Aditya Birla Sun Life Msci India ETF vs Mirae Asset Equity Savings Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Msci India ETF is an ETF fund and Mirae Asset Equity Savings Fund is an Equity Savings fund. Aditya Birla Sun Life Msci India ETF charges 0.22% a year and Mirae Asset Equity Savings Fund 0.73%. Their portfolios overlap 47.7%: they hold 96 of the same securities.
Aditya Birla Sun Life Msci India ETF
ETF
- Expense ratio
- 0.22%
- NAV
- ₹27.93
Mirae Asset Equity Savings Fund
Equity Savings
- Expense ratio
- 0.73%
- NAV
- ₹22.84
Which is better, Aditya Birla Sun Life Msci India ETF or Mirae Asset Equity Savings? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Aditya Birla Sun Life Msci India ETF costs less: 0.22% a year against 0.73%.
- Mirae Asset Equity Savings fell less in its worst fall since 20-02-2026: −5.0% against −12.5%.
- Aditya Birla Sun Life Msci India ETF holds more in large companies: 80.6% of the fund in large caps against 45.1%.
- Mirae Asset Equity Savings is the larger fund: ₹1,994 Cr against ₹11 Cr.
- Their portfolios overlap 47.7%: 96 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 | Aditya Birla Sun Life Msci India ETF | Mirae Asset Equity Savings Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Mirae Asset Mutual Fund |
| Category | ETF | Equity Savings |
| AUM | ₹11 Cr (30-09-2026) | ₹1,994 Cr (30-09-2026) |
| NAV | ₹27.93 | ₹22.84 (Direct) |
| Expense ratio (Direct) | Not available | 0.73% |
| Expense ratio (Regular) | Not available | 1.73% |
| Riskometer | Very High | Moderately High |
| Benchmark | MSCI India Index | Nifty Equity Savings Index |
| Launch date | 17-02-2026 | 17-12-2018 |
| Minimum investment | For Subscription / Redemption of units directly with Mutual Fund: Subscription / Redemption facility directly with the Mutual Fund would be restricted to Market Makers and Large Investors. Units of the Scheme may be subscribed to / redeemed only in Creati | ₹5,000 |
| Lock in | None | None |
| Fund managers | Priya Sridhar, Mehul Dama | Harshad Borawake, Vrijesh Kasera, Bharti Sawant, Basant Bafna |
| Exit load | NIL | Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 90 Days. |
Aditya Birla Sun Life Msci India ETF vs Mirae Asset Equity Savings: 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 |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Msci India ETF | +0.29% | −5.96% | −3.50% | -- | -- | -- | -- |
| Mirae Asset Equity Savings Fund (Direct) | +0.07% | −0.57% | +1.77% | +2.60% | +9.98% | +8.69% | -- |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | +7.55% | -- |
Category average: the average of the 23 Equity Savings funds, same plan type.
Aditya Birla Sun Life Msci India ETF vs Mirae Asset Equity Savings: Year-wise Returns
| Year | Aditya Birla Sun Life Msci India ETFAditya Birla Sun Life Msci India ETF | Mirae Asset Equity SavingsMirae Asset Equity Savings |
|---|---|---|
| 2026to date | -- | +1.45% |
| 2025 | -- | +9.77% |
| 2024 | -- | +12.51% |
| 2023 | -- | +15.09% |
| 2022 | -- | +4.73% |
| 2021 | -- | +16.90% |
Aditya Birla Sun Life Msci India ETF vs Mirae Asset Equity Savings: Rolling Returns
Every holding period of both funds
Aditya Birla Sun Life Msci India ETF vs Mirae Asset Equity Savings: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life Msci India ETF | Mirae Asset Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.53% | +11.02% |
| Standard deviation | 15.37% | 7.23% |
| Sharpe ratio | -1.03 | 0.80 |
| Sortino ratio | -1.35 | 1.08 |
| Maximum drawdown | −12.5% (31-03-2026) | −18.2% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 20-02-2026 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.
Aditya Birla Sun Life Msci India ETF
Mirae Asset Equity Savings Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Msci India ETF | −12.5% | 23-02-2026 | 31-03-2026 | 03-08-2026 | 4 months | −7.9% |
| Mirae Asset Equity Savings Fund (Direct) | −5.0% | 23-02-2026 | 30-03-2026 | 17-06-2026 | 3 months | −1.6% |
From daily values since 20-02-2026, the first day every fund has.
Aditya Birla Sun Life Msci India ETF vs Mirae Asset Equity Savings: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Msci India ETF, September 2026; Mirae Asset Equity Savings Fund, September 2026
Holdings in common
- Overlap
- 47.7%
- Held by both
- 96
- Only in Aditya Birla Sun Life Msci India ETF
- 69
- Only in Mirae Asset Equity Savings
- 73
| Security | % of Aditya Birla Sun Life Msci India ETF | % of Mirae Asset Equity Savings |
|---|---|---|
| ICICI Bank Ltd. | 5.59% | 3.28% |
| HDFC Bank Ltd. | 6.44% | 3.01% |
| Bharti Airtel Ltd. | 3.93% | 2.24% |
| Reliance Industries Ltd. | 5.44% | 2.21% |
| Axis Bank Ltd. | 2.25% | 2.12% |
| State Bank of India | 1.41% | 2.07% |
| Kotak Mahindra Bank Ltd. | 1.82% | 1.28% |
| Titan Company Ltd. | 1.30% | 1.27% |
| Mahindra & Mahindra Ltd. | 2.05% | 1.27% |
| Tata Steel Ltd. | 1.10% | 1.39% |
| Bajaj Finance Ltd. | 1.91% | 1.02% |
| Larsen & Toubro Ltd. | 2.02% | 0.98% |
| Shriram Finance Ltd. | 1.11% | 0.89% |
| Sun Pharmaceutical Industries Ltd. | 1.30% | 0.86% |
| Maruti Suzuki India Ltd. | 1.13% | 0.86% |
| Adani Ports and Special Economic Zone Ltd. | 0.83% | 1.07% |
| Eternal Ltd. | 1.22% | 0.81% |
| Eicher Motors Ltd. | 0.78% | 1.06% |
| TVS Motor Company Ltd. | 0.78% | 0.75% |
| Hindustan Aeronautics Ltd. | 0.62% | 0.76% |
| SBI Life Insurance Co. Ltd. | 0.61% | 1.06% |
| Laurus Labs Ltd. | 0.55% | 0.87% |
| Infosys Ltd. | 2.41% | 0.55% |
| Divi's Laboratories Ltd. | 0.88% | 0.55% |
| NTPC Ltd. | 1.12% | 0.54% |
| Hindalco Industries Ltd. | 0.97% | 0.53% |
| Tata Consultancy Services Ltd. | 1.33% | 0.51% |
| Avenue Supermarts Ltd. | 0.44% | 0.48% |
| Varun Beverages Ltd. | 0.44% | 0.54% |
| Tata Power Company Ltd. | 0.43% | 0.72% |
| Oil & Natural Gas Corporation Ltd. | 0.46% | 0.42% |
| Hero MotoCorp Ltd. | 0.50% | 0.42% |
| Tata Motors Passenger Vehicles Ltd. | 0.42% | 0.54% |
| HDFC Life Insurance Company Ltd. | 0.41% | 0.43% |
| Bharat Electronics Ltd. | 1.07% | 0.40% |
| The Federal Bank Ltd. | 0.46% | 0.40% |
| Adani Enterprises Ltd. | 0.59% | 0.38% |
| Jio Financial Services Ltd. | 0.46% | 0.35% |
| Aurobindo Pharma Ltd. | 0.35% | 0.57% |
| Nestle India Ltd. | 0.60% | 0.34% |
| Ashok Leyland Ltd. | 0.34% | 0.51% |
| Multi Commodity Exchange of India Ltd. | 0.33% | 0.67% |
| ITC Ltd. | 0.63% | 0.33% |
| Dr. Reddy's Laboratories Ltd. | 0.49% | 0.32% |
| Jindal Steel Ltd. | 0.32% | 0.58% |
| GAIL (India) Ltd. | 0.31% | 0.53% |
| FSN E-Commerce Ventures Ltd. | 0.31% | 0.68% |
| Torrent Pharmaceuticals Ltd. | 0.55% | 0.31% |
| Bharat Petroleum Corporation Ltd. | 0.39% | 0.30% |
| Ultratech Cement Ltd. | 0.90% | 0.30% |
| Vedanta Aluminium Metal Ltd. | 0.45% | 0.30% |
| Coal India Ltd. | 0.52% | 0.29% |
| Bharat Heavy Electricals Ltd. | 0.40% | 0.28% |
| IDFC First Bank Ltd. | 0.27% | 0.30% |
| Apollo Hospitals Enterprise Ltd. | 0.65% | 0.26% |
| Godrej Consumer Products Ltd. | 0.26% | 0.25% |
| Yes Bank Ltd. | 0.25% | 0.29% |
| JSW Steel Ltd. | 0.61% | 0.25% |
| Bajaj Finserv Ltd. | 0.53% | 0.24% |
| Tech Mahindra Ltd. | 0.66% | 0.24% |
| The Phoenix Mills Ltd. | 0.29% | 0.23% |
| DLF Ltd. | 0.33% | 0.23% |
| Aditya Birla Capital Ltd. | 0.23% | 0.63% |
| National Aluminium Company Ltd. | 0.22% | 0.29% |
| Hitachi Energy India Ltd. | 0.29% | 0.21% |
| Hindustan Unilever Ltd. | 1.06% | 0.21% |
| Power Finance Corporation Ltd. | 0.34% | 0.21% |
| IndusInd Bank Ltd. | 0.41% | 0.21% |
| Mphasis Ltd. | 0.20% | 0.44% |
| Bank of Baroda | 0.19% | 0.34% |
| Vishal Mega Mart Ltd. | 0.19% | 0.25% |
| BSE Ltd. | 0.49% | 0.19% |
| HDFC Asset Management Co. Ltd. | 0.35% | 0.18% |
| Ambuja Cements Ltd. | 0.18% | 0.59% |
| JSW Energy Ltd. | 0.18% | 0.65% |
| Bharat Forge Ltd. | 0.37% | 0.17% |
| Canara Bank | 0.17% | 0.25% |
| Zydus Lifesciences Ltd. | 0.17% | 0.20% |
| Siemens Energy India Ltd. | 0.21% | 0.17% |
| Supreme Industries Ltd. | 0.17% | 0.16% |
| AU Small Finance Bank Ltd. | 0.45% | 0.16% |
| Interglobe Aviation Ltd. | 0.75% | 0.15% |
| Asian Paints Ltd. | 0.73% | 0.14% |
| Godrej Properties Ltd. | 0.18% | 0.10% |
| Indus Towers Ltd. | 0.37% | 0.10% |
| Muthoot Finance Ltd. | 0.24% | 0.09% |
| Lupin Ltd. | 0.37% | 0.08% |
| Punjab National Bank | 0.21% | 0.08% |
| United Spirits Ltd. | 0.31% | 0.08% |
| Fortis Healthcare Ltd. | 0.30% | 0.07% |
| Dabur India Ltd. | 0.13% | 0.07% |
| Indian Oil Corporation Ltd. | 0.30% | 0.07% |
| UPL Ltd. | 0.22% | 0.06% |
| Pidilite Industries Ltd. | 0.33% | 0.05% |
| One 97 Communications Ltd. | 0.51% | 0.03% |
| Indian Bank | 0.17% | 0.02% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 47.7% means 47.7% 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 Aditya Birla Sun Life Msci India ETF
| Security | % of fund |
|---|---|
| Power Grid Corporation of India Ltd. | 0.87% |
| HCL Technologies Ltd. | 0.86% |
| Grasim Industries Ltd. | 0.66% |
| Tata Motors Ltd. | 0.62% |
| Bajaj Auto Ltd. | 0.58% |
Largest holdings only in Mirae Asset Equity Savings Fund
| Security | % of fund |
|---|---|
| 8.65% Muthoot Finance Ltd. (MD 31/01/2028) | 2.50% |
| 7.88% Muthoot Finance Ltd. (MD 22/11/2028) | 2.46% |
| 7.47% Reliance Industries Ltd. (MD 16/09/2031) | 2.44% |
| 7.45% Torrent Pharmaceuticals Ltd. (MD 19/01/2028) | 1.99% |
| 6.79% Government of India (MD 07/10/2034) | 1.32% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Msci India ETF | Mirae Asset Equity Savings |
|---|---|---|
| Equity | 99.8% | 64.9% |
| Debt | 0.0% | 29.7% |
| Cash and others | 0.2% | 5.5% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Msci India ETF | Mirae Asset Equity Savings |
|---|---|---|
| Large Cap | 80.6% | 45.1% |
| Mid Cap | 19.2% | 11.7% |
| Small Cap | 0.0% | 6.4% |
| Not on AMFI's list | 0.0% | 1.6% |
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 | Aditya Birla Sun Life Msci India ETF | Mirae Asset Equity Savings |
|---|---|---|
| Banks | 20.3% | 13.9% |
| IT - Software | 6.6% | 2.0% |
| Petroleum Products | 6.4% | 2.6% |
| Finance | 6.3% | 3.4% |
| Automobiles | 6.2% | 4.9% |
| Pharmaceuticals & Biotechnology | 5.6% | 5.2% |
| Consumer Durables | 2.8% | 3.0% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Msci India ETF vs Mirae Asset Equity Savings: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Msci India ETF | Mirae Asset Equity Savings Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.73% |
| Base expense ratio (Direct) | 0.00% | 0.31% |
| Total expense ratio (Regular) | Not available | 1.73% |
| Base expense ratio (Regular) | 0.16% | 1.16% |
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
Aditya Birla Sun Life Msci India ETF vs Mirae Asset Equity Savings Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Msci India ETF and Mirae Asset Equity Savings Fund?
Aditya Birla Sun Life Msci India ETF is an ETF fund, Mirae Asset Equity Savings Fund is an Equity Savings fund, run by Aditya Birla Sun Life Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 47.7%. Aditya Birla Sun Life Msci India ETF charges 0.22% a year and Mirae Asset Equity Savings Fund 0.73%.
Which has the lower expense ratio, Aditya Birla Sun Life Msci India ETF or Mirae Asset Equity Savings Fund?
Aditya Birla Sun Life Msci India ETF charges less: 0.22% a year against 0.73%. These are the total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Msci India ETF and Mirae Asset Equity Savings Fund overlap?
47.7%. They hold 96 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Msci India ETF or Mirae Asset Equity Savings Fund?
On SEBI's riskometer, Aditya Birla Sun Life Msci India ETF is rated Very High and Mirae Asset Equity Savings Fund Moderately High. Over their common history, the standard deviation of daily returns was 15.37% and 7.23% a year.
Can I invest in both Aditya Birla Sun Life Msci India ETF and Mirae Asset Equity Savings Fund?
Yes. 47.7% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Aditya Birla Sun Life Msci India ETF and Mirae Asset Equity Savings Fund?
Aditya Birla Sun Life Msci India ETF: Priya Sridhar, Mehul Dama. Mirae Asset Equity Savings Fund: Harshad Borawake, Vrijesh Kasera, Bharti Sawant, Basant Bafna.
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.