Axis Nifty 500 Index Fund vs Mirae Asset Nifty Total Market Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Nifty 500 Index Fund is an Index fund and Mirae Asset Nifty Total Market Index Fund is an Index fund. In the year to 30-10-2026, Axis Nifty 500 Index Fund (Direct) returned −7.6% and Mirae Asset Nifty Total Market Index Fund (Direct) returned −6.9%. Axis Nifty 500 Index Fund charges 0.17% a year and Mirae Asset Nifty Total Market Index Fund 0.35% (Direct plans). Their portfolios overlap 95.4%: they hold 500 of the same securities.
Axis Nifty 500 Index Fund
Index
- 1 year return
- −7.6%
- Expense ratio
- 0.17%
- NAV
- ₹9.63
Mirae Asset Nifty Total Market Index Fund
Index
- 1 year return
- −6.9%
- Expense ratio
- 0.35%
- NAV
- ₹9.86
Which is better, Axis Nifty 500 Index or Mirae Asset Nifty Total Market Index? 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 Nifty Total Market Index returned more over 1 year: −6.9% against −7.6%.
- Axis Nifty 500 Index costs less: 0.17% a year against 0.35% (Direct plans).
- Axis Nifty 500 Index fell less in its worst fall since 29-10-2024: −14.9% against −15.2%.
- Axis Nifty 500 Index is the larger fund: ₹314 Cr against ₹49 Cr.
- Their portfolios overlap 95.4%: 500 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 | Axis Nifty 500 Index Fund | Mirae Asset Nifty Total Market Index Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Mirae Asset Mutual Fund |
| Category | Index | Index |
| AUM | ₹314 Cr (30-09-2026) | ₹49 Cr (30-09-2026) |
| NAV | ₹9.63 (Direct) | ₹9.86 (Direct) |
| Expense ratio (Direct) | 0.17% | 0.35% |
| Expense ratio (Regular) | 1.11% | 0.99% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty Total Market TRI |
| Launch date | 12-07-2024 | 28-10-2024 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Nandik Malik, Rohit Gautam | Ekta Gala, amp, Ritesh Patel |
| Exit load | Exit load of 0.25%, if redeemed within 15 days. | Nil |
Axis Nifty 500 Index vs Mirae Asset Nifty Total Market 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 |
|---|---|---|---|---|---|---|---|
| Axis Nifty 500 Index Fund (Direct) | −0.76% | −6.09% | −2.91% | −7.64% | -- | -- | -- |
| Mirae Asset Nifty Total Market Index Fund (Direct) | −0.77% | −5.65% | −2.29% | −6.93% | -- | -- | -- |
Axis Nifty 500 Index vs Mirae Asset Nifty Total Market Index: Year-wise Returns
| Year | Axis Nifty 500Axis Nifty 500 Index | Mirae Asset Nifty Total MarketMirae Asset Nifty Total Market Index |
|---|---|---|
| 2026to date | −7.79% | −6.86% |
| 2025 | +7.73% | +6.77% |
Axis Nifty 500 Index vs Mirae Asset Nifty Total Market Index: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Axis Nifty 500 Index Fund
Rolling returns
Every 1-year holding period, 251 of them, one for each trading day from 29-10-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Axis Nifty 500 Index Fund (Direct)
Mirae Asset Nifty Total Market Index Fund (Direct)
Nifty 500 TRI
to
Nov 2025Jan 2025
to
Jan 2026Mar 2025
to
Mar 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis Nifty 500 Index | 26.7 | 30.7 | 30.7 | 9.6 | 2.4 | 0.0 | 0.0 | 3.7% | 3.4% | −9.3% | 17.5% | 0% |
| Mirae Asset Nifty Total Market Index | 25.5 | 32.4 | 33.2 | 7.7 | 1.2 | 0.0 | 0.0 | 3.5% | 3.2% | −8.5% | 15.2% | 21% |
| Nifty 500 TRI | 23.5 | 32.3 | 32.3 | 9.2 | 2.8 | 0.0 | 0.0 | 3.9% | 3.6% | −9.0% | 17.6% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty 500 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 29-10-2024. Past returns do not promise future returns.
Axis Nifty 500 Index vs Mirae Asset Nifty Total Market Index: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-10-2024 to 30-10-2026: 25 instalments, ₹2,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis Nifty 500 IndexAxis Nifty 500 Index Fund (Direct) | ₹2,50,000 | ₹2,43,879 | −₹6,121 | −2.3% |
| Mirae Asset Nifty Total Market IndexMirae Asset Nifty Total Market Index Fund (Direct) | ₹2,50,000 | ₹2,45,875 | −₹4,125 | −1.5% |
Axis Nifty 500 IndexAxis Nifty 500 Index Fund (Direct)
Mirae Asset Nifty Total Market IndexMirae Asset Nifty Total Market Index Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Axis Nifty 500 Index vs Mirae Asset Nifty Total Market Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Nifty 500 Index Fund (Direct) | Mirae Asset Nifty Total Market Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.64% | −6.93% |
| Standard deviation | 14.37% | 14.50% |
| Sharpe ratio | -0.90 | -0.84 |
| Sortino ratio | -1.19 | -1.12 |
| Maximum drawdown | −14.9% (30-03-2026) | −14.8% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.31% | +0.05% |
From daily NAVs, 30-10-2025 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.
| Measure | Axis Nifty 500 Index Fund (Direct) | Mirae Asset Nifty Total Market Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −1.76% | −1.06% |
| Standard deviation | 14.00% | 14.19% |
| Sharpe ratio | -0.54 | -0.47 |
| Sortino ratio | -0.72 | -0.64 |
| Maximum drawdown | −18.6% (28-02-2025) | −15.2% (28-02-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.20% | −0.11% |
From daily NAVs, 16-07-2024 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.
Axis Nifty 500 Index Fund (Direct)
Mirae Asset Nifty Total Market Index Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Nifty 500 Index Fund (Direct) | −14.9% | 02-01-2026 | 30-03-2026 | Not yet | -- | −8.7% |
| Mirae Asset Nifty Total Market Index Fund (Direct) | −15.2% | 11-12-2024 | 28-02-2025 | 26-06-2025 | 4 months | −7.7% |
| Nifty 500 TRI | −14.7% | 13-12-2024 | 28-02-2025 | 09-06-2025 | 3 months | −8.4% |
From daily values since 29-10-2024, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Nifty 500 Index Fund (Direct)
Mirae Asset Nifty Total Market Index Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis Nifty 500 Index Fund (Direct) | 100% | 101% | 0.12% |
| Mirae Asset Nifty Total Market Index Fund (Direct) | 101% | 101% | 0.52% |
From month-end values since 29-10-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Axis Nifty 500 Index vs Mirae Asset Nifty Total Market Index: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Nifty 500 Index Fund, September 2026; Mirae Asset Nifty Total Market Index Fund, September 2026
Holdings in common
- Overlap
- 95.4%
- Held by both
- 500
- Only in Axis Nifty 500 Index
- 0
- Only in Mirae Asset Nifty Total Market Index
- 251
| Security | % of Axis Nifty 500 Index | % of Mirae Asset Nifty Total Market Index |
|---|---|---|
| HDFC Bank Limited | 5.67% | 5.41% |
| ICICI Bank Limited | 4.94% | 4.72% |
| Reliance Industries Limited | 4.14% | 3.95% |
| Bharti Airtel Limited | 2.79% | 2.66% |
| Larsen & Toubro Limited | 2.30% | 2.19% |
| State Bank of India | 2.07% | 1.97% |
| Axis Bank Limited | 1.84% | 1.75% |
| Infosys Limited | 1.83% | 1.75% |
| Kotak Mahindra Bank Limited | 1.60% | 1.53% |
| Mahindra & Mahindra Limited | 1.37% | 1.31% |
| Bajaj Finance Limited | 1.37% | 1.30% |
| ITC Limited | 1.32% | 1.26% |
| Eternal Limited | 1.21% | 1.15% |
| Tata Consultancy Services Limited | 1.09% | 1.04% |
| Sun Pharmaceutical Industries Limited | 1.00% | 0.96% |
| Titan Company Limited | 0.99% | 0.94% |
| Hindustan Unilever Limited | 0.87% | 0.83% |
| Maruti Suzuki India Limited | 0.81% | 0.77% |
| NTPC Limited | 0.80% | 0.76% |
| Tata Steel Limited | 0.80% | 0.76% |
| Adani Ports and Special Economic Zone Limited | 0.74% | 0.70% |
| Bharat Electronics Limited | 0.73% | 0.69% |
| Shriram Finance Limited | 0.72% | 0.69% |
| Hindalco Industries Limited | 0.71% | 0.68% |
| UltraTech Cement Limited | 0.68% | 0.65% |
| HCL Technologies Limited | 0.68% | 0.65% |
| BSE Limited | 0.66% | 0.63% |
| JSW Steel Limited | 0.63% | 0.60% |
| Bajaj Auto Limited | 0.62% | 0.59% |
| Divi's Laboratories Limited | 0.62% | 0.59% |
| Power Grid Corporation of India Limited | 0.62% | 0.59% |
| Grasim Industries Limited | 0.60% | 0.58% |
| InterGlobe Aviation Limited | 0.59% | 0.56% |
| Asian Paints Limited | 0.57% | 0.54% |
| Coal India Limited | 0.53% | 0.51% |
| Bajaj Finserv Limited | 0.52% | 0.50% |
| Eicher Motors Limited | 0.51% | 0.49% |
| Adani Enterprises Limited | 0.51% | 0.49% |
| Tech Mahindra Limited | 0.50% | 0.48% |
| TVS Motor Company Limited | 0.50% | 0.48% |
| Nestle India Limited | 0.49% | 0.47% |
| Hindustan Aeronautics Limited | 0.46% | 0.44% |
| Tata Motors Ltd | 0.46% | 0.44% |
| Oil & Natural Gas Corporation Limited | 0.46% | 0.44% |
| Trent Limited | 0.45% | 0.43% |
| Adani Power Limited | 0.44% | 0.42% |
| Multi Commodity Exchange of India Limited | 0.44% | 0.42% |
| Apollo Hospitals Enterprise Limited | 0.44% | 0.42% |
| The Federal Bank Limited | 0.41% | 0.39% |
| Laurus Labs Limited | 0.40% | 0.38% |
| SBI Life Insurance Company Limited | 0.40% | 0.38% |
| Cipla Limited | 0.40% | 0.38% |
| Dr. Reddy's Laboratories Limited | 0.39% | 0.37% |
| One 97 Communications Limited | 0.38% | 0.36% |
| Samvardhana Motherson International Limited | 0.38% | 0.36% |
| Jio Financial Services Limited | 0.37% | 0.35% |
| Torrent Pharmaceuticals Limited | 0.37% | 0.35% |
| Cholamandalam Investment and Finance Company Ltd | 0.37% | 0.35% |
| Vedanta Aluminium Metal Limited | 0.37% | 0.35% |
| Max Healthcare Institute Limited | 0.36% | 0.34% |
| Hero MotoCorp Limited | 0.35% | 0.34% |
| Cummins India Limited | 0.34% | 0.32% |
| The Indian Hotels Company Limited | 0.33% | 0.32% |
| Tata Consumer Products Limited | 0.32% | 0.31% |
| Avenue Supermarts Limited | 0.32% | 0.31% |
| Coforge Limited | 0.32% | 0.30% |
| Bharat Petroleum Corporation Limited | 0.32% | 0.30% |
| Bharat Heavy Electricals Limited | 0.32% | 0.30% |
| Tata Power Company Limited | 0.31% | 0.30% |
| IndusInd Bank Limited | 0.31% | 0.30% |
| Tata Motors Passenger Vehicles Limited | 0.31% | 0.30% |
| Varun Beverages Limited | 0.31% | 0.29% |
| AU Small Finance Bank Limited | 0.31% | 0.29% |
| CG Power and Industrial Solutions Limited | 0.31% | 0.29% |
| Persistent Systems Limited | 0.30% | 0.29% |
| Britannia Industries Limited | 0.30% | 0.28% |
| HDFC Life Insurance Company Limited | 0.29% | 0.28% |
| Dixon Technologies (India) Limited | 0.28% | 0.27% |
| IDFC First Bank Limited | 0.28% | 0.27% |
| Bharat Forge Limited | 0.28% | 0.27% |
| GE Vernova T&D India Limited | 0.27% | 0.26% |
| Indian Oil Corporation Limited | 0.26% | 0.25% |
| Lenskart Solutions Limited | 0.26% | 0.25% |
| Life Insurance Corporation Of India | 0.26% | 0.25% |
| Lupin Limited | 0.26% | 0.25% |
| Suzlon Energy Limited | 0.25% | 0.24% |
| Indus Towers Limited | 0.25% | 0.24% |
| Solar Industries India Limited | 0.25% | 0.24% |
| Power Finance Corporation Limited | 0.25% | 0.24% |
| Info Edge (India) Limited | 0.25% | 0.24% |
| Bajaj Holdings & Investment Limited | 0.24% | 0.23% |
| HDFC Asset Management Company Limited | 0.24% | 0.23% |
| Aurobindo Pharma Limited | 0.24% | 0.23% |
| GAIL (India) Limited | 0.24% | 0.23% |
| Vedanta Limited | 0.24% | 0.23% |
| Pidilite Industries Limited | 0.24% | 0.23% |
| Ashok Leyland Limited | 0.23% | 0.22% |
| FSN E-Commerce Ventures Limited | 0.23% | 0.22% |
| DLF Limited | 0.23% | 0.22% |
| Polycab India Limited | 0.22% | 0.21% |
| Wipro Limited | 0.22% | 0.21% |
| Adani Energy Solutions Limited | 0.22% | 0.21% |
| Adani Green Energy Limited | 0.22% | 0.21% |
| Bank of Baroda | 0.22% | 0.21% |
| Jindal Steel Limited | 0.22% | 0.21% |
| Marico Limited | 0.22% | 0.21% |
| Bosch Limited | 0.21% | 0.20% |
| Canara Bank | 0.21% | 0.20% |
| Fortis Healthcare Limited | 0.21% | 0.20% |
| United Spirits Limited | 0.21% | 0.20% |
| APL Apollo Tubes Limited | 0.21% | 0.20% |
| Hitachi Energy India Limited | 0.20% | 0.19% |
| Punjab National Bank | 0.20% | 0.19% |
| ICICI Lombard General Insurance Company Limited | 0.20% | 0.19% |
| Embassy Office Parks REIT | 0.20% | 0.19% |
| PB Fintech Limited | 0.20% | 0.19% |
| LTM Limited | 0.20% | 0.19% |
| Swiggy Limited | 0.20% | 0.19% |
| REC Limited | 0.19% | 0.19% |
| Sona BLW Precision Forgings Limited | 0.19% | 0.19% |
| Yes Bank Limited | 0.19% | 0.18% |
| Max Financial Services Limited | 0.19% | 0.18% |
| The Phoenix Mills Limited | 0.19% | 0.18% |
| SRF Limited | 0.19% | 0.18% |
| ABB India Limited | 0.19% | 0.18% |
| Vodafone Idea Limited | 0.19% | 0.18% |
| Welspun Corp Limited | 0.19% | 0.18% |
| Glenmark Pharmaceuticals Limited | 0.18% | 0.18% |
| Radico Khaitan Limited | 0.18% | 0.17% |
| Godrej Consumer Products Limited | 0.18% | 0.17% |
| Lodha Developers Limited | 0.18% | 0.17% |
| Hindustan Petroleum Corporation Limited | 0.18% | 0.17% |
| Union Bank of India | 0.17% | 0.16% |
| GMR Airports Limited | 0.17% | 0.16% |
| Siemens Limited | 0.17% | 0.16% |
| Aditya Birla Capital Limited | 0.17% | 0.16% |
| Apar Industries Limited | 0.17% | 0.16% |
| Alkem Laboratories Limited | 0.16% | 0.16% |
| Karur Vysya Bank Limited | 0.16% | 0.15% |
| National Aluminium Company Limited | 0.16% | 0.15% |
| Shree Cement Limited | 0.16% | 0.15% |
| JSW Energy Limited | 0.16% | 0.15% |
| UPL Limited | 0.16% | 0.15% |
| Navin Fluorine International Limited | 0.16% | 0.15% |
| Sundaram Finance Limited | 0.16% | 0.15% |
| Muthoot Finance Limited | 0.15% | 0.15% |
| Hyundai Motor India Ltd | 0.15% | 0.14% |
| Zydus Lifesciences Limited | 0.15% | 0.14% |
| Mphasis Limited | 0.15% | 0.14% |
| Indian Bank | 0.15% | 0.14% |
| Mankind Pharma Limited | 0.15% | 0.14% |
| Vishal Mega Mart Limited | 0.15% | 0.14% |
| Siemens Energy India Limited | 0.15% | 0.14% |
| KEI Industries Limited | 0.14% | 0.14% |
| NHPC Limited | 0.14% | 0.14% |
| Hindustan Zinc Limited | 0.14% | 0.14% |
| Ather Energy Limited | 0.14% | 0.13% |
| 360 One WAM Limited | 0.14% | 0.13% |
| IPCA Laboratories Limited | 0.14% | 0.13% |
| Piramal Finance Limited | 0.14% | 0.13% |
| Sterlite Technologies Limited | 0.14% | 0.13% |
| NMDC Limited | 0.14% | 0.13% |
| Billionbrains Garage Ventures Ltd | 0.14% | 0.13% |
| Steel Authority of India Limited | 0.14% | 0.13% |
| Biocon Limited | 0.13% | 0.13% |
| MRF Limited | 0.13% | 0.13% |
| Lloyds Metals And Energy Limited | 0.13% | 0.13% |
| Havells India Limited | 0.13% | 0.13% |
| Oracle Financial Services Software Limited | 0.13% | 0.13% |
| Tube Investments of India Limited | 0.13% | 0.13% |
| Prestige Estates Projects Limited | 0.13% | 0.12% |
| RBL Bank Limited | 0.13% | 0.12% |
| Delhivery Limited | 0.13% | 0.12% |
| Oil India Limited | 0.13% | 0.12% |
| Voltas Limited | 0.13% | 0.12% |
| Redington Limited | 0.13% | 0.12% |
| Torrent Power Limited | 0.12% | 0.12% |
| Jindal Stainless Limited | 0.12% | 0.12% |
| Ambuja Cements Limited | 0.12% | 0.12% |
| Colgate Palmolive (India) Limited | 0.12% | 0.12% |
| HFCL Limited | 0.12% | 0.12% |
| Gland Pharma Limited | 0.12% | 0.12% |
| Waaree Energies Limited | 0.12% | 0.11% |
| L&T Finance Limited | 0.12% | 0.11% |
| Brookfield India Real Estate Trust | 0.12% | 0.11% |
| Central Depository Services (India) Limited | 0.12% | 0.11% |
| Page Industries Limited | 0.12% | 0.11% |
| Dabur India Limited | 0.12% | 0.11% |
| Supreme Industries Limited | 0.12% | 0.11% |
| Godrej Properties Limited | 0.11% | 0.11% |
| City Union Bank Limited | 0.11% | 0.11% |
| Mahindra & Mahindra Financial Services Limited | 0.11% | 0.11% |
| Petronet LNG Limited | 0.11% | 0.11% |
| JK Cement Limited | 0.11% | 0.11% |
| UNO Minda Limited | 0.11% | 0.11% |
| Kalyan Jewellers India Limited | 0.11% | 0.11% |
| JSW Infrastructure Ltd | 0.11% | 0.11% |
| Sai Life Sciences Limited | 0.11% | 0.10% |
| PNB Housing Finance Limited | 0.11% | 0.10% |
| Cupid Limited | 0.11% | 0.10% |
| Coromandel International Limited | 0.11% | 0.10% |
| Meesho Ltd | 0.11% | 0.10% |
| Oberoi Realty Limited | 0.11% | 0.10% |
| Sansera Engineering Limited | 0.10% | 0.10% |
| Krishna Institute Of Medical Sciences Limited | 0.10% | 0.10% |
| Blue Star Limited | 0.10% | 0.10% |
| Tata Communications Limited | 0.10% | 0.10% |
| Anand Rathi Wealth Limited | 0.10% | 0.10% |
| Nippon Life India Asset Management Limited | 0.10% | 0.10% |
| Kirloskar Oil Engines Limited | 0.10% | 0.10% |
| Exide Industries Limited | 0.10% | 0.09% |
| PI Industries Limited | 0.10% | 0.09% |
| Gujarat Fluorochemicals Limited | 0.10% | 0.09% |
| Aster DM Quality Care Limited | 0.10% | 0.09% |
| Neuland Laboratories Limited | 0.10% | 0.09% |
| ITC Hotels Limited | 0.10% | 0.09% |
| ICICI Prudential Asset Management Company Limited | 0.10% | 0.09% |
| Hindustan Copper Limited | 0.10% | 0.09% |
| Tata Capital Limited | 0.09% | 0.09% |
| Jubilant Foodworks Limited | 0.09% | 0.09% |
| TD Power Systems Limited | 0.09% | 0.09% |
| Angel One Limited | 0.09% | 0.09% |
| Indian Railway Finance Corporation Limited | 0.09% | 0.09% |
| ICICI Prudential Life Insurance Company Limited | 0.09% | 0.09% |
| LG Electronics India Ltd | 0.09% | 0.09% |
| Bandhan Bank Limited | 0.09% | 0.09% |
| Wockhardt Limited | 0.09% | 0.09% |
| Manappuram Finance Limited | 0.09% | 0.09% |
| Aegis Logistics Limited | 0.09% | 0.09% |
| SBI Cards and Payment Services Limited | 0.09% | 0.09% |
| Acutaas Chemicals Limited | 0.09% | 0.08% |
| MTAR Technologies Limited | 0.09% | 0.08% |
| Balkrishna Industries Limited | 0.09% | 0.08% |
| Astral Limited | 0.09% | 0.08% |
| Ajanta Pharma Limited | 0.09% | 0.08% |
| Adani Total Gas Limited | 0.09% | 0.08% |
| Mazagon Dock Shipbuilders Limited | 0.08% | 0.08% |
| Bank of Maharashtra | 0.08% | 0.08% |
| Computer Age Management Services Limited | 0.08% | 0.08% |
| Himadri Speciality Chemical Limited | 0.08% | 0.08% |
| LIC Housing Finance Limited | 0.08% | 0.08% |
| Craftsman Automation Limited | 0.08% | 0.08% |
| Poonawalla Fincorp Limited | 0.08% | 0.08% |
| Motilal Oswal Financial Services Limited | 0.08% | 0.08% |
| Bank of India | 0.08% | 0.08% |
| Schaeffler India Limited | 0.08% | 0.08% |
| Kalpataru Projects International Limited | 0.08% | 0.08% |
| Dr. Lal Path Labs Limited | 0.08% | 0.08% |
| The Great Eastern Shipping Company Limited | 0.08% | 0.08% |
| Container Corporation of India Limited | 0.08% | 0.08% |
| AIA Engineering Limited | 0.08% | 0.07% |
| Amber Enterprises India Limited | 0.08% | 0.07% |
| Carborundum Universal Limited | 0.08% | 0.07% |
| Authum Investment And Infrastructure Limited | 0.08% | 0.07% |
| Abbott India Limited | 0.07% | 0.07% |
| IIFL Finance Limited | 0.07% | 0.07% |
| Syrma SGS Technology Limited | 0.07% | 0.07% |
| Cholamandalam Financial Holdings Limited | 0.07% | 0.07% |
| Indian Railway Catering And Tourism Corporation Limited | 0.07% | 0.07% |
| PTC Industries Limited | 0.07% | 0.07% |
| Crompton Greaves Consumer Electricals Limited | 0.07% | 0.07% |
| Dalmia Bharat Limited | 0.07% | 0.07% |
| Nuvama Wealth Management Limited | 0.07% | 0.07% |
| Linde India Limited | 0.07% | 0.07% |
| HDB Financial Services Limited | 0.07% | 0.07% |
| General Insurance Corporation of India | 0.07% | 0.07% |
| Thermax Limited | 0.07% | 0.07% |
| Elgi Equipments Limited | 0.07% | 0.07% |
| Data Patterns (India) Limited | 0.07% | 0.07% |
| Apollo Tyres Limited | 0.07% | 0.07% |
| Berger Paints (I) Limited | 0.07% | 0.06% |
| Piramal Pharma Limited | 0.07% | 0.06% |
| Cochin Shipyard Limited | 0.07% | 0.06% |
| Premier Energies Limited | 0.07% | 0.06% |
| Patanjali Foods Limited | 0.07% | 0.06% |
| Star Health And Allied Insurance Company Limited | 0.07% | 0.06% |
| Granules India Limited | 0.07% | 0.06% |
| Tata Technologies Limited | 0.06% | 0.06% |
| Cartrade Tech Limited | 0.06% | 0.06% |
| Narayana Hrudayalaya Limited | 0.06% | 0.06% |
| Global Health Limited | 0.06% | 0.06% |
| K.P.R. Mill Limited | 0.06% | 0.06% |
| Onesource Specialty Pharma Limited | 0.06% | 0.06% |
| Asahi India Glass Limited | 0.06% | 0.06% |
| GlaxoSmithKline Pharmaceuticals Limited | 0.06% | 0.06% |
| Rail Vikas Nigam Limited | 0.06% | 0.06% |
| KFin Technologies Limited | 0.06% | 0.06% |
| Timken India Limited | 0.06% | 0.06% |
| Finolex Cables Limited | 0.06% | 0.05% |
| Kaynes Technology India Limited | 0.06% | 0.05% |
| CRISIL Limited | 0.06% | 0.05% |
| Bharti Hexacom Limited | 0.06% | 0.05% |
| The Ramco Cements Limited | 0.06% | 0.05% |
| Home First Finance Company India Limited | 0.06% | 0.05% |
| Tata Elxsi Limited | 0.06% | 0.05% |
| Brigade Enterprises Limited | 0.06% | 0.05% |
| ZF Commercial Vehicle Control Systems India Limited | 0.06% | 0.05% |
| Sammaan Capital Limited | 0.06% | 0.05% |
| Bharat Dynamics Limited | 0.05% | 0.05% |
| Indraprastha Gas Limited | 0.05% | 0.05% |
| Kajaria Ceramics Limited | 0.05% | 0.05% |
| Deepak Nitrite Limited | 0.05% | 0.05% |
| Aditya Infotech Limited | 0.05% | 0.05% |
| Five Star Business Finance Limited | 0.05% | 0.05% |
| AWL Agri Business Limited | 0.05% | 0.05% |
| Aarti Industries Limited | 0.05% | 0.05% |
| Sagility Limited | 0.05% | 0.05% |
| Pine Labs Limited | 0.05% | 0.05% |
| Affle 3i Limited | 0.05% | 0.05% |
| Tata Chemicals Limited | 0.05% | 0.05% |
| Capri Global Capital Limited | 0.05% | 0.05% |
| Castrol India Limited | 0.05% | 0.05% |
| NLC India Limited | 0.05% | 0.05% |
| Atul Limited | 0.05% | 0.05% |
| Endurance Technologies Limited | 0.05% | 0.05% |
| Anthem Biosciences Limited | 0.05% | 0.05% |
| Amara Raja Energy & Mobility Ltd | 0.05% | 0.05% |
| Inventurus Knowledge Solutions Limited | 0.05% | 0.05% |
| Anant Raj Limited | 0.05% | 0.05% |
| Usha Martin Limited | 0.05% | 0.05% |
| Bajaj Housing Finance Limited | 0.05% | 0.05% |
| Escorts Kubota Limited | 0.05% | 0.05% |
| Deepak Fertilizers and Petrochemicals Corporation Limited | 0.05% | 0.05% |
| Belrise Industries Ltd. | 0.05% | 0.05% |
| Netweb Technologies India Limited | 0.05% | 0.04% |
| HBL Engineering Limited | 0.05% | 0.04% |
| L&T Technology Services Limited | 0.05% | 0.04% |
| Indian Renewable Energy Development Agency Limited | 0.05% | 0.04% |
| PVR INOX Limited | 0.05% | 0.04% |
| Jyoti CNC Automation Ltd | 0.05% | 0.04% |
| Acme Solar Holdings Ltd | 0.05% | 0.04% |
| NTPC Green Energy Limited | 0.05% | 0.04% |
| Motherson Sumi Wiring India Limited | 0.05% | 0.04% |
| Indian Energy Exchange Limited | 0.04% | 0.04% |
| Azad Engineering Ltd | 0.04% | 0.04% |
| Housing & Urban Development Corporation Limited | 0.04% | 0.04% |
| KPIT Technologies Limited | 0.04% | 0.04% |
| NBCC (India) Limited | 0.04% | 0.04% |
| Ola Electric Mobility Ltd | 0.04% | 0.04% |
| Cyient Limited | 0.04% | 0.04% |
| Emcure Pharmaceuticals Limited | 0.04% | 0.04% |
| Force Motors Limited | 0.04% | 0.04% |
| CESC Limited | 0.04% | 0.04% |
| Engineers India Limited | 0.04% | 0.04% |
| SPR Auto Technologies Ltd | 0.04% | 0.04% |
| Tata Investment Corporation Limited | 0.04% | 0.04% |
| Firstsource Solutions Limited | 0.04% | 0.04% |
| United Breweries Limited | 0.04% | 0.04% |
| R R Kabel Limited | 0.04% | 0.04% |
| Aptus Value Housing Finance India Limited | 0.04% | 0.04% |
| PG Electroplast Limited | 0.04% | 0.04% |
| Gabriel India Limited | 0.04% | 0.04% |
| Nava Limited | 0.04% | 0.04% |
| Godfrey Phillips India Limited | 0.04% | 0.04% |
| BEML Limited | 0.04% | 0.04% |
| Balrampur Chini Mills Limited | 0.04% | 0.04% |
| Shyam Metalics and Energy Limited | 0.04% | 0.04% |
| Emami Limited | 0.04% | 0.04% |
| Natco Pharma Limited | 0.04% | 0.04% |
| eClerx Services Limited | 0.04% | 0.04% |
| Zen Technologies Limited | 0.04% | 0.04% |
| Jaiprakash Power Ventures Limited | 0.04% | 0.04% |
| Hexaware Technologies Limited | 0.04% | 0.04% |
| Aditya Birla Sun Life AMC Limited | 0.04% | 0.04% |
| PhysicsWallah Limited | 0.04% | 0.04% |
| ACC Limited | 0.04% | 0.04% |
| Ramkrishna Forgings Limited | 0.04% | 0.04% |
| Cohance Lifesciences Limited | 0.04% | 0.04% |
| CCL Products (India) Limited | 0.04% | 0.04% |
| EID Parry India Limited | 0.04% | 0.04% |
| Welspun Living Limited | 0.04% | 0.04% |
| Vijaya Diagnostic Centre Limited | 0.04% | 0.04% |
| Schneider Electric Infrastructure Limited | 0.04% | 0.04% |
| Syngene International Limited | 0.04% | 0.03% |
| Chennai Petroleum Corporation Limited | 0.04% | 0.03% |
| CreditAccess Grameen Limited | 0.04% | 0.03% |
| Honeywell Automation India Limited | 0.04% | 0.03% |
| CEAT Limited | 0.04% | 0.03% |
| IRB Infrastructure Developers Limited | 0.04% | 0.03% |
| Zee Entertainment Enterprises Limited | 0.04% | 0.03% |
| Whirlpool of India Limited | 0.04% | 0.03% |
| Inox Wind Limited | 0.03% | 0.03% |
| Chambal Fertilizers & Chemicals Limited | 0.03% | 0.03% |
| Thangamayil Jewellery Limited | 0.03% | 0.03% |
| Paradeep Phosphates Limited | 0.03% | 0.03% |
| Honasa Consumer Limited | 0.03% | 0.03% |
| Choice International Limited | 0.03% | 0.03% |
| Triveni Turbine Limited | 0.03% | 0.03% |
| The Jammu & Kashmir Bank Limited | 0.03% | 0.03% |
| Poly Medicure Limited | 0.03% | 0.03% |
| Bagmane Prime Office REIT | 0.03% | 0.03% |
| Jindal Saw Limited | 0.03% | 0.03% |
| Garden Reach Shipbuilders & Engineers Limited | 0.03% | 0.03% |
| Can Fin Homes Limited | 0.03% | 0.03% |
| Titagarh Rail Systems Limited | 0.03% | 0.03% |
| Cemindia Projects Ltd | 0.03% | 0.03% |
| Rainbow Childrens Medicare Limited | 0.03% | 0.03% |
| Mahanagar Gas Limited | 0.03% | 0.03% |
| Sun TV Network Limited | 0.03% | 0.03% |
| Aditya Birla Real Estate Limited | 0.03% | 0.03% |
| EIH Limited | 0.03% | 0.03% |
| TBO Tek Limited | 0.03% | 0.03% |
| Rubicon Research Limited | 0.03% | 0.03% |
| PCBL Chemical Limited | 0.03% | 0.03% |
| Gillette India Limited | 0.03% | 0.03% |
| Reliance Power Limited | 0.03% | 0.03% |
| Aether Industries Limited | 0.03% | 0.03% |
| Vedanta Oil and Gas Ltd | 0.03% | 0.03% |
| Intellect Design Arena Limited | 0.03% | 0.03% |
| Vedanta Power Ltd | 0.03% | 0.03% |
| Minda Corporation Limited | 0.03% | 0.03% |
| Devyani International Limited | 0.03% | 0.03% |
| LT Foods Limited | 0.03% | 0.03% |
| Jubilant Ingrevia Limited | 0.03% | 0.03% |
| Vedanta Iron And Steel Limited | 0.03% | 0.03% |
| Caplin Point Laboratories Limited | 0.03% | 0.03% |
| Urban Company Ltd. | 0.03% | 0.03% |
| Godawari Power And Ispat limited | 0.03% | 0.03% |
| Sobha Limited | 0.03% | 0.03% |
| Vardhman Textiles Limited | 0.03% | 0.03% |
| Canara HSBC Life Insurance company Ltd | 0.03% | 0.03% |
| Sumitomo Chemical India Limited | 0.03% | 0.03% |
| Central Bank of India | 0.03% | 0.03% |
| NCC Limited | 0.03% | 0.03% |
| Tenneco Clean Air India Limited | 0.03% | 0.03% |
| Lemon Tree Hotels Limited | 0.03% | 0.03% |
| Graphite India Limited | 0.03% | 0.03% |
| Techno Electric & Engineering Company Limited | 0.03% | 0.03% |
| Action Construction Equipment Limited | 0.03% | 0.03% |
| Indiamart Intermesh Limited | 0.03% | 0.03% |
| JM Financial Limited | 0.03% | 0.02% |
| Zydus Wellness Limited | 0.03% | 0.02% |
| CIE Automotive India Limited | 0.03% | 0.02% |
| KEC International Limited | 0.03% | 0.02% |
| Aavas Financiers Limited | 0.03% | 0.02% |
| Zensar Technologies Limited | 0.03% | 0.02% |
| SJVN Limited | 0.02% | 0.02% |
| IDBI Bank Limited | 0.02% | 0.02% |
| Tejas Networks Limited | 0.02% | 0.02% |
| Gravita India Limited | 0.02% | 0.02% |
| Brainbees Solutions Ltd | 0.02% | 0.02% |
| IFCI Limited | 0.02% | 0.02% |
| Aegis Vopak Terminals Limited | 0.02% | 0.02% |
| NMDC Steel Limited | 0.02% | 0.02% |
| Shipping Corporation Of India Limited | 0.02% | 0.02% |
| Gujarat Mineral Development Corporation Limited | 0.02% | 0.02% |
| Fertilizers and Chemicals Travancore Limited | 0.02% | 0.02% |
| Emmvee Photovoltaic Power Limited | 0.02% | 0.02% |
| Elecon Engineering Company Limited | 0.02% | 0.02% |
| Godrej Industries Limited | 0.02% | 0.02% |
| Olectra Greentech Limited | 0.02% | 0.02% |
| Doms Industries Limited | 0.02% | 0.02% |
| Concord Biotech Limited | 0.02% | 0.02% |
| Sarda Energy & Minerals Limited | 0.02% | 0.02% |
| The New India Assurance Company Limited | 0.02% | 0.02% |
| Indian Overseas Bank | 0.02% | 0.02% |
| JK Tyre & Industries Limited | 0.02% | 0.02% |
| Inox India Limited | 0.02% | 0.02% |
| Clean Max Enviro Energy Solutions Limited | 0.02% | 0.02% |
| Kirloskar Brothers Limited | 0.02% | 0.02% |
| Birlasoft Limited | 0.02% | 0.02% |
| Aadhar Housing Finance Limited | 0.02% | 0.02% |
| Privi Speciality Chemicals Limited | 0.02% | 0.02% |
| KSB Limited | 0.02% | 0.02% |
| Bata India Limited | 0.02% | 0.02% |
| HEG Graphite Ltd | 0.02% | 0.02% |
| Swan Corp Limited | 0.02% | 0.02% |
| Afcons Infrastructure Limited | 0.02% | 0.02% |
| Allied Blenders And Distillers Limited | 0.02% | 0.02% |
| Black Box Limited | 0.02% | 0.02% |
| IRCON International Limited | 0.02% | 0.02% |
| Clean Science and Technology Limited | 0.02% | 0.02% |
| UTI Asset Management Company Limited | 0.02% | 0.02% |
| JSW Cement Limited | 0.02% | 0.02% |
| Fractal Analytics Ltd | 0.02% | 0.02% |
| Anupam Rasayan India Limited | 0.02% | 0.02% |
| Tega Industries Limited | 0.02% | 0.02% |
| Nuvoco Vistas Corporation Limited | 0.02% | 0.02% |
| International Gemological Institute Limited | 0.02% | 0.02% |
| Jupiter Wagons Limited | 0.02% | 0.02% |
| Prime Focus Limited | 0.02% | 0.02% |
| Mangalore Refinery and Petrochemicals Limited | 0.02% | 0.01% |
| Transformers And Rectifiers (India) Limited | 0.02% | 0.01% |
| Central Mine Planning & Design Institute Limited | 0.01% | 0.01% |
| Trident Limited | 0.01% | 0.01% |
| RailTel Corporation of India Limited | 0.01% | 0.01% |
| Jain Resource Recycling Limited | 0.01% | 0.01% |
| BLS International Services Limited | 0.01% | 0.01% |
| ITI Limited | 0.01% | 0.01% |
| RITES Limited | 0.01% | 0.01% |
| The India Cements Limited | 0.01% | 0.01% |
| UCO Bank | 0.01% | 0.01% |
| RHI Magnesita India Limited | 0.01% | 0.01% |
| Avanti Feeds Limited | 0.01% | 0.01% |
| SignatureGlobal (India) Limited | 0.01% | 0.01% |
| JBM Auto Limited | 0.01% | 0.01% |
| HEG Advanced Materials Ltd | 0.01% | 0.01% |
| Tata Teleservices (Maharashtra) Limited | 0.01% | 0.01% |
| Gallantt Ispat Limited | 0.01% | 0.01% |
| Bharat Coking Coal Limited | 0.01% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 95.4% means 95.4% 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 Axis Nifty 500 Index Fund
Every holding of this fund is also held by the other.
Largest holdings only in Mirae Asset Nifty Total Market Index Fund
| Security | % of fund |
|---|---|
| Astra Microwave Products Ltd. | 0.07% |
| Ujjivan Small Finance Bank Ltd. | 0.06% |
| Sundram Fasteners Ltd. | 0.06% |
| The South Indian Bank Ltd. | 0.06% |
| The Karnataka Bank Ltd. | 0.06% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Nifty 500 Index | Mirae Asset Nifty Total Market Index |
|---|---|---|
| Equity | 99.8% | 99.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.2% | 0.3% |
Market cap of stocks
| Market cap | Axis Nifty 500 Index | Mirae Asset Nifty Total Market Index |
|---|---|---|
| Large Cap | 67.2% | 64.1% |
| Mid Cap | 20.9% | 19.9% |
| Small Cap | 11.6% | 15.4% |
| Not on AMFI's list | 0.1% | 0.1% |
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 | Axis Nifty 500 Index | Mirae Asset Nifty Total Market Index |
|---|---|---|
| Banks | 19.3% | 18.8% |
| Finance | 6.5% | 6.3% |
| Pharmaceuticals & Biotechnology | 5.8% | 5.8% |
| IT - Software | 5.7% | 5.5% |
| Petroleum Products | 5.0% | 4.8% |
| Automobiles | 4.9% | 4.7% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Nifty 500 Index vs Mirae Asset Nifty Total Market Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Nifty 500 Index Fund | Mirae Asset Nifty Total Market Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.17% | 0.35% |
| Base expense ratio (Direct) | 0.09% | 0.26% |
| Total expense ratio (Regular) | 1.11% | 0.99% |
| Base expense ratio (Regular) | 0.90% | 0.80% |
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.
Axis Nifty 500 Index Fund vs Mirae Asset Nifty Total Market Index Fund: Frequently Asked Questions
What is the difference between Axis Nifty 500 Index Fund and Mirae Asset Nifty Total Market Index Fund?
Axis Nifty 500 Index Fund is an Index fund, Mirae Asset Nifty Total Market Index Fund is an Index fund, run by Axis Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 95.4%. Axis Nifty 500 Index Fund charges 0.17% a year and Mirae Asset Nifty Total Market Index Fund 0.35%.
Which has given higher returns, Axis Nifty 500 Index Fund or Mirae Asset Nifty Total Market Index Fund?
Over 1 year: Axis Nifty 500 Index Fund −7.64%, Mirae Asset Nifty Total Market Index Fund −6.93%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Nifty 500 Index Fund or Mirae Asset Nifty Total Market Index Fund?
Axis Nifty 500 Index Fund charges less: 0.17% a year against 0.35%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Nifty 500 Index Fund and Mirae Asset Nifty Total Market Index Fund overlap?
95.4%. They hold 500 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Axis Nifty 500 Index Fund or Mirae Asset Nifty Total Market Index Fund?
On SEBI's riskometer, Axis Nifty 500 Index Fund is rated Very High and Mirae Asset Nifty Total Market Index Fund Very High. Over 1 years, the standard deviation of daily returns was 14.37% and 14.50% a year.
Can I invest in both Axis Nifty 500 Index Fund and Mirae Asset Nifty Total Market Index Fund?
Yes. 95.4% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Axis Nifty 500 Index Fund and Mirae Asset Nifty Total Market Index Fund?
Axis Nifty 500 Index Fund: Nandik Malik, Rohit Gautam. Mirae Asset Nifty Total Market Index Fund: 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.