DSP Gold ETF Fund of Fund vs DSP Multi Asset Omni Fund of Funds
Direct Plan, Growth option · Data as on 30-10-2026
DSP Gold ETF Fund of Fund is a Fund of Funds fund and DSP Multi Asset Omni Fund of Funds is a mutual fund. DSP Gold ETF Fund of Fund charges 0.64% a year and DSP Multi Asset Omni Fund of Funds 0.52% (Direct plans). Their portfolios overlap 10.0%: they hold 1 of the same security.
Which is better, DSP Gold ETF Fund of or DSP Multi Asset Omni Fund of Funds? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- DSP Multi Asset Omni Fund of Funds costs less: 0.52% a year against 0.64% (Direct plans).
- DSP Multi Asset Omni Fund of Funds fell less in its worst fall since 26-02-2026: −6.6% against −20.4%.
- DSP Multi Asset Omni Fund of Funds is the larger fund: ₹866 Cr against ₹551 Cr.
- Their portfolios overlap 10.0%: 1 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 Gold ETF Fund of Fund | DSP Multi Asset Omni Fund of Funds |
|---|---|---|
| Fund house | DSP Mutual Fund | DSP Mutual Fund |
| Category | Fund of Funds | Not available |
| AUM | ₹551 Cr (30-09-2026) | ₹866 Cr (30-09-2026) |
| NAV | ₹21.92 (Direct) | ₹9.91 (Direct) |
| Expense ratio (Direct) | 0.64% | 0.52% |
| Expense ratio (Regular) | 1.00% | 1.25% |
| Riskometer | Very High | Not available |
| Benchmark | Gold Index | Not available |
| Launch date | 17-11-2023 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | None | Not available |
| Fund managers | Anil Ghelani, Diipesh Shah, Neha Rathi | Not available |
| Exit load | Nil | Not available |
DSP Gold ETF Fund of vs DSP Multi Asset Omni Fund of Funds: 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 Gold ETF Fund of Fund (Direct) | −5.27% | −1.99% | −6.77% | +15.55% | -- | -- | -- |
| DSP Multi Asset Omni Fund of Funds (Direct) | +1.90% | −2.05% | +0.56% | -- | -- | -- | -- |
DSP Gold ETF Fund of vs DSP Multi Asset Omni Fund of Funds: Year-wise Returns
| Year | Gold ETF Fund ofDSP Gold ETF Fund of | Multi Asset Omni Fund of FundsDSP Multi Asset Omni Fund of Funds |
|---|---|---|
| 2026to date | +4.15% | -- |
| 2025 | +71.88% | -- |
| 2024 | +18.79% | -- |
DSP Gold ETF Fund of vs DSP Multi Asset Omni Fund of Funds: Rolling Returns
Every holding period of both funds
DSP Gold ETF Fund of vs DSP Multi Asset Omni Fund of Funds: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP Gold ETF Fund of Fund (Direct) | DSP Multi Asset Omni Fund of Funds (Direct) |
|---|---|---|
| Return (CAGR) | +30.74% | −1.71% |
| Standard deviation | 21.87% | 9.81% |
| Sharpe ratio | 1.13 | -0.71 |
| Sortino ratio | 1.62 | -0.95 |
| Maximum drawdown | −25.2% (23-03-2026) | −6.6% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 20-11-2023 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 Gold ETF Fund of Fund (Direct)
DSP Multi Asset Omni Fund of Funds (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP Gold ETF Fund of Fund (Direct) | −20.4% | 02-03-2026 | 23-03-2026 | Not yet | -- | −16.9% |
| DSP Multi Asset Omni Fund of Funds (Direct) | −6.6% | 26-02-2026 | 23-03-2026 | 07-07-2026 | 3 months | −3.6% |
From daily values since 26-02-2026, the first day every fund has.
DSP Gold ETF Fund of vs DSP Multi Asset Omni Fund of Funds: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Gold ETF Fund of Fund, September 2026; DSP Multi Asset Omni Fund of Funds, September 2026
Holdings in common
- Overlap
- 10.0%
- Held by both
- 1
- Only in DSP Gold ETF Fund of
- 0
- Only in DSP Multi Asset Omni Fund of Funds
- 13
| Security | % of DSP Gold ETF Fund of | % of DSP Multi Asset Omni Fund of Funds |
|---|---|---|
| DSP Gold ETF | 99.63% | 10.04% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 10.0% means 10.0% 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 Gold ETF Fund of Fund
Every holding of this fund is also held by the other.
Largest holdings only in DSP Multi Asset Omni Fund of Funds
| Security | % of fund |
|---|---|
| DSP Gilt Fund | 17.46% |
| DSP Nifty IT ETF | 13.91% |
| DSP Nifty Private Bank ETF | 12.08% |
| Nippon India Large Cap Fund | 10.32% |
| DSP Large Cap Fund | 10.23% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Gold ETF Fund of | DSP Multi Asset Omni Fund of Funds |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 100.0% | 100.0% |
DSP Gold ETF Fund of vs DSP Multi Asset Omni Fund of Funds: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Gold ETF Fund of Fund | DSP Multi Asset Omni Fund of Funds |
|---|---|---|
| Total expense ratio (Direct) | 0.64% | 0.52% |
| Base expense ratio (Direct) | 0.59% | 0.48% |
| Total expense ratio (Regular) | 1.00% | 1.25% |
| Base expense ratio (Regular) | 0.90% | 1.11% |
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 Gold ETF Fund of Fund vs DSP Multi Asset Omni Fund of Funds: Frequently Asked Questions
What is the difference between DSP Gold ETF Fund of Fund and DSP Multi Asset Omni Fund of Funds?
DSP Gold ETF Fund of Fund is a Fund of Funds fund, DSP Multi Asset Omni Fund of Funds is a mutual fund, run by DSP Mutual Fund. Their portfolios overlap 10.0%. DSP Gold ETF Fund of Fund charges 0.64% a year and DSP Multi Asset Omni Fund of Funds 0.52%.
Which has the lower expense ratio, DSP Gold ETF Fund of Fund or DSP Multi Asset Omni Fund of Funds?
DSP Multi Asset Omni Fund of Funds charges less: 0.52% a year against 0.64%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Gold ETF Fund of Fund and DSP Multi Asset Omni Fund of Funds overlap?
10.0%. They hold 1 of the same securities, the largest shared ones being GOLDADD. From each fund's latest monthly portfolio.
Can I invest in both DSP Gold ETF Fund of Fund and DSP Multi Asset Omni Fund of Funds?
Yes. 10.0% 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.