HDFC NIFTY 100 Equal Weight Index Fund vs NJ Value Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC NIFTY 100 Equal Weight Index Fund is an Index fund and NJ Value Fund is a Value and Contra fund. HDFC NIFTY 100 Equal Weight Index Fund charges 0.57% a year and NJ Value Fund 1.60% (Direct plans). Their portfolios overlap 31.9%: they hold 32 of the same securities.
HDFC NIFTY 100 Equal Weight Index Fund
Index
- Expense ratio
- 0.57%
- NAV
- ₹16.52
Which is better, HDFC NIFTY 100 Equal Weight Index or NJ Value? 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 costs less: 0.57% a year against 1.60% (Direct plans).
- NJ Value fell less in its worst fall since 03-08-2026: −10.7% against −11.2%.
- HDFC NIFTY 100 Equal Weight Index holds more in large companies: 94.0% of the fund in large caps against 40.9%.
- Their portfolios overlap 31.9%: 32 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 NIFTY 100 Equal Weight Index Fund | NJ Value Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | NJ Mutual Fund |
| Category | Index | Value and Contra |
| AUM | ₹517 Cr (30-09-2026) | Not available |
| NAV | ₹16.52 (Direct) | ₹9.11 (Direct) |
| Expense ratio (Direct) | 0.57% | 1.60% |
| Expense ratio (Regular) | 1.03% | 3.39% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 100 Equal Weighted TRI | Nifty 500 TRI |
| Launch date | 23-02-2022 | 30-07-2026 |
| Minimum investment | ₹100 | ₹500 |
| Lock in | None | None |
| Fund managers | Nandita Menezes, Arun Agarwal | Dhaval Patel, Viral Shah, Jaimin Ilavia |
| Exit load | NIL | Nil |
HDFC NIFTY 100 Equal Weight Index vs NJ Value: 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 NIFTY 100 Equal Weight Index Fund (Direct) | −1.07% | −6.84% | −2.88% | −4.26% | +13.25% | -- | -- |
| NJ Value Fund (Direct) | −1.19% | -- | -- | -- | -- | -- | -- |
| Value and Contra average | −2.09% | -- | -- | -- | -- | -- | -- |
Category average: the average of the 30 Value and Contra funds, same plan type.
HDFC NIFTY 100 Equal Weight Index vs NJ Value: Year-wise Returns
| Year | HDFC NIFTY 100 Equal Weight IndexHDFC NIFTY 100 Equal Weight Index | NJ ValueNJ Value |
|---|---|---|
| 2026to date | −3.91% | -- |
| 2025 | +8.89% | -- |
| 2024 | +16.75% | -- |
| 2023 | +29.88% | -- |
HDFC NIFTY 100 Equal Weight Index vs NJ Value: Rolling Returns
Every holding period of both funds, against Nifty100 Equal Weight TRI, the benchmark of HDFC NIFTY 100 Equal Weight Index Fund
HDFC NIFTY 100 Equal Weight Index vs NJ Value: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC NIFTY 100 Equal Weight Index Fund (Direct) | NJ Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.35% | −33.20% |
| Standard deviation | 14.83% | 11.23% |
| Sharpe ratio | 0.36 | -3.42 |
| Sortino ratio | 0.49 | -3.90 |
| Maximum drawdown | −21.6% (28-02-2025) | −10.7% (23-10-2026) |
| Beta | 0.99 | 0.94 |
| Alpha | −0.61% | −6.42% |
From daily NAVs, 23-02-2022 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 NIFTY 100 Equal Weight Index Fund (Direct)
NJ Value Fund (Direct)
Nifty100 Equal Weight TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC NIFTY 100 Equal Weight Index Fund (Direct) | −11.2% | 03-08-2026 | 23-10-2026 | Not yet | -- | −8.9% |
| NJ Value Fund (Direct) | −10.7% | 05-08-2026 | 23-10-2026 | Not yet | -- | −9.3% |
| Nifty100 Equal Weight TRI | −11.2% | 03-08-2026 | 23-10-2026 | Not yet | -- | −8.8% |
From daily values since 03-08-2026, the first day every fund has.
HDFC NIFTY 100 Equal Weight Index vs NJ Value: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC NIFTY 100 Equal Weight Index Fund, September 2026; NJ Value Fund, September 2026
Holdings in common
- Overlap
- 31.9%
- Held by both
- 32
- Only in HDFC NIFTY 100 Equal Weight Index
- 68
- Only in NJ Value
- 43
| Security | % of HDFC NIFTY 100 Equal Weight Index | % of NJ Value |
|---|---|---|
| Maruti Suzuki India Limited | 1.02% | 1.20% |
| Infosys Limited | 1.02% | 1.26% |
| Samvardhana Motherson International Ltd. | 1.01% | 1.55% |
| DLF LIMITED | 1.01% | 1.46% |
| GAIL (India) Ltd. | 1.01% | 1.35% |
| Tata Consultancy Services Ltd. | 1.01% | 1.24% |
| Bajaj Holdings & Investment Ltd | 1.01% | 1.34% |
| NTPC Limited | 1.01% | 1.33% |
| Asian Paints Limited | 1.01% | 1.25% |
| Bharti Airtel Ltd. | 1.01% | 1.28% |
| Sun Pharmaceutical Industries Ltd. | 1.01% | 1.31% |
| Bosch Limited | 1.00% | 1.64% |
| ITC LIMITED | 1.00% | 1.34% |
| Hindustan Aeronautics Limited | 1.00% | 1.44% |
| HCL Technologies Ltd. | 1.00% | 1.31% |
| Bank of Baroda | 1.00% | 1.34% |
| Reliance Industries Ltd. | 0.99% | 1.30% |
| Bajaj Auto Limited | 0.99% | 1.35% |
| Muthoot Finance Ltd. | 0.99% | 1.24% |
| Power Grid Corporation of India Ltd. | 0.99% | 1.31% |
| Zydus Lifesciences Limited | 0.99% | 1.48% |
| Larsen and Toubro Ltd. | 0.99% | 1.37% |
| Hindustan Unilever Ltd. | 0.99% | 1.28% |
| Hindalco Industries Ltd. | 0.99% | 1.38% |
| Cipla Ltd. | 0.99% | 1.31% |
| Wipro Ltd. | 0.99% | 1.24% |
| Power Finance Corporation Ltd. | 0.99% | 1.08% |
| Punjab National Bank | 0.99% | 1.41% |
| Oil & Natural Gas Corporation Ltd. | 0.98% | 1.33% |
| HDFC Asset Management Company Ltd. | 0.98% | 1.23% |
| Canara Bank | 0.98% | 1.35% |
| Union Bank of India | 0.97% | 1.41% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 31.9% means 31.9% 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 NIFTY 100 Equal Weight Index Fund
| Security | % of fund |
|---|---|
| Kotak Mahindra Bank Limited | 1.06% |
| Dr Reddys Laboratories Ltd. | 1.05% |
| InterGlobe Aviation Ltd. | 1.03% |
| Adani Ports & Special Economic Zone | 1.03% |
| Adani Power (Mundra) Limited | 1.03% |
Largest holdings only in NJ Value Fund
| Security | % of fund |
|---|---|
| Redington Limited | 1.81% |
| The Great Eastern Shipping Company Limited | 1.66% |
| Jubilant Foodworks Limited | 1.49% |
| Jindal Stainless Limited | 1.46% |
| LIC Housing Finance Limited | 1.43% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC NIFTY 100 Equal Weight Index | NJ Value |
|---|---|---|
| Equity | 99.9% | 99.4% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.1% | 0.6% |
Market cap of stocks
| Market cap | HDFC NIFTY 100 Equal Weight Index | NJ Value |
|---|---|---|
| Large Cap | 94.0% | 40.9% |
| Mid Cap | 6.0% | 34.3% |
| Small Cap | 0.0% | 24.1% |
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 NIFTY 100 Equal Weight Index | NJ Value |
|---|---|---|
| Banks | 9.0% | 12.2% |
| Finance | 10.0% | 8.6% |
| IT - Software | 6.0% | 8.7% |
| Auto Components | 2.0% | 8.3% |
| Pharmaceuticals & Biotechnology | 6.0% | 7.9% |
| Automobiles | 7.0% | 4.0% |
| Power | 6.0% | 2.6% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC NIFTY 100 Equal Weight Index vs NJ Value: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC NIFTY 100 Equal Weight Index Fund | NJ Value Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.57% | 1.60% |
| Base expense ratio (Direct) | 0.36% | 0.58% |
| Total expense ratio (Regular) | 1.03% | 3.39% |
| Base expense ratio (Regular) | 0.75% | 2.10% |
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 NIFTY 100 Equal Weight Index Fund vs NJ Value Fund: Frequently Asked Questions
What is the difference between HDFC NIFTY 100 Equal Weight Index Fund and NJ Value Fund?
HDFC NIFTY 100 Equal Weight Index Fund is an Index fund, NJ Value Fund is a Value and Contra fund, run by HDFC Mutual Fund and NJ Mutual Fund. Their portfolios overlap 31.9%. HDFC NIFTY 100 Equal Weight Index Fund charges 0.57% a year and NJ Value Fund 1.60%.
Which has the lower expense ratio, HDFC NIFTY 100 Equal Weight Index Fund or NJ Value Fund?
HDFC NIFTY 100 Equal Weight Index Fund charges less: 0.57% a year against 1.60%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC NIFTY 100 Equal Weight Index Fund and NJ Value Fund overlap?
31.9%. They hold 32 of the same securities, the largest shared ones being MARUTI, INFY, MOTHERSON. From each fund's latest monthly portfolio.
Which is riskier, HDFC NIFTY 100 Equal Weight Index Fund or NJ Value Fund?
On SEBI's riskometer, HDFC NIFTY 100 Equal Weight Index Fund is rated Very High and NJ Value Fund Very High. Over their common history, the standard deviation of daily returns was 14.83% and 11.23% a year.
Can I invest in both HDFC NIFTY 100 Equal Weight Index Fund and NJ Value Fund?
Yes. 31.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HDFC NIFTY 100 Equal Weight Index Fund and NJ Value Fund?
HDFC NIFTY 100 Equal Weight Index Fund: Nandita Menezes, Arun Agarwal. NJ Value Fund: Dhaval Patel, Viral Shah, Jaimin Ilavia.
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.