Mirae Asset Arbitrage Fund vs Zerodha Nifty LargeMidcap 250 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Mirae Asset Arbitrage Fund is an Arbitrage fund and Zerodha Nifty LargeMidcap 250 Index Fund is an Index fund. In the year to 30-10-2026, Mirae Asset Arbitrage Fund (Direct) returned 6.7% and Zerodha Nifty LargeMidcap 250 Index Fund (Direct) returned −6.2%. Mirae Asset Arbitrage Fund charges 2.48% a year and Zerodha Nifty LargeMidcap 250 Index Fund 0.38% (Direct plans). Their portfolios overlap 52.7%: they hold 174 of the same securities.
Mirae Asset Arbitrage Fund
Arbitrage
- 1 year return
- 6.7%
- Expense ratio
- 2.48%
- NAV
- ₹14.71
Zerodha Nifty LargeMidcap 250 Index Fund
Index
- 1 year return
- −6.2%
- Expense ratio
- 0.38%
- NAV
- ₹13.46
Which is better, Mirae Asset Arbitrage or Zerodha Nifty LargeMidcap 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.
- Mirae Asset Arbitrage returned more over 1 year: 6.7% against −6.2%.
- Zerodha Nifty LargeMidcap 250 Index costs less: 0.38% a year against 2.48% (Direct plans).
- Mirae Asset Arbitrage fell less in its worst fall since 10-11-2023: −0.4% against −18.8%.
- Zerodha Nifty LargeMidcap 250 Index holds more in large companies: 52.0% of the fund in large caps against 37.6%.
- Mirae Asset Arbitrage is the larger fund: ₹3,571 Cr against ₹1,569 Cr.
- Their portfolios overlap 52.7%: 174 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 | Mirae Asset Arbitrage Fund | Zerodha Nifty LargeMidcap 250 Index Fund |
|---|---|---|
| Fund house | Mirae Asset Mutual Fund | Zerodha Mutual Fund |
| Category | Arbitrage | Index |
| AUM | ₹3,571 Cr (30-09-2026) | ₹1,569 Cr (30-09-2026) |
| NAV | ₹14.71 (Direct) | ₹13.46 (Direct) |
| Expense ratio (Direct) | 2.48% | 0.38% |
| Expense ratio (Regular) | 3.25% | Not available |
| Riskometer | Low | Very High |
| Benchmark | Nifty 50 Arbitrage Index | Nifty LargeMidcap 250 TRI |
| Launch date | 19-06-2020 | 08-11-2023 |
| Minimum investment | ₹5,000 | Rs. 100. |
| Lock in | None | None |
| Fund managers | Jignesh Rao, Jigar Sethia, Pranavi Kulkarni | Kedarnath Mirajkar |
| Exit load | Exit Load : 0.25% If Redeemed or Switched Out within 15 days from the date of allotment. Nil after 15 Days. | Nil |
Mirae Asset Arbitrage vs Zerodha Nifty LargeMidcap 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.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Mirae Asset Arbitrage Fund (Direct) | +0.62% | +1.57% | +3.33% | +6.73% | +7.35% | +6.82% | -- |
| Zerodha Nifty LargeMidcap 250 Index Fund (Direct) | −1.31% | −6.83% | −3.29% | −6.24% | -- | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | +6.62% | +7.18% | +6.68% | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
Mirae Asset Arbitrage vs Zerodha Nifty LargeMidcap 250 Index: Year-wise Returns
| Year | Mirae Asset ArbitrageMirae Asset Arbitrage | Zerodha Nifty LargeMidcap 250 IndexZerodha Nifty LargeMidcap 250 Index |
|---|---|---|
| 2026to date | +5.52% | −6.89% |
| 2025 | +6.99% | +8.37% |
| 2024 | +8.36% | +18.50% |
| 2023 | +7.82% | -- |
| 2022 | +4.84% | -- |
| 2021 | +4.19% | -- |
Mirae Asset Arbitrage vs Zerodha Nifty LargeMidcap 250 Index: Rolling Returns
Every holding period of both funds, against NIFTY LargeMidcap 250 TRI, the benchmark of Zerodha Nifty LargeMidcap 250 Index Fund
Rolling returns
Every 1-year holding period, 485 of them, one for each trading day from 11-11-2024 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.
Mirae Asset Arbitrage Fund (Direct)
Zerodha Nifty LargeMidcap 250 Index Fund (Direct)
NIFTY LargeMidcap 250 TRI
to
Jan 2025May 2024
to
May 2025Sept 2024
to
Sept 2025Jan 2025
to
Jan 2026May 2025
to
May 2026Sept 2025
to
Sept 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mirae Asset Arbitrage | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.2% | 7.0% | 6.2% | 8.5% | 58% |
| Zerodha Nifty LargeMidcap 250 Index | 14.4 | 31.8 | 29.7 | 12.6 | 4.7 | 1.9 | 4.9 | 6.9% | 5.7% | −7.7% | 33.3% | 81% |
| NIFTY LargeMidcap 250 TRI | 15.7 | 31.1 | 30.5 | 11.1 | 4.7 | 1.9 | 4.9 | 6.8% | 5.6% | −8.0% | 33.7% | -- |
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 LargeMidcap 250 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 10-11-2023. Past returns do not promise future returns.
Mirae Asset Arbitrage vs Zerodha Nifty LargeMidcap 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
₹10,000 on the first trading day of every month, from 01-11-2023 to 30-10-2026: 36 instalments, ₹3,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Mirae Asset ArbitrageMirae Asset Arbitrage Fund (Direct) | ₹3,60,000 | ₹3,99,911 | ₹39,911 | 7.0% |
| Zerodha Nifty LargeMidcap 250 IndexZerodha Nifty LargeMidcap 250 Index Fund (Direct) | ₹3,60,000 | ₹3,69,843 | ₹9,843 | 1.8% |
Mirae Asset ArbitrageMirae Asset Arbitrage Fund (Direct)
Zerodha Nifty LargeMidcap 250 IndexZerodha Nifty LargeMidcap 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.
Mirae Asset Arbitrage vs Zerodha Nifty LargeMidcap 250 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Mirae Asset Arbitrage Fund (Direct) | Zerodha Nifty LargeMidcap 250 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.73% | −6.24% |
| Standard deviation | 1.45% | 14.85% |
| Sharpe ratio | 1.02 | -0.77 |
| Sortino ratio | 1.53 | -1.03 |
| Maximum drawdown | −0.4% (06-08-2026) | −14.3% (30-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | +0.23% |
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 | Mirae Asset Arbitrage Fund (Direct) | Zerodha Nifty LargeMidcap 250 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.25% | +10.48% |
| Standard deviation | 1.03% | 14.89% |
| Sharpe ratio | 0.99 | 0.30 |
| Sortino ratio | 1.49 | 0.40 |
| Maximum drawdown | −0.4% (06-08-2026) | −18.8% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | +0.04% |
From daily NAVs, 22-06-2020 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.
Mirae Asset Arbitrage Fund (Direct)
Zerodha Nifty LargeMidcap 250 Index Fund (Direct)
NIFTY LargeMidcap 250 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Mirae Asset Arbitrage Fund (Direct) | −0.4% | 03-08-2026 | 06-08-2026 | 31-08-2026 | 25 days | −0.0% |
| Zerodha Nifty LargeMidcap 250 Index Fund (Direct) | −18.8% | 26-09-2024 | 28-02-2025 | 17-11-2025 | 9 months | −8.6% |
| NIFTY LargeMidcap 250 TRI | −18.8% | 26-09-2024 | 28-02-2025 | 17-11-2025 | 9 months | −8.6% |
From daily values since 10-11-2023, 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.
Mirae Asset Arbitrage Fund (Direct)
Zerodha Nifty LargeMidcap 250 Index Fund (Direct)
NIFTY LargeMidcap 250 TRI
Against NIFTY LargeMidcap 250 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Mirae Asset Arbitrage Fund (Direct) | 19% | -13% | 15.94% |
| Zerodha Nifty LargeMidcap 250 Index Fund (Direct) | 100% | 100% | 0.08% |
From month-end values since 10-11-2023. 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.
Mirae Asset Arbitrage vs Zerodha Nifty LargeMidcap 250 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Mirae Asset Arbitrage Fund, September 2026; Zerodha Nifty LargeMidcap 250 Index Fund, September 2026
Holdings in common
- Overlap
- 52.7%
- Held by both
- 174
- Only in Mirae Asset Arbitrage
- 22
- Only in Zerodha Nifty LargeMidcap 250 Index
- 76
| Security | % of Mirae Asset Arbitrage | % of Zerodha Nifty LargeMidcap 250 Index |
|---|---|---|
| Larsen & Toubro Ltd. | 1.78% | 1.71% |
| Infosys Ltd. | 0.90% | 1.36% |
| Reliance Industries Ltd. | 0.83% | 3.08% |
| Tata Consultancy Services Ltd. | 0.84% | 0.81% |
| Multi Commodity Exchange of India Ltd. | 0.74% | 1.04% |
| ICICI Bank Ltd. | 0.71% | 3.68% |
| State Bank of India | 0.66% | 1.54% |
| Life Insurance Corporation of India | 0.72% | 0.62% |
| Axis Bank Ltd. | 0.60% | 1.37% |
| Maruti Suzuki India Ltd. | 0.74% | 0.60% |
| Info Edge (India) Ltd. | 0.64% | 0.58% |
| Aurobindo Pharma Ltd. | 0.67% | 0.57% |
| Bajaj Finance Ltd. | 0.56% | 1.02% |
| Bharat Forge Ltd. | 0.55% | 0.66% |
| Sun Pharmaceutical Industries Ltd. | 0.55% | 0.75% |
| Mahindra & Mahindra Ltd. | 0.55% | 1.02% |
| Ashok Leyland Ltd. | 0.59% | 0.54% |
| Bharti Airtel Ltd. | 0.54% | 2.07% |
| Titan Company Ltd. | 0.54% | 0.74% |
| The Federal Bank Ltd. | 0.53% | 0.96% |
| Tata Steel Ltd. | 0.52% | 0.59% |
| APL Apollo Tubes Ltd. | 0.92% | 0.49% |
| BSE Ltd. | 0.91% | 0.49% |
| Ultratech Cement Ltd. | 0.49% | 0.50% |
| JSW Steel Ltd. | 0.53% | 0.47% |
| HDFC Bank Ltd. | 0.46% | 4.22% |
| Divi's Laboratories Ltd. | 0.61% | 0.46% |
| IndusInd Bank Ltd. | 0.45% | 0.73% |
| Grasim Industries Ltd. | 0.74% | 0.45% |
| One 97 Communications Ltd. | 0.45% | 0.89% |
| NTPC Ltd. | 0.45% | 0.60% |
| Interglobe Aviation Ltd. | 0.61% | 0.44% |
| SRF Ltd. | 0.53% | 0.44% |
| The Phoenix Mills Ltd. | 0.48% | 0.44% |
| Laurus Labs Ltd. | 0.44% | 0.95% |
| Hindustan Unilever Ltd. | 0.44% | 0.65% |
| Glenmark Pharmaceuticals Ltd. | 0.46% | 0.43% |
| Radico Khaitan Ltd. | 0.58% | 0.42% |
| Asian Paints Ltd. | 0.43% | 0.42% |
| ITC Ltd. | 0.41% | 0.98% |
| Coforge Ltd. | 0.41% | 0.75% |
| Swiggy Ltd. | 0.40% | 0.46% |
| Marico Ltd. | 0.40% | 0.51% |
| Coal India Ltd. | 0.48% | 0.40% |
| Persistent Systems Ltd. | 0.39% | 0.71% |
| Lupin Ltd. | 0.39% | 0.61% |
| National Aluminium Company Ltd. | 0.43% | 0.38% |
| Eicher Motors Ltd. | 0.39% | 0.38% |
| Hindustan Petroleum Corporation Ltd. | 0.38% | 0.41% |
| TVS Motor Company Ltd. | 0.62% | 0.37% |
| JSW Energy Ltd. | 0.43% | 0.37% |
| Fortis Healthcare Ltd. | 0.36% | 0.49% |
| Adani Enterprises Ltd. | 0.36% | 0.38% |
| Alkem Laboratories Ltd. | 0.36% | 0.38% |
| PB Fintech Ltd. | 0.36% | 0.46% |
| The Indian Hotels Company Ltd. | 0.35% | 0.79% |
| Hindalco Industries Ltd. | 0.34% | 0.53% |
| Mphasis Ltd. | 0.34% | 0.35% |
| Trent Ltd. | 0.80% | 0.34% |
| Oil & Natural Gas Corporation Ltd. | 0.41% | 0.34% |
| NHPC Ltd. | 0.37% | 0.34% |
| Nestle India Ltd. | 0.34% | 0.36% |
| Adani Ports and Special Economic Zone Ltd. | 0.34% | 0.55% |
| Aditya Birla Capital Ltd. | 0.33% | 0.40% |
| NMDC Ltd. | 0.55% | 0.33% |
| 360 ONE WAM Ltd. | 0.44% | 0.33% |
| Apollo Hospitals Enterprise Ltd. | 0.35% | 0.33% |
| Havells India Ltd. | 0.54% | 0.32% |
| Biocon Ltd. | 0.42% | 0.32% |
| Indus Towers Ltd. | 0.31% | 0.59% |
| Tube Investments of India Ltd. | 0.38% | 0.31% |
| Vishal Mega Mart Ltd. | 0.31% | 0.35% |
| Bajaj Finserv Ltd. | 0.31% | 0.39% |
| Oil India Ltd. | 0.40% | 0.30% |
| SBI Life Insurance Co. Ltd. | 0.40% | 0.30% |
| Voltas Ltd. | 0.35% | 0.30% |
| UPL Ltd. | 0.30% | 0.37% |
| AU Small Finance Bank Ltd. | 0.28% | 0.72% |
| Tech Mahindra Ltd. | 0.28% | 0.38% |
| L&T Finance Ltd. | 0.35% | 0.28% |
| Samvardhana Motherson International Ltd. | 0.32% | 0.28% |
| GE Vernova T&D India Ltd. | 0.28% | 0.64% |
| Jio Financial Services Ltd. | 0.28% | 0.28% |
| Page Industries Ltd. | 0.27% | 0.28% |
| Hero MotoCorp Ltd. | 0.27% | 0.84% |
| Bajaj Auto Ltd. | 0.27% | 0.46% |
| Godrej Properties Ltd. | 0.53% | 0.27% |
| Max Healthcare Institute Ltd. | 0.39% | 0.27% |
| Cholamandalam Investment & Finance Co. Ltd. | 0.34% | 0.27% |
| Torrent Pharmaceuticals Ltd. | 0.27% | 0.27% |
| KEI Industries Ltd. | 0.27% | 0.34% |
| Dabur India Ltd. | 0.26% | 0.28% |
| Kalyan Jewellers India Ltd. | 0.75% | 0.26% |
| Oberoi Realty Ltd. | 0.44% | 0.26% |
| UNO Minda Ltd. | 0.29% | 0.26% |
| United Spirits Ltd. | 0.26% | 0.49% |
| Eternal Ltd. | 0.26% | 0.90% |
| Cummins India Ltd. | 0.72% | 0.25% |
| Max Financial Services Ltd. | 0.25% | 0.45% |
| Bharat Petroleum Corporation Ltd. | 0.63% | 0.24% |
| Tata Consumer Products Ltd. | 0.37% | 0.24% |
| Avenue Supermarts Ltd. | 0.32% | 0.24% |
| Adani Power Ltd. | 0.24% | 0.33% |
| CG Power and Industrial Solutions Ltd. | 0.52% | 0.23% |
| Tata Motors Passenger Vehicles Ltd. | 0.30% | 0.23% |
| Varun Beverages Ltd. | 0.28% | 0.23% |
| FSN E-Commerce Ventures Ltd. | 0.23% | 0.54% |
| Supreme Industries Ltd. | 0.22% | 0.27% |
| Yes Bank Ltd. | 0.22% | 0.45% |
| Nippon Life India Asset Management Ltd. | 0.22% | 0.24% |
| HDFC Life Insurance Company Ltd. | 0.30% | 0.22% |
| IDFC First Bank Ltd. | 0.22% | 0.67% |
| Astral Ltd. | 0.43% | 0.21% |
| SBI Cards & Payment Services Ltd. | 0.28% | 0.21% |
| Suzlon Energy Ltd. | 0.21% | 0.59% |
| Lodha Developers Ltd. | 0.21% | 0.41% |
| LIC Housing Finance Ltd. | 0.73% | 0.20% |
| Bank of Maharashtra | 0.31% | 0.20% |
| Indian Oil Corporation Ltd. | 0.28% | 0.20% |
| Power Grid Corporation of India Ltd. | 0.20% | 0.46% |
| Mankind Pharma Ltd. | 0.19% | 0.35% |
| Motilal Oswal Financial Services Ltd. | 0.39% | 0.19% |
| Container Corporation of India Ltd. | 0.21% | 0.19% |
| Bank of India | 0.20% | 0.19% |
| Pidilite Industries Ltd. | 0.71% | 0.18% |
| Vedanta Ltd. | 0.71% | 0.18% |
| GAIL (India) Ltd. | 0.44% | 0.18% |
| HDFC Asset Management Co. Ltd. | 0.37% | 0.18% |
| Power Finance Corporation Ltd. | 0.24% | 0.18% |
| Tata Power Company Ltd. | 0.18% | 0.23% |
| Hindustan Aeronautics Ltd. | 0.17% | 0.34% |
| Polycab India Ltd. | 0.65% | 0.17% |
| Bank of Baroda | 0.39% | 0.17% |
| Adani Green Energy Ltd. | 0.38% | 0.17% |
| Adani Energy Solutions Ltd. | 0.37% | 0.17% |
| DLF Ltd. | 0.26% | 0.17% |
| Bharat Heavy Electricals Ltd. | 0.17% | 0.75% |
| Solar Industries India Ltd. | 0.17% | 0.19% |
| Petronet LNG Ltd. | 0.17% | 0.26% |
| Premier Energies Ltd | 0.64% | 0.16% |
| Canara Bank | 0.40% | 0.16% |
| Bosch Ltd. | 0.39% | 0.16% |
| Patanjali Foods Ltd. | 0.68% | 0.15% |
| Hitachi Energy India Ltd. | 0.40% | 0.15% |
| Punjab National Bank | 0.34% | 0.15% |
| Dr. Reddy's Laboratories Ltd. | 0.14% | 0.29% |
| Vodafone Idea Ltd. | 0.43% | 0.14% |
| ABB India Ltd. | 0.25% | 0.14% |
| Colgate Palmolive (India) Ltd. | 0.14% | 0.29% |
| Union Bank of India | 0.25% | 0.13% |
| Godrej Consumer Products Ltd. | 0.15% | 0.13% |
| Bajaj Holdings & Investment Ltd. | 0.11% | 0.18% |
| Muthoot Finance Ltd. | 0.45% | 0.11% |
| Hindustan Zinc Ltd. | 0.30% | 0.11% |
| Zydus Lifesciences Ltd. | 0.21% | 0.11% |
| Bharat Dynamics Ltd. | 0.11% | 0.13% |
| Godfrey Phillips India Ltd. | 0.11% | 0.10% |
| Indian Bank | 0.09% | 0.35% |
| Ambuja Cements Ltd. | 0.25% | 0.09% |
| Wipro Ltd. | 0.09% | 0.17% |
| Shriram Finance Ltd. | 0.07% | 0.53% |
| Kotak Mahindra Bank Ltd. | 0.06% | 1.19% |
| Jubilant Foodworks Ltd. | 0.06% | 0.22% |
| Mazagon Dock Shipbuilders Ltd. | 0.13% | 0.06% |
| Shree Cement Ltd. | 0.05% | 0.37% |
| Cochin Shipyard Ltd. | 0.05% | 0.16% |
| Dixon Technologies (India) Ltd. | 0.05% | 0.67% |
| ICICI Lombard General Insurance Company Ltd. | 0.04% | 0.48% |
| Siemens Energy India Ltd. | 0.04% | 0.11% |
| GMR Airports Ltd. | 0.04% | 0.41% |
| Hyundai Motor India Ltd. | 0.02% | 0.11% |
| Rail Vikas Nigam Ltd. | 0.01% | 0.14% |
| Jindal Steel Ltd. | 0.01% | 0.16% |
| Britannia Industries Ltd. | 0.01% | 0.22% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 52.7% means 52.7% 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 Mirae Asset Arbitrage Fund
| Security | % of fund |
|---|---|
| Mirae Asset Liquid Fund-Direct Plan-Growth | 9.89% |
| Mirae Asset Money Market Fund-Direct Plan-Growth | 4.94% |
| Angel One Ltd. | 0.77% |
| Delhivery Ltd. | 0.62% |
| PG Electroplast Ltd. | 0.56% |
Largest holdings only in Zerodha Nifty LargeMidcap 250 Index Fund
| Security | % of fund |
|---|---|
| Lenskart Solutions Limited | 0.62% |
| Bharat Electronics Limited | 0.54% |
| HCL Technologies Limited | 0.50% |
| Embassy Office Parks REIT | 0.47% |
| REC Limited | 0.46% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Mirae Asset Arbitrage | Zerodha Nifty LargeMidcap 250 Index |
|---|---|---|
| Equity | 73.5% | 99.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 26.5% | 0.4% |
Market cap of stocks
| Market cap | Mirae Asset Arbitrage | Zerodha Nifty LargeMidcap 250 Index |
|---|---|---|
| Large Cap | 37.6% | 52.0% |
| Mid Cap | 29.0% | 46.3% |
| Small Cap | 6.8% | 1.3% |
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 | Mirae Asset Arbitrage | Zerodha Nifty LargeMidcap 250 Index |
|---|---|---|
| Banks | 6.7% | 16.9% |
| Pharmaceuticals & Biotechnology | 4.7% | 6.7% |
| Finance | 4.5% | 6.5% |
| IT - Software | 3.5% | 5.6% |
| Capital Markets | 5.1% | 3.0% |
| Retailing | 3.0% | 4.3% |
| Automobiles | 3.7% | 4.0% |
| Consumer Durables | 3.7% | 3.3% |
The six largest sectors of each fund's stocks, % of the fund.
Mirae Asset Arbitrage vs Zerodha Nifty LargeMidcap 250 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Mirae Asset Arbitrage Fund | Zerodha Nifty LargeMidcap 250 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 2.48% | 0.38% |
| Base expense ratio (Direct) | 0.13% | 0.25% |
| Total expense ratio (Regular) | 3.25% | Not available |
| Base expense ratio (Regular) | 0.78% | 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.
More comparisons
Each fund against the others of its category
Mirae Asset Arbitrage Fund vs Zerodha Nifty LargeMidcap 250 Index Fund: Frequently Asked Questions
What is the difference between Mirae Asset Arbitrage Fund and Zerodha Nifty LargeMidcap 250 Index Fund?
Mirae Asset Arbitrage Fund is an Arbitrage fund, Zerodha Nifty LargeMidcap 250 Index Fund is an Index fund, run by Mirae Asset Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 52.7%. Mirae Asset Arbitrage Fund charges 2.48% a year and Zerodha Nifty LargeMidcap 250 Index Fund 0.38%.
Which has given higher returns, Mirae Asset Arbitrage Fund or Zerodha Nifty LargeMidcap 250 Index Fund?
Over 1 year: Mirae Asset Arbitrage Fund +6.73%, Zerodha Nifty LargeMidcap 250 Index Fund −6.24%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Mirae Asset Arbitrage Fund or Zerodha Nifty LargeMidcap 250 Index Fund?
Zerodha Nifty LargeMidcap 250 Index Fund charges less: 0.38% a year against 2.48%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Mirae Asset Arbitrage Fund and Zerodha Nifty LargeMidcap 250 Index Fund overlap?
52.7%. They hold 174 of the same securities, the largest shared ones being LT, INFY, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Mirae Asset Arbitrage Fund or Zerodha Nifty LargeMidcap 250 Index Fund?
On SEBI's riskometer, Mirae Asset Arbitrage Fund is rated Low and Zerodha Nifty LargeMidcap 250 Index Fund Very High. Over 1 years, the standard deviation of daily returns was 1.45% and 14.85% a year.
Can I invest in both Mirae Asset Arbitrage Fund and Zerodha Nifty LargeMidcap 250 Index Fund?
Yes. 52.7% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Mirae Asset Arbitrage Fund and Zerodha Nifty LargeMidcap 250 Index Fund?
Mirae Asset Arbitrage Fund: Jignesh Rao, Jigar Sethia, Pranavi Kulkarni. Zerodha Nifty LargeMidcap 250 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.