DSP MSCI India ETF vs Old Bridge Arbitrage 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 Old Bridge Arbitrage Fund is an Arbitrage fund. DSP MSCI India ETF charges 0.16% a year and Old Bridge Arbitrage Fund 1.09%. Their portfolios overlap 48.1%: they hold 83 of the same securities.
Which is better, DSP MSCI India ETF or Old Bridge Arbitrage? 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 1.09%.
- Old Bridge Arbitrage fell less in its worst fall since 25-11-2025: −0.7% against −14.6%.
- DSP MSCI India ETF holds more in large companies: 80.5% of the fund in large caps against 64.1%.
- Old Bridge Arbitrage is the larger fund: ₹254 Cr against ₹3 Cr.
- Their portfolios overlap 48.1%: 83 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 | Old Bridge Arbitrage Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | Old Bridge Mutual Fund |
| Category | Not available | Arbitrage |
| AUM | ₹3 Cr (30-09-2026) | ₹254 Cr (30-09-2026) |
| NAV | ₹27.96 | ₹10.62 (Direct) |
| Expense ratio (Direct) | Not available | 1.09% |
| Expense ratio (Regular) | Not available | 1.94% |
| Riskometer | Not available | Low |
| Benchmark | Not available | Nifty 50 Arbitrage TRI |
| Launch date | Not available | 13-11-2025 |
| Minimum investment | Not available | ₹5,000 |
| Lock in | Not available | None |
| Fund managers | Not available | Kenneth Joseph Andrade |
| Exit load | Not available | Exit load of 0.25%, if redeemed within 7 Days. |
DSP MSCI India ETF vs Old Bridge Arbitrage: 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% | -- | -- | -- | -- |
| Old Bridge Arbitrage Fund (Direct) | +0.55% | +1.49% | +3.19% | -- | -- | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | -- | -- | -- | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
DSP MSCI India ETF vs Old Bridge Arbitrage: Year-wise Returns
| Year | DSP MSCI India ETFDSP MSCI India ETF | Old Bridge ArbitrageOld Bridge Arbitrage |
|---|---|---|
| 2026to date | −8.97% | +5.31% |
DSP MSCI India ETF vs Old Bridge Arbitrage: Rolling Returns
Every holding period of both funds
DSP MSCI India ETF vs Old Bridge Arbitrage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP MSCI India ETF | Old Bridge Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.48% | +6.43% |
| Standard deviation | 14.60% | 1.68% |
| Sharpe ratio | -0.94 | 0.71 |
| Sortino ratio | -1.24 | 1.06 |
| Maximum drawdown | −14.6% (31-03-2026) | −0.7% (29-05-2026) |
| 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
Old Bridge Arbitrage 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% |
| Old Bridge Arbitrage Fund (Direct) | −0.7% | 18-05-2026 | 29-05-2026 | 04-06-2026 | 6 days | −0.1% |
From daily values since 25-11-2025, the first day every fund has.
DSP MSCI India ETF vs Old Bridge Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: DSP MSCI India ETF, September 2026; Old Bridge Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 48.1%
- Held by both
- 83
- Only in DSP MSCI India ETF
- 81
- Only in Old Bridge Arbitrage
- 14
| Security | % of DSP MSCI India ETF | % of Old Bridge Arbitrage |
|---|---|---|
| Reliance Industries Limited | 5.44% | 5.43% |
| ICICI Bank Limited | 5.59% | 5.25% |
| HDFC Bank Limited | 6.44% | 4.76% |
| Bharti Airtel Limited | 3.93% | 3.72% |
| Axis Bank Limited | 2.25% | 2.36% |
| State Bank of India | 1.41% | 1.33% |
| Tata Steel Limited | 1.10% | 2.44% |
| Shriram Finance Limited | 1.10% | 2.97% |
| Hindalco Industries Limited | 0.97% | 1.22% |
| Divi's Laboratories Limited | 0.90% | 1.28% |
| Ultratech Cement Limited | 0.89% | 1.36% |
| Larsen & Toubro Limited | 2.02% | 0.80% |
| Apollo Hospitals Enterprise Limited | 0.66% | 1.05% |
| Hindustan Aeronautics Limited | 0.63% | 1.21% |
| JSW Steel Limited | 0.61% | 1.47% |
| Power Grid Corporation of India Limited | 0.87% | 0.60% |
| Kotak Mahindra Bank Limited | 1.82% | 0.59% |
| Sun Pharmaceutical Industries Limited | 1.30% | 0.58% |
| Hindustan Unilever Limited | 1.05% | 0.56% |
| Bajaj Finserv Limited | 0.53% | 0.80% |
| Coal India Limited | 0.52% | 0.79% |
| Bajaj Finance Limited | 1.90% | 0.48% |
| Indian Hotels Co Limited | 0.48% | 0.83% |
| Federal Bank Limited | 0.46% | 0.72% |
| Jio Financial Services Limited | 0.46% | 1.23% |
| Varun Beverages Limited | 0.44% | 0.96% |
| Asian Paints Limited | 0.73% | 0.43% |
| Tata Power Co Limited | 0.43% | 1.52% |
| NTPC Limited | 1.12% | 0.42% |
| Tata Consumer Products Limited | 0.41% | 1.30% |
| HDFC Life Insurance Co Limited | 0.41% | 0.84% |
| Bharat Heavy Electricals Limited | 0.40% | 1.93% |
| ITC Limited | 0.63% | 0.38% |
| Indus Towers Limited | 0.37% | 3.73% |
| Bharat Forge Limited | 0.36% | 0.49% |
| HDFC Asset Management Co Limited | 0.35% | 1.89% |
| Power Finance Corporation Limited | 0.34% | 0.88% |
| DLF Limited | 0.33% | 0.33% |
| Multi Commodity Exchange Of India Limited | 0.33% | 0.82% |
| Jindal Steel Limited | 0.32% | 0.48% |
| GAIL (India) Limited | 0.31% | 0.48% |
| APL Apollo Tubes Limited | 0.31% | 0.88% |
| Fortis Healthcare Limited | 0.30% | 0.42% |
| CG Power and Industrial Solutions Limited | 0.43% | 0.29% |
| IDFC First Bank Limited | 0.27% | 2.23% |
| IndusInd Bank Limited | 0.41% | 0.25% |
| Godrej Consumer Products Limited | 0.26% | 0.25% |
| Yes Bank Limited | 0.25% | 0.39% |
| Bharat Electronics Limited | 1.07% | 0.24% |
| GMR Airports Limited | 0.22% | 0.39% |
| Grasim Industries Limited | 0.66% | 0.21% |
| Punjab National Bank | 0.21% | 1.46% |
| Union Bank Of India | 0.21% | 0.27% |
| Pidilite Industries Limited | 0.33% | 0.20% |
| UPL Limited | 0.22% | 0.20% |
| Marico Limited | 0.32% | 0.19% |
| Bank of Baroda | 0.19% | 0.90% |
| NMDC Limited | 0.19% | 0.29% |
| Eternal Limited | 1.22% | 0.18% |
| Ambuja Cements Limited | 0.18% | 0.44% |
| Godrej Properties Limited | 0.18% | 0.25% |
| Canara Bank | 0.17% | 1.18% |
| Ashok Leyland Limited | 0.34% | 0.15% |
| Infosys Limited | 2.41% | 0.14% |
| Oil & Natural Gas Corporation Limited | 0.46% | 0.14% |
| Dabur India Limited | 0.13% | 0.47% |
| ICICI Prudential Life Insurance Co Limited | 0.13% | 0.18% |
| Info Edge (India) Limited | 0.33% | 0.11% |
| Colgate Palmolive (India) Limited | 0.16% | 0.11% |
| Hero MotoCorp Limited | 0.51% | 0.09% |
| United Spirits Limited | 0.31% | 0.09% |
| Phoenix Mills Limited | 0.29% | 0.08% |
| SRF Limited | 0.27% | 0.08% |
| Mahindra & Mahindra Limited | 2.05% | 0.07% |
| Maruti Suzuki India Limited | 1.11% | 0.07% |
| Adani Ports and Special Economic Zone Limited | 0.83% | 0.07% |
| SBI Life Insurance Co Limited | 0.61% | 0.05% |
| Cholamandalam Investment and Finance Co Limited | 0.55% | 0.04% |
| AU Small Finance Bank Limited | 0.44% | 0.04% |
| Aurobindo Pharma Limited | 0.34% | 0.04% |
| Interglobe Aviation Limited | 0.75% | 0.03% |
| Bharat Petroleum Corporation Limited | 0.39% | 0.02% |
| PB Fintech Limited | 0.30% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 48.1% means 48.1% 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 |
|---|---|
| Tata Consultancy Services Limited | 1.33% |
| Titan Co Limited | 1.29% |
| HCL Technologies Limited | 0.86% |
| TVS Motor Co Limited | 0.78% |
| Eicher Motors Limited | 0.77% |
Largest holdings only in Old Bridge Arbitrage Fund
| Security | % of fund |
|---|---|
| 364 Days Tbill (MD 13/05/2027) | 5.70% |
| 182 Days Tbill (MD 19/11/2026) | 1.96% |
| 364 Days Tbill (MD 17/12/2026) | 1.95% |
| 182 Days Tbill (MD 04/02/2027) | 1.93% |
| Glenmark Pharmaceuticals Limited | 1.76% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP MSCI India ETF | Old Bridge Arbitrage |
|---|---|---|
| Equity | 99.5% | 79.4% |
| Debt | 0.0% | 11.5% |
| Cash and others | 0.5% | 9.1% |
Market cap of stocks
| Market cap | DSP MSCI India ETF | Old Bridge Arbitrage |
|---|---|---|
| Large Cap | 80.5% | 64.1% |
| Mid Cap | 19.0% | 13.3% |
| Small Cap | 0.0% | 1.9% |
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 | Old Bridge Arbitrage |
|---|---|---|
| Banks | 20.3% | 22.2% |
| Finance | 6.3% | 7.5% |
| Telecom - Services | 4.7% | 7.5% |
| IT - Software | 6.5% | 0.1% |
| Petroleum Products | 6.4% | 5.5% |
| Automobiles | 6.2% | 0.2% |
| Pharmaceuticals & Biotechnology | 5.6% | 4.2% |
| Ferrous Metals | 2.2% | 4.4% |
The six largest sectors of each fund's stocks, % of the fund.
DSP MSCI India ETF vs Old Bridge Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP MSCI India ETF | Old Bridge Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.09% |
| Base expense ratio (Direct) | 0.11% | 0.12% |
| Total expense ratio (Regular) | Not available | 1.94% |
| Base expense ratio (Regular) | 0.00% | 0.84% |
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 Old Bridge Arbitrage Fund: Frequently Asked Questions
What is the difference between DSP MSCI India ETF and Old Bridge Arbitrage Fund?
DSP MSCI India ETF is a mutual fund, Old Bridge Arbitrage Fund is an Arbitrage fund, run by DSP Mutual Fund and Old Bridge Mutual Fund. Their portfolios overlap 48.1%. DSP MSCI India ETF charges 0.16% a year and Old Bridge Arbitrage Fund 1.09%.
Which has the lower expense ratio, DSP MSCI India ETF or Old Bridge Arbitrage Fund?
DSP MSCI India ETF charges less: 0.16% a year against 1.09%. These are the total expense ratios reported to AMFI.
How much do DSP MSCI India ETF and Old Bridge Arbitrage Fund overlap?
48.1%. They hold 83 of the same securities, the largest shared ones being RELIANCE, ICICIBANK, HDFCBANK. From each fund's latest monthly portfolio.
Can I invest in both DSP MSCI India ETF and Old Bridge Arbitrage Fund?
Yes. 48.1% 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.