DSP MSCI India ETF vs Motilal Oswal Nifty 100 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 Motilal Oswal Nifty 100 ETF is an ETF fund. DSP MSCI India ETF charges 0.16% a year and Motilal Oswal Nifty 100 ETF 0.68%. Their portfolios overlap 80.8%: they hold 94 of the same securities.

DSP MSCI India ETF

Expense ratio: 0.16%
NAV: ₹27.96

See DSP MSCI India ETF

Motilal Oswal Nifty 100 ETF

ETF

Expense ratio: 0.68%
NAV: ₹24.13

See Motilal Oswal Nifty 100 ETF

Which is better, DSP MSCI India ETF or Motilal Oswal Nifty 100 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 0.68%.
DSP MSCI India ETF fell less in its worst fall since 25-11-2025: −14.6% against −15.0%.
Motilal Oswal Nifty 100 ETF holds more in large companies: 98.0% of the fund in large caps against 80.5%.
Motilal Oswal Nifty 100 ETF is the larger fund: ₹16 Cr against ₹3 Cr.
Their portfolios overlap 80.8%: 94 of the same holdings.

Past returns do not promise future returns. This page is information, not investment advice.

NAV comparison

How each fund's NAV moved over the same days, as % change since the first day of the range

DSP MSCI India ETF
−7.9%
Motilal Oswal Nifty 100 ETF
−8.8%

Change in NAV from 25-11-2025 to 30-10-2026

−10%−5%0%+5%

Key facts

From each fund's scheme summary document and AMFI

Fact	DSP MSCI India ETF	Motilal Oswal Nifty 100 ETF
Fund house	DSP Mutual Fund	Motilal Oswal Mutual Fund
Category	Not available	ETF
AUM	₹3 Cr (30-09-2026)	₹16 Cr (30-09-2026)
NAV	₹27.96	₹24.13
Expense ratio (Direct)	Not available	Not available
Expense ratio (Regular)	Not available	Not available
Riskometer	Not available	Very High
Benchmark	Not available	Nifty 100 TRI
Launch date	Not available	16-10-2025
Minimum investment	Not available	Ongoing Basis: On Exchange: Investors can buy/sell units of the Scheme in round lots of 1 unit and in multiples thereof. Directly with the Mutual Fund: For Eligible investors: Transactions must be in multiple of unit creation size and the execution value
Lock in	Not available	None
Fund managers	Not available	Swapnil Mayekar, Dishant Mehta, Rakesh Shetty
Exit load	Not available	Nil

DSP MSCI India ETF vs Motilal Oswal Nifty 100 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%	--	--	--	--
Motilal Oswal Nifty 100 ETF	+1.00%	−5.44%	−3.26%	−9.06%	--	--	--

DSP MSCI India ETF vs Motilal Oswal Nifty 100 ETF: Year-wise Returns

Year	DSP MSCI IndiaDSP MSCI India ETF	Motilal Oswal Nifty 100Motilal Oswal Nifty 100 ETF
2026to date	−8.97%	−9.75%

DSP MSCI India ETF vs Motilal Oswal Nifty 100 ETF: Rolling Returns

Every holding period of both funds, against Nifty 100 TRI, the benchmark of Motilal Oswal Nifty 100 ETF

DSP MSCI India ETF vs Motilal Oswal Nifty 100 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	Motilal Oswal Nifty 100 ETF
Return (CAGR)	−8.48%	−7.74%
Standard deviation	14.60%	13.84%
Sharpe ratio	-0.94	-0.94
Sortino ratio	-1.24	-1.25
Maximum drawdown	−14.6% (31-03-2026)	−15.0% (31-03-2026)
Beta	--	1.00
Alpha	--	−0.41%

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.

−20%−15%−10%−5%0%

2026

DSP MSCI India ETFMotilal Oswal Nifty 100 ETFNifty 100 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%
Motilal Oswal Nifty 100 ETF	−15.0%	02-01-2026	31-03-2026	Not yet	--	−10.5%
Nifty 100 TRI	−14.9%	02-01-2026	30-03-2026	Not yet	--	−10.1%

From daily values since 25-11-2025, the first day every fund has.

DSP MSCI India ETF vs Motilal Oswal Nifty 100 ETF: Portfolio Overlap

From each fund's latest monthly portfolio: DSP MSCI India ETF, September 2026; Motilal Oswal Nifty 100 ETF, September 2026

Holdings in common

Overlap: 80.8%
Held by both: 94
Only in DSP MSCI India ETF: 70
Only in Motilal Oswal Nifty 100 ETF: 6

Security	% of DSP MSCI India ETF	% of Motilal Oswal Nifty 100 ETF
HDFC Bank Limited	6.44%	8.41%
ICICI Bank Limited	5.59%	7.34%
Reliance Industries Limited	5.44%	6.15%
Bharti Airtel Limited	3.93%	4.14%
Infosys Limited	2.41%	2.72%
Axis Bank Limited	2.25%	2.73%
Mahindra & Mahindra Limited	2.05%	2.04%
Larsen & Toubro Limited	2.02%	3.41%
Bajaj Finance Limited	1.90%	2.03%
Kotak Mahindra Bank Limited	1.82%	2.38%
State Bank of India	1.41%	3.07%
Tata Consultancy Services Limited	1.33%	1.62%
Sun Pharmaceutical Industries Limited	1.30%	1.49%
Titan Co Limited	1.29%	1.47%
Eternal Limited	1.22%	1.80%
NTPC Limited	1.12%	1.19%
Maruti Suzuki India Limited	1.11%	1.21%
Tata Steel Limited	1.10%	1.18%
Shriram Finance Limited	1.10%	1.07%
Bharat Electronics Limited	1.07%	1.08%
Hindustan Unilever Limited	1.05%	1.29%
Hindalco Industries Limited	0.97%	1.06%
Divi's Laboratories Limited	0.90%	0.92%
Ultratech Cement Limited	0.89%	1.01%
Power Grid Corporation of India Limited	0.87%	0.91%
HCL Technologies Limited	0.86%	1.00%
Adani Ports and Special Economic Zone Limited	0.83%	1.09%
Eicher Motors Limited	0.77%	0.77%
TVS Motor Co Limited	0.78%	0.75%
Interglobe Aviation Limited	0.75%	0.87%
Asian Paints Limited	0.73%	0.84%
Grasim Industries Limited	0.66%	0.90%
Apollo Hospitals Enterprise Limited	0.66%	0.66%
Tech Mahindra Limited	0.65%	0.75%
Hindustan Aeronautics Limited	0.63%	0.69%
ITC Limited	0.63%	1.96%
Tata Motors Limited	0.62%	0.68%
JSW Steel Limited	0.61%	0.93%
Nestle India Limited	0.60%	0.73%
SBI Life Insurance Co Limited	0.61%	0.59%
Adani Enterprises Limited	0.59%	0.76%
Bajaj Auto Limited	0.59%	0.92%
Trent Limited	0.56%	0.68%
Samvardhana Motherson International Limited	0.55%	0.56%
Cholamandalam Investment and Finance Co Limited	0.55%	0.54%
Cipla Limited	0.54%	0.59%
Torrent Pharmaceuticals Limited	0.54%	0.55%
Adani Power Limited	0.53%	0.66%
Bajaj Finserv Limited	0.53%	0.78%
Max Healthcare Institute Limited	0.52%	0.54%
Coal India Limited	0.52%	0.79%
Cummins India Limited	0.50%	0.50%
Dr. Reddy's Laboratories Limited	0.49%	0.58%
BSE Limited	0.49%	0.98%
Oil & Natural Gas Corporation Limited	0.46%	0.68%
Jio Financial Services Limited	0.46%	0.55%
Vedanta Aluminium Metal Limited	0.45%	0.54%
Avenue Supermarts Limited	0.44%	0.47%
Varun Beverages Limited	0.44%	0.46%
CG Power and Industrial Solutions Limited	0.43%	0.45%
Tata Power Co Limited	0.43%	0.47%
Tata Motors Passenger Vehicles Limited	0.42%	0.46%
Tata Consumer Products Limited	0.41%	0.48%
Britannia Industries Limited	0.41%	0.44%
HDFC Life Insurance Co Limited	0.41%	0.43%
Bharat Petroleum Corporation Limited	0.39%	0.47%
Solar Industries India Limited	0.38%	0.37%
HDFC Asset Management Co Limited	0.35%	0.36%
Power Finance Corporation Limited	0.34%	0.37%
Polycab India Limited	0.34%	0.33%
DLF Limited	0.33%	0.33%
Pidilite Industries Limited	0.33%	0.35%
Jindal Steel Limited	0.32%	0.33%
GAIL (India) Limited	0.31%	0.36%
Hitachi Energy India Limited	0.35%	0.30%
Indian Oil Corporation Limited	0.30%	0.39%
Wipro Limited	0.29%	0.33%
Vedanta Limited	0.28%	0.35%
Vodafone Idea Limited	0.27%	0.28%
Godrej Consumer Products Limited	0.26%	0.26%
Bajaj Holdings & Investment Limited	0.25%	0.36%
ABB India Limited	0.24%	0.28%
Muthoot Finance Limited	0.24%	0.23%
Siemens Limited	0.23%	0.25%
Adani Energy Solutions Limited	0.22%	0.33%
Punjab National Bank	0.21%	0.30%
Siemens Energy India Limited	0.21%	0.22%
Union Bank Of India	0.21%	0.26%
Ltm Limited	0.20%	0.29%
Bank of Baroda	0.19%	0.33%
Ambuja Cements Limited	0.18%	0.18%
Bosch Limited	0.18%	0.32%
Zydus Lifesciences Limited	0.17%	0.22%
Canara Bank	0.17%	0.31%

Overlap: for each holding both funds own, the smaller of its two weights, added up. 80.8% means 80.8% 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
Laurus Labs Limited	0.55%
Hero MotoCorp Limited	0.51%
One 97 Communications Limited	0.51%
Indian Hotels Co Limited	0.48%
Federal Bank Limited	0.46%

Largest holdings only in Motilal Oswal Nifty 100 ETF

Security	% of fund
Adani Green Energy Limited	0.33%
Hyundai Motor India Ltd	0.22%
Hindustan Zinc Limited	0.21%
Indian Railway Finance Corporation Limited	0.14%
Tata Capital Limited	0.14%

Asset and sector split

Share of each fund, from its latest monthly portfolio

Asset allocation

Asset	DSP MSCI India ETF	Motilal Oswal Nifty 100 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	Motilal Oswal Nifty 100 ETF
Large Cap	80.5%	98.0%
Mid Cap	19.0%	2.0%
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	Motilal Oswal Nifty 100 ETF
Banks	20.3%	25.1%
Petroleum Products	6.4%	7.0%
IT - Software	6.5%	6.7%
Automobiles	6.2%	6.4%
Finance	6.3%	6.2%
Pharmaceuticals & Biotechnology	5.6%	4.3%
Telecom - Services	4.7%	4.4%

The six largest sectors of each fund's stocks, % of the fund.

DSP MSCI India ETF vs Motilal Oswal Nifty 100 ETF: Expense Ratio

What each plan charges a year, from AMFI's expense ratio file

Charge	DSP MSCI India ETF	Motilal Oswal Nifty 100 ETF
Base expense ratio (Direct)	0.11%	0.00%
Base expense ratio (Regular)	0.00%	0.45%

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 Motilal Oswal Nifty 100 ETF: Frequently Asked Questions

What is the difference between DSP MSCI India ETF and Motilal Oswal Nifty 100 ETF?

DSP MSCI India ETF is a mutual fund, Motilal Oswal Nifty 100 ETF is an ETF fund, run by DSP Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 80.8%. DSP MSCI India ETF charges 0.16% a year and Motilal Oswal Nifty 100 ETF 0.68%.

Which has the lower expense ratio, DSP MSCI India ETF or Motilal Oswal Nifty 100 ETF?

DSP MSCI India ETF charges less: 0.16% a year against 0.68%. These are the total expense ratios reported to AMFI.

How much do DSP MSCI India ETF and Motilal Oswal Nifty 100 ETF overlap?

80.8%. They hold 94 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 Motilal Oswal Nifty 100 ETF?

Yes. 80.8% 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.