Choice Nifty 50 Index Fund vs DSP Nifty 50 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Choice Nifty 50 Index Fund is an Index fund and DSP Nifty 50 ETF is an ETF fund. Choice Nifty 50 Index Fund charges 0.68% a year and DSP Nifty 50 ETF 0.08%. Their portfolios overlap 99.9%: they hold 50 of the same securities.
Which is better, Choice Nifty 50 Index or DSP Nifty 50 ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- DSP Nifty 50 ETF costs less: 0.08% a year against 0.68%.
- DSP Nifty 50 ETF fell less in its worst fall since 09-04-2026: −10.2% against −10.3%.
- DSP Nifty 50 ETF is the larger fund: ₹206 Cr against ₹15 Cr.
- Their portfolios overlap 99.9%: 50 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 | Choice Nifty 50 Index Fund | DSP Nifty 50 ETF |
|---|---|---|
| Fund house | Choice Mutual Fund | DSP Mutual Fund |
| Category | Index | ETF |
| AUM | ₹15 Cr (30-09-2026) | ₹206 Cr (30-09-2026) |
| NAV | ₹9.98 (Direct) | ₹243.30 |
| Expense ratio (Direct) | 0.68% | Not available |
| Expense ratio (Regular) | 0.98% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 50 TRI | Nifty 50 TRI |
| Launch date | 10-04-2026 | 23-12-2021 |
| Minimum investment | Initial investment (including switch-ins) - Rs. 1000/- | ₹5,000 |
| Lock in | None | None |
| Fund managers | 1 Mr. Rochan Pattnayak, Khushi Sancheti, Diksha Upadhyay | Anil Ghelani, Diipesh Shah, Neha Rathi |
| Exit load | Nil | Nil |
Choice Nifty 50 Index vs DSP Nifty 50 ETF: 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 |
|---|---|---|---|---|---|---|---|
| Choice Nifty 50 Index Fund (Direct) | +1.93% | −5.09% | −3.36% | -- | -- | -- | -- |
| DSP Nifty 50 ETF | +1.95% | −4.99% | −3.12% | −9.99% | +7.57% | -- | -- |
Choice Nifty 50 Index vs DSP Nifty 50 ETF: Year-wise Returns
| Year | Choice Nifty 50 IndexChoice Nifty 50 Index | DSP Nifty 50 ETFDSP Nifty 50 ETF | Nifty 50 TRI |
|---|---|---|---|
| 2026to date | -- | −10.90% | −10.91% |
| 2025 | -- | +11.83% | +11.88% |
| 2024 | -- | +9.98% | +10.09% |
| 2023 | -- | +21.26% | +21.30% |
| 2022 | -- | +5.61% | +5.69% |
Choice Nifty 50 Index vs DSP Nifty 50 ETF: Rolling Returns
Every holding period of both funds, against Nifty 50 TRI, the benchmark of both
Choice Nifty 50 Index vs DSP Nifty 50 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Choice Nifty 50 Index Fund (Direct) | DSP Nifty 50 ETF |
|---|---|---|
| Return (CAGR) | −4.27% | +7.57% |
| Standard deviation | 11.94% | 13.57% |
| Sharpe ratio | -0.80 | 0.13 |
| Sortino ratio | -1.11 | 0.17 |
| Maximum drawdown | −10.3% (08-10-2026) | −15.8% (17-06-2022) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.38% | −0.07% |
From daily NAVs, 09-04-2026 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.
Choice Nifty 50 Index Fund (Direct)
DSP Nifty 50 ETF
Nifty 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Choice Nifty 50 Index Fund (Direct) | −10.3% | 03-08-2026 | 08-10-2026 | Not yet | -- | −6.9% |
| DSP Nifty 50 ETF | −10.2% | 03-08-2026 | 08-10-2026 | Not yet | -- | −6.8% |
| Nifty 50 TRI | −10.2% | 03-08-2026 | 08-10-2026 | Not yet | -- | −6.8% |
From daily values since 09-04-2026, the first day every fund has.
Choice Nifty 50 Index vs DSP Nifty 50 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Choice Nifty 50 Index Fund, September 2026; DSP Nifty 50 ETF, September 2026
Holdings in common
- Overlap
- 99.9%
- Held by both
- 50
- Only in Choice Nifty 50 Index
- 0
- Only in DSP Nifty 50 ETF
- 0
| Security | % of Choice Nifty 50 Index | % of DSP Nifty 50 ETF |
|---|---|---|
| HDFC Bank Ltd. | 10.37% | 10.37% |
| ICICI Bank Ltd. | 9.04% | 9.04% |
| Reliance Industries Ltd. | 7.57% | 7.58% |
| Bharti Airtel Ltd. | 5.10% | 5.10% |
| Larsen & Toubro Ltd. | 4.20% | 4.20% |
| State Bank of India | 3.78% | 3.79% |
| Axis Bank Ltd. | 3.36% | 3.36% |
| Infosys Ltd. | 3.35% | 3.35% |
| Kotak Mahindra Bank Ltd. | 2.93% | 2.93% |
| Mahindra & Mahindra Ltd. | 2.51% | 2.52% |
| Bajaj Finance Ltd. | 2.50% | 2.50% |
| ITC Ltd. | 2.42% | 2.42% |
| Eternal Ltd. | 2.21% | 2.21% |
| Tata Consultancy Services Ltd. | 2.00% | 2.00% |
| Sun Pharmaceutical Industries Ltd. | 1.84% | 1.84% |
| Titan Company Ltd. | 1.81% | 1.81% |
| Hindustan Unilever Ltd. | 1.59% | 1.59% |
| Maruti Suzuki India Ltd. | 1.49% | 1.49% |
| NTPC Ltd. | 1.46% | 1.46% |
| Tata Steel Ltd. | 1.46% | 1.46% |
| Adani Ports and Special Economic Zone Ltd. | 1.34% | 1.35% |
| Bharat Electronics Ltd. | 1.33% | 1.33% |
| Shriram Finance Ltd. | 1.31% | 1.31% |
| Hindalco Industries Ltd. | 1.30% | 1.30% |
| HCL Technologies Ltd. | 1.24% | 1.24% |
| Ultratech Cement Ltd. | 1.23% | 1.24% |
| BSE Ltd. | 1.20% | 1.21% |
| JSW Steel Ltd. | 1.15% | 1.15% |
| Bajaj Auto Ltd. | 1.13% | 1.13% |
| Power Grid Corporation of India Ltd. | 1.13% | 1.13% |
| Grasim Industries Ltd. | 1.10% | 1.10% |
| Interglobe Aviation Ltd. | 1.08% | 1.08% |
| Asian Paints Ltd. | 1.04% | 1.04% |
| Coal India Ltd. | 0.97% | 0.97% |
| Bajaj Finserv Ltd. | 0.96% | 0.96% |
| Adani Enterprises Ltd. | 0.94% | 0.94% |
| Eicher Motors Ltd. | 0.94% | 0.94% |
| Tech Mahindra Ltd. | 0.92% | 0.92% |
| Nestle India Ltd. | 0.90% | 0.90% |
| Oil & Natural Gas Corporation Ltd. | 0.84% | 0.84% |
| Trent Ltd. | 0.83% | 0.83% |
| Apollo Hospitals Enterprise Ltd. | 0.80% | 0.80% |
| SBI Life Insurance Co. Ltd. | 0.73% | 0.73% |
| Dr. Reddy's Laboratories Ltd. | 0.72% | 0.72% |
| Cipla Ltd. | 0.72% | 0.72% |
| Jio Financial Services Ltd. | 0.68% | 0.68% |
| Max Healthcare Institute Ltd. | 0.66% | 0.66% |
| Tata Consumer Products Ltd. | 0.59% | 0.59% |
| Tata Motors Passenger Vehicles Ltd. | 0.57% | 0.57% |
| HDFC Life Insurance Company Ltd. | 0.53% | 0.54% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 99.9% means 99.9% 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 Choice Nifty 50 Index Fund
Every holding of this fund is also held by the other.
Largest holdings only in DSP Nifty 50 ETF
Every holding of this fund is also held by the other.
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Choice Nifty 50 Index | DSP Nifty 50 ETF |
|---|---|---|
| Equity | 99.9% | 99.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.1% | 0.1% |
Market cap of stocks
| Market cap | Choice Nifty 50 Index | DSP Nifty 50 ETF |
|---|---|---|
| Large Cap | 98.5% | 98.6% |
| Mid Cap | 1.4% | 1.4% |
| Small Cap | 0.0% | 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 | Choice Nifty 50 Index | DSP Nifty 50 ETF |
|---|---|---|
| Banks | 29.5% | 29.5% |
| Petroleum Products | 7.6% | 7.6% |
| IT - Software | 7.5% | 7.5% |
| Automobiles | 6.6% | 6.7% |
| Finance | 5.5% | 5.5% |
| Telecom - Services | 5.1% | 5.1% |
The six largest sectors of each fund's stocks, % of the fund.
Choice Nifty 50 Index vs DSP Nifty 50 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Choice Nifty 50 Index Fund | DSP Nifty 50 ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.68% | Not available |
| Base expense ratio (Direct) | 0.13% | 0.06% |
| Total expense ratio (Regular) | 0.98% | Not available |
| Base expense ratio (Regular) | 0.38% | 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.
Choice Nifty 50 Index Fund vs DSP Nifty 50 ETF: Frequently Asked Questions
What is the difference between Choice Nifty 50 Index Fund and DSP Nifty 50 ETF?
Choice Nifty 50 Index Fund is an Index fund, DSP Nifty 50 ETF is an ETF fund, run by Choice Mutual Fund and DSP Mutual Fund. Their portfolios overlap 99.9%. Choice Nifty 50 Index Fund charges 0.68% a year and DSP Nifty 50 ETF 0.08%.
Which has the lower expense ratio, Choice Nifty 50 Index Fund or DSP Nifty 50 ETF?
DSP Nifty 50 ETF charges less: 0.08% a year against 0.68%. These are the total expense ratios reported to AMFI.
How much do Choice Nifty 50 Index Fund and DSP Nifty 50 ETF overlap?
99.9%. They hold 50 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Choice Nifty 50 Index Fund or DSP Nifty 50 ETF?
On SEBI's riskometer, Choice Nifty 50 Index Fund is rated Very High and DSP Nifty 50 ETF Very High. Over their common history, the standard deviation of daily returns was 11.94% and 13.57% a year.
Can I invest in both Choice Nifty 50 Index Fund and DSP Nifty 50 ETF?
Yes. 99.9% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Choice Nifty 50 Index Fund and DSP Nifty 50 ETF?
Choice Nifty 50 Index Fund: 1 Mr. Rochan Pattnayak, Khushi Sancheti, Diksha Upadhyay. DSP Nifty 50 ETF: Anil Ghelani, Diipesh Shah, Neha Rathi.
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.