Aditya Birla Sun Life Msci India ETF vs Mirae Asset Large & Midcap 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 Large & Midcap Fund is a Large & Mid Cap fund. Aditya Birla Sun Life Msci India ETF charges 0.22% a year and Mirae Asset Large & Midcap Fund 0.87%. Their portfolios overlap 45.4%: they hold 58 of the same securities.
Aditya Birla Sun Life Msci India ETF
ETF
- Expense ratio
- 0.22%
- NAV
- ₹27.93
Mirae Asset Large & Midcap Fund
Large & Mid Cap
- Expense ratio
- 0.87%
- NAV
- ₹166.95
Which is better, Aditya Birla Sun Life Msci India ETF or Mirae Asset Large & Midcap? 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 0.87%.
- Aditya Birla Sun Life Msci India ETF fell less in its worst fall since 20-02-2026: −12.5% against −12.7%.
- Aditya Birla Sun Life Msci India ETF holds more in large companies: 80.6% of the fund in large caps against 49.4%.
- Mirae Asset Large & Midcap is the larger fund: ₹42,834 Cr against ₹11 Cr.
- Their portfolios overlap 45.4%: 58 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 Large & Midcap Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Mirae Asset Mutual Fund |
| Category | ETF | Large & Mid Cap |
| AUM | ₹11 Cr (30-09-2026) | ₹42,834 Cr (30-09-2026) |
| NAV | ₹27.93 | ₹166.95 (Direct) |
| Expense ratio (Direct) | Not available | 0.87% |
| Expense ratio (Regular) | Not available | 1.77% |
| Riskometer | Very High | Very High |
| Benchmark | MSCI India Index | Nifty LargeMidcap 250 TRI |
| Launch date | 17-02-2026 | 09-07-2010 |
| 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 | Lumpsum purchase not allowed |
| Lock in | None | None |
| Fund managers | Priya Sridhar, Mehul Dama | Neelesh Surana, Ankit Jain |
| Exit load | NIL | Exit load of 1% if redeemed within 1 year |
Aditya Birla Sun Life Msci India ETF vs Mirae Asset Large & Midcap: 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 Large & Midcap Fund (Direct) | −1.38% | −6.98% | −1.65% | −5.82% | +11.37% | +9.30% | +15.19% |
| Large & Mid Cap average | −1.78% | −5.20% | −0.43% | −3.99% | +13.28% | +11.36% | +13.62% |
Category average: the average of the 36 Large & Mid Cap funds, same plan type.
Aditya Birla Sun Life Msci India ETF vs Mirae Asset Large & Midcap: Year-wise Returns
| Year | Aditya Birla Sun Life Msci India ETFAditya Birla Sun Life Msci India ETF | Mirae Asset Large & MidcapMirae Asset Large & Midcap |
|---|---|---|
| 2026to date | -- | −6.48% |
| 2025 | -- | +10.22% |
| 2024 | -- | +16.65% |
| 2023 | -- | +30.59% |
| 2022 | -- | −0.47% |
| 2021 | -- | +40.57% |
Aditya Birla Sun Life Msci India ETF vs Mirae Asset Large & Midcap: Rolling Returns
Every holding period of both funds, against NIFTY LargeMidcap 250 TRI, the benchmark of Mirae Asset Large & Midcap Fund
Aditya Birla Sun Life Msci India ETF vs Mirae Asset Large & Midcap: 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 Large & Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.53% | +19.57% |
| Standard deviation | 15.37% | 15.90% |
| Sharpe ratio | -1.03 | 0.85 |
| Sortino ratio | -1.35 | 1.15 |
| Maximum drawdown | −12.5% (31-03-2026) | −36.9% (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 Large & Midcap Fund (Direct)
NIFTY LargeMidcap 250 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 Large & Midcap Fund (Direct) | −12.7% | 26-02-2026 | 31-03-2026 | 22-06-2026 | 3 months | −8.2% |
| NIFTY LargeMidcap 250 TRI | −12.4% | 26-02-2026 | 30-03-2026 | 18-06-2026 | 3 months | −8.6% |
From daily values since 20-02-2026, the first day every fund has.
Aditya Birla Sun Life Msci India ETF vs Mirae Asset Large & Midcap: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Msci India ETF, September 2026; Mirae Asset Large & Midcap Fund, September 2026
Holdings in common
- Overlap
- 45.4%
- Held by both
- 58
- Only in Aditya Birla Sun Life Msci India ETF
- 107
- Only in Mirae Asset Large & Midcap
- 26
| Security | % of Aditya Birla Sun Life Msci India ETF | % of Mirae Asset Large & Midcap |
|---|---|---|
| HDFC Bank Ltd. | 6.44% | 6.40% |
| ICICI Bank Ltd. | 5.59% | 3.93% |
| Reliance Industries Ltd. | 5.44% | 2.92% |
| Bharti Airtel Ltd. | 3.93% | 2.81% |
| Axis Bank Ltd. | 2.25% | 3.46% |
| Larsen & Toubro Ltd. | 2.02% | 1.50% |
| State Bank of India | 1.41% | 2.98% |
| Sun Pharmaceutical Industries Ltd. | 1.30% | 1.26% |
| Infosys Ltd. | 2.41% | 1.25% |
| Tata Consultancy Services Ltd. | 1.33% | 1.18% |
| Maruti Suzuki India Ltd. | 1.13% | 1.34% |
| Kotak Mahindra Bank Ltd. | 1.82% | 1.10% |
| Tata Steel Ltd. | 1.10% | 1.04% |
| Mahindra & Mahindra Ltd. | 2.05% | 1.01% |
| Hindalco Industries Ltd. | 0.97% | 1.97% |
| Bharat Electronics Ltd. | 1.07% | 0.91% |
| Divi's Laboratories Ltd. | 0.88% | 1.52% |
| NTPC Ltd. | 1.12% | 0.88% |
| Interglobe Aviation Ltd. | 0.75% | 1.47% |
| ITC Ltd. | 0.63% | 1.09% |
| SBI Life Insurance Co. Ltd. | 0.61% | 2.03% |
| Laurus Labs Ltd. | 0.55% | 4.10% |
| One 97 Communications Ltd. | 0.51% | 0.94% |
| Hero MotoCorp Ltd. | 0.50% | 2.05% |
| Cummins India Ltd. | 0.50% | 0.57% |
| Eternal Ltd. | 1.22% | 0.50% |
| Oil & Natural Gas Corporation Ltd. | 0.46% | 0.60% |
| Vedanta Aluminium Metal Ltd. | 0.45% | 1.36% |
| Tata Power Company Ltd. | 0.43% | 1.12% |
| Apollo Hospitals Enterprise Ltd. | 0.65% | 0.43% |
| Persistent Systems Ltd. | 0.43% | 1.41% |
| IndusInd Bank Ltd. | 0.41% | 1.52% |
| Hindustan Aeronautics Ltd. | 0.62% | 0.40% |
| Dixon Technologies (India) Ltd. | 0.39% | 1.19% |
| Lupin Ltd. | 0.37% | 1.87% |
| Bharat Forge Ltd. | 0.37% | 1.04% |
| Lenskart Solutions Ltd. | 0.36% | 1.22% |
| Multi Commodity Exchange of India Ltd. | 0.33% | 0.52% |
| United Spirits Ltd. | 0.31% | 0.69% |
| FSN E-Commerce Ventures Ltd. | 0.31% | 1.30% |
| PB Fintech Ltd. | 0.29% | 1.42% |
| Hindustan Petroleum Corporation Ltd. | 0.27% | 0.46% |
| SRF Ltd. | 0.26% | 0.89% |
| Godrej Consumer Products Ltd. | 0.26% | 1.01% |
| Tata Motors Passenger Vehicles Ltd. | 0.42% | 0.24% |
| Aditya Birla Capital Ltd. | 0.23% | 0.42% |
| Billionbrains Garage Ventures Ltd. | 0.21% | 1.00% |
| Prestige Estates Projects Ltd. | 0.20% | 1.48% |
| L&T Finance Ltd. | 0.17% | 0.94% |
| Tata Communications Ltd. | 0.15% | 1.68% |
| PI Industries Ltd. | 0.13% | 0.99% |
| Bharat Heavy Electricals Ltd. | 0.40% | 0.05% |
| The Federal Bank Ltd. | 0.46% | 0.03% |
| JSW Energy Ltd. | 0.18% | 0.03% |
| DLF Ltd. | 0.33% | 0.02% |
| Titan Company Ltd. | 1.30% | 0.02% |
| Power Finance Corporation Ltd. | 0.34% | 0.02% |
| Grasim Industries Ltd. | 0.66% | 0.00% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 45.4% means 45.4% 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 |
|---|---|
| Bajaj Finance Ltd. | 1.91% |
| Shriram Finance Ltd. | 1.11% |
| Hindustan Unilever Ltd. | 1.06% |
| Ultratech Cement Ltd. | 0.90% |
| Power Grid Corporation of India Ltd. | 0.87% |
Largest holdings only in Mirae Asset Large & Midcap Fund
| Security | % of fund |
|---|---|
| Steel Authority of India Ltd. | 2.25% |
| Delhivery Ltd. | 1.98% |
| HDB Financial Services Ltd. | 1.96% |
| Dalmia Bharat Ltd. | 1.81% |
| Narayana Hrudayalaya Ltd. | 1.75% |
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 Large & Midcap |
|---|---|---|
| Equity | 99.8% | 98.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.2% | 1.4% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Msci India ETF | Mirae Asset Large & Midcap |
|---|---|---|
| Large Cap | 80.6% | 49.4% |
| Mid Cap | 19.2% | 37.2% |
| Small Cap | 0.0% | 11.3% |
| Not on AMFI's list | 0.0% | 0.8% |
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 Large & Midcap |
|---|---|---|
| Banks | 20.3% | 19.4% |
| Pharmaceuticals & Biotechnology | 5.6% | 9.9% |
| IT - Software | 6.6% | 3.8% |
| Petroleum Products | 6.4% | 3.4% |
| Finance | 6.3% | 3.3% |
| Automobiles | 6.2% | 4.8% |
| Telecom - Services | 4.7% | 4.5% |
| Transport Services | 0.8% | 4.6% |
| Retailing | 3.4% | 4.5% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Msci India ETF vs Mirae Asset Large & Midcap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Msci India ETF | Mirae Asset Large & Midcap Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.87% |
| Base expense ratio (Direct) | 0.00% | 0.52% |
| Total expense ratio (Regular) | Not available | 1.77% |
| Base expense ratio (Regular) | 0.16% | 1.29% |
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
Compare Mirae Asset Large & Midcap with
Aditya Birla Sun Life Msci India ETF vs Mirae Asset Large & Midcap Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Msci India ETF and Mirae Asset Large & Midcap Fund?
Aditya Birla Sun Life Msci India ETF is an ETF fund, Mirae Asset Large & Midcap Fund is a Large & Mid Cap fund, run by Aditya Birla Sun Life Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 45.4%. Aditya Birla Sun Life Msci India ETF charges 0.22% a year and Mirae Asset Large & Midcap Fund 0.87%.
Which has the lower expense ratio, Aditya Birla Sun Life Msci India ETF or Mirae Asset Large & Midcap Fund?
Aditya Birla Sun Life Msci India ETF charges less: 0.22% a year against 0.87%. These are the total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Msci India ETF and Mirae Asset Large & Midcap Fund overlap?
45.4%. They hold 58 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Msci India ETF or Mirae Asset Large & Midcap Fund?
On SEBI's riskometer, Aditya Birla Sun Life Msci India ETF is rated Very High and Mirae Asset Large & Midcap Fund Very High. Over their common history, the standard deviation of daily returns was 15.37% and 15.90% a year.
Can I invest in both Aditya Birla Sun Life Msci India ETF and Mirae Asset Large & Midcap Fund?
Yes. 45.4% 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 Large & Midcap Fund?
Aditya Birla Sun Life Msci India ETF: Priya Sridhar, Mehul Dama. Mirae Asset Large & Midcap Fund: Neelesh Surana, Ankit Jain.
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.