Groww NIFTY 200 ETF vs UTI Nifty 500 Index 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 UTI Nifty 500 Index Fund is an Index fund. Groww NIFTY 200 ETF charges 0.43% a year and UTI Nifty 500 Index Fund 1.85%. Their portfolios overlap 84.4%: they hold 200 of the same securities.

Groww NIFTY 200 ETF

ETF

Expense ratio: 0.43%
NAV: ₹10.72

See Groww NIFTY 200 ETF

UTI Nifty 500 Index Fund

Index

Expense ratio: 1.85%
NAV: ₹9.31

See UTI Nifty 500 Index Fund

Which is better, Groww NIFTY 200 ETF or UTI Nifty 500 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 NIFTY 200 ETF costs less: 0.43% a year against 1.85%.
Groww NIFTY 200 ETF fell less in its worst fall since 31-08-2026: −8.2% against −8.6%.
Groww NIFTY 200 ETF holds more in large companies: 79.6% of the fund in large caps against 67.3%.
UTI Nifty 500 Index is the larger fund: ₹102 Cr against ₹16 Cr.
Their portfolios overlap 84.4%: 200 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

Groww NIFTY 200 ETF
−6.2%
UTI Nifty 500 Index Fund (Direct)
−6.6%

Change in NAV from 31-08-2026 to 30-10-2026

−8%−6%−4%−2%0%+2%

Key facts

From each fund's scheme summary document and AMFI

Fact	Groww NIFTY 200 ETF	UTI Nifty 500 Index Fund
Fund house	Groww Mutual Fund	UTI Mutual Fund
Category	ETF	Index
AUM	₹16 Cr (30-09-2026)	₹102 Cr (30-09-2026)
NAV	₹10.72	₹9.31 (Direct)
Expense ratio (Direct)	Not available	1.85%
Expense ratio (Regular)	Not available	2.56%
Riskometer	Very High	Very High
Benchmark	Nifty 200 TRI	Nifty 500 TRI
Launch date	25-02-2025	27-08-2026
Minimum investment	₹500	₹1,000
Lock in	None	None
Fund managers	Nikhil Satam, Aakash Chauhan, Shashi Kumar	Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3
Exit load	Nil	Nil

Groww NIFTY 200 ETF vs UTI Nifty 500 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 NIFTY 200 ETF	+0.13%	−6.00%	−3.35%	−8.21%	--	--	--
UTI Nifty 500 Index Fund (Direct)	−0.77%	--	--	--	--	--	--

Groww NIFTY 200 ETF vs UTI Nifty 500 Index: Year-wise Returns

Year	Groww NIFTY 200 ETFGroww NIFTY 200 ETF	UTI Nifty 500 IndexUTI Nifty 500 Index
2026to date	−8.79%	--

Groww NIFTY 200 ETF vs UTI Nifty 500 Index: Rolling Returns

Every holding period of both funds, against Nifty 200 TRI, the benchmark of Groww NIFTY 200 ETF

Groww NIFTY 200 ETF vs UTI Nifty 500 Index: Risk and Drawdowns

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

Risk and return

Measure	Groww NIFTY 200 ETF	UTI Nifty 500 Index Fund (Direct)
Return (CAGR)	+4.51%	−33.99%
Standard deviation	13.84%	13.15%
Sharpe ratio	-0.07	-2.99
Sortino ratio	-0.09	-3.45
Maximum drawdown	−14.8% (31-03-2026)	−8.6% (23-10-2026)
Beta	1.00	1.00
Alpha	−0.43%	−0.23%

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.

−10%−8%−6%−4%−2%0%

Groww NIFTY 200 ETFUTI Nifty 500 Index 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	−8.2%	31-08-2026	23-10-2026	Not yet	--	−6.2%
UTI Nifty 500 Index Fund (Direct)	−8.6%	31-08-2026	23-10-2026	Not yet	--	−6.6%
Nifty 200 TRI	−8.2%	31-08-2026	23-10-2026	Not yet	--	−6.1%

From daily values since 31-08-2026, the first day every fund has.

Groww NIFTY 200 ETF vs UTI Nifty 500 Index: Portfolio Overlap

From each fund's latest monthly portfolio: Groww NIFTY 200 ETF, September 2026; UTI Nifty 500 Index Fund, September 2026

Holdings in common

Overlap: 84.4%
Held by both: 200
Only in Groww NIFTY 200 ETF: 0
Only in UTI Nifty 500 Index: 296

Security	% of Groww NIFTY 200 ETF	% of UTI Nifty 500 Index
HDFC Bank Limited	6.72%	5.67%
ICICI Bank Limited	5.86%	4.94%
Reliance Industries Limited	4.91%	4.14%
Bharti Airtel Limited	3.31%	2.79%
Larsen & Toubro Limited	2.72%	2.30%
State Bank of India	2.45%	2.07%
Axis Bank Limited	2.18%	1.84%
Infosys Limited	2.17%	1.83%
Kotak Mahindra Bank Limited	1.90%	1.60%
Mahindra & Mahindra Limited	1.63%	1.38%
Bajaj Finance Limited	1.62%	1.37%
ITC Limited	1.57%	1.32%
Eternal Limited	1.43%	1.21%
Tata Consultancy Services Limited	1.29%	1.09%
Sun Pharmaceutical Industries Limited	1.19%	1.00%
Titan Company Limited	1.17%	0.99%
Hindustan Unilever Limited	1.03%	0.87%
Maruti Suzuki India Limited	0.96%	0.81%
NTPC Limited	0.95%	0.80%
Tata Steel Limited	0.95%	0.80%
Adani Port & Special Economic Zone Ltd	0.87%	0.74%
Bharat Electronics Limited	0.86%	0.73%
Shriram Finance Limited	0.85%	0.72%
Hindalco Industries Limited	0.84%	0.71%
HCL Technologies Limited	0.80%	0.68%
UltraTech Cement Limited	0.80%	0.68%
BSE Ltd	0.78%	0.66%
JSW Steel Limited	0.75%	0.63%
Bajaj Auto Limited	0.73%	0.62%
Power Grid Corporation of India Limited	0.73%	0.62%
Divi's Laboratories Limited	0.73%	0.62%
Grasim Industries Limited	0.71%	0.60%
InterGlobe Aviation Limited	0.70%	0.59%
Asian Paints Limited	0.67%	0.57%
Coal India Limited	0.63%	0.53%
Bajaj Finserv Limited	0.62%	0.53%
Eicher Motors Limited	0.61%	0.51%
Adani Enterprises Limited	0.61%	0.51%
Tech Mahindra Limited	0.60%	0.51%
TVS Motor Company Limited	0.60%	0.50%
Nestle India Limited	0.58%	0.49%
Hindustan Aeronautics Limited	0.55%	0.46%
Tata Motors Limited	0.55%	0.46%
Oil & Natural Gas Corporation Limited	0.54%	0.46%
Trent Limited	0.54%	0.46%
Adani Power Limited	0.53%	0.44%
Multi Commodity Exchange of India Ltd.	0.52%	0.44%
Apollo Hospitals Enterprise Limited	0.51%	0.44%
The Federal Bank Limited	0.48%	0.41%
Laurus Labs Limited	0.48%	0.40%
SBI Life Insurance Company Limited	0.47%	0.40%
Cipla Limited	0.47%	0.40%
Dr. Reddy's Laboratories Limited	0.46%	0.39%
One 97 Communications Limited	0.45%	0.38%
Samvardhana Motherson International Ltd	0.45%	0.38%
Jio Financial Services Limited	0.44%	0.37%
Cholamandalam Invest & Finance Co Ltd	0.43%	0.37%
Torrent Pharmaceuticals Limited	0.43%	0.37%
Vedanta Aluminium Metal Limited	0.43%	0.36%
Max Healthcare Institute Limited	0.43%	0.36%
Hero MotoCorp Limited	0.42%	0.35%
Cummins India Limited	0.40%	0.34%
The Indian Hotels Company Limited	0.40%	0.33%
Tata Consumer Products Limited	0.38%	0.32%
Avenue Supermarts Limited	0.38%	0.32%
Bharat Petroleum Corporation Limited	0.38%	0.32%
Coforge Limited	0.38%	0.32%
Bharat Heavy Electricals Limited	0.37%	0.32%
The Tata Power Company Limited	0.37%	0.31%
Tata Motors Passenger Vehicles Limited	0.37%	0.31%
IndusInd Bank Limited	0.37%	0.31%
Varun Beverages Limited	0.37%	0.31%
AU Small Finance Bank Limited	0.36%	0.31%
CG Power And Industrial Solutions Ltd	0.36%	0.31%
PERSISTENT SYSTEMS LTD	0.35%	0.30%
Britannia Industries Limited	0.35%	0.30%
HDFC Life Insurance Company Limited	0.35%	0.29%
IDFC First Bank Limited	0.33%	0.28%
Dixon Technologies (India) Limited	0.33%	0.28%
Bharat Forge Limited	0.33%	0.28%
GE Vernova T&D India Limited	0.32%	0.27%
Indian Oil Corporation Limited	0.31%	0.26%
Lenskart Solutions Limited	0.31%	0.26%
Life Insurance Corporation Of India	0.31%	0.26%
Lupin Limited	0.31%	0.26%
Suzlon Energy Limited	0.30%	0.25%
Indus Towers Limited	0.30%	0.25%
Power Finance Corporation Limited	0.29%	0.25%
Info Edge (India) Limited	0.29%	0.25%
Solar Industries India Limited	0.29%	0.25%
Bajaj Holdings & Investment.Ltd	0.29%	0.24%
HDFC Asset Management Company Limited	0.29%	0.24%
Aurobindo Pharma Limited	0.29%	0.24%
GAIL (India) Limited	0.28%	0.24%
Vedanta Limited	0.28%	0.24%
Pidilite Industries Limited	0.28%	0.24%
Ashok Leyland Limited	0.27%	0.23%
FSN E-Commerce Ventures Limited	0.27%	0.23%
DLF Limited	0.27%	0.23%
Wipro Limited	0.27%	0.22%
Bank of Baroda	0.26%	0.22%
Adani Energy Solutions Limited	0.26%	0.22%
Adani Green Energy Limited	0.26%	0.22%
Polycab India Limited	0.26%	0.22%
Jindal Steel Limited	0.26%	0.22%
Marico Limited	0.26%	0.22%
Canara Bank	0.25%	0.21%
Fortis Healthcare Limited	0.25%	0.21%
United Spirits Limited	0.25%	0.21%
APL Apollo Tubes Limited	0.25%	0.21%
Bosch Limited	0.24%	0.21%
Punjab National Bank	0.24%	0.20%
ICICI Lombard General Insurance Company	0.24%	0.20%
Hitachi Energy India Limited	0.23%	0.20%
PB Fintech Limited	0.23%	0.20%
SWIGGY LIMITED	0.23%	0.20%
LTM Limited	0.23%	0.20%
REC Limited	0.23%	0.19%
Yes Bank Ltd	0.23%	0.19%
Max Financial Services Limited	0.22%	0.19%
The Phoenix Mills Limited	0.22%	0.19%
SRF Limited	0.22%	0.19%
Vodafone Idea Limited	0.22%	0.19%
ABB India Limited	0.22%	0.19%
Glenmark Pharmaceuticals Limited	0.22%	0.18%
Radico Khaitan Limited	0.21%	0.18%
Godrej Consumer Products Limited	0.21%	0.18%
Lodha Developers Limited	0.21%	0.18%
Hindustan Petroleum Corporation Limited	0.21%	0.18%
Union Bank of India	0.20%	0.17%
GMR Airports Limited	0.20%	0.17%
Siemens Limited	0.20%	0.17%
Aditya Birla Capital Limited	0.20%	0.17%
APAR INDUSTRIES LTD	0.20%	0.17%
National Aluminium Company Limited	0.19%	0.16%
JSW Energy Limited	0.19%	0.16%
UPL Limited	0.19%	0.16%
Muthoot Finance Limited	0.18%	0.15%
Hyundai Motor India Limited	0.18%	0.15%
Zydus Lifesciences Limited	0.18%	0.15%
Indian Bank	0.18%	0.15%
MphasiS Limited	0.18%	0.15%
Mankind Pharma Limited	0.18%	0.15%
Vishal Mega Mart Limited	0.18%	0.15%
Siemens Energy India Limited	0.17%	0.15%
NHPC Limited	0.17%	0.14%
Hindustan Zinc Limited	0.17%	0.14%
KEI Industries Limited	0.17%	0.14%
360 ONE WAM LIMITED	0.17%	0.14%
NMDC Limited	0.16%	0.14%
Billionbrains Garage Ventures Ltd.	0.16%	0.14%
Steel Authority of India Limited	0.16%	0.14%
Biocon Limited	0.16%	0.13%
Havells India Limited	0.16%	0.13%
TUBE INVESTMENTS OF INDIA LTD	0.16%	0.13%
Oracle Financial Services Software	0.16%	0.13%
Prestige Estates Projects Limited	0.15%	0.13%
Oil India Limited	0.15%	0.13%
Voltas Limited	0.15%	0.13%
Ambuja Cements Limited	0.14%	0.12%
Colgate Palmolive (India) Limited	0.14%	0.12%
WAAREE ENERGIES LIMITED	0.14%	0.12%
L&T Finance Limited	0.14%	0.12%
Page Industries Limited	0.14%	0.12%
Dabur India Limited	0.14%	0.12%
Supreme Industries Limited	0.14%	0.12%
Godrej Properties Limited	0.14%	0.11%
Mahindra & Mahindra Financial Serv Ltd.	0.13%	0.11%
KALYAN JEWELLERS INDIA LIMITED	0.13%	0.11%
Meesho Limited	0.13%	0.11%
Oberoi Realty Limited	0.13%	0.11%
BLUE STAR LTD	0.12%	0.10%
Tata Communications Limited	0.12%	0.10%
Exide Industries Limited	0.12%	0.10%
PI Industries Limited	0.11%	0.10%
ICICI Prudential AMC Ltd	0.11%	0.10%
Hindustan Copper Limited	0.11%	0.09%
Tata Capital Ltd	0.11%	0.09%
Jubilant Foodworks Limited	0.11%	0.09%
Indian Railway Finance Corporation Ltd	0.11%	0.09%
LG Electronics India Limited	0.11%	0.09%
SBI Cards and Payment Services Limited	0.11%	0.09%
Astral Limited	0.10%	0.09%
Adani Total Gas Limited	0.10%	0.09%
Bank of Maharashtra	0.10%	0.08%
LIC Housing Finance Limited	0.10%	0.08%
Mazagon Dock Shipbuilders Limited	0.10%	0.08%
Bank of India	0.10%	0.08%
Motilal Oswal Financial Services Limited	0.10%	0.08%
Container Corporation of India Limited	0.10%	0.08%
MRF Limited	0.08%	0.14%
Indian Railway Catering & Tourism Corp	0.09%	0.07%
Premier Energies Limited	0.08%	0.07%
Cochin Shipyard Limited	0.08%	0.07%
Patanjali Foods Limited	0.08%	0.07%
Rail Vikas Nigam Limited	0.07%	0.06%
Bharat Dynamics Limited	0.06%	0.05%
Neyveli Lignite Corporation Ltd.	0.06%	0.05%
Indian Renewable Energy Dev Agency Ltd	0.05%	0.05%
Godfrey Phillips India Limited	0.05%	0.04%

Overlap: for each holding both funds own, the smaller of its two weights, added up. 84.4% means 84.4% 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

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

Largest holdings only in UTI Nifty 500 Index Fund

Security	% of fund
REIT- EMBASSY OFFICE PARKS	0.20%
EQ - SONA BLW PRECISION FORGING LTD	0.19%
EQ - WELSPUN CORP LTD.	0.19%
EQ - KARUR VYSYA BANK LTD.	0.16%
EQ - NAVIN FLUORINE INTERNATIONAL L	0.16%

Asset and sector split

Share of each fund, from its latest monthly portfolio

Asset allocation

Asset	Groww NIFTY 200 ETF	UTI Nifty 500 Index
Equity	99.9%	99.6%
Debt	0.0%	0.0%
Cash and others	0.1%	0.4%

Market cap of stocks

Market cap	Groww NIFTY 200 ETF	UTI Nifty 500 Index
Large Cap	79.6%	67.3%
Mid Cap	19.9%	20.9%
Small Cap	0.3%	11.3%
Not on AMFI's list	0.0%	0.1%

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	UTI Nifty 500 Index
Banks	22.2%	19.3%
Finance	5.9%	6.5%
IT - Software	6.4%	5.7%
Petroleum Products	5.8%	5.0%
Pharmaceuticals & Biotechnology	5.1%	5.8%
Automobiles	5.5%	4.9%

The six largest sectors of each fund's stocks, % of the fund.

Groww NIFTY 200 ETF vs UTI Nifty 500 Index: Expense Ratio

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

Charge	Groww NIFTY 200 ETF	UTI Nifty 500 Index Fund
Total expense ratio (Direct)	Not available	1.85%
Base expense ratio (Direct)	0.35%	0.13%
Total expense ratio (Regular)	Not available	2.56%
Base expense ratio (Regular)	0.00%	0.73%

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.

Groww NIFTY 200 ETF vs UTI Nifty 500 Index Fund: Frequently Asked Questions

What is the difference between Groww NIFTY 200 ETF and UTI Nifty 500 Index Fund?

Groww NIFTY 200 ETF is an ETF fund, UTI Nifty 500 Index Fund is an Index fund, run by Groww Mutual Fund and UTI Mutual Fund. Their portfolios overlap 84.4%. Groww NIFTY 200 ETF charges 0.43% a year and UTI Nifty 500 Index Fund 1.85%.

Which has the lower expense ratio, Groww NIFTY 200 ETF or UTI Nifty 500 Index Fund?

Groww NIFTY 200 ETF charges less: 0.43% a year against 1.85%. These are the total expense ratios reported to AMFI.

How much do Groww NIFTY 200 ETF and UTI Nifty 500 Index Fund overlap?

84.4%. They hold 200 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 UTI Nifty 500 Index Fund?

On SEBI's riskometer, Groww NIFTY 200 ETF is rated Very High and UTI Nifty 500 Index Fund Very High. Over their common history, the standard deviation of daily returns was 13.84% and 13.15% a year.

Can I invest in both Groww NIFTY 200 ETF and UTI Nifty 500 Index Fund?

Yes. 84.4% 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 UTI Nifty 500 Index Fund?

Groww NIFTY 200 ETF: Nikhil Satam, Aakash Chauhan, Shashi Kumar. UTI Nifty 500 Index Fund: Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3.

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.