HDFC Nifty200 Momentum 30 ETF vs UTI Nifty 200 Momentum 30 Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
HDFC Nifty200 Momentum 30 ETF is an ETF fund and UTI Nifty 200 Momentum 30 Index Fund is an Index fund. In the 3 years to 30-10-2026, HDFC Nifty200 Momentum 30 ETF returned 8.9% a year and UTI Nifty 200 Momentum 30 Index Fund (Direct) returned 9.1% a year. HDFC Nifty200 Momentum 30 ETF charges 0.30% a year and UTI Nifty 200 Momentum 30 Index Fund 0.82%. Their portfolios overlap 99.9%: they hold 30 of the same securities.
HDFC Nifty200 Momentum 30 ETF
ETF
- 3 year return
- 8.9%
- Expense ratio
- 0.30%
- NAV
- ₹28.87
UTI Nifty 200 Momentum 30 Index Fund
Index
- 3 year return
- 9.1%
- Expense ratio
- 0.82%
- NAV
- ₹19.84
Which is better, HDFC Nifty200 Momentum 30 ETF or UTI Nifty 200 Momentum 30 Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- UTI Nifty 200 Momentum 30 Index returned more over 3 years: 9.1% a year against 8.9%.
- HDFC Nifty200 Momentum 30 ETF returned more over 1 year: −9.5% against −9.5%.
- HDFC Nifty200 Momentum 30 ETF costs less: 0.30% a year against 0.82%.
- UTI Nifty 200 Momentum 30 Index swung less over 3 years: a standard deviation of 19.7% a year against 19.7%.
- UTI Nifty 200 Momentum 30 Index fell less in its worst fall since 11-10-2022: −31.5% against −31.7%.
- UTI Nifty 200 Momentum 30 Index is the larger fund: ₹7,962 Cr against ₹99 Cr.
- Their portfolios overlap 99.9%: 30 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 Nifty200 Momentum 30 ETF | UTI Nifty 200 Momentum 30 Index Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | UTI Mutual Fund |
| Category | ETF | Index |
| AUM | ₹99 Cr (30-09-2026) | ₹7,962 Cr (30-09-2026) |
| NAV | ₹28.87 | ₹19.84 (Direct) |
| Expense ratio (Direct) | Not available | 0.82% |
| Expense ratio (Regular) | Not available | 1.29% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty200 Momentum 30 TRI | Nifty200 Momentum 30 TRI |
| Launch date | 11-10-2022 | 10-03-2021 |
| 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 | Regular Plan-Growth- Rs.1000, Direct Plan-Growth- Rs.1000, |
| Lock in | None | None |
| Fund managers | Abhishek Mor, Arun Agarwal | Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3 |
| Exit load | Not available | Nil |
HDFC Nifty200 Momentum 30 ETF vs UTI Nifty 200 Momentum 30 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 Nifty200 Momentum 30 ETF | −3.14% | −4.97% | −4.99% | −9.48% | +8.88% | -- | -- |
| UTI Nifty 200 Momentum 30 Index Fund (Direct) | −3.14% | −4.97% | −4.92% | −9.51% | +9.11% | +7.64% | -- |
HDFC Nifty200 Momentum 30 ETF vs UTI Nifty 200 Momentum 30 Index: Year-wise Returns
| Year | HDFC Nifty200 Momentum 30 ETFHDFC Nifty200 Momentum 30 ETF | UTI Nifty 200 Momentum 30 IndexUTI Nifty 200 Momentum 30 Index | Nifty200 Momentum 30 TRI |
|---|---|---|---|
| 2026to date | −7.97% | −7.90% | −7.62% |
| 2025 | −4.99% | −5.09% | −4.57% |
| 2024 | +20.64% | +21.30% | +21.33% |
| 2023 | +40.85% | +41.37% | +41.71% |
| 2022 | -- | −5.47% | −5.45% |
HDFC Nifty200 Momentum 30 ETF vs UTI Nifty 200 Momentum 30 Index: Rolling Returns
Every holding period of both funds, against Nifty200 Momentum 30 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 258 of them, one for each trading day from 13-10-2025 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 Nifty200 Momentum 30 ETF
UTI Nifty 200 Momentum 30 Index Fund (Direct)
Nifty200 Momentum 30 TRI
to
Nov 2025Jan 2023
to
Jan 2026Mar 2023
to
Mar 2026May 2023
to
May 2026Jul 2023
to
Jul 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 Nifty200 Momentum 30 ETF | 0.0 | 0.0 | 10.1 | 31.4 | 54.7 | 3.9 | 0.0 | 15.1% | 16.0% | 7.2% | 21.5% | 0% |
| UTI Nifty 200 Momentum 30 Index | 0.0 | 0.0 | 9.3 | 31.9 | 53.7 | 5.1 | 0.0 | 15.4% | 16.3% | 7.4% | 21.8% | 0% |
| Nifty200 Momentum 30 TRI | 0.0 | 0.0 | 8.9 | 30.2 | 54.3 | 6.6 | 0.0 | 15.7% | 16.6% | 7.7% | 22.2% | -- |
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 Nifty200 Momentum 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 11-10-2022. Past returns do not promise future returns.
HDFC Nifty200 Momentum 30 ETF vs UTI Nifty 200 Momentum 30 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 11-10-2022 to 30-10-2026: 49 instalments, ₹4,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC Nifty200 Momentum 30 ETFHDFC Nifty200 Momentum 30 ETF | ₹4,90,000 | ₹5,24,260 | ₹34,260 | 3.3% |
| UTI Nifty 200 Momentum 30 IndexUTI Nifty 200 Momentum 30 Index Fund (Direct) | ₹4,90,000 | ₹5,26,506 | ₹36,506 | 3.5% |
HDFC Nifty200 Momentum 30 ETFHDFC Nifty200 Momentum 30 ETF
UTI Nifty 200 Momentum 30 IndexUTI Nifty 200 Momentum 30 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 Nifty200 Momentum 30 ETF vs UTI Nifty 200 Momentum 30 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Nifty200 Momentum 30 ETF | UTI Nifty 200 Momentum 30 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.48% | −9.51% |
| Standard deviation | 19.35% | 19.18% |
| Sharpe ratio | -0.76 | -0.77 |
| Sortino ratio | -1.03 | -1.04 |
| Maximum drawdown | −16.0% (31-03-2026) | −16.1% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.47% | −0.49% |
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 Nifty200 Momentum 30 ETF | UTI Nifty 200 Momentum 30 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.88% | +9.11% |
| Standard deviation | 19.73% | 19.66% |
| Sharpe ratio | 0.14 | 0.16 |
| Sortino ratio | 0.20 | 0.21 |
| Maximum drawdown | −31.7% (07-04-2025) | −31.5% (07-04-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.58% | −0.34% |
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 Nifty200 Momentum 30 ETF | UTI Nifty 200 Momentum 30 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.83% | +13.04% |
| Standard deviation | 18.23% | 19.08% |
| Sharpe ratio | 0.26 | 0.39 |
| Sortino ratio | 0.34 | 0.53 |
| Maximum drawdown | −31.7% (07-04-2025) | −31.5% (07-04-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.57% | −0.46% |
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 Nifty200 Momentum 30 ETF
UTI Nifty 200 Momentum 30 Index Fund (Direct)
Nifty200 Momentum 30 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC Nifty200 Momentum 30 ETF | −31.7% | 27-09-2024 | 07-04-2025 | Not yet | -- | −24.7% |
| UTI Nifty 200 Momentum 30 Index Fund (Direct) | −31.5% | 27-09-2024 | 07-04-2025 | Not yet | -- | −24.5% |
| Nifty200 Momentum 30 TRI | −31.6% | 27-09-2024 | 07-04-2025 | Not yet | -- | −23.9% |
From daily values since 11-10-2022, 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 Nifty200 Momentum 30 ETF
UTI Nifty 200 Momentum 30 Index Fund (Direct)
Nifty200 Momentum 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 Nifty200 Momentum 30 ETF
UTI Nifty 200 Momentum 30 Index Fund (Direct)
Nifty200 Momentum 30 TRI
Against Nifty200 Momentum 30 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC Nifty200 Momentum 30 ETF | 99% | 101% | 0.17% |
| UTI Nifty 200 Momentum 30 Index Fund (Direct) | 99% | 100% | 0.20% |
From month-end values since 11-10-2022. 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 Nifty200 Momentum 30 ETF vs UTI Nifty 200 Momentum 30 Index: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Nifty200 Momentum 30 ETF, September 2026; UTI Nifty 200 Momentum 30 Index Fund, September 2026
Holdings in common
- Overlap
- 99.9%
- Held by both
- 30
- Only in HDFC Nifty200 Momentum 30 ETF
- 0
- Only in UTI Nifty 200 Momentum 30 Index
- 0
| Security | % of HDFC Nifty200 Momentum 30 ETF | % of UTI Nifty 200 Momentum 30 Index |
|---|---|---|
| Laurus Labs Ltd. | 6.54% | 6.54% |
| Multi Commodity Exchange of India L | 6.04% | 6.04% |
| Tata Steel Ltd. | 5.04% | 5.04% |
| Hindalco Industries Ltd. | 5.02% | 5.02% |
| Shriram Finance Ltd. | 5.02% | 5.02% |
| NTPC Limited | 4.70% | 4.70% |
| Adani Power (Mundra) Limited | 4.62% | 4.62% |
| Cummins India Ltd. | 4.46% | 4.46% |
| GE Vernova T&D India Limited | 4.33% | 4.32% |
| Vedanta Ltd. | 4.26% | 4.25% |
| Bombay Stock Exchange Limited (BSE) | 4.14% | 4.14% |
| The Federal Bank Ltd. | 3.75% | 3.74% |
| Bharat Heavy Electricals Ltd. | 3.64% | 3.64% |
| Samvardhana Motherson International Ltd. | 3.34% | 3.34% |
| Bharat Forge Ltd. | 3.20% | 3.19% |
| CG Power and Industrial Solutions Ltd. | 3.04% | 3.03% |
| Hitachi Energy India Ltd. | 2.90% | 2.90% |
| Torrent Pharmaceuticals Ltd. | 2.85% | 2.85% |
| Adani Energy Solutions Limited | 2.79% | 2.79% |
| National Aluminium Co. Ltd. | 2.65% | 2.65% |
| Polycab India Limited | 2.48% | 2.48% |
| Solar Industries India Ltd. | 2.16% | 2.16% |
| Adani Green Energy Limited | 2.07% | 2.07% |
| VODAFONE IDEA LIMITED | 2.02% | 2.02% |
| ABB India Ltd. | 1.85% | 1.85% |
| Glenmark Pharmaceuticals Ltd. | 1.75% | 1.75% |
| Steel Authority Of India Ltd. | 1.68% | 1.68% |
| KEI Industries Ltd. | 1.42% | 1.42% |
| Aditya Birla Capital ltd. | 1.34% | 1.34% |
| L&T Finance Ltd. | 0.88% | 0.88% |
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 Nifty200 Momentum 30 ETF
Every holding of this fund is also held by the other.
Largest holdings only in UTI Nifty 200 Momentum 30 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 Nifty200 Momentum 30 ETF | UTI Nifty 200 Momentum 30 Index |
|---|---|---|
| Equity | 100.0% | 99.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 0.1% |
Market cap of stocks
| Market cap | HDFC Nifty200 Momentum 30 ETF | UTI Nifty 200 Momentum 30 Index |
|---|---|---|
| Large Cap | 66.4% | 66.4% |
| Mid Cap | 33.6% | 33.5% |
| 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 Nifty200 Momentum 30 ETF | UTI Nifty 200 Momentum 30 Index |
|---|---|---|
| Electrical Equipment | 15.8% | 15.7% |
| Power | 14.2% | 14.2% |
| Pharmaceuticals & Biotechnology | 11.1% | 11.1% |
| Capital Markets | 10.2% | 10.2% |
| Industrial Products | 8.4% | 8.4% |
| Non - Ferrous Metals | 7.7% | 7.7% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Nifty200 Momentum 30 ETF vs UTI Nifty 200 Momentum 30 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Nifty200 Momentum 30 ETF | UTI Nifty 200 Momentum 30 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.82% |
| Base expense ratio (Direct) | 0.00% | 0.38% |
| Total expense ratio (Regular) | Not available | 1.29% |
| Base expense ratio (Regular) | 0.25% | 0.79% |
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 Nifty200 Momentum 30 ETF vs UTI Nifty 200 Momentum 30 Index Fund: Frequently Asked Questions
What is the difference between HDFC Nifty200 Momentum 30 ETF and UTI Nifty 200 Momentum 30 Index Fund?
HDFC Nifty200 Momentum 30 ETF is an ETF fund, UTI Nifty 200 Momentum 30 Index Fund is an Index fund, run by HDFC Mutual Fund and UTI Mutual Fund. Their portfolios overlap 99.9%. HDFC Nifty200 Momentum 30 ETF charges 0.30% a year and UTI Nifty 200 Momentum 30 Index Fund 0.82%.
Which has given higher returns, HDFC Nifty200 Momentum 30 ETF or UTI Nifty 200 Momentum 30 Index Fund?
Over 1 year: HDFC Nifty200 Momentum 30 ETF −9.48%, UTI Nifty 200 Momentum 30 Index Fund −9.51%. Over 3 years: HDFC Nifty200 Momentum 30 ETF +8.88% a year, UTI Nifty 200 Momentum 30 Index Fund +9.11% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC Nifty200 Momentum 30 ETF or UTI Nifty 200 Momentum 30 Index Fund?
HDFC Nifty200 Momentum 30 ETF charges less: 0.30% a year against 0.82%. These are the total expense ratios reported to AMFI.
How much do HDFC Nifty200 Momentum 30 ETF and UTI Nifty 200 Momentum 30 Index Fund overlap?
99.9%. They hold 30 of the same securities, the largest shared ones being LAURUSLABS, MCX, TATASTEEL. From each fund's latest monthly portfolio.
Which is riskier, HDFC Nifty200 Momentum 30 ETF or UTI Nifty 200 Momentum 30 Index Fund?
On SEBI's riskometer, HDFC Nifty200 Momentum 30 ETF is rated Very High and UTI Nifty 200 Momentum 30 Index Fund Very High. Over 3 years, the standard deviation of daily returns was 19.73% and 19.66% a year.
Which is better for SIP, HDFC Nifty200 Momentum 30 ETF or UTI Nifty 200 Momentum 30 Index Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,49,812 in HDFC Nifty200 Momentum 30 ETF (XIRR -3.5% a year) and ₹3,50,397 in UTI Nifty 200 Momentum 30 Index Fund (XIRR -3.4% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both HDFC Nifty200 Momentum 30 ETF and UTI Nifty 200 Momentum 30 Index Fund?
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 Nifty200 Momentum 30 ETF and UTI Nifty 200 Momentum 30 Index Fund?
HDFC Nifty200 Momentum 30 ETF: Abhishek Mor, Arun Agarwal. UTI Nifty 200 Momentum 30 Index Fund: Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3.
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.