AlphaGrep Flexi Cap Fund vs Mirae Asset Nifty500 Multicap 50:25:25 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
AlphaGrep Flexi Cap Fund is a Flexi Cap fund and Mirae Asset Nifty500 Multicap 50:25:25 ETF is an ETF fund. AlphaGrep Flexi Cap Fund charges 2.80% a year and Mirae Asset Nifty500 Multicap 50:25:25 ETF 0.26%. Their portfolios overlap 24.3%: they hold 143 of the same securities.
Mirae Asset Nifty500 Multicap 50:25:25 ETF
ETF
- Expense ratio
- 0.26%
- NAV
- ₹15.64
Which is better, AlphaGrep Flexi Cap or Mirae Asset Nifty500 Multicap 50:25:25 ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Mirae Asset Nifty500 Multicap 50:25:25 ETF costs less: 0.26% a year against 2.80%.
- AlphaGrep Flexi Cap fell less in its worst fall since 13-08-2026: −7.6% against −9.9%.
- Mirae Asset Nifty500 Multicap 50:25:25 ETF holds more in large companies: 50.4% of the fund in large caps against 16.7%.
- Mirae Asset Nifty500 Multicap 50:25:25 ETF is the larger fund: ₹88 Cr against ₹80 Cr.
- Their portfolios overlap 24.3%: 143 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 | AlphaGrep Flexi Cap Fund | Mirae Asset Nifty500 Multicap 50:25:25 ETF |
|---|---|---|
| Fund house | AlphaGrep Mutual Fund | Mirae Asset Mutual Fund |
| Category | Flexi Cap | ETF |
| AUM | ₹80 Cr (30-09-2026) | ₹88 Cr (30-09-2026) |
| NAV | ₹9.59 (Direct) | ₹15.64 |
| Expense ratio (Direct) | 2.80% | Not available |
| Expense ratio (Regular) | 4.66% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | NIFTY 500 Multicap 50:25:25 Total Return Index |
| Launch date | 11-08-2026 | 30-07-2024 |
| Minimum investment | ₹500 | On exchange in multiple of 1 unit. With AMC: In multiples of 6,00,000 units |
| Lock in | None | None |
| Fund managers | Ravneet Singh | Ekta Gala, amp, Ritesh Patel |
| Exit load | Exit load of 1%, if redeemed within 15 Days. | NIL |
AlphaGrep Flexi Cap vs Mirae Asset Nifty500 Multicap 50:25:25 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 |
|---|---|---|---|---|---|---|---|
| AlphaGrep Flexi Cap Fund (Direct) | −3.35% | -- | -- | -- | -- | -- | -- |
| Mirae Asset Nifty500 Multicap 50:25:25 ETF | −1.86% | −6.25% | −2.33% | −6.23% | -- | -- | -- |
| Flexi Cap average | −1.62% | -- | -- | -- | -- | -- | -- |
Category average: the average of the 46 Flexi Cap funds, same plan type.
AlphaGrep Flexi Cap vs Mirae Asset Nifty500 Multicap 50:25:25 ETF: Year-wise Returns
| Year | AlphaGrep Flexi CapAlphaGrep Flexi Cap | Mirae Asset Nifty500 Multicap 50:25:25 ETFMirae Asset Nifty500 Multicap 50:25:25 ETF |
|---|---|---|
| 2026to date | -- | −5.72% |
| 2025 | -- | +5.08% |
AlphaGrep Flexi Cap vs Mirae Asset Nifty500 Multicap 50:25:25 ETF: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of AlphaGrep Flexi Cap Fund
AlphaGrep Flexi Cap vs Mirae Asset Nifty500 Multicap 50:25:25 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | AlphaGrep Flexi Cap Fund (Direct) | Mirae Asset Nifty500 Multicap 50:25:25 ETF |
|---|---|---|
| Return (CAGR) | −22.07% | −2.73% |
| Standard deviation | 11.03% | 14.87% |
| Sharpe ratio | -2.48 | -0.57 |
| Sortino ratio | -2.84 | -0.76 |
| Maximum drawdown | −7.6% (23-10-2026) | −19.9% (03-03-2025) |
| Beta | 0.83 | 1.00 |
| Alpha | +1.93% | −0.26% |
From daily NAVs, 13-08-2026 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.
AlphaGrep Flexi Cap Fund (Direct)
Mirae Asset Nifty500 Multicap 50:25:25 ETF
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| AlphaGrep Flexi Cap Fund (Direct) | −7.6% | 28-08-2026 | 23-10-2026 | Not yet | -- | −6.0% |
| Mirae Asset Nifty500 Multicap 50:25:25 ETF | −9.9% | 13-08-2026 | 23-10-2026 | Not yet | -- | −7.9% |
| Nifty 500 TRI | −9.3% | 13-08-2026 | 23-10-2026 | Not yet | -- | −7.4% |
From daily values since 13-08-2026, the first day every fund has.
AlphaGrep Flexi Cap vs Mirae Asset Nifty500 Multicap 50:25:25 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: AlphaGrep Flexi Cap Fund, September 2026; Mirae Asset Nifty500 Multicap 50:25:25 ETF, September 2026
Holdings in common
- Overlap
- 24.3%
- Held by both
- 143
- Only in AlphaGrep Flexi Cap
- 20
- Only in Mirae Asset Nifty500 Multicap 50:25:25 ETF
- 356
| Security | % of AlphaGrep Flexi Cap | % of Mirae Asset Nifty500 Multicap 50:25:25 ETF |
|---|---|---|
| Larsen & Toubro Ltd. | 0.95% | 1.70% |
| Mahindra & Mahindra Ltd. | 0.81% | 1.02% |
| Sun Pharmaceutical Industries Ltd. | 1.20% | 0.74% |
| NTPC Ltd. | 1.24% | 0.59% |
| Bharat Electronics Ltd. | 1.58% | 0.54% |
| Ultratech Cement Ltd. | 0.48% | 0.50% |
| JSW Steel Ltd. | 1.16% | 0.47% |
| Grasim Industries Ltd. | 0.62% | 0.45% |
| Coal India Ltd. | 0.61% | 0.39% |
| AU Small Finance Bank Ltd. | 0.77% | 0.36% |
| Karur Vysya Bank Ltd. | 1.10% | 0.35% |
| Dixon Technologies (India) Ltd. | 1.46% | 0.33% |
| Laurus Labs Ltd. | 0.32% | 0.47% |
| Lupin Ltd. | 0.97% | 0.30% |
| Hero MotoCorp Ltd. | 0.30% | 0.42% |
| Dr. Reddy's Laboratories Ltd. | 1.03% | 0.29% |
| Info Edge (India) Ltd. | 0.34% | 0.29% |
| Samvardhana Motherson International Ltd. | 0.33% | 0.28% |
| Redington Ltd. | 0.32% | 0.27% |
| The Federal Bank Ltd. | 0.27% | 0.48% |
| Bharat Forge Ltd. | 0.26% | 0.33% |
| Gland Pharma Ltd. | 0.37% | 0.26% |
| GE Vernova T&D India Ltd. | 0.26% | 0.32% |
| Vedanta Aluminium Metal Ltd. | 0.25% | 0.27% |
| City Union Bank Ltd. | 0.27% | 0.25% |
| United Spirits Ltd. | 0.26% | 0.25% |
| Indus Towers Ltd. | 0.24% | 0.29% |
| Tata Consumer Products Ltd. | 0.99% | 0.24% |
| Swiggy Ltd. | 0.37% | 0.23% |
| RBL Bank Ltd. | 0.23% | 0.28% |
| CG Power and Industrial Solutions Ltd. | 0.77% | 0.23% |
| Asian Paints Ltd. | 0.23% | 0.42% |
| Max Financial Services Ltd. | 0.24% | 0.22% |
| AnandRathi Wealth Ltd. | 1.15% | 0.22% |
| HDFC Life Insurance Company Ltd. | 0.23% | 0.22% |
| Kirloskar Oil Engines Ltd. | 1.50% | 0.22% |
| Delhivery Ltd. | 0.21% | 0.28% |
| Fortis Healthcare Ltd. | 0.21% | 0.25% |
| Lodha Developers Ltd. | 0.33% | 0.21% |
| TD Power Systems Ltd. | 1.18% | 0.20% |
| Aditya Birla Capital Ltd. | 0.54% | 0.20% |
| Indian Oil Corporation Ltd. | 0.21% | 0.20% |
| Sai Life Sciences Ltd. | 0.19% | 0.24% |
| National Aluminium Company Ltd. | 0.39% | 0.19% |
| Aurobindo Pharma Ltd. | 0.18% | 0.28% |
| Sundaram Finance Ltd. | 0.48% | 0.18% |
| Bharat Heavy Electricals Ltd. | 0.18% | 0.37% |
| HDFC Asset Management Co. Ltd. | 0.53% | 0.18% |
| Poonawalla Fincorp Ltd. | 0.90% | 0.18% |
| Pidilite Industries Ltd. | 0.82% | 0.18% |
| KEI Industries Ltd. | 0.21% | 0.17% |
| DLF Ltd. | 0.67% | 0.17% |
| 360 ONE WAM Ltd. | 0.58% | 0.17% |
| Adani Green Energy Ltd. | 0.28% | 0.17% |
| UPL Ltd. | 0.16% | 0.19% |
| Steel Authority of India Ltd. | 0.55% | 0.16% |
| Lloyds Metals And Energy Ltd. | 0.49% | 0.16% |
| Havells India Ltd. | 0.46% | 0.16% |
| Cholamandalam Financial Holdings Ltd. | 0.51% | 0.15% |
| Bharti Airtel Ltd. | 0.15% | 2.07% |
| PTC Industries Ltd. | 0.38% | 0.15% |
| Punjab National Bank | 0.16% | 0.15% |
| Hitachi Energy India Ltd. | 0.86% | 0.15% |
| Jindal Stainless Ltd. | 0.43% | 0.14% |
| Page Industries Ltd. | 0.20% | 0.14% |
| Bharat Petroleum Corporation Ltd. | 0.14% | 0.24% |
| Tata Technologies Ltd. | 0.59% | 0.14% |
| Dabur India Ltd. | 0.13% | 0.14% |
| Petronet LNG Ltd. | 0.19% | 0.13% |
| UNO Minda Ltd. | 0.13% | 0.13% |
| Timken India Ltd. | 0.26% | 0.13% |
| Syrma SGS Technology Ltd. | 0.12% | 0.16% |
| Kaynes Technology India Ltd. | 0.31% | 0.12% |
| Eicher Motors Ltd. | 0.12% | 0.38% |
| Blue Star Ltd. | 0.47% | 0.12% |
| The Ramco Cements Ltd. | 0.47% | 0.12% |
| ZF Commercial Vehicle Control Systems India Ltd. | 1.01% | 0.12% |
| Tata Communications Ltd. | 0.27% | 0.12% |
| Deepak Nitrite Ltd. | 0.19% | 0.12% |
| Indraprastha Gas Ltd. | 1.05% | 0.12% |
| PI Industries Ltd. | 0.27% | 0.11% |
| Aster DM Quality Care Ltd. | 0.78% | 0.11% |
| Kajaria Ceramics Ltd. | 0.21% | 0.11% |
| Gujarat Fluorochemicals Ltd. | 0.74% | 0.11% |
| Hyundai Motor India Ltd. | 0.92% | 0.11% |
| AWL Agri Business Ltd. | 0.41% | 0.11% |
| Sagility Ltd. | 0.17% | 0.11% |
| Jubilant Foodworks Ltd. | 0.24% | 0.11% |
| Prestige Estates Projects Ltd. | 0.11% | 0.15% |
| Siemens Energy India Ltd. | 0.24% | 0.11% |
| AFFLE 3I Ltd. | 0.56% | 0.11% |
| Capri Global Capital Ltd. | 0.26% | 0.11% |
| Castrol India Ltd. | 0.40% | 0.11% |
| Balkrishna Industries Ltd. | 0.88% | 0.10% |
| HBL Engineering Ltd. | 0.38% | 0.10% |
| PVR Inox Ltd. | 0.85% | 0.10% |
| Jyoti CNC Automation Ltd. | 0.26% | 0.10% |
| LIC Housing Finance Ltd. | 0.11% | 0.10% |
| Motherson Sumi Wiring India Ltd. | 0.85% | 0.10% |
| Schaeffler India Ltd. | 0.13% | 0.10% |
| Engineers India Ltd. | 0.59% | 0.10% |
| Ola Electric Mobility Ltd. | 0.71% | 0.10% |
| BEML Ltd. | 1.34% | 0.09% |
| Emami Ltd. | 0.42% | 0.08% |
| Zen Technologies Ltd. | 0.15% | 0.08% |
| Aditya Birla Sun Life Amc Ltd. | 0.79% | 0.08% |
| Ramkrishna Forgings Ltd. | 0.20% | 0.08% |
| Honeywell Automation India Ltd. | 0.12% | 0.08% |
| Syngene International Ltd. | 0.47% | 0.08% |
| Premier Energies Ltd | 1.18% | 0.08% |
| IRB Infrastructure Developers Ltd. | 0.96% | 0.08% |
| Narayana Hrudayalaya Ltd. | 0.31% | 0.08% |
| Titagarh Rail Systems Ltd. | 0.67% | 0.07% |
| Honasa Consumer Ltd. | 0.61% | 0.07% |
| Triveni Turbine Ltd. | 0.57% | 0.07% |
| Can Fin Homes Ltd. | 0.38% | 0.07% |
| Mahanagar Gas Ltd. | 1.01% | 0.07% |
| Sun TV Network Ltd. | 1.26% | 0.07% |
| Bharti Hexacom Ltd. | 0.12% | 0.07% |
| TBO Tek Ltd. | 0.51% | 0.07% |
| Minda Corporation Ltd. | 0.31% | 0.06% |
| Intellect Design Arena Ltd. | 0.17% | 0.06% |
| LT Foods Ltd. | 0.29% | 0.06% |
| Jubilant Ingrevia Ltd. | 0.29% | 0.06% |
| Sumitomo Chemical India Ltd. | 0.22% | 0.06% |
| NLC India Ltd. | 0.46% | 0.06% |
| Tenneco Clean Air India Ltd. | 0.41% | 0.06% |
| Endurance Technologies Ltd. | 0.69% | 0.06% |
| CIE Automotive India Ltd. | 1.95% | 0.06% |
| KEC International Ltd. | 0.26% | 0.06% |
| Indian Renewable Energy Development Agency Ltd. | 0.33% | 0.05% |
| NMDC Steel Ltd. | 0.28% | 0.05% |
| Aadhar Housing Finance Ltd. | 0.38% | 0.05% |
| NTPC Green Energy Ltd. | 0.83% | 0.05% |
| Concord Biotech Ltd. | 0.37% | 0.05% |
| KSB Ltd. | 0.41% | 0.05% |
| Elecon Engineering Company Ltd. | 0.58% | 0.05% |
| Anupam Rasayan India Ltd. | 0.18% | 0.04% |
| Nuvoco Vistas Corporation Ltd. | 0.17% | 0.04% |
| Trident Ltd. | 0.13% | 0.03% |
| UCO Bank | 0.14% | 0.03% |
| Indian Overseas Bank | 0.35% | 0.03% |
| Afcons Infrastructure Ltd. | 0.01% | 0.04% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 24.3% means 24.3% 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 AlphaGrep Flexi Cap Fund
| Security | % of fund |
|---|---|
| DSP Mutual Fund - DSP Gold ETF | 3.81% |
| 91 DAY T-BILL 24.12.26 | 1.78% |
| Niva Bupa Health Insurance Company Ltd. | 1.41% |
| Century Plyboards (India) Ltd. | 1.13% |
| Sterlite Technologies Ltd. | 0.89% |
Largest holdings only in Mirae Asset Nifty500 Multicap 50:25:25 ETF
| Security | % of fund |
|---|---|
| HDFC Bank Ltd. | 4.20% |
| ICICI Bank Ltd. | 3.67% |
| Reliance Industries Ltd. | 3.07% |
| State Bank of India | 1.53% |
| Axis Bank Ltd. | 1.36% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | AlphaGrep Flexi Cap | Mirae Asset Nifty500 Multicap 50:25:25 ETF |
|---|---|---|
| Equity | 81.5% | 98.9% |
| Debt | 1.8% | 0.0% |
| Cash and others | 16.8% | 1.1% |
Market cap of stocks
| Market cap | AlphaGrep Flexi Cap | Mirae Asset Nifty500 Multicap 50:25:25 ETF |
|---|---|---|
| Large Cap | 16.7% | 50.4% |
| Mid Cap | 21.7% | 24.3% |
| Small Cap | 41.8% | 24.0% |
| Not on AMFI's list | 1.2% | 0.3% |
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 | AlphaGrep Flexi Cap | Mirae Asset Nifty500 Multicap 50:25:25 ETF |
|---|---|---|
| Banks | 3.3% | 16.0% |
| Auto Components | 7.6% | 3.7% |
| Finance | 4.2% | 6.7% |
| Pharmaceuticals & Biotechnology | 6.1% | 6.4% |
| Electrical Equipment | 5.8% | 2.9% |
| IT - Software | 0.2% | 4.9% |
| Consumer Durables | 4.8% | 2.9% |
| Automobiles | 2.9% | 4.1% |
| Petroleum Products | 0.8% | 3.9% |
| Industrial Products | 3.5% | 3.3% |
The six largest sectors of each fund's stocks, % of the fund.
AlphaGrep Flexi Cap vs Mirae Asset Nifty500 Multicap 50:25:25 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | AlphaGrep Flexi Cap Fund | Mirae Asset Nifty500 Multicap 50:25:25 ETF |
|---|---|---|
| Total expense ratio (Direct) | 2.80% | Not available |
| Base expense ratio (Direct) | 0.50% | 0.00% |
| Total expense ratio (Regular) | 4.66% | Not available |
| Base expense ratio (Regular) | 2.08% | 0.13% |
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
AlphaGrep Flexi Cap Fund vs Mirae Asset Nifty500 Multicap 50:25:25 ETF: Frequently Asked Questions
What is the difference between AlphaGrep Flexi Cap Fund and Mirae Asset Nifty500 Multicap 50:25:25 ETF?
AlphaGrep Flexi Cap Fund is a Flexi Cap fund, Mirae Asset Nifty500 Multicap 50:25:25 ETF is an ETF fund, run by AlphaGrep Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 24.3%. AlphaGrep Flexi Cap Fund charges 2.80% a year and Mirae Asset Nifty500 Multicap 50:25:25 ETF 0.26%.
Which has the lower expense ratio, AlphaGrep Flexi Cap Fund or Mirae Asset Nifty500 Multicap 50:25:25 ETF?
Mirae Asset Nifty500 Multicap 50:25:25 ETF charges less: 0.26% a year against 2.80%. These are the total expense ratios reported to AMFI.
How much do AlphaGrep Flexi Cap Fund and Mirae Asset Nifty500 Multicap 50:25:25 ETF overlap?
24.3%. They hold 143 of the same securities, the largest shared ones being LT, M&M, SUNPHARMA. From each fund's latest monthly portfolio.
Which is riskier, AlphaGrep Flexi Cap Fund or Mirae Asset Nifty500 Multicap 50:25:25 ETF?
On SEBI's riskometer, AlphaGrep Flexi Cap Fund is rated Very High and Mirae Asset Nifty500 Multicap 50:25:25 ETF Very High. Over their common history, the standard deviation of daily returns was 11.03% and 14.87% a year.
Can I invest in both AlphaGrep Flexi Cap Fund and Mirae Asset Nifty500 Multicap 50:25:25 ETF?
Yes. 24.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages AlphaGrep Flexi Cap Fund and Mirae Asset Nifty500 Multicap 50:25:25 ETF?
AlphaGrep Flexi Cap Fund: Ravneet Singh. Mirae Asset Nifty500 Multicap 50:25:25 ETF: Ekta Gala, amp, Ritesh Patel.
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.