Groww Nifty 50 Index Fund vs Zerodha Nifty 50 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Groww Nifty 50 Index Fund is an Index fund and Zerodha Nifty 50 Index Fund is an Index fund. In the year to 30-10-2026, Groww Nifty 50 Index Fund (Direct) returned −10.4% and Zerodha Nifty 50 Index Fund (Direct) returned −10.3%. Groww Nifty 50 Index Fund charges 0.46% a year and Zerodha Nifty 50 Index Fund 0.28% (Direct plans). Their portfolios overlap 100.0%: they hold 50 of the same securities.
Groww Nifty 50 Index Fund
Index
- 1 year return
- −10.4%
- Expense ratio
- 0.46%
- NAV
- ₹9.25
Zerodha Nifty 50 Index Fund
Index
- 1 year return
- −10.3%
- Expense ratio
- 0.28%
- NAV
- ₹9.24
Which is better, Groww Nifty 50 Index or Zerodha Nifty 50 Index? 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 50 Index returned more over 1 year: −10.3% against −10.4%.
- Zerodha Nifty 50 Index costs less: 0.28% a year against 0.46% (Direct plans).
- Groww Nifty 50 Index fell less in its worst fall since 17-10-2025: −15.1% against −15.2%.
- Zerodha Nifty 50 Index is the larger fund: ₹75 Cr against ₹27 Cr.
- Their portfolios overlap 100.0%: 50 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 50 Index Fund | Zerodha Nifty 50 Index Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | Zerodha Mutual Fund |
| Category | Index | Index |
| AUM | ₹27 Cr (30-09-2026) | ₹75 Cr (30-09-2026) |
| NAV | ₹9.25 (Direct) | ₹9.24 (Direct) |
| Expense ratio (Direct) | 0.46% | 0.28% |
| Expense ratio (Regular) | 1.14% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 50 TRI | Nifty 50 TRI |
| Launch date | 21-07-2025 | 14-10-2025 |
| Minimum investment | ₹500 | ₹100 |
| Lock in | None | None |
| Fund managers | Aakash Chauhan, Nikhil Satam, Shashi Kumar | Kedarnath Mirajkar |
| Exit load | Nil | Nil |
Groww Nifty 50 Index vs Zerodha Nifty 50 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 50 Index Fund (Direct) | +1.92% | −5.08% | −3.33% | −10.39% | -- | -- | -- |
| Zerodha Nifty 50 Index Fund (Direct) | +1.95% | −5.00% | −3.12% | −10.25% | -- | -- | -- |
Groww Nifty 50 Index vs Zerodha Nifty 50 Index: Year-wise Returns
| Year | GrowwGroww Nifty 50 Index | ZerodhaZerodha Nifty 50 Index | Nifty 50 TRI |
|---|---|---|---|
| 2026to date | −11.20% | −11.01% | −10.91% |
Groww Nifty 50 Index vs Zerodha Nifty 50 Index: Rolling Returns
Every holding period of both funds, against Nifty 50 TRI, the benchmark of both
Groww Nifty 50 Index vs Zerodha Nifty 50 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 01-10-2025 to 30-10-2026: 13 instalments, ₹1,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Groww Nifty 50 IndexGroww Nifty 50 Index Fund (Direct) | ₹1,30,000 | ₹1,23,209 | −₹6,791 | −8.9% |
| Zerodha Nifty 50 IndexZerodha Nifty 50 Index Fund (Direct) | ₹1,30,000 | ₹1,23,091 | −₹6,909 | −9.1% |
Groww Nifty 50 IndexGroww Nifty 50 Index Fund (Direct)
Zerodha Nifty 50 IndexZerodha Nifty 50 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 Nifty 50 Index vs Zerodha Nifty 50 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Groww Nifty 50 Index Fund (Direct) | Zerodha Nifty 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.39% | −10.25% |
| Standard deviation | 13.60% | 13.60% |
| Sharpe ratio | -1.15 | -1.14 |
| Sortino ratio | -1.53 | -1.52 |
| Maximum drawdown | −15.1% (31-03-2026) | −15.2% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.42% | −0.28% |
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 50 Index Fund (Direct) | Zerodha Nifty 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.79% | −9.31% |
| Standard deviation | 12.68% | 13.43% |
| Sharpe ratio | -0.88 | -1.08 |
| Sortino ratio | -1.18 | -1.45 |
| Maximum drawdown | −15.1% (31-03-2026) | −15.2% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.48% | −0.29% |
From daily NAVs, 22-07-2025 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 50 Index Fund (Direct)
Zerodha Nifty 50 Index Fund (Direct)
Nifty 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Groww Nifty 50 Index Fund (Direct) | −15.1% | 02-01-2026 | 31-03-2026 | Not yet | -- | −11.9% |
| Zerodha Nifty 50 Index Fund (Direct) | −15.2% | 02-01-2026 | 30-03-2026 | Not yet | -- | −11.7% |
| Nifty 50 TRI | −15.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −11.6% |
From daily values since 17-10-2025, 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 Nifty 50 Index Fund (Direct)
Zerodha Nifty 50 Index Fund (Direct)
Nifty 50 TRI
Against Nifty 50 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Groww Nifty 50 Index Fund (Direct) | 98% | 101% | 0.07% |
| Zerodha Nifty 50 Index Fund (Direct) | 99% | 100% | 0.15% |
From month-end values since 17-10-2025. 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 Nifty 50 Index vs Zerodha Nifty 50 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Nifty 50 Index Fund, September 2026; Zerodha Nifty 50 Index Fund, September 2026
Holdings in common
- Overlap
- 100.0%
- Held by both
- 50
- Only in Groww Nifty 50 Index
- 0
- Only in Zerodha Nifty 50 Index
- 0
| Security | % of Groww Nifty 50 Index | % of Zerodha Nifty 50 Index |
|---|---|---|
| HDFC Bank Limited | 10.38% | 10.44% |
| ICICI Bank Limited | 9.05% | 9.10% |
| Reliance Industries Limited | 7.58% | 7.63% |
| Bharti Airtel Limited | 5.10% | 5.13% |
| Larsen & Toubro Limited | 4.21% | 4.23% |
| State Bank of India | 3.79% | 3.81% |
| Axis Bank Limited | 3.37% | 3.39% |
| Infosys Limited | 3.35% | 3.37% |
| Kotak Mahindra Bank Limited | 2.93% | 2.95% |
| Mahindra & Mahindra Limited | 2.52% | 2.53% |
| Bajaj Finance Limited | 2.50% | 2.52% |
| ITC Limited | 2.42% | 2.43% |
| Eternal Limited | 2.22% | 2.23% |
| Tata Consultancy Services Limited | 2.00% | 2.01% |
| Sun Pharmaceutical Industries Limited | 1.84% | 1.85% |
| Titan Company Limited | 1.81% | 1.82% |
| Hindustan Unilever Limited | 1.59% | 1.60% |
| Maruti Suzuki India Limited | 1.48% | 1.49% |
| NTPC Limited | 1.47% | 1.47% |
| Tata Steel Limited | 1.46% | 1.47% |
| Adani Port & Special Economic Zone Ltd | 1.35% | 1.35% |
| Bharat Electronics Limited | 1.33% | 1.34% |
| Shriram Finance Limited | 1.32% | 1.32% |
| Hindalco Industries Limited | 1.30% | 1.31% |
| HCL Technologies Limited | 1.24% | 1.25% |
| UltraTech Cement Limited | 1.24% | 1.25% |
| BSE Ltd | 1.21% | 1.21% |
| JSW Steel Limited | 1.15% | 1.16% |
| Bajaj Auto Limited | 1.13% | 1.14% |
| Power Grid Corporation of India Limited | 1.13% | 1.13% |
| Grasim Industries Limited | 1.10% | 1.11% |
| InterGlobe Aviation Limited | 1.08% | 1.08% |
| Asian Paints Limited | 1.04% | 1.04% |
| Coal India Limited | 0.97% | 0.98% |
| Bajaj Finserv Limited | 0.96% | 0.97% |
| Eicher Motors Limited | 0.94% | 0.95% |
| Adani Enterprises Limited | 0.94% | 0.95% |
| Tech Mahindra Limited | 0.92% | 0.93% |
| Nestle India Limited | 0.90% | 0.90% |
| Oil & Natural Gas Corporation Limited | 0.84% | 0.84% |
| Trent Limited | 0.83% | 0.84% |
| Apollo Hospitals Enterprise Limited | 0.80% | 0.81% |
| SBI Life Insurance Company Limited | 0.73% | 0.73% |
| Cipla Limited | 0.72% | 0.73% |
| Dr. Reddy's Laboratories Limited | 0.72% | 0.72% |
| Jio Financial Services Limited | 0.68% | 0.68% |
| Max Healthcare Institute Limited | 0.66% | 0.66% |
| Tata Consumer Products Limited | 0.59% | 0.59% |
| Tata Motors Passenger Vehicles Limited | 0.57% | 0.57% |
| HDFC Life Insurance Company Limited | 0.54% | 0.54% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 100.0% means 100.0% 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 50 Index Fund
Every holding of this fund is also held by the other.
Largest holdings only in Zerodha Nifty 50 Index Fund
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 | Groww Nifty 50 Index | Zerodha Nifty 50 Index |
|---|---|---|
| Equity | 100.0% | 100.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | -0.6% |
Market cap of stocks
| Market cap | Groww Nifty 50 Index | Zerodha Nifty 50 Index |
|---|---|---|
| Large Cap | 98.6% | 99.2% |
| Mid Cap | 1.4% | 1.4% |
| Small Cap | 0.0% | 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 50 Index | Zerodha Nifty 50 Index |
|---|---|---|
| Banks | 29.5% | 29.7% |
| Petroleum Products | 7.6% | 7.6% |
| IT - Software | 7.5% | 7.6% |
| Automobiles | 6.6% | 6.7% |
| Finance | 5.5% | 5.5% |
| Telecom - Services | 5.1% | 5.1% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Nifty 50 Index vs Zerodha Nifty 50 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Nifty 50 Index Fund | Zerodha Nifty 50 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.46% | 0.28% |
| Base expense ratio (Direct) | 0.30% | 0.10% |
| Total expense ratio (Regular) | 1.14% | Not available |
| Base expense ratio (Regular) | 0.90% | 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.
Groww Nifty 50 Index Fund vs Zerodha Nifty 50 Index Fund: Frequently Asked Questions
What is the difference between Groww Nifty 50 Index Fund and Zerodha Nifty 50 Index Fund?
Groww Nifty 50 Index Fund is an Index fund, Zerodha Nifty 50 Index Fund is an Index fund, run by Groww Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 100.0%. Groww Nifty 50 Index Fund charges 0.46% a year and Zerodha Nifty 50 Index Fund 0.28%.
Which has given higher returns, Groww Nifty 50 Index Fund or Zerodha Nifty 50 Index Fund?
Over 1 year: Groww Nifty 50 Index Fund −10.39%, Zerodha Nifty 50 Index Fund −10.25%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Groww Nifty 50 Index Fund or Zerodha Nifty 50 Index Fund?
Zerodha Nifty 50 Index Fund charges less: 0.28% a year against 0.46%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Groww Nifty 50 Index Fund and Zerodha Nifty 50 Index Fund overlap?
100.0%. They hold 50 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Groww Nifty 50 Index Fund or Zerodha Nifty 50 Index Fund?
On SEBI's riskometer, Groww Nifty 50 Index Fund is rated Very High and Zerodha Nifty 50 Index Fund Very High. Over 1 years, the standard deviation of daily returns was 13.60% and 13.60% a year.
Can I invest in both Groww Nifty 50 Index Fund and Zerodha Nifty 50 Index Fund?
Yes. 100.0% 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 50 Index Fund and Zerodha Nifty 50 Index Fund?
Groww Nifty 50 Index Fund: Aakash Chauhan, Nikhil Satam, Shashi Kumar. Zerodha Nifty 50 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.