Mirae Asset Nifty 500 Value 50 ETF vs UTI Nifty 500 Value 50 Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Mirae Asset Nifty 500 Value 50 ETF is a mutual fund and UTI Nifty 500 Value 50 Index Fund is an Index fund. Mirae Asset Nifty 500 Value 50 ETF charges 0.97% a year and UTI Nifty 500 Value 50 Index Fund 0.73%. Their portfolios overlap 99.9%: they hold 50 of the same securities.
UTI Nifty 500 Value 50 Index Fund
Index
- Expense ratio
- 0.73%
- NAV
- ₹20.42
Which is better, Mirae Asset Nifty 500 Value 50 ETF or UTI Nifty 500 Value 50 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 500 Value 50 Index costs less: 0.73% a year against 0.97%.
- Mirae Asset Nifty 500 Value 50 ETF fell less in its worst fall since 23-03-2026: −14.0% against −14.1%.
- UTI Nifty 500 Value 50 Index is the larger fund: ₹838 Cr against ₹12 Cr.
- Their portfolios overlap 99.9%: 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 500 Value 50 ETF | UTI Nifty 500 Value 50 Index Fund |
|---|---|---|
| Fund house | Mirae Asset Mutual Fund | UTI Mutual Fund |
| Category | Not available | Index |
| AUM | ₹12 Cr (30-09-2026) | ₹838 Cr (30-09-2026) |
| NAV | ₹14.79 | ₹20.42 (Direct) |
| Expense ratio (Direct) | Not available | 0.73% |
| Expense ratio (Regular) | Not available | 1.19% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | NIFTY500 Value 50 TRI |
| Launch date | Not available | 10-05-2023 |
| Minimum investment | Not available | ₹1,000 |
| Lock in | Not available | None |
| Fund managers | Not available | Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3 |
| Exit load | Not available | NIL |
Mirae Asset Nifty 500 Value 50 ETF vs UTI Nifty 500 Value 50 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 500 Value 50 ETF | −3.65% | −8.37% | −10.92% | -- | -- | -- | -- |
| UTI Nifty 500 Value 50 Index Fund (Direct) | −3.68% | −8.45% | −11.04% | −2.68% | +19.44% | -- | -- |
Mirae Asset Nifty 500 Value 50 ETF vs UTI Nifty 500 Value 50 Index: Year-wise Returns
| Year | Mirae Asset Nifty 500 Value 50 ETFMirae Asset Nifty 500 Value 50 ETF | UTI Nifty 500 Value 50 IndexUTI Nifty 500 Value 50 Index | NIFTY500 Value 50 TRI |
|---|---|---|---|
| 2026to date | -- | −4.93% | −4.37% |
| 2025 | -- | +16.26% | +16.93% |
| 2024 | -- | +19.93% | +20.23% |
Mirae Asset Nifty 500 Value 50 ETF vs UTI Nifty 500 Value 50 Index: Rolling Returns
Every holding period of both funds, against NIFTY500 Value 50 TRI, the benchmark of both
Mirae Asset Nifty 500 Value 50 ETF vs UTI Nifty 500 Value 50 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Mirae Asset Nifty 500 Value 50 ETF | UTI Nifty 500 Value 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −1.11% | +23.18% |
| Standard deviation | 13.69% | 19.56% |
| Sharpe ratio | -0.47 | 0.87 |
| Sortino ratio | -0.64 | 1.16 |
| Maximum drawdown | −14.0% (23-10-2026) | −22.6% (28-02-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.52% | −0.76% |
From daily NAVs, 23-03-2026 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 500 Value 50 ETF
UTI Nifty 500 Value 50 Index Fund (Direct)
NIFTY500 Value 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Mirae Asset Nifty 500 Value 50 ETF | −14.0% | 27-05-2026 | 23-10-2026 | Not yet | -- | −12.8% |
| UTI Nifty 500 Value 50 Index Fund (Direct) | −14.1% | 27-05-2026 | 23-10-2026 | Not yet | -- | −12.9% |
| NIFTY500 Value 50 TRI | −13.8% | 27-05-2026 | 23-10-2026 | Not yet | -- | −12.5% |
From daily values since 23-03-2026, the first day every fund has.
Mirae Asset Nifty 500 Value 50 ETF vs UTI Nifty 500 Value 50 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Mirae Asset Nifty 500 Value 50 ETF, September 2026; UTI Nifty 500 Value 50 Index Fund, September 2026
Holdings in common
- Overlap
- 99.9%
- Held by both
- 50
- Only in Mirae Asset Nifty 500 Value 50 ETF
- 0
- Only in UTI Nifty 500 Value 50 Index
- 0
| Security | % of Mirae Asset Nifty 500 Value 50 ETF | % of UTI Nifty 500 Value 50 Index |
|---|---|---|
| Grasim Industries Ltd. | 5.27% | 5.28% |
| Hindalco Industries Ltd. | 5.19% | 5.20% |
| Coal India Ltd. | 5.18% | 5.19% |
| Oil & Natural Gas Corporation Ltd. | 5.07% | 5.08% |
| State Bank of India | 4.99% | 5.00% |
| Vedanta Ltd. | 4.94% | 4.95% |
| NTPC Ltd. | 4.87% | 4.88% |
| Power Grid Corporation of India Ltd. | 4.82% | 4.83% |
| Tata Motors Passenger Vehicles Ltd. | 4.37% | 4.37% |
| Bharat Petroleum Corporation Ltd. | 4.26% | 4.27% |
| Indian Oil Corporation Ltd. | 3.63% | 3.63% |
| Redington Ltd. | 3.24% | 3.25% |
| Power Finance Corporation Ltd. | 2.48% | 2.48% |
| Hindustan Petroleum Corporation Ltd. | 2.47% | 2.48% |
| Aster DM Quality Care Ltd. | 2.37% | 2.37% |
| GAIL (India) Ltd. | 2.28% | 2.29% |
| Bank of Baroda | 1.94% | 1.94% |
| REC Ltd. | 1.90% | 1.90% |
| NMDC Ltd. | 1.88% | 1.88% |
| UPL Ltd. | 1.81% | 1.82% |
| Canara Bank | 1.77% | 1.77% |
| Punjab National Bank | 1.75% | 1.76% |
| IndusInd Bank Ltd. | 1.74% | 1.74% |
| Steel Authority of India Ltd. | 1.72% | 1.73% |
| National Aluminium Company Ltd. | 1.64% | 1.64% |
| The Federal Bank Ltd. | 1.54% | 1.54% |
| Union Bank of India | 1.36% | 1.37% |
| The Great Eastern Shipping Co. Ltd. | 1.33% | 1.34% |
| Oil India Ltd. | 0.94% | 0.94% |
| Petronet LNG Ltd. | 0.93% | 0.93% |
| Indian Bank | 0.92% | 0.92% |
| Bank of India | 0.82% | 0.82% |
| IRB Infrastructure Developers Ltd. | 0.81% | 0.81% |
| Karur Vysya Bank Ltd. | 0.77% | 0.77% |
| LIC Housing Finance Ltd. | 0.77% | 0.77% |
| Reliance Power Ltd. | 0.77% | 0.77% |
| AWL Agri Business Ltd. | 0.76% | 0.76% |
| Cyient Ltd. | 0.76% | 0.76% |
| Zee Entertainment Enterprises Ltd. | 0.70% | 0.70% |
| Tata Chemicals Ltd. | 0.69% | 0.69% |
| CESC Ltd. | 0.62% | 0.62% |
| Jaiprakash Power Ventures Ltd. | 0.58% | 0.58% |
| NCC Ltd. | 0.57% | 0.58% |
| Cholamandalam Financial Holdings Ltd. | 0.52% | 0.52% |
| Bandhan Bank Ltd. | 0.45% | 0.45% |
| Chambal Fertilisers and Chemicals Ltd. | 0.45% | 0.45% |
| Bank of Maharashtra | 0.41% | 0.41% |
| Indraprastha Gas Ltd. | 0.35% | 0.35% |
| Castrol India Ltd. | 0.34% | 0.34% |
| RBL Bank Ltd. | 0.23% | 0.23% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 99.9% means 99.9% 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 500 Value 50 ETF
Every holding of this fund is also held by the other.
Largest holdings only in UTI Nifty 500 Value 50 Index Fund
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 500 Value 50 ETF | UTI Nifty 500 Value 50 Index |
|---|---|---|
| Equity | 99.9% | 100.2% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.1% | -0.2% |
Market cap of stocks
| Market cap | Mirae Asset Nifty 500 Value 50 ETF | UTI Nifty 500 Value 50 Index |
|---|---|---|
| Large Cap | 65.1% | 65.2% |
| Mid Cap | 20.2% | 20.2% |
| Small Cap | 14.7% | 14.7% |
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 500 Value 50 ETF | UTI Nifty 500 Value 50 Index |
|---|---|---|
| Banks | 18.7% | 18.7% |
| Power | 11.7% | 11.7% |
| Petroleum Products | 10.7% | 10.7% |
| Non - Ferrous Metals | 6.8% | 6.8% |
| Oil | 6.0% | 6.0% |
| Finance | 5.7% | 5.7% |
The six largest sectors of each fund's stocks, % of the fund.
Mirae Asset Nifty 500 Value 50 ETF vs UTI Nifty 500 Value 50 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Mirae Asset Nifty 500 Value 50 ETF | UTI Nifty 500 Value 50 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.73% |
| Base expense ratio (Direct) | 0.00% | 0.49% |
| Total expense ratio (Regular) | Not available | 1.19% |
| Base expense ratio (Regular) | 0.20% | 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 500 Value 50 ETF vs UTI Nifty 500 Value 50 Index Fund: Frequently Asked Questions
What is the difference between Mirae Asset Nifty 500 Value 50 ETF and UTI Nifty 500 Value 50 Index Fund?
Mirae Asset Nifty 500 Value 50 ETF is a mutual fund, UTI Nifty 500 Value 50 Index Fund is an Index fund, run by Mirae Asset Mutual Fund and UTI Mutual Fund. Their portfolios overlap 99.9%. Mirae Asset Nifty 500 Value 50 ETF charges 0.97% a year and UTI Nifty 500 Value 50 Index Fund 0.73%.
Which has the lower expense ratio, Mirae Asset Nifty 500 Value 50 ETF or UTI Nifty 500 Value 50 Index Fund?
UTI Nifty 500 Value 50 Index Fund charges less: 0.73% a year against 0.97%. These are the total expense ratios reported to AMFI.
How much do Mirae Asset Nifty 500 Value 50 ETF and UTI Nifty 500 Value 50 Index Fund overlap?
99.9%. They hold 50 of the same securities, the largest shared ones being GRASIM, HINDALCO, COALINDIA. From each fund's latest monthly portfolio.
Can I invest in both Mirae Asset Nifty 500 Value 50 ETF and UTI Nifty 500 Value 50 Index Fund?
Yes. 99.9% 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.