HDFC Balanced Advantage Fund vs Nippon India Balanced Advantage Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Balanced Advantage Fund and Nippon India Balanced Advantage Fund are both Balanced Advantage funds. In the 3 years to 30-10-2026, HDFC Balanced Advantage Fund (Direct) returned 10.5% a year and Nippon India Balanced Advantage Fund (Direct) returned 10.1% a year. HDFC Balanced Advantage Fund charges 0.77% a year and Nippon India Balanced Advantage Fund 0.89% (Direct plans). Their portfolios overlap 39.4%: they hold 53 of the same securities.
HDFC Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 10.5%
- Expense ratio
- 0.77%
- NAV
- ₹546.24
Nippon India Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 10.1%
- Expense ratio
- 0.89%
- NAV
- ₹203.40
Which is better, HDFC Balanced Advantage or Nippon India 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 5 years: 13.0% a year against 9.1%.
- HDFC Balanced Advantage returned more over 3 years: 10.5% a year against 10.1%.
- HDFC Balanced Advantage costs less: 0.77% a year against 0.89% (Direct plans).
- Nippon India Balanced Advantage swung less over 3 years: a standard deviation of 8.0% a year against 9.8%.
- Nippon India Balanced Advantage fell less in its worst fall since 03-01-2013: −22.8% against −34.2%.
- HDFC Balanced Advantage is the larger fund: ₹1,02,534 Cr against ₹9,532 Cr.
- Their portfolios overlap 39.4%: 53 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 | HDFC Balanced Advantage Fund | Nippon India Balanced Advantage Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | Nippon India Mutual Fund |
| Category | Balanced Advantage | Balanced Advantage |
| AUM | ₹1,02,534 Cr (30-09-2026) | ₹9,532 Cr (30-09-2026) |
| NAV | ₹546.24 (Direct) | ₹203.40 (Direct) |
| Expense ratio (Direct) | 0.77% | 0.89% |
| Expense ratio (Regular) | 1.30% | 1.99% |
| Riskometer | Very High | Not available |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | Not available |
| Launch date | 01-02-1994 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | None | Not available |
| Fund managers | Gopal Agrawal, Ihab Dalwai, Nandita Menezes, – Mr. Arun Agarwal, Anil Bamboli | Not available |
| Exit load | Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 1 year. | Not available |
HDFC Balanced Advantage vs Nippon India 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 |
|---|---|---|---|---|---|---|---|
| HDFC Balanced Advantage Fund (Direct) | −0.67% | −4.30% | −2.27% | −5.25% | +10.53% | +13.03% | +13.61% |
| Nippon India Balanced Advantage Fund (Direct) | −0.47% | −3.59% | −0.09% | −1.36% | +10.07% | +9.08% | +10.59% |
| 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 Nippon India Balanced Advantage: Year-wise Returns
| Year | HDFCHDFC Balanced Advantage | Nippon IndiaNippon India Balanced Advantage |
|---|---|---|
| 2026to date | −5.77% | −1.58% |
| 2025 | +7.87% | +8.58% |
| 2024 | +17.44% | +14.36% |
| 2023 | +32.13% | +18.94% |
| 2022 | +19.56% | +6.54% |
| 2021 | +27.11% | +17.38% |
HDFC Balanced Advantage vs Nippon India Balanced Advantage: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,666 of them, one for each trading day from 04-01-2016 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.
HDFC Balanced Advantage Fund (Direct)
Nippon India Balanced Advantage Fund (Direct)
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HDFC Balanced Advantage | 1.8 | 5.4 | 6.5 | 33.6 | 27.9 | 14.4 | 10.5 | 15.9% | 15.5% | −3.7% | 33.8% |
| Nippon India Balanced Advantage | 0.0 | 4.7 | 16.3 | 62.1 | 16.0 | 0.9 | 0.0 | 12.3% | 12.8% | 0.5% | 21.8% |
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. Every fund is measured over the days all of them have, from 03-01-2013. Past returns do not promise future returns.
HDFC Balanced Advantage vs Nippon India 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 01-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC Balanced AdvantageHDFC Balanced Advantage Fund (Direct) | ₹16,60,000 | ₹46,90,351 | ₹30,30,351 | 13.9% |
| Nippon India Balanced AdvantageNippon India Balanced Advantage Fund (Direct) | ₹16,60,000 | ₹37,26,882 | ₹20,66,882 | 11.0% |
HDFC Balanced AdvantageHDFC Balanced Advantage Fund (Direct)
Nippon India Balanced AdvantageNippon India 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.
HDFC Balanced Advantage vs Nippon India Balanced Advantage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Balanced Advantage Fund (Direct) | Nippon India Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.25% | −1.36% |
| Standard deviation | 9.95% | 8.76% |
| Sharpe ratio | -1.05 | -0.75 |
| Sortino ratio | -1.39 | -1.01 |
| Maximum drawdown | −10.2% (30-03-2026) | −7.8% (30-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 | HDFC Balanced Advantage Fund (Direct) | Nippon India Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.53% | +10.07% |
| Standard deviation | 9.77% | 7.99% |
| Sharpe ratio | 0.46 | 0.51 |
| Sortino ratio | 0.61 | 0.69 |
| Maximum drawdown | −10.2% (30-03-2026) | −8.6% (28-02-2025) |
| Beta | -- | -- |
| Alpha | -- | -- |
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.
| Measure | HDFC Balanced Advantage Fund (Direct) | Nippon India Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.03% | +9.08% |
| Standard deviation | 9.68% | 7.44% |
| Sharpe ratio | 0.75 | 0.44 |
| Sortino ratio | 1.01 | 0.60 |
| Maximum drawdown | −10.2% (30-03-2026) | −8.6% (28-02-2025) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 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 | HDFC Balanced Advantage Fund (Direct) | Nippon India Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.51% | +11.43% |
| Standard deviation | 14.22% | 11.09% |
| Sharpe ratio | 0.52 | 0.49 |
| Sortino ratio | 0.71 | 0.66 |
| Maximum drawdown | −34.2% (23-03-2020) | −22.8% (25-02-2016) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 01-01-2013 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.
HDFC Balanced Advantage Fund (Direct)
Nippon India Balanced Advantage Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC Balanced Advantage Fund (Direct) | −34.2% | 04-07-2019 | 23-03-2020 | 03-12-2020 | 8 months | −6.5% |
| Nippon India Balanced Advantage Fund (Direct) | −22.8% | 19-08-2015 | 25-02-2016 | 30-08-2016 | 6 months | −4.8% |
From daily values since 03-01-2013, 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.
HDFC Balanced Advantage Fund (Direct)
Nippon India Balanced Advantage Fund (Direct)
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.
HDFC Balanced Advantage Fund (Direct)
Nippon India Balanced Advantage Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
HDFC Balanced Advantage Fund (Direct)
Nippon India Balanced Advantage Fund (Direct)
HDFC Balanced Advantage vs Nippon India Balanced Advantage: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Balanced Advantage Fund, September 2026; Nippon India Balanced Advantage Fund, September 2026
Holdings in common
- Overlap
- 39.4%
- Held by both
- 53
- Only in HDFC Balanced Advantage
- 258
- Only in Nippon India Balanced Advantage
- 85
| Security | % of HDFC Balanced Advantage | % of Nippon India Balanced Advantage |
|---|---|---|
| ICICI Bank Ltd. | 5.06% | 5.56% |
| HDFC Bank Ltd. | 4.32% | 6.33% |
| Axis Bank Ltd. | 2.65% | 2.58% |
| State Bank of India | 3.28% | 2.52% |
| Reliance Industries Ltd. | 3.64% | 2.49% |
| Bharti Airtel Ltd. | 3.05% | 2.32% |
| Larsen and Toubro Ltd. | 2.52% | 1.81% |
| Eternal Limited | 1.68% | 1.86% |
| NTPC Limited | 2.00% | 1.60% |
| Kotak Mahindra Bank Limited | 1.58% | 2.27% |
| Infosys Limited | 1.45% | 2.30% |
| InterGlobe Aviation Ltd. | 1.18% | 0.99% |
| ITC LIMITED | 1.10% | 0.99% |
| Mahindra & Mahindra Ltd. | 0.82% | 2.03% |
| Sun Pharmaceutical Industries Ltd. | 1.55% | 0.77% |
| Maruti Suzuki India Limited | 1.42% | 0.71% |
| SBI Life Insurance Company Ltd. | 0.88% | 0.71% |
| BROOKFIELD INDIA REAL ESTATE TRUST | 0.51% | 0.53% |
| Au Small Finance Bank Ltd. | 0.48% | 0.63% |
| Ipca Laboratories Ltd. | 0.47% | 0.85% |
| Hindustan Aeronautics Limited | 0.45% | 0.84% |
| Cholamandalam Investment & Finance Co. Ltd. | 0.43% | 0.89% |
| 7.18% GOI MAT 140833 | 2.04% | 0.37% |
| Hindustan Unilever Ltd. | 0.31% | 1.01% |
| KAYNES TECHNOLOGY INDIA LIMITED | 0.39% | 0.30% |
| United Spirits Limited | 0.28% | 0.45% |
| MphasiS Limited. | 0.27% | 0.51% |
| 7.1% GOI MAT 080434 | 0.48% | 0.26% |
| Muthoot Finance Ltd. | 0.29% | 0.26% |
| Lupin Ltd. | 1.13% | 0.24% |
| 6.9% GOI MAT 150465 | 0.55% | 0.24% |
| Tata Steel Ltd. | 0.68% | 0.23% |
| Trent Ltd. | 0.20% | 0.52% |
| Tech Mahindra Ltd. | 0.18% | 0.63% |
| Muthoot Finance Ltd. | 0.15% | 1.31% |
| CG Power and Industrial Solutions Ltd. | 0.14% | 0.94% |
| 7.09% GOI MAT 050854 | 0.12% | 0.25% |
| Dr Reddys Laboratories Ltd. | 0.12% | 0.35% |
| 7.18% GOI MAT 240737 | 0.42% | 0.11% |
| Avenue Supermarts Ltd. | 0.11% | 0.55% |
| LG Electronics India Limited | 0.11% | 0.65% |
| Swiggy Limited | 0.10% | 0.63% |
| JSW Energy Ltd. | 0.10% | 0.31% |
| Tata Capital Ltd. | 0.10% | 0.26% |
| Jubilant Foodworks Limited | 0.09% | 0.69% |
| L&T Metro Rail (Hyderabad) Ltd | 0.07% | 0.51% |
| Bharti Telecom Limited | 0.06% | 0.26% |
| PB Fintech Limited | 0.04% | 0.47% |
| Devyani International Ltd | 0.04% | 0.61% |
| Varun Beverages Ltd | 0.02% | 0.68% |
| L&T Finance Ltd. | 0.02% | 0.11% |
| RAAJMARG INFRA INVESTMENT TRUST | 0.01% | 0.46% |
| Star Health and Allied Insurance Company Ltd | 0.01% | 0.85% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 39.4% means 39.4% 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 |
|---|---|
| Coal India Ltd. | 1.77% |
| HCL Technologies Ltd. | 1.21% |
| Life Insurance Corporation of India | 1.17% |
| Tata Consultancy Services Ltd. | 1.08% |
| Embassy Office Parks REIT | 0.83% |
Largest holdings only in Nippon India Balanced Advantage Fund
| Security | % of fund |
|---|---|
| Cube Highways Trust-InvIT Fund | 1.56% |
| 7.48% National Bank For Agriculture and Rural Development | 1.56% |
| Bajaj Finance Limited | 1.56% |
| Samvardhana Motherson International Limited | 1.24% |
| Mindspace Business Parks REIT | 1.15% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Balanced Advantage | Nippon India Balanced Advantage |
|---|---|---|
| Equity | 73.4% | 71.7% |
| Debt | 23.6% | 18.6% |
| Cash and others | 2.9% | 9.7% |
Market cap of stocks
| Market cap | HDFC Balanced Advantage | Nippon India Balanced Advantage |
|---|---|---|
| Large Cap | 54.4% | 52.5% |
| Mid Cap | 9.4% | 11.5% |
| Small Cap | 9.4% | 7.6% |
| Not on AMFI's list | 0.2% | 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
| Sector | HDFC Balanced Advantage | Nippon India Balanced Advantage |
|---|---|---|
| Banks | 18.8% | 19.9% |
| Pharmaceuticals & Biotechnology | 5.6% | 3.6% |
| Petroleum Products | 5.2% | 2.5% |
| Retailing | 2.8% | 4.6% |
| IT - Software | 4.5% | 4.2% |
| Finance | 3.0% | 4.1% |
| Construction | 3.7% | 1.9% |
| Automobiles | 3.5% | 3.6% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Balanced Advantage vs Nippon India Balanced Advantage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Balanced Advantage Fund | Nippon India Balanced Advantage Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.77% | 0.89% |
| Base expense ratio (Direct) | 0.64% | 0.56% |
| Total expense ratio (Regular) | 1.30% | 1.99% |
| Base expense ratio (Regular) | 1.09% | 1.51% |
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
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Compare Nippon India Balanced Advantage with
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HDFC Balanced Advantage Fund vs Nippon India Balanced Advantage Fund: Frequently Asked Questions
What is the difference between HDFC Balanced Advantage Fund and Nippon India Balanced Advantage Fund?
Both are Balanced Advantage funds, run by HDFC Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 39.4%. HDFC Balanced Advantage Fund charges 0.77% a year and Nippon India Balanced Advantage Fund 0.89%.
Which has given higher returns, HDFC Balanced Advantage Fund or Nippon India Balanced Advantage Fund?
Over 1 year: HDFC Balanced Advantage Fund −5.25%, Nippon India Balanced Advantage Fund −1.36%. Over 3 years: HDFC Balanced Advantage Fund +10.53% a year, Nippon India Balanced Advantage Fund +10.07% a year. Over 5 years: HDFC Balanced Advantage Fund +13.03% a year, Nippon India Balanced Advantage Fund +9.08% 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 Nippon India Balanced Advantage Fund?
HDFC Balanced Advantage Fund charges less: 0.77% a year against 0.89%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Balanced Advantage Fund and Nippon India Balanced Advantage Fund overlap?
39.4%. They hold 53 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, AXISBANK. From each fund's latest monthly portfolio.
Which is better for SIP, HDFC Balanced Advantage Fund or Nippon India Balanced Advantage Fund?
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 ₹7,54,281 in Nippon India Balanced Advantage Fund (XIRR 8.3% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both HDFC Balanced Advantage Fund and Nippon India Balanced Advantage Fund?
Yes. 39.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.