HDFC NIFTY PSU BANK ETF vs Nippon India ETF Nifty PSU Bank BeES
HDFC NIFTY PSU BANK ETF and Nippon India ETF Nifty PSU Bank BeES are both Nifty PSU Bank Index Funds & ETFs. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR — vs +20.09%, 5-year CAGR — vs +24.75%, volatility 22.95% vs 23.83%, maximum drawdown −29.67% vs −73.23%. Their portfolios overlap by 100% (12 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| HDFC NIFTY PSU BANK ETF | Nippon India ETF Nifty PSU Bank BeES | |
|---|---|---|
| Fund house | HDFC Mutual Fund | Nippon India Mutual Fund |
| Compared as | Nifty PSU Bank Index Funds & ETFs | Nifty PSU Bank Index Funds & ETFs |
| NAV | ₹87.1270 | ₹96.1478 |
| NAV date | 6 Nov 2026 | 6 Nov 2026 |
| Launched (first NAV) | 31 Jan 2024 | 7 Nov 2016 |
| Track record | 2.8 yrs | 10.0 yrs |
| Fund size (AUM) | ₹55 Cr | ₹3,932 Cr |
| Securities held | 12 | 12 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| HDFC NIFTY PSU BANK ETF | Nippon India ETF Nifty PSU Bank BeES | |
|---|---|---|
| 1 month | +6.46% | +6.44% |
| 3 months | −2.03% | −2.09% |
| 6 months | +3.35% | +3.26% |
| 1 year | +4.40% | +4.23% |
| 3 years (CAGR) | — | +20.09% |
| 5 years (CAGR) | — | +24.75% |
| 7 years (CAGR) | — | +19.66% |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +12.60% | +11.05% |
| SIP return (XIRR, 5 years) ⓘ | — | +23.14% |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| HDFC NIFTY PSU BANK ETF | Nippon India ETF Nifty PSU Bank BeES | |
|---|---|---|
| 2026 (year to date) | +1.36% | +1.22% |
| 2025 | +30.78% | +30.56% |
| 2024 | — | +14.78% |
| 2023 | — | +32.46% |
| 2022 | — | +73.53% |
| 2021 | — | +43.64% |
Risk
| HDFC NIFTY PSU BANK ETF | Nippon India ETF Nifty PSU Bank BeES | |
|---|---|---|
| Volatility (annualised) ⓘ | 22.95% | 23.83% |
| Downside volatility ⓘ | 16.20% | 15.76% |
| Sharpe ratio ⓘ | 0.27 | 0.57 |
| Sortino ratio ⓘ | 0.38 | 0.86 |
| Maximum drawdown ⓘ | −29.67% | −73.23% |
| Recovery from that fall | 8 months | 30 months |
| Current fall from peak | −12.46% | −12.55% |
| Rolling 1-year return: worst | −20.38% | −67.53% |
| Rolling 1-year return: median | +16.18% | +17.90% |
| Rolling 1-year return: best | +71.07% | +126.32% |
| Share of 1-year periods with a loss | 31.28% | 36.09% |
Against each fund's benchmark
| HDFC NIFTY PSU BANK ETF | Nippon India ETF Nifty PSU Bank BeES | |
|---|---|---|
| Beta ⓘ | 1.13 | 1.12 |
| Alpha (Jensen's, annualised) ⓘ | +8.81% | +10.65% |
| R² ⓘ | 48.43 | 48.47 |
| Upside capture | 139.16% | 144.05% |
| Downside capture | 97.22% | 97.63% |
| Tracking error | 16.77% | 17.15% |
| Information ratio | 0.44 | 0.61 |
| Treynor ratio | 3.86 | 11.05 |
Portfolio
Asset mix
| HDFC NIFTY PSU BANK ETF | Nippon India ETF Nifty PSU Bank BeES | |
|---|---|---|
| Equity | 100.01% | 99.95% |
| Cash & equivalents | -0.01% | 0.05% |
Market-cap split (share of fund assets)
| HDFC NIFTY PSU BANK ETF | Nippon India ETF Nifty PSU Bank BeES | |
|---|---|---|
| Large Cap | 86.82% | 86.76% |
| Mid Cap | 11.40% | 11.40% |
| Small Cap | 1.79% | 1.79% |
| Unclassified | 0.00% | 0.00% |
Concentration
| HDFC NIFTY PSU BANK ETF | Nippon India ETF Nifty PSU Bank BeES | |
|---|---|---|
| Top 10 holdings | 98.97% | 98.91% |
| Effective number of stocks ⓘ | 5.7 | 5.7 |
| Securities held | 12 | 12 |
Portfolio overlap: 100%
12 companies are held by both funds; by weight, 100% of the two portfolios is the same. That is a high overlap: holding both adds little diversification beyond holding one.
| Held by both | HDFC NIFTY PSU BANK ETF | Nippon India ETF Nifty PSU Bank BeES |
|---|---|---|
| State Bank of India | 33.33% | 33.31% |
| Bank of Baroda | 12.47% | 12.47% |
| Canara Bank | 11.71% | 11.70% |
| Punjab National Bank | 11.36% | 11.35% |
| Union Bank of India | 9.64% | 9.63% |
| Indian Bank | 8.31% | 8.30% |
| Bank of Maharashtra | 4.71% | 4.71% |
| Bank of India | 4.60% | 4.60% |
| Central Bank of India | 1.52% | 1.52% |
| Indian Overseas Bank | 1.32% | 1.32% |
| UCO Bank | 0.77% | 0.77% |
| Punjab & Sind Bank | 0.27% | 0.27% |
Top 10 holdings
HDFC NIFTY PSU BANK ETF
- State Bank of India33.33%
- Bank of Baroda12.47%
- Canara Bank11.71%
- Punjab National Bank11.36%
- Union Bank of India9.64%
- Indian Bank8.31%
- Bank of Maharashtra4.71%
- Bank of India4.60%
- Central Bank of India1.52%
- Indian Overseas Bank1.32%
Nippon India ETF Nifty PSU Bank BeES
- State Bank of India33.31%
- Bank of Baroda12.47%
- Canara Bank11.70%
- Punjab National Bank11.35%
- Union Bank of India9.63%
- Indian Bank8.30%
- Bank of Maharashtra4.71%
- Bank of India4.60%
- Central Bank of India1.52%
- Indian Overseas Bank1.32%
Sector exposure
| HDFC NIFTY PSU BANK ETF | Nippon India ETF Nifty PSU Bank BeES | |
|---|---|---|
| Banks | 100.01% | 99.95% |
Questions people ask
What is the difference between HDFC NIFTY PSU BANK ETF and Nippon India ETF Nifty PSU Bank BeES returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return +4.40% vs +4.23%; 3-year CAGR — vs +20.09%; 5-year CAGR — vs +24.75%; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do HDFC NIFTY PSU BANK ETF and Nippon India ETF Nifty PSU Bank BeES compare on risk?
Volatility (36 monthly returns, annualised) 22.95% vs 23.83%; Sharpe ratio 0.27 vs 0.57; Sortino ratio 0.38 vs 0.86; maximum drawdown −29.67% vs −73.23%; beta 1.13 vs 1.12.
How much do HDFC NIFTY PSU BANK ETF and Nippon India ETF Nifty PSU Bank BeES overlap?
By weight, 100% of the two portfolios is invested in the same companies; 12 stocks are held by both, the largest shared positions being State Bank of India, Bank of Baroda, Canara Bank. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of HDFC NIFTY PSU BANK ETF and Nippon India ETF Nifty PSU Bank BeES?
HDFC NIFTY PSU BANK ETF: large cap 86.8%, mid cap 11.4%, small cap 1.8%. Nippon India ETF Nifty PSU Bank BeES: large cap 86.8%, mid cap 11.4%, small cap 1.8% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 6 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.