Mirae Asset Nifty Financial Services ETF vs Tata Nifty Financial Services Index Fund
Mirae Asset Nifty Financial Services ETF and Tata Nifty Financial Services Index Fund are both Nifty Financial Services Index Funds & ETFs. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR +12.68% vs —, 5-year CAGR +8.46% vs —, volatility 16.65% vs 17.01%, maximum drawdown −23.16% vs −17.38%. Their portfolios overlap by 97.6% (20 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| Mirae Asset Nifty Financial Services ETF | Tata Nifty Financial Services Index | |
|---|---|---|
| Fund house | Mirae Asset Mutual Fund | Tata Mutual Fund |
| Compared as | Nifty Financial Services Index Funds & ETFs | Nifty Financial Services Index Funds & ETFs |
| NAV | ₹28.4028 | ₹12.8462 |
| NAV date | 6 Nov 2026 | 6 Nov 2026 |
| Launched (first NAV) | 2 Aug 2021 | 30 Apr 2024 |
| Track record | 5.3 yrs | 2.5 yrs |
| Fund size (AUM) | ₹415 Cr | ₹77 Cr |
| Securities held | 20 | 20 |
| Portfolio as of | 30 Jun 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Mirae Asset Nifty Financial Services ETF | Tata Nifty Financial Services Index | |
|---|---|---|
| 1 month | +9.54% | +9.51% |
| 3 months | +3.15% | +3.05% |
| 6 months | +5.69% | +5.47% |
| 1 year | +1.68% | +1.23% |
| 3 years (CAGR) | +12.68% | — |
| 5 years (CAGR) | +8.46% | — |
| 7 years (CAGR) | — | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +10.84% | +9.62% |
| SIP return (XIRR, 5 years) ⓘ | +10.66% | — |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| Mirae Asset Nifty Financial Services ETF | Tata Nifty Financial Services Index | |
|---|---|---|
| 2026 (year to date) | −0.41% | −0.79% |
| 2025 | +18.40% | +17.50% |
| 2024 | +10.31% | — |
| 2023 | +14.26% | — |
| 2022 | +10.34% | — |
Risk
| Mirae Asset Nifty Financial Services ETF | Tata Nifty Financial Services Index | |
|---|---|---|
| Volatility (annualised) ⓘ | 16.65% | 17.01% |
| Downside volatility ⓘ | 11.38% | 11.89% |
| Sharpe ratio ⓘ | 0.37 | 0.18 |
| Sortino ratio ⓘ | 0.54 | 0.26 |
| Maximum drawdown ⓘ | −23.16% | −17.38% |
| Recovery from that fall | 11 months | — |
| Current fall from peak | −3.38% | −3.67% |
| Rolling 1-year return: worst | −11.06% | −11.46% |
| Rolling 1-year return: median | +13.13% | +10.82% |
| Rolling 1-year return: best | +30.64% | +25.70% |
| Share of 1-year periods with a loss | 12.06% | 27.32% |
Against each fund's benchmark
| Mirae Asset Nifty Financial Services ETF | Tata Nifty Financial Services Index | |
|---|---|---|
| Beta ⓘ | 0.94 | 0.97 |
| Alpha (Jensen's, annualised) ⓘ | +1.46% | +4.08% |
| R² ⓘ | 76.74 | 80.32 |
| Upside capture | 96.08% | 108.87% |
| Downside capture | 85.02% | 86.53% |
| Tracking error | 7.70% | 7.18% |
| Information ratio | 0.16 | 0.57 |
| Treynor ratio | 3.38 | -1.09 |
Portfolio
Asset mix
| Mirae Asset Nifty Financial Services ETF | Tata Nifty Financial Services Index | |
|---|---|---|
| Equity | 99.63% | 100.01% |
| Cash & equivalents | 0.38% | -0.01% |
Market-cap split (share of fund assets)
| Mirae Asset Nifty Financial Services ETF | Tata Nifty Financial Services Index | |
|---|---|---|
| Large Cap | 94.53% | 95.24% |
| Mid Cap | 4.55% | 4.24% |
| Small Cap | 0.54% | 0.53% |
| Unclassified | 0.00% | 0.00% |
Concentration
| Mirae Asset Nifty Financial Services ETF | Tata Nifty Financial Services Index | |
|---|---|---|
| Top 10 holdings | 85.00% | 86.20% |
| Effective number of stocks ⓘ | 10.1 | 9.9 |
| Securities held | 20 | 20 |
Portfolio overlap: 97.6%
20 companies are held by both funds; by weight, 97.6% of the two portfolios is the same. That is a high overlap: holding both adds little diversification beyond holding one.
| Held by both | Mirae Asset Nifty Financial Services ETF | Tata Nifty Financial Services Index |
|---|---|---|
| HDFC Bank Limited | 19.17% | 18.64% |
| ICICI Bank Limited | 14.06% | 14.20% |
| State Bank of India | 9.95% | 9.94% |
| Axis Bank Limited | 9.71% | 10.18% |
| Kotak Mahindra Bank Limited | 8.88% | 10.11% |
| Bajaj Finance Limited | 8.28% | 8.62% |
| Shriram Finance Limited | 4.49% | 4.53% |
| BSE Limited | 4.86% | 4.16% |
| Bajaj Finserv Limited | 3.17% | 3.31% |
| SBI Life Insurance Company Limited | 2.44% | 2.51% |
| Jio Financial Services Limited | 2.38% | 2.34% |
| Cholamandalam Investment and Finance Company Ltd | 2.36% | 2.31% |
| HDFC Life Insurance Company Limited | 1.91% | 1.85% |
| Power Finance Corporation Limited | 1.87% | 1.56% |
| ICICI Lombard General Insurance Company Limited | 1.31% | 1.25% |
Top 10 holdings
Mirae Asset Nifty Financial Services ETF
- HDFC Bank Limited19.17%
- ICICI Bank Limited14.05%
- State Bank of India9.95%
- Axis Bank Limited9.71%
- Kotak Mahindra Bank Limited8.88%
- Bajaj Finance Limited8.28%
- BSE Limited4.86%
- Shriram Finance Limited4.49%
- Bajaj Finserv Limited3.17%
- SBI Life Insurance Company Limited2.44%
Tata Nifty Financial Services Index
- HDFC Bank Limited18.64%
- ICICI Bank Limited14.20%
- Axis Bank Limited10.18%
- Kotak Mahindra Bank Limited10.11%
- State Bank of India9.94%
- Bajaj Finance Limited8.62%
- Shriram Finance Limited4.53%
- BSE Limited4.16%
- Bajaj Finserv Limited3.31%
- SBI Life Insurance Company Limited2.51%
Sector exposure
| Mirae Asset Nifty Financial Services ETF | Tata Nifty Financial Services Index | |
|---|---|---|
| Banks | 61.76% | 63.07% |
| Finance | 26.07% | 25.99% |
| Insurance | 6.93% | 6.79% |
| Capital Markets | 4.86% | 4.16% |
Questions people ask
What is the difference between Mirae Asset Nifty Financial Services ETF and Tata Nifty Financial Services Index returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return +1.68% vs +1.23%; 3-year CAGR +12.68% vs —; 5-year CAGR +8.46% vs —; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do Mirae Asset Nifty Financial Services ETF and Tata Nifty Financial Services Index compare on risk?
Volatility (36 monthly returns, annualised) 16.65% vs 17.01%; Sharpe ratio 0.37 vs 0.18; Sortino ratio 0.54 vs 0.26; maximum drawdown −23.16% vs −17.38%; beta 0.94 vs 0.97.
How much do Mirae Asset Nifty Financial Services ETF and Tata Nifty Financial Services Index overlap?
By weight, 97.6% of the two portfolios is invested in the same companies; 20 stocks are held by both, the largest shared positions being HDFC Bank Limited, ICICI Bank Limited, State Bank of India. Based on the portfolios disclosed for Jun 2026 and Sep 2026.
What is the large, mid and small cap split of Mirae Asset Nifty Financial Services ETF and Tata Nifty Financial Services Index?
Mirae Asset Nifty Financial Services ETF: large cap 94.5%, mid cap 4.6%, small cap 0.5%. Tata Nifty Financial Services Index: large cap 95.2%, mid cap 4.2%, small cap 0.5% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
More comparisons
Mirae Asset Nifty Financial Services ETF vs
Tata Nifty Financial Services Index vs
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 6 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.