HDFC NIFTY Bank ETF vs Invesco India Nifty Bank ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
HDFC NIFTY Bank ETF is an ETF fund and Invesco India Nifty Bank ETF is an ETF fund. HDFC NIFTY Bank ETF charges 0.17% a year and Invesco India Nifty Bank ETF 1.44%. Their portfolios overlap 99.9%: they hold 14 of the same securities.
Which is better, HDFC NIFTY Bank ETF or Invesco India Nifty Bank 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 Bank ETF costs less: 0.17% a year against 1.44%.
- Invesco India Nifty Bank ETF fell less in its worst fall since 20-08-2026: −7.0% against −7.0%.
- HDFC NIFTY Bank ETF is the larger fund: ₹2,031 Cr against ₹6 Cr.
- Their portfolios overlap 99.9%: 14 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 Bank ETF | Invesco India Nifty Bank ETF |
|---|---|---|
| Fund house | HDFC Mutual Fund | Invesco Mutual Fund |
| Category | ETF | ETF |
| AUM | ₹2,031 Cr (30-09-2026) | ₹6 Cr (30-09-2026) |
| NAV | ₹56.36 | ₹54.65 (Regular) |
| Expense ratio (Direct) | Not available | Not available |
| Expense ratio (Regular) | Not available | 1.44% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Bank TRI | Nifty Bank TRI |
| Launch date | 21-08-2020 | 10-08-2026 |
| Minimum investment | On an On-going Basis: A. On the Stock Exchange: Investors (including Market Makers and Large Investors) can subscribe (buy) Units on a continuous basis on the Stock Exchanges, in minimum lot of 1 (one) unit and in multiples thereof. B. Directly with the F | Not available |
| Lock in | None | None |
| Fund managers | Abhishek Mor, Arun Agarwal | Abhisek Bahinipati |
| Exit load | Not available | Not available |
HDFC NIFTY Bank ETF vs Invesco India Nifty Bank ETF: 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 Bank ETF | +0.09% | −4.20% | +0.22% | −5.36% | +8.94% | +7.56% | -- |
| Invesco India Nifty Bank ETF (Regular) | +0.09% | -- | -- | -- | -- | -- | -- |
HDFC NIFTY Bank ETF vs Invesco India Nifty Bank ETF: Year-wise Returns
| Year | HDFCHDFC NIFTY Bank ETF | Invesco IndiaInvesco India Nifty Bank ETF | Nifty Bank TRI |
|---|---|---|---|
| 2026to date | −7.79% | -- | −7.61% |
| 2025 | +17.87% | -- | +18.08% |
| 2024 | +6.04% | -- | +6.26% |
| 2023 | +13.08% | -- | +13.29% |
| 2022 | +21.81% | -- | +22.14% |
| 2021 | +13.58% | -- | +13.90% |
HDFC NIFTY Bank ETF vs Invesco India Nifty Bank ETF: Rolling Returns
Every holding period of both funds, against Nifty Bank TRI, the benchmark of both
HDFC NIFTY Bank ETF vs Invesco India Nifty Bank ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC NIFTY Bank ETF | Invesco India Nifty Bank ETF (Regular) |
|---|---|---|
| Return (CAGR) | +16.15% | −22.70% |
| Standard deviation | 18.60% | 12.34% |
| Sharpe ratio | 0.58 | -2.27 |
| Sortino ratio | 0.85 | -2.82 |
| Maximum drawdown | −20.6% (16-06-2022) | −7.0% (27-10-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.25% | −0.01% |
From daily NAVs, 21-08-2020 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 Bank ETF
Invesco India Nifty Bank ETF (Regular)
Nifty Bank TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC NIFTY Bank ETF | −7.0% | 31-08-2026 | 27-10-2026 | Not yet | -- | −5.8% |
| Invesco India Nifty Bank ETF (Regular) | −7.0% | 31-08-2026 | 27-10-2026 | Not yet | -- | −5.8% |
| Nifty Bank TRI | −7.0% | 31-08-2026 | 27-10-2026 | Not yet | -- | −5.8% |
From daily values since 20-08-2026, the first day every fund has.
HDFC NIFTY Bank ETF vs Invesco India Nifty Bank ETF: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC NIFTY Bank ETF, September 2026; Invesco India Nifty Bank ETF, September 2026
Holdings in common
- Overlap
- 99.9%
- Held by both
- 14
- Only in HDFC NIFTY Bank ETF
- 0
- Only in Invesco India Nifty Bank ETF
- 0
| Security | % of HDFC NIFTY Bank ETF | % of Invesco India Nifty Bank ETF |
|---|---|---|
| HDFC Bank Ltd. | 18.61% | 18.61% |
| ICICI Bank Ltd. | 14.18% | 14.17% |
| Kotak Mahindra Bank Limited | 10.20% | 10.19% |
| Axis Bank Ltd. | 10.06% | 10.05% |
| State Bank of India | 9.93% | 9.93% |
| The Federal Bank Ltd. | 6.56% | 6.55% |
| Indusind Bank Ltd. | 4.97% | 4.96% |
| Au Small Finance Bank Ltd. | 4.85% | 4.85% |
| IDFC First Bank Limited | 4.54% | 4.53% |
| Bank of Baroda | 3.59% | 3.59% |
| Canara Bank | 3.37% | 3.36% |
| Punjab National Bank | 3.27% | 3.26% |
| Yes Bank Ltd. | 3.01% | 3.00% |
| Union Bank of India | 2.86% | 2.85% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 99.9% means 99.9% 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 Bank ETF
Every holding of this fund is also held by the other.
Largest holdings only in Invesco India Nifty Bank 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
| Asset | HDFC NIFTY Bank ETF | Invesco India Nifty Bank ETF |
|---|---|---|
| Equity | 100.0% | 99.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 0.1% |
Market cap of stocks
| Market cap | HDFC NIFTY Bank ETF | Invesco India Nifty Bank ETF |
|---|---|---|
| Large Cap | 76.1% | 76.0% |
| Mid Cap | 23.9% | 23.9% |
| 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 Bank ETF | Invesco India Nifty Bank ETF |
|---|---|---|
| Banks | 100.0% | 99.9% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC NIFTY Bank ETF vs Invesco India Nifty Bank ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC NIFTY Bank ETF | Invesco India Nifty Bank ETF |
|---|---|---|
| Base expense ratio (Direct) | 0.00% | 0.00% |
| Total expense ratio (Regular) | Not available | 1.44% |
| Base expense ratio (Regular) | 0.14% | 0.11% |
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 Bank ETF vs Invesco India Nifty Bank ETF: Frequently Asked Questions
What is the difference between HDFC NIFTY Bank ETF and Invesco India Nifty Bank ETF?
HDFC NIFTY Bank ETF is an ETF fund, Invesco India Nifty Bank ETF is an ETF fund, run by HDFC Mutual Fund and Invesco Mutual Fund. Their portfolios overlap 99.9%. HDFC NIFTY Bank ETF charges 0.17% a year and Invesco India Nifty Bank ETF 1.44%.
Which has the lower expense ratio, HDFC NIFTY Bank ETF or Invesco India Nifty Bank ETF?
HDFC NIFTY Bank ETF charges less: 0.17% a year against 1.44%. These are the total expense ratios reported to AMFI.
How much do HDFC NIFTY Bank ETF and Invesco India Nifty Bank ETF overlap?
99.9%. They hold 14 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, KOTAKBANK. From each fund's latest monthly portfolio.
Which is riskier, HDFC NIFTY Bank ETF or Invesco India Nifty Bank ETF?
On SEBI's riskometer, HDFC NIFTY Bank ETF is rated Very High and Invesco India Nifty Bank ETF Very High. Over their common history, the standard deviation of daily returns was 18.60% and 12.34% a year.
Can I invest in both HDFC NIFTY Bank ETF and Invesco India Nifty Bank ETF?
Yes. 99.9% 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 Bank ETF and Invesco India Nifty Bank ETF?
HDFC NIFTY Bank ETF: Abhishek Mor, Arun Agarwal. Invesco India Nifty Bank ETF: Abhisek Bahinipati.
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.