AlphaGrep Flexi Cap Fund vs HDFC Nifty500 Multicap 50:25:25 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
AlphaGrep Flexi Cap Fund is a Flexi Cap fund and HDFC Nifty500 Multicap 50:25:25 Index Fund is an Index fund. AlphaGrep Flexi Cap Fund charges 2.80% a year and HDFC Nifty500 Multicap 50:25:25 Index Fund 0.35% (Direct plans). Their portfolios overlap 24.3%: they hold 143 of the same securities.
HDFC Nifty500 Multicap 50:25:25 Index Fund
Index
- Expense ratio
- 0.35%
- NAV
- ₹9.50
Which is better, AlphaGrep Flexi Cap or HDFC Nifty500 Multicap 50:25:25 Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HDFC Nifty500 Multicap 50:25:25 Index costs less: 0.35% a year against 2.80% (Direct plans).
- AlphaGrep Flexi Cap fell less in its worst fall since 13-08-2026: −7.6% against −9.9%.
- HDFC Nifty500 Multicap 50:25:25 Index holds more in large companies: 50.4% of the fund in large caps against 16.7%.
- HDFC Nifty500 Multicap 50:25:25 Index is the larger fund: ₹510 Cr against ₹80 Cr.
- Their portfolios overlap 24.3%: 143 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 | AlphaGrep Flexi Cap Fund | HDFC Nifty500 Multicap 50:25:25 Index Fund |
|---|---|---|
| Fund house | AlphaGrep Mutual Fund | HDFC Mutual Fund |
| Category | Flexi Cap | Index |
| AUM | ₹80 Cr (30-09-2026) | ₹510 Cr (30-09-2026) |
| NAV | ₹9.59 (Direct) | ₹9.50 (Direct) |
| Expense ratio (Direct) | 2.80% | 0.35% |
| Expense ratio (Regular) | 4.66% | 0.82% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | NIFTY 500 Multicap 50:25:25 Total Return Index |
| Launch date | 11-08-2026 | 23-08-2024 |
| Minimum investment | ₹500 | ₹100 |
| Lock in | None | None |
| Fund managers | Ravneet Singh | Nandita Menezes, Arun Agarwal |
| Exit load | Exit load of 1%, if redeemed within 15 Days. | NIL |
AlphaGrep Flexi Cap vs HDFC Nifty500 Multicap 50:25:25 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 |
|---|---|---|---|---|---|---|---|
| AlphaGrep Flexi Cap Fund (Direct) | −3.35% | -- | -- | -- | -- | -- | -- |
| HDFC Nifty500 Multicap 50:25:25 Index Fund (Direct) | −1.90% | −6.32% | −2.43% | −6.45% | -- | -- | -- |
| Flexi Cap average | −1.62% | -- | -- | -- | -- | -- | -- |
Category average: the average of the 46 Flexi Cap funds, same plan type.
AlphaGrep Flexi Cap vs HDFC Nifty500 Multicap 50:25:25 Index: Year-wise Returns
| Year | AlphaGrep Flexi CapAlphaGrep Flexi Cap | HDFC Nifty500 Multicap 50:25:25 IndexHDFC Nifty500 Multicap 50:25:25 Index |
|---|---|---|
| 2026to date | -- | −5.92% |
| 2025 | -- | +4.88% |
AlphaGrep Flexi Cap vs HDFC Nifty500 Multicap 50:25:25 Index: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of AlphaGrep Flexi Cap Fund
AlphaGrep Flexi Cap vs HDFC Nifty500 Multicap 50:25:25 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | AlphaGrep Flexi Cap Fund (Direct) | HDFC Nifty500 Multicap 50:25:25 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −22.07% | −2.31% |
| Standard deviation | 11.03% | 14.74% |
| Sharpe ratio | -2.48 | -0.55 |
| Sortino ratio | -2.84 | -0.73 |
| Maximum drawdown | −7.6% (23-10-2026) | −20.0% (03-03-2025) |
| Beta | 0.83 | 1.00 |
| Alpha | +1.93% | −0.44% |
From daily NAVs, 13-08-2026 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.
AlphaGrep Flexi Cap Fund (Direct)
HDFC Nifty500 Multicap 50:25:25 Index Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| AlphaGrep Flexi Cap Fund (Direct) | −7.6% | 28-08-2026 | 23-10-2026 | Not yet | -- | −6.0% |
| HDFC Nifty500 Multicap 50:25:25 Index Fund (Direct) | −9.9% | 13-08-2026 | 23-10-2026 | Not yet | -- | −7.9% |
| Nifty 500 TRI | −9.3% | 13-08-2026 | 23-10-2026 | Not yet | -- | −7.4% |
From daily values since 13-08-2026, the first day every fund has.
AlphaGrep Flexi Cap vs HDFC Nifty500 Multicap 50:25:25 Index: Portfolio Overlap
From each fund's latest monthly portfolio: AlphaGrep Flexi Cap Fund, September 2026; HDFC Nifty500 Multicap 50:25:25 Index Fund, September 2026
Holdings in common
- Overlap
- 24.3%
- Held by both
- 143
- Only in AlphaGrep Flexi Cap
- 20
- Only in HDFC Nifty500 Multicap 50:25:25 Index
- 355
| Security | % of AlphaGrep Flexi Cap | % of HDFC Nifty500 Multicap 50:25:25 Index |
|---|---|---|
| Larsen & Toubro Ltd. | 0.95% | 1.70% |
| Mahindra & Mahindra Ltd. | 0.81% | 1.02% |
| Sun Pharmaceutical Industries Ltd. | 1.20% | 0.74% |
| NTPC Ltd. | 1.24% | 0.59% |
| Bharat Electronics Ltd. | 1.58% | 0.54% |
| Ultratech Cement Ltd. | 0.48% | 0.50% |
| JSW Steel Ltd. | 1.16% | 0.47% |
| Grasim Industries Ltd. | 0.62% | 0.45% |
| Coal India Ltd. | 0.61% | 0.39% |
| AU Small Finance Bank Ltd. | 0.77% | 0.36% |
| Karur Vysya Bank Ltd. | 1.10% | 0.35% |
| Dixon Technologies (India) Ltd. | 1.46% | 0.33% |
| Laurus Labs Ltd. | 0.32% | 0.47% |
| Hero MotoCorp Ltd. | 0.30% | 0.42% |
| Lupin Ltd. | 0.97% | 0.30% |
| Dr. Reddy's Laboratories Ltd. | 1.03% | 0.29% |
| Info Edge (India) Ltd. | 0.34% | 0.29% |
| Samvardhana Motherson International Ltd. | 0.33% | 0.28% |
| Redington Ltd. | 0.32% | 0.27% |
| The Federal Bank Ltd. | 0.27% | 0.48% |
| Bharat Forge Ltd. | 0.26% | 0.33% |
| Gland Pharma Ltd. | 0.37% | 0.26% |
| GE Vernova T&D India Ltd. | 0.26% | 0.32% |
| City Union Bank Ltd. | 0.27% | 0.25% |
| United Spirits Ltd. | 0.26% | 0.25% |
| Vedanta Aluminium Metal Ltd. | 0.25% | 0.27% |
| Indus Towers Ltd. | 0.24% | 0.29% |
| Tata Consumer Products Ltd. | 0.99% | 0.24% |
| RBL Bank Ltd. | 0.23% | 0.28% |
| CG Power and Industrial Solutions Ltd. | 0.77% | 0.23% |
| Swiggy Ltd. | 0.37% | 0.23% |
| Asian Paints Ltd. | 0.23% | 0.42% |
| Kirloskar Oil Engines Ltd. | 1.50% | 0.22% |
| AnandRathi Wealth Ltd. | 1.15% | 0.22% |
| Max Financial Services Ltd. | 0.24% | 0.22% |
| HDFC Life Insurance Company Ltd. | 0.23% | 0.22% |
| Delhivery Ltd. | 0.21% | 0.28% |
| Lodha Developers Ltd. | 0.33% | 0.21% |
| Fortis Healthcare Ltd. | 0.21% | 0.25% |
| TD Power Systems Ltd. | 1.18% | 0.20% |
| Aditya Birla Capital Ltd. | 0.54% | 0.20% |
| Indian Oil Corporation Ltd. | 0.21% | 0.20% |
| Sai Life Sciences Ltd. | 0.19% | 0.24% |
| National Aluminium Company Ltd. | 0.39% | 0.19% |
| Aurobindo Pharma Ltd. | 0.18% | 0.28% |
| Bharat Heavy Electricals Ltd. | 0.18% | 0.37% |
| Poonawalla Fincorp Ltd. | 0.90% | 0.18% |
| Pidilite Industries Ltd. | 0.82% | 0.18% |
| HDFC Asset Management Co. Ltd. | 0.53% | 0.18% |
| Sundaram Finance Ltd. | 0.48% | 0.18% |
| DLF Ltd. | 0.67% | 0.17% |
| 360 ONE WAM Ltd. | 0.58% | 0.17% |
| Adani Green Energy Ltd. | 0.28% | 0.17% |
| KEI Industries Ltd. | 0.21% | 0.17% |
| UPL Ltd. | 0.16% | 0.19% |
| Steel Authority of India Ltd. | 0.55% | 0.16% |
| Lloyds Metals And Energy Ltd. | 0.49% | 0.16% |
| Havells India Ltd. | 0.46% | 0.16% |
| Bharti Airtel Ltd. | 0.15% | 2.07% |
| Hitachi Energy India Ltd. | 0.86% | 0.15% |
| Cholamandalam Financial Holdings Ltd. | 0.51% | 0.15% |
| PTC Industries Ltd. | 0.38% | 0.15% |
| Punjab National Bank | 0.16% | 0.15% |
| Tata Technologies Ltd. | 0.59% | 0.14% |
| Jindal Stainless Ltd. | 0.43% | 0.14% |
| Page Industries Ltd. | 0.20% | 0.14% |
| Bharat Petroleum Corporation Ltd. | 0.14% | 0.24% |
| Dabur India Ltd. | 0.13% | 0.14% |
| Timken India Ltd. | 0.26% | 0.13% |
| Petronet LNG Ltd. | 0.19% | 0.13% |
| UNO Minda Ltd. | 0.13% | 0.13% |
| Syrma SGS Technology Ltd. | 0.12% | 0.16% |
| Eicher Motors Ltd. | 0.12% | 0.38% |
| Indraprastha Gas Ltd. | 1.05% | 0.12% |
| ZF Commercial Vehicle Control Systems India Ltd. | 1.01% | 0.12% |
| Blue Star Ltd. | 0.47% | 0.12% |
| The Ramco Cements Ltd. | 0.47% | 0.12% |
| Kaynes Technology India Ltd. | 0.31% | 0.12% |
| Tata Communications Ltd. | 0.27% | 0.12% |
| Deepak Nitrite Ltd. | 0.19% | 0.12% |
| Hyundai Motor India Ltd. | 0.92% | 0.11% |
| Aster DM Quality Care Ltd. | 0.78% | 0.11% |
| Gujarat Fluorochemicals Ltd. | 0.74% | 0.11% |
| AFFLE 3I Ltd. | 0.56% | 0.11% |
| AWL Agri Business Ltd. | 0.41% | 0.11% |
| Castrol India Ltd. | 0.40% | 0.11% |
| PI Industries Ltd. | 0.27% | 0.11% |
| Capri Global Capital Ltd. | 0.26% | 0.11% |
| Siemens Energy India Ltd. | 0.24% | 0.11% |
| Jubilant Foodworks Ltd. | 0.24% | 0.11% |
| Kajaria Ceramics Ltd. | 0.21% | 0.11% |
| Sagility Ltd. | 0.17% | 0.11% |
| Prestige Estates Projects Ltd. | 0.11% | 0.15% |
| Balkrishna Industries Ltd. | 0.88% | 0.10% |
| PVR Inox Ltd. | 0.85% | 0.10% |
| Motherson Sumi Wiring India Ltd. | 0.85% | 0.10% |
| Ola Electric Mobility Ltd. | 0.71% | 0.10% |
| Engineers India Ltd. | 0.59% | 0.10% |
| HBL Engineering Ltd. | 0.38% | 0.10% |
| Jyoti CNC Automation Ltd. | 0.26% | 0.10% |
| Schaeffler India Ltd. | 0.13% | 0.10% |
| LIC Housing Finance Ltd. | 0.11% | 0.10% |
| BEML Ltd. | 1.34% | 0.09% |
| Premier Energies Ltd | 1.18% | 0.08% |
| IRB Infrastructure Developers Ltd. | 0.96% | 0.08% |
| Aditya Birla Sun Life Amc Ltd. | 0.79% | 0.08% |
| Syngene International Ltd. | 0.47% | 0.08% |
| Emami Ltd. | 0.42% | 0.08% |
| Narayana Hrudayalaya Ltd. | 0.31% | 0.08% |
| Ramkrishna Forgings Ltd. | 0.20% | 0.08% |
| Zen Technologies Ltd. | 0.15% | 0.08% |
| Honeywell Automation India Ltd. | 0.12% | 0.08% |
| Sun TV Network Ltd. | 1.26% | 0.07% |
| Mahanagar Gas Ltd. | 1.01% | 0.07% |
| Titagarh Rail Systems Ltd. | 0.67% | 0.07% |
| Honasa Consumer Ltd. | 0.61% | 0.07% |
| Triveni Turbine Ltd. | 0.57% | 0.07% |
| TBO Tek Ltd. | 0.51% | 0.07% |
| Can Fin Homes Ltd. | 0.38% | 0.07% |
| Bharti Hexacom Ltd. | 0.12% | 0.07% |
| CIE Automotive India Ltd. | 1.95% | 0.06% |
| Endurance Technologies Ltd. | 0.69% | 0.06% |
| NLC India Ltd. | 0.46% | 0.06% |
| Tenneco Clean Air India Ltd. | 0.41% | 0.06% |
| Minda Corporation Ltd. | 0.31% | 0.06% |
| Jubilant Ingrevia Ltd. | 0.29% | 0.06% |
| LT Foods Ltd. | 0.29% | 0.06% |
| KEC International Ltd. | 0.26% | 0.06% |
| Sumitomo Chemical India Ltd. | 0.22% | 0.06% |
| Intellect Design Arena Ltd. | 0.17% | 0.06% |
| NTPC Green Energy Ltd. | 0.83% | 0.05% |
| Elecon Engineering Company Ltd. | 0.58% | 0.05% |
| KSB Ltd. | 0.41% | 0.05% |
| Aadhar Housing Finance Ltd. | 0.38% | 0.05% |
| Concord Biotech Ltd. | 0.37% | 0.05% |
| Indian Renewable Energy Development Agency Ltd. | 0.33% | 0.05% |
| NMDC Steel Ltd. | 0.28% | 0.05% |
| Anupam Rasayan India Ltd. | 0.18% | 0.04% |
| Nuvoco Vistas Corporation Ltd. | 0.17% | 0.04% |
| Indian Overseas Bank | 0.35% | 0.03% |
| UCO Bank | 0.14% | 0.03% |
| Trident Ltd. | 0.13% | 0.03% |
| Afcons Infrastructure Ltd. | 0.01% | 0.04% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 24.3% means 24.3% 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 AlphaGrep Flexi Cap Fund
| Security | % of fund |
|---|---|
| DSP Mutual Fund - DSP Gold ETF | 3.81% |
| 91 DAY T-BILL 24.12.26 | 1.78% |
| Niva Bupa Health Insurance Company Ltd. | 1.41% |
| Century Plyboards (India) Ltd. | 1.13% |
| Sterlite Technologies Ltd. | 0.89% |
Largest holdings only in HDFC Nifty500 Multicap 50:25:25 Index Fund
| Security | % of fund |
|---|---|
| HDFC Bank Ltd. | 4.20% |
| ICICI Bank Ltd. | 3.67% |
| Reliance Industries Ltd. | 3.07% |
| State Bank of India | 1.53% |
| Infosys Limited | 1.36% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | AlphaGrep Flexi Cap | HDFC Nifty500 Multicap 50:25:25 Index |
|---|---|---|
| Equity | 81.5% | 98.9% |
| Debt | 1.8% | 0.0% |
| Cash and others | 16.8% | 1.1% |
Market cap of stocks
| Market cap | AlphaGrep Flexi Cap | HDFC Nifty500 Multicap 50:25:25 Index |
|---|---|---|
| Large Cap | 16.7% | 50.4% |
| Mid Cap | 21.7% | 24.3% |
| Small Cap | 41.8% | 24.0% |
| Not on AMFI's list | 1.2% | 0.2% |
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 | AlphaGrep Flexi Cap | HDFC Nifty500 Multicap 50:25:25 Index |
|---|---|---|
| Banks | 3.3% | 16.0% |
| Auto Components | 7.6% | 3.7% |
| Finance | 4.2% | 6.7% |
| Pharmaceuticals & Biotechnology | 6.1% | 6.4% |
| Electrical Equipment | 5.8% | 2.9% |
| IT - Software | 0.2% | 4.9% |
| Consumer Durables | 4.8% | 2.9% |
| Automobiles | 2.9% | 4.1% |
| Petroleum Products | 0.8% | 3.9% |
| Industrial Products | 3.5% | 3.3% |
The six largest sectors of each fund's stocks, % of the fund.
AlphaGrep Flexi Cap vs HDFC Nifty500 Multicap 50:25:25 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | AlphaGrep Flexi Cap Fund | HDFC Nifty500 Multicap 50:25:25 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 2.80% | 0.35% |
| Base expense ratio (Direct) | 0.50% | 0.23% |
| Total expense ratio (Regular) | 4.66% | 0.82% |
| Base expense ratio (Regular) | 2.08% | 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.
More comparisons
Each fund against the others of its category
AlphaGrep Flexi Cap Fund vs HDFC Nifty500 Multicap 50:25:25 Index Fund: Frequently Asked Questions
What is the difference between AlphaGrep Flexi Cap Fund and HDFC Nifty500 Multicap 50:25:25 Index Fund?
AlphaGrep Flexi Cap Fund is a Flexi Cap fund, HDFC Nifty500 Multicap 50:25:25 Index Fund is an Index fund, run by AlphaGrep Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 24.3%. AlphaGrep Flexi Cap Fund charges 2.80% a year and HDFC Nifty500 Multicap 50:25:25 Index Fund 0.35%.
Which has the lower expense ratio, AlphaGrep Flexi Cap Fund or HDFC Nifty500 Multicap 50:25:25 Index Fund?
HDFC Nifty500 Multicap 50:25:25 Index Fund charges less: 0.35% a year against 2.80%. These are the Direct plans' total expense ratios reported to AMFI.
How much do AlphaGrep Flexi Cap Fund and HDFC Nifty500 Multicap 50:25:25 Index Fund overlap?
24.3%. They hold 143 of the same securities, the largest shared ones being LT, M&M, SUNPHARMA. From each fund's latest monthly portfolio.
Which is riskier, AlphaGrep Flexi Cap Fund or HDFC Nifty500 Multicap 50:25:25 Index Fund?
On SEBI's riskometer, AlphaGrep Flexi Cap Fund is rated Very High and HDFC Nifty500 Multicap 50:25:25 Index Fund Very High. Over their common history, the standard deviation of daily returns was 11.03% and 14.74% a year.
Can I invest in both AlphaGrep Flexi Cap Fund and HDFC Nifty500 Multicap 50:25:25 Index Fund?
Yes. 24.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages AlphaGrep Flexi Cap Fund and HDFC Nifty500 Multicap 50:25:25 Index Fund?
AlphaGrep Flexi Cap Fund: Ravneet Singh. HDFC Nifty500 Multicap 50:25:25 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.