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    ICICI Prudential Nifty 500 Index Fund vs Kotak Balanced Advantage Fund

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

    ICICI Prudential Nifty 500 Index Fund is an Index fund and Kotak Balanced Advantage Fund is a Balanced Advantage fund. In the year to 30-10-2026, ICICI Prudential Nifty 500 Index Fund (Direct) returned −7.9% and Kotak Balanced Advantage Fund (Direct) returned −1.6%. ICICI Prudential Nifty 500 Index Fund charges 0.46% a year and Kotak Balanced Advantage Fund 0.82% (Direct plans). Their portfolios overlap 47.6%: they hold 120 of the same securities.

    ICICI Prudential Nifty 500 Index Fund

    Index

    1 year return
    −7.9%
    Expense ratio
    0.46%
    NAV
    ₹9.89
    See ICICI Prudential Nifty 500 Index Fund

    Kotak Balanced Advantage Fund

    Balanced Advantage

    1 year return
    −1.6%
    Expense ratio
    0.82%
    NAV
    ₹22.45
    See Kotak Balanced Advantage Fund

    Which is better, ICICI Prudential Nifty 500 Index 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.

    • Kotak Balanced Advantage returned more over 1 year: −1.6% against −7.9%.
    • ICICI Prudential Nifty 500 Index costs less: 0.46% a year against 0.82% (Direct plans).
    • Kotak Balanced Advantage fell less in its worst fall since 23-12-2024: −8.4% against −14.8%.
    • ICICI Prudential Nifty 500 Index holds more in large companies: 67.2% of the fund in large caps against 51.1%.
    • Kotak Balanced Advantage is the larger fund: ₹16,618 Cr against ₹102 Cr.
    • Their portfolios overlap 47.6%: 120 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 Nifty 500 Index FundKotak Balanced Advantage Fund
    Fund houseICICI Prudential Mutual FundKotak Mahindra Mutual Fund
    CategoryIndexBalanced Advantage
    AUM₹102 Cr (30-09-2026)₹16,618 Cr (30-09-2026)
    NAV₹9.89 (Direct)₹22.45 (Direct)
    Expense ratio (Direct)0.46%0.82%
    Expense ratio (Regular)1.01%1.88%
    RiskometerNot availableVery High
    BenchmarkNifty 500 TRINIFTY 50 Hybrid composite debt 50:50 Index (Total Return
    Launch date20-12-202403-08-2018
    Minimum investment₹100₹100
    Lock inNoneNone
    Fund managersNishit Patel, Ashwini Bharucha, Venus AhujaRohit Tandon, Hiten Shah, Abhishek Bisen
    Exit loadNilExit load for units in excess of 8% of the investment,1% will be charged for redemption within 180 days

    ICICI Prudential Nifty 500 Index 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 Nifty 500 Index Fund (Direct)−0.78%−6.22%−3.14%−7.92%------
    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 Nifty 500 Index vs Kotak Balanced Advantage: Year-wise Returns

    YearICICI Prudential Nifty 500 IndexICICI Prudential Nifty 500 IndexKotak Balanced AdvantageKotak Balanced Advantage
    2026to date−8.01%−2.17%
    2025+7.36%+7.13%
    2024--+15.67%
    2023--+17.42%
    2022--+5.06%
    2021--+14.43%

    ICICI Prudential Nifty 500 Index vs Kotak Balanced Advantage: Rolling Returns

    Every holding period of both funds, against Nifty 500 TRI, the benchmark of ICICI Prudential Nifty 500 Index Fund

    Rolling returns

    Every 1-year holding period, 209 of them, one for each trading day from 23-12-2025 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.

    −10%−5%0%5%10%15%20%
    Jan 2025
    to
    Jan 2026    Mar 2025
    to
    Mar 2026    May 2025
    to
    May 2026    Jun 2025
    to
    Jun 2026    Aug 2025
    to
    Aug 2026    Oct 2025
    to
    Oct 2026
    ICICI Prudential Nifty 500 Index Fund (Direct)Kotak Balanced Advantage Fund (Direct)Nifty 500 TRI

    How the periods spread

    FundBelow 0%0-5%5-10%10-15%15-20%20-25%Above 25%MeanMedianLowestHighestBeat benchmark
    ICICI Prudential Nifty 500 Index34.928.225.89.61.40.00.02.9%2.1%−9.5%15.1%0%
    Kotak Balanced Advantage8.147.835.98.10.00.00.04.6%4.2%−2.9%13.0%65%
    Nifty 500 TRI28.231.627.89.62.90.00.03.5%2.7%−9.0%15.9%--

    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 500 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 23-12-2024. Past returns do not promise future returns.

    ICICI Prudential Nifty 500 Index 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 23-12-2024 to 30-10-2026: 23 instalments, ₹2,30,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    ICICI Prudential Nifty 500 IndexICICI Prudential Nifty 500 Index Fund (Direct) ₹2,30,000 ₹2,24,200 −₹5,800 −2.6%
    Kotak Balanced AdvantageKotak Balanced Advantage Fund (Direct) ₹2,30,000 ₹2,33,370 ₹3,370 1.5%
    ₹0₹50,000₹1.0 L₹1.5 L₹2.0 L₹2.5 L
    20252026
    ICICI Prudential Nifty 500 IndexICICI Prudential Nifty 500 Index 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 Nifty 500 Index 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 Nifty 500 Index Fund (Direct)Kotak Balanced Advantage Fund (Direct)
    Return (CAGR)−7.92%−1.56%
    Standard deviation14.31%8.92%
    Sharpe ratio-0.92-0.76
    Sortino ratio-1.22-1.02
    Maximum drawdown−14.8% (30-03-2026)−8.4% (30-03-2026)
    Beta1.00--
    Alpha−0.64%--

    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.

    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.

    −15%−10%−5%0%
    20252026
    ICICI Prudential Nifty 500 Index Fund (Direct)Kotak Balanced Advantage Fund (Direct)Nifty 500 TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    ICICI Prudential Nifty 500 Index Fund (Direct)−14.8%02-01-202630-03-2026Not yet--−8.9%
    Kotak Balanced Advantage Fund (Direct)−8.4%02-01-202630-03-202602-07-20263 months−4.4%
    Nifty 500 TRI−14.7%02-01-202630-03-2026Not yet--−8.4%

    From daily values since 23-12-2024, 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.

    0%5%10%15%
    2026
    ICICI Prudential Nifty 500 Index Fund (Direct)Kotak Balanced Advantage Fund (Direct)Nifty 500 TRI

    Against Nifty 500 TRI

    FundUp captureDown captureTracking error
    ICICI Prudential Nifty 500 Index Fund (Direct)97%100%0.29%
    Kotak Balanced Advantage Fund (Direct)69%58%6.64%

    From month-end values since 23-12-2024. 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 500 Index vs Kotak Balanced Advantage: Portfolio Overlap

    From each fund's latest monthly portfolio: ICICI Prudential Nifty 500 Index Fund, September 2026; Kotak Balanced Advantage Fund, September 2026

    Holdings in common

    Overlap
    47.6%
    Held by both
    120
    Only in ICICI Prudential Nifty 500 Index
    379
    Only in Kotak Balanced Advantage
    70
    Security% of ICICI Prudential Nifty 500 Index% of Kotak Balanced Advantage
    ICICI Bank Ltd.4.94%4.93%
    Reliance Industries Ltd.4.14%3.36%
    HDFC Bank Ltd.5.66%3.16%
    Bharti Airtel Ltd.2.79%2.38%
    State Bank Of India2.07%3.64%
    Larsen & Toubro Ltd.2.29%1.99%
    Infosys Ltd.1.83%1.48%
    Bajaj Finance Ltd.1.36%1.75%
    Axis Bank Ltd.1.84%1.30%
    Mahindra & Mahindra Ltd.1.37%1.29%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 47.6% means 47.6% 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 500 Index Fund

    Security% of fund
    HCL Technologies Ltd.0.68%
    BSE Ltd.0.66%
    Divi's Laboratories Ltd.0.61%
    Grasim Industries Ltd.0.60%
    Trent Ltd.0.45%

    Largest holdings only in Kotak Balanced Advantage Fund

    Security% of fund
    Central Government - 20645.67%
    Power Finance Corporation Ltd.1.49%
    JTPM METAL TRADERS PVT LTD ( CATALYST TRUSTEESHIP LIMITE)1.30%
    National Housing Bank1.15%
    KNOWLEDGE REALTY TRUST0.92%

    Asset and sector split

    Share of each fund, from its latest monthly portfolio

    Asset allocation

    AssetICICI Prudential Nifty 500 IndexKotak Balanced Advantage
    Equity99.4%70.2%
    Debt0.0%20.3%
    Cash and others0.6%9.5%

    Market cap of stocks

    Market capICICI Prudential Nifty 500 IndexKotak Balanced Advantage
    Large Cap67.2%51.1%
    Mid Cap20.8%9.0%
    Small Cap11.3%9.6%
    Not on AMFI's list0.1%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 Nifty 500 IndexKotak Balanced Advantage
    Banks19.4%14.6%
    Finance6.5%3.5%
    Pharmaceuticals & Biotechnology5.8%0.0%
    It - Software5.7%0.0%
    Petroleum Products5.0%4.0%
    Automobiles4.9%3.5%
    IT - Software0.0%4.3%
    Auto Components2.5%3.1%

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

    ICICI Prudential Nifty 500 Index vs Kotak Balanced Advantage: Expense Ratio

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

    ChargeICICI Prudential Nifty 500 Index FundKotak Balanced Advantage Fund
    Total expense ratio (Direct)0.46%0.82%
    Base expense ratio (Direct)0.25%0.54%
    Total expense ratio (Regular)1.01%1.88%
    Base expense ratio (Regular)0.72%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 Nifty 500 Index Fund vs Kotak Balanced Advantage Fund: Frequently Asked Questions

    What is the difference between ICICI Prudential Nifty 500 Index Fund and Kotak Balanced Advantage Fund?

    ICICI Prudential Nifty 500 Index Fund is an Index fund, Kotak Balanced Advantage Fund is a Balanced Advantage fund, run by ICICI Prudential Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 47.6%. ICICI Prudential Nifty 500 Index Fund charges 0.46% a year and Kotak Balanced Advantage Fund 0.82%.

    Which has given higher returns, ICICI Prudential Nifty 500 Index Fund or Kotak Balanced Advantage Fund?

    Over 1 year: ICICI Prudential Nifty 500 Index Fund −7.92%, Kotak Balanced Advantage Fund −1.56%. As on 30-10-2026. Past returns do not promise future returns.

    Which has the lower expense ratio, ICICI Prudential Nifty 500 Index Fund or Kotak Balanced Advantage Fund?

    ICICI Prudential Nifty 500 Index Fund charges less: 0.46% a year against 0.82%. These are the Direct plans' total expense ratios reported to AMFI.

    How much do ICICI Prudential Nifty 500 Index Fund and Kotak Balanced Advantage Fund overlap?

    47.6%. They hold 120 of the same securities, the largest shared ones being ICICIBANK, RELIANCE, HDFCBANK. From each fund's latest monthly portfolio.

    Can I invest in both ICICI Prudential Nifty 500 Index Fund and Kotak Balanced Advantage Fund?

    Yes. 47.6% 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 500 Index Fund and Kotak Balanced Advantage Fund?

    ICICI Prudential Nifty 500 Index Fund: Nishit Patel, Ashwini Bharucha, Venus Ahuja. 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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