DSP MSCI India ETF vs SBI Equity Savings 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 SBI Equity Savings Fund is an Equity Savings fund. DSP MSCI India ETF charges 0.16% a year and SBI Equity Savings Fund 1.46%. Their portfolios overlap 43.3%: they hold 68 of the same securities.
Which is better, DSP MSCI India ETF or SBI Equity Savings? 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 1.46%.
- SBI Equity Savings fell less in its worst fall since 25-11-2025: −3.0% against −14.6%.
- DSP MSCI India ETF holds more in large companies: 80.5% of the fund in large caps against 57.1%.
- SBI Equity Savings is the larger fund: ₹5,413 Cr against ₹3 Cr.
- Their portfolios overlap 43.3%: 68 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 | SBI Equity Savings Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | SBI Mutual Fund |
| Category | Not available | Equity Savings |
| AUM | ₹3 Cr (30-09-2026) | ₹5,413 Cr (30-09-2026) |
| NAV | ₹27.96 | ₹27.27 (Direct) |
| Expense ratio (Direct) | Not available | 1.46% |
| Expense ratio (Regular) | Not available | 2.00% |
| Riskometer | Not available | Moderate |
| Benchmark | Not available | Nifty Equity Savings Index |
| Launch date | Not available | 27-05-2015 |
| Minimum investment | Not available | ₹1,000 |
| Lock in | Not available | None |
| Fund managers | Not available | Neeraj Kumar - Arbitrage, Mansi Sajeja, Nidhi Chawla, Vandna Soni |
| Exit load | Not available | Exit load of 0.10% if redeemed within 15 days. |
DSP MSCI India ETF vs SBI Equity Savings: 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% | -- | -- | -- | -- |
| SBI Equity Savings Fund (Direct) | +0.07% | −0.47% | +1.05% | +1.43% | +7.91% | +7.95% | +8.92% |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | +7.55% | +8.43% |
Category average: the average of the 23 Equity Savings funds, same plan type.
DSP MSCI India ETF vs SBI Equity Savings: Year-wise Returns
| Year | DSP MSCI India ETFDSP MSCI India ETF | SBI Equity SavingsSBI Equity Savings |
|---|---|---|
| 2026to date | −8.97% | +1.07% |
| 2025 | -- | +5.62% |
| 2024 | -- | +12.59% |
| 2023 | -- | +18.13% |
| 2022 | -- | +2.40% |
| 2021 | -- | +13.94% |
DSP MSCI India ETF vs SBI Equity Savings: Rolling Returns
Every holding period of both funds
DSP MSCI India ETF vs SBI Equity Savings: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP MSCI India ETF | SBI Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.48% | +9.23% |
| Standard deviation | 14.60% | 6.52% |
| Sharpe ratio | -0.94 | 0.56 |
| Sortino ratio | -1.24 | 0.75 |
| Maximum drawdown | −14.6% (31-03-2026) | −19.5% (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
SBI Equity Savings 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% |
| SBI Equity Savings Fund (Direct) | −3.0% | 11-02-2026 | 23-03-2026 | 16-06-2026 | 3 months | −1.1% |
From daily values since 25-11-2025, the first day every fund has.
DSP MSCI India ETF vs SBI Equity Savings: Portfolio Overlap
From each fund's latest monthly portfolio: DSP MSCI India ETF, September 2026; SBI Equity Savings Fund, September 2026
Holdings in common
- Overlap
- 43.3%
- Held by both
- 68
- Only in DSP MSCI India ETF
- 96
- Only in SBI Equity Savings
- 37
| Security | % of DSP MSCI India ETF | % of SBI Equity Savings |
|---|---|---|
| HDFC Bank Limited | 6.44% | 5.80% |
| ICICI Bank Limited | 5.59% | 5.14% |
| Reliance Industries Limited | 5.44% | 5.04% |
| Bharti Airtel Limited | 3.93% | 3.58% |
| Kotak Mahindra Bank Limited | 1.82% | 6.73% |
| Bajaj Finance Limited | 1.90% | 1.77% |
| Mahindra & Mahindra Limited | 2.05% | 1.76% |
| Axis Bank Limited | 2.25% | 1.63% |
| State Bank of India | 1.41% | 1.20% |
| Infosys Limited | 2.41% | 1.15% |
| Hindalco Industries Limited | 0.97% | 1.62% |
| Ultratech Cement Limited | 0.89% | 2.02% |
| Eicher Motors Limited | 0.77% | 1.76% |
| Apollo Hospitals Enterprise Limited | 0.66% | 1.40% |
| Hindustan Aeronautics Limited | 0.63% | 0.63% |
| JSW Steel Limited | 0.61% | 0.78% |
| Asian Paints Limited | 0.73% | 0.57% |
| Maruti Suzuki India Limited | 1.11% | 0.49% |
| Oil & Natural Gas Corporation Limited | 0.46% | 0.53% |
| Tata Power Co Limited | 0.43% | 0.48% |
| Tata Steel Limited | 1.10% | 0.42% |
| HDFC Life Insurance Co Limited | 0.41% | 1.39% |
| Bharat Heavy Electricals Limited | 0.40% | 0.68% |
| Divi's Laboratories Limited | 0.90% | 0.37% |
| Indus Towers Limited | 0.37% | 0.51% |
| Aurobindo Pharma Limited | 0.34% | 1.95% |
| DLF Limited | 0.33% | 0.56% |
| Jindal Steel Limited | 0.32% | 1.23% |
| Samvardhana Motherson International Limited | 0.55% | 0.26% |
| Godrej Consumer Products Limited | 0.26% | 0.43% |
| Shriram Finance Limited | 1.10% | 0.24% |
| Adani Ports and Special Economic Zone Limited | 0.83% | 0.23% |
| REC Limited | 0.28% | 0.23% |
| National Aluminium Co Limited | 0.23% | 1.41% |
| Aditya Birla Capital Limited | 0.22% | 0.71% |
| GMR Airports Limited | 0.22% | 0.55% |
| Hindustan Unilever Limited | 1.05% | 0.21% |
| Punjab National Bank | 0.21% | 0.27% |
| Sun Pharmaceutical Industries Limited | 1.30% | 0.20% |
| One 97 Communications Limited | 0.51% | 0.20% |
| SBI Life Insurance Co Limited | 0.61% | 0.19% |
| Bank of Baroda | 0.19% | 1.64% |
| Ambuja Cements Limited | 0.18% | 0.23% |
| IndusInd Bank Limited | 0.41% | 0.17% |
| Shree Cement Limited | 0.17% | 0.20% |
| Colgate Palmolive (India) Limited | 0.16% | 0.44% |
| Adani Enterprises Limited | 0.59% | 0.15% |
| Power Finance Corporation Limited | 0.34% | 0.14% |
| NTPC Limited | 1.12% | 0.11% |
| NMDC Limited | 0.19% | 0.11% |
| Bosch Limited | 0.18% | 0.10% |
| Larsen & Toubro Limited | 2.02% | 0.08% |
| Indian Hotels Co Limited | 0.48% | 0.08% |
| Dabur India Limited | 0.13% | 0.08% |
| Eternal Limited | 1.22% | 0.07% |
| United Spirits Limited | 0.31% | 0.07% |
| HDFC Asset Management Co Limited | 0.35% | 0.06% |
| CG Power and Industrial Solutions Limited | 0.43% | 0.03% |
| Marico Limited | 0.32% | 0.03% |
| Grasim Industries Limited | 0.66% | 0.02% |
| Jio Financial Services Limited | 0.46% | 0.02% |
| Indian Oil Corporation Limited | 0.30% | 0.02% |
| Zydus Lifesciences Limited | 0.17% | 0.02% |
| Cholamandalam Investment and Finance Co Limited | 0.55% | 0.01% |
| Pidilite Industries Limited | 0.33% | 0.01% |
| PB Fintech Limited | 0.30% | 0.01% |
| Hindustan Petroleum Corporation Limited | 0.27% | 0.01% |
| UPL Limited | 0.22% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 43.3% means 43.3% 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% |
| Bharat Electronics Limited | 1.07% |
| Power Grid Corporation of India Limited | 0.87% |
| HCL Technologies Limited | 0.86% |
Largest holdings only in SBI Equity Savings Fund
| Security | % of fund |
|---|---|
| SBI Liquid Fund - DIRECT PLAN -Growth Option | 2.92% |
| Cholamandalam Investment & Finance Co. Ltd.Perpetual | 2.72% |
| 7.10% CGL 2034 | 2.30% |
| Life Insurance Corporation of India | 2.29% |
| Altius Telecom Infrastructure Trust | 2.20% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP MSCI India ETF | SBI Equity Savings |
|---|---|---|
| Equity | 99.5% | 66.2% |
| Debt | 0.0% | 21.1% |
| Cash and others | 0.5% | 12.7% |
Market cap of stocks
| Market cap | DSP MSCI India ETF | SBI Equity Savings |
|---|---|---|
| Large Cap | 80.5% | 57.1% |
| Mid Cap | 19.0% | 8.6% |
| Small Cap | 0.0% | 0.5% |
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 | SBI Equity Savings |
|---|---|---|
| Banks | 20.3% | 23.0% |
| IT - Software | 6.5% | 1.1% |
| Petroleum Products | 6.4% | 5.1% |
| Finance | 6.3% | 3.1% |
| Automobiles | 6.2% | 4.0% |
| Pharmaceuticals & Biotechnology | 5.6% | 2.5% |
| Telecom - Services | 4.7% | 4.1% |
| Insurance | 1.5% | 3.9% |
The six largest sectors of each fund's stocks, % of the fund.
DSP MSCI India ETF vs SBI Equity Savings: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP MSCI India ETF | SBI Equity Savings Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.46% |
| Base expense ratio (Direct) | 0.11% | 0.80% |
| Total expense ratio (Regular) | Not available | 2.00% |
| Base expense ratio (Regular) | 0.00% | 1.26% |
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 SBI Equity Savings Fund: Frequently Asked Questions
What is the difference between DSP MSCI India ETF and SBI Equity Savings Fund?
DSP MSCI India ETF is a mutual fund, SBI Equity Savings Fund is an Equity Savings fund, run by DSP Mutual Fund and SBI Mutual Fund. Their portfolios overlap 43.3%. DSP MSCI India ETF charges 0.16% a year and SBI Equity Savings Fund 1.46%.
Which has the lower expense ratio, DSP MSCI India ETF or SBI Equity Savings Fund?
DSP MSCI India ETF charges less: 0.16% a year against 1.46%. These are the total expense ratios reported to AMFI.
How much do DSP MSCI India ETF and SBI Equity Savings Fund overlap?
43.3%. They hold 68 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 SBI Equity Savings Fund?
Yes. 43.3% 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.