HDFC BSE Sensex ETF vs UTI BSE Sensex Index 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 UTI BSE Sensex Index Fund is an Index fund. In the 3 years to 30-10-2026, HDFC BSE Sensex ETF returned 6.2% a year and UTI BSE Sensex Index Fund (Direct) returned 6.1% a year. HDFC BSE Sensex ETF charges 0.05% a year and UTI BSE Sensex Index Fund 0.23%. Their portfolios overlap 100.0%: they hold 30 of the same securities.
UTI BSE Sensex Index Fund
Index
- 3 year return
- 6.1%
- Expense ratio
- 0.23%
- NAV
- ₹13.47
Which is better, HDFC BSE Sensex ETF or UTI BSE Sensex 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 BSE Sensex ETF returned more over 3 years: 6.2% a year against 6.1%.
- HDFC BSE Sensex ETF returned more over 1 year: −11.0% against −11.1%.
- HDFC BSE Sensex ETF costs less: 0.05% a year against 0.23%.
- UTI BSE Sensex Index swung less over 3 years: a standard deviation of 13.2% a year against 13.3%.
- HDFC BSE Sensex ETF fell less in its worst fall since 01-02-2022: −16.1% against −16.1%.
- HDFC BSE Sensex ETF is the larger fund: ₹510 Cr against ₹184 Cr.
- Their portfolios overlap 100.0%: 30 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 | UTI BSE Sensex Index Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | UTI Mutual Fund |
| Category | ETF | Index |
| AUM | ₹510 Cr (30-09-2026) | ₹184 Cr (30-09-2026) |
| NAV | ₹84.59 | ₹13.47 (Direct) |
| Expense ratio (Direct) | Not available | 0.23% |
| Expense ratio (Regular) | Not available | 0.31% |
| Riskometer | Very High | Very High |
| Benchmark | BSE SENSEX TRI | BSE SENSEX TRI |
| Launch date | 09-12-2015 | 31-01-2022 |
| 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 | Direct Plan-Growth-Rs.1000, Regular Plan-Growth-Rs.1000 |
| Lock in | None | None |
| Fund managers | Abhishek Mor, Arun Agarwal | Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3 |
| Exit load | Not available | Nil |
HDFC BSE Sensex ETF vs UTI BSE Sensex 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 Sensex ETF | +2.77% | −4.30% | −2.42% | −10.97% | +6.24% | +5.86% | +11.54% |
| UTI BSE Sensex Index Fund (Direct) | +2.75% | −4.34% | −2.51% | −11.11% | +6.06% | -- | -- |
HDFC BSE Sensex ETF vs UTI BSE Sensex Index: Year-wise Returns
| Year | HDFC BSE Sensex ETFHDFC BSE Sensex ETF | UTI BSE Sensex IndexUTI BSE Sensex Index | BSE SENSEX TRI |
|---|---|---|---|
| 2026to date | −11.86% | −11.98% | −11.81% |
| 2025 | +10.32% | +10.16% | +10.38% |
| 2024 | +9.37% | +9.16% | +9.49% |
| 2023 | +20.31% | +19.95% | +20.33% |
| 2022 | +5.76% | -- | +5.80% |
| 2021 | +23.11% | -- | +23.23% |
HDFC BSE Sensex ETF vs UTI BSE Sensex Index: Rolling Returns
Every holding period of both funds, against BSE SENSEX TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 430 of them, one for each trading day from 01-02-2025 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
UTI BSE Sensex Index Fund (Direct)
BSE SENSEX TRI
to
Mar 2025Jul 2022
to
Jul 2025Oct 2022
to
Oct 2025Feb 2023
to
Feb 2026May 2023
to
May 2026Sept 2023
to
Sept 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 | 0.0 | 4.7 | 29.5 | 54.4 | 11.4 | 0.0 | 0.0 | 11.1% | 12.0% | 3.8% | 18.2% | 0% |
| UTI BSE Sensex Index | 0.0 | 5.6 | 29.9 | 54.2 | 10.3 | 0.0 | 0.0 | 10.8% | 11.7% | 3.6% | 17.9% | 0% |
| BSE SENSEX TRI | 0.0 | 4.2 | 29.5 | 54.2 | 12.1 | 0.0 | 0.0 | 11.1% | 12.0% | 3.9% | 18.3% | -- |
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 01-02-2022. Past returns do not promise future returns.
HDFC BSE Sensex ETF vs UTI BSE Sensex 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 01-02-2022 to 30-10-2026: 57 instalments, ₹5,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC BSE Sensex ETFHDFC BSE Sensex ETF | ₹5,70,000 | ₹6,25,313 | ₹55,313 | 3.9% |
| UTI BSE Sensex IndexUTI BSE Sensex Index Fund (Direct) | ₹5,70,000 | ₹6,22,307 | ₹52,307 | 3.7% |
HDFC BSE Sensex ETFHDFC BSE Sensex ETF
UTI BSE Sensex IndexUTI BSE Sensex 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.
HDFC BSE Sensex ETF vs UTI BSE Sensex Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC BSE Sensex ETF | UTI BSE Sensex Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.97% | −11.11% |
| Standard deviation | 13.99% | 13.83% |
| Sharpe ratio | -1.16 | -1.18 |
| Sortino ratio | -1.55 | -1.58 |
| Maximum drawdown | −16.1% (31-03-2026) | −16.1% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.07% | −0.21% |
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 | UTI BSE Sensex Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.24% | +6.06% |
| Standard deviation | 13.26% | 13.21% |
| Sharpe ratio | 0.02 | 0.00 |
| Sortino ratio | 0.02 | 0.00 |
| Maximum drawdown | −16.1% (31-03-2026) | −16.1% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.08% | −0.26% |
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 | UTI BSE Sensex Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.84% | +6.18% |
| Standard deviation | 16.01% | 13.58% |
| Sharpe ratio | 0.40 | 0.02 |
| Sortino ratio | 0.55 | 0.03 |
| Maximum drawdown | −37.9% (23-03-2020) | −16.1% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.03% | −0.23% |
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
UTI BSE Sensex Index 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 | −16.1% | 02-01-2026 | 31-03-2026 | Not yet | -- | −12.4% |
| UTI BSE Sensex Index Fund (Direct) | −16.1% | 02-01-2026 | 31-03-2026 | Not yet | -- | −12.5% |
| BSE SENSEX TRI | −16.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −12.4% |
From daily values since 01-02-2022, 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
UTI BSE Sensex Index 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
UTI BSE Sensex Index Fund (Direct)
BSE SENSEX TRI
Against BSE SENSEX TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC BSE Sensex ETF | 100% | 100% | 0.04% |
| UTI BSE Sensex Index Fund (Direct) | 99% | 100% | 0.08% |
From month-end values since 01-02-2022. 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 UTI BSE Sensex Index: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC BSE Sensex ETF, September 2026; UTI BSE Sensex Index Fund, September 2026
Holdings in common
- Overlap
- 100.0%
- Held by both
- 30
- Only in HDFC BSE Sensex ETF
- 0
- Only in UTI BSE Sensex Index
- 0
| Security | % of HDFC BSE Sensex ETF | % of UTI BSE Sensex Index |
|---|---|---|
| HDFC Bank Ltd. | 12.59% | 12.59% |
| ICICI Bank Ltd. | 11.03% | 11.03% |
| Reliance Industries Ltd. | 9.15% | 9.15% |
| Bharti Airtel Ltd. | 6.38% | 6.38% |
| Larsen and Toubro Ltd. | 5.11% | 5.11% |
| State Bank of India | 4.64% | 4.64% |
| Infosys Limited | 4.08% | 4.08% |
| Axis Bank Ltd. | 4.08% | 4.08% |
| Kotak Mahindra Bank Limited | 3.57% | 3.57% |
| Mahindra & Mahindra Ltd. | 3.07% | 3.07% |
| Bajaj Finance Ltd. | 2.99% | 2.99% |
| ITC LIMITED | 2.96% | 2.96% |
| Eternal Limited | 2.69% | 2.69% |
| Tata Consultancy Services Ltd. | 2.41% | 2.41% |
| Sun Pharmaceutical Industries Ltd. | 2.28% | 2.28% |
| Titan Company Ltd. | 2.18% | 2.18% |
| Hindustan Unilever Ltd. | 1.95% | 1.95% |
| Maruti Suzuki India Limited | 1.79% | 1.79% |
| NTPC Limited | 1.78% | 1.78% |
| Tata Steel Ltd. | 1.77% | 1.77% |
| Adani Ports & Special Economic Zone | 1.63% | 1.63% |
| Bharat Electronics Ltd. | 1.62% | 1.62% |
| HCL Technologies Ltd. | 1.51% | 1.51% |
| UltraTech Cement Limited | 1.50% | 1.50% |
| Power Grid Corporation of India Ltd. | 1.38% | 1.38% |
| InterGlobe Aviation Ltd. | 1.30% | 1.30% |
| Asian Paints Limited | 1.26% | 1.26% |
| Tech Mahindra Ltd. | 1.14% | 1.14% |
| Bajaj Finserv Ltd. | 1.13% | 1.13% |
| Trent Ltd. | 1.01% | 1.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 100.0% means 100.0% 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 Sensex ETF
Every holding of this fund is also held by the other.
Largest holdings only in UTI BSE Sensex Index Fund
Every holding of this fund is also held by the other.
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC BSE Sensex ETF | UTI BSE Sensex Index |
|---|---|---|
| Equity | 100.0% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 0.0% |
Market cap of stocks
| Market cap | HDFC BSE Sensex ETF | UTI BSE Sensex Index |
|---|---|---|
| Large Cap | 100.0% | 100.0% |
| Mid Cap | 0.0% | 0.0% |
| Small Cap | 0.0% | 0.0% |
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 | UTI BSE Sensex Index |
|---|---|---|
| Banks | 35.9% | 35.9% |
| Petroleum Products | 9.2% | 9.2% |
| IT - Software | 9.1% | 9.1% |
| Telecom - Services | 6.4% | 6.4% |
| Construction | 5.1% | 5.1% |
| Diversified FMCG | 4.9% | 4.9% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC BSE Sensex ETF vs UTI BSE Sensex Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC BSE Sensex ETF | UTI BSE Sensex Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.23% |
| Base expense ratio (Direct) | 0.00% | 0.18% |
| Total expense ratio (Regular) | Not available | 0.31% |
| Base expense ratio (Regular) | 0.04% | 0.25% |
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 UTI BSE Sensex Index Fund: Frequently Asked Questions
What is the difference between HDFC BSE Sensex ETF and UTI BSE Sensex Index Fund?
HDFC BSE Sensex ETF is an ETF fund, UTI BSE Sensex Index Fund is an Index fund, run by HDFC Mutual Fund and UTI Mutual Fund. Their portfolios overlap 100.0%. HDFC BSE Sensex ETF charges 0.05% a year and UTI BSE Sensex Index Fund 0.23%.
Which has given higher returns, HDFC BSE Sensex ETF or UTI BSE Sensex Index Fund?
Over 1 year: HDFC BSE Sensex ETF −10.97%, UTI BSE Sensex Index Fund −11.11%. Over 3 years: HDFC BSE Sensex ETF +6.24% a year, UTI BSE Sensex Index Fund +6.06% 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 UTI BSE Sensex Index Fund?
HDFC BSE Sensex ETF charges less: 0.05% a year against 0.23%. These are the total expense ratios reported to AMFI.
How much do HDFC BSE Sensex ETF and UTI BSE Sensex Index Fund overlap?
100.0%. They hold 30 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, HDFC BSE Sensex ETF or UTI BSE Sensex Index Fund?
On SEBI's riskometer, HDFC BSE Sensex ETF is rated Very High and UTI BSE Sensex Index Fund Very High. Over 3 years, the standard deviation of daily returns was 13.26% and 13.21% a year.
Which is better for SIP, HDFC BSE Sensex ETF or UTI BSE Sensex Index Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,63,975 in HDFC BSE Sensex ETF (XIRR -1.0% a year) and ₹3,62,931 in UTI BSE Sensex Index Fund (XIRR -1.2% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both HDFC BSE Sensex ETF and UTI BSE Sensex Index Fund?
Yes. 100.0% 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 UTI BSE Sensex Index Fund?
HDFC BSE Sensex ETF: Abhishek Mor, Arun Agarwal. UTI BSE Sensex Index Fund: Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3.
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.