HDFC Nifty50 Value 20 ETF vs Tata Value Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
HDFC Nifty50 Value 20 ETF is an ETF fund and Tata Value Fund is a Value and Contra fund. In the 3 years to 30-10-2026, HDFC Nifty50 Value 20 ETF returned 5.6% a year and Tata Value Fund (Direct) returned 11.5% a year. HDFC Nifty50 Value 20 ETF charges 0.22% a year and Tata Value Fund 1.06%. Their portfolios overlap 30.0%: they hold 9 of the same securities.
HDFC Nifty50 Value 20 ETF
ETF
- 3 year return
- 5.6%
- Expense ratio
- 0.22%
- NAV
- ₹120.71
Which is better, HDFC Nifty50 Value 20 ETF or Tata Value? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Tata Value returned more over 3 years: 11.5% a year against 5.6%.
- Tata Value returned more over 1 year: −7.1% against −12.0%.
- HDFC Nifty50 Value 20 ETF costs less: 0.22% a year against 1.06%.
- HDFC Nifty50 Value 20 ETF swung less over 3 years: a standard deviation of 13.2% a year against 15.4%.
- Tata Value fell less in its worst fall since 23-09-2022: −20.9% against −22.5%.
- HDFC Nifty50 Value 20 ETF holds more in large companies: 99.0% of the fund in large caps against 65.2%.
- Tata Value is the larger fund: ₹8,239 Cr against ₹35 Cr.
- Their portfolios overlap 30.0%: 9 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 Nifty50 Value 20 ETF | Tata Value Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | Tata Mutual Fund |
| Category | ETF | Value and Contra |
| AUM | ₹35 Cr (30-09-2026) | ₹8,239 Cr (30-09-2026) |
| NAV | ₹120.71 | ₹375.88 (Direct) |
| Expense ratio (Direct) | Not available | 1.06% |
| Expense ratio (Regular) | Not available | 1.99% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty50 Value 20 TRI | Nifty 500 TRI |
| Launch date | 23-09-2022 | 29-06-2004 |
| 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 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Abhishek Mor, Arun Agarwal | Sonam Udasi |
| Exit load | Not available | Exit load of 0.50%, if redeemed within 30 days. |
HDFC Nifty50 Value 20 ETF vs Tata Value: 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 Nifty50 Value 20 ETF | +2.09% | −4.92% | −6.75% | −11.97% | +5.59% | -- | -- |
| Tata Value Fund (Direct) | −2.72% | −5.29% | −3.70% | −7.07% | +11.48% | +11.54% | +13.19% |
| Value and Contra average | −2.09% | −5.76% | −3.23% | −5.72% | +11.83% | +11.08% | +12.63% |
Category average: the average of the 30 Value and Contra funds, same plan type.
HDFC Nifty50 Value 20 ETF vs Tata Value: Year-wise Returns
| Year | HDFC Nifty50 Value 20 ETFHDFC Nifty50 Value 20 ETF | Tata ValueTata Value |
|---|---|---|
| 2026to date | −13.66% | −8.69% |
| 2025 | +0.73% | +4.74% |
| 2024 | +17.58% | +22.90% |
| 2023 | +29.40% | +38.33% |
| 2022 | -- | +7.04% |
| 2021 | -- | +29.39% |
HDFC Nifty50 Value 20 ETF vs Tata Value: Rolling Returns
Every holding period of both funds, against Nifty50 Value 20 TRI, the benchmark of HDFC Nifty50 Value 20 ETF
Rolling returns
Every 3-year holding period, 271 of them, one for each trading day from 23-09-2025 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 Nifty50 Value 20 ETF
Tata Value Fund (Direct)
Nifty50 Value 20 TRI
to
Oct 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 Nifty50 Value 20 ETF | 0.0 | 9.6 | 31.4 | 45.0 | 14.0 | 0.0 | 0.0 | 10.9% | 11.4% | 3.4% | 16.2% | 0% |
| Tata Value | 0.0 | 0.0 | 0.0 | 27.0 | 38.1 | 34.8 | 0.0 | 17.7% | 18.6% | 11.1% | 22.4% | 100% |
| Nifty50 Value 20 TRI | 0.0 | 8.1 | 30.6 | 45.4 | 15.9 | 0.0 | 0.0 | 11.2% | 11.7% | 3.7% | 16.6% | -- |
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 Nifty50 Value 20 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 23-09-2022. Past returns do not promise future returns.
HDFC Nifty50 Value 20 ETF vs Tata Value: 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 23-09-2022 to 30-10-2026: 50 instalments, ₹5,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC Nifty50 Value 20 ETFHDFC Nifty50 Value 20 ETF | ₹5,00,000 | ₹5,12,715 | ₹12,715 | 1.2% |
| Tata ValueTata Value Fund (Direct) | ₹5,00,000 | ₹5,81,827 | ₹81,827 | 7.2% |
HDFC Nifty50 Value 20 ETFHDFC Nifty50 Value 20 ETF
Tata ValueTata Value 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 Nifty50 Value 20 ETF vs Tata Value: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Nifty50 Value 20 ETF | Tata Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | −11.97% | −7.07% |
| Standard deviation | 12.53% | 14.58% |
| Sharpe ratio | -1.37 | -0.85 |
| Sortino ratio | -1.79 | -1.11 |
| Maximum drawdown | −17.4% (08-10-2026) | −13.1% (31-03-2026) |
| Beta | 1.00 | 0.97 |
| Alpha | −0.25% | −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 Nifty50 Value 20 ETF | Tata Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.59% | +11.48% |
| Standard deviation | 13.23% | 15.42% |
| Sharpe ratio | -0.03 | 0.35 |
| Sortino ratio | -0.05 | 0.47 |
| Maximum drawdown | −22.5% (08-10-2026) | −20.9% (03-03-2025) |
| Beta | 1.00 | 1.03 |
| Alpha | −0.28% | +1.15% |
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 Nifty50 Value 20 ETF | Tata Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.62% | +15.55% |
| Standard deviation | 12.72% | 16.13% |
| Sharpe ratio | 0.19 | 0.59 |
| Sortino ratio | 0.27 | 0.79 |
| Maximum drawdown | −22.5% (08-10-2026) | −37.9% (23-03-2020) |
| Beta | 1.00 | 0.97 |
| Alpha | −0.28% | +2.97% |
From daily NAVs, 23-09-2022 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 Nifty50 Value 20 ETF
Tata Value Fund (Direct)
Nifty50 Value 20 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC Nifty50 Value 20 ETF | −22.5% | 26-09-2024 | 08-10-2026 | Not yet | -- | −19.7% |
| Tata Value Fund (Direct) | −20.9% | 27-09-2024 | 03-03-2025 | Not yet | -- | −11.9% |
| Nifty50 Value 20 TRI | −22.1% | 26-09-2024 | 08-10-2026 | Not yet | -- | −19.3% |
From daily values since 23-09-2022, 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 Nifty50 Value 20 ETF
Tata Value Fund (Direct)
Nifty50 Value 20 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 Nifty50 Value 20 ETF
Tata Value Fund (Direct)
Nifty50 Value 20 TRI
Against Nifty50 Value 20 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC Nifty50 Value 20 ETF | 99% | 101% | 0.07% |
| Tata Value Fund (Direct) | 107% | 76% | 7.37% |
From month-end values since 23-09-2022. 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 Nifty50 Value 20 ETF vs Tata Value: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Nifty50 Value 20 ETF, September 2026; Tata Value Fund, September 2026
Holdings in common
- Overlap
- 30.0%
- Held by both
- 9
- Only in HDFC Nifty50 Value 20 ETF
- 11
- Only in Tata Value
- 28
| Security | % of HDFC Nifty50 Value 20 ETF | % of Tata Value |
|---|---|---|
| ICICI Bank Ltd. | 11.35% | 9.10% |
| Kotak Mahindra Bank Limited | 3.76% | 4.42% |
| ITC LIMITED | 5.58% | 3.44% |
| Coal India Ltd. | 3.38% | 5.41% |
| NTPC Limited | 3.22% | 3.53% |
| HDFC Bank Ltd. | 14.74% | 2.53% |
| Power Grid Corporation of India Ltd. | 2.14% | 2.30% |
| Infosys Limited | 6.52% | 1.42% |
| Tata Consultancy Services Ltd. | 3.68% | 0.96% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 30.0% means 30.0% 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 Nifty50 Value 20 ETF
| Security | % of fund |
|---|---|
| Reliance Industries Ltd. | 12.16% |
| State Bank of India | 9.11% |
| Axis Bank Ltd. | 5.41% |
| Oil & Natural Gas Corporation Ltd. | 4.15% |
| Tata Motors Passenger Vehicles Limited | 3.22% |
Largest holdings only in Tata Value Fund
| Security | % of fund |
|---|---|
| SHRIRAM FINANCE LTD | 6.01% |
| MOTILAL OSWAL FINANCIAL SERVICE LTD | 5.31% |
| INDUS TOWERS LTD | 4.48% |
| MUTHOOT FINANCE LTD | 4.34% |
| HINDUSTAN ZINC LTD | 4.33% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Nifty50 Value 20 ETF | Tata Value |
|---|---|---|
| Equity | 100.0% | 94.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.0% | 5.4% |
Market cap of stocks
| Market cap | HDFC Nifty50 Value 20 ETF | Tata Value |
|---|---|---|
| Large Cap | 99.0% | 65.2% |
| Mid Cap | 1.0% | 20.3% |
| Small Cap | 0.0% | 9.1% |
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 Nifty50 Value 20 ETF | Tata Value |
|---|---|---|
| Banks | 44.4% | 18.0% |
| IT - Software | 12.4% | 2.4% |
| Petroleum Products | 12.2% | 4.1% |
| Finance | 1.3% | 10.3% |
| Power | 5.4% | 7.0% |
| Diversified FMCG | 5.6% | 3.4% |
| Consumable Fuels | 3.4% | 5.4% |
| Capital Markets | 0.0% | 5.3% |
| Retailing | 0.0% | 4.6% |
| Oil | 4.2% | 2.5% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Nifty50 Value 20 ETF vs Tata Value: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Nifty50 Value 20 ETF | Tata Value Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.06% |
| Base expense ratio (Direct) | 0.00% | 0.70% |
| Total expense ratio (Regular) | Not available | 1.99% |
| Base expense ratio (Regular) | 0.17% | 1.52% |
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 Nifty50 Value 20 ETF vs Tata Value Fund: Frequently Asked Questions
What is the difference between HDFC Nifty50 Value 20 ETF and Tata Value Fund?
HDFC Nifty50 Value 20 ETF is an ETF fund, Tata Value Fund is a Value and Contra fund, run by HDFC Mutual Fund and Tata Mutual Fund. Their portfolios overlap 30.0%. HDFC Nifty50 Value 20 ETF charges 0.22% a year and Tata Value Fund 1.06%.
Which has given higher returns, HDFC Nifty50 Value 20 ETF or Tata Value Fund?
Over 1 year: HDFC Nifty50 Value 20 ETF −11.97%, Tata Value Fund −7.07%. Over 3 years: HDFC Nifty50 Value 20 ETF +5.59% a year, Tata Value Fund +11.48% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC Nifty50 Value 20 ETF or Tata Value Fund?
HDFC Nifty50 Value 20 ETF charges less: 0.22% a year against 1.06%. These are the total expense ratios reported to AMFI.
How much do HDFC Nifty50 Value 20 ETF and Tata Value Fund overlap?
30.0%. They hold 9 of the same securities, the largest shared ones being ICICIBANK, KOTAKBANK, ITC. From each fund's latest monthly portfolio.
Which is riskier, HDFC Nifty50 Value 20 ETF or Tata Value Fund?
On SEBI's riskometer, HDFC Nifty50 Value 20 ETF is rated Very High and Tata Value Fund Very High. Over 3 years, the standard deviation of daily returns was 13.23% and 15.42% a year.
Which is better for SIP, HDFC Nifty50 Value 20 ETF or Tata Value Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,45,743 in HDFC Nifty50 Value 20 ETF (XIRR -4.3% a year) and ₹3,75,877 in Tata Value Fund (XIRR 1.0% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both HDFC Nifty50 Value 20 ETF and Tata Value Fund?
Yes. 30.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HDFC Nifty50 Value 20 ETF and Tata Value Fund?
HDFC Nifty50 Value 20 ETF: Abhishek Mor, Arun Agarwal. Tata Value Fund: Sonam Udasi.
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.