Mirae Asset Nifty Next 50 ETF vs SBI Nifty Next 50 ETF
Mirae Asset Nifty Next 50 ETF and SBI Nifty Next 50 ETF are both Nifty Next 50 Index Funds & ETFs. As of 4 Nov 2026 (Direct plan, Growth option): 3-year CAGR +17.27% vs —, 5-year CAGR +11.34% vs —, volatility 20.04% vs —, maximum drawdown −35.98% vs —. Their portfolios overlap by 85.9% (45 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 Next 50 ETF | SBI Nifty Next 50 ETF | |
|---|---|---|
| Fund house | Mirae Asset Mutual Fund | SBI Mutual Fund |
| Compared as | Nifty Next 50 Index Funds & ETFs | Nifty Next 50 Index Funds & ETFs |
| NAV | ₹732.1960 | ₹760.0819 |
| NAV date | 4 Nov 2026 | 4 Nov 2026 |
| Launched (first NAV) | 27 Jan 2020 | 25 Mar 2015 |
| Track record | 6.8 yrs | 11.6 yrs |
| Fund size (AUM) | ₹1,390 Cr | ₹2,911 Cr |
| Securities held | 50 | 50 |
| Portfolio as of | 30 Jun 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Mirae Asset Nifty Next 50 ETF | SBI Nifty Next 50 ETF | |
|---|---|---|
| 1 month | +2.35% | — |
| 3 months | −4.77% | — |
| 6 months | −0.77% | — |
| 1 year | +1.76% | — |
| 3 years (CAGR) | +17.27% | — |
| 5 years (CAGR) | +11.34% | — |
| 7 years (CAGR) | — | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +14.69% | — |
| SIP return (XIRR, 5 years) ⓘ | +12.12% | — |
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 Next 50 ETF | SBI Nifty Next 50 ETF | |
|---|---|---|
| 2026 (year to date) | +2.90% | — |
| 2025 | +2.82% | — |
| 2024 | +28.19% | — |
| 2023 | +26.90% | — |
| 2022 | +0.70% | — |
| 2021 | +30.70% | — |
Risk
| Mirae Asset Nifty Next 50 ETF | SBI Nifty Next 50 ETF | |
|---|---|---|
| Volatility (annualised) ⓘ | 20.04% | — |
| Downside volatility ⓘ | 13.37% | — |
| Sharpe ratio ⓘ | 0.54 | — |
| Sortino ratio ⓘ | 0.81 | — |
| Maximum drawdown ⓘ | −35.98% | — |
| Recovery from that fall | 8 months | 8 months |
| Current fall from peak | −7.37% | — |
| Rolling 1-year return: worst | −12.20% | — |
| Rolling 1-year return: median | +10.32% | — |
| Rolling 1-year return: best | +86.39% | — |
| Share of 1-year periods with a loss | 20.39% | — |
Against each fund's benchmark
| Mirae Asset Nifty Next 50 ETF | SBI Nifty Next 50 ETF | |
|---|---|---|
| Beta ⓘ | 1.29 | — |
| Alpha (Jensen's, annualised) ⓘ | +7.22% | — |
| R² ⓘ | 87.04 | — |
| Upside capture | 147.83% | — |
| Downside capture | 123.64% | — |
| Tracking error | 8.52% | — |
| Information ratio | 0.92 | — |
| Treynor ratio | 7.61 | — |
Portfolio
Asset mix
| Mirae Asset Nifty Next 50 ETF | SBI Nifty Next 50 ETF | |
|---|---|---|
| Equity | 99.76% | 99.99% |
| Cash & equivalents | 0.20% | 0.01% |
Market-cap split (share of fund assets)
| Mirae Asset Nifty Next 50 ETF | SBI Nifty Next 50 ETF | |
|---|---|---|
| Large Cap | 86.65% | 95.32% |
| Mid Cap | 13.16% | 4.67% |
| Small Cap | 0.00% | 0.00% |
| Unclassified | 0.00% | 0.00% |
Concentration
| Mirae Asset Nifty Next 50 ETF | SBI Nifty Next 50 ETF | |
|---|---|---|
| Top 10 holdings | 32.19% | 33.73% |
| Effective number of stocks ⓘ | 43.4 | 42.2 |
| Securities held | 50 | 50 |
Portfolio overlap: 85.9%
45 companies are held by both funds; by weight, 85.9% 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 Next 50 ETF | SBI Nifty Next 50 ETF |
|---|---|---|
| Tata Motors Ltd | 3.61% | 3.61% |
| Adani Power Limited | 3.79% | 3.48% |
| Divi's Laboratories Limited | 3.41% | 4.84% |
| Hindustan Aeronautics Limited | 3.39% | 3.63% |
| TVS Motor Company Ltd. | 3.32% | 3.95% |
| Cholamandalam Investment and Finance Company Ltd | 3.16% | 2.88% |
| Samvardhana Motherson International Limited | 2.67% | 2.95% |
| Cummins India Limited | 3.12% | 2.63% |
| Avenue Supermarts Ltd. | 2.88% | 2.51% |
| Bharat Petroleum Corporation Ltd. | 2.51% | 2.49% |
| Tata Power Company Limited | 2.63% | 2.47% |
| Varun Beverages Limited | 2.83% | 2.42% |
| CG Power and Industrial Solutions Limited | 2.67% | 2.40% |
| Britannia Industries Ltd. | 2.48% | 2.33% |
| Indian Oil Corporation Limited | 2.13% | 2.06% |
Top 10 holdings
Mirae Asset Nifty Next 50 ETF
- Adani Power Limited3.79%
- Tata Motors Ltd3.61%
- Divi's Laboratories Limited3.41%
- Hindustan Aeronautics Limited3.39%
- TVS Motor Company Ltd.3.32%
- Cholamandalam Investment and Finance Company Ltd3.16%
- Cummins India Limited3.12%
- Avenue Supermarts Ltd.2.88%
- Varun Beverages Limited2.83%
- Samvardhana Motherson International Limited2.67%
SBI Nifty Next 50 ETF
- Divi's Laboratories Limited4.84%
- TVS Motor Company Ltd.3.95%
- Hindustan Aeronautics Limited3.63%
- Tata Motors Ltd3.61%
- Adani Power Limited3.48%
- Samvardhana Motherson International Limited2.95%
- Torrent Pharmaceuticals Limited2.89%
- Cholamandalam Investment and Finance Company Ltd2.88%
- Vedanta Aluminium Metal Limited2.87%
- Cummins India Limited2.63%
Sector exposure
| Mirae Asset Nifty Next 50 ETF | SBI Nifty Next 50 ETF | |
|---|---|---|
| Finance | 12.22% | 9.40% |
| Power | 10.46% | 9.46% |
| Pharmaceuticals & Biotechnology | 6.53% | 8.91% |
| Electrical Equipment | 6.80% | 7.97% |
| Banks | 6.64% | 6.33% |
| Automobiles | 4.43% | 5.13% |
| Petroleum Products | 4.64% | 4.55% |
| Auto Components | 4.08% | 4.62% |
| Beverages | 4.46% | 2.42% |
| Industrial Products | 3.12% | 4.39% |
| Non - Ferrous Metals | 1.05% | 3.98% |
| Chemicals & Petrochemicals | 3.87% | 3.83% |
| Aerospace & Defense | 3.39% | 3.63% |
| Agricultural, Commercial & Construction Vehicles | 3.61% | 3.61% |
Questions people ask
What is the difference between Mirae Asset Nifty Next 50 ETF and SBI Nifty Next 50 ETF returns?
As of 4 Nov 2026, Direct plan Growth option: 1-year return +1.76% vs —; 3-year CAGR +17.27% vs —; 5-year CAGR +11.34% vs —; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do Mirae Asset Nifty Next 50 ETF and SBI Nifty Next 50 ETF compare on risk?
Volatility (36 monthly returns, annualised) 20.04% vs —; Sharpe ratio 0.54 vs —; Sortino ratio 0.81 vs —; maximum drawdown −35.98% vs —; beta 1.29 vs —.
How much do Mirae Asset Nifty Next 50 ETF and SBI Nifty Next 50 ETF overlap?
By weight, 85.9% of the two portfolios is invested in the same companies; 45 stocks are held by both, the largest shared positions being Tata Motors Ltd, Adani Power Limited, Divi's Laboratories Limited. Based on the portfolios disclosed for Jun 2026 and Sep 2026.
What is the large, mid and small cap split of Mirae Asset Nifty Next 50 ETF and SBI Nifty Next 50 ETF?
Mirae Asset Nifty Next 50 ETF: large cap 86.7%, mid cap 13.2%, small cap 0.0%. SBI Nifty Next 50 ETF: large cap 95.3%, mid cap 4.7%, small cap 0.0% (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 Next 50 ETF 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 4 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.