DSP BSE Insurance ETF vs Motilal Oswal Nifty MidSmall Financial Services 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 Nifty MidSmall Financial Services Index Fund is a mutual fund. DSP BSE Insurance ETF charges 45.44% a year and Motilal Oswal Nifty MidSmall Financial Services Index Fund 0.89%. Their portfolios overlap 14.5%: they hold 4 of the same securities.
Motilal Oswal Nifty MidSmall Financial Services Index Fund
- Expense ratio
- 0.89%
- NAV
- ₹13.03
Which is better, DSP BSE Insurance ETF or Motilal Oswal Nifty MidSmall Financial Services 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 Nifty MidSmall Financial Services Index costs less: 0.89% a year against 45.44%.
- DSP BSE Insurance ETF fell less in its worst fall since 30-09-2026: −5.3% against −6.9%.
- DSP BSE Insurance ETF holds more in large companies: 56.4% of the fund in large caps against 8.0%.
- Motilal Oswal Nifty MidSmall Financial Services Index is the larger fund: ₹118 Cr against ₹10 Cr.
- Their portfolios overlap 14.5%: 4 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 Nifty MidSmall Financial Services Index Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | Motilal Oswal Mutual Fund |
| Category | ETF | Not available |
| AUM | ₹10 Cr (30-09-2026) | ₹118 Cr (30-09-2026) |
| NAV | ₹13.99 | ₹13.03 (Direct) |
| Expense ratio (Direct) | Not available | 0.89% |
| Expense ratio (Regular) | Not available | 1.29% |
| Riskometer | Very High | Not available |
| Benchmark | BSE Insurance Index (TRI) | Not available |
| Launch date | 30-09-2026 | Not available |
| Minimum investment | ₹5,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Anil Ghelani, Diipesh Shah, Neha Rathi | Not available |
| Exit load | Nil | Not available |
DSP BSE Insurance ETF vs Motilal Oswal Nifty MidSmall Financial Services 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 Nifty MidSmall Financial Services Index Fund (Direct) | −5.32% | −9.84% | −6.11% | +0.78% | -- | -- | -- |
DSP BSE Insurance ETF vs Motilal Oswal Nifty MidSmall Financial Services Index: Year-wise Returns
| Year | DSP BSE Insurance ETFDSP BSE Insurance ETF | Motilal Oswal Nifty MidSmall Financial Services IndexMotilal Oswal Nifty MidSmall Financial Services Index |
|---|---|---|
| 2026to date | -- | −4.06% |
| 2025 | -- | +30.50% |
DSP BSE Insurance ETF vs Motilal Oswal Nifty MidSmall Financial Services 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 Nifty MidSmall Financial Services Index: Portfolio Overlap
From each fund's latest monthly portfolio: DSP BSE Insurance ETF, September 2026; Motilal Oswal Nifty MidSmall Financial Services Index Fund, September 2026
Holdings in common
- Overlap
- 14.5%
- Held by both
- 4
- Only in DSP BSE Insurance ETF
- 9
- Only in Motilal Oswal Nifty MidSmall Financial Services Index
- 26
| Security | % of DSP BSE Insurance ETF | % of Motilal Oswal Nifty MidSmall Financial Services Index |
|---|---|---|
| Life Insurance Corporation Of India | 16.58% | 5.07% |
| ICICI Lombard General Insurance Co Limited | 11.72% | 3.92% |
| Max Financial Services Limited | 10.93% | 3.69% |
| ICICI Prudential Life Insurance Co Limited | 5.25% | 1.78% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 14.5% means 14.5% 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 |
|---|---|
| SBI Life Insurance Co Limited | 23.09% |
| HDFC Life Insurance Co Limited | 16.72% |
| General Insurance Corporation Of India | 4.05% |
| Star Health And Allied Insurance Co Limited | 3.80% |
| Go Digit General Insurance Limited | 1.96% |
Largest holdings only in Motilal Oswal Nifty MidSmall Financial Services Index Fund
| Security | % of fund |
|---|---|
| Multi Commodity Exchange of India Limited | 8.52% |
| The Federal Bank Limited | 7.93% |
| One 97 Communications Limited | 7.31% |
| IndusInd Bank Limited | 6.01% |
| AU Small Finance Bank Limited | 5.94% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP BSE Insurance ETF | Motilal Oswal Nifty MidSmall Financial Services Index |
|---|---|---|
| Equity | 99.0% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.0% | -0.0% |
Market cap of stocks
| Market cap | DSP BSE Insurance ETF | Motilal Oswal Nifty MidSmall Financial Services Index |
|---|---|---|
| Large Cap | 56.4% | 8.0% |
| Mid Cap | 31.9% | 77.1% |
| Small Cap | 10.7% | 15.0% |
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 Nifty MidSmall Financial Services Index |
|---|---|---|
| Insurance | 99.0% | 14.5% |
| Banks | 0.0% | 35.3% |
| Capital Markets | 0.0% | 22.5% |
| Finance | 0.0% | 16.6% |
| Financial Technology (Fintech) | 0.0% | 11.1% |
The six largest sectors of each fund's stocks, % of the fund.
DSP BSE Insurance ETF vs Motilal Oswal Nifty MidSmall Financial Services Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP BSE Insurance ETF | Motilal Oswal Nifty MidSmall Financial Services Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.89% |
| Base expense ratio (Direct) | 0.25% | 0.55% |
| Total expense ratio (Regular) | Not available | 1.29% |
| 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 Nifty MidSmall Financial Services Index Fund: Frequently Asked Questions
What is the difference between DSP BSE Insurance ETF and Motilal Oswal Nifty MidSmall Financial Services Index Fund?
DSP BSE Insurance ETF is an ETF fund, Motilal Oswal Nifty MidSmall Financial Services Index Fund is a mutual fund, run by DSP Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 14.5%. DSP BSE Insurance ETF charges 45.44% a year and Motilal Oswal Nifty MidSmall Financial Services Index Fund 0.89%.
Which has the lower expense ratio, DSP BSE Insurance ETF or Motilal Oswal Nifty MidSmall Financial Services Index Fund?
Motilal Oswal Nifty MidSmall Financial Services Index Fund charges less: 0.89% a year against 45.44%. These are the total expense ratios reported to AMFI.
How much do DSP BSE Insurance ETF and Motilal Oswal Nifty MidSmall Financial Services Index Fund overlap?
14.5%. They hold 4 of the same securities, the largest shared ones being LICI, ICICIGI, MFSL. From each fund's latest monthly portfolio.
Can I invest in both DSP BSE Insurance ETF and Motilal Oswal Nifty MidSmall Financial Services Index Fund?
Yes. 14.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.