DSP BSE Insurance ETF vs Motilal Oswal BSE Financials ex Bank 30 Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
DSP BSE Insurance ETF is an ETF fund and Motilal Oswal BSE Financials ex Bank 30 Index Fund is an Index fund. DSP BSE Insurance ETF charges 45.44% a year and Motilal Oswal BSE Financials ex Bank 30 Index Fund 0.54%. Their portfolios overlap 19.2%: they hold 7 of the same securities.
Motilal Oswal BSE Financials ex Bank 30 Index Fund
Index
- Expense ratio
- 0.54%
- NAV
- ₹15.73
Which is better, DSP BSE Insurance ETF or Motilal Oswal BSE Financials ex Bank 30 Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Motilal Oswal BSE Financials ex Bank 30 Index costs less: 0.54% a year against 45.44%.
- DSP BSE Insurance ETF fell less in its worst fall since 30-09-2026: −5.3% against −7.1%.
- Motilal Oswal BSE Financials ex Bank 30 Index is the larger fund: ₹30 Cr against ₹10 Cr.
- Their portfolios overlap 19.2%: 7 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 | DSP BSE Insurance ETF | Motilal Oswal BSE Financials ex Bank 30 Index Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | Motilal Oswal Mutual Fund |
| Category | ETF | Index |
| AUM | ₹10 Cr (30-09-2026) | ₹30 Cr (30-09-2026) |
| NAV | ₹13.99 | ₹15.73 (Direct) |
| Expense ratio (Direct) | Not available | 0.54% |
| Expense ratio (Regular) | Not available | 1.12% |
| Riskometer | Very High | Very High |
| Benchmark | BSE Insurance Index (TRI) | BSE Financials ex Bank 30 TRI |
| Launch date | 30-09-2026 | 29-07-2022 |
| Minimum investment | ₹5,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Anil Ghelani, Diipesh Shah, Neha Rathi | Swapnil Mayekar, Abhiroop Mukherjee |
| Exit load | Nil | Exit load-1%- If redeemed within 15 days from the date of allotment. |
DSP BSE Insurance ETF vs Motilal Oswal BSE Financials ex Bank 30 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 |
|---|---|---|---|---|---|---|---|
| DSP BSE Insurance ETF | −3.35% | -- | -- | -- | -- | -- | -- |
| Motilal Oswal BSE Financials ex Bank 30 Index Fund (Direct) | −5.12% | −11.92% | −8.09% | −13.20% | +9.69% | -- | -- |
DSP BSE Insurance ETF vs Motilal Oswal BSE Financials ex Bank 30 Index: Year-wise Returns
| Year | DSP BSE Insurance ETFDSP BSE Insurance ETF | Motilal Oswal BSE Financials ex Bank 30 IndexMotilal Oswal BSE Financials ex Bank 30 Index |
|---|---|---|
| 2026to date | -- | −14.46% |
| 2025 | -- | +22.64% |
| 2024 | -- | +13.25% |
| 2023 | -- | +32.46% |
DSP BSE Insurance ETF vs Motilal Oswal BSE Financials ex Bank 30 Index: Rolling Returns
Every holding period of both funds, against BSE Insurance TRI, the benchmark of DSP BSE Insurance ETF
DSP BSE Insurance ETF vs Motilal Oswal BSE Financials ex Bank 30 Index: Portfolio Overlap
From each fund's latest monthly portfolio: DSP BSE Insurance ETF, September 2026; Motilal Oswal BSE Financials ex Bank 30 Index Fund, September 2026
Holdings in common
- Overlap
- 19.2%
- Held by both
- 7
- Only in DSP BSE Insurance ETF
- 6
- Only in Motilal Oswal BSE Financials ex Bank 30 Index
- 23
| Security | % of DSP BSE Insurance ETF | % of Motilal Oswal BSE Financials ex Bank 30 Index |
|---|---|---|
| SBI Life Insurance Co Limited | 23.09% | 5.01% |
| HDFC Life Insurance Co Limited | 16.72% | 3.63% |
| Life Insurance Corporation Of India | 16.58% | 3.60% |
| ICICI Lombard General Insurance Co Limited | 11.72% | 2.54% |
| Max Financial Services Limited | 10.93% | 2.37% |
| ICICI Prudential Life Insurance Co Limited | 5.25% | 1.14% |
| General Insurance Corporation Of India | 4.05% | 0.88% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 19.2% means 19.2% 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 DSP BSE Insurance ETF
| Security | % of fund |
|---|---|
| Star Health And Allied Insurance Co Limited | 3.80% |
| Go Digit General Insurance Limited | 1.96% |
| Canara HSBC Life Insurance Co Limited | 1.63% |
| Niva Bupa Health Insurance Co Limited | 1.42% |
| The New India Assurance Co Limited | 1.25% |
Largest holdings only in Motilal Oswal BSE Financials ex Bank 30 Index Fund
| Security | % of fund |
|---|---|
| Bajaj Finance Ltd | 15.93% |
| Shriram Finance Limited | 8.96% |
| Bajaj Finserv Limited | 6.37% |
| Multi Commodity Exchange of India Limited | 5.52% |
| One 97 Communications Limited | 4.72% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP BSE Insurance ETF | Motilal Oswal BSE Financials ex Bank 30 Index |
|---|---|---|
| Equity | 99.0% | 99.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.0% | 0.1% |
Market cap of stocks
| Market cap | DSP BSE Insurance ETF | Motilal Oswal BSE Financials ex Bank 30 Index |
|---|---|---|
| Large Cap | 56.4% | 65.0% |
| Mid Cap | 31.9% | 33.9% |
| Small Cap | 10.7% | 1.0% |
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 | DSP BSE Insurance ETF | Motilal Oswal BSE Financials ex Bank 30 Index |
|---|---|---|
| Insurance | 99.0% | 19.2% |
| Finance | 0.0% | 62.0% |
| Capital Markets | 0.0% | 11.6% |
| Financial Technology (Fintech) | 0.0% | 7.2% |
The six largest sectors of each fund's stocks, % of the fund.
DSP BSE Insurance ETF vs Motilal Oswal BSE Financials ex Bank 30 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP BSE Insurance ETF | Motilal Oswal BSE Financials ex Bank 30 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.54% |
| Base expense ratio (Direct) | 0.25% | 0.37% |
| Total expense ratio (Regular) | Not available | 1.12% |
| Base expense ratio (Regular) | 0.00% | 0.90% |
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.
DSP BSE Insurance ETF vs Motilal Oswal BSE Financials ex Bank 30 Index Fund: Frequently Asked Questions
What is the difference between DSP BSE Insurance ETF and Motilal Oswal BSE Financials ex Bank 30 Index Fund?
DSP BSE Insurance ETF is an ETF fund, Motilal Oswal BSE Financials ex Bank 30 Index Fund is an Index fund, run by DSP Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 19.2%. DSP BSE Insurance ETF charges 45.44% a year and Motilal Oswal BSE Financials ex Bank 30 Index Fund 0.54%.
Which has the lower expense ratio, DSP BSE Insurance ETF or Motilal Oswal BSE Financials ex Bank 30 Index Fund?
Motilal Oswal BSE Financials ex Bank 30 Index Fund charges less: 0.54% a year against 45.44%. These are the total expense ratios reported to AMFI.
How much do DSP BSE Insurance ETF and Motilal Oswal BSE Financials ex Bank 30 Index Fund overlap?
19.2%. They hold 7 of the same securities, the largest shared ones being SBILIFE, HDFCLIFE, LICI. From each fund's latest monthly portfolio.
Which is riskier, DSP BSE Insurance ETF or Motilal Oswal BSE Financials ex Bank 30 Index Fund?
On SEBI's riskometer, DSP BSE Insurance ETF is rated Very High and Motilal Oswal BSE Financials ex Bank 30 Index Fund Very High.
Can I invest in both DSP BSE Insurance ETF and Motilal Oswal BSE Financials ex Bank 30 Index Fund?
Yes. 19.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages DSP BSE Insurance ETF and Motilal Oswal BSE Financials ex Bank 30 Index Fund?
DSP BSE Insurance ETF: Anil Ghelani, Diipesh Shah, Neha Rathi. Motilal Oswal BSE Financials ex Bank 30 Index Fund: Swapnil Mayekar, Abhiroop Mukherjee.
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.