Mirae Asset BSE 200 Equal Weight ETF vs UTI Nifty500 Shariah Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Mirae Asset BSE 200 Equal Weight ETF is an ETF fund and UTI Nifty500 Shariah Index Fund is an Index fund. Mirae Asset BSE 200 Equal Weight ETF charges 0.51% a year and UTI Nifty500 Shariah Index Fund 0.78%. Their portfolios overlap 36.9%: they hold 82 of the same securities.
Mirae Asset BSE 200 Equal Weight ETF
ETF
- Expense ratio
- 0.51%
- NAV
- ₹12.75
Which is better, Mirae Asset BSE 200 Equal Weight ETF or UTI Nifty500 Shariah 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 BSE 200 Equal Weight ETF costs less: 0.51% a year against 0.78%.
- UTI Nifty500 Shariah Index fell less in its worst fall since 26-02-2026: −10.3% against −12.7%.
- UTI Nifty500 Shariah Index is the larger fund: ₹88 Cr against ₹20 Cr.
- Their portfolios overlap 36.9%: 82 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 BSE 200 Equal Weight ETF | UTI Nifty500 Shariah Index Fund |
|---|---|---|
| Fund house | Mirae Asset Mutual Fund | UTI Mutual Fund |
| Category | ETF | Index |
| AUM | ₹20 Cr (30-09-2026) | ₹88 Cr (30-09-2026) |
| NAV | ₹12.75 | ₹9.62 (Direct) |
| Expense ratio (Direct) | Not available | 0.78% |
| Expense ratio (Regular) | Not available | 1.24% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 200 Equal Weight TRI (Total Return Index) | Nifty 500 Shariah TRI |
| Launch date | 10-03-2025 | 23-02-2026 |
| Minimum investment | On exchange in multiple of 1 unit. With AMC: In multiples of 8,00,000 units | ₹1,000 |
| Lock in | None | None |
| Fund managers | Ekta Gala, amp, Akshay Udeshi | Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3 |
| Exit load | NIL | Nil |
Mirae Asset BSE 200 Equal Weight ETF vs UTI Nifty500 Shariah 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 BSE 200 Equal Weight ETF | −2.61% | −8.04% | −4.15% | −5.50% | -- | -- | -- |
| UTI Nifty500 Shariah Index Fund (Direct) | +0.16% | −6.03% | −2.97% | -- | -- | -- | -- |
Mirae Asset BSE 200 Equal Weight ETF vs UTI Nifty500 Shariah Index: Year-wise Returns
| Year | Mirae Asset BSE 200 Equal Weight ETFMirae Asset BSE 200 Equal Weight ETF | UTI Nifty500 Shariah IndexUTI Nifty500 Shariah Index |
|---|---|---|
| 2026to date | −5.39% | -- |
Mirae Asset BSE 200 Equal Weight ETF vs UTI Nifty500 Shariah Index: Rolling Returns
Every holding period of both funds, against BSE 200 EQUAL WEIGHT TRI, the benchmark of Mirae Asset BSE 200 Equal Weight ETF
Mirae Asset BSE 200 Equal Weight ETF vs UTI Nifty500 Shariah Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Mirae Asset BSE 200 Equal Weight ETF | UTI Nifty500 Shariah Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.39% | −6.11% |
| Standard deviation | 15.09% | 14.41% |
| Sharpe ratio | 0.13 | -0.79 |
| Sortino ratio | 0.18 | -1.04 |
| Maximum drawdown | −13.6% (31-03-2026) | −10.3% (23-10-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.26% | −0.70% |
From daily NAVs, 11-03-2025 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.
Mirae Asset BSE 200 Equal Weight ETF
UTI Nifty500 Shariah Index Fund (Direct)
BSE 200 EQUAL WEIGHT TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Mirae Asset BSE 200 Equal Weight ETF | −12.7% | 26-02-2026 | 31-03-2026 | 06-05-2026 | 36 days | −9.5% |
| UTI Nifty500 Shariah Index Fund (Direct) | −10.3% | 10-08-2026 | 23-10-2026 | Not yet | -- | −7.9% |
| BSE 200 EQUAL WEIGHT TRI | −12.7% | 26-02-2026 | 30-03-2026 | 06-05-2026 | 37 days | −9.4% |
From daily values since 26-02-2026, the first day every fund has.
Mirae Asset BSE 200 Equal Weight ETF vs UTI Nifty500 Shariah Index: Portfolio Overlap
From each fund's latest monthly portfolio: Mirae Asset BSE 200 Equal Weight ETF, September 2026; UTI Nifty500 Shariah Index Fund, September 2026
Holdings in common
- Overlap
- 36.9%
- Held by both
- 82
- Only in Mirae Asset BSE 200 Equal Weight ETF
- 118
- Only in UTI Nifty500 Shariah Index
- 121
| Security | % of Mirae Asset BSE 200 Equal Weight ETF | % of UTI Nifty500 Shariah Index |
|---|---|---|
| Dr. Reddy's Laboratories Ltd. | 0.56% | 1.25% |
| Tech Mahindra Ltd. | 0.53% | 1.61% |
| Avenue Supermarts Ltd. | 0.53% | 1.02% |
| APL Apollo Tubes Ltd. | 0.52% | 0.66% |
| Indus Towers Ltd. | 0.52% | 0.80% |
| HCL Technologies Ltd. | 0.52% | 2.16% |
| Hero MotoCorp Ltd. | 0.52% | 1.13% |
| Ultratech Cement Ltd. | 0.52% | 2.16% |
| Bharat Petroleum Corporation Ltd. | 0.52% | 1.01% |
| Eternal Ltd. | 0.52% | 3.86% |
| Alkem Laboratories Ltd. | 0.52% | 0.52% |
| Samvardhana Motherson International Ltd. | 0.52% | 1.20% |
| Indian Oil Corporation Ltd. | 0.52% | 0.84% |
| Lenskart Solutions Ltd. | 0.52% | 0.84% |
| Godrej Consumer Products Ltd. | 0.51% | 0.57% |
| Aurobindo Pharma Ltd. | 0.51% | 0.77% |
| Cipla Ltd. | 0.51% | 1.26% |
| Jindal Steel Ltd. | 0.51% | 0.70% |
| SRF Ltd. | 0.51% | 0.60% |
| Persistent Systems Ltd. | 0.51% | 0.96% |
| GAIL (India) Ltd. | 0.51% | 0.77% |
| Lupin Ltd. | 0.51% | 0.82% |
| Sun Pharmaceutical Industries Ltd. | 0.51% | 3.20% |
| Lodha Developers Ltd. | 0.51% | 0.56% |
| Marico Ltd. | 0.51% | 0.69% |
| Asian Paints Ltd. | 0.51% | 1.81% |
| Hindustan Unilever Ltd. | 0.50% | 2.77% |
| Polycab India Ltd. | 0.50% | 0.71% |
| Oil & Natural Gas Corporation Ltd. | 0.50% | 1.46% |
| Infosys Ltd. | 0.50% | 5.84% |
| Bharat Heavy Electricals Ltd. | 0.50% | 1.01% |
| Siemens Ltd. | 0.50% | 0.55% |
| Tata Consumer Products Ltd. | 0.49% | 1.03% |
| Coforge Ltd. | 0.49% | 1.01% |
| Tata Motors Ltd. | 0.49% | 1.47% |
| Dixon Technologies (India) Ltd. | 0.49% | 0.91% |
| Nestle India Ltd. | 0.49% | 1.56% |
| Britannia Industries Ltd. | 0.49% | 0.95% |
| Tata Motors Passenger Vehicles Ltd. | 0.49% | 0.99% |
| Pidilite Industries Ltd. | 0.49% | 0.76% |
| UPL Ltd. | 0.49% | 0.50% |
| Trent Ltd. | 0.48% | 1.45% |
| Tata Consultancy Services Ltd. | 0.48% | 3.48% |
| CG Power and Industrial Solutions Ltd. | 0.48% | 0.97% |
| Zydus Lifesciences Ltd. | 0.54% | 0.48% |
| Hyundai Motor India Ltd. | 0.48% | 0.48% |
| Hindalco Industries Ltd. | 0.48% | 2.27% |
| Cummins India Ltd. | 0.48% | 1.07% |
| LTM Ltd. | 0.47% | 0.63% |
| Mankind Pharma Ltd. | 0.58% | 0.47% |
| Siemens Energy India Ltd. | 0.52% | 0.47% |
| Vishal Mega Mart Ltd. | 0.51% | 0.47% |
| Mphasis Ltd. | 0.49% | 0.47% |
| Max Healthcare Institute Ltd. | 0.47% | 1.15% |
| GE Vernova T&D India Ltd. | 0.47% | 0.87% |
| Swiggy Ltd. | 0.46% | 0.63% |
| Suzlon Energy Ltd. | 0.45% | 0.80% |
| Hindustan Zinc Ltd. | 0.49% | 0.45% |
| Steel Authority of India Ltd. | 0.51% | 0.44% |
| Fortis Healthcare Ltd. | 0.44% | 0.67% |
| Biocon Ltd. | 0.49% | 0.43% |
| Havells India Ltd. | 0.47% | 0.43% |
| Tube Investments of India Ltd. | 0.46% | 0.42% |
| MRF Ltd. | 0.51% | 0.41% |
| Voltas Ltd. | 0.49% | 0.41% |
| Colgate Palmolive (India) Ltd. | 0.51% | 0.39% |
| Jindal Stainless Ltd. | 0.50% | 0.39% |
| Ambuja Cements Ltd. | 0.49% | 0.39% |
| Page Industries Ltd. | 0.53% | 0.38% |
| Supreme Industries Ltd. | 0.52% | 0.37% |
| Petronet LNG Ltd. | 0.52% | 0.35% |
| UNO Minda Ltd. | 0.50% | 0.35% |
| Coromandel International Ltd. | 0.47% | 0.35% |
| Balkrishna Industries Ltd. | 0.50% | 0.28% |
| Astral Ltd. | 0.49% | 0.28% |
| Schaeffler India Ltd. | 0.51% | 0.26% |
| Linde India Ltd. | 0.52% | 0.22% |
| Berger Paints India Ltd. | 0.50% | 0.22% |
| Patanjali Foods Ltd. | 0.55% | 0.21% |
| Rail Vikas Nigam Ltd. | 0.51% | 0.19% |
| Bharti Hexacom Ltd. | 0.48% | 0.18% |
| L&T Technology Services Ltd. | 0.50% | 0.15% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.9% means 36.9% 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 BSE 200 Equal Weight ETF
| Security | % of fund |
|---|---|
| Abbott India Ltd. | 0.56% |
| ICICI Lombard General Insurance Company Ltd. | 0.56% |
| Varun Beverages Ltd. | 0.55% |
| NTPC Green Energy Ltd. | 0.55% |
| Meesho Ltd. | 0.55% |
Largest holdings only in UTI Nifty500 Shariah Index Fund
| Security | % of fund |
|---|---|
| EQ - LAURUS LABS LTD. | 1.28% |
| EQ - VEDANTA LTD | 0.76% |
| EQ - SONA BLW PRECISION FORGING LTD | 0.62% |
| EQ - WELSPUN CORP LTD. | 0.59% |
| EQ - GLENMARK PHARMACEUTICALS LTD. | 0.58% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Mirae Asset BSE 200 Equal Weight ETF | UTI Nifty500 Shariah Index |
|---|---|---|
| Equity | 99.9% | 100.2% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.1% | -0.2% |
Market cap of stocks
| Market cap | Mirae Asset BSE 200 Equal Weight ETF | UTI Nifty500 Shariah Index |
|---|---|---|
| Large Cap | 48.5% | 54.0% |
| Mid Cap | 51.4% | 30.9% |
| Small Cap | 0.0% | 15.0% |
| Not on AMFI's list | 0.0% | 0.3% |
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 BSE 200 Equal Weight ETF | UTI Nifty500 Shariah Index |
|---|---|---|
| IT - Software | 5.0% | 16.6% |
| Pharmaceuticals & Biotechnology | 6.8% | 13.7% |
| Banks | 9.0% | 0.0% |
| Retailing | 4.6% | 8.3% |
| Finance | 7.7% | 0.2% |
| Electrical Equipment | 4.4% | 6.0% |
| Industrial Products | 2.5% | 5.9% |
| Auto Components | 4.0% | 5.3% |
| Power | 5.0% | 0.1% |
The six largest sectors of each fund's stocks, % of the fund.
Mirae Asset BSE 200 Equal Weight ETF vs UTI Nifty500 Shariah Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Mirae Asset BSE 200 Equal Weight ETF | UTI Nifty500 Shariah Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.78% |
| Base expense ratio (Direct) | 0.00% | 0.50% |
| Total expense ratio (Regular) | Not available | 1.24% |
| Base expense ratio (Regular) | 0.29% | 0.90% |
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.
Mirae Asset BSE 200 Equal Weight ETF vs UTI Nifty500 Shariah Index Fund: Frequently Asked Questions
What is the difference between Mirae Asset BSE 200 Equal Weight ETF and UTI Nifty500 Shariah Index Fund?
Mirae Asset BSE 200 Equal Weight ETF is an ETF fund, UTI Nifty500 Shariah Index Fund is an Index fund, run by Mirae Asset Mutual Fund and UTI Mutual Fund. Their portfolios overlap 36.9%. Mirae Asset BSE 200 Equal Weight ETF charges 0.51% a year and UTI Nifty500 Shariah Index Fund 0.78%.
Which has the lower expense ratio, Mirae Asset BSE 200 Equal Weight ETF or UTI Nifty500 Shariah Index Fund?
Mirae Asset BSE 200 Equal Weight ETF charges less: 0.51% a year against 0.78%. These are the total expense ratios reported to AMFI.
How much do Mirae Asset BSE 200 Equal Weight ETF and UTI Nifty500 Shariah Index Fund overlap?
36.9%. They hold 82 of the same securities, the largest shared ones being DRREDDY, TECHM, DMART. From each fund's latest monthly portfolio.
Which is riskier, Mirae Asset BSE 200 Equal Weight ETF or UTI Nifty500 Shariah Index Fund?
On SEBI's riskometer, Mirae Asset BSE 200 Equal Weight ETF is rated Very High and UTI Nifty500 Shariah Index Fund Very High. Over their common history, the standard deviation of daily returns was 15.09% and 14.41% a year.
Can I invest in both Mirae Asset BSE 200 Equal Weight ETF and UTI Nifty500 Shariah Index Fund?
Yes. 36.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Mirae Asset BSE 200 Equal Weight ETF and UTI Nifty500 Shariah Index Fund?
Mirae Asset BSE 200 Equal Weight ETF: Ekta Gala, amp, Akshay Udeshi. UTI Nifty500 Shariah 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.