Sundaram Equity Savings Fund vs Zerodha Nifty 50 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Sundaram Equity Savings Fund is an Equity Savings fund and Zerodha Nifty 50 Index Fund is an Index fund. In the year to 30-10-2026, Sundaram Equity Savings Fund (Direct) returned −1.6% and Zerodha Nifty 50 Index Fund (Direct) returned −10.3%. Sundaram Equity Savings Fund charges 1.35% a year and Zerodha Nifty 50 Index Fund 0.28% (Direct plans). Their portfolios overlap 50.0%: they hold 21 of the same securities.
Sundaram Equity Savings Fund
Equity Savings
- 1 year return
- −1.6%
- Expense ratio
- 1.35%
- NAV
- ₹82.49
Zerodha Nifty 50 Index Fund
Index
- 1 year return
- −10.3%
- Expense ratio
- 0.28%
- NAV
- ₹9.24
Which is better, Sundaram Equity Savings 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 Equity Savings returned more over 1 year: −1.6% against −10.3%.
- Zerodha Nifty 50 Index costs less: 0.28% a year against 1.35% (Direct plans).
- Sundaram Equity Savings fell less in its worst fall since 17-10-2025: −6.2% against −15.2%.
- Zerodha Nifty 50 Index holds more in large companies: 99.2% of the fund in large caps against 60.8%.
- Sundaram Equity Savings is the larger fund: ₹943 Cr against ₹75 Cr.
- Their portfolios overlap 50.0%: 21 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 Equity Savings Fund | Zerodha Nifty 50 Index Fund |
|---|---|---|
| Fund house | Sundaram Mutual Fund | Zerodha Mutual Fund |
| Category | Equity Savings | Index |
| AUM | ₹943 Cr (30-09-2026) | ₹75 Cr (30-09-2026) |
| NAV | ₹82.49 (Direct) | ₹9.24 (Direct) |
| Expense ratio (Direct) | 1.35% | 0.28% |
| Expense ratio (Regular) | 2.79% | Not available |
| Riskometer | Not available | Very High |
| Benchmark | Nifty Equity Savings Index | Nifty 50 TRI |
| Launch date | 01-05-2002 | 14-10-2025 |
| Minimum investment | New Investor/Existing – Rs.100/- for Quarterly IDCW, halfyearly IDCW and Growth Option. | ₹100 |
| Lock in | None | None |
| Fund managers | Clyton Richard Fernandes, Rohit Seksaria, Kumaresh Ramakrishnan | Kedarnath Mirajkar |
| Exit load | 0.5% - For redemption, withdrawn by way of SWP or transfer by way of Switch/STP within 07 days from the date of allotment. NIL - For redemption or withdrawn by way of SWP or transfer by way of Switch/STP after 07 days from the date of allotment. | Nil |
Sundaram Equity Savings 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 Equity Savings Fund (Direct) | −0.13% | −1.66% | +0.06% | −1.58% | +8.79% | -- | -- |
| Zerodha Nifty 50 Index Fund (Direct) | +1.95% | −5.00% | −3.12% | −10.25% | -- | -- | -- |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | -- | -- |
Category average: the average of the 23 Equity Savings funds, same plan type.
Sundaram Equity Savings vs Zerodha Nifty 50 Index: Year-wise Returns
| Year | Sundaram Equity SavingsSundaram Equity Savings | Zerodha Nifty 50 IndexZerodha Nifty 50 Index |
|---|---|---|
| 2026to date | −2.07% | −11.01% |
| 2025 | +8.01% | -- |
| 2024 | +14.49% | -- |
| 2023 | +17.33% | -- |
Sundaram Equity Savings vs Zerodha Nifty 50 Index: Rolling Returns
Every holding period of both funds, against Nifty 50 TRI, the benchmark of Zerodha Nifty 50 Index Fund
Sundaram Equity Savings 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 Equity SavingsSundaram Equity Savings Fund (Direct) | ₹1,30,000 | ₹1,29,053 | −₹947 | −1.3% |
| Zerodha Nifty 50 IndexZerodha Nifty 50 Index Fund (Direct) | ₹1,30,000 | ₹1,23,091 | −₹6,909 | −9.1% |
Sundaram Equity SavingsSundaram Equity Savings 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 Equity Savings 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 Equity Savings Fund (Direct) | Zerodha Nifty 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −1.58% | −10.25% |
| Standard deviation | 6.00% | 13.60% |
| Sharpe ratio | -1.14 | -1.14 |
| Sortino ratio | -1.50 | -1.52 |
| Maximum drawdown | −6.2% (30-03-2026) | −15.2% (30-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −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 Equity Savings Fund (Direct) | Zerodha Nifty 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.70% | −9.31% |
| Standard deviation | 5.70% | 13.43% |
| Sharpe ratio | 0.49 | -1.08 |
| Sortino ratio | 0.67 | -1.45 |
| Maximum drawdown | −6.2% (30-03-2026) | −15.2% (30-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −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 Equity Savings Fund (Direct)
Zerodha Nifty 50 Index Fund (Direct)
Nifty 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Sundaram Equity Savings Fund (Direct) | −6.2% | 02-01-2026 | 30-03-2026 | 03-08-2026 | 4 months | −3.0% |
| Zerodha Nifty 50 Index Fund (Direct) | −15.2% | 02-01-2026 | 30-03-2026 | Not yet | -- | −11.7% |
| Nifty 50 TRI | −15.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −11.6% |
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 Equity Savings Fund (Direct)
Zerodha Nifty 50 Index Fund (Direct)
Nifty 50 TRI
Against Nifty 50 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Sundaram Equity Savings Fund (Direct) | 48% | 35% | 9.23% |
| Zerodha Nifty 50 Index Fund (Direct) | 99% | 100% | 0.15% |
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 Equity Savings vs Zerodha Nifty 50 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Sundaram Equity Savings Fund, September 2026; Zerodha Nifty 50 Index Fund, September 2026
Holdings in common
- Overlap
- 50.0%
- Held by both
- 21
- Only in Sundaram Equity Savings
- 49
- Only in Zerodha Nifty 50 Index
- 29
| Security | % of Sundaram Equity Savings | % of Zerodha Nifty 50 Index |
|---|---|---|
| ICICI Bank Ltd | 7.53% | 9.10% |
| Reliance Industries Ltd | 7.36% | 7.63% |
| HDFC Bank Ltd | 5.52% | 10.44% |
| Bharti Airtel Ltd | 9.29% | 5.13% |
| Larsen & Toubro Ltd | 3.59% | 4.23% |
| Axis Bank Ltd | 4.87% | 3.39% |
| Kotak Mahindra Bank Ltd | 3.14% | 2.95% |
| State Bank of India | 2.44% | 3.81% |
| Mahindra & Mahindra Ltd | 2.00% | 2.53% |
| Eternal Ltd (Previously Zomato Ltd) | 1.86% | 2.23% |
| Bajaj Finance Ltd | 1.34% | 2.52% |
| Hindalco Industries Ltd | 1.98% | 1.31% |
| JSW Steel Ltd | 1.18% | 1.16% |
| Bajaj Finserv Ltd | 0.93% | 0.97% |
| NTPC LTD | 0.88% | 1.47% |
| Sun Pharmaceutical Industries Ltd | 0.61% | 1.85% |
| SBI Life Insurance Company Ltd | 0.59% | 0.73% |
| Ultratech Cement Ltd | 0.49% | 1.25% |
| Interglobe Aviation Ltd | 0.47% | 1.08% |
| Bajaj Auto Ltd | 0.39% | 1.14% |
| Maruti Suzuki India Ltd | 0.01% | 1.49% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 50.0% means 50.0% 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 Sundaram Equity Savings Fund
| Security | % of fund |
|---|---|
| LIC Housing Finance Ltd - 6.65% - 15/02/2027 | 2.64% |
| 6.48% Central Government Securities 06/10/2035 | 2.53% |
| Altius Telecom Infrastructure Trust | 1.66% |
| 7.37% Government Securities-23/10/2028 | 1.62% |
| 7.23% Central Government Securities 15/04/2039 | 1.59% |
Largest holdings only in Zerodha Nifty 50 Index Fund
| Security | % of fund |
|---|---|
| Infosys Limited | 3.37% |
| ITC Limited | 2.43% |
| Tata Consultancy Services Limited | 2.01% |
| Titan Company Limited | 1.82% |
| Hindustan Unilever Limited | 1.60% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Sundaram Equity Savings | Zerodha Nifty 50 Index |
|---|---|---|
| Equity | 77.7% | 100.6% |
| Debt | 13.1% | 0.0% |
| Cash and others | 9.2% | -0.6% |
Market cap of stocks
| Market cap | Sundaram Equity Savings | Zerodha Nifty 50 Index |
|---|---|---|
| Large Cap | 60.8% | 99.2% |
| Mid Cap | 8.8% | 1.4% |
| Small Cap | 7.2% | 0.0% |
| Not on AMFI's list | 0.9% | 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 Equity Savings | Zerodha Nifty 50 Index |
|---|---|---|
| Banks | 23.5% | 29.7% |
| Telecom - Services | 9.3% | 5.1% |
| Petroleum Products | 7.4% | 7.6% |
| IT - Software | 0.0% | 7.6% |
| Automobiles | 4.1% | 6.7% |
| Finance | 4.7% | 5.5% |
| Construction | 3.6% | 4.2% |
The six largest sectors of each fund's stocks, % of the fund.
Sundaram Equity Savings vs Zerodha Nifty 50 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Sundaram Equity Savings Fund | Zerodha Nifty 50 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.35% | 0.28% |
| Base expense ratio (Direct) | 0.70% | 0.10% |
| Total expense ratio (Regular) | 2.79% | Not available |
| Base expense ratio (Regular) | 1.96% | 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 Equity Savings Fund vs Zerodha Nifty 50 Index Fund: Frequently Asked Questions
What is the difference between Sundaram Equity Savings Fund and Zerodha Nifty 50 Index Fund?
Sundaram Equity Savings Fund is an Equity Savings fund, Zerodha Nifty 50 Index Fund is an Index fund, run by Sundaram Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 50.0%. Sundaram Equity Savings Fund charges 1.35% a year and Zerodha Nifty 50 Index Fund 0.28%.
Which has given higher returns, Sundaram Equity Savings Fund or Zerodha Nifty 50 Index Fund?
Over 1 year: Sundaram Equity Savings Fund −1.58%, 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 Equity Savings Fund or Zerodha Nifty 50 Index Fund?
Zerodha Nifty 50 Index Fund charges less: 0.28% a year against 1.35%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Sundaram Equity Savings Fund and Zerodha Nifty 50 Index Fund overlap?
50.0%. They hold 21 of the same securities, the largest shared ones being ICICIBANK, RELIANCE, HDFCBANK. From each fund's latest monthly portfolio.
Can I invest in both Sundaram Equity Savings Fund and Zerodha Nifty 50 Index Fund?
Yes. 50.0% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Sundaram Equity Savings Fund and Zerodha Nifty 50 Index Fund?
Sundaram Equity Savings Fund: Clyton Richard Fernandes, Rohit Seksaria, Kumaresh Ramakrishnan. Zerodha Nifty 50 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.