HDFC Balanced Advantage Fund vs UTI - Unit Linked Insurance Plan
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Balanced Advantage Fund and UTI - Unit Linked Insurance Plan are both Balanced Advantage funds. In the 3 years to 30-10-2026, HDFC Balanced Advantage Fund (Direct) returned 10.5% a year and UTI - Unit Linked Insurance Plan (Direct) returned 7.8% a year. HDFC Balanced Advantage Fund charges 0.77% a year and UTI - Unit Linked Insurance Plan 1.11% (Direct plans). Their portfolios overlap 14.8%: they hold 24 of the same securities.
HDFC Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 10.5%
- Expense ratio
- 0.77%
- NAV
- ₹546.24
UTI - Unit Linked Insurance Plan
Balanced Advantage
- 3 year return
- 7.8%
- Expense ratio
- 1.11%
- NAV
- ₹45.91
Which is better, HDFC Balanced Advantage or UTI - Unit Linked Insurance Plan? 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 5.7%.
- HDFC Balanced Advantage returned more over 3 years: 10.5% a year against 7.8%.
- HDFC Balanced Advantage costs less: 0.77% a year against 1.11% (Direct plans).
- UTI - Unit Linked Insurance Plan swung less over 3 years: a standard deviation of 5.6% a year against 9.8%.
- UTI - Unit Linked Insurance Plan fell less in its worst fall since 09-01-2013: −17.9% against −34.2%.
- HDFC Balanced Advantage holds more in large companies: 54.4% of the fund in large caps against 23.8%.
- HDFC Balanced Advantage is the larger fund: ₹1,02,534 Cr against ₹4,930 Cr.
- Their portfolios overlap 14.8%: 24 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 - Unit Linked Insurance Plan |
|---|---|---|
| Fund house | HDFC Mutual Fund | UTI Mutual Fund |
| Category | Balanced Advantage | Balanced Advantage |
| AUM | ₹1,02,534 Cr (30-09-2026) | ₹4,930 Cr (30-09-2026) |
| NAV | ₹546.24 (Direct) | ₹45.91 (Direct) |
| Expense ratio (Direct) | 0.77% | 1.11% |
| Expense ratio (Regular) | 1.30% | 1.60% |
| Riskometer | Very High | High |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | NIFTY 50 Hybrid Composite Debt 50:50 Index |
| Launch date | 01-02-1994 | 01-10-1971 |
| Minimum investment | ₹100 | Minimum target amount under the scheme is 15000 which is required to be invested over 10/15 year period. |
| Lock in | None | None |
| Fund managers | Gopal Agrawal, Ihab Dalwai, Nandita Menezes, – Mr. Arun Agarwal, Anil Bamboli | Anurag Mittal FM 1, Ajay Tyagi FM 2, Kamal Gada FM 3 Mr. Akash Shah FM 4 |
| Exit load | Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 1 year. | If withdrawn prematurely – 2% On or after maturity – Nil |
HDFC Balanced Advantage vs UTI - Unit Linked Insurance Plan: 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 - Unit Linked Insurance Plan (Direct) | −0.03% | −2.17% | +3.96% | −0.53% | +7.84% | +5.73% | +7.58% |
| 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 - Unit Linked Insurance Plan: Year-wise Returns
| Year | HDFC Balanced AdvantageHDFC Balanced Advantage | UTI - Unit Linked Insurance PlanUTI - Unit Linked Insurance Plan |
|---|---|---|
| 2026to date | −5.77% | +0.38% |
| 2025 | +7.87% | +5.12% |
| 2024 | +17.44% | +12.24% |
| 2023 | +32.13% | +12.76% |
| 2022 | +19.56% | −1.60% |
| 2021 | +27.11% | +15.42% |
HDFC Balanced Advantage vs UTI - Unit Linked Insurance Plan: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,661 of them, one for each trading day from 11-01-2016 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)
UTI - Unit Linked Insurance Plan (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 | 6.4 | 33.5 | 27.9 | 14.5 | 10.5 | 15.9% | 15.5% | −3.7% | 33.8% |
| UTI - Unit Linked Insurance Plan | 0.2 | 12.2 | 60.3 | 27.4 | 0.0 | 0.0 | 0.0 | 8.4% | 8.8% | −0.7% | 14.9% |
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. Every fund is measured over the days all of them have, from 09-01-2013. Past returns do not promise future returns.
HDFC Balanced Advantage vs UTI - Unit Linked Insurance Plan: 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% |
| UTI - Unit Linked Insurance PlanUTI - Unit Linked Insurance Plan (Direct) | ₹16,60,000 | ₹28,98,406 | ₹12,38,406 | 7.7% |
HDFC Balanced AdvantageHDFC Balanced Advantage Fund (Direct)
UTI - Unit Linked Insurance PlanUTI - Unit Linked Insurance Plan (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 UTI - Unit Linked Insurance Plan: 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 - Unit Linked Insurance Plan (Direct) |
|---|---|---|
| Return (CAGR) | −5.25% | −0.53% |
| Standard deviation | 9.95% | 6.39% |
| Sharpe ratio | -1.05 | -0.90 |
| Sortino ratio | -1.39 | -1.23 |
| Maximum drawdown | −10.2% (30-03-2026) | −8.2% (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) | UTI - Unit Linked Insurance Plan (Direct) |
|---|---|---|
| Return (CAGR) | +10.53% | +7.84% |
| Standard deviation | 9.77% | 5.63% |
| Sharpe ratio | 0.46 | 0.32 |
| Sortino ratio | 0.61 | 0.46 |
| Maximum drawdown | −10.2% (30-03-2026) | −8.2% (30-03-2026) |
| 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) | UTI - Unit Linked Insurance Plan (Direct) |
|---|---|---|
| Return (CAGR) | +13.03% | +5.73% |
| Standard deviation | 9.68% | 5.69% |
| Sharpe ratio | 0.75 | -0.01 |
| Sortino ratio | 1.01 | -0.02 |
| Maximum drawdown | −10.2% (30-03-2026) | −9.7% (17-06-2022) |
| 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) | UTI - Unit Linked Insurance Plan (Direct) |
|---|---|---|
| Return (CAGR) | +13.51% | +7.05% |
| Standard deviation | 14.22% | 7.17% |
| Sharpe ratio | 0.52 | 0.14 |
| Sortino ratio | 0.71 | 0.17 |
| Maximum drawdown | −34.2% (23-03-2020) | −17.9% (23-03-2020) |
| 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)
UTI - Unit Linked Insurance Plan (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% |
| UTI - Unit Linked Insurance Plan (Direct) | −17.9% | 12-02-2020 | 23-03-2020 | 16-09-2020 | 6 months | −3.4% |
From daily values since 09-01-2013, 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)
UTI - Unit Linked Insurance Plan (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)
UTI - Unit Linked Insurance Plan (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)
UTI - Unit Linked Insurance Plan (Direct)
HDFC Balanced Advantage vs UTI - Unit Linked Insurance Plan: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Balanced Advantage Fund, September 2026; UTI - Unit Linked Insurance Plan, September 2026
Holdings in common
- Overlap
- 14.8%
- Held by both
- 24
- Only in HDFC Balanced Advantage
- 287
- Only in UTI - Unit Linked Insurance Plan
- 84
| Security | % of HDFC Balanced Advantage | % of UTI - Unit Linked Insurance Plan |
|---|---|---|
| ICICI Bank Ltd. | 5.06% | 2.53% |
| HDFC Bank Ltd. | 4.32% | 2.03% |
| Eternal Limited | 1.68% | 2.89% |
| Kotak Mahindra Bank Limited | 1.58% | 1.51% |
| Bharti Airtel Ltd. | 3.05% | 1.46% |
| Maruti Suzuki India Limited | 1.42% | 0.87% |
| Mahindra & Mahindra Ltd. | 0.82% | 1.04% |
| Divis Laboratories Ltd. | 0.81% | 0.75% |
| Ipca Laboratories Ltd. | 0.47% | 0.45% |
| Au Small Finance Bank Ltd. | 0.48% | 0.43% |
| 7.18% GOI MAT 240737 | 0.42% | 8.09% |
| Small Industries Development Bank | 0.39% | 1.00% |
| Aavas Financiers Ltd. | 0.24% | 0.28% |
| Trent Ltd. | 0.20% | 0.91% |
| Indian Railways Finance Corp. Ltd. | 0.19% | 0.51% |
| Asian Paints Limited | 0.15% | 0.25% |
| Avenue Supermarts Ltd. | 0.11% | 1.19% |
| INFO EDGE (INDIA) LIMITED | 0.11% | 1.55% |
| 6.94% GOI MAT 110536 | 0.10% | 1.00% |
| Tata Capital Ltd. | 0.10% | 1.01% |
| Jubilant Foodworks Limited | 0.09% | 0.28% |
| Indian Railways Finance Corp. Ltd. | 0.07% | 0.50% |
| Persistent Systems Limited | 0.05% | 1.45% |
| 7.48% Uttar Pradesh SDL ISD 200324 Mat 200336 | 0.03% | 0.59% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 14.8% means 14.8% 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 |
|---|---|
| Reliance Industries Ltd. | 3.64% |
| State Bank of India | 3.28% |
| Axis Bank Ltd. | 2.65% |
| Larsen and Toubro Ltd. | 2.52% |
| 7.18% GOI MAT 140833 | 2.04% |
Largest holdings only in UTI - Unit Linked Insurance Plan
| Security | % of fund |
|---|---|
| 07.32% GSEC MAT -13/11/2030 | 4.12% |
| 7.24% GSEC MAT- 18/08/2055 | 2.60% |
| NCD MAHINDRA AND MAHINDRA FINANCIAL SERVICES LTD | 2.53% |
| EQ - BAJAJ FINANCE LTD. | 2.34% |
| NCD INDIAN RAILWAY FINANCE CORPORATION LIMITED | 2.01% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Balanced Advantage | UTI - Unit Linked Insurance Plan |
|---|---|---|
| Equity | 73.4% | 38.0% |
| Debt | 23.6% | 53.3% |
| Cash and others | 2.9% | 8.7% |
Market cap of stocks
| Market cap | HDFC Balanced Advantage | UTI - Unit Linked Insurance Plan |
|---|---|---|
| Large Cap | 54.4% | 23.8% |
| Mid Cap | 9.4% | 10.7% |
| Small Cap | 9.4% | 3.5% |
| 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 | UTI - Unit Linked Insurance Plan |
|---|---|---|
| Banks | 18.8% | 6.5% |
| Retailing | 2.8% | 6.7% |
| Pharmaceuticals & Biotechnology | 5.6% | 3.4% |
| Petroleum Products | 5.2% | 0.0% |
| IT - Software | 4.5% | 4.0% |
| Consumer Durables | 0.6% | 4.3% |
| Construction | 3.7% | 0.0% |
| Automobiles | 3.5% | 2.8% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Balanced Advantage vs UTI - Unit Linked Insurance Plan: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Balanced Advantage Fund | UTI - Unit Linked Insurance Plan |
|---|---|---|
| Total expense ratio (Direct) | 0.77% | 1.11% |
| Base expense ratio (Direct) | 0.64% | 0.92% |
| Total expense ratio (Regular) | 1.30% | 1.60% |
| Base expense ratio (Regular) | 1.09% | 1.37% |
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 UTI - Unit Linked Insurance Plan with
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HDFC Balanced Advantage Fund vs UTI - Unit Linked Insurance Plan: Frequently Asked Questions
What is the difference between HDFC Balanced Advantage Fund and UTI - Unit Linked Insurance Plan?
Both are Balanced Advantage funds, run by HDFC Mutual Fund and UTI Mutual Fund. Their portfolios overlap 14.8%. HDFC Balanced Advantage Fund charges 0.77% a year and UTI - Unit Linked Insurance Plan 1.11%.
Which has given higher returns, HDFC Balanced Advantage Fund or UTI - Unit Linked Insurance Plan?
Over 1 year: HDFC Balanced Advantage Fund −5.25%, UTI - Unit Linked Insurance Plan −0.53%. Over 3 years: HDFC Balanced Advantage Fund +10.53% a year, UTI - Unit Linked Insurance Plan +7.84% a year. Over 5 years: HDFC Balanced Advantage Fund +13.03% a year, UTI - Unit Linked Insurance Plan +5.73% 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 UTI - Unit Linked Insurance Plan?
HDFC Balanced Advantage Fund charges less: 0.77% a year against 1.11%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Balanced Advantage Fund and UTI - Unit Linked Insurance Plan overlap?
14.8%. They hold 24 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, ETERNAL. From each fund's latest monthly portfolio.
Which is riskier, HDFC Balanced Advantage Fund or UTI - Unit Linked Insurance Plan?
On SEBI's riskometer, HDFC Balanced Advantage Fund is rated Very High and UTI - Unit Linked Insurance Plan High. Over 3 years, the standard deviation of daily returns was 9.77% and 5.63% a year.
Which is better for SIP, HDFC Balanced Advantage Fund or UTI - Unit Linked Insurance Plan?
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 ₹7,14,591 in UTI - Unit Linked Insurance Plan (XIRR 6.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both HDFC Balanced Advantage Fund and UTI - Unit Linked Insurance Plan?
Yes. 14.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HDFC Balanced Advantage Fund and UTI - Unit Linked Insurance Plan?
HDFC Balanced Advantage Fund: Gopal Agrawal, Ihab Dalwai, Nandita Menezes, – Mr. Arun Agarwal, Anil Bamboli. UTI - Unit Linked Insurance Plan: Anurag Mittal FM 1, Ajay Tyagi FM 2, Kamal Gada FM 3 Mr. Akash Shah FM 4.
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.