DSP MSCI India ETF vs Kotak MSCI India 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 Kotak MSCI India ETF is an ETF fund. DSP MSCI India ETF charges 0.16% a year and Kotak MSCI India ETF 0.24%. Their portfolios overlap 99.3%: they hold 164 of the same securities.
Which is better, DSP MSCI India ETF or Kotak MSCI India 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 0.24%.
- DSP MSCI India ETF fell less in its worst fall since 25-11-2025: −14.6% against −14.6%.
- Kotak MSCI India ETF is the larger fund: ₹1,749 Cr against ₹3 Cr.
- Their portfolios overlap 99.3%: 164 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 MSCI India ETF |
|---|---|---|
| Fund house | DSP Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Not available | ETF |
| AUM | ₹3 Cr (30-09-2026) | ₹1,749 Cr (30-09-2026) |
| NAV | ₹27.96 | ₹28.23 |
| Expense ratio (Direct) | Not available | Not available |
| Expense ratio (Regular) | Not available | Not available |
| Riskometer | Not available | Very High |
| Benchmark | Not available | MSCI India TRI |
| Launch date | Not available | 19-02-2025 |
| Minimum investment | Not available | Ongoing purchases directly from the Mutual Fund would be restricted to Market Makers and Large Investors (subject to transactions greater than INR 25 crores or such other amount as may be specified by SEBI from time to time) provided the value of units to |
| Lock in | Not available | None |
| Fund managers | Not available | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar |
| Exit load | Not available | NIL |
DSP MSCI India ETF vs Kotak MSCI India 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% | -- | -- | -- | -- |
| Kotak MSCI India ETF | +0.29% | −5.98% | −3.50% | −8.03% | -- | -- | -- |
DSP MSCI India ETF vs Kotak MSCI India ETF: Year-wise Returns
| Year | DSPDSP MSCI India ETF | KotakKotak MSCI India ETF |
|---|---|---|
| 2026to date | −8.97% | −8.95% |
DSP MSCI India ETF vs Kotak MSCI India ETF: Rolling Returns
Every holding period of both funds
DSP MSCI India ETF vs Kotak MSCI India 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 | Kotak MSCI India ETF |
|---|---|---|
| Return (CAGR) | −8.48% | +4.02% |
| Standard deviation | 14.60% | 13.78% |
| Sharpe ratio | -0.94 | -0.10 |
| Sortino ratio | -1.24 | -0.14 |
| Maximum drawdown | −14.6% (31-03-2026) | −14.6% (31-03-2026) |
| 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
Kotak MSCI India ETF
| 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% |
| Kotak MSCI India ETF | −14.6% | 02-01-2026 | 31-03-2026 | Not yet | -- | −10.1% |
From daily values since 25-11-2025, the first day every fund has.
DSP MSCI India ETF vs Kotak MSCI India ETF: Portfolio Overlap
From each fund's latest monthly portfolio: DSP MSCI India ETF, September 2026; Kotak MSCI India ETF, September 2026
Holdings in common
- Overlap
- 99.3%
- Held by both
- 164
- Only in DSP MSCI India ETF
- 0
- Only in Kotak MSCI India ETF
- 1
| Security | % of DSP MSCI India ETF | % of Kotak MSCI India ETF |
|---|---|---|
| HDFC Bank Limited | 6.44% | 6.44% |
| ICICI Bank Limited | 5.59% | 5.60% |
| Reliance Industries Limited | 5.44% | 5.44% |
| Bharti Airtel Limited | 3.93% | 3.93% |
| Infosys Limited | 2.41% | 2.41% |
| Axis Bank Limited | 2.25% | 2.25% |
| Mahindra & Mahindra Limited | 2.05% | 2.05% |
| Larsen & Toubro Limited | 2.02% | 2.02% |
| Bajaj Finance Limited | 1.90% | 1.91% |
| Kotak Mahindra Bank Limited | 1.82% | 1.82% |
| State Bank of India | 1.41% | 1.41% |
| Tata Consultancy Services Limited | 1.33% | 1.33% |
| Sun Pharmaceutical Industries Limited | 1.30% | 1.30% |
| Titan Co Limited | 1.29% | 1.30% |
| Eternal Limited | 1.22% | 1.22% |
| NTPC Limited | 1.12% | 1.12% |
| Maruti Suzuki India Limited | 1.11% | 1.13% |
| Tata Steel Limited | 1.10% | 1.10% |
| Shriram Finance Limited | 1.10% | 1.11% |
| Bharat Electronics Limited | 1.07% | 1.08% |
| Hindustan Unilever Limited | 1.05% | 1.06% |
| Hindalco Industries Limited | 0.97% | 0.97% |
| Divi's Laboratories Limited | 0.90% | 0.89% |
| Ultratech Cement Limited | 0.89% | 0.90% |
| Power Grid Corporation of India Limited | 0.87% | 0.87% |
| HCL Technologies Limited | 0.86% | 0.87% |
| Adani Ports and Special Economic Zone Limited | 0.83% | 0.83% |
| TVS Motor Co Limited | 0.78% | 0.78% |
| Eicher Motors Limited | 0.77% | 0.78% |
| Interglobe Aviation Limited | 0.75% | 0.75% |
| Asian Paints Limited | 0.73% | 0.74% |
| Grasim Industries Limited | 0.66% | 0.66% |
| Apollo Hospitals Enterprise Limited | 0.66% | 0.66% |
| Tech Mahindra Limited | 0.65% | 0.66% |
| ITC Limited | 0.63% | 0.63% |
| Hindustan Aeronautics Limited | 0.63% | 0.62% |
| Tata Motors Limited | 0.62% | 0.62% |
| JSW Steel Limited | 0.61% | 0.61% |
| SBI Life Insurance Co Limited | 0.61% | 0.61% |
| Nestle India Limited | 0.60% | 0.60% |
| Adani Enterprises Limited | 0.59% | 0.60% |
| Bajaj Auto Limited | 0.59% | 0.58% |
| Trent Limited | 0.56% | 0.56% |
| Cholamandalam Investment and Finance Co Limited | 0.55% | 0.55% |
| Samvardhana Motherson International Limited | 0.55% | 0.55% |
| Laurus Labs Limited | 0.55% | 0.55% |
| Cipla Limited | 0.54% | 0.54% |
| Torrent Pharmaceuticals Limited | 0.54% | 0.55% |
| Adani Power Limited | 0.53% | 0.53% |
| Bajaj Finserv Limited | 0.53% | 0.53% |
| Max Healthcare Institute Limited | 0.52% | 0.52% |
| Coal India Limited | 0.52% | 0.52% |
| One 97 Communications Limited | 0.51% | 0.51% |
| Hero MotoCorp Limited | 0.51% | 0.50% |
| Cummins India Limited | 0.50% | 0.50% |
| Dr. Reddy's Laboratories Limited | 0.49% | 0.49% |
| BSE Limited | 0.49% | 0.49% |
| Indian Hotels Co Limited | 0.48% | 0.48% |
| Federal Bank Limited | 0.46% | 0.46% |
| Oil & Natural Gas Corporation Limited | 0.46% | 0.46% |
| Jio Financial Services Limited | 0.46% | 0.46% |
| Vedanta Aluminium Metal Limited | 0.45% | 0.45% |
| Avenue Supermarts Limited | 0.44% | 0.44% |
| Varun Beverages Limited | 0.44% | 0.44% |
| AU Small Finance Bank Limited | 0.44% | 0.45% |
| CG Power and Industrial Solutions Limited | 0.43% | 0.43% |
| Tata Power Co Limited | 0.43% | 0.43% |
| Persistent Systems Limited | 0.43% | 0.43% |
| Tata Motors Passenger Vehicles Limited | 0.42% | 0.42% |
| Ge Vernova T&D India Limited | 0.42% | 0.43% |
| IndusInd Bank Limited | 0.41% | 0.41% |
| Tata Consumer Products Limited | 0.41% | 0.41% |
| Britannia Industries Limited | 0.41% | 0.42% |
| HDFC Life Insurance Co Limited | 0.41% | 0.41% |
| Bharat Heavy Electricals Limited | 0.40% | 0.40% |
| Bharat Petroleum Corporation Limited | 0.39% | 0.39% |
| Dixon Technologies (India) Limited | 0.40% | 0.38% |
| Indus Towers Limited | 0.37% | 0.37% |
| Lupin Limited | 0.37% | 0.37% |
| Solar Industries India Limited | 0.38% | 0.36% |
| Bharat Forge Limited | 0.36% | 0.37% |
| Lenskart Solutions Limited | 0.36% | 0.36% |
| HDFC Asset Management Co Limited | 0.35% | 0.35% |
| Power Finance Corporation Limited | 0.34% | 0.34% |
| Ashok Leyland Limited | 0.34% | 0.34% |
| Aurobindo Pharma Limited | 0.34% | 0.35% |
| Polycab India Limited | 0.34% | 0.34% |
| DLF Limited | 0.33% | 0.33% |
| Pidilite Industries Limited | 0.33% | 0.33% |
| Info Edge (India) Limited | 0.33% | 0.33% |
| Multi Commodity Exchange Of India Limited | 0.33% | 0.33% |
| Suzlon Energy Limited | 0.32% | 0.32% |
| Marico Limited | 0.32% | 0.33% |
| Jindal Steel Limited | 0.32% | 0.32% |
| GAIL (India) Limited | 0.31% | 0.31% |
| FSN E-Commerce Ventures Limited | 0.31% | 0.31% |
| APL Apollo Tubes Limited | 0.31% | 0.32% |
| ICICI Lombard General Insurance Co Limited | 0.31% | 0.31% |
| United Spirits Limited | 0.31% | 0.31% |
| Hitachi Energy India Limited | 0.35% | 0.30% |
| Fortis Healthcare Limited | 0.30% | 0.30% |
| Indian Oil Corporation Limited | 0.30% | 0.30% |
| PB Fintech Limited | 0.30% | 0.29% |
| Wipro Limited | 0.29% | 0.29% |
| Phoenix Mills Limited | 0.29% | 0.29% |
| REC Limited | 0.28% | 0.28% |
| Vedanta Limited | 0.28% | 0.28% |
| IDFC First Bank Limited | 0.27% | 0.27% |
| Hindustan Petroleum Corporation Limited | 0.27% | 0.27% |
| Vodafone Idea Limited | 0.27% | 0.27% |
| SRF Limited | 0.27% | 0.26% |
| Godrej Consumer Products Limited | 0.26% | 0.26% |
| Yes Bank Limited | 0.25% | 0.25% |
| Lodha Developers Limited | 0.25% | 0.25% |
| ABB India Limited | 0.24% | 0.25% |
| Muthoot Finance Limited | 0.24% | 0.24% |
| Bajaj Holdings & Investment Limited | 0.25% | 0.23% |
| Siemens Limited | 0.23% | 0.23% |
| National Aluminium Co Limited | 0.23% | 0.22% |
| UPL Limited | 0.22% | 0.22% |
| Sundaram Finance Limited | 0.22% | 0.22% |
| Aditya Birla Capital Limited | 0.22% | 0.23% |
| GMR Airports Limited | 0.22% | 0.22% |
| Adani Energy Solutions Limited | 0.22% | 0.22% |
| Billionbrains Garage Ventures Limited | 0.21% | 0.21% |
| Punjab National Bank | 0.21% | 0.21% |
| Siemens Energy India Limited | 0.21% | 0.21% |
| Union Bank Of India | 0.21% | 0.21% |
| Mphasis Limited | 0.21% | 0.20% |
| Prestige Estates Projects Limited | 0.21% | 0.20% |
| Ltm Limited | 0.20% | 0.21% |
| Mankind Pharma Limited | 0.20% | 0.21% |
| Vishal Mega Mart Limited | 0.19% | 0.19% |
| Bank of Baroda | 0.19% | 0.19% |
| NMDC Limited | 0.19% | 0.19% |
| NHPC Limited | 0.19% | 0.19% |
| Tube Investments of India Limited | 0.19% | 0.19% |
| Ambuja Cements Limited | 0.18% | 0.18% |
| JSW Energy Limited | 0.18% | 0.18% |
| Bosch Limited | 0.18% | 0.25% |
| Godrej Properties Limited | 0.18% | 0.18% |
| Alkem Laboratories Limited | 0.18% | 0.17% |
| Zydus Lifesciences Limited | 0.17% | 0.17% |
| Supreme Industries Limited | 0.17% | 0.17% |
| Jindal Stainless Limited | 0.17% | 0.17% |
| Voltas Limited | 0.17% | 0.17% |
| Petronet LNG Limited | 0.17% | 0.17% |
| Canara Bank | 0.17% | 0.17% |
| L&T Finance Limited | 0.17% | 0.17% |
| Indian Bank | 0.17% | 0.17% |
| Torrent Power Limited | 0.17% | 0.18% |
| Oberoi Realty Limited | 0.16% | 0.17% |
| Coromandel International Limited | 0.16% | 0.17% |
| Havells India Limited | 0.16% | 0.17% |
| Colgate Palmolive (India) Limited | 0.16% | 0.16% |
| Waaree Energies Limited | 0.16% | 0.16% |
| Oracle Financial Services Software Limited | 0.16% | 0.18% |
| Shree Cement Limited | 0.17% | 0.15% |
| Tata Communications Limited | 0.15% | 0.15% |
| Oil India Limited | 0.15% | 0.15% |
| Page Industries Limited | 0.14% | 0.18% |
| Dabur India Limited | 0.13% | 0.13% |
| ICICI Prudential Life Insurance Co Limited | 0.13% | 0.13% |
| PI Industries Limited | 0.12% | 0.13% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 99.3% means 99.3% 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
Every holding of this fund is also held by the other.
Largest holdings only in Kotak MSCI India ETF
| Security | % of fund |
|---|---|
| MRF Ltd. | 0.23% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP MSCI India ETF | Kotak MSCI India ETF |
|---|---|---|
| Equity | 99.5% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.5% | 0.0% |
Market cap of stocks
| Market cap | DSP MSCI India ETF | Kotak MSCI India ETF |
|---|---|---|
| Large Cap | 80.5% | 80.6% |
| Mid Cap | 19.0% | 19.4% |
| Small Cap | 0.0% | 0.0% |
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 MSCI India ETF |
|---|---|---|
| Banks | 20.3% | 20.3% |
| IT - Software | 6.5% | 6.6% |
| Petroleum Products | 6.4% | 6.4% |
| Finance | 6.3% | 6.3% |
| Automobiles | 6.2% | 6.2% |
| Pharmaceuticals and Biotechnology | 0.0% | 5.6% |
| Pharmaceuticals & Biotechnology | 5.6% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
DSP MSCI India ETF vs Kotak MSCI India ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP MSCI India ETF | Kotak MSCI India ETF |
|---|---|---|
| Base expense ratio (Direct) | 0.11% | 0.00% |
| Base expense ratio (Regular) | 0.00% | 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.
DSP MSCI India ETF vs Kotak MSCI India ETF: Frequently Asked Questions
What is the difference between DSP MSCI India ETF and Kotak MSCI India ETF?
DSP MSCI India ETF is a mutual fund, Kotak MSCI India ETF is an ETF fund, run by DSP Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 99.3%. DSP MSCI India ETF charges 0.16% a year and Kotak MSCI India ETF 0.24%.
Which has the lower expense ratio, DSP MSCI India ETF or Kotak MSCI India ETF?
DSP MSCI India ETF charges less: 0.16% a year against 0.24%. These are the total expense ratios reported to AMFI.
How much do DSP MSCI India ETF and Kotak MSCI India ETF overlap?
99.3%. They hold 164 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 MSCI India ETF?
Yes. 99.3% 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.