Axis Nifty500 Value 50 Index Fund vs Mirae Asset Nifty 500 Value 50 ETF

Direct Plan where a fund has one, Growth option · Data as on 30-10-2026

Axis Nifty500 Value 50 Index Fund is an Index fund and Mirae Asset Nifty 500 Value 50 ETF is a mutual fund. Axis Nifty500 Value 50 Index Fund charges 0.39% a year and Mirae Asset Nifty 500 Value 50 ETF 0.97%. Their portfolios overlap 99.9%: they hold 50 of the same securities.

Axis Nifty500 Value 50 Index Fund

Index

Expense ratio: 0.39%
NAV: ₹10.51

See Axis Nifty500 Value 50 Index Fund

Mirae Asset Nifty 500 Value 50 ETF

Expense ratio: 0.97%
NAV: ₹14.79

See Mirae Asset Nifty 500 Value 50 ETF

Which is better, Axis Nifty500 Value 50 Index or Mirae Asset Nifty 500 Value 50 ETF? 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 Index costs less: 0.39% a year against 0.97%.
Axis Nifty500 Value 50 Index fell less in its worst fall since 23-03-2026: −13.9% against −14.0%.
Axis Nifty500 Value 50 Index is the larger fund: ₹234 Cr against ₹12 Cr.
Their portfolios overlap 99.9%: 50 of the same holdings.

Past returns do not promise future returns. This page is information, not investment advice.

NAV comparison

How each fund's NAV moved over the same days, as % change since the first day of the range

Axis Nifty500 Value 50 Index Fund (Direct)
−0.7%
Mirae Asset Nifty 500 Value 50 ETF
−0.7%

Change in NAV from 23-03-2026 to 30-10-2026

0%+5%+10%+15%

Key facts

From each fund's scheme summary document and AMFI

Fact	Axis Nifty500 Value 50 Index Fund	Mirae Asset Nifty 500 Value 50 ETF
Fund house	Axis Mutual Fund	Mirae Asset Mutual Fund
Category	Index	Not available
AUM	₹234 Cr (30-09-2026)	₹12 Cr (30-09-2026)
NAV	₹10.51 (Direct)	₹14.79
Expense ratio (Direct)	0.39%	Not available
Expense ratio (Regular)	1.24%	Not available
Riskometer	Very High	Not available
Benchmark	NIFTY500 Value 50 TRI	Not available
Launch date	24-10-2024	Not available
Minimum investment	₹100	Not available
Lock in	None	Not available
Fund managers	Nandik Malik, Rohit Gautam	Not available
Exit load	NIL	Not available

Axis Nifty500 Value 50 Index vs Mirae Asset Nifty 500 Value 50 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 Nifty500 Value 50 Index Fund (Direct)	−3.65%	−8.37%	−10.88%	−2.28%	--	--	--
Mirae Asset Nifty 500 Value 50 ETF	−3.65%	−8.37%	−10.92%	--	--	--	--

Axis Nifty500 Value 50 Index vs Mirae Asset Nifty 500 Value 50 ETF: Year-wise Returns

Year	Axis Nifty500 Value 50 IndexAxis Nifty500 Value 50 Index	Mirae Asset Nifty 500 Value 50 ETFMirae Asset Nifty 500 Value 50 ETF	NIFTY500 Value 50 TRI
2026to date	−4.54%	--	−4.37%
2025	+16.62%	--	+16.93%

Axis Nifty500 Value 50 Index vs Mirae Asset Nifty 500 Value 50 ETF: Rolling Returns

Every holding period of both funds, against NIFTY500 Value 50 TRI, the benchmark of both

Axis Nifty500 Value 50 Index vs Mirae Asset Nifty 500 Value 50 ETF: Risk and Drawdowns

How much each fund swings, and the worst fall over the same days

Risk and return

Measure	Axis Nifty500 Value 50 Index Fund (Direct)	Mirae Asset Nifty 500 Value 50 ETF
Return (CAGR)	+2.39%	−1.11%
Standard deviation	17.20%	13.69%
Sharpe ratio	-0.19	-0.47
Sortino ratio	-0.25	-0.64
Maximum drawdown	−18.1% (28-02-2025)	−14.0% (23-10-2026)
Beta	1.00	1.00
Alpha	−0.27%	−0.52%

From daily NAVs, 30-10-2024 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.

−15%−10%−5%0%

Axis Nifty500 Value 50 Index Fund (Direct)Mirae Asset Nifty 500 Value 50 ETFNIFTY500 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 Index Fund (Direct)	−13.9%	27-05-2026	23-10-2026	Not yet	--	−12.7%
Mirae Asset Nifty 500 Value 50 ETF	−14.0%	27-05-2026	23-10-2026	Not yet	--	−12.8%
NIFTY500 Value 50 TRI	−13.8%	27-05-2026	23-10-2026	Not yet	--	−12.5%

From daily values since 23-03-2026, the first day every fund has.

Axis Nifty500 Value 50 Index vs Mirae Asset Nifty 500 Value 50 ETF: Portfolio Overlap

From each fund's latest monthly portfolio: Axis Nifty500 Value 50 Index Fund, September 2026; Mirae Asset Nifty 500 Value 50 ETF, September 2026

Holdings in common

Overlap: 99.9%
Held by both: 50
Only in Axis Nifty500 Value 50 Index: 0
Only in Mirae Asset Nifty 500 Value 50 ETF: 0

Security	% of Axis Nifty500 Value 50 Index	% of Mirae Asset Nifty 500 Value 50 ETF
Grasim Industries Limited	5.28%	5.27%
Hindalco Industries Limited	5.20%	5.19%
Coal India Limited	5.19%	5.18%
Oil & Natural Gas Corporation Limited	5.08%	5.07%
State Bank of India	5.00%	4.99%
Vedanta Limited	4.95%	4.94%
NTPC Limited	4.88%	4.87%
Power Grid Corporation of India Limited	4.83%	4.82%
Tata Motors Passenger Vehicles Limited	4.37%	4.37%
Bharat Petroleum Corporation Limited	4.27%	4.26%
Indian Oil Corporation Limited	3.63%	3.63%
Redington Limited	3.25%	3.24%
Power Finance Corporation Limited	2.48%	2.48%
Hindustan Petroleum Corporation Limited	2.48%	2.47%
Aster DM Quality Care Limited	2.37%	2.37%
GAIL (India) Limited	2.29%	2.28%
Bank of Baroda	1.94%	1.94%
REC Limited	1.90%	1.90%
NMDC Limited	1.88%	1.88%
UPL Limited	1.82%	1.81%
Canara Bank	1.77%	1.77%
Punjab National Bank	1.76%	1.75%
IndusInd Bank Limited	1.74%	1.74%
Steel Authority of India Limited	1.73%	1.72%
National Aluminium Company Limited	1.64%	1.64%
The Federal Bank Limited	1.54%	1.54%
Union Bank of India	1.37%	1.36%
The Great Eastern Shipping Company Limited	1.34%	1.33%
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%
Karur Vysya Bank Limited	0.77%	0.77%
LIC Housing Finance Limited	0.77%	0.77%
Reliance Power Limited	0.77%	0.77%
AWL Agri Business Limited	0.76%	0.76%
Cyient 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	0.58%	0.57%
Cholamandalam Financial Holdings Limited	0.52%	0.52%
Bandhan Bank Limited	0.45%	0.45%
Chambal Fertilizers & Chemicals 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. 99.9% means 99.9% 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 Nifty500 Value 50 Index Fund

Every holding of this fund is also held by the other.

Largest holdings only in Mirae Asset Nifty 500 Value 50 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 Nifty500 Value 50 Index	Mirae Asset Nifty 500 Value 50 ETF
Equity	100.2%	99.9%
Debt	0.0%	0.0%
Cash and others	-0.2%	0.1%

Market cap of stocks

Market cap	Axis Nifty500 Value 50 Index	Mirae Asset Nifty 500 Value 50 ETF
Large Cap	65.2%	65.1%
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 Index	Mirae Asset Nifty 500 Value 50 ETF
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 Index vs Mirae Asset Nifty 500 Value 50 ETF: Expense Ratio

What each plan charges a year, from AMFI's expense ratio file

Charge	Axis Nifty500 Value 50 Index Fund	Mirae Asset Nifty 500 Value 50 ETF
Total expense ratio (Direct)	0.39%	Not available
Base expense ratio (Direct)	0.16%	0.00%
Total expense ratio (Regular)	1.24%	Not available
Base expense ratio (Regular)	0.90%	0.20%

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 Index Fund vs Mirae Asset Nifty 500 Value 50 ETF: Frequently Asked Questions

What is the difference between Axis Nifty500 Value 50 Index Fund and Mirae Asset Nifty 500 Value 50 ETF?

Axis Nifty500 Value 50 Index Fund is an Index fund, Mirae Asset Nifty 500 Value 50 ETF is a mutual fund, run by Axis Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 99.9%. Axis Nifty500 Value 50 Index Fund charges 0.39% a year and Mirae Asset Nifty 500 Value 50 ETF 0.97%.

Which has the lower expense ratio, Axis Nifty500 Value 50 Index Fund or Mirae Asset Nifty 500 Value 50 ETF?

Axis Nifty500 Value 50 Index Fund charges less: 0.39% a year against 0.97%. These are the total expense ratios reported to AMFI.

How much do Axis Nifty500 Value 50 Index Fund and Mirae Asset Nifty 500 Value 50 ETF overlap?

99.9%. They hold 50 of the same securities, the largest shared ones being GRASIM, HINDALCO, COALINDIA. From each fund's latest monthly portfolio.

Can I invest in both Axis Nifty500 Value 50 Index Fund and Mirae Asset Nifty 500 Value 50 ETF?

Yes. 99.9% of each fund's money sits in the same holdings, so a large part of the two investments would move together.

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.