SBI Balanced Advantage Fund vs SBI BSE 100 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
SBI Balanced Advantage Fund is a Balanced Advantage fund and SBI BSE 100 ETF is a mutual fund. In the 3 years to 30-10-2026, SBI Balanced Advantage Fund (Direct) returned 9.3% a year and SBI BSE 100 ETF (Regular) returned 8.8% a year. SBI Balanced Advantage Fund charges 0.86% a year and SBI BSE 100 ETF 0.16%. Their portfolios overlap 38.7%: they hold 47 of the same securities.
SBI Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 9.3%
- Expense ratio
- 0.86%
- NAV
- ₹16.00
Which is better, SBI Balanced Advantage or SBI BSE 100 ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI Balanced Advantage returned more over 5 years: 9.4% a year against 7.6%.
- SBI Balanced Advantage returned more over 3 years: 9.3% a year against 8.8%.
- SBI BSE 100 ETF costs less: 0.16% a year against 0.86%.
- SBI Balanced Advantage swung less over 3 years: a standard deviation of 6.8% a year against 13.5%.
- SBI Balanced Advantage fell less in its worst fall since 07-09-2021: −7.4% against −16.7%.
- SBI BSE 100 ETF holds more in large companies: 90.2% of the fund in large caps against 49.6%.
- SBI Balanced Advantage is the larger fund: ₹40,545 Cr against ₹9 Cr.
- Their portfolios overlap 38.7%: 47 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 | SBI Balanced Advantage Fund | SBI BSE 100 ETF |
|---|---|---|
| Fund house | SBI Mutual Fund | SBI Mutual Fund |
| Category | Balanced Advantage | Not available |
| AUM | ₹40,545 Cr (30-09-2026) | ₹9 Cr (30-09-2026) |
| NAV | ₹16.00 (Direct) | ₹272.01 (Regular) |
| Expense ratio (Direct) | 0.86% | Not available |
| Expense ratio (Regular) | 1.67% | 0.16% |
| Riskometer | High | Not available |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | Not available |
| Launch date | 31-08-2021 | Not available |
| Minimum investment | ₹5,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Dinesh Balachandran, Anup Upadhyay | Not available |
| Exit load | For units in excess of 10% of the investment,1% will be charged for redemption within 1 year. | Not available |
SBI Balanced Advantage vs SBI BSE 100 ETF: 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 |
|---|---|---|---|---|---|---|---|
| SBI Balanced Advantage Fund (Direct) | −0.92% | −4.44% | −2.94% | −3.13% | +9.33% | +9.41% | -- |
| SBI BSE 100 ETF (Regular) | +0.93% | −5.53% | −2.97% | −9.05% | +8.78% | +7.62% | +11.52% |
| 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.
SBI Balanced Advantage vs SBI BSE 100 ETF: Year-wise Returns
| Year | Balanced AdvantageSBI Balanced Advantage | BSE 100 ETFSBI BSE 100 ETF |
|---|---|---|
| 2026to date | −4.89% | −9.80% |
| 2025 | +10.93% | +10.33% |
| 2024 | +14.50% | +13.11% |
| 2023 | +21.49% | +23.07% |
| 2022 | +6.20% | +5.85% |
| 2021 | -- | +26.33% |
SBI Balanced Advantage vs SBI BSE 100 ETF: Rolling Returns
Every holding period of both funds, against BSE 100 TRI, the benchmark of SBI BSE 100 ETF
Rolling returns
Every 3-year holding period, 535 of them, one for each trading day from 09-09-2024 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.
SBI Balanced Advantage Fund (Direct)
SBI BSE 100 ETF (Regular)
BSE 100 TRI
to
Nov 2024Mar 2022
to
Mar 2025Aug 2022
to
Aug 2025Dec 2022
to
Dec 2025Apr 2023
to
Apr 2026Aug 2023
to
Aug 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SBI Balanced Advantage | 0.0 | 0.0 | 6.2 | 67.9 | 26.0 | 0.0 | 0.0 | 13.8% | 14.2% | 8.8% | 17.4% | 57% |
| SBI BSE 100 ETF | 0.0 | 0.0 | 9.3 | 59.6 | 30.2 | 0.9 | 0.0 | 13.6% | 13.9% | 6.8% | 20.3% | 1% |
| BSE 100 TRI | 0.0 | 0.0 | 8.0 | 58.1 | 31.8 | 2.1 | 0.0 | 13.8% | 14.1% | 7.0% | 20.5% | -- |
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. The benchmark is BSE 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 07-09-2021. Past returns do not promise future returns.
SBI Balanced Advantage vs SBI BSE 100 ETF: 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 07-09-2021 to 30-10-2026: 62 instalments, ₹6,20,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| SBI Balanced AdvantageSBI Balanced Advantage Fund (Direct) | ₹6,20,000 | ₹7,62,772 | ₹1,42,772 | 8.0% |
| SBI BSE 100 ETFSBI BSE 100 ETF (Regular) | ₹6,20,000 | ₹7,28,580 | ₹1,08,580 | 6.2% |
SBI Balanced AdvantageSBI Balanced Advantage Fund (Direct)
SBI BSE 100 ETFSBI BSE 100 ETF (Regular)
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.
SBI Balanced Advantage vs SBI BSE 100 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | SBI Balanced Advantage Fund (Direct) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | −3.13% | −9.05% |
| Standard deviation | 7.65% | 13.91% |
| Sharpe ratio | -1.09 | -1.03 |
| Sortino ratio | -1.44 | -1.36 |
| Maximum drawdown | −7.4% (30-03-2026) | −15.0% (31-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.16% |
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 | SBI Balanced Advantage Fund (Direct) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +9.33% | +8.78% |
| Standard deviation | 6.81% | 13.55% |
| Sharpe ratio | 0.48 | 0.20 |
| Sortino ratio | 0.66 | 0.28 |
| Maximum drawdown | −7.4% (30-03-2026) | −16.7% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.18% |
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 | SBI Balanced Advantage Fund (Direct) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +9.41% | +7.62% |
| Standard deviation | 6.40% | 13.90% |
| Sharpe ratio | 0.56 | 0.13 |
| Sortino ratio | 0.78 | 0.18 |
| Maximum drawdown | −7.4% (30-03-2026) | −16.7% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.17% |
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 | SBI Balanced Advantage Fund (Direct) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +9.45% | +10.40% |
| Standard deviation | 6.34% | 15.99% |
| Sharpe ratio | 0.59 | 0.30 |
| Sortino ratio | 0.81 | 0.40 |
| Maximum drawdown | −7.4% (30-03-2026) | −38.2% (23-03-2020) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.44% |
From daily NAVs, 07-09-2021 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.
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.
SBI Balanced Advantage Fund (Direct)
SBI BSE 100 ETF (Regular)
BSE 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| SBI Balanced Advantage Fund (Direct) | −7.4% | 02-01-2026 | 30-03-2026 | 03-08-2026 | 4 months | −5.4% |
| SBI BSE 100 ETF (Regular) | −16.7% | 26-09-2024 | 28-02-2025 | 20-11-2025 | 9 months | −10.6% |
| BSE 100 TRI | −16.7% | 26-09-2024 | 28-02-2025 | 20-11-2025 | 9 months | −10.4% |
From daily values since 07-09-2021, 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.
SBI Balanced Advantage Fund (Direct)
SBI BSE 100 ETF (Regular)
BSE 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.
SBI Balanced Advantage Fund (Direct)
SBI BSE 100 ETF (Regular)
BSE 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.
SBI Balanced Advantage Fund (Direct)
SBI BSE 100 ETF (Regular)
BSE 100 TRI
Against BSE 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| SBI Balanced Advantage Fund (Direct) | 63% | 37% | 7.29% |
| SBI BSE 100 ETF (Regular) | 99% | 100% | 0.03% |
From month-end values since 07-09-2021. 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.
SBI Balanced Advantage vs SBI BSE 100 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: SBI Balanced Advantage Fund, September 2026; SBI BSE 100 ETF, September 2026
Holdings in common
- Overlap
- 38.7%
- Held by both
- 47
- Only in SBI Balanced Advantage
- 77
- Only in SBI BSE 100 ETF
- 53
| Security | % of SBI Balanced Advantage | % of SBI BSE 100 ETF |
|---|---|---|
| Reliance Industries Ltd. | 4.24% | 6.01% |
| HDFC Bank Ltd. | 3.68% | 8.26% |
| ICICI Bank Ltd. | 3.58% | 7.24% |
| Larsen & Toubro Ltd. | 2.44% | 3.35% |
| Axis Bank Ltd. | 1.80% | 2.68% |
| Sun Pharmaceutical Industries Ltd. | 1.67% | 1.50% |
| Eternal Ltd. | 1.46% | 1.76% |
| Bharti Airtel Ltd. | 1.36% | 4.18% |
| ITC Ltd. | 1.28% | 1.94% |
| Mahindra & Mahindra Ltd. | 1.22% | 2.01% |
| Tata Steel Ltd. | 1.84% | 1.16% |
| Kotak Mahindra Bank Ltd. | 1.10% | 2.34% |
| HCL Technologies Ltd. | 1.31% | 0.99% |
| Power Grid Corporation of India Ltd. | 1.02% | 0.91% |
| Maruti Suzuki India Ltd. | 0.79% | 1.18% |
| Asian Paints Ltd. | 0.76% | 0.83% |
| Tech Mahindra Ltd. | 2.06% | 0.75% |
| State Bank of India | 0.74% | 3.04% |
| Tata Motors Ltd. | 1.10% | 0.68% |
| Oil & Natural Gas Corporation Ltd. | 0.64% | 0.67% |
| Cipla Ltd. | 0.71% | 0.58% |
| Cholamandalam Investment & Finance Co. Ltd. | 1.45% | 0.54% |
| Cummins India Ltd. | 0.56% | 0.49% |
| Tata Motors Passenger Vehicles Ltd. | 1.58% | 0.46% |
| Bajaj Finserv Ltd. | 0.46% | 0.74% |
| Titan Company Ltd. | 0.38% | 1.43% |
| Indus Towers Ltd. | 1.93% | 0.37% |
| GAIL (India) Ltd. | 2.54% | 0.35% |
| Tata Power Company Ltd. | 0.35% | 0.46% |
| Bank of Baroda | 1.23% | 0.33% |
| The Federal Bank Ltd. | 0.33% | 0.60% |
| Wipro Ltd. | 0.33% | 0.32% |
| Punjab National Bank | 1.86% | 0.30% |
| United Spirits Ltd. | 0.75% | 0.30% |
| Grasim Industries Ltd. | 0.29% | 0.87% |
| Indian Oil Corporation Ltd. | 0.26% | 0.38% |
| Coal India Ltd. | 0.24% | 0.78% |
| Tata Consultancy Services Ltd. | 0.22% | 1.58% |
| Hindalco Industries Ltd. | 0.21% | 1.03% |
| ICICI Lombard General Insurance Company Ltd. | 0.21% | 0.30% |
| Hindustan Unilever Ltd. | 0.20% | 1.28% |
| IndusInd Bank Ltd. | 0.12% | 0.45% |
| Lupin Ltd. | 0.12% | 0.38% |
| Infosys Ltd. | 0.10% | 2.68% |
| SBI Life Insurance Co. Ltd. | 0.03% | 0.58% |
| Shriram Finance Ltd. | 0.03% | 1.04% |
| HDFC Life Insurance Company Ltd. | 0.01% | 0.42% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 38.7% means 38.7% 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 SBI Balanced Advantage Fund
| Security | % of fund |
|---|---|
| 364 DAY T-BILL 04.03.27 | 2.05% |
| Cholamandalam Investment & Finance Co. Ltd.Perpetual | 1.57% |
| Bandhan Bank Ltd. | 1.47% |
| Brookfield India Real Estate Trust | 1.32% |
| Star Health & Allied Insurance Co. Ltd. | 1.28% |
Largest holdings only in SBI BSE 100 ETF
| Security | % of fund |
|---|---|
| Bajaj Finance Ltd. | 1.96% |
| NTPC Ltd. | 1.17% |
| Bharat Electronics Ltd. | 1.07% |
| Adani Ports and Special Economic Zone Ltd. | 1.07% |
| Ultratech Cement Ltd. | 0.98% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | SBI Balanced Advantage | SBI BSE 100 ETF |
|---|---|---|
| Equity | 67.4% | 100.0% |
| Debt | 23.2% | 0.0% |
| Cash and others | 9.4% | 0.0% |
Market cap of stocks
| Market cap | SBI Balanced Advantage | SBI BSE 100 ETF |
|---|---|---|
| Large Cap | 49.6% | 90.2% |
| Mid Cap | 10.5% | 9.7% |
| Small Cap | 7.3% | 0.0% |
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 | SBI Balanced Advantage | SBI BSE 100 ETF |
|---|---|---|
| Banks | 15.9% | 26.7% |
| IT - Software | 4.0% | 7.5% |
| Petroleum Products | 4.5% | 6.8% |
| Automobiles | 3.6% | 6.5% |
| Finance | 3.0% | 5.8% |
| Power | 4.9% | 3.2% |
| Telecom - Services | 3.3% | 4.5% |
| Pharmaceuticals & Biotechnology | 4.3% | 3.9% |
| Retailing | 3.8% | 3.3% |
The six largest sectors of each fund's stocks, % of the fund.
SBI Balanced Advantage vs SBI BSE 100 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | SBI Balanced Advantage Fund | SBI BSE 100 ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.86% | Not available |
| Base expense ratio (Direct) | 0.60% | 0.00% |
| Total expense ratio (Regular) | 1.67% | 0.16% |
| Base expense ratio (Regular) | 1.29% | 0.12% |
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 SBI Balanced Advantage with
SBI Balanced Advantage Fund vs SBI BSE 100 ETF: Frequently Asked Questions
What is the difference between SBI Balanced Advantage Fund and SBI BSE 100 ETF?
SBI Balanced Advantage Fund is a Balanced Advantage fund, SBI BSE 100 ETF is a mutual fund, run by SBI Mutual Fund. Their portfolios overlap 38.7%. SBI Balanced Advantage Fund charges 0.86% a year and SBI BSE 100 ETF 0.16%.
Which has given higher returns, SBI Balanced Advantage Fund or SBI BSE 100 ETF?
Over 1 year: SBI Balanced Advantage Fund −3.13%, SBI BSE 100 ETF −9.05%. Over 3 years: SBI Balanced Advantage Fund +9.33% a year, SBI BSE 100 ETF +8.78% a year. Over 5 years: SBI Balanced Advantage Fund +9.41% a year, SBI BSE 100 ETF +7.62% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, SBI Balanced Advantage Fund or SBI BSE 100 ETF?
SBI BSE 100 ETF charges less: 0.16% a year against 0.86%. These are the total expense ratios reported to AMFI.
How much do SBI Balanced Advantage Fund and SBI BSE 100 ETF overlap?
38.7%. They hold 47 of the same securities, the largest shared ones being RELIANCE, HDFCBANK, ICICIBANK. From each fund's latest monthly portfolio.
Which is better for SIP, SBI Balanced Advantage Fund or SBI BSE 100 ETF?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,46,857 in SBI Balanced Advantage Fund (XIRR 7.9% a year) and ₹7,13,638 in SBI BSE 100 ETF (XIRR 6.1% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both SBI Balanced Advantage Fund and SBI BSE 100 ETF?
Yes. 38.7% of each fund's money sits in the same holdings, so some 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.