HDFC BSE Sensex Index Fund vs Zerodha BSE SENSEX Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC BSE Sensex Index Fund is an Index fund and Zerodha BSE SENSEX Index Fund is an Index fund. HDFC BSE Sensex Index Fund charges 0.22% a year and Zerodha BSE SENSEX Index Fund 0.47% (Direct plans). Their portfolios overlap 100.0%: they hold 30 of the same securities.
Which is better, HDFC BSE Sensex Index or Zerodha 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 Index costs less: 0.22% a year against 0.47% (Direct plans).
- Zerodha BSE SENSEX Index fell less in its worst fall since 10-11-2025: −16.1% against −16.1%.
- HDFC BSE Sensex Index is the larger fund: ₹7,973 Cr against ₹19 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 Index Fund | Zerodha BSE SENSEX Index Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | Zerodha Mutual Fund |
| Category | Index | Index |
| AUM | ₹7,973 Cr (30-09-2026) | ₹19 Cr (30-09-2026) |
| NAV | ₹712.96 (Direct) | ₹8.99 (Direct) |
| Expense ratio (Direct) | 0.22% | 0.47% |
| Expense ratio (Regular) | 0.38% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | BSE SENSEX TRI | BSE SENSEX TRI |
| Launch date | 17-07-2002 | 06-11-2025 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Nandita Menezes, Arun Agarwal | Kedarnath Mirajkar |
| 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. | Nil |
HDFC BSE Sensex Index vs Zerodha 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 Index Fund (Direct) | +2.75% | −4.34% | −2.51% | −11.16% | +6.04% | +5.64% | +11.27% |
| Zerodha BSE SENSEX Index Fund (Direct) | +2.75% | −4.37% | −2.58% | -- | -- | -- | -- |
HDFC BSE Sensex Index vs Zerodha BSE SENSEX Index: Year-wise Returns
| Year | HDFCHDFC BSE Sensex Index | ZerodhaZerodha BSE SENSEX Index | BSE SENSEX TRI |
|---|---|---|---|
| 2026to date | −12.02% | −12.06% | −11.81% |
| 2025 | +10.12% | -- | +10.38% |
| 2024 | +9.16% | -- | +9.49% |
| 2023 | +20.05% | -- | +20.33% |
| 2022 | +5.53% | -- | +5.80% |
| 2021 | +22.88% | -- | +23.23% |
HDFC BSE Sensex Index vs Zerodha BSE SENSEX Index: Rolling Returns
Every holding period of both funds, against BSE SENSEX TRI, the benchmark of both
HDFC BSE Sensex Index vs Zerodha 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 Index Fund (Direct) | Zerodha BSE SENSEX Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.23% | −10.70% |
| Standard deviation | 15.84% | 14.00% |
| Sharpe ratio | 0.33 | -1.14 |
| Sortino ratio | 0.45 | -1.53 |
| Maximum drawdown | −38.1% (23-03-2020) | −16.1% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.31% | −0.40% |
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)
Zerodha 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 Index Fund (Direct) | −16.1% | 02-01-2026 | 31-03-2026 | Not yet | -- | −12.6% |
| Zerodha BSE SENSEX Index Fund (Direct) | −16.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −12.6% |
| BSE SENSEX TRI | −16.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −12.4% |
From daily values since 10-11-2025, the first day every fund has.
HDFC BSE Sensex Index vs Zerodha BSE SENSEX Index: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC BSE Sensex Index Fund, September 2026; Zerodha BSE SENSEX Index Fund, September 2026
Holdings in common
- Overlap
- 100.0%
- Held by both
- 30
- Only in HDFC BSE Sensex Index
- 0
- Only in Zerodha BSE SENSEX Index
- 0
| Security | % of HDFC BSE Sensex Index | % of Zerodha BSE SENSEX Index |
|---|---|---|
| HDFC Bank Ltd. | 12.59% | 12.59% |
| ICICI Bank Ltd. | 11.03% | 11.04% |
| Reliance Industries Ltd. | 9.16% | 9.16% |
| Bharti Airtel Ltd. | 6.38% | 6.39% |
| Larsen and Toubro Ltd. | 5.11% | 5.11% |
| State Bank of India | 4.64% | 4.64% |
| Infosys Limited | 4.08% | 4.09% |
| Axis Bank Ltd. | 4.08% | 4.08% |
| Kotak Mahindra Bank Limited | 3.57% | 3.58% |
| Mahindra & Mahindra Ltd. | 3.07% | 3.08% |
| Bajaj Finance Ltd. | 2.99% | 3.00% |
| ITC LIMITED | 2.96% | 2.97% |
| Eternal Limited | 2.69% | 2.70% |
| Tata Consultancy Services Ltd. | 2.41% | 2.42% |
| Sun Pharmaceutical Industries Ltd. | 2.28% | 2.29% |
| Titan Company Ltd. | 2.18% | 2.18% |
| Hindustan Unilever Ltd. | 1.95% | 1.96% |
| 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% | 1.13% |
| 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 Index Fund
Every holding of this fund is also held by the other.
Largest holdings only in Zerodha 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 Index | Zerodha BSE SENSEX Index |
|---|---|---|
| Equity | 100.0% | 100.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | -0.1% |
Market cap of stocks
| Market cap | HDFC BSE Sensex Index | Zerodha BSE SENSEX Index |
|---|---|---|
| Large Cap | 100.0% | 100.1% |
| 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 Index | Zerodha BSE SENSEX Index |
|---|---|---|
| Banks | 35.9% | 35.9% |
| Petroleum Products | 9.2% | 9.2% |
| IT - Software | 9.1% | 9.2% |
| 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 Index vs Zerodha BSE SENSEX Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC BSE Sensex Index Fund | Zerodha BSE SENSEX Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.22% | 0.47% |
| Base expense ratio (Direct) | 0.18% | 0.29% |
| Total expense ratio (Regular) | 0.38% | Not available |
| Base expense ratio (Regular) | 0.31% | 0.00% |
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 Zerodha BSE SENSEX Index Fund: Frequently Asked Questions
What is the difference between HDFC BSE Sensex Index Fund and Zerodha BSE SENSEX Index Fund?
HDFC BSE Sensex Index Fund is an Index fund, Zerodha BSE SENSEX Index Fund is an Index fund, run by HDFC Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 100.0%. HDFC BSE Sensex Index Fund charges 0.22% a year and Zerodha BSE SENSEX Index Fund 0.47%.
Which has the lower expense ratio, HDFC BSE Sensex Index Fund or Zerodha BSE SENSEX Index Fund?
HDFC BSE Sensex Index Fund charges less: 0.22% a year against 0.47%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC BSE Sensex Index Fund and Zerodha 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 Index Fund or Zerodha BSE SENSEX Index Fund?
On SEBI's riskometer, HDFC BSE Sensex Index Fund is rated Very High and Zerodha BSE SENSEX Index Fund Very High. Over their common history, the standard deviation of daily returns was 15.84% and 14.00% a year.
Can I invest in both HDFC BSE Sensex Index Fund and Zerodha 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 Index Fund and Zerodha BSE SENSEX Index Fund?
HDFC BSE Sensex Index Fund: Nandita Menezes, Arun Agarwal. Zerodha BSE SENSEX Index Fund: Kedarnath Mirajkar.
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.