HDFC NIFTY Smallcap 250 ETF vs HDFC NIFTY Smallcap 250 Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
HDFC NIFTY Smallcap 250 ETF is an ETF fund and HDFC NIFTY Smallcap 250 Index Fund is an Index fund. In the 3 years to 30-10-2026, HDFC NIFTY Smallcap 250 ETF returned 11.8% a year and HDFC NIFTY Smallcap 250 Index Fund (Direct) returned 11.6% a year. HDFC NIFTY Smallcap 250 ETF charges 0.32% a year and HDFC NIFTY Smallcap 250 Index Fund 0.40%. Their portfolios overlap 98.1%: they hold 250 of the same securities.
HDFC NIFTY Smallcap 250 ETF
ETF
- 3 year return
- 11.8%
- Expense ratio
- 0.32%
- NAV
- ₹168.79
HDFC NIFTY Smallcap 250 Index Fund
Index
- 3 year return
- 11.6%
- Expense ratio
- 0.40%
- NAV
- ₹18.25
Which is better, HDFC NIFTY Smallcap 250 ETF or HDFC NIFTY Smallcap 250 Index? 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 Smallcap 250 ETF returned more over 3 years: 11.8% a year against 11.6%.
- HDFC NIFTY Smallcap 250 ETF returned more over 1 year: −3.6% against −3.8%.
- HDFC NIFTY Smallcap 250 ETF costs less: 0.32% a year against 0.40%.
- HDFC NIFTY Smallcap 250 Index swung less over 3 years: a standard deviation of 19.0% a year against 19.1%.
- HDFC NIFTY Smallcap 250 ETF fell less in its worst fall since 21-04-2023: −26.1% against −26.2%.
- HDFC NIFTY Smallcap 250 ETF is the larger fund: ₹2,708 Cr against ₹754 Cr.
- Their portfolios overlap 98.1%: 250 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 Smallcap 250 ETF | HDFC NIFTY Smallcap 250 Index Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | HDFC Mutual Fund |
| Category | ETF | Index |
| AUM | ₹2,708 Cr (30-09-2026) | ₹754 Cr (30-09-2026) |
| NAV | ₹168.79 | ₹18.25 (Direct) |
| Expense ratio (Direct) | Not available | 0.40% |
| Expense ratio (Regular) | Not available | 0.87% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Smallcap 250 TRI | Nifty Smallcap 250 TRI |
| Launch date | 15-02-2023 | 21-04-2023 |
| 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 | ₹100 |
| Lock in | None | None |
| Fund managers | Abhishek Mor, Nandita Menezes, Arun Agarwal | Nandita Menezes, Arun Agarwal |
| Exit load | Not available | NIL |
HDFC NIFTY Smallcap 250 ETF vs HDFC NIFTY Smallcap 250 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 Smallcap 250 ETF | −5.84% | −6.11% | +0.28% | −3.65% | +11.85% | -- | -- |
| HDFC NIFTY Smallcap 250 Index Fund (Direct) | −5.88% | −6.14% | +0.24% | −3.75% | +11.61% | -- | -- |
HDFC NIFTY Smallcap 250 ETF vs HDFC NIFTY Smallcap 250 Index: Year-wise Returns
| Year | ETFHDFC NIFTY Smallcap 250 ETF | IndexHDFC NIFTY Smallcap 250 Index | Nifty Smallcap 250 TRI |
|---|---|---|---|
| 2026to date | +0.52% | +0.43% | +1.00% |
| 2025 | −5.79% | −5.89% | −5.48% |
| 2024 | +26.59% | +26.17% | +27.21% |
HDFC NIFTY Smallcap 250 ETF vs HDFC NIFTY Smallcap 250 Index: Rolling Returns
Every holding period of both funds, against Nifty Smallcap 250 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 131 of them, one for each trading day from 21-04-2026 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 Smallcap 250 ETF
HDFC NIFTY Smallcap 250 Index Fund (Direct)
Nifty Smallcap 250 TRI
to
May 2026Jun 2023
to
Jun 2026Jul 2023
to
Jul 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 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 Smallcap 250 ETF | 0.0 | 0.0 | 0.0 | 24.4 | 55.0 | 20.6 | 0.0 | 17.4% | 17.7% | 10.9% | 22.6% | 0% |
| HDFC NIFTY Smallcap 250 Index | 0.0 | 0.0 | 0.0 | 26.7 | 57.3 | 16.0 | 0.0 | 17.1% | 17.4% | 10.7% | 22.2% | 0% |
| Nifty Smallcap 250 TRI | 0.0 | 0.0 | 0.0 | 21.4 | 53.4 | 25.2 | 0.0 | 17.9% | 18.1% | 11.4% | 23.1% | -- |
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 Smallcap 250 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 21-04-2023. Past returns do not promise future returns.
HDFC NIFTY Smallcap 250 ETF vs HDFC NIFTY Smallcap 250 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 03-04-2023 to 30-10-2026: 43 instalments, ₹4,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC NIFTY Smallcap 250 ETFHDFC NIFTY Smallcap 250 ETF | ₹4,30,000 | ₹4,85,502 | ₹55,502 | 6.7% |
| HDFC NIFTY Smallcap 250 IndexHDFC NIFTY Smallcap 250 Index Fund (Direct) | ₹4,30,000 | ₹4,83,161 | ₹53,161 | 6.5% |
HDFC NIFTY Smallcap 250 ETFHDFC NIFTY Smallcap 250 ETF
HDFC NIFTY Smallcap 250 IndexHDFC NIFTY Smallcap 250 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 Smallcap 250 ETF vs HDFC NIFTY Smallcap 250 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC NIFTY Smallcap 250 ETF | HDFC NIFTY Smallcap 250 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −3.65% | −3.75% |
| Standard deviation | 18.11% | 18.04% |
| Sharpe ratio | -0.49 | -0.50 |
| Sortino ratio | -0.66 | -0.67 |
| Maximum drawdown | −18.3% (23-03-2026) | −18.3% (23-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.49% | −0.60% |
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 Smallcap 250 ETF | HDFC NIFTY Smallcap 250 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.85% | +11.61% |
| Standard deviation | 19.07% | 18.99% |
| Sharpe ratio | 0.31 | 0.29 |
| Sortino ratio | 0.40 | 0.39 |
| Maximum drawdown | −26.1% (03-03-2025) | −26.2% (03-03-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.50% | −0.73% |
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 Smallcap 250 ETF | HDFC NIFTY Smallcap 250 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +18.07% | +18.66% |
| Standard deviation | 17.99% | 18.14% |
| Sharpe ratio | 0.66 | 0.69 |
| Sortino ratio | 0.87 | 0.91 |
| Maximum drawdown | −26.1% (03-03-2025) | −26.2% (03-03-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.52% | −0.88% |
From daily NAVs, 15-02-2023 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.
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 Smallcap 250 ETF
HDFC NIFTY Smallcap 250 Index Fund (Direct)
Nifty Smallcap 250 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC NIFTY Smallcap 250 ETF | −26.1% | 23-09-2024 | 03-03-2025 | Not yet | -- | −9.8% |
| HDFC NIFTY Smallcap 250 Index Fund (Direct) | −26.2% | 23-09-2024 | 03-03-2025 | Not yet | -- | −10.0% |
| Nifty Smallcap 250 TRI | −26.0% | 23-09-2024 | 03-03-2025 | 26-08-2026 | 18 months | −9.4% |
From daily values since 21-04-2023, 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 Smallcap 250 ETF
HDFC NIFTY Smallcap 250 Index Fund (Direct)
Nifty Smallcap 250 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 Smallcap 250 ETF
HDFC NIFTY Smallcap 250 Index Fund (Direct)
Nifty Smallcap 250 TRI
Against Nifty Smallcap 250 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC NIFTY Smallcap 250 ETF | 99% | 101% | 0.14% |
| HDFC NIFTY Smallcap 250 Index Fund (Direct) | 99% | 101% | 0.19% |
From month-end values since 21-04-2023. 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 Smallcap 250 ETF vs HDFC NIFTY Smallcap 250 Index: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC NIFTY Smallcap 250 ETF, September 2026; HDFC NIFTY Smallcap 250 Index Fund, September 2026
Holdings in common
- Overlap
- 98.1%
- Held by both
- 250
- Only in HDFC NIFTY Smallcap 250 ETF
- 0
- Only in HDFC NIFTY Smallcap 250 Index
- 0
| Security | % of HDFC NIFTY Smallcap 250 ETF | % of HDFC NIFTY Smallcap 250 Index |
|---|---|---|
| Sona Blw Precision Forgings | 1.67% | 1.67% |
| WELSPUN CORP LIMITED | 1.60% | 1.60% |
| Karur Vysya Bank Ltd. | 1.37% | 1.38% |
| Navin Fluorine International Ltd. | 1.36% | 1.36% |
| Ather Energy Limited | 1.21% | 1.21% |
| RBL Bank Ltd. | 1.12% | 1.12% |
| Delhivery Limited | 1.10% | 1.10% |
| Redington Ltd. | 1.08% | 1.08% |
| Gland Pharma Ltd. | 1.04% | 1.04% |
| HFCL Ltd | 1.03% | 1.04% |
| BROOKFIELD INDIA REAL ESTATE TRUST | 1.01% | 1.01% |
| Central Depository Services (India) Ltd. | 1.01% | 1.01% |
| City Union Bank Ltd. | 0.98% | 0.98% |
| Cupid Limited | 0.94% | 0.94% |
| Sai Life Sciences Limited | 0.94% | 0.94% |
| PNB Housing Finance Ltd. | 0.94% | 0.94% |
| Sansera Engineering Limited | 0.90% | 0.90% |
| Krishna Institute Of Medical Sciences Limited | 0.89% | 0.89% |
| Anand Rathi Wealth Limited | 0.87% | 0.87% |
| Kirloskar Oil Engines Ltd. | 0.86% | 0.86% |
| Neuland Laboratories Limited | 0.82% | 0.83% |
| TD Power Systems Ltd. | 0.80% | 0.80% |
| Angel One Ltd. | 0.80% | 0.80% |
| Bandhan Bank Ltd. | 0.79% | 0.79% |
| Wockhardt Ltd. | 0.78% | 0.78% |
| Aegis Logistics Ltd | 0.78% | 0.78% |
| Manappuram Finance Ltd. | 0.78% | 0.78% |
| Acutaas Chemicals Limited | 0.76% | 0.76% |
| Himadri Speciality Chemical Limited | 0.72% | 0.72% |
| Computer Age Management Services | 0.72% | 0.72% |
| Poonawalla Fincorp Ltd | 0.71% | 0.71% |
| Craftsman Automation Ltd | 0.70% | 0.71% |
| Kalpataru Projects International Ltd | 0.70% | 0.70% |
| Great Eastern Shipping Company Ltd. | 0.69% | 0.69% |
| Dr. Lal Path Labs Ltd | 0.69% | 0.69% |
| Carborundum Universal Ltd. | 0.65% | 0.65% |
| Amber Enterprises India Ltd. | 0.65% | 0.65% |
| IIFL Finance Limited | 0.63% | 0.63% |
| Syrma SGS Technology Ltd. | 0.62% | 0.62% |
| Cholamandalam Financial Holdings Ltd. | 0.62% | 0.62% |
| Crompton Greaves Consumer Elec. Ltd. | 0.60% | 0.60% |
| NUVAMA WEALTH MANAGEMENT LTD. | 0.60% | 0.60% |
| PTC INDUSTRIES LIMITED | 0.60% | 0.60% |
| Elgi Equipments Ltd. | 0.59% | 0.59% |
| Apollo Tyres Ltd. | 0.59% | 0.59% |
| Data Patterns (India) Limited | 0.58% | 0.58% |
| Piramal Pharma Limited | 0.57% | 0.57% |
| Granules India Ltd. | 0.56% | 0.56% |
| CarTrade Tech Limited | 0.56% | 0.56% |
| Star Health and Allied Insurance Company Ltd | 0.56% | 0.56% |
| Onesource Specialty Pharma Limited | 0.54% | 0.54% |
| Tata Technologies Limited | 0.54% | 0.54% |
| Asahi India Glass Ltd. | 0.52% | 0.52% |
| KFin Technologies Ltd | 0.50% | 0.50% |
| Timken India Ltd. | 0.50% | 0.50% |
| Finolex Cables Ltd. | 0.49% | 0.49% |
| KAYNES TECHNOLOGY INDIA LIMITED | 0.49% | 0.49% |
| The Ramco Cements Ltd. | 0.48% | 0.48% |
| ZF Commercial Vehicle Control Systems India Ltd | 0.48% | 0.48% |
| Home First Finance Company India Ltd | 0.48% | 0.48% |
| Tata Elxsi Ltd. | 0.48% | 0.48% |
| Brigade Enterprises Limited. | 0.48% | 0.48% |
| Sammaan Capital Limited | 0.47% | 0.47% |
| Deepak Nitrite Limited | 0.47% | 0.47% |
| Aditya Infotech Limited | 0.47% | 0.47% |
| Indraprastha Gas Ltd. | 0.46% | 0.46% |
| Five-Star Business Finance Limited | 0.45% | 0.45% |
| Kajaria Ceramics Ltd. | 0.45% | 0.45% |
| Sagility Limited | 0.44% | 0.44% |
| AWL AGRI BUSINESS LIMITED | 0.44% | 0.44% |
| Aarti Industries Ltd. | 0.44% | 0.44% |
| AFFLE 3I LIMITED | 0.43% | 0.43% |
| Tata Chemicals Ltd. | 0.43% | 0.43% |
| Pine Labs Limited | 0.43% | 0.43% |
| Castrol India Ltd. | 0.43% | 0.43% |
| Capri Global Capital LTD | 0.43% | 0.43% |
| Atul Ltd. | 0.42% | 0.42% |
| Inventurus Knowledge Solutions Limited | 0.41% | 0.41% |
| Usha Martin Ltd | 0.41% | 0.41% |
| ANANT RAJ LIMITED | 0.41% | 0.41% |
| Deepak Fertilisers & Petrochemicals Corp. Ltd. | 0.41% | 0.41% |
| Amara Raja Energy & Mobility Limited | 0.41% | 0.41% |
| Belrise Industries Limited | 0.41% | 0.41% |
| Netweb Technologies India Limited | 0.40% | 0.40% |
| PVR LIMITED | 0.40% | 0.40% |
| HBL Engineering Limited | 0.40% | 0.40% |
| ACME Solar Holdings Limited | 0.40% | 0.40% |
| Jyoti CNC Automation Limited | 0.40% | 0.40% |
| Motherson Sumi Wiring India Limited | 0.39% | 0.39% |
| Cyient Ltd. | 0.39% | 0.39% |
| Indian Energy Exchange Limited | 0.38% | 0.38% |
| Azad Engineering Limited | 0.38% | 0.38% |
| Ola Electric Mobility Limited | 0.38% | 0.38% |
| CESC Ltd. | 0.38% | 0.38% |
| Engineers India Ltd. | 0.38% | 0.38% |
| KPIT Technologies Ltd | 0.37% | 0.37% |
| FORCE MOTORS LTD | 0.37% | 0.37% |
| SPR Auto Technologies Limited | 0.37% | 0.37% |
| R R KABEL LIMITED | 0.37% | 0.37% |
| Aptus Value Housing Finance India Ltd | 0.37% | 0.38% |
| NBCC (India) Limited | 0.36% | 0.36% |
| Emcure Pharmaceuticals Limited | 0.36% | 0.36% |
| PG Electroplast Limited | 0.36% | 0.36% |
| Firstsource Solutions Ltd. | 0.36% | 0.36% |
| Gabriel India Ltd. | 0.35% | 0.35% |
| NAVA LIMITED | 0.35% | 0.35% |
| Balrampur Chini Mills Ltd. | 0.34% | 0.34% |
| BEML Limited | 0.34% | 0.34% |
| Shyam Metalics and Energy Ltd | 0.34% | 0.34% |
| Physicswallah Limited. | 0.33% | 0.33% |
| Zen Technologies Limited | 0.33% | 0.33% |
| Jaiprakash Power Ventures Limited | 0.33% | 0.33% |
| Aditya Birla Sun Life AMC Limited | 0.33% | 0.33% |
| Emami Ltd. | 0.33% | 0.33% |
| Honeywell Automation India Limited | 0.33% | 0.33% |
| eClerx Services Limited | 0.33% | 0.33% |
| Natco Pharma Ltd | 0.33% | 0.33% |
| ACC Ltd. | 0.32% | 0.32% |
| Cohance Lifesciences Limited | 0.32% | 0.32% |
| Vijaya Diagnostic Centre Limited | 0.32% | 0.32% |
| EID Parry (India) Ltd. | 0.32% | 0.32% |
| WELSPUN LIVING LIMITED | 0.32% | 0.32% |
| RAMKRISHNA FORGINGS LIMITED | 0.32% | 0.32% |
| CCL Products (India) Ltd. | 0.32% | 0.32% |
| Schneider Electric Infrastructure Limited | 0.32% | 0.32% |
| Chennai Petroleum Corp Ltd. | 0.31% | 0.31% |
| Zee Entertainment Enterprises Ltd. | 0.31% | 0.31% |
| Syngene International Limited | 0.31% | 0.31% |
| Ceat Ltd. | 0.31% | 0.31% |
| Creditaccess Grameen Limited | 0.31% | 0.31% |
| IRB Infrastructure Developers Ltd. | 0.31% | 0.31% |
| INOX Wind Limited | 0.30% | 0.30% |
| Paradeep Phosphates Limited | 0.30% | 0.30% |
| Cemindia Projects Limited | 0.30% | 0.30% |
| Whirlpool of India Ltd. | 0.30% | 0.30% |
| Honasa Consumer Limited | 0.29% | 0.29% |
| Poly Medicure Ltd | 0.29% | 0.29% |
| Jindal Saw Ltd. | 0.29% | 0.29% |
| Garden Reach Shipbuilders & Engineers Limited | 0.29% | 0.29% |
| Titagarh Wagons Limited | 0.29% | 0.29% |
| Rainbow Childrens Medicare Limited | 0.29% | 0.29% |
| Choice International Limited | 0.28% | 0.28% |
| Triveni Turbine Limited | 0.28% | 0.28% |
| Jammu & Kashmir Bank Ltd. | 0.28% | 0.28% |
| Bagmane Prime Office REIT | 0.28% | 0.28% |
| Mahanagar Gas Ltd. | 0.27% | 0.27% |
| Aditya Birla Real Estate Limited | 0.27% | 0.27% |
| Chambal Fertilizers & Chemicals Ltd. | 0.27% | 0.27% |
| Thangamayil Jewellery Limited | 0.27% | 0.27% |
| EIH Ltd. | 0.27% | 0.27% |
| Sun TV Network Limited | 0.27% | 0.27% |
| CanFin Homes Ltd. | 0.27% | 0.27% |
| Rubicon Research Limited | 0.26% | 0.26% |
| PCBL Chemical Limited | 0.26% | 0.26% |
| Reliance Power Ltd. | 0.26% | 0.26% |
| TBO TEK LIMITED | 0.26% | 0.26% |
| Aether Industries Ltd | 0.25% | 0.25% |
| Jubilant Ingrevia Limited | 0.25% | 0.25% |
| URBAN COMPANY LIMITED | 0.25% | 0.25% |
| Intellect Design Arena Limited | 0.25% | 0.25% |
| Gillette India Ltd. | 0.25% | 0.26% |
| Vedanta Power Limited | 0.25% | 0.25% |
| Vedanta Oil and Gas Limited | 0.25% | 0.25% |
| LT Foods Limited | 0.25% | 0.25% |
| Minda Corporation Ltd | 0.25% | 0.25% |
| Devyani International Ltd | 0.25% | 0.25% |
| CANARA HSBC LIFE INSURANCE COMPANY LIMITED | 0.24% | 0.24% |
| Godawari Power & Ispat Ltd. | 0.24% | 0.24% |
| Sumitomo Chemical India Ltd | 0.24% | 0.24% |
| Caplin Point Laboratories Ltd | 0.24% | 0.24% |
| Sobha Ltd. | 0.24% | 0.24% |
| Vardhman Textiles Ltd. | 0.24% | 0.24% |
| TENNECO CLEAN AIR INDIA LIMITED | 0.23% | 0.23% |
| Vedanta Iron And Steel Limited | 0.23% | 0.25% |
| Techno Electric & Engin. Co. Ltd. | 0.23% | 0.23% |
| Graphite India Ltd. | 0.23% | 0.23% |
| Central Bank Of India | 0.23% | 0.23% |
| Action Construction Equipments Ltd | 0.23% | 0.23% |
| NCC LTD. | 0.23% | 0.23% |
| Lemon Tree Hotels Ltd. | 0.23% | 0.23% |
| Aavas Financiers Ltd. | 0.22% | 0.22% |
| KEC International Ltd. | 0.22% | 0.22% |
| Zensar Technologies Ltd. | 0.22% | 0.22% |
| CIE Automotive India Ltd | 0.22% | 0.22% |
| Zydus Wellness Ltd | 0.22% | 0.22% |
| JM Financial Ltd | 0.22% | 0.22% |
| Indiamart Intermesh Limited | 0.22% | 0.22% |
| IDBI Bank Limited | 0.21% | 0.21% |
| Gravita India Limited | 0.21% | 0.21% |
| IFCI LIMITED | 0.21% | 0.21% |
| NMDC Steel Limited | 0.21% | 0.21% |
| Olectra Greentech Limited | 0.21% | 0.21% |
| DOMS Industries Limited | 0.21% | 0.21% |
| Inox India Limited | 0.21% | 0.21% |
| Aadhar Housing Finance Limited | 0.21% | 0.21% |
| Privi Speciality Chemicals Ltd | 0.21% | 0.21% |
| Shipping Corporation of India Ltd. | 0.20% | 0.20% |
| Emmvee Photovoltaic Power Limited | 0.20% | 0.20% |
| Concord Biotech Limited | 0.20% | 0.20% |
| Sarda Energy & Minerals Limited | 0.20% | 0.20% |
| Kirloskar Brothers Ltd | 0.20% | 0.20% |
| Birlasoft Limited | 0.20% | 0.20% |
| KSB Ltd | 0.20% | 0.20% |
| SJVN Limited | 0.19% | 0.19% |
| Aegis Vopak Terminals Limited | 0.19% | 0.19% |
| Gujarat Mineral Dev. Corp. Ltd. | 0.19% | 0.19% |
| JK Tyre & Industries Limited | 0.19% | 0.19% |
| Tejas Networks Limited | 0.18% | 0.18% |
| Brainbees Solutions Limited (FirstCry) | 0.18% | 0.18% |
| Bata India Ltd. | 0.18% | 0.18% |
| Elecon Engineering Comapny Ltd. | 0.18% | 0.18% |
| The New India Assurance Company Ltd | 0.18% | 0.18% |
| Clean Max Enviro Energy Solutions Limited | 0.18% | 0.18% |
| Swan Corp Limited | 0.18% | 0.18% |
| UTI Asset Management Company Ltd | 0.17% | 0.17% |
| Afcons Infrastructure Limited | 0.17% | 0.17% |
| Clean Science & Technology Ltd | 0.17% | 0.17% |
| Allied Blenders and Distillers Limited | 0.17% | 0.17% |
| Black Box Limited | 0.17% | 0.17% |
| Ircon International Ltd. | 0.17% | 0.17% |
| TEGA INDUSTRIES LIMITED | 0.16% | 0.16% |
| Fractal Analytics Limited | 0.16% | 0.16% |
| JSW Cement Limited | 0.16% | 0.16% |
| Anupam Rasayan India Ltd | 0.16% | 0.16% |
| Nuvoco Vistas Corporation Ltd. | 0.15% | 0.15% |
| STERLITE TECHNOLOGIES LIMITED | 0.49% | 0.14% |
| International Gemological Institute Limited | 0.14% | 0.14% |
| Jupiter Wagons Limited | 0.14% | 0.14% |
| Prime Focus Limited | 0.14% | 0.14% |
| Trident Ltd. | 0.13% | 0.13% |
| MANGALORE REFINERY AND PETROCHEMICA | 0.13% | 0.13% |
| RITES Limited | 0.13% | 0.13% |
| Transformers & Rectifiers India Ltd | 0.13% | 0.13% |
| Avanti Feeds Ltd. | 0.13% | 0.13% |
| SIGNATUREGLOBAL (INDIA) LIMITED | 0.13% | 0.13% |
| BLS International Services Ltd | 0.12% | 0.12% |
| UCO Bank | 0.12% | 0.12% |
| ITI Ltd | 0.11% | 0.11% |
| RHI MAGNESITA INDIA Limited | 0.11% | 0.11% |
| Central Mine Planning & Design Institute Limited | 0.10% | 0.10% |
| RailTel Corporation of India Limited | 0.10% | 0.10% |
| JBM AUTO LTD. | 0.10% | 0.10% |
| Jain Resource Recycling Limited | 0.09% | 0.09% |
| India Cements Ltd. | 0.09% | 0.09% |
| Tata Teleservices (Maharashtra) Ltd. | 0.08% | 0.08% |
| HEG Advanced Materials Limited | 0.08% | 0.08% |
| Bharat Coking Coal Limited | 0.07% | 0.07% |
| Gallantt Ispat Limited | 0.07% | 0.07% |
| MMTC LTD | 0.04% | 0.04% |
| MTAR Technologies Limited | 0.69% | 0.02% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 98.1% means 98.1% 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 Smallcap 250 ETF
Every holding of this fund is also held by the other.
Largest holdings only in HDFC NIFTY Smallcap 250 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 Smallcap 250 ETF | HDFC NIFTY Smallcap 250 Index |
|---|---|---|
| Equity | 97.8% | 96.8% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.2% | 3.2% |
Market cap of stocks
| Market cap | HDFC NIFTY Smallcap 250 ETF | HDFC NIFTY Smallcap 250 Index |
|---|---|---|
| Large Cap | 0.0% | 0.0% |
| Mid Cap | 2.7% | 2.7% |
| Small Cap | 94.3% | 93.3% |
| Not on AMFI's list | 0.8% | 0.8% |
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 Smallcap 250 ETF | HDFC NIFTY Smallcap 250 Index |
|---|---|---|
| Industrial Products | 8.4% | 8.4% |
| Auto Components | 8.4% | 8.4% |
| Pharmaceuticals & Biotechnology | 7.7% | 7.7% |
| Finance | 7.6% | 7.6% |
| Chemicals & Petrochemicals | 5.7% | 5.7% |
| Capital Markets | 5.4% | 5.4% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC NIFTY Smallcap 250 ETF vs HDFC NIFTY Smallcap 250 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC NIFTY Smallcap 250 ETF | HDFC NIFTY Smallcap 250 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.40% |
| Base expense ratio (Direct) | 0.00% | 0.24% |
| Total expense ratio (Regular) | Not available | 0.87% |
| Base expense ratio (Regular) | 0.21% | 0.64% |
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 Smallcap 250 ETF vs HDFC NIFTY Smallcap 250 Index Fund: Frequently Asked Questions
What is the difference between HDFC NIFTY Smallcap 250 ETF and HDFC NIFTY Smallcap 250 Index Fund?
HDFC NIFTY Smallcap 250 ETF is an ETF fund, HDFC NIFTY Smallcap 250 Index Fund is an Index fund, run by HDFC Mutual Fund. Their portfolios overlap 98.1%. HDFC NIFTY Smallcap 250 ETF charges 0.32% a year and HDFC NIFTY Smallcap 250 Index Fund 0.40%.
Which has given higher returns, HDFC NIFTY Smallcap 250 ETF or HDFC NIFTY Smallcap 250 Index Fund?
Over 1 year: HDFC NIFTY Smallcap 250 ETF −3.65%, HDFC NIFTY Smallcap 250 Index Fund −3.75%. Over 3 years: HDFC NIFTY Smallcap 250 ETF +11.85% a year, HDFC NIFTY Smallcap 250 Index Fund +11.61% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC NIFTY Smallcap 250 ETF or HDFC NIFTY Smallcap 250 Index Fund?
HDFC NIFTY Smallcap 250 ETF charges less: 0.32% a year against 0.40%. These are the total expense ratios reported to AMFI.
How much do HDFC NIFTY Smallcap 250 ETF and HDFC NIFTY Smallcap 250 Index Fund overlap?
98.1%. They hold 250 of the same securities, the largest shared ones being SONACOMS, WELCORP, KARURVYSYA. From each fund's latest monthly portfolio.
Which is riskier, HDFC NIFTY Smallcap 250 ETF or HDFC NIFTY Smallcap 250 Index Fund?
On SEBI's riskometer, HDFC NIFTY Smallcap 250 ETF is rated Very High and HDFC NIFTY Smallcap 250 Index Fund Very High. Over 3 years, the standard deviation of daily returns was 19.07% and 18.99% a year.
Which is better for SIP, HDFC NIFTY Smallcap 250 ETF or HDFC NIFTY Smallcap 250 Index Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,87,034 in HDFC NIFTY Smallcap 250 ETF (XIRR 2.9% a year) and ₹3,86,149 in HDFC NIFTY Smallcap 250 Index Fund (XIRR 2.7% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both HDFC NIFTY Smallcap 250 ETF and HDFC NIFTY Smallcap 250 Index Fund?
Yes. 98.1% 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 Smallcap 250 ETF and HDFC NIFTY Smallcap 250 Index Fund?
HDFC NIFTY Smallcap 250 ETF: Abhishek Mor, Nandita Menezes, Arun Agarwal. HDFC NIFTY Smallcap 250 Index Fund: Nandita Menezes, Arun Agarwal.
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.