HDFC Retirement Fund - Hybrid-Debt Plan vs Nippon India ETF BSE Sensex
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Retirement Fund - Hybrid-Debt Plan is a Solution fund and Nippon India ETF BSE Sensex is a mutual fund. In the 3 years to 30-10-2026, HDFC Retirement Fund - Hybrid-Debt Plan (Direct) returned 6.5% a year and Nippon India ETF BSE Sensex (Direct) returned 6.3% a year. HDFC Retirement Fund - Hybrid-Debt Plan charges 1.36% a year and Nippon India ETF BSE Sensex 0.04% (Direct plans). Their portfolios overlap 26.7%: they hold 11 of the same securities.
HDFC Retirement Fund - Hybrid-Debt Plan
Solution
- 3 year return
- 6.5%
- Expense ratio
- 1.36%
- NAV
- ₹24.44
Nippon India ETF BSE Sensex
- 3 year return
- 6.3%
- Expense ratio
- 0.04%
- NAV
- ₹857.24
Which is better, HDFC Retirement Fund - Hybrid-Debt Plan or Nippon India ETF BSE Sensex? 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 5 years: 6.7% a year against 5.9%.
- HDFC Retirement Fund - Hybrid-Debt Plan returned more over 3 years: 6.5% a year against 6.3%.
- Nippon India ETF BSE Sensex costs less: 0.04% a year against 1.36% (Direct plans).
- HDFC Retirement Fund - Hybrid-Debt Plan swung less over 3 years: a standard deviation of 3.6% a year against 13.3%.
- HDFC Retirement Fund - Hybrid-Debt Plan fell less in its worst fall since 26-02-2016: −7.8% against −37.8%.
- Nippon India ETF BSE Sensex holds more in large companies: 100.0% of the fund in large caps against 29.6%.
- Nippon India ETF BSE Sensex is the larger fund: ₹27,771 Cr against ₹143 Cr.
- Their portfolios overlap 26.7%: 11 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 | Nippon India ETF BSE Sensex |
|---|---|---|
| Fund house | HDFC Mutual Fund | Nippon India Mutual Fund |
| Category | Solution | Not available |
| AUM | ₹143 Cr (30-09-2026) | ₹27,771 Cr (30-09-2026) |
| NAV | ₹24.44 (Direct) | ₹857.24 (Direct) |
| Expense ratio (Direct) | 1.36% | 0.04% |
| Expense ratio (Regular) | 2.34% | Not available |
| Riskometer | Moderately High | Not available |
| Benchmark | Nifty 50 Hybrid Composite Debt 15:85 Conservative Index | Not available |
| Launch date | 26-02-2016 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | 5 years, or until retirement if earlier | Not available |
| Fund managers | Anupam Joshi, Arun Agarwal, Nandita Menezes, Chirag Setalvad, Gopal Agrawal | Not available |
| Exit load | Nil | Not available |
HDFC Retirement Fund - Hybrid-Debt Plan vs Nippon India ETF BSE Sensex: 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% |
| Nippon India ETF BSE Sensex (Direct) | +2.77% | −4.29% | −2.42% | −10.97% | +6.26% | +5.87% | +11.53% |
HDFC Retirement Fund - Hybrid-Debt Plan vs Nippon India ETF BSE Sensex: Year-wise Returns
| Year | HDFC Retirement Fund - Hybrid-Debt PlanHDFC Retirement Fund - Hybrid-Debt Plan | Nippon India ETF BSE SensexNippon India ETF BSE Sensex |
|---|---|---|
| 2026to date | −1.83% | −11.85% |
| 2025 | +6.35% | +10.33% |
| 2024 | +11.11% | +9.39% |
| 2023 | +12.43% | +20.36% |
| 2022 | +5.00% | +5.73% |
| 2021 | +10.04% | +23.06% |
HDFC Retirement Fund - Hybrid-Debt Plan vs Nippon India ETF BSE Sensex: Rolling Returns
Every holding period of both funds, against BSE SENSEX TRI, the benchmark of Nippon India ETF BSE Sensex
Rolling returns
Every 3-year holding period, 1,858 of them, one for each trading day from 26-02-2019 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)
Nippon India ETF BSE Sensex (Direct)
BSE SENSEX TRI
to
Oct 2019Jan 2018
to
Jan 2021May 2019
to
May 2022Sept 2020
to
Sept 2023Dec 2021
to
Dec 2024Mar 2023
to
Mar 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 | 0.0 | 0.1 | 76.4 | 23.5 | 0.0 | 0.0 | 0.0 | 8.9% | 9.3% | 5.0% | 12.0% | 9% |
| Nippon India ETF BSE Sensex | 0.3 | 4.2 | 12.9 | 40.6 | 32.8 | 6.9 | 2.4 | 14.0% | 14.4% | −2.8% | 31.9% | 1% |
| BSE SENSEX TRI | 0.3 | 4.0 | 12.9 | 38.9 | 34.3 | 7.2 | 2.4 | 14.1% | 14.5% | −2.8% | 32.1% | -- |
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 BSE SENSEX 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 26-02-2016. Past returns do not promise future returns.
HDFC Retirement Fund - Hybrid-Debt Plan vs Nippon India ETF BSE Sensex: 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 26-02-2016 to 30-10-2026: 129 instalments, ₹12,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC Retirement Fund - Hybrid-Debt PlanHDFC Retirement Fund - Hybrid-Debt Plan (Direct) | ₹12,90,000 | ₹19,58,897 | ₹6,68,897 | 7.5% |
| Nippon India ETF BSE SensexNippon India ETF BSE Sensex (Direct) | ₹12,90,000 | ₹22,83,677 | ₹9,93,677 | 10.2% |
HDFC Retirement Fund - Hybrid-Debt PlanHDFC Retirement Fund - Hybrid-Debt Plan (Direct)
Nippon India ETF BSE SensexNippon India ETF BSE Sensex (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 Nippon India ETF BSE Sensex: 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) | Nippon India ETF BSE Sensex (Direct) |
|---|---|---|
| Return (CAGR) | −1.14% | −10.97% |
| Standard deviation | 3.96% | 13.99% |
| Sharpe ratio | -1.61 | -1.16 |
| Sortino ratio | -2.11 | -1.55 |
| Maximum drawdown | −4.0% (30-03-2026) | −16.1% (31-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.07% |
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) | Nippon India ETF BSE Sensex (Direct) |
|---|---|---|
| Return (CAGR) | +6.54% | +6.26% |
| Standard deviation | 3.56% | 13.26% |
| Sharpe ratio | 0.15 | 0.02 |
| Sortino ratio | 0.20 | 0.02 |
| Maximum drawdown | −4.0% (30-03-2026) | −16.1% (31-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.06% |
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 Retirement Fund - Hybrid-Debt Plan (Direct) | Nippon India ETF BSE Sensex (Direct) |
|---|---|---|
| Return (CAGR) | +6.74% | +5.87% |
| Standard deviation | 3.43% | 13.76% |
| Sharpe ratio | 0.27 | 0.00 |
| Sortino ratio | 0.37 | 0.01 |
| Maximum drawdown | −4.0% (30-03-2026) | −16.1% (31-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.05% |
From daily NAVs, 29-10-2021 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) | Nippon India ETF BSE Sensex (Direct) |
|---|---|---|
| Return (CAGR) | +8.71% | +10.19% |
| Standard deviation | 3.48% | 15.93% |
| Sharpe ratio | 0.93 | 0.28 |
| Sortino ratio | 1.30 | 0.38 |
| Maximum drawdown | −7.8% (23-03-2020) | −37.8% (23-03-2020) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.07% |
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)
Nippon India ETF BSE Sensex (Direct)
BSE SENSEX 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) | −7.8% | 14-02-2020 | 23-03-2020 | 10-07-2020 | 4 months | −2.6% |
| Nippon India ETF BSE Sensex (Direct) | −37.8% | 14-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −12.4% |
| BSE SENSEX TRI | −37.9% | 14-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −12.4% |
From daily values since 26-02-2016, 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)
Nippon India ETF BSE Sensex (Direct)
BSE SENSEX 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 Retirement Fund - Hybrid-Debt Plan (Direct)
Nippon India ETF BSE Sensex (Direct)
BSE SENSEX TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-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)
Nippon India ETF BSE Sensex (Direct)
BSE SENSEX TRI
Against BSE SENSEX TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC Retirement Fund - Hybrid-Debt Plan (Direct) | 33% | 5% | 13.13% |
| Nippon India ETF BSE Sensex (Direct) | 100% | 100% | 0.06% |
From month-end values since 26-02-2016. 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 Nippon India ETF BSE Sensex: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Retirement Fund - Hybrid-Debt Plan, September 2026; Nippon India ETF BSE Sensex, September 2026
Holdings in common
- Overlap
- 26.7%
- Held by both
- 11
- Only in HDFC Retirement Fund - Hybrid-Debt Plan
- 38
- Only in Nippon India ETF BSE Sensex
- 19
| Security | % of HDFC Retirement Fund - Hybrid-Debt Plan | % of Nippon India ETF BSE Sensex |
|---|---|---|
| ICICI Bank Ltd. | 7.90% | 11.03% |
| Reliance Industries Ltd. | 5.53% | 9.15% |
| Larsen and Toubro Ltd. | 7.43% | 5.11% |
| HDFC Bank Ltd. | 2.18% | 12.59% |
| State Bank of India | 1.31% | 4.64% |
| Axis Bank Ltd. | 1.12% | 4.08% |
| Bharti Airtel Ltd. | 0.99% | 6.38% |
| Maruti Suzuki India Limited | 0.84% | 1.79% |
| Infosys Limited | 0.70% | 4.08% |
| Power Grid Corporation of India Ltd. | 0.55% | 1.38% |
| ITC LIMITED | 0.46% | 2.96% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 26.7% means 26.7% 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 Nippon India ETF BSE Sensex
| Security | % of fund |
|---|---|
| Kotak Mahindra Bank Limited | 3.57% |
| Mahindra & Mahindra Limited | 3.07% |
| Bajaj Finance Limited | 2.99% |
| Eternal Limited | 2.69% |
| Tata Consultancy Services Limited | 2.41% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Retirement Fund - Hybrid-Debt Plan | Nippon India ETF BSE Sensex |
|---|---|---|
| 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 | Nippon India ETF BSE Sensex |
|---|---|---|
| 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 | Nippon India ETF BSE Sensex |
|---|---|---|
| Banks | 13.1% | 35.9% |
| Petroleum Products | 5.8% | 9.2% |
| IT - Software | 1.0% | 9.1% |
| Construction | 7.7% | 5.1% |
| Telecom - Services | 1.0% | 6.4% |
| Diversified FMCG | 0.5% | 4.9% |
| Retailing | 1.9% | 3.7% |
| 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 Nippon India ETF BSE Sensex: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Retirement Fund - Hybrid-Debt Plan | Nippon India ETF BSE Sensex |
|---|---|---|
| Total expense ratio (Direct) | 1.36% | 0.04% |
| Base expense ratio (Direct) | 0.99% | 0.03% |
| Total expense ratio (Regular) | 2.34% | Not available |
| Base expense ratio (Regular) | 1.85% | 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 Retirement Fund - Hybrid-Debt Plan vs Nippon India ETF BSE Sensex: Frequently Asked Questions
What is the difference between HDFC Retirement Fund - Hybrid-Debt Plan and Nippon India ETF BSE Sensex?
HDFC Retirement Fund - Hybrid-Debt Plan is a Solution fund, Nippon India ETF BSE Sensex is a mutual fund, run by HDFC Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 26.7%. HDFC Retirement Fund - Hybrid-Debt Plan charges 1.36% a year and Nippon India ETF BSE Sensex 0.04%.
Which has given higher returns, HDFC Retirement Fund - Hybrid-Debt Plan or Nippon India ETF BSE Sensex?
Over 1 year: HDFC Retirement Fund - Hybrid-Debt Plan −1.14%, Nippon India ETF BSE Sensex −10.97%. Over 3 years: HDFC Retirement Fund - Hybrid-Debt Plan +6.54% a year, Nippon India ETF BSE Sensex +6.26% a year. Over 5 years: HDFC Retirement Fund - Hybrid-Debt Plan +6.74% a year, Nippon India ETF BSE Sensex +5.87% a year. 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 Nippon India ETF BSE Sensex?
Nippon India ETF BSE Sensex charges less: 0.04% 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 Nippon India ETF BSE Sensex overlap?
26.7%. They hold 11 of the same securities, the largest shared ones being ICICIBANK, RELIANCE, LT. From each fund's latest monthly portfolio.
Which is better for SIP, HDFC Retirement Fund - Hybrid-Debt Plan or Nippon India ETF BSE Sensex?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,05,530 in HDFC Retirement Fund - Hybrid-Debt Plan (XIRR 5.7% a year) and ₹6,79,092 in Nippon India ETF BSE Sensex (XIRR 4.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both HDFC Retirement Fund - Hybrid-Debt Plan and Nippon India ETF BSE Sensex?
Yes. 26.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.