HDFC Focused Fund vs Zerodha BSE SENSEX Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Focused Fund is a Focused fund and Zerodha BSE SENSEX Index Fund is an Index fund. HDFC Focused Fund charges 0.83% a year and Zerodha BSE SENSEX Index Fund 0.47% (Direct plans). Their portfolios overlap 43.9%: they hold 12 of the same securities.
Which is better, HDFC Focused 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.
- Zerodha BSE SENSEX Index costs less: 0.47% a year against 0.83% (Direct plans).
- HDFC Focused fell less in its worst fall since 10-11-2025: −14.0% against −16.1%.
- Zerodha BSE SENSEX Index holds more in large companies: 100.1% of the fund in large caps against 74.2%.
- HDFC Focused is the larger fund: ₹26,553 Cr against ₹19 Cr.
- Their portfolios overlap 43.9%: 12 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 | Zerodha BSE SENSEX Index Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | Zerodha Mutual Fund |
| Category | Focused | Index |
| AUM | ₹26,553 Cr (30-09-2026) | ₹19 Cr (30-09-2026) |
| NAV | ₹259.60 (Direct) | ₹8.99 (Direct) |
| Expense ratio (Direct) | 0.83% | 0.47% |
| Expense ratio (Regular) | 1.71% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | BSE SENSEX TRI |
| Launch date | 17-09-2004 | 06-11-2025 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Amar Kalkundrikar, Gopal Agrawal, Bhagyesh Kagalkar | Kedarnath Mirajkar |
| 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. | Nil |
HDFC Focused 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 Focused Fund (Direct) | +1.31% | −3.40% | +2.13% | −4.98% | +15.40% | +15.90% | +14.35% |
| Zerodha BSE SENSEX Index Fund (Direct) | +2.75% | −4.37% | −2.58% | -- | -- | -- | -- |
| 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 Zerodha BSE SENSEX Index: Year-wise Returns
| Year | HDFC FocusedHDFC Focused | Zerodha BSE SENSEX IndexZerodha BSE SENSEX Index |
|---|---|---|
| 2026to date | −4.54% | −12.06% |
| 2025 | +12.05% | -- |
| 2024 | +25.44% | -- |
| 2023 | +31.32% | -- |
| 2022 | +19.93% | -- |
| 2021 | +41.78% | -- |
HDFC Focused vs Zerodha BSE SENSEX Index: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of HDFC Focused Fund
HDFC Focused 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 Focused Fund (Direct) | Zerodha BSE SENSEX Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.42% | −10.70% |
| Standard deviation | 16.45% | 14.00% |
| Sharpe ratio | 0.51 | -1.14 |
| Sortino ratio | 0.69 | -1.53 |
| Maximum drawdown | −45.6% (23-03-2020) | −16.1% (30-03-2026) |
| Beta | 0.97 | 1.00 |
| Alpha | +1.77% | −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 Focused Fund (Direct)
Zerodha BSE SENSEX Index Fund (Direct)
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% |
| Zerodha BSE SENSEX Index Fund (Direct) | −16.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −12.6% |
| Nifty 500 TRI | −14.7% | 02-01-2026 | 30-03-2026 | Not yet | -- | −8.4% |
From daily values since 10-11-2025, the first day every fund has.
HDFC Focused vs Zerodha BSE SENSEX Index: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Focused Fund, September 2026; Zerodha BSE SENSEX Index Fund, September 2026
Holdings in common
- Overlap
- 43.9%
- Held by both
- 12
- Only in HDFC Focused
- 19
- Only in Zerodha BSE SENSEX Index
- 18
| Security | % of HDFC Focused | % of Zerodha BSE SENSEX Index |
|---|---|---|
| ICICI Bank Ltd. | 9.16% | 11.04% |
| HDFC Bank Ltd. | 7.83% | 12.59% |
| State Bank of India | 5.10% | 4.64% |
| Axis Bank Ltd. | 6.24% | 4.08% |
| Kotak Mahindra Bank Limited | 6.91% | 3.58% |
| Bharti Airtel Ltd. | 3.20% | 6.39% |
| Eternal Limited | 4.87% | 2.70% |
| Sun Pharmaceutical Industries Ltd. | 4.07% | 2.29% |
| Maruti Suzuki India Limited | 3.40% | 1.79% |
| Tata Steel Ltd. | 1.78% | 1.77% |
| HCL Technologies Ltd. | 3.54% | 1.51% |
| InterGlobe Aviation Ltd. | 4.00% | 1.30% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 43.9% means 43.9% 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 |
|---|---|
| Aster DM Quality Care Limited | 3.30% |
| Eicher Motors Ltd. | 3.22% |
| SBI Life Insurance Company Ltd. | 3.02% |
| Bosch Limited | 2.51% |
| Cipla Ltd. | 2.40% |
Largest holdings only in Zerodha BSE SENSEX Index Fund
| Security | % of fund |
|---|---|
| Reliance Industries Limited | 9.16% |
| Larsen & Toubro Limited | 5.11% |
| Infosys Limited | 4.09% |
| Mahindra & Mahindra Limited | 3.08% |
| Bajaj Finance Limited | 3.00% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Focused | Zerodha BSE SENSEX Index |
|---|---|---|
| Equity | 95.2% | 100.1% |
| Debt | 0.2% | 0.0% |
| Cash and others | 4.6% | -0.1% |
Market cap of stocks
| Market cap | HDFC Focused | Zerodha BSE SENSEX Index |
|---|---|---|
| Large Cap | 74.2% | 100.1% |
| 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 | Zerodha BSE SENSEX Index |
|---|---|---|
| Banks | 37.6% | 35.9% |
| Petroleum Products | 0.0% | 9.2% |
| IT - Software | 3.5% | 9.2% |
| Automobiles | 8.6% | 4.9% |
| Retailing | 7.1% | 3.7% |
| Pharmaceuticals & Biotechnology | 6.5% | 2.3% |
| Telecom - Services | 3.2% | 6.4% |
| Construction | 0.0% | 5.1% |
| Diversified FMCG | 0.0% | 4.9% |
| Healthcare Services | 4.7% | 0.0% |
| Transport Services | 4.0% | 1.3% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Focused vs Zerodha BSE SENSEX Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Focused Fund | Zerodha BSE SENSEX Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.83% | 0.47% |
| Base expense ratio (Direct) | 0.63% | 0.29% |
| Total expense ratio (Regular) | 1.71% | Not available |
| Base expense ratio (Regular) | 1.37% | 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.
More comparisons
Each fund against the others of its category
HDFC Focused Fund vs Zerodha BSE SENSEX Index Fund: Frequently Asked Questions
What is the difference between HDFC Focused Fund and Zerodha BSE SENSEX Index Fund?
HDFC Focused Fund is a Focused fund, Zerodha BSE SENSEX Index Fund is an Index fund, run by HDFC Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 43.9%. HDFC Focused Fund charges 0.83% a year and Zerodha BSE SENSEX Index Fund 0.47%.
Which has the lower expense ratio, HDFC Focused Fund or Zerodha BSE SENSEX Index Fund?
Zerodha BSE SENSEX Index Fund charges less: 0.47% a year against 0.83%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Focused Fund and Zerodha BSE SENSEX Index Fund overlap?
43.9%. They hold 12 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, SBIN. From each fund's latest monthly portfolio.
Which is riskier, HDFC Focused Fund or Zerodha BSE SENSEX Index Fund?
On SEBI's riskometer, HDFC Focused Fund is rated Very High and Zerodha BSE SENSEX Index Fund Very High. Over their common history, the standard deviation of daily returns was 16.45% and 14.00% a year.
Can I invest in both HDFC Focused Fund and Zerodha BSE SENSEX Index Fund?
Yes. 43.9% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages HDFC Focused Fund and Zerodha BSE SENSEX Index Fund?
HDFC Focused Fund: Amar Kalkundrikar, Gopal Agrawal, Bhagyesh Kagalkar. 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.