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    HDFC NIFTY 100 Equal Weight Index Fund vs HDFC NIFTY 100 ETF

    Direct Plan where a fund has one, Growth option · Data as on 30-10-2026

    HDFC NIFTY 100 Equal Weight Index Fund is an Index fund and HDFC NIFTY 100 ETF is an ETF fund. In the 3 years to 30-10-2026, HDFC NIFTY 100 Equal Weight Index Fund (Direct) returned 13.3% a year and HDFC NIFTY 100 ETF returned 8.7% a year. HDFC NIFTY 100 Equal Weight Index Fund charges 0.57% a year and HDFC NIFTY 100 ETF 0.31%. Their portfolios overlap 62.2%: they hold 100 of the same securities.

    HDFC NIFTY 100 Equal Weight Index Fund

    Index

    3 year return
    13.3%
    Expense ratio
    0.57%
    NAV
    ₹16.52
    See HDFC NIFTY 100 Equal Weight Index Fund

    HDFC NIFTY 100 ETF

    ETF

    3 year return
    8.7%
    Expense ratio
    0.31%
    NAV
    ₹24.81
    See HDFC NIFTY 100 ETF

    Which is better, HDFC NIFTY 100 Equal Weight Index 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 NIFTY 100 Equal Weight Index returned more over 3 years: 13.3% a year against 8.7%.
    • HDFC NIFTY 100 Equal Weight Index returned more over 1 year: −4.3% against −9.0%.
    • HDFC NIFTY 100 ETF costs less: 0.31% a year against 0.57%.
    • HDFC NIFTY 100 ETF swung less over 3 years: a standard deviation of 13.7% a year against 15.3%.
    • HDFC NIFTY 100 ETF fell less in its worst fall since 05-08-2022: −17.3% against −21.6%.
    • HDFC NIFTY 100 Equal Weight Index is the larger fund: ₹517 Cr against ₹41 Cr.
    • Their portfolios overlap 62.2%: 100 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

    FactHDFC NIFTY 100 Equal Weight Index FundHDFC NIFTY 100 ETF
    Fund houseHDFC Mutual FundHDFC Mutual Fund
    CategoryIndexETF
    AUM₹517 Cr (30-09-2026)₹41 Cr (30-09-2026)
    NAV₹16.52 (Direct)₹24.81
    Expense ratio (Direct)0.57%Not available
    Expense ratio (Regular)1.03%Not available
    RiskometerVery HighVery High
    BenchmarkNIFTY 100 Equal Weighted TRINifty 100 TRI
    Launch date23-02-202205-08-2022
    Minimum investment₹100On 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 inNoneNone
    Fund managersNandita Menezes, Arun AgarwalAbhishek Mor, Arun Agarwal
    Exit loadNILNot available

    HDFC NIFTY 100 Equal Weight Index 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.

    Fund1M3M6M1Y3Y5Y10Y
    HDFC NIFTY 100 Equal Weight Index Fund (Direct)−1.07%−6.84%−2.88%−4.26%+13.25%----
    HDFC NIFTY 100 ETF+1.02%−5.38%−3.12%−8.99%+8.73%----

    HDFC NIFTY 100 Equal Weight Index vs HDFC NIFTY 100 ETF: Year-wise Returns

    YearEqual Weight IndexHDFC NIFTY 100 Equal Weight IndexETFHDFC NIFTY 100 ETF
    2026to date−3.91%−9.57%
    2025+8.89%+9.91%
    2024+16.75%+12.55%
    2023+29.88%+20.87%

    HDFC NIFTY 100 Equal Weight Index vs HDFC NIFTY 100 ETF: Rolling Returns

    Every holding period of both funds, against Nifty100 Equal Weight TRI, the benchmark of HDFC NIFTY 100 Equal Weight Index 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.

    0%5%10%15%20%25%
    Sept 2022
    to
    Sept 2025    Nov 2022
    to
    Nov 2025    Feb 2023
    to
    Feb 2026    Apr 2023
    to
    Apr 2026    Jul 2023
    to
    Jul 2026    Sept 2023
    to
    Sept 2026
    HDFC NIFTY 100 Equal Weight Index Fund (Direct)HDFC NIFTY 100 ETFNifty100 Equal Weight TRI

    How the periods spread

    FundBelow 0%0-5%5-10%10-15%15-20%20-25%Above 25%MeanMedianLowestHighestBeat benchmark
    HDFC NIFTY 100 Equal Weight Index0.00.00.011.981.56.60.017.0%17.0%11.8%21.4%0%
    HDFC NIFTY 100 ETF0.00.018.473.77.90.00.012.2%12.9%6.7%16.0%0%
    Nifty100 Equal Weight TRI0.00.00.011.678.59.90.017.7%17.7%12.4%22.1%--

    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 Nifty100 Equal Weight 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 NIFTY 100 Equal Weight Index 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

    Step up each year
    PeriodFor

    ₹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.

    InvestmentInvestedValue nowGainReturn a year
    HDFC NIFTY 100 Equal Weight IndexHDFC NIFTY 100 Equal Weight Index Fund (Direct) ₹5,10,000 ₹6,10,181 ₹1,00,181 8.4%
    HDFC NIFTY 100 ETFHDFC NIFTY 100 ETF ₹5,10,000 ₹5,61,269 ₹51,269 4.5%
    ₹0₹2.0 L₹4.0 L₹6.0 L₹8.0 L
    2023202420252026
    HDFC NIFTY 100 Equal Weight IndexHDFC NIFTY 100 Equal Weight Index Fund (Direct)HDFC NIFTY 100 ETFHDFC NIFTY 100 ETFAmount 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 NIFTY 100 Equal Weight Index vs HDFC NIFTY 100 ETF: Risk and Drawdowns

    How much each fund swings, and the worst fall over the same days

    Risk and return

    MeasureHDFC NIFTY 100 Equal Weight Index Fund (Direct)HDFC NIFTY 100 ETF
    Return (CAGR)+13.25%+8.73%
    Standard deviation15.28%13.69%
    Sharpe ratio0.470.20
    Sortino ratio0.640.27
    Maximum drawdown−21.6% (28-02-2025)−17.3% (28-02-2025)
    Beta1.001.00
    Alpha−0.61%−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.

    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.

    −25%−20%−15%−10%−5%0%
    2023202420252026
    HDFC NIFTY 100 Equal Weight Index Fund (Direct)HDFC NIFTY 100 ETFNifty100 Equal Weight TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    HDFC NIFTY 100 Equal Weight Index Fund (Direct)−21.6%27-09-202428-02-202503-08-202617 months−8.9%
    HDFC NIFTY 100 ETF−17.3%26-09-202428-02-2025Not yet--−10.6%
    Nifty100 Equal Weight TRI−21.5%27-09-202428-02-202531-07-202617 months−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 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.

    0%5%10%15%20%
    2026
    HDFC NIFTY 100 Equal Weight Index Fund (Direct)HDFC NIFTY 100 ETFNifty100 Equal Weight TRI

    Against Nifty100 Equal Weight TRI

    FundUp captureDown captureTracking error
    HDFC NIFTY 100 Equal Weight Index Fund (Direct)98%101%0.11%
    HDFC NIFTY 100 ETF81%92%4.40%

    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 NIFTY 100 Equal Weight Index vs HDFC NIFTY 100 ETF: Portfolio Overlap

    From each fund's latest monthly portfolio: HDFC NIFTY 100 Equal Weight Index Fund, September 2026; HDFC NIFTY 100 ETF, September 2026

    Holdings in common

    Overlap
    62.2%
    Held by both
    100
    Only in HDFC NIFTY 100 Equal Weight Index
    0
    Only in HDFC NIFTY 100 ETF
    0
    Security% of HDFC NIFTY 100 Equal Weight Index% of HDFC NIFTY 100 ETF
    Kotak Mahindra Bank Limited1.06%2.38%
    Adani Ports & Special Economic Zone1.03%1.09%
    Axis Bank Ltd.1.03%2.73%
    Maruti Suzuki India Limited1.02%1.21%
    ICICI Bank Ltd.1.02%7.34%
    Infosys Limited1.02%2.72%
    UltraTech Cement Limited1.01%1.01%
    Tata Consultancy Services Ltd.1.01%1.62%
    Shriram Finance Ltd.1.01%1.07%
    NTPC Limited1.01%1.19%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 62.2% means 62.2% 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 NIFTY 100 Equal Weight Index Fund

    Every holding of this fund is also held by the other.

    Largest holdings only in HDFC NIFTY 100 ETF

    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

    AssetHDFC NIFTY 100 Equal Weight IndexHDFC NIFTY 100 ETF
    Equity99.9%100.0%
    Debt0.0%0.0%
    Cash and others0.1%0.0%

    Market cap of stocks

    Market capHDFC NIFTY 100 Equal Weight IndexHDFC NIFTY 100 ETF
    Large Cap94.0%98.0%
    Mid Cap6.0%2.0%
    Small Cap0.0%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

    SectorHDFC NIFTY 100 Equal Weight IndexHDFC NIFTY 100 ETF
    Banks9.0%25.1%
    Finance10.0%6.2%
    Petroleum Products3.0%7.0%
    Automobiles7.0%6.4%
    IT - Software6.0%6.7%
    Power6.0%3.9%
    Pharmaceuticals & Biotechnology6.0%4.3%
    Telecom - Services1.9%4.4%

    The six largest sectors of each fund's stocks, % of the fund.

    HDFC NIFTY 100 Equal Weight Index vs HDFC NIFTY 100 ETF: Expense Ratio

    What each plan charges a year, from AMFI's expense ratio file

    ChargeHDFC NIFTY 100 Equal Weight Index FundHDFC NIFTY 100 ETF
    Total expense ratio (Direct)0.57%Not available
    Base expense ratio (Direct)0.36%0.00%
    Total expense ratio (Regular)1.03%Not available
    Base expense ratio (Regular)0.75%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.

    HDFC NIFTY 100 Equal Weight Index Fund vs HDFC NIFTY 100 ETF: Frequently Asked Questions

    What is the difference between HDFC NIFTY 100 Equal Weight Index Fund and HDFC NIFTY 100 ETF?

    HDFC NIFTY 100 Equal Weight Index Fund is an Index fund, HDFC NIFTY 100 ETF is an ETF fund, run by HDFC Mutual Fund. Their portfolios overlap 62.2%. HDFC NIFTY 100 Equal Weight Index Fund charges 0.57% a year and HDFC NIFTY 100 ETF 0.31%.

    Which has given higher returns, HDFC NIFTY 100 Equal Weight Index Fund or HDFC NIFTY 100 ETF?

    Over 1 year: HDFC NIFTY 100 Equal Weight Index Fund −4.26%, HDFC NIFTY 100 ETF −8.99%. Over 3 years: HDFC NIFTY 100 Equal Weight Index Fund +13.25% 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 NIFTY 100 Equal Weight Index Fund or HDFC NIFTY 100 ETF?

    HDFC NIFTY 100 ETF charges less: 0.31% a year against 0.57%. These are the total expense ratios reported to AMFI.

    How much do HDFC NIFTY 100 Equal Weight Index Fund and HDFC NIFTY 100 ETF overlap?

    62.2%. They hold 100 of the same securities, the largest shared ones being KOTAKBANK, ADANIPORTS, AXISBANK. From each fund's latest monthly portfolio.

    Which is riskier, HDFC NIFTY 100 Equal Weight Index Fund or HDFC NIFTY 100 ETF?

    On SEBI's riskometer, HDFC NIFTY 100 Equal Weight Index Fund is rated Very High and HDFC NIFTY 100 ETF Very High. Over 3 years, the standard deviation of daily returns was 15.28% and 13.69% a year.

    Which is better for SIP, HDFC NIFTY 100 Equal Weight Index 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 ₹3,89,325 in HDFC NIFTY 100 Equal Weight Index Fund (XIRR 3.3% 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 NIFTY 100 Equal Weight Index Fund and HDFC NIFTY 100 ETF?

    Yes. 62.2% of each fund's money sits in the same holdings, so a large part of the two investments would move together.

    Who manages HDFC NIFTY 100 Equal Weight Index Fund and HDFC NIFTY 100 ETF?

    HDFC NIFTY 100 Equal Weight Index Fund: Nandita Menezes, Arun Agarwal. 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.

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