DSP BSE MidSmall Private Banks 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 MidSmall Private Banks ETF is a mutual fund and Motilal Oswal Nifty MidSmall Financial Services Index Fund is a mutual fund. DSP BSE MidSmall Private Banks ETF charges 0.52% a year and Motilal Oswal Nifty MidSmall Financial Services Index Fund 0.89%. Their portfolios overlap 30.8%: they hold 6 of the same securities.
Motilal Oswal Nifty MidSmall Financial Services Index Fund
- Expense ratio
- 0.89%
- NAV
- ₹13.03
Which is better, DSP BSE MidSmall Private Banks 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.
- DSP BSE MidSmall Private Banks ETF costs less: 0.52% a year against 0.89%.
- DSP BSE MidSmall Private Banks ETF fell less in its worst fall since 03-08-2026: −13.2% against −13.8%.
- Motilal Oswal Nifty MidSmall Financial Services Index is the larger fund: ₹118 Cr against ₹82 Cr.
- Their portfolios overlap 30.8%: 6 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 MidSmall Private Banks ETF | Motilal Oswal Nifty MidSmall Financial Services Index Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Not available | Not available |
| AUM | ₹82 Cr (30-09-2026) | ₹118 Cr (30-09-2026) |
| NAV | ₹15.25 | ₹13.03 (Direct) |
| Expense ratio (Direct) | Not available | 0.89% |
| Expense ratio (Regular) | Not available | 1.29% |
| Riskometer | Not available | Not available |
| Benchmark | Not available | Not available |
| Launch date | Not available | Not available |
| Minimum investment | Not available | Not available |
| Lock in | Not available | Not available |
| Fund managers | Not available | Not available |
| Exit load | Not available | Not available |
DSP BSE MidSmall Private Banks 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 MidSmall Private Banks ETF | −7.45% | -- | -- | -- | -- | -- | -- |
| Motilal Oswal Nifty MidSmall Financial Services Index Fund (Direct) | −5.32% | −9.84% | −6.11% | +0.78% | -- | -- | -- |
DSP BSE MidSmall Private Banks ETF vs Motilal Oswal Nifty MidSmall Financial Services Index: Year-wise Returns
| Year | DSP BSE MidSmall Private Banks ETFDSP BSE MidSmall Private Banks ETF | Motilal Oswal Nifty MidSmall Financial Services IndexMotilal Oswal Nifty MidSmall Financial Services Index |
|---|---|---|
| 2026to date | -- | −4.06% |
| 2025 | -- | +30.50% |
DSP BSE MidSmall Private Banks ETF vs Motilal Oswal Nifty MidSmall Financial Services Index: Rolling Returns
Every holding period of both funds, against BSE MidSmall Private Banks TRI, the benchmark of DSP BSE MidSmall Private Banks ETF
DSP BSE MidSmall Private Banks ETF vs Motilal Oswal Nifty MidSmall Financial Services Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP BSE MidSmall Private Banks ETF | Motilal Oswal Nifty MidSmall Financial Services Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −41.22% | +13.57% |
| Standard deviation | 16.96% | 21.10% |
| Sharpe ratio | -2.74 | 0.38 |
| Sortino ratio | -3.13 | 0.54 |
| Maximum drawdown | −13.2% (30-10-2026) | −19.9% (13-03-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.18% | −0.90% |
From daily NAVs, 03-08-2026 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.
DSP BSE MidSmall Private Banks ETF
Motilal Oswal Nifty MidSmall Financial Services Index Fund (Direct)
BSE MidSmall Private Banks TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP BSE MidSmall Private Banks ETF | −13.2% | 21-08-2026 | 30-10-2026 | Not yet | -- | −13.2% |
| Motilal Oswal Nifty MidSmall Financial Services Index Fund (Direct) | −13.8% | 26-08-2026 | 23-10-2026 | Not yet | -- | −13.6% |
| BSE MidSmall Private Banks TRI | −13.2% | 21-08-2026 | 30-10-2026 | Not yet | -- | −13.2% |
From daily values since 03-08-2026, the first day every fund has.
DSP BSE MidSmall Private Banks ETF vs Motilal Oswal Nifty MidSmall Financial Services Index: Portfolio Overlap
From each fund's latest monthly portfolio: DSP BSE MidSmall Private Banks ETF, September 2026; Motilal Oswal Nifty MidSmall Financial Services Index Fund, September 2026
Holdings in common
- Overlap
- 30.8%
- Held by both
- 6
- Only in DSP BSE MidSmall Private Banks ETF
- 12
- Only in Motilal Oswal Nifty MidSmall Financial Services Index
- 24
| Security | % of DSP BSE MidSmall Private Banks ETF | % of Motilal Oswal Nifty MidSmall Financial Services Index |
|---|---|---|
| Federal Bank Limited | 17.33% | 7.93% |
| IndusInd Bank Limited | 12.96% | 6.01% |
| AU Small Finance Bank Limited | 12.59% | 5.94% |
| IDFC First Bank Limited | 11.93% | 5.47% |
| Yes Bank Limited | 8.12% | 3.72% |
| Bandhan Bank Limited | 3.87% | 1.78% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 30.8% means 30.8% 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 MidSmall Private Banks ETF
| Security | % of fund |
|---|---|
| Karur Vysya Bank Limited | 6.68% |
| RBL Bank Limited | 5.53% |
| City Union Bank Limited | 4.74% |
| Ujjivan Small Finance Bank Limited | 2.81% |
| The South Indian Bank Limited | 2.76% |
Largest holdings only in Motilal Oswal Nifty MidSmall Financial Services Index Fund
| Security | % of fund |
|---|---|
| Multi Commodity Exchange of India Limited | 8.52% |
| One 97 Communications Limited | 7.31% |
| Life Insurance Corporation Of India | 5.07% |
| ICICI Lombard General Insurance Company Limited | 3.92% |
| PB Fintech Limited | 3.82% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP BSE MidSmall Private Banks ETF | Motilal Oswal Nifty MidSmall Financial Services Index |
|---|---|---|
| Equity | 100.0% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | -0.0% |
Market cap of stocks
| Market cap | DSP BSE MidSmall Private Banks ETF | Motilal Oswal Nifty MidSmall Financial Services Index |
|---|---|---|
| Large Cap | 0.0% | 8.0% |
| Mid Cap | 62.9% | 77.1% |
| Small Cap | 37.0% | 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 MidSmall Private Banks ETF | Motilal Oswal Nifty MidSmall Financial Services Index |
|---|---|---|
| Banks | 100.0% | 35.3% |
| Capital Markets | 0.0% | 22.5% |
| Finance | 0.0% | 16.6% |
| Insurance | 0.0% | 14.5% |
| Financial Technology (Fintech) | 0.0% | 11.1% |
The six largest sectors of each fund's stocks, % of the fund.
DSP BSE MidSmall Private Banks 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 MidSmall Private Banks ETF | Motilal Oswal Nifty MidSmall Financial Services Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.89% |
| Base expense ratio (Direct) | 0.17% | 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 MidSmall Private Banks ETF vs Motilal Oswal Nifty MidSmall Financial Services Index Fund: Frequently Asked Questions
What is the difference between DSP BSE MidSmall Private Banks ETF and Motilal Oswal Nifty MidSmall Financial Services Index Fund?
DSP BSE MidSmall Private Banks ETF is a mutual 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 30.8%. DSP BSE MidSmall Private Banks ETF charges 0.52% a year and Motilal Oswal Nifty MidSmall Financial Services Index Fund 0.89%.
Which has the lower expense ratio, DSP BSE MidSmall Private Banks ETF or Motilal Oswal Nifty MidSmall Financial Services Index Fund?
DSP BSE MidSmall Private Banks ETF charges less: 0.52% a year against 0.89%. These are the total expense ratios reported to AMFI.
How much do DSP BSE MidSmall Private Banks ETF and Motilal Oswal Nifty MidSmall Financial Services Index Fund overlap?
30.8%. They hold 6 of the same securities, the largest shared ones being FEDERALBNK, INDUSINDBK, AUBANK. From each fund's latest monthly portfolio.
Can I invest in both DSP BSE MidSmall Private Banks ETF and Motilal Oswal Nifty MidSmall Financial Services Index Fund?
Yes. 30.8% 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.