Hybrid Composite Debt 50:50 IndexBSE 500 TRI
    Launch date01-02-199409-05-2018
    Minimum investment₹100During Ongoing/Continuous Offer: On Stock Exchanges: Investors can buy/sell units of the Scheme in round lot of 1 unit and in multiples thereof. Directly with the Mutual Fund: Investors can buy or sell units of the scheme in creation unit size and its mul
    Lock inNoneNone
    Fund managersGopal Agrawal, Ihab Dalwai, Nandita Menezes, – Mr. Arun Agarwal, Anil BamboliNishit Patel, Ajaykumar Solanki, Ashwini Shinde
    Exit loadExit Load for units in excess of 15% of the investment,1% will be charged for redemption within 1 year.There will be no exit load for units sold through the secondary market on the stock exchanges where the Scheme will be listed. Currently, the Scheme is proposed to be listed on BSE and NSE. Investors shall note that the brokerage on sales of the units of the scheme on the stock exchanges shall be borne by the investors.

    HDFC Balanced Advantage vs ICICI Prudential BSE 500 ETF: Returns Comparison

    Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

    Fund1M3M6M1Y3Y5Y10Y
    HDFC Balanced Advantage Fund (Direct)−0.67%−4.30%−2.27%−5.25%+10.53%+13.03%+13.61%
    ICICI Prudential BSE 500 ETF−0.90%−6.15%−3.10%−7.94%+9.53%+8.30%--
    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.

    HDFC Balanced Advantage vs ICICI Prudential BSE 500 ETF: Year-wise Returns

    YearHDFC Balanced AdvantageHDFC Balanced AdvantageICICI Prudential BSE 500 ETFICICI Prudential BSE 500 ETF
    2026to date−5.77%−8.04%
    2025+7.87%+7.27%
    2024+17.44%+15.40%
    2023+32.13%+26.14%
    2022+19.56%+4.44%
    2021+27.11%+31.29%

    HDFC Balanced Advantage vs ICICI Prudential BSE 500 ETF: Rolling Returns

    Every holding period of both funds, against BSE 500 TRI, the benchmark of ICICI Prudential BSE 500 ETF

    Rolling returns

    Every 3-year holding period, 1,349 of them, one for each trading day from 11-05-2021 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.

    0%10%20%30%40%
    Oct 2018
    to
    Oct 2021    Sept 2019
    to
    Sept 2022    Aug 2020
    to
    Aug 2023    Aug 2021
    to
    Aug 2024    Jul 2022
    to
    Jul 2025    May 2023
    to
    May 2026
    HDFC Balanced Advantage Fund (Direct)ICICI Prudential BSE 500 ETFBSE 500 TRI

    How the periods spread

    FundBelow 0%0-5%5-10%10-15%15-20%20-25%Above 25%MeanMedianLowestHighestBeat benchmark
    HDFC Balanced Advantage0.00.00.422.733.222.920.819.8%19.0%9.7%33.8%70%
    ICICI Prudential BSE 500 ETF0.00.02.227.048.417.15.317.5%17.1%8.1%33.4%0%
    BSE 500 TRI0.00.01.822.648.720.46.517.9%17.5%8.4%33.9%--

    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 BSE 500 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 11-05-2018. Past returns do not promise future returns.

    HDFC Balanced Advantage vs ICICI Prudential BSE 500 ETF: 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

    Step up each year
    PeriodFor

    ₹10,000 on the first trading day of every month, from 02-05-2018 to 30-10-2026: 102 instalments, ₹10,20,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    HDFC Balanced AdvantageHDFC Balanced Advantage Fund (Direct) ₹10,20,000 ₹18,82,104 ₹8,62,104 14.0%
    ICICI Prudential BSE 500 ETFICICI Prudential BSE 500 ETF ₹10,20,000 ₹16,90,612 ₹6,70,612 11.6%
    ₹0₹5.0 L₹10.0 L₹15.0 L₹20.0 L
    20192020202120222023202420252026
    HDFC Balanced AdvantageHDFC Balanced Advantage Fund (Direct)ICICI Prudential BSE 500 ETFICICI Prudential BSE 500 ETFAmount 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.

    HDFC Balanced Advantage vs ICICI Prudential BSE 500 ETF: Risk and Drawdowns

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

    Risk and return

    MeasureHDFC Balanced Advantage Fund (Direct)ICICI Prudential BSE 500 ETF
    Return (CAGR)+10.53%+9.53%
    Standard deviation9.77%14.18%
    Sharpe ratio0.460.25
    Sortino ratio0.610.33
    Maximum drawdown−10.2% (30-03-2026)−18.8% (28-02-2025)
    Beta--1.00
    Alpha--−0.36%

    From daily NAVs, 30-10-2023 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.

    −40%−30%−20%−10%0%
    20192020202120222023202420252026
    HDFC Balanced Advantage Fund (Direct)ICICI Prudential BSE 500 ETFBSE 500 TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    HDFC Balanced Advantage Fund (Direct)−34.2%04-07-201923-03-202003-12-20208 months−6.5%
    ICICI Prudential BSE 500 ETF−38.0%17-01-202023-03-202006-11-20207 months−10.0%
    BSE 500 TRI−38.1%17-01-202023-03-202006-11-20207 months−9.4%

    From daily values since 11-05-2018, 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 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.

    0%5%10%15%20%25%
    20222023202420252026
    HDFC Balanced Advantage Fund (Direct)ICICI Prudential BSE 500 ETFBSE 500 TRI

    Against BSE 500 TRI

    FundUp captureDown captureTracking error
    HDFC Balanced Advantage Fund (Direct)85%67%7.02%
    ICICI Prudential BSE 500 ETF99%100%0.18%

    From month-end values since 11-05-2018. 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.

    HDFC Balanced Advantage vs ICICI Prudential BSE 500 ETF: Portfolio Overlap

    From each fund's latest monthly portfolio: HDFC Balanced Advantage Fund, September 2026; ICICI Prudential BSE 500 ETF, September 2026

    Holdings in common

    Overlap
    48.6%
    Held by both
    131
    Only in HDFC Balanced Advantage
    180
    Only in ICICI Prudential BSE 500 ETF
    370
    Security% of HDFC Balanced Advantage% of ICICI Prudential BSE 500 ETF
    ICICI Bank Ltd.5.06%5.02%
    HDFC Bank Ltd.4.32%5.73%
    Reliance Industries Ltd.3.64%4.17%
    Bharti Airtel Ltd.3.05%2.90%
    Larsen and Toubro Ltd.2.52%2.32%
    State Bank of India3.28%2.11%
    Axis Bank Ltd.2.65%1.86%
    Kotak Mahindra Bank Limited1.58%1.63%
    Infosys Limited1.45%1.86%
    Eternal Limited1.68%1.22%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 48.6% means 48.6% 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 HDFC Balanced Advantage Fund

    Security% of fund
    7.18% GOI MAT 1408332.04%
    Embassy Office Parks REIT0.83%
    7.34% GOI MAT 2204640.74%
    LIC Housing Finance Ltd.0.63%
    State Bank of India (Tier 2 - Basel III)0.58%

    Largest holdings only in ICICI Prudential BSE 500 ETF

    Security% of fund
    Bajaj Finance Ltd.1.36%
    Titan Company Ltd.0.99%
    Bharat Electronics Ltd.0.74%
    Hindalco Industries Ltd.0.72%
    JSW Steel Ltd.0.63%

    Asset and sector split

    Share of each fund, from its latest monthly portfolio

    Asset allocation

    AssetHDFC Balanced AdvantageICICI Prudential BSE 500 ETF
    Equity73.4%100.0%
    Debt23.6%0.0%
    Cash and others2.9%0.0%

    Market cap of stocks

    Market capHDFC Balanced AdvantageICICI Prudential BSE 500 ETF
    Large Cap54.4%67.1%
    Mid Cap9.4%21.5%
    Small Cap9.4%11.3%
    Not on AMFI's list0.2%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

    SectorHDFC Balanced AdvantageICICI Prudential BSE 500 ETF
    Banks18.8%19.5%
    Finance3.0%6.4%
    Pharmaceuticals & Biotechnology5.6%5.8%
    It - Software0.0%5.8%
    Petroleum Products5.2%5.0%
    Automobiles3.5%4.9%
    IT - Software4.5%0.0%
    Construction3.7%2.8%

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

    HDFC Balanced Advantage vs ICICI Prudential BSE 500 ETF: Expense Ratio

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

    ChargeHDFC Balanced Advantage FundICICI Prudential BSE 500 ETF
    Total expense ratio (Direct)0.77%Not available
    Base expense ratio (Direct)0.64%0.00%
    Total expense ratio (Regular)1.30%Not available
    Base expense ratio (Regular)1.09%0.26%

    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

    HDFC Balanced Advantage Fund vs ICICI Prudential BSE 500 ETF: Frequently Asked Questions

    What is the difference between HDFC Balanced Advantage Fund and ICICI Prudential BSE 500 ETF?

    HDFC Balanced Advantage Fund is a Balanced Advantage fund, ICICI Prudential BSE 500 ETF is an ETF fund, run by HDFC Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 48.6%. HDFC Balanced Advantage Fund charges 0.77% a year and ICICI Prudential BSE 500 ETF 0.33%.

    Which has given higher returns, HDFC Balanced Advantage Fund or ICICI Prudential BSE 500 ETF?

    Over 1 year: HDFC Balanced Advantage Fund −5.25%, ICICI Prudential BSE 500 ETF −7.94%. Over 3 years: HDFC Balanced Advantage Fund +10.53% a year, ICICI Prudential BSE 500 ETF +9.53% a year. Over 5 years: HDFC Balanced Advantage Fund +13.03% a year, ICICI Prudential BSE 500 ETF +8.30% a year. As on 30-10-2026. Past returns do not promise future returns.

    Which has the lower expense ratio, HDFC Balanced Advantage Fund or ICICI Prudential BSE 500 ETF?

    ICICI Prudential BSE 500 ETF charges less: 0.33% a year against 0.77%. These are the total expense ratios reported to AMFI.

    How much do HDFC Balanced Advantage Fund and ICICI Prudential BSE 500 ETF overlap?

    48.6%. They hold 131 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.

    Which is better for SIP, HDFC Balanced Advantage Fund or ICICI Prudential BSE 500 ETF?

    Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,84,851 in HDFC Balanced Advantage Fund (XIRR 9.9% a year) and ₹7,27,545 in ICICI Prudential BSE 500 ETF (XIRR 6.9% a year). Both received 61 instalments. Past returns do not promise future returns.

    Can I invest in both HDFC Balanced Advantage Fund and ICICI Prudential BSE 500 ETF?

    Yes. 48.6% of each fund's money sits in the same holdings, so a large part of the two investments would move together.

    Who manages HDFC Balanced Advantage Fund and ICICI Prudential BSE 500 ETF?

    HDFC Balanced Advantage Fund: Gopal Agrawal, Ihab Dalwai, Nandita Menezes, – Mr. Arun Agarwal, Anil Bamboli. ICICI Prudential BSE 500 ETF: Nishit Patel, Ajaykumar Solanki, Ashwini Shinde.

    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.

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