DSP MSCI India ETF vs Tata Multi Asset Allocation 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 Tata Multi Asset Allocation Fund is a Multi Asset fund. DSP MSCI India ETF charges 0.16% a year and Tata Multi Asset Allocation Fund 0.65%. Their portfolios overlap 37.5%: they hold 47 of the same securities.
Tata Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 0.65%
- NAV
- ₹26.80
Which is better, DSP MSCI India ETF or Tata Multi Asset Allocation? 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 0.65%.
- Tata Multi Asset Allocation fell less in its worst fall since 25-11-2025: −10.3% against −14.6%.
- DSP MSCI India ETF holds more in large companies: 80.5% of the fund in large caps against 41.6%.
- Tata Multi Asset Allocation is the larger fund: ₹5,000 Cr against ₹3 Cr.
- Their portfolios overlap 37.5%: 47 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 | Tata Multi Asset Allocation Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | Tata Mutual Fund |
| Category | Not available | Multi Asset |
| AUM | ₹3 Cr (30-09-2026) | ₹5,000 Cr (30-09-2026) |
| NAV | ₹27.96 | ₹26.80 (Direct) |
| Expense ratio (Direct) | Not available | 0.65% |
| Expense ratio (Regular) | Not available | 1.96% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | (65%) BSE 200 + (15%) CRISIL Short Term Bond Index + (20%) iCOMDEX Composite Index TRI |
| Launch date | Not available | 04-03-2020 |
| Minimum investment | Not available | ₹5,000 |
| Lock in | Not available | None |
| Fund managers | Not available | Rahul Singh, Murthy Nagarajan, Sailesh Jain, Amit Somani, Tapan Patel |
| Exit load | Not available | Exit load of 0.50%, if redeemed within 30 days. |
DSP MSCI India ETF vs Tata Multi Asset Allocation: 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% | -- | -- | -- | -- |
| Tata Multi Asset Allocation Fund (Direct) | −1.53% | −4.95% | −2.81% | −1.92% | +12.24% | +11.14% | -- |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | +14.20% | +12.56% | -- |
Category average: the average of the 37 Multi Asset funds, same plan type.
DSP MSCI India ETF vs Tata Multi Asset Allocation: Year-wise Returns
| Year | DSP MSCI India ETFDSP MSCI India ETF | Tata Multi Asset AllocationTata Multi Asset Allocation |
|---|---|---|
| 2026to date | −8.97% | −4.90% |
| 2025 | -- | +16.53% |
| 2024 | -- | +16.25% |
| 2023 | -- | +20.21% |
| 2022 | -- | +8.86% |
| 2021 | -- | +24.63% |
DSP MSCI India ETF vs Tata Multi Asset Allocation: Rolling Returns
Every holding period of both funds
DSP MSCI India ETF vs Tata Multi Asset Allocation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP MSCI India ETF | Tata Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.48% | +16.84% |
| Standard deviation | 14.60% | 10.44% |
| Sharpe ratio | -0.94 | 1.12 |
| Sortino ratio | -1.24 | 1.52 |
| Maximum drawdown | −14.6% (31-03-2026) | −13.5% (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
Tata Multi Asset Allocation 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% |
| Tata Multi Asset Allocation Fund (Direct) | −10.3% | 29-01-2026 | 23-03-2026 | 03-08-2026 | 4 months | −6.7% |
From daily values since 25-11-2025, the first day every fund has.
DSP MSCI India ETF vs Tata Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: DSP MSCI India ETF, September 2026; Tata Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 37.5%
- Held by both
- 47
- Only in DSP MSCI India ETF
- 117
- Only in Tata Multi Asset Allocation
- 53
| Security | % of DSP MSCI India ETF | % of Tata Multi Asset Allocation |
|---|---|---|
| Reliance Industries Limited | 5.44% | 3.81% |
| HDFC Bank Limited | 6.44% | 3.58% |
| ICICI Bank Limited | 5.59% | 3.15% |
| Bharti Airtel Limited | 3.93% | 2.66% |
| Kotak Mahindra Bank Limited | 1.82% | 2.03% |
| Axis Bank Limited | 2.25% | 1.73% |
| State Bank of India | 1.41% | 1.55% |
| Larsen & Toubro Limited | 2.02% | 1.30% |
| Eternal Limited | 1.22% | 1.07% |
| Tata Steel Limited | 1.10% | 1.07% |
| Mahindra & Mahindra Limited | 2.05% | 0.93% |
| Ultratech Cement Limited | 0.89% | 0.88% |
| NTPC Limited | 1.12% | 0.87% |
| Adani Ports and Special Economic Zone Limited | 0.83% | 1.33% |
| Infosys Limited | 2.41% | 0.73% |
| Sun Pharmaceutical Industries Limited | 1.30% | 0.72% |
| Bajaj Finance Limited | 1.90% | 0.68% |
| Apollo Hospitals Enterprise Limited | 0.66% | 0.73% |
| Tata Consultancy Services Limited | 1.33% | 0.63% |
| Tech Mahindra Limited | 0.65% | 0.60% |
| Adani Power Limited | 0.53% | 0.74% |
| Bajaj Finserv Limited | 0.53% | 0.51% |
| Hero MotoCorp Limited | 0.51% | 0.88% |
| Cummins India Limited | 0.50% | 1.04% |
| Federal Bank Limited | 0.46% | 1.47% |
| Vedanta Aluminium Metal Limited | 0.45% | 1.37% |
| Tata Motors Passenger Vehicles Limited | 0.42% | 1.08% |
| HDFC Life Insurance Co Limited | 0.41% | 0.45% |
| Bharat Petroleum Corporation Limited | 0.39% | 0.56% |
| Indus Towers Limited | 0.37% | 0.62% |
| Marico Limited | 0.32% | 0.78% |
| Jindal Steel Limited | 0.32% | 1.03% |
| ICICI Lombard General Insurance Co Limited | 0.31% | 0.55% |
| Hindustan Unilever Limited | 1.05% | 0.30% |
| PB Fintech Limited | 0.30% | 0.96% |
| Oil & Natural Gas Corporation Limited | 0.46% | 0.27% |
| Siemens Limited | 0.23% | 0.51% |
| Adani Energy Solutions Limited | 0.22% | 0.97% |
| Prestige Estates Projects Limited | 0.21% | 0.55% |
| Bank of Baroda | 0.19% | 0.73% |
| Ge Vernova T&D India Limited | 0.42% | 0.18% |
| Ambuja Cements Limited | 0.18% | 0.50% |
| Godrej Properties Limited | 0.18% | 0.59% |
| L&T Finance Limited | 0.17% | 0.77% |
| IndusInd Bank Limited | 0.41% | 0.16% |
| Oil India Limited | 0.15% | 0.67% |
| Maruti Suzuki India Limited | 1.11% | 0.13% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 37.5% means 37.5% 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 |
|---|---|
| Titan Co Limited | 1.29% |
| Shriram Finance Limited | 1.10% |
| Bharat Electronics Limited | 1.07% |
| Hindalco Industries Limited | 0.97% |
| Divi's Laboratories Limited | 0.90% |
Largest holdings only in Tata Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| TATA GOLD EXCHANGE TRADED FUND | 6.04% |
| TATA SILVER EXCHANGE TRADED FUND | 2.26% |
| DR. AGARWALS HEALTH CARE LTD | 1.53% |
| NIVA BUPA HEALTH INSURANCE COMPANY LTD | 1.39% |
| ACME SOLAR HOLDINGS LTD | 1.29% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP MSCI India ETF | Tata Multi Asset Allocation |
|---|---|---|
| Equity | 99.5% | 66.6% |
| Debt | 0.0% | 10.7% |
| Cash and others | 0.5% | 22.7% |
Market cap of stocks
| Market cap | DSP MSCI India ETF | Tata Multi Asset Allocation |
|---|---|---|
| Large Cap | 80.5% | 41.6% |
| Mid Cap | 19.0% | 9.2% |
| Small Cap | 0.0% | 15.2% |
| Not on AMFI's list | 0.0% | 0.7% |
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 | Tata Multi Asset Allocation |
|---|---|---|
| Banks | 20.3% | 15.6% |
| IT - Software | 6.5% | 2.0% |
| Petroleum Products | 6.4% | 4.4% |
| Finance | 6.3% | 3.4% |
| Automobiles | 6.2% | 3.0% |
| Pharmaceuticals & Biotechnology | 5.6% | 1.6% |
| Insurance | 1.5% | 4.2% |
| Healthcare Services | 1.5% | 3.9% |
| Power | 3.7% | 3.9% |
The six largest sectors of each fund's stocks, % of the fund.
DSP MSCI India ETF vs Tata Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP MSCI India ETF | Tata Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.65% |
| Base expense ratio (Direct) | 0.11% | 0.45% |
| Total expense ratio (Regular) | Not available | 1.96% |
| Base expense ratio (Regular) | 0.00% | 1.58% |
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 Tata Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between DSP MSCI India ETF and Tata Multi Asset Allocation Fund?
DSP MSCI India ETF is a mutual fund, Tata Multi Asset Allocation Fund is a Multi Asset fund, run by DSP Mutual Fund and Tata Mutual Fund. Their portfolios overlap 37.5%. DSP MSCI India ETF charges 0.16% a year and Tata Multi Asset Allocation Fund 0.65%.
Which has the lower expense ratio, DSP MSCI India ETF or Tata Multi Asset Allocation Fund?
DSP MSCI India ETF charges less: 0.16% a year against 0.65%. These are the total expense ratios reported to AMFI.
How much do DSP MSCI India ETF and Tata Multi Asset Allocation Fund overlap?
37.5%. They hold 47 of the same securities, the largest shared ones being RELIANCE, HDFCBANK, ICICIBANK. From each fund's latest monthly portfolio.
Can I invest in both DSP MSCI India ETF and Tata Multi Asset Allocation Fund?
Yes. 37.5% of each fund's money sits in the same holdings, so some 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.