Groww NIFTY 200 ETF vs Sundaram Multi-Factor Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Groww NIFTY 200 ETF is an ETF fund and Sundaram Multi-Factor Fund is a Thematic fund. In the year to 30-10-2026, Groww NIFTY 200 ETF returned −8.2% and Sundaram Multi-Factor Fund (Direct) returned −9.3%. Groww NIFTY 200 ETF charges 0.43% a year and Sundaram Multi-Factor Fund 1.68%. Their portfolios overlap 40.1%: they hold 62 of the same securities.
Sundaram Multi-Factor Fund
Thematic
- 1 year return
- −9.3%
- Expense ratio
- 1.68%
- NAV
- ₹9.40
Which is better, Groww NIFTY 200 ETF or Sundaram Multi-Factor? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Groww NIFTY 200 ETF returned more over 1 year: −8.2% against −9.3%.
- Groww NIFTY 200 ETF costs less: 0.43% a year against 1.68%.
- Groww NIFTY 200 ETF fell less in its worst fall since 23-07-2025: −14.8% against −14.9%.
- Groww NIFTY 200 ETF holds more in large companies: 79.6% of the fund in large caps against 59.7%.
- Sundaram Multi-Factor is the larger fund: ₹790 Cr against ₹16 Cr.
- Their portfolios overlap 40.1%: 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 NIFTY 200 ETF | Sundaram Multi-Factor Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | Sundaram Mutual Fund |
| Category | ETF | Thematic |
| AUM | ₹16 Cr (30-09-2026) | ₹790 Cr (30-09-2026) |
| NAV | ₹10.72 | ₹9.40 (Direct) |
| Expense ratio (Direct) | Not available | 1.68% |
| Expense ratio (Regular) | Not available | 3.14% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 200 TRI | BSE 200 TRI |
| Launch date | 25-02-2025 | 22-07-2025 |
| Minimum investment | ₹500 | ₹100 |
| Lock in | None | None |
| Fund managers | Nikhil Satam, Aakash Chauhan, Shashi Kumar | Rohit Seksaria, S. Bharath, Sandeep Agarwal |
| Exit load | Nil | 1% of the applicable NAV - Any redemptions, switch or withdrawals by way of SWP would be subject to an exit load within 365 days from the date of allotment. NIL - if the units are redeemed after 365 days from the date of allotment of units. Further, exit load will be waived on Intra-scheme Switch-outs/STP. Generally, the exit load will be calculated on First in First out (FIFO) basis. |
Groww NIFTY 200 ETF vs Sundaram Multi-Factor: 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 NIFTY 200 ETF | +0.13% | −6.00% | −3.35% | −8.21% | -- | -- | -- |
| Sundaram Multi-Factor Fund (Direct) | −0.69% | −4.81% | −5.99% | −9.32% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Groww NIFTY 200 ETF vs Sundaram Multi-Factor: Year-wise Returns
| Year | Groww NIFTY 200 ETFGroww NIFTY 200 ETF | Sundaram Multi-FactorSundaram Multi-Factor |
|---|---|---|
| 2026to date | −8.79% | −11.37% |
Groww NIFTY 200 ETF vs Sundaram Multi-Factor: Rolling Returns
Every holding period of both funds, against Nifty 200 TRI, the benchmark of Groww NIFTY 200 ETF
Rolling returns
Every 1-year holding period, 67 of them, one for each trading day from 23-07-2026 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.
Groww NIFTY 200 ETF
Sundaram Multi-Factor Fund (Direct)
Nifty 200 TRI
to
Jul 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Sept 2025
to
Sept 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Groww NIFTY 200 ETF | 52.2 | 44.8 | 3.0 | 0.0 | 0.0 | 0.0 | 0.0 | −1.2% | −1.1% | −9.9% | 5.8% | 0% |
| Sundaram Multi-Factor | 79.1 | 20.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −3.4% | −2.4% | −11.4% | 3.1% | 0% |
| Nifty 200 TRI | 52.2 | 41.8 | 6.0 | 0.0 | 0.0 | 0.0 | 0.0 | −0.8% | −0.7% | −9.6% | 6.3% | -- |
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 200 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 23-07-2025. Past returns do not promise future returns.
Groww NIFTY 200 ETF vs Sundaram Multi-Factor: 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 01-07-2025 to 30-10-2026: 16 instalments, ₹1,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Groww NIFTY 200 ETFGroww NIFTY 200 ETF | ₹1,60,000 | ₹1,52,831 | −₹7,169 | −6.4% |
| Sundaram Multi-FactorSundaram Multi-Factor Fund (Direct) | ₹1,60,000 | ₹1,50,005 | −₹9,995 | −8.9% |
Groww NIFTY 200 ETFGroww NIFTY 200 ETF
Sundaram Multi-FactorSundaram Multi-Factor 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 NIFTY 200 ETF vs Sundaram Multi-Factor: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Groww NIFTY 200 ETF | Sundaram Multi-Factor Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.21% | −9.32% |
| Standard deviation | 14.33% | 14.46% |
| Sharpe ratio | -0.94 | -1.01 |
| Sortino ratio | -1.24 | -1.32 |
| Maximum drawdown | −14.8% (31-03-2026) | −14.9% (31-03-2026) |
| Beta | 1.00 | 0.98 |
| Alpha | −0.38% | −1.35% |
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 NIFTY 200 ETF | Sundaram Multi-Factor Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.51% | −4.83% |
| Standard deviation | 13.84% | 13.38% |
| Sharpe ratio | -0.07 | -0.76 |
| Sortino ratio | -0.09 | -1.00 |
| Maximum drawdown | −14.8% (31-03-2026) | −14.9% (31-03-2026) |
| Beta | 1.00 | 0.95 |
| Alpha | −0.43% | −0.73% |
From daily NAVs, 27-02-2025 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 NIFTY 200 ETF
Sundaram Multi-Factor Fund (Direct)
Nifty 200 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Groww NIFTY 200 ETF | −14.8% | 02-01-2026 | 31-03-2026 | Not yet | -- | −9.7% |
| Sundaram Multi-Factor Fund (Direct) | −14.9% | 02-01-2026 | 31-03-2026 | Not yet | -- | −12.6% |
| Nifty 200 TRI | −14.8% | 02-01-2026 | 30-03-2026 | Not yet | -- | −9.4% |
From daily values since 23-07-2025, 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 NIFTY 200 ETF
Sundaram Multi-Factor Fund (Direct)
Nifty 200 TRI
Against Nifty 200 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Groww NIFTY 200 ETF | 98% | 101% | 0.06% |
| Sundaram Multi-Factor Fund (Direct) | 75% | 89% | 3.99% |
From month-end values since 23-07-2025. 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 NIFTY 200 ETF vs Sundaram Multi-Factor: Portfolio Overlap
From each fund's latest monthly portfolio: Groww NIFTY 200 ETF, September 2026; Sundaram Multi-Factor Fund, September 2026
Holdings in common
- Overlap
- 40.1%
- Held by both
- 62
- Only in Groww NIFTY 200 ETF
- 138
- Only in Sundaram Multi-Factor
- 6
| Security | % of Groww NIFTY 200 ETF | % of Sundaram Multi-Factor |
|---|---|---|
| HDFC Bank Limited | 6.72% | 3.05% |
| ICICI Bank Limited | 5.86% | 2.65% |
| Reliance Industries Limited | 4.91% | 2.33% |
| Infosys Limited | 2.17% | 2.00% |
| Bharti Airtel Limited | 3.31% | 1.53% |
| Eternal Limited | 1.43% | 1.47% |
| ITC Limited | 1.57% | 1.31% |
| Larsen & Toubro Limited | 2.72% | 1.24% |
| Tata Consultancy Services Limited | 1.29% | 1.19% |
| Titan Company Limited | 1.17% | 2.42% |
| Axis Bank Limited | 2.18% | 1.12% |
| NTPC Limited | 0.95% | 1.30% |
| Tata Steel Limited | 0.95% | 1.63% |
| Kotak Mahindra Bank Limited | 1.90% | 0.93% |
| Hindalco Industries Limited | 0.84% | 1.27% |
| Mahindra & Mahindra Limited | 1.63% | 0.76% |
| JSW Steel Limited | 0.75% | 1.37% |
| Bajaj Auto Limited | 0.73% | 1.13% |
| Power Grid Corporation of India Limited | 0.73% | 1.35% |
| Divi's Laboratories Limited | 0.73% | 1.32% |
| Bajaj Finance Limited | 1.62% | 0.73% |
| Coal India Limited | 0.63% | 1.68% |
| Bajaj Finserv Limited | 0.62% | 1.39% |
| TVS Motor Company Limited | 0.60% | 1.41% |
| Oil & Natural Gas Corporation Limited | 0.54% | 1.31% |
| Multi Commodity Exchange of India Ltd. | 0.52% | 3.18% |
| Shriram Finance Limited | 0.85% | 0.49% |
| One 97 Communications Limited | 0.45% | 1.25% |
| Samvardhana Motherson International Ltd | 0.45% | 1.18% |
| Jio Financial Services Limited | 0.44% | 1.27% |
| Max Healthcare Institute Limited | 0.43% | 1.37% |
| Hero MotoCorp Limited | 0.42% | 1.46% |
| Bharat Heavy Electricals Limited | 0.37% | 1.59% |
| AU Small Finance Bank Limited | 0.36% | 1.13% |
| CG Power And Industrial Solutions Ltd | 0.36% | 1.43% |
| Life Insurance Corporation Of India | 0.31% | 1.42% |
| Lupin Limited | 0.31% | 2.79% |
| Suzlon Energy Limited | 0.30% | 1.23% |
| Indus Towers Limited | 0.30% | 1.36% |
| Power Finance Corporation Limited | 0.29% | 0.48% |
| Aurobindo Pharma Limited | 0.29% | 1.21% |
| GAIL (India) Limited | 0.28% | 1.36% |
| Ashok Leyland Limited | 0.27% | 1.40% |
| FSN E-Commerce Ventures Limited | 0.27% | 1.17% |
| Wipro Limited | 0.27% | 1.94% |
| Bank of Baroda | 0.26% | 1.27% |
| Canara Bank | 0.25% | 1.26% |
| APL Apollo Tubes Limited | 0.25% | 1.58% |
| Punjab National Bank | 0.24% | 1.32% |
| Bosch Limited | 0.24% | 2.71% |
| REC Limited | 0.23% | 2.13% |
| ABB India Limited | 0.22% | 1.07% |
| Radico Khaitan Limited | 0.21% | 1.15% |
| Lodha Developers Limited | 0.21% | 1.36% |
| Union Bank of India | 0.20% | 1.26% |
| APAR INDUSTRIES LTD | 0.20% | 1.24% |
| Muthoot Finance Limited | 0.18% | 1.55% |
| Zydus Lifesciences Limited | 0.18% | 1.21% |
| Siemens Energy India Limited | 0.17% | 1.31% |
| Hindustan Zinc Limited | 0.17% | 1.64% |
| Oracle Financial Services Software | 0.16% | 2.51% |
| MRF Limited | 0.08% | 1.41% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40.1% means 40.1% 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 NIFTY 200 ETF
| Security | % of fund |
|---|---|
| State Bank of India | 2.45% |
| Sun Pharmaceutical Industries Limited | 1.19% |
| Hindustan Unilever Limited | 1.03% |
| Maruti Suzuki India Limited | 0.96% |
| Adani Port & Special Economic Zone Ltd | 0.87% |
Largest holdings only in Sundaram Multi-Factor Fund
| Security | % of fund |
|---|---|
| Petronet LNG Ltd | 1.40% |
| Sona BLW Precision Forgings Ltd | 1.26% |
| Ajanta Pharmaceuticals Ltd | 1.20% |
| Anthem Biosciences Ltd | 1.18% |
| Thermax Ltd | 1.04% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww NIFTY 200 ETF | Sundaram Multi-Factor |
|---|---|---|
| Equity | 99.9% | 99.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.1% | 0.3% |
Market cap of stocks
| Market cap | Groww NIFTY 200 ETF | Sundaram Multi-Factor |
|---|---|---|
| Large Cap | 79.6% | 59.7% |
| Mid Cap | 19.9% | 39.9% |
| Small Cap | 0.3% | 0.0% |
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 NIFTY 200 ETF | Sundaram Multi-Factor |
|---|---|---|
| Banks | 22.2% | 14.0% |
| Electrical Equipment | 2.6% | 8.9% |
| Pharmaceuticals & Biotechnology | 5.1% | 8.9% |
| Finance | 5.9% | 8.0% |
| It - Software | 0.0% | 7.7% |
| Auto Components | 1.4% | 6.6% |
| IT - Software | 6.4% | 0.0% |
| Petroleum Products | 5.8% | 2.3% |
| Automobiles | 5.5% | 4.8% |
The six largest sectors of each fund's stocks, % of the fund.
Groww NIFTY 200 ETF vs Sundaram Multi-Factor: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww NIFTY 200 ETF | Sundaram Multi-Factor Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.68% |
| Base expense ratio (Direct) | 0.35% | 0.72% |
| Total expense ratio (Regular) | Not available | 3.14% |
| Base expense ratio (Regular) | 0.00% | 2.03% |
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 NIFTY 200 ETF vs Sundaram Multi-Factor Fund: Frequently Asked Questions
What is the difference between Groww NIFTY 200 ETF and Sundaram Multi-Factor Fund?
Groww NIFTY 200 ETF is an ETF fund, Sundaram Multi-Factor Fund is a Thematic fund, run by Groww Mutual Fund and Sundaram Mutual Fund. Their portfolios overlap 40.1%. Groww NIFTY 200 ETF charges 0.43% a year and Sundaram Multi-Factor Fund 1.68%.
Which has given higher returns, Groww NIFTY 200 ETF or Sundaram Multi-Factor Fund?
Over 1 year: Groww NIFTY 200 ETF −8.21%, Sundaram Multi-Factor Fund −9.32%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Groww NIFTY 200 ETF or Sundaram Multi-Factor Fund?
Groww NIFTY 200 ETF charges less: 0.43% a year against 1.68%. These are the total expense ratios reported to AMFI.
How much do Groww NIFTY 200 ETF and Sundaram Multi-Factor Fund overlap?
40.1%. 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 NIFTY 200 ETF or Sundaram Multi-Factor Fund?
On SEBI's riskometer, Groww NIFTY 200 ETF is rated Very High and Sundaram Multi-Factor Fund Very High. Over 1 years, the standard deviation of daily returns was 14.33% and 14.46% a year.
Can I invest in both Groww NIFTY 200 ETF and Sundaram Multi-Factor Fund?
Yes. 40.1% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Groww NIFTY 200 ETF and Sundaram Multi-Factor Fund?
Groww NIFTY 200 ETF: Nikhil Satam, Aakash Chauhan, Shashi Kumar. Sundaram Multi-Factor Fund: Rohit Seksaria, S. Bharath, Sandeep Agarwal.
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.