Mirae Asset Nifty 100 Low Volatility 30 ETF vs Nippon India Nifty Alpha Low Volatility 30 Index Fund

Direct Plan where a fund has one, Growth option · Data as on 30-10-2026

Mirae Asset Nifty 100 Low Volatility 30 ETF is an ETF fund and Nippon India Nifty Alpha Low Volatility 30 Index Fund is a mutual fund. In the 3 years to 30-10-2026, Mirae Asset Nifty 100 Low Volatility 30 ETF returned 9.6% a year and Nippon India Nifty Alpha Low Volatility 30 Index Fund (Direct) returned 8.8% a year. Mirae Asset Nifty 100 Low Volatility 30 ETF charges 0.48% a year and Nippon India Nifty Alpha Low Volatility 30 Index Fund 0.56%. Their portfolios overlap 54.6%: they hold 17 of the same securities.

Mirae Asset Nifty 100 Low Volatility 30 ETF

ETF

3 year return: 9.6%
Expense ratio: 0.48%
NAV: ₹195.74

See Mirae Asset Nifty 100 Low Volatility 30 ETF

Nippon India Nifty Alpha Low Volatility 30 Index Fund

3 year return: 8.8%
Expense ratio: 0.56%
NAV: ₹15.07

See Nippon India Nifty Alpha Low Volatility 30 Index Fund

Which is better, Mirae Asset Nifty 100 Low Volatility 30 ETF or Nippon India Nifty Alpha Low Volatility 30 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 Nifty 100 Low Volatility 30 ETF returned more over 3 years: 9.6% a year against 8.8%.
Nippon India Nifty Alpha Low Volatility 30 Index returned more over 1 year: −7.2% against −7.9%.
Mirae Asset Nifty 100 Low Volatility 30 ETF costs less: 0.48% a year against 0.56%.
Mirae Asset Nifty 100 Low Volatility 30 ETF swung less over 3 years: a standard deviation of 11.6% a year against 13.0%.
Mirae Asset Nifty 100 Low Volatility 30 ETF fell less in its worst fall since 27-03-2023: −18.1% against −24.9%.
Mirae Asset Nifty 100 Low Volatility 30 ETF holds more in large companies: 96.8% of the fund in large caps against 84.3%.
Nippon India Nifty Alpha Low Volatility 30 Index is the larger fund: ₹1,169 Cr against ₹41 Cr.
Their portfolios overlap 54.6%: 17 of the same holdings.

Past returns do not promise future returns. This page is information, not investment advice.

NAV comparison

How each fund's NAV moved over the same days, as % change since the first day of the range

Mirae Asset Nifty 100 Low Volatility 30 ETF
+53.0%
Nippon India Nifty Alpha Low Volatility 30 Index Fund (Direct)
+52.5%

Change in NAV from 27-03-2023 to 30-10-2026

0%+20%+40%+60%+80%+100%

Key facts

From each fund's scheme summary document and AMFI

Fact	Mirae Asset Nifty 100 Low Volatility 30 ETF	Nippon India Nifty Alpha Low Volatility 30 Index Fund
Fund house	Mirae Asset Mutual Fund	Nippon India Mutual Fund
Category	ETF	Not available
AUM	₹41 Cr (30-09-2026)	₹1,169 Cr (30-09-2026)
NAV	₹195.74	₹15.07 (Direct)
Expense ratio (Direct)	Not available	0.56%
Expense ratio (Regular)	Not available	1.04%
Riskometer	Very High	Not available
Benchmark	Nifty 100 Low Volatility 30 TRI	Not available
Launch date	24-03-2023	Not available
Minimum investment	On exchange in multiple of 1 unit. With AMC: In multiples of 30,000 units	Not available
Lock in	None	Not available
Fund managers	Ekta Gala, amp, Akshay Udeshi	Not available
Exit load	Nil	Not available

Mirae Asset Nifty 100 Low Volatility 30 ETF vs Nippon India Nifty Alpha Low Volatility 30 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 Nifty 100 Low Volatility 30 ETF	+1.27%	−7.38%	−2.65%	−7.87%	+9.58%	--	--
Nippon India Nifty Alpha Low Volatility 30 Index Fund (Direct)	−1.07%	−8.66%	−2.47%	−7.23%	+8.85%	--	--

Mirae Asset Nifty 100 Low Volatility 30 ETF vs Nippon India Nifty Alpha Low Volatility 30 Index: Year-wise Returns

Year	Mirae Asset Nifty 100 Low Volatility 30 ETFMirae Asset Nifty 100 Low Volatility 30 ETF	Nippon India Nifty Alpha Low Volatility 30 IndexNippon India Nifty Alpha Low Volatility 30 Index
2026to date	−9.38%	−7.39%
2025	+11.05%	−0.37%
2024	+12.08%	+16.95%
2023	--	+38.08%

Mirae Asset Nifty 100 Low Volatility 30 ETF vs Nippon India Nifty Alpha Low Volatility 30 Index: Rolling Returns

Every holding period of both funds, against Nifty100 Low Volatility 30 TRI, the benchmark of Mirae Asset Nifty 100 Low Volatility 30 ETF

Rolling returns

Every 3-year holding period, 146 of them, one for each trading day from 27-03-2026 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.

0%5%10%15%20%

Apr 2023
to
Apr 2026May 2023
to
May 2026Jun 2023
to
Jun 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 2026

Mirae Asset Nifty 100 Low Volatility 30 ETFNippon India Nifty Alpha Low Volatility 30 Index Fund (Direct)Nifty100 Low Volatility 30 TRI

How the periods spread

Fund	5-10%	10-15%	15-20%	Mean	Median	Lowest	Highest	Beat benchmark
Mirae Asset Nifty 100 Low Volatility 30 ETF	23.3	71.9	4.8	11.9%	12.0%	7.9%	15.9%	0%
Nippon India Nifty Alpha Low Volatility 30 Index	19.2	76.0	4.8	11.9%	12.1%	7.5%	15.6%	29%
Nifty100 Low Volatility 30 TRI	21.2	69.2	9.6	12.2%	12.4%	8.3%	16.3%	--

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 Low Volatility 30 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 27-03-2023. Past returns do not promise future returns.

Mirae Asset Nifty 100 Low Volatility 30 ETF vs Nippon India Nifty Alpha Low Volatility 30 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

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 27-03-2023 to 30-10-2026: 44 instalments, ₹4,40,000 in all.

Investment	Invested	Value now	Gain	Return a year
Mirae Asset Nifty 100 Low Volatility 30 ETFMirae Asset Nifty 100 Low Volatility 30 ETF	₹4,40,000	₹4,73,551	₹33,551	4.0%
Nippon India Nifty Alpha Low Volatility 30 IndexNippon India Nifty Alpha Low Volatility 30 Index Fund (Direct)	₹4,40,000	₹4,56,508	₹16,508	2.0%

₹0₹1.0 L₹2.0 L₹3.0 L₹4.0 L₹5.0 L

202420252026

Mirae Asset Nifty 100 Low Volatility 30 ETFMirae Asset Nifty 100 Low Volatility 30 ETFNippon India Nifty Alpha Low Volatility 30 IndexNippon India Nifty Alpha Low Volatility 30 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 Nifty 100 Low Volatility 30 ETF vs Nippon India Nifty Alpha Low Volatility 30 Index: Risk and Drawdowns

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

Risk and return

Measure	Mirae Asset Nifty 100 Low Volatility 30 ETF	Nippon India Nifty Alpha Low Volatility 30 Index Fund (Direct)
Return (CAGR)	−7.87%	−7.23%
Standard deviation	12.46%	13.30%
Sharpe ratio	-1.05	-0.94
Sortino ratio	-1.38	-1.23
Maximum drawdown	−14.3% (31-03-2026)	−13.4% (31-03-2026)
Beta	1.00	1.00
Alpha	−0.38%	−0.58%

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 Low Volatility 30 ETF	Nippon India Nifty Alpha Low Volatility 30 Index Fund (Direct)
Return (CAGR)	+9.58%	+8.85%
Standard deviation	11.60%	13.05%
Sharpe ratio	0.31	0.22
Sortino ratio	0.43	0.30
Maximum drawdown	−18.1% (04-03-2025)	−24.9% (28-02-2025)
Beta	1.00	1.00
Alpha	−0.38%	−0.73%

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 Low Volatility 30 ETF	Nippon India Nifty Alpha Low Volatility 30 Index Fund (Direct)
Return (CAGR)	+12.57%	+10.58%
Standard deviation	11.11%	12.14%
Sharpe ratio	0.58	0.36
Sortino ratio	0.82	0.50
Maximum drawdown	−18.1% (04-03-2025)	−24.9% (28-02-2025)
Beta	1.00	1.00
Alpha	−0.41%	−0.68%

From daily NAVs, 27-03-2023 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.

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.

−25%−20%−15%−10%−5%0%

202420252026

Mirae Asset Nifty 100 Low Volatility 30 ETFNippon India Nifty Alpha Low Volatility 30 Index Fund (Direct)Nifty100 Low Volatility 30 TRI

Fund	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Mirae Asset Nifty 100 Low Volatility 30 ETF	−18.1%	27-09-2024	04-03-2025	Not yet	--	−10.9%
Nippon India Nifty Alpha Low Volatility 30 Index Fund (Direct)	−24.9%	27-09-2024	28-02-2025	Not yet	--	−20.3%
Nifty100 Low Volatility 30 TRI	−18.1%	27-09-2024	04-03-2025	Not yet	--	−10.2%

From daily values since 27-03-2023, 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 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.

0%5%10%15%

Mirae Asset Nifty 100 Low Volatility 30 ETFNippon India Nifty Alpha Low Volatility 30 Index Fund (Direct)Nifty100 Low Volatility 30 TRI

Against Nifty100 Low Volatility 30 TRI

Fund	Up capture	Down capture	Tracking error
Mirae Asset Nifty 100 Low Volatility 30 ETF	99%	101%	0.05%
Nippon India Nifty Alpha Low Volatility 30 Index Fund (Direct)	105%	110%	5.43%

From month-end values since 27-03-2023. 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 Nifty 100 Low Volatility 30 ETF vs Nippon India Nifty Alpha Low Volatility 30 Index: Portfolio Overlap

From each fund's latest monthly portfolio: Mirae Asset Nifty 100 Low Volatility 30 ETF, September 2026; Nippon India Nifty Alpha Low Volatility 30 Index Fund, September 2026

Holdings in common

Overlap: 54.6%
Held by both: 17
Only in Mirae Asset Nifty 100 Low Volatility 30 ETF: 13
Only in Nippon India Nifty Alpha Low Volatility 30 Index: 13

Security	% of Mirae Asset Nifty 100 Low Volatility 30 ETF	% of Nippon India Nifty Alpha Low Volatility 30 Index
Apollo Hospitals Enterprise Ltd.	3.81%	3.93%
NTPC Ltd.	3.79%	4.11%
ICICI Bank Ltd.	3.84%	3.78%
Sun Pharmaceutical Industries Ltd.	3.82%	3.61%
SBI Life Insurance Co. Ltd.	3.62%	3.54%
Nestle India Ltd.	3.53%	3.72%
Bharti Airtel Ltd.	3.65%	3.33%
Torrent Pharmaceuticals Ltd.	3.32%	4.73%
Bajaj Auto Ltd.	3.12%	4.01%
State Bank of India	3.08%	3.15%
Titan Company Ltd.	3.01%	3.26%
Pidilite Industries Ltd.	2.97%	3.06%
Britannia Industries Ltd.	3.68%	2.91%
Reliance Industries Ltd.	3.47%	2.82%
Ultratech Cement Ltd.	3.16%	2.75%
Asian Paints Ltd.	3.04%	2.72%
Maruti Suzuki India Ltd.	3.16%	2.51%

Overlap: for each holding both funds own, the smaller of its two weights, added up. 54.6% means 54.6% 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 Low Volatility 30 ETF

Security	% of fund
Kotak Mahindra Bank Ltd.	3.63%
ITC Ltd.	3.50%
Tata Power Company Ltd.	3.43%
Cipla Ltd.	3.42%
Power Grid Corporation of India Ltd.	3.39%

Largest holdings only in Nippon India Nifty Alpha Low Volatility 30 Index Fund

Security	% of fund
Marico Limited	3.99%
Hindalco Industries Limited	3.81%
JSW Steel Limited	3.62%
Grasim Industries Limited	3.61%
The Federal Bank Limited	3.54%

Asset and sector split

Share of each fund, from its latest monthly portfolio

Asset allocation

Asset	Mirae Asset Nifty 100 Low Volatility 30 ETF	Nippon India Nifty Alpha Low Volatility 30 Index
Equity	100.0%	100.0%
Debt	0.0%	0.0%
Cash and others	-0.0%	-0.0%

Market cap of stocks

Market cap	Mirae Asset Nifty 100 Low Volatility 30 ETF	Nippon India Nifty Alpha Low Volatility 30 Index
Large Cap	96.8%	84.3%
Mid Cap	3.2%	15.8%
Small Cap	0.0%	0.0%

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 Low Volatility 30 ETF	Nippon India Nifty Alpha Low Volatility 30 Index
Pharmaceuticals & Biotechnology	13.8%	14.4%
Banks	13.9%	10.5%
Automobiles	6.3%	12.8%
Power	10.6%	4.1%
Food Products	7.2%	6.6%
Insurance	6.9%	5.7%
Diversified FMCG	6.9%	0.0%
Agricultural Food & other Products	0.0%	6.5%
Cement & Cement Products	3.2%	6.4%

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

Mirae Asset Nifty 100 Low Volatility 30 ETF vs Nippon India Nifty Alpha Low Volatility 30 Index: Expense Ratio

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

Charge	Mirae Asset Nifty 100 Low Volatility 30 ETF	Nippon India Nifty Alpha Low Volatility 30 Index Fund
Total expense ratio (Direct)	Not available	0.56%
Base expense ratio (Direct)	0.00%	0.30%
Total expense ratio (Regular)	Not available	1.04%
Base expense ratio (Regular)	0.30%	0.71%

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 Low Volatility 30 ETF vs Nippon India Nifty Alpha Low Volatility 30 Index Fund: Frequently Asked Questions

What is the difference between Mirae Asset Nifty 100 Low Volatility 30 ETF and Nippon India Nifty Alpha Low Volatility 30 Index Fund?

Mirae Asset Nifty 100 Low Volatility 30 ETF is an ETF fund, Nippon India Nifty Alpha Low Volatility 30 Index Fund is a mutual fund, run by Mirae Asset Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 54.6%. Mirae Asset Nifty 100 Low Volatility 30 ETF charges 0.48% a year and Nippon India Nifty Alpha Low Volatility 30 Index Fund 0.56%.

Which has given higher returns, Mirae Asset Nifty 100 Low Volatility 30 ETF or Nippon India Nifty Alpha Low Volatility 30 Index Fund?

Over 1 year: Mirae Asset Nifty 100 Low Volatility 30 ETF −7.87%, Nippon India Nifty Alpha Low Volatility 30 Index Fund −7.23%. Over 3 years: Mirae Asset Nifty 100 Low Volatility 30 ETF +9.58% a year, Nippon India Nifty Alpha Low Volatility 30 Index Fund +8.85% a year. As on 30-10-2026. Past returns do not promise future returns.

Which has the lower expense ratio, Mirae Asset Nifty 100 Low Volatility 30 ETF or Nippon India Nifty Alpha Low Volatility 30 Index Fund?

Mirae Asset Nifty 100 Low Volatility 30 ETF charges less: 0.48% a year against 0.56%. These are the total expense ratios reported to AMFI.

How much do Mirae Asset Nifty 100 Low Volatility 30 ETF and Nippon India Nifty Alpha Low Volatility 30 Index Fund overlap?

54.6%. They hold 17 of the same securities, the largest shared ones being APOLLOHOSP, NTPC, ICICIBANK. From each fund's latest monthly portfolio.

Which is better for SIP, Mirae Asset Nifty 100 Low Volatility 30 ETF or Nippon India Nifty Alpha Low Volatility 30 Index Fund?

Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,75,287 in Mirae Asset Nifty 100 Low Volatility 30 ETF (XIRR 0.9% a year) and ₹3,58,969 in Nippon India Nifty Alpha Low Volatility 30 Index Fund (XIRR -1.9% a year). Both received 37 instalments. Past returns do not promise future returns.

Can I invest in both Mirae Asset Nifty 100 Low Volatility 30 ETF and Nippon India Nifty Alpha Low Volatility 30 Index Fund?

Yes. 54.6% 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.