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    ICICI Prudential Balanced Advantage Fund vs Kotak Balanced Advantage Fund

    Direct Plan, Growth option · Data as on 30-10-2026

    ICICI Prudential Balanced Advantage Fund and Kotak Balanced Advantage Fund are both Balanced Advantage funds. In the 3 years to 30-10-2026, ICICI Prudential Balanced Advantage Fund (Direct) returned 10.6% a year and Kotak Balanced Advantage Fund (Direct) returned 9.2% a year. ICICI Prudential Balanced Advantage Fund charges 1.03% a year and Kotak Balanced Advantage Fund 0.82% (Direct plans). Their portfolios overlap 36.3%: they hold 62 of the same securities.

    ICICI Prudential Balanced Advantage Fund

    Balanced Advantage

    3 year return
    10.6%
    Expense ratio
    1.03%
    NAV
    ₹85.81
    See ICICI Prudential Balanced Advantage Fund

    Kotak Balanced Advantage Fund

    Balanced Advantage

    3 year return
    9.2%
    Expense ratio
    0.82%
    NAV
    ₹22.45
    See Kotak Balanced Advantage Fund

    Which is better, ICICI Prudential Balanced Advantage or Kotak 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.

    • ICICI Prudential Balanced Advantage returned more over 5 years: 9.9% a year against 8.4%.
    • ICICI Prudential Balanced Advantage returned more over 3 years: 10.6% a year against 9.2%.
    • Kotak Balanced Advantage costs less: 0.82% a year against 1.03% (Direct plans).
    • ICICI Prudential Balanced Advantage swung less over 3 years: a standard deviation of 7.1% a year against 8.0%.
    • Kotak Balanced Advantage fell less in its worst fall since 10-08-2018: −26.3% against −27.0%.
    • ICICI Prudential Balanced Advantage is the larger fund: ₹71,913 Cr against ₹16,618 Cr.
    • Their portfolios overlap 36.3%: 62 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

    FactICICI Prudential Balanced Advantage FundKotak Balanced Advantage Fund
    Fund houseICICI Prudential Mutual FundKotak Mahindra Mutual Fund
    CategoryBalanced AdvantageBalanced Advantage
    AUM₹71,913 Cr (30-09-2026)₹16,618 Cr (30-09-2026)
    NAV₹85.81 (Direct)₹22.45 (Direct)
    Expense ratio (Direct)1.03%0.82%
    Expense ratio (Regular)1.56%1.88%
    RiskometerNot availableVery High
    BenchmarkCRISIL Hybrid 50+50 - Moderate IndexNIFTY 50 Hybrid composite debt 50:50 Index (Total Return
    Launch date30-12-200603-08-2018
    Minimum investment₹500₹100
    Lock inNoneNone
    Fund managersRajat Chandak, Manish Banthia, Akhil Kakkar, Sri Sharma, Sharmila D'silvaRohit Tandon, Hiten Shah, Abhishek Bisen
    Exit load• NIL - If units purchased or switched in from another scheme of the Fund are redeemed or switched out upto 30% of the units (the limit) purchased or switched within 1 year from the date of allotment. • 1% of the applicable NAV - If units purchased or switched in from another scheme of the Fund are redeemed or switched out in excess of the limit within 1 year from the date of allotment. • NIL - If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 1 year from the date of allotment.Exit load for units in excess of 8% of the investment,1% will be charged for redemption within 180 days

    ICICI Prudential Balanced Advantage vs Kotak 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.

    Fund1M3M6M1Y3Y5Y10Y
    ICICI Prudential Balanced Advantage Fund (Direct)+0.15%−3.08%+1.18%+0.30%+10.55%+9.90%+10.97%
    Kotak Balanced Advantage Fund (Direct)−0.31%−3.11%+0.22%−1.56%+9.18%+8.44%--
    Balanced Advantage average−0.55%−2.88%+0.08%−2.08%+9.14%+8.35%--

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

    ICICI Prudential Balanced Advantage vs Kotak Balanced Advantage: Year-wise Returns

    YearICICI PrudentialICICI Prudential Balanced AdvantageKotakKotak Balanced Advantage
    2026to date−1.16%−2.17%
    2025+12.87%+7.13%
    2024+12.98%+15.67%
    2023+17.24%+17.42%
    2022+8.62%+5.06%
    2021+15.86%+14.43%

    ICICI Prudential Balanced Advantage vs Kotak Balanced Advantage: Rolling Returns

    Every holding period of both funds

    Rolling returns

    Every 3-year holding period, 1,286 of them, one for each trading day from 10-08-2021 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%25%
    Jan 2019
    to
    Jan 2022    Nov 2019
    to
    Nov 2022    Oct 2020
    to
    Oct 2023    Sept 2021
    to
    Sept 2024    Jul 2022
    to
    Jul 2025    May 2023
    to
    May 2026
    ICICI Prudential Balanced Advantage Fund (Direct)Kotak Balanced Advantage Fund (Direct)

    How the periods spread

    FundBelow 0%0-5%5-10%10-15%15-20%20-25%Above 25%MeanMedianLowestHighest
    ICICI Prudential Balanced Advantage0.00.00.384.714.20.80.013.8%13.7%9.9%23.6%
    Kotak Balanced Advantage0.00.03.086.710.00.40.012.8%12.7%8.5%22.4%

    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 10-08-2018. Past returns do not promise future returns.

    ICICI Prudential Balanced Advantage vs Kotak 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

    Step up each year
    PeriodFor

    ₹10,000 on the first trading day of every month, from 01-08-2018 to 30-10-2026: 99 instalments, ₹9,90,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    ICICI Prudential Balanced AdvantageICICI Prudential Balanced Advantage Fund (Direct) ₹9,90,000 ₹15,80,729 ₹5,90,729 11.1%
    Kotak Balanced AdvantageKotak Balanced Advantage Fund (Direct) ₹9,90,000 ₹14,95,965 ₹5,05,965 9.8%
    ₹0₹5.0 L₹10.0 L₹15.0 L₹20.0 L
    20192020202120222023202420252026
    ICICI Prudential Balanced AdvantageICICI Prudential Balanced Advantage Fund (Direct)Kotak Balanced AdvantageKotak 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.

    ICICI Prudential Balanced Advantage vs Kotak Balanced Advantage: Risk and Drawdowns

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

    Risk and return

    MeasureICICI Prudential Balanced Advantage Fund (Direct)Kotak Balanced Advantage Fund (Direct)
    Return (CAGR)+10.55%+9.18%
    Standard deviation7.14%7.95%
    Sharpe ratio0.630.40
    Sortino ratio0.900.55
    Maximum drawdown−8.2% (30-03-2026)−9.1% (28-02-2025)
    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.

    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.

    −30%−25%−20%−15%−10%−5%0%
    20192020202120222023202420252026
    ICICI Prudential Balanced Advantage Fund (Direct)Kotak Balanced Advantage Fund (Direct)
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    ICICI Prudential Balanced Advantage Fund (Direct)−27.0%12-02-202023-03-202026-08-20205 months−4.9%
    Kotak Balanced Advantage Fund (Direct)−26.3%12-02-202023-03-202021-07-20204 months−4.4%

    From daily values since 10-08-2018, 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%
    20222023202420252026
    ICICI Prudential Balanced Advantage Fund (Direct)Kotak Balanced Advantage Fund (Direct)

    ICICI Prudential Balanced Advantage vs Kotak Balanced Advantage: Portfolio Overlap

    From each fund's latest monthly portfolio: ICICI Prudential Balanced Advantage Fund, September 2026; Kotak Balanced Advantage Fund, September 2026

    Holdings in common

    Overlap
    36.3%
    Held by both
    62
    Only in ICICI Prudential Balanced Advantage
    146
    Only in Kotak Balanced Advantage
    128
    Security% of ICICI Prudential Balanced Advantage% of Kotak Balanced Advantage
    ICICI Bank Ltd.4.15%4.93%
    HDFC Bank Ltd.3.41%3.16%
    Reliance Industries Ltd.2.54%3.36%
    State Bank Of India1.97%3.64%
    Bharti Airtel Ltd.1.91%2.38%
    Larsen & Toubro Ltd.1.86%1.99%
    Infosys Ltd.2.27%1.48%
    Eternal Ltd.2.18%1.35%
    Axis Bank Ltd.2.04%1.30%
    Kotak Mahindra Bank Ltd.1.57%1.25%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.3% means 36.3% 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 ICICI Prudential Balanced Advantage Fund

    Security% of fund
    Government Securities2.71%
    Avenue Supermarts Ltd.1.58%
    Trent Ltd.1.28%
    Britannia Industries Ltd.1.08%
    HCL Technologies Ltd.1.08%

    Largest holdings only in Kotak Balanced Advantage Fund

    Security% of fund
    Central Government - 20645.67%
    Solar Industries India Limited1.67%
    Power Finance Corporation Ltd.1.49%
    JTPM METAL TRADERS PVT LTD ( CATALYST TRUSTEESHIP LIMITE)1.30%
    Sansera Engineering Ltd1.27%

    Asset and sector split

    Share of each fund, from its latest monthly portfolio

    Asset allocation

    AssetICICI Prudential Balanced AdvantageKotak Balanced Advantage
    Equity71.0%70.2%
    Debt21.2%20.3%
    Cash and others7.8%9.5%

    Market cap of stocks

    Market capICICI Prudential Balanced AdvantageKotak Balanced Advantage
    Large Cap60.8%51.1%
    Mid Cap6.8%9.0%
    Small Cap3.1%9.6%
    Not on AMFI's list0.2%0.5%

    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

    SectorICICI Prudential Balanced AdvantageKotak Balanced Advantage
    Banks13.4%14.6%
    Automobiles9.5%3.5%
    Retailing5.9%1.4%
    It - Software4.6%0.0%
    IT - Software0.0%4.3%
    Petroleum Products3.1%4.0%
    Finance3.2%3.5%
    Auto Components1.6%3.1%

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

    ICICI Prudential Balanced Advantage vs Kotak Balanced Advantage: Expense Ratio

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

    ChargeICICI Prudential Balanced Advantage FundKotak Balanced Advantage Fund
    Total expense ratio (Direct)1.03%0.82%
    Base expense ratio (Direct)0.71%0.54%
    Total expense ratio (Regular)1.56%1.88%
    Base expense ratio (Regular)1.15%1.44%

    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

    ICICI Prudential Balanced Advantage Fund vs Kotak Balanced Advantage Fund: Frequently Asked Questions

    What is the difference between ICICI Prudential Balanced Advantage Fund and Kotak Balanced Advantage Fund?

    Both are Balanced Advantage funds, run by ICICI Prudential Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 36.3%. ICICI Prudential Balanced Advantage Fund charges 1.03% a year and Kotak Balanced Advantage Fund 0.82%.

    Which has given higher returns, ICICI Prudential Balanced Advantage Fund or Kotak Balanced Advantage Fund?

    Over 1 year: ICICI Prudential Balanced Advantage Fund +0.30%, Kotak Balanced Advantage Fund −1.56%. Over 3 years: ICICI Prudential Balanced Advantage Fund +10.55% a year, Kotak Balanced Advantage Fund +9.18% a year. Over 5 years: ICICI Prudential Balanced Advantage Fund +9.90% a year, Kotak Balanced Advantage Fund +8.44% a year. As on 30-10-2026. Past returns do not promise future returns.

    Which has the lower expense ratio, ICICI Prudential Balanced Advantage Fund or Kotak Balanced Advantage Fund?

    Kotak Balanced Advantage Fund charges less: 0.82% a year against 1.03%. These are the Direct plans' total expense ratios reported to AMFI.

    How much do ICICI Prudential Balanced Advantage Fund and Kotak Balanced Advantage Fund overlap?

    36.3%. They hold 62 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.

    Which is better for SIP, ICICI Prudential Balanced Advantage Fund or Kotak Balanced Advantage Fund?

    Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,71,458 in ICICI Prudential Balanced Advantage Fund (XIRR 9.2% a year) and ₹7,41,532 in Kotak Balanced Advantage Fund (XIRR 7.6% a year). Both received 61 instalments. Past returns do not promise future returns.

    Can I invest in both ICICI Prudential Balanced Advantage Fund and Kotak Balanced Advantage Fund?

    Yes. 36.3% of each fund's money sits in the same holdings, so some of the two investments would move together.

    Who manages ICICI Prudential Balanced Advantage Fund and Kotak Balanced Advantage Fund?

    ICICI Prudential Balanced Advantage Fund: Rajat Chandak, Manish Banthia, Akhil Kakkar, Sri Sharma, Sharmila D'silva. Kotak Balanced Advantage Fund: Rohit Tandon, Hiten Shah, Abhishek Bisen.

    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.

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