Axis Equity Savings Fund vs HDFC NIFTY 100 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Axis Equity Savings Fund is an Equity Savings fund and HDFC NIFTY 100 ETF is an ETF fund. In the 3 years to 30-10-2026, Axis Equity Savings Fund (Direct) returned 9.4% a year and HDFC NIFTY 100 ETF returned 8.7% a year. Axis Equity Savings Fund charges 1.56% a year and HDFC NIFTY 100 ETF 0.31%. Their portfolios overlap 43.9%: they hold 48 of the same securities.
Axis Equity Savings Fund
Equity Savings
- 3 year return
- 9.4%
- Expense ratio
- 1.56%
- NAV
- ₹26.35
Which is better, Axis Equity Savings or HDFC NIFTY 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.
- Axis Equity Savings returned more over 3 years: 9.4% a year against 8.7%.
- Axis Equity Savings returned more over 1 year: 2.7% against −9.0%.
- HDFC NIFTY 100 ETF costs less: 0.31% a year against 1.56%.
- Axis Equity Savings swung less over 3 years: a standard deviation of 5.2% a year against 13.7%.
- Axis Equity Savings fell less in its worst fall since 05-08-2022: −5.2% against −17.3%.
- HDFC NIFTY 100 ETF holds more in large companies: 98.0% of the fund in large caps against 52.4%.
- Axis Equity Savings is the larger fund: ₹855 Cr against ₹41 Cr.
- Their portfolios overlap 43.9%: 48 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 | Axis Equity Savings Fund | HDFC NIFTY 100 ETF |
|---|---|---|
| Fund house | Axis Mutual Fund | HDFC Mutual Fund |
| Category | Equity Savings | ETF |
| AUM | ₹855 Cr (30-09-2026) | ₹41 Cr (30-09-2026) |
| NAV | ₹26.35 (Direct) | ₹24.81 |
| Expense ratio (Direct) | 1.56% | Not available |
| Expense ratio (Regular) | 2.70% | Not available |
| Riskometer | Moderately High | Very High |
| Benchmark | Nifty Equity Savings Index | Nifty 100 TRI |
| Launch date | 14-08-2015 | 05-08-2022 |
| Minimum investment | ₹500 | On an On-going Basis: A. On the Stock Exchange: All categories of investors may purchase the Units of the Scheme through the Stock Exchange(s) on which the units of the Scheme are listed, on any trading day in round lot of one (1) Unit and multiples there |
| Lock in | None | None |
| Fund managers | Mayank Hyanki, Devang Shah, Hardik Shah, Krishnaa N | Abhishek Mor, Arun Agarwal |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 months. | Not available |
Axis Equity Savings vs HDFC NIFTY 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 |
|---|---|---|---|---|---|---|---|
| Axis Equity Savings Fund (Direct) | +0.46% | −0.79% | +3.05% | +2.69% | +9.39% | +7.51% | +9.30% |
| HDFC NIFTY 100 ETF | +1.02% | −5.38% | −3.12% | −8.99% | +8.73% | -- | -- |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | +7.55% | +8.43% |
Category average: the average of the 23 Equity Savings funds, same plan type.
Axis Equity Savings vs HDFC NIFTY 100 ETF: Year-wise Returns
| Year | Axis Equity SavingsAxis Equity Savings | HDFC NIFTY 100 ETFHDFC NIFTY 100 ETF |
|---|---|---|
| 2026to date | +1.82% | −9.57% |
| 2025 | +6.68% | +9.91% |
| 2024 | +12.42% | +12.55% |
| 2023 | +16.08% | +20.87% |
| 2022 | +1.14% | -- |
| 2021 | +14.88% | -- |
Axis Equity Savings vs HDFC NIFTY 100 ETF: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of HDFC NIFTY 100 ETF
Rolling returns
Every 3-year holding period, 308 of them, one for each trading day from 05-08-2025 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.
Axis Equity Savings Fund (Direct)
HDFC NIFTY 100 ETF
Nifty 100 TRI
to
Sept 2025Nov 2022
to
Nov 2025Feb 2023
to
Feb 2026Apr 2023
to
Apr 2026Jul 2023
to
Jul 2026Sept 2023
to
Sept 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis Equity Savings | 0.0 | 0.0 | 17.5 | 82.5 | 0.0 | 0.0 | 0.0 | 10.8% | 10.9% | 8.6% | 12.0% | 13% |
| HDFC NIFTY 100 ETF | 0.0 | 0.0 | 18.4 | 73.7 | 7.9 | 0.0 | 0.0 | 12.2% | 12.9% | 6.7% | 16.0% | 0% |
| Nifty 100 TRI | 0.0 | 0.0 | 13.6 | 73.4 | 13.0 | 0.0 | 0.0 | 12.6% | 13.3% | 7.1% | 16.3% | -- |
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 05-08-2022. Past returns do not promise future returns.
Axis Equity Savings vs HDFC NIFTY 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 01-08-2022 to 30-10-2026: 51 instalments, ₹5,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis Equity SavingsAxis Equity Savings Fund (Direct) | ₹5,10,000 | ₹6,01,119 | ₹91,119 | 7.7% |
| HDFC NIFTY 100 ETFHDFC NIFTY 100 ETF | ₹5,10,000 | ₹5,61,269 | ₹51,269 | 4.5% |
Axis Equity SavingsAxis Equity Savings Fund (Direct)
HDFC NIFTY 100 ETFHDFC NIFTY 100 ETF
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.
Axis Equity Savings vs HDFC NIFTY 100 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Equity Savings Fund (Direct) | HDFC NIFTY 100 ETF |
|---|---|---|
| Return (CAGR) | +2.69% | −8.99% |
| Standard deviation | 5.02% | 14.04% |
| Sharpe ratio | -0.51 | -1.01 |
| Sortino ratio | -0.68 | -1.35 |
| Maximum drawdown | −4.7% (30-03-2026) | −15.0% (31-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.30% |
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 | Axis Equity Savings Fund (Direct) | HDFC NIFTY 100 ETF |
|---|---|---|
| Return (CAGR) | +9.39% | +8.73% |
| Standard deviation | 5.21% | 13.69% |
| Sharpe ratio | 0.65 | 0.20 |
| Sortino ratio | 0.88 | 0.27 |
| Maximum drawdown | −5.2% (28-02-2025) | −17.3% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.35% |
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 | Axis Equity Savings Fund (Direct) | HDFC NIFTY 100 ETF |
|---|---|---|
| Return (CAGR) | +9.02% | +8.29% |
| Standard deviation | 6.78% | 12.92% |
| Sharpe ratio | 0.51 | 0.17 |
| Sortino ratio | 0.69 | 0.23 |
| Maximum drawdown | −17.6% (23-03-2020) | −17.3% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.33% |
From daily NAVs, 20-08-2015 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.
Axis Equity Savings Fund (Direct)
HDFC NIFTY 100 ETF
Nifty 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Equity Savings Fund (Direct) | −5.2% | 26-09-2024 | 28-02-2025 | 15-05-2025 | 2 months | −1.8% |
| HDFC NIFTY 100 ETF | −17.3% | 26-09-2024 | 28-02-2025 | Not yet | -- | −10.6% |
| Nifty 100 TRI | −17.2% | 26-09-2024 | 28-02-2025 | 02-01-2026 | 10 months | −10.1% |
From daily values since 05-08-2022, 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.
Axis Equity Savings Fund (Direct)
HDFC NIFTY 100 ETF
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.
Axis Equity Savings Fund (Direct)
HDFC NIFTY 100 ETF
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis Equity Savings Fund (Direct) | 53% | 26% | 8.74% |
| HDFC NIFTY 100 ETF | 99% | 101% | 0.04% |
From month-end values since 05-08-2022. 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.
Axis Equity Savings vs HDFC NIFTY 100 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Equity Savings Fund, September 2026; HDFC NIFTY 100 ETF, September 2026
Holdings in common
- Overlap
- 43.9%
- Held by both
- 48
- Only in Axis Equity Savings
- 62
- Only in HDFC NIFTY 100 ETF
- 52
| Security | % of Axis Equity Savings | % of HDFC NIFTY 100 ETF |
|---|---|---|
| ICICI Bank Limited | 6.88% | 7.34% |
| Reliance Industries Limited | 6.41% | 6.15% |
| HDFC Bank Limited | 5.23% | 8.41% |
| Bharti Airtel Limited | 2.44% | 4.14% |
| Kotak Mahindra Bank Limited | 3.19% | 2.38% |
| Larsen & Toubro Limited | 1.88% | 3.41% |
| Mahindra & Mahindra Limited | 1.84% | 2.04% |
| Sun Pharmaceutical Industries Limited | 1.57% | 1.49% |
| Tata Steel Limited | 2.99% | 1.18% |
| Infosys Limited | 1.01% | 2.72% |
| Bajaj Finance Limited | 0.99% | 2.03% |
| State Bank of India | 0.83% | 3.07% |
| Titan Company Limited | 0.83% | 1.47% |
| Hindustan Aeronautics Limited | 1.98% | 0.69% |
| Apollo Hospitals Enterprise Limited | 0.77% | 0.65% |
| Eternal Limited | 0.65% | 1.80% |
| Divi's Laboratories Limited | 0.62% | 0.92% |
| SBI Life Insurance Company Limited | 1.32% | 0.59% |
| ITC Limited | 0.56% | 1.96% |
| UltraTech Cement Limited | 0.42% | 1.01% |
| Power Grid Corporation of India Limited | 0.39% | 0.91% |
| Tech Mahindra Limited | 0.38% | 0.75% |
| NTPC Limited | 0.37% | 1.19% |
| Torrent Pharmaceuticals Limited | 0.34% | 0.55% |
| Jindal Steel Limited | 0.99% | 0.33% |
| Bank of Baroda | 0.86% | 0.33% |
| DLF Limited | 0.77% | 0.33% |
| Adani Enterprises Limited | 0.31% | 0.76% |
| TVS Motor Company Limited | 0.31% | 0.75% |
| Punjab National Bank | 0.55% | 0.30% |
| Eicher Motors Limited | 0.30% | 0.76% |
| Vodafone Idea Limited | 0.45% | 0.28% |
| Cholamandalam Investment and Finance Company Ltd | 0.25% | 0.54% |
| Shriram Finance Limited | 0.24% | 1.07% |
| Grasim Industries Limited | 0.22% | 0.89% |
| Cummins India Limited | 0.21% | 0.50% |
| Tata Consultancy Services Limited | 0.20% | 1.62% |
| Hindalco Industries Limited | 0.19% | 1.06% |
| CG Power and Industrial Solutions Limited | 0.19% | 0.45% |
| Pidilite Industries Limited | 0.19% | 0.35% |
| Ambuja Cements Limited | 0.69% | 0.18% |
| Hindustan Unilever Limited | 0.17% | 1.29% |
| HDFC Asset Management Company Limited | 0.13% | 0.36% |
| Solar Industries India Limited | 0.13% | 0.37% |
| Cipla Limited | 0.10% | 0.59% |
| Bajaj Finserv Limited | 0.10% | 0.78% |
| Maruti Suzuki India Limited | 0.09% | 1.21% |
| Bharat Electronics Limited | 0.03% | 1.08% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 43.9% means 43.9% 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 Axis Equity Savings Fund
| Security | % of fund |
|---|---|
| 7.18% Government of India (14/08/2033) | 4.69% |
| Axis Money Market Fund - Direct Plan - Growth Option | 3.08% |
| Cholamandalam Investment and Finance Company Ltd (27/02/2029) (FRN) | 2.93% |
| 7.1% Government of India (08/04/2034) | 2.45% |
| Indus Infra Trust | 1.58% |
Largest holdings only in HDFC NIFTY 100 ETF
| Security | % of fund |
|---|---|
| Axis Bank Ltd. | 2.73% |
| Adani Ports & Special Economic Zone | 1.09% |
| HCL Technologies Ltd. | 1.00% |
| Bombay Stock Exchange Limited (BSE) | 0.98% |
| JSW Steel Ltd. | 0.93% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Equity Savings | HDFC NIFTY 100 ETF |
|---|---|---|
| Equity | 66.6% | 100.0% |
| Debt | 20.1% | 0.0% |
| Cash and others | 13.3% | 0.0% |
Market cap of stocks
| Market cap | Axis Equity Savings | HDFC NIFTY 100 ETF |
|---|---|---|
| Large Cap | 52.4% | 98.0% |
| Mid Cap | 5.5% | 2.0% |
| Small Cap | 8.0% | 0.0% |
| Not on AMFI's list | 0.7% | 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 | Axis Equity Savings | HDFC NIFTY 100 ETF |
|---|---|---|
| Banks | 20.7% | 25.1% |
| Petroleum Products | 6.4% | 7.0% |
| IT - Software | 2.3% | 6.7% |
| Automobiles | 2.5% | 6.4% |
| Finance | 2.0% | 6.2% |
| Pharmaceuticals & Biotechnology | 4.9% | 4.3% |
| Telecom - Services | 2.9% | 4.4% |
| Ferrous Metals | 4.0% | 2.4% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Equity Savings vs HDFC NIFTY 100 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Equity Savings Fund | HDFC NIFTY 100 ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.56% | Not available |
| Base expense ratio (Direct) | 0.99% | 0.00% |
| Total expense ratio (Regular) | 2.70% | Not available |
| Base expense ratio (Regular) | 1.95% | 0.25% |
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
Axis Equity Savings Fund vs HDFC NIFTY 100 ETF: Frequently Asked Questions
What is the difference between Axis Equity Savings Fund and HDFC NIFTY 100 ETF?
Axis Equity Savings Fund is an Equity Savings fund, HDFC NIFTY 100 ETF is an ETF fund, run by Axis Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 43.9%. Axis Equity Savings Fund charges 1.56% a year and HDFC NIFTY 100 ETF 0.31%.
Which has given higher returns, Axis Equity Savings Fund or HDFC NIFTY 100 ETF?
Over 1 year: Axis Equity Savings Fund +2.69%, HDFC NIFTY 100 ETF −8.99%. Over 3 years: Axis Equity Savings Fund +9.39% a year, HDFC NIFTY 100 ETF +8.73% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Equity Savings Fund or HDFC NIFTY 100 ETF?
HDFC NIFTY 100 ETF charges less: 0.31% a year against 1.56%. These are the total expense ratios reported to AMFI.
How much do Axis Equity Savings Fund and HDFC NIFTY 100 ETF overlap?
43.9%. They hold 48 of the same securities, the largest shared ones being ICICIBANK, RELIANCE, HDFCBANK. From each fund's latest monthly portfolio.
Which is riskier, Axis Equity Savings Fund or HDFC NIFTY 100 ETF?
On SEBI's riskometer, Axis Equity Savings Fund is rated Moderately High and HDFC NIFTY 100 ETF Very High. Over 3 years, the standard deviation of daily returns was 5.21% and 13.69% a year.
Which is better for SIP, Axis Equity Savings Fund or HDFC NIFTY 100 ETF?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,05,183 in Axis Equity Savings Fund (XIRR 5.8% a year) and ₹3,71,409 in HDFC NIFTY 100 ETF (XIRR 0.2% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Axis Equity Savings Fund and HDFC NIFTY 100 ETF?
Yes. 43.9% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Axis Equity Savings Fund and HDFC NIFTY 100 ETF?
Axis Equity Savings Fund: Mayank Hyanki, Devang Shah, Hardik Shah, Krishnaa N. HDFC NIFTY 100 ETF: Abhishek Mor, 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.