HDFC Balanced Advantage Fund vs UTI Nifty 500 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Balanced Advantage Fund is a Balanced Advantage fund and UTI Nifty 500 Index Fund is an Index fund. HDFC Balanced Advantage Fund charges 0.77% a year and UTI Nifty 500 Index Fund 1.85% (Direct plans). Their portfolios overlap 48.6%: they hold 136 of the same securities.
HDFC Balanced Advantage Fund
Balanced Advantage
- Expense ratio
- 0.77%
- NAV
- ₹546.24
Which is better, HDFC Balanced Advantage or UTI Nifty 500 Index? 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 costs less: 0.77% a year against 1.85% (Direct plans).
- HDFC Balanced Advantage fell less in its worst fall since 31-08-2026: −5.7% against −8.6%.
- UTI Nifty 500 Index holds more in large companies: 67.3% of the fund in large caps against 54.4%.
- HDFC Balanced Advantage is the larger fund: ₹1,02,534 Cr against ₹102 Cr.
- Their portfolios overlap 48.6%: 136 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 | UTI Nifty 500 Index Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | UTI Mutual Fund |
| Category | Balanced Advantage | Index |
| AUM | ₹1,02,534 Cr (30-09-2026) | ₹102 Cr (30-09-2026) |
| NAV | ₹546.24 (Direct) | ₹9.31 (Direct) |
| Expense ratio (Direct) | 0.77% | 1.85% |
| Expense ratio (Regular) | 1.30% | 2.56% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | Nifty 500 TRI |
| Launch date | 01-02-1994 | 27-08-2026 |
| Minimum investment | ₹100 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Gopal Agrawal, Ihab Dalwai, Nandita Menezes, – Mr. Arun Agarwal, Anil Bamboli | Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3 |
| Exit load | Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 1 year. | Nil |
HDFC Balanced Advantage vs UTI Nifty 500 Index: 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% |
| UTI Nifty 500 Index Fund (Direct) | −0.77% | -- | -- | -- | -- | -- | -- |
| 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 UTI Nifty 500 Index: Year-wise Returns
| Year | HDFC Balanced AdvantageHDFC Balanced Advantage | UTI Nifty 500 IndexUTI Nifty 500 Index |
|---|---|---|
| 2026to date | −5.77% | -- |
| 2025 | +7.87% | -- |
| 2024 | +17.44% | -- |
| 2023 | +32.13% | -- |
| 2022 | +19.56% | -- |
| 2021 | +27.11% | -- |
HDFC Balanced Advantage vs UTI Nifty 500 Index: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of UTI Nifty 500 Index Fund
HDFC Balanced Advantage vs UTI Nifty 500 Index: 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) | UTI Nifty 500 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.51% | −33.99% |
| Standard deviation | 14.22% | 13.15% |
| Sharpe ratio | 0.52 | -2.99 |
| Sortino ratio | 0.71 | -3.45 |
| Maximum drawdown | −34.2% (23-03-2020) | −8.6% (23-10-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.23% |
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)
UTI Nifty 500 Index Fund (Direct)
Nifty 500 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) | −5.7% | 31-08-2026 | 23-10-2026 | Not yet | -- | −4.5% |
| UTI Nifty 500 Index Fund (Direct) | −8.6% | 31-08-2026 | 23-10-2026 | Not yet | -- | −6.6% |
| Nifty 500 TRI | −8.6% | 31-08-2026 | 23-10-2026 | Not yet | -- | −6.6% |
From daily values since 31-08-2026, the first day every fund has.
HDFC Balanced Advantage vs UTI Nifty 500 Index: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Balanced Advantage Fund, September 2026; UTI Nifty 500 Index Fund, September 2026
Holdings in common
- Overlap
- 48.6%
- Held by both
- 136
- Only in HDFC Balanced Advantage
- 175
- Only in UTI Nifty 500 Index
- 360
| Security | % of HDFC Balanced Advantage | % of UTI Nifty 500 Index |
|---|---|---|
| ICICI Bank Ltd. | 5.06% | 4.94% |
| HDFC Bank Ltd. | 4.32% | 5.67% |
| Reliance Industries Ltd. | 3.64% | 4.14% |
| Bharti Airtel Ltd. | 3.05% | 2.79% |
| Larsen and Toubro Ltd. | 2.52% | 2.30% |
| State Bank of India | 3.28% | 2.07% |
| Axis Bank Ltd. | 2.65% | 1.84% |
| Kotak Mahindra Bank Limited | 1.58% | 1.60% |
| Infosys Limited | 1.45% | 1.83% |
| Eternal Limited | 1.68% | 1.21% |
| ITC LIMITED | 1.10% | 1.32% |
| Tata Consultancy Services Ltd. | 1.08% | 1.09% |
| Sun Pharmaceutical Industries Ltd. | 1.55% | 1.00% |
| Mahindra & Mahindra Ltd. | 0.82% | 1.38% |
| Maruti Suzuki India Limited | 1.42% | 0.81% |
| NTPC Limited | 2.00% | 0.80% |
| HCL Technologies Ltd. | 1.21% | 0.68% |
| Tata Steel Ltd. | 0.68% | 0.80% |
| Divis Laboratories Ltd. | 0.81% | 0.62% |
| InterGlobe Aviation Ltd. | 1.18% | 0.59% |
| UltraTech Cement Limited | 0.56% | 0.68% |
| Coal India Ltd. | 1.77% | 0.53% |
| Hindustan Aeronautics Limited | 0.45% | 0.46% |
| SBI Life Insurance Company Ltd. | 0.88% | 0.40% |
| Bajaj Auto Limited | 0.40% | 0.62% |
| Cholamandalam Investment & Finance Co. Ltd. | 0.43% | 0.37% |
| Bajaj Finserv Ltd. | 0.34% | 0.53% |
| Bharat Petroleum Corporation Ltd. | 0.61% | 0.32% |
| Indusind Bank Ltd. | 0.57% | 0.31% |
| Au Small Finance Bank Ltd. | 0.48% | 0.31% |
| Hindustan Unilever Ltd. | 0.31% | 0.87% |
| Britannia Industries Ltd. | 0.38% | 0.30% |
| Oil & Natural Gas Corporation Ltd. | 0.29% | 0.46% |
| Bharat Forge Ltd. | 0.35% | 0.28% |
| Life Insurance Corporation of India | 1.17% | 0.26% |
| Lupin Ltd. | 1.13% | 0.26% |
| Power Finance Corporation Ltd. | 0.59% | 0.25% |
| GAIL (India) Ltd. | 0.82% | 0.24% |
| Aurobindo Pharma Ltd. | 0.44% | 0.24% |
| Bank of Baroda | 0.67% | 0.22% |
| Jindal Steel Limited. | 0.47% | 0.22% |
| Bosch Limited | 0.30% | 0.21% |
| United Spirits Limited | 0.28% | 0.21% |
| Embassy Office Parks REIT | 0.83% | 0.20% |
| Trent Ltd. | 0.20% | 0.46% |
| REC Limited. | 0.50% | 0.19% |
| Hindustan Petroleum Corp. Ltd. | 0.60% | 0.18% |
| Glenmark Pharmaceuticals Ltd. | 0.20% | 0.18% |
| Tech Mahindra Ltd. | 0.18% | 0.51% |
| Apar Industries Limited | 0.64% | 0.17% |
| Alkem Laboratories Ltd. | 0.28% | 0.16% |
| Tata Motors Limited | 0.16% | 0.46% |
| Ashok Leyland Ltd | 0.16% | 0.23% |
| Hyundai Motor India Limited | 0.79% | 0.15% |
| Vishal Mega Mart Limited | 0.37% | 0.15% |
| MphasiS Limited. | 0.27% | 0.15% |
| Asian Paints Limited | 0.15% | 0.57% |
| Ipca Laboratories Ltd. | 0.47% | 0.14% |
| NHPC Ltd. | 0.21% | 0.14% |
| Billionbrains Garage Ventures Limited (Groww) | 0.20% | 0.14% |
| Cipla Ltd. | 0.14% | 0.40% |
| CG Power and Industrial Solutions Ltd. | 0.14% | 0.31% |
| HDFC Life Insurance Company Limited | 0.14% | 0.29% |
| DLF LIMITED | 0.13% | 0.23% |
| Shriram Finance Ltd. | 0.13% | 0.72% |
| BROOKFIELD INDIA REAL ESTATE TRUST | 0.51% | 0.12% |
| Ambuja Cements Ltd. | 0.30% | 0.12% |
| Dr Reddys Laboratories Ltd. | 0.12% | 0.39% |
| JSW Infrastructure Limited | 0.59% | 0.11% |
| Godrej Properties Ltd. | 0.20% | 0.11% |
| Tata Motors Passenger Vehicles Limited | 0.11% | 0.31% |
| Avenue Supermarts Ltd. | 0.11% | 0.32% |
| INFO EDGE (INDIA) LIMITED | 0.11% | 0.25% |
| Jio Financial Services Limited | 0.11% | 0.37% |
| Swiggy Limited | 0.10% | 0.20% |
| JSW Energy Ltd. | 0.10% | 0.16% |
| Bandhan Bank Ltd. | 0.13% | 0.09% |
| SBI CARDS AND PAYMENT SERVICES LIMITED | 0.11% | 0.09% |
| LG Electronics India Limited | 0.11% | 0.09% |
| Jubilant Foodworks Limited | 0.09% | 0.09% |
| Kalpataru Projects International Ltd | 0.26% | 0.08% |
| Apollo Tyres Ltd. | 0.36% | 0.07% |
| Crompton Greaves Consumer Elec. Ltd. | 0.15% | 0.07% |
| ITC Hotels Limited | 0.07% | 0.10% |
| KAYNES TECHNOLOGY INDIA LIMITED | 0.39% | 0.06% |
| Home First Finance Company India Ltd | 0.07% | 0.06% |
| VODAFONE IDEA LIMITED | 0.06% | 0.19% |
| Torrent Power Ltd. | 0.06% | 0.12% |
| Five-Star Business Finance Limited | 0.34% | 0.05% |
| Bharat Dynamics Limited | 0.23% | 0.05% |
| Indraprastha Gas Ltd. | 0.09% | 0.05% |
| Persistent Systems Limited | 0.05% | 0.30% |
| Bharti Hexacom Limited | 0.05% | 0.06% |
| 360 ONE WAM LIMITED | 0.05% | 0.14% |
| BEML Limited | 0.42% | 0.04% |
| Hexaware Technologies Ltd. | 0.26% | 0.04% |
| Cohance Lifesciences Limited | 0.18% | 0.04% |
| CESC Ltd. | 0.17% | 0.04% |
| Aditya Birla Sun Life AMC Limited | 0.12% | 0.04% |
| Whirlpool of India Ltd. | 0.12% | 0.04% |
| Zee Entertainment Enterprises Ltd. | 0.06% | 0.04% |
| Housing and Urban Development Corporation Ltd. | 0.05% | 0.04% |
| Voltas Ltd. | 0.04% | 0.13% |
| ICICI PRUDENTIAL ASSET MANAGEMENT COMPANY LIMITED | 0.04% | 0.10% |
| PB Fintech Limited | 0.04% | 0.20% |
| Adani Ports & Special Economic Zone | 0.04% | 0.74% |
| CANARA HSBC LIFE INSURANCE COMPANY LIMITED | 0.43% | 0.03% |
| Techno Electric & Engin. Co. Ltd. | 0.42% | 0.03% |
| Titagarh Wagons Limited | 0.34% | 0.03% |
| Rubicon Research Limited | 0.28% | 0.03% |
| Aavas Financiers Ltd. | 0.24% | 0.03% |
| PCBL Chemical Limited | 0.20% | 0.03% |
| Garden Reach Shipbuilders & Engineers Limited | 0.14% | 0.03% |
| UTI Asset Management Company Ltd | 0.09% | 0.03% |
| TENNECO CLEAN AIR INDIA LIMITED | 0.08% | 0.03% |
| Devyani International Ltd | 0.04% | 0.03% |
| Colgate-Palmolive ( I ) Ltd. | 0.03% | 0.12% |
| TEGA INDUSTRIES LIMITED | 0.25% | 0.02% |
| Aegis Vopak Terminals Limited | 0.08% | 0.02% |
| Nuvoco Vistas Corporation Ltd. | 0.07% | 0.02% |
| Chambal Fertilizers & Chemicals Ltd. | 0.02% | 0.03% |
| Emcure Pharmaceuticals Limited | 0.02% | 0.04% |
| Coromandel International Limited | 0.02% | 0.11% |
| Varun Beverages Ltd | 0.02% | 0.31% |
| Bajaj Housing Finance Ltd. | 0.02% | 0.05% |
| L&T Finance Ltd. | 0.02% | 0.12% |
| Aditya Infotech Limited | 0.02% | 0.05% |
| RHI MAGNESITA INDIA Limited | 0.04% | 0.01% |
| HEG Advanced Materials Limited | 0.02% | 0.01% |
| Paradeep Phosphates Limited | 0.01% | 0.03% |
| Tata Chemicals Ltd. | 0.01% | 0.05% |
| RITES Limited | 0.01% | 0.01% |
| Star Health and Allied Insurance Company Ltd | 0.01% | 0.07% |
| UPL Ltd. | 0.01% | 0.16% |
| Union Bank of India | 0.01% | 0.17% |
| Aster DM Quality Care Limited | 0.01% | 0.10% |
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 140833 | 2.04% |
| 7.34% GOI MAT 220464 | 0.74% |
| LIC Housing Finance Ltd. | 0.63% |
| State Bank of India (Tier 2 - Basel III) | 0.58% |
| 6.9% GOI MAT 150465 | 0.55% |
Largest holdings only in UTI Nifty 500 Index Fund
| Security | % of fund |
|---|---|
| EQ - BAJAJ FINANCE LTD. | 1.37% |
| EQ - TITAN COMPANY LTD. | 0.99% |
| EQ - BHARAT ELECTRONICS LTD. | 0.73% |
| EQ - HINDALCO INDUSTRIES LTD. | 0.71% |
| EQ - BSE LTD | 0.66% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Balanced Advantage | UTI Nifty 500 Index |
|---|---|---|
| Equity | 73.4% | 99.6% |
| Debt | 23.6% | 0.0% |
| Cash and others | 2.9% | 0.4% |
Market cap of stocks
| Market cap | HDFC Balanced Advantage | UTI Nifty 500 Index |
|---|---|---|
| Large Cap | 54.4% | 67.3% |
| Mid Cap | 9.4% | 20.9% |
| Small Cap | 9.4% | 11.3% |
| Not on AMFI's list | 0.2% | 0.1% |
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 | UTI Nifty 500 Index |
|---|---|---|
| Banks | 18.8% | 19.3% |
| Finance | 3.0% | 6.5% |
| Pharmaceuticals & Biotechnology | 5.6% | 5.8% |
| IT - Software | 4.5% | 5.7% |
| Petroleum Products | 5.2% | 5.0% |
| Automobiles | 3.5% | 4.9% |
| Construction | 3.7% | 2.7% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Balanced Advantage vs UTI Nifty 500 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Balanced Advantage Fund | UTI Nifty 500 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.77% | 1.85% |
| Base expense ratio (Direct) | 0.64% | 0.13% |
| Total expense ratio (Regular) | 1.30% | 2.56% |
| Base expense ratio (Regular) | 1.09% | 0.73% |
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
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HDFC Balanced Advantage Fund vs UTI Nifty 500 Index Fund: Frequently Asked Questions
What is the difference between HDFC Balanced Advantage Fund and UTI Nifty 500 Index Fund?
HDFC Balanced Advantage Fund is a Balanced Advantage fund, UTI Nifty 500 Index Fund is an Index fund, run by HDFC Mutual Fund and UTI Mutual Fund. Their portfolios overlap 48.6%. HDFC Balanced Advantage Fund charges 0.77% a year and UTI Nifty 500 Index Fund 1.85%.
Which has the lower expense ratio, HDFC Balanced Advantage Fund or UTI Nifty 500 Index Fund?
HDFC Balanced Advantage Fund charges less: 0.77% a year against 1.85%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Balanced Advantage Fund and UTI Nifty 500 Index Fund overlap?
48.6%. They hold 136 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, HDFC Balanced Advantage Fund or UTI Nifty 500 Index Fund?
On SEBI's riskometer, HDFC Balanced Advantage Fund is rated Very High and UTI Nifty 500 Index Fund Very High. Over their common history, the standard deviation of daily returns was 14.22% and 13.15% a year.
Can I invest in both HDFC Balanced Advantage Fund and UTI Nifty 500 Index Fund?
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 UTI Nifty 500 Index Fund?
HDFC Balanced Advantage Fund: Gopal Agrawal, Ihab Dalwai, Nandita Menezes, – Mr. Arun Agarwal, Anil Bamboli. UTI Nifty 500 Index Fund: Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3.
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.