DSP Large Cap Fund vs Zerodha BSE SENSEX Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
DSP Large Cap Fund is a Large Cap fund and Zerodha BSE SENSEX Index Fund is an Index fund. DSP Large Cap Fund charges 1.18% a year and Zerodha BSE SENSEX Index Fund 0.47% (Direct plans). Their portfolios overlap 61.0%: they hold 18 of the same securities.
Which is better, DSP Large Cap or Zerodha 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.
- Zerodha BSE SENSEX Index costs less: 0.47% a year against 1.18% (Direct plans).
- DSP Large Cap fell less in its worst fall since 10-11-2025: −13.3% against −16.1%.
- DSP Large Cap is the larger fund: ₹6,642 Cr against ₹19 Cr.
- Their portfolios overlap 61.0%: 18 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 Large Cap Fund | Zerodha BSE SENSEX Index Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | Zerodha Mutual Fund |
| Category | Large Cap | Index |
| AUM | ₹6,642 Cr (30-09-2026) | ₹19 Cr (30-09-2026) |
| NAV | ₹484.71 (Direct) | ₹8.99 (Direct) |
| Expense ratio (Direct) | 1.18% | 0.47% |
| Expense ratio (Regular) | 2.07% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 100 TRI | BSE SENSEX TRI |
| Launch date | 10-03-2003 | 06-11-2025 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Anish Tawakley | Kedarnath Mirajkar |
| Exit load | Exit load of 1% if redeemed less than 12 months | Nil |
DSP Large Cap vs Zerodha 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 Large Cap Fund (Direct) | +1.48% | −4.89% | −2.57% | −8.56% | +10.95% | +9.10% | +10.38% |
| Zerodha BSE SENSEX Index Fund (Direct) | +2.75% | −4.37% | −2.58% | -- | -- | -- | -- |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | +8.23% | +11.81% |
Category average: the average of the 35 Large Cap funds, same plan type.
DSP Large Cap vs Zerodha BSE SENSEX Index: Year-wise Returns
| Year | DSP Large CapDSP Large Cap | Zerodha BSE SENSEX IndexZerodha BSE SENSEX Index |
|---|---|---|
| 2026to date | −9.39% | −12.06% |
| 2025 | +9.40% | -- |
| 2024 | +21.50% | -- |
| 2023 | +27.60% | -- |
| 2022 | +2.24% | -- |
| 2021 | +20.45% | -- |
DSP Large Cap vs Zerodha BSE SENSEX Index: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of DSP Large Cap Fund
DSP Large Cap vs Zerodha BSE SENSEX Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP Large Cap Fund (Direct) | Zerodha BSE SENSEX Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.06% | −10.70% |
| Standard deviation | 16.29% | 14.00% |
| Sharpe ratio | 0.31 | -1.14 |
| Sortino ratio | 0.42 | -1.53 |
| Maximum drawdown | −40.3% (23-03-2020) | −16.1% (30-03-2026) |
| Beta | 0.99 | 1.00 |
| Alpha | −0.84% | −0.40% |
From daily NAVs, 02-01-2013 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 Large Cap Fund (Direct)
Zerodha BSE SENSEX Index Fund (Direct)
Nifty 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP Large Cap Fund (Direct) | −13.3% | 02-01-2026 | 31-03-2026 | Not yet | -- | −9.8% |
| Zerodha BSE SENSEX Index Fund (Direct) | −16.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −12.6% |
| Nifty 100 TRI | −14.9% | 02-01-2026 | 30-03-2026 | Not yet | -- | −10.1% |
From daily values since 10-11-2025, the first day every fund has.
DSP Large Cap vs Zerodha BSE SENSEX Index: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Large Cap Fund, September 2026; Zerodha BSE SENSEX Index Fund, September 2026
Holdings in common
- Overlap
- 61.0%
- Held by both
- 18
- Only in DSP Large Cap
- 23
- Only in Zerodha BSE SENSEX Index
- 12
| Security | % of DSP Large Cap | % of Zerodha BSE SENSEX Index |
|---|---|---|
| HDFC Bank Limited | 10.08% | 12.59% |
| ICICI Bank Limited | 9.72% | 11.04% |
| Bharti Airtel Limited | 6.04% | 6.39% |
| Larsen & Toubro Limited | 4.74% | 5.11% |
| Axis Bank Limited | 5.91% | 4.08% |
| Reliance Industries Limited | 4.06% | 9.16% |
| Infosys Limited | 3.99% | 4.09% |
| Mahindra & Mahindra Limited | 4.84% | 3.08% |
| ITC Limited | 3.97% | 2.97% |
| Kotak Mahindra Bank Limited | 2.50% | 3.58% |
| Maruti Suzuki India Limited | 2.38% | 1.79% |
| NTPC Limited | 3.08% | 1.78% |
| Ultratech Cement Limited | 2.73% | 1.50% |
| Asian Paints Limited | 2.32% | 1.26% |
| Power Grid Corporation of India Limited | 1.18% | 1.38% |
| Interglobe Aviation Limited | 0.91% | 1.30% |
| State Bank of India | 0.79% | 4.64% |
| Trent Limited | 0.53% | 1.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 61.0% means 61.0% 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 Large Cap Fund
| Security | % of fund |
|---|---|
| SBI Life Insurance Co Limited | 2.78% |
| Cipla Limited | 2.76% |
| HDFC Life Insurance Co Limited | 2.74% |
| DLF Limited | 2.19% |
| Hero MotoCorp Limited | 2.12% |
Largest holdings only in Zerodha BSE SENSEX Index Fund
| Security | % of fund |
|---|---|
| Bajaj Finance Limited | 3.00% |
| Eternal Limited | 2.70% |
| Tata Consultancy Services Limited | 2.42% |
| Sun Pharmaceutical Industries Limited | 2.29% |
| Titan Company Limited | 2.18% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Large Cap | Zerodha BSE SENSEX Index |
|---|---|---|
| Equity | 98.0% | 100.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.0% | -0.1% |
Market cap of stocks
| Market cap | DSP Large Cap | Zerodha BSE SENSEX Index |
|---|---|---|
| Large Cap | 90.3% | 100.1% |
| Mid Cap | 7.7% | 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 Large Cap | Zerodha BSE SENSEX Index |
|---|---|---|
| Banks | 29.3% | 35.9% |
| Automobiles | 11.1% | 4.9% |
| Petroleum Products | 5.8% | 9.2% |
| IT - Software | 4.0% | 9.2% |
| Insurance | 7.1% | 0.0% |
| Telecom - Services | 6.5% | 6.4% |
| Construction | 4.7% | 5.1% |
| Diversified FMCG | 4.0% | 4.9% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Large Cap vs Zerodha BSE SENSEX Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Large Cap Fund | Zerodha BSE SENSEX Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.18% | 0.47% |
| Base expense ratio (Direct) | 0.79% | 0.29% |
| Total expense ratio (Regular) | 2.07% | Not available |
| Base expense ratio (Regular) | 1.55% | 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
DSP Large Cap Fund vs Zerodha BSE SENSEX Index Fund: Frequently Asked Questions
What is the difference between DSP Large Cap Fund and Zerodha BSE SENSEX Index Fund?
DSP Large Cap Fund is a Large Cap fund, Zerodha BSE SENSEX Index Fund is an Index fund, run by DSP Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 61.0%. DSP Large Cap Fund charges 1.18% a year and Zerodha BSE SENSEX Index Fund 0.47%.
Which has the lower expense ratio, DSP Large Cap Fund or Zerodha BSE SENSEX Index Fund?
Zerodha BSE SENSEX Index Fund charges less: 0.47% a year against 1.18%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Large Cap Fund and Zerodha BSE SENSEX Index Fund overlap?
61.0%. They hold 18 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, DSP Large Cap Fund or Zerodha BSE SENSEX Index Fund?
On SEBI's riskometer, DSP Large Cap Fund is rated Very High and Zerodha BSE SENSEX Index Fund Very High. Over their common history, the standard deviation of daily returns was 16.29% and 14.00% a year.
Can I invest in both DSP Large Cap Fund and Zerodha BSE SENSEX Index Fund?
Yes. 61.0% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages DSP Large Cap Fund and Zerodha BSE SENSEX Index Fund?
DSP Large Cap Fund: Anish Tawakley. Zerodha BSE SENSEX 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.