Kotak Balanced Advantage Fund vs UTI Nifty 500 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Balanced Advantage Fund is a Balanced Advantage fund and UTI Nifty 500 Index Fund is an Index fund. Kotak Balanced Advantage Fund charges 0.82% a year and UTI Nifty 500 Index Fund 1.85% (Direct plans). Their portfolios overlap 47.6%: they hold 120 of the same securities.
Kotak Balanced Advantage Fund
Balanced Advantage
- Expense ratio
- 0.82%
- NAV
- ₹22.45
Which is better, Kotak 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.
- Kotak Balanced Advantage costs less: 0.82% a year against 1.85% (Direct plans).
- Kotak Balanced Advantage fell less in its worst fall since 31-08-2026: −5.3% against −8.6%.
- UTI Nifty 500 Index holds more in large companies: 67.3% 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
| Fact | Kotak Balanced Advantage Fund | UTI Nifty 500 Index Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | UTI Mutual Fund |
| Category | Balanced Advantage | Index |
| AUM | ₹16,618 Cr (30-09-2026) | ₹102 Cr (30-09-2026) |
| NAV | ₹22.45 (Direct) | ₹9.31 (Direct) |
| Expense ratio (Direct) | 0.82% | 1.85% |
| Expense ratio (Regular) | 1.88% | 2.56% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 50 Hybrid composite debt 50:50 Index (Total Return | Nifty 500 TRI |
| Launch date | 03-08-2018 | 27-08-2026 |
| Minimum investment | ₹100 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Rohit Tandon, Hiten Shah, Abhishek Bisen | Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3 |
| Exit load | Exit load for units in excess of 8% of the investment,1% will be charged for redemption within 180 days | Nil |
Kotak 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 |
|---|---|---|---|---|---|---|---|
| Kotak Balanced Advantage Fund (Direct) | −0.31% | −3.11% | +0.22% | −1.56% | +9.18% | +8.44% | -- |
| UTI Nifty 500 Index Fund (Direct) | −0.77% | -- | -- | -- | -- | -- | -- |
| 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.
Kotak Balanced Advantage vs UTI Nifty 500 Index: Year-wise Returns
| Year | Kotak Balanced AdvantageKotak Balanced Advantage | UTI Nifty 500 IndexUTI Nifty 500 Index |
|---|---|---|
| 2026to date | −2.17% | -- |
| 2025 | +7.13% | -- |
| 2024 | +15.67% | -- |
| 2023 | +17.42% | -- |
| 2022 | +5.06% | -- |
| 2021 | +14.43% | -- |
Kotak 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
Kotak 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 | Kotak Balanced Advantage Fund (Direct) | UTI Nifty 500 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.31% | −33.99% |
| Standard deviation | 9.51% | 13.15% |
| Sharpe ratio | 0.53 | -2.99 |
| Sortino ratio | 0.70 | -3.45 |
| Maximum drawdown | −26.3% (23-03-2020) | −8.6% (23-10-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.23% |
From daily NAVs, 10-08-2018 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.
Kotak 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 |
|---|---|---|---|---|---|---|
| Kotak Balanced Advantage Fund (Direct) | −5.3% | 31-08-2026 | 23-10-2026 | Not yet | -- | −3.9% |
| 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.
Kotak Balanced Advantage vs UTI Nifty 500 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Balanced Advantage Fund, September 2026; UTI Nifty 500 Index Fund, September 2026
Holdings in common
- Overlap
- 47.6%
- Held by both
- 120
- Only in Kotak Balanced Advantage
- 70
- Only in UTI Nifty 500 Index
- 376
| Security | % of Kotak Balanced Advantage | % of UTI Nifty 500 Index |
|---|---|---|
| ICICI BANK LTD. | 4.93% | 4.94% |
| RELIANCE INDUSTRIES LTD. | 3.36% | 4.14% |
| HDFC BANK LTD. | 3.16% | 5.67% |
| BHARTI AIRTEL LTD. | 2.38% | 2.79% |
| STATE BANK OF INDIA. | 3.64% | 2.07% |
| Larsen and Toubro Ltd. | 1.99% | 2.30% |
| Infosys Ltd. | 1.48% | 1.83% |
| BAJAJ FINANCE LTD. | 1.75% | 1.37% |
| AXIS BANK LTD. | 1.30% | 1.84% |
| Mahindra & Mahindra Ltd. | 1.29% | 1.38% |
| KOTAK MAHINDRA BANK LTD. | 1.25% | 1.60% |
| ETERNAL LIMITED | 1.35% | 1.21% |
| ITC Ltd. | 0.86% | 1.32% |
| Maruti Suzuki India Limited | 1.23% | 0.81% |
| Adani Ports and Special Economic Zone Limited | 1.40% | 0.74% |
| NTPC LTD | 0.70% | 0.80% |
| Ultratech Cement Ltd. | 1.55% | 0.68% |
| SUN PHARMACEUTICAL INDUSTRIES LTD. | 0.64% | 1.00% |
| TATA CONSULTANCY SERVICES LTD. | 0.64% | 1.09% |
| Power Grid Corporation of India Ltd. | 0.70% | 0.62% |
| Hindustan Unilever Ltd. | 0.62% | 0.87% |
| Inter Globe Aviation Ltd | 0.92% | 0.59% |
| Hindalco Industries Ltd. | 0.58% | 0.71% |
| SHRIRAM FINANCE LIMITED | 0.53% | 0.72% |
| Adani Enterprises Ltd | 1.02% | 0.51% |
| Tech Mahindra Ltd. | 0.81% | 0.51% |
| Bajaj Auto Ltd. | 0.48% | 0.62% |
| TITAN COMPANY LTD. | 0.42% | 0.99% |
| Bharat Electronics Ltd. | 0.40% | 0.73% |
| Coal India Limited | 0.38% | 0.53% |
| TORRENT PHARMACEUTICALS LTD. | 0.52% | 0.37% |
| VEDANTA ALUMINIUM METAL LTD | 0.43% | 0.36% |
| BHARAT PETROLEUM CORPORATION LTD. | 0.65% | 0.32% |
| Bharat Heavy Electricals Ltd. | 0.46% | 0.32% |
| Oil And Natural Gas Corporation Ltd. | 0.31% | 0.46% |
| Persistent Systems Limited | 0.37% | 0.30% |
| HDFC Life Insurance Company Ltd | 0.29% | 0.29% |
| Apollo Hospitals Enterprise Ltd. | 0.28% | 0.44% |
| GE VERNOVA T&D INDIA LIMITED | 1.17% | 0.27% |
| Life Insurance Corporation Of India | 0.37% | 0.26% |
| Solar Industries India Limited | 1.67% | 0.25% |
| Power Finance Corporation Ltd. | 0.46% | 0.25% |
| Indus Towers Ltd. | 0.40% | 0.25% |
| Asian Paints(India) Ltd. | 0.24% | 0.57% |
| Jindal Steel & Power Ltd | 0.36% | 0.22% |
| WIPRO LTD.-OCT2026 | 0.27% | 0.22% |
| ADANI ENERGY SOLUTIONS LTD. | 0.26% | 0.22% |
| Cipla Ltd. | 0.22% | 0.40% |
| Bosch Limited | 0.58% | 0.21% |
| United Spirits Ltd | 0.53% | 0.21% |
| ICICI Lombard General Insurance Company Ltd | 0.59% | 0.20% |
| EMBASSY OFFICE PARKS REIT | 0.27% | 0.20% |
| SRF LTD. | 0.28% | 0.19% |
| GODREJ CONSUMER PRODUCTS LTD. | 0.42% | 0.18% |
| TATA MOTORS PASSENGER VEHICLES LTD | 0.18% | 0.31% |
| PB Fintech Ltd. | 0.17% | 0.20% |
| Mphasis Ltd | 0.99% | 0.15% |
| HYUNDAI MOTORS INDIA LTD | 0.22% | 0.15% |
| DLF LIMITED | 0.15% | 0.23% |
| KEI Industries Ltd. | 0.29% | 0.14% |
| PIRAMAL FINANCE LTD | 0.19% | 0.14% |
| BIOCON LTD. | 0.29% | 0.13% |
| BROOKFIELD REIT | 1.16% | 0.12% |
| AMBUJA CEMENTS LTD. | 0.49% | 0.12% |
| Page Industries Ltd | 0.15% | 0.12% |
| Coromandel International Limited | 0.76% | 0.11% |
| Oberoi Realty Limited | 0.47% | 0.11% |
| GODREJ PROPERTIES LIMITED | 0.25% | 0.11% |
| SAI LIFE SCIENCES LIMITED | 0.20% | 0.11% |
| KALYAN JEWELLERS INDIA LTD. | 0.12% | 0.11% |
| Sansera Engineering Ltd | 1.27% | 0.10% |
| KRISHNA INSTITUTE OF MEDICAL | 0.53% | 0.10% |
| TATA COMMUNICATIONS LTD | 0.16% | 0.10% |
| Exide Industries Ltd. | 0.11% | 0.10% |
| Glenmark Pharmaceuticals Ltd | 0.10% | 0.18% |
| Ami Organics Ltd | 0.76% | 0.09% |
| Jubilant Foodworks Limited | 0.38% | 0.09% |
| ASTRAL LTD. | 0.10% | 0.09% |
| Hindustan Aeronautics Ltd. | 0.09% | 0.46% |
| Ashok Leyland Ltd. | 0.09% | 0.23% |
| JIO FINANCIAL SERVICES LTD | 0.09% | 0.37% |
| Schaeffler India Ltd | 0.72% | 0.08% |
| Carborundum Universal Ltd. | 0.42% | 0.08% |
| Amber Enterprises India Ltd | 0.18% | 0.08% |
| PUNJAB NATIONAL BANK | 0.08% | 0.20% |
| PHOENIX MILLS LTD. | 0.08% | 0.19% |
| Apollo Tyres Ltd. | 0.41% | 0.07% |
| HDB FINANCIAL SERVICES LTD. | 0.16% | 0.07% |
| NUVAMA WEALTH MANAGEMENT LIMITED | 0.14% | 0.07% |
| PIRAMAL PHARMA LIMITED | 0.11% | 0.07% |
| BANK OF BARODA | 0.07% | 0.22% |
| TML COMMERCIAL VEHICLES LIMITED | 0.07% | 0.46% |
| Cummins India Ltd. | 0.07% | 0.34% |
| Alkem Laboratories Ltd. | 0.07% | 0.16% |
| JYOTI CNC AUTOMATION LTD | 0.29% | 0.05% |
| Kajaria Ceramics Ltd. | 0.26% | 0.05% |
| PINE LABS LTD. | 0.22% | 0.05% |
| NTPC GREEN ENERGY LIMITED | 0.14% | 0.05% |
| Deepak Nitrite Ltd. | 0.12% | 0.05% |
| SWIGGY LTD | 0.05% | 0.20% |
| Hindustan Zinc Ltd. | 0.05% | 0.14% |
| Linde India Ltd. | 0.05% | 0.07% |
| TVS Motor Company Ltd. | 0.05% | 0.50% |
| APTUS VALUE HOUSING FINANCE | 0.33% | 0.04% |
| Eicher Motors Ltd. | 0.04% | 0.51% |
| Voltas Ltd. | 0.04% | 0.13% |
| ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LTD | 0.04% | 0.06% |
| RAINBOW CHILDRENS MEDICARE LTD | 0.17% | 0.03% |
| Techno Electric & Engineering Company Limited | 0.10% | 0.03% |
| JUBILANT INGREVIA LTD. | 0.07% | 0.03% |
| Varun Beverages Limited | 0.03% | 0.31% |
| JSW Steel Ltd. | 0.02% | 0.63% |
| MANKIND PHARMA LTD | 0.02% | 0.15% |
| Tata Steel Ltd. | 0.01% | 0.80% |
| Steel Authority of India Ltd. | 0.01% | 0.14% |
| SBI Life Insurance Company Ltd | 0.01% | 0.40% |
| TATA CONSUMER PRODUCTS LTD. | 0.01% | 0.32% |
| Nestle India Ltd. | 0.01% | 0.49% |
| PNB HOUSING FINANCE LTD. | 0.01% | 0.11% |
| Bajaj Finserv Ltd. | 0.01% | 0.53% |
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 Kotak Balanced Advantage Fund
| Security | % of fund |
|---|---|
| Central Government - 2064 | 5.67% |
| Power Finance Corporation Ltd. | 1.49% |
| JTPM METAL TRADERS PVT LTD ( CATALYST TRUSTEESHIP LIMITE) | 1.30% |
| National Housing Bank | 1.15% |
| KNOWLEDGE REALTY TRUST | 0.92% |
Largest holdings only in UTI Nifty 500 Index Fund
| Security | % of fund |
|---|---|
| EQ - HCL TECHNOLOGIES LTD. | 0.68% |
| EQ - BSE LTD | 0.66% |
| EQ - DIVIS LABORATORIES LTD. | 0.62% |
| EQ - GRASIM INDUSTRIES LTD. | 0.60% |
| EQ - TRENT LIMITED | 0.46% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Balanced Advantage | UTI Nifty 500 Index |
|---|---|---|
| Equity | 70.2% | 99.6% |
| Debt | 20.3% | 0.0% |
| Cash and others | 9.5% | 0.4% |
Market cap of stocks
| Market cap | Kotak Balanced Advantage | UTI Nifty 500 Index |
|---|---|---|
| Large Cap | 51.1% | 67.3% |
| Mid Cap | 9.0% | 20.9% |
| Small Cap | 9.6% | 11.3% |
| Not on AMFI's list | 0.5% | 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 | Kotak Balanced Advantage | UTI Nifty 500 Index |
|---|---|---|
| Banks | 14.6% | 19.3% |
| Finance | 3.5% | 6.5% |
| Pharmaceuticals & Biotechnology | 0.0% | 5.8% |
| IT - Software | 4.3% | 5.7% |
| Petroleum Products | 4.0% | 5.0% |
| Automobiles | 3.5% | 4.9% |
| Auto Components | 3.1% | 2.6% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Balanced Advantage vs UTI Nifty 500 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Balanced Advantage Fund | UTI Nifty 500 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.82% | 1.85% |
| Base expense ratio (Direct) | 0.54% | 0.13% |
| Total expense ratio (Regular) | 1.88% | 2.56% |
| Base expense ratio (Regular) | 1.44% | 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.
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Kotak Balanced Advantage Fund vs UTI Nifty 500 Index Fund: Frequently Asked Questions
What is the difference between Kotak Balanced Advantage Fund and UTI Nifty 500 Index Fund?
Kotak Balanced Advantage Fund is a Balanced Advantage fund, UTI Nifty 500 Index Fund is an Index fund, run by Kotak Mahindra Mutual Fund and UTI Mutual Fund. Their portfolios overlap 47.6%. Kotak Balanced Advantage Fund charges 0.82% a year and UTI Nifty 500 Index Fund 1.85%.
Which has the lower expense ratio, Kotak Balanced Advantage Fund or UTI Nifty 500 Index Fund?
Kotak Balanced Advantage Fund charges less: 0.82% a year against 1.85%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Balanced Advantage Fund and UTI Nifty 500 Index 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.
Which is riskier, Kotak Balanced Advantage Fund or UTI Nifty 500 Index Fund?
On SEBI's riskometer, Kotak Balanced Advantage Fund is rated Very High and UTI Nifty 500 Index Fund Very High. Over their common history, the standard deviation of daily returns was 9.51% and 13.15% a year.
Can I invest in both Kotak Balanced Advantage Fund and UTI Nifty 500 Index 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 Kotak Balanced Advantage Fund and UTI Nifty 500 Index Fund?
Kotak Balanced Advantage Fund: Rohit Tandon, Hiten Shah, Abhishek Bisen. 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.