DSP MSCI India ETF vs Kotak Dividend Yield 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 Kotak Dividend Yield Fund is a Dividend Yield fund. DSP MSCI India ETF charges 0.16% a year and Kotak Dividend Yield Fund 1.14%. Their portfolios overlap 47.3%: they hold 47 of the same securities.
Which is better, DSP MSCI India ETF or Kotak Dividend Yield? 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 1.14%.
- Kotak Dividend Yield fell less in its worst fall since 03-02-2026: −12.3% against −13.5%.
- DSP MSCI India ETF holds more in large companies: 80.5% of the fund in large caps against 64.7%.
- Kotak Dividend Yield is the larger fund: ₹273 Cr against ₹3 Cr.
- Their portfolios overlap 47.3%: 47 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 | Kotak Dividend Yield Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Not available | Dividend Yield |
| AUM | ₹3 Cr (30-09-2026) | ₹273 Cr (30-09-2026) |
| NAV | ₹27.96 | ₹9.18 (Direct) |
| Expense ratio (Direct) | Not available | 1.14% |
| Expense ratio (Regular) | Not available | 2.57% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty 500 TRI |
| Launch date | Not available | 27-01-2026 |
| Minimum investment | Not available | ₹100 |
| Lock in | Not available | None |
| Fund managers | Not available | Shibani Sircar Kurian, Abhishek Bisen |
| Exit load | Not available | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 Year. |
DSP MSCI India ETF vs Kotak Dividend Yield: 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% | -- | -- | -- | -- |
| Kotak Dividend Yield Fund (Direct) | −0.42% | −6.96% | −4.01% | -- | -- | -- | -- |
| Dividend Yield average | −1.57% | −5.69% | −3.24% | -- | -- | -- | -- |
Category average: the average of the 12 Dividend Yield funds, same plan type.
DSP MSCI India ETF vs Kotak Dividend Yield: Year-wise Returns
| Year | DSP MSCI India ETFDSP MSCI India ETF | Kotak Dividend YieldKotak Dividend Yield |
|---|---|---|
| 2026to date | −8.97% | -- |
DSP MSCI India ETF vs Kotak Dividend Yield: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Kotak Dividend Yield Fund
DSP MSCI India ETF vs Kotak Dividend Yield: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP MSCI India ETF | Kotak Dividend Yield Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.48% | −11.19% |
| Standard deviation | 14.60% | 14.22% |
| Sharpe ratio | -0.94 | -1.15 |
| Sortino ratio | -1.24 | -1.49 |
| Maximum drawdown | −14.6% (31-03-2026) | −12.3% (30-03-2026) |
| Beta | -- | 0.90 |
| Alpha | -- | −4.62% |
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
Kotak Dividend Yield Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP MSCI India ETF | −13.5% | 11-02-2026 | 31-03-2026 | Not yet | -- | −8.9% |
| Kotak Dividend Yield Fund (Direct) | −12.3% | 18-02-2026 | 30-03-2026 | Not yet | -- | −9.2% |
| Nifty 500 TRI | −13.6% | 11-02-2026 | 30-03-2026 | 03-08-2026 | 4 months | −7.9% |
From daily values since 03-02-2026, the first day every fund has.
DSP MSCI India ETF vs Kotak Dividend Yield: Portfolio Overlap
From each fund's latest monthly portfolio: DSP MSCI India ETF, September 2026; Kotak Dividend Yield Fund, September 2026
Holdings in common
- Overlap
- 47.3%
- Held by both
- 47
- Only in DSP MSCI India ETF
- 117
- Only in Kotak Dividend Yield
- 10
| Security | % of DSP MSCI India ETF | % of Kotak Dividend Yield |
|---|---|---|
| HDFC Bank Limited | 6.44% | 5.55% |
| ICICI Bank Limited | 5.59% | 4.94% |
| Reliance Industries Limited | 5.44% | 2.62% |
| Bharti Airtel Limited | 3.93% | 2.62% |
| Larsen & Toubro Limited | 2.02% | 2.54% |
| Axis Bank Limited | 2.25% | 1.81% |
| Infosys Limited | 2.41% | 1.45% |
| State Bank of India | 1.41% | 2.51% |
| Sun Pharmaceutical Industries Limited | 1.30% | 2.16% |
| Titan Co Limited | 1.29% | 1.48% |
| Tata Consultancy Services Limited | 1.33% | 1.19% |
| Bajaj Finance Limited | 1.90% | 1.15% |
| NTPC Limited | 1.12% | 2.20% |
| Maruti Suzuki India Limited | 1.11% | 1.65% |
| Tata Steel Limited | 1.10% | 1.51% |
| Shriram Finance Limited | 1.10% | 1.95% |
| Bharat Electronics Limited | 1.07% | 1.42% |
| Hindalco Industries Limited | 0.97% | 1.02% |
| Mahindra & Mahindra Limited | 2.05% | 0.90% |
| Ultratech Cement Limited | 0.89% | 1.68% |
| Power Grid Corporation of India Limited | 0.87% | 1.43% |
| TVS Motor Co Limited | 0.78% | 1.96% |
| Apollo Hospitals Enterprise Limited | 0.66% | 2.01% |
| Tech Mahindra Limited | 0.65% | 1.17% |
| Cholamandalam Investment and Finance Co Limited | 0.55% | 1.69% |
| Torrent Pharmaceuticals Limited | 0.54% | 0.88% |
| Max Healthcare Institute Limited | 0.52% | 2.03% |
| Coal India Limited | 0.52% | 0.90% |
| Hero MotoCorp Limited | 0.51% | 0.74% |
| BSE Limited | 0.49% | 0.70% |
| Persistent Systems Limited | 0.43% | 1.16% |
| Oil & Natural Gas Corporation Limited | 0.46% | 0.41% |
| IndusInd Bank Limited | 0.41% | 2.00% |
| Britannia Industries Limited | 0.41% | 1.36% |
| Solar Industries India Limited | 0.38% | 2.64% |
| Indus Towers Limited | 0.37% | 1.84% |
| Bharat Forge Limited | 0.36% | 1.38% |
| HDFC Asset Management Co Limited | 0.35% | 1.51% |
| Power Finance Corporation Limited | 0.34% | 0.89% |
| Ashok Leyland Limited | 0.34% | 0.86% |
| DLF Limited | 0.33% | 0.84% |
| GAIL (India) Limited | 0.31% | 1.00% |
| United Spirits Limited | 0.31% | 1.49% |
| Hindustan Petroleum Corporation Limited | 0.27% | 0.62% |
| Bank of Baroda | 0.19% | 1.08% |
| Petronet LNG Limited | 0.17% | 0.76% |
| L&T Finance Limited | 0.17% | 0.87% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 47.3% means 47.3% 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 |
|---|---|
| Kotak Mahindra Bank Limited | 1.82% |
| Eternal Limited | 1.22% |
| Hindustan Unilever Limited | 1.05% |
| Divi's Laboratories Limited | 0.90% |
| HCL Technologies Limited | 0.86% |
Largest holdings only in Kotak Dividend Yield Fund
| Security | % of fund |
|---|---|
| Schaeffler India Ltd | 2.74% |
| BANK OF MAHARASHTRA | 2.39% |
| KARUR VYSYA BANK LTD. | 2.38% |
| Ujjivan Small Finance Bank Ltd. | 2.15% |
| ASTER DM HEALTHCARE LTD | 2.07% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP MSCI India ETF | Kotak Dividend Yield |
|---|---|---|
| Equity | 99.5% | 94.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.5% | 5.9% |
Market cap of stocks
| Market cap | DSP MSCI India ETF | Kotak Dividend Yield |
|---|---|---|
| Large Cap | 80.5% | 64.7% |
| Mid Cap | 19.0% | 22.9% |
| Small Cap | 0.0% | 6.5% |
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 | Kotak Dividend Yield |
|---|---|---|
| Banks | 20.3% | 24.8% |
| Finance | 6.3% | 8.3% |
| IT - Software | 6.5% | 5.0% |
| Petroleum Products | 6.4% | 3.2% |
| Automobiles | 6.2% | 5.3% |
| Pharmaceuticals and Biotechnology | 0.0% | 6.2% |
| Healthcare Services | 1.5% | 6.1% |
| Pharmaceuticals & Biotechnology | 5.6% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
DSP MSCI India ETF vs Kotak Dividend Yield: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP MSCI India ETF | Kotak Dividend Yield Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.14% |
| Base expense ratio (Direct) | 0.11% | 0.90% |
| Total expense ratio (Regular) | Not available | 2.57% |
| Base expense ratio (Regular) | 0.00% | 2.10% |
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 MSCI India ETF vs Kotak Dividend Yield Fund: Frequently Asked Questions
What is the difference between DSP MSCI India ETF and Kotak Dividend Yield Fund?
DSP MSCI India ETF is a mutual fund, Kotak Dividend Yield Fund is a Dividend Yield fund, run by DSP Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 47.3%. DSP MSCI India ETF charges 0.16% a year and Kotak Dividend Yield Fund 1.14%.
Which has the lower expense ratio, DSP MSCI India ETF or Kotak Dividend Yield Fund?
DSP MSCI India ETF charges less: 0.16% a year against 1.14%. These are the total expense ratios reported to AMFI.
How much do DSP MSCI India ETF and Kotak Dividend Yield Fund overlap?
47.3%. They hold 47 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 Kotak Dividend Yield Fund?
Yes. 47.3% 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.