Aditya Birla Sun Life Msci India ETF vs Union 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 Union Equity Savings Fund is an Equity Savings fund. Aditya Birla Sun Life Msci India ETF charges 0.22% a year and Union Equity Savings Fund 2.11%. Their portfolios overlap 36.4%: they hold 41 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 Union 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 2.11%.
- Union Equity Savings fell less in its worst fall since 20-02-2026: −4.4% against −12.5%.
- Aditya Birla Sun Life Msci India ETF holds more in large companies: 80.6% of the fund in large caps against 42.8%.
- Union Equity Savings is the larger fund: ₹114 Cr against ₹11 Cr.
- Their portfolios overlap 36.4%: 41 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 | Union Equity Savings Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Union Mutual Fund |
| Category | ETF | Equity Savings |
| AUM | ₹11 Cr (30-09-2026) | ₹114 Cr (30-09-2026) |
| NAV | ₹27.93 | ₹17.94 (Direct) |
| Expense ratio (Direct) | Not available | 2.11% |
| Expense ratio (Regular) | Not available | 2.60% |
| Riskometer | Very High | Moderately High |
| Benchmark | MSCI India Index | CRISIL Equity Savings Index (TRI)# #CRISIL Benchmark Disclaimer: CRISIL Indices are the sole property of CRISIL Limited |
| Launch date | 17-02-2026 | 09-08-2018 |
| 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 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Priya Sridhar, Mehul Dama | Sanjay Bembalkar, Gaurav Chopra, Parijat Agrawal |
| Exit load | NIL | Exit load of 1%, if redeemed within 15 days. |
Aditya Birla Sun Life Msci India ETF vs Union 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% | -- | -- | -- | -- |
| Union Equity Savings Fund (Direct) | −0.44% | −1.10% | +1.18% | +0.67% | +6.60% | +5.74% | -- |
| 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 Union Equity Savings: Year-wise Returns
| Year | Aditya Birla Sun Life Msci India ETFAditya Birla Sun Life Msci India ETF | Union Equity SavingsUnion Equity Savings |
|---|---|---|
| 2026to date | -- | +0.39% |
| 2025 | -- | +5.49% |
| 2024 | -- | +8.94% |
| 2023 | -- | +12.03% |
| 2022 | -- | +2.36% |
| 2021 | -- | +9.35% |
Aditya Birla Sun Life Msci India ETF vs Union Equity Savings: Rolling Returns
Every holding period of both funds
Aditya Birla Sun Life Msci India ETF vs Union 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 | Union Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.53% | +7.35% |
| Standard deviation | 15.37% | 5.70% |
| Sharpe ratio | -1.03 | 0.37 |
| Sortino ratio | -1.35 | 0.49 |
| Maximum drawdown | −12.5% (31-03-2026) | −14.4% (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
Union 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% |
| Union Equity Savings Fund (Direct) | −4.4% | 23-02-2026 | 30-03-2026 | 18-06-2026 | 3 months | −2.1% |
From daily values since 20-02-2026, the first day every fund has.
Aditya Birla Sun Life Msci India ETF vs Union Equity Savings: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Msci India ETF, September 2026; Union Equity Savings Fund, September 2026
Holdings in common
- Overlap
- 36.4%
- Held by both
- 41
- Only in Aditya Birla Sun Life Msci India ETF
- 124
- Only in Union Equity Savings
- 40
| Security | % of Aditya Birla Sun Life Msci India ETF | % of Union Equity Savings |
|---|---|---|
| HDFC Bank Ltd. | 6.44% | 4.85% |
| ICICI Bank Ltd. | 5.59% | 3.63% |
| Bharti Airtel Ltd. | 3.93% | 2.65% |
| Reliance Industries Ltd. | 5.44% | 2.33% |
| Axis Bank Ltd. | 2.25% | 2.18% |
| Bajaj Finance Ltd. | 1.91% | 3.04% |
| Kotak Mahindra Bank Ltd. | 1.82% | 2.37% |
| State Bank of India | 1.41% | 1.18% |
| NTPC Ltd. | 1.12% | 2.65% |
| Mahindra & Mahindra Ltd. | 2.05% | 1.04% |
| Tata Steel Ltd. | 1.10% | 0.98% |
| Infosys Ltd. | 2.41% | 0.89% |
| Hindalco Industries Ltd. | 0.97% | 0.87% |
| Adani Ports and Special Economic Zone Ltd. | 0.83% | 1.05% |
| Interglobe Aviation Ltd. | 0.75% | 1.32% |
| Maruti Suzuki India Ltd. | 1.13% | 0.57% |
| Trent Ltd. | 0.56% | 0.56% |
| Torrent Pharmaceuticals Ltd. | 0.55% | 0.58% |
| One 97 Communications Ltd. | 0.51% | 0.65% |
| Hindustan Unilever Ltd. | 1.06% | 0.51% |
| Eternal Ltd. | 1.22% | 0.47% |
| Varun Beverages Ltd. | 0.44% | 0.43% |
| CG Power and Industrial Solutions Ltd. | 0.43% | 0.60% |
| Shriram Finance Ltd. | 1.11% | 0.42% |
| IndusInd Bank Ltd. | 0.41% | 0.50% |
| Tata Consumer Products Ltd. | 0.41% | 0.55% |
| Larsen & Toubro Ltd. | 2.02% | 0.40% |
| Bharat Petroleum Corporation Ltd. | 0.39% | 0.90% |
| Bharat Heavy Electricals Ltd. | 0.40% | 0.38% |
| Indus Towers Ltd. | 0.37% | 3.69% |
| Solar Industries India Ltd. | 0.36% | 0.52% |
| FSN E-Commerce Ventures Ltd. | 0.31% | 0.30% |
| Sun Pharmaceutical Industries Ltd. | 1.30% | 0.27% |
| Ultratech Cement Ltd. | 0.90% | 0.27% |
| Bharat Electronics Ltd. | 1.07% | 0.22% |
| Billionbrains Garage Ventures Ltd. | 0.21% | 0.25% |
| Mphasis Ltd. | 0.20% | 0.44% |
| Jindal Steel Ltd. | 0.32% | 0.18% |
| JSW Energy Ltd. | 0.18% | 0.29% |
| Godrej Properties Ltd. | 0.18% | 0.33% |
| Oil India Ltd. | 0.15% | 0.32% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.4% means 36.4% 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 |
|---|---|
| Tata Consultancy Services Ltd. | 1.33% |
| Titan Company Ltd. | 1.30% |
| Divi's Laboratories Ltd. | 0.88% |
| Power Grid Corporation of India Ltd. | 0.87% |
| HCL Technologies Ltd. | 0.86% |
Largest holdings only in Union Equity Savings Fund
| Security | % of fund |
|---|---|
| National Bank for Agriculture and Rural Development | 8.69% |
| Patanjali Foods Ltd. | 4.81% |
| 91 Day Treasury Bills | 4.37% |
| Indian Railway Finance Corporation Ltd. | 4.26% |
| Small Industries Development Bank of India | 3.44% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Msci India ETF | Union Equity Savings |
|---|---|---|
| Equity | 99.8% | 69.5% |
| Debt | 0.0% | 26.3% |
| Cash and others | 0.2% | 4.2% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Msci India ETF | Union Equity Savings |
|---|---|---|
| Large Cap | 80.6% | 42.8% |
| Mid Cap | 19.2% | 14.4% |
| Small Cap | 0.0% | 11.5% |
| 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 | Union Equity Savings |
|---|---|---|
| Banks | 20.3% | 16.4% |
| IT - Software | 6.6% | 1.3% |
| Petroleum Products | 6.4% | 3.2% |
| Telecom - Services | 4.7% | 6.3% |
| Finance | 6.3% | 3.5% |
| Automobiles | 6.2% | 2.1% |
| Pharmaceuticals & Biotechnology | 5.6% | 4.4% |
| Agricultural Food & other Products | 0.7% | 5.4% |
| Power | 3.7% | 3.5% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Msci India ETF vs Union Equity Savings: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Msci India ETF | Union Equity Savings Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 2.11% |
| Base expense ratio (Direct) | 0.00% | 1.25% |
| Total expense ratio (Regular) | Not available | 2.60% |
| Base expense ratio (Regular) | 0.16% | 1.66% |
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 Union Equity Savings Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Msci India ETF and Union Equity Savings Fund?
Aditya Birla Sun Life Msci India ETF is an ETF fund, Union Equity Savings Fund is an Equity Savings fund, run by Aditya Birla Sun Life Mutual Fund and Union Mutual Fund. Their portfolios overlap 36.4%. Aditya Birla Sun Life Msci India ETF charges 0.22% a year and Union Equity Savings Fund 2.11%.
Which has the lower expense ratio, Aditya Birla Sun Life Msci India ETF or Union Equity Savings Fund?
Aditya Birla Sun Life Msci India ETF charges less: 0.22% a year against 2.11%. These are the total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Msci India ETF and Union Equity Savings Fund overlap?
36.4%. They hold 41 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Msci India ETF or Union Equity Savings Fund?
On SEBI's riskometer, Aditya Birla Sun Life Msci India ETF is rated Very High and Union Equity Savings Fund Moderately High. Over their common history, the standard deviation of daily returns was 15.37% and 5.70% a year.
Can I invest in both Aditya Birla Sun Life Msci India ETF and Union Equity Savings Fund?
Yes. 36.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Aditya Birla Sun Life Msci India ETF and Union Equity Savings Fund?
Aditya Birla Sun Life Msci India ETF: Priya Sridhar, Mehul Dama. Union Equity Savings Fund: Sanjay Bembalkar, Gaurav Chopra, Parijat Agrawal.
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.