HDFC BSE REITS and Commercial Real Estate Index Fund vs Parag Parikh Dynamic Asset Allocation 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 Parag Parikh Dynamic Asset Allocation Fund is a Balanced Advantage fund. HDFC BSE REITS and Commercial Real Estate Index Fund charges 5.45% a year and Parag Parikh Dynamic Asset Allocation Fund 0.41% (Direct plans). Their portfolios overlap 13.7%: they hold 3 of the same securities.
HDFC BSE REITS and Commercial Real Estate Index Fund
Index
- Expense ratio
- 5.45%
- NAV
- ₹9.45
Parag Parikh Dynamic Asset Allocation Fund
Balanced Advantage
- Expense ratio
- 0.41%
- NAV
- ₹11.63
Which is better, HDFC BSE REITS and Commercial Real Estate Index or Parag Parikh Dynamic Asset Allocation? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Parag Parikh Dynamic Asset Allocation costs less: 0.41% a year against 5.45% (Direct plans).
- Parag Parikh Dynamic Asset Allocation fell less in its worst fall since 15-09-2026: −2.1% against −6.8%.
- Parag Parikh Dynamic Asset Allocation is the larger fund: ₹2,533 Cr against ₹32 Cr.
- Their portfolios overlap 13.7%: 3 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 | Parag Parikh Dynamic Asset Allocation Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | PPFAS Mutual Fund |
| Category | Index | Balanced Advantage |
| AUM | ₹32 Cr (30-09-2026) | ₹2,533 Cr (30-09-2026) |
| NAV | ₹9.45 (Direct) | ₹11.63 (Direct) |
| Expense ratio (Direct) | 5.45% | 0.41% |
| Expense ratio (Regular) | 6.08% | 0.76% |
| Riskometer | Very High | Moderately High |
| Benchmark | BSE REITS and Commercial Real Estate TRI | CRISIL Hybrid 50+50 - Moderate Index |
| Launch date | 22-09-2026 | 27-02-2024 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Nandita Menezes, Arun Agarwal | Rajeev Thakkar, Raunak Onkar, Rukun Tarachandani, Raj Mehta, Tejas Soman, Mansi Kariya |
| 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. | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year. |
HDFC BSE REITS and Commercial Real Estate Index vs Parag Parikh Dynamic Asset Allocation: 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% | -- | -- | -- | -- | -- | -- |
| Parag Parikh Dynamic Asset Allocation Fund (Direct) | −1.31% | −1.92% | −0.55% | +1.10% | -- | -- | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | -- | -- | -- |
Category average: the average of the 38 Balanced Advantage funds, same plan type.
HDFC BSE REITS and Commercial Real Estate Index vs Parag Parikh Dynamic Asset Allocation: Year-wise Returns
| Year | HDFC BSE REITS and Commercial Real Estate IndexHDFC BSE REITS and Commercial Real Estate Index | Parag Parikh Dynamic Asset AllocationParag Parikh Dynamic Asset Allocation |
|---|---|---|
| 2026to date | -- | +0.89% |
| 2025 | -- | +5.90% |
HDFC BSE REITS and Commercial Real Estate Index vs Parag Parikh Dynamic Asset Allocation: 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 Parag Parikh Dynamic Asset Allocation: 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) | Parag Parikh Dynamic Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −37.06% | +5.92% |
| Standard deviation | 10.60% | 2.78% |
| Sharpe ratio | -4.01 | 0.00 |
| Sortino ratio | -4.23 | 0.00 |
| Maximum drawdown | −6.8% (23-10-2026) | −2.5% (23-10-2026) |
| Beta | 0.75 | -- |
| Alpha | −19.38% | -- |
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)
Parag Parikh Dynamic Asset Allocation 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% |
| Parag Parikh Dynamic Asset Allocation Fund (Direct) | −2.1% | 23-09-2026 | 23-10-2026 | Not yet | -- | −1.8% |
| 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 Parag Parikh Dynamic Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC BSE REITS and Commercial Real Estate Index Fund, September 2026; Parag Parikh Dynamic Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 13.7%
- Held by both
- 3
- Only in HDFC BSE REITS and Commercial Real Estate Index
- 11
- Only in Parag Parikh Dynamic Asset Allocation
- 61
| Security | % of HDFC BSE REITS and Commercial Real Estate Index | % of Parag Parikh Dynamic Asset Allocation |
|---|---|---|
| BROOKFIELD INDIA REAL ESTATE TRUST | 15.85% | 5.60% |
| Embassy Office Parks REIT | 20.29% | 5.57% |
| KNOWLEDGE REALTY TRUST | 4.23% | 2.50% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 13.7% means 13.7% 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 |
|---|---|
| Nexus Select Trust REIT | 13.84% |
| The Phoenix Mills Limited | 12.01% |
| Prestige Estates Projects Ltd. | 8.25% |
| Mindspace Business Parks REIT | 7.67% |
| Oberoi Realty Ltd. | 6.85% |
Largest holdings only in Parag Parikh Dynamic Asset Allocation Fund
| Security | % of fund |
|---|---|
| 7.21% Tamilnadu SDL (MD 21/01/2032) | 3.88% |
| 7.12% Tamilnadu SDL (MD 18/02/2032) | 3.87% |
| Coal India Limited | 3.02% |
| 7.72% Maharashtra SDL (MD 01/03/2031) | 2.99% |
| 7.49% Embassy Off Park RE NCD Sr XVII (22/06/2029) | 2.92% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC BSE REITS and Commercial Real Estate Index | Parag Parikh Dynamic Asset Allocation |
|---|---|---|
| Equity | 34.3% | 14.7% |
| Debt | 0.0% | 57.9% |
| Cash and others | 65.7% | 27.4% |
Market cap of stocks
| Market cap | HDFC BSE REITS and Commercial Real Estate Index | Parag Parikh Dynamic Asset Allocation |
|---|---|---|
| Large Cap | 0.0% | 9.1% |
| Mid Cap | 27.1% | 2.8% |
| Small Cap | 7.2% | 2.8% |
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 | Parag Parikh Dynamic Asset Allocation |
|---|---|---|
| Realty | 34.3% | 0.0% |
| Consumable Fuels | 0.0% | 3.0% |
| Gas | 0.0% | 2.8% |
| Power | 0.0% | 2.6% |
| Diversified FMCG | 0.0% | 2.5% |
| Commercial Services & Supplies | 0.0% | 1.1% |
| Industrial Products | 0.0% | 1.0% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC BSE REITS and Commercial Real Estate Index vs Parag Parikh Dynamic Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC BSE REITS and Commercial Real Estate Index Fund | Parag Parikh Dynamic Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 5.45% | 0.41% |
| Base expense ratio (Direct) | 0.30% | 0.23% |
| Total expense ratio (Regular) | 6.08% | 0.76% |
| Base expense ratio (Regular) | 0.85% | 0.53% |
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 Parag Parikh Dynamic Asset Allocation with
- Parag Parikh Dynamic Asset Allocation vs quant Dynamic Asset Allocation
- Parag Parikh Dynamic Asset Allocation vs Aditya Birla Sun Life Balanced Advantage
- Parag Parikh Dynamic Asset Allocation vs Baroda BNP Paribas Balanced Advantage
- Parag Parikh Dynamic Asset Allocation vs Axis Balanced Advantage
- Parag Parikh Dynamic Asset Allocation vs WhiteOak Capital Balanced Advantage
HDFC BSE REITS and Commercial Real Estate Index Fund vs Parag Parikh Dynamic Asset Allocation Fund: Frequently Asked Questions
What is the difference between HDFC BSE REITS and Commercial Real Estate Index Fund and Parag Parikh Dynamic Asset Allocation Fund?
HDFC BSE REITS and Commercial Real Estate Index Fund is an Index fund, Parag Parikh Dynamic Asset Allocation Fund is a Balanced Advantage fund, run by HDFC Mutual Fund and PPFAS Mutual Fund. Their portfolios overlap 13.7%. HDFC BSE REITS and Commercial Real Estate Index Fund charges 5.45% a year and Parag Parikh Dynamic Asset Allocation Fund 0.41%.
Which has the lower expense ratio, HDFC BSE REITS and Commercial Real Estate Index Fund or Parag Parikh Dynamic Asset Allocation Fund?
Parag Parikh Dynamic Asset Allocation Fund charges less: 0.41% 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 Parag Parikh Dynamic Asset Allocation Fund overlap?
13.7%. They hold 3 of the same securities, the largest shared ones being BIRET-RR, EMBASSY-RR, KRT. From each fund's latest monthly portfolio.
Which is riskier, HDFC BSE REITS and Commercial Real Estate Index Fund or Parag Parikh Dynamic Asset Allocation Fund?
On SEBI's riskometer, HDFC BSE REITS and Commercial Real Estate Index Fund is rated Very High and Parag Parikh Dynamic Asset Allocation Fund Moderately High. Over their common history, the standard deviation of daily returns was 10.60% and 2.78% a year.
Can I invest in both HDFC BSE REITS and Commercial Real Estate Index Fund and Parag Parikh Dynamic Asset Allocation Fund?
Yes. 13.7% 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 Parag Parikh Dynamic Asset Allocation Fund?
HDFC BSE REITS and Commercial Real Estate Index Fund: Nandita Menezes, Arun Agarwal. Parag Parikh Dynamic Asset Allocation Fund: Rajeev Thakkar, Raunak Onkar, Rukun Tarachandani, Raj Mehta, Tejas Soman, Mansi Kariya.
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.