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    Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund vs Zerodha Life Cycle Fund 2041

    Direct Plan, Growth option · Data as on 30-10-2026

    Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund is an Index fund and Zerodha Life Cycle Fund 2041 is a mutual fund. Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund charges 0.36% a year and Zerodha Life Cycle Fund 2041 1.14% (Direct plans). Their portfolios overlap 74.6%: they hold 241 of the same securities.

    Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund

    Index

    Expense ratio
    0.36%
    NAV
    ₹13.49
    See Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund

    Zerodha Life Cycle Fund 2041

    Expense ratio
    1.14%
    NAV
    ₹9.33
    See Zerodha Life Cycle Fund 2041

    Which is better, Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index or Zerodha Life Cycle Fund 2041? Key differences

    It depends on what you want from the fund. These are the differences in numbers, from the data on this page.

    • Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index costs less: 0.36% a year against 1.14% (Direct plans).
    • Zerodha Life Cycle Fund 2041 fell less in its worst fall since 13-07-2026: −9.8% against −10.5%.
    • Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index holds more in large companies: 52.0% of the fund in large caps against 41.2%.
    • Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index is the larger fund: ₹280 Cr against ₹18 Cr.
    • Their portfolios overlap 74.6%: 241 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

    FactZerodha ELSS Tax Saver Nifty LargeMidcap 250 Index FundZerodha Life Cycle Fund 2041
    Fund houseZerodha Mutual FundZerodha Mutual Fund
    CategoryIndexNot available
    AUM₹280 Cr (30-09-2026)₹18 Cr (30-09-2026)
    NAV₹13.49 (Direct)₹9.33 (Direct)
    Expense ratio (Direct)0.36%1.14%
    Expense ratio (Regular)Not availableNot available
    RiskometerVery HighVery High
    BenchmarkNifty LargeMidcap 250 TRI65% Nifty 200 TRI + 5% Domestic prices of Physical Gold + 5% Domestic prices of Physical Silver + 25% CRISIL 10 year Gil
    Launch date08-11-202310-07-2026
    Minimum investment₹500₹100
    Lock inNoneNot available
    Fund managersKedarnath MirajkarKedarnath Mirajkar
    Exit loadNilNil

    Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index vs Zerodha Life Cycle Fund 2041: Returns Comparison

    Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

    Fund1M3M6M1Y3Y5Y10Y
    Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (Direct)−1.30%−6.82%−3.24%−6.16%------
    Zerodha Life Cycle Fund 2041 (Direct)−2.25%−6.53%----------

    Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index vs Zerodha Life Cycle Fund 2041: Year-wise Returns

    YearELSS Tax Saver Nifty LargeMidcap 250 IndexZerodha ELSS Tax Saver Nifty LargeMidcap 250 IndexLife Cycle Fund 2041Zerodha Life Cycle Fund 2041
    2026to date−6.81%--
    2025+8.44%--
    2024+18.59%--

    Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index vs Zerodha Life Cycle Fund 2041: Rolling Returns

    Every holding period of both funds, against NIFTY LargeMidcap 250 TRI, the benchmark of Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund

    Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index vs Zerodha Life Cycle Fund 2041: Risk and Drawdowns

    How much each fund swings, and the worst fall over the same days

    Risk and return

    MeasureZerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (Direct)Zerodha Life Cycle Fund 2041 (Direct)
    Return (CAGR)+10.56%−20.26%
    Standard deviation14.89%10.18%
    Sharpe ratio0.31-2.51
    Sortino ratio0.41-2.97
    Maximum drawdown−18.7% (28-02-2025)−9.8% (23-10-2026)
    Beta1.00--
    Alpha+0.12%--

    From daily NAVs, 10-11-2023 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.

    −12%−10%−8%−6%−4%−2%0%
    Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (Direct)Zerodha Life Cycle Fund 2041 (Direct)NIFTY LargeMidcap 250 TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (Direct)−10.5%03-08-202623-10-2026Not yet--−8.6%
    Zerodha Life Cycle Fund 2041 (Direct)−9.8%25-08-202623-10-2026Not yet--−8.5%
    NIFTY LargeMidcap 250 TRI−10.6%03-08-202623-10-2026Not yet--−8.6%

    From daily values since 13-07-2026, the first day every fund has.

    Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index vs Zerodha Life Cycle Fund 2041: Portfolio Overlap

    From each fund's latest monthly portfolio: Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund, September 2026; Zerodha Life Cycle Fund 2041, September 2026

    Holdings in common

    Overlap
    74.6%
    Held by both
    241
    Only in Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index
    9
    Only in Zerodha Life Cycle Fund 2041
    12
    Security% of Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index% of Zerodha Life Cycle Fund 2041
    HDFC Bank Limited4.22%3.24%
    ICICI Bank Limited3.68%2.83%
    Reliance Industries Limited3.08%2.39%
    Bharti Airtel Limited2.08%1.61%
    Larsen & Toubro Limited1.71%1.32%
    State Bank of India1.54%1.20%
    Axis Bank Limited1.37%1.06%
    Infosys Limited1.36%1.05%
    Kotak Mahindra Bank Limited1.19%0.93%
    Multi Commodity Exchange of India Limited1.04%0.83%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 74.6% means 74.6% 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 Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund

    Security% of fund
    Embassy Office Parks REIT0.47%
    Piramal Finance Limited0.33%
    Vedanta Aluminium Metal Limited0.27%
    Meesho Limited0.26%
    Aster DM Healthcare Limited0.23%

    Largest holdings only in Zerodha Life Cycle Fund 2041

    Security% of fund
    6.94% GOI 11-May-203612.35%
    Zerodha Gold ETF4.47%
    Zerodha Silver ETF4.42%
    Apollo Tyres Limited0.12%
    Tata Elxsi Limited0.10%

    Asset and sector split

    Share of each fund, from its latest monthly portfolio

    Asset allocation

    AssetZerodha ELSS Tax Saver Nifty LargeMidcap 250 IndexZerodha Life Cycle Fund 2041
    Equity99.6%76.7%
    Debt0.0%12.3%
    Cash and others0.4%11.0%

    Market cap of stocks

    Market capZerodha ELSS Tax Saver Nifty LargeMidcap 250 IndexZerodha Life Cycle Fund 2041
    Large Cap52.0%41.2%
    Mid Cap46.3%33.9%
    Small Cap1.3%1.6%

    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

    SectorZerodha ELSS Tax Saver Nifty LargeMidcap 250 IndexZerodha Life Cycle Fund 2041
    Banks16.9%13.1%
    Pharmaceuticals & Biotechnology6.7%5.3%
    Finance6.5%4.5%
    IT - Software5.6%4.5%
    Retailing4.3%2.9%
    Automobiles4.0%3.1%
    Electrical Equipment3.7%3.1%

    The six largest sectors of each fund's stocks, % of the fund.

    Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index vs Zerodha Life Cycle Fund 2041: Expense Ratio

    What each plan charges a year, from AMFI's expense ratio file

    ChargeZerodha ELSS Tax Saver Nifty LargeMidcap 250 Index FundZerodha Life Cycle Fund 2041
    Total expense ratio (Direct)0.36%1.14%
    Base expense ratio (Direct)0.25%0.42%
    Base expense ratio (Regular)0.00%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.

    Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund vs Zerodha Life Cycle Fund 2041: Frequently Asked Questions

    What is the difference between Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund and Zerodha Life Cycle Fund 2041?

    Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund is an Index fund, Zerodha Life Cycle Fund 2041 is a mutual fund, run by Zerodha Mutual Fund. Their portfolios overlap 74.6%. Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund charges 0.36% a year and Zerodha Life Cycle Fund 2041 1.14%.

    Which has the lower expense ratio, Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund or Zerodha Life Cycle Fund 2041?

    Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund charges less: 0.36% a year against 1.14%. These are the Direct plans' total expense ratios reported to AMFI.

    How much do Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund and Zerodha Life Cycle Fund 2041 overlap?

    74.6%. They hold 241 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.

    Which is riskier, Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund or Zerodha Life Cycle Fund 2041?

    On SEBI's riskometer, Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund is rated Very High and Zerodha Life Cycle Fund 2041 Very High. Over their common history, the standard deviation of daily returns was 14.89% and 10.18% a year.

    Can I invest in both Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund and Zerodha Life Cycle Fund 2041?

    Yes. 74.6% of each fund's money sits in the same holdings, so a large part of the two investments would move together.

    Who manages Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund and Zerodha Life Cycle Fund 2041?

    Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund: Kedarnath Mirajkar. Zerodha Life Cycle Fund 2041: 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.

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