Mirae Asset Nifty 100 Low Volatility 30 ETF vs UTI 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 UTI Nifty Alpha Low-Volatility 30 Index Fund is an Index fund. In the year to 30-10-2026, Mirae Asset Nifty 100 Low Volatility 30 ETF returned −7.9% and UTI Nifty Alpha Low-Volatility 30 Index Fund (Direct) returned −7.4%. Mirae Asset Nifty 100 Low Volatility 30 ETF charges 0.48% a year and UTI Nifty Alpha Low-Volatility 30 Index Fund 0.79%. Their portfolios overlap 54.5%: they hold 17 of the same securities.
Mirae Asset Nifty 100 Low Volatility 30 ETF
ETF
- 1 year return
- −7.9%
- Expense ratio
- 0.48%
- NAV
- ₹195.74
UTI Nifty Alpha Low-Volatility 30 Index Fund
Index
- 1 year return
- −7.4%
- Expense ratio
- 0.79%
- NAV
- ₹9.12
Which is better, Mirae Asset Nifty 100 Low Volatility 30 ETF or UTI 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.
- UTI Nifty Alpha Low-Volatility 30 Index returned more over 1 year: −7.4% against −7.9%.
- Mirae Asset Nifty 100 Low Volatility 30 ETF costs less: 0.48% a year against 0.79%.
- Mirae Asset Nifty 100 Low Volatility 30 ETF fell less in its worst fall since 03-12-2024: −14.3% against −16.6%.
- Mirae Asset Nifty 100 Low Volatility 30 ETF holds more in large companies: 96.8% of the fund in large caps against 84.0%.
- UTI Nifty Alpha Low-Volatility 30 Index is the larger fund: ₹63 Cr against ₹41 Cr.
- Their portfolios overlap 54.5%: 17 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 Low Volatility 30 ETF | UTI Nifty Alpha Low-Volatility 30 Index Fund |
|---|---|---|
| Fund house | Mirae Asset Mutual Fund | UTI Mutual Fund |
| Category | ETF | Index |
| AUM | ₹41 Cr (30-09-2026) | ₹63 Cr (30-09-2026) |
| NAV | ₹195.74 | ₹9.12 (Direct) |
| Expense ratio (Direct) | Not available | 0.79% |
| Expense ratio (Regular) | Not available | 1.21% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 100 Low Volatility 30 TRI | Nifty Alpha Low -Volatility 30 TRI |
| Launch date | 24-03-2023 | 28-11-2024 |
| Minimum investment | On exchange in multiple of 1 unit. With AMC: In multiples of 30,000 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 Nifty 100 Low Volatility 30 ETF vs UTI 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% | -- | -- |
| UTI Nifty Alpha Low-Volatility 30 Index Fund (Direct) | −1.08% | −8.71% | −2.57% | −7.39% | -- | -- | -- |
Mirae Asset Nifty 100 Low Volatility 30 ETF vs UTI 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 | UTI Nifty Alpha Low-Volatility 30 IndexUTI Nifty Alpha Low-Volatility 30 Index |
|---|---|---|
| 2026to date | −9.38% | −7.59% |
| 2025 | +11.05% | −0.23% |
| 2024 | +12.08% | -- |
Mirae Asset Nifty 100 Low Volatility 30 ETF vs UTI 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 1-year holding period, 224 of them, one for each trading day from 03-12-2025 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 Low Volatility 30 ETF
UTI Nifty Alpha Low-Volatility 30 Index Fund (Direct)
Nifty100 Low Volatility 30 TRI
to
Dec 2025Feb 2025
to
Feb 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 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 Low Volatility 30 ETF | 34.8 | 28.6 | 22.3 | 14.3 | 0.0 | 0.0 | 0.0 | 2.8% | 1.8% | −10.8% | 14.2% | 0% |
| UTI Nifty Alpha Low-Volatility 30 Index | 52.0 | 33.2 | 10.8 | 4.0 | 0.0 | 0.0 | 0.0 | 0.4% | −0.2% | −10.3% | 14.0% | 29% |
| Nifty100 Low Volatility 30 TRI | 27.2 | 33.0 | 24.1 | 15.6 | 0.0 | 0.0 | 0.0 | 3.2% | 2.2% | −10.4% | 14.6% | -- |
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 03-12-2024. Past returns do not promise future returns.
Mirae Asset Nifty 100 Low Volatility 30 ETF vs UTI 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
₹10,000 on the first trading day of every month, from 02-12-2024 to 30-10-2026: 23 instalments, ₹2,30,000 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 | ₹2,30,000 | ₹2,23,681 | −₹6,319 | −2.8% |
| UTI Nifty Alpha Low-Volatility 30 IndexUTI Nifty Alpha Low-Volatility 30 Index Fund (Direct) | ₹2,30,000 | ₹2,19,661 | −₹10,339 | −4.6% |
Mirae Asset Nifty 100 Low Volatility 30 ETFMirae Asset Nifty 100 Low Volatility 30 ETF
UTI Nifty Alpha Low-Volatility 30 IndexUTI 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 UTI 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 | UTI Nifty Alpha Low-Volatility 30 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.87% | −7.39% |
| Standard deviation | 12.46% | 13.31% |
| Sharpe ratio | -1.05 | -0.95 |
| Sortino ratio | -1.38 | -1.25 |
| Maximum drawdown | −14.3% (31-03-2026) | −13.4% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.38% | −0.73% |
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 | UTI Nifty Alpha Low-Volatility 30 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.57% | −5.86% |
| Standard deviation | 11.11% | 12.73% |
| Sharpe ratio | 0.58 | -0.90 |
| Sortino ratio | 0.82 | -1.20 |
| Maximum drawdown | −18.1% (04-03-2025) | −16.6% (28-02-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.41% | −0.59% |
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.
Mirae Asset Nifty 100 Low Volatility 30 ETF
UTI 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 | −14.3% | 07-01-2026 | 31-03-2026 | Not yet | -- | −10.4% |
| UTI Nifty Alpha Low-Volatility 30 Index Fund (Direct) | −16.6% | 06-12-2024 | 28-02-2025 | Not yet | -- | −11.5% |
| Nifty100 Low Volatility 30 TRI | −14.2% | 07-01-2026 | 30-03-2026 | Not yet | -- | −10.1% |
From daily values since 03-12-2024, 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 Low Volatility 30 ETF
UTI 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% | 0.04% |
| UTI Nifty Alpha Low-Volatility 30 Index Fund (Direct) | 85% | 110% | 5.79% |
From month-end values since 03-12-2024. 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 UTI 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; UTI Nifty Alpha Low-Volatility 30 Index Fund, September 2026
Holdings in common
- Overlap
- 54.5%
- Held by both
- 17
- Only in Mirae Asset Nifty 100 Low Volatility 30 ETF
- 13
- Only in UTI Nifty Alpha Low-Volatility 30 Index
- 13
| Security | % of Mirae Asset Nifty 100 Low Volatility 30 ETF | % of UTI Nifty Alpha Low-Volatility 30 Index |
|---|---|---|
| Apollo Hospitals Enterprise Ltd. | 3.81% | 3.91% |
| NTPC Ltd. | 3.79% | 4.10% |
| ICICI Bank Ltd. | 3.84% | 3.76% |
| Sun Pharmaceutical Industries Ltd. | 3.82% | 3.59% |
| Nestle India Ltd. | 3.53% | 3.71% |
| SBI Life Insurance Co. Ltd. | 3.62% | 3.52% |
| Bharti Airtel Ltd. | 3.65% | 3.32% |
| Torrent Pharmaceuticals Ltd. | 3.32% | 4.72% |
| Bajaj Auto Ltd. | 3.12% | 4.00% |
| State Bank of India | 3.08% | 3.13% |
| Titan Company Ltd. | 3.01% | 3.25% |
| Pidilite Industries Ltd. | 2.97% | 3.05% |
| Britannia Industries Ltd. | 3.68% | 2.90% |
| Reliance Industries Ltd. | 3.47% | 2.81% |
| Ultratech Cement Ltd. | 3.16% | 2.74% |
| Asian Paints Ltd. | 3.04% | 2.71% |
| Maruti Suzuki India Ltd. | 3.16% | 2.50% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 54.5% means 54.5% 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 UTI Nifty Alpha Low-Volatility 30 Index Fund
| Security | % of fund |
|---|---|
| EQ - MARICO LTD | 3.97% |
| EQ - HINDALCO INDUSTRIES LTD. | 3.79% |
| EQ - JSW STEEL LTD. | 3.61% |
| EQ - GRASIM INDUSTRIES LTD. | 3.60% |
| EQ - FEDERAL BANK LTD. | 3.53% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Mirae Asset Nifty 100 Low Volatility 30 ETF | UTI Nifty Alpha Low-Volatility 30 Index |
|---|---|---|
| Equity | 100.0% | 99.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.0% | 0.3% |
Market cap of stocks
| Market cap | Mirae Asset Nifty 100 Low Volatility 30 ETF | UTI Nifty Alpha Low-Volatility 30 Index |
|---|---|---|
| Large Cap | 96.8% | 84.0% |
| Mid Cap | 3.2% | 15.7% |
| 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 | UTI Nifty Alpha Low-Volatility 30 Index |
|---|---|---|
| Pharmaceuticals & Biotechnology | 13.8% | 14.3% |
| Banks | 13.9% | 10.4% |
| Automobiles | 6.3% | 12.7% |
| 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% | 6.3% |
The six largest sectors of each fund's stocks, % of the fund.
Mirae Asset Nifty 100 Low Volatility 30 ETF vs UTI 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 | UTI Nifty Alpha Low-Volatility 30 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.79% |
| Base expense ratio (Direct) | 0.00% | 0.51% |
| Total expense ratio (Regular) | Not available | 1.21% |
| Base expense ratio (Regular) | 0.30% | 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 Nifty 100 Low Volatility 30 ETF vs UTI Nifty Alpha Low-Volatility 30 Index Fund: Frequently Asked Questions
What is the difference between Mirae Asset Nifty 100 Low Volatility 30 ETF and UTI Nifty Alpha Low-Volatility 30 Index Fund?
Mirae Asset Nifty 100 Low Volatility 30 ETF is an ETF fund, UTI Nifty Alpha Low-Volatility 30 Index Fund is an Index fund, run by Mirae Asset Mutual Fund and UTI Mutual Fund. Their portfolios overlap 54.5%. Mirae Asset Nifty 100 Low Volatility 30 ETF charges 0.48% a year and UTI Nifty Alpha Low-Volatility 30 Index Fund 0.79%.
Which has given higher returns, Mirae Asset Nifty 100 Low Volatility 30 ETF or UTI Nifty Alpha Low-Volatility 30 Index Fund?
Over 1 year: Mirae Asset Nifty 100 Low Volatility 30 ETF −7.87%, UTI Nifty Alpha Low-Volatility 30 Index Fund −7.39%. 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 UTI Nifty Alpha Low-Volatility 30 Index Fund?
Mirae Asset Nifty 100 Low Volatility 30 ETF charges less: 0.48% a year against 0.79%. These are the total expense ratios reported to AMFI.
How much do Mirae Asset Nifty 100 Low Volatility 30 ETF and UTI Nifty Alpha Low-Volatility 30 Index Fund overlap?
54.5%. They hold 17 of the same securities, the largest shared ones being APOLLOHOSP, NTPC, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, Mirae Asset Nifty 100 Low Volatility 30 ETF or UTI Nifty Alpha Low-Volatility 30 Index Fund?
On SEBI's riskometer, Mirae Asset Nifty 100 Low Volatility 30 ETF is rated Very High and UTI Nifty Alpha Low-Volatility 30 Index Fund Very High. Over 1 years, the standard deviation of daily returns was 12.46% and 13.31% a year.
Can I invest in both Mirae Asset Nifty 100 Low Volatility 30 ETF and UTI Nifty Alpha Low-Volatility 30 Index Fund?
Yes. 54.5% 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 Nifty 100 Low Volatility 30 ETF and UTI Nifty Alpha Low-Volatility 30 Index Fund?
Mirae Asset Nifty 100 Low Volatility 30 ETF: Ekta Gala, amp, Akshay Udeshi. UTI Nifty Alpha Low-Volatility 30 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.