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    HDFC NIFTY 100 Index Fund vs Motilal Oswal Nifty 100 ETF

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

    HDFC NIFTY 100 Index Fund is an Index fund and Motilal Oswal Nifty 100 ETF is an ETF fund. In the year to 30-10-2026, HDFC NIFTY 100 Index Fund (Direct) returned −9.0% and Motilal Oswal Nifty 100 ETF returned −9.1%. HDFC NIFTY 100 Index Fund charges 0.36% a year and Motilal Oswal Nifty 100 ETF 0.68%. Their portfolios overlap 100.0%: they hold 100 of the same securities.

    HDFC NIFTY 100 Index Fund

    Index

    1 year return
    −9.0%
    Expense ratio
    0.36%
    NAV
    ₹14.33
    See HDFC NIFTY 100 Index Fund

    Motilal Oswal Nifty 100 ETF

    ETF

    1 year return
    −9.1%
    Expense ratio
    0.68%
    NAV
    ₹24.13
    See Motilal Oswal Nifty 100 ETF

    Which is better, HDFC NIFTY 100 Index or Motilal Oswal 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 Index returned more over 1 year: −9.0% against −9.1%.
    • HDFC NIFTY 100 Index costs less: 0.36% a year against 0.68%.
    • HDFC NIFTY 100 Index fell less in its worst fall since 16-10-2025: −15.0% against −15.0%.
    • HDFC NIFTY 100 Index is the larger fund: ₹457 Cr against ₹16 Cr.
    • Their portfolios overlap 100.0%: 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 Index FundMotilal Oswal Nifty 100 ETF
    Fund houseHDFC Mutual FundMotilal Oswal Mutual Fund
    CategoryIndexETF
    AUM₹457 Cr (30-09-2026)₹16 Cr (30-09-2026)
    NAV₹14.33 (Direct)₹24.13
    Expense ratio (Direct)0.36%Not available
    Expense ratio (Regular)0.81%Not available
    RiskometerVery HighVery High
    BenchmarkNifty 100 TRINifty 100 TRI
    Launch date23-02-202216-10-2025
    Minimum investment₹100Ongoing Basis: On Exchange: Investors can buy/sell units of the Scheme in round lots of 1 unit and in multiples thereof. Directly with the Mutual Fund: For Eligible investors: Transactions must be in multiple of unit creation size and the execution value
    Lock inNoneNone
    Fund managersNandita Menezes, Arun AgarwalSwapnil Mayekar, Dishant Mehta, Rakesh Shetty
    Exit loadNILNil

    HDFC NIFTY 100 Index vs Motilal Oswal 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 Index Fund (Direct)+1.01%−5.39%−3.12%−9.00%+8.65%----
    Motilal Oswal Nifty 100 ETF+1.00%−5.44%−3.26%−9.06%------

    HDFC NIFTY 100 Index vs Motilal Oswal Nifty 100 ETF: Year-wise Returns

    YearHDFC NIFTY 100 IndexHDFC NIFTY 100 IndexMotilal Oswal Nifty 100 ETFMotilal Oswal Nifty 100 ETFNifty 100 TRI
    2026to date−9.57%−9.75%−9.32%
    2025+9.87%--+10.24%
    2024+12.39%--+12.95%
    2023+20.80%--+21.24%

    HDFC NIFTY 100 Index vs Motilal Oswal Nifty 100 ETF: Rolling Returns

    Every holding period of both funds, against Nifty 100 TRI, the benchmark of both

    HDFC NIFTY 100 Index vs Motilal Oswal 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 01-10-2025 to 30-10-2026: 13 instalments, ₹1,30,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    HDFC NIFTY 100 IndexHDFC NIFTY 100 Index Fund (Direct) ₹1,30,000 ₹1,23,950 −₹6,050 −8.0%
    Motilal Oswal Nifty 100 ETFMotilal Oswal Nifty 100 ETF ₹1,30,000 ₹1,23,641 −₹6,359 −8.4%
    ₹0₹50,000₹1.0 L₹1.5 L
    2026
    HDFC NIFTY 100 IndexHDFC NIFTY 100 Index Fund (Direct)Motilal Oswal Nifty 100 ETFMotilal Oswal 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 Index vs Motilal Oswal 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 Index Fund (Direct)Motilal Oswal Nifty 100 ETF
    Return (CAGR)−9.00%−9.06%
    Standard deviation13.87%14.04%
    Sharpe ratio-1.03-1.02
    Sortino ratio-1.37-1.35
    Maximum drawdown−15.0% (31-03-2026)−15.0% (31-03-2026)
    Beta1.001.00
    Alpha−0.33%−0.38%

    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.

    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.

    −20%−15%−10%−5%0%
    2026
    HDFC NIFTY 100 Index Fund (Direct)Motilal Oswal Nifty 100 ETFNifty 100 TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    HDFC NIFTY 100 Index Fund (Direct)−15.0%02-01-202631-03-2026Not yet--−10.4%
    Motilal Oswal Nifty 100 ETF−15.0%02-01-202631-03-2026Not yet--−10.5%
    Nifty 100 TRI−14.9%02-01-202630-03-2026Not yet--−10.1%

    From daily values since 16-10-2025, 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.

    0%5%10%15%
    HDFC NIFTY 100 Index Fund (Direct)Motilal Oswal Nifty 100 ETFNifty 100 TRI

    Against Nifty 100 TRI

    FundUp captureDown captureTracking error
    HDFC NIFTY 100 Index Fund (Direct)99%101%0.04%
    Motilal Oswal Nifty 100 ETF99%101%0.15%

    From month-end values since 16-10-2025. 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 Index vs Motilal Oswal Nifty 100 ETF: Portfolio Overlap

    From each fund's latest monthly portfolio: HDFC NIFTY 100 Index Fund, September 2026; Motilal Oswal Nifty 100 ETF, September 2026

    Holdings in common

    Overlap
    100.0%
    Held by both
    100
    Only in HDFC NIFTY 100 Index
    0
    Only in Motilal Oswal Nifty 100 ETF
    0
    Security% of HDFC NIFTY 100 Index% of Motilal Oswal Nifty 100 ETF
    HDFC Bank Ltd.8.42%8.41%
    ICICI Bank Ltd.7.35%7.34%
    Reliance Industries Ltd.6.15%6.15%
    Bharti Airtel Ltd.4.14%4.14%
    Larsen and Toubro Ltd.3.41%3.41%
    State Bank of India3.07%3.07%
    Axis Bank Ltd.2.73%2.73%
    Infosys Limited2.72%2.72%
    Kotak Mahindra Bank Limited2.38%2.38%
    Mahindra & Mahindra Ltd.2.04%2.04%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 100.0% means 100.0% 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 Index Fund

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

    Largest holdings only in Motilal Oswal 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 IndexMotilal Oswal Nifty 100 ETF
    Equity100.1%100.0%
    Debt0.0%0.0%
    Cash and others-0.1%-0.0%

    Market cap of stocks

    Market capHDFC NIFTY 100 IndexMotilal Oswal Nifty 100 ETF
    Large Cap98.0%98.0%
    Mid Cap2.0%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 IndexMotilal Oswal Nifty 100 ETF
    Banks25.1%25.1%
    Petroleum Products7.0%7.0%
    IT - Software6.7%6.7%
    Automobiles6.4%6.4%
    Finance6.2%6.2%
    Telecom - Services4.4%4.4%

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

    HDFC NIFTY 100 Index vs Motilal Oswal Nifty 100 ETF: Expense Ratio

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

    ChargeHDFC NIFTY 100 Index FundMotilal Oswal Nifty 100 ETF
    Total expense ratio (Direct)0.36%Not available
    Base expense ratio (Direct)0.25%0.00%
    Total expense ratio (Regular)0.81%Not available
    Base expense ratio (Regular)0.64%0.45%

    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 Index Fund vs Motilal Oswal Nifty 100 ETF: Frequently Asked Questions

    What is the difference between HDFC NIFTY 100 Index Fund and Motilal Oswal Nifty 100 ETF?

    HDFC NIFTY 100 Index Fund is an Index fund, Motilal Oswal Nifty 100 ETF is an ETF fund, run by HDFC Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 100.0%. HDFC NIFTY 100 Index Fund charges 0.36% a year and Motilal Oswal Nifty 100 ETF 0.68%.

    Which has given higher returns, HDFC NIFTY 100 Index Fund or Motilal Oswal Nifty 100 ETF?

    Over 1 year: HDFC NIFTY 100 Index Fund −9.00%, Motilal Oswal Nifty 100 ETF −9.06%. As on 30-10-2026. Past returns do not promise future returns.

    Which has the lower expense ratio, HDFC NIFTY 100 Index Fund or Motilal Oswal Nifty 100 ETF?

    HDFC NIFTY 100 Index Fund charges less: 0.36% a year against 0.68%. These are the total expense ratios reported to AMFI.

    How much do HDFC NIFTY 100 Index Fund and Motilal Oswal Nifty 100 ETF overlap?

    100.0%. 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 Index Fund or Motilal Oswal Nifty 100 ETF?

    On SEBI's riskometer, HDFC NIFTY 100 Index Fund is rated Very High and Motilal Oswal Nifty 100 ETF Very High. Over 1 years, the standard deviation of daily returns was 13.87% and 14.04% a year.

    Can I invest in both HDFC NIFTY 100 Index Fund and Motilal Oswal Nifty 100 ETF?

    Yes. 100.0% 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 Index Fund and Motilal Oswal Nifty 100 ETF?

    HDFC NIFTY 100 Index Fund: Nandita Menezes, Arun Agarwal. Motilal Oswal Nifty 100 ETF: Swapnil Mayekar, Dishant Mehta, Rakesh Shetty.

    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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