Nippon India ETF BSE Sensex vs Shriram Multi Sector Rotation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Nippon India ETF BSE Sensex is a mutual fund and Shriram Multi Sector Rotation Fund is a Thematic fund. In the year to 30-10-2026, Nippon India ETF BSE Sensex (Direct) returned −11.0% and Shriram Multi Sector Rotation Fund (Direct) returned −3.6%. Nippon India ETF BSE Sensex charges 0.04% a year and Shriram Multi Sector Rotation Fund 0.98% (Direct plans). Their portfolios overlap 38.3%: they hold 14 of the same securities.
Nippon India ETF BSE Sensex
- 1 year return
- −11.0%
- Expense ratio
- 0.04%
- NAV
- ₹857.24
Shriram Multi Sector Rotation Fund
Thematic
- 1 year return
- −3.6%
- Expense ratio
- 0.98%
- NAV
- ₹7.85
Which is better, Nippon India ETF BSE Sensex or Shriram Multi Sector Rotation? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Shriram Multi Sector Rotation returned more over 1 year: −3.6% against −11.0%.
- Nippon India ETF BSE Sensex costs less: 0.04% a year against 0.98% (Direct plans).
- Nippon India ETF BSE Sensex fell less in its worst fall since 13-12-2024: −16.1% against −29.6%.
- Nippon India ETF BSE Sensex holds more in large companies: 100.0% of the fund in large caps against 58.5%.
- Nippon India ETF BSE Sensex is the larger fund: ₹27,771 Cr against ₹148 Cr.
- Their portfolios overlap 38.3%: 14 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 | Nippon India ETF BSE Sensex | Shriram Multi Sector Rotation Fund |
|---|---|---|
| Fund house | Nippon India Mutual Fund | Shriram Mutual Fund |
| Category | Not available | Thematic |
| AUM | ₹27,771 Cr (30-09-2026) | ₹148 Cr (30-09-2026) |
| NAV | ₹857.24 (Direct) | ₹7.85 (Direct) |
| Expense ratio (Direct) | 0.04% | 0.98% |
| Expense ratio (Regular) | Not available | 2.71% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty 500 TRI |
| Launch date | Not available | 09-12-2024 |
| Minimum investment | Not available | ₹500 |
| Lock in | Not available | None |
| Fund managers | Not available | Hitesh Savanth, Prateek Nigudkar |
| Exit load | Not available | • 1% of the applicable NAV, if redeemed within 3 months from the date of allotment. • Nil if redeemed after 3 months from the date of allotment |
Nippon India ETF BSE Sensex vs Shriram Multi Sector Rotation: 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 |
|---|---|---|---|---|---|---|---|
| Nippon India ETF BSE Sensex (Direct) | +2.77% | −4.29% | −2.42% | −10.97% | +6.26% | +5.87% | +11.53% |
| Shriram Multi Sector Rotation Fund (Direct) | −0.34% | −6.60% | +0.66% | −3.64% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Nippon India ETF BSE Sensex vs Shriram Multi Sector Rotation: Year-wise Returns
| Year | Nippon India ETF BSE SensexNippon India ETF BSE Sensex | Shriram Multi Sector RotationShriram Multi Sector Rotation |
|---|---|---|
| 2026to date | −11.85% | −4.94% |
| 2025 | +10.33% | −17.99% |
| 2024 | +9.39% | -- |
| 2023 | +20.36% | -- |
| 2022 | +5.73% | -- |
| 2021 | +23.06% | -- |
Nippon India ETF BSE Sensex vs Shriram Multi Sector Rotation: Rolling Returns
Every holding period of both funds, against BSE SENSEX TRI, the benchmark of Nippon India ETF BSE Sensex
Rolling returns
Every 1-year holding period, 216 of them, one for each trading day from 15-12-2025 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.
Nippon India ETF BSE Sensex (Direct)
Shriram Multi Sector Rotation Fund (Direct)
BSE SENSEX TRI
to
Jan 2026Mar 2025
to
Mar 2026Apr 2025
to
Apr 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nippon India ETF BSE Sensex | 65.3 | 7.4 | 18.1 | 9.3 | 0.0 | 0.0 | 0.0 | −1.1% | −3.3% | −12.7% | 11.8% | 0% |
| Shriram Multi Sector Rotation | 45.6 | 35.3 | 13.0 | 6.0 | 0.0 | 0.0 | 0.0 | −0.4% | 0.2% | −20.3% | 12.4% | 59% |
| BSE SENSEX TRI | 65.3 | 6.9 | 18.5 | 9.3 | 0.0 | 0.0 | 0.0 | −1.0% | −3.2% | −12.6% | 11.8% | -- |
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 BSE SENSEX 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 13-12-2024. Past returns do not promise future returns.
Nippon India ETF BSE Sensex vs Shriram Multi Sector Rotation: 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 02-12-2024 to 30-10-2026: 23 instalments, ₹2,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Nippon India ETF BSE SensexNippon India ETF BSE Sensex (Direct) | ₹2,30,000 | ₹2,19,541 | −₹10,459 | −4.6% |
| Shriram Multi Sector RotationShriram Multi Sector Rotation Fund (Direct) | ₹2,30,000 | ₹2,22,911 | −₹7,089 | −3.1% |
Nippon India ETF BSE SensexNippon India ETF BSE Sensex (Direct)
Shriram Multi Sector RotationShriram Multi Sector Rotation 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.
Nippon India ETF BSE Sensex vs Shriram Multi Sector Rotation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Nippon India ETF BSE Sensex (Direct) | Shriram Multi Sector Rotation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.97% | −3.64% |
| Standard deviation | 13.99% | 15.39% |
| Sharpe ratio | -1.16 | -0.58 |
| Sortino ratio | -1.55 | -0.78 |
| Maximum drawdown | −16.1% (31-03-2026) | −15.7% (31-03-2026) |
| Beta | 1.00 | 1.02 |
| Alpha | −0.07% | +4.01% |
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 | Nippon India ETF BSE Sensex (Direct) | Shriram Multi Sector Rotation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.19% | −12.07% |
| Standard deviation | 15.93% | 16.03% |
| Sharpe ratio | 0.28 | -1.10 |
| Sortino ratio | 0.38 | -1.40 |
| Maximum drawdown | −37.8% (23-03-2020) | −29.6% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.07% | −9.60% |
From daily NAVs, 25-09-2014 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.
Nippon India ETF BSE Sensex (Direct)
Shriram Multi Sector Rotation Fund (Direct)
BSE SENSEX TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Nippon India ETF BSE Sensex (Direct) | −16.1% | 02-01-2026 | 31-03-2026 | Not yet | -- | −12.4% |
| Shriram Multi Sector Rotation Fund (Direct) | −29.6% | 31-12-2024 | 31-03-2026 | Not yet | -- | −22.0% |
| BSE SENSEX TRI | −16.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −12.4% |
From daily values since 13-12-2024, 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.
Nippon India ETF BSE Sensex (Direct)
Shriram Multi Sector Rotation Fund (Direct)
BSE SENSEX TRI
Against BSE SENSEX TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Nippon India ETF BSE Sensex (Direct) | 100% | 100% | 0.02% |
| Shriram Multi Sector Rotation Fund (Direct) | 98% | 151% | 14.07% |
From month-end values since 13-12-2024. 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.
Nippon India ETF BSE Sensex vs Shriram Multi Sector Rotation: Portfolio Overlap
From each fund's latest monthly portfolio: Nippon India ETF BSE Sensex, September 2026; Shriram Multi Sector Rotation Fund, September 2026
Holdings in common
- Overlap
- 38.3%
- Held by both
- 14
- Only in Nippon India ETF BSE Sensex
- 16
- Only in Shriram Multi Sector Rotation
- 27
| Security | % of Nippon India ETF BSE Sensex | % of Shriram Multi Sector Rotation |
|---|---|---|
| HDFC Bank Limited | 12.59% | 7.77% |
| Axis Bank Limited | 4.08% | 5.71% |
| State Bank of India | 4.64% | 4.06% |
| Reliance Industries Limited | 9.15% | 3.84% |
| Bharti Airtel Limited | 6.38% | 3.11% |
| Mahindra & Mahindra Limited | 3.07% | 3.38% |
| Eternal Limited | 2.69% | 5.59% |
| Tata Consultancy Services Limited | 2.41% | 2.31% |
| Adani Ports and Special Economic Zone Limited | 1.63% | 3.55% |
| Infosys Limited | 4.08% | 1.39% |
| Maruti Suzuki India Limited | 1.79% | 1.34% |
| InterGlobe Aviation Limited | 1.30% | 2.76% |
| Tech Mahindra Limited | 1.14% | 2.00% |
| Sun Pharmaceutical Industries Limited | 2.28% | 0.56% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 38.3% means 38.3% 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 Nippon India ETF BSE Sensex
| Security | % of fund |
|---|---|
| ICICI Bank Limited | 11.03% |
| Larsen & Toubro Limited | 5.11% |
| Kotak Mahindra Bank Limited | 3.57% |
| Bajaj Finance Limited | 2.99% |
| ITC Limited | 2.96% |
Largest holdings only in Shriram Multi Sector Rotation Fund
| Security | % of fund |
|---|---|
| Samvardhana Motherson International Ltd. | 3.16% |
| Apollo Hospitals Enterprise Ltd. | 3.14% |
| Nuvama Wealth Management Ltd. | 2.78% |
| Samhi Hotels Ltd. | 2.76% |
| Computer Age Management Services Ltd. | 2.68% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Nippon India ETF BSE Sensex | Shriram Multi Sector Rotation |
|---|---|---|
| Equity | 100.0% | 99.8% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 0.2% |
Market cap of stocks
| Market cap | Nippon India ETF BSE Sensex | Shriram Multi Sector Rotation |
|---|---|---|
| Large Cap | 100.0% | 58.5% |
| Mid Cap | 0.0% | 9.8% |
| Small Cap | 0.0% | 31.5% |
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 | Nippon India ETF BSE Sensex | Shriram Multi Sector Rotation |
|---|---|---|
| Banks | 35.9% | 20.2% |
| Healthcare Services | 0.0% | 9.6% |
| Capital Markets | 0.0% | 9.2% |
| Petroleum Products | 9.2% | 3.8% |
| IT - Software | 9.1% | 7.7% |
| Retailing | 3.7% | 7.3% |
| Telecom - Services | 6.4% | 3.1% |
| Auto Components | 0.0% | 6.1% |
| Construction | 5.1% | 0.0% |
| Diversified FMCG | 4.9% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Nippon India ETF BSE Sensex vs Shriram Multi Sector Rotation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Nippon India ETF BSE Sensex | Shriram Multi Sector Rotation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.04% | 0.98% |
| Base expense ratio (Direct) | 0.03% | 0.60% |
| Total expense ratio (Regular) | Not available | 2.71% |
| Base expense ratio (Regular) | 0.00% | 2.10% |
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 Shriram Multi Sector Rotation with
Nippon India ETF BSE Sensex vs Shriram Multi Sector Rotation Fund: Frequently Asked Questions
What is the difference between Nippon India ETF BSE Sensex and Shriram Multi Sector Rotation Fund?
Nippon India ETF BSE Sensex is a mutual fund, Shriram Multi Sector Rotation Fund is a Thematic fund, run by Nippon India Mutual Fund and Shriram Mutual Fund. Their portfolios overlap 38.3%. Nippon India ETF BSE Sensex charges 0.04% a year and Shriram Multi Sector Rotation Fund 0.98%.
Which has given higher returns, Nippon India ETF BSE Sensex or Shriram Multi Sector Rotation Fund?
Over 1 year: Nippon India ETF BSE Sensex −10.97%, Shriram Multi Sector Rotation Fund −3.64%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Nippon India ETF BSE Sensex or Shriram Multi Sector Rotation Fund?
Nippon India ETF BSE Sensex charges less: 0.04% a year against 0.98%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Nippon India ETF BSE Sensex and Shriram Multi Sector Rotation Fund overlap?
38.3%. They hold 14 of the same securities, the largest shared ones being HDFCBANK, AXISBANK, SBIN. From each fund's latest monthly portfolio.
Can I invest in both Nippon India ETF BSE Sensex and Shriram Multi Sector Rotation Fund?
Yes. 38.3% of each fund's money sits in the same holdings, so some 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.