Aditya Birla Sun Life Nifty India Defence Index Fund vs Mirae Asset BSE India Defence ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Nifty India Defence Index Fund is an Index fund and Mirae Asset BSE India Defence ETF is an ETF fund. Aditya Birla Sun Life Nifty India Defence Index Fund charges 0.46% a year and Mirae Asset BSE India Defence ETF 0.64%. Their portfolios overlap 72.6%: they hold 20 of the same securities.
Aditya Birla Sun Life Nifty India Defence Index Fund
Index
- Expense ratio
- 0.46%
- NAV
- ₹12.46
Mirae Asset BSE India Defence ETF
ETF
- Expense ratio
- 0.64%
- NAV
- ₹72.90
Which is better, Aditya Birla Sun Life Nifty India Defence Index or Mirae Asset BSE India Defence ETF? 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 Nifty India Defence Index costs less: 0.46% a year against 0.64%.
- Aditya Birla Sun Life Nifty India Defence Index fell less in its worst fall since 16-02-2026: −15.4% against −15.4%.
- Aditya Birla Sun Life Nifty India Defence Index is the larger fund: ₹1,409 Cr against ₹183 Cr.
- Their portfolios overlap 72.6%: 20 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 Nifty India Defence Index Fund | Mirae Asset BSE India Defence ETF |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Mirae Asset Mutual Fund |
| Category | Index | ETF |
| AUM | ₹1,409 Cr (30-09-2026) | ₹183 Cr (30-09-2026) |
| NAV | ₹12.46 (Direct) | ₹72.90 |
| Expense ratio (Direct) | 0.46% | Not available |
| Expense ratio (Regular) | 1.15% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty India Defence TRI | BSE India Defence TRI (Total Return Index) |
| Launch date | 30-08-2024 | 13-02-2026 |
| Minimum investment | ₹500 | On exchange in multiple of 1 unit. With AMC: In multiples of 5,000 units |
| Lock in | None | None |
| Fund managers | Priya Sridhar, Mehul Dama | Ekta Gala, amp, Vishal Singh |
| Exit load | Exit load of 0.05%, if redeemed within 30 days. | NIL |
Aditya Birla Sun Life Nifty India Defence Index vs Mirae Asset BSE India Defence ETF: 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 Nifty India Defence Index Fund (Direct) | −6.22% | −5.24% | −2.98% | +8.20% | -- | -- | -- |
| Mirae Asset BSE India Defence ETF | −5.75% | −5.43% | −1.24% | -- | -- | -- | -- |
Aditya Birla Sun Life Nifty India Defence Index vs Mirae Asset BSE India Defence ETF: Year-wise Returns
| Year | Aditya Birla Sun Life Nifty India Defence IndexAditya Birla Sun Life Nifty India Defence Index | Mirae Asset BSE India Defence ETFMirae Asset BSE India Defence ETF |
|---|---|---|
| 2026to date | +12.49% | -- |
| 2025 | +19.16% | -- |
Aditya Birla Sun Life Nifty India Defence Index vs Mirae Asset BSE India Defence ETF: Rolling Returns
Every holding period of both funds, against Nifty India Defence TRI, the benchmark of Aditya Birla Sun Life Nifty India Defence Index Fund
Aditya Birla Sun Life Nifty India Defence Index vs Mirae Asset BSE India Defence ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life Nifty India Defence Index Fund (Direct) | Mirae Asset BSE India Defence ETF |
|---|---|---|
| Return (CAGR) | +11.08% | +12.51% |
| Standard deviation | 27.48% | 24.02% |
| Sharpe ratio | 0.20 | 0.30 |
| Sortino ratio | 0.28 | 0.41 |
| Maximum drawdown | −27.8% (18-02-2025) | −15.4% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.73% | −0.38% |
From daily NAVs, 02-09-2024 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 Nifty India Defence Index Fund (Direct)
Mirae Asset BSE India Defence ETF
Nifty India Defence TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Nifty India Defence Index Fund (Direct) | −15.4% | 06-03-2026 | 31-03-2026 | 15-04-2026 | 15 days | −13.0% |
| Mirae Asset BSE India Defence ETF | −15.4% | 06-03-2026 | 31-03-2026 | 15-04-2026 | 15 days | −12.9% |
| Nifty India Defence TRI | −15.4% | 06-03-2026 | 30-03-2026 | 15-04-2026 | 16 days | −12.9% |
From daily values since 16-02-2026, the first day every fund has.
Aditya Birla Sun Life Nifty India Defence Index vs Mirae Asset BSE India Defence ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Nifty India Defence Index Fund, September 2026; Mirae Asset BSE India Defence ETF, September 2026
Holdings in common
- Overlap
- 72.6%
- Held by both
- 20
- Only in Aditya Birla Sun Life Nifty India Defence Index
- 2
- Only in Mirae Asset BSE India Defence ETF
- 13
| Security | % of Aditya Birla Sun Life Nifty India Defence Index | % of Mirae Asset BSE India Defence ETF |
|---|---|---|
| Bharat Electronics Ltd. | 19.96% | 15.45% |
| Hindustan Aeronautics Ltd. | 19.68% | 14.96% |
| Solar Industries India Ltd. | 11.91% | 13.29% |
| Mazagon Dock Shipbuilders Ltd. | 3.98% | 4.51% |
| Astra Microwave Products Ltd. | 3.44% | 3.85% |
| Data Patterns (India) Ltd. | 3.23% | 3.48% |
| Cochin Shipyard Ltd. | 3.16% | 3.09% |
| Bharat Forge Ltd. | 13.28% | 3.01% |
| Bharat Dynamics Ltd. | 2.54% | 2.83% |
| Zen Technologies Ltd. | 1.84% | 2.06% |
| Apollo Micro Systems Ltd. | 1.64% | 1.84% |
| Garden Reach Shipbuilders & Engineers Ltd. | 1.59% | 1.74% |
| Paras Defence And Space Technologies Ltd. | 1.16% | 1.30% |
| Aequs Ltd. | 1.14% | 1.99% |
| AXISCADES Technologies Ltd. | 0.99% | 1.11% |
| MTAR technologies Ltd. | 4.00% | 0.98% |
| Mishra Dhatu Nigam Ltd. | 0.53% | 0.60% |
| BEML Ltd. | 1.89% | 0.45% |
| Unimech Aerospace and Manufacturing Ltd. | 0.38% | 0.49% |
| Dynamatic Technologies Ltd. | 1.33% | 0.31% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 72.6% means 72.6% 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 Nifty India Defence Index Fund
| Security | % of fund |
|---|---|
| Centum Electronics Ltd. | 0.92% |
| Sigma Advanced Systems Ltd. | 0.38% |
Largest holdings only in Mirae Asset BSE India Defence ETF
| Security | % of fund |
|---|---|
| Larsen & Toubro Ltd. | 5.13% |
| Mahindra & Mahindra Ltd. | 5.02% |
| Adani Enterprises Ltd. | 5.02% |
| Ashok Leyland Ltd. | 2.54% |
| Cyient DLM Ltd. | 0.97% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Nifty India Defence Index | Mirae Asset BSE India Defence ETF |
|---|---|---|
| Equity | 99.0% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.0% | -0.0% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Nifty India Defence Index | Mirae Asset BSE India Defence ETF |
|---|---|---|
| Large Cap | 51.5% | 58.9% |
| Mid Cap | 23.0% | 16.0% |
| Small Cap | 24.4% | 25.2% |
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 Nifty India Defence Index | Mirae Asset BSE India Defence ETF |
|---|---|---|
| Aerospace & Defense | 59.4% | 53.5% |
| Chemicals & Petrochemicals | 11.9% | 13.3% |
| Auto Components | 13.3% | 3.4% |
| Industrial Manufacturing | 8.5% | 8.6% |
| Construction | 0.0% | 5.1% |
| Automobiles | 0.0% | 5.0% |
| Metals & Minerals Trading | 0.0% | 5.0% |
| Electrical Equipment | 4.0% | 1.0% |
| Agricultural, Commercial & Construction Vehicles | 1.9% | 3.0% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Nifty India Defence Index vs Mirae Asset BSE India Defence ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Nifty India Defence Index Fund | Mirae Asset BSE India Defence ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.46% | Not available |
| Base expense ratio (Direct) | 0.28% | 0.00% |
| Total expense ratio (Regular) | 1.15% | Not available |
| Base expense ratio (Regular) | 0.89% | 0.28% |
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.
Aditya Birla Sun Life Nifty India Defence Index Fund vs Mirae Asset BSE India Defence ETF: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Nifty India Defence Index Fund and Mirae Asset BSE India Defence ETF?
Aditya Birla Sun Life Nifty India Defence Index Fund is an Index fund, Mirae Asset BSE India Defence ETF is an ETF fund, run by Aditya Birla Sun Life Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 72.6%. Aditya Birla Sun Life Nifty India Defence Index Fund charges 0.46% a year and Mirae Asset BSE India Defence ETF 0.64%.
Which has the lower expense ratio, Aditya Birla Sun Life Nifty India Defence Index Fund or Mirae Asset BSE India Defence ETF?
Aditya Birla Sun Life Nifty India Defence Index Fund charges less: 0.46% a year against 0.64%. These are the total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Nifty India Defence Index Fund and Mirae Asset BSE India Defence ETF overlap?
72.6%. They hold 20 of the same securities, the largest shared ones being BEL, HAL, SOLARINDS. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Nifty India Defence Index Fund or Mirae Asset BSE India Defence ETF?
On SEBI's riskometer, Aditya Birla Sun Life Nifty India Defence Index Fund is rated Very High and Mirae Asset BSE India Defence ETF Very High. Over their common history, the standard deviation of daily returns was 27.48% and 24.02% a year.
Can I invest in both Aditya Birla Sun Life Nifty India Defence Index Fund and Mirae Asset BSE India Defence ETF?
Yes. 72.6% 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 Nifty India Defence Index Fund and Mirae Asset BSE India Defence ETF?
Aditya Birla Sun Life Nifty India Defence Index Fund: Priya Sridhar, Mehul Dama. Mirae Asset BSE India Defence ETF: Ekta Gala, amp, Vishal Singh.
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.