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    Mirae Asset BSE 200 Equal Weight ETF vs Zerodha ELSS Tax Saver Nifty LargeMidcap 250 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 Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund is an Index fund. In the year to 30-10-2026, Mirae Asset BSE 200 Equal Weight ETF returned −5.5% and Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (Direct) returned −6.2%. Mirae Asset BSE 200 Equal Weight ETF charges 0.51% a year and Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund 0.36%. Their portfolios overlap 64.1%: they hold 199 of the same securities.

    Mirae Asset BSE 200 Equal Weight ETF

    ETF

    1 year return
    −5.5%
    Expense ratio
    0.51%
    NAV
    ₹12.75
    See Mirae Asset BSE 200 Equal Weight ETF

    Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund

    Index

    1 year return
    −6.2%
    Expense ratio
    0.36%
    NAV
    ₹13.49
    See Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund

    Which is better, Mirae Asset BSE 200 Equal Weight ETF or Zerodha ELSS Tax Saver 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 BSE 200 Equal Weight ETF returned more over 1 year: −5.5% against −6.2%.
    • Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index costs less: 0.36% a year against 0.51%.
    • Mirae Asset BSE 200 Equal Weight ETF fell less in its worst fall since 11-03-2025: −13.6% against −14.3%.
    • Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index is the larger fund: ₹280 Cr against ₹20 Cr.
    • Their portfolios overlap 64.1%: 199 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

    FactMirae Asset BSE 200 Equal Weight ETFZerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund
    Fund houseMirae Asset Mutual FundZerodha Mutual Fund
    CategoryETFIndex
    AUM₹20 Cr (30-09-2026)₹280 Cr (30-09-2026)
    NAV₹12.75₹13.49 (Direct)
    Expense ratio (Direct)Not available0.36%
    Expense ratio (Regular)Not availableNot available
    RiskometerVery HighVery High
    BenchmarkBSE 200 Equal Weight TRI (Total Return Index)Nifty LargeMidcap 250 TRI
    Launch date10-03-202508-11-2023
    Minimum investmentOn exchange in multiple of 1 unit. With AMC: In multiples of 8,00,000 units₹500
    Lock inNoneNone
    Fund managersEkta Gala, amp, Akshay UdeshiKedarnath Mirajkar
    Exit loadNILNil

    Mirae Asset BSE 200 Equal Weight ETF vs Zerodha ELSS Tax Saver 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.

    Fund1M3M6M1Y3Y5Y10Y
    Mirae Asset BSE 200 Equal Weight ETF−2.61%−8.04%−4.15%−5.50%------
    Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (Direct)−1.30%−6.82%−3.24%−6.16%------

    Mirae Asset BSE 200 Equal Weight ETF vs Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index: Year-wise Returns

    YearMirae Asset BSE 200 Equal Weight ETFMirae Asset BSE 200 Equal Weight ETFZerodha ELSS Tax Saver Nifty LargeMidcap 250 IndexZerodha ELSS Tax Saver Nifty LargeMidcap 250 Index
    2026to date−5.39%−6.81%
    2025--+8.44%
    2024--+18.59%

    Mirae Asset BSE 200 Equal Weight ETF vs Zerodha ELSS Tax Saver Nifty LargeMidcap 250 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

    Rolling returns

    Every 1-year holding period, 157 of them, one for each trading day from 11-03-2026 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.

    −10%−5%0%5%10%15%
    Mar 2025
    to
    Mar 2026    May 2025
    to
    May 2026    Jun 2025
    to
    Jun 2026    Jul 2025
    to
    Jul 2026    Sept 2025
    to
    Sept 2026    Oct 2025
    to
    Oct 2026
    Mirae Asset BSE 200 Equal Weight ETFZerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (Direct)BSE 200 EQUAL WEIGHT TRI

    How the periods spread

    FundBelow 0%0-5%5-10%10-15%15-20%20-25%Above 25%MeanMedianLowestHighestBeat benchmark
    Mirae Asset BSE 200 Equal Weight ETF14.634.435.015.90.00.00.05.1%5.1%−6.6%13.5%0%
    Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index17.847.828.75.70.00.00.03.5%3.4%−7.7%13.5%8%
    BSE 200 EQUAL WEIGHT TRI14.035.033.817.20.00.00.05.2%5.2%−6.3%13.7%--

    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 BSE 200 EQUAL WEIGHT 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 11-03-2025. Past returns do not promise future returns.

    Mirae Asset BSE 200 Equal Weight ETF vs Zerodha ELSS Tax Saver 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

    Step up each year
    PeriodFor

    ₹10,000 on the first trading day of every month, from 11-03-2025 to 30-10-2026: 20 instalments, ₹2,00,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    Mirae Asset BSE 200 Equal Weight ETFMirae Asset BSE 200 Equal Weight ETF ₹2,00,000 ₹1,96,903 −₹3,097 −1.8%
    Zerodha ELSS Tax Saver Nifty LargeMidcap 250 IndexZerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (Direct) ₹2,00,000 ₹1,96,626 −₹3,374 −1.9%
    ₹0₹50,000₹1.0 L₹1.5 L₹2.0 L₹2.5 L
    2026
    Mirae Asset BSE 200 Equal Weight ETFMirae Asset BSE 200 Equal Weight ETFZerodha ELSS Tax Saver Nifty LargeMidcap 250 IndexZerodha ELSS Tax Saver 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 BSE 200 Equal Weight ETF vs Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index: Risk and Drawdowns

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

    Risk and return

    MeasureMirae Asset BSE 200 Equal Weight ETFZerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (Direct)
    Return (CAGR)−5.50%−6.16%
    Standard deviation15.49%14.85%
    Sharpe ratio-0.69-0.77
    Sortino ratio-0.91-1.02
    Maximum drawdown−13.6% (31-03-2026)−14.3% (30-03-2026)
    Beta1.001.00
    Alpha−0.40%+0.31%

    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.

    −15%−10%−5%0%
    2026
    Mirae Asset BSE 200 Equal Weight ETFZerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (Direct)BSE 200 EQUAL WEIGHT TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    Mirae Asset BSE 200 Equal Weight ETF−13.6%07-01-202631-03-202622-06-20263 months−9.5%
    Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (Direct)−14.3%02-01-202630-03-202603-08-20264 months−8.6%
    BSE 200 EQUAL WEIGHT TRI−13.5%07-01-202630-03-202618-06-20263 months−9.4%

    From daily values since 11-03-2025, 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%
    Mirae Asset BSE 200 Equal Weight ETFZerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (Direct)BSE 200 EQUAL WEIGHT TRI

    Against BSE 200 EQUAL WEIGHT TRI

    FundUp captureDown captureTracking error
    Mirae Asset BSE 200 Equal Weight ETF100%101%0.24%
    Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (Direct)95%95%2.85%

    From month-end values since 11-03-2025. 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.

    Mirae Asset BSE 200 Equal Weight ETF vs Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index: Portfolio Overlap

    From each fund's latest monthly portfolio: Mirae Asset BSE 200 Equal Weight ETF, September 2026; Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund, September 2026

    Holdings in common

    Overlap
    64.1%
    Held by both
    199
    Only in Mirae Asset BSE 200 Equal Weight ETF
    1
    Only in Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index
    51
    Security% of Mirae Asset BSE 200 Equal Weight ETF% of Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index
    HDFC Bank Ltd.0.54%4.22%
    The Indian Hotels Company Ltd.0.53%0.79%
    ITC Ltd.0.53%0.98%
    Kotak Mahindra Bank Ltd.0.53%1.19%
    Adani Ports and Special Economic Zone Ltd.0.53%0.55%
    Indus Towers Ltd.0.52%0.59%
    Hero MotoCorp Ltd.0.52%0.84%
    Eternal Ltd.0.52%0.90%
    Lenskart Solutions Ltd.0.52%0.62%
    Axis Bank Ltd.0.52%1.37%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 64.1% means 64.1% 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 Mirae Asset BSE 200 Equal Weight ETF

    Security% of fund
    IDBI Bank Ltd.0.53%

    Largest holdings only in Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund

    Security% of fund
    Multi Commodity Exchange of India Limited1.04%
    Laurus Labs Limited0.95%
    BSE Ltd0.49%
    Embassy Office Parks REIT0.47%
    Glenmark Pharmaceuticals Limited0.43%

    Asset and sector split

    Share of each fund, from its latest monthly portfolio

    Asset allocation

    AssetMirae Asset BSE 200 Equal Weight ETFZerodha ELSS Tax Saver Nifty LargeMidcap 250 Index
    Equity99.9%99.6%
    Debt0.0%0.0%
    Cash and others0.1%0.4%

    Market cap of stocks

    Market capMirae Asset BSE 200 Equal Weight ETFZerodha ELSS Tax Saver Nifty LargeMidcap 250 Index
    Large Cap48.5%52.0%
    Mid Cap51.4%46.3%
    Small Cap0.0%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

    SectorMirae Asset BSE 200 Equal Weight ETFZerodha ELSS Tax Saver Nifty LargeMidcap 250 Index
    Banks9.0%16.9%
    Finance7.7%6.5%
    Pharmaceuticals & Biotechnology6.8%6.7%
    IT - Software5.0%5.6%
    Power5.0%3.2%
    Retailing4.6%4.3%
    Automobiles3.9%4.0%

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

    Mirae Asset BSE 200 Equal Weight ETF vs Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index: Expense Ratio

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

    ChargeMirae Asset BSE 200 Equal Weight ETFZerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund
    Total expense ratio (Direct)Not available0.36%
    Base expense ratio (Direct)0.00%0.25%
    Base expense ratio (Regular)0.29%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.

    Mirae Asset BSE 200 Equal Weight ETF vs Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund: Frequently Asked Questions

    What is the difference between Mirae Asset BSE 200 Equal Weight ETF and Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund?

    Mirae Asset BSE 200 Equal Weight ETF is an ETF fund, Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund is an Index fund, run by Mirae Asset Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 64.1%. Mirae Asset BSE 200 Equal Weight ETF charges 0.51% a year and Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund 0.36%.

    Which has given higher returns, Mirae Asset BSE 200 Equal Weight ETF or Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund?

    Over 1 year: Mirae Asset BSE 200 Equal Weight ETF −5.50%, Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund −6.16%. As on 30-10-2026. Past returns do not promise future returns.

    Which has the lower expense ratio, Mirae Asset BSE 200 Equal Weight ETF or Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund?

    Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund charges less: 0.36% a year against 0.51%. These are the total expense ratios reported to AMFI.

    How much do Mirae Asset BSE 200 Equal Weight ETF and Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund overlap?

    64.1%. They hold 199 of the same securities, the largest shared ones being HDFCBANK, INDHOTEL, ITC. From each fund's latest monthly portfolio.

    Which is riskier, Mirae Asset BSE 200 Equal Weight ETF or Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund?

    On SEBI's riskometer, Mirae Asset BSE 200 Equal Weight ETF is rated Very High and Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Very High. Over 1 years, the standard deviation of daily returns was 15.49% and 14.85% a year.

    Can I invest in both Mirae Asset BSE 200 Equal Weight ETF and Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund?

    Yes. 64.1% 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 BSE 200 Equal Weight ETF and Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund?

    Mirae Asset BSE 200 Equal Weight ETF: Ekta Gala, amp, Akshay Udeshi. Zerodha ELSS Tax Saver 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.

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