Edelweiss Nifty Smallcap 250 Index Fund vs Zerodha Nifty Smallcap 100 ETF
Direct Plan, Growth option · Data as on 30-10-2026
Edelweiss Nifty Smallcap 250 Index Fund is an Index fund and Zerodha Nifty Smallcap 100 ETF is an ETF fund. In the year to 30-10-2026, Edelweiss Nifty Smallcap 250 Index Fund (Direct) returned −3.4% and Zerodha Nifty Smallcap 100 ETF (Direct) returned 0.7%. Edelweiss Nifty Smallcap 250 Index Fund charges 0.32% a year and Zerodha Nifty Smallcap 100 ETF 0.35% (Direct plans). Their portfolios overlap 52.9%: they hold 98 of the same securities.
Edelweiss Nifty Smallcap 250 Index Fund
Index
- 1 year return
- −3.4%
- Expense ratio
- 0.32%
- NAV
- ₹17.49
Zerodha Nifty Smallcap 100 ETF
ETF
- 1 year return
- 0.7%
- Expense ratio
- 0.35%
- NAV
- ₹10.48
Which is better, Edelweiss Nifty Smallcap 250 Index or Zerodha Nifty Smallcap 100 ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Zerodha Nifty Smallcap 100 ETF returned more over 1 year: 0.7% against −3.4%.
- Edelweiss Nifty Smallcap 250 Index costs less: 0.32% a year against 0.35% (Direct plans).
- Zerodha Nifty Smallcap 100 ETF fell less in its worst fall since 12-09-2025: −18.1% against −18.7%.
- Edelweiss Nifty Smallcap 250 Index is the larger fund: ₹277 Cr against ₹101 Cr.
- Their portfolios overlap 52.9%: 98 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 | Edelweiss Nifty Smallcap 250 Index Fund | Zerodha Nifty Smallcap 100 ETF |
|---|---|---|
| Fund house | Edelweiss Mutual Fund | Zerodha Mutual Fund |
| Category | Index | ETF |
| AUM | ₹277 Cr (30-09-2026) | ₹101 Cr (30-09-2026) |
| NAV | ₹17.49 (Direct) | ₹10.48 (Direct) |
| Expense ratio (Direct) | 0.32% | 0.35% |
| Expense ratio (Regular) | 0.94% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Smallcap 250 TRI | Nifty Smallcap 100 TRI |
| Launch date | 30-11-2022 | 09-09-2025 |
| Minimum investment | ₹100 | In creation unit size of 1,50,000 Units and in multiples of 10 units thereof |
| Lock in | None | None |
| Fund managers | Bhavesh Jain, Manasi Jalgaonkar | Kedarnath Mirajkar |
| Exit load | Nil | Nil |
Edelweiss Nifty Smallcap 250 Index vs Zerodha Nifty Smallcap 100 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 |
|---|---|---|---|---|---|---|---|
| Edelweiss Nifty Smallcap 250 Index Fund (Direct) | −5.88% | −5.95% | +0.48% | −3.36% | +11.97% | -- | -- |
| Zerodha Nifty Smallcap 100 ETF (Direct) | −4.23% | −4.17% | +2.78% | +0.72% | -- | -- | -- |
Edelweiss Nifty Smallcap 250 Index vs Zerodha Nifty Smallcap 100 ETF: Year-wise Returns
| Year | Edelweiss Nifty Smallcap 250 IndexEdelweiss Nifty Smallcap 250 Index | Zerodha Nifty Smallcap 100 ETFZerodha Nifty Smallcap 100 ETF |
|---|---|---|
| 2026to date | +0.82% | +4.86% |
| 2025 | −5.84% | -- |
| 2024 | +26.88% | -- |
| 2023 | +48.00% | -- |
Edelweiss Nifty Smallcap 250 Index vs Zerodha Nifty Smallcap 100 ETF: Rolling Returns
Every holding period of both funds, against Nifty Smallcap 250 TRI, the benchmark of Edelweiss Nifty Smallcap 250 Index Fund
Rolling returns
Every 1-year holding period, 31 of them, one for each trading day from 15-09-2026 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.
Edelweiss Nifty Smallcap 250 Index Fund (Direct)
Zerodha Nifty Smallcap 100 ETF (Direct)
Nifty Smallcap 250 TRI
to
Sept 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Edelweiss Nifty Smallcap 250 Index | 22.6 | 45.2 | 32.3 | 0.0 | 0.0 | 0.0 | 0.0 | 3.3% | 4.1% | −4.6% | 7.4% | 6% |
| Zerodha Nifty Smallcap 100 ETF | 6.7 | 13.3 | 60.0 | 20.0 | 0.0 | 0.0 | 0.0 | 6.9% | 8.0% | −2.3% | 11.3% | 100% |
| Nifty Smallcap 250 TRI | 22.6 | 35.5 | 41.9 | 0.0 | 0.0 | 0.0 | 0.0 | 3.5% | 4.4% | −4.4% | 7.7% | -- |
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 Smallcap 250 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 12-09-2025. Past returns do not promise future returns.
Edelweiss Nifty Smallcap 250 Index vs Zerodha Nifty Smallcap 100 ETF: 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 01-09-2025 to 30-10-2026: 14 instalments, ₹1,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Edelweiss Nifty Smallcap 250 IndexEdelweiss Nifty Smallcap 250 Index Fund (Direct) | ₹1,40,000 | ₹1,40,089 | ₹89 | 0.1% |
| Zerodha Nifty Smallcap 100 ETFZerodha Nifty Smallcap 100 ETF (Direct) | ₹1,40,000 | ₹1,44,600 | ₹4,600 | 5.4% |
Edelweiss Nifty Smallcap 250 IndexEdelweiss Nifty Smallcap 250 Index Fund (Direct)
Zerodha Nifty Smallcap 100 ETFZerodha Nifty Smallcap 100 ETF (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.
Edelweiss Nifty Smallcap 250 Index vs Zerodha Nifty Smallcap 100 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Edelweiss Nifty Smallcap 250 Index Fund (Direct) | Zerodha Nifty Smallcap 100 ETF (Direct) |
|---|---|---|
| Return (CAGR) | −3.36% | +0.72% |
| Standard deviation | 17.91% | 19.18% |
| Sharpe ratio | -0.48 | -0.24 |
| Sortino ratio | -0.65 | -0.32 |
| Maximum drawdown | −18.3% (23-03-2026) | −18.1% (23-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.22% | +0.14% |
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 | Edelweiss Nifty Smallcap 250 Index Fund (Direct) | Zerodha Nifty Smallcap 100 ETF (Direct) |
|---|---|---|
| Return (CAGR) | +15.08% | +3.02% |
| Standard deviation | 17.84% | 18.41% |
| Sharpe ratio | 0.50 | -0.12 |
| Sortino ratio | 0.66 | -0.17 |
| Maximum drawdown | −26.1% (03-03-2025) | −18.1% (23-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.45% | +0.11% |
From daily NAVs, 02-12-2022 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.
Edelweiss Nifty Smallcap 250 Index Fund (Direct)
Zerodha Nifty Smallcap 100 ETF (Direct)
Nifty Smallcap 250 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Edelweiss Nifty Smallcap 250 Index Fund (Direct) | −18.7% | 19-09-2025 | 23-03-2026 | 17-06-2026 | 3 months | −9.5% |
| Zerodha Nifty Smallcap 100 ETF (Direct) | −18.1% | 03-11-2025 | 23-03-2026 | 06-05-2026 | 44 days | −8.5% |
| Nifty Smallcap 250 TRI | −18.6% | 19-09-2025 | 23-03-2026 | 17-06-2026 | 3 months | −9.4% |
From daily values since 12-09-2025, 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.
Edelweiss Nifty Smallcap 250 Index Fund (Direct)
Zerodha Nifty Smallcap 100 ETF (Direct)
Nifty Smallcap 250 TRI
Against Nifty Smallcap 250 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Edelweiss Nifty Smallcap 250 Index Fund (Direct) | 100% | 101% | 0.13% |
| Zerodha Nifty Smallcap 100 ETF (Direct) | 109% | 93% | 2.82% |
From month-end values since 12-09-2025. 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.
Edelweiss Nifty Smallcap 250 Index vs Zerodha Nifty Smallcap 100 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Edelweiss Nifty Smallcap 250 Index Fund, September 2026; Zerodha Nifty Smallcap 100 ETF, September 2026
Holdings in common
- Overlap
- 52.9%
- Held by both
- 98
- Only in Edelweiss Nifty Smallcap 250 Index
- 152
- Only in Zerodha Nifty Smallcap 100 ETF
- 0
| Security | % of Edelweiss Nifty Smallcap 250 Index | % of Zerodha Nifty Smallcap 100 ETF |
|---|---|---|
| Sona BLW Precision Forgings Ltd. | 1.67% | 3.01% |
| Welspun Corp Ltd. | 1.60% | 2.87% |
| Karur Vysya Bank Ltd. | 1.38% | 2.47% |
| Navin Fluorine International Ltd. | 1.36% | 2.45% |
| Ather Energy Ltd. | 1.21% | 2.18% |
| RBL Bank Ltd. | 1.12% | 2.01% |
| Delhivery Ltd. | 1.11% | 1.99% |
| REDINGTON LIMITED | 1.08% | 1.95% |
| Gland Pharma Ltd. | 1.04% | 1.86% |
| Central Depository Services (I) Ltd. | 1.01% | 1.81% |
| City Union Bank Ltd. | 0.98% | 1.75% |
| Sai Life Sciences Ltd | 0.95% | 1.70% |
| PNB Housing Finance Ltd. | 0.95% | 1.70% |
| Cupid Ltd. | 0.94% | 1.69% |
| Anand Rathi Wealth Ltd. | 0.87% | 1.56% |
| Kirloskar Oil Engines Ltd. | 0.86% | 1.55% |
| Neuland Laboratories Ltd. | 0.83% | 1.48% |
| TD Power Systems Ltd. | 0.80% | 1.44% |
| Angel One Ltd. | 0.80% | 1.44% |
| Bandhan Bank Ltd. | 0.79% | 1.42% |
| Wockhardt Ltd. | 0.78% | 1.41% |
| Aegis Logistics Ltd. | 0.78% | 1.40% |
| Manappuram Finance Ltd. | 0.78% | 1.40% |
| Acutaas Chemicals Ltd. | 0.76% | 1.37% |
| Himadri Speciality Chemical Ltd. | 0.72% | 1.29% |
| Computer Age Management Services Ltd. | 0.72% | 1.30% |
| Poonawalla Fincorp Ltd. | 0.71% | 1.27% |
| Dr. Lal Path Labs Ltd. | 0.70% | 1.25% |
| The Great Eastern Shipping Company Ltd. | 0.69% | 1.25% |
| Amber Enterprises India Ltd. | 0.65% | 1.18% |
| IIFL Finance Ltd. | 0.63% | 1.13% |
| Syrma Sgs Technology Ltd. | 0.62% | 1.11% |
| Cholamandalam Financial Holdings Ltd. | 0.62% | 1.11% |
| Crompton Greaves Cons Electrical Ltd. | 0.60% | 1.08% |
| Nuvama Wealth Management Ltd. | 0.60% | 1.07% |
| Apollo Tyres Ltd. | 0.59% | 1.05% |
| Piramal Pharma Ltd. | 0.58% | 1.03% |
| Data Patterns (India) Ltd. | 0.58% | 1.05% |
| Tata Technologies Ltd. | 0.55% | 0.98% |
| Onesource Specialty Pharma Ltd. | 0.54% | 0.97% |
| KFIN Technologies Ltd. | 0.50% | 0.91% |
| Tata Elxsi Ltd. | 0.49% | 0.86% |
| Kaynes Technology India Ltd. | 0.49% | 0.88% |
| Brigade Enterprises Ltd. | 0.48% | 0.86% |
| Sammaan Capital Ltd. | 0.47% | 0.85% |
| Indraprastha Gas Ltd. | 0.46% | 0.82% |
| Sagility Ltd. | 0.44% | 0.79% |
| Pine Labs Ltd. | 0.44% | 0.78% |
| Aarti Industries Ltd. | 0.44% | 0.79% |
| Affle 3i Ltd. | 0.43% | 0.77% |
| Tata Chemicals Ltd. | 0.43% | 0.77% |
| Capri Global Capital Ltd. | 0.43% | 0.77% |
| Inventurus Knowledge Solutions Ltd. | 0.41% | 0.74% |
| Anant Raj Ltd. | 0.41% | 0.74% |
| Deepak Fertilizers & Petrochem Corp Ltd. | 0.41% | 0.73% |
| Amara Raja Energy & Mobility Ltd. | 0.41% | 0.74% |
| Belrise Industries Ltd. | 0.41% | 0.73% |
| Netweb Technologies India Ltd. | 0.40% | 0.72% |
| HBL Engineering Ltd. | 0.40% | 0.72% |
| Jyoti CNC Automation Ltd. | 0.40% | 0.71% |
| Ola Electric Mobility Ltd. | 0.38% | 0.68% |
| CESC Ltd. | 0.38% | 0.68% |
| R R Kabel Ltd. | 0.38% | 0.67% |
| KPIT Technologies Ltd. | 0.37% | 0.67% |
| Force Motors Ltd. | 0.37% | 0.67% |
| National Buildings Construction Corporation Ltd. | 0.36% | 0.66% |
| PG Electroplast Ltd. | 0.36% | 0.64% |
| Firstsource Solutions Ltd. | 0.36% | 0.65% |
| BEML Ltd. | 0.34% | 0.61% |
| Physicswallah Ltd. | 0.33% | 0.59% |
| Natco Pharma Ltd. | 0.33% | 0.60% |
| Cohance Lifesciences Ltd. | 0.32% | 0.58% |
| Chennai Petroleum Corporation Ltd. | 0.31% | 0.56% |
| Syngene International Ltd. | 0.31% | 0.56% |
| Creditaccess Grameen Ltd. | 0.31% | 0.56% |
| Inox Wind Ltd. | 0.30% | 0.54% |
| Cemindia Projects Ltd. | 0.30% | 0.53% |
| Garden Reach Shipbuilders & Engineers | 0.29% | 0.52% |
| Triveni Turbine Ltd. | 0.28% | 0.51% |
| Urban Company Ltd. | 0.25% | 0.44% |
| Vedanta Power Ltd. | 0.25% | 0.45% |
| Devyani International Ltd. | 0.25% | 0.45% |
| Godawari Power And Ispat Ltd. | 0.24% | 0.44% |
| Tenneco Clean Air India Ltd. | 0.23% | 0.42% |
| KEC International Ltd. | 0.22% | 0.39% |
| IDBI Bank Ltd. | 0.21% | 0.37% |
| IFCI Ltd. | 0.21% | 0.37% |
| Emmvee Photovoltaic Power Ltd. | 0.20% | 0.35% |
| Gujarat Mineral Development Corporation Ltd. | 0.19% | 0.34% |
| JSW Cement Ltd. | 0.16% | 0.30% |
| Sterlite Technologies Ltd. | 0.15% | 0.23% |
| Mangalore Refinery & Petrochemicals Ltd. | 0.13% | 0.24% |
| Avanti Feeds Ltd. | 0.13% | 0.23% |
| ITI Ltd. | 0.11% | 0.19% |
| Central Mine Planning & Design Inst Ltd. | 0.10% | 0.18% |
| Jbm Auto Ltd. | 0.10% | 0.18% |
| Bharat Coking Coal Ltd. | 0.07% | 0.12% |
| Gallantt Ispat Ltd. | 0.07% | 0.13% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 52.9% means 52.9% 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 Edelweiss Nifty Smallcap 250 Index Fund
| Security | % of fund |
|---|---|
| HFCL Ltd. | 1.04% |
| BROOKFIELD INDIA REAL ESTATE TRUST | 1.01% |
| Sansera Engineering Ltd. | 0.95% |
| Krishna Inst of Medical Sciences Ltd. | 0.89% |
| Craftsman Automation Ltd. | 0.71% |
Largest holdings only in Zerodha Nifty Smallcap 100 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 | Edelweiss Nifty Smallcap 250 Index | Zerodha Nifty Smallcap 100 ETF |
|---|---|---|
| Equity | 97.2% | 95.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.8% | 5.0% |
Market cap of stocks
| Market cap | Edelweiss Nifty Smallcap 250 Index | Zerodha Nifty Smallcap 100 ETF |
|---|---|---|
| Large Cap | 0.0% | 0.0% |
| Mid Cap | 2.7% | 4.7% |
| Small Cap | 93.5% | 88.9% |
| Not on AMFI's list | 1.0% | 1.4% |
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 | Edelweiss Nifty Smallcap 250 Index | Zerodha Nifty Smallcap 100 ETF |
|---|---|---|
| Pharmaceuticals & Biotechnology | 7.8% | 11.0% |
| Finance | 7.6% | 9.2% |
| Auto Components | 8.5% | 6.1% |
| Industrial Products | 8.4% | 6.4% |
| Capital Markets | 5.4% | 8.1% |
| Banks | 5.1% | 8.0% |
| Chemicals & Petrochemicals | 5.7% | 6.0% |
The six largest sectors of each fund's stocks, % of the fund.
Edelweiss Nifty Smallcap 250 Index vs Zerodha Nifty Smallcap 100 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Edelweiss Nifty Smallcap 250 Index Fund | Zerodha Nifty Smallcap 100 ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.32% | 0.35% |
| Base expense ratio (Direct) | 0.12% | 0.18% |
| Total expense ratio (Regular) | 0.94% | Not available |
| Base expense ratio (Regular) | 0.65% | 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.
Edelweiss Nifty Smallcap 250 Index Fund vs Zerodha Nifty Smallcap 100 ETF: Frequently Asked Questions
What is the difference between Edelweiss Nifty Smallcap 250 Index Fund and Zerodha Nifty Smallcap 100 ETF?
Edelweiss Nifty Smallcap 250 Index Fund is an Index fund, Zerodha Nifty Smallcap 100 ETF is an ETF fund, run by Edelweiss Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 52.9%. Edelweiss Nifty Smallcap 250 Index Fund charges 0.32% a year and Zerodha Nifty Smallcap 100 ETF 0.35%.
Which has given higher returns, Edelweiss Nifty Smallcap 250 Index Fund or Zerodha Nifty Smallcap 100 ETF?
Over 1 year: Edelweiss Nifty Smallcap 250 Index Fund −3.36%, Zerodha Nifty Smallcap 100 ETF +0.72%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Edelweiss Nifty Smallcap 250 Index Fund or Zerodha Nifty Smallcap 100 ETF?
Edelweiss Nifty Smallcap 250 Index Fund charges less: 0.32% a year against 0.35%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Edelweiss Nifty Smallcap 250 Index Fund and Zerodha Nifty Smallcap 100 ETF overlap?
52.9%. They hold 98 of the same securities, the largest shared ones being SONACOMS, WELCORP, KARURVYSYA. From each fund's latest monthly portfolio.
Which is riskier, Edelweiss Nifty Smallcap 250 Index Fund or Zerodha Nifty Smallcap 100 ETF?
On SEBI's riskometer, Edelweiss Nifty Smallcap 250 Index Fund is rated Very High and Zerodha Nifty Smallcap 100 ETF Very High. Over 1 years, the standard deviation of daily returns was 17.91% and 19.18% a year.
Can I invest in both Edelweiss Nifty Smallcap 250 Index Fund and Zerodha Nifty Smallcap 100 ETF?
Yes. 52.9% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Edelweiss Nifty Smallcap 250 Index Fund and Zerodha Nifty Smallcap 100 ETF?
Edelweiss Nifty Smallcap 250 Index Fund: Bhavesh Jain, Manasi Jalgaonkar. Zerodha Nifty Smallcap 100 ETF: Kedarnath Mirajkar.
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.