Sundaram Dividend Yield Fund vs Zerodha Nifty 50 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Sundaram Dividend Yield Fund is a Dividend Yield fund and Zerodha Nifty 50 Index Fund is an Index fund. In the year to 30-10-2026, Sundaram Dividend Yield Fund (Direct) returned −9.2% and Zerodha Nifty 50 Index Fund (Direct) returned −10.3%. Sundaram Dividend Yield Fund charges 1.27% a year and Zerodha Nifty 50 Index Fund 0.28% (Direct plans). Their portfolios overlap 46.3%: they hold 26 of the same securities.
Sundaram Dividend Yield Fund
Dividend Yield
- 1 year return
- −9.2%
- Expense ratio
- 1.27%
- NAV
- ₹138.43
Zerodha Nifty 50 Index Fund
Index
- 1 year return
- −10.3%
- Expense ratio
- 0.28%
- NAV
- ₹9.24
Which is better, Sundaram Dividend Yield or Zerodha Nifty 50 Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Sundaram Dividend Yield returned more over 1 year: −9.2% against −10.3%.
- Zerodha Nifty 50 Index costs less: 0.28% a year against 1.27% (Direct plans).
- Sundaram Dividend Yield fell less in its worst fall since 17-10-2025: −12.8% against −15.2%.
- Zerodha Nifty 50 Index holds more in large companies: 99.2% of the fund in large caps against 70.4%.
- Sundaram Dividend Yield is the larger fund: ₹757 Cr against ₹75 Cr.
- Their portfolios overlap 46.3%: 26 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 | Sundaram Dividend Yield Fund | Zerodha Nifty 50 Index Fund |
|---|---|---|
| Fund house | Sundaram Mutual Fund | Zerodha Mutual Fund |
| Category | Dividend Yield | Index |
| AUM | ₹757 Cr (30-09-2026) | ₹75 Cr (30-09-2026) |
| NAV | ₹138.43 (Direct) | ₹9.24 (Direct) |
| Expense ratio (Direct) | 1.27% | 0.28% |
| Expense ratio (Regular) | 2.43% | Not available |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty 50 TRI |
| Launch date | Not available | 14-10-2025 |
| Minimum investment | Not available | ₹100 |
| Lock in | Not available | None |
| Fund managers | Not available | Kedarnath Mirajkar |
| Exit load | Not available | Nil |
Sundaram Dividend Yield vs Zerodha Nifty 50 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 |
|---|---|---|---|---|---|---|---|
| Sundaram Dividend Yield Fund (Direct) | −0.24% | −5.19% | −5.64% | −9.22% | +9.25% | -- | -- |
| Zerodha Nifty 50 Index Fund (Direct) | +1.95% | −5.00% | −3.12% | −10.25% | -- | -- | -- |
| Dividend Yield average | −1.57% | −5.69% | −3.24% | −5.57% | +12.14% | -- | -- |
Category average: the average of the 12 Dividend Yield funds, same plan type.
Sundaram Dividend Yield vs Zerodha Nifty 50 Index: Year-wise Returns
| Year | Sundaram Dividend YieldSundaram Dividend Yield | Zerodha Nifty 50 IndexZerodha Nifty 50 Index |
|---|---|---|
| 2026to date | −9.84% | −11.01% |
| 2025 | +4.57% | -- |
| 2024 | +17.22% | -- |
| 2023 | +35.70% | -- |
Sundaram Dividend Yield vs Zerodha Nifty 50 Index: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Sundaram Dividend Yield Fund
Sundaram Dividend Yield vs Zerodha Nifty 50 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 01-10-2025 to 30-10-2026: 13 instalments, ₹1,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Sundaram Dividend YieldSundaram Dividend Yield Fund (Direct) | ₹1,30,000 | ₹1,22,663 | −₹7,337 | −9.7% |
| Zerodha Nifty 50 IndexZerodha Nifty 50 Index Fund (Direct) | ₹1,30,000 | ₹1,23,091 | −₹6,909 | −9.1% |
Sundaram Dividend YieldSundaram Dividend Yield Fund (Direct)
Zerodha Nifty 50 IndexZerodha Nifty 50 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.
Sundaram Dividend Yield vs Zerodha Nifty 50 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Sundaram Dividend Yield Fund (Direct) | Zerodha Nifty 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.22% | −10.25% |
| Standard deviation | 11.15% | 13.60% |
| Sharpe ratio | -1.30 | -1.14 |
| Sortino ratio | -1.66 | -1.52 |
| Maximum drawdown | −12.8% (08-10-2026) | −15.2% (30-03-2026) |
| Beta | 0.74 | 1.00 |
| Alpha | −5.14% | −0.28% |
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 | Sundaram Dividend Yield Fund (Direct) | Zerodha Nifty 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.98% | −9.31% |
| Standard deviation | 12.88% | 13.43% |
| Sharpe ratio | 0.24 | -1.08 |
| Sortino ratio | 0.32 | -1.45 |
| Maximum drawdown | −18.9% (28-02-2025) | −15.2% (30-03-2026) |
| Beta | 0.87 | 1.00 |
| Alpha | +0.41% | −0.29% |
From daily NAVs, 03-01-2022 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.
Sundaram Dividend Yield Fund (Direct)
Zerodha Nifty 50 Index Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Sundaram Dividend Yield Fund (Direct) | −12.8% | 02-01-2026 | 08-10-2026 | Not yet | -- | −10.8% |
| Zerodha Nifty 50 Index Fund (Direct) | −15.2% | 02-01-2026 | 30-03-2026 | Not yet | -- | −11.7% |
| Nifty 500 TRI | −14.7% | 02-01-2026 | 30-03-2026 | Not yet | -- | −8.4% |
From daily values since 17-10-2025, 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.
Sundaram Dividend Yield Fund (Direct)
Zerodha Nifty 50 Index Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Sundaram Dividend Yield Fund (Direct) | 52% | 78% | 6.24% |
| Zerodha Nifty 50 Index Fund (Direct) | 73% | 95% | 4.89% |
From month-end values since 17-10-2025. 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.
Sundaram Dividend Yield vs Zerodha Nifty 50 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Sundaram Dividend Yield Fund, September 2026; Zerodha Nifty 50 Index Fund, September 2026
Holdings in common
- Overlap
- 46.3%
- Held by both
- 26
- Only in Sundaram Dividend Yield
- 27
- Only in Zerodha Nifty 50 Index
- 24
| Security | % of Sundaram Dividend Yield | % of Zerodha Nifty 50 Index |
|---|---|---|
| HDFC Bank Ltd | 4.87% | 10.44% |
| ICICI Bank Ltd | 4.62% | 9.10% |
| State Bank of India | 3.76% | 3.81% |
| Infosys Ltd | 2.80% | 3.37% |
| ITC Ltd | 2.43% | 2.43% |
| Larsen & Toubro Ltd | 2.33% | 4.23% |
| Bharti Airtel Ltd | 2.20% | 5.13% |
| Reliance Industries Ltd | 1.72% | 7.63% |
| Hindustan UniLever Ltd | 1.61% | 1.60% |
| NTPC LTD | 4.05% | 1.47% |
| Tata Steel Ltd | 1.95% | 1.47% |
| Mahindra & Mahindra Ltd | 1.44% | 2.53% |
| Axis Bank Ltd | 1.38% | 3.39% |
| Bharat Electronics Ltd | 1.79% | 1.34% |
| Shriram Finance Ltd | 1.49% | 1.32% |
| HCL Technologies Ltd | 1.62% | 1.25% |
| Kotak Mahindra Bank Ltd | 1.24% | 2.95% |
| Sun Pharmaceutical Industries Ltd | 1.20% | 1.85% |
| Bajaj Auto Ltd | 2.10% | 1.14% |
| Power Grid Corporation of India Ltd | 3.01% | 1.13% |
| Ultratech Cement Ltd | 1.08% | 1.25% |
| Coal India Ltd | 3.37% | 0.98% |
| Tata Consultancy Services Ltd | 0.95% | 2.01% |
| Tech Mahindra Ltd | 2.82% | 0.93% |
| Oil & Natural Gas Corporation Ltd | 2.98% | 0.84% |
| Asian Paints Ltd | 0.79% | 1.04% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 46.3% means 46.3% 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 Sundaram Dividend Yield Fund
| Security | % of fund |
|---|---|
| Embassy Office Parks REIT | 4.13% |
| Somany Ceramics Ltd | 2.85% |
| GAIL (India) Ltd | 2.65% |
| Vardhman Textiles Ltd | 2.05% |
| Hindustan Petroleum Corporation Ltd | 1.94% |
Largest holdings only in Zerodha Nifty 50 Index Fund
| Security | % of fund |
|---|---|
| Bajaj Finance Limited | 2.52% |
| Eternal Limited | 2.23% |
| Titan Company Limited | 1.82% |
| Maruti Suzuki India Limited | 1.49% |
| Adani Ports and Special Economic Zone Limited | 1.35% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Sundaram Dividend Yield | Zerodha Nifty 50 Index |
|---|---|---|
| Equity | 91.5% | 100.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 8.5% | -0.6% |
Market cap of stocks
| Market cap | Sundaram Dividend Yield | Zerodha Nifty 50 Index |
|---|---|---|
| Large Cap | 70.4% | 99.2% |
| Mid Cap | 10.9% | 1.4% |
| Small Cap | 10.2% | 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 | Sundaram Dividend Yield | Zerodha Nifty 50 Index |
|---|---|---|
| Banks | 17.0% | 29.7% |
| It - Software | 9.6% | 0.0% |
| Power | 9.6% | 2.6% |
| Petroleum Products | 6.3% | 7.6% |
| IT - Software | 0.0% | 7.6% |
| Automobiles | 4.2% | 6.7% |
| Finance | 1.5% | 5.5% |
| Telecom - Services | 2.2% | 5.1% |
| Oil | 4.3% | 0.8% |
The six largest sectors of each fund's stocks, % of the fund.
Sundaram Dividend Yield vs Zerodha Nifty 50 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Sundaram Dividend Yield Fund | Zerodha Nifty 50 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.27% | 0.28% |
| Base expense ratio (Direct) | 1.01% | 0.10% |
| Total expense ratio (Regular) | 2.43% | Not available |
| Base expense ratio (Regular) | 2.03% | 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.
More comparisons
Each fund against the others of its category
Sundaram Dividend Yield Fund vs Zerodha Nifty 50 Index Fund: Frequently Asked Questions
What is the difference between Sundaram Dividend Yield Fund and Zerodha Nifty 50 Index Fund?
Sundaram Dividend Yield Fund is a Dividend Yield fund, Zerodha Nifty 50 Index Fund is an Index fund, run by Sundaram Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 46.3%. Sundaram Dividend Yield Fund charges 1.27% a year and Zerodha Nifty 50 Index Fund 0.28%.
Which has given higher returns, Sundaram Dividend Yield Fund or Zerodha Nifty 50 Index Fund?
Over 1 year: Sundaram Dividend Yield Fund −9.22%, Zerodha Nifty 50 Index Fund −10.25%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Sundaram Dividend Yield Fund or Zerodha Nifty 50 Index Fund?
Zerodha Nifty 50 Index Fund charges less: 0.28% a year against 1.27%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Sundaram Dividend Yield Fund and Zerodha Nifty 50 Index Fund overlap?
46.3%. They hold 26 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, SBIN. From each fund's latest monthly portfolio.
Can I invest in both Sundaram Dividend Yield Fund and Zerodha Nifty 50 Index Fund?
Yes. 46.3% of each fund's money sits in the same holdings, so a large part 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.