HDFC Focused Fund vs Mirae Asset Nifty Top 20 Equal Weight ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
HDFC Focused Fund is a Focused fund and Mirae Asset Nifty Top 20 Equal Weight ETF is a mutual fund. HDFC Focused Fund charges 0.83% a year and Mirae Asset Nifty Top 20 Equal Weight ETF 0.26%. Their portfolios overlap 44.5%: they hold 10 of the same securities.
Mirae Asset Nifty Top 20 Equal Weight ETF
- Expense ratio
- 0.26%
- NAV
- ₹8.69
Which is better, HDFC Focused or Mirae Asset Nifty Top 20 Equal Weight ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Mirae Asset Nifty Top 20 Equal Weight ETF costs less: 0.26% a year against 0.83%.
- HDFC Focused fell less in its worst fall since 16-12-2025: −14.0% against −16.0%.
- Mirae Asset Nifty Top 20 Equal Weight ETF holds more in large companies: 100.0% of the fund in large caps against 74.2%.
- HDFC Focused is the larger fund: ₹26,553 Cr against ₹14 Cr.
- Their portfolios overlap 44.5%: 10 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 Focused Fund | Mirae Asset Nifty Top 20 Equal Weight ETF |
|---|---|---|
| Fund house | HDFC Mutual Fund | Mirae Asset Mutual Fund |
| Category | Focused | Not available |
| AUM | ₹26,553 Cr (30-09-2026) | ₹14 Cr (30-09-2026) |
| NAV | ₹259.60 (Direct) | ₹8.69 |
| Expense ratio (Direct) | 0.83% | Not available |
| Expense ratio (Regular) | 1.71% | Not available |
| Riskometer | Very High | Not available |
| Benchmark | Nifty 500 TRI | Not available |
| Launch date | 17-09-2004 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | None | Not available |
| Fund managers | Amar Kalkundrikar, Gopal Agrawal, Bhagyesh Kagalkar | Not available |
| Exit load | In respect of each purchase/ switch-in of units, an Exit Load of 1.00% is payable if Units are redeemed/switched-out within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed/ switched-out after 1 year from the date of allotment. | Not available |
HDFC Focused vs Mirae Asset Nifty Top 20 Equal Weight 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 Focused Fund (Direct) | +1.31% | −3.40% | +2.13% | −4.98% | +15.40% | +15.90% | +14.35% |
| Mirae Asset Nifty Top 20 Equal Weight ETF | +3.84% | −3.73% | −0.27% | -- | -- | -- | -- |
| Focused average | −1.00% | −4.12% | +1.39% | −3.09% | +12.30% | +10.21% | +13.15% |
Category average: the average of the 28 Focused funds, same plan type.
HDFC Focused vs Mirae Asset Nifty Top 20 Equal Weight ETF: Year-wise Returns
| Year | HDFC FocusedHDFC Focused | Mirae Asset Nifty Top 20 Equal Weight ETFMirae Asset Nifty Top 20 Equal Weight ETF |
|---|---|---|
| 2026to date | −4.54% | −10.27% |
| 2025 | +12.05% | -- |
| 2024 | +25.44% | -- |
| 2023 | +31.32% | -- |
| 2022 | +19.93% | -- |
| 2021 | +41.78% | -- |
HDFC Focused vs Mirae Asset Nifty Top 20 Equal Weight ETF: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of HDFC Focused Fund
HDFC Focused vs Mirae Asset Nifty Top 20 Equal Weight ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Focused Fund (Direct) | Mirae Asset Nifty Top 20 Equal Weight ETF |
|---|---|---|
| Return (CAGR) | +14.42% | −11.00% |
| Standard deviation | 16.45% | 14.95% |
| Sharpe ratio | 0.51 | -1.09 |
| Sortino ratio | 0.69 | -1.45 |
| Maximum drawdown | −45.6% (23-03-2020) | −16.0% (30-03-2026) |
| Beta | 0.97 | 1.00 |
| Alpha | +1.77% | −0.12% |
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 Focused Fund (Direct)
Mirae Asset Nifty Top 20 Equal Weight ETF
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC Focused Fund (Direct) | −14.0% | 18-02-2026 | 30-03-2026 | Not yet | -- | −6.2% |
| Mirae Asset Nifty Top 20 Equal Weight ETF | −16.0% | 22-12-2025 | 30-03-2026 | Not yet | -- | −10.6% |
| Nifty 500 TRI | −14.7% | 02-01-2026 | 30-03-2026 | Not yet | -- | −8.4% |
From daily values since 16-12-2025, the first day every fund has.
HDFC Focused vs Mirae Asset Nifty Top 20 Equal Weight ETF: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Focused Fund, September 2026; Mirae Asset Nifty Top 20 Equal Weight ETF, September 2026
Holdings in common
- Overlap
- 44.5%
- Held by both
- 10
- Only in HDFC Focused
- 21
- Only in Mirae Asset Nifty Top 20 Equal Weight ETF
- 10
| Security | % of HDFC Focused | % of Mirae Asset Nifty Top 20 Equal Weight ETF |
|---|---|---|
| Kotak Mahindra Bank Limited | 6.91% | 5.27% |
| Axis Bank Ltd. | 6.24% | 5.12% |
| ICICI Bank Ltd. | 9.16% | 5.09% |
| State Bank of India | 5.10% | 4.98% |
| HDFC Bank Ltd. | 7.83% | 4.92% |
| Eternal Limited | 4.87% | 4.88% |
| Sun Pharmaceutical Industries Ltd. | 4.07% | 5.01% |
| HCL Technologies Ltd. | 3.54% | 4.99% |
| Maruti Suzuki India Limited | 3.40% | 5.06% |
| Bharti Airtel Ltd. | 3.20% | 5.02% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 44.5% means 44.5% 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 Focused Fund
| Security | % of fund |
|---|---|
| InterGlobe Aviation Ltd. | 4.00% |
| Aster DM Quality Care Limited | 3.30% |
| Eicher Motors Ltd. | 3.22% |
| SBI Life Insurance Company Ltd. | 3.02% |
| Bosch Limited | 2.51% |
Largest holdings only in Mirae Asset Nifty Top 20 Equal Weight ETF
| Security | % of fund |
|---|---|
| Infosys Ltd. | 5.08% |
| NTPC Ltd. | 5.05% |
| Tata Consultancy Services Ltd. | 5.03% |
| ITC Ltd. | 4.99% |
| Mahindra & Mahindra Ltd. | 4.96% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Focused | Mirae Asset Nifty Top 20 Equal Weight ETF |
|---|---|---|
| Equity | 95.2% | 100.0% |
| Debt | 0.2% | 0.0% |
| Cash and others | 4.6% | 0.0% |
Market cap of stocks
| Market cap | HDFC Focused | Mirae Asset Nifty Top 20 Equal Weight ETF |
|---|---|---|
| Large Cap | 74.2% | 100.0% |
| Mid Cap | 13.5% | 0.0% |
| Small Cap | 7.5% | 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 Focused | Mirae Asset Nifty Top 20 Equal Weight ETF |
|---|---|---|
| Banks | 37.6% | 25.4% |
| IT - Software | 3.5% | 15.1% |
| Automobiles | 8.6% | 10.0% |
| Diversified FMCG | 0.0% | 9.9% |
| Retailing | 7.1% | 4.9% |
| Pharmaceuticals & Biotechnology | 6.5% | 5.0% |
| Power | 2.4% | 5.0% |
| Telecom - Services | 3.2% | 5.0% |
| Healthcare Services | 4.7% | 0.0% |
| Transport Services | 4.0% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Focused vs Mirae Asset Nifty Top 20 Equal Weight ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Focused Fund | Mirae Asset Nifty Top 20 Equal Weight ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.83% | Not available |
| Base expense ratio (Direct) | 0.63% | 0.00% |
| Total expense ratio (Regular) | 1.71% | Not available |
| Base expense ratio (Regular) | 1.37% | 0.09% |
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.
More comparisons
Each fund against the others of its category
HDFC Focused Fund vs Mirae Asset Nifty Top 20 Equal Weight ETF: Frequently Asked Questions
What is the difference between HDFC Focused Fund and Mirae Asset Nifty Top 20 Equal Weight ETF?
HDFC Focused Fund is a Focused fund, Mirae Asset Nifty Top 20 Equal Weight ETF is a mutual fund, run by HDFC Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 44.5%. HDFC Focused Fund charges 0.83% a year and Mirae Asset Nifty Top 20 Equal Weight ETF 0.26%.
Which has the lower expense ratio, HDFC Focused Fund or Mirae Asset Nifty Top 20 Equal Weight ETF?
Mirae Asset Nifty Top 20 Equal Weight ETF charges less: 0.26% a year against 0.83%. These are the total expense ratios reported to AMFI.
How much do HDFC Focused Fund and Mirae Asset Nifty Top 20 Equal Weight ETF overlap?
44.5%. They hold 10 of the same securities, the largest shared ones being KOTAKBANK, AXISBANK, ICICIBANK. From each fund's latest monthly portfolio.
Can I invest in both HDFC Focused Fund and Mirae Asset Nifty Top 20 Equal Weight ETF?
Yes. 44.5% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
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.