DSP Medium Term Fund vs ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
DSP Medium Term Fund is a Medium Duration fund and ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF is a mutual fund. In the 3 years to 30-10-2026, DSP Medium Term Fund (Direct) returned 6.7% a year and ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF returned 7.1% a year. DSP Medium Term Fund charges 0.41% a year and ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF 0.20%. Their portfolios overlap 13.9%: they hold 1 of the same security.
DSP Medium Term Fund
Medium Duration
- 3 year return
- 6.7%
- Expense ratio
- 0.41%
- NAV
- ₹91.45
ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF
- 3 year return
- 7.1%
- Expense ratio
- 0.20%
- NAV
- ₹65.44
Which is better, DSP Medium Term or ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF returned more over 3 years: 7.1% a year against 6.7%.
- ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF returned more over 1 year: 3.2% against 2.9%.
- ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF costs less: 0.20% a year against 0.41%.
- DSP Medium Term swung less over 3 years: a standard deviation of 1.2% a year against 1.9%.
- DSP Medium Term fell less in its worst fall since 08-03-2022: −1.8% against −3.0%.
- DSP Medium Term is the larger fund: ₹249 Cr against ₹21 Cr.
- Their portfolios overlap 13.9%: 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 Medium Term Fund | ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF |
|---|---|---|
| Fund house | DSP Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Medium Duration | Not available |
| AUM | ₹249 Cr (30-09-2026) | ₹21 Cr (30-09-2026) |
| NAV | ₹91.45 (Direct) | ₹65.44 |
| Expense ratio (Direct) | 0.41% | Not available |
| Expense ratio (Regular) | 0.74% | Not available |
| Riskometer | Moderate | Not available |
| Benchmark | CRISIL Medium Duration Debt A-III Index | Not available |
| Launch date | 29-04-1997 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | None | Not available |
| Fund managers | Vivek Ramakrishnan, Karan Mundhra | Not available |
| Exit load | Nil | Not available |
DSP Medium Term vs ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF: 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 Medium Term Fund (Direct) | −0.61% | −1.06% | +1.62% | +2.91% | +6.69% | +5.96% | +5.84% |
| ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF | −0.63% | −1.15% | +1.63% | +3.16% | +7.14% | -- | -- |
| Medium Duration average | −0.34% | −0.09% | +2.51% | +4.72% | +7.66% | +6.88% | +6.78% |
Category average: the average of the 13 Medium Duration funds, same plan type.
DSP Medium Term vs ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF: Year-wise Returns
| Year | DSP Medium TermDSP Medium Term | ICICI Prudential Nifty 5 yr Benchmark G-SEC ETFICICI Prudential Nifty 5 yr Benchmark G-SEC ETF |
|---|---|---|
| 2026to date | +2.38% | +2.61% |
| 2025 | +8.20% | +8.32% |
| 2024 | +7.99% | +8.30% |
| 2023 | +7.43% | +7.52% |
| 2022 | +3.25% | -- |
| 2021 | +3.83% | -- |
DSP Medium Term vs ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 397 of them, one for each trading day from 10-03-2025 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 Medium Term Fund (Direct)
ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF
to
Apr 2025Aug 2022
to
Aug 2025Nov 2022
to
Nov 2025Feb 2023
to
Feb 2026Jun 2023
to
Jun 2026Sept 2023
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DSP Medium Term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.7% | 7.7% | 6.6% | 8.6% |
| ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.9% | 7.9% | 6.4% | 8.9% |
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. Every fund is measured over the days all of them have, from 08-03-2022. Past returns do not promise future returns.
DSP Medium Term vs ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF: 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 02-03-2022 to 30-10-2026: 56 instalments, ₹5,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| DSP Medium TermDSP Medium Term Fund (Direct) | ₹5,60,000 | ₹6,47,072 | ₹87,072 | 6.1% |
| ICICI Prudential Nifty 5 yr Benchmark G-SEC ETFICICI Prudential Nifty 5 yr Benchmark G-SEC ETF | ₹5,60,000 | ₹6,49,663 | ₹89,663 | 6.3% |
DSP Medium TermDSP Medium Term Fund (Direct)
ICICI Prudential Nifty 5 yr Benchmark G-SEC ETFICICI Prudential Nifty 5 yr Benchmark G-SEC ETF
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 Medium Term vs ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP Medium Term Fund (Direct) | ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF |
|---|---|---|
| Return (CAGR) | +2.91% | +3.16% |
| Standard deviation | 1.56% | 2.55% |
| Sharpe ratio | -1.50 | -0.82 |
| Sortino ratio | -2.08 | -1.18 |
| Maximum drawdown | −1.5% (27-10-2026) | −1.9% (22-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 Medium Term Fund (Direct) | ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF |
|---|---|---|
| Return (CAGR) | +6.69% | +7.14% |
| Standard deviation | 1.22% | 1.92% |
| Sharpe ratio | 0.54 | 0.58 |
| Sortino ratio | 0.80 | 0.86 |
| Maximum drawdown | −1.5% (27-10-2026) | −1.9% (22-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 Medium Term Fund (Direct) | ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF |
|---|---|---|
| Return (CAGR) | +6.83% | +6.26% |
| Standard deviation | 2.76% | 2.21% |
| Sharpe ratio | 0.28 | 0.13 |
| Sortino ratio | 0.35 | 0.18 |
| Maximum drawdown | −5.4% (19-08-2013) | −3.0% (06-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 Medium Term Fund (Direct)
ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP Medium Term Fund (Direct) | −1.8% | 31-03-2022 | 06-05-2022 | 01-08-2022 | 3 months | −1.4% |
| ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF | −3.0% | 30-03-2022 | 06-05-2022 | 04-08-2022 | 3 months | −1.7% |
From daily values since 08-03-2022, 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 Medium Term Fund (Direct)
ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF
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 Medium Term Fund (Direct)
ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF
DSP Medium Term vs ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Medium Term Fund, September 2026; ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF, September 2026
Holdings in common
- Overlap
- 13.9%
- Held by both
- 1
- Only in DSP Medium Term
- 10
- Only in ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF
- 0
| Security | % of DSP Medium Term | % of ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF |
|---|---|---|
| 6.36% GOI 16022031 | 13.91% | 95.21% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 13.9% means 13.9% 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 Medium Term Fund
| Security | % of fund |
|---|---|
| 7.13% Haryana SDL 05012032 | 13.99% |
| 7.72% Maharashtra SDL 01032031 | 10.22% |
| 7.73% Maharashtra SDL 29032032 | 10.12% |
| 7.30% Karnataka SDL 09022032 | 10.03% |
| 6.83% Maharashtra SDL 23062031 | 10.00% |
Largest holdings only in ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF
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 Medium Term | ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 98.0% | 95.2% |
| Cash and others | 2.0% | 4.8% |
DSP Medium Term vs ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Medium Term Fund | ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.41% | Not available |
| Base expense ratio (Direct) | 0.34% | 0.00% |
| Total expense ratio (Regular) | 0.74% | Not available |
| Base expense ratio (Regular) | 0.62% | 0.17% |
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 Medium Term Fund vs ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF: Frequently Asked Questions
What is the difference between DSP Medium Term Fund and ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF?
DSP Medium Term Fund is a Medium Duration fund, ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF is a mutual fund, run by DSP Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 13.9%. DSP Medium Term Fund charges 0.41% a year and ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF 0.20%.
Which has given higher returns, DSP Medium Term Fund or ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF?
Over 1 year: DSP Medium Term Fund +2.91%, ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF +3.16%. Over 3 years: DSP Medium Term Fund +6.69% a year, ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF +7.14% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, DSP Medium Term Fund or ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF?
ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF charges less: 0.20% a year against 0.41%. These are the total expense ratios reported to AMFI.
How much do DSP Medium Term Fund and ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF overlap?
13.9%. They hold 1 of the same securities, the largest shared ones being 6.36% GOI 16022031. From each fund's latest monthly portfolio.
Which is better for SIP, DSP Medium Term Fund or ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,02,745 in DSP Medium Term Fund (XIRR 5.5% a year) and ₹4,04,059 in ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF (XIRR 5.7% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both DSP Medium Term Fund and ICICI Prudential Nifty 5 yr Benchmark G-SEC ETF?
Yes. 13.9% 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.