Aditya Birla Sun Life Nifty Midcap 150 Index Fund vs Zerodha Nifty MidSmallcap400 50:50 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Nifty Midcap 150 Index Fund is an Index fund and Zerodha Nifty MidSmallcap400 50:50 Index Fund is an Index fund. Aditya Birla Sun Life Nifty Midcap 150 Index Fund charges 0.49% a year and Zerodha Nifty MidSmallcap400 50:50 Index Fund 0.86% (Direct plans). Their portfolios overlap 49.8%: they hold 150 of the same securities.
Aditya Birla Sun Life Nifty Midcap 150 Index Fund
Index
- Expense ratio
- 0.49%
- NAV
- ₹23.82
Zerodha Nifty MidSmallcap400 50:50 Index Fund
Index
- Expense ratio
- 0.86%
- NAV
- ₹10.41
Which is better, Aditya Birla Sun Life Nifty Midcap 150 Index or Zerodha Nifty MidSmallcap400 50:50 Index? 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 Midcap 150 Index costs less: 0.49% a year against 0.86% (Direct plans).
- Zerodha Nifty MidSmallcap400 50:50 Index fell less in its worst fall since 13-04-2026: −12.0% against −12.5%.
- Aditya Birla Sun Life Nifty Midcap 150 Index is the larger fund: ₹469 Cr against ₹19 Cr.
- Their portfolios overlap 49.8%: 150 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 Midcap 150 Index Fund | Zerodha Nifty MidSmallcap400 50:50 Index Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Zerodha Mutual Fund |
| Category | Index | Index |
| AUM | ₹469 Cr (30-09-2026) | ₹19 Cr (30-09-2026) |
| NAV | ₹23.82 (Direct) | ₹10.41 (Direct) |
| Expense ratio (Direct) | 0.49% | 0.86% |
| Expense ratio (Regular) | 1.04% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Midcap 150 TRI | Nifty MidSmallcap400 50:50 TRI |
| Launch date | 01-04-2021 | 09-04-2026 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Priya Sridhar, Mehul Dama | Kedarnath Mirajkar |
| Exit load | Exit load of 0.25%, if redeemed within 15 days. | Nil |
Aditya Birla Sun Life Nifty Midcap 150 Index vs Zerodha Nifty MidSmallcap400 50:50 Index: 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 Midcap 150 Index Fund (Direct) | −3.72% | −8.56% | −4.13% | −4.71% | +13.48% | +13.49% | -- |
| Zerodha Nifty MidSmallcap400 50:50 Index Fund (Direct) | −4.73% | −7.35% | −1.96% | -- | -- | -- | -- |
Aditya Birla Sun Life Nifty Midcap 150 Index vs Zerodha Nifty MidSmallcap400 50:50 Index: Year-wise Returns
| Year | Aditya Birla Sun Life Nifty Midcap 150Aditya Birla Sun Life Nifty Midcap 150 Index | Zerodha Nifty MidSmallcap400 50:50Zerodha Nifty MidSmallcap400 50:50 Index |
|---|---|---|
| 2026to date | −5.25% | -- |
| 2025 | +5.45% | -- |
| 2024 | +24.41% | -- |
| 2023 | +44.15% | -- |
| 2022 | +3.49% | -- |
Aditya Birla Sun Life Nifty Midcap 150 Index vs Zerodha Nifty MidSmallcap400 50:50 Index: Rolling Returns
Every holding period of both funds, against Nifty Midcap 150 TRI, the benchmark of Aditya Birla Sun Life Nifty Midcap 150 Index Fund
Aditya Birla Sun Life Nifty Midcap 150 Index vs Zerodha Nifty MidSmallcap400 50:50 Index: 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 Midcap 150 Index Fund (Direct) | Zerodha Nifty MidSmallcap400 50:50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.78% | +5.82% |
| Standard deviation | 16.51% | 14.76% |
| Sharpe ratio | 0.68 | 0.04 |
| Sortino ratio | 0.91 | 0.05 |
| Maximum drawdown | −21.2% (20-06-2022) | −12.0% (23-10-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.37% | −0.71% |
From daily NAVs, 06-04-2021 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 Midcap 150 Index Fund (Direct)
Zerodha Nifty MidSmallcap400 50:50 Index Fund (Direct)
Nifty Midcap 150 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 Midcap 150 Index Fund (Direct) | −12.5% | 31-08-2026 | 23-10-2026 | Not yet | -- | −10.6% |
| Zerodha Nifty MidSmallcap400 50:50 Index Fund (Direct) | −12.0% | 28-08-2026 | 23-10-2026 | Not yet | -- | −10.0% |
| Nifty Midcap 150 TRI | −12.5% | 31-08-2026 | 23-10-2026 | Not yet | -- | −10.5% |
From daily values since 13-04-2026, the first day every fund has.
Aditya Birla Sun Life Nifty Midcap 150 Index vs Zerodha Nifty MidSmallcap400 50:50 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Nifty Midcap 150 Index Fund, September 2026; Zerodha Nifty MidSmallcap400 50:50 Index Fund, September 2026
Holdings in common
- Overlap
- 49.8%
- Held by both
- 150
- Only in Aditya Birla Sun Life Nifty Midcap 150 Index
- 0
- Only in Zerodha Nifty MidSmallcap400 50:50 Index
- 248
| Security | % of Aditya Birla Sun Life Nifty Midcap 150 Index | % of Zerodha Nifty MidSmallcap400 50:50 Index |
|---|---|---|
| Multi Commodity Exchange of India Ltd. | 2.07% | 1.04% |
| The Federal Bank Ltd. | 1.93% | 0.97% |
| Laurus Labs Ltd. | 1.90% | 0.95% |
| One 97 Communications Ltd. | 1.78% | 0.89% |
| Hero MotoCorp Ltd. | 1.68% | 0.84% |
| The Indian Hotels Company Ltd. | 1.58% | 0.78% |
| Coforge Ltd. | 1.50% | 0.75% |
| Bharat Heavy Electricals Ltd. | 1.49% | 0.75% |
| IndusInd Bank Ltd. | 1.46% | 0.73% |
| AU Small Finance Bank Ltd. | 1.45% | 0.72% |
| Persistent Systems Ltd. | 1.41% | 0.70% |
| Dixon Technologies (India) Ltd. | 1.34% | 0.67% |
| IDFC First Bank Ltd. | 1.33% | 0.67% |
| Bharat Forge Ltd. | 1.32% | 0.66% |
| GE Vernova T&D India Ltd. | 1.28% | 0.65% |
| Lenskart Solutions Ltd. | 1.24% | 0.62% |
| Life Insurance Corporation of India | 1.23% | 0.62% |
| Lupin Ltd. | 1.21% | 0.60% |
| Suzlon Energy Ltd. | 1.18% | 0.59% |
| Indus Towers Ltd. | 1.18% | 0.59% |
| Info Edge (India) Ltd. | 1.16% | 0.59% |
| Aurobindo Pharma Ltd. | 1.14% | 0.56% |
| Ashok Leyland Ltd. | 1.09% | 0.55% |
| FSN E-Commerce Ventures Ltd. | 1.08% | 0.54% |
| Marico Ltd. | 1.03% | 0.52% |
| Fortis Healthcare Ltd. | 0.99% | 0.50% |
| United Spirits Ltd. | 0.99% | 0.49% |
| APL Apollo Tubes Ltd. | 0.98% | 0.49% |
| ICICI Lombard General Insurance Company Ltd. | 0.95% | 0.48% |
| Embassy Office Parks Reit | 0.94% | 0.47% |
| PB Fintech Ltd. | 0.93% | 0.47% |
| Swiggy Ltd. | 0.93% | 0.46% |
| REC Ltd. | 0.92% | 0.46% |
| Yes Bank Ltd. | 0.91% | 0.45% |
| The Phoenix Mills Ltd. | 0.89% | 0.45% |
| Max Financial Services Ltd. | 0.90% | 0.44% |
| SRF Ltd. | 0.88% | 0.44% |
| Glenmark Pharmaceuticals Ltd. | 0.87% | 0.43% |
| Radico Khaitan Ltd. | 0.84% | 0.42% |
| Lodha Developers Ltd. | 0.83% | 0.41% |
| Hindustan Petroleum Corporation Ltd. | 0.83% | 0.41% |
| Aditya Birla Capital Ltd. | 0.80% | 0.41% |
| GMR Airports Ltd. | 0.81% | 0.40% |
| Apar Industries Ltd. | 0.80% | 0.39% |
| Alkem Laboratories Ltd. | 0.77% | 0.39% |
| National Aluminium Company Ltd. | 0.75% | 0.37% |
| JSW Energy Ltd. | 0.75% | 0.37% |
| UPL Ltd. | 0.75% | 0.37% |
| Sundaram Finance Ltd. | 0.74% | 0.37% |
| Shree Cement Ltd. | 0.74% | 0.36% |
| Mphasis Ltd. | 0.70% | 0.35% |
| Indian Bank | 0.70% | 0.35% |
| Mankind Pharma Ltd. | 0.70% | 0.35% |
| Vishal Mega Mart Ltd. | 0.70% | 0.35% |
| KEI Industries Ltd. | 0.68% | 0.34% |
| NHPC Ltd. | 0.68% | 0.34% |
| 360 ONE WAM Ltd. | 0.67% | 0.34% |
| IPCA Laboratories Ltd. | 0.66% | 0.33% |
| Lloyds Metals And Energy Ltd. | 0.63% | 0.33% |
| Piramal Finance Ltd. | 0.66% | 0.32% |
| NMDC Ltd. | 0.65% | 0.32% |
| Billionbrains Garage Ventures Ltd. | 0.65% | 0.32% |
| Steel Authority of India Ltd. | 0.65% | 0.32% |
| Biocon Ltd. | 0.64% | 0.32% |
| Oracle Financial Services Software Ltd. | 0.63% | 0.32% |
| Havells India Ltd. | 0.63% | 0.31% |
| Tube Investments of India Ltd. | 0.62% | 0.31% |
| Prestige Estates Projects Ltd. | 0.62% | 0.30% |
| Oil India Ltd. | 0.60% | 0.30% |
| Voltas Ltd. | 0.60% | 0.30% |
| Torrent Power Ltd. | 0.58% | 0.29% |
| Jindal Stainless Ltd. | 0.58% | 0.29% |
| Colgate Palmolive (India) Ltd. | 0.57% | 0.29% |
| Waaree Energies Ltd. | 0.56% | 0.28% |
| L&T Finance Ltd. | 0.56% | 0.28% |
| Page Industries Ltd. | 0.56% | 0.27% |
| Dabur India Ltd. | 0.55% | 0.27% |
| Supreme Industries Ltd. | 0.55% | 0.27% |
| Godrej Properties Ltd. | 0.54% | 0.27% |
| MRF Ltd. | 0.63% | 0.26% |
| Mahindra & Mahindra Financial Services Ltd. | 0.53% | 0.26% |
| Petronet LNG Ltd. | 0.53% | 0.26% |
| UNO Minda Ltd. | 0.52% | 0.26% |
| JSW Infrastructure Ltd. | 0.52% | 0.26% |
| Kalyan Jewellers India Ltd. | 0.52% | 0.26% |
| JK Cement Ltd. | 0.52% | 0.26% |
| Coromandel International Ltd. | 0.52% | 0.25% |
| Meesho Ltd. | 0.51% | 0.25% |
| Oberoi Realty Ltd. | 0.51% | 0.25% |
| Blue Star Ltd. | 0.48% | 0.24% |
| Tata Communications Ltd. | 0.48% | 0.24% |
| Nippon Life India Asset Management Ltd. | 0.48% | 0.23% |
| Exide Industries Ltd. | 0.46% | 0.23% |
| PI Industries Ltd. | 0.46% | 0.23% |
| Aster DM Quality Care Ltd. | 0.46% | 0.23% |
| Gujarat Fluorochemicals Ltd. | 0.46% | 0.23% |
| ITC Hotels Ltd. | 0.45% | 0.22% |
| ICICI Prudential Asset Management Company Ltd. | 0.45% | 0.22% |
| Hindustan Copper Ltd. | 0.45% | 0.22% |
| Jubilant Foodworks Ltd. | 0.44% | 0.22% |
| ICICI Prudential Life Insurance Company Ltd. | 0.43% | 0.22% |
| LG Electronics India Ltd. | 0.43% | 0.21% |
| SBI Cards & Payment Services Ltd. | 0.42% | 0.21% |
| Balkrishna Industries Ltd. | 0.42% | 0.21% |
| Ajanta Pharma Ltd. | 0.41% | 0.21% |
| Astral Ltd. | 0.41% | 0.20% |
| Adani Total Gas Ltd. | 0.41% | 0.20% |
| Bank of Maharashtra | 0.40% | 0.20% |
| LIC Housing Finance Ltd. | 0.39% | 0.19% |
| Motilal Oswal Financial Services Ltd. | 0.39% | 0.19% |
| Bank of India | 0.39% | 0.19% |
| Schaeffler India Ltd. | 0.39% | 0.19% |
| Container Corporation of India Ltd. | 0.38% | 0.19% |
| AIA Engineering Ltd. | 0.37% | 0.18% |
| Authum Investment & Infrastructure Ltd. | 0.36% | 0.18% |
| Abbott India Ltd. | 0.35% | 0.17% |
| Indian Railway Catering & Tourism Corporation Ltd. | 0.34% | 0.17% |
| Dalmia Bharat Ltd. | 0.33% | 0.16% |
| Linde India Ltd. | 0.33% | 0.16% |
| HDB Financial Services Ltd. | 0.32% | 0.16% |
| General Insurance Corporation of India | 0.32% | 0.16% |
| Thermax Ltd. | 0.32% | 0.16% |
| Berger Paints India Ltd. | 0.32% | 0.16% |
| Cochin Shipyard Ltd. | 0.31% | 0.16% |
| Premier Energies Ltd | 0.31% | 0.16% |
| Patanjali Foods Ltd. | 0.31% | 0.15% |
| Narayana Hrudayalaya Ltd. | 0.30% | 0.15% |
| K.P.R. Mill Ltd. | 0.30% | 0.15% |
| Global Health Ltd. | 0.30% | 0.15% |
| Glaxosmithkline Pharmaceuticals Ltd. | 0.28% | 0.14% |
| Rail Vikas Nigam Ltd. | 0.28% | 0.14% |
| CRISIL Ltd. | 0.27% | 0.13% |
| Bharti Hexacom Ltd. | 0.26% | 0.13% |
| Bharat Dynamics Ltd. | 0.25% | 0.13% |
| NLC India Ltd. | 0.23% | 0.12% |
| Anthem Biosciences Ltd. | 0.23% | 0.12% |
| Endurance Technologies Ltd. | 0.23% | 0.11% |
| Bajaj Housing Finance Ltd. | 0.22% | 0.11% |
| Escorts Kubota Ltd. | 0.22% | 0.11% |
| L&T Technology Services Ltd. | 0.22% | 0.11% |
| Indian Renewable Energy Development Agency Ltd. | 0.22% | 0.11% |
| NTPC Green Energy Ltd. | 0.21% | 0.11% |
| United Breweries Ltd. | 0.21% | 0.10% |
| Housing and Urban Development Corporation Ltd. | 0.21% | 0.10% |
| Tata Investment Corporation Ltd. | 0.20% | 0.10% |
| Godfrey Phillips India Ltd. | 0.19% | 0.10% |
| Hexaware Technologies Ltd. | 0.18% | 0.09% |
| Fertilisers And Chemicals Travancore Ltd. | 0.12% | 0.06% |
| Indian Overseas Bank | 0.11% | 0.05% |
| Godrej Industries Ltd. | 0.11% | 0.05% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 49.8% means 49.8% 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 Nifty Midcap 150 Index Fund
Every holding of this fund is also held by the other.
Largest holdings only in Zerodha Nifty MidSmallcap400 50:50 Index Fund
| Security | % of fund |
|---|---|
| Sona BLW Precision Forgings Limited | 0.84% |
| WELSPUN CORP LTD | 0.81% |
| Karur Vysya Bank Limited | 0.69% |
| Navin Fluorine International Limited | 0.68% |
| Ather Energy Limited | 0.61% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Nifty Midcap 150 Index | Zerodha Nifty MidSmallcap400 50:50 Index |
|---|---|---|
| Equity | 99.0% | 97.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.0% | 2.3% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Nifty Midcap 150 Index | Zerodha Nifty MidSmallcap400 50:50 Index |
|---|---|---|
| Large Cap | 5.7% | 2.9% |
| Mid Cap | 90.8% | 46.6% |
| Small Cap | 2.5% | 47.9% |
| Not on AMFI's list | 0.0% | 0.5% |
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 Midcap 150 Index | Zerodha Nifty MidSmallcap400 50:50 Index |
|---|---|---|
| Pharmaceuticals & Biotechnology | 9.1% | 8.4% |
| Banks | 8.7% | 6.9% |
| Finance | 6.8% | 7.3% |
| Auto Components | 4.6% | 6.5% |
| Electrical Equipment | 6.0% | 4.3% |
| Industrial Products | 3.0% | 5.7% |
| Retailing | 5.6% | 3.4% |
| Capital Markets | 4.7% | 5.0% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Nifty Midcap 150 Index vs Zerodha Nifty MidSmallcap400 50:50 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Nifty Midcap 150 Index Fund | Zerodha Nifty MidSmallcap400 50:50 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.49% | 0.86% |
| Base expense ratio (Direct) | 0.34% | 0.25% |
| Total expense ratio (Regular) | 1.04% | Not available |
| Base expense ratio (Regular) | 0.82% | 0.00% |
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 Midcap 150 Index Fund vs Zerodha Nifty MidSmallcap400 50:50 Index Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Nifty Midcap 150 Index Fund and Zerodha Nifty MidSmallcap400 50:50 Index Fund?
Aditya Birla Sun Life Nifty Midcap 150 Index Fund is an Index fund, Zerodha Nifty MidSmallcap400 50:50 Index Fund is an Index fund, run by Aditya Birla Sun Life Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 49.8%. Aditya Birla Sun Life Nifty Midcap 150 Index Fund charges 0.49% a year and Zerodha Nifty MidSmallcap400 50:50 Index Fund 0.86%.
Which has the lower expense ratio, Aditya Birla Sun Life Nifty Midcap 150 Index Fund or Zerodha Nifty MidSmallcap400 50:50 Index Fund?
Aditya Birla Sun Life Nifty Midcap 150 Index Fund charges less: 0.49% a year against 0.86%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Nifty Midcap 150 Index Fund and Zerodha Nifty MidSmallcap400 50:50 Index Fund overlap?
49.8%. They hold 150 of the same securities, the largest shared ones being MCX, FEDERALBNK, LAURUSLABS. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Nifty Midcap 150 Index Fund or Zerodha Nifty MidSmallcap400 50:50 Index Fund?
On SEBI's riskometer, Aditya Birla Sun Life Nifty Midcap 150 Index Fund is rated Very High and Zerodha Nifty MidSmallcap400 50:50 Index Fund Very High. Over their common history, the standard deviation of daily returns was 16.51% and 14.76% a year.
Can I invest in both Aditya Birla Sun Life Nifty Midcap 150 Index Fund and Zerodha Nifty MidSmallcap400 50:50 Index Fund?
Yes. 49.8% 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 Nifty Midcap 150 Index Fund and Zerodha Nifty MidSmallcap400 50:50 Index Fund?
Aditya Birla Sun Life Nifty Midcap 150 Index Fund: Priya Sridhar, Mehul Dama. Zerodha Nifty MidSmallcap400 50:50 Index Fund: Kedarnath Mirajkar.
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.