HDFC NIFTY 100 Index Fund vs HSBC Balanced Advantage Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC NIFTY 100 Index Fund is an Index fund and HSBC Balanced Advantage Fund is a Balanced Advantage fund. In the 3 years to 30-10-2026, HDFC NIFTY 100 Index Fund (Direct) returned 8.7% a year and HSBC Balanced Advantage Fund (Direct) returned 9.1% a year. HDFC NIFTY 100 Index Fund charges 0.36% a year and HSBC Balanced Advantage Fund 1.16% (Direct plans). Their portfolios overlap 40.2%: they hold 29 of the same securities.
HDFC NIFTY 100 Index Fund
Index
- 3 year return
- 8.7%
- Expense ratio
- 0.36%
- NAV
- ₹14.33
HSBC Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 9.1%
- Expense ratio
- 1.16%
- NAV
- ₹50.41
Which is better, HDFC NIFTY 100 Index 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 Index costs less: 0.36% a year against 1.16% (Direct plans).
- HSBC Balanced Advantage swung less over 3 years: a standard deviation of 7.1% a year against 13.6%.
- HSBC Balanced Advantage fell less in its worst fall since 28-11-2022: −8.7% against −17.3%.
- HDFC NIFTY 100 Index 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 ₹457 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.
Key facts
From each fund's scheme summary document and AMFI
| Fact | HDFC NIFTY 100 Index Fund | HSBC Balanced Advantage Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | HSBC Mutual Fund |
| Category | Index | Balanced Advantage |
| AUM | ₹457 Cr (30-09-2026) | ₹1,474 Cr (30-09-2026) |
| NAV | ₹14.33 (Direct) | ₹50.41 (Direct) |
| Expense ratio (Direct) | 0.36% | 1.16% |
| Expense ratio (Regular) | 0.81% | 2.49% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 100 TRI | NIFTY 50 Hybrid Composite Debt 50:50 Index |
| Launch date | 23-02-2022 | 07-02-2011 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Nandita Menezes, Arun Agarwal | Neelotpal Sahai, Prakriti Banka, Praveen Ayathan, Mahesh Chhabria, Mohd. Asif Rizwi, Mayank Chaturvedi |
| Exit load | NIL | Exit load of 1% if units in excess of 10% are redeemed or switched-out within 1 year |
HDFC NIFTY 100 Index 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 Index Fund (Direct) | +1.01% | −5.39% | −3.12% | −9.00% | +8.65% | -- | -- |
| 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 Index vs HSBC Balanced Advantage: Year-wise Returns
| Year | HDFC NIFTY 100 IndexHDFC NIFTY 100 Index | HSBC Balanced AdvantageHSBC Balanced Advantage |
|---|---|---|
| 2026to date | −9.57% | −1.98% |
| 2025 | +9.87% | +4.16% |
| 2024 | +12.39% | +16.96% |
| 2023 | +20.80% | +19.56% |
HDFC NIFTY 100 Index vs HSBC Balanced Advantage: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of HDFC NIFTY 100 Index Fund
Rolling returns
Every 3-year holding period, 226 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.
HDFC NIFTY 100 Index Fund (Direct)
HSBC Balanced Advantage Fund (Direct)
Nifty 100 TRI
to
Dec 2025Feb 2023
to
Feb 2026Apr 2023
to
Apr 2026Jun 2023
to
Jun 2026Aug 2023
to
Aug 2026Oct 2023
to
Oct 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 NIFTY 100 Index | 0.0 | 0.0 | 25.2 | 68.1 | 6.6 | 0.0 | 0.0 | 11.6% | 11.4% | 6.7% | 15.9% | 0% |
| HSBC Balanced Advantage | 0.0 | 0.0 | 15.9 | 84.1 | 0.0 | 0.0 | 0.0 | 11.3% | 11.1% | 8.5% | 13.8% | 27% |
| Nifty 100 TRI | 0.0 | 0.0 | 18.6 | 69.5 | 11.9 | 0.0 | 0.0 | 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 Index 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
₹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 IndexHDFC NIFTY 100 Index Fund (Direct) | ₹4,80,000 | ₹5,18,502 | ₹38,502 | 3.8% |
| HSBC Balanced AdvantageHSBC Balanced Advantage Fund (Direct) | ₹4,80,000 | ₹5,43,966 | ₹63,966 | 6.2% |
HDFC NIFTY 100 IndexHDFC NIFTY 100 Index Fund (Direct)
HSBC 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 Index 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 Index Fund (Direct) | HSBC Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.00% | −1.58% |
| Standard deviation | 13.87% | 7.17% |
| Sharpe ratio | -1.03 | -0.95 |
| Sortino ratio | -1.37 | -1.27 |
| Maximum drawdown | −15.0% (31-03-2026) | −7.0% (30-03-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.33% | -- |
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 Index Fund (Direct) | HSBC Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.65% | +9.10% |
| Standard deviation | 13.63% | 7.08% |
| Sharpe ratio | 0.19 | 0.44 |
| Sortino ratio | 0.27 | 0.59 |
| Maximum drawdown | −17.3% (28-02-2025) | −8.7% (03-03-2025) |
| Beta | 1.00 | -- |
| Alpha | −0.42% | -- |
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 Index Fund (Direct) | HSBC Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.00% | +9.44% |
| Standard deviation | 13.63% | 6.55% |
| Sharpe ratio | 0.15 | 0.50 |
| Sortino ratio | 0.21 | 0.67 |
| Maximum drawdown | −17.3% (28-02-2025) | −8.7% (03-03-2025) |
| Beta | 1.00 | -- |
| Alpha | −0.44% | -- |
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 Index Fund (Direct)
HSBC 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 Index Fund (Direct) | −17.3% | 26-09-2024 | 28-02-2025 | Not yet | -- | −10.7% |
| 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 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
HDFC NIFTY 100 Index Fund (Direct)
HSBC Balanced Advantage Fund (Direct)
Nifty 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 NIFTY 100 Index Fund (Direct)
HSBC Balanced Advantage Fund (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC NIFTY 100 Index Fund (Direct) | 99% | 101% | 0.06% |
| 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 Index vs HSBC Balanced Advantage: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC NIFTY 100 Index Fund, September 2026; HSBC Balanced Advantage Fund, September 2026
Holdings in common
- Overlap
- 40.2%
- Held by both
- 29
- Only in HDFC NIFTY 100 Index
- 71
- Only in HSBC Balanced Advantage
- 44
| Security | % of HDFC NIFTY 100 Index | % of HSBC Balanced Advantage |
|---|---|---|
| HDFC Bank Ltd. | 8.42% | 5.61% |
| ICICI Bank Ltd. | 7.35% | 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. | 0.94% | 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 | 0.34% | 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 Index Fund
| 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. | 1.19% |
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 Index | HSBC Balanced Advantage |
|---|---|---|
| Equity | 100.1% | 72.7% |
| Debt | 0.0% | 25.5% |
| Cash and others | -0.1% | 1.9% |
Market cap of stocks
| Market cap | HDFC NIFTY 100 Index | 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 Index | 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 Index vs HSBC Balanced Advantage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC NIFTY 100 Index Fund | HSBC Balanced Advantage Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.36% | 1.16% |
| Base expense ratio (Direct) | 0.25% | 0.71% |
| Total expense ratio (Regular) | 0.81% | 2.49% |
| Base expense ratio (Regular) | 0.64% | 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.
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HDFC NIFTY 100 Index Fund vs HSBC Balanced Advantage Fund: Frequently Asked Questions
What is the difference between HDFC NIFTY 100 Index Fund and HSBC Balanced Advantage Fund?
HDFC NIFTY 100 Index Fund is an Index 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 Index Fund charges 0.36% a year and HSBC Balanced Advantage Fund 1.16%.
Which has given higher returns, HDFC NIFTY 100 Index Fund or HSBC Balanced Advantage Fund?
Over 1 year: HDFC NIFTY 100 Index Fund −9.00%, HSBC Balanced Advantage Fund −1.58%. Over 3 years: HDFC NIFTY 100 Index Fund +8.65% 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 Index Fund or HSBC Balanced Advantage Fund?
HDFC NIFTY 100 Index Fund charges less: 0.36% a year against 1.16%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC NIFTY 100 Index Fund 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 Index Fund or HSBC Balanced Advantage Fund?
On SEBI's riskometer, HDFC NIFTY 100 Index Fund is rated Very High and HSBC Balanced Advantage Fund Very High. Over 3 years, the standard deviation of daily returns was 13.63% and 7.08% a year.
Which is better for SIP, HDFC NIFTY 100 Index Fund 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 ₹3,71,127 in HDFC NIFTY 100 Index Fund (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 Index Fund 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 Index Fund and HSBC Balanced Advantage Fund?
HDFC NIFTY 100 Index Fund: Nandita Menezes, 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.