ETFEquity ETFGrowthVery High

HDFC Nifty Metal ETF

Q: What is the NAV of HDFC Nifty Metal ETF?

As of 05 Oct 2026, the NAV of HDFC Nifty Metal ETF is ₹124.96 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has HDFC Nifty Metal ETF delivered?

HDFC Nifty Metal ETF has returned +0.17% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of HDFC Nifty Metal ETF?

HDFC Nifty Metal ETF charges an expense ratio of 0.54% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of HDFC Nifty Metal ETF?

HDFC Nifty Metal ETF's largest holdings are Tata Steel Ltd. (17.9%), Hindalco Industries Ltd. (17.3%), JSW Steel Ltd. (14.4%), ADANI ENTERPRISES LIMTIED (9.7%) and Vedanta Ltd. (5.5%). Holdings are disclosed monthly and change over time.

Q: How risky is HDFC Nifty Metal ETF?

HDFC Nifty Metal ETF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 19.8% and its worst peak-to-trough fall in our sample was -8.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of HDFC Nifty Metal ETF?

HDFC Nifty Metal ETF is benchmarked against the Nifty Metal Index (TRI). Its alpha and beta on this page are measured against that index.

Q: Who manages HDFC Nifty Metal ETF?

HDFC Nifty Metal ETF is managed by Arun Agarwal and Abhishek Mor at HDFC.

Q: How is HDFC Nifty Metal ETF taxed?

HDFC Nifty Metal ETF is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

HDFC Mutual Fund · Best Equity ETFs

NAV

₹124.96

+0.34% 1D

as of 05 Oct 2026

Income is retained in the fund, so it shows up as NAV rather than as a payout.

Compare SIP calculator

Performance

+0.17%absolute

52-week rangePrev NAV ₹124.54

Latest ₹124.96

Low ₹124.008th percentile of its 52-week rangeHigh ₹135.36

Scorecard

Not rated

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — this fund has no full year of NAV history yet. A rating needs at least a 1-year return to rank its performance against peers.

Performance—

Not enough Equity ETF peers to rank yet

RiskHigh

Volatility 19.8% vs 15.3% category avg

Cost—

0.5% expense (no category average yet)

Consistency—

Not enough history for a rolling 3Y view

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

No standout strengths identified.

Concerns

More volatile than its Equity ETF peers (19.8% vs 15.3%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.54%

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

13.67

Category 18.10▼4.43

Excess return per unit of total volatility (rf = 6.5%)

—

Category 0.19

Scheme Info

Definitions

Plan

Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

—

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

—

Smallest recurring SIP instalment the scheme accepts

—

Smallest one-time (lumpsum) investment the scheme accepts

₹151

Nifty Metal Index (TRI)

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

27 Jul 2026

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-6.12%

Absolute return over the last 3 months (not annualized)

—

Absolute return over the last 6 months (not annualized)

—

Absolute return since 1 Jan of this year (not annualized)

+0.17%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

—

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+0.17%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

19.80%

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-7.99%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

—

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

—

How much of the fund's movement Nifty 500 TRI explains

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

Fund's share of benchmark gains in up months (100 = matches index)

—

Fund's share of benchmark losses in down months (lower is better)

—

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Equity ETF)

Period	Fund	Category avg.	Diff
1M abs	-6.12%	-5.28%	-0.84%
3M abs	—	-4.41%	—
6M abs	—	+3.92%	—
1Y CAGR	—	-4.80%	—
3Y CAGR	—	+9.94%	—
5Y CAGR	—	+8.10%	—

Category average across peers in Equity ETF (up to 11 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹20.00K

Current value

₹19.39K

Absolute

-3.06%

XIRR

-52.49%

Value vs. invested

ValueInvested

2 monthly installments of ₹10,000 into HDFC Nifty Metal ETF, valued at the latest NAV. XIRR annualizes for each installment’s timing.

History points

Expense ratio

0.54%

Exit load

Not Applicable

P/E ratio

13.7

P/B ratio

2.9

Avg market cap

₹1,94,122Cr

P/E & P/B are portfolio-weighted harmonic means across 15 of 15 equity holdings (100% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Equity ETF

Compare all


HDFC Nifty Metal ETFThis fund HDFC · Growth	—	—	—	—	13.67	0.54%	—
UTI - Nifty Next 50 Exchange Traded Fund UTI · Direct · Growth	★★★★☆	+2.12%	+16.62%	+10.68%	17.47	—	₹2,258Cr
UTI - BSE Sensex Next 50 Exchange Traded Fund UTI · Direct · Growth	★★★★★	-0.01%	+14.68%	+12.37%	20.03	—	₹32.18Cr
UTI Nifty Midcap 150 Exchange Traded Fund UTI · Direct · Growth	★★★☆☆	+2.11%	+13.70%	—	25.56	—	₹13.48Cr
UTI Nifty Bank ETF UTI · Direct · Growth	★★☆☆☆	-1.15%	+8.03%	+8.43%	12.90	—	₹3,358Cr
UTI Nifty 50 ETF UTI · Direct · Growth	★★★☆☆	-8.38%	+6.07%	+6.01%	18.61	—	₹69,369Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap67.8%
Mid cap32.2%
Small cap0.0%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity100.00%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
ICICI Prudential Commodities Fund ICICI Prudential · Sectoral/ Thematic	33.9%	★★★★☆	1.04%	+14.09%
Kotak Nifty Commodities Index Fund Kotak Mahindra · Index Funds	28.1%	★★★☆☆	0.28%	—
DSP Natural Resources And New Energy Fund DSP · Sectoral/ Thematic	27.8% of 78% equity	★★★★☆	1.01%	+17.99%
SBI Comma Fund SBI · Sectoral/ Thematic	23.7%	★★★☆☆	1.24%	+14.61%
Baroda BNP Paribas Nifty200 Momentum 30 Index Fund Baroda BNP Paribas · Index Funds	19.0%	★★☆☆☆	1.02%	—
Mirae Asset Nifty200 Momentum 30 Plus 8-13yr G-Sec 75:25 Index Fund Mirae Asset · Hybrid Fund	18.7% of 75% equity	—	0.69%	—
UTI Nifty 200 Momentum 30 Index Fund UTI · Index Funds	18.6%	★★★☆☆	0.82%	+9.41%
Motilal Oswal Nifty 200 Momentum 30 Index Fund Motilal Oswal · Index Funds	18.6%	★★★☆☆	0.76%	+9.07%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

1 holding — 3.68% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

Welspun Corp LimitedLong-term · Stage I3.68%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-8.0%26 Aug 2026 → 01 Oct 2026
Still below that high — 36 days down, and no recovery yet.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

AMC Profile

HDFC Mutual Fund is run by HDFC Asset Management, part of the HDFC Bank group and listed on the exchanges since 2018. It has been in business since 1999, absorbed Zurich India's schemes in 2003, and is consistently among the two or three largest fund houses by assets.

Launched

09 Dec 1999

Total AUM

₹9,35,100Cr+0.8% QoQ

Avg AUM · April - June 2026

Website

hdfcfund.com

Fund Managers

AAArun AgarwalStart date not disclosed

Education

• B.Com • Chartered Accountant

Experience

Collectively over 27 years’ experience in equity, debt and derivative dealing, fund management, internal audit and treasury operations. • September 16, 2010 till Date: HDFC Asset Management Company Limited

Funds managed (43)

All schemes Arun Agarwal runs →

AMAbhishek MorStart date not disclosed

Role

Fund Manager and Dealer - Equities

Education

• CFA Level-I, • Chartered Accountant, • Bachelor Commerce • B.Com • Chartered

Experience

Collectively over 7 years experience in Equity Dealing • November 15, 2022 till Date: HDFC Asset Management Company Limited • October 04, 2017 till November 11, 2022: ICICI Asset Management Company Limited Last Position Held: Manager - Dealing Support

Funds managed (16)

All schemes Abhishek Mor runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Arun Agarwal Abhishek Mor

Top holdings

Tata Steel Ltd.Hindalco Industries Ltd.JSW Steel Ltd.ADANI ENTERPRISES LIMTIED Vedanta Ltd.Jindal Steel Limited.APL Apollo Tubes Ltd.National Aluminium Co. Ltd.WELSPUN CORP LIMITED NMDC Limited Hindustan Zinc Ltd.Steel Authority Of India Ltd.

HDFC in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

Run SIP calculator Add to compare

Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Equity ETFs

Equity ETFs track an equity index and trade on the exchange through the day, so you buy at a market price that can sit slightly above or below the fund's NAV. That is the trade-off against an index fund, which always transacts at NAV but only once a day.

Frequently asked questions

What is the NAV of HDFC Nifty Metal ETF?

As of 05 Oct 2026, the NAV of HDFC Nifty Metal ETF is ₹124.96 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has HDFC Nifty Metal ETF delivered?

HDFC Nifty Metal ETF has returned +0.17% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of HDFC Nifty Metal ETF?

HDFC Nifty Metal ETF charges an expense ratio of 0.54% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of HDFC Nifty Metal ETF?

HDFC Nifty Metal ETF's largest holdings are Tata Steel Ltd. (17.9%), Hindalco Industries Ltd. (17.3%), JSW Steel Ltd. (14.4%), ADANI ENTERPRISES LIMTIED (9.7%) and Vedanta Ltd. (5.5%). Holdings are disclosed monthly and change over time.

How risky is HDFC Nifty Metal ETF?

HDFC Nifty Metal ETF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 19.8% and its worst peak-to-trough fall in our sample was -8.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of HDFC Nifty Metal ETF?

HDFC Nifty Metal ETF is benchmarked against the Nifty Metal Index (TRI). Its alpha and beta on this page are measured against that index.

Who manages HDFC Nifty Metal ETF?

HDFC Nifty Metal ETF is managed by Arun Agarwal and Abhishek Mor at HDFC.

How is HDFC Nifty Metal ETF taxed?

HDFC Nifty Metal ETF is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.