HDFC NIFTY 100 ETF vs HSBC Balanced Advantage Fund

Direct Plan where a fund has one, Growth option · Data as on 30-10-2026

HDFC NIFTY 100 ETF is an ETF fund and HSBC Balanced Advantage Fund is a Balanced Advantage fund. In the 3 years to 30-10-2026, HDFC NIFTY 100 ETF returned 8.7% a year and HSBC Balanced Advantage Fund (Direct) returned 9.1% a year. HDFC NIFTY 100 ETF charges 0.31% a year and HSBC Balanced Advantage Fund 1.16%. Their portfolios overlap 40.2%: they hold 29 of the same securities.

HDFC NIFTY 100 ETF

ETF

3 year return: 8.7%
Expense ratio: 0.31%
NAV: ₹24.81

See HDFC NIFTY 100 ETF

HSBC Balanced Advantage Fund

Balanced Advantage

3 year return: 9.1%
Expense ratio: 1.16%
NAV: ₹50.41

See HSBC Balanced Advantage Fund

Which is better, HDFC NIFTY 100 ETF or HSBC 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.

HSBC Balanced Advantage returned more over 3 years: 9.1% a year against 8.7%.
HSBC Balanced Advantage returned more over 1 year: −1.6% against −9.0%.
HDFC NIFTY 100 ETF costs less: 0.31% a year against 1.16%.
HSBC Balanced Advantage swung less over 3 years: a standard deviation of 7.1% a year against 13.7%.
HSBC Balanced Advantage fell less in its worst fall since 28-11-2022: −8.7% against −17.3%.
HDFC NIFTY 100 ETF holds more in large companies: 98.0% of the fund in large caps against 47.5%.
HSBC Balanced Advantage is the larger fund: ₹1,474 Cr against ₹41 Cr.
Their portfolios overlap 40.2%: 29 of the same holdings.

Past returns do not promise future returns. This page is information, not investment advice.

NAV comparison

How each fund's NAV moved over the same days, as % change since the first day of the range

HDFC NIFTY 100 ETF
+31.6%
HSBC Balanced Advantage Fund (Direct)
+42.4%

Change in NAV from 28-11-2022 to 30-10-2026

0%+20%+40%+60%

Key facts

From each fund's scheme summary document and AMFI

Fact	HDFC NIFTY 100 ETF	HSBC Balanced Advantage Fund
Fund house	HDFC Mutual Fund	HSBC Mutual Fund
Category	ETF	Balanced Advantage
AUM	₹41 Cr (30-09-2026)	₹1,474 Cr (30-09-2026)
NAV	₹24.81	₹50.41 (Direct)
Expense ratio (Direct)	Not available	1.16%
Expense ratio (Regular)	Not available	2.49%
Riskometer	Very High	Very High
Benchmark	Nifty 100 TRI	NIFTY 50 Hybrid Composite Debt 50:50 Index
Launch date	05-08-2022	07-02-2011
Minimum investment	On an On-going Basis: A. On the Stock Exchange: All categories of investors may purchase the Units of the Scheme through the Stock Exchange(s) on which the units of the Scheme are listed, on any trading day in round lot of one (1) Unit and multiples there	₹5,000
Lock in	None	None
Fund managers	Abhishek Mor, Arun Agarwal	Neelotpal Sahai, Prakriti Banka, Praveen Ayathan, Mahesh Chhabria, Mohd. Asif Rizwi, Mayank Chaturvedi
Exit load	Not available	Exit load of 1% if units in excess of 10% are redeemed or switched-out within 1 year

HDFC NIFTY 100 ETF vs HSBC 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 NIFTY 100 ETF	+1.02%	−5.38%	−3.12%	−8.99%	+8.73%	--	--
HSBC Balanced Advantage Fund (Direct)	−1.08%	−2.67%	+0.46%	−1.58%	+9.10%	--	--
Balanced Advantage average	−0.55%	−2.88%	+0.08%	−2.08%	+9.14%	--	--

Category average: the average of the 38 Balanced Advantage funds, same plan type.

HDFC NIFTY 100 ETF vs HSBC Balanced Advantage: Year-wise Returns

Year	HDFC NIFTY 100 ETFHDFC NIFTY 100 ETF	HSBC Balanced AdvantageHSBC Balanced Advantage
2026to date	−9.57%	−1.98%
2025	+9.91%	+4.16%
2024	+12.55%	+16.96%
2023	+20.87%	+19.56%

HDFC NIFTY 100 ETF vs HSBC Balanced Advantage: Rolling Returns

Every holding period of both funds, against Nifty 100 TRI, the benchmark of HDFC NIFTY 100 ETF

Rolling returns

Every 3-year holding period, 227 of them, one for each trading day from 28-11-2025 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.

0%5%10%15%20%

Dec 2022
to
Dec 2025Feb 2023
to
Feb 2026Apr 2023
to
Apr 2026Jun 2023
to
Jun 2026Aug 2023
to
Aug 2026Oct 2023
to
Oct 2026

HDFC NIFTY 100 ETFHSBC Balanced Advantage Fund (Direct)Nifty 100 TRI

How the periods spread

Fund	5-10%	10-15%	15-20%	Mean	Median	Lowest	Highest	Beat benchmark
HDFC NIFTY 100 ETF	24.7	67.0	8.4	11.7%	11.5%	6.7%	16.0%	0%
HSBC Balanced Advantage	15.9	84.1	0.0	11.3%	11.1%	8.5%	13.8%	27%
Nifty 100 TRI	18.5	69.6	11.9	12.0%	11.9%	7.1%	16.3%	--

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 Nifty 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 28-11-2022. Past returns do not promise future returns.

HDFC NIFTY 100 ETF vs HSBC 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

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 01-11-2022 to 30-10-2026: 48 instalments, ₹4,80,000 in all.

Investment	Invested	Value now	Gain	Return a year
HDFC NIFTY 100 ETFHDFC NIFTY 100 ETF	₹4,80,000	₹5,19,110	₹39,110	3.9%
HSBC Balanced AdvantageHSBC Balanced Advantage Fund (Direct)	₹4,80,000	₹5,43,966	₹63,966	6.2%

₹0₹2.0 L₹4.0 L₹6.0 L

2023202420252026

HDFC NIFTY 100 ETFHDFC NIFTY 100 ETFHSBC Balanced AdvantageHSBC 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 NIFTY 100 ETF vs HSBC Balanced Advantage: Risk and Drawdowns

How much each fund swings, and the worst fall over the same days

Risk and return

Measure	HDFC NIFTY 100 ETF	HSBC Balanced Advantage Fund (Direct)
Return (CAGR)	−8.99%	−1.58%
Standard deviation	14.04%	7.17%
Sharpe ratio	-1.01	-0.95
Sortino ratio	-1.35	-1.27
Maximum drawdown	−15.0% (31-03-2026)	−7.0% (30-03-2026)
Beta	1.00	--
Alpha	−0.30%	--

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 NIFTY 100 ETF	HSBC Balanced Advantage Fund (Direct)
Return (CAGR)	+8.73%	+9.10%
Standard deviation	13.69%	7.08%
Sharpe ratio	0.20	0.44
Sortino ratio	0.27	0.59
Maximum drawdown	−17.3% (28-02-2025)	−8.7% (03-03-2025)
Beta	1.00	--
Alpha	−0.35%	--

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 NIFTY 100 ETF	HSBC Balanced Advantage Fund (Direct)
Return (CAGR)	+8.29%	+9.44%
Standard deviation	12.92%	6.55%
Sharpe ratio	0.17	0.50
Sortino ratio	0.23	0.67
Maximum drawdown	−17.3% (28-02-2025)	−8.7% (03-03-2025)
Beta	1.00	--
Alpha	−0.33%	--

From daily NAVs, 05-08-2022 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.

−20%−15%−10%−5%0%

2023202420252026

HDFC NIFTY 100 ETFHSBC Balanced Advantage Fund (Direct)Nifty 100 TRI

Fund	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
HDFC NIFTY 100 ETF	−17.3%	26-09-2024	28-02-2025	Not yet	--	−10.6%
HSBC Balanced Advantage Fund (Direct)	−8.7%	11-12-2024	03-03-2025	15-07-2025	4 months	−4.1%
Nifty 100 TRI	−17.2%	26-09-2024	28-02-2025	02-01-2026	10 months	−10.1%

From daily values since 28-11-2022, 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 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.

0%5%10%15%

2026

HDFC NIFTY 100 ETFHSBC Balanced Advantage Fund (Direct)Nifty 100 TRI

Against Nifty 100 TRI

Fund	Up capture	Down capture	Tracking error
HDFC NIFTY 100 ETF	99%	101%	0.03%
HSBC Balanced Advantage Fund (Direct)	61%	32%	8.09%

From month-end values since 28-11-2022. 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 NIFTY 100 ETF vs HSBC Balanced Advantage: Portfolio Overlap

From each fund's latest monthly portfolio: HDFC NIFTY 100 ETF, September 2026; HSBC Balanced Advantage Fund, September 2026

Holdings in common

Overlap: 40.2%
Held by both: 29
Only in HDFC NIFTY 100 ETF: 71
Only in HSBC Balanced Advantage: 44

Security	% of HDFC NIFTY 100 ETF	% of HSBC Balanced Advantage
HDFC Bank Ltd.	8.41%	5.61%
ICICI Bank Ltd.	7.34%	4.75%
Reliance Industries Ltd.	6.15%	4.03%
Axis Bank Ltd.	2.73%	4.16%
Larsen and Toubro Ltd.	3.41%	2.55%
Kotak Mahindra Bank Limited	2.38%	2.59%
Eternal Limited	1.80%	2.05%
Bharti Airtel Ltd.	4.14%	1.40%
Infosys Limited	2.72%	1.35%
Mahindra & Mahindra Ltd.	2.04%	1.30%
State Bank of India	3.07%	1.27%
Shriram Finance Ltd.	1.07%	2.00%
Sun Pharmaceutical Industries Ltd.	1.49%	0.92%
JSW Steel Ltd.	0.93%	0.85%
Hindustan Unilever Ltd.	1.29%	0.78%
Eicher Motors Ltd.	0.76%	0.73%
NTPC Limited	1.19%	0.71%
Tata Motors Limited	0.68%	0.86%
Tech Mahindra Ltd.	0.75%	0.62%
Hindalco Industries Ltd.	1.06%	0.59%
UltraTech Cement Limited	1.01%	0.59%
Max Healthcare Institute Limited	0.54%	0.63%
SBI Life Insurance Company Ltd.	0.59%	0.52%
Tata Consumer Products Limited	0.48%	0.81%
ITC LIMITED	1.96%	0.47%
The Tata Power Company Ltd.	0.47%	1.82%
HDFC Asset Management Company Ltd.	0.36%	0.54%
DLF LIMITED	0.33%	2.43%
Polycab India Limited	0.33%	0.98%

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40.2% means 40.2% 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 ETF

Security	% of fund
Bajaj Finance Ltd.	2.03%
Tata Consultancy Services Ltd.	1.62%
Titan Company Ltd.	1.47%
Maruti Suzuki India Limited	1.21%
Tata Steel Ltd.	1.18%

Largest holdings only in HSBC Balanced Advantage Fund

Security	% of fund
Aurobindo Pharma Limited	4.14%
NABARD	3.47%
7.06% GOI - 10-Apr-2028	3.39%
7.37% GOI 23OCT2028	2.84%
REC Limited	2.12%

Asset and sector split

Share of each fund, from its latest monthly portfolio

Asset allocation

Asset	HDFC NIFTY 100 ETF	HSBC Balanced Advantage
Equity	100.0%	72.7%
Debt	0.0%	25.5%
Cash and others	0.0%	1.9%

Market cap of stocks

Market cap	HDFC NIFTY 100 ETF	HSBC Balanced Advantage
Large Cap	98.0%	47.5%
Mid Cap	2.0%	13.2%
Small Cap	0.0%	10.7%
Not on AMFI's list	0.0%	1.3%

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 ETF	HSBC Balanced Advantage
Banks	25.1%	19.8%
Petroleum Products	7.0%	4.0%
IT - Software	6.7%	2.5%
Automobiles	6.4%	2.0%
Finance	6.2%	3.9%
Pharmaceuticals & Biotechnology	4.3%	6.0%
Retailing	3.0%	5.5%
Telecom - Services	4.4%	1.4%
Realty	0.3%	3.7%

The six largest sectors of each fund's stocks, % of the fund.

HDFC NIFTY 100 ETF vs HSBC Balanced Advantage: Expense Ratio

What each plan charges a year, from AMFI's expense ratio file

Charge	HDFC NIFTY 100 ETF	HSBC Balanced Advantage Fund
Total expense ratio (Direct)	Not available	1.16%
Base expense ratio (Direct)	0.00%	0.71%
Total expense ratio (Regular)	Not available	2.49%
Base expense ratio (Regular)	0.25%	1.83%

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

Compare HSBC Balanced Advantage with

HDFC NIFTY 100 ETF vs HSBC Balanced Advantage Fund: Frequently Asked Questions

What is the difference between HDFC NIFTY 100 ETF and HSBC Balanced Advantage Fund?

HDFC NIFTY 100 ETF is an ETF fund, HSBC Balanced Advantage Fund is a Balanced Advantage fund, run by HDFC Mutual Fund and HSBC Mutual Fund. Their portfolios overlap 40.2%. HDFC NIFTY 100 ETF charges 0.31% a year and HSBC Balanced Advantage Fund 1.16%.

Which has given higher returns, HDFC NIFTY 100 ETF or HSBC Balanced Advantage Fund?

Over 1 year: HDFC NIFTY 100 ETF −8.99%, HSBC Balanced Advantage Fund −1.58%. Over 3 years: HDFC NIFTY 100 ETF +8.73% a year, HSBC Balanced Advantage Fund +9.10% a year. As on 30-10-2026. Past returns do not promise future returns.

Which has the lower expense ratio, HDFC NIFTY 100 ETF or HSBC Balanced Advantage Fund?

HDFC NIFTY 100 ETF charges less: 0.31% a year against 1.16%. These are the total expense ratios reported to AMFI.

How much do HDFC NIFTY 100 ETF and HSBC Balanced Advantage Fund overlap?

40.2%. They hold 29 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.

Which is riskier, HDFC NIFTY 100 ETF or HSBC Balanced Advantage Fund?

On SEBI's riskometer, HDFC NIFTY 100 ETF is rated Very High and HSBC Balanced Advantage Fund Very High. Over 3 years, the standard deviation of daily returns was 13.69% and 7.08% a year.

Which is better for SIP, HDFC NIFTY 100 ETF or HSBC Balanced Advantage Fund?

Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,71,409 in HDFC NIFTY 100 ETF (XIRR 0.2% a year) and ₹3,91,656 in HSBC Balanced Advantage Fund (XIRR 3.6% a year). Both received 37 instalments. Past returns do not promise future returns.

Can I invest in both HDFC NIFTY 100 ETF and HSBC Balanced Advantage Fund?

Yes. 40.2% of each fund's money sits in the same holdings, so a large part of the two investments would move together.

Who manages HDFC NIFTY 100 ETF and HSBC Balanced Advantage Fund?

HDFC NIFTY 100 ETF: Abhishek Mor, Arun Agarwal. HSBC Balanced Advantage Fund: Neelotpal Sahai, Prakriti Banka, Praveen Ayathan, Mahesh Chhabria, Mohd. Asif Rizwi, Mayank Chaturvedi.

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.