HDFC NIFTY 100 ETF vs JioBlackRock Large Cap Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
HDFC NIFTY 100 ETF is an ETF fund and JioBlackRock Large Cap Fund is a Large Cap fund. HDFC NIFTY 100 ETF charges 0.31% a year and JioBlackRock Large Cap Fund 1.33%. Their portfolios overlap 57.6%: they hold 45 of the same securities.
Which is better, HDFC NIFTY 100 ETF or JioBlackRock Large Cap? 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 ETF costs less: 0.31% a year against 1.33%.
- JioBlackRock Large Cap fell less in its worst fall since 16-04-2026: −9.8% against −10.1%.
- HDFC NIFTY 100 ETF holds more in large companies: 98.0% of the fund in large caps against 82.5%.
- JioBlackRock Large Cap is the larger fund: ₹47 Cr against ₹41 Cr.
- Their portfolios overlap 57.6%: 45 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 ETF | JioBlackRock Large Cap Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | Jio BlackRock Mutual Fund |
| Category | ETF | Large Cap |
| AUM | ₹41 Cr (30-09-2026) | ₹47 Cr (30-09-2026) |
| NAV | ₹24.81 | ₹9.42 (Direct) |
| Expense ratio (Direct) | Not available | 1.33% |
| Expense ratio (Regular) | Not available | 2.41% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 100 TRI | BSE 100 TRI |
| Launch date | 05-08-2022 | 10-04-2026 |
| Minimum investment | 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 | ₹500 |
| Lock in | None | None |
| Fund managers | Abhishek Mor, Arun Agarwal | Sahil Chaudhary, Tanvi Kacheria |
| Exit load | Not available | Nil |
HDFC NIFTY 100 ETF vs JioBlackRock Large Cap: 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 ETF | +1.02% | −5.38% | −3.12% | −8.99% | +8.73% | -- | -- |
| JioBlackRock Large Cap Fund (Direct) | −0.26% | −6.44% | −5.00% | -- | -- | -- | -- |
| Large Cap average | +0.62% | −4.36% | −1.05% | -- | -- | -- | -- |
Category average: the average of the 35 Large Cap funds, same plan type.
HDFC NIFTY 100 ETF vs JioBlackRock Large Cap: Year-wise Returns
| Year | HDFC NIFTY 100 ETFHDFC NIFTY 100 ETF | JioBlackRock Large CapJioBlackRock Large Cap |
|---|---|---|
| 2026to date | −9.57% | -- |
| 2025 | +9.91% | -- |
| 2024 | +12.55% | -- |
| 2023 | +20.87% | -- |
HDFC NIFTY 100 ETF vs JioBlackRock Large Cap: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of HDFC NIFTY 100 ETF
HDFC NIFTY 100 ETF vs JioBlackRock Large Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC NIFTY 100 ETF | JioBlackRock Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.29% | −11.53% |
| Standard deviation | 12.92% | 11.36% |
| Sharpe ratio | 0.17 | -1.48 |
| Sortino ratio | 0.23 | -1.94 |
| Maximum drawdown | −17.3% (28-02-2025) | −9.8% (08-10-2026) |
| Beta | 1.00 | 0.94 |
| Alpha | −0.33% | −5.89% |
From daily NAVs, 05-08-2022 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 ETF
JioBlackRock Large Cap Fund (Direct)
Nifty 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC NIFTY 100 ETF | −10.1% | 03-08-2026 | 08-10-2026 | Not yet | -- | −7.3% |
| JioBlackRock Large Cap Fund (Direct) | −9.8% | 03-08-2026 | 08-10-2026 | Not yet | -- | −8.2% |
| Nifty 100 TRI | −10.0% | 03-08-2026 | 08-10-2026 | Not yet | -- | −7.3% |
From daily values since 16-04-2026, the first day every fund has.
HDFC NIFTY 100 ETF vs JioBlackRock Large Cap: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC NIFTY 100 ETF, September 2026; JioBlackRock Large Cap Fund, September 2026
Holdings in common
- Overlap
- 57.6%
- Held by both
- 45
- Only in HDFC NIFTY 100 ETF
- 55
- Only in JioBlackRock Large Cap
- 29
| Security | % of HDFC NIFTY 100 ETF | % of JioBlackRock Large Cap |
|---|---|---|
| HDFC Bank Ltd. | 8.41% | 7.38% |
| ICICI Bank Ltd. | 7.34% | 7.64% |
| Reliance Industries Ltd. | 6.15% | 4.49% |
| Bharti Airtel Ltd. | 4.14% | 6.25% |
| State Bank of India | 3.07% | 5.56% |
| Larsen and Toubro Ltd. | 3.41% | 2.45% |
| Mahindra & Mahindra Ltd. | 2.04% | 3.84% |
| Infosys Limited | 2.72% | 2.01% |
| Bajaj Finance Ltd. | 2.03% | 1.70% |
| Tata Consultancy Services Ltd. | 1.62% | 1.82% |
| Titan Company Ltd. | 1.47% | 2.41% |
| Axis Bank Ltd. | 2.73% | 1.45% |
| Tata Steel Ltd. | 1.18% | 3.53% |
| ITC LIMITED | 1.96% | 1.15% |
| UltraTech Cement Limited | 1.01% | 1.54% |
| HCL Technologies Ltd. | 1.00% | 1.40% |
| NTPC Limited | 1.19% | 0.91% |
| Sun Pharmaceutical Industries Ltd. | 1.49% | 0.87% |
| Asian Paints Limited | 0.84% | 1.02% |
| Coal India Ltd. | 0.79% | 1.79% |
| Adani Ports & Special Economic Zone | 1.09% | 0.77% |
| TVS Motor Company Ltd. | 0.75% | 0.89% |
| Nestle India Ltd. | 0.73% | 1.98% |
| Tata Motors Limited | 0.68% | 0.88% |
| Oil & Natural Gas Corporation Ltd. | 0.68% | 2.71% |
| Samvardhana Motherson International Ltd. | 0.56% | 0.68% |
| Apollo Hospitals Enterprise Ltd. | 0.65% | 0.54% |
| JSW Steel Ltd. | 0.93% | 0.52% |
| Hindustan Aeronautics Limited | 0.69% | 0.50% |
| Hindalco Industries Ltd. | 1.06% | 0.47% |
| Tech Mahindra Ltd. | 0.75% | 0.41% |
| Indian Oil Corporation Ltd. | 0.39% | 1.64% |
| Power Finance Corporation Ltd. | 0.37% | 1.22% |
| HDFC Asset Management Company Ltd. | 0.36% | 0.84% |
| GAIL (India) Ltd. | 0.36% | 1.25% |
| Bajaj Holdings & Investment Ltd | 0.36% | 0.50% |
| Shriram Finance Ltd. | 1.07% | 0.35% |
| Adani Power (Mundra) Limited | 0.66% | 0.34% |
| Eicher Motors Ltd. | 0.76% | 0.34% |
| Polycab India Limited | 0.33% | 0.85% |
| Hitachi Energy India Ltd. | 0.30% | 0.41% |
| Punjab National Bank | 0.30% | 1.67% |
| Divis Laboratories Ltd. | 0.92% | 0.22% |
| Pidilite Industries Ltd. | 0.35% | 0.05% |
| Bharat Petroleum Corporation Ltd. | 0.47% | 0.03% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 57.6% means 57.6% 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 ETF
| Security | % of fund |
|---|---|
| Kotak Mahindra Bank Limited | 2.38% |
| Eternal Limited | 1.80% |
| Hindustan Unilever Ltd. | 1.29% |
| Maruti Suzuki India Limited | 1.21% |
| Bharat Electronics Ltd. | 1.08% |
Largest holdings only in JioBlackRock Large Cap Fund
| Security | % of fund |
|---|---|
| Life Insurance Corporation Of India | 2.34% |
| Lupin Ltd | 2.08% |
| Yes Bank Ltd | 1.52% |
| Radico Khaitan Ltd | 1.51% |
| Nippon Life India Asset Management Ltd | 1.45% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC NIFTY 100 ETF | JioBlackRock Large Cap |
|---|---|---|
| Equity | 100.0% | 99.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 0.4% |
Market cap of stocks
| Market cap | HDFC NIFTY 100 ETF | JioBlackRock Large Cap |
|---|---|---|
| Large Cap | 98.0% | 82.5% |
| Mid Cap | 2.0% | 15.9% |
| Small Cap | 0.0% | 1.2% |
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 ETF | JioBlackRock Large Cap |
|---|---|---|
| Banks | 25.1% | 26.1% |
| Petroleum Products | 7.0% | 6.2% |
| IT - Software | 6.7% | 6.4% |
| Telecom - Services | 4.4% | 6.4% |
| Automobiles | 6.4% | 6.3% |
| Finance | 6.2% | 4.1% |
| Ferrous Metals | 2.4% | 5.1% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC NIFTY 100 ETF vs JioBlackRock Large Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC NIFTY 100 ETF | JioBlackRock Large Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.33% |
| Base expense ratio (Direct) | 0.00% | 0.50% |
| Total expense ratio (Regular) | Not available | 2.41% |
| Base expense ratio (Regular) | 0.25% | 1.61% |
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 ETF vs JioBlackRock Large Cap Fund: Frequently Asked Questions
What is the difference between HDFC NIFTY 100 ETF and JioBlackRock Large Cap Fund?
HDFC NIFTY 100 ETF is an ETF fund, JioBlackRock Large Cap Fund is a Large Cap fund, run by HDFC Mutual Fund and Jio BlackRock Mutual Fund. Their portfolios overlap 57.6%. HDFC NIFTY 100 ETF charges 0.31% a year and JioBlackRock Large Cap Fund 1.33%.
Which has the lower expense ratio, HDFC NIFTY 100 ETF or JioBlackRock Large Cap Fund?
HDFC NIFTY 100 ETF charges less: 0.31% a year against 1.33%. These are the total expense ratios reported to AMFI.
How much do HDFC NIFTY 100 ETF and JioBlackRock Large Cap Fund overlap?
57.6%. They hold 45 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, HDFC NIFTY 100 ETF or JioBlackRock Large Cap Fund?
On SEBI's riskometer, HDFC NIFTY 100 ETF is rated Very High and JioBlackRock Large Cap Fund Very High. Over their common history, the standard deviation of daily returns was 12.92% and 11.36% a year.
Can I invest in both HDFC NIFTY 100 ETF and JioBlackRock Large Cap Fund?
Yes. 57.6% 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 ETF and JioBlackRock Large Cap Fund?
HDFC NIFTY 100 ETF: Abhishek Mor, Arun Agarwal. JioBlackRock Large Cap Fund: Sahil Chaudhary, Tanvi Kacheria.
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.