Groww Nifty India internet ETF vs HDFC Nifty India Digital Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Groww Nifty India internet ETF is an ETF fund and HDFC Nifty India Digital Index Fund is an Index fund. In the year to 30-10-2026, Groww Nifty India internet ETF returned −11.8% and HDFC Nifty India Digital Index Fund (Direct) returned −7.7%. Groww Nifty India internet ETF charges 0.46% a year and HDFC Nifty India Digital Index Fund 0.41%. Their portfolios overlap 33.5%: they hold 15 of the same securities.
Groww Nifty India internet ETF
ETF
- 1 year return
- −11.8%
- Expense ratio
- 0.46%
- NAV
- ₹9.77
HDFC Nifty India Digital Index Fund
Index
- 1 year return
- −7.7%
- Expense ratio
- 0.41%
- NAV
- ₹8.69
Which is better, Groww Nifty India internet ETF or HDFC Nifty India Digital Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HDFC Nifty India Digital Index returned more over 1 year: −7.7% against −11.8%.
- HDFC Nifty India Digital Index costs less: 0.41% a year against 0.46%.
- HDFC Nifty India Digital Index fell less in its worst fall since 02-07-2025: −25.1% against −28.3%.
- HDFC Nifty India Digital Index holds more in large companies: 50.8% of the fund in large caps against 24.9%.
- HDFC Nifty India Digital Index is the larger fund: ₹141 Cr against ₹42 Cr.
- Their portfolios overlap 33.5%: 15 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 | Groww Nifty India internet ETF | HDFC Nifty India Digital Index Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | HDFC Mutual Fund |
| Category | ETF | Index |
| AUM | ₹42 Cr (30-09-2026) | ₹141 Cr (30-09-2026) |
| NAV | ₹9.77 | ₹8.69 (Direct) |
| Expense ratio (Direct) | Not available | 0.41% |
| Expense ratio (Regular) | Not available | 0.88% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty India Internet TRI | Nifty India Digital TRI |
| Launch date | 01-07-2025 | 11-12-2024 |
| Minimum investment | Re.1 | ₹100 |
| Lock in | None | None |
| Fund managers | Nikhil Satam, Aakash chauhan, amp, Shashi Kumar | Nandita Menezes, Arun Agarwal |
| Exit load | Nil | NIL |
Groww Nifty India internet ETF vs HDFC Nifty India Digital 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 |
|---|---|---|---|---|---|---|---|
| Groww Nifty India internet ETF | −2.31% | −3.31% | +8.92% | −11.75% | -- | -- | -- |
| HDFC Nifty India Digital Index Fund (Direct) | +7.22% | +0.04% | +11.09% | −7.65% | -- | -- | -- |
Groww Nifty India internet ETF vs HDFC Nifty India Digital Index: Year-wise Returns
| Year | Groww Nifty India internet ETFGroww Nifty India internet ETF | HDFC Nifty India Digital IndexHDFC Nifty India Digital Index |
|---|---|---|
| 2026to date | −6.00% | −8.33% |
| 2025 | -- | −2.33% |
Groww Nifty India internet ETF vs HDFC Nifty India Digital Index: Rolling Returns
Every holding period of both funds, against Nifty India Internet TRI, the benchmark of Groww Nifty India internet ETF
Rolling returns
Every 1-year holding period, 82 of them, one for each trading day from 02-07-2026 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.
Groww Nifty India internet ETF
HDFC Nifty India Digital Index Fund (Direct)
Nifty India Internet TRI
to
Jul 2026Aug 2025
to
Aug 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Groww Nifty India internet ETF | 67.1 | 32.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −2.4% | −0.9% | −12.3% | 4.7% | 0% |
| HDFC Nifty India Digital Index | 90.2 | 9.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −5.8% | −6.9% | −14.3% | 1.7% | 10% |
| Nifty India Internet TRI | 59.8 | 39.0 | 1.2 | 0.0 | 0.0 | 0.0 | 0.0 | −2.0% | −0.4% | −12.0% | 5.2% | -- |
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 India Internet 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 02-07-2025. Past returns do not promise future returns.
Groww Nifty India internet ETF vs HDFC Nifty India Digital 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 02-07-2025 to 30-10-2026: 16 instalments, ₹1,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Groww Nifty India internet ETFGroww Nifty India internet ETF | ₹1,60,000 | ₹1,59,135 | −₹865 | −0.8% |
| HDFC Nifty India Digital IndexHDFC Nifty India Digital Index Fund (Direct) | ₹1,60,000 | ₹1,62,132 | ₹2,132 | 1.9% |
Groww Nifty India internet ETFGroww Nifty India internet ETF
HDFC Nifty India Digital IndexHDFC Nifty India Digital 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.
Groww Nifty India internet ETF vs HDFC Nifty India Digital Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Groww Nifty India internet ETF | HDFC Nifty India Digital Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −11.75% | −7.65% |
| Standard deviation | 22.70% | 17.85% |
| Sharpe ratio | -0.75 | -0.72 |
| Sortino ratio | -1.01 | -0.98 |
| Maximum drawdown | −27.9% (31-03-2026) | −25.1% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.38% | −0.69% |
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 | Groww Nifty India internet ETF | HDFC Nifty India Digital Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −1.42% | −7.19% |
| Standard deviation | 21.43% | 18.44% |
| Sharpe ratio | -0.31 | -0.69 |
| Sortino ratio | -0.44 | -0.94 |
| Maximum drawdown | −28.3% (31-03-2026) | −27.6% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.46% | −0.62% |
From daily NAVs, 02-07-2025 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.
Groww Nifty India internet ETF
HDFC Nifty India Digital Index Fund (Direct)
Nifty India Internet TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Groww Nifty India internet ETF | −28.3% | 28-10-2025 | 31-03-2026 | 23-09-2026 | 6 months | −12.3% |
| HDFC Nifty India Digital Index Fund (Direct) | −25.1% | 22-12-2025 | 31-03-2026 | Not yet | -- | −11.1% |
| Nifty India Internet TRI | −28.2% | 28-10-2025 | 30-03-2026 | 23-09-2026 | 6 months | −12.2% |
From daily values since 02-07-2025, 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.
Groww Nifty India internet ETF
HDFC Nifty India Digital Index Fund (Direct)
Nifty India Internet TRI
Against Nifty India Internet TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Groww Nifty India internet ETF | 99% | 101% | 0.04% |
| HDFC Nifty India Digital Index Fund (Direct) | 71% | 65% | 15.23% |
From month-end values since 02-07-2025. 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.
Groww Nifty India internet ETF vs HDFC Nifty India Digital Index: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Nifty India internet ETF, September 2026; HDFC Nifty India Digital Index Fund, September 2026
Holdings in common
- Overlap
- 33.5%
- Held by both
- 15
- Only in Groww Nifty India internet ETF
- 9
- Only in HDFC Nifty India Digital Index
- 35
| Security | % of Groww Nifty India internet ETF | % of HDFC Nifty India Digital Index |
|---|---|---|
| Eternal Limited | 19.71% | 7.31% |
| One 97 Communications Limited | 14.30% | 5.85% |
| Info Edge (India) Limited | 9.35% | 3.83% |
| FSN E-Commerce Ventures Limited | 8.67% | 3.55% |
| PB Fintech Limited | 7.47% | 3.06% |
| SWIGGY LIMITED | 7.43% | 3.04% |
| Meesho Limited | 4.13% | 1.69% |
| Indian Railway Catering & Tourism Corp | 2.72% | 1.11% |
| CarTrade Tech Limited | 2.46% | 1.01% |
| Pine Labs Limited | 1.91% | 0.78% |
| Physicswallah Limited | 1.44% | 0.59% |
| TBO Tek Limited | 1.15% | 0.47% |
| Urban Company Limited | 1.08% | 0.44% |
| Indiamart Intermesh Ltd | 0.99% | 0.41% |
| Brainbees Solutions Ltd. | 0.81% | 0.33% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 33.5% means 33.5% 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 Groww Nifty India internet ETF
| Security | % of fund |
|---|---|
| Billionbrains Garage Ventures Ltd. | 5.21% |
| Angel One Limited | 3.54% |
| Motilal Oswal Financial Services Limited | 3.12% |
| Nazara Technologies Limited | 1.73% |
| IIFL Capital Services Limited | 0.82% |
Largest holdings only in HDFC Nifty India Digital Index Fund
| Security | % of fund |
|---|---|
| Infosys Limited | 7.60% |
| Tata Consultancy Services Ltd. | 7.53% |
| Bharti Airtel Ltd. | 7.53% |
| HCL Technologies Ltd. | 7.48% |
| Tech Mahindra Ltd. | 5.72% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Nifty India internet ETF | HDFC Nifty India Digital Index |
|---|---|---|
| Equity | 100.0% | 97.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 2.4% |
Market cap of stocks
| Market cap | Groww Nifty India internet ETF | HDFC Nifty India Digital Index |
|---|---|---|
| Large Cap | 24.9% | 50.8% |
| Mid Cap | 57.2% | 35.3% |
| Small Cap | 17.9% | 11.5% |
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 | Groww Nifty India internet ETF | HDFC Nifty India Digital Index |
|---|---|---|
| Retailing | 54.9% | 21.6% |
| IT - Software | 0.0% | 45.9% |
| Financial Technology (Fintech) | 24.3% | 9.7% |
| Telecom - Services | 0.0% | 13.2% |
| Capital Markets | 12.7% | 0.0% |
| Leisure Services | 4.9% | 1.8% |
| IT - Services | 0.0% | 4.2% |
| Entertainment | 1.7% | 0.0% |
| Other Consumer Services | 1.4% | 0.6% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Nifty India internet ETF vs HDFC Nifty India Digital Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Nifty India internet ETF | HDFC Nifty India Digital Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.41% |
| Base expense ratio (Direct) | 0.35% | 0.30% |
| Total expense ratio (Regular) | Not available | 0.88% |
| Base expense ratio (Regular) | 0.00% | 0.71% |
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.
Groww Nifty India internet ETF vs HDFC Nifty India Digital Index Fund: Frequently Asked Questions
What is the difference between Groww Nifty India internet ETF and HDFC Nifty India Digital Index Fund?
Groww Nifty India internet ETF is an ETF fund, HDFC Nifty India Digital Index Fund is an Index fund, run by Groww Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 33.5%. Groww Nifty India internet ETF charges 0.46% a year and HDFC Nifty India Digital Index Fund 0.41%.
Which has given higher returns, Groww Nifty India internet ETF or HDFC Nifty India Digital Index Fund?
Over 1 year: Groww Nifty India internet ETF −11.75%, HDFC Nifty India Digital Index Fund −7.65%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Groww Nifty India internet ETF or HDFC Nifty India Digital Index Fund?
HDFC Nifty India Digital Index Fund charges less: 0.41% a year against 0.46%. These are the total expense ratios reported to AMFI.
How much do Groww Nifty India internet ETF and HDFC Nifty India Digital Index Fund overlap?
33.5%. They hold 15 of the same securities, the largest shared ones being ETERNAL, PAYTM, NAUKRI. From each fund's latest monthly portfolio.
Which is riskier, Groww Nifty India internet ETF or HDFC Nifty India Digital Index Fund?
On SEBI's riskometer, Groww Nifty India internet ETF is rated Very High and HDFC Nifty India Digital Index Fund Very High. Over 1 years, the standard deviation of daily returns was 22.70% and 17.85% a year.
Can I invest in both Groww Nifty India internet ETF and HDFC Nifty India Digital Index Fund?
Yes. 33.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Groww Nifty India internet ETF and HDFC Nifty India Digital Index Fund?
Groww Nifty India internet ETF: Nikhil Satam, Aakash chauhan, amp, Shashi Kumar. HDFC Nifty India Digital 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.