Aditya Birla Sun Life Msci India ETF vs Mirae Asset Flexi Cap 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 Flexi Cap Fund is a Flexi Cap fund. Aditya Birla Sun Life Msci India ETF charges 0.22% a year and Mirae Asset Flexi Cap Fund 0.74%. Their portfolios overlap 48.8%: they hold 53 of the same securities.
Aditya Birla Sun Life Msci India ETF
ETF
- Expense ratio
- 0.22%
- NAV
- ₹27.93
Which is better, Aditya Birla Sun Life Msci India ETF or Mirae Asset Flexi Cap? 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 0.74%.
- Mirae Asset Flexi Cap fell less in its worst fall since 20-02-2026: −11.9% against −12.5%.
- Aditya Birla Sun Life Msci India ETF holds more in large companies: 80.6% of the fund in large caps against 61.0%.
- Mirae Asset Flexi Cap is the larger fund: ₹4,369 Cr against ₹11 Cr.
- Their portfolios overlap 48.8%: 53 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 Flexi Cap Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Mirae Asset Mutual Fund |
| Category | ETF | Flexi Cap |
| AUM | ₹11 Cr (30-09-2026) | ₹4,369 Cr (30-09-2026) |
| NAV | ₹27.93 | ₹16.38 (Direct) |
| Expense ratio (Direct) | Not available | 0.74% |
| Expense ratio (Regular) | Not available | 2.11% |
| Riskometer | Very High | Very High |
| Benchmark | MSCI India Index | Nifty 500 TRI |
| Launch date | 17-02-2026 | 24-02-2023 |
| 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 | Varun Goel |
| Exit load | NIL | Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 1 year. |
Aditya Birla Sun Life Msci India ETF vs Mirae Asset Flexi Cap: 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 Flexi Cap Fund (Direct) | −0.84% | −3.12% | −0.09% | −3.21% | +12.30% | -- | -- |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | +12.37% | -- | -- |
Category average: the average of the 46 Flexi Cap funds, same plan type.
Aditya Birla Sun Life Msci India ETF vs Mirae Asset Flexi Cap: Year-wise Returns
| Year | Aditya Birla Sun Life Msci India ETFAditya Birla Sun Life Msci India ETF | Mirae Asset Flexi CapMirae Asset Flexi Cap |
|---|---|---|
| 2026to date | -- | −4.81% |
| 2025 | -- | +10.44% |
| 2024 | -- | +19.05% |
Aditya Birla Sun Life Msci India ETF vs Mirae Asset Flexi Cap: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Mirae Asset Flexi Cap Fund
Aditya Birla Sun Life Msci India ETF vs Mirae Asset Flexi Cap: 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 Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.53% | +14.39% |
| Standard deviation | 15.37% | 13.21% |
| Sharpe ratio | -1.03 | 0.62 |
| Sortino ratio | -1.35 | 0.85 |
| Maximum drawdown | −12.5% (31-03-2026) | −16.1% (07-04-2025) |
| Beta | -- | 0.96 |
| Alpha | -- | +1.76% |
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 Flexi Cap Fund (Direct)
Nifty 500 TRI
| 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 Flexi Cap Fund (Direct) | −11.9% | 23-02-2026 | 30-03-2026 | 06-07-2026 | 3 months | −5.4% |
| Nifty 500 TRI | −12.6% | 23-02-2026 | 30-03-2026 | 06-07-2026 | 3 months | −7.9% |
From daily values since 20-02-2026, the first day every fund has.
Aditya Birla Sun Life Msci India ETF vs Mirae Asset Flexi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Msci India ETF, September 2026; Mirae Asset Flexi Cap Fund, September 2026
Holdings in common
- Overlap
- 48.8%
- Held by both
- 53
- Only in Aditya Birla Sun Life Msci India ETF
- 112
- Only in Mirae Asset Flexi Cap
- 34
| Security | % of Aditya Birla Sun Life Msci India ETF | % of Mirae Asset Flexi Cap |
|---|---|---|
| ICICI Bank Ltd. | 5.59% | 5.38% |
| HDFC Bank Ltd. | 6.44% | 5.37% |
| Reliance Industries Ltd. | 5.44% | 3.79% |
| Axis Bank Ltd. | 2.25% | 2.29% |
| Bharti Airtel Ltd. | 3.93% | 2.09% |
| Larsen & Toubro Ltd. | 2.02% | 1.95% |
| Mahindra & Mahindra Ltd. | 2.05% | 1.81% |
| Infosys Ltd. | 2.41% | 1.42% |
| State Bank of India | 1.41% | 2.44% |
| Tata Consultancy Services Ltd. | 1.33% | 1.45% |
| Eternal Ltd. | 1.22% | 1.15% |
| Bajaj Finance Ltd. | 1.91% | 1.10% |
| Titan Company Ltd. | 1.30% | 0.92% |
| Ultratech Cement Ltd. | 0.90% | 1.13% |
| Shriram Finance Ltd. | 1.11% | 0.89% |
| Divi's Laboratories Ltd. | 0.88% | 1.04% |
| Adani Ports and Special Economic Zone Ltd. | 0.83% | 1.46% |
| Maruti Suzuki India Ltd. | 1.13% | 0.82% |
| Bharat Electronics Ltd. | 1.07% | 0.80% |
| TVS Motor Company Ltd. | 0.78% | 1.28% |
| Kotak Mahindra Bank Ltd. | 1.82% | 0.72% |
| Tech Mahindra Ltd. | 0.66% | 1.20% |
| ITC Ltd. | 0.63% | 0.86% |
| Hindustan Aeronautics Ltd. | 0.62% | 0.89% |
| SBI Life Insurance Co. Ltd. | 0.61% | 1.38% |
| Sun Pharmaceutical Industries Ltd. | 1.30% | 0.59% |
| Trent Ltd. | 0.56% | 0.98% |
| Cummins India Ltd. | 0.50% | 1.01% |
| BSE Ltd. | 0.49% | 1.24% |
| The Indian Hotels Company Ltd. | 0.48% | 0.62% |
| Oil & Natural Gas Corporation Ltd. | 0.46% | 0.60% |
| Vedanta Aluminium Metal Ltd. | 0.45% | 0.82% |
| Interglobe Aviation Ltd. | 0.75% | 0.44% |
| CG Power and Industrial Solutions Ltd. | 0.43% | 1.49% |
| Britannia Industries Ltd. | 0.42% | 0.94% |
| Tata Consumer Products Ltd. | 0.41% | 0.61% |
| Bharat Petroleum Corporation Ltd. | 0.39% | 0.71% |
| Indus Towers Ltd. | 0.37% | 1.61% |
| Lupin Ltd. | 0.37% | 1.43% |
| Lenskart Solutions Ltd. | 0.36% | 1.72% |
| DLF Ltd. | 0.33% | 0.85% |
| Multi Commodity Exchange of India Ltd. | 0.33% | 1.68% |
| Jindal Steel Ltd. | 0.32% | 1.04% |
| The Phoenix Mills Ltd. | 0.29% | 1.62% |
| Vedanta Ltd. | 0.28% | 0.78% |
| SRF Ltd. | 0.26% | 0.57% |
| Sundaram Finance Ltd. | 0.22% | 0.83% |
| Mankind Pharma Ltd. | 0.21% | 1.48% |
| Billionbrains Garage Ventures Ltd. | 0.21% | 1.03% |
| JSW Energy Ltd. | 0.18% | 1.15% |
| L&T Finance Ltd. | 0.17% | 1.46% |
| Pidilite Industries Ltd. | 0.33% | 0.16% |
| Solar Industries India Ltd. | 0.36% | 0.02% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 48.8% means 48.8% 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 |
|---|---|
| NTPC Ltd. | 1.12% |
| Tata Steel Ltd. | 1.10% |
| Hindustan Unilever Ltd. | 1.06% |
| Hindalco Industries Ltd. | 0.97% |
| Power Grid Corporation of India Ltd. | 0.87% |
Largest holdings only in Mirae Asset Flexi Cap Fund
| Security | % of fund |
|---|---|
| Engineers India Ltd. | 1.51% |
| ICICI Prudential Asset Management Company Ltd. | 1.48% |
| NLC India Ltd. | 1.44% |
| Tenneco Clean Air India Ltd. | 1.31% |
| Foseco India Ltd. | 1.30% |
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 Flexi Cap |
|---|---|---|
| Equity | 99.8% | 99.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.2% | 0.3% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Msci India ETF | Mirae Asset Flexi Cap |
|---|---|---|
| Large Cap | 80.6% | 61.0% |
| Mid Cap | 19.2% | 19.2% |
| Small Cap | 0.0% | 14.5% |
| Not on AMFI's list | 0.0% | 5.0% |
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 | Aditya Birla Sun Life Msci India ETF | Mirae Asset Flexi Cap |
|---|---|---|
| Banks | 20.3% | 16.2% |
| Capital Markets | 1.4% | 7.4% |
| Pharmaceuticals & Biotechnology | 5.6% | 7.0% |
| IT - Software | 6.6% | 4.1% |
| Petroleum Products | 6.4% | 4.5% |
| Finance | 6.3% | 5.3% |
| Automobiles | 6.2% | 3.9% |
| Consumer Durables | 2.8% | 4.3% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Msci India ETF vs Mirae Asset Flexi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Msci India ETF | Mirae Asset Flexi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.74% |
| Base expense ratio (Direct) | 0.00% | 0.46% |
| Total expense ratio (Regular) | Not available | 2.11% |
| Base expense ratio (Regular) | 0.16% | 1.62% |
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 Flexi Cap Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Msci India ETF and Mirae Asset Flexi Cap Fund?
Aditya Birla Sun Life Msci India ETF is an ETF fund, Mirae Asset Flexi Cap Fund is a Flexi Cap fund, run by Aditya Birla Sun Life Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 48.8%. Aditya Birla Sun Life Msci India ETF charges 0.22% a year and Mirae Asset Flexi Cap Fund 0.74%.
Which has the lower expense ratio, Aditya Birla Sun Life Msci India ETF or Mirae Asset Flexi Cap Fund?
Aditya Birla Sun Life Msci India ETF charges less: 0.22% a year against 0.74%. These are the total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Msci India ETF and Mirae Asset Flexi Cap Fund overlap?
48.8%. They hold 53 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Msci India ETF or Mirae Asset Flexi Cap Fund?
On SEBI's riskometer, Aditya Birla Sun Life Msci India ETF is rated Very High and Mirae Asset Flexi Cap Fund Very High. Over their common history, the standard deviation of daily returns was 15.37% and 13.21% a year.
Can I invest in both Aditya Birla Sun Life Msci India ETF and Mirae Asset Flexi Cap Fund?
Yes. 48.8% 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 Flexi Cap Fund?
Aditya Birla Sun Life Msci India ETF: Priya Sridhar, Mehul Dama. Mirae Asset Flexi Cap Fund: Varun Goel.
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.