HDFC NIFTY 100 Equal Weight Index Fund vs SBI Balanced Hybrid Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC NIFTY 100 Equal Weight Index Fund is an Index fund and SBI Balanced Hybrid Fund is a mutual fund. HDFC NIFTY 100 Equal Weight Index Fund charges 0.57% a year and SBI Balanced Hybrid Fund 1.46% (Direct plans). Their portfolios overlap 15.0%: they hold 15 of the same securities.
HDFC NIFTY 100 Equal Weight Index Fund
Index
- Expense ratio
- 0.57%
- NAV
- ₹16.52
Which is better, HDFC NIFTY 100 Equal Weight Index or SBI Balanced Hybrid? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HDFC NIFTY 100 Equal Weight Index costs less: 0.57% a year against 1.46% (Direct plans).
- SBI Balanced Hybrid fell less in its worst fall since 04-09-2026: −3.9% against −8.5%.
- HDFC NIFTY 100 Equal Weight Index holds more in large companies: 94.0% of the fund in large caps against 18.7%.
- SBI Balanced Hybrid is the larger fund: ₹1,980 Cr against ₹517 Cr.
- Their portfolios overlap 15.0%: 15 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 NIFTY 100 Equal Weight Index Fund | SBI Balanced Hybrid Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | SBI Mutual Fund |
| Category | Index | Not available |
| AUM | ₹517 Cr (30-09-2026) | ₹1,980 Cr (30-09-2026) |
| NAV | ₹16.52 (Direct) | ₹9.82 (Direct) |
| Expense ratio (Direct) | 0.57% | 1.46% |
| Expense ratio (Regular) | 1.03% | 2.61% |
| Riskometer | Very High | Not available |
| Benchmark | NIFTY 100 Equal Weighted TRI | Not available |
| Launch date | 23-02-2022 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | None | Not available |
| Fund managers | Nandita Menezes, Arun Agarwal | Not available |
| Exit load | NIL | Not available |
HDFC NIFTY 100 Equal Weight Index vs SBI Balanced Hybrid: 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 NIFTY 100 Equal Weight Index Fund (Direct) | −1.07% | −6.84% | −2.88% | −4.26% | +13.25% | -- | -- |
| SBI Balanced Hybrid Fund (Direct) | −1.42% | -- | -- | -- | -- | -- | -- |
HDFC NIFTY 100 Equal Weight Index vs SBI Balanced Hybrid: Year-wise Returns
| Year | HDFC NIFTY 100 Equal Weight IndexHDFC NIFTY 100 Equal Weight Index | SBI Balanced HybridSBI Balanced Hybrid |
|---|---|---|
| 2026to date | −3.91% | -- |
| 2025 | +8.89% | -- |
| 2024 | +16.75% | -- |
| 2023 | +29.88% | -- |
HDFC NIFTY 100 Equal Weight Index vs SBI Balanced Hybrid: Rolling Returns
Every holding period of both funds, against Nifty100 Equal Weight TRI, the benchmark of HDFC NIFTY 100 Equal Weight Index Fund
HDFC NIFTY 100 Equal Weight Index vs SBI Balanced Hybrid: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC NIFTY 100 Equal Weight Index Fund (Direct) | SBI Balanced Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.35% | −12.09% |
| Standard deviation | 14.83% | 7.82% |
| Sharpe ratio | 0.36 | -2.23 |
| Sortino ratio | 0.49 | -2.71 |
| Maximum drawdown | −21.6% (28-02-2025) | −3.9% (23-10-2026) |
| Beta | 0.99 | -- |
| Alpha | −0.61% | -- |
From daily NAVs, 23-02-2022 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 NIFTY 100 Equal Weight Index Fund (Direct)
SBI Balanced Hybrid Fund (Direct)
Nifty100 Equal Weight TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC NIFTY 100 Equal Weight Index Fund (Direct) | −8.5% | 04-09-2026 | 23-10-2026 | Not yet | -- | −6.1% |
| SBI Balanced Hybrid Fund (Direct) | −3.9% | 10-09-2026 | 23-10-2026 | Not yet | -- | −2.2% |
| Nifty100 Equal Weight TRI | −8.5% | 04-09-2026 | 23-10-2026 | Not yet | -- | −6.1% |
From daily values since 04-09-2026, the first day every fund has.
HDFC NIFTY 100 Equal Weight Index vs SBI Balanced Hybrid: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC NIFTY 100 Equal Weight Index Fund, September 2026; SBI Balanced Hybrid Fund, September 2026
Holdings in common
- Overlap
- 15.0%
- Held by both
- 15
- Only in HDFC NIFTY 100 Equal Weight Index
- 85
- Only in SBI Balanced Hybrid
- 25
| Security | % of HDFC NIFTY 100 Equal Weight Index | % of SBI Balanced Hybrid |
|---|---|---|
| Kotak Mahindra Bank Limited | 1.06% | 1.69% |
| Solar Industries India Ltd. | 1.02% | 1.59% |
| ADANI ENTERPRISES LIMTIED | 1.02% | 1.17% |
| Sun Pharmaceutical Industries Ltd. | 1.01% | 1.38% |
| Bosch Limited | 1.00% | 1.19% |
| Cholamandalam Investment & Finance Co. Ltd. | 1.00% | 1.47% |
| Eicher Motors Ltd. | 1.00% | 1.30% |
| Divis Laboratories Ltd. | 0.99% | 1.17% |
| Torrent Pharmaceuticals Ltd. | 0.99% | 1.21% |
| HDFC Bank Ltd. | 0.99% | 1.72% |
| Bombay Stock Exchange Limited (BSE) | 0.99% | 1.17% |
| Vedanta Aluminium Metal Limited | 0.99% | 1.25% |
| Bajaj Finance Ltd. | 0.99% | 1.55% |
| Hyundai Motor India Limited | 0.98% | 1.03% |
| Tata Motors Limited | 0.98% | 1.02% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 15.0% means 15.0% 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 NIFTY 100 Equal Weight Index Fund
| Security | % of fund |
|---|---|
| Dr Reddys Laboratories Ltd. | 1.05% |
| InterGlobe Aviation Ltd. | 1.03% |
| Adani Ports & Special Economic Zone | 1.03% |
| Adani Power (Mundra) Limited | 1.03% |
| Axis Bank Ltd. | 1.03% |
Largest holdings only in SBI Balanced Hybrid Fund
| Security | % of fund |
|---|---|
| HDFC Bank Ltd. | 7.58% |
| Indian Overseas Bank | 7.58% |
| Cholamandalam Investment & Finance Co. Ltd.Perpetual | 6.19% |
| L&T Metro Rail (Hyderabad) Ltd. | 4.99% |
| Interise Trust | 4.55% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC NIFTY 100 Equal Weight Index | SBI Balanced Hybrid |
|---|---|---|
| Equity | 99.9% | 41.8% |
| Debt | 0.0% | 37.2% |
| Cash and others | 0.1% | 21.0% |
Market cap of stocks
| Market cap | HDFC NIFTY 100 Equal Weight Index | SBI Balanced Hybrid |
|---|---|---|
| Large Cap | 94.0% | 18.7% |
| Mid Cap | 6.0% | 4.9% |
| Small Cap | 0.0% | 18.2% |
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 NIFTY 100 Equal Weight Index | SBI Balanced Hybrid |
|---|---|---|
| Finance | 10.0% | 4.7% |
| Auto Components | 2.0% | 9.3% |
| Banks | 9.0% | 3.4% |
| Pharmaceuticals & Biotechnology | 6.0% | 8.9% |
| Automobiles | 7.0% | 2.3% |
| Power | 6.0% | 0.0% |
| IT - Software | 6.0% | 0.0% |
| Chemicals & Petrochemicals | 2.0% | 3.1% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC NIFTY 100 Equal Weight Index vs SBI Balanced Hybrid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC NIFTY 100 Equal Weight Index Fund | SBI Balanced Hybrid Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.57% | 1.46% |
| Base expense ratio (Direct) | 0.36% | 0.56% |
| Total expense ratio (Regular) | 1.03% | 2.61% |
| Base expense ratio (Regular) | 0.75% | 1.54% |
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.
HDFC NIFTY 100 Equal Weight Index Fund vs SBI Balanced Hybrid Fund: Frequently Asked Questions
What is the difference between HDFC NIFTY 100 Equal Weight Index Fund and SBI Balanced Hybrid Fund?
HDFC NIFTY 100 Equal Weight Index Fund is an Index fund, SBI Balanced Hybrid Fund is a mutual fund, run by HDFC Mutual Fund and SBI Mutual Fund. Their portfolios overlap 15.0%. HDFC NIFTY 100 Equal Weight Index Fund charges 0.57% a year and SBI Balanced Hybrid Fund 1.46%.
Which has the lower expense ratio, HDFC NIFTY 100 Equal Weight Index Fund or SBI Balanced Hybrid Fund?
HDFC NIFTY 100 Equal Weight Index Fund charges less: 0.57% a year against 1.46%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC NIFTY 100 Equal Weight Index Fund and SBI Balanced Hybrid Fund overlap?
15.0%. They hold 15 of the same securities, the largest shared ones being KOTAKBANK, SOLARINDS, ADANIENT. From each fund's latest monthly portfolio.
Can I invest in both HDFC NIFTY 100 Equal Weight Index Fund and SBI Balanced Hybrid Fund?
Yes. 15.0% 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.