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    Mirae Asset Nifty LargeMidcap 250 Index Fund vs Nippon India Vision Large & Mid Cap Fund

    Direct Plan, Growth option · Data as on 30-10-2026

    Mirae Asset Nifty LargeMidcap 250 Index Fund is an Index fund and Nippon India Vision Large & Mid Cap Fund is a Large & Mid Cap fund. In the year to 30-10-2026, Mirae Asset Nifty LargeMidcap 250 Index Fund (Direct) returned −6.8% and Nippon India Vision Large & Mid Cap Fund (Direct) returned −7.3%. Mirae Asset Nifty LargeMidcap 250 Index Fund charges 0.43% a year and Nippon India Vision Large & Mid Cap Fund 1.50% (Direct plans). Their portfolios overlap 41.5%: they hold 84 of the same securities.

    Mirae Asset Nifty LargeMidcap 250 Index Fund

    Index

    1 year return
    −6.8%
    Expense ratio
    0.43%
    NAV
    ₹9.88
    See Mirae Asset Nifty LargeMidcap 250 Index Fund

    Nippon India Vision Large & Mid Cap Fund

    Large & Mid Cap

    1 year return
    −7.3%
    Expense ratio
    1.50%
    NAV
    ₹1,506.69
    See Nippon India Vision Large & Mid Cap Fund

    Which is better, Mirae Asset Nifty LargeMidcap 250 Index or Nippon India Vision Large & Mid Cap? 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 LargeMidcap 250 Index returned more over 1 year: −6.8% against −7.3%.
    • Mirae Asset Nifty LargeMidcap 250 Index costs less: 0.43% a year against 1.50% (Direct plans).
    • Mirae Asset Nifty LargeMidcap 250 Index fell less in its worst fall since 25-10-2024: −15.5% against −15.7%.
    • Nippon India Vision Large & Mid Cap is the larger fund: ₹7,411 Cr against ₹34 Cr.
    • Their portfolios overlap 41.5%: 84 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

    FactMirae Asset Nifty LargeMidcap 250 Index FundNippon India Vision Large & Mid Cap Fund
    Fund houseMirae Asset Mutual FundNippon India Mutual Fund
    CategoryIndexLarge & Mid Cap
    AUM₹34 Cr (30-09-2026)₹7,411 Cr (30-09-2026)
    NAV₹9.88 (Direct)₹1,506.69 (Direct)
    Expense ratio (Direct)0.43%1.50%
    Expense ratio (Regular)1.03%2.22%
    RiskometerVery HighVery High
    BenchmarkNifty LargeMidcap 250 TRINifty LargeMidcap 250 TRI
    Launch date24-10-202408-10-1995
    Minimum investment₹5,000₹5,000
    Lock inNoneNone
    Fund managersEkta Gala, amp, Ritesh PatelAishwarya Agarwal
    Exit loadNILFor units more than 10% of the investments, an exit load of 1% if redeemed within 12 months.

    Mirae Asset Nifty LargeMidcap 250 Index vs Nippon India Vision Large & Mid Cap: Returns Comparison

    Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

    Fund1M3M6M1Y3Y5Y10Y
    Mirae Asset Nifty LargeMidcap 250 Index Fund (Direct)−1.34%−6.98%−3.57%−6.83%------
    Nippon India Vision Large & Mid Cap Fund (Direct)−1.87%−7.45%−3.60%−7.32%+13.44%+11.47%+12.25%
    Large & Mid Cap average−1.78%−5.20%−0.43%−3.99%+13.28%+11.36%+13.62%

    Category average: the average of the 36 Large & Mid Cap funds, same plan type.

    Mirae Asset Nifty LargeMidcap 250 Index vs Nippon India Vision Large & Mid Cap: Year-wise Returns

    YearMirae Asset Nifty LargeMidcap 250 IndexMirae Asset Nifty LargeMidcap 250 IndexNippon India Vision Large & Mid CapNippon India Vision Large & Mid CapNIFTY LargeMidcap 250 TRI
    2026to date−7.39%−6.95%−7.09%
    2025+7.77%+6.16%+8.19%
    2024--+26.28%+18.68%
    2023--+34.93%+32.66%
    2022--+2.94%+4.48%
    2021--+34.43%+37.04%

    Mirae Asset Nifty LargeMidcap 250 Index vs Nippon India Vision Large & Mid Cap: Rolling Returns

    Every holding period of both funds, against NIFTY LargeMidcap 250 TRI, the benchmark of both

    Rolling returns

    Every 1-year holding period, 249 of them, one for each trading day from 27-10-2025 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.

    −10%−5%0%5%10%15%20%
    Nov 2024
    to
    Nov 2025
    Jan 2025
    to
    Jan 2026
    Mar 2025
    to
    Mar 2026
    Jun 2025
    to
    Jun 2026
    Aug 2025
    to
    Aug 2026
    Sept 2025
    to
    Sept 2026
    Mirae Asset Nifty LargeMidcap 250 Index Fund (Direct)Nippon India Vision Large & Mid Cap Fund (Direct)NIFTY LargeMidcap 250 TRI

    How the periods spread

    FundBelow 0%0-5%5-10%10-15%15-20%20-25%Above 25%MeanMedianLowestHighestBeat benchmark
    Mirae Asset Nifty LargeMidcap 250 Index14.535.732.912.04.80.00.05.2%4.9%−8.3%17.8%0%
    Nippon India Vision Large & Mid Cap16.535.334.19.64.40.00.04.8%4.6%−8.4%17.8%14%
    NIFTY LargeMidcap 250 TRI12.934.933.712.46.00.00.05.6%5.3%−8.0%18.3%--

    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 NIFTY LargeMidcap 250 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 25-10-2024. Past returns do not promise future returns.

    Mirae Asset Nifty LargeMidcap 250 Index vs Nippon India Vision Large & Mid Cap: 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

    Step up each year
    PeriodFor

    ₹10,000 on the first trading day of every month, from 25-10-2024 to 30-10-2026: 25 instalments, ₹2,50,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    Mirae Asset Nifty LargeMidcap 250 IndexMirae Asset Nifty LargeMidcap 250 Index Fund (Direct) ₹2,50,000 ₹2,45,698 −₹4,302 −1.6%
    Nippon India Vision Large & Mid CapNippon India Vision Large & Mid Cap Fund (Direct) ₹2,50,000 ₹2,44,014 −₹5,986 −2.2%
    ₹0₹1.0 L₹2.0 L₹3.0 L
    20252026
    Mirae Asset Nifty LargeMidcap 250 IndexMirae Asset Nifty LargeMidcap 250 Index Fund (Direct)Nippon India Vision Large & Mid CapNippon India Vision Large & Mid Cap 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 LargeMidcap 250 Index vs Nippon India Vision Large & Mid Cap: Risk and Drawdowns

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

    Risk and return

    MeasureMirae Asset Nifty LargeMidcap 250 Index Fund (Direct)Nippon India Vision Large & Mid Cap Fund (Direct)
    Return (CAGR)−6.83%−7.32%
    Standard deviation14.85%14.70%
    Sharpe ratio-0.81-0.85
    Sortino ratio-1.08-1.13
    Maximum drawdown−14.4% (31-03-2026)−13.5% (31-03-2026)
    Beta1.000.97
    Alpha−0.36%−1.15%

    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.

    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.

    −20%−15%−10%−5%0%
    20252026
    Mirae Asset Nifty LargeMidcap 250 Index Fund (Direct)Nippon India Vision Large & Mid Cap Fund (Direct)NIFTY LargeMidcap 250 TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    Mirae Asset Nifty LargeMidcap 250 Index Fund (Direct)−15.5%16-12-202428-02-202509-06-20253 months−8.7%
    Nippon India Vision Large & Mid Cap Fund (Direct)−15.7%16-12-202428-02-202530-06-20254 months−9.2%
    NIFTY LargeMidcap 250 TRI−15.5%16-12-202428-02-202509-06-20253 months−8.6%

    From daily values since 25-10-2024, 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.

    0%5%10%15%20%
    2026
    Mirae Asset Nifty LargeMidcap 250 Index Fund (Direct)Nippon India Vision Large & Mid Cap Fund (Direct)NIFTY LargeMidcap 250 TRI

    Against NIFTY LargeMidcap 250 TRI

    FundUp captureDown captureTracking error
    Mirae Asset Nifty LargeMidcap 250 Index Fund (Direct)99%101%0.08%
    Nippon India Vision Large & Mid Cap Fund (Direct)100%100%2.83%

    From month-end values since 25-10-2024. 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 LargeMidcap 250 Index vs Nippon India Vision Large & Mid Cap: Portfolio Overlap

    From each fund's latest monthly portfolio: Mirae Asset Nifty LargeMidcap 250 Index Fund, September 2026; Nippon India Vision Large & Mid Cap Fund, September 2026

    Holdings in common

    Overlap
    41.5%
    Held by both
    84
    Only in Mirae Asset Nifty LargeMidcap 250 Index
    166
    Only in Nippon India Vision Large & Mid Cap
    4
    Security% of Mirae Asset Nifty LargeMidcap 250 Index% of Nippon India Vision Large & Mid Cap
    ICICI Bank Ltd.3.68%4.72%
    HDFC Bank Ltd.4.21%2.87%
    Reliance Industries Ltd.3.08%2.08%
    State Bank of India1.54%4.22%
    Axis Bank Ltd.1.37%2.98%
    Eternal Ltd.0.90%3.89%
    One 97 Communications Ltd.0.89%2.23%
    Larsen & Toubro Ltd.1.71%0.81%
    Coforge Ltd.0.75%2.36%
    Sun Pharmaceutical Industries Ltd.0.75%1.06%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 41.5% means 41.5% 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 LargeMidcap 250 Index Fund

    Security% of fund
    Kotak Mahindra Bank Ltd.1.19%
    Multi Commodity Exchange of India Ltd.1.04%
    Bajaj Finance Ltd.1.02%
    ITC Ltd.0.98%
    The Federal Bank Ltd.0.96%

    Largest holdings only in Nippon India Vision Large & Mid Cap Fund

    Security% of fund
    PNB Housing Finance Limited0.45%
    Rainbow Childrens Medicare Limited0.35%
    Central Mine Planning & Design Institute Limited0.13%
    Shadowfax Technologies Limited0.07%

    Asset and sector split

    Share of each fund, from its latest monthly portfolio

    Asset allocation

    AssetMirae Asset Nifty LargeMidcap 250 IndexNippon India Vision Large & Mid Cap
    Equity99.5%95.6%
    Debt0.0%0.0%
    Cash and others0.5%4.4%

    Market cap of stocks

    Market capMirae Asset Nifty LargeMidcap 250 IndexNippon India Vision Large & Mid Cap
    Large Cap51.9%55.1%
    Mid Cap46.3%39.2%
    Small Cap1.3%1.3%

    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

    SectorMirae Asset Nifty LargeMidcap 250 IndexNippon India Vision Large & Mid Cap
    Banks16.9%17.6%
    Retailing4.3%8.5%
    Pharmaceuticals & Biotechnology6.7%6.9%
    Finance6.5%4.3%
    Consumer Durables3.3%6.1%
    IT - Software5.6%3.9%
    Electrical Equipment3.7%4.5%
    Automobiles4.0%4.4%

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

    Mirae Asset Nifty LargeMidcap 250 Index vs Nippon India Vision Large & Mid Cap: Expense Ratio

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

    ChargeMirae Asset Nifty LargeMidcap 250 Index FundNippon India Vision Large & Mid Cap Fund
    Total expense ratio (Direct)0.43%1.50%
    Base expense ratio (Direct)0.27%0.91%
    Total expense ratio (Regular)1.03%2.22%
    Base expense ratio (Regular)0.78%1.54%

    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.

    More comparisons

    Each fund against the others of its category

    Mirae Asset Nifty LargeMidcap 250 Index Fund vs Nippon India Vision Large & Mid Cap Fund: Frequently Asked Questions

    What is the difference between Mirae Asset Nifty LargeMidcap 250 Index Fund and Nippon India Vision Large & Mid Cap Fund?

    Mirae Asset Nifty LargeMidcap 250 Index Fund is an Index fund, Nippon India Vision Large & Mid Cap Fund is a Large & Mid Cap fund, run by Mirae Asset Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 41.5%. Mirae Asset Nifty LargeMidcap 250 Index Fund charges 0.43% a year and Nippon India Vision Large & Mid Cap Fund 1.50%.

    Which has given higher returns, Mirae Asset Nifty LargeMidcap 250 Index Fund or Nippon India Vision Large & Mid Cap Fund?

    Over 1 year: Mirae Asset Nifty LargeMidcap 250 Index Fund −6.83%, Nippon India Vision Large & Mid Cap Fund −7.32%. As on 30-10-2026. Past returns do not promise future returns.

    Which has the lower expense ratio, Mirae Asset Nifty LargeMidcap 250 Index Fund or Nippon India Vision Large & Mid Cap Fund?

    Mirae Asset Nifty LargeMidcap 250 Index Fund charges less: 0.43% a year against 1.50%. These are the Direct plans' total expense ratios reported to AMFI.

    How much do Mirae Asset Nifty LargeMidcap 250 Index Fund and Nippon India Vision Large & Mid Cap Fund overlap?

    41.5%. They hold 84 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.

    Which is riskier, Mirae Asset Nifty LargeMidcap 250 Index Fund or Nippon India Vision Large & Mid Cap Fund?

    On SEBI's riskometer, Mirae Asset Nifty LargeMidcap 250 Index Fund is rated Very High and Nippon India Vision Large & Mid Cap Fund Very High. Over 1 years, the standard deviation of daily returns was 14.85% and 14.70% a year.

    Can I invest in both Mirae Asset Nifty LargeMidcap 250 Index Fund and Nippon India Vision Large & Mid Cap Fund?

    Yes. 41.5% 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 LargeMidcap 250 Index Fund and Nippon India Vision Large & Mid Cap Fund?

    Mirae Asset Nifty LargeMidcap 250 Index Fund: Ekta Gala, amp, Ritesh Patel. Nippon India Vision Large & Mid Cap Fund: Aishwarya Agarwal.

    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.

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