HDFC Nifty500 Multicap 50:25:25 Index Fund vs Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Nifty500 Multicap 50:25:25 Index Fund is an Index fund and Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund is an Index fund. In the year to 30-10-2026, HDFC Nifty500 Multicap 50:25:25 Index Fund (Direct) returned −6.5% and Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (Direct) returned −6.2%. HDFC Nifty500 Multicap 50:25:25 Index Fund charges 0.35% a year and Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund 0.36% (Direct plans). Their portfolios overlap 74.9%: they hold 250 of the same securities.
HDFC Nifty500 Multicap 50:25:25 Index Fund
Index
- 1 year return
- −6.5%
- Expense ratio
- 0.35%
- NAV
- ₹9.50
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund
Index
- 1 year return
- −6.2%
- Expense ratio
- 0.36%
- NAV
- ₹13.49
Which is better, HDFC Nifty500 Multicap 50:25:25 Index or Zerodha ELSS Tax Saver Nifty LargeMidcap 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.
- Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index returned more over 1 year: −6.2% against −6.5%.
- HDFC Nifty500 Multicap 50:25:25 Index costs less: 0.35% a year against 0.36% (Direct plans).
- Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index fell less in its worst fall since 23-08-2024: −18.7% against −20.0%.
- HDFC Nifty500 Multicap 50:25:25 Index is the larger fund: ₹510 Cr against ₹280 Cr.
- Their portfolios overlap 74.9%: 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 Nifty500 Multicap 50:25:25 Index Fund | Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | Zerodha Mutual Fund |
| Category | Index | Index |
| AUM | ₹510 Cr (30-09-2026) | ₹280 Cr (30-09-2026) |
| NAV | ₹9.50 (Direct) | ₹13.49 (Direct) |
| Expense ratio (Direct) | 0.35% | 0.36% |
| Expense ratio (Regular) | 0.82% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 500 Multicap 50:25:25 Total Return Index | Nifty LargeMidcap 250 TRI |
| Launch date | 23-08-2024 | 08-11-2023 |
| Minimum investment | ₹100 | ₹500 |
| Lock in | None | None |
| Fund managers | Nandita Menezes, Arun Agarwal | Kedarnath Mirajkar |
| Exit load | NIL | Nil |
HDFC Nifty500 Multicap 50:25:25 Index vs Zerodha ELSS Tax Saver Nifty LargeMidcap 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 Nifty500 Multicap 50:25:25 Index Fund (Direct) | −1.90% | −6.32% | −2.43% | −6.45% | -- | -- | -- |
| Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (Direct) | −1.30% | −6.82% | −3.24% | −6.16% | -- | -- | -- |
HDFC Nifty500 Multicap 50:25:25 Index vs Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index: Year-wise Returns
| Year | HDFC Nifty500 Multicap 50:25:25HDFC Nifty500 Multicap 50:25:25 Index | Zerodha ELSS Tax Saver Nifty LargeMidcap 250Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index |
|---|---|---|
| 2026to date | −5.92% | −6.81% |
| 2025 | +4.88% | +8.44% |
| 2024 | -- | +18.59% |
HDFC Nifty500 Multicap 50:25:25 Index vs Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index: Rolling Returns
Every holding period of both funds, against Nifty500 Multicap 50:25:25 TRI, the benchmark of HDFC Nifty500 Multicap 50:25:25 Index Fund
Rolling returns
Every 1-year holding period, 290 of them, one for each trading day from 25-08-2025 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 Nifty500 Multicap 50:25:25 Index Fund (Direct)
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
to
Sept 2025Dec 2024
to
Dec 2025Feb 2025
to
Feb 2026May 2025
to
May 2026Jul 2025
to
Jul 2026Sept 2025
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 Nifty500 Multicap 50:25:25 Index | 29.3 | 37.2 | 26.2 | 5.9 | 1.4 | 0.0 | 0.0 | 2.9% | 2.7% | −8.0% | 15.7% | 0% |
| Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index | 19.0 | 34.1 | 29.0 | 12.8 | 5.2 | 0.0 | 0.0 | 4.9% | 4.6% | −7.7% | 18.6% | 91% |
| Nifty500 Multicap 50:25:25 TRI | 27.2 | 35.2 | 29.3 | 6.2 | 2.1 | 0.0 | 0.0 | 3.4% | 3.1% | −7.6% | 16.2% | -- |
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 Nifty500 Multicap 50:25:25 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 23-08-2024. Past returns do not promise future returns.
HDFC Nifty500 Multicap 50:25:25 Index vs Zerodha ELSS Tax Saver Nifty LargeMidcap 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 23-08-2024 to 30-10-2026: 27 instalments, ₹2,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC Nifty500 Multicap 50:25:25 IndexHDFC Nifty500 Multicap 50:25:25 Index Fund (Direct) | ₹2,70,000 | ₹2,64,867 | −₹5,133 | −1.6% |
| Zerodha ELSS Tax Saver Nifty LargeMidcap 250 IndexZerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (Direct) | ₹2,70,000 | ₹2,66,105 | −₹3,895 | −1.2% |
HDFC Nifty500 Multicap 50:25:25 IndexHDFC Nifty500 Multicap 50:25:25 Index Fund (Direct)
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 IndexZerodha ELSS Tax Saver Nifty LargeMidcap 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 Nifty500 Multicap 50:25:25 Index vs Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Nifty500 Multicap 50:25:25 Index Fund (Direct) | Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −6.45% | −6.16% |
| Standard deviation | 14.94% | 14.85% |
| Sharpe ratio | -0.78 | -0.77 |
| Sortino ratio | -1.04 | -1.02 |
| Maximum drawdown | −14.7% (30-03-2026) | −14.3% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.42% | +0.31% |
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 Nifty500 Multicap 50:25:25 Index Fund (Direct) | Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.31% | +10.56% |
| Standard deviation | 14.74% | 14.89% |
| Sharpe ratio | -0.55 | 0.31 |
| Sortino ratio | -0.73 | 0.41 |
| Maximum drawdown | −20.0% (03-03-2025) | −18.7% (28-02-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.44% | +0.12% |
From daily NAVs, 23-08-2024 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 Nifty500 Multicap 50:25:25 Index Fund (Direct)
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC Nifty500 Multicap 50:25:25 Index Fund (Direct) | −20.0% | 26-09-2024 | 03-03-2025 | Not yet | -- | −8.6% |
| Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (Direct) | −18.7% | 26-09-2024 | 28-02-2025 | 17-11-2025 | 9 months | −8.6% |
| Nifty500 Multicap 50:25:25 TRI | −19.8% | 26-09-2024 | 03-03-2025 | 03-08-2026 | 17 months | −8.0% |
From daily values since 23-08-2024, 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 Nifty500 Multicap 50:25:25 Index Fund (Direct)
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
Against Nifty500 Multicap 50:25:25 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC Nifty500 Multicap 50:25:25 Index Fund (Direct) | 99% | 101% | 0.08% |
| Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (Direct) | 99% | 97% | 2.02% |
From month-end values since 23-08-2024. 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 Nifty500 Multicap 50:25:25 Index vs Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Nifty500 Multicap 50:25:25 Index Fund, September 2026; Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund, September 2026
Holdings in common
- Overlap
- 74.9%
- Held by both
- 250
- Only in HDFC Nifty500 Multicap 50:25:25 Index
- 248
- Only in Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index
- 0
| Security | % of HDFC Nifty500 Multicap 50:25:25 Index | % of Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index |
|---|---|---|
| HDFC Bank Ltd. | 4.20% | 4.22% |
| ICICI Bank Ltd. | 3.67% | 3.68% |
| Reliance Industries Ltd. | 3.07% | 3.08% |
| Bharti Airtel Ltd. | 2.07% | 2.08% |
| Larsen and Toubro Ltd. | 1.70% | 1.71% |
| State Bank of India | 1.53% | 1.54% |
| Infosys Limited | 1.36% | 1.36% |
| Axis Bank Ltd. | 1.36% | 1.37% |
| Kotak Mahindra Bank Limited | 1.19% | 1.19% |
| Mahindra & Mahindra Ltd. | 1.02% | 1.02% |
| Bajaj Finance Ltd. | 1.01% | 1.02% |
| ITC LIMITED | 0.98% | 0.98% |
| Eternal Limited | 0.90% | 0.90% |
| Tata Consultancy Services Ltd. | 0.81% | 0.81% |
| Sun Pharmaceutical Industries Ltd. | 0.74% | 0.75% |
| Titan Company Ltd. | 0.73% | 0.74% |
| Hindustan Unilever Ltd. | 0.65% | 0.65% |
| Maruti Suzuki India Limited | 0.60% | 0.60% |
| Tata Steel Ltd. | 0.59% | 0.59% |
| NTPC Limited | 0.59% | 0.59% |
| Adani Ports & Special Economic Zone | 0.55% | 0.55% |
| Bharat Electronics Ltd. | 0.54% | 0.54% |
| Hindalco Industries Ltd. | 0.53% | 0.53% |
| Shriram Finance Ltd. | 0.53% | 0.53% |
| Multi Commodity Exchange of India L | 0.52% | 1.04% |
| UltraTech Cement Limited | 0.50% | 0.50% |
| HCL Technologies Ltd. | 0.50% | 0.50% |
| Bombay Stock Exchange Limited (BSE) | 0.49% | 0.49% |
| The Federal Bank Ltd. | 0.48% | 0.97% |
| JSW Steel Ltd. | 0.47% | 0.47% |
| Laurus Labs Ltd. | 0.47% | 0.95% |
| Divis Laboratories Ltd. | 0.46% | 0.46% |
| Power Grid Corporation of India Ltd. | 0.46% | 0.46% |
| Bajaj Auto Limited | 0.46% | 0.46% |
| Grasim Industries Ltd. | 0.45% | 0.45% |
| InterGlobe Aviation Ltd. | 0.44% | 0.44% |
| One 97 Communications Limited | 0.44% | 0.89% |
| Asian Paints Limited | 0.42% | 0.42% |
| Hero MotoCorp Ltd. | 0.42% | 0.84% |
| Indian Hotels Company Ltd. | 0.39% | 0.79% |
| Coal India Ltd. | 0.39% | 0.39% |
| Bajaj Finserv Ltd. | 0.39% | 0.39% |
| Eicher Motors Ltd. | 0.38% | 0.38% |
| ADANI ENTERPRISES LIMTIED | 0.38% | 0.38% |
| Bharat Heavy Electricals Ltd. | 0.37% | 0.75% |
| TVS Motor Company Ltd. | 0.37% | 0.37% |
| Coforge Limited | 0.37% | 0.75% |
| Tech Mahindra Ltd. | 0.37% | 0.38% |
| Indusind Bank Ltd. | 0.36% | 0.73% |
| Nestle India Ltd. | 0.36% | 0.36% |
| Au Small Finance Bank Ltd. | 0.36% | 0.72% |
| Persistent Systems Limited | 0.35% | 0.71% |
| Hindustan Aeronautics Limited | 0.34% | 0.34% |
| Tata Motors Limited | 0.34% | 0.34% |
| Oil & Natural Gas Corporation Ltd. | 0.34% | 0.34% |
| Trent Ltd. | 0.34% | 0.34% |
| IDFC First Bank Limited | 0.33% | 0.67% |
| Apollo Hospitals Enterprise Ltd. | 0.33% | 0.33% |
| Bharat Forge Ltd. | 0.33% | 0.66% |
| Adani Power (Mundra) Limited | 0.33% | 0.33% |
| Dixon Technologies (India) Ltd. | 0.33% | 0.67% |
| GE Vernova T&D India Limited | 0.32% | 0.64% |
| Life Insurance Corporation of India | 0.31% | 0.62% |
| LENSKART SOLUTIONS LIMITED | 0.31% | 0.62% |
| SBI Life Insurance Company Ltd. | 0.30% | 0.30% |
| Lupin Ltd. | 0.30% | 0.61% |
| Suzlon Energy Ltd | 0.29% | 0.59% |
| Cipla Ltd. | 0.29% | 0.29% |
| Dr Reddys Laboratories Ltd. | 0.29% | 0.29% |
| Indus Towers Limited | 0.29% | 0.59% |
| INFO EDGE (INDIA) LIMITED | 0.29% | 0.58% |
| Aurobindo Pharma Ltd. | 0.28% | 0.57% |
| Jio Financial Services Limited | 0.28% | 0.28% |
| Samvardhana Motherson International Ltd. | 0.28% | 0.28% |
| Max Healthcare Institute Limited | 0.27% | 0.27% |
| Cholamandalam Investment & Finance Co. Ltd. | 0.27% | 0.27% |
| Vedanta Aluminium Metal Limited | 0.27% | 0.27% |
| Ashok Leyland Ltd | 0.27% | 0.54% |
| Fsn Ecommerce Ventures Limited (Nykaa) | 0.27% | 0.54% |
| Torrent Pharmaceuticals Ltd. | 0.27% | 0.27% |
| Marico Ltd. | 0.26% | 0.51% |
| Fortis Healthcare Limited | 0.25% | 0.49% |
| Cummins India Ltd. | 0.25% | 0.25% |
| United Spirits Limited | 0.25% | 0.49% |
| Bharat Petroleum Corporation Ltd. | 0.24% | 0.24% |
| Tata Consumer Products Limited | 0.24% | 0.24% |
| Avenue Supermarts Ltd. | 0.24% | 0.24% |
| APL Apollo Tubes Ltd. | 0.24% | 0.49% |
| ICICI Lombard General Insurance Co | 0.24% | 0.48% |
| Swiggy Limited | 0.23% | 0.46% |
| REC Limited. | 0.23% | 0.46% |
| Embassy Office Parks REIT | 0.23% | 0.47% |
| CG Power and Industrial Solutions Ltd. | 0.23% | 0.23% |
| Tata Motors Passenger Vehicles Limited | 0.23% | 0.23% |
| Varun Beverages Ltd | 0.23% | 0.23% |
| The Tata Power Company Ltd. | 0.23% | 0.23% |
| PB Fintech Limited | 0.23% | 0.46% |
| Yes Bank Ltd. | 0.23% | 0.45% |
| Max Financial Services Ltd. | 0.22% | 0.45% |
| The Phoenix Mills Limited | 0.22% | 0.44% |
| Britannia Industries Ltd. | 0.22% | 0.22% |
| SRF Ltd. | 0.22% | 0.44% |
| HDFC Life Insurance Company Limited | 0.22% | 0.22% |
| Glenmark Pharmaceuticals Ltd. | 0.22% | 0.43% |
| Hindustan Petroleum Corp. Ltd. | 0.21% | 0.41% |
| Lodha Developers Limited | 0.21% | 0.41% |
| Radico Khaitan Limited | 0.21% | 0.42% |
| Indian Oil Corporation Ltd. | 0.20% | 0.20% |
| Apar Industries Limited | 0.20% | 0.40% |
| Aditya Birla Capital ltd. | 0.20% | 0.40% |
| GMR Airports Limited | 0.20% | 0.41% |
| JSW Energy Ltd. | 0.19% | 0.37% |
| National Aluminium Co. Ltd. | 0.19% | 0.38% |
| Solar Industries India Ltd. | 0.19% | 0.19% |
| Alkem Laboratories Ltd. | 0.19% | 0.38% |
| UPL Ltd. | 0.19% | 0.37% |
| Shree Cement Ltd. | 0.18% | 0.37% |
| Bajaj Holdings & Investment Ltd | 0.18% | 0.18% |
| HDFC Asset Management Company Ltd. | 0.18% | 0.18% |
| GAIL (India) Ltd. | 0.18% | 0.18% |
| Power Finance Corporation Ltd. | 0.18% | 0.18% |
| Vedanta Ltd. | 0.18% | 0.18% |
| Pidilite Industries Ltd. | 0.18% | 0.18% |
| Sundaram Finance Ltd. | 0.18% | 0.37% |
| Vishal Mega Mart Limited | 0.17% | 0.35% |
| Bank of Baroda | 0.17% | 0.17% |
| Wipro Ltd. | 0.17% | 0.17% |
| DLF LIMITED | 0.17% | 0.17% |
| MphasiS Limited. | 0.17% | 0.35% |
| Adani Green Energy Limited | 0.17% | 0.17% |
| Polycab India Limited | 0.17% | 0.17% |
| 360 ONE WAM LIMITED | 0.17% | 0.33% |
| Indian Bank | 0.17% | 0.35% |
| MANKIND PHARMA LIMITED | 0.17% | 0.35% |
| NHPC Ltd. | 0.17% | 0.34% |
| KEI Industries Ltd. | 0.17% | 0.34% |
| Adani Energy Solutions Limited | 0.17% | 0.17% |
| Billionbrains Garage Ventures Limited (Groww) | 0.16% | 0.32% |
| Steel Authority Of India Ltd. | 0.16% | 0.32% |
| Havells India Ltd. | 0.16% | 0.31% |
| Piramal Finance Ltd. | 0.16% | 0.33% |
| Lloyds Metals & Energy Ltd. | 0.16% | 0.32% |
| Bosch Limited | 0.16% | 0.16% |
| Biocon Ltd. | 0.16% | 0.32% |
| Canara Bank | 0.16% | 0.16% |
| Ipca Laboratories Ltd. | 0.16% | 0.33% |
| NMDC Limited | 0.16% | 0.33% |
| Jindal Steel Limited. | 0.16% | 0.16% |
| Oracle Financial Ser Software Ltd. | 0.16% | 0.31% |
| Tube Investments of India Ltd. | 0.16% | 0.31% |
| Hitachi Energy India Ltd. | 0.15% | 0.15% |
| Punjab National Bank | 0.15% | 0.15% |
| LTM Limited | 0.15% | 0.15% |
| Voltas Ltd. | 0.15% | 0.30% |
| Oil India Limited | 0.15% | 0.30% |
| Prestige Estates Projects Ltd. | 0.15% | 0.31% |
| Torrent Power Ltd. | 0.15% | 0.29% |
| MRF Ltd. | 0.15% | 0.31% |
| Dabur India Ltd. | 0.14% | 0.28% |
| ABB India Ltd. | 0.14% | 0.14% |
| Supreme Industries Ltd. | 0.14% | 0.27% |
| Jindal Stainless Ltd. | 0.14% | 0.29% |
| Colgate-Palmolive ( I ) Ltd. | 0.14% | 0.29% |
| Waaree Energies Limited | 0.14% | 0.28% |
| Godrej Properties Ltd. | 0.14% | 0.27% |
| L&T Finance Ltd. | 0.14% | 0.28% |
| VODAFONE IDEA LIMITED | 0.14% | 0.14% |
| Page Industries Ltd | 0.14% | 0.28% |
| Siemens Ltd. | 0.13% | 0.13% |
| Oberoi Realty Ltd. | 0.13% | 0.26% |
| Meesho Limited | 0.13% | 0.26% |
| Godrej Consumer Products Ltd. | 0.13% | 0.13% |
| Coromandel International Limited | 0.13% | 0.26% |
| Kalyan Jewellers India Ltd | 0.13% | 0.26% |
| Petronet LNG Ltd. | 0.13% | 0.26% |
| UNO Minda Limited | 0.13% | 0.26% |
| Union Bank of India | 0.13% | 0.13% |
| Mahindra & Mahindra Financial Services Ltd. | 0.13% | 0.26% |
| JK Cement Limited | 0.13% | 0.26% |
| JSW Infrastructure Limited | 0.13% | 0.26% |
| Tata Communications Limited | 0.12% | 0.24% |
| Nippon Life India Asset Management Limited | 0.12% | 0.24% |
| Exide Industries Ltd. | 0.12% | 0.23% |
| Blue Star Ltd. | 0.12% | 0.24% |
| Zydus Lifesciences Limited | 0.11% | 0.11% |
| SBI CARDS AND PAYMENT SERVICES LIMITED | 0.11% | 0.21% |
| GUJARAT FLUOROCHEMICALS LIMITED | 0.11% | 0.23% |
| Hyundai Motor India Limited | 0.11% | 0.11% |
| Siemens Energy India Limited | 0.11% | 0.11% |
| Hindustan Zinc Ltd. | 0.11% | 0.11% |
| LG Electronics India Limited | 0.11% | 0.22% |
| ICICI PRUDENTIAL ASSET MANAGEMENT COMPANY LIMITED | 0.11% | 0.23% |
| ITC Hotels Limited | 0.11% | 0.23% |
| Muthoot Finance Ltd. | 0.11% | 0.11% |
| HINDUSTAN COPPER LIMITED | 0.11% | 0.22% |
| PI Industries Ltd. | 0.11% | 0.23% |
| ICICI Prudential Life Insurance Company Ltd. | 0.11% | 0.22% |
| Jubilant Foodworks Limited | 0.11% | 0.22% |
| Aster DM Quality Care Limited | 0.11% | 0.23% |
| Astral Limited | 0.10% | 0.21% |
| Ajanta Pharma Limited | 0.10% | 0.20% |
| Bank of India | 0.10% | 0.19% |
| LIC Housing Finance Ltd. | 0.10% | 0.20% |
| Motilal Oswal Financial Services Ltd. | 0.10% | 0.19% |
| ADANI TOTAL GAS LIMITED | 0.10% | 0.20% |
| Bank of Maharashtra | 0.10% | 0.20% |
| Schaeffler India Ltd. | 0.10% | 0.19% |
| Balkrishna Industries Ltd. | 0.10% | 0.21% |
| Ambuja Cements Ltd. | 0.09% | 0.09% |
| Container Corporation of India Ltd. | 0.09% | 0.19% |
| AUTHUM INVESTMENT & INFRASTRUCTURE LIMITED | 0.09% | 0.18% |
| AIA Engineering Ltd. | 0.09% | 0.18% |
| Abbott India Ltd. | 0.09% | 0.17% |
| Dalmia Bharat Ltd. | 0.08% | 0.16% |
| Premier Energies Limited | 0.08% | 0.16% |
| Thermax Ltd. | 0.08% | 0.16% |
| Indian Railway Catering And Tourism Corp Ltd | 0.08% | 0.17% |
| Narayana Hrudayalaya Limited | 0.08% | 0.15% |
| Berger Paints (I) Ltd | 0.08% | 0.16% |
| Linde India Ltd | 0.08% | 0.16% |
| General Insurance Corporation of India | 0.08% | 0.16% |
| Patanjali Foods Limited | 0.08% | 0.15% |
| Cochin Shipyard Ltd. | 0.08% | 0.16% |
| HDB Financial Services Ltd. | 0.08% | 0.16% |
| K.P.R. MILL LIMITED | 0.08% | 0.15% |
| Crisil Limited | 0.07% | 0.13% |
| Indian Railways Finance Corp. Ltd. | 0.07% | 0.07% |
| GlaxoSmithkline Pharmaceuticals Ltd | 0.07% | 0.14% |
| Bharti Hexacom Limited | 0.07% | 0.13% |
| Rail Vikas Nigam Ltd | 0.07% | 0.14% |
| Global Health Limited | 0.07% | 0.15% |
| Tata Capital Ltd. | 0.07% | 0.07% |
| ESCORTS KUBOTA LIMITED | 0.06% | 0.11% |
| Anthem Biosciences Limited | 0.06% | 0.11% |
| Bharat Dynamics Limited | 0.06% | 0.13% |
| Mazagon Dock Shipbuilders Ltd | 0.06% | 0.06% |
| Bajaj Housing Finance Ltd. | 0.06% | 0.11% |
| NLC India Ltd. | 0.06% | 0.12% |
| Endurance Technologies Ltd. | 0.06% | 0.12% |
| L&T Technology Services Ltd. | 0.05% | 0.11% |
| Housing and Urban Development Corporation Ltd. | 0.05% | 0.10% |
| Hexaware Technologies Ltd. | 0.05% | 0.09% |
| NTPC Green Energy Limited | 0.05% | 0.11% |
| Indian Renewable Energy Development Agency Limited | 0.05% | 0.11% |
| Godfrey Phillips India Ltd. | 0.05% | 0.10% |
| Tata Investment Corp Ltd | 0.05% | 0.10% |
| United Breweries Ltd. | 0.05% | 0.10% |
| Fertilisers And Chemicals Travancore Limited | 0.03% | 0.06% |
| Godrej Industries Ltd. | 0.03% | 0.06% |
| Indian Overseas Bank | 0.03% | 0.06% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 74.9% means 74.9% 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 Nifty500 Multicap 50:25:25 Index Fund
| Security | % of fund |
|---|---|
| Sona Blw Precision Forgings | 0.42% |
| WELSPUN CORP LIMITED | 0.40% |
| Karur Vysya Bank Ltd. | 0.35% |
| Navin Fluorine International Ltd. | 0.34% |
| Ather Energy Limited | 0.30% |
Largest holdings only in Zerodha ELSS Tax Saver Nifty LargeMidcap 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 Nifty500 Multicap 50:25:25 Index | Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index |
|---|---|---|
| Equity | 98.9% | 99.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.1% | 0.4% |
Market cap of stocks
| Market cap | HDFC Nifty500 Multicap 50:25:25 Index | Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index |
|---|---|---|
| Large Cap | 50.4% | 52.0% |
| Mid Cap | 24.3% | 46.3% |
| Small Cap | 24.0% | 1.3% |
| Not on AMFI's list | 0.2% | 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 Nifty500 Multicap 50:25:25 Index | Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index |
|---|---|---|
| Banks | 16.0% | 16.9% |
| Pharmaceuticals & Biotechnology | 6.4% | 6.7% |
| Finance | 6.7% | 6.5% |
| IT - Software | 4.9% | 5.6% |
| Retailing | 3.2% | 4.3% |
| Automobiles | 4.1% | 4.0% |
| Petroleum Products | 3.9% | 3.9% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Nifty500 Multicap 50:25:25 Index vs Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Nifty500 Multicap 50:25:25 Index Fund | Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.35% | 0.36% |
| Base expense ratio (Direct) | 0.23% | 0.25% |
| Total expense ratio (Regular) | 0.82% | Not available |
| Base expense ratio (Regular) | 0.64% | 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 Nifty500 Multicap 50:25:25 Index Fund vs Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund: Frequently Asked Questions
What is the difference between HDFC Nifty500 Multicap 50:25:25 Index Fund and Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund?
HDFC Nifty500 Multicap 50:25:25 Index Fund is an Index fund, Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund is an Index fund, run by HDFC Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 74.9%. HDFC Nifty500 Multicap 50:25:25 Index Fund charges 0.35% a year and Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund 0.36%.
Which has given higher returns, HDFC Nifty500 Multicap 50:25:25 Index Fund or Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund?
Over 1 year: HDFC Nifty500 Multicap 50:25:25 Index Fund −6.45%, Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund −6.16%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC Nifty500 Multicap 50:25:25 Index Fund or Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund?
HDFC Nifty500 Multicap 50:25:25 Index Fund charges less: 0.35% a year against 0.36%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Nifty500 Multicap 50:25:25 Index Fund and Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund overlap?
74.9%. They hold 250 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, HDFC Nifty500 Multicap 50:25:25 Index Fund or Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund?
On SEBI's riskometer, HDFC Nifty500 Multicap 50:25:25 Index Fund is rated Very High and Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Very High. Over 1 years, the standard deviation of daily returns was 14.94% and 14.85% a year.
Can I invest in both HDFC Nifty500 Multicap 50:25:25 Index Fund and Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund?
Yes. 74.9% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages HDFC Nifty500 Multicap 50:25:25 Index Fund and Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund?
HDFC Nifty500 Multicap 50:25:25 Index Fund: Nandita Menezes, Arun Agarwal. Zerodha ELSS Tax Saver Nifty LargeMidcap 250 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.