DSP MSCI India ETF vs Franklin India Retirement Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
DSP MSCI India ETF is a mutual fund and Franklin India Retirement Fund is a Solution fund. DSP MSCI India ETF charges 0.16% a year and Franklin India Retirement Fund 1.52%. Their portfolios overlap 22.3%: they hold 29 of the same securities.
Franklin India Retirement Fund
Solution
- Expense ratio
- 1.52%
- NAV
- ₹235.73
Which is better, DSP MSCI India ETF or Franklin India Retirement? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- DSP MSCI India ETF costs less: 0.16% a year against 1.52%.
- Franklin India Retirement fell less in its worst fall since 25-11-2025: −5.9% against −14.6%.
- DSP MSCI India ETF holds more in large companies: 80.5% of the fund in large caps against 20.9%.
- Franklin India Retirement is the larger fund: ₹479 Cr against ₹3 Cr.
- Their portfolios overlap 22.3%: 29 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 MSCI India ETF | Franklin India Retirement Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | Franklin Templeton Mutual Fund |
| Category | Not available | Solution |
| AUM | ₹3 Cr (30-09-2026) | ₹479 Cr (30-09-2026) |
| NAV | ₹27.96 | ₹235.73 (Direct) |
| Expense ratio (Direct) | Not available | 1.52% |
| Expense ratio (Regular) | Not available | 2.25% |
| Riskometer | Not available | Not available |
| Benchmark | Not available | CRISIL Short Term Debt Hybrid 60+40 Index |
| Launch date | Not available | 31-03-1997 |
| Minimum investment | Not available | 500/1 |
| Lock in | Not available | 5 years, or until retirement if earlier |
| Fund managers | Not available | Anuj Tagra, Chandni Gupta, Rajasa Kakulavarapu, Ajay Argal |
| Exit load | Not available | 3% if redeemed before the age of 58 years (subject to lock-in period) and target amount. Nil, if redeemed after the age of 58 years |
DSP MSCI India ETF vs Franklin India Retirement: 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 MSCI India ETF | +0.34% | −5.94% | −3.51% | -- | -- | -- | -- |
| Franklin India Retirement Fund (Direct) | −0.79% | −2.49% | −0.61% | −3.40% | +7.27% | +6.59% | +7.54% |
DSP MSCI India ETF vs Franklin India Retirement: Year-wise Returns
| Year | DSP MSCI India ETFDSP MSCI India ETF | Franklin India RetirementFranklin India Retirement |
|---|---|---|
| 2026to date | −8.97% | −3.21% |
| 2025 | -- | +5.10% |
| 2024 | -- | +13.46% |
| 2023 | -- | +14.93% |
| 2022 | -- | +4.34% |
| 2021 | -- | +10.57% |
DSP MSCI India ETF vs Franklin India Retirement: Rolling Returns
Every holding period of both funds
DSP MSCI India ETF vs Franklin India Retirement: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP MSCI India ETF | Franklin India Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.48% | +9.37% |
| Standard deviation | 14.60% | 6.13% |
| Sharpe ratio | -0.94 | 0.54 |
| Sortino ratio | -1.24 | 0.73 |
| Maximum drawdown | −14.6% (31-03-2026) | −13.8% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 25-11-2025 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.
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 MSCI India ETF
Franklin India Retirement Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP MSCI India ETF | −14.6% | 02-01-2026 | 31-03-2026 | Not yet | -- | −10.1% |
| Franklin India Retirement Fund (Direct) | −5.9% | 26-11-2025 | 30-03-2026 | Not yet | -- | −3.8% |
From daily values since 25-11-2025, the first day every fund has.
DSP MSCI India ETF vs Franklin India Retirement: Portfolio Overlap
From each fund's latest monthly portfolio: DSP MSCI India ETF, September 2026; Franklin India Retirement Fund, September 2026
Holdings in common
- Overlap
- 22.3%
- Held by both
- 29
- Only in DSP MSCI India ETF
- 135
- Only in Franklin India Retirement
- 34
| Security | % of DSP MSCI India ETF | % of Franklin India Retirement |
|---|---|---|
| Axis Bank Limited | 2.25% | 1.71% |
| ICICI Bank Limited | 5.59% | 1.60% |
| HDFC Bank Limited | 6.44% | 1.48% |
| State Bank of India | 1.41% | 1.60% |
| Bharti Airtel Limited | 3.93% | 1.28% |
| Eternal Limited | 1.22% | 1.34% |
| Larsen & Toubro Limited | 2.02% | 1.18% |
| Infosys Limited | 2.41% | 1.17% |
| Mahindra & Mahindra Limited | 2.05% | 1.17% |
| Bharat Electronics Limited | 1.07% | 1.17% |
| Reliance Industries Limited | 5.44% | 0.87% |
| Ultratech Cement Limited | 0.89% | 0.78% |
| Tata Steel Limited | 1.10% | 0.65% |
| TVS Motor Co Limited | 0.78% | 0.64% |
| Asian Paints Limited | 0.73% | 0.60% |
| Cipla Limited | 0.54% | 0.76% |
| Interglobe Aviation Limited | 0.75% | 0.52% |
| Dr. Reddy's Laboratories Limited | 0.49% | 0.67% |
| Tata Power Co Limited | 0.43% | 0.75% |
| Britannia Industries Limited | 0.41% | 0.71% |
| Cholamandalam Investment and Finance Co Limited | 0.55% | 0.41% |
| Dixon Technologies (India) Limited | 0.40% | 0.77% |
| Lenskart Solutions Limited | 0.36% | 0.48% |
| Ashok Leyland Limited | 0.34% | 0.56% |
| Suzlon Energy Limited | 0.32% | 0.41% |
| Marico Limited | 0.32% | 0.69% |
| ICICI Lombard General Insurance Co Limited | 0.31% | 0.46% |
| PB Fintech Limited | 0.30% | 0.40% |
| Phoenix Mills Limited | 0.29% | 0.59% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 22.3% means 22.3% 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 MSCI India ETF
| Security | % of fund |
|---|---|
| Bajaj Finance Limited | 1.90% |
| Kotak Mahindra Bank Limited | 1.82% |
| Tata Consultancy Services Limited | 1.33% |
| Sun Pharmaceutical Industries Limited | 1.30% |
| Titan Co Limited | 1.29% |
Largest holdings only in Franklin India Retirement Fund
| Security | % of fund |
|---|---|
| 7.48% National Bank For Agriculture & Rural Development (15-Sep-2028) | 9.37% |
| 0.00% Jubilant Bevco Ltd (31-May-2028) | 6.26% |
| 7.68% Small Industries Development Bank Of India (10-Aug-2027) | 5.42% |
| 7.90% Bajaj Housing Finance Ltd (28-Apr-2028) | 5.37% |
| 7.70% Poonawalla Fincorp Ltd (21-Apr-2028) | 5.35% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP MSCI India ETF | Franklin India Retirement |
|---|---|---|
| Equity | 99.5% | 35.1% |
| Debt | 0.0% | 56.9% |
| Cash and others | 0.5% | 8.0% |
Market cap of stocks
| Market cap | DSP MSCI India ETF | Franklin India Retirement |
|---|---|---|
| Large Cap | 80.5% | 20.9% |
| Mid Cap | 19.0% | 6.2% |
| Small Cap | 0.0% | 7.5% |
| Not on AMFI's list | 0.0% | 0.5% |
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 MSCI India ETF | Franklin India Retirement |
|---|---|---|
| Banks | 20.3% | 7.1% |
| IT - Software | 6.5% | 1.2% |
| Petroleum Products | 6.4% | 0.9% |
| Finance | 6.3% | 0.7% |
| Automobiles | 6.2% | 2.3% |
| Pharmaceuticals & Biotechnology | 5.6% | 1.9% |
| Retailing | 3.4% | 1.8% |
| Consumer Durables | 2.8% | 1.9% |
| Industrial Products | 1.3% | 1.6% |
The six largest sectors of each fund's stocks, % of the fund.
DSP MSCI India ETF vs Franklin India Retirement: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP MSCI India ETF | Franklin India Retirement Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.52% |
| Base expense ratio (Direct) | 0.11% | 1.21% |
| Total expense ratio (Regular) | Not available | 2.25% |
| Base expense ratio (Regular) | 0.00% | 1.84% |
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 MSCI India ETF vs Franklin India Retirement Fund: Frequently Asked Questions
What is the difference between DSP MSCI India ETF and Franklin India Retirement Fund?
DSP MSCI India ETF is a mutual fund, Franklin India Retirement Fund is a Solution fund, run by DSP Mutual Fund and Franklin Templeton Mutual Fund. Their portfolios overlap 22.3%. DSP MSCI India ETF charges 0.16% a year and Franklin India Retirement Fund 1.52%.
Which has the lower expense ratio, DSP MSCI India ETF or Franklin India Retirement Fund?
DSP MSCI India ETF charges less: 0.16% a year against 1.52%. These are the total expense ratios reported to AMFI.
How much do DSP MSCI India ETF and Franklin India Retirement Fund overlap?
22.3%. They hold 29 of the same securities, the largest shared ones being AXISBANK, ICICIBANK, HDFCBANK. From each fund's latest monthly portfolio.
Can I invest in both DSP MSCI India ETF and Franklin India Retirement Fund?
Yes. 22.3% 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.