DSP BSE Sensex ETF vs UTI BSE Sensex Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
DSP BSE Sensex ETF is an ETF fund and UTI BSE Sensex Index Fund is an Index fund. In the 3 years to 30-10-2026, DSP BSE Sensex ETF returned 6.2% a year and UTI BSE Sensex Index Fund (Direct) returned 6.1% a year. DSP BSE Sensex ETF charges 0.08% a year and UTI BSE Sensex Index Fund 0.23%. Their portfolios overlap 99.8%: they hold 30 of the same securities.
UTI BSE Sensex Index Fund
Index
- 3 year return
- 6.1%
- Expense ratio
- 0.23%
- NAV
- ₹13.47
Which is better, DSP BSE Sensex ETF or UTI BSE Sensex 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 Sensex ETF returned more over 3 years: 6.2% a year against 6.1%.
- DSP BSE Sensex ETF returned more over 1 year: −10.9% against −11.1%.
- DSP BSE Sensex ETF costs less: 0.08% a year against 0.23%.
- UTI BSE Sensex Index swung less over 3 years: a standard deviation of 13.2% a year against 13.2%.
- DSP BSE Sensex ETF fell less in its worst fall since 27-07-2023: −16.0% against −16.1%.
- UTI BSE Sensex Index is the larger fund: ₹184 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 | UTI BSE Sensex Index Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | UTI Mutual Fund |
| Category | ETF | Index |
| AUM | ₹4 Cr (30-09-2026) | ₹184 Cr (30-09-2026) |
| NAV | ₹76.91 | ₹13.47 (Direct) |
| Expense ratio (Direct) | Not available | 0.23% |
| Expense ratio (Regular) | Not available | 0.31% |
| Riskometer | Very High | Very High |
| Benchmark | BSE SENSEX TRI | BSE SENSEX TRI |
| Launch date | 27-07-2023 | 31-01-2022 |
| Minimum investment | ₹5,000 | Direct Plan-Growth-Rs.1000, Regular Plan-Growth-Rs.1000 |
| Lock in | None | None |
| Fund managers | Anil Ghelani, Diipesh Shah, Neha Rathi | Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3 |
| Exit load | Nil | Nil |
DSP BSE Sensex ETF vs UTI BSE Sensex 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 Sensex ETF | +2.77% | −4.28% | −2.42% | −10.92% | +6.17% | -- | -- |
| UTI BSE Sensex Index Fund (Direct) | +2.75% | −4.34% | −2.51% | −11.11% | +6.06% | -- | -- |
DSP BSE Sensex ETF vs UTI BSE Sensex Index: Year-wise Returns
| Year | DSP BSE Sensex ETFDSP BSE Sensex ETF | UTI BSE Sensex IndexUTI BSE Sensex Index | BSE SENSEX TRI |
|---|---|---|---|
| 2026to date | −11.82% | −11.98% | −11.81% |
| 2025 | +10.26% | +10.16% | +10.38% |
| 2024 | +9.20% | +9.16% | +9.49% |
| 2023 | -- | +19.95% | +20.33% |
DSP BSE Sensex ETF vs UTI BSE Sensex Index: 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
UTI BSE Sensex Index Fund (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% |
| UTI BSE Sensex Index | 0.0 | 36.9 | 63.1 | 0.0 | 0.0 | 0.0 | 0.0 | 5.7% | 6.1% | 3.6% | 7.5% | 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 UTI BSE Sensex Index: 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% |
| UTI BSE Sensex IndexUTI BSE Sensex Index Fund (Direct) | ₹4,00,000 | ₹3,97,954 | −₹2,046 | −0.3% |
DSP BSE Sensex ETFDSP BSE Sensex ETF
UTI BSE Sensex IndexUTI BSE Sensex Index Fund (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 UTI BSE Sensex Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP BSE Sensex ETF | UTI BSE Sensex Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.92% | −11.11% |
| Standard deviation | 13.97% | 13.83% |
| Sharpe ratio | -1.16 | -1.18 |
| Sortino ratio | -1.55 | -1.58 |
| Maximum drawdown | −16.0% (31-03-2026) | −16.1% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.04% | −0.21% |
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 | UTI BSE Sensex Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.17% | +6.06% |
| Standard deviation | 13.25% | 13.21% |
| Sharpe ratio | 0.01 | 0.00 |
| Sortino ratio | 0.01 | 0.00 |
| Maximum drawdown | −16.0% (31-03-2026) | −16.1% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.15% | −0.26% |
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 | UTI BSE Sensex Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.70% | +6.18% |
| Standard deviation | 12.95% | 13.58% |
| Sharpe ratio | -0.11 | 0.02 |
| Sortino ratio | -0.15 | 0.03 |
| Maximum drawdown | −16.0% (31-03-2026) | −16.1% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.15% | −0.23% |
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
UTI BSE Sensex Index Fund (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% |
| UTI BSE Sensex Index Fund (Direct) | −16.1% | 02-01-2026 | 31-03-2026 | Not yet | -- | −12.5% |
| 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
UTI BSE Sensex Index Fund (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
UTI BSE Sensex Index Fund (Direct)
BSE SENSEX TRI
Against BSE SENSEX TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| DSP BSE Sensex ETF | 99% | 100% | 0.05% |
| UTI BSE Sensex Index Fund (Direct) | 99% | 101% | 0.03% |
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 UTI BSE Sensex Index: Portfolio Overlap
From each fund's latest monthly portfolio: DSP BSE Sensex ETF, September 2026; UTI BSE Sensex Index Fund, September 2026
Holdings in common
- Overlap
- 99.8%
- Held by both
- 30
- Only in DSP BSE Sensex ETF
- 0
- Only in UTI BSE Sensex Index
- 0
| Security | % of DSP BSE Sensex ETF | % of UTI BSE Sensex Index |
|---|---|---|
| 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 UTI BSE Sensex Index Fund
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 | UTI BSE Sensex Index |
|---|---|---|
| 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 | UTI BSE Sensex Index |
|---|---|---|
| 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 | UTI BSE Sensex Index |
|---|---|---|
| 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 UTI BSE Sensex Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP BSE Sensex ETF | UTI BSE Sensex Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.23% |
| Base expense ratio (Direct) | 0.06% | 0.18% |
| Total expense ratio (Regular) | Not available | 0.31% |
| Base expense ratio (Regular) | 0.00% | 0.25% |
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 UTI BSE Sensex Index Fund: Frequently Asked Questions
What is the difference between DSP BSE Sensex ETF and UTI BSE Sensex Index Fund?
DSP BSE Sensex ETF is an ETF fund, UTI BSE Sensex Index Fund is an Index fund, run by DSP Mutual Fund and UTI Mutual Fund. Their portfolios overlap 99.8%. DSP BSE Sensex ETF charges 0.08% a year and UTI BSE Sensex Index Fund 0.23%.
Which has given higher returns, DSP BSE Sensex ETF or UTI BSE Sensex Index Fund?
Over 1 year: DSP BSE Sensex ETF −10.92%, UTI BSE Sensex Index Fund −11.11%. Over 3 years: DSP BSE Sensex ETF +6.17% a year, UTI BSE Sensex Index Fund +6.06% 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 UTI BSE Sensex Index Fund?
DSP BSE Sensex ETF charges less: 0.08% a year against 0.23%. These are the total expense ratios reported to AMFI.
How much do DSP BSE Sensex ETF and UTI BSE Sensex Index Fund 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 riskier, DSP BSE Sensex ETF or UTI BSE Sensex Index Fund?
On SEBI's riskometer, DSP BSE Sensex ETF is rated Very High and UTI BSE Sensex Index Fund Very High. Over 3 years, the standard deviation of daily returns was 13.25% and 13.21% a year.
Which is better for SIP, DSP BSE Sensex ETF or UTI BSE Sensex Index Fund?
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 ₹3,62,931 in UTI BSE Sensex Index Fund (XIRR -1.2% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both DSP BSE Sensex ETF and UTI BSE Sensex Index Fund?
Yes. 99.8% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages DSP BSE Sensex ETF and UTI BSE Sensex Index Fund?
DSP BSE Sensex ETF: Anil Ghelani, Diipesh Shah, Neha Rathi. UTI BSE Sensex Index Fund: Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3.
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.