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    Groww Nifty Smallcap 250 ETF vs SBI Nifty Smallcap 250 Index Fund

    Direct Plan where a fund has one, Growth option · Data as on 30-10-2026

    Groww Nifty Smallcap 250 ETF is an ETF fund and SBI Nifty Smallcap 250 Index Fund is a mutual fund. In the year to 30-10-2026, Groww Nifty Smallcap 250 ETF returned −3.3% and SBI Nifty Smallcap 250 Index Fund (Direct) returned −3.8%. Groww Nifty Smallcap 250 ETF charges 0.44% a year and SBI Nifty Smallcap 250 Index Fund 0.51%. Their portfolios overlap 98.1%: they hold 250 of the same securities.

    Groww Nifty Smallcap 250 ETF

    ETF

    1 year return
    −3.3%
    Expense ratio
    0.44%
    NAV
    ₹9.70
    See Groww Nifty Smallcap 250 ETF

    SBI Nifty Smallcap 250 Index Fund

    1 year return
    −3.8%
    Expense ratio
    0.51%
    NAV
    ₹18.26
    See SBI Nifty Smallcap 250 Index Fund

    Which is better, Groww Nifty Smallcap 250 ETF or SBI Nifty Smallcap 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 Nifty Smallcap 250 ETF returned more over 1 year: −3.3% against −3.8%.
    • Groww Nifty Smallcap 250 ETF costs less: 0.44% a year against 0.51%.
    • Groww Nifty Smallcap 250 ETF fell less in its worst fall since 29-10-2025: −18.3% against −18.4%.
    • SBI Nifty Smallcap 250 Index is the larger fund: ₹1,755 Cr against ₹17 Cr.
    • Their portfolios overlap 98.1%: 250 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

    FactGroww Nifty Smallcap 250 ETFSBI Nifty Smallcap 250 Index Fund
    Fund houseGroww Mutual FundSBI Mutual Fund
    CategoryETFNot available
    AUM₹17 Cr (30-09-2026)₹1,755 Cr (30-09-2026)
    NAV₹9.70₹18.26 (Direct)
    Expense ratio (Direct)Not available0.51%
    Expense ratio (Regular)Not available0.93%
    RiskometerVery HighNot available
    BenchmarkNifty Smallcap 250 TRINot available
    Launch date28-10-2025Not available
    Minimum investmentNot availableNot available
    Lock inNoneNot available
    Fund managersNikhil Satam, Aakash chauhan, amp, Shashi KumarNot available
    Exit loadNilNot available

    Groww Nifty Smallcap 250 ETF vs SBI Nifty Smallcap 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.

    Fund1M3M6M1Y3Y5Y10Y
    Groww Nifty Smallcap 250 ETF−5.83%−5.84%+0.57%−3.32%------
    SBI Nifty Smallcap 250 Index Fund (Direct)−5.86%−6.14%+0.22%−3.79%+11.62%----

    Groww Nifty Smallcap 250 ETF vs SBI Nifty Smallcap 250 Index: Year-wise Returns

    YearGroww Nifty Smallcap 250 ETFGroww Nifty Smallcap 250 ETFSBI Nifty Smallcap 250 IndexSBI Nifty Smallcap 250 IndexNifty Smallcap 250 TRI
    2026to date+0.86%+0.40%+1.00%
    2025--−5.97%−5.48%
    2024--+26.28%+27.21%
    2023--+48.19%+49.09%

    Groww Nifty Smallcap 250 ETF vs SBI Nifty Smallcap 250 Index: Rolling Returns

    Every holding period of both funds, against Nifty Smallcap 250 TRI, the benchmark of both

    Groww Nifty Smallcap 250 ETF vs SBI Nifty Smallcap 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

    Step up each year
    PeriodFor

    ₹10,000 on the first trading day of every month, from 29-10-2025 to 30-10-2026: 13 instalments, ₹1,30,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    Groww Nifty Smallcap 250 ETFGroww Nifty Smallcap 250 ETF ₹1,30,000 ₹1,29,849 −₹151 −0.2%
    SBI Nifty Smallcap 250 IndexSBI Nifty Smallcap 250 Index Fund (Direct) ₹1,30,000 ₹1,29,645 −₹355 −0.5%
    ₹0₹50,000₹1.0 L₹1.5 L
    2026
    Groww Nifty Smallcap 250 ETFGroww Nifty Smallcap 250 ETFSBI Nifty Smallcap 250 IndexSBI Nifty Smallcap 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 Nifty Smallcap 250 ETF vs SBI Nifty Smallcap 250 Index: Risk and Drawdowns

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

    Risk and return

    MeasureGroww Nifty Smallcap 250 ETFSBI Nifty Smallcap 250 Index Fund (Direct)
    Return (CAGR)−3.32%−3.79%
    Standard deviation18.05%18.05%
    Sharpe ratio-0.47-0.50
    Sortino ratio-0.64-0.68
    Maximum drawdown−18.3% (23-03-2026)−18.4% (23-03-2026)
    Beta1.001.00
    Alpha−0.20%−0.64%

    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.

    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.

    −20%−15%−10%−5%0%
    2026
    Groww Nifty Smallcap 250 ETFSBI Nifty Smallcap 250 Index Fund (Direct)Nifty Smallcap 250 TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    Groww Nifty Smallcap 250 ETF−18.3%03-11-202523-03-202608-05-202646 days−9.4%
    SBI Nifty Smallcap 250 Index Fund (Direct)−18.4%03-11-202523-03-202617-06-20263 months−9.7%
    Nifty Smallcap 250 TRI−18.2%03-11-202523-03-202607-05-202645 days−9.4%

    From daily values since 29-10-2025, 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.

    0%5%10%15%20%
    Groww Nifty Smallcap 250 ETFSBI Nifty Smallcap 250 Index Fund (Direct)Nifty Smallcap 250 TRI

    Against Nifty Smallcap 250 TRI

    FundUp captureDown captureTracking error
    Groww Nifty Smallcap 250 ETF99%100%0.20%
    SBI Nifty Smallcap 250 Index Fund (Direct)99%102%0.14%

    From month-end values since 29-10-2025. 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 Smallcap 250 ETF vs SBI Nifty Smallcap 250 Index: Portfolio Overlap

    From each fund's latest monthly portfolio: Groww Nifty Smallcap 250 ETF, September 2026; SBI Nifty Smallcap 250 Index Fund, September 2026

    Holdings in common

    Overlap
    98.1%
    Held by both
    250
    Only in Groww Nifty Smallcap 250 ETF
    0
    Only in SBI Nifty Smallcap 250 Index
    1
    Security% of Groww Nifty Smallcap 250 ETF% of SBI Nifty Smallcap 250 Index
    Sona BLW Precision Forgings Limited1.67%1.67%
    WELSPUN CORP LTD1.59%1.59%
    Karur Vysya Bank Limited1.37%1.37%
    Navin Fluorine International Limited1.35%1.36%
    Ather Energy Limited1.21%1.21%
    RBL Bank Limited1.12%1.12%
    Delhivery Limited1.10%1.10%
    Redington Limited1.08%1.08%
    HFCL Limited1.04%1.03%
    Gland Pharma Limited1.03%1.03%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 98.1% means 98.1% 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 Smallcap 250 ETF

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

    Largest holdings only in SBI Nifty Smallcap 250 Index Fund

    Security% of fund
    MTAR technologies Ltd.0.18%

    Asset and sector split

    Share of each fund, from its latest monthly portfolio

    Asset allocation

    AssetGroww Nifty Smallcap 250 ETFSBI Nifty Smallcap 250 Index
    Equity97.7%97.4%
    Debt0.0%0.0%
    Cash and others2.3%2.6%

    Market cap of stocks

    Market capGroww Nifty Smallcap 250 ETFSBI Nifty Smallcap 250 Index
    Large Cap0.0%0.0%
    Mid Cap2.7%2.7%
    Small Cap94.0%93.7%
    Not on AMFI's list1.0%1.0%

    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

    SectorGroww Nifty Smallcap 250 ETFSBI Nifty Smallcap 250 Index
    Industrial Products8.6%8.6%
    Auto Components8.4%8.4%
    Pharmaceuticals & Biotechnology7.7%7.7%
    Finance7.6%7.6%
    Chemicals & Petrochemicals5.7%5.7%
    Capital Markets5.4%5.4%

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

    Groww Nifty Smallcap 250 ETF vs SBI Nifty Smallcap 250 Index: Expense Ratio

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

    ChargeGroww Nifty Smallcap 250 ETFSBI Nifty Smallcap 250 Index Fund
    Total expense ratio (Direct)Not available0.51%
    Base expense ratio (Direct)0.30%0.34%
    Total expense ratio (Regular)Not available0.93%
    Base expense ratio (Regular)0.00%0.70%

    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 Smallcap 250 ETF vs SBI Nifty Smallcap 250 Index Fund: Frequently Asked Questions

    What is the difference between Groww Nifty Smallcap 250 ETF and SBI Nifty Smallcap 250 Index Fund?

    Groww Nifty Smallcap 250 ETF is an ETF fund, SBI Nifty Smallcap 250 Index Fund is a mutual fund, run by Groww Mutual Fund and SBI Mutual Fund. Their portfolios overlap 98.1%. Groww Nifty Smallcap 250 ETF charges 0.44% a year and SBI Nifty Smallcap 250 Index Fund 0.51%.

    Which has given higher returns, Groww Nifty Smallcap 250 ETF or SBI Nifty Smallcap 250 Index Fund?

    Over 1 year: Groww Nifty Smallcap 250 ETF −3.32%, SBI Nifty Smallcap 250 Index Fund −3.79%. As on 30-10-2026. Past returns do not promise future returns.

    Which has the lower expense ratio, Groww Nifty Smallcap 250 ETF or SBI Nifty Smallcap 250 Index Fund?

    Groww Nifty Smallcap 250 ETF charges less: 0.44% a year against 0.51%. These are the total expense ratios reported to AMFI.

    How much do Groww Nifty Smallcap 250 ETF and SBI Nifty Smallcap 250 Index Fund overlap?

    98.1%. They hold 250 of the same securities, the largest shared ones being SONACOMS, WELCORP, KARURVYSYA. From each fund's latest monthly portfolio.

    Can I invest in both Groww Nifty Smallcap 250 ETF and SBI Nifty Smallcap 250 Index Fund?

    Yes. 98.1% of each fund's money sits in the same holdings, so a large part of the two investments would move together.

    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.

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