DSP MSCI India ETF vs Groww NIFTY 200 ETF

Direct Plan where a fund has one, Growth option · Data as on 30-10-2026

DSP MSCI India ETF is a mutual fund and Groww NIFTY 200 ETF is an ETF fund. DSP MSCI India ETF charges 0.16% a year and Groww NIFTY 200 ETF 0.43%. Their portfolios overlap 88.7%: they hold 156 of the same securities.

DSP MSCI India ETF

Expense ratio: 0.16%
NAV: ₹27.96

See DSP MSCI India ETF

Groww NIFTY 200 ETF

ETF

Expense ratio: 0.43%
NAV: ₹10.72

See Groww NIFTY 200 ETF

Which is better, DSP MSCI India ETF or Groww NIFTY 200 ETF? 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 0.43%.
DSP MSCI India ETF fell less in its worst fall since 25-11-2025: −14.6% against −14.8%.
Groww NIFTY 200 ETF is the larger fund: ₹16 Cr against ₹3 Cr.
Their portfolios overlap 88.7%: 156 of the same holdings.

Past returns do not promise future returns. This page is information, not investment advice.

NAV comparison

How each fund's NAV moved over the same days, as % change since the first day of the range

DSP MSCI India ETF
−7.9%
Groww NIFTY 200 ETF
−8.0%

Change in NAV from 25-11-2025 to 30-10-2026

−10%−5%0%+5%

Key facts

From each fund's scheme summary document and AMFI

Fact	DSP MSCI India ETF	Groww NIFTY 200 ETF
Fund house	DSP Mutual Fund	Groww Mutual Fund
Category	Not available	ETF
AUM	₹3 Cr (30-09-2026)	₹16 Cr (30-09-2026)
NAV	₹27.96	₹10.72
Expense ratio (Direct)	Not available	Not available
Expense ratio (Regular)	Not available	Not available
Riskometer	Not available	Very High
Benchmark	Not available	Nifty 200 TRI
Launch date	Not available	25-02-2025
Minimum investment	Not available	₹500
Lock in	Not available	None
Fund managers	Not available	Nikhil Satam, Aakash Chauhan, Shashi Kumar
Exit load	Not available	Nil

DSP MSCI India ETF vs Groww NIFTY 200 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 MSCI India ETF	+0.34%	−5.94%	−3.51%	--	--	--	--
Groww NIFTY 200 ETF	+0.13%	−6.00%	−3.35%	−8.21%	--	--	--

DSP MSCI India ETF vs Groww NIFTY 200 ETF: Year-wise Returns

Year	DSP MSCI IndiaDSP MSCI India ETF	Groww NIFTY 200Groww NIFTY 200 ETF
2026to date	−8.97%	−8.79%

DSP MSCI India ETF vs Groww NIFTY 200 ETF: Rolling Returns

Every holding period of both funds, against Nifty 200 TRI, the benchmark of Groww NIFTY 200 ETF

DSP MSCI India ETF vs Groww NIFTY 200 ETF: Risk and Drawdowns

How much each fund swings, and the worst fall over the same days

Risk and return

Measure	DSP MSCI India ETF	Groww NIFTY 200 ETF
Return (CAGR)	−8.48%	+4.51%
Standard deviation	14.60%	13.84%
Sharpe ratio	-0.94	-0.07
Sortino ratio	-1.24	-0.09
Maximum drawdown	−14.6% (31-03-2026)	−14.8% (31-03-2026)
Beta	--	1.00
Alpha	--	−0.43%

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.

−15%−10%−5%0%

2026

DSP MSCI India ETFGroww NIFTY 200 ETFNifty 200 TRI

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%
Groww NIFTY 200 ETF	−14.8%	02-01-2026	31-03-2026	Not yet	--	−9.7%
Nifty 200 TRI	−14.8%	02-01-2026	30-03-2026	Not yet	--	−9.4%

From daily values since 25-11-2025, the first day every fund has.

DSP MSCI India ETF vs Groww NIFTY 200 ETF: Portfolio Overlap

From each fund's latest monthly portfolio: DSP MSCI India ETF, September 2026; Groww NIFTY 200 ETF, September 2026

Holdings in common

Overlap: 88.7%
Held by both: 156
Only in DSP MSCI India ETF: 8
Only in Groww NIFTY 200 ETF: 44

Security	% of DSP MSCI India ETF	% of Groww NIFTY 200 ETF
HDFC Bank Limited	6.44%	6.72%
ICICI Bank Limited	5.59%	5.86%
Reliance Industries Limited	5.44%	4.91%
Bharti Airtel Limited	3.93%	3.31%
Axis Bank Limited	2.25%	2.18%
Infosys Limited	2.41%	2.17%
Larsen & Toubro Limited	2.02%	2.72%
Kotak Mahindra Bank Limited	1.82%	1.90%
Mahindra & Mahindra Limited	2.05%	1.63%
Bajaj Finance Limited	1.90%	1.62%
State Bank of India	1.41%	2.45%
Tata Consultancy Services Limited	1.33%	1.29%
Eternal Limited	1.22%	1.43%
Sun Pharmaceutical Industries Limited	1.30%	1.19%
Titan Co Limited	1.29%	1.17%
Hindustan Unilever Limited	1.05%	1.03%
Maruti Suzuki India Limited	1.11%	0.96%
NTPC Limited	1.12%	0.95%
Tata Steel Limited	1.10%	0.95%
Bharat Electronics Limited	1.07%	0.86%
Shriram Finance Limited	1.10%	0.85%
Hindalco Industries Limited	0.97%	0.84%
Adani Ports and Special Economic Zone Limited	0.83%	0.87%
HCL Technologies Limited	0.86%	0.80%
Ultratech Cement Limited	0.89%	0.80%
Power Grid Corporation of India Limited	0.87%	0.73%
Divi's Laboratories Limited	0.90%	0.73%
Interglobe Aviation Limited	0.75%	0.70%
Asian Paints Limited	0.73%	0.67%
Grasim Industries Limited	0.66%	0.71%
ITC Limited	0.63%	1.57%
Eicher Motors Limited	0.77%	0.61%
JSW Steel Limited	0.61%	0.75%
Tech Mahindra Limited	0.65%	0.60%
TVS Motor Co Limited	0.78%	0.60%
Adani Enterprises Limited	0.59%	0.61%
Bajaj Auto Limited	0.59%	0.73%
Nestle India Limited	0.60%	0.58%
Hindustan Aeronautics Limited	0.63%	0.55%
Tata Motors Limited	0.62%	0.55%
Trent Limited	0.56%	0.54%
Bajaj Finserv Limited	0.53%	0.62%
Adani Power Limited	0.53%	0.53%
Coal India Limited	0.52%	0.63%
Apollo Hospitals Enterprise Limited	0.66%	0.51%
BSE Limited	0.49%	0.78%
Laurus Labs Limited	0.55%	0.48%
SBI Life Insurance Co Limited	0.61%	0.47%
Cipla Limited	0.54%	0.47%
Dr. Reddy's Laboratories Limited	0.49%	0.46%
Federal Bank Limited	0.46%	0.48%
Oil & Natural Gas Corporation Limited	0.46%	0.54%
One 97 Communications Limited	0.51%	0.45%
Samvardhana Motherson International Limited	0.55%	0.45%
Jio Financial Services Limited	0.46%	0.44%
Cholamandalam Investment and Finance Co Limited	0.55%	0.43%
Torrent Pharmaceuticals Limited	0.54%	0.43%
Vedanta Aluminium Metal Limited	0.45%	0.43%
Max Healthcare Institute Limited	0.52%	0.43%
Hero MotoCorp Limited	0.51%	0.42%
Cummins India Limited	0.50%	0.40%
Indian Hotels Co Limited	0.48%	0.40%
Tata Consumer Products Limited	0.41%	0.38%
Avenue Supermarts Limited	0.44%	0.38%
Bharat Petroleum Corporation Limited	0.39%	0.38%
Bharat Heavy Electricals Limited	0.40%	0.37%
Tata Power Co Limited	0.43%	0.37%
Tata Motors Passenger Vehicles Limited	0.42%	0.37%
IndusInd Bank Limited	0.41%	0.37%
Varun Beverages Limited	0.44%	0.37%
AU Small Finance Bank Limited	0.44%	0.36%
CG Power and Industrial Solutions Limited	0.43%	0.36%
Persistent Systems Limited	0.43%	0.35%
Britannia Industries Limited	0.41%	0.35%
HDFC Life Insurance Co Limited	0.41%	0.35%
Dixon Technologies (India) Limited	0.40%	0.33%
Bharat Forge Limited	0.36%	0.33%
Multi Commodity Exchange Of India Limited	0.33%	0.52%
Ge Vernova T&D India Limited	0.42%	0.32%
Lenskart Solutions Limited	0.36%	0.31%
Lupin Limited	0.37%	0.31%
Indian Oil Corporation Limited	0.30%	0.31%
Suzlon Energy Limited	0.32%	0.30%
Indus Towers Limited	0.37%	0.30%
Power Finance Corporation Limited	0.34%	0.29%
Info Edge (India) Limited	0.33%	0.29%
Solar Industries India Limited	0.38%	0.29%
HDFC Asset Management Co Limited	0.35%	0.29%
Aurobindo Pharma Limited	0.34%	0.29%
GAIL (India) Limited	0.31%	0.28%
Pidilite Industries Limited	0.33%	0.28%
Vedanta Limited	0.28%	0.28%
Ashok Leyland Limited	0.34%	0.27%
FSN E-Commerce Ventures Limited	0.31%	0.27%
IDFC First Bank Limited	0.27%	0.33%
DLF Limited	0.33%	0.27%
Wipro Limited	0.29%	0.27%
Polycab India Limited	0.34%	0.26%
Jindal Steel Limited	0.32%	0.26%
Marico Limited	0.32%	0.26%
Bajaj Holdings & Investment Limited	0.25%	0.29%
Fortis Healthcare Limited	0.30%	0.25%
United Spirits Limited	0.31%	0.25%
APL Apollo Tubes Limited	0.31%	0.25%
ICICI Lombard General Insurance Co Limited	0.31%	0.24%
Hitachi Energy India Limited	0.35%	0.23%
PB Fintech Limited	0.30%	0.23%
REC Limited	0.28%	0.23%
Yes Bank Limited	0.25%	0.23%
Phoenix Mills Limited	0.29%	0.22%
SRF Limited	0.27%	0.22%
Vodafone Idea Limited	0.27%	0.22%
ABB India Limited	0.24%	0.22%
Adani Energy Solutions Limited	0.22%	0.26%
Godrej Consumer Products Limited	0.26%	0.21%
Punjab National Bank	0.21%	0.24%
Lodha Developers Limited	0.25%	0.21%
Hindustan Petroleum Corporation Limited	0.27%	0.21%
Union Bank Of India	0.21%	0.20%
GMR Airports Limited	0.22%	0.20%
Siemens Limited	0.23%	0.20%
Aditya Birla Capital Limited	0.22%	0.20%
Ltm Limited	0.20%	0.23%
Bank of Baroda	0.19%	0.26%
National Aluminium Co Limited	0.23%	0.19%
UPL Limited	0.22%	0.19%
Muthoot Finance Limited	0.24%	0.18%
JSW Energy Limited	0.18%	0.19%
Bosch Limited	0.18%	0.24%
Mphasis Limited	0.21%	0.18%
Mankind Pharma Limited	0.20%	0.18%
Vishal Mega Mart Limited	0.19%	0.18%
Siemens Energy India Limited	0.21%	0.17%
Zydus Lifesciences Limited	0.17%	0.18%
Canara Bank	0.17%	0.25%
Indian Bank	0.17%	0.18%
NHPC Limited	0.19%	0.17%
NMDC Limited	0.19%	0.16%
Billionbrains Garage Ventures Limited	0.21%	0.16%
Havells India Limited	0.16%	0.16%
Tube Investments of India Limited	0.19%	0.16%
Oracle Financial Services Software Limited	0.16%	0.16%
Prestige Estates Projects Limited	0.21%	0.15%
Voltas Limited	0.17%	0.15%
Oil India Limited	0.15%	0.15%
Ambuja Cements Limited	0.18%	0.14%
Colgate Palmolive (India) Limited	0.16%	0.14%
Waaree Energies Limited	0.16%	0.14%
L&T Finance Limited	0.17%	0.14%
Page Industries Limited	0.14%	0.14%
Supreme Industries Limited	0.17%	0.14%
Godrej Properties Limited	0.18%	0.14%
Dabur India Limited	0.13%	0.14%
Oberoi Realty Limited	0.16%	0.13%
Tata Communications Limited	0.15%	0.12%
PI Industries Limited	0.12%	0.11%

Overlap: for each holding both funds own, the smaller of its two weights, added up. 88.7% means 88.7% 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
Sundaram Finance Limited	0.22%
Alkem Laboratories Limited	0.18%
Shree Cement Limited	0.17%
Jindal Stainless Limited	0.17%
Petronet LNG Limited	0.17%

Largest holdings only in Groww NIFTY 200 ETF

Security	% of fund
Coforge Limited	0.38%
Life Insurance Corporation Of India	0.31%
Adani Green Energy Limited	0.26%
SWIGGY LIMITED	0.23%
Max Financial Services Limited	0.22%

Asset and sector split

Share of each fund, from its latest monthly portfolio

Asset allocation

Asset	DSP MSCI India ETF	Groww NIFTY 200 ETF
Equity	99.5%	99.9%
Debt	0.0%	0.0%
Cash and others	0.5%	0.1%

Market cap of stocks

Market cap	DSP MSCI India ETF	Groww NIFTY 200 ETF
Large Cap	80.5%	79.6%
Mid Cap	19.0%	19.9%
Small Cap	0.0%	0.3%

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	Groww NIFTY 200 ETF
Banks	20.3%	22.2%
IT - Software	6.5%	6.4%
Petroleum Products	6.4%	5.8%
Finance	6.3%	5.9%
Automobiles	6.2%	5.5%
Pharmaceuticals & Biotechnology	5.6%	5.1%

The six largest sectors of each fund's stocks, % of the fund.

DSP MSCI India ETF vs Groww NIFTY 200 ETF: Expense Ratio

What each plan charges a year, from AMFI's expense ratio file

Charge	DSP MSCI India ETF	Groww NIFTY 200 ETF
Base expense ratio (Direct)	0.11%	0.35%
Base expense ratio (Regular)	0.00%	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.

DSP MSCI India ETF vs Groww NIFTY 200 ETF: Frequently Asked Questions

What is the difference between DSP MSCI India ETF and Groww NIFTY 200 ETF?

DSP MSCI India ETF is a mutual fund, Groww NIFTY 200 ETF is an ETF fund, run by DSP Mutual Fund and Groww Mutual Fund. Their portfolios overlap 88.7%. DSP MSCI India ETF charges 0.16% a year and Groww NIFTY 200 ETF 0.43%.

Which has the lower expense ratio, DSP MSCI India ETF or Groww NIFTY 200 ETF?

DSP MSCI India ETF charges less: 0.16% a year against 0.43%. These are the total expense ratios reported to AMFI.

How much do DSP MSCI India ETF and Groww NIFTY 200 ETF overlap?

88.7%. They hold 156 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.

Can I invest in both DSP MSCI India ETF and Groww NIFTY 200 ETF?

Yes. 88.7% of each fund's money sits in the same holdings, so a large part 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.