HDFC NIFTY 100 ETF vs Unifi Flexi 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 Unifi Flexi Cap Fund is a Flexi Cap fund. In the year to 30-10-2026, HDFC NIFTY 100 ETF returned −9.0% and Unifi Flexi Cap Fund (Direct) returned 1.8%. HDFC NIFTY 100 ETF charges 0.31% a year and Unifi Flexi Cap Fund 1.42%. Their portfolios overlap 31.1%: they hold 20 of the same securities.
Which is better, HDFC NIFTY 100 ETF or Unifi Flexi Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Unifi Flexi Cap returned more over 1 year: 1.8% against −9.0%.
- HDFC NIFTY 100 ETF costs less: 0.31% a year against 1.42%.
- Unifi Flexi Cap fell less in its worst fall since 09-06-2025: −13.2% against −15.0%.
- HDFC NIFTY 100 ETF holds more in large companies: 98.0% of the fund in large caps against 42.3%.
- Unifi Flexi Cap is the larger fund: ₹239 Cr against ₹41 Cr.
- Their portfolios overlap 31.1%: 20 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 | Unifi Flexi Cap Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | Unifi Mutual Fund |
| Category | ETF | Flexi Cap |
| AUM | ₹41 Cr (30-09-2026) | ₹239 Cr (30-09-2026) |
| NAV | ₹24.81 | ₹10.56 (Direct) |
| Expense ratio (Direct) | Not available | 1.42% |
| Expense ratio (Regular) | Not available | 2.70% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty 100 TRI | Not available |
| Launch date | 05-08-2022 | Not available |
| 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 | Not available |
| Lock in | None | Not available |
| Fund managers | Abhishek Mor, Arun Agarwal | Not available |
| Exit load | Not available | Not available |
HDFC NIFTY 100 ETF vs Unifi Flexi 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% | -- | -- |
| Unifi Flexi Cap Fund (Direct) | −0.48% | −0.17% | +4.66% | +1.80% | -- | -- | -- |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | -- | -- | -- |
Category average: the average of the 46 Flexi Cap funds, same plan type.
HDFC NIFTY 100 ETF vs Unifi Flexi Cap: Year-wise Returns
| Year | HDFC NIFTY 100 ETFHDFC NIFTY 100 ETF | Unifi Flexi CapUnifi Flexi Cap |
|---|---|---|
| 2026to date | −9.57% | +1.43% |
| 2025 | +9.91% | -- |
| 2024 | +12.55% | -- |
| 2023 | +20.87% | -- |
HDFC NIFTY 100 ETF vs Unifi Flexi Cap: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of HDFC NIFTY 100 ETF
Rolling returns
Every 1-year holding period, 98 of them, one for each trading day from 09-06-2026 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.
HDFC NIFTY 100 ETF
Unifi Flexi Cap Fund (Direct)
Nifty 100 TRI
to
Jun 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HDFC NIFTY 100 ETF | 75.5 | 24.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −2.7% | −1.9% | −10.8% | 4.0% | 0% |
| Unifi Flexi Cap | 3.0 | 54.5 | 42.4 | 0.0 | 0.0 | 0.0 | 0.0 | 4.8% | 4.4% | −0.7% | 9.8% | 100% |
| Nifty 100 TRI | 73.5 | 26.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −2.4% | −1.6% | −10.5% | 4.4% | -- |
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 Nifty 100 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 09-06-2025. Past returns do not promise future returns.
HDFC NIFTY 100 ETF vs Unifi Flexi Cap: 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
₹10,000 on the first trading day of every month, from 02-06-2025 to 30-10-2026: 17 instalments, ₹1,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC NIFTY 100 ETFHDFC NIFTY 100 ETF | ₹1,70,000 | ₹1,62,079 | −₹7,921 | −6.3% |
| Unifi Flexi CapUnifi Flexi Cap Fund (Direct) | ₹1,70,000 | ₹1,75,567 | ₹5,567 | 4.4% |
HDFC NIFTY 100 ETFHDFC NIFTY 100 ETF
Unifi Flexi CapUnifi Flexi Cap Fund (Direct)
Amount 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 ETF vs Unifi Flexi 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 | Unifi Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.99% | +1.80% |
| Standard deviation | 14.04% | 14.29% |
| Sharpe ratio | -1.01 | -0.24 |
| Sortino ratio | -1.35 | -0.33 |
| Maximum drawdown | −15.0% (31-03-2026) | −13.2% (31-03-2026) |
| Beta | 1.00 | 0.95 |
| Alpha | −0.30% | +8.53% |
From daily NAVs, 30-10-2025 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.
| Measure | HDFC NIFTY 100 ETF | Unifi Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.29% | +3.17% |
| Standard deviation | 12.92% | 12.78% |
| Sharpe ratio | 0.17 | -0.17 |
| Sortino ratio | 0.23 | -0.23 |
| Maximum drawdown | −17.3% (28-02-2025) | −13.2% (31-03-2026) |
| Beta | 1.00 | 0.93 |
| Alpha | −0.33% | +6.01% |
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
Unifi Flexi 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 | −15.0% | 02-01-2026 | 31-03-2026 | Not yet | -- | −10.4% |
| Unifi Flexi Cap Fund (Direct) | −13.2% | 02-01-2026 | 31-03-2026 | 18-06-2026 | 3 months | −3.4% |
| Nifty 100 TRI | −14.9% | 02-01-2026 | 30-03-2026 | Not yet | -- | −10.1% |
From daily values since 09-06-2025, 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 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
HDFC NIFTY 100 ETF
Unifi Flexi Cap Fund (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC NIFTY 100 ETF | 99% | 101% | 0.02% |
| Unifi Flexi Cap Fund (Direct) | 98% | 63% | 5.46% |
From month-end values since 09-06-2025. 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 ETF vs Unifi Flexi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC NIFTY 100 ETF, September 2026; Unifi Flexi Cap Fund, September 2026
Holdings in common
- Overlap
- 31.1%
- Held by both
- 20
- Only in HDFC NIFTY 100 ETF
- 80
- Only in Unifi Flexi Cap
- 35
| Security | % of HDFC NIFTY 100 ETF | % of Unifi Flexi Cap |
|---|---|---|
| Bharti Airtel Ltd. | 4.14% | 3.76% |
| ICICI Bank Ltd. | 7.34% | 3.40% |
| Reliance Industries Ltd. | 6.15% | 3.08% |
| Larsen and Toubro Ltd. | 3.41% | 2.68% |
| Kotak Mahindra Bank Limited | 2.38% | 2.79% |
| Axis Bank Ltd. | 2.73% | 2.19% |
| HDFC Bank Ltd. | 8.41% | 2.08% |
| State Bank of India | 3.07% | 1.93% |
| NTPC Limited | 1.19% | 1.42% |
| Tata Steel Ltd. | 1.18% | 1.16% |
| Adani Ports & Special Economic Zone | 1.09% | 3.69% |
| Mahindra & Mahindra Ltd. | 2.04% | 0.99% |
| Bajaj Auto Limited | 0.92% | 1.40% |
| Tech Mahindra Ltd. | 0.75% | 0.96% |
| TVS Motor Company Ltd. | 0.75% | 1.20% |
| Hindustan Aeronautics Limited | 0.69% | 3.13% |
| Apollo Hospitals Enterprise Ltd. | 0.65% | 2.29% |
| Torrent Pharmaceuticals Ltd. | 0.55% | 1.41% |
| Vedanta Aluminium Metal Limited | 0.54% | 1.56% |
| HDFC Asset Management Company Ltd. | 0.36% | 1.15% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 31.1% means 31.1% 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 |
|---|---|
| Infosys Limited | 2.72% |
| Bajaj Finance Ltd. | 2.03% |
| ITC LIMITED | 1.96% |
| Eternal Limited | 1.80% |
| Tata Consultancy Services Ltd. | 1.62% |
Largest holdings only in Unifi Flexi Cap Fund
| Security | % of fund |
|---|---|
| The South Indian Bank Limited | 4.65% |
| Deepa Jewellers Limited | 4.63% |
| Fedbank Financial Ser Limited | 3.48% |
| CARE Ratings Limited | 3.25% |
| Pearl Global Industries Limited | 2.47% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC NIFTY 100 ETF | Unifi Flexi Cap |
|---|---|---|
| Equity | 100.0% | 98.2% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 1.8% |
Market cap of stocks
| Market cap | HDFC NIFTY 100 ETF | Unifi Flexi Cap |
|---|---|---|
| Large Cap | 98.0% | 42.3% |
| Mid Cap | 2.0% | 9.1% |
| Small Cap | 0.0% | 41.5% |
| Not on AMFI's list | 0.0% | 5.3% |
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 | Unifi Flexi Cap |
|---|---|---|
| Banks | 25.1% | 17.0% |
| Pharmaceuticals & Biotechnology | 4.3% | 8.4% |
| Petroleum Products | 7.0% | 3.1% |
| Finance | 6.2% | 7.0% |
| Consumer Durables | 2.3% | 6.7% |
| IT - Software | 6.7% | 2.8% |
| Automobiles | 6.4% | 3.6% |
| Capital Markets | 1.3% | 5.8% |
| Healthcare Services | 1.2% | 5.2% |
| Telecom - Services | 4.4% | 3.8% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC NIFTY 100 ETF vs Unifi Flexi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC NIFTY 100 ETF | Unifi Flexi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.42% |
| Base expense ratio (Direct) | 0.00% | 1.00% |
| Total expense ratio (Regular) | Not available | 2.70% |
| Base expense ratio (Regular) | 0.25% | 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 ETF vs Unifi Flexi Cap Fund: Frequently Asked Questions
What is the difference between HDFC NIFTY 100 ETF and Unifi Flexi Cap Fund?
HDFC NIFTY 100 ETF is an ETF fund, Unifi Flexi Cap Fund is a Flexi Cap fund, run by HDFC Mutual Fund and Unifi Mutual Fund. Their portfolios overlap 31.1%. HDFC NIFTY 100 ETF charges 0.31% a year and Unifi Flexi Cap Fund 1.42%.
Which has given higher returns, HDFC NIFTY 100 ETF or Unifi Flexi Cap Fund?
Over 1 year: HDFC NIFTY 100 ETF −8.99%, Unifi Flexi Cap Fund +1.80%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC NIFTY 100 ETF or Unifi Flexi Cap Fund?
HDFC NIFTY 100 ETF charges less: 0.31% a year against 1.42%. These are the total expense ratios reported to AMFI.
How much do HDFC NIFTY 100 ETF and Unifi Flexi Cap Fund overlap?
31.1%. They hold 20 of the same securities, the largest shared ones being BHARTIARTL, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Can I invest in both HDFC NIFTY 100 ETF and Unifi Flexi Cap Fund?
Yes. 31.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.