HDFC NIFTY Top 20 Equal Weight Index Fund vs Zerodha BSE SENSEX Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC NIFTY Top 20 Equal Weight Index Fund is an Index fund and Zerodha BSE SENSEX Index Fund is an Index fund. HDFC NIFTY Top 20 Equal Weight Index Fund charges 0.37% a year and Zerodha BSE SENSEX Index Fund 0.47% (Direct plans). Their portfolios overlap 67.0%: they hold 20 of the same securities.
HDFC NIFTY Top 20 Equal Weight Index Fund
Index
- Expense ratio
- 0.37%
- NAV
- ₹9.92
Which is better, HDFC NIFTY Top 20 Equal Weight Index or Zerodha BSE SENSEX 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 Top 20 Equal Weight Index costs less: 0.37% a year against 0.47% (Direct plans).
- HDFC NIFTY Top 20 Equal Weight Index fell less in its worst fall since 10-11-2025: −16.1% against −16.1%.
- HDFC NIFTY Top 20 Equal Weight Index is the larger fund: ₹88 Cr against ₹19 Cr.
- Their portfolios overlap 67.0%: 20 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 Top 20 Equal Weight Index Fund | Zerodha BSE SENSEX Index Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | Zerodha Mutual Fund |
| Category | Index | Index |
| AUM | ₹88 Cr (30-09-2026) | ₹19 Cr (30-09-2026) |
| NAV | ₹9.92 (Direct) | ₹8.99 (Direct) |
| Expense ratio (Direct) | 0.37% | 0.47% |
| Expense ratio (Regular) | 0.84% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Top 20 Equal Weight TRI | BSE SENSEX TRI |
| Launch date | 25-03-2025 | 06-11-2025 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Nandita Menezes, Arun Agarwal | Kedarnath Mirajkar |
| Exit load | NIL | Nil |
HDFC NIFTY Top 20 Equal Weight Index vs Zerodha BSE SENSEX 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 Top 20 Equal Weight Index Fund (Direct) | +3.83% | −3.77% | −0.40% | −9.19% | -- | -- | -- |
| Zerodha BSE SENSEX Index Fund (Direct) | +2.75% | −4.37% | −2.58% | -- | -- | -- | -- |
HDFC NIFTY Top 20 Equal Weight Index vs Zerodha BSE SENSEX Index: Year-wise Returns
| Year | HDFC NIFTY Top 20 Equal WeightHDFC NIFTY Top 20 Equal Weight Index | Zerodha BSE SENSEXZerodha BSE SENSEX Index |
|---|---|---|
| 2026to date | −10.45% | −12.06% |
HDFC NIFTY Top 20 Equal Weight Index vs Zerodha BSE SENSEX Index: Rolling Returns
Every holding period of both funds, against Nifty Top 20 Equal Weight TRI, the benchmark of HDFC NIFTY Top 20 Equal Weight Index Fund
HDFC NIFTY Top 20 Equal Weight Index vs Zerodha BSE SENSEX Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC NIFTY Top 20 Equal Weight Index Fund (Direct) | Zerodha BSE SENSEX Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.46% | −10.70% |
| Standard deviation | 13.27% | 14.00% |
| Sharpe ratio | -0.44 | -1.14 |
| Sortino ratio | -0.61 | -1.53 |
| Maximum drawdown | −16.1% (30-03-2026) | −16.1% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.39% | −0.40% |
From daily NAVs, 25-03-2025 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.
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 Top 20 Equal Weight Index Fund (Direct)
Zerodha BSE SENSEX Index Fund (Direct)
Nifty Top 20 Equal Weight TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC NIFTY Top 20 Equal Weight Index Fund (Direct) | −16.1% | 05-12-2025 | 30-03-2026 | Not yet | -- | −10.9% |
| Zerodha BSE SENSEX Index Fund (Direct) | −16.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −12.6% |
| Nifty Top 20 Equal Weight TRI | −16.0% | 05-12-2025 | 30-03-2026 | Not yet | -- | −10.6% |
From daily values since 10-11-2025, the first day every fund has.
HDFC NIFTY Top 20 Equal Weight Index vs Zerodha BSE SENSEX Index: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC NIFTY Top 20 Equal Weight Index Fund, September 2026; Zerodha BSE SENSEX Index Fund, September 2026
Holdings in common
- Overlap
- 67.0%
- Held by both
- 20
- Only in HDFC NIFTY Top 20 Equal Weight Index
- 0
- Only in Zerodha BSE SENSEX Index
- 10
| Security | % of HDFC NIFTY Top 20 Equal Weight Index | % of Zerodha BSE SENSEX Index |
|---|---|---|
| ICICI Bank Ltd. | 5.10% | 11.04% |
| Bharti Airtel Ltd. | 5.03% | 6.39% |
| Larsen and Toubro Ltd. | 4.96% | 5.11% |
| Reliance Industries Ltd. | 4.95% | 9.16% |
| HDFC Bank Ltd. | 4.93% | 12.59% |
| State Bank of India | 4.99% | 4.64% |
| Infosys Limited | 5.08% | 4.09% |
| Axis Bank Ltd. | 5.12% | 4.08% |
| Kotak Mahindra Bank Limited | 5.28% | 3.58% |
| Mahindra & Mahindra Ltd. | 4.98% | 3.08% |
| Bajaj Finance Ltd. | 4.93% | 3.00% |
| ITC LIMITED | 4.99% | 2.97% |
| Eternal Limited | 4.89% | 2.70% |
| Tata Consultancy Services Ltd. | 5.04% | 2.42% |
| Sun Pharmaceutical Industries Ltd. | 5.02% | 2.29% |
| Titan Company Ltd. | 4.81% | 2.18% |
| Hindustan Unilever Ltd. | 4.94% | 1.96% |
| Maruti Suzuki India Limited | 5.07% | 1.79% |
| NTPC Limited | 5.05% | 1.78% |
| HCL Technologies Ltd. | 5.01% | 1.51% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 67.0% means 67.0% 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 Top 20 Equal Weight Index Fund
Every holding of this fund is also held by the other.
Largest holdings only in Zerodha BSE SENSEX Index Fund
| Security | % of fund |
|---|---|
| Tata Steel Limited | 1.77% |
| Adani Ports and Special Economic Zone Limited | 1.63% |
| Bharat Electronics Limited | 1.62% |
| UltraTech Cement Limited | 1.50% |
| Power Grid Corporation of India Limited | 1.38% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC NIFTY Top 20 Equal Weight Index | Zerodha BSE SENSEX Index |
|---|---|---|
| Equity | 100.2% | 100.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.2% | -0.1% |
Market cap of stocks
| Market cap | HDFC NIFTY Top 20 Equal Weight Index | Zerodha BSE SENSEX Index |
|---|---|---|
| Large Cap | 100.2% | 100.1% |
| Mid Cap | 0.0% | 0.0% |
| 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 Top 20 Equal Weight Index | Zerodha BSE SENSEX Index |
|---|---|---|
| Banks | 25.4% | 35.9% |
| IT - Software | 15.1% | 9.2% |
| Automobiles | 10.1% | 4.9% |
| Diversified FMCG | 9.9% | 4.9% |
| Petroleum Products | 5.0% | 9.2% |
| Telecom - Services | 5.0% | 6.4% |
| Construction | 5.0% | 5.1% |
| Power | 5.0% | 3.2% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC NIFTY Top 20 Equal Weight Index vs Zerodha BSE SENSEX Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC NIFTY Top 20 Equal Weight Index Fund | Zerodha BSE SENSEX Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.37% | 0.47% |
| Base expense ratio (Direct) | 0.22% | 0.29% |
| Total expense ratio (Regular) | 0.84% | Not available |
| Base expense ratio (Regular) | 0.63% | 0.00% |
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 Top 20 Equal Weight Index Fund vs Zerodha BSE SENSEX Index Fund: Frequently Asked Questions
What is the difference between HDFC NIFTY Top 20 Equal Weight Index Fund and Zerodha BSE SENSEX Index Fund?
HDFC NIFTY Top 20 Equal Weight Index Fund is an Index fund, Zerodha BSE SENSEX Index Fund is an Index fund, run by HDFC Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 67.0%. HDFC NIFTY Top 20 Equal Weight Index Fund charges 0.37% a year and Zerodha BSE SENSEX Index Fund 0.47%.
Which has the lower expense ratio, HDFC NIFTY Top 20 Equal Weight Index Fund or Zerodha BSE SENSEX Index Fund?
HDFC NIFTY Top 20 Equal Weight Index Fund charges less: 0.37% a year against 0.47%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC NIFTY Top 20 Equal Weight Index Fund and Zerodha BSE SENSEX Index Fund overlap?
67.0%. They hold 20 of the same securities, the largest shared ones being ICICIBANK, BHARTIARTL, LT. From each fund's latest monthly portfolio.
Which is riskier, HDFC NIFTY Top 20 Equal Weight Index Fund or Zerodha BSE SENSEX Index Fund?
On SEBI's riskometer, HDFC NIFTY Top 20 Equal Weight Index Fund is rated Very High and Zerodha BSE SENSEX Index Fund Very High. Over their common history, the standard deviation of daily returns was 13.27% and 14.00% a year.
Can I invest in both HDFC NIFTY Top 20 Equal Weight Index Fund and Zerodha BSE SENSEX Index Fund?
Yes. 67.0% 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 Top 20 Equal Weight Index Fund and Zerodha BSE SENSEX Index Fund?
HDFC NIFTY Top 20 Equal Weight Index Fund: Nandita Menezes, Arun Agarwal. Zerodha BSE SENSEX Index Fund: Kedarnath Mirajkar.
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.