HSBC Balanced Advantage Fund vs SBI BSE 100 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
HSBC Balanced Advantage Fund is a Balanced Advantage fund and SBI BSE 100 ETF is a mutual fund. In the 3 years to 30-10-2026, HSBC Balanced Advantage Fund (Direct) returned 9.1% a year and SBI BSE 100 ETF (Regular) returned 8.8% a year. HSBC Balanced Advantage Fund charges 1.16% a year and SBI BSE 100 ETF 0.16%. Their portfolios overlap 40.3%: they hold 30 of the same securities.
HSBC Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 9.1%
- Expense ratio
- 1.16%
- NAV
- ₹50.41
Which is better, HSBC Balanced Advantage or SBI BSE 100 ETF? 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 8.8%.
- HSBC Balanced Advantage returned more over 1 year: −1.6% against −9.1%.
- SBI BSE 100 ETF costs less: 0.16% a year against 1.16%.
- HSBC Balanced Advantage swung less over 3 years: a standard deviation of 7.1% a year against 13.5%.
- HSBC Balanced Advantage fell less in its worst fall since 28-11-2022: −8.7% against −16.7%.
- SBI BSE 100 ETF holds more in large companies: 90.2% of the fund in large caps against 47.5%.
- HSBC Balanced Advantage is the larger fund: ₹1,474 Cr against ₹9 Cr.
- Their portfolios overlap 40.3%: 30 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 | HSBC Balanced Advantage Fund | SBI BSE 100 ETF |
|---|---|---|
| Fund house | HSBC Mutual Fund | SBI Mutual Fund |
| Category | Balanced Advantage | Not available |
| AUM | ₹1,474 Cr (30-09-2026) | ₹9 Cr (30-09-2026) |
| NAV | ₹50.41 (Direct) | ₹272.01 (Regular) |
| Expense ratio (Direct) | 1.16% | Not available |
| Expense ratio (Regular) | 2.49% | 0.16% |
| Riskometer | Very High | Not available |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | Not available |
| Launch date | 07-02-2011 | Not available |
| Minimum investment | ₹5,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Neelotpal Sahai, Prakriti Banka, Praveen Ayathan, Mahesh Chhabria, Mohd. Asif Rizwi, Mayank Chaturvedi | Not available |
| Exit load | Exit load of 1% if units in excess of 10% are redeemed or switched-out within 1 year | Not available |
HSBC Balanced Advantage vs SBI BSE 100 ETF: 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 |
|---|---|---|---|---|---|---|---|
| HSBC Balanced Advantage Fund (Direct) | −1.08% | −2.67% | +0.46% | −1.58% | +9.10% | -- | -- |
| SBI BSE 100 ETF (Regular) | +0.93% | −5.53% | −2.97% | −9.05% | +8.78% | +7.62% | +11.52% |
| 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.
HSBC Balanced Advantage vs SBI BSE 100 ETF: Year-wise Returns
| Year | HSBC Balanced AdvantageHSBC Balanced Advantage | SBI BSE 100 ETFSBI BSE 100 ETF |
|---|---|---|
| 2026to date | −1.98% | −9.80% |
| 2025 | +4.16% | +10.33% |
| 2024 | +16.96% | +13.11% |
| 2023 | +19.56% | +23.07% |
| 2022 | -- | +5.85% |
| 2021 | -- | +26.33% |
HSBC Balanced Advantage vs SBI BSE 100 ETF: Rolling Returns
Every holding period of both funds, against BSE 100 TRI, the benchmark of SBI BSE 100 ETF
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.
HSBC Balanced Advantage Fund (Direct)
SBI BSE 100 ETF (Regular)
BSE 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | 28% |
| SBI BSE 100 ETF | 0.0 | 0.0 | 21.6 | 60.2 | 18.2 | 0.0 | 0.0 | 12.0% | 11.8% | 6.8% | 16.2% | 0% |
| BSE 100 TRI | 0.0 | 0.0 | 19.0 | 62.4 | 18.6 | 0.0 | 0.0 | 12.2% | 11.9% | 7.0% | 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 BSE 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.
HSBC Balanced Advantage vs SBI BSE 100 ETF: 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 28-11-2022 to 30-10-2026: 48 instalments, ₹4,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HSBC Balanced AdvantageHSBC Balanced Advantage Fund (Direct) | ₹4,80,000 | ₹5,43,966 | ₹63,966 | 6.2% |
| SBI BSE 100 ETFSBI BSE 100 ETF (Regular) | ₹4,80,000 | ₹5,22,126 | ₹42,126 | 4.2% |
HSBC Balanced AdvantageHSBC Balanced Advantage Fund (Direct)
SBI BSE 100 ETFSBI BSE 100 ETF (Regular)
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.
HSBC Balanced Advantage vs SBI BSE 100 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HSBC Balanced Advantage Fund (Direct) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | −1.58% | −9.05% |
| Standard deviation | 7.17% | 13.91% |
| Sharpe ratio | -0.95 | -1.03 |
| Sortino ratio | -1.27 | -1.36 |
| Maximum drawdown | −7.0% (30-03-2026) | −15.0% (31-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.16% |
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 | HSBC Balanced Advantage Fund (Direct) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +9.10% | +8.78% |
| Standard deviation | 7.08% | 13.55% |
| Sharpe ratio | 0.44 | 0.20 |
| Sortino ratio | 0.59 | 0.28 |
| Maximum drawdown | −8.7% (03-03-2025) | −16.7% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.18% |
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 | HSBC Balanced Advantage Fund (Direct) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +9.44% | +10.40% |
| Standard deviation | 6.55% | 15.99% |
| Sharpe ratio | 0.50 | 0.30 |
| Sortino ratio | 0.67 | 0.40 |
| Maximum drawdown | −8.7% (03-03-2025) | −38.2% (23-03-2020) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.44% |
From daily NAVs, 28-11-2022 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.
HSBC Balanced Advantage Fund (Direct)
SBI BSE 100 ETF (Regular)
BSE 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HSBC Balanced Advantage Fund (Direct) | −8.7% | 11-12-2024 | 03-03-2025 | 15-07-2025 | 4 months | −4.1% |
| SBI BSE 100 ETF (Regular) | −16.7% | 26-09-2024 | 28-02-2025 | 20-11-2025 | 9 months | −10.6% |
| BSE 100 TRI | −16.7% | 26-09-2024 | 28-02-2025 | 20-11-2025 | 9 months | −10.4% |
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.
HSBC Balanced Advantage Fund (Direct)
SBI BSE 100 ETF (Regular)
BSE 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.
HSBC Balanced Advantage Fund (Direct)
SBI BSE 100 ETF (Regular)
BSE 100 TRI
Against BSE 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HSBC Balanced Advantage Fund (Direct) | 61% | 33% | 7.78% |
| SBI BSE 100 ETF (Regular) | 99% | 100% | 0.03% |
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.
HSBC Balanced Advantage vs SBI BSE 100 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: HSBC Balanced Advantage Fund, September 2026; SBI BSE 100 ETF, September 2026
Holdings in common
- Overlap
- 40.3%
- Held by both
- 30
- Only in HSBC Balanced Advantage
- 43
- Only in SBI BSE 100 ETF
- 70
| Security | % of HSBC Balanced Advantage | % of SBI BSE 100 ETF |
|---|---|---|
| HDFC Bank Limited | 5.61% | 8.26% |
| ICICI Bank Limited | 4.75% | 7.24% |
| Reliance Industries Limited | 4.03% | 6.01% |
| Axis Bank Limited | 4.16% | 2.68% |
| Larsen & Toubro Limited | 2.55% | 3.35% |
| Kotak Mahindra Bank Limited | 2.59% | 2.34% |
| Eternal Limited | 2.05% | 1.76% |
| Bharti Airtel Limited | 1.40% | 4.18% |
| Infosys Limited | 1.35% | 2.68% |
| Mahindra & Mahindra Limited | 1.30% | 2.01% |
| State Bank of India | 1.27% | 3.04% |
| Shriram Finance Limited | 2.00% | 1.04% |
| Sun Pharmaceutical Industries Limited | 0.92% | 1.50% |
| JSW Steel Limited | 0.85% | 0.91% |
| Hindustan Unilever Limited | 0.78% | 1.28% |
| Eicher Motors Limited | 0.73% | 0.75% |
| NTPC Limited | 0.71% | 1.17% |
| Tata Motors Limited | 0.86% | 0.68% |
| Tech Mahindra Limited | 0.62% | 0.75% |
| UltraTech Cement Limited | 0.59% | 0.98% |
| Hindalco Industries Limited | 0.59% | 1.03% |
| Max Healthcare Institute Limited | 0.63% | 0.52% |
| SBI Life Insurance Company Limited | 0.52% | 0.58% |
| Tata Consumer Products Limited | 0.81% | 0.47% |
| ITC Limited | 0.47% | 1.94% |
| The Tata Power Company Limited | 1.82% | 0.46% |
| HDFC Asset Management Company Limited | 0.54% | 0.35% |
| DLF Limited | 2.43% | 0.33% |
| Ashok Leyland Limited | 0.63% | 0.33% |
| United Spirits Limited | 0.62% | 0.30% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40.3% means 40.3% 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 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% |
Largest holdings only in SBI BSE 100 ETF
| Security | % of fund |
|---|---|
| Bajaj Finance Ltd. | 1.96% |
| Tata Consultancy Services Ltd. | 1.58% |
| Titan Company Ltd. | 1.43% |
| Maruti Suzuki India Ltd. | 1.18% |
| Tata Steel Ltd. | 1.16% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HSBC Balanced Advantage | SBI BSE 100 ETF |
|---|---|---|
| Equity | 72.7% | 100.0% |
| Debt | 25.5% | 0.0% |
| Cash and others | 1.9% | 0.0% |
Market cap of stocks
| Market cap | HSBC Balanced Advantage | SBI BSE 100 ETF |
|---|---|---|
| Large Cap | 47.5% | 90.2% |
| Mid Cap | 13.2% | 9.7% |
| Small Cap | 10.7% | 0.0% |
| Not on AMFI's list | 1.3% | 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 | HSBC Balanced Advantage | SBI BSE 100 ETF |
|---|---|---|
| Banks | 19.8% | 26.7% |
| IT - Software | 2.5% | 7.5% |
| Petroleum Products | 4.0% | 6.8% |
| Automobiles | 2.0% | 6.5% |
| Pharmaceuticals & Biotechnology | 6.0% | 3.9% |
| Finance | 3.9% | 5.8% |
| Retailing | 5.5% | 3.3% |
| Telecom - Services | 1.4% | 4.5% |
| Realty | 3.7% | 0.3% |
The six largest sectors of each fund's stocks, % of the fund.
HSBC Balanced Advantage vs SBI BSE 100 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HSBC Balanced Advantage Fund | SBI BSE 100 ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.16% | Not available |
| Base expense ratio (Direct) | 0.71% | 0.00% |
| Total expense ratio (Regular) | 2.49% | 0.16% |
| Base expense ratio (Regular) | 1.83% | 0.12% |
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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HSBC Balanced Advantage Fund vs SBI BSE 100 ETF: Frequently Asked Questions
What is the difference between HSBC Balanced Advantage Fund and SBI BSE 100 ETF?
HSBC Balanced Advantage Fund is a Balanced Advantage fund, SBI BSE 100 ETF is a mutual fund, run by HSBC Mutual Fund and SBI Mutual Fund. Their portfolios overlap 40.3%. HSBC Balanced Advantage Fund charges 1.16% a year and SBI BSE 100 ETF 0.16%.
Which has given higher returns, HSBC Balanced Advantage Fund or SBI BSE 100 ETF?
Over 1 year: HSBC Balanced Advantage Fund −1.58%, SBI BSE 100 ETF −9.05%. Over 3 years: HSBC Balanced Advantage Fund +9.10% a year, SBI BSE 100 ETF +8.78% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HSBC Balanced Advantage Fund or SBI BSE 100 ETF?
SBI BSE 100 ETF charges less: 0.16% a year against 1.16%. These are the total expense ratios reported to AMFI.
How much do HSBC Balanced Advantage Fund and SBI BSE 100 ETF overlap?
40.3%. They hold 30 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is better for SIP, HSBC Balanced Advantage Fund or SBI BSE 100 ETF?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,91,656 in HSBC Balanced Advantage Fund (XIRR 3.6% a year) and ₹3,72,729 in SBI BSE 100 ETF (XIRR 0.5% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both HSBC Balanced Advantage Fund and SBI BSE 100 ETF?
Yes. 40.3% of each fund's money sits in the same holdings, so a large part 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.