Axis Nifty500 Value 50 ETF vs UTI Nifty 500 Value 50 Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Axis Nifty500 Value 50 ETF is an ETF fund and UTI Nifty 500 Value 50 Index Fund is an Index fund. In the year to 30-10-2026, Axis Nifty500 Value 50 ETF returned −2.4% and UTI Nifty 500 Value 50 Index Fund (Direct) returned −2.7%. Axis Nifty500 Value 50 ETF charges 0.48% a year and UTI Nifty 500 Value 50 Index Fund 0.73%. Their portfolios overlap 100.0%: they hold 50 of the same securities.
Axis Nifty500 Value 50 ETF
ETF
- 1 year return
- −2.4%
- Expense ratio
- 0.48%
- NAV
- ₹30.12
UTI Nifty 500 Value 50 Index Fund
Index
- 1 year return
- −2.7%
- Expense ratio
- 0.73%
- NAV
- ₹20.42
Which is better, Axis Nifty500 Value 50 ETF or UTI Nifty 500 Value 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.
- Axis Nifty500 Value 50 ETF returned more over 1 year: −2.4% against −2.7%.
- Axis Nifty500 Value 50 ETF costs less: 0.48% a year against 0.73%.
- Axis Nifty500 Value 50 ETF fell less in its worst fall since 20-03-2025: −14.2% against −14.4%.
- UTI Nifty 500 Value 50 Index is the larger fund: ₹838 Cr against ₹30 Cr.
- Their portfolios overlap 100.0%: 50 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 Nifty500 Value 50 ETF | UTI Nifty 500 Value 50 Index Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | UTI Mutual Fund |
| Category | ETF | Index |
| AUM | ₹30 Cr (30-09-2026) | ₹838 Cr (30-09-2026) |
| NAV | ₹30.12 | ₹20.42 (Direct) |
| Expense ratio (Direct) | Not available | 0.73% |
| Expense ratio (Regular) | Not available | 1.19% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY500 Value 50 TRI | NIFTY500 Value 50 TRI |
| Launch date | 13-03-2025 | 10-05-2023 |
| Minimum investment | 60000 (Units) | ₹1,000 |
| Lock in | None | None |
| Fund managers | Nandik Malik, Rohit Gautam | Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3 |
| Exit load | N/A | NIL |
Axis Nifty500 Value 50 ETF vs UTI Nifty 500 Value 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 |
|---|---|---|---|---|---|---|---|
| Axis Nifty500 Value 50 ETF | −3.66% | −8.39% | −10.90% | −2.41% | -- | -- | -- |
| UTI Nifty 500 Value 50 Index Fund (Direct) | −3.68% | −8.45% | −11.04% | −2.68% | +19.44% | -- | -- |
Axis Nifty500 Value 50 ETF vs UTI Nifty 500 Value 50 Index: Year-wise Returns
| Year | Axis Nifty500 Value 50 ETFAxis Nifty500 Value 50 ETF | UTI Nifty 500 Value 50 IndexUTI Nifty 500 Value 50 Index | NIFTY500 Value 50 TRI |
|---|---|---|---|
| 2026to date | −4.66% | −4.93% | −4.37% |
| 2025 | -- | +16.26% | +16.93% |
| 2024 | -- | +19.93% | +20.23% |
Axis Nifty500 Value 50 ETF vs UTI Nifty 500 Value 50 Index: Rolling Returns
Every holding period of both funds, against NIFTY500 Value 50 TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 151 of them, one for each trading day from 20-03-2026 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 Nifty500 Value 50 ETF
UTI Nifty 500 Value 50 Index Fund (Direct)
NIFTY500 Value 50 TRI
to
Apr 2026May 2025
to
May 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 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 Nifty500 Value 50 ETF | 2.6 | 9.3 | 7.3 | 23.8 | 23.2 | 23.2 | 10.6 | 16.1% | 16.2% | −2.4% | 30.4% | 0% |
| UTI Nifty 500 Value 50 Index | 3.3 | 8.7 | 8.0 | 26.0 | 26.0 | 19.3 | 8.7 | 15.6% | 15.8% | −2.7% | 29.8% | 0% |
| NIFTY500 Value 50 TRI | 2.6 | 7.9 | 6.0 | 21.2 | 27.8 | 23.8 | 10.6 | 16.4% | 16.7% | −2.0% | 30.6% | -- |
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 NIFTY500 Value 50 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 20-03-2025. Past returns do not promise future returns.
Axis Nifty500 Value 50 ETF vs UTI Nifty 500 Value 50 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 20-03-2025 to 30-10-2026: 20 instalments, ₹2,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis Nifty500 Value 50 ETFAxis Nifty500 Value 50 ETF | ₹2,00,000 | ₹1,98,952 | −₹1,048 | −0.6% |
| UTI Nifty 500 Value 50 IndexUTI Nifty 500 Value 50 Index Fund (Direct) | ₹2,00,000 | ₹1,99,098 | −₹902 | −0.5% |
Axis Nifty500 Value 50 ETFAxis Nifty500 Value 50 ETF
UTI Nifty 500 Value 50 IndexUTI Nifty 500 Value 50 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 Nifty500 Value 50 ETF vs UTI Nifty 500 Value 50 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Nifty500 Value 50 ETF | UTI Nifty 500 Value 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.41% | −2.68% |
| Standard deviation | 16.19% | 15.85% |
| Sharpe ratio | -0.47 | -0.50 |
| Sortino ratio | -0.62 | -0.66 |
| Maximum drawdown | −14.2% (23-10-2026) | −14.4% (23-10-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.45% | −0.71% |
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 Nifty500 Value 50 ETF | UTI Nifty 500 Value 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.43% | +23.18% |
| Standard deviation | 16.13% | 19.56% |
| Sharpe ratio | 0.19 | 0.87 |
| Sortino ratio | 0.25 | 1.16 |
| Maximum drawdown | −14.2% (23-10-2026) | −22.6% (28-02-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.26% | −0.76% |
From daily NAVs, 20-03-2025 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.
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 Nifty500 Value 50 ETF
UTI Nifty 500 Value 50 Index Fund (Direct)
NIFTY500 Value 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Nifty500 Value 50 ETF | −14.2% | 26-02-2026 | 23-10-2026 | Not yet | -- | −13.0% |
| UTI Nifty 500 Value 50 Index Fund (Direct) | −14.4% | 26-02-2026 | 23-10-2026 | Not yet | -- | −13.2% |
| NIFTY500 Value 50 TRI | −14.0% | 26-02-2026 | 23-10-2026 | Not yet | -- | −12.8% |
From daily values since 20-03-2025, 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 Nifty500 Value 50 ETF
UTI Nifty 500 Value 50 Index Fund (Direct)
NIFTY500 Value 50 TRI
Against NIFTY500 Value 50 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis Nifty500 Value 50 ETF | 100% | 101% | 0.19% |
| UTI Nifty 500 Value 50 Index Fund (Direct) | 99% | 102% | 0.12% |
From month-end values since 20-03-2025. 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 Nifty500 Value 50 ETF vs UTI Nifty 500 Value 50 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Nifty500 Value 50 ETF, September 2026; UTI Nifty 500 Value 50 Index Fund, September 2026
Holdings in common
- Overlap
- 100.0%
- Held by both
- 50
- Only in Axis Nifty500 Value 50 ETF
- 0
- Only in UTI Nifty 500 Value 50 Index
- 0
| Security | % of Axis Nifty500 Value 50 ETF | % of UTI Nifty 500 Value 50 Index |
|---|---|---|
| Grasim Industries Limited | 5.27% | 5.28% |
| Hindalco Industries Limited | 5.19% | 5.20% |
| Coal India Limited | 5.18% | 5.19% |
| Oil & Natural Gas Corporation Limited | 5.07% | 5.08% |
| State Bank of India | 4.99% | 5.00% |
| Vedanta Limited | 4.94% | 4.95% |
| NTPC Limited | 4.87% | 4.88% |
| Power Grid Corporation of India Limited | 4.82% | 4.83% |
| Tata Motors Passenger Vehicles Limited | 4.37% | 4.37% |
| Bharat Petroleum Corporation Limited | 4.26% | 4.27% |
| Indian Oil Corporation Limited | 3.63% | 3.63% |
| Redington Limited | 3.24% | 3.25% |
| Power Finance Corporation Limited | 2.48% | 2.48% |
| Hindustan Petroleum Corporation Limited | 2.47% | 2.48% |
| Aster DM Quality Care Limited | 2.37% | 2.37% |
| GAIL (India) Limited | 2.28% | 2.29% |
| Bank of Baroda | 1.94% | 1.94% |
| REC Limited | 1.90% | 1.90% |
| NMDC Limited | 1.88% | 1.88% |
| UPL Limited | 1.82% | 1.82% |
| Canara Bank | 1.77% | 1.77% |
| Punjab National Bank | 1.75% | 1.76% |
| IndusInd Bank Limited | 1.74% | 1.74% |
| Steel Authority of India Limited | 1.72% | 1.73% |
| National Aluminium Company Limited | 1.64% | 1.64% |
| The Federal Bank Limited | 1.54% | 1.54% |
| Union Bank of India | 1.37% | 1.37% |
| The Great Eastern Shipping Company Limited | 1.34% | 1.34% |
| Oil India Limited | 0.94% | 0.94% |
| Petronet LNG Limited | 0.93% | 0.93% |
| Indian Bank | 0.92% | 0.92% |
| Bank of India | 0.82% | 0.82% |
| IRB Infrastructure Developers Limited | 0.81% | 0.81% |
| LIC Housing Finance Limited | 0.77% | 0.77% |
| Reliance Power Limited | 0.77% | 0.77% |
| Karur Vysya Bank Limited | 0.77% | 0.77% |
| Cyient Limited | 0.76% | 0.76% |
| AWL Agri Business Limited | 0.76% | 0.76% |
| Zee Entertainment Enterprises Limited | 0.70% | 0.70% |
| Tata Chemicals Limited | 0.69% | 0.69% |
| CESC Limited | 0.62% | 0.62% |
| Jaiprakash Power Ventures Limited | 0.58% | 0.58% |
| NCC Limited | 0.57% | 0.58% |
| Cholamandalam Financial Holdings Limited | 0.52% | 0.52% |
| Chambal Fertilizers & Chemicals Limited | 0.45% | 0.45% |
| Bandhan Bank Limited | 0.45% | 0.45% |
| Bank of Maharashtra | 0.41% | 0.41% |
| Indraprastha Gas Limited | 0.35% | 0.35% |
| Castrol India Limited | 0.34% | 0.34% |
| RBL Bank Limited | 0.23% | 0.23% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 100.0% means 100.0% 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 Nifty500 Value 50 ETF
Every holding of this fund is also held by the other.
Largest holdings only in UTI Nifty 500 Value 50 Index Fund
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 Nifty500 Value 50 ETF | UTI Nifty 500 Value 50 Index |
|---|---|---|
| Equity | 100.0% | 100.2% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | -0.2% |
Market cap of stocks
| Market cap | Axis Nifty500 Value 50 ETF | UTI Nifty 500 Value 50 Index |
|---|---|---|
| Large Cap | 65.1% | 65.2% |
| Mid Cap | 20.2% | 20.2% |
| Small Cap | 14.7% | 14.7% |
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 Nifty500 Value 50 ETF | UTI Nifty 500 Value 50 Index |
|---|---|---|
| Banks | 18.7% | 18.7% |
| Power | 11.7% | 11.7% |
| Petroleum Products | 10.7% | 10.7% |
| Non - Ferrous Metals | 6.8% | 6.8% |
| Oil | 6.0% | 6.0% |
| Finance | 5.7% | 5.7% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Nifty500 Value 50 ETF vs UTI Nifty 500 Value 50 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Nifty500 Value 50 ETF | UTI Nifty 500 Value 50 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.73% |
| Base expense ratio (Direct) | 0.00% | 0.49% |
| Total expense ratio (Regular) | Not available | 1.19% |
| Base expense ratio (Regular) | 0.24% | 0.90% |
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 Nifty500 Value 50 ETF vs UTI Nifty 500 Value 50 Index Fund: Frequently Asked Questions
What is the difference between Axis Nifty500 Value 50 ETF and UTI Nifty 500 Value 50 Index Fund?
Axis Nifty500 Value 50 ETF is an ETF fund, UTI Nifty 500 Value 50 Index Fund is an Index fund, run by Axis Mutual Fund and UTI Mutual Fund. Their portfolios overlap 100.0%. Axis Nifty500 Value 50 ETF charges 0.48% a year and UTI Nifty 500 Value 50 Index Fund 0.73%.
Which has given higher returns, Axis Nifty500 Value 50 ETF or UTI Nifty 500 Value 50 Index Fund?
Over 1 year: Axis Nifty500 Value 50 ETF −2.41%, UTI Nifty 500 Value 50 Index Fund −2.68%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Nifty500 Value 50 ETF or UTI Nifty 500 Value 50 Index Fund?
Axis Nifty500 Value 50 ETF charges less: 0.48% a year against 0.73%. These are the total expense ratios reported to AMFI.
How much do Axis Nifty500 Value 50 ETF and UTI Nifty 500 Value 50 Index Fund overlap?
100.0%. They hold 50 of the same securities, the largest shared ones being GRASIM, HINDALCO, COALINDIA. From each fund's latest monthly portfolio.
Which is riskier, Axis Nifty500 Value 50 ETF or UTI Nifty 500 Value 50 Index Fund?
On SEBI's riskometer, Axis Nifty500 Value 50 ETF is rated Very High and UTI Nifty 500 Value 50 Index Fund Very High. Over 1 years, the standard deviation of daily returns was 16.19% and 15.85% a year.
Can I invest in both Axis Nifty500 Value 50 ETF and UTI Nifty 500 Value 50 Index Fund?
Yes. 100.0% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Axis Nifty500 Value 50 ETF and UTI Nifty 500 Value 50 Index Fund?
Axis Nifty500 Value 50 ETF: Nandik Malik, Rohit Gautam. UTI Nifty 500 Value 50 Index Fund: Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3.
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.