UTI Value Fund vs Zerodha Nifty 50 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
UTI Value Fund is a Value and Contra fund and Zerodha Nifty 50 Index Fund is an Index fund. In the year to 30-10-2026, UTI Value Fund (Direct) returned −9.1% and Zerodha Nifty 50 Index Fund (Direct) returned −10.3%. UTI Value Fund charges 1.35% a year and Zerodha Nifty 50 Index Fund 0.28% (Direct plans). Their portfolios overlap 53.5%: they hold 26 of the same securities.
Zerodha Nifty 50 Index Fund
Index
- 1 year return
- −10.3%
- Expense ratio
- 0.28%
- NAV
- ₹9.24
Which is better, UTI Value or Zerodha Nifty 50 Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- UTI Value returned more over 1 year: −9.1% against −10.3%.
- Zerodha Nifty 50 Index costs less: 0.28% a year against 1.35% (Direct plans).
- Zerodha Nifty 50 Index fell less in its worst fall since 17-10-2025: −15.2% against −15.3%.
- Zerodha Nifty 50 Index holds more in large companies: 99.2% of the fund in large caps against 65.6%.
- UTI Value is the larger fund: ₹9,025 Cr against ₹75 Cr.
- Their portfolios overlap 53.5%: 26 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 | UTI Value Fund | Zerodha Nifty 50 Index Fund |
|---|---|---|
| Fund house | UTI Mutual Fund | Zerodha Mutual Fund |
| Category | Value and Contra | Index |
| AUM | ₹9,025 Cr (30-09-2026) | ₹75 Cr (30-09-2026) |
| NAV | ₹173.12 (Direct) | ₹9.24 (Direct) |
| Expense ratio (Direct) | 1.35% | 0.28% |
| Expense ratio (Regular) | 1.87% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 50 TRI |
| Launch date | 20-07-2005 | 14-10-2025 |
| Minimum investment | Regular Plan-Growth- Rs.5000, Regular Plan-Reinvestment of IDCW- Rs.5000, Regular Plan-Payout of IDCW- Rs.5000, Direct Plan-Growth- Rs.5000, Direct Plan-Reinvestment of IDCW- Rs.5000, Direct Plan-Payout of IDCW- Rs.5000, | ₹100 |
| Lock in | None | None |
| Fund managers | Amit Premchandani FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4 | Kedarnath Mirajkar |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year. | Nil |
UTI Value vs Zerodha Nifty 50 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 |
|---|---|---|---|---|---|---|---|
| UTI Value Fund (Direct) | −0.22% | −6.08% | −3.22% | −9.06% | +11.71% | +9.95% | +12.87% |
| Zerodha Nifty 50 Index Fund (Direct) | +1.95% | −5.00% | −3.12% | −10.25% | -- | -- | -- |
| Value and Contra average | −2.09% | −5.76% | −3.23% | −5.72% | +11.83% | +11.08% | +12.63% |
Category average: the average of the 30 Value and Contra funds, same plan type.
UTI Value vs Zerodha Nifty 50 Index: Year-wise Returns
| Year | UTI ValueUTI Value | Zerodha Nifty 50 IndexZerodha Nifty 50 Index |
|---|---|---|
| 2026to date | −9.69% | −11.01% |
| 2025 | +7.71% | -- |
| 2024 | +24.28% | -- |
| 2023 | +27.63% | -- |
| 2022 | +5.04% | -- |
| 2021 | +31.35% | -- |
UTI Value vs Zerodha Nifty 50 Index: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of UTI Value Fund
UTI Value vs Zerodha Nifty 50 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 01-10-2025 to 30-10-2026: 13 instalments, ₹1,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| UTI ValueUTI Value Fund (Direct) | ₹1,30,000 | ₹1,23,720 | −₹6,280 | −8.3% |
| Zerodha Nifty 50 IndexZerodha Nifty 50 Index Fund (Direct) | ₹1,30,000 | ₹1,23,091 | −₹6,909 | −9.1% |
UTI ValueUTI Value Fund (Direct)
Zerodha Nifty 50 IndexZerodha Nifty 50 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.
UTI Value vs Zerodha Nifty 50 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | UTI Value Fund (Direct) | Zerodha Nifty 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.06% | −10.25% |
| Standard deviation | 13.51% | 13.60% |
| Sharpe ratio | -1.06 | -1.14 |
| Sortino ratio | -1.40 | -1.52 |
| Maximum drawdown | −15.3% (31-03-2026) | −15.2% (30-03-2026) |
| Beta | 0.92 | 1.00 |
| Alpha | −2.77% | −0.28% |
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 | UTI Value Fund (Direct) | Zerodha Nifty 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.86% | −9.31% |
| Standard deviation | 15.09% | 13.43% |
| Sharpe ratio | 0.45 | -1.08 |
| Sortino ratio | 0.61 | -1.45 |
| Maximum drawdown | −36.7% (23-03-2020) | −15.2% (30-03-2026) |
| Beta | 0.93 | 1.00 |
| Alpha | +0.53% | −0.29% |
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.
UTI Value Fund (Direct)
Zerodha Nifty 50 Index Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| UTI Value Fund (Direct) | −15.3% | 02-01-2026 | 31-03-2026 | Not yet | -- | −10.7% |
| Zerodha Nifty 50 Index Fund (Direct) | −15.2% | 02-01-2026 | 30-03-2026 | Not yet | -- | −11.7% |
| Nifty 500 TRI | −14.7% | 02-01-2026 | 30-03-2026 | Not yet | -- | −8.4% |
From daily values since 17-10-2025, 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.
UTI Value Fund (Direct)
Zerodha Nifty 50 Index Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| UTI Value Fund (Direct) | 88% | 99% | 2.84% |
| Zerodha Nifty 50 Index Fund (Direct) | 73% | 95% | 4.89% |
From month-end values since 17-10-2025. 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.
UTI Value vs Zerodha Nifty 50 Index: Portfolio Overlap
From each fund's latest monthly portfolio: UTI Value Fund, September 2026; Zerodha Nifty 50 Index Fund, September 2026
Holdings in common
- Overlap
- 53.5%
- Held by both
- 26
- Only in UTI Value
- 38
- Only in Zerodha Nifty 50 Index
- 24
| Security | % of UTI Value | % of Zerodha Nifty 50 Index |
|---|---|---|
| EQ - HDFC BANK LIMITED | 7.97% | 10.44% |
| EQ - ICICI BANK LTD | 6.26% | 9.10% |
| EQ - BHARTI AIRTEL LTD. | 4.23% | 5.13% |
| EQ - AXIS BANK LTD. | 3.94% | 3.39% |
| EQ - STATE BANK OF INDIA | 3.30% | 3.81% |
| EQ - INFOSYS LTD. | 3.19% | 3.37% |
| EQ - KOTAK MAHINDRA BANK LTD. | 4.16% | 2.95% |
| EQ - MAHINDRA & MAHINDRA LTD. | 2.99% | 2.53% |
| EQ - RELIANCE INDUSTRIES LTD. | 2.50% | 7.63% |
| EQ - MARUTI SUZUKI INDIA LTD. | 1.86% | 1.49% |
| EQ - TATA STEEL LTD. | 1.63% | 1.47% |
| EQ - SUN PHARMACEUTICALS INDUSTRIES | 1.41% | 1.85% |
| EQ - LARSEN & TOUBRO LTD. | 1.41% | 4.23% |
| EQ - POWER GRID CORPORATION OF INDI | 1.88% | 1.13% |
| EQ - BHARAT ELECTRONICS LTD. | 1.08% | 1.34% |
| EQ - NTPC LTD. | 1.07% | 1.47% |
| EQ - ITC LTD. | 1.02% | 2.43% |
| EQ - COAL INDIA LTD. | 1.37% | 0.98% |
| EQ - EICHER MOTORS LTD | 1.39% | 0.95% |
| EQ - ADANI ENTERPRISES LTD. | 1.01% | 0.95% |
| EQ - TECH MAHINDRA LTD. | 2.58% | 0.93% |
| EQ - OIL & NATURAL GAS CORPORATION | 1.00% | 0.84% |
| EQ - CIPLA LTD. | 1.72% | 0.73% |
| EQ - DR REDDYS LABORATORIES LTD. | 0.66% | 0.72% |
| EQ - TATA MOTORS PASSENGER VEHICLES LTD. | 0.94% | 0.57% |
| EQ - HDFC LIFE INSURANCE COMPANY LI | 1.16% | 0.54% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 53.5% means 53.5% 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 UTI Value Fund
| Security | % of fund |
|---|---|
| EQ - PHOENIX MILLS LTD | 1.82% |
| EQ - INDUSIND BANK | 1.72% |
| EQ - MPHASIS LTD | 1.61% |
| EQ - MAHINDRA & MAHINDRA FINANCIAL | 1.48% |
| EQ - BRIGADE ENTERPRISES LTD. | 1.46% |
Largest holdings only in Zerodha Nifty 50 Index Fund
| Security | % of fund |
|---|---|
| Bajaj Finance Limited | 2.52% |
| Eternal Limited | 2.23% |
| Tata Consultancy Services Limited | 2.01% |
| Titan Company Limited | 1.82% |
| Hindustan Unilever Limited | 1.60% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | UTI Value | Zerodha Nifty 50 Index |
|---|---|---|
| Equity | 99.3% | 100.6% |
| Debt | 0.3% | 0.0% |
| Cash and others | 0.4% | -0.6% |
Market cap of stocks
| Market cap | UTI Value | Zerodha Nifty 50 Index |
|---|---|---|
| Large Cap | 65.6% | 99.2% |
| Mid Cap | 18.3% | 1.4% |
| Small Cap | 15.5% | 0.0% |
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 | UTI Value | Zerodha Nifty 50 Index |
|---|---|---|
| Banks | 28.1% | 29.7% |
| IT - Software | 8.3% | 7.6% |
| Automobiles | 8.0% | 6.7% |
| Petroleum Products | 2.5% | 7.6% |
| Pharmaceuticals & Biotechnology | 6.6% | 3.3% |
| Finance | 1.5% | 5.5% |
| Telecom - Services | 4.2% | 5.1% |
| Realty | 4.5% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
UTI Value vs Zerodha Nifty 50 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | UTI Value Fund | Zerodha Nifty 50 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.35% | 0.28% |
| Base expense ratio (Direct) | 1.05% | 0.10% |
| Total expense ratio (Regular) | 1.87% | Not available |
| Base expense ratio (Regular) | 1.51% | 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
UTI Value Fund vs Zerodha Nifty 50 Index Fund: Frequently Asked Questions
What is the difference between UTI Value Fund and Zerodha Nifty 50 Index Fund?
UTI Value Fund is a Value and Contra fund, Zerodha Nifty 50 Index Fund is an Index fund, run by UTI Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 53.5%. UTI Value Fund charges 1.35% a year and Zerodha Nifty 50 Index Fund 0.28%.
Which has given higher returns, UTI Value Fund or Zerodha Nifty 50 Index Fund?
Over 1 year: UTI Value Fund −9.06%, Zerodha Nifty 50 Index Fund −10.25%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, UTI Value Fund or Zerodha Nifty 50 Index Fund?
Zerodha Nifty 50 Index Fund charges less: 0.28% a year against 1.35%. These are the Direct plans' total expense ratios reported to AMFI.
How much do UTI Value Fund and Zerodha Nifty 50 Index Fund overlap?
53.5%. They hold 26 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, UTI Value Fund or Zerodha Nifty 50 Index Fund?
On SEBI's riskometer, UTI Value Fund is rated Very High and Zerodha Nifty 50 Index Fund Very High. Over 1 years, the standard deviation of daily returns was 13.51% and 13.60% a year.
Can I invest in both UTI Value Fund and Zerodha Nifty 50 Index Fund?
Yes. 53.5% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages UTI Value Fund and Zerodha Nifty 50 Index Fund?
UTI Value Fund: Amit Premchandani FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4. Zerodha Nifty 50 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.