Bajaj Finserv Equity Savings Fund vs HDFC NIFTY 100 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bajaj Finserv Equity Savings Fund is an Equity Savings fund and HDFC NIFTY 100 Index Fund is an Index fund. In the year to 30-10-2026, Bajaj Finserv Equity Savings Fund (Direct) returned 3.8% and HDFC NIFTY 100 Index Fund (Direct) returned −9.0%. Bajaj Finserv Equity Savings Fund charges 1.05% a year and HDFC NIFTY 100 Index Fund 0.36% (Direct plans). Their portfolios overlap 32.2%: they hold 31 of the same securities.
Bajaj Finserv Equity Savings Fund
Equity Savings
- 1 year return
- 3.8%
- Expense ratio
- 1.05%
- NAV
- ₹10.49
HDFC NIFTY 100 Index Fund
Index
- 1 year return
- −9.0%
- Expense ratio
- 0.36%
- NAV
- ₹14.33
Which is better, Bajaj Finserv Equity Savings 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.
- Bajaj Finserv Equity Savings returned more over 1 year: 3.8% against −9.0%.
- HDFC NIFTY 100 Index costs less: 0.36% a year against 1.05% (Direct plans).
- Bajaj Finserv Equity Savings fell less in its worst fall since 21-08-2025: −1.6% against −15.0%.
- HDFC NIFTY 100 Index holds more in large companies: 98.0% of the fund in large caps against 50.3%.
- HDFC NIFTY 100 Index is the larger fund: ₹457 Cr against ₹40 Cr.
- Their portfolios overlap 32.2%: 31 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 | Bajaj Finserv Equity Savings Fund | HDFC NIFTY 100 Index Fund |
|---|---|---|
| Fund house | Bajaj Finserv Mutual Fund | HDFC Mutual Fund |
| Category | Equity Savings | Index |
| AUM | ₹40 Cr (30-09-2026) | ₹457 Cr (30-09-2026) |
| NAV | ₹10.49 (Direct) | ₹14.33 (Direct) |
| Expense ratio (Direct) | 1.05% | 0.36% |
| Expense ratio (Regular) | 2.23% | 0.81% |
| Riskometer | Moderate | Very High |
| Benchmark | Nifty Equity Savings TRI | Nifty 100 TRI |
| Launch date | 19-08-2025 | 23-02-2022 |
| Minimum investment | ₹500 | ₹100 |
| Lock in | None | None |
| Fund managers | Sorbh Gupta, Ilesh Savla, Siddharth Chaudhary | Nandita Menezes, Arun Agarwal |
| Exit load | Exit load of 0.25%, if redeemed within 7 days. | NIL |
Bajaj Finserv Equity Savings 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 |
|---|---|---|---|---|---|---|---|
| Bajaj Finserv Equity Savings Fund (Direct) | −0.35% | +0.06% | +0.90% | +3.77% | -- | -- | -- |
| HDFC NIFTY 100 Index Fund (Direct) | +1.01% | −5.39% | −3.12% | −9.00% | +8.65% | -- | -- |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | -- | -- | -- |
Category average: the average of the 23 Equity Savings funds, same plan type.
Bajaj Finserv Equity Savings vs HDFC NIFTY 100 Index: Year-wise Returns
| Year | Bajaj Finserv Equity SavingsBajaj Finserv Equity Savings | HDFC NIFTY 100 IndexHDFC NIFTY 100 Index |
|---|---|---|
| 2026to date | +2.68% | −9.57% |
| 2025 | -- | +9.87% |
| 2024 | -- | +12.39% |
| 2023 | -- | +20.80% |
Bajaj Finserv Equity Savings 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
Rolling returns
Every 1-year holding period, 46 of them, one for each trading day from 21-08-2026 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.
Bajaj Finserv Equity Savings Fund (Direct)
HDFC NIFTY 100 Index Fund (Direct)
Nifty 100 TRI
to
Aug 2026Sept 2025
to
Sept 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bajaj Finserv Equity Savings | 0.0 | 52.2 | 47.8 | 0.0 | 0.0 | 0.0 | 0.0 | 4.8% | 5.0% | 3.3% | 5.6% | 100% |
| HDFC NIFTY 100 Index | 82.6 | 17.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −4.8% | −5.3% | −10.8% | 1.8% | 0% |
| Nifty 100 TRI | 82.6 | 17.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −4.5% | −5.0% | −10.5% | 2.1% | -- |
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 21-08-2025. Past returns do not promise future returns.
Bajaj Finserv Equity Savings vs HDFC NIFTY 100 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 21-08-2025 to 30-10-2026: 15 instalments, ₹1,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bajaj Finserv Equity SavingsBajaj Finserv Equity Savings Fund (Direct) | ₹1,50,000 | ₹1,53,141 | ₹3,141 | 3.2% |
| HDFC NIFTY 100 IndexHDFC NIFTY 100 Index Fund (Direct) | ₹1,50,000 | ₹1,43,130 | −₹6,870 | −6.9% |
Bajaj Finserv Equity SavingsBajaj Finserv Equity Savings Fund (Direct)
HDFC NIFTY 100 IndexHDFC NIFTY 100 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.
Bajaj Finserv Equity Savings 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 | Bajaj Finserv Equity Savings Fund (Direct) | HDFC NIFTY 100 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.77% | −9.00% |
| Standard deviation | 2.63% | 13.87% |
| Sharpe ratio | -0.56 | -1.03 |
| Sortino ratio | -0.74 | -1.37 |
| Maximum drawdown | −1.6% (23-10-2026) | −15.0% (31-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.33% |
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 | Bajaj Finserv Equity Savings Fund (Direct) | HDFC NIFTY 100 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.93% | +8.00% |
| Standard deviation | 2.43% | 13.63% |
| Sharpe ratio | -0.56 | 0.15 |
| Sortino ratio | -0.74 | 0.21 |
| Maximum drawdown | −1.6% (23-10-2026) | −17.3% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.44% |
From daily NAVs, 21-08-2025 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.
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.
Bajaj Finserv Equity Savings Fund (Direct)
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 |
|---|---|---|---|---|---|---|
| Bajaj Finserv Equity Savings Fund (Direct) | −1.6% | 05-08-2026 | 23-10-2026 | Not yet | -- | −1.1% |
| HDFC NIFTY 100 Index Fund (Direct) | −15.0% | 02-01-2026 | 31-03-2026 | Not yet | -- | −10.4% |
| Nifty 100 TRI | −14.9% | 02-01-2026 | 30-03-2026 | Not yet | -- | −10.1% |
From daily values since 21-08-2025, 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.
Bajaj Finserv Equity Savings Fund (Direct)
HDFC NIFTY 100 Index Fund (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bajaj Finserv Equity Savings Fund (Direct) | 23% | 1% | 14.25% |
| HDFC NIFTY 100 Index Fund (Direct) | 99% | 101% | 0.04% |
From month-end values since 21-08-2025. 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.
Bajaj Finserv Equity Savings vs HDFC NIFTY 100 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Bajaj Finserv Equity Savings Fund, September 2026; HDFC NIFTY 100 Index Fund, September 2026
Holdings in common
- Overlap
- 32.2%
- Held by both
- 31
- Only in Bajaj Finserv Equity Savings
- 15
- Only in HDFC NIFTY 100 Index
- 69
| Security | % of Bajaj Finserv Equity Savings | % of HDFC NIFTY 100 Index |
|---|---|---|
| ICICI Bank Limited | 6.33% | 7.35% |
| HDFC Bank Limited | 4.52% | 8.42% |
| Axis Bank Limited | 2.97% | 2.73% |
| Kotak Mahindra Bank Limited | 2.61% | 2.38% |
| ITC Limited | 4.97% | 1.96% |
| Hindustan Unilever Limited | 1.10% | 1.29% |
| Bharat Electronics Limited | 1.67% | 1.08% |
| Hindalco Industries Limited | 2.49% | 1.06% |
| UltraTech Cement Limited | 1.42% | 1.01% |
| JSW Steel Limited | 1.06% | 0.94% |
| Adani Ports and Special Economic Zone Limited | 0.86% | 1.09% |
| Sun Pharmaceutical Industries Limited | 0.85% | 1.49% |
| Bajaj Finserv Limited | 2.66% | 0.78% |
| Hindustan Aeronautics Limited | 2.29% | 0.69% |
| Oil & Natural Gas Corporation Limited | 0.77% | 0.68% |
| Apollo Hospitals Enterprise Limited | 1.52% | 0.65% |
| Torrent Pharmaceuticals Limited | 2.19% | 0.55% |
| Jio Financial Services Limited | 1.28% | 0.55% |
| Titan Company Limited | 0.50% | 1.47% |
| Tata Motors Passenger Vehicles Limited | 0.46% | 0.46% |
| Solar Industries India Limited | 1.49% | 0.37% |
| Power Finance Corporation Limited | 0.96% | 0.37% |
| DLF Limited | 2.42% | 0.34% |
| Tata Consumer Products Limited | 0.30% | 0.48% |
| Larsen & Toubro Limited | 0.22% | 3.41% |
| Cipla Limited | 0.19% | 0.59% |
| Cummins India Limited | 0.18% | 0.50% |
| Infosys Limited | 0.16% | 2.72% |
| Reliance Industries Limited | 0.15% | 6.15% |
| Tata Consultancy Services Limited | 0.14% | 1.62% |
| NTPC Limited | 0.12% | 1.19% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 32.2% means 32.2% 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 Bajaj Finserv Equity Savings Fund
| Security | % of fund |
|---|---|
| Bajaj Finserv Money Market Fund-Direct Plan-Growth | 18.83% |
| Embassy Office Parks REIT | 4.04% |
| Multi Commodity Exchange of India Limited | 2.61% |
| The Federal Bank Limited | 2.20% |
| Elantas Beck India Limited | 2.03% |
Largest holdings only in HDFC NIFTY 100 Index Fund
| Security | % of fund |
|---|---|
| Bharti Airtel Ltd. | 4.14% |
| State Bank of India | 3.07% |
| Mahindra & Mahindra Ltd. | 2.04% |
| Bajaj Finance Ltd. | 2.03% |
| Eternal Limited | 1.80% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bajaj Finserv Equity Savings | HDFC NIFTY 100 Index |
|---|---|---|
| Equity | 63.4% | 100.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 36.6% | -0.1% |
Market cap of stocks
| Market cap | Bajaj Finserv Equity Savings | HDFC NIFTY 100 Index |
|---|---|---|
| Large Cap | 50.3% | 98.0% |
| Mid Cap | 5.3% | 2.0% |
| Small Cap | 7.8% | 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 | Bajaj Finserv Equity Savings | HDFC NIFTY 100 Index |
|---|---|---|
| Banks | 19.4% | 25.1% |
| Petroleum Products | 0.1% | 7.0% |
| IT - Software | 0.3% | 6.7% |
| Automobiles | 0.5% | 6.4% |
| Finance | 4.9% | 6.2% |
| Diversified FMCG | 6.1% | 3.3% |
| Telecom - Services | 1.4% | 4.4% |
| Pharmaceuticals & Biotechnology | 3.8% | 4.3% |
| Aerospace & Defense | 4.0% | 1.8% |
| Chemicals & Petrochemicals | 3.5% | 0.7% |
The six largest sectors of each fund's stocks, % of the fund.
Bajaj Finserv Equity Savings vs HDFC NIFTY 100 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bajaj Finserv Equity Savings Fund | HDFC NIFTY 100 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.05% | 0.36% |
| Base expense ratio (Direct) | 0.28% | 0.25% |
| Total expense ratio (Regular) | 2.23% | 0.81% |
| Base expense ratio (Regular) | 1.28% | 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
Compare Bajaj Finserv Equity Savings with
Bajaj Finserv Equity Savings Fund vs HDFC NIFTY 100 Index Fund: Frequently Asked Questions
What is the difference between Bajaj Finserv Equity Savings Fund and HDFC NIFTY 100 Index Fund?
Bajaj Finserv Equity Savings Fund is an Equity Savings fund, HDFC NIFTY 100 Index Fund is an Index fund, run by Bajaj Finserv Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 32.2%. Bajaj Finserv Equity Savings Fund charges 1.05% a year and HDFC NIFTY 100 Index Fund 0.36%.
Which has given higher returns, Bajaj Finserv Equity Savings Fund or HDFC NIFTY 100 Index Fund?
Over 1 year: Bajaj Finserv Equity Savings Fund +3.77%, HDFC NIFTY 100 Index Fund −9.00%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bajaj Finserv Equity Savings Fund or HDFC NIFTY 100 Index Fund?
HDFC NIFTY 100 Index Fund charges less: 0.36% a year against 1.05%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bajaj Finserv Equity Savings Fund and HDFC NIFTY 100 Index Fund overlap?
32.2%. They hold 31 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, AXISBANK. From each fund's latest monthly portfolio.
Which is riskier, Bajaj Finserv Equity Savings Fund or HDFC NIFTY 100 Index Fund?
On SEBI's riskometer, Bajaj Finserv Equity Savings Fund is rated Moderate and HDFC NIFTY 100 Index Fund Very High. Over 1 years, the standard deviation of daily returns was 2.63% and 13.87% a year.
Can I invest in both Bajaj Finserv Equity Savings Fund and HDFC NIFTY 100 Index Fund?
Yes. 32.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Bajaj Finserv Equity Savings Fund and HDFC NIFTY 100 Index Fund?
Bajaj Finserv Equity Savings Fund: Sorbh Gupta, Ilesh Savla, Siddharth Chaudhary. 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.