Mirae Asset Nifty Top 20 Equal Weight ETF vs Parag Parikh ELSS Tax Saver Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Mirae Asset Nifty Top 20 Equal Weight ETF is a mutual fund and Parag Parikh ELSS Tax Saver Fund is an ELSS fund. Mirae Asset Nifty Top 20 Equal Weight ETF charges 0.26% a year and Parag Parikh ELSS Tax Saver Fund 0.65%. Their portfolios overlap 42.8%: they hold 11 of the same securities.
Mirae Asset Nifty Top 20 Equal Weight ETF
- Expense ratio
- 0.26%
- NAV
- ₹8.69
Which is better, Mirae Asset Nifty Top 20 Equal Weight ETF or Parag Parikh ELSS Tax Saver? 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 Top 20 Equal Weight ETF costs less: 0.26% a year against 0.65%.
- Parag Parikh ELSS Tax Saver fell less in its worst fall since 16-12-2025: −13.5% against −16.0%.
- Mirae Asset Nifty Top 20 Equal Weight ETF holds more in large companies: 100.0% of the fund in large caps against 68.9%.
- Parag Parikh ELSS Tax Saver is the larger fund: ₹5,401 Cr against ₹14 Cr.
- Their portfolios overlap 42.8%: 11 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 Top 20 Equal Weight ETF | Parag Parikh ELSS Tax Saver Fund |
|---|---|---|
| Fund house | Mirae Asset Mutual Fund | PPFAS Mutual Fund |
| Category | Not available | ELSS |
| AUM | ₹14 Cr (30-09-2026) | ₹5,401 Cr (30-09-2026) |
| NAV | ₹8.69 | ₹30.85 (Direct) |
| Expense ratio (Direct) | Not available | 0.65% |
| Expense ratio (Regular) | Not available | 1.83% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty 500 TRI |
| Launch date | Not available | 24-07-2019 |
| Minimum investment | Not available | ₹500 |
| Lock in | Not available | 3 years |
| Fund managers | Not available | Rajeev Thakkar, Raunak Onkar, Rukun Tarachandani, Raj Mehta, Tejas Soman, Aishwarya Dhar |
| Exit load | Not available | NIL |
Mirae Asset Nifty Top 20 Equal Weight ETF vs Parag Parikh ELSS Tax Saver: 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 Top 20 Equal Weight ETF | +3.84% | −3.73% | −0.27% | -- | -- | -- | -- |
| Parag Parikh ELSS Tax Saver Fund (Direct) | +0.63% | −4.15% | −3.36% | −11.32% | +8.55% | +10.30% | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | -- |
Category average: the average of the 50 ELSS funds, same plan type.
Mirae Asset Nifty Top 20 Equal Weight ETF vs Parag Parikh ELSS Tax Saver: Year-wise Returns
| Year | Mirae Asset Nifty Top 20 Equal Weight ETFMirae Asset Nifty Top 20 Equal Weight ETF | Parag Parikh ELSS Tax SaverParag Parikh ELSS Tax Saver |
|---|---|---|
| 2026to date | −10.27% | −10.70% |
| 2025 | -- | +6.19% |
| 2024 | -- | +21.78% |
| 2023 | -- | +28.82% |
| 2022 | -- | +6.58% |
| 2021 | -- | +37.97% |
Mirae Asset Nifty Top 20 Equal Weight ETF vs Parag Parikh ELSS Tax Saver: Rolling Returns
Every holding period of both funds, against Nifty Top 20 Equal Weight TRI, the benchmark of Mirae Asset Nifty Top 20 Equal Weight ETF
Mirae Asset Nifty Top 20 Equal Weight ETF vs Parag Parikh ELSS Tax Saver: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Mirae Asset Nifty Top 20 Equal Weight ETF | Parag Parikh ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | −11.00% | +16.76% |
| Standard deviation | 14.95% | 13.40% |
| Sharpe ratio | -1.09 | 0.87 |
| Sortino ratio | -1.45 | 1.18 |
| Maximum drawdown | −16.0% (30-03-2026) | −29.5% (23-03-2020) |
| Beta | 1.00 | 0.71 |
| Alpha | −0.12% | +5.40% |
From daily NAVs, 16-12-2025 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.
Mirae Asset Nifty Top 20 Equal Weight ETF
Parag Parikh ELSS Tax Saver Fund (Direct)
Nifty Top 20 Equal Weight TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Mirae Asset Nifty Top 20 Equal Weight ETF | −16.0% | 22-12-2025 | 30-03-2026 | Not yet | -- | −10.6% |
| Parag Parikh ELSS Tax Saver Fund (Direct) | −13.5% | 23-12-2025 | 31-03-2026 | Not yet | -- | −11.1% |
| Nifty Top 20 Equal Weight TRI | −15.9% | 22-12-2025 | 30-03-2026 | Not yet | -- | −10.6% |
From daily values since 16-12-2025, the first day every fund has.
Mirae Asset Nifty Top 20 Equal Weight ETF vs Parag Parikh ELSS Tax Saver: Portfolio Overlap
From each fund's latest monthly portfolio: Mirae Asset Nifty Top 20 Equal Weight ETF, September 2026; Parag Parikh ELSS Tax Saver Fund, September 2026
Holdings in common
- Overlap
- 42.8%
- Held by both
- 11
- Only in Mirae Asset Nifty Top 20 Equal Weight ETF
- 9
- Only in Parag Parikh ELSS Tax Saver
- 35
| Security | % of Mirae Asset Nifty Top 20 Equal Weight ETF | % of Parag Parikh ELSS Tax Saver |
|---|---|---|
| ITC Ltd. | 4.99% | 5.02% |
| HDFC Bank Ltd. | 4.92% | 7.57% |
| ICICI Bank Ltd. | 5.09% | 4.86% |
| Kotak Mahindra Bank Ltd. | 5.27% | 4.70% |
| HCL Technologies Ltd. | 4.99% | 4.36% |
| Axis Bank Ltd. | 5.12% | 3.63% |
| Maruti Suzuki India Ltd. | 5.06% | 3.53% |
| Mahindra & Mahindra Ltd. | 4.96% | 3.51% |
| Bharti Airtel Ltd. | 5.02% | 3.41% |
| Infosys Ltd. | 5.08% | 3.13% |
| Tata Consultancy Services Ltd. | 5.03% | 1.73% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 42.8% means 42.8% 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 Top 20 Equal Weight ETF
| Security | % of fund |
|---|---|
| NTPC Ltd. | 5.05% |
| Sun Pharmaceutical Industries Ltd. | 5.01% |
| State Bank of India | 4.98% |
| Larsen & Toubro Ltd. | 4.95% |
| Reliance Industries Ltd. | 4.94% |
Largest holdings only in Parag Parikh ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| Bajaj Holdings & Investment Limited | 7.05% |
| Power Grid Corporation of India Limited | 6.58% |
| Coal India Limited | 6.46% |
| Maharashtra Scooters Limited | 5.50% |
| CCL Products (India) Limited | 2.65% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Mirae Asset Nifty Top 20 Equal Weight ETF | Parag Parikh ELSS Tax Saver |
|---|---|---|
| Equity | 100.0% | 90.9% |
| Debt | 0.0% | 0.3% |
| Cash and others | 0.0% | 8.8% |
Market cap of stocks
| Market cap | Mirae Asset Nifty Top 20 Equal Weight ETF | Parag Parikh ELSS Tax Saver |
|---|---|---|
| Large Cap | 100.0% | 68.9% |
| Mid Cap | 0.0% | 3.6% |
| Small Cap | 0.0% | 18.4% |
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 Top 20 Equal Weight ETF | Parag Parikh ELSS Tax Saver |
|---|---|---|
| Banks | 25.4% | 20.8% |
| IT - Software | 15.1% | 10.6% |
| Finance | 4.9% | 12.6% |
| Automobiles | 10.0% | 7.0% |
| Diversified FMCG | 9.9% | 5.0% |
| Power | 5.0% | 6.6% |
| Consumable Fuels | 0.0% | 6.5% |
| Telecom - Services | 5.0% | 3.5% |
The six largest sectors of each fund's stocks, % of the fund.
Mirae Asset Nifty Top 20 Equal Weight ETF vs Parag Parikh ELSS Tax Saver: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Mirae Asset Nifty Top 20 Equal Weight ETF | Parag Parikh ELSS Tax Saver Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.65% |
| Base expense ratio (Direct) | 0.00% | 0.54% |
| Total expense ratio (Regular) | Not available | 1.83% |
| Base expense ratio (Regular) | 0.09% | 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
Compare Parag Parikh ELSS Tax Saver with
Mirae Asset Nifty Top 20 Equal Weight ETF vs Parag Parikh ELSS Tax Saver Fund: Frequently Asked Questions
What is the difference between Mirae Asset Nifty Top 20 Equal Weight ETF and Parag Parikh ELSS Tax Saver Fund?
Mirae Asset Nifty Top 20 Equal Weight ETF is a mutual fund, Parag Parikh ELSS Tax Saver Fund is an ELSS fund, run by Mirae Asset Mutual Fund and PPFAS Mutual Fund. Their portfolios overlap 42.8%. Mirae Asset Nifty Top 20 Equal Weight ETF charges 0.26% a year and Parag Parikh ELSS Tax Saver Fund 0.65%.
Which has the lower expense ratio, Mirae Asset Nifty Top 20 Equal Weight ETF or Parag Parikh ELSS Tax Saver Fund?
Mirae Asset Nifty Top 20 Equal Weight ETF charges less: 0.26% a year against 0.65%. These are the total expense ratios reported to AMFI.
How much do Mirae Asset Nifty Top 20 Equal Weight ETF and Parag Parikh ELSS Tax Saver Fund overlap?
42.8%. They hold 11 of the same securities, the largest shared ones being ITC, HDFCBANK, ICICIBANK. From each fund's latest monthly portfolio.
Can I invest in both Mirae Asset Nifty Top 20 Equal Weight ETF and Parag Parikh ELSS Tax Saver Fund?
Yes. 42.8% 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.