Mirae Asset Nifty 50 ETF vs Nippon India Index Fund - Nifty 50 Plan
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Mirae Asset Nifty 50 ETF is an ETF fund and Nippon India Index Fund - Nifty 50 Plan is a mutual fund. In the 3 years to 30-10-2026, Mirae Asset Nifty 50 ETF returned 7.6% a year and Nippon India Index Fund - Nifty 50 Plan (Direct) returned 7.4% a year. Mirae Asset Nifty 50 ETF charges 0.08% a year and Nippon India Index Fund - Nifty 50 Plan 0.15%. Their portfolios overlap 100.0%: they hold 50 of the same securities.
Mirae Asset Nifty 50 ETF
ETF
- 3 year return
- 7.6%
- Expense ratio
- 0.08%
- NAV
- ₹251.14
Nippon India Index Fund - Nifty 50 Plan
- 3 year return
- 7.4%
- Expense ratio
- 0.15%
- NAV
- ₹42.61
Which is better, Mirae Asset Nifty 50 ETF or Nippon India Index Fund - Nifty 50 Plan? 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 50 ETF returned more over 5 years: 6.6% a year against 6.5%.
- Mirae Asset Nifty 50 ETF returned more over 3 years: 7.6% a year against 7.4%.
- Mirae Asset Nifty 50 ETF costs less: 0.08% a year against 0.15%.
- Nippon India Index Fund - Nifty 50 Plan swung less over 3 years: a standard deviation of 13.2% a year against 13.2%.
- Nippon India Index Fund - Nifty 50 Plan fell less in its worst fall since 21-11-2018: −38.2% against −38.3%.
- Mirae Asset Nifty 50 ETF is the larger fund: ₹5,217 Cr against ₹3,461 Cr.
- Their portfolios overlap 100.0%: 50 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 50 ETF | Nippon India Index Fund - Nifty 50 Plan |
|---|---|---|
| Fund house | Mirae Asset Mutual Fund | Nippon India Mutual Fund |
| Category | ETF | Not available |
| AUM | ₹5,217 Cr (30-09-2026) | ₹3,461 Cr (30-09-2026) |
| NAV | ₹251.14 | ₹42.61 (Direct) |
| Expense ratio (Direct) | Not available | 0.15% |
| Expense ratio (Regular) | Not available | 0.49% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty 50 TRI | Not available |
| Launch date | 20-11-2018 | Not available |
| Minimum investment | On exchange (in multiple of 1 units), Directly with AMC or Market Maker (in multiple of 50,000 units) | Not available |
| Lock in | None | Not available |
| Fund managers | Ekta Gala, amp, Ritesh Patel | Not available |
| Exit load | NIL | Not available |
Mirae Asset Nifty 50 ETF vs Nippon India Index Fund - Nifty 50 Plan: 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 50 ETF | +1.95% | −5.02% | −3.14% | −10.03% | +7.56% | +6.64% | -- |
| Nippon India Index Fund - Nifty 50 Plan (Direct) | +1.94% | −5.04% | −3.18% | −10.09% | +7.43% | +6.47% | +11.27% |
Mirae Asset Nifty 50 ETF vs Nippon India Index Fund - Nifty 50 Plan: Year-wise Returns
| Year | Mirae Asset Nifty 50 ETFMirae Asset Nifty 50 ETF | Nippon India Index Fund - Nifty 50 PlanNippon India Index Fund - Nifty 50 Plan | Nifty 50 TRI |
|---|---|---|---|
| 2026to date | −10.93% | −10.98% | −10.91% |
| 2025 | +11.83% | +11.73% | +11.88% |
| 2024 | +9.99% | +9.79% | +10.09% |
| 2023 | +21.26% | +21.00% | +21.30% |
| 2022 | +5.62% | +5.39% | +5.69% |
| 2021 | +25.48% | +25.21% | +25.59% |
Mirae Asset Nifty 50 ETF vs Nippon India Index Fund - Nifty 50 Plan: Rolling Returns
Every holding period of both funds, against Nifty 50 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 1,222 of them, one for each trading day from 22-11-2021 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 50 ETF
Nippon India Index Fund - Nifty 50 Plan (Direct)
Nifty 50 TRI
to
Apr 2022Feb 2020
to
Feb 2023Dec 2020
to
Dec 2023Oct 2021
to
Oct 2024Aug 2022
to
Aug 2025Jun 2023
to
Jun 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 50 ETF | 0.0 | 0.0 | 9.6 | 38.1 | 40.3 | 7.9 | 4.0 | 15.4% | 15.1% | 5.3% | 32.2% | 1% |
| Nippon India Index Fund - Nifty 50 Plan | 0.0 | 0.0 | 10.0 | 41.2 | 37.4 | 7.8 | 3.6 | 15.2% | 14.9% | 5.2% | 31.8% | 0% |
| Nifty 50 TRI | 0.0 | 0.0 | 9.3 | 37.2 | 41.2 | 8.2 | 4.0 | 15.5% | 15.3% | 5.4% | 32.4% | -- |
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 Nifty 50 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 21-11-2018. Past returns do not promise future returns.
Mirae Asset Nifty 50 ETF vs Nippon India Index Fund - Nifty 50 Plan: 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 21-11-2018 to 30-10-2026: 96 instalments, ₹9,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Mirae Asset Nifty 50 ETFMirae Asset Nifty 50 ETF | ₹9,60,000 | ₹14,26,822 | ₹4,66,822 | 9.7% |
| Nippon India Index Fund - Nifty 50 PlanNippon India Index Fund - Nifty 50 Plan (Direct) | ₹9,60,000 | ₹14,15,941 | ₹4,55,941 | 9.5% |
Mirae Asset Nifty 50 ETFMirae Asset Nifty 50 ETF
Nippon India Index Fund - Nifty 50 PlanNippon India Index Fund - Nifty 50 Plan (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 50 ETF vs Nippon India Index Fund - Nifty 50 Plan: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Mirae Asset Nifty 50 ETF | Nippon India Index Fund - Nifty 50 Plan (Direct) |
|---|---|---|
| Return (CAGR) | −10.03% | −10.09% |
| Standard deviation | 13.76% | 13.60% |
| Sharpe ratio | -1.11 | -1.13 |
| Sortino ratio | -1.48 | -1.51 |
| Maximum drawdown | −15.1% (31-03-2026) | −15.1% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.05% | −0.12% |
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 50 ETF | Nippon India Index Fund - Nifty 50 Plan (Direct) |
|---|---|---|
| Return (CAGR) | +7.56% | +7.43% |
| Standard deviation | 13.24% | 13.18% |
| Sharpe ratio | 0.12 | 0.11 |
| Sortino ratio | 0.16 | 0.15 |
| Maximum drawdown | −15.4% (04-03-2025) | −15.5% (04-03-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.06% | −0.19% |
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 50 ETF | Nippon India Index Fund - Nifty 50 Plan (Direct) |
|---|---|---|
| Return (CAGR) | +6.64% | +6.47% |
| Standard deviation | 13.71% | 13.67% |
| Sharpe ratio | 0.06 | 0.05 |
| Sortino ratio | 0.08 | 0.07 |
| Maximum drawdown | −15.8% (17-06-2022) | −15.9% (17-06-2022) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.06% | −0.22% |
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 50 ETF | Nippon India Index Fund - Nifty 50 Plan (Direct) |
|---|---|---|
| Return (CAGR) | +11.59% | +11.12% |
| Standard deviation | 17.03% | 15.76% |
| Sharpe ratio | 0.37 | 0.32 |
| Sortino ratio | 0.51 | 0.44 |
| Maximum drawdown | −38.3% (23-03-2020) | −38.2% (23-03-2020) |
| Beta | 1.00 | 0.99 |
| Alpha | −0.08% | −0.41% |
From daily NAVs, 22-11-2018 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 50 ETF
Nippon India Index Fund - Nifty 50 Plan (Direct)
Nifty 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Mirae Asset Nifty 50 ETF | −38.3% | 14-01-2020 | 23-03-2020 | 09-11-2020 | 8 months | −11.6% |
| Nippon India Index Fund - Nifty 50 Plan (Direct) | −38.2% | 14-01-2020 | 23-03-2020 | 09-11-2020 | 8 months | −11.7% |
| Nifty 50 TRI | −38.3% | 14-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −11.6% |
From daily values since 21-11-2018, 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 50 ETF
Nippon India Index Fund - Nifty 50 Plan (Direct)
Nifty 50 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 50 ETF
Nippon India Index Fund - Nifty 50 Plan (Direct)
Nifty 50 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 50 ETF
Nippon India Index Fund - Nifty 50 Plan (Direct)
Nifty 50 TRI
Against Nifty 50 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Mirae Asset Nifty 50 ETF | 100% | 100% | 0.13% |
| Nippon India Index Fund - Nifty 50 Plan (Direct) | 99% | 100% | 0.17% |
From month-end values since 21-11-2018. 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 50 ETF vs Nippon India Index Fund - Nifty 50 Plan: Portfolio Overlap
From each fund's latest monthly portfolio: Mirae Asset Nifty 50 ETF, September 2026; Nippon India Index Fund - Nifty 50 Plan, September 2026
Holdings in common
- Overlap
- 100.0%
- Held by both
- 50
- Only in Mirae Asset Nifty 50 ETF
- 0
- Only in Nippon India Index Fund - Nifty 50 Plan
- 0
| Security | % of Mirae Asset Nifty 50 ETF | % of Nippon India Index Fund - Nifty 50 Plan |
|---|---|---|
| HDFC Bank Ltd. | 10.38% | 10.40% |
| ICICI Bank Ltd. | 9.05% | 9.07% |
| Reliance Industries Ltd. | 7.58% | 7.60% |
| Bharti Airtel Ltd. | 5.11% | 5.12% |
| Larsen & Toubro Ltd. | 4.20% | 4.21% |
| State Bank of India | 3.79% | 3.80% |
| Axis Bank Ltd. | 3.37% | 3.38% |
| Infosys Ltd. | 3.35% | 3.36% |
| Kotak Mahindra Bank Ltd. | 2.93% | 2.94% |
| Mahindra & Mahindra Ltd. | 2.52% | 2.52% |
| Bajaj Finance Ltd. | 2.50% | 2.51% |
| ITC Ltd. | 2.42% | 2.43% |
| Eternal Ltd. | 2.22% | 2.22% |
| Tata Consultancy Services Ltd. | 2.00% | 2.00% |
| Sun Pharmaceutical Industries Ltd. | 1.84% | 1.84% |
| Titan Company Ltd. | 1.81% | 1.82% |
| Hindustan Unilever Ltd. | 1.59% | 1.60% |
| Maruti Suzuki India Ltd. | 1.49% | 1.49% |
| NTPC Ltd. | 1.47% | 1.47% |
| Tata Steel Ltd. | 1.46% | 1.46% |
| Adani Ports and Special Economic Zone Ltd. | 1.35% | 1.35% |
| Bharat Electronics Ltd. | 1.33% | 1.33% |
| Shriram Finance Ltd. | 1.32% | 1.32% |
| Hindalco Industries Ltd. | 1.30% | 1.31% |
| Ultratech Cement Ltd. | 1.24% | 1.24% |
| HCL Technologies Ltd. | 1.24% | 1.24% |
| BSE Ltd. | 1.21% | 1.21% |
| JSW Steel Ltd. | 1.15% | 1.16% |
| Bajaj Auto Ltd. | 1.13% | 1.14% |
| Power Grid Corporation of India Ltd. | 1.13% | 1.13% |
| Grasim Industries Ltd. | 1.10% | 1.11% |
| Interglobe Aviation Ltd. | 1.08% | 1.08% |
| Asian Paints Ltd. | 1.04% | 1.04% |
| Coal India Ltd. | 0.97% | 0.97% |
| Bajaj Finserv Ltd. | 0.96% | 0.96% |
| Eicher Motors Ltd. | 0.94% | 0.94% |
| Adani Enterprises Ltd. | 0.94% | 0.94% |
| Tech Mahindra Ltd. | 0.92% | 0.93% |
| Nestle India Ltd. | 0.90% | 0.90% |
| Oil & Natural Gas Corporation Ltd. | 0.84% | 0.84% |
| Trent Ltd. | 0.83% | 0.84% |
| Apollo Hospitals Enterprise Ltd. | 0.80% | 0.80% |
| SBI Life Insurance Co. Ltd. | 0.73% | 0.73% |
| Cipla Ltd. | 0.72% | 0.73% |
| Dr. Reddy's Laboratories Ltd. | 0.72% | 0.72% |
| Jio Financial Services Ltd. | 0.68% | 0.68% |
| Max Healthcare Institute Ltd. | 0.66% | 0.66% |
| Tata Consumer Products Ltd. | 0.59% | 0.59% |
| Tata Motors Passenger Vehicles Ltd. | 0.57% | 0.57% |
| HDFC Life Insurance Company Ltd. | 0.54% | 0.54% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 100.0% means 100.0% 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 50 ETF
Every holding of this fund is also held by the other.
Largest holdings only in Nippon India Index Fund - Nifty 50 Plan
Every holding of this fund is also held by the other.
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Mirae Asset Nifty 50 ETF | Nippon India Index Fund - Nifty 50 Plan |
|---|---|---|
| Equity | 100.0% | 100.2% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.0% | -0.2% |
Market cap of stocks
| Market cap | Mirae Asset Nifty 50 ETF | Nippon India Index Fund - Nifty 50 Plan |
|---|---|---|
| Large Cap | 98.6% | 98.9% |
| Mid Cap | 1.4% | 1.4% |
| 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 50 ETF | Nippon India Index Fund - Nifty 50 Plan |
|---|---|---|
| Banks | 29.5% | 29.6% |
| Petroleum Products | 7.6% | 7.6% |
| IT - Software | 7.5% | 7.5% |
| Automobiles | 6.7% | 6.7% |
| Finance | 5.5% | 5.5% |
| Telecom - Services | 5.1% | 5.1% |
The six largest sectors of each fund's stocks, % of the fund.
Mirae Asset Nifty 50 ETF vs Nippon India Index Fund - Nifty 50 Plan: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Mirae Asset Nifty 50 ETF | Nippon India Index Fund - Nifty 50 Plan |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.15% |
| Base expense ratio (Direct) | 0.00% | 0.06% |
| Total expense ratio (Regular) | Not available | 0.49% |
| Base expense ratio (Regular) | 0.04% | 0.35% |
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 50 ETF vs Nippon India Index Fund - Nifty 50 Plan: Frequently Asked Questions
What is the difference between Mirae Asset Nifty 50 ETF and Nippon India Index Fund - Nifty 50 Plan?
Mirae Asset Nifty 50 ETF is an ETF fund, Nippon India Index Fund - Nifty 50 Plan is a mutual fund, run by Mirae Asset Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 100.0%. Mirae Asset Nifty 50 ETF charges 0.08% a year and Nippon India Index Fund - Nifty 50 Plan 0.15%.
Which has given higher returns, Mirae Asset Nifty 50 ETF or Nippon India Index Fund - Nifty 50 Plan?
Over 1 year: Mirae Asset Nifty 50 ETF −10.03%, Nippon India Index Fund - Nifty 50 Plan −10.09%. Over 3 years: Mirae Asset Nifty 50 ETF +7.56% a year, Nippon India Index Fund - Nifty 50 Plan +7.43% a year. Over 5 years: Mirae Asset Nifty 50 ETF +6.64% a year, Nippon India Index Fund - Nifty 50 Plan +6.47% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Mirae Asset Nifty 50 ETF or Nippon India Index Fund - Nifty 50 Plan?
Mirae Asset Nifty 50 ETF charges less: 0.08% a year against 0.15%. These are the total expense ratios reported to AMFI.
How much do Mirae Asset Nifty 50 ETF and Nippon India Index Fund - Nifty 50 Plan overlap?
100.0%. They hold 50 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is better for SIP, Mirae Asset Nifty 50 ETF or Nippon India Index Fund - Nifty 50 Plan?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹6,96,406 in Mirae Asset Nifty 50 ETF (XIRR 5.2% a year) and ₹6,93,860 in Nippon India Index Fund - Nifty 50 Plan (XIRR 5.0% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Mirae Asset Nifty 50 ETF and Nippon India Index Fund - Nifty 50 Plan?
Yes. 100.0% 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.