Nippon India Vision Large & Mid Cap Fund vs Zerodha Nifty LargeMidcap 250 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Nippon India Vision Large & Mid Cap Fund is a Large & Mid Cap fund and Zerodha Nifty LargeMidcap 250 Index Fund is an Index fund. In the year to 30-10-2026, Nippon India Vision Large & Mid Cap Fund (Direct) returned −7.3% and Zerodha Nifty LargeMidcap 250 Index Fund (Direct) returned −6.2%. Nippon India Vision Large & Mid Cap Fund charges 1.50% a year and Zerodha Nifty LargeMidcap 250 Index Fund 0.38% (Direct plans). Their portfolios overlap 41.6%: they hold 84 of the same securities.
Nippon India Vision Large & Mid Cap Fund
Large & Mid Cap
- 1 year return
- −7.3%
- Expense ratio
- 1.50%
- NAV
- ₹1,506.69
Zerodha Nifty LargeMidcap 250 Index Fund
Index
- 1 year return
- −6.2%
- Expense ratio
- 0.38%
- NAV
- ₹13.46
Which is better, Nippon India Vision Large & Mid Cap or Zerodha Nifty LargeMidcap 250 Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Zerodha Nifty LargeMidcap 250 Index returned more over 1 year: −6.2% against −7.3%.
- Zerodha Nifty LargeMidcap 250 Index costs less: 0.38% a year against 1.50% (Direct plans).
- Nippon India Vision Large & Mid Cap fell less in its worst fall since 10-11-2023: −16.8% against −18.8%.
- Nippon India Vision Large & Mid Cap is the larger fund: ₹7,411 Cr against ₹1,569 Cr.
- Their portfolios overlap 41.6%: 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
| Fact | Nippon India Vision Large & Mid Cap Fund | Zerodha Nifty LargeMidcap 250 Index Fund |
|---|---|---|
| Fund house | Nippon India Mutual Fund | Zerodha Mutual Fund |
| Category | Large & Mid Cap | Index |
| AUM | ₹7,411 Cr (30-09-2026) | ₹1,569 Cr (30-09-2026) |
| NAV | ₹1,506.69 (Direct) | ₹13.46 (Direct) |
| Expense ratio (Direct) | 1.50% | 0.38% |
| Expense ratio (Regular) | 2.22% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty LargeMidcap 250 TRI | Nifty LargeMidcap 250 TRI |
| Launch date | 08-10-1995 | 08-11-2023 |
| Minimum investment | ₹5,000 | Rs. 100. |
| Lock in | None | None |
| Fund managers | Aishwarya Agarwal | Kedarnath Mirajkar |
| Exit load | For units more than 10% of the investments, an exit load of 1% if redeemed within 12 months. | Nil |
Nippon India Vision Large & Mid Cap vs Zerodha Nifty LargeMidcap 250 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 |
|---|---|---|---|---|---|---|---|
| Nippon India Vision Large & Mid Cap Fund (Direct) | −1.87% | −7.45% | −3.60% | −7.32% | +13.44% | +11.47% | +12.25% |
| Zerodha Nifty LargeMidcap 250 Index Fund (Direct) | −1.31% | −6.83% | −3.29% | −6.24% | -- | -- | -- |
| 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.
Nippon India Vision Large & Mid Cap vs Zerodha Nifty LargeMidcap 250 Index: Year-wise Returns
| Year | Nippon India Vision Large & Mid CapNippon India Vision Large & Mid Cap | Zerodha Nifty LargeMidcap 250 IndexZerodha Nifty LargeMidcap 250 Index | NIFTY LargeMidcap 250 TRI |
|---|---|---|---|
| 2026to date | −6.95% | −6.89% | −7.09% |
| 2025 | +6.16% | +8.37% | +8.19% |
| 2024 | +26.28% | +18.50% | +18.68% |
| 2023 | +34.93% | -- | +32.66% |
| 2022 | +2.94% | -- | +4.48% |
| 2021 | +34.43% | -- | +37.04% |
Nippon India Vision Large & Mid Cap vs Zerodha Nifty LargeMidcap 250 Index: Rolling Returns
Every holding period of both funds, against NIFTY LargeMidcap 250 TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 485 of them, one for each trading day from 11-11-2024 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 Vision Large & Mid Cap Fund (Direct)
Zerodha Nifty LargeMidcap 250 Index Fund (Direct)
NIFTY LargeMidcap 250 TRI
to
Jan 2025May 2024
to
May 2025Sept 2024
to
Sept 2025Jan 2025
to
Jan 2026May 2025
to
May 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nippon India Vision Large & Mid Cap | 10.1 | 31.1 | 27.0 | 15.7 | 6.8 | 1.2 | 8.0 | 8.5% | 6.5% | −8.4% | 42.7% | 56% |
| Zerodha Nifty LargeMidcap 250 Index | 14.4 | 31.8 | 29.7 | 12.6 | 4.7 | 1.9 | 4.9 | 6.9% | 5.7% | −7.7% | 33.3% | 81% |
| NIFTY LargeMidcap 250 TRI | 15.7 | 31.1 | 30.5 | 11.1 | 4.7 | 1.9 | 4.9 | 6.8% | 5.6% | −8.0% | 33.7% | -- |
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 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 10-11-2023. Past returns do not promise future returns.
Nippon India Vision Large & Mid Cap vs Zerodha Nifty LargeMidcap 250 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 01-11-2023 to 30-10-2026: 36 instalments, ₹3,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Nippon India Vision Large & Mid CapNippon India Vision Large & Mid Cap Fund (Direct) | ₹3,60,000 | ₹3,71,382 | ₹11,382 | 2.0% |
| Zerodha Nifty LargeMidcap 250 IndexZerodha Nifty LargeMidcap 250 Index Fund (Direct) | ₹3,60,000 | ₹3,69,843 | ₹9,843 | 1.8% |
Nippon India Vision Large & Mid CapNippon India Vision Large & Mid Cap Fund (Direct)
Zerodha Nifty LargeMidcap 250 IndexZerodha Nifty LargeMidcap 250 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.
Nippon India Vision Large & Mid Cap vs Zerodha Nifty LargeMidcap 250 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Nippon India Vision Large & Mid Cap Fund (Direct) | Zerodha Nifty LargeMidcap 250 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.32% | −6.24% |
| Standard deviation | 14.70% | 14.85% |
| Sharpe ratio | -0.85 | -0.77 |
| Sortino ratio | -1.13 | -1.03 |
| Maximum drawdown | −13.5% (31-03-2026) | −14.3% (30-03-2026) |
| Beta | 0.97 | 1.00 |
| Alpha | −1.15% | +0.23% |
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 Vision Large & Mid Cap Fund (Direct) | Zerodha Nifty LargeMidcap 250 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.11% | +10.48% |
| Standard deviation | 16.93% | 14.89% |
| Sharpe ratio | 0.42 | 0.30 |
| Sortino ratio | 0.57 | 0.40 |
| Maximum drawdown | −45.0% (23-03-2020) | −18.8% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | +0.04% |
From daily NAVs, 02-01-2013 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 Vision Large & Mid Cap Fund (Direct)
Zerodha Nifty LargeMidcap 250 Index 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 |
|---|---|---|---|---|---|---|
| Nippon India Vision Large & Mid Cap Fund (Direct) | −16.8% | 24-09-2024 | 28-02-2025 | 16-09-2025 | 7 months | −9.2% |
| Zerodha Nifty LargeMidcap 250 Index Fund (Direct) | −18.8% | 26-09-2024 | 28-02-2025 | 17-11-2025 | 9 months | −8.6% |
| NIFTY LargeMidcap 250 TRI | −18.8% | 26-09-2024 | 28-02-2025 | 17-11-2025 | 9 months | −8.6% |
From daily values since 10-11-2023, 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 Vision Large & Mid Cap Fund (Direct)
Zerodha Nifty LargeMidcap 250 Index Fund (Direct)
NIFTY LargeMidcap 250 TRI
Against NIFTY LargeMidcap 250 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Nippon India Vision Large & Mid Cap Fund (Direct) | 106% | 99% | 2.67% |
| Zerodha Nifty LargeMidcap 250 Index Fund (Direct) | 100% | 100% | 0.08% |
From month-end values since 10-11-2023. 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 Vision Large & Mid Cap vs Zerodha Nifty LargeMidcap 250 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Nippon India Vision Large & Mid Cap Fund, September 2026; Zerodha Nifty LargeMidcap 250 Index Fund, September 2026
Holdings in common
- Overlap
- 41.6%
- Held by both
- 84
- Only in Nippon India Vision Large & Mid Cap
- 4
- Only in Zerodha Nifty LargeMidcap 250 Index
- 166
| Security | % of Nippon India Vision Large & Mid Cap | % of Zerodha Nifty LargeMidcap 250 Index |
|---|---|---|
| ICICI Bank Limited | 4.72% | 3.68% |
| HDFC Bank Limited | 2.87% | 4.22% |
| Reliance Industries Limited | 2.08% | 3.08% |
| State Bank of India | 4.22% | 1.54% |
| Axis Bank Limited | 2.98% | 1.37% |
| Eternal Limited | 3.89% | 0.90% |
| One 97 Communications Limited | 2.23% | 0.89% |
| Larsen & Toubro Limited | 0.81% | 1.71% |
| Coforge Limited | 2.36% | 0.75% |
| Bharat Heavy Electricals Limited | 1.85% | 0.75% |
| Sun Pharmaceutical Industries Limited | 1.06% | 0.75% |
| IndusInd Bank Limited | 1.22% | 0.73% |
| AU Small Finance Bank Limited | 1.64% | 0.72% |
| Dixon Technologies (India) Limited | 2.21% | 0.67% |
| Titan Company Limited | 0.62% | 0.74% |
| Tata Steel Limited | 1.24% | 0.59% |
| Indus Towers Limited | 0.99% | 0.59% |
| Info Edge (India) Limited | 0.60% | 0.58% |
| Aurobindo Pharma Limited | 1.57% | 0.57% |
| FSN E-Commerce Ventures Limited | 2.23% | 0.54% |
| Hindalco Industries Limited | 1.27% | 0.53% |
| Bharat Electronics Limited | 0.53% | 0.54% |
| Mahindra & Mahindra Limited | 0.52% | 1.02% |
| Marico Limited | 0.53% | 0.51% |
| Fortis Healthcare Limited | 1.37% | 0.49% |
| BSE Limited | 1.00% | 0.49% |
| ICICI Lombard General Insurance Company Limited | 0.55% | 0.48% |
| Bharti Airtel Limited | 0.47% | 2.07% |
| Bajaj Auto Limited | 1.47% | 0.46% |
| Divi's Laboratories Limited | 0.50% | 0.46% |
| Shriram Finance Limited | 0.46% | 0.53% |
| Asian Paints Limited | 1.27% | 0.42% |
| Life Insurance Corporation Of India | 0.41% | 0.62% |
| Coal India Limited | 1.72% | 0.40% |
| Apar Industries Limited | 0.70% | 0.40% |
| Infosys Limited | 0.40% | 1.36% |
| InterGlobe Aviation Limited | 0.40% | 0.44% |
| Hindustan Unilever Limited | 0.38% | 0.65% |
| TVS Motor Company Limited | 1.11% | 0.37% |
| JSW Energy Limited | 1.10% | 0.37% |
| GE Vernova T&D India Limited | 0.37% | 0.64% |
| Mphasis Limited | 1.16% | 0.35% |
| Power Grid Corporation of India Limited | 0.35% | 0.46% |
| Trent Limited | 1.77% | 0.34% |
| KEI Industries Limited | 1.55% | 0.34% |
| Oil & Natural Gas Corporation Limited | 1.22% | 0.34% |
| NHPC Limited | 0.49% | 0.34% |
| PB Fintech Limited | 0.34% | 0.46% |
| Piramal Finance Limited | 1.38% | 0.33% |
| IPCA Laboratories Limited | 0.65% | 0.33% |
| Biocon Limited | 1.19% | 0.32% |
| Hindustan Aeronautics Limited | 0.31% | 0.34% |
| Voltas Limited | 0.65% | 0.30% |
| Cipla Limited | 0.88% | 0.29% |
| Page Industries Limited | 0.99% | 0.28% |
| Samvardhana Motherson International Limited | 0.52% | 0.28% |
| Vedanta Aluminium Metal Limited | 0.89% | 0.27% |
| Supreme Industries Limited | 0.47% | 0.27% |
| Mahindra & Mahindra Financial Services Limited | 1.75% | 0.26% |
| Coromandel International Limited | 0.96% | 0.26% |
| Cummins India Limited | 1.61% | 0.25% |
| Tata Communications Limited | 1.34% | 0.24% |
| Blue Star Limited | 1.02% | 0.24% |
| Tata Consumer Products Limited | 1.00% | 0.24% |
| Varun Beverages Limited | 1.52% | 0.23% |
| ICICI Prudential Asset Management Company Limited | 1.20% | 0.23% |
| CG Power and Industrial Solutions Limited | 1.04% | 0.23% |
| Britannia Industries Limited | 1.04% | 0.22% |
| ICICI Prudential Life Insurance Company Limited | 0.50% | 0.22% |
| LG Electronics India Ltd | 0.35% | 0.22% |
| Balkrishna Industries Limited | 1.43% | 0.21% |
| LIC Housing Finance Limited | 0.31% | 0.20% |
| GAIL (India) Limited | 0.39% | 0.18% |
| Abbott India Limited | 0.97% | 0.17% |
| Dalmia Bharat Limited | 0.23% | 0.16% |
| Max Financial Services Limited | 0.16% | 0.45% |
| Bharti Hexacom Limited | 1.01% | 0.13% |
| Bharat Dynamics Limited | 0.56% | 0.13% |
| Siemens Limited | 0.50% | 0.13% |
| Godrej Consumer Products Limited | 0.34% | 0.13% |
| Endurance Technologies Limited | 0.72% | 0.12% |
| Hyundai Motor India Ltd | 1.29% | 0.11% |
| NTPC Green Energy Limited | 0.57% | 0.11% |
| Laurus Labs Limited | 0.09% | 0.95% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 41.6% means 41.6% 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 Vision Large & Mid Cap Fund
| Security | % of fund |
|---|---|
| PNB Housing Finance Limited | 0.45% |
| Rainbow Childrens Medicare Limited | 0.35% |
| Central Mine Planning & Design Institute Limited | 0.13% |
| Shadowfax Technologies Limited | 0.07% |
Largest holdings only in Zerodha Nifty LargeMidcap 250 Index Fund
| Security | % of fund |
|---|---|
| Kotak Mahindra Bank Limited | 1.19% |
| Multi Commodity Exchange of India Limited | 1.04% |
| Bajaj Finance Limited | 1.02% |
| ITC Limited | 0.98% |
| The Federal Bank Limited | 0.96% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Nippon India Vision Large & Mid Cap | Zerodha Nifty LargeMidcap 250 Index |
|---|---|---|
| Equity | 95.6% | 99.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 4.4% | 0.4% |
Market cap of stocks
| Market cap | Nippon India Vision Large & Mid Cap | Zerodha Nifty LargeMidcap 250 Index |
|---|---|---|
| Large Cap | 55.1% | 52.0% |
| Mid Cap | 39.2% | 46.3% |
| Small Cap | 1.3% | 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
| Sector | Nippon India Vision Large & Mid Cap | Zerodha Nifty LargeMidcap 250 Index |
|---|---|---|
| Banks | 17.6% | 16.9% |
| Retailing | 8.5% | 4.3% |
| Pharmaceuticals & Biotechnology | 6.9% | 6.7% |
| Finance | 4.3% | 6.5% |
| Consumer Durables | 6.1% | 3.3% |
| IT - Software | 3.9% | 5.6% |
| Electrical Equipment | 4.5% | 3.7% |
| Automobiles | 4.4% | 4.0% |
The six largest sectors of each fund's stocks, % of the fund.
Nippon India Vision Large & Mid Cap vs Zerodha Nifty LargeMidcap 250 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Nippon India Vision Large & Mid Cap Fund | Zerodha Nifty LargeMidcap 250 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.50% | 0.38% |
| Base expense ratio (Direct) | 0.91% | 0.25% |
| Total expense ratio (Regular) | 2.22% | Not available |
| Base expense ratio (Regular) | 1.54% | 0.00% |
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 Nippon India Vision Large & Mid Cap with
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Nippon India Vision Large & Mid Cap Fund vs Zerodha Nifty LargeMidcap 250 Index Fund: Frequently Asked Questions
What is the difference between Nippon India Vision Large & Mid Cap Fund and Zerodha Nifty LargeMidcap 250 Index Fund?
Nippon India Vision Large & Mid Cap Fund is a Large & Mid Cap fund, Zerodha Nifty LargeMidcap 250 Index Fund is an Index fund, run by Nippon India Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 41.6%. Nippon India Vision Large & Mid Cap Fund charges 1.50% a year and Zerodha Nifty LargeMidcap 250 Index Fund 0.38%.
Which has given higher returns, Nippon India Vision Large & Mid Cap Fund or Zerodha Nifty LargeMidcap 250 Index Fund?
Over 1 year: Nippon India Vision Large & Mid Cap Fund −7.32%, Zerodha Nifty LargeMidcap 250 Index Fund −6.24%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Nippon India Vision Large & Mid Cap Fund or Zerodha Nifty LargeMidcap 250 Index Fund?
Zerodha Nifty LargeMidcap 250 Index Fund charges less: 0.38% a year against 1.50%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Nippon India Vision Large & Mid Cap Fund and Zerodha Nifty LargeMidcap 250 Index Fund overlap?
41.6%. 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, Nippon India Vision Large & Mid Cap Fund or Zerodha Nifty LargeMidcap 250 Index Fund?
On SEBI's riskometer, Nippon India Vision Large & Mid Cap Fund is rated Very High and Zerodha Nifty LargeMidcap 250 Index Fund Very High. Over 1 years, the standard deviation of daily returns was 14.70% and 14.85% a year.
Can I invest in both Nippon India Vision Large & Mid Cap Fund and Zerodha Nifty LargeMidcap 250 Index Fund?
Yes. 41.6% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Nippon India Vision Large & Mid Cap Fund and Zerodha Nifty LargeMidcap 250 Index Fund?
Nippon India Vision Large & Mid Cap Fund: Aishwarya Agarwal. Zerodha Nifty LargeMidcap 250 Index Fund: Kedarnath Mirajkar.
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.