Mirae Asset Nifty 100 ESG Sector Leaders ETF vs PGIM India Arbitrage Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Mirae Asset Nifty 100 ESG Sector Leaders ETF is an ETF fund and PGIM India Arbitrage Fund is a mutual fund. Mirae Asset Nifty 100 ESG Sector Leaders ETF charges 0.45% a year and PGIM India Arbitrage Fund 1.23%. Their portfolios overlap 41.8%: they hold 12 of the same securities.
Mirae Asset Nifty 100 ESG Sector Leaders ETF
ETF
- Expense ratio
- 0.45%
- NAV
- ₹39.14
Which is better, Mirae Asset Nifty 100 ESG Sector Leaders ETF or PGIM India Arbitrage? 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 100 ESG Sector Leaders ETF costs less: 0.45% a year against 1.23%.
- PGIM India Arbitrage swung less over 3 years: a standard deviation of 1.2% a year against 13.6%.
- PGIM India Arbitrage fell less in its worst fall since 18-11-2020: −0.5% against −17.9%.
- Mirae Asset Nifty 100 ESG Sector Leaders ETF holds more in large companies: 97.9% of the fund in large caps against 63.6%.
- PGIM India Arbitrage is the larger fund: ₹98 Cr against ₹92 Cr.
- Their portfolios overlap 41.8%: 12 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 Nifty 100 ESG Sector Leaders ETF | PGIM India Arbitrage Fund |
|---|---|---|
| Fund house | Mirae Asset Mutual Fund | PGIM India Mutual Fund |
| Category | ETF | Not available |
| AUM | ₹92 Cr (30-09-2026) | ₹98 Cr (30-09-2026) |
| NAV | ₹39.14 | ₹21.31 (Direct) |
| Expense ratio (Direct) | Not available | 1.23% |
| Expense ratio (Regular) | Not available | 1.90% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty 100 ESG Sector Leaders TRI | Not available |
| Launch date | 17-11-2020 | Not available |
| Minimum investment | On exchange (in multiple of 1 units), Directly with AMC or Market Maker (in multiple of 1,25,000 units) | Not available |
| Lock in | None | Not available |
| Fund managers | Ekta Gala, amp, Vishal Singh | Not available |
| Exit load | NIL | Not available |
Mirae Asset Nifty 100 ESG Sector Leaders ETF vs PGIM India Arbitrage: 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 Nifty 100 ESG Sector Leaders ETF | +0.91% | −6.55% | −4.19% | −11.03% | +7.62% | +5.61% | -- |
| PGIM India Arbitrage Fund (Direct) | -- | -- | -- | -- | -- | -- | -- |
Mirae Asset Nifty 100 ESG Sector Leaders ETF vs PGIM India Arbitrage: Year-wise Returns
| Year | Mirae Asset Nifty 100 ESG Sector Leaders ETFMirae Asset Nifty 100 ESG Sector Leaders ETF | PGIM India ArbitragePGIM India Arbitrage |
|---|---|---|
| 2026to date | −11.81% | -- |
| 2025 | +11.13% | -- |
| 2024 | +11.66% | -- |
| 2023 | +18.56% | -- |
| 2022 | +1.51% | -- |
| 2021 | +23.69% | -- |
Mirae Asset Nifty 100 ESG Sector Leaders ETF vs PGIM India Arbitrage: Rolling Returns
Every holding period of both funds, against Nifty100 ESG Sector Leaders TRI, the benchmark of Mirae Asset Nifty 100 ESG Sector Leaders ETF
Rolling returns
Every 3-year holding period, 728 of them, one for each trading day from 20-11-2023 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 Nifty 100 ESG Sector Leaders ETF
PGIM India Arbitrage Fund (Direct)
Nifty100 ESG Sector Leaders TRI
to
Feb 2024Aug 2021
to
Aug 2024Feb 2022
to
Feb 2025Aug 2022
to
Aug 2025Feb 2023
to
Feb 2026Aug 2023
to
Aug 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 Nifty 100 ESG Sector Leaders ETF | 0.0 | 0.0 | 16.1 | 73.8 | 10.2 | 0.0 | 0.0 | 12.5% | 12.9% | 5.4% | 18.1% | 0% |
| PGIM India Arbitrage | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.7% | 7.1% | 5.3% | 7.4% | 2% |
| Nifty100 ESG Sector Leaders TRI | 0.0 | 0.0 | 8.1 | 70.5 | 21.4 | 0.0 | 0.0 | 13.2% | 13.6% | 6.0% | 18.9% | -- |
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 Nifty100 ESG Sector Leaders 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 18-11-2020. Past returns do not promise future returns.
Mirae Asset Nifty 100 ESG Sector Leaders ETF vs PGIM India Arbitrage: 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 18-11-2020 to 30-10-2026: 72 instalments, ₹7,20,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Mirae Asset Nifty 100 ESG Sector Leaders ETFMirae Asset Nifty 100 ESG Sector Leaders ETF | ₹7,20,000 | ₹8,54,483 | ₹1,34,483 | 5.6% |
| PGIM India ArbitragePGIM India Arbitrage Fund (Direct) | ₹7,20,000 | ₹8,82,183 | ₹1,62,183 | 6.7% |
Mirae Asset Nifty 100 ESG Sector Leaders ETFMirae Asset Nifty 100 ESG Sector Leaders ETF
PGIM India ArbitragePGIM India Arbitrage 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 Nifty 100 ESG Sector Leaders ETF vs PGIM India Arbitrage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Mirae Asset Nifty 100 ESG Sector Leaders ETF | PGIM India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −11.03% | +6.71% |
| Standard deviation | 14.01% | 1.48% |
| Sharpe ratio | -1.16 | 0.99 |
| Sortino ratio | -1.54 | 1.56 |
| Maximum drawdown | −15.9% (31-03-2026) | −0.5% (06-08-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.43% | -- |
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 Nifty 100 ESG Sector Leaders ETF | PGIM India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.62% | +7.07% |
| Standard deviation | 13.55% | 1.16% |
| Sharpe ratio | 0.12 | 0.90 |
| Sortino ratio | 0.16 | 1.38 |
| Maximum drawdown | −16.5% (04-03-2025) | −0.5% (06-08-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.61% | -- |
From daily NAVs, 30-10-2023 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 Nifty 100 ESG Sector Leaders ETF | PGIM India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.61% | +6.52% |
| Standard deviation | 13.86% | 1.05% |
| Sharpe ratio | -0.01 | 0.69 |
| Sortino ratio | -0.02 | 1.06 |
| Maximum drawdown | −17.8% (17-06-2022) | −0.5% (06-08-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.66% | -- |
From daily NAVs, 29-10-2021 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 Nifty 100 ESG Sector Leaders ETF | PGIM India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.92% | +6.12% |
| Standard deviation | 13.91% | 1.08% |
| Sharpe ratio | 0.33 | 0.60 |
| Sortino ratio | 0.45 | 0.90 |
| Maximum drawdown | −17.9% (17-06-2022) | −0.7% (26-03-2020) |
| Beta | 1.00 | -- |
| Alpha | −0.65% | -- |
From daily NAVs, 18-11-2020 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 Nifty 100 ESG Sector Leaders ETF
PGIM India Arbitrage Fund (Direct)
Nifty100 ESG Sector Leaders TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Mirae Asset Nifty 100 ESG Sector Leaders ETF | −17.9% | 18-10-2021 | 17-06-2022 | 30-11-2022 | 5 months | −13.0% |
| PGIM India Arbitrage Fund (Direct) | −0.5% | 03-08-2026 | 06-08-2026 | 01-09-2026 | 26 days | 0.0% |
| Nifty100 ESG Sector Leaders TRI | −17.6% | 18-10-2021 | 17-06-2022 | 30-11-2022 | 5 months | −12.7% |
From daily values since 18-11-2020, 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 Nifty 100 ESG Sector Leaders ETF
PGIM India Arbitrage Fund (Direct)
Nifty100 ESG Sector Leaders TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Mirae Asset Nifty 100 ESG Sector Leaders ETF
PGIM India Arbitrage Fund (Direct)
Nifty100 ESG Sector Leaders TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Mirae Asset Nifty 100 ESG Sector Leaders ETF
PGIM India Arbitrage Fund (Direct)
Nifty100 ESG Sector Leaders TRI
Against Nifty100 ESG Sector Leaders TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Mirae Asset Nifty 100 ESG Sector Leaders ETF | 98% | 101% | 0.08% |
| PGIM India Arbitrage Fund (Direct) | 15% | -16% | 13.76% |
From month-end values since 18-11-2020. 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 Nifty 100 ESG Sector Leaders ETF vs PGIM India Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Mirae Asset Nifty 100 ESG Sector Leaders ETF, September 2026; PGIM India Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 41.8%
- Held by both
- 12
- Only in Mirae Asset Nifty 100 ESG Sector Leaders ETF
- 48
- Only in PGIM India Arbitrage
- 19
| Security | % of Mirae Asset Nifty 100 ESG Sector Leaders ETF | % of PGIM India Arbitrage |
|---|---|---|
| ICICI Bank Ltd. | 10.24% | 9.63% |
| HDFC Bank Ltd. | 9.51% | 9.64% |
| Reliance Industries Ltd. | 9.56% | 9.33% |
| Bharti Airtel Ltd. | 6.37% | 5.19% |
| Axis Bank Ltd. | 4.20% | 5.39% |
| Jio Financial Services Ltd. | 0.85% | 1.04% |
| Cummins India Ltd. | 0.77% | 0.97% |
| Titan Company Ltd. | 2.26% | 0.74% |
| HDFC Asset Management Co. Ltd. | 0.55% | 3.07% |
| Hindustan Unilever Ltd. | 1.99% | 0.46% |
| HDFC Life Insurance Company Ltd. | 0.67% | 0.29% |
| Ambuja Cements Ltd. | 0.28% | 1.92% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 41.8% means 41.8% 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 Mirae Asset Nifty 100 ESG Sector Leaders ETF
| Security | % of fund |
|---|---|
| Infosys Ltd. | 4.16% |
| Mahindra & Mahindra Ltd. | 3.14% |
| Bajaj Finance Ltd. | 3.07% |
| Eternal Ltd. | 2.76% |
| Maruti Suzuki India Ltd. | 1.86% |
Largest holdings only in PGIM India Arbitrage Fund
| Security | % of fund |
|---|---|
| PGIM India Liquid Fund | 11.82% |
| 182 DAYS TBILL RED 19-11-2026 | 5.07% |
| Vodafone Idea Ltd. | 5.01% |
| PNB Housing Finance Ltd. | 3.64% |
| VARUN BEVERAGES LIMITED | 3.32% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Mirae Asset Nifty 100 ESG Sector Leaders ETF | PGIM India Arbitrage |
|---|---|---|
| Equity | 100.0% | 75.0% |
| Debt | 0.0% | 10.3% |
| Cash and others | -0.0% | 14.7% |
Market cap of stocks
| Market cap | Mirae Asset Nifty 100 ESG Sector Leaders ETF | PGIM India Arbitrage |
|---|---|---|
| Large Cap | 97.9% | 63.6% |
| Mid Cap | 2.1% | 6.3% |
| Small Cap | 0.0% | 5.1% |
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 Nifty 100 ESG Sector Leaders ETF | PGIM India Arbitrage |
|---|---|---|
| Banks | 23.9% | 30.4% |
| Petroleum Products | 10.9% | 9.3% |
| Telecom - Services | 6.4% | 10.2% |
| IT - Software | 7.8% | 0.0% |
| Finance | 7.4% | 5.1% |
| Automobiles | 6.5% | 0.0% |
| Capital Markets | 0.6% | 5.0% |
| Beverages | 0.0% | 3.3% |
The six largest sectors of each fund's stocks, % of the fund.
Mirae Asset Nifty 100 ESG Sector Leaders ETF vs PGIM India Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Mirae Asset Nifty 100 ESG Sector Leaders ETF | PGIM India Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.23% |
| Base expense ratio (Direct) | 0.00% | 0.31% |
| Total expense ratio (Regular) | Not available | 1.90% |
| Base expense ratio (Regular) | 0.35% | 0.88% |
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 Nifty 100 ESG Sector Leaders ETF vs PGIM India Arbitrage Fund: Frequently Asked Questions
What is the difference between Mirae Asset Nifty 100 ESG Sector Leaders ETF and PGIM India Arbitrage Fund?
Mirae Asset Nifty 100 ESG Sector Leaders ETF is an ETF fund, PGIM India Arbitrage Fund is a mutual fund, run by Mirae Asset Mutual Fund and PGIM India Mutual Fund. Their portfolios overlap 41.8%. Mirae Asset Nifty 100 ESG Sector Leaders ETF charges 0.45% a year and PGIM India Arbitrage Fund 1.23%.
Which has the lower expense ratio, Mirae Asset Nifty 100 ESG Sector Leaders ETF or PGIM India Arbitrage Fund?
Mirae Asset Nifty 100 ESG Sector Leaders ETF charges less: 0.45% a year against 1.23%. These are the total expense ratios reported to AMFI.
How much do Mirae Asset Nifty 100 ESG Sector Leaders ETF and PGIM India Arbitrage Fund overlap?
41.8%. They hold 12 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is better for SIP, Mirae Asset Nifty 100 ESG Sector Leaders ETF or PGIM India Arbitrage Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹6,83,131 in Mirae Asset Nifty 100 ESG Sector Leaders ETF (XIRR 4.4% a year) and ₹7,27,542 in PGIM India Arbitrage Fund (XIRR 6.9% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Mirae Asset Nifty 100 ESG Sector Leaders ETF and PGIM India Arbitrage Fund?
Yes. 41.8% 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.