HDFC Nifty 50 Index Fund vs SBI NIFTY Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Nifty 50 Index Fund is an Index fund and SBI NIFTY Index Fund is an Index fund. In the 3 years to 30-10-2026, HDFC Nifty 50 Index Fund (Direct) returned 7.3% a year and SBI NIFTY Index Fund (Direct) returned 7.3% a year. HDFC Nifty 50 Index Fund charges 0.29% a year and SBI NIFTY Index Fund 0.24% (Direct plans). Their portfolios overlap 100.0%: they hold 50 of the same securities.
HDFC Nifty 50 Index Fund
Index
- 3 year return
- 7.3%
- Expense ratio
- 0.29%
- NAV
- ₹225.66
Which is better, HDFC Nifty 50 Index or SBI NIFTY Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI NIFTY Index returned more over 5 years: 6.4% a year against 6.4%.
- SBI NIFTY Index returned more over 3 years: 7.3% a year against 7.3%.
- SBI NIFTY Index costs less: 0.24% a year against 0.29% (Direct plans).
- HDFC Nifty 50 Index swung less over 3 years: a standard deviation of 13.2% a year against 13.2%.
- HDFC Nifty 50 Index fell less in its worst fall since 02-01-2013: −38.4% against −38.4%.
- HDFC Nifty 50 Index is the larger fund: ₹22,246 Cr against ₹13,190 Cr.
- Their portfolios overlap 100.0%: 50 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 50 Index Fund | SBI NIFTY Index Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | SBI Mutual Fund |
| Category | Index | Index |
| AUM | ₹22,246 Cr (30-09-2026) | ₹13,190 Cr (30-09-2026) |
| NAV | ₹225.66 (Direct) | ₹215.76 (Direct) |
| Expense ratio (Direct) | 0.29% | 0.24% |
| Expense ratio (Regular) | 0.44% | 0.44% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 50 TRI | Nifty 50 TRI |
| Launch date | 17-07-2002 | 17-01-2002 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Nandita Menezes, Arun Agarwal | Raviprakash Sharma |
| Exit load | In respect of each purchase /switch-in of Units, an Exit Load of 0.25% is payable if Units are redeemed/ switched-out within 3 days from the date of allotment.No Exit Load is payable if Units are redeemed / switched-out after 3 days from the date of allotment. | Exit load of 0.25% if redeemed within 30 days |
HDFC Nifty 50 Index vs SBI NIFTY Index: 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 50 Index Fund (Direct) | +1.93% | −5.08% | −3.27% | −10.24% | +7.33% | +6.41% | +11.29% |
| SBI NIFTY Index Fund (Direct) | +1.94% | −5.06% | −3.24% | −10.22% | +7.34% | +6.43% | +11.22% |
HDFC Nifty 50 Index vs SBI NIFTY Index: Year-wise Returns
| Year | HDFC Nifty 50HDFC Nifty 50 Index | SBI NIFTYSBI NIFTY Index | Nifty 50 TRI |
|---|---|---|---|
| 2026to date | −11.11% | −11.09% | −10.91% |
| 2025 | +11.61% | +11.58% | +11.88% |
| 2024 | +9.75% | +9.80% | +10.09% |
| 2023 | +21.02% | +21.04% | +21.30% |
| 2022 | +5.39% | +5.43% | +5.69% |
| 2021 | +25.24% | +25.10% | +25.59% |
HDFC Nifty 50 Index vs SBI NIFTY Index: Rolling Returns
Every holding period of both funds, against Nifty 50 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 2,666 of them, one for each trading day from 04-01-2016 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 50 Index Fund (Direct)
SBI NIFTY Index Fund (Direct)
Nifty 50 TRI
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
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 50 Index | 0.8 | 3.2 | 21.3 | 45.4 | 23.1 | 4.5 | 1.7 | 12.9% | 13.1% | −4.7% | 31.9% | 0% |
| SBI NIFTY Index | 0.9 | 3.3 | 22.7 | 45.2 | 21.8 | 4.4 | 1.6 | 12.7% | 12.9% | −4.9% | 31.8% | 0% |
| Nifty 50 TRI | 0.7 | 2.8 | 19.6 | 43.2 | 27.0 | 4.8 | 1.8 | 13.3% | 13.4% | −4.5% | 32.4% | -- |
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 50 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 02-01-2013. Past returns do not promise future returns.
HDFC Nifty 50 Index vs SBI NIFTY Index: 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 01-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC Nifty 50 IndexHDFC Nifty 50 Index Fund (Direct) | ₹16,60,000 | ₹36,64,324 | ₹20,04,324 | 10.8% |
| SBI NIFTY IndexSBI NIFTY Index Fund (Direct) | ₹16,60,000 | ₹36,28,395 | ₹19,68,395 | 10.6% |
HDFC Nifty 50 IndexHDFC Nifty 50 Index Fund (Direct)
SBI NIFTY IndexSBI NIFTY Index 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 50 Index vs SBI NIFTY Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Nifty 50 Index Fund (Direct) | SBI NIFTY Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.24% | −10.22% |
| Standard deviation | 13.61% | 13.62% |
| Sharpe ratio | -1.14 | -1.14 |
| Sortino ratio | -1.52 | -1.52 |
| Maximum drawdown | −15.1% (31-03-2026) | −15.1% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.26% | −0.23% |
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 50 Index Fund (Direct) | SBI NIFTY Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.33% | +7.34% |
| Standard deviation | 13.20% | 13.21% |
| Sharpe ratio | 0.10 | 0.10 |
| Sortino ratio | 0.14 | 0.14 |
| Maximum drawdown | −15.5% (04-03-2025) | −15.5% (04-03-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.30% | −0.29% |
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 50 Index Fund (Direct) | SBI NIFTY Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.41% | +6.43% |
| Standard deviation | 13.68% | 13.69% |
| Sharpe ratio | 0.04 | 0.05 |
| Sortino ratio | 0.06 | 0.06 |
| Maximum drawdown | −15.9% (17-06-2022) | −15.9% (17-06-2022) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.28% | −0.27% |
From daily NAVs, 29-10-2021 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 50 Index Fund (Direct) | SBI NIFTY Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.30% | +10.95% |
| Standard deviation | 15.82% | 15.84% |
| Sharpe ratio | 0.33 | 0.31 |
| Sortino ratio | 0.46 | 0.42 |
| Maximum drawdown | −38.4% (23-03-2020) | −38.4% (23-03-2020) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.31% | −0.62% |
From daily NAVs, 01-01-2013 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 50 Index Fund (Direct)
SBI NIFTY Index Fund (Direct)
Nifty 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC Nifty 50 Index Fund (Direct) | −38.4% | 14-01-2020 | 23-03-2020 | 09-11-2020 | 8 months | −11.8% |
| SBI NIFTY Index Fund (Direct) | −38.4% | 14-01-2020 | 23-03-2020 | 09-11-2020 | 8 months | −11.8% |
| Nifty 50 TRI | −38.3% | 14-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −11.6% |
From daily values since 02-01-2013, 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 50 Index Fund (Direct)
SBI NIFTY Index Fund (Direct)
Nifty 50 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 50 Index Fund (Direct)
SBI NIFTY Index Fund (Direct)
Nifty 50 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
HDFC Nifty 50 Index Fund (Direct)
SBI NIFTY Index Fund (Direct)
Nifty 50 TRI
Against Nifty 50 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC Nifty 50 Index Fund (Direct) | 99% | 100% | 0.32% |
| SBI NIFTY Index Fund (Direct) | 99% | 101% | 0.34% |
From month-end values since 02-01-2013. 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 50 Index vs SBI NIFTY Index: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Nifty 50 Index Fund, September 2026; SBI NIFTY Index Fund, September 2026
Holdings in common
- Overlap
- 100.0%
- Held by both
- 50
- Only in HDFC Nifty 50 Index
- 0
- Only in SBI NIFTY Index
- 0
| Security | % of HDFC Nifty 50 Index | % of SBI NIFTY Index |
|---|---|---|
| HDFC Bank Ltd. | 10.38% | 10.40% |
| ICICI Bank Ltd. | 9.05% | 9.07% |
| Reliance Industries Ltd. | 7.58% | 7.60% |
| Bharti Airtel Ltd. | 5.11% | 5.12% |
| Larsen and Toubro Ltd. | 4.21% | 4.21% |
| State Bank of India | 3.79% | 3.80% |
| Axis Bank Ltd. | 3.37% | 3.37% |
| Infosys Limited | 3.36% | 3.36% |
| Kotak Mahindra Bank Limited | 2.93% | 2.94% |
| Mahindra & Mahindra Ltd. | 2.52% | 2.52% |
| Bajaj Finance Ltd. | 2.50% | 2.51% |
| ITC LIMITED | 2.42% | 2.43% |
| Eternal Limited | 2.22% | 2.22% |
| Tata Consultancy Services Ltd. | 2.00% | 2.00% |
| Sun Pharmaceutical Industries Ltd. | 1.84% | 1.84% |
| Titan Company Ltd. | 1.81% | 1.81% |
| Hindustan Unilever Ltd. | 1.59% | 1.60% |
| Maruti Suzuki India Limited | 1.49% | 1.49% |
| NTPC Limited | 1.47% | 1.47% |
| Tata Steel Ltd. | 1.46% | 1.46% |
| Adani Ports & Special Economic Zone | 1.35% | 1.35% |
| Bharat Electronics Ltd. | 1.33% | 1.33% |
| Shriram Finance Ltd. | 1.32% | 1.32% |
| Hindalco Industries Ltd. | 1.30% | 1.31% |
| HCL Technologies Ltd. | 1.24% | 1.24% |
| UltraTech Cement Limited | 1.24% | 1.24% |
| Bombay Stock Exchange Limited (BSE) | 1.21% | 1.21% |
| JSW Steel Ltd. | 1.15% | 1.16% |
| Bajaj Auto Limited | 1.13% | 1.14% |
| Power Grid Corporation of India Ltd. | 1.13% | 1.13% |
| Grasim Industries Ltd. | 1.10% | 1.11% |
| InterGlobe Aviation Ltd. | 1.08% | 1.08% |
| Asian Paints Limited | 1.04% | 1.04% |
| Coal India Ltd. | 0.97% | 0.97% |
| Bajaj Finserv Ltd. | 0.96% | 0.96% |
| ADANI ENTERPRISES LIMTIED | 0.94% | 0.94% |
| Eicher Motors Ltd. | 0.94% | 0.94% |
| Tech Mahindra Ltd. | 0.93% | 0.93% |
| Nestle India Ltd. | 0.90% | 0.90% |
| Oil & Natural Gas Corporation Ltd. | 0.84% | 0.84% |
| Trent Ltd. | 0.83% | 0.84% |
| Apollo Hospitals Enterprise Ltd. | 0.80% | 0.80% |
| SBI Life Insurance Company Ltd. | 0.73% | 0.73% |
| Dr Reddys Laboratories Ltd. | 0.72% | 0.72% |
| Cipla Ltd. | 0.72% | 0.73% |
| Jio Financial Services Limited | 0.68% | 0.68% |
| Max Healthcare Institute Limited | 0.66% | 0.66% |
| Tata Consumer Products Limited | 0.59% | 0.59% |
| Tata Motors Passenger Vehicles Limited | 0.57% | 0.57% |
| HDFC Life Insurance Company Limited | 0.54% | 0.54% |
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 50 Index Fund
Every holding of this fund is also held by the other.
Largest holdings only in SBI NIFTY Index Fund
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
| Asset | HDFC Nifty 50 Index | SBI NIFTY Index |
|---|---|---|
| Equity | 100.0% | 100.2% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.0% | -0.2% |
Market cap of stocks
| Market cap | HDFC Nifty 50 Index | SBI NIFTY Index |
|---|---|---|
| Large Cap | 98.7% | 98.8% |
| Mid Cap | 1.4% | 1.4% |
| Small Cap | 0.0% | 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
| Sector | HDFC Nifty 50 Index | SBI NIFTY Index |
|---|---|---|
| Banks | 29.5% | 29.6% |
| Petroleum Products | 7.6% | 7.6% |
| IT - Software | 7.5% | 7.5% |
| Automobiles | 6.7% | 6.7% |
| Finance | 5.5% | 5.5% |
| Telecom - Services | 5.1% | 5.1% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Nifty 50 Index vs SBI NIFTY Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Nifty 50 Index Fund | SBI NIFTY Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.29% | 0.24% |
| Base expense ratio (Direct) | 0.22% | 0.16% |
| Total expense ratio (Regular) | 0.44% | 0.44% |
| Base expense ratio (Regular) | 0.35% | 0.33% |
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 50 Index Fund vs SBI NIFTY Index Fund: Frequently Asked Questions
What is the difference between HDFC Nifty 50 Index Fund and SBI NIFTY Index Fund?
HDFC Nifty 50 Index Fund is an Index fund, SBI NIFTY Index Fund is an Index fund, run by HDFC Mutual Fund and SBI Mutual Fund. Their portfolios overlap 100.0%. HDFC Nifty 50 Index Fund charges 0.29% a year and SBI NIFTY Index Fund 0.24%.
Which has given higher returns, HDFC Nifty 50 Index Fund or SBI NIFTY Index Fund?
Over 1 year: HDFC Nifty 50 Index Fund −10.24%, SBI NIFTY Index Fund −10.22%. Over 3 years: HDFC Nifty 50 Index Fund +7.33% a year, SBI NIFTY Index Fund +7.34% a year. Over 5 years: HDFC Nifty 50 Index Fund +6.41% a year, SBI NIFTY Index Fund +6.43% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC Nifty 50 Index Fund or SBI NIFTY Index Fund?
SBI NIFTY Index Fund charges less: 0.24% a year against 0.29%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Nifty 50 Index Fund and SBI NIFTY Index Fund overlap?
100.0%. They hold 50 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, HDFC Nifty 50 Index Fund or SBI NIFTY Index Fund?
On SEBI's riskometer, HDFC Nifty 50 Index Fund is rated Very High and SBI NIFTY Index Fund Very High. Over 3 years, the standard deviation of daily returns was 13.20% and 13.21% a year.
Which is better for SIP, HDFC Nifty 50 Index Fund or SBI NIFTY Index Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹6,92,191 in HDFC Nifty 50 Index Fund (XIRR 4.9% a year) and ₹6,92,459 in SBI NIFTY Index Fund (XIRR 4.9% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both HDFC Nifty 50 Index Fund and SBI NIFTY Index Fund?
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 50 Index Fund and SBI NIFTY Index Fund?
HDFC Nifty 50 Index Fund: Nandita Menezes, Arun Agarwal. SBI NIFTY Index Fund: Raviprakash Sharma.
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.