HDFC Dividend Yield Fund vs HDFC NIFTY 100 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
HDFC Dividend Yield Fund is a Dividend Yield fund and HDFC NIFTY 100 ETF is an ETF fund. In the 3 years to 30-10-2026, HDFC Dividend Yield Fund (Direct) returned 10.7% a year and HDFC NIFTY 100 ETF returned 8.7% a year. HDFC Dividend Yield Fund charges 0.88% a year and HDFC NIFTY 100 ETF 0.31%. Their portfolios overlap 50.3%: they hold 46 of the same securities.
HDFC Dividend Yield Fund
Dividend Yield
- 3 year return
- 10.7%
- Expense ratio
- 0.88%
- NAV
- ₹25.55
Which is better, HDFC Dividend Yield or HDFC NIFTY 100 ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HDFC Dividend Yield returned more over 3 years: 10.7% a year against 8.7%.
- HDFC Dividend Yield returned more over 1 year: −7.0% against −9.0%.
- HDFC NIFTY 100 ETF costs less: 0.31% a year against 0.88%.
- HDFC NIFTY 100 ETF swung less over 3 years: a standard deviation of 13.7% a year against 14.0%.
- HDFC NIFTY 100 ETF fell less in its worst fall since 05-08-2022: −17.3% against −20.0%.
- HDFC NIFTY 100 ETF holds more in large companies: 98.0% of the fund in large caps against 62.6%.
- HDFC Dividend Yield is the larger fund: ₹5,274 Cr against ₹41 Cr.
- Their portfolios overlap 50.3%: 46 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 Dividend Yield Fund | HDFC NIFTY 100 ETF |
|---|---|---|
| Fund house | HDFC Mutual Fund | HDFC Mutual Fund |
| Category | Dividend Yield | ETF |
| AUM | ₹5,274 Cr (30-09-2026) | ₹41 Cr (30-09-2026) |
| NAV | ₹25.55 (Direct) | ₹24.81 |
| Expense ratio (Direct) | 0.88% | Not available |
| Expense ratio (Regular) | 1.92% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 100 TRI |
| Launch date | 18-12-2020 | 05-08-2022 |
| Minimum investment | ₹100 | 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 |
| Lock in | None | None |
| Fund managers | Gopal Agarwal, Gopal Agrawal, Bhagyesh Kagalkar | Abhishek Mor, Arun Agarwal |
| Exit load | • Exit load of 1.00% is payable if Units are redeemed / switched-out within 1 year from the date of allotment of units. • No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment. | Not available |
HDFC Dividend Yield vs HDFC NIFTY 100 ETF: 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 Dividend Yield Fund (Direct) | −1.10% | −5.04% | −2.02% | −6.99% | +10.67% | +12.37% | -- |
| HDFC NIFTY 100 ETF | +1.02% | −5.38% | −3.12% | −8.99% | +8.73% | -- | -- |
| Dividend Yield average | −1.57% | −5.69% | −3.24% | −5.57% | +12.14% | +12.06% | -- |
Category average: the average of the 12 Dividend Yield funds, same plan type.
HDFC Dividend Yield vs HDFC NIFTY 100 ETF: Year-wise Returns
| Year | Dividend YieldHDFC Dividend Yield | NIFTY 100 ETFHDFC NIFTY 100 ETF |
|---|---|---|
| 2026to date | −5.77% | −9.57% |
| 2025 | +4.43% | +9.91% |
| 2024 | +17.62% | +12.55% |
| 2023 | +39.88% | +20.87% |
| 2022 | +8.58% | -- |
| 2021 | +44.24% | -- |
HDFC Dividend Yield vs HDFC NIFTY 100 ETF: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of HDFC Dividend Yield Fund
Rolling returns
Every 3-year holding period, 303 of them, one for each trading day from 05-08-2025 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 Dividend Yield Fund (Direct)
HDFC NIFTY 100 ETF
Nifty 500 TRI
to
Sept 2025Nov 2022
to
Nov 2025Feb 2023
to
Feb 2026Apr 2023
to
Apr 2026Jul 2023
to
Jul 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 Dividend Yield | 0.0 | 0.0 | 5.0 | 24.4 | 53.1 | 17.5 | 0.0 | 16.8% | 17.4% | 9.3% | 21.4% | 100% |
| HDFC NIFTY 100 ETF | 0.0 | 0.0 | 18.4 | 73.7 | 7.9 | 0.0 | 0.0 | 12.2% | 12.9% | 6.7% | 16.0% | 0% |
| Nifty 500 TRI | 0.0 | 0.0 | 6.3 | 36.3 | 57.4 | 0.0 | 0.0 | 14.6% | 15.4% | 8.8% | 18.1% | -- |
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 Nifty 500 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 05-08-2022. Past returns do not promise future returns.
HDFC Dividend Yield vs HDFC NIFTY 100 ETF: 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 01-08-2022 to 30-10-2026: 51 instalments, ₹5,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC Dividend YieldHDFC Dividend Yield Fund (Direct) | ₹5,10,000 | ₹5,98,715 | ₹88,715 | 7.5% |
| HDFC NIFTY 100 ETFHDFC NIFTY 100 ETF | ₹5,10,000 | ₹5,61,269 | ₹51,269 | 4.5% |
HDFC Dividend YieldHDFC Dividend Yield Fund (Direct)
HDFC NIFTY 100 ETFHDFC NIFTY 100 ETF
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 Dividend Yield vs HDFC NIFTY 100 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Dividend Yield Fund (Direct) | HDFC NIFTY 100 ETF |
|---|---|---|
| Return (CAGR) | −6.99% | −8.99% |
| Standard deviation | 13.25% | 14.04% |
| Sharpe ratio | -0.92 | -1.01 |
| Sortino ratio | -1.22 | -1.35 |
| Maximum drawdown | −14.1% (30-03-2026) | −15.0% (31-03-2026) |
| Beta | 0.91 | 1.00 |
| Alpha | −0.77% | −0.30% |
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 Dividend Yield Fund (Direct) | HDFC NIFTY 100 ETF |
|---|---|---|
| Return (CAGR) | +10.67% | +8.73% |
| Standard deviation | 14.05% | 13.69% |
| Sharpe ratio | 0.33 | 0.20 |
| Sortino ratio | 0.44 | 0.27 |
| Maximum drawdown | −20.0% (03-03-2025) | −17.3% (28-02-2025) |
| Beta | 0.97 | 1.00 |
| Alpha | +0.59% | −0.35% |
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 Dividend Yield Fund (Direct) | HDFC NIFTY 100 ETF |
|---|---|---|
| Return (CAGR) | +17.34% | +8.29% |
| Standard deviation | 13.73% | 12.92% |
| Sharpe ratio | 0.87 | 0.17 |
| Sortino ratio | 1.18 | 0.23 |
| Maximum drawdown | −20.0% (03-03-2025) | −17.3% (28-02-2025) |
| Beta | 0.91 | 1.00 |
| Alpha | +5.00% | −0.33% |
From daily NAVs, 18-12-2020 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 Dividend Yield Fund (Direct)
HDFC NIFTY 100 ETF
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC Dividend Yield Fund (Direct) | −20.0% | 27-09-2024 | 03-03-2025 | Not yet | -- | −10.2% |
| HDFC NIFTY 100 ETF | −17.3% | 26-09-2024 | 28-02-2025 | Not yet | -- | −10.6% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 05-08-2022, 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 Dividend Yield Fund (Direct)
HDFC NIFTY 100 ETF
Nifty 500 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 Dividend Yield Fund (Direct)
HDFC NIFTY 100 ETF
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC Dividend Yield Fund (Direct) | 103% | 86% | 3.01% |
| HDFC NIFTY 100 ETF | 91% | 100% | 2.60% |
From month-end values since 05-08-2022. 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 Dividend Yield vs HDFC NIFTY 100 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Dividend Yield Fund, September 2026; HDFC NIFTY 100 ETF, September 2026
Holdings in common
- Overlap
- 50.3%
- Held by both
- 46
- Only in HDFC Dividend Yield
- 83
- Only in HDFC NIFTY 100 ETF
- 54
| Security | % of HDFC Dividend Yield | % of HDFC NIFTY 100 ETF |
|---|---|---|
| ICICI Bank Ltd. | 5.38% | 7.34% |
| HDFC Bank Ltd. | 4.97% | 8.41% |
| Axis Bank Ltd. | 3.72% | 2.73% |
| Larsen and Toubro Ltd. | 2.64% | 3.41% |
| Bharti Airtel Ltd. | 2.62% | 4.14% |
| Kotak Mahindra Bank Limited | 2.45% | 2.38% |
| Reliance Industries Ltd. | 2.25% | 6.15% |
| State Bank of India | 2.00% | 3.07% |
| Sun Pharmaceutical Industries Ltd. | 2.14% | 1.49% |
| Infosys Limited | 1.42% | 2.72% |
| Tata Consultancy Services Ltd. | 1.29% | 1.62% |
| Maruti Suzuki India Limited | 2.20% | 1.21% |
| NTPC Limited | 1.71% | 1.19% |
| Tata Steel Ltd. | 1.40% | 1.18% |
| ITC LIMITED | 1.07% | 1.96% |
| Hindustan Unilever Ltd. | 1.02% | 1.29% |
| HCL Technologies Ltd. | 1.68% | 1.00% |
| Bajaj Auto Limited | 1.96% | 0.92% |
| Coal India Ltd. | 1.17% | 0.79% |
| Eicher Motors Ltd. | 1.57% | 0.76% |
| Tech Mahindra Ltd. | 2.24% | 0.75% |
| Nestle India Ltd. | 0.79% | 0.73% |
| Divis Laboratories Ltd. | 0.70% | 0.92% |
| Hindustan Aeronautics Limited | 0.75% | 0.69% |
| Oil & Natural Gas Corporation Ltd. | 0.94% | 0.68% |
| Apollo Hospitals Enterprise Ltd. | 0.93% | 0.65% |
| Bharat Electronics Ltd. | 0.63% | 1.08% |
| SBI Life Insurance Company Ltd. | 1.93% | 0.59% |
| Cipla Ltd. | 1.11% | 0.59% |
| Tata Motors Limited | 0.56% | 0.68% |
| Cummins India Ltd. | 0.72% | 0.50% |
| Bajaj Finserv Ltd. | 0.49% | 0.78% |
| InterGlobe Aviation Ltd. | 0.45% | 0.87% |
| HDFC Life Insurance Company Limited | 0.58% | 0.43% |
| Asian Paints Limited | 0.43% | 0.84% |
| Mahindra & Mahindra Ltd. | 0.39% | 2.04% |
| Power Finance Corporation Ltd. | 0.68% | 0.37% |
| GAIL (India) Ltd. | 0.65% | 0.36% |
| Bosch Limited | 0.71% | 0.32% |
| Tata Motors Passenger Vehicles Limited | 0.32% | 0.46% |
| Canara Bank | 0.45% | 0.31% |
| Godrej Consumer Products Ltd. | 0.48% | 0.26% |
| Siemens Ltd. | 0.71% | 0.25% |
| Siemens Energy India Limited | 0.61% | 0.22% |
| Ambuja Cements Ltd. | 0.92% | 0.18% |
| Jio Financial Services Limited | 0.12% | 0.55% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 50.3% means 50.3% 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 Dividend Yield Fund
| Security | % of fund |
|---|---|
| STERLITE TECHNOLOGIES LIMITED | 1.81% |
| INFO EDGE (INDIA) LIMITED | 1.67% |
| Indusind Bank Ltd. | 1.45% |
| Aster DM Quality Care Limited | 1.23% |
| Balrampur Chini Mills Ltd. | 0.98% |
Largest holdings only in HDFC NIFTY 100 ETF
| Security | % of fund |
|---|---|
| Bajaj Finance Ltd. | 2.03% |
| Eternal Limited | 1.80% |
| Titan Company Ltd. | 1.47% |
| Adani Ports & Special Economic Zone | 1.09% |
| Shriram Finance Ltd. | 1.07% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Dividend Yield | HDFC NIFTY 100 ETF |
|---|---|---|
| Equity | 98.9% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.1% | 0.0% |
Market cap of stocks
| Market cap | HDFC Dividend Yield | HDFC NIFTY 100 ETF |
|---|---|---|
| Large Cap | 62.6% | 98.0% |
| Mid Cap | 12.3% | 2.0% |
| Small Cap | 23.2% | 0.0% |
| Not on AMFI's list | 0.8% | 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 Dividend Yield | HDFC NIFTY 100 ETF |
|---|---|---|
| Banks | 21.0% | 25.1% |
| Petroleum Products | 3.4% | 7.0% |
| IT - Software | 6.8% | 6.7% |
| Automobiles | 6.6% | 6.4% |
| Pharmaceuticals & Biotechnology | 6.6% | 4.3% |
| Finance | 4.5% | 6.2% |
| Telecom - Services | 4.2% | 4.4% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Dividend Yield vs HDFC NIFTY 100 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Dividend Yield Fund | HDFC NIFTY 100 ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.88% | Not available |
| Base expense ratio (Direct) | 0.72% | 0.00% |
| Total expense ratio (Regular) | 1.92% | Not available |
| Base expense ratio (Regular) | 1.60% | 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.
More comparisons
Each fund against the others of its category
HDFC Dividend Yield Fund vs HDFC NIFTY 100 ETF: Frequently Asked Questions
What is the difference between HDFC Dividend Yield Fund and HDFC NIFTY 100 ETF?
HDFC Dividend Yield Fund is a Dividend Yield fund, HDFC NIFTY 100 ETF is an ETF fund, run by HDFC Mutual Fund. Their portfolios overlap 50.3%. HDFC Dividend Yield Fund charges 0.88% a year and HDFC NIFTY 100 ETF 0.31%.
Which has given higher returns, HDFC Dividend Yield Fund or HDFC NIFTY 100 ETF?
Over 1 year: HDFC Dividend Yield Fund −6.99%, HDFC NIFTY 100 ETF −8.99%. Over 3 years: HDFC Dividend Yield Fund +10.67% a year, HDFC NIFTY 100 ETF +8.73% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC Dividend Yield Fund or HDFC NIFTY 100 ETF?
HDFC NIFTY 100 ETF charges less: 0.31% a year against 0.88%. These are the total expense ratios reported to AMFI.
How much do HDFC Dividend Yield Fund and HDFC NIFTY 100 ETF overlap?
50.3%. They hold 46 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, AXISBANK. From each fund's latest monthly portfolio.
Which is riskier, HDFC Dividend Yield Fund or HDFC NIFTY 100 ETF?
On SEBI's riskometer, HDFC Dividend Yield Fund is rated Very High and HDFC NIFTY 100 ETF Very High. Over 3 years, the standard deviation of daily returns was 14.05% and 13.69% a year.
Which is better for SIP, HDFC Dividend Yield Fund or HDFC NIFTY 100 ETF?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,78,241 in HDFC Dividend Yield Fund (XIRR 1.4% a year) and ₹3,71,409 in HDFC NIFTY 100 ETF (XIRR 0.2% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both HDFC Dividend Yield Fund and HDFC NIFTY 100 ETF?
Yes. 50.3% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages HDFC Dividend Yield Fund and HDFC NIFTY 100 ETF?
HDFC Dividend Yield Fund: Gopal Agarwal, Gopal Agrawal, Bhagyesh Kagalkar. HDFC NIFTY 100 ETF: Abhishek Mor, Arun Agarwal.
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.