ICICI Prudential Nifty 100 ETF vs Shriram Balanced Advantage Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
ICICI Prudential Nifty 100 ETF is an ETF fund and Shriram Balanced Advantage Fund is a Balanced Advantage fund. In the 3 years to 30-10-2026, ICICI Prudential Nifty 100 ETF returned 8.5% a year and Shriram Balanced Advantage Fund (Direct) returned 6.0% a year. ICICI Prudential Nifty 100 ETF charges 0.50% a year and Shriram Balanced Advantage Fund 0.90%. Their portfolios overlap 47.3%: they hold 38 of the same securities.
ICICI Prudential Nifty 100 ETF
ETF
- 3 year return
- 8.5%
- Expense ratio
- 0.50%
- NAV
- ₹26.77
Shriram Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 6.0%
- Expense ratio
- 0.90%
- NAV
- ₹18.32
Which is better, ICICI Prudential Nifty 100 ETF or Shriram 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 Nifty 100 ETF returned more over 5 years: 6.7% a year against 6.0%.
- ICICI Prudential Nifty 100 ETF returned more over 3 years: 8.5% a year against 6.0%.
- ICICI Prudential Nifty 100 ETF costs less: 0.50% a year against 0.90%.
- Shriram Balanced Advantage swung less over 3 years: a standard deviation of 10.0% a year against 13.7%.
- Shriram Balanced Advantage fell less in its worst fall since 12-07-2019: −14.6% against −37.9%.
- ICICI Prudential Nifty 100 ETF holds more in large companies: 98.0% of the fund in large caps against 54.5%.
- ICICI Prudential Nifty 100 ETF is the larger fund: ₹151 Cr against ₹41 Cr.
- Their portfolios overlap 47.3%: 38 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 Nifty 100 ETF | Shriram Balanced Advantage Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Shriram Mutual Fund |
| Category | ETF | Balanced Advantage |
| AUM | ₹151 Cr (30-09-2026) | ₹41 Cr (30-09-2026) |
| NAV | ₹26.77 | ₹18.32 (Direct) |
| Expense ratio (Direct) | Not available | 0.90% |
| Expense ratio (Regular) | Not available | 2.57% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 100 TRI | CRISIL Hybrid 50+50 - Moderate Index |
| Launch date | 20-08-2013 | 05-07-2019 |
| Minimum investment | During Ongoing/Continuous Offer: On Stock Exchanges: Investors can buy/sell units of the Scheme in round lot of 1 unit and in multiples thereof. Directly with the Mutual Fund: Investors can buy or sell units of the scheme in creation unit size and its mul | ₹500 |
| Lock in | None | None |
| Fund managers | Nishit Patel, Ajaykumar Solanki, Ashwini Bharucha, Venus Ahuja | Hitesh Savanth, Prateek Nigudkar, Amit Modani |
| Exit load | Not available | Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days. |
ICICI Prudential Nifty 100 ETF vs Shriram 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 |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Nifty 100 ETF | +1.00% | −5.43% | −3.23% | −9.17% | +8.54% | +6.69% | +11.17% |
| Shriram Balanced Advantage Fund (Direct) | +0.07% | −3.87% | −1.76% | −4.97% | +6.02% | +6.03% | -- |
| 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 Nifty 100 ETF vs Shriram Balanced Advantage: Year-wise Returns
| Year | ICICI Prudential Nifty 100 ETFICICI Prudential Nifty 100 ETF | Shriram Balanced AdvantageShriram Balanced Advantage |
|---|---|---|
| 2026to date | −9.71% | −6.00% |
| 2025 | +9.71% | +1.23% |
| 2024 | +12.38% | +11.41% |
| 2023 | +20.66% | +21.45% |
| 2022 | +4.43% | +4.57% |
| 2021 | +25.85% | +11.46% |
ICICI Prudential Nifty 100 ETF vs Shriram Balanced Advantage: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of ICICI Prudential Nifty 100 ETF
Rolling returns
Every 3-year holding period, 1,062 of them, one for each trading day from 12-07-2022 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 Nifty 100 ETF
Shriram Balanced Advantage Fund (Direct)
Nifty 100 TRI
to
Nov 2022Aug 2020
to
Aug 2023May 2021
to
May 2024Jan 2022
to
Jan 2025Oct 2022
to
Oct 2025Jun 2023
to
Jun 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential Nifty 100 ETF | 0.0 | 0.0 | 6.5 | 43.6 | 38.5 | 9.1 | 2.3 | 15.3% | 15.0% | 6.5% | 30.7% | 0% |
| Shriram Balanced Advantage | 0.0 | 0.0 | 25.0 | 74.2 | 0.9 | 0.0 | 0.0 | 11.2% | 11.3% | 5.3% | 15.4% | 0% |
| Nifty 100 TRI | 0.0 | 0.0 | 4.5 | 38.8 | 44.1 | 9.2 | 3.4 | 15.8% | 15.6% | 7.1% | 31.4% | -- |
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. 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 12-07-2019. Past returns do not promise future returns.
ICICI Prudential Nifty 100 ETF vs Shriram 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 01-07-2019 to 30-10-2026: 88 instalments, ₹8,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential Nifty 100 ETFICICI Prudential Nifty 100 ETF | ₹8,80,000 | ₹12,50,326 | ₹3,70,326 | 9.4% |
| Shriram Balanced AdvantageShriram Balanced Advantage Fund (Direct) | ₹8,80,000 | ₹11,27,435 | ₹2,47,435 | 6.7% |
ICICI Prudential Nifty 100 ETFICICI Prudential Nifty 100 ETF
Shriram Balanced AdvantageShriram 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 Nifty 100 ETF vs Shriram Balanced Advantage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Nifty 100 ETF | Shriram Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.17% | −4.97% |
| Standard deviation | 14.04% | 9.02% |
| Sharpe ratio | -1.03 | -1.13 |
| Sortino ratio | -1.36 | -1.51 |
| Maximum drawdown | −15.0% (31-03-2026) | −9.7% (30-03-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.48% | -- |
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 Nifty 100 ETF | Shriram Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.54% | +6.02% |
| Standard deviation | 13.69% | 10.03% |
| Sharpe ratio | 0.18 | -0.00 |
| Sortino ratio | 0.25 | -0.00 |
| Maximum drawdown | −17.4% (28-02-2025) | −13.7% (28-02-2025) |
| Beta | 1.00 | -- |
| Alpha | −0.54% | -- |
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 | ICICI Prudential Nifty 100 ETF | Shriram Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.69% | +6.03% |
| Standard deviation | 13.99% | 9.10% |
| Sharpe ratio | 0.06 | 0.03 |
| Sortino ratio | 0.09 | 0.03 |
| Maximum drawdown | −17.4% (28-02-2025) | −13.7% (28-02-2025) |
| Beta | 1.00 | -- |
| Alpha | −0.53% | -- |
From daily NAVs, 29-10-2021 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 Nifty 100 ETF | Shriram Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.23% | +8.63% |
| Standard deviation | 15.70% | 9.11% |
| Sharpe ratio | 0.46 | 0.38 |
| Sortino ratio | 0.63 | 0.51 |
| Maximum drawdown | −37.9% (23-03-2020) | −14.6% (23-03-2020) |
| Beta | 0.99 | -- |
| Alpha | −0.34% | -- |
From daily NAVs, 21-08-2013 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 Nifty 100 ETF
Shriram 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 |
|---|---|---|---|---|---|---|
| ICICI Prudential Nifty 100 ETF | −37.9% | 17-01-2020 | 23-03-2020 | 09-11-2020 | 8 months | −10.9% |
| Shriram Balanced Advantage Fund (Direct) | −14.6% | 13-02-2020 | 23-03-2020 | 09-07-2020 | 4 months | −9.2% |
| Nifty 100 TRI | −37.9% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −10.1% |
From daily values since 12-07-2019, 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 Nifty 100 ETF
Shriram 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.
ICICI Prudential Nifty 100 ETF
Shriram Balanced Advantage Fund (Direct)
Nifty 100 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ICICI Prudential Nifty 100 ETF
Shriram Balanced Advantage Fund (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential Nifty 100 ETF | 99% | 101% | 0.06% |
| Shriram Balanced Advantage Fund (Direct) | 58% | 49% | 9.99% |
From month-end values since 12-07-2019. 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.
ICICI Prudential Nifty 100 ETF vs Shriram Balanced Advantage: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Nifty 100 ETF, September 2026; Shriram Balanced Advantage Fund, September 2026
Holdings in common
- Overlap
- 47.3%
- Held by both
- 38
- Only in ICICI Prudential Nifty 100 ETF
- 62
- Only in Shriram Balanced Advantage
- 39
| Security | % of ICICI Prudential Nifty 100 ETF | % of Shriram Balanced Advantage |
|---|---|---|
| HDFC Bank Ltd. | 8.41% | 4.97% |
| ICICI Bank Ltd. | 7.34% | 4.09% |
| Reliance Industries Ltd. | 6.15% | 3.99% |
| State Bank Of India | 3.07% | 3.06% |
| Bharti Airtel Ltd. | 4.14% | 2.85% |
| Axis Bank Ltd. | 2.73% | 2.27% |
| Mahindra & Mahindra Ltd. | 2.04% | 2.50% |
| Infosys Ltd. | 2.72% | 1.97% |
| ITC Ltd. | 1.96% | 2.30% |
| Sun Pharmaceutical Industries Ltd. | 1.49% | 2.39% |
| Kotak Mahindra Bank Ltd. | 2.38% | 1.46% |
| Eternal Ltd. | 1.80% | 1.29% |
| Larsen & Toubro Ltd. | 3.41% | 1.10% |
| Tata Consultancy Services Ltd. | 1.62% | 1.08% |
| Maruti Suzuki India Ltd. | 1.20% | 1.08% |
| Bharat Electronics Ltd. | 1.08% | 1.50% |
| NTPC Ltd. | 1.19% | 1.02% |
| HCL Technologies Ltd. | 1.00% | 1.77% |
| Power Grid Corporation Of India Ltd. | 0.91% | 1.06% |
| Interglobe Aviation Ltd. | 0.87% | 1.45% |
| Adani Ports and Special Economic Zone Ltd. | 1.09% | 0.82% |
| Eicher Motors Ltd. | 0.76% | 0.68% |
| TVS Motor Company Ltd. | 0.75% | 0.67% |
| Divi's Laboratories Ltd. | 0.91% | 0.64% |
| SBI Life Insurance Company Ltd. | 0.59% | 1.28% |
| Oil & Natural Gas Corporation Ltd. | 0.68% | 0.59% |
| Cipla Ltd. | 0.59% | 0.87% |
| Varun Beverages Ltd. | 0.46% | 1.03% |
| TML Commercial Vehicles Ltd. | 0.68% | 0.42% |
| Bharat Petroleum Corporation Ltd. | 0.47% | 0.41% |
| Bajaj Holdings & Investment Ltd. | 0.36% | 1.56% |
| DLF Ltd. | 0.33% | 0.33% |
| HDFC Life Insurance Company Ltd. | 0.43% | 0.26% |
| Muthoot Finance Ltd. | 0.23% | 0.28% |
| Coal India Ltd. | 0.79% | 0.20% |
| Apollo Hospitals Enterprise Ltd. | 0.65% | 0.20% |
| Ambuja Cements Ltd. | 0.18% | 0.95% |
| Siemens Ltd. | 0.25% | 0.13% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 47.3% means 47.3% 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 Nifty 100 ETF
| Security | % of fund |
|---|---|
| Bajaj Finance Ltd. | 2.03% |
| Titan Company Ltd. | 1.47% |
| Hindustan Unilever Ltd. | 1.29% |
| Tata Steel Ltd. | 1.18% |
| Shriram Finance Ltd. | 1.07% |
Largest holdings only in Shriram Balanced Advantage Fund
| Security | % of fund |
|---|---|
| 8.54% REC LTD NCD RED 15-11-28 | 6.16% |
| BANK OF BARODA CD RED 12-02-27 | 5.96% |
| 6.54% GOVT OF INDIA RED 17-01-2032 | 4.85% |
| UNION BANK OF INDIA CD RED 22-02-2027 | 4.76% |
| Rainbow Children's Medicare Ltd. | 0.91% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Nifty 100 ETF | Shriram Balanced Advantage |
|---|---|---|
| Equity | 100.0% | 69.4% |
| Debt | 0.0% | 21.7% |
| Cash and others | 0.0% | 8.9% |
Market cap of stocks
| Market cap | ICICI Prudential Nifty 100 ETF | Shriram Balanced Advantage |
|---|---|---|
| Large Cap | 98.0% | 54.5% |
| Mid Cap | 2.0% | 4.6% |
| Small Cap | 0.0% | 9.9% |
| Not on AMFI's list | 0.0% | 0.3% |
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 | ICICI Prudential Nifty 100 ETF | Shriram Balanced Advantage |
|---|---|---|
| Banks | 25.1% | 15.8% |
| Petroleum Products | 7.0% | 4.5% |
| It - Software | 6.7% | 0.0% |
| Automobiles | 6.4% | 4.9% |
| Finance | 6.2% | 2.3% |
| Pharmaceuticals & Biotechnology | 4.3% | 4.8% |
| IT - Software | 0.0% | 4.8% |
| Telecom - Services | 4.4% | 2.9% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Nifty 100 ETF vs Shriram Balanced Advantage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Nifty 100 ETF | Shriram Balanced Advantage Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.90% |
| Base expense ratio (Direct) | 0.00% | 0.64% |
| Total expense ratio (Regular) | Not available | 2.57% |
| Base expense ratio (Regular) | 0.41% | 2.09% |
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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ICICI Prudential Nifty 100 ETF vs Shriram Balanced Advantage Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Nifty 100 ETF and Shriram Balanced Advantage Fund?
ICICI Prudential Nifty 100 ETF is an ETF fund, Shriram Balanced Advantage Fund is a Balanced Advantage fund, run by ICICI Prudential Mutual Fund and Shriram Mutual Fund. Their portfolios overlap 47.3%. ICICI Prudential Nifty 100 ETF charges 0.50% a year and Shriram Balanced Advantage Fund 0.90%.
Which has given higher returns, ICICI Prudential Nifty 100 ETF or Shriram Balanced Advantage Fund?
Over 1 year: ICICI Prudential Nifty 100 ETF −9.17%, Shriram Balanced Advantage Fund −4.97%. Over 3 years: ICICI Prudential Nifty 100 ETF +8.54% a year, Shriram Balanced Advantage Fund +6.02% a year. Over 5 years: ICICI Prudential Nifty 100 ETF +6.69% a year, Shriram Balanced Advantage Fund +6.03% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Nifty 100 ETF or Shriram Balanced Advantage Fund?
ICICI Prudential Nifty 100 ETF charges less: 0.50% a year against 0.90%. These are the total expense ratios reported to AMFI.
How much do ICICI Prudential Nifty 100 ETF and Shriram Balanced Advantage Fund overlap?
47.3%. They hold 38 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, ICICI Prudential Nifty 100 ETF or Shriram Balanced Advantage Fund?
On SEBI's riskometer, ICICI Prudential Nifty 100 ETF is rated Very High and Shriram Balanced Advantage Fund Very High. Over 3 years, the standard deviation of daily returns was 13.69% and 10.03% a year.
Which is better for SIP, ICICI Prudential Nifty 100 ETF or Shriram Balanced Advantage Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,01,218 in ICICI Prudential Nifty 100 ETF (XIRR 5.4% a year) and ₹6,79,794 in Shriram Balanced Advantage Fund (XIRR 4.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Nifty 100 ETF and Shriram Balanced Advantage Fund?
Yes. 47.3% 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 Nifty 100 ETF and Shriram Balanced Advantage Fund?
ICICI Prudential Nifty 100 ETF: Nishit Patel, Ajaykumar Solanki, Ashwini Bharucha, Venus Ahuja. Shriram Balanced Advantage Fund: Hitesh Savanth, Prateek Nigudkar, Amit Modani.
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.