Groww Aggressive Hybrid Fund vs Zerodha Nifty LargeMidcap 250 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Groww Aggressive Hybrid Fund is an Aggressive Hybrid fund and Zerodha Nifty LargeMidcap 250 Index Fund is an Index fund. In the year to 30-10-2026, Groww Aggressive Hybrid Fund (Direct) returned −5.5% and Zerodha Nifty LargeMidcap 250 Index Fund (Direct) returned −6.2%. Groww Aggressive Hybrid Fund charges 2.10% a year and Zerodha Nifty LargeMidcap 250 Index Fund 0.38% (Direct plans). Their portfolios overlap 57.7%: they hold 78 of the same securities.
Groww Aggressive Hybrid Fund
Aggressive Hybrid
- 1 year return
- −5.5%
- Expense ratio
- 2.10%
- NAV
- ₹22.50
Zerodha Nifty LargeMidcap 250 Index Fund
Index
- 1 year return
- −6.2%
- Expense ratio
- 0.38%
- NAV
- ₹13.46
Which is better, Groww Aggressive Hybrid or Zerodha Nifty LargeMidcap 250 Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Groww Aggressive Hybrid returned more over 1 year: −5.5% against −6.2%.
- Zerodha Nifty LargeMidcap 250 Index costs less: 0.38% a year against 2.10% (Direct plans).
- Groww Aggressive Hybrid fell less in its worst fall since 10-11-2023: −14.3% against −18.8%.
- Zerodha Nifty LargeMidcap 250 Index is the larger fund: ₹1,569 Cr against ₹51 Cr.
- Their portfolios overlap 57.7%: 78 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 | Groww Aggressive Hybrid Fund | Zerodha Nifty LargeMidcap 250 Index Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | Zerodha Mutual Fund |
| Category | Aggressive Hybrid | Index |
| AUM | ₹51 Cr (30-09-2026) | ₹1,569 Cr (30-09-2026) |
| NAV | ₹22.50 (Direct) | ₹13.46 (Direct) |
| Expense ratio (Direct) | 2.10% | 0.38% |
| Expense ratio (Regular) | 2.86% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | CRISIL Hybrid 35+65 - Aggressive Index | Nifty LargeMidcap 250 TRI |
| Launch date | 13-12-2018 | 08-11-2023 |
| Minimum investment | ₹500 | Rs. 100. |
| Lock in | None | None |
| Fund managers | Paras Matalia, Nikhil Satam, Kaustubh Sule, Wilfred Gonsalves | Kedarnath Mirajkar |
| Exit load | 1% if redeemed/ switched outwithin 7 Days from the date ofallotment, Nil - if redeemed/ switched out after 7 Days from the date of allotment | Nil |
Groww Aggressive Hybrid vs Zerodha Nifty LargeMidcap 250 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 |
|---|---|---|---|---|---|---|---|
| Groww Aggressive Hybrid Fund (Direct) | +0.12% | −3.63% | −1.05% | −5.46% | +8.76% | +7.22% | -- |
| Zerodha Nifty LargeMidcap 250 Index Fund (Direct) | −1.31% | −6.83% | −3.29% | −6.24% | -- | -- | -- |
| Aggressive Hybrid average | −0.88% | −3.67% | −0.27% | −3.33% | +10.77% | +9.35% | -- |
Category average: the average of the 29 Aggressive Hybrid funds, same plan type.
Groww Aggressive Hybrid vs Zerodha Nifty LargeMidcap 250 Index: Year-wise Returns
| Year | Groww Aggressive HybridGroww Aggressive Hybrid | Zerodha Nifty LargeMidcap 250 IndexZerodha Nifty LargeMidcap 250 Index |
|---|---|---|
| 2026to date | −5.65% | −6.89% |
| 2025 | +6.46% | +8.37% |
| 2024 | +13.64% | +18.50% |
| 2023 | +19.86% | -- |
| 2022 | +5.74% | -- |
| 2021 | +20.12% | -- |
Groww Aggressive Hybrid vs Zerodha Nifty LargeMidcap 250 Index: Rolling Returns
Every holding period of both funds, against NIFTY LargeMidcap 250 TRI, the benchmark of Zerodha Nifty LargeMidcap 250 Index Fund
Rolling returns
Every 1-year holding period, 485 of them, one for each trading day from 11-11-2024 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.
Groww Aggressive Hybrid Fund (Direct)
Zerodha Nifty LargeMidcap 250 Index Fund (Direct)
NIFTY LargeMidcap 250 TRI
to
Jan 2025May 2024
to
May 2025Sept 2024
to
Sept 2025Jan 2025
to
Jan 2026May 2025
to
May 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Groww Aggressive Hybrid | 20.2 | 44.5 | 22.9 | 5.6 | 2.1 | 3.3 | 1.4 | 4.4% | 2.7% | −7.0% | 27.8% | 14% |
| Zerodha Nifty LargeMidcap 250 Index | 14.4 | 31.8 | 29.7 | 12.6 | 4.7 | 1.9 | 4.9 | 6.9% | 5.7% | −7.7% | 33.3% | 81% |
| NIFTY LargeMidcap 250 TRI | 15.7 | 31.1 | 30.5 | 11.1 | 4.7 | 1.9 | 4.9 | 6.8% | 5.6% | −8.0% | 33.7% | -- |
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 LargeMidcap 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 10-11-2023. Past returns do not promise future returns.
Groww Aggressive Hybrid vs Zerodha Nifty LargeMidcap 250 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 01-11-2023 to 30-10-2026: 36 instalments, ₹3,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Groww Aggressive HybridGroww Aggressive Hybrid Fund (Direct) | ₹3,60,000 | ₹3,65,843 | ₹5,843 | 1.1% |
| Zerodha Nifty LargeMidcap 250 IndexZerodha Nifty LargeMidcap 250 Index Fund (Direct) | ₹3,60,000 | ₹3,69,843 | ₹9,843 | 1.8% |
Groww Aggressive HybridGroww Aggressive Hybrid Fund (Direct)
Zerodha Nifty LargeMidcap 250 IndexZerodha Nifty LargeMidcap 250 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.
Groww Aggressive Hybrid vs Zerodha Nifty LargeMidcap 250 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Groww Aggressive Hybrid Fund (Direct) | Zerodha Nifty LargeMidcap 250 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.46% | −6.24% |
| Standard deviation | 10.64% | 14.85% |
| Sharpe ratio | -1.01 | -0.77 |
| Sortino ratio | -1.34 | -1.03 |
| Maximum drawdown | −11.2% (31-03-2026) | −14.3% (30-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | +0.23% |
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 | Groww Aggressive Hybrid Fund (Direct) | Zerodha Nifty LargeMidcap 250 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.82% | +10.48% |
| Standard deviation | 12.55% | 14.89% |
| Sharpe ratio | 0.45 | 0.30 |
| Sortino ratio | 0.60 | 0.40 |
| Maximum drawdown | −28.2% (23-03-2020) | −18.8% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | +0.04% |
From daily NAVs, 14-12-2018 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.
Groww Aggressive Hybrid Fund (Direct)
Zerodha Nifty LargeMidcap 250 Index Fund (Direct)
NIFTY LargeMidcap 250 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Groww Aggressive Hybrid Fund (Direct) | −14.3% | 26-09-2024 | 28-02-2025 | 02-01-2026 | 10 months | −6.5% |
| Zerodha Nifty LargeMidcap 250 Index Fund (Direct) | −18.8% | 26-09-2024 | 28-02-2025 | 17-11-2025 | 9 months | −8.6% |
| NIFTY LargeMidcap 250 TRI | −18.8% | 26-09-2024 | 28-02-2025 | 17-11-2025 | 9 months | −8.6% |
From daily values since 10-11-2023, 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.
Groww Aggressive Hybrid Fund (Direct)
Zerodha Nifty LargeMidcap 250 Index Fund (Direct)
NIFTY LargeMidcap 250 TRI
Against NIFTY LargeMidcap 250 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Groww Aggressive Hybrid Fund (Direct) | 73% | 71% | 5.74% |
| Zerodha Nifty LargeMidcap 250 Index Fund (Direct) | 100% | 100% | 0.08% |
From month-end values since 10-11-2023. 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.
Groww Aggressive Hybrid vs Zerodha Nifty LargeMidcap 250 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Aggressive Hybrid Fund, September 2026; Zerodha Nifty LargeMidcap 250 Index Fund, September 2026
Holdings in common
- Overlap
- 57.7%
- Held by both
- 78
- Only in Groww Aggressive Hybrid
- 7
- Only in Zerodha Nifty LargeMidcap 250 Index
- 172
| Security | % of Groww Aggressive Hybrid | % of Zerodha Nifty LargeMidcap 250 Index |
|---|---|---|
| HDFC Bank Limited | 4.61% | 4.22% |
| ICICI Bank Limited | 3.89% | 3.68% |
| Reliance Industries Limited | 3.36% | 3.08% |
| Bharti Airtel Limited | 2.17% | 2.07% |
| Larsen & Toubro Limited | 1.76% | 1.71% |
| State Bank of India | 1.70% | 1.54% |
| Axis Bank Limited | 1.58% | 1.37% |
| Infosys Limited | 1.31% | 1.36% |
| Kotak Mahindra Bank Limited | 1.21% | 1.19% |
| Multi Commodity Exchange of India Ltd. | 1.40% | 1.04% |
| Mahindra & Mahindra Limited | 1.08% | 1.02% |
| Bajaj Finance Limited | 1.07% | 1.02% |
| ITC Limited | 0.96% | 0.98% |
| The Federal Bank Limited | 1.20% | 0.96% |
| Laurus Labs Limited | 1.25% | 0.95% |
| Eternal Limited | 0.90% | 0.90% |
| The Indian Hotels Company Limited | 0.92% | 0.79% |
| Tata Consultancy Services Limited | 0.76% | 0.81% |
| Titan Company Limited | 0.84% | 0.74% |
| Sun Pharmaceutical Industries Limited | 0.74% | 0.75% |
| Coforge Limited | 0.73% | 0.75% |
| IndusInd Bank Limited | 0.91% | 0.73% |
| AU Small Finance Bank Limited | 0.90% | 0.72% |
| PERSISTENT SYSTEMS LTD | 0.70% | 0.71% |
| Dixon Technologies (India) Limited | 0.92% | 0.67% |
| IDFC First Bank Limited | 0.76% | 0.67% |
| Bharat Forge Limited | 0.83% | 0.66% |
| Hindustan Unilever Limited | 0.70% | 0.65% |
| Hero MotoCorp Limited | 0.64% | 0.84% |
| Maruti Suzuki India Limited | 0.69% | 0.60% |
| Tata Steel Limited | 0.68% | 0.59% |
| Indus Towers Limited | 0.67% | 0.59% |
| Suzlon Energy Limited | 0.65% | 0.59% |
| One 97 Communications Limited | 0.59% | 0.89% |
| Info Edge (India) Limited | 0.64% | 0.58% |
| Aurobindo Pharma Limited | 0.67% | 0.57% |
| NTPC Limited | 0.57% | 0.60% |
| Adani Port & Special Economic Zone Ltd | 0.91% | 0.55% |
| FSN E-Commerce Ventures Limited | 0.61% | 0.54% |
| Bharat Electronics Limited | 0.58% | 0.54% |
| Ashok Leyland Limited | 0.55% | 0.54% |
| Hindalco Industries Limited | 0.68% | 0.53% |
| Shriram Finance Limited | 0.60% | 0.53% |
| Marico Limited | 0.68% | 0.51% |
| UltraTech Cement Limited | 0.61% | 0.50% |
| BSE Ltd | 0.64% | 0.49% |
| United Spirits Limited | 0.57% | 0.49% |
| Fortis Healthcare Limited | 0.51% | 0.49% |
| ICICI Lombard General Insurance Company | 0.56% | 0.48% |
| JSW Steel Limited | 0.74% | 0.47% |
| Bajaj Auto Limited | 0.57% | 0.46% |
| REC Limited | 0.51% | 0.46% |
| HCL Technologies Limited | 0.45% | 0.50% |
| Grasim Industries Limited | 0.61% | 0.45% |
| Yes Bank Ltd | 0.50% | 0.45% |
| SRF Limited | 0.56% | 0.44% |
| The Phoenix Mills Limited | 0.56% | 0.44% |
| Max Financial Services Limited | 0.42% | 0.45% |
| Radico Khaitan Limited | 0.62% | 0.42% |
| Asian Paints Limited | 0.48% | 0.42% |
| Aditya Birla Capital Limited | 0.48% | 0.40% |
| Power Grid Corporation of India Limited | 0.40% | 0.46% |
| Bajaj Finserv Limited | 0.44% | 0.39% |
| Adani Enterprises Limited | 0.54% | 0.38% |
| Eicher Motors Limited | 0.51% | 0.38% |
| National Aluminium Company Limited | 0.37% | 0.38% |
| UPL Limited | 0.51% | 0.37% |
| Shree Cement Limited | 0.43% | 0.37% |
| Nestle India Limited | 0.45% | 0.36% |
| Lupin Limited | 0.34% | 0.61% |
| NMDC Limited | 0.49% | 0.33% |
| Steel Authority of India Limited | 0.44% | 0.32% |
| Dr. Reddy's Laboratories Limited | 0.64% | 0.29% |
| Max Healthcare Institute Limited | 0.59% | 0.27% |
| Tata Consumer Products Limited | 0.85% | 0.24% |
| HDFC Asset Management Company Limited | 0.67% | 0.18% |
| Vedanta Limited | 0.64% | 0.18% |
| Punjab National Bank | 0.53% | 0.15% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 57.7% means 57.7% 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 Groww Aggressive Hybrid Fund
| Security | % of fund |
|---|---|
| Kotak Mahindra Bank Limited 18-DEC-2026 | 9.64% |
| Union Bank of India 15-MAR-2027 | 2.27% |
| Navin Fluorine International Limited | 0.67% |
| Sona BLW Precision Forgings Limited | 0.60% |
| RBL Bank Limited | 0.55% |
Largest holdings only in Zerodha Nifty LargeMidcap 250 Index Fund
| Security | % of fund |
|---|---|
| Bharat Heavy Electricals Limited | 0.75% |
| GE Vernova T&D India Limited | 0.64% |
| Life Insurance Corporation Of India | 0.62% |
| Lenskart Solutions Limited | 0.62% |
| APL Apollo Tubes Limited | 0.49% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Aggressive Hybrid | Zerodha Nifty LargeMidcap 250 Index |
|---|---|---|
| Equity | 69.7% | 99.6% |
| Debt | 11.9% | 0.0% |
| Cash and others | 18.4% | 0.4% |
Market cap of stocks
| Market cap | Groww Aggressive Hybrid | Zerodha Nifty LargeMidcap 250 Index |
|---|---|---|
| Large Cap | 43.1% | 52.0% |
| Mid Cap | 25.3% | 46.3% |
| Small Cap | 1.3% | 1.3% |
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 | Groww Aggressive Hybrid | Zerodha Nifty LargeMidcap 250 Index |
|---|---|---|
| Banks | 18.4% | 16.9% |
| Pharmaceuticals & Biotechnology | 3.6% | 6.7% |
| Finance | 3.1% | 6.5% |
| IT - Software | 4.0% | 5.6% |
| Retailing | 2.2% | 4.3% |
| Automobiles | 3.5% | 4.0% |
| Petroleum Products | 3.4% | 3.9% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Aggressive Hybrid vs Zerodha Nifty LargeMidcap 250 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Aggressive Hybrid Fund | Zerodha Nifty LargeMidcap 250 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 2.10% | 0.38% |
| Base expense ratio (Direct) | 1.39% | 0.25% |
| Total expense ratio (Regular) | 2.86% | Not available |
| Base expense ratio (Regular) | 2.07% | 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.
More comparisons
Each fund against the others of its category
Groww Aggressive Hybrid Fund vs Zerodha Nifty LargeMidcap 250 Index Fund: Frequently Asked Questions
What is the difference between Groww Aggressive Hybrid Fund and Zerodha Nifty LargeMidcap 250 Index Fund?
Groww Aggressive Hybrid Fund is an Aggressive Hybrid fund, Zerodha Nifty LargeMidcap 250 Index Fund is an Index fund, run by Groww Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 57.7%. Groww Aggressive Hybrid Fund charges 2.10% a year and Zerodha Nifty LargeMidcap 250 Index Fund 0.38%.
Which has given higher returns, Groww Aggressive Hybrid Fund or Zerodha Nifty LargeMidcap 250 Index Fund?
Over 1 year: Groww Aggressive Hybrid Fund −5.46%, Zerodha Nifty LargeMidcap 250 Index Fund −6.24%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Groww Aggressive Hybrid Fund or Zerodha Nifty LargeMidcap 250 Index Fund?
Zerodha Nifty LargeMidcap 250 Index Fund charges less: 0.38% a year against 2.10%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Groww Aggressive Hybrid Fund and Zerodha Nifty LargeMidcap 250 Index Fund overlap?
57.7%. They hold 78 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Groww Aggressive Hybrid Fund or Zerodha Nifty LargeMidcap 250 Index Fund?
On SEBI's riskometer, Groww Aggressive Hybrid Fund is rated Very High and Zerodha Nifty LargeMidcap 250 Index Fund Very High. Over 1 years, the standard deviation of daily returns was 10.64% and 14.85% a year.
Can I invest in both Groww Aggressive Hybrid Fund and Zerodha Nifty LargeMidcap 250 Index Fund?
Yes. 57.7% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Groww Aggressive Hybrid Fund and Zerodha Nifty LargeMidcap 250 Index Fund?
Groww Aggressive Hybrid Fund: Paras Matalia, Nikhil Satam, Kaustubh Sule, Wilfred Gonsalves. Zerodha Nifty LargeMidcap 250 Index Fund: 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.