UTI Balanced Advantage Fund vs Zerodha Nifty 50 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
UTI Balanced Advantage Fund is a Balanced Advantage fund and Zerodha Nifty 50 Index Fund is an Index fund. In the year to 30-10-2026, UTI Balanced Advantage Fund (Direct) returned −4.3% and Zerodha Nifty 50 Index Fund (Direct) returned −10.3%. UTI Balanced Advantage Fund charges 0.91% a year and Zerodha Nifty 50 Index Fund 0.28% (Direct plans). Their portfolios overlap 53.8%: they hold 28 of the same securities.
UTI Balanced Advantage Fund
Balanced Advantage
- 1 year return
- −4.3%
- Expense ratio
- 0.91%
- NAV
- ₹12.80
Zerodha Nifty 50 Index Fund
Index
- 1 year return
- −10.3%
- Expense ratio
- 0.28%
- NAV
- ₹9.24
Which is better, UTI Balanced Advantage or Zerodha Nifty 50 Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- UTI Balanced Advantage returned more over 1 year: −4.3% against −10.3%.
- Zerodha Nifty 50 Index costs less: 0.28% a year against 0.91% (Direct plans).
- UTI Balanced Advantage fell less in its worst fall since 17-10-2025: −10.5% against −15.2%.
- Zerodha Nifty 50 Index holds more in large companies: 99.2% of the fund in large caps against 57.3%.
- UTI Balanced Advantage is the larger fund: ₹2,856 Cr against ₹75 Cr.
- Their portfolios overlap 53.8%: 28 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 | UTI Balanced Advantage Fund | Zerodha Nifty 50 Index Fund |
|---|---|---|
| Fund house | UTI Mutual Fund | Zerodha Mutual Fund |
| Category | Balanced Advantage | Index |
| AUM | ₹2,856 Cr (30-09-2026) | ₹75 Cr (30-09-2026) |
| NAV | ₹12.80 (Direct) | ₹9.24 (Direct) |
| Expense ratio (Direct) | 0.91% | 0.28% |
| Expense ratio (Regular) | 2.01% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | Nifty 50 TRI |
| Launch date | 10-08-2023 | 14-10-2025 |
| Minimum investment | ₹5,000 | ₹100 |
| Lock in | None | None |
| Fund managers | "Equity - Mr. Sachin Trivedi, Debt - Mr. Anurag Mittal " | Kedarnath Mirajkar |
| Exit load | Exit load of 1%, if redeemed within 90 days. | Nil |
UTI Balanced Advantage vs Zerodha Nifty 50 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 |
|---|---|---|---|---|---|---|---|
| UTI Balanced Advantage Fund (Direct) | +1.17% | −2.56% | +0.07% | −4.25% | +8.50% | -- | -- |
| Zerodha Nifty 50 Index Fund (Direct) | +1.95% | −5.00% | −3.12% | −10.25% | -- | -- | -- |
| 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.
UTI Balanced Advantage vs Zerodha Nifty 50 Index: Year-wise Returns
| Year | UTI Balanced AdvantageUTI Balanced Advantage | Zerodha Nifty 50 IndexZerodha Nifty 50 Index |
|---|---|---|
| 2026to date | −5.20% | −11.01% |
| 2025 | +10.20% | -- |
| 2024 | +12.52% | -- |
UTI Balanced Advantage vs Zerodha Nifty 50 Index: Rolling Returns
Every holding period of both funds, against Nifty 50 TRI, the benchmark of Zerodha Nifty 50 Index Fund
UTI Balanced Advantage vs Zerodha Nifty 50 Index: 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 01-10-2025 to 30-10-2026: 13 instalments, ₹1,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| UTI Balanced AdvantageUTI Balanced Advantage Fund (Direct) | ₹1,30,000 | ₹1,27,907 | −₹2,093 | −2.8% |
| Zerodha Nifty 50 IndexZerodha Nifty 50 Index Fund (Direct) | ₹1,30,000 | ₹1,23,091 | −₹6,909 | −9.1% |
UTI Balanced AdvantageUTI Balanced Advantage Fund (Direct)
Zerodha Nifty 50 IndexZerodha Nifty 50 Index 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.
UTI Balanced Advantage vs Zerodha Nifty 50 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | UTI Balanced Advantage Fund (Direct) | Zerodha Nifty 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.25% | −10.25% |
| Standard deviation | 8.94% | 13.60% |
| Sharpe ratio | -1.06 | -1.14 |
| Sortino ratio | -1.43 | -1.52 |
| Maximum drawdown | −10.5% (30-03-2026) | −15.2% (30-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.28% |
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 | UTI Balanced Advantage Fund (Direct) | Zerodha Nifty 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.17% | −9.31% |
| Standard deviation | 7.58% | 13.43% |
| Sharpe ratio | 0.28 | -1.08 |
| Sortino ratio | 0.39 | -1.45 |
| Maximum drawdown | −10.5% (30-03-2026) | −15.2% (30-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.29% |
From daily NAVs, 17-08-2023 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.
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.
UTI Balanced Advantage Fund (Direct)
Zerodha Nifty 50 Index Fund (Direct)
Nifty 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| UTI Balanced Advantage Fund (Direct) | −10.5% | 02-01-2026 | 30-03-2026 | Not yet | -- | −5.7% |
| Zerodha Nifty 50 Index Fund (Direct) | −15.2% | 02-01-2026 | 30-03-2026 | Not yet | -- | −11.7% |
| Nifty 50 TRI | −15.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −11.6% |
From daily values since 17-10-2025, 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.
UTI Balanced Advantage Fund (Direct)
Zerodha Nifty 50 Index Fund (Direct)
Nifty 50 TRI
Against Nifty 50 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| UTI Balanced Advantage Fund (Direct) | 78% | 64% | 5.18% |
| Zerodha Nifty 50 Index Fund (Direct) | 99% | 100% | 0.15% |
From month-end values since 17-10-2025. 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.
UTI Balanced Advantage vs Zerodha Nifty 50 Index: Portfolio Overlap
From each fund's latest monthly portfolio: UTI Balanced Advantage Fund, September 2026; Zerodha Nifty 50 Index Fund, September 2026
Holdings in common
- Overlap
- 53.8%
- Held by both
- 28
- Only in UTI Balanced Advantage
- 56
- Only in Zerodha Nifty 50 Index
- 22
| Security | % of UTI Balanced Advantage | % of Zerodha Nifty 50 Index |
|---|---|---|
| EQ - HDFC BANK LIMITED | 6.71% | 10.44% |
| EQ - ICICI BANK LTD | 6.61% | 9.10% |
| EQ - RELIANCE INDUSTRIES LTD. | 4.29% | 7.63% |
| EQ - BHARTI AIRTEL LTD. | 3.50% | 5.13% |
| EQ - KOTAK MAHINDRA BANK LTD. | 3.37% | 2.95% |
| EQ - AXIS BANK LTD. | 2.91% | 3.39% |
| EQ - INFOSYS LTD. | 2.73% | 3.37% |
| EQ - STATE BANK OF INDIA | 2.73% | 3.81% |
| EQ - BAJAJ FINANCE LTD. | 2.29% | 2.52% |
| EQ - ETERNAL LIMITED | 2.51% | 2.23% |
| EQ - MAHINDRA & MAHINDRA LTD. | 2.02% | 2.53% |
| EQ - TITAN COMPANY LTD. | 1.89% | 1.82% |
| EQ - LARSEN & TOUBRO LTD. | 1.52% | 4.23% |
| EQ - ADANI PORTS AND SPECIAL ECONO | 1.26% | 1.35% |
| EQ - ULTRATECH CEMENT LTD. | 1.29% | 1.25% |
| EQ - ITC LTD. | 1.03% | 2.43% |
| EQ - MARUTI SUZUKI INDIA LTD. | 1.02% | 1.49% |
| EQ - COAL INDIA LTD. | 1.05% | 0.98% |
| EQ - TATA CONSULTANCY SERVICES LTD. | 0.97% | 2.01% |
| EQ - JSW STEEL LTD. | 0.88% | 1.16% |
| EQ - EICHER MOTORS LTD | 0.80% | 0.95% |
| EQ - DR REDDYS LABORATORIES LTD. | 0.70% | 0.72% |
| EQ - SBI LIFE INSURANCE COMPANY LTD | 0.66% | 0.73% |
| EQ - NTPC LTD. | 0.48% | 1.47% |
| EQ - ADANI ENTERPRISES LTD. | 0.47% | 0.95% |
| EQ - HDFC LIFE INSURANCE COMPANY LI | 0.37% | 0.54% |
| EQ - ASIAN PAINTS (INDIA) LTD. | 0.35% | 1.04% |
| EQ - OIL & NATURAL GAS CORPORATION | 0.27% | 0.84% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 53.8% means 53.8% 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 UTI Balanced Advantage Fund
| Security | % of fund |
|---|---|
| 7.06% GS MAT - 10/04/2028 | 3.71% |
| NCD EXPORT IMPORT BANK OF INDIA | 2.07% |
| NCD EXPORT IMPORT BANK OF INDIA | 1.74% |
| CP EXPORT IMPORT BANK OF INDIA | 1.71% |
| CD - SMALL INDST. DEV. BANK OF INDIA - 04/02/2027 | 1.71% |
Largest holdings only in Zerodha Nifty 50 Index Fund
| Security | % of fund |
|---|---|
| Sun Pharmaceutical Industries Limited | 1.85% |
| Hindustan Unilever Limited | 1.60% |
| Tata Steel Limited | 1.47% |
| Bharat Electronics Limited | 1.34% |
| Shriram Finance Limited | 1.32% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | UTI Balanced Advantage | Zerodha Nifty 50 Index |
|---|---|---|
| Equity | 68.7% | 100.6% |
| Debt | 25.0% | 0.0% |
| Cash and others | 6.3% | -0.6% |
Market cap of stocks
| Market cap | UTI Balanced Advantage | Zerodha Nifty 50 Index |
|---|---|---|
| Large Cap | 57.3% | 99.2% |
| Mid Cap | 7.3% | 1.4% |
| Small Cap | 3.1% | 0.0% |
| Not on AMFI's list | 1.0% | 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 | UTI Balanced Advantage | Zerodha Nifty 50 Index |
|---|---|---|
| Banks | 23.1% | 29.7% |
| Petroleum Products | 4.3% | 7.6% |
| IT - Software | 5.7% | 7.6% |
| Automobiles | 4.8% | 6.7% |
| Finance | 2.3% | 5.5% |
| Telecom - Services | 3.5% | 5.1% |
| Consumer Durables | 3.3% | 2.9% |
The six largest sectors of each fund's stocks, % of the fund.
UTI Balanced Advantage vs Zerodha Nifty 50 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | UTI Balanced Advantage Fund | Zerodha Nifty 50 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.91% | 0.28% |
| Base expense ratio (Direct) | 0.68% | 0.10% |
| Total expense ratio (Regular) | 2.01% | Not available |
| Base expense ratio (Regular) | 1.68% | 0.00% |
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 UTI Balanced Advantage with
UTI Balanced Advantage Fund vs Zerodha Nifty 50 Index Fund: Frequently Asked Questions
What is the difference between UTI Balanced Advantage Fund and Zerodha Nifty 50 Index Fund?
UTI Balanced Advantage Fund is a Balanced Advantage fund, Zerodha Nifty 50 Index Fund is an Index fund, run by UTI Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 53.8%. UTI Balanced Advantage Fund charges 0.91% a year and Zerodha Nifty 50 Index Fund 0.28%.
Which has given higher returns, UTI Balanced Advantage Fund or Zerodha Nifty 50 Index Fund?
Over 1 year: UTI Balanced Advantage Fund −4.25%, Zerodha Nifty 50 Index Fund −10.25%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, UTI Balanced Advantage Fund or Zerodha Nifty 50 Index Fund?
Zerodha Nifty 50 Index Fund charges less: 0.28% a year against 0.91%. These are the Direct plans' total expense ratios reported to AMFI.
How much do UTI Balanced Advantage Fund and Zerodha Nifty 50 Index Fund overlap?
53.8%. They hold 28 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, UTI Balanced Advantage Fund or Zerodha Nifty 50 Index Fund?
On SEBI's riskometer, UTI Balanced Advantage Fund is rated Very High and Zerodha Nifty 50 Index Fund Very High. Over 1 years, the standard deviation of daily returns was 8.94% and 13.60% a year.
Can I invest in both UTI Balanced Advantage Fund and Zerodha Nifty 50 Index Fund?
Yes. 53.8% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages UTI Balanced Advantage Fund and Zerodha Nifty 50 Index Fund?
UTI Balanced Advantage Fund: "Equity - Mr. Sachin Trivedi, Debt - Mr. Anurag Mittal ". Zerodha Nifty 50 Index Fund: Kedarnath Mirajkar.
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.