HDFC Balanced Advantage Fund vs SBI BSE 100 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 SBI BSE 100 ETF is a mutual fund. In the 3 years to 30-10-2026, HDFC Balanced Advantage Fund (Direct) returned 10.5% a year and SBI BSE 100 ETF (Regular) returned 8.8% a year. HDFC Balanced Advantage Fund charges 0.77% a year and SBI BSE 100 ETF 0.16%. Their portfolios overlap 49.3%: they hold 58 of the same securities.
HDFC Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 10.5%
- Expense ratio
- 0.77%
- NAV
- ₹546.24
Which is better, HDFC Balanced Advantage or SBI BSE 100 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 7.6%.
- HDFC Balanced Advantage returned more over 3 years: 10.5% a year against 8.8%.
- SBI BSE 100 ETF costs less: 0.16% a year against 0.77%.
- HDFC Balanced Advantage swung less over 3 years: a standard deviation of 9.8% a year against 13.5%.
- HDFC Balanced Advantage fell less in its worst fall since 25-03-2015: −34.2% against −38.2%.
- SBI BSE 100 ETF holds more in large companies: 90.2% of the fund in large caps against 54.4%.
- HDFC Balanced Advantage is the larger fund: ₹1,02,534 Cr against ₹9 Cr.
- Their portfolios overlap 49.3%: 58 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 | SBI BSE 100 ETF |
|---|---|---|
| Fund house | HDFC Mutual Fund | SBI Mutual Fund |
| Category | Balanced Advantage | Not available |
| AUM | ₹1,02,534 Cr (30-09-2026) | ₹9 Cr (30-09-2026) |
| NAV | ₹546.24 (Direct) | ₹272.01 (Regular) |
| Expense ratio (Direct) | 0.77% | Not available |
| Expense ratio (Regular) | 1.30% | 0.16% |
| 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 SBI BSE 100 ETF: 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% |
| SBI BSE 100 ETF (Regular) | +0.93% | −5.53% | −2.97% | −9.05% | +8.78% | +7.62% | +11.52% |
| 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 SBI BSE 100 ETF: Year-wise Returns
| Year | HDFC Balanced AdvantageHDFC Balanced Advantage | SBI BSE 100 ETFSBI BSE 100 ETF |
|---|---|---|
| 2026to date | −5.77% | −9.80% |
| 2025 | +7.87% | +10.33% |
| 2024 | +17.44% | +13.11% |
| 2023 | +32.13% | +23.07% |
| 2022 | +19.56% | +5.85% |
| 2021 | +27.11% | +26.33% |
HDFC Balanced Advantage vs SBI BSE 100 ETF: Rolling Returns
Every holding period of both funds, against BSE 100 TRI, the benchmark of SBI BSE 100 ETF
Rolling returns
Every 3-year holding period, 2,117 of them, one for each trading day from 26-03-2018 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)
SBI BSE 100 ETF (Regular)
BSE 100 TRI
to
Dec 2018May 2017
to
May 2020Nov 2018
to
Nov 2021Apr 2020
to
Apr 2023Oct 2021
to
Oct 2024Feb 2023
to
Feb 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HDFC Balanced Advantage | 2.2 | 6.8 | 6.0 | 29.7 | 27.5 | 14.6 | 13.2 | 16.1% | 16.0% | −3.7% | 33.8% | 65% |
| SBI BSE 100 ETF | 2.2 | 5.6 | 11.5 | 39.8 | 32.3 | 6.3 | 2.4 | 13.7% | 14.1% | −6.3% | 32.6% | 0% |
| BSE 100 TRI | 1.3 | 4.7 | 9.8 | 38.8 | 35.8 | 6.9 | 2.6 | 14.3% | 14.6% | −5.2% | 32.8% | -- |
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. The benchmark is BSE 100 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 25-03-2015. Past returns do not promise future returns.
HDFC Balanced Advantage vs SBI BSE 100 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
₹10,000 on the first trading day of every month, from 02-03-2015 to 30-10-2026: 140 instalments, ₹14,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC Balanced AdvantageHDFC Balanced Advantage Fund (Direct) | ₹14,00,000 | ₹32,71,003 | ₹18,71,003 | 13.8% |
| SBI BSE 100 ETFSBI BSE 100 ETF (Regular) | ₹14,00,000 | ₹27,53,623 | ₹13,53,623 | 11.0% |
HDFC Balanced AdvantageHDFC Balanced Advantage Fund (Direct)
SBI BSE 100 ETFSBI BSE 100 ETF (Regular)
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 SBI BSE 100 ETF: 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) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | −5.25% | −9.05% |
| Standard deviation | 9.95% | 13.91% |
| Sharpe ratio | -1.05 | -1.03 |
| Sortino ratio | -1.39 | -1.36 |
| Maximum drawdown | −10.2% (30-03-2026) | −15.0% (31-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.16% |
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) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +10.53% | +8.78% |
| Standard deviation | 9.77% | 13.55% |
| Sharpe ratio | 0.46 | 0.20 |
| Sortino ratio | 0.61 | 0.28 |
| Maximum drawdown | −10.2% (30-03-2026) | −16.7% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.18% |
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) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +13.03% | +7.62% |
| Standard deviation | 9.68% | 13.90% |
| Sharpe ratio | 0.75 | 0.13 |
| Sortino ratio | 1.01 | 0.18 |
| Maximum drawdown | −10.2% (30-03-2026) | −16.7% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.17% |
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) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +13.51% | +10.40% |
| Standard deviation | 14.22% | 15.99% |
| Sharpe ratio | 0.52 | 0.30 |
| Sortino ratio | 0.71 | 0.40 |
| Maximum drawdown | −34.2% (23-03-2020) | −38.2% (23-03-2020) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.44% |
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)
SBI BSE 100 ETF (Regular)
BSE 100 TRI
| 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% |
| SBI BSE 100 ETF (Regular) | −38.2% | 17-01-2020 | 23-03-2020 | 09-11-2020 | 8 months | −10.6% |
| BSE 100 TRI | −38.0% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −10.4% |
From daily values since 25-03-2015, 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)
SBI BSE 100 ETF (Regular)
BSE 100 TRI
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)
SBI BSE 100 ETF (Regular)
BSE 100 TRI
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)
SBI BSE 100 ETF (Regular)
BSE 100 TRI
Against BSE 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC Balanced Advantage Fund (Direct) | 93% | 77% | 6.39% |
| SBI BSE 100 ETF (Regular) | 99% | 102% | 0.79% |
From month-end values since 25-03-2015. 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 SBI BSE 100 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Balanced Advantage Fund, September 2026; SBI BSE 100 ETF, September 2026
Holdings in common
- Overlap
- 49.3%
- Held by both
- 58
- Only in HDFC Balanced Advantage
- 253
- Only in SBI BSE 100 ETF
- 42
| Security | % of HDFC Balanced Advantage | % of SBI BSE 100 ETF |
|---|---|---|
| ICICI Bank Ltd. | 5.06% | 7.24% |
| HDFC Bank Ltd. | 4.32% | 8.26% |
| Reliance Industries Ltd. | 3.64% | 6.01% |
| Bharti Airtel Ltd. | 3.05% | 4.18% |
| State Bank of India | 3.28% | 3.04% |
| Axis Bank Ltd. | 2.65% | 2.68% |
| Larsen and Toubro Ltd. | 2.52% | 3.35% |
| Eternal Limited | 1.68% | 1.76% |
| Kotak Mahindra Bank Limited | 1.58% | 2.34% |
| Sun Pharmaceutical Industries Ltd. | 1.55% | 1.50% |
| Infosys Limited | 1.45% | 2.68% |
| Maruti Suzuki India Limited | 1.42% | 1.18% |
| NTPC Limited | 2.00% | 1.17% |
| ITC LIMITED | 1.10% | 1.94% |
| Tata Consultancy Services Ltd. | 1.08% | 1.58% |
| HCL Technologies Ltd. | 1.21% | 0.99% |
| InterGlobe Aviation Ltd. | 1.18% | 0.85% |
| Mahindra & Mahindra Ltd. | 0.82% | 2.01% |
| Divis Laboratories Ltd. | 0.81% | 0.90% |
| Coal India Ltd. | 1.77% | 0.78% |
| Tata Steel Ltd. | 0.68% | 1.16% |
| SBI Life Insurance Company Ltd. | 0.88% | 0.58% |
| UltraTech Cement Limited | 0.56% | 0.98% |
| Bharat Petroleum Corporation Ltd. | 0.61% | 0.45% |
| Indusind Bank Ltd. | 0.57% | 0.45% |
| Hindustan Aeronautics Limited | 0.45% | 0.66% |
| Au Small Finance Bank Ltd. | 0.48% | 0.44% |
| Cholamandalam Investment & Finance Co. Ltd. | 0.43% | 0.54% |
| Bajaj Auto Limited | 0.40% | 0.88% |
| Lupin Ltd. | 1.13% | 0.38% |
| Britannia Industries Ltd. | 0.38% | 0.43% |
| Power Finance Corporation Ltd. | 0.59% | 0.36% |
| GAIL (India) Ltd. | 0.82% | 0.35% |
| Bajaj Finserv Ltd. | 0.34% | 0.74% |
| Bank of Baroda | 0.67% | 0.33% |
| Hindustan Unilever Ltd. | 0.31% | 1.28% |
| Oil & Natural Gas Corporation Ltd. | 0.29% | 0.67% |
| REC Limited. | 0.50% | 0.28% |
| United Spirits Limited | 0.28% | 0.30% |
| Trent Ltd. | 0.20% | 0.66% |
| Tech Mahindra Ltd. | 0.18% | 0.75% |
| Tata Motors Limited | 0.16% | 0.68% |
| Ashok Leyland Ltd | 0.16% | 0.33% |
| Asian Paints Limited | 0.15% | 0.83% |
| Cipla Ltd. | 0.14% | 0.58% |
| CG Power and Industrial Solutions Ltd. | 0.14% | 0.44% |
| HDFC Life Insurance Company Limited | 0.14% | 0.42% |
| DLF LIMITED | 0.13% | 0.33% |
| Shriram Finance Ltd. | 0.13% | 1.04% |
| Dr Reddys Laboratories Ltd. | 0.12% | 0.57% |
| Tata Motors Passenger Vehicles Limited | 0.11% | 0.46% |
| Avenue Supermarts Ltd. | 0.11% | 0.48% |
| INFO EDGE (INDIA) LIMITED | 0.11% | 0.36% |
| Jio Financial Services Limited | 0.11% | 0.55% |
| Persistent Systems Limited | 0.05% | 0.44% |
| PB Fintech Limited | 0.04% | 0.29% |
| Adani Ports & Special Economic Zone | 0.04% | 1.07% |
| Varun Beverages Ltd | 0.02% | 0.45% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 49.3% means 49.3% 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 140833 | 2.04% |
| Life Insurance Corporation of India | 1.17% |
| Embassy Office Parks REIT | 0.83% |
| Hyundai Motor India Limited | 0.79% |
| 7.34% GOI MAT 220464 | 0.74% |
Largest holdings only in SBI BSE 100 ETF
| Security | % of fund |
|---|---|
| Bajaj Finance Ltd. | 1.96% |
| Titan Company Ltd. | 1.43% |
| Bharat Electronics Ltd. | 1.07% |
| Hindalco Industries Ltd. | 1.03% |
| Power Grid Corporation of India Ltd. | 0.91% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Balanced Advantage | SBI BSE 100 ETF |
|---|---|---|
| Equity | 73.4% | 100.0% |
| Debt | 23.6% | 0.0% |
| Cash and others | 2.9% | 0.0% |
Market cap of stocks
| Market cap | HDFC Balanced Advantage | SBI BSE 100 ETF |
|---|---|---|
| Large Cap | 54.4% | 90.2% |
| Mid Cap | 9.4% | 9.7% |
| Small Cap | 9.4% | 0.0% |
| 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 | SBI BSE 100 ETF |
|---|---|---|
| Banks | 18.8% | 26.7% |
| IT - Software | 4.5% | 7.5% |
| Petroleum Products | 5.2% | 6.8% |
| Automobiles | 3.5% | 6.5% |
| Finance | 3.0% | 5.8% |
| Pharmaceuticals & Biotechnology | 5.6% | 3.9% |
| Telecom - Services | 3.2% | 4.5% |
| Construction | 3.7% | 3.4% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Balanced Advantage vs SBI BSE 100 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Balanced Advantage Fund | SBI BSE 100 ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.77% | Not available |
| Base expense ratio (Direct) | 0.64% | 0.00% |
| Total expense ratio (Regular) | 1.30% | 0.16% |
| Base expense ratio (Regular) | 1.09% | 0.12% |
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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HDFC Balanced Advantage Fund vs SBI BSE 100 ETF: Frequently Asked Questions
What is the difference between HDFC Balanced Advantage Fund and SBI BSE 100 ETF?
HDFC Balanced Advantage Fund is a Balanced Advantage fund, SBI BSE 100 ETF is a mutual fund, run by HDFC Mutual Fund and SBI Mutual Fund. Their portfolios overlap 49.3%. HDFC Balanced Advantage Fund charges 0.77% a year and SBI BSE 100 ETF 0.16%.
Which has given higher returns, HDFC Balanced Advantage Fund or SBI BSE 100 ETF?
Over 1 year: HDFC Balanced Advantage Fund −5.25%, SBI BSE 100 ETF −9.05%. Over 3 years: HDFC Balanced Advantage Fund +10.53% a year, SBI BSE 100 ETF +8.78% a year. Over 5 years: HDFC Balanced Advantage Fund +13.03% a year, SBI BSE 100 ETF +7.62% 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 SBI BSE 100 ETF?
SBI BSE 100 ETF charges less: 0.16% a year against 0.77%. These are the total expense ratios reported to AMFI.
How much do HDFC Balanced Advantage Fund and SBI BSE 100 ETF overlap?
49.3%. They hold 58 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 SBI BSE 100 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 ₹7,13,638 in SBI BSE 100 ETF (XIRR 6.1% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both HDFC Balanced Advantage Fund and SBI BSE 100 ETF?
Yes. 49.3% of each fund's money sits in the same holdings, so a large part 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.