Axis Nifty Energy Index Fund vs Groww BSE Power ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Axis Nifty Energy Index Fund is an Index fund and Groww BSE Power ETF is an ETF fund. Axis Nifty Energy Index Fund charges 1.79% a year and Groww BSE Power ETF 0.48%. Their portfolios overlap 44.9%: they hold 17 of the same securities.
Which is better, Axis Nifty Energy Index or Groww BSE Power ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Groww BSE Power ETF costs less: 0.48% a year against 1.79%.
- Axis Nifty Energy Index fell less in its worst fall since 02-09-2026: −9.9% against −12.6%.
- Groww BSE Power ETF is the larger fund: ₹281 Cr against ₹89 Cr.
- Their portfolios overlap 44.9%: 17 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 Energy Index Fund | Groww BSE Power ETF |
|---|---|---|
| Fund house | Axis Mutual Fund | Groww Mutual Fund |
| Category | Index | ETF |
| AUM | ₹89 Cr (30-09-2026) | ₹281 Cr (30-09-2026) |
| NAV | ₹9.20 (Direct) | ₹10.36 |
| Expense ratio (Direct) | 1.79% | Not available |
| Expense ratio (Regular) | 2.57% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Energy TRI | BSE Power TRI |
| Launch date | 27-08-2026 | 05-08-2025 |
| Minimum investment | ₹100 | 1 Unit |
| Lock in | None | None |
| Fund managers | Nandik Mallik, Rohit Gautam | Aakash Chauhan, Nikhil Satam, Shashi Kumar |
| Exit load | Exit load of 0.25%, if redeemed within 15 days. | Nil |
Axis Nifty Energy Index vs Groww BSE Power 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 |
|---|---|---|---|---|---|---|---|
| Axis Nifty Energy Index Fund (Direct) | −4.59% | -- | -- | -- | -- | -- | -- |
| Groww BSE Power ETF | −4.34% | −9.13% | −15.64% | −0.99% | -- | -- | -- |
Axis Nifty Energy Index vs Groww BSE Power ETF: Year-wise Returns
| Year | Axis Nifty Energy IndexAxis Nifty Energy Index | Groww BSE Power ETFGroww BSE Power ETF |
|---|---|---|
| 2026to date | -- | +6.12% |
Axis Nifty Energy Index vs Groww BSE Power ETF: Rolling Returns
Every holding period of both funds, against Nifty Energy TRI, the benchmark of Axis Nifty Energy Index Fund
Axis Nifty Energy Index vs Groww BSE Power ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Nifty Energy Index Fund (Direct) | Groww BSE Power ETF |
|---|---|---|
| Return (CAGR) | −40.55% | +3.50% |
| Standard deviation | 15.31% | 18.67% |
| Sharpe ratio | -2.99 | -0.10 |
| Sortino ratio | -3.31 | -0.13 |
| Maximum drawdown | −9.9% (23-10-2026) | −22.1% (23-10-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.15% | −0.48% |
From daily NAVs, 02-09-2026 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.
Axis Nifty Energy Index Fund (Direct)
Groww BSE Power ETF
Nifty Energy TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Nifty Energy Index Fund (Direct) | −9.9% | 09-09-2026 | 23-10-2026 | Not yet | -- | −8.8% |
| Groww BSE Power ETF | −12.6% | 09-09-2026 | 23-10-2026 | Not yet | -- | −9.2% |
| Nifty Energy TRI | −9.9% | 09-09-2026 | 23-10-2026 | Not yet | -- | −8.8% |
From daily values since 02-09-2026, the first day every fund has.
Axis Nifty Energy Index vs Groww BSE Power ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Nifty Energy Index Fund, September 2026; Groww BSE Power ETF, September 2026
Holdings in common
- Overlap
- 44.9%
- Held by both
- 17
- Only in Axis Nifty Energy Index
- 23
- Only in Groww BSE Power ETF
- 0
| Security | % of Axis Nifty Energy Index | % of Groww BSE Power ETF |
|---|---|---|
| NTPC Limited | 6.10% | 16.88% |
| Power Grid Corporation of India Limited | 4.69% | 13.09% |
| Bharat Heavy Electricals Limited | 3.84% | 6.69% |
| CG Power and Industrial Solutions Limited | 3.72% | 6.43% |
| Adani Power Limited | 3.38% | 9.54% |
| GE Vernova T&D India Limited | 3.31% | 5.65% |
| Suzlon Energy Limited | 3.05% | 5.26% |
| Hitachi Energy India Limited | 2.47% | 4.20% |
| Tata Power Company Limited | 2.40% | 6.58% |
| ABB India Limited | 2.26% | 3.95% |
| Siemens Limited | 2.09% | 3.69% |
| Siemens Energy India Limited | 1.80% | 3.15% |
| Adani Green Energy Limited | 1.70% | 4.64% |
| JSW Energy Limited | 1.21% | 3.28% |
| NHPC Limited | 1.09% | 2.99% |
| Torrent Power Limited | 0.94% | 2.63% |
| Thermax Limited | 0.84% | 1.43% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 44.9% means 44.9% 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 Energy Index Fund
| Security | % of fund |
|---|---|
| Coal India Limited | 10.19% |
| Reliance Industries Limited | 9.89% |
| Oil & Natural Gas Corporation Limited | 9.27% |
| GAIL (India) Limited | 4.86% |
| Oil India Limited | 2.59% |
Largest holdings only in Groww BSE Power ETF
Every holding of this fund is also held by the other.
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Nifty Energy Index | Groww BSE Power ETF |
|---|---|---|
| Equity | 100.1% | 100.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.1% | -0.1% |
Market cap of stocks
| Market cap | Axis Nifty Energy Index | Groww BSE Power ETF |
|---|---|---|
| Large Cap | 72.7% | 75.7% |
| Mid Cap | 20.8% | 24.4% |
| Small Cap | 5.5% | 0.0% |
| Not on AMFI's list | 1.1% | 0.0% |
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 Energy Index | Groww BSE Power ETF |
|---|---|---|
| Power | 25.1% | 59.6% |
| Electrical Equipment | 24.9% | 40.4% |
| Petroleum Products | 15.6% | 0.0% |
| Gas | 12.4% | 0.0% |
| Oil | 11.9% | 0.0% |
| Consumable Fuels | 10.2% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Nifty Energy Index vs Groww BSE Power ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Nifty Energy Index Fund | Groww BSE Power ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.79% | Not available |
| Base expense ratio (Direct) | 0.20% | 0.40% |
| Total expense ratio (Regular) | 2.57% | Not available |
| Base expense ratio (Regular) | 0.90% | 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.
Axis Nifty Energy Index Fund vs Groww BSE Power ETF: Frequently Asked Questions
What is the difference between Axis Nifty Energy Index Fund and Groww BSE Power ETF?
Axis Nifty Energy Index Fund is an Index fund, Groww BSE Power ETF is an ETF fund, run by Axis Mutual Fund and Groww Mutual Fund. Their portfolios overlap 44.9%. Axis Nifty Energy Index Fund charges 1.79% a year and Groww BSE Power ETF 0.48%.
Which has the lower expense ratio, Axis Nifty Energy Index Fund or Groww BSE Power ETF?
Groww BSE Power ETF charges less: 0.48% a year against 1.79%. These are the total expense ratios reported to AMFI.
How much do Axis Nifty Energy Index Fund and Groww BSE Power ETF overlap?
44.9%. They hold 17 of the same securities, the largest shared ones being NTPC, POWERGRID, BHEL. From each fund's latest monthly portfolio.
Which is riskier, Axis Nifty Energy Index Fund or Groww BSE Power ETF?
On SEBI's riskometer, Axis Nifty Energy Index Fund is rated Very High and Groww BSE Power ETF Very High. Over their common history, the standard deviation of daily returns was 15.31% and 18.67% a year.
Can I invest in both Axis Nifty Energy Index Fund and Groww BSE Power ETF?
Yes. 44.9% 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 Energy Index Fund and Groww BSE Power ETF?
Axis Nifty Energy Index Fund: Nandik Mallik, Rohit Gautam. Groww BSE Power ETF: Aakash Chauhan, Nikhil Satam, Shashi Kumar.
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.