Groww Multi Asset Allocation Fund vs Zerodha Nifty LargeMidcap 250 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Groww Multi Asset Allocation Fund is a Multi Asset fund and Zerodha Nifty LargeMidcap 250 Index Fund is an Index fund. In the year to 30-10-2026, Groww Multi Asset Allocation Fund (Direct) returned −0.8% and Zerodha Nifty LargeMidcap 250 Index Fund (Direct) returned −6.2%. Groww Multi Asset Allocation Fund charges 1.01% a year and Zerodha Nifty LargeMidcap 250 Index Fund 0.38% (Direct plans). Their portfolios overlap 47.8%: they hold 62 of the same securities.
Groww Multi Asset Allocation Fund
Multi Asset
- 1 year return
- −0.8%
- Expense ratio
- 1.01%
- NAV
- ₹10.01
Zerodha Nifty LargeMidcap 250 Index Fund
Index
- 1 year return
- −6.2%
- Expense ratio
- 0.38%
- NAV
- ₹13.46
Which is better, Groww Multi Asset Allocation 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 Multi Asset Allocation returned more over 1 year: −0.8% against −6.2%.
- Zerodha Nifty LargeMidcap 250 Index costs less: 0.38% a year against 1.01% (Direct plans).
- Groww Multi Asset Allocation fell less in its worst fall since 03-10-2025: −12.4% against −14.3%.
- Zerodha Nifty LargeMidcap 250 Index is the larger fund: ₹1,569 Cr against ₹373 Cr.
- Their portfolios overlap 47.8%: 62 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 Multi Asset Allocation Fund | Zerodha Nifty LargeMidcap 250 Index Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | Zerodha Mutual Fund |
| Category | Multi Asset | Index |
| AUM | ₹373 Cr (30-09-2026) | ₹1,569 Cr (30-09-2026) |
| NAV | ₹10.01 (Direct) | ₹13.46 (Direct) |
| Expense ratio (Direct) | 1.01% | 0.38% |
| Expense ratio (Regular) | 2.66% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | 60% Nifty 500 TRI + 30% CRISIL Composite Bond Fund Index + 5% Domestic Gold Prices + 5% Domestic Silver Prices | Nifty LargeMidcap 250 TRI |
| Launch date | 30-09-2025 | 08-11-2023 |
| Minimum investment | ₹500 | Rs. 100. |
| Lock in | None | None |
| Fund managers | Paras Matalia, Kaustubh Sule, Nikhil Satam, Wilfred Gonsalves | Kedarnath Mirajkar |
| Exit load | Exit load of 1%, if redeemed within 30 days. | Nil |
Groww Multi Asset Allocation 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 Multi Asset Allocation Fund (Direct) | −0.33% | −2.86% | −1.62% | −0.80% | -- | -- | -- |
| Zerodha Nifty LargeMidcap 250 Index Fund (Direct) | −1.31% | −6.83% | −3.29% | −6.24% | -- | -- | -- |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | -- | -- | -- |
Category average: the average of the 37 Multi Asset funds, same plan type.
Groww Multi Asset Allocation vs Zerodha Nifty LargeMidcap 250 Index: Year-wise Returns
| Year | Groww Multi Asset AllocationGroww Multi Asset Allocation | Zerodha Nifty LargeMidcap 250 IndexZerodha Nifty LargeMidcap 250 Index |
|---|---|---|
| 2026to date | −3.73% | −6.89% |
| 2025 | -- | +8.37% |
| 2024 | -- | +18.50% |
Groww Multi Asset Allocation 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
Groww Multi Asset Allocation 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 03-10-2025 to 30-10-2026: 13 instalments, ₹1,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Groww Multi Asset AllocationGroww Multi Asset Allocation Fund (Direct) | ₹1,30,000 | ₹1,27,503 | −₹2,497 | −3.3% |
| Zerodha Nifty LargeMidcap 250 IndexZerodha Nifty LargeMidcap 250 Index Fund (Direct) | ₹1,30,000 | ₹1,24,793 | −₹5,207 | −6.9% |
Groww Multi Asset AllocationGroww Multi Asset Allocation 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 Multi Asset Allocation 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 Multi Asset Allocation Fund (Direct) | Zerodha Nifty LargeMidcap 250 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.80% | −6.24% |
| Standard deviation | 12.23% | 14.85% |
| Sharpe ratio | -0.49 | -0.77 |
| Sortino ratio | -0.65 | -1.03 |
| Maximum drawdown | −12.4% (23-03-2026) | −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 Multi Asset Allocation Fund (Direct) | Zerodha Nifty LargeMidcap 250 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.08% | +10.48% |
| Standard deviation | 11.85% | 14.89% |
| Sharpe ratio | -0.45 | 0.30 |
| Sortino ratio | -0.60 | 0.40 |
| Maximum drawdown | −12.4% (23-03-2026) | −18.8% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | +0.04% |
From daily NAVs, 03-10-2025 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.
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 Multi Asset Allocation 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 Multi Asset Allocation Fund (Direct) | −12.4% | 29-01-2026 | 23-03-2026 | Not yet | -- | −7.8% |
| Zerodha Nifty LargeMidcap 250 Index Fund (Direct) | −14.3% | 02-01-2026 | 30-03-2026 | 03-08-2026 | 4 months | −8.6% |
| NIFTY LargeMidcap 250 TRI | −14.3% | 02-01-2026 | 30-03-2026 | 03-08-2026 | 4 months | −8.6% |
From daily values since 03-10-2025, 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.
Groww Multi Asset Allocation 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 Multi Asset Allocation Fund (Direct) | 57% | 46% | 8.77% |
| Zerodha Nifty LargeMidcap 250 Index Fund (Direct) | 101% | 100% | 0.03% |
From month-end values since 03-10-2025. 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.
Groww Multi Asset Allocation vs Zerodha Nifty LargeMidcap 250 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Multi Asset Allocation Fund, September 2026; Zerodha Nifty LargeMidcap 250 Index Fund, September 2026
Holdings in common
- Overlap
- 47.8%
- Held by both
- 62
- Only in Groww Multi Asset Allocation
- 18
- Only in Zerodha Nifty LargeMidcap 250 Index
- 188
| Security | % of Groww Multi Asset Allocation | % of Zerodha Nifty LargeMidcap 250 Index |
|---|---|---|
| HDFC Bank Limited | 3.95% | 4.22% |
| ICICI Bank Limited | 3.81% | 3.68% |
| Reliance Industries Limited | 2.91% | 3.08% |
| Bharti Airtel Limited | 1.99% | 2.07% |
| Larsen & Toubro Limited | 1.84% | 1.71% |
| State Bank of India | 1.61% | 1.54% |
| Axis Bank Limited | 1.32% | 1.37% |
| Kotak Mahindra Bank Limited | 1.62% | 1.19% |
| Infosys Limited | 1.05% | 1.36% |
| Mahindra & Mahindra Limited | 2.86% | 1.02% |
| Bajaj Finance Limited | 1.96% | 1.02% |
| Multi Commodity Exchange of India Ltd. | 0.99% | 1.04% |
| ITC Limited | 1.09% | 0.98% |
| The Federal Bank Limited | 1.32% | 0.96% |
| Laurus Labs Limited | 1.30% | 0.95% |
| Eternal Limited | 0.91% | 0.90% |
| One 97 Communications Limited | 0.99% | 0.89% |
| Hero MotoCorp Limited | 0.81% | 0.84% |
| The Indian Hotels Company Limited | 0.76% | 0.79% |
| Titan Company Limited | 0.95% | 0.74% |
| Sun Pharmaceutical Industries Limited | 0.74% | 0.75% |
| IndusInd Bank Limited | 0.85% | 0.73% |
| AU Small Finance Bank Limited | 0.78% | 0.72% |
| IDFC First Bank Limited | 0.68% | 0.67% |
| Bharat Forge Limited | 1.05% | 0.66% |
| Tata Steel Limited | 0.82% | 0.59% |
| Info Edge (India) Limited | 0.63% | 0.58% |
| Aurobindo Pharma Limited | 1.03% | 0.57% |
| Adani Port & Special Economic Zone Ltd | 1.31% | 0.55% |
| Ashok Leyland Limited | 1.18% | 0.54% |
| FSN E-Commerce Ventures Limited | 0.83% | 0.54% |
| Hindalco Industries Limited | 0.89% | 0.53% |
| Tata Consultancy Services Limited | 0.52% | 0.81% |
| NTPC Limited | 0.52% | 0.60% |
| UltraTech Cement Limited | 0.65% | 0.50% |
| Coforge Limited | 0.50% | 0.75% |
| Maruti Suzuki India Limited | 0.50% | 0.60% |
| PERSISTENT SYSTEMS LTD | 0.49% | 0.71% |
| Fortis Healthcare Limited | 0.54% | 0.49% |
| BSE Ltd | 0.49% | 0.49% |
| Suzlon Energy Limited | 0.49% | 0.59% |
| JSW Steel Limited | 0.89% | 0.47% |
| Bajaj Auto Limited | 0.78% | 0.46% |
| Yes Bank Ltd | 1.28% | 0.45% |
| Grasim Industries Limited | 0.85% | 0.45% |
| InterGlobe Aviation Limited | 0.88% | 0.44% |
| The Phoenix Mills Limited | 0.54% | 0.44% |
| Radico Khaitan Limited | 0.72% | 0.42% |
| Lupin Limited | 0.40% | 0.61% |
| Adani Enterprises Limited | 1.31% | 0.38% |
| TVS Motor Company Limited | 0.77% | 0.37% |
| NMDC Limited | 0.56% | 0.33% |
| Dr. Reddy's Laboratories Limited | 0.70% | 0.29% |
| Cipla Limited | 0.55% | 0.29% |
| Max Healthcare Institute Limited | 0.75% | 0.27% |
| Indus Towers Limited | 0.25% | 0.59% |
| Tata Consumer Products Limited | 0.77% | 0.24% |
| Vedanta Limited | 0.91% | 0.18% |
| Power Finance Corporation Limited | 0.52% | 0.18% |
| Hindustan Unilever Limited | 0.15% | 0.65% |
| Punjab National Bank | 0.07% | 0.15% |
| SBI Life Insurance Company Limited | 0.02% | 0.30% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 47.8% means 47.8% 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 Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| GROWW Gold ETF | 13.64% |
| SIDBI 16-DEC-2026 | 3.97% |
| Kotak Mahindra Bank Limited 18-DEC-2026 | 3.18% |
| NIPPON INDIA MUTUALFUND | 1.24% |
| Navin Fluorine International Limited | 0.82% |
Largest holdings only in Zerodha Nifty LargeMidcap 250 Index Fund
| Security | % of fund |
|---|---|
| Bharat Heavy Electricals Limited | 0.75% |
| Dixon Technologies (India) Limited | 0.67% |
| GE Vernova T&D India Limited | 0.64% |
| Life Insurance Corporation Of India | 0.62% |
| Lenskart Solutions Limited | 0.62% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Multi Asset Allocation | Zerodha Nifty LargeMidcap 250 Index |
|---|---|---|
| Equity | 66.2% | 99.6% |
| Debt | 9.9% | 0.0% |
| Cash and others | 23.9% | 0.4% |
Market cap of stocks
| Market cap | Groww Multi Asset Allocation | Zerodha Nifty LargeMidcap 250 Index |
|---|---|---|
| Large Cap | 43.0% | 52.0% |
| Mid Cap | 20.8% | 46.3% |
| Small Cap | 2.4% | 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 Multi Asset Allocation | Zerodha Nifty LargeMidcap 250 Index |
|---|---|---|
| Banks | 17.3% | 16.9% |
| Pharmaceuticals & Biotechnology | 4.7% | 6.7% |
| Finance | 2.5% | 6.5% |
| Automobiles | 6.3% | 4.0% |
| IT - Software | 2.6% | 5.6% |
| Retailing | 2.4% | 4.3% |
| Petroleum Products | 2.9% | 3.9% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Multi Asset Allocation vs Zerodha Nifty LargeMidcap 250 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Multi Asset Allocation Fund | Zerodha Nifty LargeMidcap 250 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.01% | 0.38% |
| Base expense ratio (Direct) | 0.55% | 0.25% |
| Total expense ratio (Regular) | 2.66% | Not available |
| Base expense ratio (Regular) | 2.02% | 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
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Groww Multi Asset Allocation Fund vs Zerodha Nifty LargeMidcap 250 Index Fund: Frequently Asked Questions
What is the difference between Groww Multi Asset Allocation Fund and Zerodha Nifty LargeMidcap 250 Index Fund?
Groww Multi Asset Allocation Fund is a Multi Asset fund, Zerodha Nifty LargeMidcap 250 Index Fund is an Index fund, run by Groww Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 47.8%. Groww Multi Asset Allocation Fund charges 1.01% a year and Zerodha Nifty LargeMidcap 250 Index Fund 0.38%.
Which has given higher returns, Groww Multi Asset Allocation Fund or Zerodha Nifty LargeMidcap 250 Index Fund?
Over 1 year: Groww Multi Asset Allocation Fund −0.80%, 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 Multi Asset Allocation Fund or Zerodha Nifty LargeMidcap 250 Index Fund?
Zerodha Nifty LargeMidcap 250 Index Fund charges less: 0.38% a year against 1.01%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Groww Multi Asset Allocation Fund and Zerodha Nifty LargeMidcap 250 Index Fund overlap?
47.8%. They hold 62 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Groww Multi Asset Allocation Fund or Zerodha Nifty LargeMidcap 250 Index Fund?
On SEBI's riskometer, Groww Multi Asset Allocation Fund is rated Very High and Zerodha Nifty LargeMidcap 250 Index Fund Very High. Over 1 years, the standard deviation of daily returns was 12.23% and 14.85% a year.
Can I invest in both Groww Multi Asset Allocation Fund and Zerodha Nifty LargeMidcap 250 Index Fund?
Yes. 47.8% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Groww Multi Asset Allocation Fund and Zerodha Nifty LargeMidcap 250 Index Fund?
Groww Multi Asset Allocation Fund: Paras Matalia, Kaustubh Sule, Nikhil Satam, 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.