Axis Nifty 100 Index Fund vs HDFC Dividend Yield Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Nifty 100 Index Fund is an Index fund and HDFC Dividend Yield Fund is a Dividend Yield fund. In the 3 years to 30-10-2026, Axis Nifty 100 Index Fund (Direct) returned 8.8% a year and HDFC Dividend Yield Fund (Direct) returned 10.7% a year. Axis Nifty 100 Index Fund charges 0.26% a year and HDFC Dividend Yield Fund 0.88% (Direct plans). Their portfolios overlap 50.3%: they hold 46 of the same securities.
Axis Nifty 100 Index Fund
Index
- 3 year return
- 8.8%
- Expense ratio
- 0.26%
- NAV
- ₹21.51
HDFC Dividend Yield Fund
Dividend Yield
- 3 year return
- 10.7%
- Expense ratio
- 0.88%
- NAV
- ₹25.55
Which is better, Axis Nifty 100 Index or HDFC Dividend Yield? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HDFC Dividend Yield returned more over 5 years: 12.4% a year against 7.0%.
- HDFC Dividend Yield returned more over 3 years: 10.7% a year against 8.8%.
- Axis Nifty 100 Index costs less: 0.26% a year against 0.88% (Direct plans).
- Axis Nifty 100 Index swung less over 3 years: a standard deviation of 13.6% a year against 14.0%.
- Axis Nifty 100 Index fell less in its worst fall since 18-12-2020: −17.3% against −20.0%.
- Axis Nifty 100 Index holds more in large companies: 98.0% of the fund in large caps against 62.6%.
- HDFC Dividend Yield is the larger fund: ₹5,274 Cr against ₹1,989 Cr.
- Their portfolios overlap 50.3%: 46 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 Nifty 100 Index Fund | HDFC Dividend Yield Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | HDFC Mutual Fund |
| Category | Index | Dividend Yield |
| AUM | ₹1,989 Cr (30-09-2026) | ₹5,274 Cr (30-09-2026) |
| NAV | ₹21.51 (Direct) | ₹25.55 (Direct) |
| Expense ratio (Direct) | 0.26% | 0.88% |
| Expense ratio (Regular) | 0.97% | 1.92% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 100 TRI | Nifty 500 TRI |
| Launch date | 18-10-2019 | 18-12-2020 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Nandik Malik, Rohit Gautam | Gopal Agarwal, Gopal Agrawal, Bhagyesh Kagalkar |
| Exit load | Nil | • Exit load of 1.00% is payable if Units are redeemed / switched-out within 1 year from the date of allotment of units. • No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment. |
Axis Nifty 100 Index vs HDFC Dividend Yield: 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 Nifty 100 Index Fund (Direct) | +1.02% | −5.36% | −3.09% | −8.92% | +8.79% | +6.97% | -- |
| HDFC Dividend Yield Fund (Direct) | −1.10% | −5.04% | −2.02% | −6.99% | +10.67% | +12.37% | -- |
| Dividend Yield average | −1.57% | −5.69% | −3.24% | −5.57% | +12.14% | +12.06% | -- |
Category average: the average of the 12 Dividend Yield funds, same plan type.
Axis Nifty 100 Index vs HDFC Dividend Yield: Year-wise Returns
| Year | Axis Nifty 100 IndexAxis Nifty 100 Index | HDFC Dividend YieldHDFC Dividend Yield |
|---|---|---|
| 2026to date | −9.51% | −5.77% |
| 2025 | +10.02% | +4.43% |
| 2024 | +12.57% | +17.62% |
| 2023 | +20.95% | +39.88% |
| 2022 | +4.79% | +8.58% |
| 2021 | +25.90% | +44.24% |
Axis Nifty 100 Index vs HDFC Dividend Yield: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of Axis Nifty 100 Index Fund
Rolling returns
Every 3-year holding period, 714 of them, one for each trading day from 18-12-2023 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 Nifty 100 Index Fund (Direct)
HDFC Dividend Yield Fund (Direct)
Nifty 100 TRI
to
Mar 2024Sept 2021
to
Sept 2024Mar 2022
to
Mar 2025Aug 2022
to
Aug 2025Feb 2023
to
Feb 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis Nifty 100 Index | 0.0 | 0.0 | 9.0 | 53.6 | 37.4 | 0.0 | 0.0 | 13.8% | 13.9% | 6.8% | 19.3% | 0% |
| HDFC Dividend Yield | 0.0 | 0.0 | 2.1 | 10.5 | 32.9 | 24.9 | 29.6 | 21.3% | 20.5% | 9.3% | 31.9% | 100% |
| Nifty 100 TRI | 0.0 | 0.0 | 6.7 | 52.8 | 40.5 | 0.0 | 0.0 | 14.1% | 14.2% | 7.1% | 19.6% | -- |
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 18-12-2020. Past returns do not promise future returns.
Axis Nifty 100 Index vs HDFC Dividend Yield: 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 01-12-2020 to 30-10-2026: 71 instalments, ₹7,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis Nifty 100 IndexAxis Nifty 100 Index Fund (Direct) | ₹7,10,000 | ₹8,73,087 | ₹1,63,087 | 6.9% |
| HDFC Dividend YieldHDFC Dividend Yield Fund (Direct) | ₹7,10,000 | ₹10,03,681 | ₹2,93,681 | 11.6% |
Axis Nifty 100 IndexAxis Nifty 100 Index Fund (Direct)
HDFC Dividend YieldHDFC Dividend Yield 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.
Axis Nifty 100 Index vs HDFC Dividend Yield: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Nifty 100 Index Fund (Direct) | HDFC Dividend Yield Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.92% | −6.99% |
| Standard deviation | 13.88% | 13.25% |
| Sharpe ratio | -1.02 | -0.92 |
| Sortino ratio | -1.36 | -1.22 |
| Maximum drawdown | −14.9% (31-03-2026) | −14.1% (30-03-2026) |
| Beta | 1.00 | 0.91 |
| Alpha | −0.24% | −0.77% |
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 Nifty 100 Index Fund (Direct) | HDFC Dividend Yield Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.79% | +10.67% |
| Standard deviation | 13.63% | 14.05% |
| Sharpe ratio | 0.20 | 0.33 |
| Sortino ratio | 0.28 | 0.44 |
| Maximum drawdown | −17.3% (28-02-2025) | −20.0% (03-03-2025) |
| Beta | 1.00 | 0.97 |
| Alpha | −0.29% | +0.59% |
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 Nifty 100 Index Fund (Direct) | HDFC Dividend Yield Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.97% | +12.37% |
| Standard deviation | 13.91% | 13.90% |
| Sharpe ratio | 0.08 | 0.47 |
| Sortino ratio | 0.12 | 0.64 |
| Maximum drawdown | −17.3% (28-02-2025) | −20.0% (03-03-2025) |
| Beta | 1.00 | 0.95 |
| Alpha | −0.24% | +3.72% |
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 | Axis Nifty 100 Index Fund (Direct) | HDFC Dividend Yield Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.58% | +17.34% |
| Standard deviation | 17.02% | 13.73% |
| Sharpe ratio | 0.38 | 0.87 |
| Sortino ratio | 0.51 | 1.18 |
| Maximum drawdown | −37.0% (23-03-2020) | −20.0% (03-03-2025) |
| Beta | 0.99 | 0.91 |
| Alpha | −0.21% | +5.00% |
From daily NAVs, 23-10-2019 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 Nifty 100 Index Fund (Direct)
HDFC Dividend Yield Fund (Direct)
Nifty 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Nifty 100 Index Fund (Direct) | −17.3% | 26-09-2024 | 28-02-2025 | Not yet | -- | −10.4% |
| HDFC Dividend Yield Fund (Direct) | −20.0% | 27-09-2024 | 03-03-2025 | Not yet | -- | −10.2% |
| Nifty 100 TRI | −17.2% | 26-09-2024 | 28-02-2025 | 02-01-2026 | 10 months | −10.1% |
From daily values since 18-12-2020, 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 Nifty 100 Index Fund (Direct)
HDFC Dividend Yield Fund (Direct)
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 Nifty 100 Index Fund (Direct)
HDFC Dividend Yield Fund (Direct)
Nifty 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.
Axis Nifty 100 Index Fund (Direct)
HDFC Dividend Yield Fund (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis Nifty 100 Index Fund (Direct) | 99% | 100% | 0.10% |
| HDFC Dividend Yield Fund (Direct) | 112% | 81% | 4.84% |
From month-end values since 18-12-2020. 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 Nifty 100 Index vs HDFC Dividend Yield: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Nifty 100 Index Fund, September 2026; HDFC Dividend Yield Fund, September 2026
Holdings in common
- Overlap
- 50.3%
- Held by both
- 46
- Only in Axis Nifty 100 Index
- 54
- Only in HDFC Dividend Yield
- 83
| Security | % of Axis Nifty 100 Index | % of HDFC Dividend Yield |
|---|---|---|
| ICICI Bank Limited | 7.34% | 5.38% |
| HDFC Bank Limited | 8.42% | 4.97% |
| Axis Bank Limited | 2.73% | 3.72% |
| Larsen & Toubro Limited | 3.41% | 2.64% |
| Bharti Airtel Limited | 4.14% | 2.62% |
| Kotak Mahindra Bank Limited | 2.38% | 2.45% |
| Reliance Industries Limited | 6.15% | 2.25% |
| State Bank of India | 3.07% | 2.00% |
| Sun Pharmaceutical Industries Limited | 1.49% | 2.14% |
| Infosys Limited | 2.72% | 1.42% |
| Tata Consultancy Services Limited | 1.62% | 1.29% |
| Maruti Suzuki India Limited | 1.21% | 2.20% |
| NTPC Limited | 1.19% | 1.71% |
| Tata Steel Limited | 1.18% | 1.40% |
| ITC Limited | 1.96% | 1.07% |
| Hindustan Unilever Limited | 1.29% | 1.02% |
| HCL Technologies Limited | 1.00% | 1.68% |
| Bajaj Auto Limited | 0.92% | 1.96% |
| Coal India Limited | 0.79% | 1.17% |
| Eicher Motors Limited | 0.76% | 1.57% |
| Tech Mahindra Limited | 0.75% | 2.24% |
| Nestle India Limited | 0.73% | 0.79% |
| Divi's Laboratories Limited | 0.91% | 0.70% |
| Hindustan Aeronautics Limited | 0.69% | 0.75% |
| Oil & Natural Gas Corporation Limited | 0.68% | 0.94% |
| Apollo Hospitals Enterprise Limited | 0.65% | 0.93% |
| Bharat Electronics Limited | 1.08% | 0.63% |
| SBI Life Insurance Company Limited | 0.59% | 1.93% |
| Cipla Limited | 0.59% | 1.11% |
| Tata Motors Ltd | 0.68% | 0.56% |
| Cummins India Limited | 0.50% | 0.72% |
| Bajaj Finserv Limited | 0.78% | 0.49% |
| InterGlobe Aviation Limited | 0.87% | 0.45% |
| Asian Paints Limited | 0.84% | 0.43% |
| HDFC Life Insurance Company Limited | 0.43% | 0.58% |
| Mahindra & Mahindra Limited | 2.04% | 0.39% |
| Power Finance Corporation Limited | 0.37% | 0.68% |
| GAIL (India) Limited | 0.36% | 0.65% |
| Tata Motors Passenger Vehicles Limited | 0.46% | 0.32% |
| Bosch Limited | 0.32% | 0.71% |
| Canara Bank | 0.31% | 0.45% |
| Siemens Limited | 0.26% | 0.71% |
| Godrej Consumer Products Limited | 0.26% | 0.48% |
| Siemens Energy India Limited | 0.22% | 0.61% |
| Ambuja Cements Limited | 0.18% | 0.92% |
| Jio Financial Services Limited | 0.55% | 0.12% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 50.3% means 50.3% 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 Axis Nifty 100 Index Fund
| Security | % of fund |
|---|---|
| Bajaj Finance Limited | 2.03% |
| Eternal Limited | 1.80% |
| Titan Company Limited | 1.47% |
| Adani Ports and Special Economic Zone Limited | 1.09% |
| Shriram Finance Limited | 1.07% |
Largest holdings only in HDFC Dividend Yield Fund
| Security | % of fund |
|---|---|
| STERLITE TECHNOLOGIES LIMITED | 1.81% |
| INFO EDGE (INDIA) LIMITED | 1.67% |
| Indusind Bank Ltd. | 1.45% |
| Aster DM Quality Care Limited | 1.23% |
| Balrampur Chini Mills Ltd. | 0.98% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Nifty 100 Index | HDFC Dividend Yield |
|---|---|---|
| Equity | 100.0% | 98.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.0% | 1.1% |
Market cap of stocks
| Market cap | Axis Nifty 100 Index | HDFC Dividend Yield |
|---|---|---|
| Large Cap | 98.0% | 62.6% |
| Mid Cap | 2.0% | 12.3% |
| Small Cap | 0.0% | 23.2% |
| Not on AMFI's list | 0.0% | 0.8% |
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 Nifty 100 Index | HDFC Dividend Yield |
|---|---|---|
| Banks | 25.1% | 21.0% |
| Petroleum Products | 7.0% | 3.4% |
| IT - Software | 6.7% | 6.8% |
| Automobiles | 6.4% | 6.6% |
| Pharmaceuticals & Biotechnology | 4.3% | 6.6% |
| Finance | 6.2% | 4.5% |
| Telecom - Services | 4.4% | 4.2% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Nifty 100 Index vs HDFC Dividend Yield: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Nifty 100 Index Fund | HDFC Dividend Yield Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.26% | 0.88% |
| Base expense ratio (Direct) | 0.18% | 0.72% |
| Total expense ratio (Regular) | 0.97% | 1.92% |
| Base expense ratio (Regular) | 0.79% | 1.60% |
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 Nifty 100 Index Fund vs HDFC Dividend Yield Fund: Frequently Asked Questions
What is the difference between Axis Nifty 100 Index Fund and HDFC Dividend Yield Fund?
Axis Nifty 100 Index Fund is an Index fund, HDFC Dividend Yield Fund is a Dividend Yield fund, run by Axis Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 50.3%. Axis Nifty 100 Index Fund charges 0.26% a year and HDFC Dividend Yield Fund 0.88%.
Which has given higher returns, Axis Nifty 100 Index Fund or HDFC Dividend Yield Fund?
Over 1 year: Axis Nifty 100 Index Fund −8.92%, HDFC Dividend Yield Fund −6.99%. Over 3 years: Axis Nifty 100 Index Fund +8.79% a year, HDFC Dividend Yield Fund +10.67% a year. Over 5 years: Axis Nifty 100 Index Fund +6.97% a year, HDFC Dividend Yield Fund +12.37% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Nifty 100 Index Fund or HDFC Dividend Yield Fund?
Axis Nifty 100 Index Fund charges less: 0.26% a year against 0.88%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Nifty 100 Index Fund and HDFC Dividend Yield Fund overlap?
50.3%. They hold 46 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, AXISBANK. From each fund's latest monthly portfolio.
Which is riskier, Axis Nifty 100 Index Fund or HDFC Dividend Yield Fund?
On SEBI's riskometer, Axis Nifty 100 Index Fund is rated Very High and HDFC Dividend Yield Fund Very High. Over 3 years, the standard deviation of daily returns was 13.63% and 14.05% a year.
Which is better for SIP, Axis Nifty 100 Index Fund or HDFC Dividend Yield Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,06,250 in Axis Nifty 100 Index Fund (XIRR 5.7% a year) and ₹7,77,509 in HDFC Dividend Yield Fund (XIRR 9.5% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Axis Nifty 100 Index Fund and HDFC Dividend Yield Fund?
Yes. 50.3% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Axis Nifty 100 Index Fund and HDFC Dividend Yield Fund?
Axis Nifty 100 Index Fund: Nandik Malik, Rohit Gautam. HDFC Dividend Yield Fund: Gopal Agarwal, Gopal Agrawal, Bhagyesh Kagalkar.
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.