DSP MSCI India ETF vs ICICI Prudential Balanced Advantage 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 ICICI Prudential Balanced Advantage Fund is a Balanced Advantage fund. DSP MSCI India ETF charges 0.16% a year and ICICI Prudential Balanced Advantage Fund 1.03%. Their portfolios overlap 50.7%: they hold 77 of the same securities.
ICICI Prudential Balanced Advantage Fund
Balanced Advantage
- Expense ratio
- 1.03%
- NAV
- ₹85.81
Which is better, DSP MSCI India ETF or ICICI Prudential Balanced Advantage? 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 1.03%.
- ICICI Prudential Balanced Advantage fell less in its worst fall since 25-11-2025: −8.2% against −14.6%.
- DSP MSCI India ETF holds more in large companies: 80.5% of the fund in large caps against 60.8%.
- ICICI Prudential Balanced Advantage is the larger fund: ₹71,913 Cr against ₹3 Cr.
- Their portfolios overlap 50.7%: 77 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 | ICICI Prudential Balanced Advantage Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Not available | Balanced Advantage |
| AUM | ₹3 Cr (30-09-2026) | ₹71,913 Cr (30-09-2026) |
| NAV | ₹27.96 | ₹85.81 (Direct) |
| Expense ratio (Direct) | Not available | 1.03% |
| Expense ratio (Regular) | Not available | 1.56% |
| Riskometer | Not available | Not available |
| Benchmark | Not available | CRISIL Hybrid 50+50 - Moderate Index |
| Launch date | Not available | 30-12-2006 |
| Minimum investment | Not available | ₹500 |
| Lock in | Not available | None |
| Fund managers | Not available | Rajat Chandak, Manish Banthia, Akhil Kakkar, Sri Sharma, Sharmila D'silva |
| Exit load | Not available | • NIL - If units purchased or switched in from another scheme of the Fund are redeemed or switched out upto 30% of the units (the limit) purchased or switched within 1 year from the date of allotment. • 1% of the applicable NAV - If units purchased or switched in from another scheme of the Fund are redeemed or switched out in excess of the limit within 1 year from the date of allotment. • NIL - If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 1 year from the date of allotment. |
DSP MSCI India ETF vs ICICI Prudential Balanced Advantage: 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% | -- | -- | -- | -- |
| ICICI Prudential Balanced Advantage Fund (Direct) | +0.15% | −3.08% | +1.18% | +0.30% | +10.55% | +9.90% | +10.97% |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | +9.91% |
Category average: the average of the 38 Balanced Advantage funds, same plan type.
DSP MSCI India ETF vs ICICI Prudential Balanced Advantage: Year-wise Returns
| Year | DSP MSCI India ETFDSP MSCI India ETF | ICICI Prudential Balanced AdvantageICICI Prudential Balanced Advantage |
|---|---|---|
| 2026to date | −8.97% | −1.16% |
| 2025 | -- | +12.87% |
| 2024 | -- | +12.98% |
| 2023 | -- | +17.24% |
| 2022 | -- | +8.62% |
| 2021 | -- | +15.86% |
DSP MSCI India ETF vs ICICI Prudential Balanced Advantage: Rolling Returns
Every holding period of both funds
DSP MSCI India ETF vs ICICI Prudential Balanced Advantage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP MSCI India ETF | ICICI Prudential Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.48% | +12.24% |
| Standard deviation | 14.60% | 8.87% |
| Sharpe ratio | -0.94 | 0.70 |
| Sortino ratio | -1.24 | 0.95 |
| Maximum drawdown | −14.6% (31-03-2026) | −27.0% (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
ICICI Prudential Balanced Advantage 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% |
| ICICI Prudential Balanced Advantage Fund (Direct) | −8.2% | 11-02-2026 | 30-03-2026 | 03-07-2026 | 3 months | −4.9% |
From daily values since 25-11-2025, the first day every fund has.
DSP MSCI India ETF vs ICICI Prudential Balanced Advantage: Portfolio Overlap
From each fund's latest monthly portfolio: DSP MSCI India ETF, September 2026; ICICI Prudential Balanced Advantage Fund, September 2026
Holdings in common
- Overlap
- 50.7%
- Held by both
- 77
- Only in DSP MSCI India ETF
- 87
- Only in ICICI Prudential Balanced Advantage
- 131
| Security | % of DSP MSCI India ETF | % of ICICI Prudential Balanced Advantage |
|---|---|---|
| ICICI Bank Limited | 5.59% | 4.15% |
| HDFC Bank Limited | 6.44% | 3.41% |
| Reliance Industries Limited | 5.44% | 2.54% |
| Infosys Limited | 2.41% | 2.27% |
| Axis Bank Limited | 2.25% | 2.04% |
| Bharti Airtel Limited | 3.93% | 1.91% |
| Larsen & Toubro Limited | 2.02% | 1.86% |
| Kotak Mahindra Bank Limited | 1.82% | 1.57% |
| State Bank of India | 1.41% | 1.97% |
| Eternal Limited | 1.22% | 2.18% |
| Maruti Suzuki India Limited | 1.11% | 1.79% |
| Mahindra & Mahindra Limited | 2.05% | 1.08% |
| Titan Co Limited | 1.29% | 1.02% |
| Bajaj Finance Limited | 1.90% | 0.99% |
| NTPC Limited | 1.12% | 0.92% |
| HCL Technologies Limited | 0.86% | 1.08% |
| Tata Steel Limited | 1.10% | 0.81% |
| TVS Motor Co Limited | 0.78% | 6.31% |
| Sun Pharmaceutical Industries Limited | 1.30% | 0.77% |
| Hindalco Industries Limited | 0.97% | 0.77% |
| Interglobe Aviation Limited | 0.75% | 1.48% |
| Shriram Finance Limited | 1.10% | 0.73% |
| Ultratech Cement Limited | 0.89% | 0.68% |
| Apollo Hospitals Enterprise Limited | 0.66% | 0.79% |
| Tata Motors Limited | 0.62% | 0.98% |
| SBI Life Insurance Co Limited | 0.61% | 0.71% |
| Hindustan Aeronautics Limited | 0.63% | 0.58% |
| Trent Limited | 0.56% | 1.28% |
| Cholamandalam Investment and Finance Co Limited | 0.55% | 0.71% |
| Samvardhana Motherson International Limited | 0.55% | 0.81% |
| Tech Mahindra Limited | 0.65% | 0.54% |
| Bajaj Finserv Limited | 0.53% | 0.55% |
| Bharat Electronics Limited | 1.07% | 0.53% |
| Adani Ports and Special Economic Zone Limited | 0.83% | 0.50% |
| Cummins India Limited | 0.50% | 0.46% |
| Avenue Supermarts Limited | 0.44% | 1.58% |
| Tata Consultancy Services Limited | 1.33% | 0.43% |
| CG Power and Industrial Solutions Limited | 0.43% | 0.48% |
| Britannia Industries Limited | 0.41% | 1.08% |
| Divi's Laboratories Limited | 0.90% | 0.39% |
| Cipla Limited | 0.54% | 0.38% |
| Torrent Pharmaceuticals Limited | 0.54% | 0.36% |
| HDFC Asset Management Co Limited | 0.35% | 0.78% |
| Polycab India Limited | 0.34% | 0.64% |
| Pidilite Industries Limited | 0.33% | 0.40% |
| Info Edge (India) Limited | 0.33% | 0.35% |
| Multi Commodity Exchange Of India Limited | 0.33% | 0.53% |
| Vedanta Aluminium Metal Limited | 0.45% | 0.32% |
| Bharat Petroleum Corporation Limited | 0.39% | 0.32% |
| HDFC Life Insurance Co Limited | 0.41% | 0.30% |
| Indian Hotels Co Limited | 0.48% | 0.30% |
| Eicher Motors Limited | 0.77% | 0.30% |
| PB Fintech Limited | 0.30% | 0.57% |
| Phoenix Mills Limited | 0.29% | 0.48% |
| Hindustan Petroleum Corporation Limited | 0.27% | 0.29% |
| FSN E-Commerce Ventures Limited | 0.31% | 0.26% |
| IndusInd Bank Limited | 0.41% | 0.25% |
| ICICI Lombard General Insurance Co Limited | 0.31% | 0.25% |
| Hindustan Unilever Limited | 1.05% | 0.24% |
| Lenskart Solutions Limited | 0.36% | 0.23% |
| Indus Towers Limited | 0.37% | 0.23% |
| Muthoot Finance Limited | 0.24% | 0.22% |
| Vedanta Limited | 0.28% | 0.20% |
| Dr. Reddy's Laboratories Limited | 0.49% | 0.17% |
| Jindal Steel Limited | 0.32% | 0.15% |
| Ge Vernova T&D India Limited | 0.42% | 0.14% |
| ITC Limited | 0.63% | 0.14% |
| ABB India Limited | 0.24% | 0.14% |
| Shree Cement Limited | 0.17% | 0.13% |
| PI Industries Limited | 0.12% | 0.48% |
| Mankind Pharma Limited | 0.20% | 0.11% |
| Voltas Limited | 0.17% | 0.09% |
| NHPC Limited | 0.19% | 0.08% |
| JSW Steel Limited | 0.61% | 0.08% |
| Asian Paints Limited | 0.73% | 0.08% |
| Max Healthcare Institute Limited | 0.52% | 0.06% |
| Mphasis Limited | 0.21% | 0.05% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 50.7% means 50.7% 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 |
|---|---|
| Power Grid Corporation of India Limited | 0.87% |
| Grasim Industries Limited | 0.66% |
| Nestle India Limited | 0.60% |
| Adani Enterprises Limited | 0.59% |
| Bajaj Auto Limited | 0.59% |
Largest holdings only in ICICI Prudential Balanced Advantage Fund
| Security | % of fund |
|---|---|
| EMBASSY OFFICE PARKS REIT | 2.80% |
| Government Securities | 2.71% |
| Government Securities | 1.09% |
| Cholamandalam Investment And Finance Company Ltd. | 0.97% |
| 360 One Wam Ltd. | 0.83% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP MSCI India ETF | ICICI Prudential Balanced Advantage |
|---|---|---|
| Equity | 99.5% | 71.0% |
| Debt | 0.0% | 21.2% |
| Cash and others | 0.5% | 7.8% |
Market cap of stocks
| Market cap | DSP MSCI India ETF | ICICI Prudential Balanced Advantage |
|---|---|---|
| Large Cap | 80.5% | 60.8% |
| Mid Cap | 19.0% | 6.8% |
| Small Cap | 0.0% | 3.1% |
| Not on AMFI's list | 0.0% | 0.2% |
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 | ICICI Prudential Balanced Advantage |
|---|---|---|
| Banks | 20.3% | 13.4% |
| Automobiles | 6.2% | 9.5% |
| IT - Software | 6.5% | 0.0% |
| Petroleum Products | 6.4% | 3.1% |
| Finance | 6.3% | 3.2% |
| Retailing | 3.4% | 5.9% |
| Pharmaceuticals & Biotechnology | 5.6% | 2.3% |
| It - Software | 0.0% | 4.6% |
The six largest sectors of each fund's stocks, % of the fund.
DSP MSCI India ETF vs ICICI Prudential Balanced Advantage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP MSCI India ETF | ICICI Prudential Balanced Advantage Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.03% |
| Base expense ratio (Direct) | 0.11% | 0.71% |
| Total expense ratio (Regular) | Not available | 1.56% |
| Base expense ratio (Regular) | 0.00% | 1.15% |
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
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DSP MSCI India ETF vs ICICI Prudential Balanced Advantage Fund: Frequently Asked Questions
What is the difference between DSP MSCI India ETF and ICICI Prudential Balanced Advantage Fund?
DSP MSCI India ETF is a mutual fund, ICICI Prudential Balanced Advantage Fund is a Balanced Advantage fund, run by DSP Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 50.7%. DSP MSCI India ETF charges 0.16% a year and ICICI Prudential Balanced Advantage Fund 1.03%.
Which has the lower expense ratio, DSP MSCI India ETF or ICICI Prudential Balanced Advantage Fund?
DSP MSCI India ETF charges less: 0.16% a year against 1.03%. These are the total expense ratios reported to AMFI.
How much do DSP MSCI India ETF and ICICI Prudential Balanced Advantage Fund overlap?
50.7%. They hold 77 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Can I invest in both DSP MSCI India ETF and ICICI Prudential Balanced Advantage Fund?
Yes. 50.7% 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.