DSP MSCI India ETF vs Mirae Asset Large & Midcap 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 Large & Midcap Fund is a Large & Mid Cap fund. DSP MSCI India ETF charges 0.16% a year and Mirae Asset Large & Midcap Fund 0.87%. Their portfolios overlap 45.4%: they hold 58 of the same securities.
Mirae Asset Large & Midcap Fund
Large & Mid Cap
- Expense ratio
- 0.87%
- NAV
- ₹166.95
Which is better, DSP MSCI India ETF or Mirae Asset Large & Midcap? 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 0.87%.
- Mirae Asset Large & Midcap fell less in its worst fall since 25-11-2025: −14.4% against −14.6%.
- DSP MSCI India ETF holds more in large companies: 80.5% of the fund in large caps against 49.4%.
- Mirae Asset Large & Midcap is the larger fund: ₹42,834 Cr against ₹3 Cr.
- Their portfolios overlap 45.4%: 58 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 Large & Midcap Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | Mirae Asset Mutual Fund |
| Category | Not available | Large & Mid Cap |
| AUM | ₹3 Cr (30-09-2026) | ₹42,834 Cr (30-09-2026) |
| NAV | ₹27.96 | ₹166.95 (Direct) |
| Expense ratio (Direct) | Not available | 0.87% |
| Expense ratio (Regular) | Not available | 1.77% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty LargeMidcap 250 TRI |
| Launch date | Not available | 09-07-2010 |
| Minimum investment | Not available | Lumpsum purchase not allowed |
| Lock in | Not available | None |
| Fund managers | Not available | Neelesh Surana, Ankit Jain |
| Exit load | Not available | Exit load of 1% if redeemed within 1 year |
DSP MSCI India ETF vs Mirae Asset Large & Midcap: 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 Large & Midcap Fund (Direct) | −1.38% | −6.98% | −1.65% | −5.82% | +11.37% | +9.30% | +15.19% |
| Large & Mid Cap average | −1.78% | −5.20% | −0.43% | −3.99% | +13.28% | +11.36% | +13.62% |
Category average: the average of the 36 Large & Mid Cap funds, same plan type.
DSP MSCI India ETF vs Mirae Asset Large & Midcap: Year-wise Returns
| Year | DSP MSCI India ETFDSP MSCI India ETF | Mirae Asset Large & MidcapMirae Asset Large & Midcap |
|---|---|---|
| 2026to date | −8.97% | −6.48% |
| 2025 | -- | +10.22% |
| 2024 | -- | +16.65% |
| 2023 | -- | +30.59% |
| 2022 | -- | −0.47% |
| 2021 | -- | +40.57% |
DSP MSCI India ETF vs Mirae Asset Large & Midcap: Rolling Returns
Every holding period of both funds, against NIFTY LargeMidcap 250 TRI, the benchmark of Mirae Asset Large & Midcap Fund
DSP MSCI India ETF vs Mirae Asset Large & Midcap: 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 Large & Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.48% | +19.57% |
| Standard deviation | 14.60% | 15.90% |
| Sharpe ratio | -0.94 | 0.85 |
| Sortino ratio | -1.24 | 1.15 |
| Maximum drawdown | −14.6% (31-03-2026) | −36.9% (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
Mirae Asset Large & Midcap Fund (Direct)
NIFTY LargeMidcap 250 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% |
| Mirae Asset Large & Midcap Fund (Direct) | −14.4% | 02-01-2026 | 31-03-2026 | 31-07-2026 | 4 months | −8.2% |
| NIFTY LargeMidcap 250 TRI | −14.3% | 02-01-2026 | 30-03-2026 | 03-08-2026 | 4 months | −8.6% |
From daily values since 25-11-2025, the first day every fund has.
DSP MSCI India ETF vs Mirae Asset Large & Midcap: Portfolio Overlap
From each fund's latest monthly portfolio: DSP MSCI India ETF, September 2026; Mirae Asset Large & Midcap Fund, September 2026
Holdings in common
- Overlap
- 45.4%
- Held by both
- 58
- Only in DSP MSCI India ETF
- 106
- Only in Mirae Asset Large & Midcap
- 26
| Security | % of DSP MSCI India ETF | % of Mirae Asset Large & Midcap |
|---|---|---|
| HDFC Bank Limited | 6.44% | 6.40% |
| ICICI Bank Limited | 5.59% | 3.93% |
| Reliance Industries Limited | 5.44% | 2.92% |
| Bharti Airtel Limited | 3.93% | 2.81% |
| Axis Bank Limited | 2.25% | 3.46% |
| Larsen & Toubro Limited | 2.02% | 1.50% |
| State Bank of India | 1.41% | 2.98% |
| Sun Pharmaceutical Industries Limited | 1.30% | 1.26% |
| Infosys Limited | 2.41% | 1.25% |
| Tata Consultancy Services Limited | 1.33% | 1.18% |
| Maruti Suzuki India Limited | 1.11% | 1.34% |
| Kotak Mahindra Bank Limited | 1.82% | 1.10% |
| Tata Steel Limited | 1.10% | 1.04% |
| Mahindra & Mahindra Limited | 2.05% | 1.01% |
| Hindalco Industries Limited | 0.97% | 1.97% |
| Bharat Electronics Limited | 1.07% | 0.91% |
| Divi's Laboratories Limited | 0.90% | 1.52% |
| NTPC Limited | 1.12% | 0.88% |
| Interglobe Aviation Limited | 0.75% | 1.47% |
| ITC Limited | 0.63% | 1.09% |
| SBI Life Insurance Co Limited | 0.61% | 2.03% |
| Laurus Labs Limited | 0.55% | 4.10% |
| Hero MotoCorp Limited | 0.51% | 2.05% |
| One 97 Communications Limited | 0.51% | 0.94% |
| Cummins India Limited | 0.50% | 0.57% |
| Eternal Limited | 1.22% | 0.50% |
| Oil & Natural Gas Corporation Limited | 0.46% | 0.60% |
| Vedanta Aluminium Metal Limited | 0.45% | 1.36% |
| Apollo Hospitals Enterprise Limited | 0.66% | 0.43% |
| Tata Power Co Limited | 0.43% | 1.12% |
| Persistent Systems Limited | 0.43% | 1.41% |
| IndusInd Bank Limited | 0.41% | 1.52% |
| Dixon Technologies (India) Limited | 0.40% | 1.19% |
| Hindustan Aeronautics Limited | 0.63% | 0.40% |
| Lupin Limited | 0.37% | 1.87% |
| Bharat Forge Limited | 0.36% | 1.04% |
| Lenskart Solutions Limited | 0.36% | 1.22% |
| Multi Commodity Exchange Of India Limited | 0.33% | 0.52% |
| FSN E-Commerce Ventures Limited | 0.31% | 1.30% |
| United Spirits Limited | 0.31% | 0.69% |
| PB Fintech Limited | 0.30% | 1.42% |
| Hindustan Petroleum Corporation Limited | 0.27% | 0.46% |
| SRF Limited | 0.27% | 0.89% |
| Godrej Consumer Products Limited | 0.26% | 1.01% |
| Tata Motors Passenger Vehicles Limited | 0.42% | 0.24% |
| Aditya Birla Capital Limited | 0.22% | 0.42% |
| Billionbrains Garage Ventures Limited | 0.21% | 1.00% |
| Prestige Estates Projects Limited | 0.21% | 1.48% |
| L&T Finance Limited | 0.17% | 0.94% |
| Tata Communications Limited | 0.15% | 1.68% |
| PI Industries Limited | 0.12% | 0.99% |
| Bharat Heavy Electricals Limited | 0.40% | 0.05% |
| Federal Bank Limited | 0.46% | 0.03% |
| JSW Energy Limited | 0.18% | 0.03% |
| DLF Limited | 0.33% | 0.02% |
| Titan Co Limited | 1.29% | 0.02% |
| Power Finance Corporation Limited | 0.34% | 0.02% |
| Grasim Industries Limited | 0.66% | 0.00% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 45.4% means 45.4% 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 |
|---|---|
| Bajaj Finance Limited | 1.90% |
| Shriram Finance Limited | 1.10% |
| Hindustan Unilever Limited | 1.05% |
| Ultratech Cement Limited | 0.89% |
| Power Grid Corporation of India Limited | 0.87% |
Largest holdings only in Mirae Asset Large & Midcap Fund
| Security | % of fund |
|---|---|
| Steel Authority of India Ltd. | 2.25% |
| Delhivery Ltd. | 1.98% |
| HDB Financial Services Ltd. | 1.96% |
| Dalmia Bharat Ltd. | 1.81% |
| Narayana Hrudayalaya Ltd. | 1.75% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP MSCI India ETF | Mirae Asset Large & Midcap |
|---|---|---|
| Equity | 99.5% | 98.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.5% | 1.4% |
Market cap of stocks
| Market cap | DSP MSCI India ETF | Mirae Asset Large & Midcap |
|---|---|---|
| Large Cap | 80.5% | 49.4% |
| Mid Cap | 19.0% | 37.2% |
| Small Cap | 0.0% | 11.3% |
| Not on AMFI's list | 0.0% | 0.8% |
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 Large & Midcap |
|---|---|---|
| Banks | 20.3% | 19.4% |
| Pharmaceuticals & Biotechnology | 5.6% | 9.9% |
| IT - Software | 6.5% | 3.8% |
| Petroleum Products | 6.4% | 3.4% |
| Finance | 6.3% | 3.3% |
| Automobiles | 6.2% | 4.8% |
| Telecom - Services | 4.7% | 4.5% |
| Transport Services | 0.8% | 4.6% |
| Retailing | 3.4% | 4.5% |
The six largest sectors of each fund's stocks, % of the fund.
DSP MSCI India ETF vs Mirae Asset Large & Midcap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP MSCI India ETF | Mirae Asset Large & Midcap Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.87% |
| Base expense ratio (Direct) | 0.11% | 0.52% |
| Total expense ratio (Regular) | Not available | 1.77% |
| Base expense ratio (Regular) | 0.00% | 1.29% |
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
Compare Mirae Asset Large & Midcap with
DSP MSCI India ETF vs Mirae Asset Large & Midcap Fund: Frequently Asked Questions
What is the difference between DSP MSCI India ETF and Mirae Asset Large & Midcap Fund?
DSP MSCI India ETF is a mutual fund, Mirae Asset Large & Midcap Fund is a Large & Mid Cap fund, run by DSP Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 45.4%. DSP MSCI India ETF charges 0.16% a year and Mirae Asset Large & Midcap Fund 0.87%.
Which has the lower expense ratio, DSP MSCI India ETF or Mirae Asset Large & Midcap Fund?
DSP MSCI India ETF charges less: 0.16% a year against 0.87%. These are the total expense ratios reported to AMFI.
How much do DSP MSCI India ETF and Mirae Asset Large & Midcap Fund overlap?
45.4%. They hold 58 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 Mirae Asset Large & Midcap Fund?
Yes. 45.4% 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.