Kotak MSCI India ETF vs Tata 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 Tata Balanced Advantage Fund is a Balanced Advantage fund. In the year to 30-10-2026, Kotak MSCI India ETF returned −8.0% and Tata Balanced Advantage Fund (Direct) returned −4.3%. Kotak MSCI India ETF charges 0.24% a year and Tata Balanced Advantage Fund 0.69%. Their portfolios overlap 36.5%: they hold 40 of the same securities.
Tata Balanced Advantage Fund
Balanced Advantage
- 1 year return
- −4.3%
- Expense ratio
- 0.69%
- NAV
- ₹22.27
Which is better, Kotak MSCI India ETF or Tata 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.
- Tata Balanced Advantage returned more over 1 year: −4.3% against −8.0%.
- Kotak MSCI India ETF costs less: 0.24% a year against 0.69%.
- Tata Balanced Advantage fell less in its worst fall since 25-02-2025: −8.4% against −14.6%.
- Kotak MSCI India ETF holds more in large companies: 80.6% of the fund in large caps against 46.1%.
- Tata Balanced Advantage is the larger fund: ₹8,005 Cr against ₹1,749 Cr.
- Their portfolios overlap 36.5%: 40 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 | Tata Balanced Advantage Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Tata Mutual Fund |
| Category | ETF | Balanced Advantage |
| AUM | ₹1,749 Cr (30-09-2026) | ₹8,005 Cr (30-09-2026) |
| NAV | ₹28.23 | ₹22.27 (Direct) |
| Expense ratio (Direct) | Not available | 0.69% |
| Expense ratio (Regular) | Not available | 1.86% |
| Riskometer | Very High | Very High |
| Benchmark | MSCI India TRI | CRISIL Hybrid 50+50 - Moderate Index |
| Launch date | 19-02-2025 | 28-01-2019 |
| 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 | Rahul Singh, Sailesh Jain, Murthy Nagarajan, Amit Somani |
| Exit load | NIL | Exit load of 0.50%, if redeemed within 30 days. |
Kotak MSCI India ETF vs Tata 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% | -- | -- | -- |
| Tata Balanced Advantage Fund (Direct) | −1.59% | −6.19% | −2.95% | −4.29% | +7.38% | +7.88% | -- |
| 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 MSCI India ETF vs Tata Balanced Advantage: Year-wise Returns
| Year | Kotak MSCI India ETFKotak MSCI India ETF | Tata Balanced AdvantageTata Balanced Advantage |
|---|---|---|
| 2026to date | −8.95% | −5.05% |
| 2025 | -- | +7.38% |
| 2024 | -- | +12.27% |
| 2023 | -- | +18.70% |
| 2022 | -- | +7.14% |
| 2021 | -- | +18.43% |
Kotak MSCI India ETF vs Tata 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
Tata 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% |
| Tata Balanced Advantage | 10.8 | 59.0 | 27.7 | 2.4 | 0.0 | 0.0 | 0.0 | 3.6% | 4.2% | −5.0% | 11.5% |
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 Tata 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% |
| Tata Balanced AdvantageTata Balanced Advantage Fund (Direct) | ₹2,10,000 | ₹2,06,465 | −₹3,535 | −1.9% |
Kotak MSCI India ETFKotak MSCI India ETF
Tata Balanced AdvantageTata 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 Tata 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 | Tata Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.03% | −4.29% |
| Standard deviation | 14.22% | 8.99% |
| Sharpe ratio | -0.93 | -1.06 |
| Sortino ratio | -1.24 | -1.40 |
| Maximum drawdown | −14.6% (31-03-2026) | −8.4% (23-10-2026) |
| 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 | Tata Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.02% | +10.87% |
| Standard deviation | 13.78% | 8.79% |
| Sharpe ratio | -0.10 | 0.65 |
| Sortino ratio | -0.14 | 0.88 |
| Maximum drawdown | −14.6% (31-03-2026) | −20.0% (23-03-2020) |
| 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
Tata 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% |
| Tata Balanced Advantage Fund (Direct) | −8.4% | 03-08-2026 | 23-10-2026 | Not yet | -- | −7.4% |
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
Tata Balanced Advantage Fund (Direct)
Kotak MSCI India ETF vs Tata Balanced Advantage: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak MSCI India ETF, September 2026; Tata Balanced Advantage Fund, September 2026
Holdings in common
- Overlap
- 36.5%
- Held by both
- 40
- Only in Kotak MSCI India ETF
- 125
- Only in Tata Balanced Advantage
- 70
| Security | % of Kotak MSCI India ETF | % of Tata Balanced Advantage |
|---|---|---|
| RELIANCE INDUSTRIES LTD. | 5.44% | 4.21% |
| HDFC BANK LTD. | 6.44% | 3.07% |
| BHARTI AIRTEL LTD. | 3.93% | 3.01% |
| ICICI BANK LTD. | 5.60% | 2.44% |
| Larsen and Toubro Ltd. | 2.02% | 2.00% |
| Mahindra & Mahindra Ltd. | 2.05% | 1.45% |
| STATE BANK OF INDIA. | 1.41% | 1.56% |
| AXIS BANK LTD. | 2.25% | 1.35% |
| SUN PHARMACEUTICAL INDUSTRIES LTD. | 1.30% | 1.47% |
| BAJAJ FINANCE LTD. | 1.91% | 1.26% |
| Infosys Ltd. | 2.41% | 1.22% |
| NTPC LTD | 1.12% | 1.26% |
| SHRIRAM FINANCE LIMITED | 1.11% | 1.87% |
| Tata Steel Ltd. | 1.10% | 1.29% |
| Hindustan Unilever Ltd. | 1.06% | 1.20% |
| Adani Ports and Special Economic Zone Limited | 0.83% | 1.55% |
| Apollo Hospitals Enterprise Ltd. | 0.66% | 1.96% |
| Tech Mahindra Ltd. | 0.66% | 0.99% |
| Adani Enterprises Ltd | 0.60% | 1.26% |
| Bajaj Finserv Ltd. | 0.53% | 1.42% |
| One 97 Communications Ltd | 0.51% | 0.82% |
| Cummins India Ltd. | 0.50% | 1.43% |
| FEDERAL BANK LTD. | 0.46% | 1.46% |
| Oil And Natural Gas Corporation Ltd. | 0.46% | 1.01% |
| VEDANTA ALUMINIUM METAL LTD | 0.45% | 0.73% |
| Varun Beverages Limited | 0.44% | 0.91% |
| HDFC Life Insurance Company Ltd | 0.41% | 0.90% |
| BHARAT PETROLEUM CORPORATION LTD. | 0.39% | 0.88% |
| Power Grid Corporation of India Ltd. | 0.87% | 0.35% |
| ICICI Lombard General Insurance Company Ltd | 0.31% | 0.88% |
| PB Fintech Ltd. | 0.29% | 1.01% |
| ADANI ENERGY SOLUTIONS LTD. | 0.22% | 0.82% |
| Prestige Estates Projects Limited | 0.20% | 0.89% |
| VISHAL MEGA MART LIMITED | 0.19% | 0.76% |
| AMBUJA CEMENTS LTD. | 0.18% | 0.95% |
| GODREJ PROPERTIES LIMITED | 0.18% | 1.57% |
| Bharat Electronics Ltd. | 1.08% | 0.15% |
| Shree Cement Ltd. | 0.15% | 1.20% |
| Dabur India Ltd. | 0.13% | 0.49% |
| polycab India Limited | 0.34% | 0.11% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.5% means 36.5% 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 |
|---|---|
| KOTAK MAHINDRA BANK LTD. | 1.82% |
| TATA CONSULTANCY SERVICES LTD. | 1.33% |
| TITAN COMPANY LTD. | 1.30% |
| ETERNAL LIMITED | 1.22% |
| Maruti Suzuki India Limited | 1.13% |
Largest holdings only in Tata Balanced Advantage Fund
| Security | % of fund |
|---|---|
| GOI - 7.34% (22/04/2064) | 2.26% |
| GOI - 6.54% (17/01/2032) | 1.96% |
| GOI - 7.09% (05/08/2054) | 1.75% |
| BROOKFIELD INDIA REAL ESTATE TRUST | 1.74% |
| DR. LAL PATH LABS LTD | 1.52% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak MSCI India ETF | Tata Balanced Advantage |
|---|---|---|
| Equity | 100.0% | 65.6% |
| Debt | 0.0% | 27.8% |
| Cash and others | 0.0% | 6.6% |
Market cap of stocks
| Market cap | Kotak MSCI India ETF | Tata Balanced Advantage |
|---|---|---|
| Large Cap | 80.6% | 46.1% |
| Mid Cap | 19.4% | 10.2% |
| Small Cap | 0.0% | 8.2% |
| Not on AMFI's list | 0.0% | 1.0% |
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 | Tata Balanced Advantage |
|---|---|---|
| Banks | 20.3% | 9.9% |
| IT - Software | 6.6% | 2.2% |
| Petroleum Products | 6.4% | 5.1% |
| Finance | 6.3% | 5.9% |
| Automobiles | 6.2% | 1.4% |
| Pharmaceuticals and Biotechnology | 5.6% | 0.0% |
| Insurance | 1.5% | 4.8% |
| Telecom - Services | 4.7% | 3.0% |
| Healthcare Services | 1.5% | 3.9% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak MSCI India ETF vs Tata Balanced Advantage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak MSCI India ETF | Tata Balanced Advantage Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.69% |
| Base expense ratio (Direct) | 0.00% | 0.50% |
| Total expense ratio (Regular) | Not available | 1.86% |
| Base expense ratio (Regular) | 0.17% | 1.52% |
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
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Kotak MSCI India ETF vs Tata Balanced Advantage Fund: Frequently Asked Questions
What is the difference between Kotak MSCI India ETF and Tata Balanced Advantage Fund?
Kotak MSCI India ETF is an ETF fund, Tata Balanced Advantage Fund is a Balanced Advantage fund, run by Kotak Mahindra Mutual Fund and Tata Mutual Fund. Their portfolios overlap 36.5%. Kotak MSCI India ETF charges 0.24% a year and Tata Balanced Advantage Fund 0.69%.
Which has given higher returns, Kotak MSCI India ETF or Tata Balanced Advantage Fund?
Over 1 year: Kotak MSCI India ETF −8.03%, Tata Balanced Advantage Fund −4.29%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak MSCI India ETF or Tata Balanced Advantage Fund?
Kotak MSCI India ETF charges less: 0.24% a year against 0.69%. These are the total expense ratios reported to AMFI.
How much do Kotak MSCI India ETF and Tata Balanced Advantage Fund overlap?
36.5%. They hold 40 of the same securities, the largest shared ones being RELIANCE, HDFCBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, Kotak MSCI India ETF or Tata Balanced Advantage Fund?
On SEBI's riskometer, Kotak MSCI India ETF is rated Very High and Tata Balanced Advantage Fund Very High. Over 1 years, the standard deviation of daily returns was 14.22% and 8.99% a year.
Can I invest in both Kotak MSCI India ETF and Tata Balanced Advantage Fund?
Yes. 36.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Kotak MSCI India ETF and Tata Balanced Advantage Fund?
Kotak MSCI India ETF: Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar. Tata Balanced Advantage Fund: Rahul Singh, Sailesh Jain, Murthy Nagarajan, Amit Somani.
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.