DSP BSE Sensex ETF vs Nippon India ETF BSE Sensex
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
DSP BSE Sensex ETF is an ETF fund and Nippon India ETF BSE Sensex is a mutual fund. In the 3 years to 30-10-2026, DSP BSE Sensex ETF returned 6.2% a year and Nippon India ETF BSE Sensex (Direct) returned 6.3% a year. DSP BSE Sensex ETF charges 0.08% a year and Nippon India ETF BSE Sensex 0.04%. Their portfolios overlap 99.8%: they hold 30 of the same securities.
Nippon India ETF BSE Sensex
- 3 year return
- 6.3%
- Expense ratio
- 0.04%
- NAV
- ₹857.24
Which is better, DSP BSE Sensex ETF or Nippon India ETF BSE Sensex? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Nippon India ETF BSE Sensex returned more over 3 years: 6.3% a year against 6.2%.
- DSP BSE Sensex ETF returned more over 1 year: −10.9% against −11.0%.
- Nippon India ETF BSE Sensex costs less: 0.04% a year against 0.08%.
- DSP BSE Sensex ETF swung less over 3 years: a standard deviation of 13.2% a year against 13.3%.
- DSP BSE Sensex ETF fell less in its worst fall since 27-07-2023: −16.0% against −16.1%.
- Nippon India ETF BSE Sensex is the larger fund: ₹27,771 Cr against ₹4 Cr.
- Their portfolios overlap 99.8%: 30 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 Sensex ETF | Nippon India ETF BSE Sensex |
|---|---|---|
| Fund house | DSP Mutual Fund | Nippon India Mutual Fund |
| Category | ETF | Not available |
| AUM | ₹4 Cr (30-09-2026) | ₹27,771 Cr (30-09-2026) |
| NAV | ₹76.91 | ₹857.24 (Direct) |
| Expense ratio (Direct) | Not available | 0.04% |
| Expense ratio (Regular) | Not available | Not available |
| Riskometer | Very High | Not available |
| Benchmark | BSE SENSEX TRI | Not available |
| Launch date | 27-07-2023 | 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 Sensex ETF vs Nippon India ETF BSE Sensex: 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 Sensex ETF | +2.77% | −4.28% | −2.42% | −10.92% | +6.17% | -- | -- |
| Nippon India ETF BSE Sensex (Direct) | +2.77% | −4.29% | −2.42% | −10.97% | +6.26% | +5.87% | +11.53% |
DSP BSE Sensex ETF vs Nippon India ETF BSE Sensex: Year-wise Returns
| Year | DSP BSE Sensex ETFDSP BSE Sensex ETF | Nippon India ETF BSE SensexNippon India ETF BSE Sensex | BSE SENSEX TRI |
|---|---|---|---|
| 2026to date | −11.82% | −11.85% | −11.81% |
| 2025 | +10.26% | +10.33% | +10.38% |
| 2024 | +9.20% | +9.39% | +9.49% |
| 2023 | -- | +20.36% | +20.33% |
| 2022 | -- | +5.73% | +5.80% |
| 2021 | -- | +23.06% | +23.23% |
DSP BSE Sensex ETF vs Nippon India ETF BSE Sensex: Rolling Returns
Every holding period of both funds, against BSE SENSEX TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 65 of them, one for each trading day from 27-07-2026 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
DSP BSE Sensex ETF
Nippon India ETF BSE Sensex (Direct)
BSE SENSEX TRI
to
Aug 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DSP BSE Sensex ETF | 0.0 | 33.8 | 66.2 | 0.0 | 0.0 | 0.0 | 0.0 | 5.8% | 6.2% | 3.8% | 7.6% | 0% |
| Nippon India ETF BSE Sensex | 0.0 | 29.2 | 70.8 | 0.0 | 0.0 | 0.0 | 0.0 | 5.9% | 6.3% | 3.8% | 7.7% | 0% |
| BSE SENSEX TRI | 0.0 | 27.7 | 72.3 | 0.0 | 0.0 | 0.0 | 0.0 | 6.0% | 6.3% | 3.9% | 7.7% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is BSE SENSEX TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 27-07-2023. Past returns do not promise future returns.
DSP BSE Sensex ETF vs Nippon India ETF BSE Sensex: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 27-07-2023 to 30-10-2026: 40 instalments, ₹4,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| DSP BSE Sensex ETFDSP BSE Sensex ETF | ₹4,00,000 | ₹3,98,766 | −₹1,234 | −0.2% |
| Nippon India ETF BSE SensexNippon India ETF BSE Sensex (Direct) | ₹4,00,000 | ₹3,99,263 | −₹737 | −0.1% |
DSP BSE Sensex ETFDSP BSE Sensex ETF
Nippon India ETF BSE SensexNippon India ETF BSE Sensex (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
DSP BSE Sensex ETF vs Nippon India ETF BSE Sensex: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP BSE Sensex ETF | Nippon India ETF BSE Sensex (Direct) |
|---|---|---|
| Return (CAGR) | −10.92% | −10.97% |
| Standard deviation | 13.97% | 13.99% |
| Sharpe ratio | -1.16 | -1.16 |
| Sortino ratio | -1.55 | -1.55 |
| Maximum drawdown | −16.0% (31-03-2026) | −16.1% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.04% | −0.07% |
From daily NAVs, 30-10-2025 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.
| Measure | DSP BSE Sensex ETF | Nippon India ETF BSE Sensex (Direct) |
|---|---|---|
| Return (CAGR) | +6.17% | +6.26% |
| Standard deviation | 13.25% | 13.26% |
| Sharpe ratio | 0.01 | 0.02 |
| Sortino ratio | 0.01 | 0.02 |
| Maximum drawdown | −16.0% (31-03-2026) | −16.1% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.15% | −0.06% |
From daily NAVs, 30-10-2023 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.
| Measure | DSP BSE Sensex ETF | Nippon India ETF BSE Sensex (Direct) |
|---|---|---|
| Return (CAGR) | +4.70% | +10.19% |
| Standard deviation | 12.95% | 15.93% |
| Sharpe ratio | -0.11 | 0.28 |
| Sortino ratio | -0.15 | 0.38 |
| Maximum drawdown | −16.0% (31-03-2026) | −37.8% (23-03-2020) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.15% | −0.07% |
From daily NAVs, 27-07-2023 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 Sensex ETF
Nippon India ETF BSE Sensex (Direct)
BSE SENSEX TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP BSE Sensex ETF | −16.0% | 02-01-2026 | 31-03-2026 | Not yet | -- | −12.4% |
| Nippon India ETF BSE Sensex (Direct) | −16.1% | 02-01-2026 | 31-03-2026 | Not yet | -- | −12.4% |
| BSE SENSEX TRI | −16.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −12.4% |
From daily values since 27-07-2023, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
DSP BSE Sensex ETF
Nippon India ETF BSE Sensex (Direct)
BSE SENSEX TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
DSP BSE Sensex ETF
Nippon India ETF BSE Sensex (Direct)
BSE SENSEX TRI
Against BSE SENSEX TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| DSP BSE Sensex ETF | 99% | 100% | 0.05% |
| Nippon India ETF BSE Sensex (Direct) | 100% | 100% | 0.04% |
From month-end values since 27-07-2023. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
DSP BSE Sensex ETF vs Nippon India ETF BSE Sensex: Portfolio Overlap
From each fund's latest monthly portfolio: DSP BSE Sensex ETF, September 2026; Nippon India ETF BSE Sensex, September 2026
Holdings in common
- Overlap
- 99.8%
- Held by both
- 30
- Only in DSP BSE Sensex ETF
- 0
- Only in Nippon India ETF BSE Sensex
- 0
| Security | % of DSP BSE Sensex ETF | % of Nippon India ETF BSE Sensex |
|---|---|---|
| HDFC Bank Limited | 12.57% | 12.59% |
| ICICI Bank Limited | 11.02% | 11.03% |
| Reliance Industries Limited | 9.14% | 9.15% |
| Bharti Airtel Limited | 6.37% | 6.38% |
| Larsen & Toubro Limited | 5.10% | 5.11% |
| State Bank of India | 4.63% | 4.64% |
| Infosys Limited | 4.08% | 4.08% |
| Axis Bank Limited | 4.08% | 4.08% |
| Kotak Mahindra Bank Limited | 3.57% | 3.57% |
| Mahindra & Mahindra Limited | 3.06% | 3.07% |
| Bajaj Finance Limited | 2.99% | 2.99% |
| ITC Limited | 2.95% | 2.96% |
| Eternal Limited | 2.69% | 2.69% |
| Tata Consultancy Services Limited | 2.42% | 2.41% |
| Sun Pharmaceutical Industries Limited | 2.29% | 2.28% |
| Titan Co Limited | 2.16% | 2.18% |
| Hindustan Unilever Limited | 1.95% | 1.95% |
| NTPC Limited | 1.78% | 1.78% |
| Tata Steel Limited | 1.77% | 1.77% |
| Maruti Suzuki India Limited | 1.76% | 1.79% |
| Adani Ports and Special Economic Zone Limited | 1.63% | 1.63% |
| Bharat Electronics Limited | 1.62% | 1.62% |
| HCL Technologies Limited | 1.51% | 1.51% |
| Ultratech Cement Limited | 1.47% | 1.50% |
| Power Grid Corporation of India Limited | 1.38% | 1.38% |
| Interglobe Aviation Limited | 1.28% | 1.30% |
| Asian Paints Limited | 1.26% | 1.26% |
| Tech Mahindra Limited | 1.13% | 1.14% |
| Bajaj Finserv Limited | 1.13% | 1.13% |
| Trent Limited | 1.02% | 1.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 99.8% means 99.8% 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 Sensex ETF
Every holding of this fund is also held by the other.
Largest holdings only in Nippon India ETF BSE Sensex
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 | DSP BSE Sensex ETF | Nippon India ETF BSE Sensex |
|---|---|---|
| Equity | 99.8% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.2% | 0.0% |
Market cap of stocks
| Market cap | DSP BSE Sensex ETF | Nippon India ETF BSE Sensex |
|---|---|---|
| Large Cap | 99.8% | 100.0% |
| Mid Cap | 0.0% | 0.0% |
| 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 | DSP BSE Sensex ETF | Nippon India ETF BSE Sensex |
|---|---|---|
| Banks | 35.9% | 35.9% |
| Petroleum Products | 9.1% | 9.2% |
| IT - Software | 9.1% | 9.1% |
| Telecom - Services | 6.4% | 6.4% |
| Construction | 5.1% | 5.1% |
| Diversified FMCG | 4.9% | 4.9% |
The six largest sectors of each fund's stocks, % of the fund.
DSP BSE Sensex ETF vs Nippon India ETF BSE Sensex: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP BSE Sensex ETF | Nippon India ETF BSE Sensex |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.04% |
| Base expense ratio (Direct) | 0.06% | 0.03% |
| Base expense ratio (Regular) | 0.00% | 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.
DSP BSE Sensex ETF vs Nippon India ETF BSE Sensex: Frequently Asked Questions
What is the difference between DSP BSE Sensex ETF and Nippon India ETF BSE Sensex?
DSP BSE Sensex ETF is an ETF fund, Nippon India ETF BSE Sensex is a mutual fund, run by DSP Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 99.8%. DSP BSE Sensex ETF charges 0.08% a year and Nippon India ETF BSE Sensex 0.04%.
Which has given higher returns, DSP BSE Sensex ETF or Nippon India ETF BSE Sensex?
Over 1 year: DSP BSE Sensex ETF −10.92%, Nippon India ETF BSE Sensex −10.97%. Over 3 years: DSP BSE Sensex ETF +6.17% a year, Nippon India ETF BSE Sensex +6.26% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, DSP BSE Sensex ETF or Nippon India ETF BSE Sensex?
Nippon India ETF BSE Sensex charges less: 0.04% a year against 0.08%. These are the total expense ratios reported to AMFI.
How much do DSP BSE Sensex ETF and Nippon India ETF BSE Sensex overlap?
99.8%. They hold 30 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is better for SIP, DSP BSE Sensex ETF or Nippon India ETF BSE Sensex?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,63,827 in DSP BSE Sensex ETF (XIRR -1.1% a year) and ₹3,64,011 in Nippon India ETF BSE Sensex (XIRR -1.0% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both DSP BSE Sensex ETF and Nippon India ETF BSE Sensex?
Yes. 99.8% of each fund's money sits in the same holdings, so a large part 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.