DSP Dynamic Asset Allocation Fund vs Zerodha Nifty 50 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
DSP Dynamic Asset Allocation Fund is a Balanced Advantage fund and Zerodha Nifty 50 Index Fund is an Index fund. In the year to 30-10-2026, DSP Dynamic Asset Allocation Fund (Direct) returned 0.3% and Zerodha Nifty 50 Index Fund (Direct) returned −10.3%. DSP Dynamic Asset Allocation Fund charges 1.04% a year and Zerodha Nifty 50 Index Fund 0.28% (Direct plans). Their portfolios overlap 45.8%: they hold 23 of the same securities.
DSP Dynamic Asset Allocation Fund
Balanced Advantage
- 1 year return
- 0.3%
- Expense ratio
- 1.04%
- NAV
- ₹32.53
Zerodha Nifty 50 Index Fund
Index
- 1 year return
- −10.3%
- Expense ratio
- 0.28%
- NAV
- ₹9.24
Which is better, DSP Dynamic Asset Allocation or Zerodha Nifty 50 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 Dynamic Asset Allocation returned more over 1 year: 0.3% against −10.3%.
- Zerodha Nifty 50 Index costs less: 0.28% a year against 1.04% (Direct plans).
- DSP Dynamic Asset Allocation fell less in its worst fall since 17-10-2025: −5.5% against −15.2%.
- Zerodha Nifty 50 Index holds more in large companies: 99.2% of the fund in large caps against 60.4%.
- DSP Dynamic Asset Allocation is the larger fund: ₹3,704 Cr against ₹75 Cr.
- Their portfolios overlap 45.8%: 23 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 Dynamic Asset Allocation Fund | Zerodha Nifty 50 Index Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | Zerodha Mutual Fund |
| Category | Balanced Advantage | Index |
| AUM | ₹3,704 Cr (30-09-2026) | ₹75 Cr (30-09-2026) |
| NAV | ₹32.53 (Direct) | ₹9.24 (Direct) |
| Expense ratio (Direct) | 1.04% | 0.28% |
| Expense ratio (Regular) | 2.26% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | CRISIL Hybrid 50+50 - Moderate Index | Nifty 50 TRI |
| Launch date | 06-02-2014 | 14-10-2025 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Rohit Singhania, Shantanu Godambe, Kaivalya Nadkarni, Preethi R S | Kedarnath Mirajkar |
| Exit load | Exit load of 1%, if redeemed within 1 months. | Nil |
DSP Dynamic Asset Allocation vs Zerodha Nifty 50 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 Dynamic Asset Allocation Fund (Direct) | +0.02% | −2.52% | +0.35% | +0.25% | +10.26% | +8.33% | +9.16% |
| Zerodha Nifty 50 Index Fund (Direct) | +1.95% | −5.00% | −3.12% | −10.25% | -- | -- | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | +9.91% |
Category average: the average of the 38 Balanced Advantage funds, same plan type.
DSP Dynamic Asset Allocation vs Zerodha Nifty 50 Index: Year-wise Returns
| Year | DSP Dynamic Asset AllocationDSP Dynamic Asset Allocation | Zerodha Nifty 50 IndexZerodha Nifty 50 Index |
|---|---|---|
| 2026to date | −0.99% | −11.01% |
| 2025 | +10.02% | -- |
| 2024 | +13.74% | -- |
| 2023 | +18.48% | -- |
| 2022 | +1.31% | -- |
| 2021 | +10.80% | -- |
DSP Dynamic Asset Allocation vs Zerodha Nifty 50 Index: Rolling Returns
Every holding period of both funds, against Nifty 50 TRI, the benchmark of Zerodha Nifty 50 Index Fund
DSP Dynamic Asset Allocation vs Zerodha Nifty 50 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 01-10-2025 to 30-10-2026: 13 instalments, ₹1,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| DSP Dynamic Asset AllocationDSP Dynamic Asset Allocation Fund (Direct) | ₹1,30,000 | ₹1,29,701 | −₹299 | −0.4% |
| Zerodha Nifty 50 IndexZerodha Nifty 50 Index Fund (Direct) | ₹1,30,000 | ₹1,23,091 | −₹6,909 | −9.1% |
DSP Dynamic Asset AllocationDSP Dynamic Asset Allocation Fund (Direct)
Zerodha Nifty 50 IndexZerodha Nifty 50 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 Dynamic Asset Allocation vs Zerodha Nifty 50 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP Dynamic Asset Allocation Fund (Direct) | Zerodha Nifty 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.25% | −10.25% |
| Standard deviation | 6.52% | 13.60% |
| Sharpe ratio | -0.77 | -1.14 |
| Sortino ratio | -1.04 | -1.52 |
| Maximum drawdown | −5.5% (30-03-2026) | −15.2% (30-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.28% |
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 Dynamic Asset Allocation Fund (Direct) | Zerodha Nifty 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.70% | −9.31% |
| Standard deviation | 6.86% | 13.43% |
| Sharpe ratio | 0.56 | -1.08 |
| Sortino ratio | 0.76 | -1.45 |
| Maximum drawdown | −19.3% (23-03-2020) | −15.2% (30-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.29% |
From daily NAVs, 07-02-2014 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 Dynamic Asset Allocation Fund (Direct)
Zerodha Nifty 50 Index Fund (Direct)
Nifty 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP Dynamic Asset Allocation Fund (Direct) | −5.5% | 06-01-2026 | 30-03-2026 | 21-04-2026 | 22 days | −3.7% |
| Zerodha Nifty 50 Index Fund (Direct) | −15.2% | 02-01-2026 | 30-03-2026 | Not yet | -- | −11.7% |
| Nifty 50 TRI | −15.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −11.6% |
From daily values since 17-10-2025, 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 Dynamic Asset Allocation Fund (Direct)
Zerodha Nifty 50 Index Fund (Direct)
Nifty 50 TRI
Against Nifty 50 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| DSP Dynamic Asset Allocation Fund (Direct) | 55% | 32% | 9.08% |
| Zerodha Nifty 50 Index Fund (Direct) | 99% | 100% | 0.15% |
From month-end values since 17-10-2025. 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 Dynamic Asset Allocation vs Zerodha Nifty 50 Index: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Dynamic Asset Allocation Fund, September 2026; Zerodha Nifty 50 Index Fund, September 2026
Holdings in common
- Overlap
- 45.8%
- Held by both
- 23
- Only in DSP Dynamic Asset Allocation
- 49
- Only in Zerodha Nifty 50 Index
- 27
| Security | % of DSP Dynamic Asset Allocation | % of Zerodha Nifty 50 Index |
|---|---|---|
| ICICI Bank Limited | 7.41% | 9.10% |
| HDFC Bank Limited | 7.28% | 10.44% |
| Bharti Airtel Limited | 3.96% | 5.13% |
| State Bank of India | 4.27% | 3.81% |
| Axis Bank Limited | 4.96% | 3.39% |
| Kotak Mahindra Bank Limited | 3.86% | 2.95% |
| Titan Co Limited | 1.85% | 1.82% |
| Reliance Industries Limited | 1.50% | 7.63% |
| Mahindra & Mahindra Limited | 1.30% | 2.53% |
| NTPC Limited | 1.24% | 1.47% |
| Hindalco Industries Limited | 1.20% | 1.31% |
| Hindustan Unilever Limited | 1.07% | 1.60% |
| Tata Steel Limited | 0.98% | 1.47% |
| Bajaj Finserv Limited | 2.01% | 0.97% |
| ITC Limited | 0.97% | 2.43% |
| Bharat Electronics Limited | 0.97% | 1.34% |
| Oil & Natural Gas Corporation Limited | 1.46% | 0.84% |
| Eternal Limited | 0.80% | 2.23% |
| SBI Life Insurance Co Limited | 1.55% | 0.73% |
| Cipla Limited | 1.40% | 0.73% |
| Infosys Limited | 0.69% | 3.37% |
| Maruti Suzuki India Limited | 0.63% | 1.49% |
| HDFC Life Insurance Co Limited | 1.36% | 0.54% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 45.8% means 45.8% 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 Dynamic Asset Allocation Fund
| Security | % of fund |
|---|---|
| Bandhan Bank Limited | 1.87% |
| 7.06% GOI 10042028 | 1.69% |
| LG Electronics India Limited | 1.48% |
| 7.17% GOI 17042030 | 1.41% |
| REC Limited | 1.40% |
Largest holdings only in Zerodha Nifty 50 Index Fund
| Security | % of fund |
|---|---|
| Larsen & Toubro Limited | 4.23% |
| Bajaj Finance Limited | 2.52% |
| Tata Consultancy Services Limited | 2.01% |
| Sun Pharmaceutical Industries Limited | 1.85% |
| Adani Ports and Special Economic Zone Limited | 1.35% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Dynamic Asset Allocation | Zerodha Nifty 50 Index |
|---|---|---|
| Equity | 72.2% | 100.6% |
| Debt | 23.0% | 0.0% |
| Cash and others | 4.8% | -0.6% |
Market cap of stocks
| Market cap | DSP Dynamic Asset Allocation | Zerodha Nifty 50 Index |
|---|---|---|
| Large Cap | 60.4% | 99.2% |
| Mid Cap | 5.8% | 1.4% |
| Small Cap | 5.9% | 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 Dynamic Asset Allocation | Zerodha Nifty 50 Index |
|---|---|---|
| Banks | 31.9% | 29.7% |
| Petroleum Products | 2.6% | 7.6% |
| IT - Software | 1.4% | 7.6% |
| Automobiles | 2.7% | 6.7% |
| Insurance | 5.6% | 1.3% |
| Finance | 3.6% | 5.5% |
| Telecom - Services | 4.0% | 5.1% |
| Consumer Durables | 4.3% | 2.9% |
| Pharmaceuticals & Biotechnology | 3.5% | 3.3% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Dynamic Asset Allocation vs Zerodha Nifty 50 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Dynamic Asset Allocation Fund | Zerodha Nifty 50 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.04% | 0.28% |
| Base expense ratio (Direct) | 0.59% | 0.10% |
| Total expense ratio (Regular) | 2.26% | Not available |
| Base expense ratio (Regular) | 1.62% | 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.
More comparisons
Each fund against the others of its category
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DSP Dynamic Asset Allocation Fund vs Zerodha Nifty 50 Index Fund: Frequently Asked Questions
What is the difference between DSP Dynamic Asset Allocation Fund and Zerodha Nifty 50 Index Fund?
DSP Dynamic Asset Allocation Fund is a Balanced Advantage fund, Zerodha Nifty 50 Index Fund is an Index fund, run by DSP Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 45.8%. DSP Dynamic Asset Allocation Fund charges 1.04% a year and Zerodha Nifty 50 Index Fund 0.28%.
Which has given higher returns, DSP Dynamic Asset Allocation Fund or Zerodha Nifty 50 Index Fund?
Over 1 year: DSP Dynamic Asset Allocation Fund +0.25%, Zerodha Nifty 50 Index Fund −10.25%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, DSP Dynamic Asset Allocation Fund or Zerodha Nifty 50 Index Fund?
Zerodha Nifty 50 Index Fund charges less: 0.28% a year against 1.04%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Dynamic Asset Allocation Fund and Zerodha Nifty 50 Index Fund overlap?
45.8%. They hold 23 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, DSP Dynamic Asset Allocation Fund or Zerodha Nifty 50 Index Fund?
On SEBI's riskometer, DSP Dynamic Asset Allocation Fund is rated Very High and Zerodha Nifty 50 Index Fund Very High. Over 1 years, the standard deviation of daily returns was 6.52% and 13.60% a year.
Can I invest in both DSP Dynamic Asset Allocation Fund and Zerodha Nifty 50 Index Fund?
Yes. 45.8% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages DSP Dynamic Asset Allocation Fund and Zerodha Nifty 50 Index Fund?
DSP Dynamic Asset Allocation Fund: Rohit Singhania, Shantanu Godambe, Kaivalya Nadkarni, Preethi R S. Zerodha Nifty 50 Index Fund: Kedarnath Mirajkar.
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.