Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund vs Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund is an Index fund and Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF is an ETF fund. Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund charges 1.38% a year and Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF 0.73%. Their portfolios overlap 99.8%: they hold 100 of the same securities.
Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund
Index
- Expense ratio
- 1.38%
- NAV
- ₹9.95
Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF
ETF
- Expense ratio
- 0.73%
- NAV
- ₹45.63
Which is better, Groww Nifty Smallcap 250 Momentum Quality 100 Index or Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF costs less: 0.73% a year against 1.38%.
- Groww Nifty Smallcap 250 Momentum Quality 100 Index fell less in its worst fall since 19-06-2026: −10.2% against −10.2%.
- Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF is the larger fund: ₹932 Cr against ₹9 Cr.
- Their portfolios overlap 99.8%: 100 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 Smallcap 250 Momentum Quality 100 Index Fund | Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF |
|---|---|---|
| Fund house | Groww Mutual Fund | Mirae Asset Mutual Fund |
| Category | Index | ETF |
| AUM | ₹9 Cr (30-09-2026) | ₹932 Cr (30-09-2026) |
| NAV | ₹9.95 (Direct) | ₹45.63 |
| Expense ratio (Direct) | 1.38% | Not available |
| Expense ratio (Regular) | 1.95% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Smallcap 250 Momentum Quality 100 TRI | Nifty Smallcap 250 Momentum Quality 100 TRI |
| Launch date | 17-06-2026 | 23-02-2024 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Aakash Chauhan, Nikhil Satam, Shashi Kumar | Ekta Gala, amp, Akshay Udeshi |
| Exit load | Nil | If redeemed or switched out within 15 days from the date of allotment: 0.05%, If redeemed or switched out after 15 days from date of allotment: Nil |
Groww Nifty Smallcap 250 Momentum Quality 100 Index vs Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF: 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 Smallcap 250 Momentum Quality 100 Index Fund (Direct) | −4.67% | −2.41% | -- | -- | -- | -- | -- |
| Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF | −4.68% | −2.37% | +3.61% | −1.22% | -- | -- | -- |
Groww Nifty Smallcap 250 Momentum Quality 100 Index vs Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF: Year-wise Returns
| Year | Groww Nifty Smallcap 250 Momentum Quality 100 IndexGroww Nifty Smallcap 250 Momentum Quality 100 Index | Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETFMirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF | Nifty Smallcap250 Momentum Quality 100 TRI |
|---|---|---|---|
| 2026to date | -- | +3.76% | +4.37% |
| 2025 | -- | −12.07% | −11.56% |
Groww Nifty Smallcap 250 Momentum Quality 100 Index vs Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF: Rolling Returns
Every holding period of both funds, against Nifty Smallcap250 Momentum Quality 100 TRI, the benchmark of both
Groww Nifty Smallcap 250 Momentum Quality 100 Index vs Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund (Direct) | Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF |
|---|---|---|
| Return (CAGR) | −3.99% | +0.62% |
| Standard deviation | 16.22% | 20.78% |
| Sharpe ratio | -0.57 | -0.25 |
| Sortino ratio | -0.72 | -0.33 |
| Maximum drawdown | −10.2% (23-10-2026) | −30.4% (23-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.47% | −0.76% |
From daily NAVs, 19-06-2026 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 Smallcap 250 Momentum Quality 100 Index Fund (Direct)
Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF
Nifty Smallcap250 Momentum Quality 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund (Direct) | −10.2% | 08-09-2026 | 23-10-2026 | Not yet | -- | −7.8% |
| Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF | −10.2% | 08-09-2026 | 23-10-2026 | Not yet | -- | −7.8% |
| Nifty Smallcap250 Momentum Quality 100 TRI | −10.1% | 08-09-2026 | 23-10-2026 | Not yet | -- | −7.8% |
From daily values since 19-06-2026, the first day every fund has.
Groww Nifty Smallcap 250 Momentum Quality 100 Index vs Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund, September 2026; Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF, September 2026
Holdings in common
- Overlap
- 99.8%
- Held by both
- 100
- Only in Groww Nifty Smallcap 250 Momentum Quality 100 Index
- 0
- Only in Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF
- 0
| Security | % of Groww Nifty Smallcap 250 Momentum Quality 100 Index | % of Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF |
|---|---|---|
| WELSPUN CORP LTD | 4.76% | 4.77% |
| Sona BLW Precision Forgings Limited | 3.67% | 3.68% |
| Navin Fluorine International Limited | 3.20% | 3.21% |
| Karur Vysya Bank Limited | 3.18% | 3.19% |
| HFCL Limited | 3.15% | 3.13% |
| Anand Rathi Wealth Limited | 3.01% | 3.01% |
| Gland Pharma Limited | 2.96% | 2.96% |
| Acutaas Chemicals Limited | 2.80% | 2.80% |
| AEGIS LOGISTICS LTD | 2.13% | 2.13% |
| Neuland Laboratories Ltd | 2.05% | 2.06% |
| Himadri Speciality Chemical Limited | 2.00% | 2.00% |
| Computer Age Management Services Limited | 2.00% | 2.00% |
| Central Depository Services (India) Ltd. | 1.99% | 1.99% |
| The Great Eastern Shipping Company Ltd | 1.93% | 1.93% |
| Angel One Limited | 1.82% | 1.83% |
| Data Patterns (India) Limited | 1.78% | 1.78% |
| City Union Bank Limited | 1.76% | 1.76% |
| Redington Limited | 1.69% | 1.69% |
| Dr. Lal Path Labs Ltd. | 1.69% | 1.69% |
| Granules India Limited | 1.68% | 1.68% |
| Hindustan Copper Limited | 1.65% | 1.65% |
| Manappuram Finance Limited | 1.38% | 1.38% |
| Elgi Equipments Limited | 1.36% | 1.36% |
| FINOLEX CABLES LTD | 1.31% | 1.31% |
| SCHNEIDER ELECTRIC INFRASTRUCTURE LTD. | 1.20% | 1.20% |
| PNB Housing Finance Limited | 1.20% | 1.20% |
| Amber Enterprises India Limited | 1.09% | 1.09% |
| Kajaria Ceramics Limited | 1.05% | 1.06% |
| Aditya Birla Sun Life Mutual Fund | 1.04% | 1.04% |
| CAPRI GLOBAL CAPITAL LTD | 1.00% | 1.00% |
| Crompton Greaves Consumer Electrical Ltd | 1.00% | 0.99% |
| ZF Comm. Vehicle Control Systems Ind Ltd | 0.98% | 0.99% |
| Castrol India Limited | 0.98% | 0.98% |
| USHA MARTIN LTD | 0.92% | 0.92% |
| Narayana Hrudayalaya Limited | 0.91% | 0.91% |
| Indian Energy Exchange Limited | 0.88% | 0.88% |
| GABRIEL INDIA LIMITED | 0.85% | 0.85% |
| VIJAYA DIAGNOSTIC CENTRE LIMITED | 0.83% | 0.83% |
| HBL Engineering Limited | 0.82% | 0.82% |
| Motherson Sumi Wiring India Limited | 0.81% | 0.81% |
| Engineers India Limited | 0.80% | 0.81% |
| The Jammu & Kashmir Bank Limited | 0.80% | 0.80% |
| FORCE MOTORS LTD. | 0.79% | 0.80% |
| TRIVENI TURBINE LTD. | 0.78% | 0.78% |
| Home First Finance Company India Limited | 0.77% | 0.77% |
| ITD CEMENTATION INDIA LIMITED | 0.75% | 0.75% |
| CCL Products (India) Limited | 0.73% | 0.73% |
| Chennai Petroleum Corporation Ltd. | 0.72% | 0.73% |
| ZEN TECHNOLOGIES LIMITED | 0.72% | 0.72% |
| Caplin Point Laboratories Limited | 0.71% | 0.71% |
| Natco Pharma Limited | 0.70% | 0.70% |
| Shyam Metalics and Energy Ltd. | 0.66% | 0.66% |
| ANANT RAJ LIMITED | 0.64% | 0.64% |
| Amara Raja Energy & Mobility Limited | 0.64% | 0.64% |
| NAVA LIMITED | 0.64% | 0.64% |
| Affle (India) Limited | 0.63% | 0.63% |
| Jindal Saw Ltd | 0.63% | 0.63% |
| EMAMI LTD | 0.62% | 0.62% |
| GARDEN REACH SHIPBUILDERS & ENGINEER LTD | 0.61% | 0.61% |
| Vardhman Textiles Limited | 0.60% | 0.61% |
| Welspun Living Limited | 0.58% | 0.58% |
| Cyient Limited | 0.57% | 0.58% |
| Creditaccess Grameen Limited | 0.57% | 0.57% |
| PG Electroplast Limited | 0.56% | 0.56% |
| Gillette India Limited | 0.54% | 0.54% |
| eClerx Services Limited | 0.54% | 0.54% |
| Zydus Wellness Ltd | 0.52% | 0.52% |
| Godawari Power And Ispat limited | 0.52% | 0.52% |
| JSW Dulux Limited | 0.51% | 0.51% |
| CHOICE INTERNATIONAL LIMITED | 0.48% | 0.48% |
| Action Construction Equipment Ltd | 0.47% | 0.47% |
| Mahanagar Gas Limited | 0.47% | 0.47% |
| BEML Limited | 0.47% | 0.47% |
| Chambal Fertilizers & Chemicals Limited | 0.47% | 0.47% |
| Poly Medicure Ltd | 0.47% | 0.47% |
| Olectra Greentech Limited | 0.45% | 0.46% |
| TITAGARH RAIL SYSTEMS LIMITED | 0.45% | 0.45% |
| Indiamart Intermesh Ltd | 0.41% | 0.41% |
| CEAT Limited | 0.40% | 0.41% |
| Saregama India Limited | 0.38% | 0.38% |
| SONATA SOFTWARE LIMITED | 0.37% | 0.37% |
| Gujarat Mineral Development Corp. | 0.37% | 0.37% |
| Lt Foods Ltd | 0.37% | 0.37% |
| GRAPHITE INDIA LTD | 0.37% | 0.37% |
| TECHNO ELECTRIC & ENGINEERING COMPANY LI | 0.35% | 0.35% |
| GRAVITA INDIA LIMITED | 0.35% | 0.35% |
| INTELLECT DESIGN ARENA LTD | 0.35% | 0.35% |
| Elecon Engineering Company Limited | 0.34% | 0.34% |
| SARDA ENERGY & MINERALS LTD | 0.33% | 0.33% |
| NCC Limited | 0.31% | 0.31% |
| Zensar Technologies Limited | 0.30% | 0.30% |
| Birlasoft Ltd | 0.30% | 0.30% |
| Transformers & Rectifiers (India) Ltd | 0.24% | 0.24% |
| BLS International Services Limited | 0.22% | 0.22% |
| Newgen Software Technologies Limited | 0.22% | 0.22% |
| JUPITER WAGONS LIMITED | 0.21% | 0.21% |
| RITES LIMITED | 0.19% | 0.19% |
| RAILTEL CORPORATION OF INDIA LIMITED | 0.17% | 0.17% |
| LATENT VIEW ANALYTICS LIMITED | 0.11% | 0.11% |
| C.E. Info Systems Limited | 0.10% | 0.10% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 99.8% means 99.8% 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 Nifty Smallcap 250 Momentum Quality 100 Index Fund
Every holding of this fund is also held by the other.
Largest holdings only in Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF
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 Smallcap 250 Momentum Quality 100 Index | Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF |
|---|---|---|
| Equity | 99.8% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.2% | 0.0% |
Market cap of stocks
| Market cap | Groww Nifty Smallcap 250 Momentum Quality 100 Index | Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF |
|---|---|---|
| Large Cap | 0.0% | 0.0% |
| Mid Cap | 6.2% | 6.2% |
| Small Cap | 93.6% | 93.7% |
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 Smallcap 250 Momentum Quality 100 Index | Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF |
|---|---|---|
| Industrial Products | 11.3% | 11.4% |
| Pharmaceuticals & Biotechnology | 10.9% | 10.9% |
| Capital Markets | 10.7% | 10.8% |
| Auto Components | 7.4% | 7.4% |
| Banks | 5.8% | 5.8% |
| Finance | 5.4% | 5.4% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Nifty Smallcap 250 Momentum Quality 100 Index vs Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund | Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.38% | Not available |
| Base expense ratio (Direct) | 0.40% | 0.00% |
| Total expense ratio (Regular) | 1.95% | Not available |
| Base expense ratio (Regular) | 0.90% | 0.39% |
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 Momentum Quality 100 Index Fund vs Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF: Frequently Asked Questions
What is the difference between Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund and Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF?
Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund is an Index fund, Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF is an ETF fund, run by Groww Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 99.8%. Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund charges 1.38% a year and Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF 0.73%.
Which has the lower expense ratio, Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund or Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF?
Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF charges less: 0.73% a year against 1.38%. These are the total expense ratios reported to AMFI.
How much do Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund and Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF overlap?
99.8%. They hold 100 of the same securities, the largest shared ones being WELCORP, SONACOMS, NAVINFLUOR. From each fund's latest monthly portfolio.
Which is riskier, Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund or Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF?
On SEBI's riskometer, Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund is rated Very High and Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF Very High. Over their common history, the standard deviation of daily returns was 16.22% and 20.78% a year.
Can I invest in both Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund and Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF?
Yes. 99.8% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund and Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF?
Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund: Aakash Chauhan, Nikhil Satam, Shashi Kumar. Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF: Ekta Gala, amp, Akshay Udeshi.
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.