HDFC NIFTY Next 50 Index Fund vs SBI Nifty Next 50 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
HDFC NIFTY Next 50 Index Fund is an Index fund and SBI Nifty Next 50 ETF is a mutual fund. In the 3 years to 30-10-2026, HDFC NIFTY Next 50 Index Fund (Direct) returned 15.9% a year and SBI Nifty Next 50 ETF (Regular) returned 16.4% a year. HDFC NIFTY Next 50 Index Fund charges 0.40% a year and SBI Nifty Next 50 ETF 0.19%. Their portfolios overlap 100.0%: they hold 50 of the same securities.
HDFC NIFTY Next 50 Index Fund
Index
- 3 year return
- 15.9%
- Expense ratio
- 0.40%
- NAV
- ₹16.03
Which is better, HDFC NIFTY Next 50 Index or SBI Nifty Next 50 ETF? 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 Next 50 ETF returned more over 3 years: 16.4% a year against 15.9%.
- SBI Nifty Next 50 ETF returned more over 1 year: −2.6% against −2.9%.
- SBI Nifty Next 50 ETF costs less: 0.19% a year against 0.40%.
- HDFC NIFTY Next 50 Index swung less over 3 years: a standard deviation of 18.4% a year against 18.4%.
- SBI Nifty Next 50 ETF fell less in its worst fall since 03-11-2021: −26.4% against −26.7%.
- SBI Nifty Next 50 ETF is the larger fund: ₹2,911 Cr against ₹2,621 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 Next 50 Index Fund | SBI Nifty Next 50 ETF |
|---|---|---|
| Fund house | HDFC Mutual Fund | SBI Mutual Fund |
| Category | Index | Not available |
| AUM | ₹2,621 Cr (30-09-2026) | ₹2,911 Cr (30-09-2026) |
| NAV | ₹16.03 (Direct) | ₹726.87 (Regular) |
| Expense ratio (Direct) | 0.40% | Not available |
| Expense ratio (Regular) | 0.76% | 0.19% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty Next 50 TRI | Not available |
| Launch date | 03-11-2021 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | None | Not available |
| Fund managers | Nandita Menezes, Arun Agarwal | Not available |
| Exit load | NIL | Not available |
HDFC NIFTY Next 50 Index vs SBI Nifty Next 50 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 Next 50 Index Fund (Direct) | −2.89% | −6.69% | −2.49% | −2.90% | +15.88% | -- | -- |
| SBI Nifty Next 50 ETF (Regular) | −2.86% | −6.64% | −2.27% | −2.56% | +16.40% | +10.79% | +11.74% |
HDFC NIFTY Next 50 Index vs SBI Nifty Next 50 ETF: Year-wise Returns
| Year | HDFC NIFTY Next 50 IndexHDFC NIFTY Next 50 Index | SBI Nifty Next 50 ETFSBI Nifty Next 50 ETF | Nifty Next 50 TRI |
|---|---|---|---|
| 2026to date | −1.88% | −1.58% | −1.53% |
| 2025 | +2.51% | +2.81% | +2.90% |
| 2024 | +27.25% | +28.14% | +28.37% |
| 2023 | +26.67% | +27.09% | +27.24% |
| 2022 | +0.28% | +0.71% | +0.96% |
| 2021 | -- | +30.56% | +30.87% |
HDFC NIFTY Next 50 Index vs SBI Nifty Next 50 ETF: Rolling Returns
Every holding period of both funds, against Nifty Next 50 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 490 of them, one for each trading day from 04-11-2024 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 Next 50 Index Fund (Direct)
SBI Nifty Next 50 ETF (Regular)
Nifty Next 50 TRI
to
Jan 2025May 2022
to
May 2025Sept 2022
to
Sept 2025Jan 2023
to
Jan 2026May 2023
to
May 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 Next 50 Index | 0.0 | 0.0 | 0.0 | 10.8 | 66.7 | 22.4 | 0.0 | 18.0% | 18.0% | 11.8% | 23.7% | 0% |
| SBI Nifty Next 50 ETF | 0.0 | 0.0 | 0.0 | 6.8 | 64.3 | 28.9 | 0.0 | 18.6% | 18.5% | 12.3% | 24.3% | 0% |
| Nifty Next 50 TRI | 0.0 | 0.0 | 0.0 | 6.1 | 63.1 | 30.8 | 0.0 | 18.7% | 18.7% | 12.4% | 24.5% | -- |
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 Next 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 03-11-2021. Past returns do not promise future returns.
HDFC NIFTY Next 50 Index vs SBI Nifty Next 50 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
₹10,000 on the first trading day of every month, from 03-11-2021 to 30-10-2026: 60 instalments, ₹6,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC NIFTY Next 50 IndexHDFC NIFTY Next 50 Index Fund (Direct) | ₹6,00,000 | ₹7,71,066 | ₹1,71,066 | 10.0% |
| SBI Nifty Next 50 ETFSBI Nifty Next 50 ETF (Regular) | ₹6,00,000 | ₹7,80,438 | ₹1,80,438 | 10.5% |
HDFC NIFTY Next 50 IndexHDFC NIFTY Next 50 Index Fund (Direct)
SBI Nifty Next 50 ETFSBI Nifty Next 50 ETF (Regular)
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 Next 50 Index vs SBI Nifty Next 50 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC NIFTY Next 50 Index Fund (Direct) | SBI Nifty Next 50 ETF (Regular) |
|---|---|---|
| Return (CAGR) | −2.90% | −2.56% |
| Standard deviation | 17.38% | 17.52% |
| Sharpe ratio | -0.47 | -0.45 |
| Sortino ratio | -0.63 | -0.59 |
| Maximum drawdown | −14.4% (31-03-2026) | −14.4% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.41% | −0.06% |
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 Next 50 Index Fund (Direct) | SBI Nifty Next 50 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +15.88% | +16.40% |
| Standard deviation | 18.35% | 18.41% |
| Sharpe ratio | 0.54 | 0.56 |
| Sortino ratio | 0.72 | 0.75 |
| Maximum drawdown | −26.7% (28-02-2025) | −26.4% (28-02-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.63% | −0.12% |
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 Next 50 Index Fund (Direct) | SBI Nifty Next 50 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +9.95% | +12.09% |
| Standard deviation | 17.71% | 17.94% |
| Sharpe ratio | 0.23 | 0.36 |
| Sortino ratio | 0.31 | 0.48 |
| Maximum drawdown | −26.7% (28-02-2025) | −40.6% (23-03-2020) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.60% | −0.49% |
From daily NAVs, 03-11-2021 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.
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 Next 50 Index Fund (Direct)
SBI Nifty Next 50 ETF (Regular)
Nifty Next 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC NIFTY Next 50 Index Fund (Direct) | −26.7% | 27-09-2024 | 28-02-2025 | Not yet | -- | −12.2% |
| SBI Nifty Next 50 ETF (Regular) | −26.4% | 27-09-2024 | 28-02-2025 | Not yet | -- | −11.4% |
| Nifty Next 50 TRI | −26.4% | 27-09-2024 | 28-02-2025 | Not yet | -- | −11.3% |
From daily values since 03-11-2021, 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 Next 50 Index Fund (Direct)
SBI Nifty Next 50 ETF (Regular)
Nifty Next 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 Next 50 Index Fund (Direct)
SBI Nifty Next 50 ETF (Regular)
Nifty Next 50 TRI
Against Nifty Next 50 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC NIFTY Next 50 Index Fund (Direct) | 99% | 101% | 0.15% |
| SBI Nifty Next 50 ETF (Regular) | 100% | 100% | 0.07% |
From month-end values since 03-11-2021. 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 Next 50 Index vs SBI Nifty Next 50 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC NIFTY Next 50 Index Fund, September 2026; SBI Nifty Next 50 ETF, September 2026
Holdings in common
- Overlap
- 100.0%
- Held by both
- 50
- Only in HDFC NIFTY Next 50 Index
- 0
- Only in SBI Nifty Next 50 ETF
- 0
| Security | % of HDFC NIFTY Next 50 Index | % of SBI Nifty Next 50 ETF |
|---|---|---|
| Divis Laboratories Ltd. | 4.84% | 4.84% |
| TVS Motor Company Ltd. | 3.95% | 3.95% |
| Hindustan Aeronautics Limited | 3.63% | 3.63% |
| Tata Motors Limited | 3.61% | 3.61% |
| Adani Power (Mundra) Limited | 3.48% | 3.48% |
| Samvardhana Motherson International Ltd. | 2.96% | 2.95% |
| Torrent Pharmaceuticals Ltd. | 2.89% | 2.89% |
| Cholamandalam Investment & Finance Co. Ltd. | 2.88% | 2.88% |
| Vedanta Aluminium Metal Limited | 2.87% | 2.87% |
| Cummins India Ltd. | 2.64% | 2.63% |
| Avenue Supermarts Ltd. | 2.51% | 2.51% |
| Bharat Petroleum Corporation Ltd. | 2.49% | 2.49% |
| The Tata Power Company Ltd. | 2.47% | 2.47% |
| Varun Beverages Ltd | 2.42% | 2.42% |
| CG Power and Industrial Solutions Ltd. | 2.40% | 2.40% |
| Britannia Industries Ltd. | 2.33% | 2.33% |
| Indian Oil Corporation Ltd. | 2.07% | 2.06% |
| Solar Industries India Ltd. | 1.97% | 1.97% |
| Power Finance Corporation Ltd. | 1.94% | 1.94% |
| Bajaj Holdings & Investment Ltd | 1.91% | 1.91% |
| HDFC Asset Management Company Ltd. | 1.91% | 1.91% |
| GAIL (India) Ltd. | 1.89% | 1.88% |
| Vedanta Ltd. | 1.87% | 1.87% |
| Pidilite Industries Ltd. | 1.86% | 1.86% |
| DLF LIMITED | 1.77% | 1.77% |
| Polycab India Limited | 1.76% | 1.76% |
| Wipro Ltd. | 1.76% | 1.76% |
| Adani Energy Solutions Limited | 1.76% | 1.76% |
| Adani Green Energy Limited | 1.76% | 1.75% |
| Bank of Baroda | 1.75% | 1.75% |
| Jindal Steel Limited. | 1.72% | 1.72% |
| Bosch Limited | 1.67% | 1.67% |
| Canara Bank | 1.64% | 1.64% |
| Hitachi Energy India Ltd. | 1.60% | 1.60% |
| Punjab National Bank | 1.60% | 1.59% |
| LTM Limited | 1.54% | 1.54% |
| VODAFONE IDEA LIMITED | 1.46% | 1.46% |
| ABB India Ltd. | 1.46% | 1.46% |
| Godrej Consumer Products Ltd. | 1.40% | 1.40% |
| Union Bank of India | 1.35% | 1.35% |
| Siemens Ltd. | 1.35% | 1.35% |
| Muthoot Finance Ltd. | 1.20% | 1.20% |
| Zydus Lifesciences Limited | 1.18% | 1.18% |
| Hyundai Motor India Limited | 1.18% | 1.18% |
| Siemens Energy India Limited | 1.16% | 1.16% |
| Hindustan Zinc Ltd. | 1.12% | 1.11% |
| Ambuja Cements Ltd. | 0.96% | 0.95% |
| Tata Capital Ltd. | 0.74% | 0.74% |
| Indian Railways Finance Corp. Ltd. | 0.73% | 0.73% |
| Mazagon Dock Shipbuilders Ltd | 0.66% | 0.66% |
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 Next 50 Index Fund
Every holding of this fund is also held by the other.
Largest holdings only in SBI Nifty Next 50 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 Next 50 Index | SBI Nifty Next 50 ETF |
|---|---|---|
| Equity | 100.1% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.1% | 0.0% |
Market cap of stocks
| Market cap | HDFC NIFTY Next 50 Index | SBI Nifty Next 50 ETF |
|---|---|---|
| Large Cap | 95.4% | 95.3% |
| Mid Cap | 4.7% | 4.7% |
| 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 Next 50 Index | SBI Nifty Next 50 ETF |
|---|---|---|
| Power | 9.5% | 9.5% |
| Finance | 9.4% | 9.4% |
| Pharmaceuticals & Biotechnology | 8.9% | 8.9% |
| Electrical Equipment | 8.0% | 8.0% |
| Banks | 6.3% | 6.3% |
| Automobiles | 5.1% | 5.1% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC NIFTY Next 50 Index vs SBI Nifty Next 50 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC NIFTY Next 50 Index Fund | SBI Nifty Next 50 ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.40% | Not available |
| Base expense ratio (Direct) | 0.25% | 0.00% |
| Total expense ratio (Regular) | 0.76% | 0.19% |
| Base expense ratio (Regular) | 0.56% | 0.10% |
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.
HDFC NIFTY Next 50 Index Fund vs SBI Nifty Next 50 ETF: Frequently Asked Questions
What is the difference between HDFC NIFTY Next 50 Index Fund and SBI Nifty Next 50 ETF?
HDFC NIFTY Next 50 Index Fund is an Index fund, SBI Nifty Next 50 ETF is a mutual fund, run by HDFC Mutual Fund and SBI Mutual Fund. Their portfolios overlap 100.0%. HDFC NIFTY Next 50 Index Fund charges 0.40% a year and SBI Nifty Next 50 ETF 0.19%.
Which has given higher returns, HDFC NIFTY Next 50 Index Fund or SBI Nifty Next 50 ETF?
Over 1 year: HDFC NIFTY Next 50 Index Fund −2.90%, SBI Nifty Next 50 ETF −2.56%. Over 3 years: HDFC NIFTY Next 50 Index Fund +15.88% a year, SBI Nifty Next 50 ETF +16.40% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC NIFTY Next 50 Index Fund or SBI Nifty Next 50 ETF?
SBI Nifty Next 50 ETF charges less: 0.19% a year against 0.40%. These are the total expense ratios reported to AMFI.
How much do HDFC NIFTY Next 50 Index Fund and SBI Nifty Next 50 ETF overlap?
100.0%. They hold 50 of the same securities, the largest shared ones being DIVISLAB, TVSMOTOR, HAL. From each fund's latest monthly portfolio.
Which is better for SIP, HDFC NIFTY Next 50 Index Fund or SBI Nifty Next 50 ETF?
Over the last 5 years, a monthly SIP of ₹10,000 from 03-11-2021 to 30-10-2026 grew to ₹7,71,066 in HDFC NIFTY Next 50 Index Fund (XIRR 10.0% a year) and ₹7,80,438 in SBI Nifty Next 50 ETF (XIRR 10.5% a year). Both received 60 instalments. Past returns do not promise future returns.
Can I invest in both HDFC NIFTY Next 50 Index Fund and SBI Nifty Next 50 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.
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.