HDFC BSE REITS and Commercial Real Estate Index Fund vs HDFC NIFTY Realty Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC BSE REITS and Commercial Real Estate Index Fund is an Index fund and HDFC NIFTY Realty Index Fund is an Index fund. HDFC BSE REITS and Commercial Real Estate Index Fund charges 5.45% a year and HDFC NIFTY Realty Index Fund 0.54% (Direct plans). Their portfolios overlap 32.6%: they hold 5 of the same securities.
HDFC BSE REITS and Commercial Real Estate Index Fund
Index
- Expense ratio
- 5.45%
- NAV
- ₹9.45
Which is better, HDFC BSE REITS and Commercial Real Estate Index or HDFC NIFTY Realty 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 Realty Index costs less: 0.54% a year against 5.45% (Direct plans).
- HDFC BSE REITS and Commercial Real Estate Index fell less in its worst fall since 15-09-2026: −6.8% against −10.0%.
- HDFC NIFTY Realty Index holds more in large companies: 20.4% of the fund in large caps against 0.0%.
- HDFC NIFTY Realty Index is the larger fund: ₹176 Cr against ₹32 Cr.
- Their portfolios overlap 32.6%: 5 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 REITS and Commercial Real Estate Index Fund | HDFC NIFTY Realty Index Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | HDFC Mutual Fund |
| Category | Index | Index |
| AUM | ₹32 Cr (30-09-2026) | ₹176 Cr (30-09-2026) |
| NAV | ₹9.45 (Direct) | ₹9.14 (Direct) |
| Expense ratio (Direct) | 5.45% | 0.54% |
| Expense ratio (Regular) | 6.08% | 1.00% |
| Riskometer | Very High | Very High |
| Benchmark | BSE REITS and Commercial Real Estate TRI | Nifty Realty TRI |
| Launch date | 22-09-2026 | 26-03-2024 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Nandita Menezes, Arun Agarwal | Nandita Menezes, Arun Agarwal |
| Exit load | In respect of each purchase / switch-in of Units, an Exit Load of 0.50% is payable if Units are redeemed / switched-out within 3 months from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out on or after 3 months from the date of allotment. | NIL |
HDFC BSE REITS and Commercial Real Estate Index vs HDFC NIFTY Realty 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 |
|---|---|---|---|---|---|---|---|
| HDFC BSE REITS and Commercial Real Estate Index Fund (Direct) | −4.33% | -- | -- | -- | -- | -- | -- |
| HDFC NIFTY Realty Index Fund (Direct) | −3.97% | −9.57% | +2.72% | −14.45% | -- | -- | -- |
HDFC BSE REITS and Commercial Real Estate Index vs HDFC NIFTY Realty Index: Year-wise Returns
| Year | BSE REITS and Commercial Real EstateHDFC BSE REITS and Commercial Real Estate Index | NIFTY RealtyHDFC NIFTY Realty Index |
|---|---|---|
| 2026to date | -- | −7.28% |
| 2025 | -- | −16.61% |
HDFC BSE REITS and Commercial Real Estate Index vs HDFC NIFTY Realty Index: Rolling Returns
Every holding period of both funds, against BSE REITS and Commercial Real Estate TRI, the benchmark of HDFC BSE REITS and Commercial Real Estate Index Fund
HDFC BSE REITS and Commercial Real Estate Index vs HDFC NIFTY Realty Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC BSE REITS and Commercial Real Estate Index Fund (Direct) | HDFC NIFTY Realty Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −37.06% | −3.38% |
| Standard deviation | 10.60% | 27.40% |
| Sharpe ratio | -4.01 | -0.34 |
| Sortino ratio | -4.23 | -0.46 |
| Maximum drawdown | −6.8% (23-10-2026) | −43.5% (31-03-2026) |
| Beta | 0.75 | 1.00 |
| Alpha | −19.38% | −0.48% |
From daily NAVs, 15-09-2026 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 REITS and Commercial Real Estate Index Fund (Direct)
HDFC NIFTY Realty Index Fund (Direct)
BSE REITS and Commercial Real Estate TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC BSE REITS and Commercial Real Estate Index Fund (Direct) | −6.8% | 15-09-2026 | 23-10-2026 | Not yet | -- | −5.5% |
| HDFC NIFTY Realty Index Fund (Direct) | −10.0% | 23-09-2026 | 23-10-2026 | Not yet | -- | −6.6% |
| BSE REITS and Commercial Real Estate TRI | −6.8% | 23-09-2026 | 23-10-2026 | Not yet | -- | −5.5% |
From daily values since 15-09-2026, the first day every fund has.
HDFC BSE REITS and Commercial Real Estate Index vs HDFC NIFTY Realty Index: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC BSE REITS and Commercial Real Estate Index Fund, September 2026; HDFC NIFTY Realty Index Fund, September 2026
Holdings in common
- Overlap
- 32.6%
- Held by both
- 5
- Only in HDFC BSE REITS and Commercial Real Estate Index
- 9
- Only in HDFC NIFTY Realty Index
- 5
| Security | % of HDFC BSE REITS and Commercial Real Estate Index | % of HDFC NIFTY Realty Index |
|---|---|---|
| The Phoenix Mills Limited | 12.01% | 17.05% |
| Prestige Estates Projects Ltd. | 8.25% | 11.79% |
| Oberoi Realty Ltd. | 6.85% | 9.80% |
| Brigade Enterprises Limited. | 3.55% | 5.03% |
| Aditya Birla Real Estate Limited | 1.97% | 2.81% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 32.6% means 32.6% 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 HDFC BSE REITS and Commercial Real Estate Index Fund
| Security | % of fund |
|---|---|
| Embassy Office Parks REIT | 20.29% |
| BROOKFIELD INDIA REAL ESTATE TRUST | 15.85% |
| Nexus Select Trust REIT | 13.84% |
| Mindspace Business Parks REIT | 7.67% |
| Bagmane Prime Office REIT | 4.41% |
Largest holdings only in HDFC NIFTY Realty Index Fund
| Security | % of fund |
|---|---|
| DLF LIMITED | 20.38% |
| Lodha Developers Limited | 15.90% |
| Godrej Properties Ltd. | 10.39% |
| ANANT RAJ LIMITED | 4.31% |
| Sobha Ltd. | 2.57% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC BSE REITS and Commercial Real Estate Index | HDFC NIFTY Realty Index |
|---|---|---|
| Equity | 34.3% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 65.7% | -0.0% |
Market cap of stocks
| Market cap | HDFC BSE REITS and Commercial Real Estate Index | HDFC NIFTY Realty Index |
|---|---|---|
| Large Cap | 0.0% | 20.4% |
| Mid Cap | 27.1% | 64.9% |
| Small Cap | 7.2% | 14.7% |
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 REITS and Commercial Real Estate Index | HDFC NIFTY Realty Index |
|---|---|---|
| Realty | 34.3% | 100.0% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC BSE REITS and Commercial Real Estate Index vs HDFC NIFTY Realty Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC BSE REITS and Commercial Real Estate Index Fund | HDFC NIFTY Realty Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 5.45% | 0.54% |
| Base expense ratio (Direct) | 0.30% | 0.32% |
| Total expense ratio (Regular) | 6.08% | 1.00% |
| Base expense ratio (Regular) | 0.85% | 0.72% |
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.
HDFC BSE REITS and Commercial Real Estate Index Fund vs HDFC NIFTY Realty Index Fund: Frequently Asked Questions
What is the difference between HDFC BSE REITS and Commercial Real Estate Index Fund and HDFC NIFTY Realty Index Fund?
HDFC BSE REITS and Commercial Real Estate Index Fund is an Index fund, HDFC NIFTY Realty Index Fund is an Index fund, run by HDFC Mutual Fund. Their portfolios overlap 32.6%. HDFC BSE REITS and Commercial Real Estate Index Fund charges 5.45% a year and HDFC NIFTY Realty Index Fund 0.54%.
Which has the lower expense ratio, HDFC BSE REITS and Commercial Real Estate Index Fund or HDFC NIFTY Realty Index Fund?
HDFC NIFTY Realty Index Fund charges less: 0.54% a year against 5.45%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC BSE REITS and Commercial Real Estate Index Fund and HDFC NIFTY Realty Index Fund overlap?
32.6%. They hold 5 of the same securities, the largest shared ones being PHOENIXLTD, PRESTIGE, OBEROIRLTY. From each fund's latest monthly portfolio.
Which is riskier, HDFC BSE REITS and Commercial Real Estate Index Fund or HDFC NIFTY Realty Index Fund?
On SEBI's riskometer, HDFC BSE REITS and Commercial Real Estate Index Fund is rated Very High and HDFC NIFTY Realty Index Fund Very High. Over their common history, the standard deviation of daily returns was 10.60% and 27.40% a year.
Can I invest in both HDFC BSE REITS and Commercial Real Estate Index Fund and HDFC NIFTY Realty Index Fund?
Yes. 32.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HDFC BSE REITS and Commercial Real Estate Index Fund and HDFC NIFTY Realty Index Fund?
HDFC BSE REITS and Commercial Real Estate Index Fund: Nandita Menezes, Arun Agarwal. HDFC NIFTY Realty 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.