ICICI Prudential Balanced Advantage Fund vs UTI Nifty 500 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Balanced Advantage Fund is a Balanced Advantage fund and UTI Nifty 500 Index Fund is an Index fund. ICICI Prudential Balanced Advantage Fund charges 1.03% a year and UTI Nifty 500 Index Fund 1.85% (Direct plans). Their portfolios overlap 49.1%: they hold 97 of the same securities.
ICICI Prudential Balanced Advantage Fund
Balanced Advantage
- Expense ratio
- 1.03%
- NAV
- ₹85.81
Which is better, ICICI Prudential Balanced Advantage or UTI Nifty 500 Index? 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 costs less: 1.03% a year against 1.85% (Direct plans).
- ICICI Prudential Balanced Advantage fell less in its worst fall since 31-08-2026: −6.1% against −8.6%.
- ICICI Prudential Balanced Advantage is the larger fund: ₹71,913 Cr against ₹102 Cr.
- Their portfolios overlap 49.1%: 97 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 | UTI Nifty 500 Index Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | UTI Mutual Fund |
| Category | Balanced Advantage | Index |
| AUM | ₹71,913 Cr (30-09-2026) | ₹102 Cr (30-09-2026) |
| NAV | ₹85.81 (Direct) | ₹9.31 (Direct) |
| Expense ratio (Direct) | 1.03% | 1.85% |
| Expense ratio (Regular) | 1.56% | 2.56% |
| Riskometer | Not available | Very High |
| Benchmark | CRISIL Hybrid 50+50 - Moderate Index | Nifty 500 TRI |
| Launch date | 30-12-2006 | 27-08-2026 |
| Minimum investment | ₹500 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Rajat Chandak, Manish Banthia, Akhil Kakkar, Sri Sharma, Sharmila D'silva | Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3 |
| 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 UTI Nifty 500 Index: 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% |
| UTI Nifty 500 Index Fund (Direct) | −0.77% | -- | -- | -- | -- | -- | -- |
| 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 UTI Nifty 500 Index: Year-wise Returns
| Year | ICICI Prudential Balanced AdvantageICICI Prudential Balanced Advantage | UTI Nifty 500 IndexUTI Nifty 500 Index |
|---|---|---|
| 2026to date | −1.16% | -- |
| 2025 | +12.87% | -- |
| 2024 | +12.98% | -- |
| 2023 | +17.24% | -- |
| 2022 | +8.62% | -- |
| 2021 | +15.86% | -- |
ICICI Prudential Balanced Advantage vs UTI Nifty 500 Index: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of UTI Nifty 500 Index Fund
ICICI Prudential Balanced Advantage vs UTI Nifty 500 Index: 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) | UTI Nifty 500 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.24% | −33.99% |
| Standard deviation | 8.87% | 13.15% |
| Sharpe ratio | 0.70 | -2.99 |
| Sortino ratio | 0.95 | -3.45 |
| Maximum drawdown | −27.0% (23-03-2020) | −8.6% (23-10-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.23% |
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)
UTI Nifty 500 Index Fund (Direct)
Nifty 500 TRI
| 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) | −6.1% | 31-08-2026 | 23-10-2026 | Not yet | -- | −4.4% |
| UTI Nifty 500 Index Fund (Direct) | −8.6% | 31-08-2026 | 23-10-2026 | Not yet | -- | −6.6% |
| Nifty 500 TRI | −8.6% | 31-08-2026 | 23-10-2026 | Not yet | -- | −6.6% |
From daily values since 31-08-2026, the first day every fund has.
ICICI Prudential Balanced Advantage vs UTI Nifty 500 Index: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Balanced Advantage Fund, September 2026; UTI Nifty 500 Index Fund, September 2026
Holdings in common
- Overlap
- 49.1%
- Held by both
- 97
- Only in ICICI Prudential Balanced Advantage
- 111
- Only in UTI Nifty 500 Index
- 399
| Security | % of ICICI Prudential Balanced Advantage | % of UTI Nifty 500 Index |
|---|---|---|
| ICICI Bank Ltd. | 4.15% | 4.94% |
| HDFC Bank Ltd. | 3.41% | 5.67% |
| Reliance Industries Ltd. | 2.54% | 4.14% |
| State Bank Of India | 1.97% | 2.07% |
| Bharti Airtel Ltd. | 1.91% | 2.79% |
| Larsen & Toubro Ltd. | 1.86% | 2.30% |
| Axis Bank Ltd. | 2.04% | 1.84% |
| Infosys Ltd. | 2.27% | 1.83% |
| Kotak Mahindra Bank Ltd. | 1.57% | 1.60% |
| Eternal Ltd. | 2.18% | 1.21% |
| Mahindra & Mahindra Ltd. | 1.08% | 1.38% |
| Titan Company Ltd. | 1.02% | 0.99% |
| Bajaj Finance Ltd. | 0.99% | 1.37% |
| Maruti Suzuki India Ltd. | 1.79% | 0.81% |
| NTPC Ltd. | 0.92% | 0.80% |
| Tata Steel Ltd. | 0.81% | 0.80% |
| Sun Pharmaceutical Industries Ltd. | 0.77% | 1.00% |
| Shriram Finance Ltd. | 0.73% | 0.72% |
| Hindalco Industries Ltd. | 0.77% | 0.71% |
| HCL Technologies Ltd. | 1.08% | 0.68% |
| Ultratech Cement Ltd. | 0.68% | 0.68% |
| Interglobe Aviation Ltd. | 1.48% | 0.59% |
| Bajaj Finserv Ltd. | 0.55% | 0.53% |
| Bharat Electronics Ltd. | 0.53% | 0.73% |
| Tech Mahindra Ltd. | 0.54% | 0.51% |
| Adani Ports and Special Economic Zone Ltd. | 0.50% | 0.74% |
| TVS Motor Company Ltd. | 6.31% | 0.50% |
| Trent Ltd. | 1.28% | 0.46% |
| TML Commercial Vehicles Ltd. | 0.98% | 0.46% |
| Hindustan Aeronautics Ltd. | 0.58% | 0.46% |
| Apollo Hospitals Enterprise Ltd. | 0.79% | 0.44% |
| Multi Commodity Exchange Of India Ltd. | 0.53% | 0.44% |
| Tata Consultancy Services Ltd. | 0.43% | 1.09% |
| SBI Life Insurance Company Ltd. | 0.71% | 0.40% |
| Divi's Laboratories Ltd. | 0.39% | 0.62% |
| Cipla Ltd. | 0.38% | 0.40% |
| Samvardhana Motherson International Ltd. | 0.81% | 0.38% |
| Cholamandalam Investment And Finance Company Ltd. | 0.71% | 0.37% |
| Torrent Pharmaceuticals Ltd. | 0.36% | 0.37% |
| Cummins India Ltd. | 0.46% | 0.34% |
| Vedanta Aluminium Metal Ltd. | 0.32% | 0.36% |
| Avenue Supermarts Ltd. | 1.58% | 0.32% |
| Bharat Petroleum Corporation Ltd. | 0.32% | 0.32% |
| CG Power and Industrial Solutions Ltd. | 0.48% | 0.31% |
| The Indian Hotels Company Ltd. | 0.30% | 0.33% |
| Britannia Industries Ltd. | 1.08% | 0.30% |
| Eicher Motors Ltd. | 0.30% | 0.51% |
| HDFC Life Insurance Company Ltd. | 0.30% | 0.29% |
| Life Insurance Corporation of India | 0.81% | 0.26% |
| IndusInd Bank Ltd. | 0.25% | 0.31% |
| Info Edge (India) Ltd. | 0.35% | 0.25% |
| COFORGE Ltd. | 0.25% | 0.32% |
| HDFC Asset Management Company Ltd. | 0.78% | 0.24% |
| Pidilite Industries Ltd. | 0.40% | 0.24% |
| Hindustan Unilever Ltd. | 0.24% | 0.87% |
| Lenskart Solutions Ltd. | 0.23% | 0.26% |
| Indus Towers Ltd. | 0.23% | 0.25% |
| FSN E-Commerce Ventures Ltd. | 0.26% | 0.23% |
| Polycab India Ltd. | 0.64% | 0.22% |
| Vedanta Ltd. | 0.20% | 0.24% |
| EMBASSY OFFICE PARKS REIT | 2.80% | 0.20% |
| PB Fintech Ltd. | 0.57% | 0.20% |
| ICICI Lombard General Insurance Company Ltd. | 0.25% | 0.20% |
| Sona Blw Precision Forgings Ltd. | 0.60% | 0.19% |
| The Phoenix Mills Ltd. | 0.48% | 0.19% |
| Hindustan Petroleum Corporation Ltd. | 0.29% | 0.18% |
| Dr. Reddy's Laboratories Ltd. | 0.17% | 0.39% |
| Apar Industries Ltd. | 0.19% | 0.17% |
| Muthoot Finance Ltd. | 0.22% | 0.15% |
| Jindal Steel Ltd. | 0.15% | 0.22% |
| Ge Vernova T&D India Ltd. | 0.14% | 0.27% |
| ITC Ltd. | 0.14% | 1.32% |
| 360 One Wam Ltd. | 0.83% | 0.14% |
| ABB India Ltd. | 0.14% | 0.19% |
| Shree Cements Ltd. | 0.13% | 0.16% |
| Brookfield India Real Estate Trust REIT | 0.36% | 0.12% |
| Mankind Pharma Ltd. | 0.11% | 0.15% |
| PI Industries Ltd. | 0.48% | 0.10% |
| Neuland Laboratories Ltd. | 0.13% | 0.10% |
| Angel One Ltd. | 0.24% | 0.09% |
| Jubilant Foodworks Ltd. | 0.11% | 0.09% |
| Voltas Ltd. | 0.09% | 0.13% |
| NHPC Ltd. | 0.08% | 0.14% |
| Computer Age Management Services Ltd. | 0.12% | 0.08% |
| JSW Steel Ltd. | 0.08% | 0.63% |
| Asian Paints Ltd. | 0.08% | 0.57% |
| Max Financial Services Ltd. | 0.07% | 0.19% |
| MAX Healthcare Institute Ltd | 0.06% | 0.36% |
| Container Corporation Of India Ltd. | 0.06% | 0.08% |
| Mphasis Ltd. | 0.05% | 0.15% |
| Netweb Technologies India | 0.35% | 0.05% |
| Motherson Sumi Wiring India Ltd. | 0.22% | 0.05% |
| Atul Ltd. | 0.13% | 0.05% |
| RR Kabel Ltd. | 0.51% | 0.04% |
| Pg Electroplast Ltd. | 0.25% | 0.04% |
| Azad Engineering Ltd | 0.14% | 0.04% |
| Canara HSBC Life Insurance Co Ltd | 0.18% | 0.03% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 49.1% means 49.1% 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 Securities | 2.71% |
| Government Securities | 1.09% |
| Cholamandalam Investment And Finance Company Ltd. | 0.97% |
| Government Securities | 0.81% |
| Government Securities | 0.77% |
Largest holdings only in UTI Nifty 500 Index Fund
| Security | % of fund |
|---|---|
| EQ - BSE LTD | 0.66% |
| EQ - POWER GRID CORPORATION OF INDI | 0.62% |
| EQ - BAJAJ AUTO LTD. | 0.62% |
| EQ - GRASIM INDUSTRIES LTD. | 0.60% |
| EQ - COAL INDIA LTD. | 0.53% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Balanced Advantage | UTI Nifty 500 Index |
|---|---|---|
| Equity | 71.0% | 99.6% |
| Debt | 21.2% | 0.0% |
| Cash and others | 7.8% | 0.4% |
Market cap of stocks
| Market cap | ICICI Prudential Balanced Advantage | UTI Nifty 500 Index |
|---|---|---|
| Large Cap | 60.8% | 67.3% |
| Mid Cap | 6.8% | 20.9% |
| Small Cap | 3.1% | 11.3% |
| Not on AMFI's list | 0.2% | 0.1% |
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 | UTI Nifty 500 Index |
|---|---|---|
| Banks | 13.4% | 19.3% |
| Automobiles | 9.5% | 4.9% |
| Finance | 3.2% | 6.5% |
| Retailing | 5.9% | 3.3% |
| Pharmaceuticals & Biotechnology | 2.3% | 5.8% |
| IT - Software | 0.0% | 5.7% |
| Petroleum Products | 3.1% | 5.0% |
| It - Software | 4.6% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Balanced Advantage vs UTI Nifty 500 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Balanced Advantage Fund | UTI Nifty 500 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.03% | 1.85% |
| Base expense ratio (Direct) | 0.71% | 0.13% |
| Total expense ratio (Regular) | 1.56% | 2.56% |
| Base expense ratio (Regular) | 1.15% | 0.73% |
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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ICICI Prudential Balanced Advantage Fund vs UTI Nifty 500 Index Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Balanced Advantage Fund and UTI Nifty 500 Index Fund?
ICICI Prudential Balanced Advantage Fund is a Balanced Advantage fund, UTI Nifty 500 Index Fund is an Index fund, run by ICICI Prudential Mutual Fund and UTI Mutual Fund. Their portfolios overlap 49.1%. ICICI Prudential Balanced Advantage Fund charges 1.03% a year and UTI Nifty 500 Index Fund 1.85%.
Which has the lower expense ratio, ICICI Prudential Balanced Advantage Fund or UTI Nifty 500 Index Fund?
ICICI Prudential Balanced Advantage Fund charges less: 1.03% a year against 1.85%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Balanced Advantage Fund and UTI Nifty 500 Index Fund overlap?
49.1%. They hold 97 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 UTI Nifty 500 Index Fund?
Yes. 49.1% 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 UTI Nifty 500 Index Fund?
ICICI Prudential Balanced Advantage Fund: Rajat Chandak, Manish Banthia, Akhil Kakkar, Sri Sharma, Sharmila D'silva. UTI Nifty 500 Index Fund: Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3.
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.