Aditya Birla Sun Life Msci India ETF vs HDFC NIFTY 100 Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Msci India ETF is an ETF fund and HDFC NIFTY 100 Index Fund is an Index fund. Aditya Birla Sun Life Msci India ETF charges 0.22% a year and HDFC NIFTY 100 Index Fund 0.36%. Their portfolios overlap 80.9%: they hold 94 of the same securities.
Aditya Birla Sun Life Msci India ETF
ETF
- Expense ratio
- 0.22%
- NAV
- ₹27.93
Which is better, Aditya Birla Sun Life Msci India ETF or HDFC NIFTY 100 Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Aditya Birla Sun Life Msci India ETF costs less: 0.22% a year against 0.36%.
- Aditya Birla Sun Life Msci India ETF fell less in its worst fall since 20-02-2026: −12.5% against −13.2%.
- HDFC NIFTY 100 Index holds more in large companies: 98.0% of the fund in large caps against 80.6%.
- HDFC NIFTY 100 Index is the larger fund: ₹457 Cr against ₹11 Cr.
- Their portfolios overlap 80.9%: 94 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 | Aditya Birla Sun Life Msci India ETF | HDFC NIFTY 100 Index Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | HDFC Mutual Fund |
| Category | ETF | Index |
| AUM | ₹11 Cr (30-09-2026) | ₹457 Cr (30-09-2026) |
| NAV | ₹27.93 | ₹14.33 (Direct) |
| Expense ratio (Direct) | Not available | 0.36% |
| Expense ratio (Regular) | Not available | 0.81% |
| Riskometer | Very High | Very High |
| Benchmark | MSCI India Index | Nifty 100 TRI |
| Launch date | 17-02-2026 | 23-02-2022 |
| Minimum investment | For Subscription / Redemption of units directly with Mutual Fund: Subscription / Redemption facility directly with the Mutual Fund would be restricted to Market Makers and Large Investors. Units of the Scheme may be subscribed to / redeemed only in Creati | ₹100 |
| Lock in | None | None |
| Fund managers | Priya Sridhar, Mehul Dama | Nandita Menezes, Arun Agarwal |
| Exit load | NIL | NIL |
Aditya Birla Sun Life Msci India ETF vs HDFC NIFTY 100 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 |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Msci India ETF | +0.29% | −5.96% | −3.50% | -- | -- | -- | -- |
| HDFC NIFTY 100 Index Fund (Direct) | +1.01% | −5.39% | −3.12% | −9.00% | +8.65% | -- | -- |
Aditya Birla Sun Life Msci India ETF vs HDFC NIFTY 100 Index: Year-wise Returns
| Year | Aditya Birla Sun Life Msci India ETFAditya Birla Sun Life Msci India ETF | HDFC NIFTY 100 IndexHDFC NIFTY 100 Index |
|---|---|---|
| 2026to date | -- | −9.57% |
| 2025 | -- | +9.87% |
| 2024 | -- | +12.39% |
| 2023 | -- | +20.80% |
Aditya Birla Sun Life Msci India ETF vs HDFC NIFTY 100 Index: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of HDFC NIFTY 100 Index Fund
Aditya Birla Sun Life Msci India ETF vs HDFC NIFTY 100 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life Msci India ETF | HDFC NIFTY 100 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.53% | +8.00% |
| Standard deviation | 15.37% | 13.63% |
| Sharpe ratio | -1.03 | 0.15 |
| Sortino ratio | -1.35 | 0.21 |
| Maximum drawdown | −12.5% (31-03-2026) | −17.3% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.44% |
From daily NAVs, 20-02-2026 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.
Aditya Birla Sun Life Msci India ETF
HDFC NIFTY 100 Index Fund (Direct)
Nifty 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Msci India ETF | −12.5% | 23-02-2026 | 31-03-2026 | 03-08-2026 | 4 months | −7.9% |
| HDFC NIFTY 100 Index Fund (Direct) | −13.2% | 23-02-2026 | 31-03-2026 | Not yet | -- | −8.5% |
| Nifty 100 TRI | −13.2% | 23-02-2026 | 30-03-2026 | Not yet | -- | −8.3% |
From daily values since 20-02-2026, the first day every fund has.
Aditya Birla Sun Life Msci India ETF vs HDFC NIFTY 100 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Msci India ETF, September 2026; HDFC NIFTY 100 Index Fund, September 2026
Holdings in common
- Overlap
- 80.9%
- Held by both
- 94
- Only in Aditya Birla Sun Life Msci India ETF
- 71
- Only in HDFC NIFTY 100 Index
- 6
| Security | % of Aditya Birla Sun Life Msci India ETF | % of HDFC NIFTY 100 Index |
|---|---|---|
| HDFC Bank Ltd. | 6.44% | 8.42% |
| ICICI Bank Ltd. | 5.59% | 7.35% |
| Reliance Industries Ltd. | 5.44% | 6.15% |
| Bharti Airtel Ltd. | 3.93% | 4.14% |
| Infosys Ltd. | 2.41% | 2.72% |
| Axis Bank Ltd. | 2.25% | 2.73% |
| Mahindra & Mahindra Ltd. | 2.05% | 2.04% |
| Larsen & Toubro Ltd. | 2.02% | 3.41% |
| Bajaj Finance Ltd. | 1.91% | 2.03% |
| Kotak Mahindra Bank Ltd. | 1.82% | 2.38% |
| State Bank of India | 1.41% | 3.07% |
| Tata Consultancy Services Ltd. | 1.33% | 1.62% |
| Sun Pharmaceutical Industries Ltd. | 1.30% | 1.49% |
| Titan Company Ltd. | 1.30% | 1.47% |
| Eternal Ltd. | 1.22% | 1.80% |
| Maruti Suzuki India Ltd. | 1.13% | 1.21% |
| NTPC Ltd. | 1.12% | 1.19% |
| Tata Steel Ltd. | 1.10% | 1.19% |
| Bharat Electronics Ltd. | 1.07% | 1.08% |
| Shriram Finance Ltd. | 1.11% | 1.07% |
| Hindustan Unilever Ltd. | 1.06% | 1.29% |
| Hindalco Industries Ltd. | 0.97% | 1.06% |
| Ultratech Cement Ltd. | 0.90% | 1.01% |
| Divi's Laboratories Ltd. | 0.88% | 0.92% |
| Power Grid Corporation of India Ltd. | 0.87% | 0.91% |
| HCL Technologies Ltd. | 0.86% | 1.00% |
| Adani Ports and Special Economic Zone Ltd. | 0.83% | 1.09% |
| Eicher Motors Ltd. | 0.78% | 0.76% |
| Interglobe Aviation Ltd. | 0.75% | 0.87% |
| TVS Motor Company Ltd. | 0.78% | 0.75% |
| Asian Paints Ltd. | 0.73% | 0.84% |
| Grasim Industries Ltd. | 0.66% | 0.90% |
| Tech Mahindra Ltd. | 0.66% | 0.75% |
| Apollo Hospitals Enterprise Ltd. | 0.65% | 0.65% |
| ITC Ltd. | 0.63% | 1.96% |
| Hindustan Aeronautics Ltd. | 0.62% | 0.69% |
| Tata Motors Ltd. | 0.62% | 0.68% |
| JSW Steel Ltd. | 0.61% | 0.94% |
| Nestle India Ltd. | 0.60% | 0.73% |
| Adani Enterprises Ltd. | 0.59% | 0.76% |
| SBI Life Insurance Co. Ltd. | 0.61% | 0.59% |
| Bajaj Auto Ltd. | 0.58% | 0.92% |
| Trent Ltd. | 0.56% | 0.68% |
| Samvardhana Motherson International Ltd. | 0.55% | 0.56% |
| Torrent Pharmaceuticals Ltd. | 0.55% | 0.55% |
| Cipla Ltd. | 0.54% | 0.59% |
| Cholamandalam Investment & Finance Co. Ltd. | 0.55% | 0.54% |
| Adani Power Ltd. | 0.53% | 0.66% |
| Bajaj Finserv Ltd. | 0.53% | 0.78% |
| Max Healthcare Institute Ltd. | 0.52% | 0.54% |
| Coal India Ltd. | 0.52% | 0.79% |
| Cummins India Ltd. | 0.50% | 0.50% |
| Dr. Reddy's Laboratories Ltd. | 0.49% | 0.58% |
| BSE Ltd. | 0.49% | 0.97% |
| Oil & Natural Gas Corporation Ltd. | 0.46% | 0.68% |
| Jio Financial Services Ltd. | 0.46% | 0.55% |
| Vedanta Aluminium Metal Ltd. | 0.45% | 0.54% |
| Avenue Supermarts Ltd. | 0.44% | 0.48% |
| Varun Beverages Ltd. | 0.44% | 0.46% |
| Tata Power Company Ltd. | 0.43% | 0.47% |
| CG Power and Industrial Solutions Ltd. | 0.43% | 0.45% |
| Britannia Industries Ltd. | 0.42% | 0.44% |
| Tata Motors Passenger Vehicles Ltd. | 0.42% | 0.46% |
| Tata Consumer Products Ltd. | 0.41% | 0.48% |
| HDFC Life Insurance Company Ltd. | 0.41% | 0.43% |
| Bharat Petroleum Corporation Ltd. | 0.39% | 0.47% |
| Solar Industries India Ltd. | 0.36% | 0.37% |
| HDFC Asset Management Co. Ltd. | 0.35% | 0.36% |
| Power Finance Corporation Ltd. | 0.34% | 0.37% |
| DLF Ltd. | 0.33% | 0.34% |
| Polycab India Ltd. | 0.34% | 0.33% |
| Pidilite Industries Ltd. | 0.33% | 0.35% |
| Jindal Steel Ltd. | 0.32% | 0.33% |
| GAIL (India) Ltd. | 0.31% | 0.36% |
| Indian Oil Corporation Ltd. | 0.30% | 0.39% |
| Wipro Ltd. | 0.29% | 0.33% |
| Hitachi Energy India Ltd. | 0.29% | 0.30% |
| Vedanta Ltd. | 0.28% | 0.35% |
| Vodafone Idea Ltd. | 0.27% | 0.28% |
| Godrej Consumer Products Ltd. | 0.26% | 0.26% |
| ABB India Ltd. | 0.24% | 0.28% |
| Siemens Ltd. | 0.23% | 0.26% |
| Muthoot Finance Ltd. | 0.24% | 0.23% |
| Bajaj Holdings & Investment Ltd. | 0.23% | 0.36% |
| Bosch Ltd. | 0.22% | 0.32% |
| Adani Energy Solutions Ltd. | 0.22% | 0.33% |
| Siemens Energy India Ltd. | 0.21% | 0.22% |
| Union Bank of India | 0.21% | 0.26% |
| Punjab National Bank | 0.21% | 0.30% |
| LTM Ltd. | 0.20% | 0.29% |
| Bank of Baroda | 0.19% | 0.33% |
| Ambuja Cements Ltd. | 0.18% | 0.18% |
| Canara Bank | 0.17% | 0.31% |
| Zydus Lifesciences Ltd. | 0.17% | 0.22% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 80.9% means 80.9% 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 Aditya Birla Sun Life Msci India ETF
| Security | % of fund |
|---|---|
| Laurus Labs Ltd. | 0.55% |
| One 97 Communications Ltd. | 0.51% |
| Hero MotoCorp Ltd. | 0.50% |
| The Indian Hotels Company Ltd. | 0.48% |
| The Federal Bank Ltd. | 0.46% |
Largest holdings only in HDFC NIFTY 100 Index Fund
| Security | % of fund |
|---|---|
| Adani Green Energy Limited | 0.33% |
| Hyundai Motor India Limited | 0.22% |
| Hindustan Zinc Ltd. | 0.21% |
| Indian Railways Finance Corp. Ltd. | 0.14% |
| Tata Capital Ltd. | 0.14% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Msci India ETF | HDFC NIFTY 100 Index |
|---|---|---|
| Equity | 99.8% | 100.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.2% | -0.1% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Msci India ETF | HDFC NIFTY 100 Index |
|---|---|---|
| Large Cap | 80.6% | 98.0% |
| Mid Cap | 19.2% | 2.0% |
| Small Cap | 0.0% | 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 | Aditya Birla Sun Life Msci India ETF | HDFC NIFTY 100 Index |
|---|---|---|
| Banks | 20.3% | 25.1% |
| Petroleum Products | 6.4% | 7.0% |
| IT - Software | 6.6% | 6.7% |
| Automobiles | 6.2% | 6.4% |
| Finance | 6.3% | 6.2% |
| Pharmaceuticals & Biotechnology | 5.6% | 4.3% |
| Telecom - Services | 4.7% | 4.4% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Msci India ETF vs HDFC NIFTY 100 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Msci India ETF | HDFC NIFTY 100 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.36% |
| Base expense ratio (Direct) | 0.00% | 0.25% |
| Total expense ratio (Regular) | Not available | 0.81% |
| Base expense ratio (Regular) | 0.16% | 0.64% |
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.
Aditya Birla Sun Life Msci India ETF vs HDFC NIFTY 100 Index Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Msci India ETF and HDFC NIFTY 100 Index Fund?
Aditya Birla Sun Life Msci India ETF is an ETF fund, HDFC NIFTY 100 Index Fund is an Index fund, run by Aditya Birla Sun Life Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 80.9%. Aditya Birla Sun Life Msci India ETF charges 0.22% a year and HDFC NIFTY 100 Index Fund 0.36%.
Which has the lower expense ratio, Aditya Birla Sun Life Msci India ETF or HDFC NIFTY 100 Index Fund?
Aditya Birla Sun Life Msci India ETF charges less: 0.22% a year against 0.36%. These are the total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Msci India ETF and HDFC NIFTY 100 Index Fund overlap?
80.9%. They hold 94 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Msci India ETF or HDFC NIFTY 100 Index Fund?
On SEBI's riskometer, Aditya Birla Sun Life Msci India ETF is rated Very High and HDFC NIFTY 100 Index Fund Very High. Over their common history, the standard deviation of daily returns was 15.37% and 13.63% a year.
Can I invest in both Aditya Birla Sun Life Msci India ETF and HDFC NIFTY 100 Index Fund?
Yes. 80.9% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Aditya Birla Sun Life Msci India ETF and HDFC NIFTY 100 Index Fund?
Aditya Birla Sun Life Msci India ETF: Priya Sridhar, Mehul Dama. HDFC NIFTY 100 Index Fund: Nandita Menezes, Arun Agarwal.
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.