HDFC Retirement Fund - Hybrid-Debt Plan vs Kotak Nifty Top 10 Equal Weight Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Retirement Fund - Hybrid-Debt Plan is a Solution fund and Kotak Nifty Top 10 Equal Weight Index Fund is an Index fund. In the year to 30-10-2026, HDFC Retirement Fund - Hybrid-Debt Plan (Direct) returned −1.1% and Kotak Nifty Top 10 Equal Weight Index Fund (Direct) returned −13.3%. HDFC Retirement Fund - Hybrid-Debt Plan charges 1.36% a year and Kotak Nifty Top 10 Equal Weight Index Fund 0.39% (Direct plans). Their portfolios overlap 27.6%: they hold 9 of the same securities.
HDFC Retirement Fund - Hybrid-Debt Plan
Solution
- 1 year return
- −1.1%
- Expense ratio
- 1.36%
- NAV
- ₹24.44
Kotak Nifty Top 10 Equal Weight Index Fund
Index
- 1 year return
- −13.3%
- Expense ratio
- 0.39%
- NAV
- ₹8.98
Which is better, HDFC Retirement Fund - Hybrid-Debt Plan or Kotak Nifty Top 10 Equal Weight 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 Retirement Fund - Hybrid-Debt Plan returned more over 1 year: −1.1% against −13.3%.
- Kotak Nifty Top 10 Equal Weight Index costs less: 0.39% a year against 1.36% (Direct plans).
- HDFC Retirement Fund - Hybrid-Debt Plan fell less in its worst fall since 02-05-2025: −4.0% against −19.8%.
- Kotak Nifty Top 10 Equal Weight Index holds more in large companies: 100.0% of the fund in large caps against 29.6%.
- HDFC Retirement Fund - Hybrid-Debt Plan is the larger fund: ₹143 Cr against ₹37 Cr.
- Their portfolios overlap 27.6%: 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 Retirement Fund - Hybrid-Debt Plan | Kotak Nifty Top 10 Equal Weight Index Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Solution | Index |
| AUM | ₹143 Cr (30-09-2026) | ₹37 Cr (30-09-2026) |
| NAV | ₹24.44 (Direct) | ₹8.98 (Direct) |
| Expense ratio (Direct) | 1.36% | 0.39% |
| Expense ratio (Regular) | 2.34% | 1.06% |
| Riskometer | Moderately High | Very High |
| Benchmark | Nifty 50 Hybrid Composite Debt 15:85 Conservative Index | Nifty Top 10 Equal Weight TRI |
| Launch date | 26-02-2016 | 28-04-2025 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | 5 years, or until retirement if earlier | None |
| Fund managers | Anupam Joshi, Arun Agarwal, Nandita Menezes, Chirag Setalvad, Gopal Agrawal | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar |
| Exit load | Nil | Nil |
HDFC Retirement Fund - Hybrid-Debt Plan vs Kotak Nifty Top 10 Equal Weight 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 Retirement Fund - Hybrid-Debt Plan (Direct) | −0.32% | −2.18% | −0.13% | −1.14% | +6.54% | +6.74% | +7.86% |
| Kotak Nifty Top 10 Equal Weight Index Fund (Direct) | +4.79% | −2.79% | −2.38% | −13.30% | -- | -- | -- |
HDFC Retirement Fund - Hybrid-Debt Plan vs Kotak Nifty Top 10 Equal Weight Index: Year-wise Returns
| Year | HDFC Retirement Fund - Hybrid-Debt PlanHDFC Retirement Fund - Hybrid-Debt Plan | Kotak Nifty Top 10 Equal Weight IndexKotak Nifty Top 10 Equal Weight Index |
|---|---|---|
| 2026to date | −1.83% | −15.21% |
| 2025 | +6.35% | -- |
| 2024 | +11.11% | -- |
| 2023 | +12.43% | -- |
| 2022 | +5.00% | -- |
| 2021 | +10.04% | -- |
HDFC Retirement Fund - Hybrid-Debt Plan vs Kotak Nifty Top 10 Equal Weight Index: Rolling Returns
Every holding period of both funds, against Nifty Top 10 Equal Weight TRI, the benchmark of Kotak Nifty Top 10 Equal Weight Index Fund
Rolling returns
Every 1-year holding period, 122 of them, one for each trading day from 04-05-2026 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 Retirement Fund - Hybrid-Debt Plan (Direct)
Kotak Nifty Top 10 Equal Weight Index Fund (Direct)
Nifty Top 10 Equal Weight TRI
to
May 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Oct 2025
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 Retirement Fund - Hybrid-Debt Plan | 14.8 | 85.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.3% | 1.6% | −1.7% | 3.3% | 100% |
| Kotak Nifty Top 10 Equal Weight Index | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −10.6% | −11.3% | −15.3% | −4.8% | 0% |
| Nifty Top 10 Equal Weight TRI | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −10.3% | −11.0% | −14.9% | −4.5% | -- |
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 Nifty Top 10 Equal Weight 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 02-05-2025. Past returns do not promise future returns.
HDFC Retirement Fund - Hybrid-Debt Plan vs Kotak Nifty Top 10 Equal Weight 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 02-05-2025 to 30-10-2026: 18 instalments, ₹1,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC Retirement Fund - Hybrid-Debt PlanHDFC Retirement Fund - Hybrid-Debt Plan (Direct) | ₹1,80,000 | ₹1,79,174 | −₹826 | −0.6% |
| Kotak Nifty Top 10 Equal Weight IndexKotak Nifty Top 10 Equal Weight Index Fund (Direct) | ₹1,80,000 | ₹1,67,639 | −₹12,361 | −8.7% |
HDFC Retirement Fund - Hybrid-Debt PlanHDFC Retirement Fund - Hybrid-Debt Plan (Direct)
Kotak Nifty Top 10 Equal Weight IndexKotak Nifty Top 10 Equal Weight 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 Retirement Fund - Hybrid-Debt Plan vs Kotak Nifty Top 10 Equal Weight Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Retirement Fund - Hybrid-Debt Plan (Direct) | Kotak Nifty Top 10 Equal Weight Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −1.14% | −13.30% |
| Standard deviation | 3.96% | 14.07% |
| Sharpe ratio | -1.61 | -1.32 |
| Sortino ratio | -2.11 | -1.78 |
| Maximum drawdown | −4.0% (30-03-2026) | −19.8% (01-10-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.39% |
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 Retirement Fund - Hybrid-Debt Plan (Direct) | Kotak Nifty Top 10 Equal Weight Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.71% | −7.26% |
| Standard deviation | 3.48% | 13.22% |
| Sharpe ratio | 0.93 | -0.95 |
| Sortino ratio | 1.30 | -1.33 |
| Maximum drawdown | −7.8% (23-03-2020) | −19.8% (01-10-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.34% |
From daily NAVs, 26-02-2016 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 Retirement Fund - Hybrid-Debt Plan (Direct)
Kotak Nifty Top 10 Equal Weight Index Fund (Direct)
Nifty Top 10 Equal Weight TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC Retirement Fund - Hybrid-Debt Plan (Direct) | −4.0% | 11-02-2026 | 30-03-2026 | 06-07-2026 | 3 months | −2.6% |
| Kotak Nifty Top 10 Equal Weight Index Fund (Direct) | −19.8% | 22-12-2025 | 01-10-2026 | Not yet | -- | −15.8% |
| Nifty Top 10 Equal Weight TRI | −19.6% | 22-12-2025 | 01-10-2026 | Not yet | -- | −15.5% |
From daily values since 02-05-2025, 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 Retirement Fund - Hybrid-Debt Plan (Direct)
Kotak Nifty Top 10 Equal Weight Index Fund (Direct)
Nifty Top 10 Equal Weight TRI
Against Nifty Top 10 Equal Weight TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC Retirement Fund - Hybrid-Debt Plan (Direct) | 26% | 17% | 12.71% |
| Kotak Nifty Top 10 Equal Weight Index Fund (Direct) | 99% | 101% | 0.06% |
From month-end values since 02-05-2025. 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 Retirement Fund - Hybrid-Debt Plan vs Kotak Nifty Top 10 Equal Weight Index: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Retirement Fund - Hybrid-Debt Plan, September 2026; Kotak Nifty Top 10 Equal Weight Index Fund, September 2026
Holdings in common
- Overlap
- 27.6%
- Held by both
- 9
- Only in HDFC Retirement Fund - Hybrid-Debt Plan
- 40
- Only in Kotak Nifty Top 10 Equal Weight Index
- 1
| Security | % of HDFC Retirement Fund - Hybrid-Debt Plan | % of Kotak Nifty Top 10 Equal Weight Index |
|---|---|---|
| ICICI Bank Ltd. | 7.90% | 10.10% |
| Larsen and Toubro Ltd. | 7.43% | 9.84% |
| Reliance Industries Ltd. | 5.53% | 9.82% |
| HDFC Bank Ltd. | 2.18% | 9.77% |
| State Bank of India | 1.31% | 9.90% |
| Axis Bank Ltd. | 1.12% | 10.17% |
| Bharti Airtel Ltd. | 0.99% | 9.98% |
| Infosys Limited | 0.70% | 10.08% |
| ITC LIMITED | 0.46% | 9.90% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 27.6% means 27.6% 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 Retirement Fund - Hybrid-Debt Plan
| Security | % of fund |
|---|---|
| 6.67% GOI MAT 171250 | 9.37% |
| Mahindra Rural Housing Finance Ltd | 7.04% |
| 6.48% GOI MAT 061035 | 6.70% |
| 6.19% GOI MAT 160934 | 6.60% |
| 7.57% GOI MAT 170633 | 5.38% |
Largest holdings only in Kotak Nifty Top 10 Equal Weight Index Fund
| Security | % of fund |
|---|---|
| KOTAK MAHINDRA BANK LTD. | 10.47% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Retirement Fund - Hybrid-Debt Plan | Kotak Nifty Top 10 Equal Weight Index |
|---|---|---|
| Equity | 42.0% | 100.0% |
| Debt | 46.5% | 0.0% |
| Cash and others | 11.6% | -0.0% |
Market cap of stocks
| Market cap | HDFC Retirement Fund - Hybrid-Debt Plan | Kotak Nifty Top 10 Equal Weight Index |
|---|---|---|
| Large Cap | 29.6% | 100.0% |
| Mid Cap | 2.9% | 0.0% |
| Small Cap | 9.4% | 0.0% |
| Not on AMFI's list | 0.1% | 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 Retirement Fund - Hybrid-Debt Plan | Kotak Nifty Top 10 Equal Weight Index |
|---|---|---|
| Banks | 13.1% | 50.4% |
| IT - Software | 1.0% | 10.1% |
| Telecom - Services | 1.0% | 10.0% |
| Diversified FMCG | 0.5% | 9.9% |
| Construction | 7.7% | 9.8% |
| Petroleum Products | 5.8% | 9.8% |
| Retailing | 1.9% | 0.0% |
| Auto Components | 1.9% | 0.0% |
| Industrial Products | 1.2% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Retirement Fund - Hybrid-Debt Plan vs Kotak Nifty Top 10 Equal Weight Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Retirement Fund - Hybrid-Debt Plan | Kotak Nifty Top 10 Equal Weight Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.36% | 0.39% |
| Base expense ratio (Direct) | 0.99% | 0.20% |
| Total expense ratio (Regular) | 2.34% | 1.06% |
| Base expense ratio (Regular) | 1.85% | 0.76% |
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 Retirement Fund - Hybrid-Debt Plan vs Kotak Nifty Top 10 Equal Weight Index Fund: Frequently Asked Questions
What is the difference between HDFC Retirement Fund - Hybrid-Debt Plan and Kotak Nifty Top 10 Equal Weight Index Fund?
HDFC Retirement Fund - Hybrid-Debt Plan is a Solution fund, Kotak Nifty Top 10 Equal Weight Index Fund is an Index fund, run by HDFC Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 27.6%. HDFC Retirement Fund - Hybrid-Debt Plan charges 1.36% a year and Kotak Nifty Top 10 Equal Weight Index Fund 0.39%.
Which has given higher returns, HDFC Retirement Fund - Hybrid-Debt Plan or Kotak Nifty Top 10 Equal Weight Index Fund?
Over 1 year: HDFC Retirement Fund - Hybrid-Debt Plan −1.14%, Kotak Nifty Top 10 Equal Weight Index Fund −13.30%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC Retirement Fund - Hybrid-Debt Plan or Kotak Nifty Top 10 Equal Weight Index Fund?
Kotak Nifty Top 10 Equal Weight Index Fund charges less: 0.39% a year against 1.36%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Retirement Fund - Hybrid-Debt Plan and Kotak Nifty Top 10 Equal Weight Index Fund overlap?
27.6%. They hold 9 of the same securities, the largest shared ones being ICICIBANK, LT, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, HDFC Retirement Fund - Hybrid-Debt Plan or Kotak Nifty Top 10 Equal Weight Index Fund?
On SEBI's riskometer, HDFC Retirement Fund - Hybrid-Debt Plan is rated Moderately High and Kotak Nifty Top 10 Equal Weight Index Fund Very High. Over 1 years, the standard deviation of daily returns was 3.96% and 14.07% a year.
Can I invest in both HDFC Retirement Fund - Hybrid-Debt Plan and Kotak Nifty Top 10 Equal Weight Index Fund?
Yes. 27.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HDFC Retirement Fund - Hybrid-Debt Plan and Kotak Nifty Top 10 Equal Weight Index Fund?
HDFC Retirement Fund - Hybrid-Debt Plan: Anupam Joshi, Arun Agarwal, Nandita Menezes, Chirag Setalvad, Gopal Agrawal. Kotak Nifty Top 10 Equal Weight Index Fund: Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar.
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.