UTI BSE Sensex ETF vs Zerodha BSE SENSEX Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
UTI BSE Sensex ETF is an ETF fund and Zerodha BSE SENSEX Index Fund is an Index fund. Their portfolios overlap 100.0%: they hold 30 of the same securities.
Which is better, UTI BSE Sensex ETF or Zerodha BSE SENSEX Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- UTI BSE Sensex ETF fell less in its worst fall since 10-11-2025: −16.1% against −16.1%.
- UTI BSE Sensex ETF is the larger fund: ₹54,461 Cr against ₹19 Cr.
- Their portfolios overlap 100.0%: 30 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 | UTI BSE Sensex ETF | Zerodha BSE SENSEX Index Fund |
|---|---|---|
| Fund house | UTI Mutual Fund | Zerodha Mutual Fund |
| Category | ETF | Index |
| AUM | ₹54,461 Cr (30-09-2026) | ₹19 Cr (30-09-2026) |
| NAV | ₹826.16 (Direct) | ₹8.99 (Direct) |
| Expense ratio (Direct) | 0.00% | 0.47% |
| Expense ratio (Regular) | Not available | Not available |
| Riskometer | Very High | Very High |
| Benchmark | BSE SENSEX TRI | BSE SENSEX TRI |
| Launch date | 01-09-2015 | 06-11-2025 |
| Minimum investment | On Exchange: Minimum 1 unit from the exchange.Directly with AMC: In multiples of unit creation size | ₹100 |
| Lock in | None | None |
| Fund managers | Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3 | Kedarnath Mirajkar |
| Exit load | Not available | Nil |
UTI BSE Sensex ETF vs Zerodha BSE SENSEX 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 |
|---|---|---|---|---|---|---|---|
| UTI BSE Sensex ETF (Direct) | +2.77% | −4.29% | −2.41% | −10.95% | +6.25% | +5.85% | +11.27% |
| Zerodha BSE SENSEX Index Fund (Direct) | +2.75% | −4.37% | −2.58% | -- | -- | -- | -- |
UTI BSE Sensex ETF vs Zerodha BSE SENSEX Index: Year-wise Returns
| Year | UTI BSE Sensex ETFUTI BSE Sensex ETF | Zerodha BSE SENSEX IndexZerodha BSE SENSEX Index | BSE SENSEX TRI |
|---|---|---|---|
| 2026to date | −11.85% | −12.06% | −11.81% |
| 2025 | +10.33% | -- | +10.38% |
| 2024 | +9.38% | -- | +9.49% |
| 2023 | +20.27% | -- | +20.33% |
| 2022 | +5.73% | -- | +5.80% |
| 2021 | +20.00% | -- | +23.23% |
UTI BSE Sensex ETF vs Zerodha BSE SENSEX Index: Rolling Returns
Every holding period of both funds, against BSE SENSEX TRI, the benchmark of both
UTI BSE Sensex ETF vs Zerodha BSE SENSEX Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | UTI BSE Sensex ETF (Direct) | Zerodha BSE SENSEX Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.12% | −10.70% |
| Standard deviation | 15.97% | 14.00% |
| Sharpe ratio | 0.35 | -1.14 |
| Sortino ratio | 0.48 | -1.53 |
| Maximum drawdown | −37.9% (23-03-2020) | −16.1% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.30% | −0.40% |
From daily NAVs, 02-09-2015 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.
UTI BSE Sensex ETF (Direct)
Zerodha BSE SENSEX Index Fund (Direct)
BSE SENSEX TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| UTI BSE Sensex ETF (Direct) | −16.1% | 02-01-2026 | 31-03-2026 | Not yet | -- | −12.4% |
| Zerodha BSE SENSEX Index Fund (Direct) | −16.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −12.6% |
| BSE SENSEX TRI | −16.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −12.4% |
From daily values since 10-11-2025, the first day every fund has.
UTI BSE Sensex ETF vs Zerodha BSE SENSEX Index: Portfolio Overlap
From each fund's latest monthly portfolio: UTI BSE Sensex ETF, September 2026; Zerodha BSE SENSEX Index Fund, September 2026
Holdings in common
- Overlap
- 100.0%
- Held by both
- 30
- Only in UTI BSE Sensex ETF
- 0
- Only in Zerodha BSE SENSEX Index
- 0
| Security | % of UTI BSE Sensex ETF | % of Zerodha BSE SENSEX Index |
|---|---|---|
| EQ - HDFC BANK LIMITED | 12.59% | 12.59% |
| EQ - ICICI BANK LTD | 11.03% | 11.04% |
| EQ - RELIANCE INDUSTRIES LTD. | 9.15% | 9.16% |
| EQ - BHARTI AIRTEL LTD. | 6.38% | 6.39% |
| EQ - LARSEN & TOUBRO LTD. | 5.11% | 5.11% |
| EQ - STATE BANK OF INDIA | 4.64% | 4.64% |
| EQ - INFOSYS LTD. | 4.08% | 4.09% |
| EQ - AXIS BANK LTD. | 4.08% | 4.08% |
| EQ - KOTAK MAHINDRA BANK LTD. | 3.57% | 3.58% |
| EQ - MAHINDRA & MAHINDRA LTD. | 3.07% | 3.08% |
| EQ - BAJAJ FINANCE LTD. | 2.99% | 3.00% |
| EQ - ITC LTD. | 2.96% | 2.97% |
| EQ - ETERNAL LIMITED | 2.69% | 2.70% |
| EQ - TATA CONSULTANCY SERVICES LTD. | 2.41% | 2.42% |
| EQ - SUN PHARMACEUTICALS INDUSTRIES | 2.28% | 2.29% |
| EQ - TITAN COMPANY LTD. | 2.18% | 2.18% |
| EQ - HINDUSTAN UNILEVER LTD | 1.95% | 1.96% |
| EQ - MARUTI SUZUKI INDIA LTD. | 1.79% | 1.79% |
| EQ - NTPC LTD. | 1.78% | 1.78% |
| EQ - TATA STEEL LTD. | 1.77% | 1.77% |
| EQ - ADANI PORTS AND SPECIAL ECONO | 1.63% | 1.63% |
| EQ - BHARAT ELECTRONICS LTD. | 1.62% | 1.62% |
| EQ - HCL TECHNOLOGIES LTD. | 1.51% | 1.51% |
| EQ - ULTRATECH CEMENT LTD. | 1.50% | 1.50% |
| EQ - POWER GRID CORPORATION OF INDI | 1.38% | 1.38% |
| EQ - INTERGLOBE AVIATION LTD | 1.30% | 1.30% |
| EQ - ASIAN PAINTS (INDIA) LTD. | 1.26% | 1.26% |
| EQ - TECH MAHINDRA LTD. | 1.14% | 1.13% |
| EQ - BAJAJ FINSERV LTD. | 1.13% | 1.13% |
| EQ - TRENT LIMITED | 1.01% | 1.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 100.0% means 100.0% 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 UTI BSE Sensex ETF
Every holding of this fund is also held by the other.
Largest holdings only in Zerodha BSE SENSEX 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 | UTI BSE Sensex ETF | Zerodha BSE SENSEX Index |
|---|---|---|
| Equity | 100.0% | 100.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | -0.1% |
Market cap of stocks
| Market cap | UTI BSE Sensex ETF | Zerodha BSE SENSEX Index |
|---|---|---|
| Large Cap | 100.0% | 100.1% |
| Mid Cap | 0.0% | 0.0% |
| Small Cap | 0.0% | 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 | UTI BSE Sensex ETF | Zerodha BSE SENSEX Index |
|---|---|---|
| Banks | 35.9% | 35.9% |
| Petroleum Products | 9.2% | 9.2% |
| IT - Software | 9.1% | 9.2% |
| Telecom - Services | 6.4% | 6.4% |
| Construction | 5.1% | 5.1% |
| Diversified FMCG | 4.9% | 4.9% |
The six largest sectors of each fund's stocks, % of the fund.
UTI BSE Sensex ETF vs Zerodha BSE SENSEX Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | UTI BSE Sensex ETF | Zerodha BSE SENSEX Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.00% | 0.47% |
| Base expense ratio (Direct) | 0.00% | 0.29% |
| Base expense ratio (Regular) | 0.04% | 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.
UTI BSE Sensex ETF vs Zerodha BSE SENSEX Index Fund: Frequently Asked Questions
What is the difference between UTI BSE Sensex ETF and Zerodha BSE SENSEX Index Fund?
UTI BSE Sensex ETF is an ETF fund, Zerodha BSE SENSEX Index Fund is an Index fund, run by UTI Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 100.0%.
How much do UTI BSE Sensex ETF and Zerodha BSE SENSEX Index Fund overlap?
100.0%. They hold 30 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, UTI BSE Sensex ETF or Zerodha BSE SENSEX Index Fund?
On SEBI's riskometer, UTI BSE Sensex ETF is rated Very High and Zerodha BSE SENSEX Index Fund Very High. Over their common history, the standard deviation of daily returns was 15.97% and 14.00% a year.
Can I invest in both UTI BSE Sensex ETF and Zerodha BSE SENSEX Index Fund?
Yes. 100.0% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages UTI BSE Sensex ETF and Zerodha BSE SENSEX Index Fund?
UTI BSE Sensex ETF: Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3. Zerodha BSE SENSEX 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.