ICICI Prudential Balanced Advantage Fund vs Kotak MSCI India ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
ICICI Prudential Balanced Advantage Fund is a Balanced Advantage fund and Kotak MSCI India ETF is an ETF fund. In the year to 30-10-2026, ICICI Prudential Balanced Advantage Fund (Direct) returned 0.3% and Kotak MSCI India ETF returned −8.0%. ICICI Prudential Balanced Advantage Fund charges 1.03% a year and Kotak MSCI India ETF 0.24%. Their portfolios overlap 50.7%: they hold 77 of the same securities.
ICICI Prudential Balanced Advantage Fund
Balanced Advantage
- 1 year return
- 0.3%
- Expense ratio
- 1.03%
- NAV
- ₹85.81
Which is better, ICICI Prudential Balanced Advantage or Kotak MSCI India ETF? 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 1 year: 0.3% against −8.0%.
- Kotak MSCI India ETF costs less: 0.24% a year against 1.03%.
- ICICI Prudential Balanced Advantage fell less in its worst fall since 25-02-2025: −8.2% against −14.6%.
- Kotak MSCI India ETF holds more in large companies: 80.6% of the fund in large caps against 60.8%.
- ICICI Prudential Balanced Advantage is the larger fund: ₹71,913 Cr against ₹1,749 Cr.
- Their portfolios overlap 50.7%: 77 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 | ICICI Prudential Balanced Advantage Fund | Kotak MSCI India ETF |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Balanced Advantage | ETF |
| AUM | ₹71,913 Cr (30-09-2026) | ₹1,749 Cr (30-09-2026) |
| NAV | ₹85.81 (Direct) | ₹28.23 |
| Expense ratio (Direct) | 1.03% | Not available |
| Expense ratio (Regular) | 1.56% | Not available |
| Riskometer | Not available | Very High |
| Benchmark | CRISIL Hybrid 50+50 - Moderate Index | MSCI India TRI |
| Launch date | 30-12-2006 | 19-02-2025 |
| Minimum investment | ₹500 | Ongoing purchases directly from the Mutual Fund would be restricted to Market Makers and Large Investors (subject to transactions greater than INR 25 crores or such other amount as may be specified by SEBI from time to time) provided the value of units to |
| Lock in | None | None |
| Fund managers | Rajat Chandak, Manish Banthia, Akhil Kakkar, Sri Sharma, Sharmila D'silva | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar |
| 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. | NIL |
ICICI Prudential Balanced Advantage vs Kotak MSCI India 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 |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Balanced Advantage Fund (Direct) | +0.15% | −3.08% | +1.18% | +0.30% | +10.55% | +9.90% | +10.97% |
| Kotak MSCI India ETF | +0.29% | −5.98% | −3.50% | −8.03% | -- | -- | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | +9.91% |
Category average: the average of the 38 Balanced Advantage funds, same plan type.
ICICI Prudential Balanced Advantage vs Kotak MSCI India ETF: Year-wise Returns
| Year | ICICI Prudential Balanced AdvantageICICI Prudential Balanced Advantage | Kotak MSCI India ETFKotak MSCI India ETF |
|---|---|---|
| 2026to date | −1.16% | −8.95% |
| 2025 | +12.87% | -- |
| 2024 | +12.98% | -- |
| 2023 | +17.24% | -- |
| 2022 | +8.62% | -- |
| 2021 | +15.86% | -- |
ICICI Prudential Balanced Advantage vs Kotak MSCI India ETF: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 166 of them, one for each trading day from 25-02-2026 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.
ICICI Prudential Balanced Advantage Fund (Direct)
Kotak MSCI India ETF
to
Mar 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Oct 2025
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential Balanced Advantage | 3.0 | 33.1 | 52.4 | 11.4 | 0.0 | 0.0 | 0.0 | 6.1% | 6.0% | −1.6% | 14.7% |
| Kotak MSCI India ETF | 46.4 | 36.7 | 11.4 | 3.6 | 1.8 | 0.0 | 0.0 | 0.9% | 0.2% | −9.8% | 15.8% |
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 25-02-2025. Past returns do not promise future returns.
ICICI Prudential Balanced Advantage vs Kotak MSCI India 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 03-02-2025 to 30-10-2026: 21 instalments, ₹2,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential Balanced AdvantageICICI Prudential Balanced Advantage Fund (Direct) | ₹2,10,000 | ₹2,16,310 | ₹6,310 | 3.3% |
| Kotak MSCI India ETFKotak MSCI India ETF | ₹2,10,000 | ₹2,04,302 | −₹5,698 | −3.0% |
ICICI Prudential Balanced AdvantageICICI Prudential Balanced Advantage Fund (Direct)
Kotak MSCI India ETFKotak MSCI India ETF
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 MSCI India ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Balanced Advantage Fund (Direct) | Kotak MSCI India ETF |
|---|---|---|
| Return (CAGR) | +0.30% | −8.03% |
| Standard deviation | 9.21% | 14.22% |
| Sharpe ratio | -0.54 | -0.93 |
| Sortino ratio | -0.74 | -1.24 |
| Maximum drawdown | −8.2% (30-03-2026) | −14.6% (31-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 | ICICI Prudential Balanced Advantage Fund (Direct) | Kotak MSCI India ETF |
|---|---|---|
| Return (CAGR) | +12.24% | +4.02% |
| Standard deviation | 8.87% | 13.78% |
| Sharpe ratio | 0.70 | -0.10 |
| Sortino ratio | 0.95 | -0.14 |
| Maximum drawdown | −27.0% (23-03-2020) | −14.6% (31-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 02-01-2013 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.
ICICI Prudential Balanced Advantage Fund (Direct)
Kotak MSCI India ETF
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Balanced Advantage Fund (Direct) | −8.2% | 11-02-2026 | 30-03-2026 | 03-07-2026 | 3 months | −4.9% |
| Kotak MSCI India ETF | −14.6% | 02-01-2026 | 31-03-2026 | Not yet | -- | −10.1% |
From daily values since 25-02-2025, 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.
ICICI Prudential Balanced Advantage Fund (Direct)
Kotak MSCI India ETF
ICICI Prudential Balanced Advantage vs Kotak MSCI India ETF: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Balanced Advantage Fund, September 2026; Kotak MSCI India ETF, September 2026
Holdings in common
- Overlap
- 50.7%
- Held by both
- 77
- Only in ICICI Prudential Balanced Advantage
- 131
- Only in Kotak MSCI India ETF
- 88
| Security | % of ICICI Prudential Balanced Advantage | % of Kotak MSCI India ETF |
|---|---|---|
| ICICI Bank Ltd. | 4.15% | 5.60% |
| HDFC Bank Ltd. | 3.41% | 6.44% |
| Reliance Industries Ltd. | 2.54% | 5.44% |
| Infosys Ltd. | 2.27% | 2.41% |
| Axis Bank Ltd. | 2.04% | 2.25% |
| Bharti Airtel Ltd. | 1.91% | 3.93% |
| Larsen & Toubro Ltd. | 1.86% | 2.02% |
| Kotak Mahindra Bank Ltd. | 1.57% | 1.82% |
| State Bank Of India | 1.97% | 1.41% |
| Eternal Ltd. | 2.18% | 1.22% |
| Maruti Suzuki India Ltd. | 1.79% | 1.13% |
| Mahindra & Mahindra Ltd. | 1.08% | 2.05% |
| Titan Company Ltd. | 1.02% | 1.30% |
| Bajaj Finance Ltd. | 0.99% | 1.91% |
| NTPC Ltd. | 0.92% | 1.12% |
| HCL Technologies Ltd. | 1.08% | 0.87% |
| Tata Steel Ltd. | 0.81% | 1.10% |
| TVS Motor Company Ltd. | 6.31% | 0.78% |
| Sun Pharmaceutical Industries Ltd. | 0.77% | 1.30% |
| Hindalco Industries Ltd. | 0.77% | 0.97% |
| Interglobe Aviation Ltd. | 1.48% | 0.75% |
| Shriram Finance Ltd. | 0.73% | 1.11% |
| Ultratech Cement Ltd. | 0.68% | 0.90% |
| Apollo Hospitals Enterprise Ltd. | 0.79% | 0.66% |
| TML Commercial Vehicles Ltd. | 0.98% | 0.62% |
| SBI Life Insurance Company Ltd. | 0.71% | 0.61% |
| Hindustan Aeronautics Ltd. | 0.58% | 0.62% |
| Trent Ltd. | 1.28% | 0.56% |
| Samvardhana Motherson International Ltd. | 0.81% | 0.55% |
| Cholamandalam Investment And Finance Company Ltd. | 0.71% | 0.55% |
| Tech Mahindra Ltd. | 0.54% | 0.66% |
| Bajaj Finserv Ltd. | 0.55% | 0.53% |
| Bharat Electronics Ltd. | 0.53% | 1.08% |
| Adani Ports and Special Economic Zone Ltd. | 0.50% | 0.83% |
| Cummins India Ltd. | 0.46% | 0.50% |
| Avenue Supermarts Ltd. | 1.58% | 0.44% |
| Tata Consultancy Services Ltd. | 0.43% | 1.33% |
| CG Power and Industrial Solutions Ltd. | 0.48% | 0.43% |
| Britannia Industries Ltd. | 1.08% | 0.42% |
| Divi's Laboratories Ltd. | 0.39% | 0.89% |
| Cipla Ltd. | 0.38% | 0.54% |
| Torrent Pharmaceuticals Ltd. | 0.36% | 0.55% |
| HDFC Asset Management Company Ltd. | 0.78% | 0.35% |
| Polycab India Ltd. | 0.64% | 0.34% |
| Multi Commodity Exchange Of India Ltd. | 0.53% | 0.33% |
| Pidilite Industries Ltd. | 0.40% | 0.33% |
| Info Edge (India) Ltd. | 0.35% | 0.33% |
| Vedanta Aluminium Metal Ltd. | 0.32% | 0.45% |
| Bharat Petroleum Corporation Ltd. | 0.32% | 0.39% |
| HDFC Life Insurance Company Ltd. | 0.30% | 0.41% |
| The Indian Hotels Company Ltd. | 0.30% | 0.48% |
| Eicher Motors Ltd. | 0.30% | 0.78% |
| PB Fintech Ltd. | 0.57% | 0.29% |
| The Phoenix Mills Ltd. | 0.48% | 0.29% |
| Hindustan Petroleum Corporation Ltd. | 0.29% | 0.27% |
| FSN E-Commerce Ventures Ltd. | 0.26% | 0.31% |
| IndusInd Bank Ltd. | 0.25% | 0.41% |
| ICICI Lombard General Insurance Company Ltd. | 0.25% | 0.31% |
| Hindustan Unilever Ltd. | 0.24% | 1.06% |
| Lenskart Solutions Ltd. | 0.23% | 0.36% |
| Indus Towers Ltd. | 0.23% | 0.37% |
| Muthoot Finance Ltd. | 0.22% | 0.24% |
| Vedanta Ltd. | 0.20% | 0.28% |
| Dr. Reddy's Laboratories Ltd. | 0.17% | 0.49% |
| Jindal Steel Ltd. | 0.15% | 0.32% |
| Ge Vernova T&D India Ltd. | 0.14% | 0.43% |
| ITC Ltd. | 0.14% | 0.63% |
| ABB India Ltd. | 0.14% | 0.25% |
| Shree Cements Ltd. | 0.13% | 0.15% |
| PI Industries Ltd. | 0.48% | 0.13% |
| Mankind Pharma Ltd. | 0.11% | 0.21% |
| Voltas Ltd. | 0.09% | 0.17% |
| NHPC Ltd. | 0.08% | 0.19% |
| JSW Steel Ltd. | 0.08% | 0.61% |
| Asian Paints Ltd. | 0.08% | 0.74% |
| MAX Healthcare Institute Ltd | 0.06% | 0.52% |
| Mphasis Ltd. | 0.05% | 0.20% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 50.7% means 50.7% 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 |
|---|---|
| EMBASSY OFFICE PARKS REIT | 2.80% |
| Government Securities | 2.71% |
| Government Securities | 1.09% |
| Cholamandalam Investment And Finance Company Ltd. | 0.97% |
| 360 One Wam Ltd. | 0.83% |
Largest holdings only in Kotak MSCI India ETF
| Security | % of fund |
|---|---|
| Power Grid Corporation of India Ltd. | 0.87% |
| Grasim Industries Ltd. | 0.66% |
| Nestle India Ltd. | 0.60% |
| Adani Enterprises Ltd | 0.60% |
| Bajaj Auto Ltd. | 0.58% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Balanced Advantage | Kotak MSCI India ETF |
|---|---|---|
| Equity | 71.0% | 100.0% |
| Debt | 21.2% | 0.0% |
| Cash and others | 7.8% | 0.0% |
Market cap of stocks
| Market cap | ICICI Prudential Balanced Advantage | Kotak MSCI India ETF |
|---|---|---|
| Large Cap | 60.8% | 80.6% |
| Mid Cap | 6.8% | 19.4% |
| Small Cap | 3.1% | 0.0% |
| Not on AMFI's list | 0.2% | 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 | ICICI Prudential Balanced Advantage | Kotak MSCI India ETF |
|---|---|---|
| Banks | 13.4% | 20.3% |
| Automobiles | 9.5% | 6.2% |
| IT - Software | 0.0% | 6.6% |
| Petroleum Products | 3.1% | 6.4% |
| Finance | 3.2% | 6.3% |
| Retailing | 5.9% | 3.4% |
| Pharmaceuticals and Biotechnology | 0.0% | 5.6% |
| It - Software | 4.6% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Balanced Advantage vs Kotak MSCI India ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Balanced Advantage Fund | Kotak MSCI India ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.03% | Not available |
| Base expense ratio (Direct) | 0.71% | 0.00% |
| Total expense ratio (Regular) | 1.56% | Not available |
| Base expense ratio (Regular) | 1.15% | 0.17% |
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 ICICI Prudential Balanced Advantage with
- ICICI Prudential Balanced Advantage vs quant Dynamic Asset Allocation
- ICICI Prudential Balanced Advantage vs Aditya Birla Sun Life Balanced Advantage
- ICICI Prudential Balanced Advantage vs Baroda BNP Paribas Balanced Advantage
- ICICI Prudential Balanced Advantage vs Axis Balanced Advantage
- ICICI Prudential Balanced Advantage vs WhiteOak Capital Balanced Advantage
ICICI Prudential Balanced Advantage Fund vs Kotak MSCI India ETF: Frequently Asked Questions
What is the difference between ICICI Prudential Balanced Advantage Fund and Kotak MSCI India ETF?
ICICI Prudential Balanced Advantage Fund is a Balanced Advantage fund, Kotak MSCI India ETF is an ETF fund, run by ICICI Prudential Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 50.7%. ICICI Prudential Balanced Advantage Fund charges 1.03% a year and Kotak MSCI India ETF 0.24%.
Which has given higher returns, ICICI Prudential Balanced Advantage Fund or Kotak MSCI India ETF?
Over 1 year: ICICI Prudential Balanced Advantage Fund +0.30%, Kotak MSCI India ETF −8.03%. 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 MSCI India ETF?
Kotak MSCI India ETF charges less: 0.24% a year against 1.03%. These are the total expense ratios reported to AMFI.
How much do ICICI Prudential Balanced Advantage Fund and Kotak MSCI India ETF overlap?
50.7%. They hold 77 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Can I invest in both ICICI Prudential Balanced Advantage Fund and Kotak MSCI India ETF?
Yes. 50.7% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages ICICI Prudential Balanced Advantage Fund and Kotak MSCI India ETF?
ICICI Prudential Balanced Advantage Fund: Rajat Chandak, Manish Banthia, Akhil Kakkar, Sri Sharma, Sharmila D'silva. Kotak MSCI India ETF: Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar.
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.