DSP Nifty Top 10 Equal Weight Index Fund vs HDFC Retirement Fund - Hybrid-Debt Plan
Direct Plan, Growth option · Data as on 30-10-2026
DSP Nifty Top 10 Equal Weight Index Fund is a mutual fund and HDFC Retirement Fund - Hybrid-Debt Plan is a Solution fund. In the year to 30-10-2026, DSP Nifty Top 10 Equal Weight Index Fund (Direct) returned −13.2% and HDFC Retirement Fund - Hybrid-Debt Plan (Direct) returned −1.1%. DSP Nifty Top 10 Equal Weight Index Fund charges 0.40% a year and HDFC Retirement Fund - Hybrid-Debt Plan 1.36% (Direct plans). Their portfolios overlap 27.6%: they hold 9 of the same securities.
DSP Nifty Top 10 Equal Weight Index Fund
- 1 year return
- −13.2%
- Expense ratio
- 0.40%
- NAV
- ₹8.87
HDFC Retirement Fund - Hybrid-Debt Plan
Solution
- 1 year return
- −1.1%
- Expense ratio
- 1.36%
- NAV
- ₹24.44
Which is better, DSP Nifty Top 10 Equal Weight Index or HDFC Retirement Fund - Hybrid-Debt Plan? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HDFC Retirement Fund - Hybrid-Debt Plan returned more over 1 year: −1.1% against −13.2%.
- DSP Nifty Top 10 Equal Weight Index costs less: 0.40% a year against 1.36% (Direct plans).
- HDFC Retirement Fund - Hybrid-Debt Plan fell less in its worst fall since 05-09-2024: −4.0% against −19.8%.
- DSP Nifty Top 10 Equal Weight Index holds more in large companies: 99.9% of the fund in large caps against 29.6%.
- DSP Nifty Top 10 Equal Weight Index is the larger fund: ₹1,044 Cr against ₹143 Cr.
- Their portfolios overlap 27.6%: 9 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 | DSP Nifty Top 10 Equal Weight Index Fund | HDFC Retirement Fund - Hybrid-Debt Plan |
|---|---|---|
| Fund house | DSP Mutual Fund | HDFC Mutual Fund |
| Category | Not available | Solution |
| AUM | ₹1,044 Cr (30-09-2026) | ₹143 Cr (30-09-2026) |
| NAV | ₹8.87 (Direct) | ₹24.44 (Direct) |
| Expense ratio (Direct) | 0.40% | 1.36% |
| Expense ratio (Regular) | 1.09% | 2.34% |
| Riskometer | Not available | Moderately High |
| Benchmark | Not available | Nifty 50 Hybrid Composite Debt 15:85 Conservative Index |
| Launch date | Not available | 26-02-2016 |
| Minimum investment | Not available | ₹100 |
| Lock in | Not available | 5 years, or until retirement if earlier |
| Fund managers | Not available | Anupam Joshi, Arun Agarwal, Nandita Menezes, Chirag Setalvad, Gopal Agrawal |
| Exit load | Not available | Nil |
DSP Nifty Top 10 Equal Weight Index vs HDFC Retirement Fund - Hybrid-Debt Plan: 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 |
|---|---|---|---|---|---|---|---|
| DSP Nifty Top 10 Equal Weight Index Fund (Direct) | +4.79% | −2.76% | −2.34% | −13.20% | -- | -- | -- |
| HDFC Retirement Fund - Hybrid-Debt Plan (Direct) | −0.32% | −2.18% | −0.13% | −1.14% | +6.54% | +6.74% | +7.86% |
DSP Nifty Top 10 Equal Weight Index vs HDFC Retirement Fund - Hybrid-Debt Plan: Year-wise Returns
| Year | DSP Nifty Top 10 Equal Weight IndexDSP Nifty Top 10 Equal Weight Index | HDFC Retirement Fund - Hybrid-Debt PlanHDFC Retirement Fund - Hybrid-Debt Plan |
|---|---|---|
| 2026to date | −15.17% | −1.83% |
| 2025 | +9.14% | +6.35% |
| 2024 | -- | +11.11% |
| 2023 | -- | +12.43% |
| 2022 | -- | +5.00% |
| 2021 | -- | +10.04% |
DSP Nifty Top 10 Equal Weight Index vs HDFC Retirement Fund - Hybrid-Debt Plan: Rolling Returns
Every holding period of both funds, against Nifty Top 10 Equal Weight TRI, the benchmark of DSP Nifty Top 10 Equal Weight Index Fund
Rolling returns
Every 1-year holding period, 282 of them, one for each trading day from 05-09-2025 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.
DSP Nifty Top 10 Equal Weight Index Fund (Direct)
HDFC Retirement Fund - Hybrid-Debt Plan (Direct)
Nifty Top 10 Equal Weight TRI
to
Oct 2025Dec 2024
to
Dec 2025Feb 2025
to
Feb 2026May 2025
to
May 2026Jul 2025
to
Jul 2026Sept 2025
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DSP Nifty Top 10 Equal Weight Index | 62.1 | 13.8 | 23.0 | 1.1 | 0.0 | 0.0 | 0.0 | −3.5% | −5.4% | −15.2% | 10.1% | 0% |
| HDFC Retirement Fund - Hybrid-Debt Plan | 6.5 | 58.5 | 35.0 | 0.0 | 0.0 | 0.0 | 0.0 | 3.6% | 3.3% | −1.7% | 8.2% | 84% |
| Nifty Top 10 Equal Weight TRI | 61.7 | 11.0 | 25.9 | 1.4 | 0.0 | 0.0 | 0.0 | −3.1% | −5.1% | −14.9% | 10.5% | -- |
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 Top 10 Equal Weight 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 05-09-2024. Past returns do not promise future returns.
DSP Nifty Top 10 Equal Weight Index vs HDFC Retirement Fund - Hybrid-Debt Plan: 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 05-09-2024 to 30-10-2026: 26 instalments, ₹2,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| DSP Nifty Top 10 Equal Weight IndexDSP Nifty Top 10 Equal Weight Index Fund (Direct) | ₹2,60,000 | ₹2,41,513 | −₹18,487 | −6.5% |
| HDFC Retirement Fund - Hybrid-Debt PlanHDFC Retirement Fund - Hybrid-Debt Plan (Direct) | ₹2,60,000 | ₹2,62,839 | ₹2,839 | 1.0% |
DSP Nifty Top 10 Equal Weight IndexDSP Nifty Top 10 Equal Weight Index Fund (Direct)
HDFC Retirement Fund - Hybrid-Debt PlanHDFC Retirement Fund - Hybrid-Debt Plan (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.
DSP Nifty Top 10 Equal Weight Index vs HDFC Retirement Fund - Hybrid-Debt Plan: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP Nifty Top 10 Equal Weight Index Fund (Direct) | HDFC Retirement Fund - Hybrid-Debt Plan (Direct) |
|---|---|---|
| Return (CAGR) | −13.20% | −1.14% |
| Standard deviation | 14.08% | 3.96% |
| Sharpe ratio | -1.31 | -1.61 |
| Sortino ratio | -1.76 | -2.11 |
| Maximum drawdown | −19.8% (01-10-2026) | −4.0% (30-03-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.27% | -- |
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 | DSP Nifty Top 10 Equal Weight Index Fund (Direct) | HDFC Retirement Fund - Hybrid-Debt Plan (Direct) |
|---|---|---|
| Return (CAGR) | −5.42% | +8.71% |
| Standard deviation | 13.36% | 3.48% |
| Sharpe ratio | -0.83 | 0.93 |
| Sortino ratio | -1.16 | 1.30 |
| Maximum drawdown | −19.8% (01-10-2026) | −7.8% (23-03-2020) |
| Beta | 1.00 | -- |
| Alpha | −0.42% | -- |
From daily NAVs, 05-09-2024 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.
DSP Nifty Top 10 Equal Weight Index Fund (Direct)
HDFC Retirement Fund - Hybrid-Debt Plan (Direct)
Nifty Top 10 Equal Weight TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP Nifty Top 10 Equal Weight Index Fund (Direct) | −19.8% | 22-12-2025 | 01-10-2026 | Not yet | -- | −15.7% |
| HDFC Retirement Fund - Hybrid-Debt Plan (Direct) | −4.0% | 11-02-2026 | 30-03-2026 | 06-07-2026 | 3 months | −2.6% |
| Nifty Top 10 Equal Weight TRI | −19.6% | 22-12-2025 | 01-10-2026 | Not yet | -- | −15.5% |
From daily values since 05-09-2024, 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.
DSP Nifty Top 10 Equal Weight Index Fund (Direct)
HDFC Retirement Fund - Hybrid-Debt Plan (Direct)
Nifty Top 10 Equal Weight TRI
Against Nifty Top 10 Equal Weight TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| DSP Nifty Top 10 Equal Weight Index Fund (Direct) | 99% | 101% | 0.06% |
| HDFC Retirement Fund - Hybrid-Debt Plan (Direct) | 33% | 18% | 11.60% |
From month-end values since 05-09-2024. 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.
DSP Nifty Top 10 Equal Weight Index vs HDFC Retirement Fund - Hybrid-Debt Plan: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Nifty Top 10 Equal Weight Index Fund, September 2026; HDFC Retirement Fund - Hybrid-Debt Plan, September 2026
Holdings in common
- Overlap
- 27.6%
- Held by both
- 9
- Only in DSP Nifty Top 10 Equal Weight Index
- 1
- Only in HDFC Retirement Fund - Hybrid-Debt Plan
- 40
| Security | % of DSP Nifty Top 10 Equal Weight Index | % of HDFC Retirement Fund - Hybrid-Debt Plan |
|---|---|---|
| ICICI Bank Limited | 10.09% | 7.90% |
| Larsen & Toubro Limited | 9.82% | 7.43% |
| Reliance Industries Limited | 9.80% | 5.53% |
| HDFC Bank Limited | 9.75% | 2.18% |
| State Bank of India | 9.90% | 1.31% |
| Axis Bank Limited | 10.15% | 1.12% |
| Bharti Airtel Limited | 9.96% | 0.99% |
| Infosys Limited | 10.06% | 0.70% |
| ITC Limited | 9.89% | 0.46% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 27.6% means 27.6% 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 DSP Nifty Top 10 Equal Weight Index Fund
| Security | % of fund |
|---|---|
| Kotak Mahindra Bank Limited | 10.45% |
Largest holdings only in HDFC Retirement Fund - Hybrid-Debt Plan
| Security | % of fund |
|---|---|
| 6.67% GOI MAT 171250 | 9.37% |
| Mahindra Rural Housing Finance Ltd | 7.04% |
| 6.48% GOI MAT 061035 | 6.70% |
| 6.19% GOI MAT 160934 | 6.60% |
| 7.57% GOI MAT 170633 | 5.38% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Nifty Top 10 Equal Weight Index | HDFC Retirement Fund - Hybrid-Debt Plan |
|---|---|---|
| Equity | 99.9% | 42.0% |
| Debt | 0.0% | 46.5% |
| Cash and others | 0.1% | 11.6% |
Market cap of stocks
| Market cap | DSP Nifty Top 10 Equal Weight Index | HDFC Retirement Fund - Hybrid-Debt Plan |
|---|---|---|
| Large Cap | 99.9% | 29.6% |
| Mid Cap | 0.0% | 2.9% |
| Small Cap | 0.0% | 9.4% |
| Not on AMFI's list | 0.0% | 0.1% |
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 | DSP Nifty Top 10 Equal Weight Index | HDFC Retirement Fund - Hybrid-Debt Plan |
|---|---|---|
| Banks | 50.3% | 13.1% |
| IT - Software | 10.1% | 1.0% |
| Telecom - Services | 10.0% | 1.0% |
| Diversified FMCG | 9.9% | 0.5% |
| Construction | 9.8% | 7.7% |
| Petroleum Products | 9.8% | 5.8% |
| Retailing | 0.0% | 1.9% |
| Auto Components | 0.0% | 1.9% |
| Industrial Products | 0.0% | 1.2% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Nifty Top 10 Equal Weight Index vs HDFC Retirement Fund - Hybrid-Debt Plan: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Nifty Top 10 Equal Weight Index Fund | HDFC Retirement Fund - Hybrid-Debt Plan |
|---|---|---|
| Total expense ratio (Direct) | 0.40% | 1.36% |
| Base expense ratio (Direct) | 0.21% | 0.99% |
| Total expense ratio (Regular) | 1.09% | 2.34% |
| Base expense ratio (Regular) | 0.80% | 1.85% |
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.
DSP Nifty Top 10 Equal Weight Index Fund vs HDFC Retirement Fund - Hybrid-Debt Plan: Frequently Asked Questions
What is the difference between DSP Nifty Top 10 Equal Weight Index Fund and HDFC Retirement Fund - Hybrid-Debt Plan?
DSP Nifty Top 10 Equal Weight Index Fund is a mutual fund, HDFC Retirement Fund - Hybrid-Debt Plan is a Solution fund, run by DSP Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 27.6%. DSP Nifty Top 10 Equal Weight Index Fund charges 0.40% a year and HDFC Retirement Fund - Hybrid-Debt Plan 1.36%.
Which has given higher returns, DSP Nifty Top 10 Equal Weight Index Fund or HDFC Retirement Fund - Hybrid-Debt Plan?
Over 1 year: DSP Nifty Top 10 Equal Weight Index Fund −13.20%, HDFC Retirement Fund - Hybrid-Debt Plan −1.14%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, DSP Nifty Top 10 Equal Weight Index Fund or HDFC Retirement Fund - Hybrid-Debt Plan?
DSP Nifty Top 10 Equal Weight Index Fund charges less: 0.40% a year against 1.36%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Nifty Top 10 Equal Weight Index Fund and HDFC Retirement Fund - Hybrid-Debt Plan overlap?
27.6%. They hold 9 of the same securities, the largest shared ones being ICICIBANK, LT, RELIANCE. From each fund's latest monthly portfolio.
Can I invest in both DSP Nifty Top 10 Equal Weight Index Fund and HDFC Retirement Fund - Hybrid-Debt Plan?
Yes. 27.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.