DSP MSCI India ETF vs PGIM India 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 PGIM India Balanced Advantage Fund is a Balanced Advantage fund. DSP MSCI India ETF charges 0.16% a year and PGIM India Balanced Advantage Fund 0.90%. Their portfolios overlap 53.6%: they hold 59 of the same securities.
PGIM India Balanced Advantage Fund
Balanced Advantage
- Expense ratio
- 0.90%
- NAV
- ₹15.90
Which is better, DSP MSCI India ETF or PGIM India 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 0.90%.
- PGIM India Balanced Advantage fell less in its worst fall since 25-11-2025: −10.6% against −14.6%.
- DSP MSCI India ETF holds more in large companies: 80.5% of the fund in large caps against 56.6%.
- PGIM India Balanced Advantage is the larger fund: ₹681 Cr against ₹3 Cr.
- Their portfolios overlap 53.6%: 59 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 | PGIM India Balanced Advantage Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | PGIM India Mutual Fund |
| Category | Not available | Balanced Advantage |
| AUM | ₹3 Cr (30-09-2026) | ₹681 Cr (30-09-2026) |
| NAV | ₹27.96 | ₹15.90 (Direct) |
| Expense ratio (Direct) | Not available | 0.90% |
| Expense ratio (Regular) | Not available | 2.51% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | CRISIL Hybrid 50+50 - Moderate Index |
| Launch date | Not available | 04-02-2021 |
| Minimum investment | Not available | ₹5,000 |
| Lock in | Not available | None |
| Fund managers | Not available | Utsav Mehta, Anandha Padmanabhan Anjeneyan, Vinay Paharia, Puneet Pal |
| Exit load | Not available | For Exits within 90 days from date of allotment of units: 0.50%; For Exits beyond 90 days from date of allotment of units: NIL. |
DSP MSCI India ETF vs PGIM India 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% | -- | -- | -- | -- |
| PGIM India Balanced Advantage Fund (Direct) | −0.19% | −4.85% | −2.09% | −6.19% | +7.11% | +6.77% | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | -- |
Category average: the average of the 38 Balanced Advantage funds, same plan type.
DSP MSCI India ETF vs PGIM India Balanced Advantage: Year-wise Returns
| Year | DSP MSCI India ETFDSP MSCI India ETF | PGIM India Balanced AdvantagePGIM India Balanced Advantage |
|---|---|---|
| 2026to date | −8.97% | −6.08% |
| 2025 | -- | +8.04% |
| 2024 | -- | +12.01% |
| 2023 | -- | +17.37% |
| 2022 | -- | +2.94% |
DSP MSCI India ETF vs PGIM India Balanced Advantage: Rolling Returns
Every holding period of both funds
DSP MSCI India ETF vs PGIM India 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 | PGIM India Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.48% | +8.12% |
| Standard deviation | 14.60% | 8.55% |
| Sharpe ratio | -0.94 | 0.31 |
| Sortino ratio | -1.24 | 0.42 |
| Maximum drawdown | −14.6% (31-03-2026) | −11.6% (20-06-2022) |
| 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
PGIM India 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% |
| PGIM India Balanced Advantage Fund (Direct) | −10.6% | 27-11-2025 | 30-03-2026 | Not yet | -- | −7.0% |
From daily values since 25-11-2025, the first day every fund has.
DSP MSCI India ETF vs PGIM India Balanced Advantage: Portfolio Overlap
From each fund's latest monthly portfolio: DSP MSCI India ETF, September 2026; PGIM India Balanced Advantage Fund, September 2026
Holdings in common
- Overlap
- 53.6%
- Held by both
- 59
- Only in DSP MSCI India ETF
- 105
- Only in PGIM India Balanced Advantage
- 32
| Security | % of DSP MSCI India ETF | % of PGIM India Balanced Advantage |
|---|---|---|
| ICICI Bank Limited | 5.59% | 5.91% |
| HDFC Bank Limited | 6.44% | 5.41% |
| Reliance Industries Limited | 5.44% | 4.07% |
| Bharti Airtel Limited | 3.93% | 3.21% |
| Infosys Limited | 2.41% | 1.88% |
| Larsen & Toubro Limited | 2.02% | 1.85% |
| Bajaj Finance Limited | 1.90% | 1.84% |
| State Bank of India | 1.41% | 2.40% |
| Axis Bank Limited | 2.25% | 1.32% |
| Titan Co Limited | 1.29% | 1.47% |
| Mahindra & Mahindra Limited | 2.05% | 1.27% |
| Eternal Limited | 1.22% | 1.62% |
| Tata Consultancy Services Limited | 1.33% | 1.20% |
| NTPC Limited | 1.12% | 1.49% |
| Kotak Mahindra Bank Limited | 1.82% | 1.05% |
| Bharat Electronics Limited | 1.07% | 0.98% |
| Sun Pharmaceutical Industries Limited | 1.30% | 0.93% |
| Divi's Laboratories Limited | 0.90% | 1.13% |
| Hindalco Industries Limited | 0.97% | 0.80% |
| TVS Motor Co Limited | 0.78% | 1.42% |
| Eicher Motors Limited | 0.77% | 0.89% |
| Ultratech Cement Limited | 0.89% | 0.76% |
| Tech Mahindra Limited | 0.65% | 0.78% |
| JSW Steel Limited | 0.61% | 1.01% |
| Nestle India Limited | 0.60% | 0.58% |
| Maruti Suzuki India Limited | 1.11% | 0.57% |
| Torrent Pharmaceuticals Limited | 0.54% | 0.59% |
| Max Healthcare Institute Limited | 0.52% | 0.83% |
| Cummins India Limited | 0.50% | 0.68% |
| Federal Bank Limited | 0.46% | 0.84% |
| Shriram Finance Limited | 1.10% | 0.44% |
| Varun Beverages Limited | 0.44% | 1.31% |
| AU Small Finance Bank Limited | 0.44% | 0.70% |
| CG Power and Industrial Solutions Limited | 0.43% | 1.09% |
| Persistent Systems Limited | 0.43% | 0.81% |
| Asian Paints Limited | 0.73% | 0.41% |
| HDFC Life Insurance Co Limited | 0.41% | 0.93% |
| Bharat Petroleum Corporation Limited | 0.39% | 0.85% |
| ITC Limited | 0.63% | 0.38% |
| Solar Industries India Limited | 0.38% | 1.28% |
| Lupin Limited | 0.37% | 0.49% |
| Ge Vernova T&D India Limited | 0.42% | 0.34% |
| Power Finance Corporation Limited | 0.34% | 0.78% |
| Ashok Leyland Limited | 0.34% | 0.36% |
| Info Edge (India) Limited | 0.33% | 0.60% |
| Multi Commodity Exchange Of India Limited | 0.33% | 0.61% |
| Suzlon Energy Limited | 0.32% | 0.63% |
| Marico Limited | 0.32% | 0.51% |
| Jindal Steel Limited | 0.32% | 0.79% |
| FSN E-Commerce Ventures Limited | 0.31% | 0.91% |
| ICICI Lombard General Insurance Co Limited | 0.31% | 0.76% |
| United Spirits Limited | 0.31% | 0.70% |
| SRF Limited | 0.27% | 1.23% |
| Muthoot Finance Limited | 0.24% | 0.33% |
| Prestige Estates Projects Limited | 0.21% | 0.98% |
| Ltm Limited | 0.20% | 0.93% |
| Vishal Mega Mart Limited | 0.19% | 0.95% |
| Tube Investments of India Limited | 0.19% | 0.51% |
| Torrent Power Limited | 0.17% | 1.06% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 53.6% means 53.6% 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 Steel Limited | 1.10% |
| Hindustan Unilever Limited | 1.05% |
| Power Grid Corporation of India Limited | 0.87% |
| HCL Technologies Limited | 0.86% |
| Adani Ports and Special Economic Zone Limited | 0.83% |
Largest holdings only in PGIM India Balanced Advantage Fund
| Security | % of fund |
|---|---|
| 7.18% Government of India | 2.65% |
| Muthoot Finance Ltd. | 2.13% |
| 6.79% Government of India | 1.57% |
| Fedbank Financial Services Ltd. | 1.43% |
| 8.535% Muthoot Finance Ltd. | 1.32% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP MSCI India ETF | PGIM India Balanced Advantage |
|---|---|---|
| Equity | 99.5% | 76.9% |
| Debt | 0.0% | 18.3% |
| Cash and others | 0.5% | 4.8% |
Market cap of stocks
| Market cap | DSP MSCI India ETF | PGIM India Balanced Advantage |
|---|---|---|
| Large Cap | 80.5% | 56.6% |
| Mid Cap | 19.0% | 19.2% |
| Small Cap | 0.0% | 1.1% |
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 | PGIM India Balanced Advantage |
|---|---|---|
| Banks | 20.3% | 17.6% |
| IT - Software | 6.5% | 5.6% |
| Petroleum Products | 6.4% | 4.9% |
| Finance | 6.3% | 3.4% |
| Automobiles | 6.2% | 4.2% |
| Pharmaceuticals & Biotechnology | 5.6% | 4.0% |
| Retailing | 3.4% | 4.1% |
The six largest sectors of each fund's stocks, % of the fund.
DSP MSCI India ETF vs PGIM India Balanced Advantage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP MSCI India ETF | PGIM India Balanced Advantage Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.90% |
| Base expense ratio (Direct) | 0.11% | 0.69% |
| Total expense ratio (Regular) | Not available | 2.51% |
| Base expense ratio (Regular) | 0.00% | 2.05% |
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
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DSP MSCI India ETF vs PGIM India Balanced Advantage Fund: Frequently Asked Questions
What is the difference between DSP MSCI India ETF and PGIM India Balanced Advantage Fund?
DSP MSCI India ETF is a mutual fund, PGIM India Balanced Advantage Fund is a Balanced Advantage fund, run by DSP Mutual Fund and PGIM India Mutual Fund. Their portfolios overlap 53.6%. DSP MSCI India ETF charges 0.16% a year and PGIM India Balanced Advantage Fund 0.90%.
Which has the lower expense ratio, DSP MSCI India ETF or PGIM India Balanced Advantage Fund?
DSP MSCI India ETF charges less: 0.16% a year against 0.90%. These are the total expense ratios reported to AMFI.
How much do DSP MSCI India ETF and PGIM India Balanced Advantage Fund overlap?
53.6%. They hold 59 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Can I invest in both DSP MSCI India ETF and PGIM India Balanced Advantage Fund?
Yes. 53.6% 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.