HDFC Nifty100 Low Volatility 30 ETF vs NJ Flexi Cap Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
HDFC Nifty100 Low Volatility 30 ETF is an ETF fund and NJ Flexi Cap Fund is a Flexi Cap fund. In the 3 years to 30-10-2026, HDFC Nifty100 Low Volatility 30 ETF returned 9.6% a year and NJ Flexi Cap Fund (Direct) returned 8.9% a year. HDFC Nifty100 Low Volatility 30 ETF charges 0.35% a year and NJ Flexi Cap Fund 0.84%. Their portfolios overlap 35.9%: they hold 14 of the same securities.
HDFC Nifty100 Low Volatility 30 ETF
ETF
- 3 year return
- 9.6%
- Expense ratio
- 0.35%
- NAV
- ₹19.56
Which is better, HDFC Nifty100 Low Volatility 30 ETF or NJ Flexi Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HDFC Nifty100 Low Volatility 30 ETF returned more over 3 years: 9.6% a year against 8.9%.
- NJ Flexi Cap returned more over 1 year: −6.1% against −7.8%.
- HDFC Nifty100 Low Volatility 30 ETF costs less: 0.35% a year against 0.84%.
- HDFC Nifty100 Low Volatility 30 ETF swung less over 3 years: a standard deviation of 11.6% a year against 14.3%.
- HDFC Nifty100 Low Volatility 30 ETF fell less in its worst fall since 06-09-2023: −18.2% against −26.7%.
- HDFC Nifty100 Low Volatility 30 ETF holds more in large companies: 96.7% of the fund in large caps against 50.8%.
- Their portfolios overlap 35.9%: 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 Nifty100 Low Volatility 30 ETF | NJ Flexi Cap Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | NJ Mutual Fund |
| Category | ETF | Flexi Cap |
| AUM | ₹12 Cr (30-09-2026) | Not available |
| NAV | ₹19.56 | ₹12.97 (Direct) |
| Expense ratio (Direct) | Not available | 0.84% |
| Expense ratio (Regular) | Not available | 2.23% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 100 Low Volatility 30 TRI | Nifty 500 TRI |
| Launch date | 11-10-2022 | 05-09-2023 |
| 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 | ₹500 |
| Lock in | None | None |
| Fund managers | Abhishek Mor, Arun Agarwal | Dhaval Patel, Viral Shah, Jaimin Ilavia |
| Exit load | Not available | Nil |
HDFC Nifty100 Low Volatility 30 ETF vs NJ Flexi Cap: 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 Nifty100 Low Volatility 30 ETF | +1.27% | −7.36% | −2.62% | −7.82% | +9.56% | -- | -- |
| NJ Flexi Cap Fund (Direct) | −1.14% | −6.49% | −0.77% | −6.08% | +8.87% | -- | -- |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | +12.37% | -- | -- |
Category average: the average of the 46 Flexi Cap funds, same plan type.
HDFC Nifty100 Low Volatility 30 ETF vs NJ Flexi Cap: Year-wise Returns
| Year | HDFC Nifty100 Low Volatility 30 ETFHDFC Nifty100 Low Volatility 30 ETF | NJ Flexi CapNJ Flexi Cap |
|---|---|---|
| 2026to date | −9.34% | −6.42% |
| 2025 | +11.08% | −1.49% |
| 2024 | +11.94% | +15.61% |
| 2023 | +31.33% | -- |
HDFC Nifty100 Low Volatility 30 ETF vs NJ Flexi Cap: Rolling Returns
Every holding period of both funds, against Nifty100 Low Volatility 30 TRI, the benchmark of HDFC Nifty100 Low Volatility 30 ETF
Rolling returns
Every 3-year holding period, 35 of them, one for each trading day from 07-09-2026 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 Nifty100 Low Volatility 30 ETF
NJ Flexi Cap Fund (Direct)
Nifty100 Low Volatility 30 TRI
to
Sept 2026Sept 2023
to
Sept 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 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 Nifty100 Low Volatility 30 ETF | 0.0 | 0.0 | 97.1 | 2.9 | 0.0 | 0.0 | 0.0 | 8.9% | 8.8% | 7.9% | 10.2% | 0% |
| NJ Flexi Cap | 0.0 | 0.0 | 83.3 | 16.7 | 0.0 | 0.0 | 0.0 | 9.1% | 9.1% | 8.0% | 10.3% | 33% |
| Nifty100 Low Volatility 30 TRI | 0.0 | 0.0 | 88.6 | 11.4 | 0.0 | 0.0 | 0.0 | 9.3% | 9.2% | 8.3% | 10.6% | -- |
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 Nifty100 Low Volatility 30 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 06-09-2023. Past returns do not promise future returns.
HDFC Nifty100 Low Volatility 30 ETF vs NJ Flexi Cap: 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 01-09-2023 to 30-10-2026: 38 instalments, ₹3,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC Nifty100 Low Volatility 30 ETFHDFC Nifty100 Low Volatility 30 ETF | ₹3,80,000 | ₹3,88,476 | ₹8,476 | 1.4% |
| NJ Flexi CapNJ Flexi Cap Fund (Direct) | ₹3,80,000 | ₹3,74,373 | −₹5,627 | −0.9% |
HDFC Nifty100 Low Volatility 30 ETFHDFC Nifty100 Low Volatility 30 ETF
NJ Flexi CapNJ Flexi Cap 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 Nifty100 Low Volatility 30 ETF vs NJ Flexi Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Nifty100 Low Volatility 30 ETF | NJ Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.82% | −6.08% |
| Standard deviation | 12.45% | 12.19% |
| Sharpe ratio | -1.05 | -0.93 |
| Sortino ratio | -1.37 | -1.21 |
| Maximum drawdown | −14.3% (31-03-2026) | −14.6% (30-03-2026) |
| Beta | 1.00 | 0.79 |
| Alpha | −0.34% | −1.42% |
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 Nifty100 Low Volatility 30 ETF | NJ Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.56% | +8.87% |
| Standard deviation | 11.60% | 14.26% |
| Sharpe ratio | 0.30 | 0.20 |
| Sortino ratio | 0.43 | 0.27 |
| Maximum drawdown | −18.2% (04-03-2025) | −26.7% (30-03-2026) |
| Beta | 1.00 | 0.90 |
| Alpha | −0.40% | −0.93% |
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 Nifty100 Low Volatility 30 ETF | NJ Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.46% | +8.44% |
| Standard deviation | 10.87% | 14.13% |
| Sharpe ratio | 0.49 | 0.17 |
| Sortino ratio | 0.69 | 0.23 |
| Maximum drawdown | −18.2% (04-03-2025) | −26.7% (30-03-2026) |
| Beta | 1.00 | 0.90 |
| Alpha | −0.43% | −0.10% |
From daily NAVs, 11-10-2022 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 Nifty100 Low Volatility 30 ETF
NJ Flexi Cap Fund (Direct)
Nifty100 Low Volatility 30 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC Nifty100 Low Volatility 30 ETF | −18.2% | 27-09-2024 | 04-03-2025 | Not yet | -- | −10.8% |
| NJ Flexi Cap Fund (Direct) | −26.7% | 03-09-2024 | 30-03-2026 | Not yet | -- | −21.0% |
| Nifty100 Low Volatility 30 TRI | −18.1% | 27-09-2024 | 04-03-2025 | Not yet | -- | −10.2% |
From daily values since 06-09-2023, 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 Nifty100 Low Volatility 30 ETF
NJ Flexi Cap Fund (Direct)
Nifty100 Low Volatility 30 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 Nifty100 Low Volatility 30 ETF
NJ Flexi Cap Fund (Direct)
Nifty100 Low Volatility 30 TRI
Against Nifty100 Low Volatility 30 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC Nifty100 Low Volatility 30 ETF | 99% | 101% | 0.04% |
| NJ Flexi Cap Fund (Direct) | 94% | 92% | 6.84% |
From month-end values since 06-09-2023. 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 Nifty100 Low Volatility 30 ETF vs NJ Flexi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Nifty100 Low Volatility 30 ETF, September 2026; NJ Flexi Cap Fund, September 2026
Holdings in common
- Overlap
- 35.9%
- Held by both
- 14
- Only in HDFC Nifty100 Low Volatility 30 ETF
- 16
- Only in NJ Flexi Cap
- 40
| Security | % of HDFC Nifty100 Low Volatility 30 ETF | % of NJ Flexi Cap |
|---|---|---|
| ICICI Bank Ltd. | 3.84% | 4.15% |
| Britannia Industries Ltd. | 3.68% | 3.79% |
| Sun Pharmaceutical Industries Ltd. | 3.82% | 3.45% |
| Cipla Ltd. | 3.42% | 3.63% |
| ITC LIMITED | 3.50% | 3.34% |
| Torrent Pharmaceuticals Ltd. | 3.32% | 5.55% |
| Dr Reddys Laboratories Ltd. | 3.23% | 3.32% |
| Nestle India Ltd. | 3.52% | 2.83% |
| Pidilite Industries Ltd. | 2.97% | 2.62% |
| HDFC Bank Ltd. | 3.39% | 2.32% |
| Kotak Mahindra Bank Limited | 3.63% | 1.96% |
| Bajaj Auto Limited | 3.12% | 1.20% |
| Tata Consultancy Services Ltd. | 2.58% | 0.67% |
| Wipro Ltd. | 2.82% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 35.9% means 35.9% 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 Nifty100 Low Volatility 30 ETF
| Security | % of fund |
|---|---|
| Apollo Hospitals Enterprise Ltd. | 3.81% |
| NTPC Limited | 3.79% |
| Bharti Airtel Ltd. | 3.65% |
| SBI Life Insurance Company Ltd. | 3.62% |
| Reliance Industries Ltd. | 3.47% |
Largest holdings only in NJ Flexi Cap Fund
| Security | % of fund |
|---|---|
| Bosch Limited | 5.18% |
| Dr. Lal Path Labs Limited | 4.89% |
| Marico Limited | 4.21% |
| Eicher Motors Limited | 4.20% |
| Alkem Laboratories Limited | 3.26% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Nifty100 Low Volatility 30 ETF | NJ Flexi Cap |
|---|---|---|
| Equity | 100.0% | 97.3% |
| Debt | 0.0% | 0.5% |
| Cash and others | 0.0% | 2.1% |
Market cap of stocks
| Market cap | HDFC Nifty100 Low Volatility 30 ETF | NJ Flexi Cap |
|---|---|---|
| Large Cap | 96.7% | 50.8% |
| Mid Cap | 3.2% | 29.5% |
| Small Cap | 0.0% | 15.8% |
| Not on AMFI's list | 0.0% | 1.2% |
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 Nifty100 Low Volatility 30 ETF | NJ Flexi Cap |
|---|---|---|
| Pharmaceuticals & Biotechnology | 13.8% | 22.0% |
| Banks | 13.9% | 8.4% |
| Power | 10.6% | 0.0% |
| Automobiles | 6.3% | 7.9% |
| Food Products | 7.2% | 6.6% |
| Insurance | 6.9% | 0.0% |
| Diversified FMCG | 6.9% | 3.3% |
| Auto Components | 0.0% | 6.5% |
| IT - Software | 5.4% | 5.0% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Nifty100 Low Volatility 30 ETF vs NJ Flexi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Nifty100 Low Volatility 30 ETF | NJ Flexi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.84% |
| Base expense ratio (Direct) | 0.00% | 0.52% |
| Total expense ratio (Regular) | Not available | 2.23% |
| Base expense ratio (Regular) | 0.25% | 1.70% |
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.
More comparisons
Each fund against the others of its category
HDFC Nifty100 Low Volatility 30 ETF vs NJ Flexi Cap Fund: Frequently Asked Questions
What is the difference between HDFC Nifty100 Low Volatility 30 ETF and NJ Flexi Cap Fund?
HDFC Nifty100 Low Volatility 30 ETF is an ETF fund, NJ Flexi Cap Fund is a Flexi Cap fund, run by HDFC Mutual Fund and NJ Mutual Fund. Their portfolios overlap 35.9%. HDFC Nifty100 Low Volatility 30 ETF charges 0.35% a year and NJ Flexi Cap Fund 0.84%.
Which has given higher returns, HDFC Nifty100 Low Volatility 30 ETF or NJ Flexi Cap Fund?
Over 1 year: HDFC Nifty100 Low Volatility 30 ETF −7.82%, NJ Flexi Cap Fund −6.08%. Over 3 years: HDFC Nifty100 Low Volatility 30 ETF +9.56% a year, NJ Flexi Cap Fund +8.87% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC Nifty100 Low Volatility 30 ETF or NJ Flexi Cap Fund?
HDFC Nifty100 Low Volatility 30 ETF charges less: 0.35% a year against 0.84%. These are the total expense ratios reported to AMFI.
How much do HDFC Nifty100 Low Volatility 30 ETF and NJ Flexi Cap Fund overlap?
35.9%. They hold 14 of the same securities, the largest shared ones being ICICIBANK, BRITANNIA, SUNPHARMA. From each fund's latest monthly portfolio.
Which is riskier, HDFC Nifty100 Low Volatility 30 ETF or NJ Flexi Cap Fund?
On SEBI's riskometer, HDFC Nifty100 Low Volatility 30 ETF is rated Very High and NJ Flexi Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 11.60% and 14.26% a year.
Which is better for SIP, HDFC Nifty100 Low Volatility 30 ETF or NJ Flexi Cap Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,75,360 in HDFC Nifty100 Low Volatility 30 ETF (XIRR 0.9% a year) and ₹3,61,467 in NJ Flexi Cap Fund (XIRR -1.5% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both HDFC Nifty100 Low Volatility 30 ETF and NJ Flexi Cap Fund?
Yes. 35.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HDFC Nifty100 Low Volatility 30 ETF and NJ Flexi Cap Fund?
HDFC Nifty100 Low Volatility 30 ETF: Abhishek Mor, Arun Agarwal. NJ Flexi Cap Fund: Dhaval Patel, Viral Shah, Jaimin Ilavia.
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.