HDFC BSE Sensex Index Fund vs Tata Equity Savings Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC BSE Sensex Index Fund is an Index fund and Tata Equity Savings Fund is an Equity Savings fund. In the 3 years to 30-10-2026, HDFC BSE Sensex Index Fund (Direct) returned 6.0% a year and Tata Equity Savings Fund (Direct) returned 10.6% a year. HDFC BSE Sensex Index Fund charges 0.22% a year and Tata Equity Savings Fund 0.60% (Direct plans). 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.
HDFC BSE Sensex Index Fund
Index
- 3 year return
- 6.0%
- Expense ratio
- 0.22%
- NAV
- ₹712.96
Tata Equity Savings Fund
Equity Savings
- 3 year return
- 10.6%
- Expense ratio
- 0.60%
- NAV
- ₹63.75
Which is better, HDFC BSE Sensex Index 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 5.6%.
- Tata Equity Savings returned more over 3 years: 10.6% a year against 6.0%.
- HDFC BSE Sensex Index costs less: 0.22% a year against 0.60% (Direct plans).
- Tata Equity Savings swung less over 3 years: a standard deviation of 3.5% a year against 13.2%.
- Tata Equity Savings fell less in its worst fall since 08-01-2013: −13.8% against −38.1%.
- HDFC BSE Sensex Index holds more in large companies: 100.0% of the fund in large caps against 62.3%.
- HDFC BSE Sensex Index is the larger fund: ₹7,973 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 Index Fund | Tata Equity Savings Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | Tata Mutual Fund |
| Category | Index | Equity Savings |
| AUM | ₹7,973 Cr (30-09-2026) | ₹285 Cr (31-01-2026) |
| NAV | ₹712.96 (Direct) | ₹63.75 (Direct) |
| Expense ratio (Direct) | 0.22% | 0.60% |
| Expense ratio (Regular) | 0.38% | 1.15% |
| Riskometer | Very High | Low to Moderate |
| Benchmark | BSE SENSEX TRI | NIFTY Equity Savings Index |
| Launch date | 17-07-2002 | 05-05-1997 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Nandita Menezes, Arun Agarwal | Murthy Nagarajan, Sailesh Jain, Tapan Patel |
| Exit load | In respect of each purchase /switch-in of Units, an Exit Load of 0.25% is payable if Units are redeemed/ switched-out within 3 days from the date of allotment.No Exit Load is payable if Units are redeemed / switched-out after 3 days from the date of allotment. | 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 Index 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 Index Fund (Direct) | +2.75% | −4.34% | −2.51% | −11.16% | +6.04% | +5.64% | +11.27% |
| Tata Equity Savings Fund (Direct) | +0.39% | +0.03% | +2.15% | +7.54% | +10.58% | +8.92% | +9.11% |
HDFC BSE Sensex Index vs Tata Equity Savings: Year-wise Returns
| Year | HDFC BSE Sensex IndexHDFC BSE Sensex Index | Tata Equity SavingsTata Equity Savings |
|---|---|---|
| 2026to date | −12.02% | −0.30% |
| 2025 | +10.12% | +7.28% |
| 2024 | +9.16% | +11.89% |
| 2023 | +20.05% | +13.39% |
| 2022 | +5.53% | +4.09% |
| 2021 | +22.88% | +12.19% |
HDFC BSE Sensex Index vs Tata Equity Savings: Rolling Returns
Every holding period of both funds, against BSE SENSEX TRI, the benchmark of HDFC BSE Sensex Index Fund
Rolling returns
Every 3-year holding period, 2,662 of them, one for each trading day from 08-01-2016 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 Index Fund (Direct)
Tata Equity Savings Fund (Direct)
BSE SENSEX TRI
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
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 Index | 0.3 | 3.3 | 22.9 | 44.0 | 23.3 | 4.7 | 1.5 | 12.8% | 12.8% | −3.2% | 31.7% | 0% |
| Tata Equity Savings | 0.0 | 5.7 | 66.2 | 28.1 | 0.0 | 0.0 | 0.0 | 8.5% | 9.0% | 0.9% | 13.7% | 6% |
| BSE SENSEX TRI | 0.2 | 2.9 | 21.7 | 41.6 | 26.8 | 5.0 | 1.8 | 13.1% | 13.1% | −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 08-01-2013. Past returns do not promise future returns.
HDFC BSE Sensex Index 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 01-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC BSE Sensex IndexHDFC BSE Sensex Index Fund (Direct) | ₹16,60,000 | ₹35,80,904 | ₹19,20,904 | 10.5% |
| Tata Equity SavingsTata Equity Savings Fund (Direct) | ₹15,80,000 | ₹28,93,208 | ₹13,13,208 | 8.8% |
HDFC BSE Sensex IndexHDFC BSE Sensex Index Fund (Direct)
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 Index 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 Index Fund (Direct) | Tata Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | −11.16% | +7.54% |
| Standard deviation | 13.84% | 2.70% |
| Sharpe ratio | -1.19 | 0.72 |
| Sortino ratio | -1.59 | 1.11 |
| Maximum drawdown | −16.1% (31-03-2026) | −1.1% (23-01-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.25% | -- |
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 Index Fund (Direct) | Tata Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.04% | +10.58% |
| Standard deviation | 13.22% | 3.54% |
| Sharpe ratio | 0.00 | 1.19 |
| Sortino ratio | 0.00 | 1.65 |
| Maximum drawdown | −16.1% (31-03-2026) | −2.5% (04-06-2024) |
| Beta | 1.00 | -- |
| Alpha | −0.28% | -- |
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 Index Fund (Direct) | Tata Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.64% | +8.92% |
| Standard deviation | 13.74% | 4.22% |
| Sharpe ratio | -0.01 | 0.81 |
| Sortino ratio | -0.02 | 1.11 |
| Maximum drawdown | −16.1% (31-03-2026) | −4.4% (17-06-2022) |
| Beta | 1.00 | -- |
| Alpha | −0.28% | -- |
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 Index Fund (Direct) | Tata Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.23% | +8.55% |
| Standard deviation | 15.84% | 4.83% |
| Sharpe ratio | 0.33 | 0.51 |
| Sortino ratio | 0.45 | 0.69 |
| Maximum drawdown | −38.1% (23-03-2020) | −13.8% (23-03-2020) |
| Beta | 1.00 | -- |
| Alpha | −0.31% | -- |
From daily NAVs, 01-01-2013 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 Index Fund (Direct)
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 Index Fund (Direct) | −38.1% | 14-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −12.6% |
| 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 08-01-2013, 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 Index Fund (Direct)
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 Index Fund (Direct)
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 Index Fund (Direct)
Tata Equity Savings Fund (Direct)
BSE SENSEX TRI
Against BSE SENSEX TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC BSE Sensex Index Fund (Direct) | 99% | 100% | 0.25% |
| Tata Equity Savings Fund (Direct) | 39% | 16% | 11.11% |
From month-end values since 08-01-2013. 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 Index vs Tata Equity Savings: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC BSE Sensex Index Fund, September 2026; Tata Equity Savings Fund, January 2026
Holdings in common
- Overlap
- 43.2%
- Held by both
- 19
- Only in HDFC BSE Sensex Index
- 11
- Only in Tata Equity Savings
- 26
| Security | % of HDFC BSE Sensex Index | % 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. | 9.16% | 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 Index Fund
| 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 Index | 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 Index | 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 Index | 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 Index vs Tata Equity Savings: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC BSE Sensex Index Fund | Tata Equity Savings Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.22% | 0.60% |
| Base expense ratio (Direct) | 0.18% | 0.54% |
| Total expense ratio (Regular) | 0.38% | 1.15% |
| Base expense ratio (Regular) | 0.31% | 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 Index Fund vs Tata Equity Savings Fund: Frequently Asked Questions
What is the difference between HDFC BSE Sensex Index Fund and Tata Equity Savings Fund?
HDFC BSE Sensex Index Fund is an Index 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 Index Fund charges 0.22% a year and Tata Equity Savings Fund 0.60%.
Which has given higher returns, HDFC BSE Sensex Index Fund or Tata Equity Savings Fund?
Over 1 year: HDFC BSE Sensex Index Fund −11.16%, Tata Equity Savings Fund +7.54%. Over 3 years: HDFC BSE Sensex Index Fund +6.04% a year, Tata Equity Savings Fund +10.58% a year. Over 5 years: HDFC BSE Sensex Index Fund +5.64% 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 Index Fund or Tata Equity Savings Fund?
HDFC BSE Sensex Index Fund charges less: 0.22% a year against 0.60%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC BSE Sensex Index Fund 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 Index Fund or Tata Equity Savings Fund?
On SEBI's riskometer, HDFC BSE Sensex Index Fund is rated Very High and Tata Equity Savings Fund Low to Moderate. Over 3 years, the standard deviation of daily returns was 13.22% and 3.54% a year.
Which is better for SIP, HDFC BSE Sensex Index Fund 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 ₹6,74,984 in HDFC BSE Sensex Index Fund (XIRR 3.9% 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 Index Fund 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 Index Fund and Tata Equity Savings Fund?
HDFC BSE Sensex Index Fund: Nandita Menezes, 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.