HDFC BSE Sensex ETF vs Tata Equity Savings Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
HDFC BSE Sensex ETF is an ETF fund and Tata Equity Savings Fund is an Equity Savings fund. In the 3 years to 30-10-2026, HDFC BSE Sensex ETF returned 6.2% a year and Tata Equity Savings Fund (Direct) returned 10.6% a year. HDFC BSE Sensex ETF charges 0.05% a year and Tata Equity Savings Fund 0.60%. Their portfolios overlap 43.2%: they hold 19 of the same securities.
Tata Equity Savings Fund is closed. It has not published a NAV since 20-02-2026. Its figures stop there.
Tata Equity Savings Fund
Equity Savings
- 3 year return
- 10.6%
- Expense ratio
- 0.60%
- NAV
- ₹63.75
Which is better, HDFC BSE Sensex ETF or Tata 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.
- Tata Equity Savings returned more over 5 years: 8.9% a year against 5.9%.
- Tata Equity Savings returned more over 3 years: 10.6% a year against 6.2%.
- HDFC BSE Sensex ETF costs less: 0.05% a year against 0.60%.
- Tata Equity Savings swung less over 3 years: a standard deviation of 3.5% a year against 13.3%.
- Tata Equity Savings fell less in its worst fall since 09-12-2015: −13.8% against −37.9%.
- HDFC BSE Sensex ETF holds more in large companies: 100.0% of the fund in large caps against 62.3%.
- HDFC BSE Sensex ETF is the larger fund: ₹510 Cr against ₹285 Cr.
- Their portfolios overlap 43.2%: 19 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 Sensex ETF | Tata Equity Savings Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | Tata Mutual Fund |
| Category | ETF | Equity Savings |
| AUM | ₹510 Cr (30-09-2026) | ₹285 Cr (31-01-2026) |
| NAV | ₹84.59 | ₹63.75 (Direct) |
| Expense ratio (Direct) | Not available | 0.60% |
| Expense ratio (Regular) | Not available | 1.15% |
| Riskometer | Very High | Low to Moderate |
| Benchmark | BSE SENSEX TRI | NIFTY Equity Savings Index |
| Launch date | 09-12-2015 | 05-05-1997 |
| Minimum investment | On an On-going Basis: A. On the Stock Exchange: All categories of investors may purchase the Units of the Scheme through the Stock Exchange(s) on which the units of the Scheme are listed, on any trading day in round lot of one (1) Unit and multiples there | ₹5,000 |
| Lock in | None | None |
| Fund managers | Abhishek Mor, Arun Agarwal | Murthy Nagarajan, Sailesh Jain, Tapan Patel |
| Exit load | Not available | Redemption / Switch out / SWP / STP before expiry of 7 days from the date of allotment - 0.25% of NAV; Redemption / Switch out / SWP / STP after expiry of 7 days from the date of allotment - NIL |
HDFC BSE Sensex ETF vs Tata 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 Sensex ETF | +2.77% | −4.30% | −2.42% | −10.97% | +6.24% | +5.86% | +11.54% |
| Tata Equity Savings Fund (Direct) | +0.39% | +0.03% | +2.15% | +7.54% | +10.58% | +8.92% | +9.11% |
HDFC BSE Sensex ETF vs Tata Equity Savings: Year-wise Returns
| Year | HDFC BSE Sensex ETFHDFC BSE Sensex ETF | Tata Equity SavingsTata Equity Savings |
|---|---|---|
| 2026to date | −11.86% | −0.30% |
| 2025 | +10.32% | +7.28% |
| 2024 | +9.37% | +11.89% |
| 2023 | +20.31% | +13.39% |
| 2022 | +5.76% | +4.09% |
| 2021 | +23.11% | +12.19% |
HDFC BSE Sensex ETF vs Tata Equity Savings: Rolling Returns
Every holding period of both funds, against BSE SENSEX TRI, the benchmark of HDFC BSE Sensex ETF
Rolling returns
Every 3-year holding period, 1,948 of them, one for each trading day from 10-12-2018 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 Sensex ETF
Tata Equity Savings Fund (Direct)
BSE SENSEX TRI
to
Jul 2019Nov 2017
to
Nov 2020Apr 2019
to
Apr 2022Aug 2020
to
Aug 2023Dec 2021
to
Dec 2024Mar 2023
to
Mar 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 Sensex ETF | 0.3 | 4.1 | 12.5 | 40.5 | 33.5 | 6.8 | 2.4 | 14.0% | 14.5% | −2.8% | 32.0% | 4% |
| Tata Equity Savings | 0.0 | 8.0 | 58.9 | 33.1 | 0.0 | 0.0 | 0.0 | 8.7% | 9.3% | 0.9% | 13.7% | 2% |
| BSE SENSEX TRI | 0.3 | 3.9 | 12.5 | 39.3 | 34.7 | 6.9 | 2.4 | 14.1% | 14.6% | −2.8% | 32.1% | -- |
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 BSE SENSEX 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 09-12-2015. Past returns do not promise future returns.
HDFC BSE Sensex ETF vs Tata 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 09-12-2015 to 30-10-2026: 131 instalments, ₹13,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC BSE Sensex ETFHDFC BSE Sensex ETF | ₹13,10,000 | ₹23,50,839 | ₹10,40,839 | 10.3% |
| Tata Equity SavingsTata Equity Savings Fund (Direct) | ₹12,30,000 | ₹19,79,012 | ₹7,49,012 | 9.0% |
HDFC BSE Sensex ETFHDFC BSE Sensex ETF
Tata Equity SavingsTata 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 Sensex ETF vs Tata Equity Savings: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC BSE Sensex ETF | Tata Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.97% | +7.54% |
| Standard deviation | 13.99% | 2.70% |
| Sharpe ratio | -1.16 | 0.72 |
| Sortino ratio | -1.55 | 1.11 |
| Maximum drawdown | −16.1% (31-03-2026) | −1.1% (23-01-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.07% | -- |
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 Sensex ETF | Tata Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.24% | +10.58% |
| Standard deviation | 13.26% | 3.54% |
| Sharpe ratio | 0.02 | 1.19 |
| Sortino ratio | 0.02 | 1.65 |
| Maximum drawdown | −16.1% (31-03-2026) | −2.5% (04-06-2024) |
| Beta | 1.00 | -- |
| Alpha | −0.08% | -- |
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 Sensex ETF | Tata Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.86% | +8.92% |
| Standard deviation | 13.76% | 4.22% |
| Sharpe ratio | 0.00 | 0.81 |
| Sortino ratio | 0.01 | 1.11 |
| Maximum drawdown | −16.1% (31-03-2026) | −4.4% (17-06-2022) |
| Beta | 1.00 | -- |
| Alpha | −0.06% | -- |
From daily NAVs, 29-10-2021 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 Sensex ETF | Tata Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.84% | +8.55% |
| Standard deviation | 16.01% | 4.83% |
| Sharpe ratio | 0.40 | 0.51 |
| Sortino ratio | 0.55 | 0.69 |
| Maximum drawdown | −37.9% (23-03-2020) | −13.8% (23-03-2020) |
| Beta | 1.00 | -- |
| Alpha | −0.03% | -- |
From daily NAVs, 09-12-2015 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 Sensex ETF
Tata Equity Savings Fund (Direct)
BSE SENSEX TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC BSE Sensex ETF | −37.9% | 14-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −12.4% |
| Tata Equity Savings Fund (Direct) | −13.8% | 12-02-2020 | 23-03-2020 | 18-08-2020 | 5 months | −0.6% |
| BSE SENSEX TRI | −37.9% | 14-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −12.4% |
From daily values since 09-12-2015, 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 Sensex ETF
Tata Equity Savings Fund (Direct)
BSE SENSEX 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 Sensex ETF
Tata Equity Savings Fund (Direct)
BSE SENSEX TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
HDFC BSE Sensex ETF
Tata Equity Savings Fund (Direct)
BSE SENSEX TRI
Against BSE SENSEX TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC BSE Sensex ETF | 100% | 100% | 0.15% |
| Tata Equity Savings Fund (Direct) | 39% | 17% | 11.28% |
From month-end values since 09-12-2015. 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 Sensex ETF vs Tata Equity Savings: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC BSE Sensex ETF, September 2026; Tata Equity Savings Fund, January 2026
Holdings in common
- Overlap
- 43.2%
- Held by both
- 19
- Only in HDFC BSE Sensex ETF
- 11
- Only in Tata Equity Savings
- 26
| Security | % of HDFC BSE Sensex ETF | % of Tata Equity Savings |
|---|---|---|
| HDFC Bank Ltd. | 12.59% | 7.10% |
| ICICI Bank Ltd. | 11.03% | 5.79% |
| Bharti Airtel Ltd. | 6.38% | 5.79% |
| State Bank of India | 4.64% | 6.10% |
| Larsen and Toubro Ltd. | 5.11% | 4.53% |
| Reliance Industries Ltd. | 9.15% | 4.26% |
| Axis Bank Ltd. | 4.08% | 5.51% |
| NTPC Limited | 1.78% | 4.21% |
| Adani Ports & Special Economic Zone | 1.63% | 3.79% |
| Bajaj Finserv Ltd. | 1.13% | 0.70% |
| Tata Consultancy Services Ltd. | 2.41% | 0.60% |
| InterGlobe Aviation Ltd. | 1.30% | 0.43% |
| Hindustan Unilever Ltd. | 1.95% | 0.42% |
| Sun Pharmaceutical Industries Ltd. | 2.28% | 0.33% |
| Titan Company Ltd. | 2.18% | 0.29% |
| UltraTech Cement Limited | 1.50% | 0.29% |
| Power Grid Corporation of India Ltd. | 1.38% | 0.24% |
| ITC LIMITED | 2.96% | 0.18% |
| Tata Steel Ltd. | 1.77% | 0.11% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 43.2% means 43.2% 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 Sensex ETF
| Security | % of fund |
|---|---|
| Infosys Limited | 4.08% |
| Kotak Mahindra Bank Limited | 3.57% |
| Mahindra & Mahindra Ltd. | 3.07% |
| Bajaj Finance Ltd. | 2.99% |
| Eternal Limited | 2.69% |
Largest holdings only in Tata Equity Savings Fund
| Security | % of fund |
|---|---|
| GOI - 7.10% (08/04/2034) | 10.78% |
| AUROBINDO PHARMA LTD. | 3.34% |
| SBI LIFE INSURANCE COMPANY LTD. | 3.21% |
| AMBUJA CEMENTS LTD. | 3.09% |
| TATA MOTORS PASSENGER VEHICLES LTD. | 3.09% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC BSE Sensex ETF | Tata Equity Savings |
|---|---|---|
| Equity | 100.0% | 69.7% |
| Debt | 0.0% | 14.3% |
| Cash and others | 0.0% | 16.0% |
Market cap of stocks
| Market cap | HDFC BSE Sensex ETF | Tata Equity Savings |
|---|---|---|
| Large Cap | 100.0% | 62.3% |
| Mid Cap | 0.0% | 6.7% |
| Small Cap | 0.0% | 0.7% |
| Not on AMFI's list | 0.0% | 0.1% |
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 Sensex ETF | Tata Equity Savings |
|---|---|---|
| Banks | 35.9% | 24.5% |
| Petroleum Products | 9.2% | 4.3% |
| IT - Software | 9.1% | 1.9% |
| Telecom - Services | 6.4% | 5.9% |
| Construction | 5.1% | 4.5% |
| Diversified FMCG | 4.9% | 0.6% |
| Power | 3.2% | 4.5% |
| Pharmaceuticals & Biotechnology | 2.3% | 4.0% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC BSE Sensex ETF vs Tata Equity Savings: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC BSE Sensex ETF | Tata Equity Savings Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.60% |
| Base expense ratio (Direct) | 0.00% | 0.54% |
| Total expense ratio (Regular) | Not available | 1.15% |
| Base expense ratio (Regular) | 0.04% | 1.09% |
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 Sensex ETF vs Tata Equity Savings Fund: Frequently Asked Questions
What is the difference between HDFC BSE Sensex ETF and Tata Equity Savings Fund?
HDFC BSE Sensex ETF is an ETF fund, Tata Equity Savings Fund is an Equity Savings fund, run by HDFC Mutual Fund and Tata Mutual Fund. Their portfolios overlap 43.2%. HDFC BSE Sensex ETF charges 0.05% a year and Tata Equity Savings Fund 0.60%.
Which has given higher returns, HDFC BSE Sensex ETF or Tata Equity Savings Fund?
Over 1 year: HDFC BSE Sensex ETF −10.97%, Tata Equity Savings Fund +7.54%. Over 3 years: HDFC BSE Sensex ETF +6.24% a year, Tata Equity Savings Fund +10.58% a year. Over 5 years: HDFC BSE Sensex ETF +5.86% a year, Tata Equity Savings Fund +8.92% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC BSE Sensex ETF or Tata Equity Savings Fund?
HDFC BSE Sensex ETF charges less: 0.05% a year against 0.60%. These are the total expense ratios reported to AMFI.
How much do HDFC BSE Sensex ETF and Tata Equity Savings Fund overlap?
43.2%. They hold 19 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, HDFC BSE Sensex ETF or Tata Equity Savings Fund?
On SEBI's riskometer, HDFC BSE Sensex ETF is rated Very High and Tata Equity Savings Fund Low to Moderate. Over 3 years, the standard deviation of daily returns was 13.26% and 3.54% a year.
Which is better for SIP, HDFC BSE Sensex ETF or Tata Equity Savings Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹6,78,847 in HDFC BSE Sensex ETF (XIRR 4.2% a year) and ₹6,46,102 in Tata Equity Savings Fund (XIRR 9.0% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both HDFC BSE Sensex ETF and Tata Equity Savings Fund?
Yes. 43.2% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages HDFC BSE Sensex ETF and Tata Equity Savings Fund?
HDFC BSE Sensex ETF: Abhishek Mor, Arun Agarwal. Tata Equity Savings Fund: Murthy Nagarajan, Sailesh Jain, Tapan Patel.
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.