Kotak MSCI India ETF vs Mirae Asset Balanced Advantage Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Kotak MSCI India ETF is an ETF fund and Mirae Asset Balanced Advantage Fund is a Balanced Advantage fund. In the year to 30-10-2026, Kotak MSCI India ETF returned −8.0% and Mirae Asset Balanced Advantage Fund (Direct) returned 0.7%. Kotak MSCI India ETF charges 0.24% a year and Mirae Asset Balanced Advantage Fund 0.99%. Their portfolios overlap 45.0%: they hold 67 of the same securities.
Mirae Asset Balanced Advantage Fund
Balanced Advantage
- 1 year return
- 0.7%
- Expense ratio
- 0.99%
- NAV
- ₹15.20
Which is better, Kotak MSCI India ETF or Mirae Asset 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.
- Mirae Asset Balanced Advantage returned more over 1 year: 0.7% against −8.0%.
- Kotak MSCI India ETF costs less: 0.24% a year against 0.99%.
- Mirae Asset Balanced Advantage fell less in its worst fall since 25-02-2025: −7.1% against −14.6%.
- Kotak MSCI India ETF holds more in large companies: 80.6% of the fund in large caps against 46.6%.
- Mirae Asset Balanced Advantage is the larger fund: ₹2,109 Cr against ₹1,749 Cr.
- Their portfolios overlap 45.0%: 67 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 MSCI India ETF | Mirae Asset Balanced Advantage Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Mirae Asset Mutual Fund |
| Category | ETF | Balanced Advantage |
| AUM | ₹1,749 Cr (30-09-2026) | ₹2,109 Cr (30-09-2026) |
| NAV | ₹28.23 | ₹15.20 (Direct) |
| Expense ratio (Direct) | Not available | 0.99% |
| Expense ratio (Regular) | Not available | 2.29% |
| Riskometer | Very High | Very High |
| Benchmark | MSCI India TRI | NIFTY 50 Hybrid Composite Debt 50:50 Index |
| Launch date | 19-02-2025 | 11-08-2022 |
| Minimum investment | 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 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar | Harshad Borawake, Basant Bafna |
| Exit load | NIL | Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 180 Days. |
Kotak MSCI India ETF vs Mirae Asset 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 |
|---|---|---|---|---|---|---|---|
| Kotak MSCI India ETF | +0.29% | −5.98% | −3.50% | −8.03% | -- | -- | -- |
| Mirae Asset Balanced Advantage Fund (Direct) | −0.24% | −1.80% | +0.68% | +0.72% | +10.13% | -- | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | -- | -- |
Category average: the average of the 38 Balanced Advantage funds, same plan type.
Kotak MSCI India ETF vs Mirae Asset Balanced Advantage: Year-wise Returns
| Year | Kotak MSCI India ETFKotak MSCI India ETF | Mirae Asset Balanced AdvantageMirae Asset Balanced Advantage |
|---|---|---|
| 2026to date | −8.95% | −0.48% |
| 2025 | -- | +10.10% |
| 2024 | -- | +12.72% |
| 2023 | -- | +19.85% |
Kotak MSCI India ETF vs Mirae Asset Balanced Advantage: 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.
Kotak MSCI India ETF
Mirae Asset Balanced Advantage Fund (Direct)
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% |
| Mirae Asset Balanced Advantage | 0.6 | 51.8 | 39.2 | 8.4 | 0.0 | 0.0 | 0.0 | 5.6% | 4.9% | −0.7% | 14.9% |
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. Every fund is measured over the days all of them have, from 25-02-2025. Past returns do not promise future returns.
Kotak MSCI India ETF vs Mirae Asset 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 25-02-2025 to 30-10-2026: 21 instalments, ₹2,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak MSCI India ETFKotak MSCI India ETF | ₹2,10,000 | ₹2,04,302 | −₹5,698 | −3.0% |
| Mirae Asset Balanced AdvantageMirae Asset Balanced Advantage Fund (Direct) | ₹2,10,000 | ₹2,16,494 | ₹6,494 | 3.4% |
Kotak MSCI India ETFKotak MSCI India ETF
Mirae Asset Balanced AdvantageMirae Asset 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.
Kotak MSCI India ETF vs Mirae Asset Balanced Advantage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak MSCI India ETF | Mirae Asset Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.03% | +0.72% |
| Standard deviation | 14.22% | 8.03% |
| Sharpe ratio | -0.93 | -0.56 |
| Sortino ratio | -1.24 | -0.76 |
| Maximum drawdown | −14.6% (31-03-2026) | −7.1% (30-03-2026) |
| 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 | Kotak MSCI India ETF | Mirae Asset Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.02% | +10.40% |
| Standard deviation | 13.78% | 7.00% |
| Sharpe ratio | -0.10 | 0.61 |
| Sortino ratio | -0.14 | 0.84 |
| Maximum drawdown | −14.6% (31-03-2026) | −7.5% (28-02-2025) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 25-02-2025 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.
Kotak MSCI India ETF
Mirae Asset Balanced Advantage Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak MSCI India ETF | −14.6% | 02-01-2026 | 31-03-2026 | Not yet | -- | −10.1% |
| Mirae Asset Balanced Advantage Fund (Direct) | −7.1% | 11-02-2026 | 30-03-2026 | 02-07-2026 | 3 months | −3.0% |
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.
Kotak MSCI India ETF
Mirae Asset Balanced Advantage Fund (Direct)
Kotak MSCI India ETF vs Mirae Asset Balanced Advantage: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak MSCI India ETF, September 2026; Mirae Asset Balanced Advantage Fund, September 2026
Holdings in common
- Overlap
- 45.0%
- Held by both
- 67
- Only in Kotak MSCI India ETF
- 98
- Only in Mirae Asset Balanced Advantage
- 66
| Security | % of Kotak MSCI India ETF | % of Mirae Asset Balanced Advantage |
|---|---|---|
| HDFC BANK LTD. | 6.44% | 4.70% |
| ICICI BANK LTD. | 5.60% | 3.52% |
| BHARTI AIRTEL LTD. | 3.93% | 2.82% |
| RELIANCE INDUSTRIES LTD. | 5.44% | 2.72% |
| AXIS BANK LTD. | 2.25% | 1.74% |
| Mahindra & Mahindra Ltd. | 2.05% | 1.52% |
| STATE BANK OF INDIA. | 1.41% | 2.64% |
| KOTAK MAHINDRA BANK LTD. | 1.82% | 1.12% |
| Larsen and Toubro Ltd. | 2.02% | 1.11% |
| SHRIRAM FINANCE LIMITED | 1.11% | 1.17% |
| Tata Steel Ltd. | 1.10% | 1.44% |
| ETERNAL LIMITED | 1.22% | 1.06% |
| SUN PHARMACEUTICAL INDUSTRIES LTD. | 1.30% | 1.05% |
| TITAN COMPANY LTD. | 1.30% | 1.02% |
| Maruti Suzuki India Limited | 1.13% | 0.98% |
| BAJAJ FINANCE LTD. | 1.91% | 0.94% |
| Hindalco Industries Ltd. | 0.97% | 0.89% |
| Divis Laboratories Ltd. | 0.89% | 0.86% |
| Adani Ports and Special Economic Zone Limited | 0.83% | 0.95% |
| TVS Motor Company Ltd. | 0.78% | 0.95% |
| Infosys Ltd. | 2.41% | 0.77% |
| TATA CONSULTANCY SERVICES LTD. | 1.33% | 0.76% |
| NTPC LTD | 1.12% | 0.67% |
| Bharat Electronics Ltd. | 1.08% | 0.66% |
| SBI Life Insurance Company Ltd | 0.61% | 1.39% |
| Laurus Labs Ltd | 0.55% | 1.24% |
| JSW Steel Ltd. | 0.61% | 0.53% |
| ITC Ltd. | 0.63% | 0.46% |
| Dr.Reddy's Laboratories Ltd. | 0.49% | 0.45% |
| VEDANTA ALUMINIUM METAL LTD | 0.45% | 0.61% |
| Avenue Supermarts Ltd | 0.44% | 0.67% |
| Varun Beverages Limited | 0.44% | 0.58% |
| BHARAT PETROLEUM CORPORATION LTD. | 0.39% | 0.56% |
| TORRENT PHARMACEUTICALS LTD. | 0.55% | 0.36% |
| Adani Enterprises Ltd | 0.60% | 0.36% |
| TATA MOTORS PASSENGER VEHICLES LTD | 0.42% | 0.35% |
| Oil And Natural Gas Corporation Ltd. | 0.46% | 0.34% |
| MULTI COMMODITY EXCHANGE OF INDIA LIMITED | 0.33% | 0.89% |
| Jindal Steel & Power Ltd | 0.32% | 0.55% |
| Apollo Hospitals Enterprise Ltd. | 0.66% | 0.31% |
| Aurobindo Pharma Ltd. | 0.35% | 0.31% |
| Ultratech Cement Ltd. | 0.90% | 0.26% |
| GODREJ CONSUMER PRODUCTS LTD. | 0.26% | 0.38% |
| Tech Mahindra Ltd. | 0.66% | 0.25% |
| SIEMENS ENERGY INDIA LTD | 0.21% | 0.23% |
| Power Finance Corporation Ltd. | 0.34% | 0.20% |
| Mphasis Ltd | 0.20% | 0.25% |
| VISHAL MEGA MART LIMITED | 0.19% | 0.28% |
| BSE LTD | 0.49% | 0.18% |
| Eicher Motors Ltd. | 0.78% | 0.18% |
| AMBUJA CEMENTS LTD. | 0.18% | 0.74% |
| JSW ENERGY LTD. | 0.18% | 0.46% |
| CANARA BANK | 0.17% | 0.28% |
| Inter Globe Aviation Ltd | 0.75% | 0.17% |
| HDFC Life Insurance Company Ltd | 0.41% | 0.17% |
| HDFC ASSET MANAGEMENT COMPANY LTD. | 0.35% | 0.16% |
| FEDERAL BANK LTD. | 0.46% | 0.14% |
| Nestle India Ltd. | 0.60% | 0.13% |
| United Spirits Ltd | 0.31% | 0.11% |
| Tata Power Company Ltd. | 0.43% | 0.08% |
| BANK OF BARODA | 0.19% | 0.08% |
| INDIAN HOTELS CO LTD | 0.48% | 0.08% |
| Bharat Heavy Electricals Ltd. | 0.40% | 0.08% |
| Ashok Leyland Ltd. | 0.34% | 0.06% |
| PUNJAB NATIONAL BANK | 0.21% | 0.05% |
| Cipla Ltd. | 0.54% | 0.04% |
| Asian Paints(India) Ltd. | 0.74% | 0.03% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 45.0% means 45.0% 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 MSCI India ETF
| Security | % of fund |
|---|---|
| Hindustan Unilever Ltd. | 1.06% |
| Power Grid Corporation of India Ltd. | 0.87% |
| HCL Technologies Ltd. | 0.87% |
| Grasim Industries Ltd. | 0.66% |
| Hindustan Aeronautics Ltd. | 0.62% |
Largest holdings only in Mirae Asset Balanced Advantage Fund
| Security | % of fund |
|---|---|
| 7.18% Government of India (MD 14/08/2033) | 3.34% |
| 7.60% Torrent Pharmaceuticals Ltd. (MD 19/01/2029) | 2.34% |
| 7.53% Bajaj Housing Finance Ltd. (MD 28/09/2029) | 2.33% |
| 7.63% Mindspace Business Parks Reit (MD 26/09/2028) | 2.31% |
| 7.10% Government of India (MD 08/04/2034) | 1.63% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak MSCI India ETF | Mirae Asset Balanced Advantage |
|---|---|---|
| Equity | 100.0% | 66.2% |
| Debt | 0.0% | 29.4% |
| Cash and others | 0.0% | 4.5% |
Market cap of stocks
| Market cap | Kotak MSCI India ETF | Mirae Asset Balanced Advantage |
|---|---|---|
| Large Cap | 80.6% | 46.6% |
| Mid Cap | 19.4% | 7.6% |
| Small Cap | 0.0% | 9.2% |
| Not on AMFI's list | 0.0% | 2.8% |
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 MSCI India ETF | Mirae Asset Balanced Advantage |
|---|---|---|
| Banks | 20.3% | 14.3% |
| IT - Software | 6.6% | 2.3% |
| Petroleum Products | 6.4% | 3.3% |
| Finance | 6.3% | 2.3% |
| Automobiles | 6.2% | 4.0% |
| Pharmaceuticals & Biotechnology | 0.0% | 6.1% |
| Pharmaceuticals and Biotechnology | 5.6% | 0.0% |
| Telecom - Services | 4.7% | 2.8% |
| Consumer Durables | 2.8% | 2.8% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak MSCI India ETF vs Mirae Asset Balanced Advantage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak MSCI India ETF | Mirae Asset Balanced Advantage Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.99% |
| Base expense ratio (Direct) | 0.00% | 0.65% |
| Total expense ratio (Regular) | Not available | 2.29% |
| Base expense ratio (Regular) | 0.17% | 1.75% |
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 Mirae Asset Balanced Advantage with
- Mirae Asset Balanced Advantage vs quant Dynamic Asset Allocation
- Mirae Asset Balanced Advantage vs Aditya Birla Sun Life Balanced Advantage
- Mirae Asset Balanced Advantage vs Baroda BNP Paribas Balanced Advantage
- Mirae Asset Balanced Advantage vs Axis Balanced Advantage
- Mirae Asset Balanced Advantage vs WhiteOak Capital Balanced Advantage
Kotak MSCI India ETF vs Mirae Asset Balanced Advantage Fund: Frequently Asked Questions
What is the difference between Kotak MSCI India ETF and Mirae Asset Balanced Advantage Fund?
Kotak MSCI India ETF is an ETF fund, Mirae Asset Balanced Advantage Fund is a Balanced Advantage fund, run by Kotak Mahindra Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 45.0%. Kotak MSCI India ETF charges 0.24% a year and Mirae Asset Balanced Advantage Fund 0.99%.
Which has given higher returns, Kotak MSCI India ETF or Mirae Asset Balanced Advantage Fund?
Over 1 year: Kotak MSCI India ETF −8.03%, Mirae Asset Balanced Advantage Fund +0.72%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak MSCI India ETF or Mirae Asset Balanced Advantage Fund?
Kotak MSCI India ETF charges less: 0.24% a year against 0.99%. These are the total expense ratios reported to AMFI.
How much do Kotak MSCI India ETF and Mirae Asset Balanced Advantage Fund overlap?
45.0%. They hold 67 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, Kotak MSCI India ETF or Mirae Asset Balanced Advantage Fund?
On SEBI's riskometer, Kotak MSCI India ETF is rated Very High and Mirae Asset Balanced Advantage Fund Very High. Over 1 years, the standard deviation of daily returns was 14.22% and 8.03% a year.
Can I invest in both Kotak MSCI India ETF and Mirae Asset Balanced Advantage Fund?
Yes. 45.0% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Kotak MSCI India ETF and Mirae Asset Balanced Advantage Fund?
Kotak MSCI India ETF: Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar. Mirae Asset Balanced Advantage Fund: Harshad Borawake, Basant Bafna.
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.