Nippon India ETF Nifty 100 vs Shriram Balanced Advantage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Nippon India ETF Nifty 100 is a mutual fund and Shriram Balanced Advantage Fund is a Balanced Advantage fund. In the 3 years to 30-10-2026, Nippon India ETF Nifty 100 (Direct) returned 8.5% a year and Shriram Balanced Advantage Fund (Direct) returned 6.0% a year. Nippon India ETF Nifty 100 charges 0.52% a year and Shriram Balanced Advantage Fund 0.90% (Direct plans). Their portfolios overlap 47.3%: they hold 38 of the same securities.
Nippon India ETF Nifty 100
- 3 year return
- 8.5%
- Expense ratio
- 0.52%
- NAV
- ₹254.51
Shriram Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 6.0%
- Expense ratio
- 0.90%
- NAV
- ₹18.32
Which is better, Nippon India ETF Nifty 100 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.
- Nippon India ETF Nifty 100 returned more over 5 years: 6.7% a year against 6.0%.
- Nippon India ETF Nifty 100 returned more over 3 years: 8.5% a year against 6.0%.
- Nippon India ETF Nifty 100 costs less: 0.52% a year against 0.90% (Direct plans).
- 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 −38.1%.
- Nippon India ETF Nifty 100 holds more in large companies: 97.9% of the fund in large caps against 54.5%.
- Nippon India ETF Nifty 100 is the larger fund: ₹336 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 | Nippon India ETF Nifty 100 | Shriram Balanced Advantage Fund |
|---|---|---|
| Fund house | Nippon India Mutual Fund | Shriram Mutual Fund |
| Category | Not available | Balanced Advantage |
| AUM | ₹336 Cr (30-09-2026) | ₹41 Cr (30-09-2026) |
| NAV | ₹254.51 (Direct) | ₹18.32 (Direct) |
| Expense ratio (Direct) | 0.52% | 0.90% |
| Expense ratio (Regular) | Not available | 2.57% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | CRISIL Hybrid 50+50 - Moderate Index |
| Launch date | Not available | 05-07-2019 |
| Minimum investment | Not available | ₹500 |
| Lock in | Not available | None |
| Fund managers | Not available | 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. |
Nippon India ETF Nifty 100 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 |
|---|---|---|---|---|---|---|---|
| Nippon India ETF Nifty 100 (Direct) | +1.00% | −5.42% | −3.21% | −9.15% | +8.51% | +6.66% | +10.87% |
| 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.
Nippon India ETF Nifty 100 vs Shriram Balanced Advantage: Year-wise Returns
| Year | Nippon India ETF Nifty 100Nippon India ETF Nifty 100 | Shriram Balanced AdvantageShriram Balanced Advantage |
|---|---|---|
| 2026to date | −9.70% | −6.00% |
| 2025 | +9.67% | +1.23% |
| 2024 | +12.32% | +11.41% |
| 2023 | +20.63% | +21.45% |
| 2022 | +4.38% | +4.57% |
| 2021 | +25.74% | +11.46% |
Nippon India ETF Nifty 100 vs Shriram Balanced Advantage: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of Nippon India ETF Nifty 100
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.
Nippon India ETF Nifty 100 (Direct)
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nippon India ETF Nifty 100 | 0.0 | 0.0 | 6.6 | 44.9 | 37.2 | 9.5 | 1.8 | 15.1% | 14.9% | 6.5% | 30.4% | 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.
Nippon India ETF Nifty 100 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 |
|---|---|---|---|---|
| Nippon India ETF Nifty 100Nippon India ETF Nifty 100 (Direct) | ₹8,80,000 | ₹12,46,368 | ₹3,66,368 | 9.3% |
| Shriram Balanced AdvantageShriram Balanced Advantage Fund (Direct) | ₹8,80,000 | ₹11,27,435 | ₹2,47,435 | 6.7% |
Nippon India ETF Nifty 100Nippon India ETF Nifty 100 (Direct)
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.
Nippon India ETF Nifty 100 vs Shriram Balanced Advantage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Nippon India ETF Nifty 100 (Direct) | Shriram Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.15% | −4.97% |
| Standard deviation | 14.03% | 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 | Nippon India ETF Nifty 100 (Direct) | Shriram Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.51% | +6.02% |
| Standard deviation | 13.68% | 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 | −0.57% | -- |
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 | Nippon India ETF Nifty 100 (Direct) | Shriram Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.66% | +6.03% |
| Standard deviation | 13.98% | 9.10% |
| Sharpe ratio | 0.06 | 0.03 |
| Sortino ratio | 0.08 | 0.03 |
| Maximum drawdown | −17.4% (28-02-2025) | −13.7% (28-02-2025) |
| Beta | 1.00 | -- |
| Alpha | −0.56% | -- |
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 | Nippon India ETF Nifty 100 (Direct) | Shriram Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.89% | +8.63% |
| Standard deviation | 15.82% | 9.11% |
| Sharpe ratio | 0.37 | 0.38 |
| Sortino ratio | 0.51 | 0.51 |
| Maximum drawdown | −38.1% (23-03-2020) | −14.6% (23-03-2020) |
| Beta | 0.99 | -- |
| Alpha | −0.83% | -- |
From daily NAVs, 25-03-2013 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.
Nippon India ETF Nifty 100 (Direct)
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 |
|---|---|---|---|---|---|---|
| Nippon India ETF Nifty 100 (Direct) | −38.1% | 17-01-2020 | 23-03-2020 | 09-11-2020 | 8 months | −11.0% |
| 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.
Nippon India ETF Nifty 100 (Direct)
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.
Nippon India ETF Nifty 100 (Direct)
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.
Nippon India ETF Nifty 100 (Direct)
Shriram Balanced Advantage Fund (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Nippon India ETF Nifty 100 (Direct) | 98% | 101% | 0.10% |
| 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.
Nippon India ETF Nifty 100 vs Shriram Balanced Advantage: Portfolio Overlap
From each fund's latest monthly portfolio: Nippon India ETF Nifty 100, September 2026; Shriram Balanced Advantage Fund, September 2026
Holdings in common
- Overlap
- 47.3%
- Held by both
- 38
- Only in Nippon India ETF Nifty 100
- 62
- Only in Shriram Balanced Advantage
- 39
| Security | % of Nippon India ETF Nifty 100 | % of Shriram Balanced Advantage |
|---|---|---|
| HDFC Bank Limited | 8.41% | 4.97% |
| ICICI Bank Limited | 7.33% | 4.09% |
| Reliance Industries Limited | 6.14% | 3.99% |
| State Bank of India | 3.07% | 3.06% |
| Bharti Airtel Limited | 4.13% | 2.85% |
| Axis Bank Limited | 2.73% | 2.27% |
| Mahindra & Mahindra Limited | 2.04% | 2.50% |
| Infosys Limited | 2.72% | 1.97% |
| ITC Limited | 1.96% | 2.30% |
| Sun Pharmaceutical Industries Limited | 1.49% | 2.39% |
| Kotak Mahindra Bank Limited | 2.38% | 1.46% |
| Eternal Limited | 1.79% | 1.29% |
| Larsen & Toubro Limited | 3.41% | 1.10% |
| Tata Consultancy Services Limited | 1.62% | 1.08% |
| Maruti Suzuki India Limited | 1.20% | 1.08% |
| Bharat Electronics Limited | 1.08% | 1.50% |
| NTPC Limited | 1.19% | 1.02% |
| HCL Technologies Limited | 1.00% | 1.77% |
| Power Grid Corporation of India Limited | 0.91% | 1.06% |
| InterGlobe Aviation Limited | 0.87% | 1.45% |
| Adani Ports and Special Economic Zone Limited | 1.09% | 0.82% |
| Eicher Motors Limited | 0.76% | 0.68% |
| TVS Motor Company Limited | 0.75% | 0.67% |
| Divi's Laboratories Limited | 0.91% | 0.64% |
| Oil & Natural Gas Corporation Limited | 0.68% | 0.59% |
| Cipla Limited | 0.59% | 0.87% |
| SBI Life Insurance Company Limited | 0.59% | 1.28% |
| Varun Beverages Limited | 0.46% | 1.03% |
| Tata Motors Ltd | 0.68% | 0.42% |
| Bharat Petroleum Corporation Limited | 0.47% | 0.41% |
| Bajaj Holdings & Investment Limited | 0.36% | 1.56% |
| DLF Limited | 0.33% | 0.33% |
| HDFC Life Insurance Company Limited | 0.43% | 0.26% |
| Muthoot Finance Limited | 0.23% | 0.28% |
| Coal India Limited | 0.79% | 0.20% |
| Apollo Hospitals Enterprise Limited | 0.65% | 0.20% |
| Ambuja Cements Limited | 0.18% | 0.95% |
| Siemens Limited | 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 Nippon India ETF Nifty 100
| Security | % of fund |
|---|---|
| Bajaj Finance Limited | 2.03% |
| Titan Company Limited | 1.47% |
| Hindustan Unilever Limited | 1.29% |
| Tata Steel Limited | 1.18% |
| Shriram Finance Limited | 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 | Nippon India ETF Nifty 100 | Shriram Balanced Advantage |
|---|---|---|
| Equity | 99.9% | 69.4% |
| Debt | 0.0% | 21.7% |
| Cash and others | 0.1% | 8.9% |
Market cap of stocks
| Market cap | Nippon India ETF Nifty 100 | Shriram Balanced Advantage |
|---|---|---|
| Large Cap | 97.9% | 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 | Nippon India ETF Nifty 100 | Shriram Balanced Advantage |
|---|---|---|
| Banks | 25.1% | 15.8% |
| Petroleum Products | 7.0% | 4.5% |
| IT - Software | 6.7% | 4.8% |
| Automobiles | 6.3% | 4.9% |
| Finance | 6.2% | 2.3% |
| Pharmaceuticals & Biotechnology | 4.3% | 4.8% |
| Telecom - Services | 4.4% | 2.9% |
The six largest sectors of each fund's stocks, % of the fund.
Nippon India ETF Nifty 100 vs Shriram Balanced Advantage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Nippon India ETF Nifty 100 | Shriram Balanced Advantage Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.52% | 0.90% |
| Base expense ratio (Direct) | 0.43% | 0.64% |
| Total expense ratio (Regular) | Not available | 2.57% |
| Base expense ratio (Regular) | 0.00% | 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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Nippon India ETF Nifty 100 vs Shriram Balanced Advantage Fund: Frequently Asked Questions
What is the difference between Nippon India ETF Nifty 100 and Shriram Balanced Advantage Fund?
Nippon India ETF Nifty 100 is a mutual fund, Shriram Balanced Advantage Fund is a Balanced Advantage fund, run by Nippon India Mutual Fund and Shriram Mutual Fund. Their portfolios overlap 47.3%. Nippon India ETF Nifty 100 charges 0.52% a year and Shriram Balanced Advantage Fund 0.90%.
Which has given higher returns, Nippon India ETF Nifty 100 or Shriram Balanced Advantage Fund?
Over 1 year: Nippon India ETF Nifty 100 −9.15%, Shriram Balanced Advantage Fund −4.97%. Over 3 years: Nippon India ETF Nifty 100 +8.51% a year, Shriram Balanced Advantage Fund +6.02% a year. Over 5 years: Nippon India ETF Nifty 100 +6.66% 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, Nippon India ETF Nifty 100 or Shriram Balanced Advantage Fund?
Nippon India ETF Nifty 100 charges less: 0.52% a year against 0.90%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Nippon India ETF Nifty 100 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 better for SIP, Nippon India ETF Nifty 100 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 ₹7,00,774 in Nippon India ETF Nifty 100 (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 Nippon India ETF Nifty 100 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.
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.