Mirae Asset Nifty LargeMidcap 250 Index Fund vs UTI Retirement Fund
Direct Plan, Growth option · Data as on 30-10-2026
Mirae Asset Nifty LargeMidcap 250 Index Fund is an Index fund and UTI Retirement Fund is a Solution fund. In the year to 30-10-2026, Mirae Asset Nifty LargeMidcap 250 Index Fund (Direct) returned −6.8% and UTI Retirement Fund (Direct) returned −1.8%. Mirae Asset Nifty LargeMidcap 250 Index Fund charges 0.43% a year and UTI Retirement Fund 1.16% (Direct plans). Their portfolios overlap 25.7%: they hold 38 of the same securities.
Mirae Asset Nifty LargeMidcap 250 Index Fund
Index
- 1 year return
- −6.8%
- Expense ratio
- 0.43%
- NAV
- ₹9.88
Which is better, Mirae Asset Nifty LargeMidcap 250 Index or UTI Retirement? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- UTI Retirement returned more over 1 year: −1.8% against −6.8%.
- Mirae Asset Nifty LargeMidcap 250 Index costs less: 0.43% a year against 1.16% (Direct plans).
- UTI Retirement fell less in its worst fall since 25-10-2024: −6.3% against −15.5%.
- Mirae Asset Nifty LargeMidcap 250 Index holds more in large companies: 51.9% of the fund in large caps against 24.3%.
- UTI Retirement is the larger fund: ₹4,578 Cr against ₹34 Cr.
- Their portfolios overlap 25.7%: 38 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 LargeMidcap 250 Index Fund | UTI Retirement Fund |
|---|---|---|
| Fund house | Mirae Asset Mutual Fund | UTI Mutual Fund |
| Category | Index | Solution |
| AUM | ₹34 Cr (30-09-2026) | ₹4,578 Cr (30-09-2026) |
| NAV | ₹9.88 (Direct) | ₹53.47 (Direct) |
| Expense ratio (Direct) | 0.43% | 1.16% |
| Expense ratio (Regular) | 1.03% | 1.63% |
| Riskometer | Very High | High |
| Benchmark | Nifty LargeMidcap 250 TRI | CRISIL Short Term Debt Hybrid 60+40 Index |
| Launch date | 24-10-2024 | 26-12-1994 |
| Minimum investment | ₹5,000 | Regular Plan-Growth- Rs.500, Direct Plan-Growth- Rs.500, |
| Lock in | None | 5 years, or until retirement if earlier |
| Fund managers | Ekta Gala, amp, Ritesh Patel | Anurag Mittal FM 1, V Srivatsa FM 2, Not Applicable FM 3 |
| Exit load | NIL | Period of Holding *: (A) Less than one year – 1% (B) Greater than or equal to one year – Nil *Units shall not be under lock-in period. |
Mirae Asset Nifty LargeMidcap 250 Index vs UTI Retirement: 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 LargeMidcap 250 Index Fund (Direct) | −1.34% | −6.98% | −3.57% | −6.83% | -- | -- | -- |
| UTI Retirement Fund (Direct) | −0.57% | −3.07% | −0.47% | −1.80% | +8.43% | +8.14% | +8.70% |
Mirae Asset Nifty LargeMidcap 250 Index vs UTI Retirement: Year-wise Returns
| Year | Mirae Asset Nifty LargeMidcap 250 IndexMirae Asset Nifty LargeMidcap 250 Index | UTI RetirementUTI Retirement |
|---|---|---|
| 2026to date | −7.39% | −2.98% |
| 2025 | +7.77% | +6.70% |
| 2024 | -- | +15.22% |
| 2023 | -- | +17.44% |
| 2022 | -- | +6.03% |
| 2021 | -- | +19.32% |
Mirae Asset Nifty LargeMidcap 250 Index vs UTI Retirement: Rolling Returns
Every holding period of both funds, against NIFTY LargeMidcap 250 TRI, the benchmark of Mirae Asset Nifty LargeMidcap 250 Index Fund
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.
Mirae Asset Nifty LargeMidcap 250 Index Fund (Direct)
UTI Retirement Fund (Direct)
NIFTY LargeMidcap 250 TRI
to
Nov 2025Jan 2025
to
Jan 2026Mar 2025
to
Mar 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 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 LargeMidcap 250 Index | 14.5 | 35.7 | 32.9 | 12.0 | 4.8 | 0.0 | 0.0 | 5.2% | 4.9% | −8.3% | 17.8% | 0% |
| UTI Retirement | 10.8 | 52.2 | 36.9 | 0.0 | 0.0 | 0.0 | 0.0 | 3.8% | 3.7% | −2.1% | 9.6% | 26% |
| NIFTY LargeMidcap 250 TRI | 12.9 | 34.9 | 33.7 | 12.4 | 6.0 | 0.0 | 0.0 | 5.6% | 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 UTI Retirement: 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 25-10-2024 to 30-10-2026: 25 instalments, ₹2,50,000 in all.
| Investment | Invested | Value now | Gain | Return 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% |
| UTI RetirementUTI Retirement Fund (Direct) | ₹2,50,000 | ₹2,51,229 | ₹1,229 | 0.5% |
Mirae Asset Nifty LargeMidcap 250 IndexMirae Asset Nifty LargeMidcap 250 Index Fund (Direct)
UTI RetirementUTI Retirement 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 UTI Retirement: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Mirae Asset Nifty LargeMidcap 250 Index Fund (Direct) | UTI Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | −6.83% | −1.80% |
| Standard deviation | 14.85% | 5.94% |
| Sharpe ratio | -0.81 | -1.19 |
| Sortino ratio | -1.08 | -1.59 |
| Maximum drawdown | −14.4% (31-03-2026) | −6.3% (30-03-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.36% | -- |
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 LargeMidcap 250 Index Fund (Direct) | UTI Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.06% | +8.10% |
| Standard deviation | 14.66% | 7.35% |
| Sharpe ratio | -0.38 | 0.28 |
| Sortino ratio | -0.52 | 0.34 |
| Maximum drawdown | −15.5% (28-02-2025) | −18.9% (23-03-2020) |
| Beta | 1.00 | -- |
| Alpha | −0.44% | -- |
From daily NAVs, 25-10-2024 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 LargeMidcap 250 Index Fund (Direct)
UTI Retirement Fund (Direct)
NIFTY LargeMidcap 250 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Mirae Asset Nifty LargeMidcap 250 Index Fund (Direct) | −15.5% | 16-12-2024 | 28-02-2025 | 09-06-2025 | 3 months | −8.7% |
| UTI Retirement Fund (Direct) | −6.3% | 02-01-2026 | 30-03-2026 | 03-08-2026 | 4 months | −3.9% |
| NIFTY LargeMidcap 250 TRI | −15.5% | 16-12-2024 | 28-02-2025 | 09-06-2025 | 3 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.
Mirae Asset Nifty LargeMidcap 250 Index Fund (Direct)
UTI Retirement Fund (Direct)
NIFTY LargeMidcap 250 TRI
Against NIFTY LargeMidcap 250 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Mirae Asset Nifty LargeMidcap 250 Index Fund (Direct) | 99% | 101% | 0.08% |
| UTI Retirement Fund (Direct) | 45% | 38% | 10.27% |
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 UTI Retirement: Portfolio Overlap
From each fund's latest monthly portfolio: Mirae Asset Nifty LargeMidcap 250 Index Fund, September 2026; UTI Retirement Fund, September 2026
Holdings in common
- Overlap
- 25.7%
- Held by both
- 38
- Only in Mirae Asset Nifty LargeMidcap 250 Index
- 212
- Only in UTI Retirement
- 82
| Security | % of Mirae Asset Nifty LargeMidcap 250 Index | % of UTI Retirement |
|---|---|---|
| HDFC Bank Ltd. | 4.21% | 3.19% |
| ICICI Bank Ltd. | 3.68% | 2.96% |
| Reliance Industries Ltd. | 3.08% | 2.12% |
| Larsen & Toubro Ltd. | 1.71% | 1.53% |
| Infosys Ltd. | 1.36% | 1.96% |
| State Bank of India | 1.54% | 1.33% |
| ITC Ltd. | 0.98% | 1.33% |
| Bharti Airtel Ltd. | 2.07% | 0.93% |
| Mahindra & Mahindra Ltd. | 1.02% | 0.79% |
| Hero MotoCorp Ltd. | 0.84% | 0.67% |
| Life Insurance Corporation of India | 0.62% | 0.69% |
| Indus Towers Ltd. | 0.59% | 0.63% |
| Aurobindo Pharma Ltd. | 0.57% | 0.60% |
| Info Edge (India) Ltd. | 0.58% | 0.56% |
| Shriram Finance Ltd. | 0.53% | 0.83% |
| HCL Technologies Ltd. | 0.50% | 0.50% |
| Power Grid Corporation of India Ltd. | 0.46% | 1.08% |
| Grasim Industries Ltd. | 0.45% | 0.47% |
| Interglobe Aviation Ltd. | 0.44% | 0.53% |
| Coal India Ltd. | 0.40% | 0.77% |
| Aditya Birla Capital Ltd. | 0.40% | 0.39% |
| IndusInd Bank Ltd. | 0.73% | 0.37% |
| Sundaram Finance Ltd. | 0.37% | 0.40% |
| The Phoenix Mills Ltd. | 0.44% | 0.36% |
| Tata Motors Ltd. | 0.34% | 0.35% |
| Oil & Natural Gas Corporation Ltd. | 0.34% | 0.55% |
| Dr. Reddy's Laboratories Ltd. | 0.29% | 0.32% |
| Vedanta Aluminium Metal Ltd. | 0.27% | 0.66% |
| UPL Ltd. | 0.37% | 0.25% |
| The Federal Bank Ltd. | 0.96% | 0.24% |
| Tata Power Company Ltd. | 0.23% | 0.46% |
| National Aluminium Company Ltd. | 0.38% | 0.23% |
| ICICI Prudential Life Insurance Company Ltd. | 0.22% | 0.30% |
| Ajanta Pharma Ltd. | 0.20% | 0.53% |
| Motilal Oswal Financial Services Ltd. | 0.19% | 0.40% |
| Wipro Ltd. | 0.17% | 0.67% |
| General Insurance Corporation of India | 0.16% | 0.33% |
| Max Financial Services Ltd. | 0.45% | 0.11% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 25.7% means 25.7% 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 |
|---|---|
| Axis Bank Ltd. | 1.37% |
| Kotak Mahindra Bank Ltd. | 1.19% |
| Multi Commodity Exchange of India Ltd. | 1.04% |
| Bajaj Finance Ltd. | 1.02% |
| Laurus Labs Ltd. | 0.95% |
Largest holdings only in UTI Retirement Fund
| Security | % of fund |
|---|---|
| 07.18% GSEC MAT -24/07/2037 | 6.20% |
| 07.32% GSEC MAT -13/11/2030 | 3.11% |
| 7.24% GSEC MAT- 18/08/2055 | 3.11% |
| CP EXPORT IMPORT BANK OF INDIA | 2.12% |
| MF UNITS UTI - FLOATER FUND | 1.75% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Mirae Asset Nifty LargeMidcap 250 Index | UTI Retirement |
|---|---|---|
| Equity | 99.5% | 36.7% |
| Debt | 0.0% | 45.3% |
| Cash and others | 0.5% | 18.1% |
Market cap of stocks
| Market cap | Mirae Asset Nifty LargeMidcap 250 Index | UTI Retirement |
|---|---|---|
| Large Cap | 51.9% | 24.3% |
| Mid Cap | 46.3% | 6.1% |
| Small Cap | 1.3% | 6.2% |
| Not on AMFI's list | 0.0% | 0.1% |
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 LargeMidcap 250 Index | UTI Retirement |
|---|---|---|
| Banks | 16.9% | 8.1% |
| Pharmaceuticals & Biotechnology | 6.7% | 2.6% |
| Finance | 6.5% | 1.6% |
| IT - Software | 5.6% | 3.1% |
| Retailing | 4.3% | 0.6% |
| Automobiles | 4.0% | 1.5% |
| Petroleum Products | 3.9% | 2.1% |
| Construction | 1.9% | 1.9% |
The six largest sectors of each fund's stocks, % of the fund.
Mirae Asset Nifty LargeMidcap 250 Index vs UTI Retirement: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Mirae Asset Nifty LargeMidcap 250 Index Fund | UTI Retirement Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.43% | 1.16% |
| Base expense ratio (Direct) | 0.27% | 0.94% |
| Total expense ratio (Regular) | 1.03% | 1.63% |
| Base expense ratio (Regular) | 0.78% | 1.36% |
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 LargeMidcap 250 Index Fund vs UTI Retirement Fund: Frequently Asked Questions
What is the difference between Mirae Asset Nifty LargeMidcap 250 Index Fund and UTI Retirement Fund?
Mirae Asset Nifty LargeMidcap 250 Index Fund is an Index fund, UTI Retirement Fund is a Solution fund, run by Mirae Asset Mutual Fund and UTI Mutual Fund. Their portfolios overlap 25.7%. Mirae Asset Nifty LargeMidcap 250 Index Fund charges 0.43% a year and UTI Retirement Fund 1.16%.
Which has given higher returns, Mirae Asset Nifty LargeMidcap 250 Index Fund or UTI Retirement Fund?
Over 1 year: Mirae Asset Nifty LargeMidcap 250 Index Fund −6.83%, UTI Retirement Fund −1.80%. 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 UTI Retirement Fund?
Mirae Asset Nifty LargeMidcap 250 Index Fund charges less: 0.43% a year against 1.16%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Mirae Asset Nifty LargeMidcap 250 Index Fund and UTI Retirement Fund overlap?
25.7%. They hold 38 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Mirae Asset Nifty LargeMidcap 250 Index Fund or UTI Retirement Fund?
On SEBI's riskometer, Mirae Asset Nifty LargeMidcap 250 Index Fund is rated Very High and UTI Retirement Fund High. Over 1 years, the standard deviation of daily returns was 14.85% and 5.94% a year.
Can I invest in both Mirae Asset Nifty LargeMidcap 250 Index Fund and UTI Retirement Fund?
Yes. 25.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Mirae Asset Nifty LargeMidcap 250 Index Fund and UTI Retirement Fund?
Mirae Asset Nifty LargeMidcap 250 Index Fund: Ekta Gala, amp, Ritesh Patel. UTI Retirement Fund: Anurag Mittal FM 1, V Srivatsa FM 2, Not Applicable 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.