Mirae Asset Nifty India New Age Consumption ETF vs SBI Nifty India Consumption Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Mirae Asset Nifty India New Age Consumption ETF is an ETF fund and SBI Nifty India Consumption Index Fund is a mutual fund. In the year to 30-10-2026, Mirae Asset Nifty India New Age Consumption ETF returned −9.7% and SBI Nifty India Consumption Index Fund (Direct) returned −11.0%. Mirae Asset Nifty India New Age Consumption ETF charges 0.46% a year and SBI Nifty India Consumption Index Fund 0.45%. Their portfolios overlap 50.4%: they hold 16 of the same securities.
Mirae Asset Nifty India New Age Consumption ETF
ETF
- 1 year return
- −9.7%
- Expense ratio
- 0.46%
- NAV
- ₹11.12
SBI Nifty India Consumption Index Fund
- 1 year return
- −11.0%
- Expense ratio
- 0.45%
- NAV
- ₹9.68
Which is better, Mirae Asset Nifty India New Age Consumption ETF or SBI Nifty India Consumption 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 India New Age Consumption ETF returned more over 1 year: −9.7% against −11.0%.
- SBI Nifty India Consumption Index costs less: 0.45% a year against 0.46%.
- SBI Nifty India Consumption Index fell less in its worst fall since 27-12-2024: −18.3% against −21.9%.
- SBI Nifty India Consumption Index holds more in large companies: 88.1% of the fund in large caps against 53.9%.
- SBI Nifty India Consumption Index is the larger fund: ₹239 Cr against ₹54 Cr.
- Their portfolios overlap 50.4%: 16 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 India New Age Consumption ETF | SBI Nifty India Consumption Index Fund |
|---|---|---|
| Fund house | Mirae Asset Mutual Fund | SBI Mutual Fund |
| Category | ETF | Not available |
| AUM | ₹54 Cr (30-09-2026) | ₹239 Cr (30-09-2026) |
| NAV | ₹11.12 | ₹9.68 (Direct) |
| Expense ratio (Direct) | Not available | 0.45% |
| Expense ratio (Regular) | Not available | 0.92% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty India New Age Consumption TRI | Not available |
| Launch date | 26-12-2024 | Not available |
| Minimum investment | On exchange in multiple of 1 unit. With AMC: In multiples of 6,00,000 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 India New Age Consumption ETF vs SBI Nifty India Consumption 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 India New Age Consumption ETF | −1.58% | −7.58% | +1.62% | −9.69% | -- | -- | -- |
| SBI Nifty India Consumption Index Fund (Direct) | +0.14% | −8.21% | −2.49% | −11.01% | -- | -- | -- |
Mirae Asset Nifty India New Age Consumption ETF vs SBI Nifty India Consumption Index: Year-wise Returns
| Year | Mirae Asset Nifty India New Age Consumption ETFMirae Asset Nifty India New Age Consumption ETF | SBI Nifty India Consumption IndexSBI Nifty India Consumption Index |
|---|---|---|
| 2026to date | −6.27% | −9.46% |
| 2025 | +0.83% | +8.78% |
Mirae Asset Nifty India New Age Consumption ETF vs SBI Nifty India Consumption Index: Rolling Returns
Every holding period of both funds, against Nifty India New Age Consumption TRI, the benchmark of Mirae Asset Nifty India New Age Consumption ETF
Rolling returns
Every 1-year holding period, 207 of them, one for each trading day from 29-12-2025 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 India New Age Consumption ETF
SBI Nifty India Consumption Index Fund (Direct)
Nifty India New Age Consumption TRI
to
Jan 2026Mar 2025
to
Mar 2026May 2025
to
May 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 India New Age Consumption ETF | 47.8 | 36.2 | 13.5 | 2.4 | 0.0 | 0.0 | 0.0 | −0.1% | 0.3% | −12.7% | 12.2% | 0% |
| SBI Nifty India Consumption Index | 46.9 | 28.7 | 16.7 | 7.7 | 0.0 | 0.0 | 0.0 | 0.7% | 0.5% | −14.7% | 14.1% | 58% |
| Nifty India New Age Consumption TRI | 45.9 | 36.7 | 13.0 | 4.3 | 0.0 | 0.0 | 0.0 | 0.2% | 0.7% | −12.4% | 12.7% | -- |
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 India New Age Consumption 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 27-12-2024. Past returns do not promise future returns.
Mirae Asset Nifty India New Age Consumption ETF vs SBI Nifty India Consumption 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 27-12-2024 to 30-10-2026: 23 instalments, ₹2,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Mirae Asset Nifty India New Age Consumption ETFMirae Asset Nifty India New Age Consumption ETF | ₹2,30,000 | ₹2,25,587 | −₹4,413 | −1.9% |
| SBI Nifty India Consumption IndexSBI Nifty India Consumption Index Fund (Direct) | ₹2,30,000 | ₹2,22,585 | −₹7,415 | −3.3% |
Mirae Asset Nifty India New Age Consumption ETFMirae Asset Nifty India New Age Consumption ETF
SBI Nifty India Consumption IndexSBI Nifty India Consumption 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 India New Age Consumption ETF vs SBI Nifty India Consumption Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Mirae Asset Nifty India New Age Consumption ETF | SBI Nifty India Consumption Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.69% | −11.01% |
| Standard deviation | 18.53% | 14.98% |
| Sharpe ratio | -0.81 | -1.08 |
| Sortino ratio | -1.08 | -1.42 |
| Maximum drawdown | −21.1% (30-03-2026) | −17.4% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.33% | −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 India New Age Consumption ETF | SBI Nifty India Consumption Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −3.09% | −1.69% |
| Standard deviation | 18.45% | 14.51% |
| Sharpe ratio | -0.47 | -0.51 |
| Sortino ratio | -0.64 | -0.69 |
| Maximum drawdown | −21.9% (30-03-2026) | −18.3% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.35% | −0.42% |
From daily NAVs, 27-12-2024 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 India New Age Consumption ETF
SBI Nifty India Consumption Index Fund (Direct)
Nifty India New Age Consumption TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Mirae Asset Nifty India New Age Consumption ETF | −21.9% | 18-09-2025 | 30-03-2026 | Not yet | -- | −10.6% |
| SBI Nifty India Consumption Index Fund (Direct) | −18.3% | 20-10-2025 | 31-03-2026 | Not yet | -- | −12.0% |
| Nifty India New Age Consumption TRI | −21.7% | 18-09-2025 | 30-03-2026 | 25-08-2026 | 5 months | −10.4% |
From daily values since 27-12-2024, 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 India New Age Consumption ETF
SBI Nifty India Consumption Index Fund (Direct)
Nifty India New Age Consumption TRI
Against Nifty India New Age Consumption TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Mirae Asset Nifty India New Age Consumption ETF | 99% | 100% | 0.06% |
| SBI Nifty India Consumption Index Fund (Direct) | 75% | 71% | 6.70% |
From month-end values since 27-12-2024. 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 India New Age Consumption ETF vs SBI Nifty India Consumption Index: Portfolio Overlap
From each fund's latest monthly portfolio: Mirae Asset Nifty India New Age Consumption ETF, September 2026; SBI Nifty India Consumption Index Fund, September 2026
Holdings in common
- Overlap
- 50.4%
- Held by both
- 16
- Only in Mirae Asset Nifty India New Age Consumption ETF
- 59
- Only in SBI Nifty India Consumption Index
- 14
| Security | % of Mirae Asset Nifty India New Age Consumption ETF | % of SBI Nifty India Consumption Index |
|---|---|---|
| Bharti Airtel Ltd. | 5.06% | 10.14% |
| Mahindra & Mahindra Ltd. | 4.99% | 8.19% |
| Eternal Ltd. | 4.91% | 7.21% |
| Maruti Suzuki India Ltd. | 5.10% | 4.84% |
| Titan Company Ltd. | 4.83% | 5.89% |
| Interglobe Aviation Ltd. | 4.66% | 3.51% |
| Bajaj Auto Ltd. | 3.46% | 3.69% |
| Eicher Motors Ltd. | 2.88% | 3.07% |
| TVS Motor Company Ltd. | 2.81% | 3.00% |
| Trent Ltd. | 3.29% | 2.71% |
| The Indian Hotels Company Ltd. | 2.41% | 1.99% |
| Hero MotoCorp Ltd. | 1.99% | 2.11% |
| Avenue Supermarts Ltd. | 2.31% | 1.91% |
| Dixon Technologies (India) Ltd. | 2.26% | 1.70% |
| Info Edge (India) Ltd. | 1.78% | 1.47% |
| DLF Ltd. | 1.79% | 1.34% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 50.4% means 50.4% 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 India New Age Consumption ETF
| Security | % of fund |
|---|---|
| One 97 Communications Ltd. | 2.99% |
| HDFC Asset Management Co. Ltd. | 1.92% |
| Lenskart Solutions Ltd. | 1.89% |
| Tata Motors Passenger Vehicles Ltd. | 1.73% |
| FSN E-Commerce Ventures Ltd. | 1.65% |
Largest holdings only in SBI Nifty India Consumption Index Fund
| Security | % of fund |
|---|---|
| ITC Ltd. | 7.87% |
| Hindustan Unilever Ltd. | 5.18% |
| Asian Paints Ltd. | 3.37% |
| Nestle India Ltd. | 2.92% |
| Apollo Hospitals Enterprise Ltd. | 2.61% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Mirae Asset Nifty India New Age Consumption ETF | SBI Nifty India Consumption 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 India New Age Consumption ETF | SBI Nifty India Consumption Index |
|---|---|---|
| Large Cap | 53.9% | 88.1% |
| Mid Cap | 36.0% | 11.9% |
| Small Cap | 10.2% | 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 India New Age Consumption ETF | SBI Nifty India Consumption Index |
|---|---|---|
| Automobiles | 25.1% | 24.9% |
| Retailing | 19.9% | 13.3% |
| Consumer Durables | 13.5% | 11.0% |
| Diversified FMCG | 0.0% | 13.1% |
| Telecom - Services | 7.8% | 10.1% |
| Realty | 8.8% | 1.3% |
| Capital Markets | 7.9% | 0.0% |
| Healthcare Services | 0.0% | 6.0% |
The six largest sectors of each fund's stocks, % of the fund.
Mirae Asset Nifty India New Age Consumption ETF vs SBI Nifty India Consumption Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Mirae Asset Nifty India New Age Consumption ETF | SBI Nifty India Consumption Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.45% |
| Base expense ratio (Direct) | 0.00% | 0.34% |
| Total expense ratio (Regular) | Not available | 0.92% |
| Base expense ratio (Regular) | 0.29% | 0.74% |
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 India New Age Consumption ETF vs SBI Nifty India Consumption Index Fund: Frequently Asked Questions
What is the difference between Mirae Asset Nifty India New Age Consumption ETF and SBI Nifty India Consumption Index Fund?
Mirae Asset Nifty India New Age Consumption ETF is an ETF fund, SBI Nifty India Consumption Index Fund is a mutual fund, run by Mirae Asset Mutual Fund and SBI Mutual Fund. Their portfolios overlap 50.4%. Mirae Asset Nifty India New Age Consumption ETF charges 0.46% a year and SBI Nifty India Consumption Index Fund 0.45%.
Which has given higher returns, Mirae Asset Nifty India New Age Consumption ETF or SBI Nifty India Consumption Index Fund?
Over 1 year: Mirae Asset Nifty India New Age Consumption ETF −9.69%, SBI Nifty India Consumption Index Fund −11.01%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Mirae Asset Nifty India New Age Consumption ETF or SBI Nifty India Consumption Index Fund?
SBI Nifty India Consumption Index Fund charges less: 0.45% a year against 0.46%. These are the total expense ratios reported to AMFI.
How much do Mirae Asset Nifty India New Age Consumption ETF and SBI Nifty India Consumption Index Fund overlap?
50.4%. They hold 16 of the same securities, the largest shared ones being BHARTIARTL, M&M, ETERNAL. From each fund's latest monthly portfolio.
Can I invest in both Mirae Asset Nifty India New Age Consumption ETF and SBI Nifty India Consumption Index Fund?
Yes. 50.4% 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.