HDFC BSE 500 ETF vs HSBC Equity Savings Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
HDFC BSE 500 ETF is an ETF fund and HSBC Equity Savings Fund is an Equity Savings fund. In the 3 years to 30-10-2026, HDFC BSE 500 ETF returned 9.5% a year and HSBC Equity Savings Fund (Direct) returned 12.8% a year. HDFC BSE 500 ETF charges 0.32% a year and HSBC Equity Savings Fund 1.41%. Their portfolios overlap 38.0%: they hold 86 of the same securities.
HSBC Equity Savings Fund
Equity Savings
- 3 year return
- 12.8%
- Expense ratio
- 1.41%
- NAV
- ₹40.76
Which is better, HDFC BSE 500 ETF or HSBC Equity Savings? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HSBC Equity Savings returned more over 3 years: 12.8% a year against 9.5%.
- HSBC Equity Savings returned more over 1 year: 6.0% against −7.9%.
- HDFC BSE 500 ETF costs less: 0.32% a year against 1.41%.
- HSBC Equity Savings swung less over 3 years: a standard deviation of 7.2% a year against 14.2%.
- HSBC Equity Savings fell less in its worst fall since 15-02-2023: −11.5% against −18.8%.
- HDFC BSE 500 ETF holds more in large companies: 67.0% of the fund in large caps against 49.2%.
- HSBC Equity Savings is the larger fund: ₹1,558 Cr against ₹193 Cr.
- Their portfolios overlap 38.0%: 86 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 | HDFC BSE 500 ETF | HSBC Equity Savings Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | HSBC Mutual Fund |
| Category | ETF | Equity Savings |
| AUM | ₹193 Cr (30-09-2026) | ₹1,558 Cr (30-09-2026) |
| NAV | ₹35.21 | ₹40.76 (Direct) |
| Expense ratio (Direct) | Not available | 1.41% |
| Expense ratio (Regular) | Not available | 2.40% |
| Riskometer | Very High | Low to Moderate |
| Benchmark | BSE 500 TRI | Nifty Equity Savings Index |
| Launch date | 15-02-2023 | 18-10-2011 |
| Minimum investment | On an On-going Basis:A. Directly with the Fund - Market Makers/Large Investors:On an on going basis, only Market Makers (in Creation Unit Size) and Large Investors (with Minimum application amount of Rs. 25 Crores and in multiples of Creation Unit Size) m | ₹5,000 |
| Lock in | None | None |
| Fund managers | Abhishek Mor, Nandita Menezes, Arun Agarwal | Cheenu Gupta, Praveen Ayathan, Mahesh Chhabria, Mohd. Asif Rizwi, Mayank Chaturvedi, Dipan S. Parikh |
| Exit load | Not available | Exit load for units in excess of 0.50% of the investment,1% will be charged for redemption within 1 month. |
HDFC BSE 500 ETF vs HSBC Equity Savings: 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 |
|---|---|---|---|---|---|---|---|
| HDFC BSE 500 ETF | −0.90% | −6.16% | −3.09% | −7.93% | +9.53% | -- | -- |
| HSBC Equity Savings Fund (Direct) | +0.23% | −0.42% | +2.72% | +6.04% | +12.81% | -- | -- |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | -- | -- |
Category average: the average of the 23 Equity Savings funds, same plan type.
HDFC BSE 500 ETF vs HSBC Equity Savings: Year-wise Returns
| Year | HDFC BSE 500 ETFHDFC BSE 500 ETF | HSBC Equity SavingsHSBC Equity Savings |
|---|---|---|
| 2026to date | −8.03% | +6.60% |
| 2025 | +7.30% | +1.76% |
| 2024 | +15.35% | +25.17% |
| 2023 | -- | +18.09% |
HDFC BSE 500 ETF vs HSBC Equity Savings: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of HDFC BSE 500 ETF
Rolling returns
Every 3-year holding period, 173 of them, one for each trading day from 16-02-2026 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.
HDFC BSE 500 ETF
HSBC Equity Savings Fund (Direct)
BSE 500 TRI
to
Mar 2026Apr 2023
to
Apr 2026Jun 2023
to
Jun 2026Jul 2023
to
Jul 2026Aug 2023
to
Aug 2026Oct 2023
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HDFC BSE 500 ETF | 0.0 | 0.0 | 17.3 | 66.5 | 16.2 | 0.0 | 0.0 | 12.6% | 12.5% | 8.1% | 17.4% | 0% |
| HSBC Equity Savings | 0.0 | 0.0 | 0.0 | 96.5 | 3.5 | 0.0 | 0.0 | 13.9% | 14.0% | 12.0% | 15.1% | 71% |
| BSE 500 TRI | 0.0 | 0.0 | 13.9 | 64.2 | 22.0 | 0.0 | 0.0 | 13.0% | 12.8% | 8.4% | 17.8% | -- |
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 BSE 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 15-02-2023. Past returns do not promise future returns.
HDFC BSE 500 ETF vs HSBC Equity Savings: 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 15-02-2023 to 30-10-2026: 45 instalments, ₹4,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC BSE 500 ETFHDFC BSE 500 ETF | ₹4,50,000 | ₹4,87,360 | ₹37,360 | 4.2% |
| HSBC Equity SavingsHSBC Equity Savings Fund (Direct) | ₹4,50,000 | ₹5,47,593 | ₹97,593 | 10.5% |
HDFC BSE 500 ETFHDFC BSE 500 ETF
HSBC Equity SavingsHSBC Equity Savings 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.
HDFC BSE 500 ETF vs HSBC Equity Savings: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC BSE 500 ETF | HSBC Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.93% | +6.04% |
| Standard deviation | 14.35% | 5.81% |
| Sharpe ratio | -0.92 | 0.14 |
| Sortino ratio | -1.21 | 0.19 |
| Maximum drawdown | −14.8% (31-03-2026) | −3.4% (21-01-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.28% | -- |
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 | HDFC BSE 500 ETF | HSBC Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.53% | +12.81% |
| Standard deviation | 14.18% | 7.16% |
| Sharpe ratio | 0.25 | 0.95 |
| Sortino ratio | 0.33 | 1.28 |
| Maximum drawdown | −18.8% (28-02-2025) | −11.5% (28-02-2025) |
| Beta | 1.00 | -- |
| Alpha | −0.36% | -- |
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 | HDFC BSE 500 ETF | HSBC Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.09% | +12.70% |
| Standard deviation | 13.35% | 6.51% |
| Sharpe ratio | 0.37 | 1.00 |
| Sortino ratio | 0.50 | 1.36 |
| Maximum drawdown | −18.8% (28-02-2025) | −11.5% (28-02-2025) |
| Beta | 1.00 | -- |
| Alpha | −0.35% | -- |
From daily NAVs, 15-02-2023 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.
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.
HDFC BSE 500 ETF
HSBC Equity Savings Fund (Direct)
BSE 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC BSE 500 ETF | −18.8% | 26-09-2024 | 28-02-2025 | Not yet | -- | −10.1% |
| HSBC Equity Savings Fund (Direct) | −11.5% | 02-01-2025 | 28-02-2025 | 10-09-2025 | 6 months | −1.9% |
| BSE 500 TRI | −18.7% | 26-09-2024 | 28-02-2025 | Not yet | -- | −9.4% |
From daily values since 15-02-2023, 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.
HDFC BSE 500 ETF
HSBC Equity Savings Fund (Direct)
BSE 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.
HDFC BSE 500 ETF
HSBC Equity Savings Fund (Direct)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC BSE 500 ETF | 99% | 101% | 0.05% |
| HSBC Equity Savings Fund (Direct) | 61% | 21% | 9.91% |
From month-end values since 15-02-2023. 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.
HDFC BSE 500 ETF vs HSBC Equity Savings: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC BSE 500 ETF, September 2026; HSBC Equity Savings Fund, September 2026
Holdings in common
- Overlap
- 38.0%
- Held by both
- 86
- Only in HDFC BSE 500 ETF
- 414
- Only in HSBC Equity Savings
- 26
| Security | % of HDFC BSE 500 ETF | % of HSBC Equity Savings |
|---|---|---|
| HDFC Bank Ltd. | 5.73% | 4.78% |
| ICICI Bank Ltd. | 5.02% | 3.64% |
| Reliance Industries Ltd. | 4.17% | 2.88% |
| State Bank of India | 2.11% | 3.14% |
| Axis Bank Ltd. | 1.86% | 3.45% |
| Kotak Mahindra Bank Limited | 1.63% | 1.72% |
| Mahindra & Mahindra Ltd. | 1.40% | 1.80% |
| Bajaj Finance Ltd. | 1.36% | 1.41% |
| Bharti Airtel Ltd. | 2.90% | 1.23% |
| Sun Pharmaceutical Industries Ltd. | 1.04% | 1.68% |
| Tata Steel Ltd. | 0.81% | 1.03% |
| JSW Steel Ltd. | 0.63% | 0.66% |
| Grasim Industries Ltd. | 0.61% | 0.63% |
| Divis Laboratories Ltd. | 0.61% | 1.05% |
| InterGlobe Aviation Ltd. | 0.59% | 0.96% |
| Bharat Electronics Ltd. | 0.75% | 0.58% |
| ADANI ENTERPRISES LIMTIED | 0.52% | 0.98% |
| LENSKART SOLUTIONS LIMITED | 0.49% | 1.89% |
| Meesho Limited | 0.47% | 1.46% |
| The Federal Bank Ltd. | 0.42% | 2.55% |
| Jio Financial Services Limited | 0.38% | 1.02% |
| Cholamandalam Investment & Finance Co. Ltd. | 0.37% | 0.70% |
| Adani Ports & Special Economic Zone | 0.74% | 0.35% |
| Tata Motors Passenger Vehicles Limited | 0.32% | 0.68% |
| Bharat Heavy Electricals Ltd. | 0.32% | 0.42% |
| Coforge Limited | 0.32% | 1.12% |
| CG Power and Industrial Solutions Ltd. | 0.31% | 0.66% |
| Indusind Bank Ltd. | 0.31% | 0.66% |
| Varun Beverages Ltd | 0.31% | 1.24% |
| Larsen and Toubro Ltd. | 2.32% | 0.29% |
| IDFC First Bank Limited | 0.29% | 0.76% |
| Life Insurance Corporation of India | 0.29% | 2.05% |
| HDFC Life Insurance Company Limited | 0.29% | 0.46% |
| GE Vernova T&D India Limited | 0.27% | 1.52% |
| Tata Consumer Products Limited | 0.32% | 0.26% |
| Indus Towers Limited | 0.26% | 0.31% |
| HDFC Asset Management Company Ltd. | 0.24% | 1.31% |
| Fsn Ecommerce Ventures Limited (Nykaa) | 0.23% | 0.82% |
| Polycab India Limited | 0.22% | 1.64% |
| Punjab National Bank | 0.21% | 0.69% |
| Canara Bank | 0.21% | 1.70% |
| Hitachi Energy India Ltd. | 0.20% | 1.32% |
| PB Fintech Limited | 0.20% | 0.33% |
| Bank of Baroda | 0.23% | 0.19% |
| Max Financial Services Ltd. | 0.19% | 0.18% |
| Radico Khaitan Limited | 0.18% | 0.71% |
| Aditya Birla Capital ltd. | 0.17% | 0.30% |
| Hindustan Unilever Ltd. | 0.89% | 0.16% |
| Eicher Motors Ltd. | 0.51% | 0.15% |
| Apar Industries Limited | 0.15% | 0.22% |
| Navin Fluorine International Ltd. | 0.14% | 0.85% |
| Steel Authority Of India Ltd. | 0.14% | 1.20% |
| TVS Motor Company Ltd. | 0.50% | 0.13% |
| ABB India Ltd. | 0.19% | 0.13% |
| RBL Bank Ltd. | 0.13% | 0.21% |
| Billionbrains Garage Ventures Limited (Groww) | 0.14% | 0.12% |
| Ambuja Cements Ltd. | 0.12% | 0.52% |
| Max Healthcare Institute Limited | 0.36% | 0.11% |
| DLF LIMITED | 0.23% | 0.11% |
| Godrej Consumer Products Ltd. | 0.18% | 0.11% |
| Kalyan Jewellers India Ltd | 0.11% | 0.34% |
| City Union Bank Ltd. | 0.11% | 0.30% |
| Nippon Life India Asset Management Limited | 0.10% | 0.24% |
| ICICI PRUDENTIAL ASSET MANAGEMENT COMPANY LIMITED | 0.10% | 0.68% |
| Bandhan Bank Ltd. | 0.09% | 0.77% |
| Bank of India | 0.08% | 0.09% |
| Container Corporation of India Ltd. | 0.08% | 0.45% |
| LIC Housing Finance Ltd. | 0.08% | 0.71% |
| Godrej Properties Ltd. | 0.11% | 0.07% |
| Hindustan Aeronautics Limited | 0.46% | 0.06% |
| KEI Industries Ltd. | 0.14% | 0.06% |
| KFin Technologies Ltd | 0.06% | 0.94% |
| Thermax Ltd. | 0.06% | 0.06% |
| Indian Energy Exchange Limited | 0.05% | 0.49% |
| Aditya Infotech Limited | 0.05% | 1.58% |
| Hero MotoCorp Ltd. | 0.35% | 0.04% |
| Dixon Technologies (India) Ltd. | 0.28% | 0.04% |
| Hindustan Zinc Ltd. | 0.14% | 0.04% |
| KAYNES TECHNOLOGY INDIA LIMITED | 0.05% | 0.04% |
| Godfrey Phillips India Ltd. | 0.04% | 0.61% |
| ITC LIMITED | 1.35% | 0.03% |
| Shriram Finance Ltd. | 0.72% | 0.02% |
| Indian Hotels Company Ltd. | 0.34% | 0.02% |
| Persistent Systems Limited | 0.30% | 0.02% |
| Eternal Limited | 1.22% | 0.01% |
| Hindalco Industries Ltd. | 0.72% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 38.0% means 38.0% 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 HDFC BSE 500 ETF
| Security | % of fund |
|---|---|
| Infosys Limited | 1.86% |
| Tata Consultancy Services Ltd. | 1.10% |
| Titan Company Ltd. | 0.99% |
| Maruti Suzuki India Limited | 0.81% |
| NTPC Limited | 0.81% |
Largest holdings only in HSBC Equity Savings Fund
| Security | % of fund |
|---|---|
| 7.06% GOI - 10-Apr-2028 | 2.94% |
| 6.36% GOI 16-Feb-2031 | 2.54% |
| 364 Days Treasury Bill 28-Jan-2027 | 1.58% |
| 364 Days Treasury Bill 04-Feb-2027 | 1.57% |
| REC Limited | 1.56% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC BSE 500 ETF | HSBC Equity Savings |
|---|---|---|
| Equity | 100.0% | 73.3% |
| Debt | 0.0% | 21.1% |
| Cash and others | -0.0% | 5.6% |
Market cap of stocks
| Market cap | HDFC BSE 500 ETF | HSBC Equity Savings |
|---|---|---|
| Large Cap | 67.0% | 49.2% |
| Mid Cap | 21.7% | 15.9% |
| Small Cap | 11.3% | 7.2% |
| Not on AMFI's list | 0.0% | 1.1% |
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 | HDFC BSE 500 ETF | HSBC Equity Savings |
|---|---|---|
| Banks | 19.4% | 24.6% |
| Finance | 6.5% | 4.2% |
| Pharmaceuticals & Biotechnology | 5.8% | 2.7% |
| IT - Software | 5.8% | 1.1% |
| Petroleum Products | 5.0% | 2.9% |
| Automobiles | 4.9% | 2.8% |
| Electrical Equipment | 2.4% | 4.5% |
| Retailing | 3.9% | 4.2% |
| Capital Markets | 1.8% | 3.8% |
| Ferrous Metals | 2.0% | 2.9% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC BSE 500 ETF vs HSBC Equity Savings: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC BSE 500 ETF | HSBC Equity Savings Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.41% |
| Base expense ratio (Direct) | 0.00% | 0.51% |
| Total expense ratio (Regular) | Not available | 2.40% |
| Base expense ratio (Regular) | 0.25% | 1.35% |
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
HDFC BSE 500 ETF vs HSBC Equity Savings Fund: Frequently Asked Questions
What is the difference between HDFC BSE 500 ETF and HSBC Equity Savings Fund?
HDFC BSE 500 ETF is an ETF fund, HSBC Equity Savings Fund is an Equity Savings fund, run by HDFC Mutual Fund and HSBC Mutual Fund. Their portfolios overlap 38.0%. HDFC BSE 500 ETF charges 0.32% a year and HSBC Equity Savings Fund 1.41%.
Which has given higher returns, HDFC BSE 500 ETF or HSBC Equity Savings Fund?
Over 1 year: HDFC BSE 500 ETF −7.93%, HSBC Equity Savings Fund +6.04%. Over 3 years: HDFC BSE 500 ETF +9.53% a year, HSBC Equity Savings Fund +12.81% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC BSE 500 ETF or HSBC Equity Savings Fund?
HDFC BSE 500 ETF charges less: 0.32% a year against 1.41%. These are the total expense ratios reported to AMFI.
How much do HDFC BSE 500 ETF and HSBC Equity Savings Fund overlap?
38.0%. They hold 86 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, HDFC BSE 500 ETF or HSBC Equity Savings Fund?
On SEBI's riskometer, HDFC BSE 500 ETF is rated Very High and HSBC Equity Savings Fund Low to Moderate. Over 3 years, the standard deviation of daily returns was 14.18% and 7.16% a year.
Which is better for SIP, HDFC BSE 500 ETF or HSBC Equity Savings Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,74,416 in HDFC BSE 500 ETF (XIRR 0.8% a year) and ₹4,25,484 in HSBC Equity Savings Fund (XIRR 9.1% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both HDFC BSE 500 ETF and HSBC Equity Savings Fund?
Yes. 38.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HDFC BSE 500 ETF and HSBC Equity Savings Fund?
HDFC BSE 500 ETF: Abhishek Mor, Nandita Menezes, Arun Agarwal. HSBC Equity Savings Fund: Cheenu Gupta, Praveen Ayathan, Mahesh Chhabria, Mohd. Asif Rizwi, Mayank Chaturvedi, Dipan S. Parikh.
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.