HDFC NIFTY 100 Index Fund vs Shriram Aggressive Hybrid Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC NIFTY 100 Index Fund is an Index fund and Shriram Aggressive Hybrid Fund is an Aggressive Hybrid fund. In the 3 years to 30-10-2026, HDFC NIFTY 100 Index Fund (Direct) returned 8.7% a year and Shriram Aggressive Hybrid Fund (Direct) returned 8.7% a year. HDFC NIFTY 100 Index Fund charges 0.36% a year and Shriram Aggressive Hybrid Fund 0.87% (Direct plans). Their portfolios overlap 46.5%: they hold 40 of the same securities.
HDFC NIFTY 100 Index Fund
Index
- 3 year return
- 8.7%
- Expense ratio
- 0.36%
- NAV
- ₹14.33
Shriram Aggressive Hybrid Fund
Aggressive Hybrid
- 3 year return
- 8.7%
- Expense ratio
- 0.87%
- NAV
- ₹35.80
Which is better, HDFC NIFTY 100 Index or Shriram Aggressive Hybrid? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Shriram Aggressive Hybrid returned more over 3 years: 8.7% a year against 8.7%.
- Shriram Aggressive Hybrid returned more over 1 year: −3.6% against −9.0%.
- HDFC NIFTY 100 Index costs less: 0.36% a year against 0.87% (Direct plans).
- Shriram Aggressive Hybrid swung less over 3 years: a standard deviation of 10.9% a year against 13.6%.
- Shriram Aggressive Hybrid fell less in its worst fall since 23-02-2022: −16.2% against −17.3%.
- HDFC NIFTY 100 Index holds more in large companies: 98.0% of the fund in large caps against 53.4%.
- HDFC NIFTY 100 Index is the larger fund: ₹457 Cr against ₹50 Cr.
- Their portfolios overlap 46.5%: 40 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 Index Fund | Shriram Aggressive Hybrid Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | Shriram Mutual Fund |
| Category | Index | Aggressive Hybrid |
| AUM | ₹457 Cr (30-09-2026) | ₹50 Cr (30-09-2026) |
| NAV | ₹14.33 (Direct) | ₹35.80 (Direct) |
| Expense ratio (Direct) | 0.36% | 0.87% |
| Expense ratio (Regular) | 0.81% | 2.47% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 100 TRI | CRISIL Hybrid 35+65 - Aggressive Index |
| Launch date | 23-02-2022 | 29-11-2013 |
| Minimum investment | ₹100 | ₹500 |
| Lock in | None | None |
| Fund managers | Nandita Menezes, Arun Agarwal | Hitesh Savanth, Prateek Nigudkar, Amit Modani |
| Exit load | NIL | Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days. |
HDFC NIFTY 100 Index vs Shriram Aggressive Hybrid: 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 Index Fund (Direct) | +1.01% | −5.39% | −3.12% | −9.00% | +8.65% | -- | -- |
| Shriram Aggressive Hybrid Fund (Direct) | −0.39% | −4.34% | −1.16% | −3.58% | +8.71% | +7.51% | +9.58% |
| Aggressive Hybrid average | −0.88% | −3.67% | −0.27% | −3.33% | +10.77% | +9.35% | +11.60% |
Category average: the average of the 29 Aggressive Hybrid funds, same plan type.
HDFC NIFTY 100 Index vs Shriram Aggressive Hybrid: Year-wise Returns
| Year | HDFC NIFTY 100 IndexHDFC NIFTY 100 Index | Shriram Aggressive HybridShriram Aggressive Hybrid |
|---|---|---|
| 2026to date | −9.57% | −4.52% |
| 2025 | +9.87% | +4.02% |
| 2024 | +12.39% | +15.06% |
| 2023 | +20.80% | +22.83% |
| 2022 | -- | +3.16% |
| 2021 | -- | +16.74% |
HDFC NIFTY 100 Index vs Shriram Aggressive Hybrid: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of HDFC NIFTY 100 Index Fund
Rolling returns
Every 3-year holding period, 413 of them, one for each trading day from 24-02-2025 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 Index Fund (Direct)
Shriram Aggressive Hybrid Fund (Direct)
Nifty 100 TRI
to
Apr 2025Jul 2022
to
Jul 2025Nov 2022
to
Nov 2025Feb 2023
to
Feb 2026Jun 2023
to
Jun 2026Sept 2023
to
Sept 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 Index | 0.0 | 0.0 | 15.0 | 67.3 | 17.7 | 0.0 | 0.0 | 12.8% | 13.0% | 6.7% | 19.0% | 0% |
| Shriram Aggressive Hybrid | 0.0 | 0.0 | 9.7 | 83.8 | 6.5 | 0.0 | 0.0 | 12.3% | 12.4% | 8.0% | 16.4% | 28% |
| Nifty 100 TRI | 0.0 | 0.0 | 11.1 | 65.1 | 23.7 | 0.0 | 0.0 | 13.2% | 13.5% | 7.1% | 19.6% | -- |
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 23-02-2022. Past returns do not promise future returns.
HDFC NIFTY 100 Index vs Shriram Aggressive Hybrid: 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 23-02-2022 to 30-10-2026: 57 instalments, ₹5,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC NIFTY 100 IndexHDFC NIFTY 100 Index Fund (Direct) | ₹5,70,000 | ₹6,47,968 | ₹77,968 | 5.4% |
| Shriram Aggressive HybridShriram Aggressive Hybrid Fund (Direct) | ₹5,70,000 | ₹6,64,169 | ₹94,169 | 6.4% |
HDFC NIFTY 100 IndexHDFC NIFTY 100 Index Fund (Direct)
Shriram Aggressive HybridShriram Aggressive Hybrid 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 Index vs Shriram Aggressive Hybrid: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC NIFTY 100 Index Fund (Direct) | Shriram Aggressive Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.00% | −3.58% |
| Standard deviation | 13.87% | 9.78% |
| Sharpe ratio | -1.03 | -0.90 |
| Sortino ratio | -1.37 | -1.21 |
| Maximum drawdown | −15.0% (31-03-2026) | −10.1% (30-03-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.33% | -- |
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 Index Fund (Direct) | Shriram Aggressive Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.65% | +8.71% |
| Standard deviation | 13.63% | 10.87% |
| Sharpe ratio | 0.19 | 0.25 |
| Sortino ratio | 0.27 | 0.32 |
| Maximum drawdown | −17.3% (28-02-2025) | −16.2% (28-02-2025) |
| Beta | 1.00 | -- |
| Alpha | −0.42% | -- |
From daily NAVs, 30-10-2023 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 Index Fund (Direct) | Shriram Aggressive Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.00% | +10.40% |
| Standard deviation | 13.63% | 11.21% |
| Sharpe ratio | 0.15 | 0.40 |
| Sortino ratio | 0.21 | 0.54 |
| Maximum drawdown | −17.3% (28-02-2025) | −25.7% (23-03-2020) |
| Beta | 1.00 | -- |
| Alpha | −0.44% | -- |
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 Index Fund (Direct)
Shriram Aggressive Hybrid 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 Index Fund (Direct) | −17.3% | 26-09-2024 | 28-02-2025 | Not yet | -- | −10.7% |
| Shriram Aggressive Hybrid Fund (Direct) | −16.2% | 27-09-2024 | 28-02-2025 | Not yet | -- | −6.4% |
| Nifty 100 TRI | −17.2% | 26-09-2024 | 28-02-2025 | 02-01-2026 | 10 months | −10.1% |
From daily values since 23-02-2022, 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 Index Fund (Direct)
Shriram Aggressive Hybrid Fund (Direct)
Nifty 100 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
HDFC NIFTY 100 Index Fund (Direct)
Shriram Aggressive Hybrid Fund (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC NIFTY 100 Index Fund (Direct) | 99% | 100% | 0.11% |
| Shriram Aggressive Hybrid Fund (Direct) | 81% | 70% | 5.41% |
From month-end values since 23-02-2022. 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 Shriram Aggressive Hybrid: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC NIFTY 100 Index Fund, September 2026; Shriram Aggressive Hybrid Fund, September 2026
Holdings in common
- Overlap
- 46.5%
- Held by both
- 40
- Only in HDFC NIFTY 100 Index
- 60
- Only in Shriram Aggressive Hybrid
- 47
| Security | % of HDFC NIFTY 100 Index | % of Shriram Aggressive Hybrid |
|---|---|---|
| HDFC Bank Ltd. | 8.42% | 4.32% |
| ICICI Bank Ltd. | 7.35% | 3.92% |
| Reliance Industries Ltd. | 6.15% | 3.41% |
| Bharti Airtel Ltd. | 4.14% | 3.14% |
| Axis Bank Ltd. | 2.73% | 3.69% |
| State Bank of India | 3.07% | 2.31% |
| Mahindra & Mahindra Ltd. | 2.04% | 2.53% |
| ITC LIMITED | 1.96% | 1.86% |
| Larsen and Toubro Ltd. | 3.41% | 1.56% |
| Sun Pharmaceutical Industries Ltd. | 1.49% | 1.78% |
| Eternal Limited | 1.80% | 1.37% |
| Tata Consultancy Services Ltd. | 1.62% | 1.28% |
| NTPC Limited | 1.19% | 1.22% |
| Infosys Limited | 2.72% | 1.10% |
| Hindalco Industries Ltd. | 1.06% | 1.13% |
| Maruti Suzuki India Limited | 1.21% | 1.05% |
| Kotak Mahindra Bank Limited | 2.38% | 0.96% |
| InterGlobe Aviation Ltd. | 0.87% | 1.15% |
| Bharat Electronics Ltd. | 1.08% | 0.80% |
| Tata Steel Ltd. | 1.19% | 0.77% |
| Adani Ports & Special Economic Zone | 1.09% | 0.76% |
| Eicher Motors Ltd. | 0.76% | 0.87% |
| TVS Motor Company Ltd. | 0.75% | 1.14% |
| HCL Technologies Ltd. | 1.00% | 0.74% |
| Tata Motors Limited | 0.68% | 0.61% |
| Power Grid Corporation of India Ltd. | 0.91% | 0.59% |
| Cipla Ltd. | 0.59% | 0.81% |
| SBI Life Insurance Company Ltd. | 0.59% | 1.75% |
| Oil & Natural Gas Corporation Ltd. | 0.68% | 0.55% |
| Bharat Petroleum Corporation Ltd. | 0.47% | 0.48% |
| Varun Beverages Ltd | 0.46% | 1.22% |
| GAIL (India) Ltd. | 0.36% | 0.43% |
| Bajaj Holdings & Investment Ltd | 0.36% | 1.52% |
| HDFC Life Insurance Company Limited | 0.43% | 0.34% |
| DLF LIMITED | 0.34% | 0.43% |
| Siemens Ltd. | 0.26% | 0.38% |
| Coal India Ltd. | 0.79% | 0.21% |
| Apollo Hospitals Enterprise Ltd. | 0.65% | 0.20% |
| Bombay Stock Exchange Limited (BSE) | 0.97% | 0.19% |
| Ambuja Cements Ltd. | 0.18% | 0.78% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 46.5% means 46.5% 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
| Security | % of fund |
|---|---|
| Bajaj Finance Ltd. | 2.03% |
| Titan Company Ltd. | 1.47% |
| Hindustan Unilever Ltd. | 1.29% |
| Shriram Finance Ltd. | 1.07% |
| UltraTech Cement Limited | 1.01% |
Largest holdings only in Shriram Aggressive Hybrid Fund
| Security | % of fund |
|---|---|
| BANK OF BARODA CD RED 12-02-27 | 6.87% |
| 6.54% GOVT OF INDIA RED 17-01-2032 | 5.99% |
| UNION BANK OF INDIA CD RED 22-02-2027 | 5.88% |
| 8.54% REC LTD NCD RED 15-11-28 | 5.50% |
| Coforge Ltd. | 1.26% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC NIFTY 100 Index | Shriram Aggressive Hybrid |
|---|---|---|
| Equity | 100.1% | 74.0% |
| Debt | 0.0% | 24.2% |
| Cash and others | -0.1% | 1.7% |
Market cap of stocks
| Market cap | HDFC NIFTY 100 Index | Shriram Aggressive Hybrid |
|---|---|---|
| Large Cap | 98.0% | 53.4% |
| Mid Cap | 2.0% | 8.4% |
| Small Cap | 0.0% | 12.0% |
| Not on AMFI's list | 0.0% | 0.3% |
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 Index | Shriram Aggressive Hybrid |
|---|---|---|
| Banks | 25.1% | 15.2% |
| Petroleum Products | 7.0% | 3.9% |
| IT - Software | 6.7% | 4.4% |
| Automobiles | 6.4% | 5.6% |
| Finance | 6.2% | 2.5% |
| Telecom - Services | 4.4% | 3.1% |
| Pharmaceuticals & Biotechnology | 4.3% | 4.2% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC NIFTY 100 Index vs Shriram Aggressive Hybrid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC NIFTY 100 Index Fund | Shriram Aggressive Hybrid Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.36% | 0.87% |
| Base expense ratio (Direct) | 0.25% | 0.68% |
| Total expense ratio (Regular) | 0.81% | 2.47% |
| Base expense ratio (Regular) | 0.64% | 2.08% |
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
Compare Shriram Aggressive Hybrid with
HDFC NIFTY 100 Index Fund vs Shriram Aggressive Hybrid Fund: Frequently Asked Questions
What is the difference between HDFC NIFTY 100 Index Fund and Shriram Aggressive Hybrid Fund?
HDFC NIFTY 100 Index Fund is an Index fund, Shriram Aggressive Hybrid Fund is an Aggressive Hybrid fund, run by HDFC Mutual Fund and Shriram Mutual Fund. Their portfolios overlap 46.5%. HDFC NIFTY 100 Index Fund charges 0.36% a year and Shriram Aggressive Hybrid Fund 0.87%.
Which has given higher returns, HDFC NIFTY 100 Index Fund or Shriram Aggressive Hybrid Fund?
Over 1 year: HDFC NIFTY 100 Index Fund −9.00%, Shriram Aggressive Hybrid Fund −3.58%. Over 3 years: HDFC NIFTY 100 Index Fund +8.65% a year, Shriram Aggressive Hybrid Fund +8.71% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC NIFTY 100 Index Fund or Shriram Aggressive Hybrid Fund?
HDFC NIFTY 100 Index Fund charges less: 0.36% a year against 0.87%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC NIFTY 100 Index Fund and Shriram Aggressive Hybrid Fund overlap?
46.5%. They hold 40 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 Shriram Aggressive Hybrid Fund?
On SEBI's riskometer, HDFC NIFTY 100 Index Fund is rated Very High and Shriram Aggressive Hybrid Fund Very High. Over 3 years, the standard deviation of daily returns was 13.63% and 10.87% a year.
Which is better for SIP, HDFC NIFTY 100 Index Fund or Shriram Aggressive Hybrid Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,71,127 in HDFC NIFTY 100 Index Fund (XIRR 0.2% a year) and ₹3,80,660 in Shriram Aggressive Hybrid Fund (XIRR 1.8% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both HDFC NIFTY 100 Index Fund and Shriram Aggressive Hybrid Fund?
Yes. 46.5% 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 Shriram Aggressive Hybrid Fund?
HDFC NIFTY 100 Index Fund: Nandita Menezes, Arun Agarwal. Shriram Aggressive Hybrid Fund: Hitesh Savanth, Prateek Nigudkar, Amit Modani.
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.