Franklin India Dividend Yield Fund vs HDFC Nifty50 Value 20 ETF
Direct Plan where a fund has one, Growth option · Data as on 29-10-2026
Franklin India Dividend Yield Fund is a Dividend Yield fund and HDFC Nifty50 Value 20 ETF is an ETF fund. In the 3 years to 30-10-2026, Franklin India Dividend Yield Fund (Direct) returned 10.9% a year and HDFC Nifty50 Value 20 ETF returned 5.6% a year. Franklin India Dividend Yield Fund charges 1.39% a year and HDFC Nifty50 Value 20 ETF 0.22%. Their portfolios overlap 35.4%: they hold 12 of the same securities.
Franklin India Dividend Yield Fund
Dividend Yield
- 3 year return
- 10.9%
- Expense ratio
- 1.39%
- NAV
- ₹142.65
HDFC Nifty50 Value 20 ETF
ETF
- 3 year return
- 5.6%
- Expense ratio
- 0.22%
- NAV
- ₹120.71
Which is better, Franklin India Dividend Yield or HDFC Nifty50 Value 20 ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Franklin India Dividend Yield returned more over 3 years: 10.9% a year against 5.6%.
- Franklin India Dividend Yield returned more over 1 year: −7.9% against −12.0%.
- HDFC Nifty50 Value 20 ETF costs less: 0.22% a year against 1.39%.
- Franklin India Dividend Yield swung less over 3 years: a standard deviation of 13.1% a year against 13.2%.
- Franklin India Dividend Yield fell less in its worst fall since 23-09-2022: −15.9% against −22.5%.
- Franklin India Dividend Yield holds 11.4% of the fund in foreign stocks; HDFC Nifty50 Value 20 ETF 0.0%.
- HDFC Nifty50 Value 20 ETF holds more in large companies: 99.0% of the fund in large caps against 57.0%.
- Franklin India Dividend Yield is the larger fund: ₹2,179 Cr against ₹35 Cr.
- Their portfolios overlap 35.4%: 12 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 | Franklin India Dividend Yield Fund | HDFC Nifty50 Value 20 ETF |
|---|---|---|
| Fund house | Franklin Templeton Mutual Fund | HDFC Mutual Fund |
| Category | Dividend Yield | ETF |
| AUM | ₹2,179 Cr (30-09-2026) | ₹35 Cr (30-09-2026) |
| NAV | ₹142.65 (Direct) | ₹120.71 |
| Expense ratio (Direct) | 1.39% | Not available |
| Expense ratio (Regular) | 2.22% | Not available |
| Riskometer | Not available | Very High |
| Benchmark | Nifty 500 TRI | Nifty50 Value 20 TRI |
| Launch date | 18-05-2006 | 23-09-2022 |
| Minimum investment | 5000/1 | On an On-going Basis: A. On the Stock Exchange: Investors (including Market Makers and Large Investors) can subscribe (buy) Units on a continuous basis on the Stock Exchanges, in minimum lot of 1 (one) unit and in multiples thereof. B. Directly with the F |
| Lock in | None | None |
| Fund managers | Rajasa Kakulavarapu, Ajay Argal, Sandeep Manam | Abhishek Mor, Arun Agarwal |
| Exit load | Exit load of 1% if redeemed within 1 year | Not available |
Franklin India Dividend Yield vs HDFC Nifty50 Value 20 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 |
|---|---|---|---|---|---|---|---|
| Franklin India Dividend Yield Fund (Direct) | −1.50% | −4.46% | −5.41% | −7.91% | +10.87% | +10.92% | +13.70% |
| HDFC Nifty50 Value 20 ETF | +2.09% | −4.92% | −6.75% | −11.97% | +5.59% | -- | -- |
| 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.
Franklin India Dividend Yield vs HDFC Nifty50 Value 20 ETF: Year-wise Returns
| Year | Franklin India Dividend YieldFranklin India Dividend Yield | HDFC Nifty50 Value 20 ETFHDFC Nifty50 Value 20 ETF |
|---|---|---|
| 2026to date | −7.41% | −13.66% |
| 2025 | +2.58% | +0.73% |
| 2024 | +21.42% | +17.58% |
| 2023 | +34.51% | +29.40% |
| 2022 | +6.05% | -- |
| 2021 | +44.12% | -- |
Franklin India Dividend Yield vs HDFC Nifty50 Value 20 ETF: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Franklin India Dividend Yield Fund
Rolling returns
Every 3-year holding period, 271 of them, one for each trading day from 23-09-2025 to 29-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Franklin India Dividend Yield Fund (Direct)
HDFC Nifty50 Value 20 ETF
Nifty 500 TRI
to
Oct 2025Jan 2023
to
Jan 2026Mar 2023
to
Mar 2026May 2023
to
May 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Franklin India Dividend Yield | 0.0 | 0.0 | 0.7 | 37.6 | 59.4 | 2.2 | 0.0 | 15.7% | 15.9% | 9.7% | 20.5% | 99% |
| HDFC Nifty50 Value 20 ETF | 0.0 | 9.6 | 31.4 | 45.0 | 14.0 | 0.0 | 0.0 | 10.9% | 11.4% | 3.4% | 16.2% | 0% |
| Nifty 500 TRI | 0.0 | 0.0 | 7.4 | 40.6 | 52.0 | 0.0 | 0.0 | 14.5% | 15.2% | 8.8% | 18.1% | -- |
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 500 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 23-09-2022. Past returns do not promise future returns.
Franklin India Dividend Yield vs HDFC Nifty50 Value 20 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 01-09-2022 to 29-10-2026: 50 instalments, ₹5,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Franklin India Dividend YieldFranklin India Dividend Yield Fund (Direct) | ₹5,00,000 | ₹5,62,098 | ₹62,098 | 5.6% |
| HDFC Nifty50 Value 20 ETFHDFC Nifty50 Value 20 ETF | ₹5,00,000 | ₹5,12,715 | ₹12,715 | 1.2% |
Franklin India Dividend YieldFranklin India Dividend Yield Fund (Direct)
HDFC Nifty50 Value 20 ETFHDFC Nifty50 Value 20 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.
Franklin India Dividend Yield vs HDFC Nifty50 Value 20 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Franklin India Dividend Yield Fund (Direct) | HDFC Nifty50 Value 20 ETF |
|---|---|---|
| Return (CAGR) | −7.91% | −11.97% |
| Standard deviation | 11.56% | 12.53% |
| Sharpe ratio | -1.14 | -1.37 |
| Sortino ratio | -1.45 | -1.79 |
| Maximum drawdown | −12.0% (31-03-2026) | −17.4% (08-10-2026) |
| Beta | 0.74 | 1.00 |
| Alpha | −3.60% | −0.25% |
From daily NAVs, 29-10-2025 to 29-10-2026. 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 | Franklin India Dividend Yield Fund (Direct) | HDFC Nifty50 Value 20 ETF |
|---|---|---|
| Return (CAGR) | +10.87% | +5.59% |
| Standard deviation | 13.05% | 13.23% |
| Sharpe ratio | 0.37 | -0.03 |
| Sortino ratio | 0.50 | -0.05 |
| Maximum drawdown | −15.9% (07-04-2025) | −22.5% (08-10-2026) |
| Beta | 0.83 | 1.00 |
| Alpha | +1.19% | −0.28% |
From daily NAVs, 27-10-2023 to 29-10-2026. 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 | Franklin India Dividend Yield Fund (Direct) | HDFC Nifty50 Value 20 ETF |
|---|---|---|
| Return (CAGR) | +13.98% | +8.62% |
| Standard deviation | 13.43% | 12.72% |
| Sharpe ratio | 0.59 | 0.19 |
| Sortino ratio | 0.80 | 0.27 |
| Maximum drawdown | −38.0% (23-03-2020) | −22.5% (08-10-2026) |
| Beta | 0.75 | 1.00 |
| Alpha | +2.80% | −0.28% |
From daily NAVs, 01-01-2013 to 29-10-2026. 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.
Franklin India Dividend Yield Fund (Direct)
HDFC Nifty50 Value 20 ETF
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Franklin India Dividend Yield Fund (Direct) | −15.9% | 27-09-2024 | 07-04-2025 | Not yet | -- | −13.3% |
| HDFC Nifty50 Value 20 ETF | −22.5% | 26-09-2024 | 08-10-2026 | Not yet | -- | −19.7% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 23-09-2022, 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.
Franklin India Dividend Yield Fund (Direct)
HDFC Nifty50 Value 20 ETF
Nifty 500 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.
Franklin India Dividend Yield Fund (Direct)
HDFC Nifty50 Value 20 ETF
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Franklin India Dividend Yield Fund (Direct) | 86% | 64% | 6.84% |
| HDFC Nifty50 Value 20 ETF | 76% | 72% | 6.92% |
From month-end values since 23-09-2022. 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.
Franklin India Dividend Yield vs HDFC Nifty50 Value 20 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Franklin India Dividend Yield Fund, September 2026; HDFC Nifty50 Value 20 ETF, September 2026
Holdings in common
- Overlap
- 35.4%
- Held by both
- 12
- Only in Franklin India Dividend Yield
- 27
- Only in HDFC Nifty50 Value 20 ETF
- 8
| Security | % of Franklin India Dividend Yield | % of HDFC Nifty50 Value 20 ETF |
|---|---|---|
| State Bank of India | 5.72% | 9.11% |
| Infosys Ltd | 4.53% | 6.52% |
| ICICI Bank Ltd | 4.06% | 11.35% |
| ITC Ltd | 3.50% | 5.58% |
| NTPC Ltd | 3.92% | 3.22% |
| Axis Bank Ltd | 3.13% | 5.41% |
| Coal India Ltd | 2.92% | 3.38% |
| Oil & Natural Gas Corporation Ltd | 2.28% | 4.15% |
| Tata Steel Ltd | 1.99% | 2.32% |
| Tata Consultancy Services Ltd | 1.79% | 3.68% |
| Power Grid Corporation of India Ltd | 1.25% | 2.14% |
| HCL Technologies Ltd | 1.02% | 2.25% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 35.4% means 35.4% 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 Franklin India Dividend Yield Fund
| Security | % of fund |
|---|---|
| Embassy Office Parks REIT | 4.32% |
| Britannia Industries Ltd | 3.55% |
| Knowledge Realty Trust | 3.12% |
| Shriram Finance Ltd | 2.98% |
| Bharat Electronics Ltd | 2.58% |
Largest holdings only in HDFC Nifty50 Value 20 ETF
| Security | % of fund |
|---|---|
| HDFC Bank Ltd. | 14.74% |
| Reliance Industries Ltd. | 12.16% |
| Kotak Mahindra Bank Limited | 3.76% |
| Tata Motors Passenger Vehicles Limited | 3.22% |
| Hindalco Industries Ltd. | 2.70% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Franklin India Dividend Yield | HDFC Nifty50 Value 20 ETF |
|---|---|---|
| Equity | 87.4% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 12.6% | -0.0% |
Market cap of stocks
| Market cap | Franklin India Dividend Yield | HDFC Nifty50 Value 20 ETF |
|---|---|---|
| Large Cap | 57.0% | 99.0% |
| Mid Cap | 8.5% | 1.0% |
| Small Cap | 10.6% | 0.0% |
| Foreign stocks | 11.4% | 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 | Franklin India Dividend Yield | HDFC Nifty50 Value 20 ETF |
|---|---|---|
| Banks | 12.9% | 44.4% |
| IT - Software | 7.3% | 12.4% |
| Petroleum Products | 3.8% | 12.2% |
| Power | 8.9% | 5.4% |
| Automobiles | 5.7% | 3.2% |
| Food Products | 5.6% | 0.0% |
| Diversified FMCG | 3.5% | 5.6% |
| IT - Hardware | 5.4% | 0.0% |
| Oil | 2.3% | 4.2% |
The six largest sectors of each fund's stocks, % of the fund.
Franklin India Dividend Yield vs HDFC Nifty50 Value 20 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Franklin India Dividend Yield Fund | HDFC Nifty50 Value 20 ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.39% | Not available |
| Base expense ratio (Direct) | 1.03% | 0.00% |
| Total expense ratio (Regular) | 2.22% | Not available |
| Base expense ratio (Regular) | 1.75% | 0.17% |
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 Franklin India Dividend Yield with
Franklin India Dividend Yield Fund vs HDFC Nifty50 Value 20 ETF: Frequently Asked Questions
What is the difference between Franklin India Dividend Yield Fund and HDFC Nifty50 Value 20 ETF?
Franklin India Dividend Yield Fund is a Dividend Yield fund, HDFC Nifty50 Value 20 ETF is an ETF fund, run by Franklin Templeton Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 35.4%. Franklin India Dividend Yield Fund charges 1.39% a year and HDFC Nifty50 Value 20 ETF 0.22%.
Which has given higher returns, Franklin India Dividend Yield Fund or HDFC Nifty50 Value 20 ETF?
Over 1 year: Franklin India Dividend Yield Fund −7.91%, HDFC Nifty50 Value 20 ETF −11.97%. Over 3 years: Franklin India Dividend Yield Fund +10.87% a year, HDFC Nifty50 Value 20 ETF +5.59% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Franklin India Dividend Yield Fund or HDFC Nifty50 Value 20 ETF?
HDFC Nifty50 Value 20 ETF charges less: 0.22% a year against 1.39%. These are the total expense ratios reported to AMFI.
How much do Franklin India Dividend Yield Fund and HDFC Nifty50 Value 20 ETF overlap?
35.4%. They hold 12 of the same securities, the largest shared ones being SBIN, INFY, ICICIBANK. From each fund's latest monthly portfolio.
Which is better for SIP, Franklin India Dividend Yield Fund or HDFC Nifty50 Value 20 ETF?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 29-10-2026 grew to ₹3,67,621 in Franklin India Dividend Yield Fund (XIRR -0.4% a year) and ₹3,45,743 in HDFC Nifty50 Value 20 ETF (XIRR -4.3% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Franklin India Dividend Yield Fund and HDFC Nifty50 Value 20 ETF?
Yes. 35.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Franklin India Dividend Yield Fund and HDFC Nifty50 Value 20 ETF?
Franklin India Dividend Yield Fund: Rajasa Kakulavarapu, Ajay Argal, Sandeep Manam. HDFC Nifty50 Value 20 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.