DSP MSCI India ETF vs Mirae Asset 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 Mirae Asset Balanced Advantage Fund is a Balanced Advantage fund. DSP MSCI India ETF charges 0.16% a year and Mirae Asset Balanced Advantage Fund 0.99%. Their portfolios overlap 45.0%: they hold 67 of the same securities.
Mirae Asset Balanced Advantage Fund
Balanced Advantage
- Expense ratio
- 0.99%
- NAV
- ₹15.20
Which is better, DSP MSCI India ETF or Mirae Asset 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 0.99%.
- Mirae Asset Balanced Advantage fell less in its worst fall since 25-11-2025: −7.1% against −14.6%.
- DSP MSCI India ETF holds more in large companies: 80.5% of the fund in large caps against 46.6%.
- Mirae Asset Balanced Advantage is the larger fund: ₹2,109 Cr against ₹3 Cr.
- Their portfolios overlap 45.0%: 67 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 | Mirae Asset Balanced Advantage Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | Mirae Asset Mutual Fund |
| Category | Not available | Balanced Advantage |
| AUM | ₹3 Cr (30-09-2026) | ₹2,109 Cr (30-09-2026) |
| NAV | ₹27.96 | ₹15.20 (Direct) |
| Expense ratio (Direct) | Not available | 0.99% |
| Expense ratio (Regular) | Not available | 2.29% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | NIFTY 50 Hybrid Composite Debt 50:50 Index |
| Launch date | Not available | 11-08-2022 |
| Minimum investment | Not available | ₹5,000 |
| Lock in | Not available | None |
| Fund managers | Not available | Harshad Borawake, Basant Bafna |
| Exit load | Not available | Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 180 Days. |
DSP MSCI India ETF vs Mirae Asset 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% | -- | -- | -- | -- |
| Mirae Asset Balanced Advantage Fund (Direct) | −0.24% | −1.80% | +0.68% | +0.72% | +10.13% | -- | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | -- | -- |
Category average: the average of the 38 Balanced Advantage funds, same plan type.
DSP MSCI India ETF vs Mirae Asset Balanced Advantage: Year-wise Returns
| Year | DSP MSCI India ETFDSP MSCI India ETF | Mirae Asset Balanced AdvantageMirae Asset Balanced Advantage |
|---|---|---|
| 2026to date | −8.97% | −0.48% |
| 2025 | -- | +10.10% |
| 2024 | -- | +12.72% |
| 2023 | -- | +19.85% |
DSP MSCI India ETF vs Mirae Asset Balanced Advantage: Rolling Returns
Every holding period of both funds
DSP MSCI India ETF vs Mirae Asset 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 | Mirae Asset Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.48% | +10.40% |
| Standard deviation | 14.60% | 7.00% |
| Sharpe ratio | -0.94 | 0.61 |
| Sortino ratio | -1.24 | 0.84 |
| Maximum drawdown | −14.6% (31-03-2026) | −7.5% (28-02-2025) |
| 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
Mirae Asset 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% |
| Mirae Asset Balanced Advantage Fund (Direct) | −7.1% | 11-02-2026 | 30-03-2026 | 02-07-2026 | 3 months | −3.0% |
From daily values since 25-11-2025, the first day every fund has.
DSP MSCI India ETF vs Mirae Asset Balanced Advantage: Portfolio Overlap
From each fund's latest monthly portfolio: DSP MSCI India ETF, September 2026; Mirae Asset Balanced Advantage Fund, September 2026
Holdings in common
- Overlap
- 45.0%
- Held by both
- 67
- Only in DSP MSCI India ETF
- 97
- Only in Mirae Asset Balanced Advantage
- 66
| Security | % of DSP MSCI India ETF | % of Mirae Asset Balanced Advantage |
|---|---|---|
| HDFC Bank Limited | 6.44% | 4.70% |
| ICICI Bank Limited | 5.59% | 3.52% |
| Bharti Airtel Limited | 3.93% | 2.82% |
| Reliance Industries Limited | 5.44% | 2.72% |
| Axis Bank Limited | 2.25% | 1.74% |
| Mahindra & Mahindra Limited | 2.05% | 1.52% |
| State Bank of India | 1.41% | 2.64% |
| Kotak Mahindra Bank Limited | 1.82% | 1.12% |
| Larsen & Toubro Limited | 2.02% | 1.11% |
| Tata Steel Limited | 1.10% | 1.44% |
| Shriram Finance Limited | 1.10% | 1.17% |
| Eternal Limited | 1.22% | 1.06% |
| Sun Pharmaceutical Industries Limited | 1.30% | 1.05% |
| Titan Co Limited | 1.29% | 1.02% |
| Maruti Suzuki India Limited | 1.11% | 0.98% |
| Bajaj Finance Limited | 1.90% | 0.94% |
| Hindalco Industries Limited | 0.97% | 0.89% |
| Divi's Laboratories Limited | 0.90% | 0.86% |
| Adani Ports and Special Economic Zone Limited | 0.83% | 0.95% |
| TVS Motor Co Limited | 0.78% | 0.95% |
| Infosys Limited | 2.41% | 0.77% |
| Tata Consultancy Services Limited | 1.33% | 0.76% |
| NTPC Limited | 1.12% | 0.67% |
| Bharat Electronics Limited | 1.07% | 0.66% |
| SBI Life Insurance Co Limited | 0.61% | 1.39% |
| Laurus Labs Limited | 0.55% | 1.24% |
| JSW Steel Limited | 0.61% | 0.53% |
| ITC Limited | 0.63% | 0.46% |
| Dr. Reddy's Laboratories Limited | 0.49% | 0.45% |
| Vedanta Aluminium Metal Limited | 0.45% | 0.61% |
| Avenue Supermarts Limited | 0.44% | 0.67% |
| Varun Beverages Limited | 0.44% | 0.58% |
| Bharat Petroleum Corporation Limited | 0.39% | 0.56% |
| Torrent Pharmaceuticals Limited | 0.54% | 0.36% |
| Adani Enterprises Limited | 0.59% | 0.36% |
| Tata Motors Passenger Vehicles Limited | 0.42% | 0.35% |
| Oil & Natural Gas Corporation Limited | 0.46% | 0.34% |
| Multi Commodity Exchange Of India Limited | 0.33% | 0.89% |
| Jindal Steel Limited | 0.32% | 0.55% |
| Apollo Hospitals Enterprise Limited | 0.66% | 0.31% |
| Aurobindo Pharma Limited | 0.34% | 0.31% |
| Ultratech Cement Limited | 0.89% | 0.26% |
| Godrej Consumer Products Limited | 0.26% | 0.38% |
| Tech Mahindra Limited | 0.65% | 0.25% |
| Siemens Energy India Limited | 0.21% | 0.23% |
| Mphasis Limited | 0.21% | 0.25% |
| Power Finance Corporation Limited | 0.34% | 0.20% |
| Vishal Mega Mart Limited | 0.19% | 0.28% |
| BSE Limited | 0.49% | 0.18% |
| Eicher Motors Limited | 0.77% | 0.18% |
| Ambuja Cements Limited | 0.18% | 0.74% |
| JSW Energy Limited | 0.18% | 0.46% |
| Canara Bank | 0.17% | 0.28% |
| Interglobe Aviation Limited | 0.75% | 0.17% |
| HDFC Life Insurance Co Limited | 0.41% | 0.17% |
| HDFC Asset Management Co Limited | 0.35% | 0.16% |
| Federal Bank Limited | 0.46% | 0.14% |
| Nestle India Limited | 0.60% | 0.13% |
| United Spirits Limited | 0.31% | 0.11% |
| Tata Power Co Limited | 0.43% | 0.08% |
| Bank of Baroda | 0.19% | 0.08% |
| Indian Hotels Co Limited | 0.48% | 0.08% |
| Bharat Heavy Electricals Limited | 0.40% | 0.08% |
| Ashok Leyland Limited | 0.34% | 0.06% |
| Punjab National Bank | 0.21% | 0.05% |
| Cipla Limited | 0.54% | 0.04% |
| Asian Paints Limited | 0.73% | 0.03% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 45.0% means 45.0% 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 |
|---|---|
| Hindustan Unilever Limited | 1.05% |
| Power Grid Corporation of India Limited | 0.87% |
| HCL Technologies Limited | 0.86% |
| Grasim Industries Limited | 0.66% |
| Hindustan Aeronautics Limited | 0.63% |
Largest holdings only in Mirae Asset Balanced Advantage Fund
| Security | % of fund |
|---|---|
| 7.18% Government of India (MD 14/08/2033) | 3.34% |
| 7.60% Torrent Pharmaceuticals Ltd. (MD 19/01/2029) | 2.34% |
| 7.53% Bajaj Housing Finance Ltd. (MD 28/09/2029) | 2.33% |
| 7.63% Mindspace Business Parks Reit (MD 26/09/2028) | 2.31% |
| 7.10% Government of India (MD 08/04/2034) | 1.63% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP MSCI India ETF | Mirae Asset Balanced Advantage |
|---|---|---|
| Equity | 99.5% | 66.2% |
| Debt | 0.0% | 29.4% |
| Cash and others | 0.5% | 4.5% |
Market cap of stocks
| Market cap | DSP MSCI India ETF | Mirae Asset Balanced Advantage |
|---|---|---|
| Large Cap | 80.5% | 46.6% |
| Mid Cap | 19.0% | 7.6% |
| Small Cap | 0.0% | 9.2% |
| Not on AMFI's list | 0.0% | 2.8% |
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 | Mirae Asset Balanced Advantage |
|---|---|---|
| Banks | 20.3% | 14.3% |
| IT - Software | 6.5% | 2.3% |
| Petroleum Products | 6.4% | 3.3% |
| Finance | 6.3% | 2.3% |
| Automobiles | 6.2% | 4.0% |
| Pharmaceuticals & Biotechnology | 5.6% | 6.1% |
| Telecom - Services | 4.7% | 2.8% |
| Consumer Durables | 2.8% | 2.8% |
The six largest sectors of each fund's stocks, % of the fund.
DSP MSCI India ETF vs Mirae Asset Balanced Advantage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP MSCI India ETF | Mirae Asset Balanced Advantage Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.99% |
| Base expense ratio (Direct) | 0.11% | 0.65% |
| Total expense ratio (Regular) | Not available | 2.29% |
| Base expense ratio (Regular) | 0.00% | 1.75% |
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.
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DSP MSCI India ETF vs Mirae Asset Balanced Advantage Fund: Frequently Asked Questions
What is the difference between DSP MSCI India ETF and Mirae Asset Balanced Advantage Fund?
DSP MSCI India ETF is a mutual fund, Mirae Asset Balanced Advantage Fund is a Balanced Advantage fund, run by DSP Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 45.0%. DSP MSCI India ETF charges 0.16% a year and Mirae Asset Balanced Advantage Fund 0.99%.
Which has the lower expense ratio, DSP MSCI India ETF or Mirae Asset Balanced Advantage Fund?
DSP MSCI India ETF charges less: 0.16% a year against 0.99%. These are the total expense ratios reported to AMFI.
How much do DSP MSCI India ETF and Mirae Asset Balanced Advantage Fund overlap?
45.0%. They hold 67 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Can I invest in both DSP MSCI India ETF and Mirae Asset Balanced Advantage Fund?
Yes. 45.0% 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.