HDFC NIFTY 100 ETF vs Parag Parikh 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 Parag Parikh Large Cap Fund is a Large Cap fund. HDFC NIFTY 100 ETF charges 0.31% a year and Parag Parikh Large Cap Fund 0.32%. Their portfolios overlap 99.3%: they hold 100 of the same securities.
Which is better, HDFC NIFTY 100 ETF or Parag Parikh 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 0.32%.
- Parag Parikh Large Cap fell less in its worst fall since 06-02-2026: −13.8% against −14.0%.
- Parag Parikh Large Cap is the larger fund: ₹866 Cr against ₹41 Cr.
- Their portfolios overlap 99.3%: 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
| Fact | HDFC NIFTY 100 ETF | Parag Parikh Large Cap Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | PPFAS Mutual Fund |
| Category | ETF | Large Cap |
| AUM | ₹41 Cr (30-09-2026) | ₹866 Cr (30-09-2026) |
| NAV | ₹24.81 | ₹9.20 (Direct) |
| Expense ratio (Direct) | Not available | 0.32% |
| Expense ratio (Regular) | Not available | 0.72% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 100 TRI | Nifty 100 TRI |
| Launch date | 05-08-2022 | 04-02-2026 |
| 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 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Abhishek Mor, Arun Agarwal | Rajeev Thakkar, Rukun Tarachandani, Raj Mehta, Raunak Onkar, Tejas Soman, Aishwarya Dhar |
| Exit load | Not available | NIL |
HDFC NIFTY 100 ETF vs Parag Parikh 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% | -- | -- |
| Parag Parikh Large Cap Fund (Direct) | +1.04% | −5.22% | −2.88% | -- | -- | -- | -- |
| 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 Parag Parikh Large Cap: Year-wise Returns
| Year | HDFC NIFTY 100 ETFHDFC NIFTY 100 ETF | Parag Parikh Large CapParag Parikh Large Cap | Nifty 100 TRI |
|---|---|---|---|
| 2026to date | −9.57% | -- | −9.32% |
| 2025 | +9.91% | -- | +10.24% |
| 2024 | +12.55% | -- | +12.95% |
| 2023 | +20.87% | -- | +21.24% |
HDFC NIFTY 100 ETF vs Parag Parikh Large Cap: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of both
HDFC NIFTY 100 ETF vs Parag Parikh 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 | Parag Parikh Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.29% | −10.75% |
| Standard deviation | 12.92% | 15.01% |
| Sharpe ratio | 0.17 | -1.06 |
| Sortino ratio | 0.23 | -1.40 |
| Maximum drawdown | −17.3% (28-02-2025) | −13.8% (30-03-2026) |
| Beta | 1.00 | 0.99 |
| Alpha | −0.33% | −0.02% |
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
Parag Parikh 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 | −14.0% | 11-02-2026 | 31-03-2026 | Not yet | -- | −9.3% |
| Parag Parikh Large Cap Fund (Direct) | −13.8% | 11-02-2026 | 30-03-2026 | Not yet | -- | −9.0% |
| Nifty 100 TRI | −13.9% | 11-02-2026 | 30-03-2026 | Not yet | -- | −9.1% |
From daily values since 06-02-2026, the first day every fund has.
HDFC NIFTY 100 ETF vs Parag Parikh Large Cap: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC NIFTY 100 ETF, September 2026; Parag Parikh Large Cap Fund, September 2026
Holdings in common
- Overlap
- 99.3%
- Held by both
- 100
- Only in HDFC NIFTY 100 ETF
- 0
- Only in Parag Parikh Large Cap
- 2
| Security | % of HDFC NIFTY 100 ETF | % of Parag Parikh Large Cap |
|---|---|---|
| HDFC Bank Ltd. | 8.41% | 8.36% |
| ICICI Bank Ltd. | 7.34% | 7.30% |
| Reliance Industries Ltd. | 6.15% | 6.18% |
| Bharti Airtel Ltd. | 4.14% | 4.14% |
| Larsen and Toubro Ltd. | 3.41% | 3.39% |
| State Bank of India | 3.07% | 3.06% |
| Axis Bank Ltd. | 2.73% | 2.71% |
| Infosys Limited | 2.72% | 2.70% |
| Kotak Mahindra Bank Limited | 2.38% | 2.37% |
| Mahindra & Mahindra Ltd. | 2.04% | 2.03% |
| Bajaj Finance Ltd. | 2.03% | 2.01% |
| ITC LIMITED | 1.96% | 1.95% |
| Eternal Limited | 1.80% | 1.78% |
| Tata Consultancy Services Ltd. | 1.62% | 1.61% |
| Sun Pharmaceutical Industries Ltd. | 1.49% | 1.48% |
| Titan Company Ltd. | 1.47% | 1.46% |
| Hindustan Unilever Ltd. | 1.29% | 1.28% |
| Maruti Suzuki India Limited | 1.21% | 1.20% |
| NTPC Limited | 1.19% | 1.18% |
| Tata Steel Ltd. | 1.18% | 1.17% |
| Adani Ports & Special Economic Zone | 1.09% | 1.09% |
| Bharat Electronics Ltd. | 1.08% | 1.07% |
| Shriram Finance Ltd. | 1.07% | 1.06% |
| Hindalco Industries Ltd. | 1.06% | 1.05% |
| UltraTech Cement Limited | 1.01% | 1.00% |
| HCL Technologies Ltd. | 1.00% | 1.00% |
| Bombay Stock Exchange Limited (BSE) | 0.98% | 0.97% |
| JSW Steel Ltd. | 0.93% | 0.93% |
| Bajaj Auto Limited | 0.92% | 0.93% |
| Divis Laboratories Ltd. | 0.92% | 0.91% |
| Power Grid Corporation of India Ltd. | 0.91% | 0.91% |
| Grasim Industries Ltd. | 0.89% | 0.89% |
| InterGlobe Aviation Ltd. | 0.87% | 0.87% |
| Asian Paints Limited | 0.84% | 0.84% |
| Coal India Ltd. | 0.79% | 0.78% |
| Bajaj Finserv Ltd. | 0.78% | 0.77% |
| Eicher Motors Ltd. | 0.76% | 0.76% |
| ADANI ENTERPRISES LIMTIED | 0.76% | 0.77% |
| Tech Mahindra Ltd. | 0.75% | 0.75% |
| TVS Motor Company Ltd. | 0.75% | 0.74% |
| Nestle India Ltd. | 0.73% | 0.72% |
| Hindustan Aeronautics Limited | 0.69% | 0.68% |
| Tata Motors Limited | 0.68% | 0.68% |
| Oil & Natural Gas Corporation Ltd. | 0.68% | 0.68% |
| Trent Ltd. | 0.68% | 0.67% |
| Adani Power (Mundra) Limited | 0.66% | 0.65% |
| Apollo Hospitals Enterprise Ltd. | 0.65% | 0.65% |
| SBI Life Insurance Company Ltd. | 0.59% | 0.59% |
| Cipla Ltd. | 0.59% | 0.58% |
| Dr Reddys Laboratories Ltd. | 0.58% | 0.58% |
| Samvardhana Motherson International Ltd. | 0.56% | 0.56% |
| Jio Financial Services Limited | 0.55% | 0.55% |
| Torrent Pharmaceuticals Ltd. | 0.55% | 0.54% |
| Cholamandalam Investment & Finance Co. Ltd. | 0.54% | 0.54% |
| Vedanta Aluminium Metal Limited | 0.54% | 0.55% |
| Max Healthcare Institute Limited | 0.54% | 0.53% |
| Cummins India Ltd. | 0.50% | 0.50% |
| Tata Consumer Products Limited | 0.48% | 0.48% |
| Avenue Supermarts Ltd. | 0.48% | 0.47% |
| Bharat Petroleum Corporation Ltd. | 0.47% | 0.47% |
| The Tata Power Company Ltd. | 0.47% | 0.46% |
| Varun Beverages Ltd | 0.46% | 0.46% |
| Tata Motors Passenger Vehicles Limited | 0.46% | 0.46% |
| CG Power and Industrial Solutions Ltd. | 0.45% | 0.45% |
| Britannia Industries Ltd. | 0.44% | 0.44% |
| HDFC Life Insurance Company Limited | 0.43% | 0.43% |
| Indian Oil Corporation Ltd. | 0.39% | 0.39% |
| Solar Industries India Ltd. | 0.37% | 0.37% |
| Power Finance Corporation Ltd. | 0.37% | 0.37% |
| HDFC Asset Management Company Ltd. | 0.36% | 0.36% |
| Bajaj Holdings & Investment Ltd | 0.36% | 0.36% |
| GAIL (India) Ltd. | 0.36% | 0.35% |
| Vedanta Ltd. | 0.35% | 0.35% |
| Pidilite Industries Ltd. | 0.35% | 0.35% |
| Adani Green Energy Limited | 0.33% | 0.33% |
| Bank of Baroda | 0.33% | 0.33% |
| DLF LIMITED | 0.33% | 0.33% |
| Wipro Ltd. | 0.33% | 0.33% |
| Polycab India Limited | 0.33% | 0.33% |
| Adani Energy Solutions Limited | 0.33% | 0.33% |
| Jindal Steel Limited. | 0.33% | 0.32% |
| Bosch Limited | 0.32% | 0.31% |
| Canara Bank | 0.31% | 0.31% |
| Hitachi Energy India Ltd. | 0.30% | 0.30% |
| Punjab National Bank | 0.30% | 0.30% |
| LTM Limited | 0.29% | 0.29% |
| ABB India Ltd. | 0.28% | 0.27% |
| VODAFONE IDEA LIMITED | 0.28% | 0.27% |
| Godrej Consumer Products Ltd. | 0.26% | 0.26% |
| Union Bank of India | 0.26% | 0.25% |
| Siemens Ltd. | 0.25% | 0.25% |
| Muthoot Finance Ltd. | 0.23% | 0.23% |
| Siemens Energy India Limited | 0.22% | 0.22% |
| Hyundai Motor India Limited | 0.22% | 0.22% |
| Zydus Lifesciences Limited | 0.22% | 0.22% |
| Hindustan Zinc Ltd. | 0.21% | 0.21% |
| Indian Railways Finance Corp. Ltd. | 0.14% | 0.14% |
| Tata Capital Ltd. | 0.14% | 0.14% |
| Mazagon Dock Shipbuilders Ltd | 0.12% | 0.12% |
| Ambuja Cements Ltd. | 0.18% | 0.03% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 99.3% means 99.3% 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
Every holding of this fund is also held by the other.
Largest holdings only in Parag Parikh Large Cap Fund
| Security | % of fund |
|---|---|
| Orient Cement Limited | 0.15% |
| Parag Parikh Liquid Fund- Direct Plan- Growth | 0.06% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC NIFTY 100 ETF | Parag Parikh Large Cap |
|---|---|---|
| Equity | 100.0% | 99.5% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 0.5% |
Market cap of stocks
| Market cap | HDFC NIFTY 100 ETF | Parag Parikh Large Cap |
|---|---|---|
| Large Cap | 98.0% | 97.4% |
| Mid Cap | 2.0% | 2.0% |
| Small Cap | 0.0% | 0.1% |
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 ETF | Parag Parikh Large Cap |
|---|---|---|
| Banks | 25.1% | 25.0% |
| Petroleum Products | 7.0% | 7.0% |
| IT - Software | 6.7% | 6.7% |
| Automobiles | 6.4% | 6.3% |
| Finance | 6.2% | 6.2% |
| Telecom - Services | 4.4% | 4.4% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC NIFTY 100 ETF vs Parag Parikh Large Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC NIFTY 100 ETF | Parag Parikh Large Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.32% |
| Base expense ratio (Direct) | 0.00% | 0.14% |
| Total expense ratio (Regular) | Not available | 0.72% |
| Base expense ratio (Regular) | 0.25% | 0.48% |
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 Parag Parikh Large Cap Fund: Frequently Asked Questions
What is the difference between HDFC NIFTY 100 ETF and Parag Parikh Large Cap Fund?
HDFC NIFTY 100 ETF is an ETF fund, Parag Parikh Large Cap Fund is a Large Cap fund, run by HDFC Mutual Fund and PPFAS Mutual Fund. Their portfolios overlap 99.3%. HDFC NIFTY 100 ETF charges 0.31% a year and Parag Parikh Large Cap Fund 0.32%.
Which has the lower expense ratio, HDFC NIFTY 100 ETF or Parag Parikh Large Cap Fund?
HDFC NIFTY 100 ETF charges less: 0.31% a year against 0.32%. These are the total expense ratios reported to AMFI.
How much do HDFC NIFTY 100 ETF and Parag Parikh Large Cap Fund overlap?
99.3%. They hold 100 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 Parag Parikh Large Cap Fund?
On SEBI's riskometer, HDFC NIFTY 100 ETF is rated Very High and Parag Parikh Large Cap Fund Very High. Over their common history, the standard deviation of daily returns was 12.92% and 15.01% a year.
Can I invest in both HDFC NIFTY 100 ETF and Parag Parikh Large Cap Fund?
Yes. 99.3% 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 Parag Parikh Large Cap Fund?
HDFC NIFTY 100 ETF: Abhishek Mor, Arun Agarwal. Parag Parikh Large Cap Fund: Rajeev Thakkar, Rukun Tarachandani, Raj Mehta, Raunak Onkar, Tejas Soman, Aishwarya Dhar.
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.