DSP Nifty 50 Equal Weight ETF vs SBI Equity Minimum Variance Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
DSP Nifty 50 Equal Weight ETF is an ETF fund and SBI Equity Minimum Variance Fund is a Thematic fund. In the 3 years to 30-10-2026, DSP Nifty 50 Equal Weight ETF returned 11.5% a year and SBI Equity Minimum Variance Fund (Direct) returned 6.9% a year. DSP Nifty 50 Equal Weight ETF charges 0.24% a year and SBI Equity Minimum Variance Fund 0.51%. Their portfolios overlap 60.5%: they hold 49 of the same securities.
DSP Nifty 50 Equal Weight ETF
ETF
- 3 year return
- 11.5%
- Expense ratio
- 0.24%
- NAV
- ₹326.10
SBI Equity Minimum Variance Fund
Thematic
- 3 year return
- 6.9%
- Expense ratio
- 0.51%
- NAV
- ₹23.31
Which is better, DSP Nifty 50 Equal Weight ETF or SBI Equity Minimum Variance? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- DSP Nifty 50 Equal Weight ETF returned more over 3 years: 11.5% a year against 6.9%.
- DSP Nifty 50 Equal Weight ETF returned more over 1 year: −4.9% against −7.9%.
- DSP Nifty 50 Equal Weight ETF costs less: 0.24% a year against 0.51%.
- SBI Equity Minimum Variance swung less over 3 years: a standard deviation of 11.6% a year against 13.6%.
- DSP Nifty 50 Equal Weight ETF fell less in its worst fall since 08-11-2021: −18.0% against −20.3%.
- DSP Nifty 50 Equal Weight ETF is the larger fund: ₹1,305 Cr against ₹194 Cr.
- Their portfolios overlap 60.5%: 49 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 Nifty 50 Equal Weight ETF | SBI Equity Minimum Variance Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | SBI Mutual Fund |
| Category | ETF | Thematic |
| AUM | ₹1,305 Cr (30-09-2026) | ₹194 Cr (30-09-2026) |
| NAV | ₹326.10 | ₹23.31 (Direct) |
| Expense ratio (Direct) | Not available | 0.51% |
| Expense ratio (Regular) | Not available | 0.85% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 50 Equal Weight TRI | Nifty 50 TRI |
| Launch date | 08-11-2021 | 19-03-2019 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Anil Ghelani, Diipesh Shah, Neha Rathi | Raviprakash Sharma |
| Exit load | Nil | Exit load of 0.5% if redeemed within 15 days. |
DSP Nifty 50 Equal Weight ETF vs SBI Equity Minimum Variance: 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 Nifty 50 Equal Weight ETF | +0.99% | −6.12% | −2.63% | −4.92% | +11.54% | -- | -- |
| SBI Equity Minimum Variance Fund (Direct) | +0.96% | −6.84% | −3.97% | −7.93% | +6.88% | +8.10% | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | -- |
Category average: the average of the 235 Thematic funds, same plan type.
DSP Nifty 50 Equal Weight ETF vs SBI Equity Minimum Variance: Year-wise Returns
| Year | DSP Nifty 50 Equal Weight ETFDSP Nifty 50 Equal Weight ETF | SBI Equity Minimum VarianceSBI Equity Minimum Variance |
|---|---|---|
| 2026to date | −5.63% | −8.13% |
| 2025 | +14.49% | +7.43% |
| 2024 | +10.47% | +8.40% |
| 2023 | +30.60% | +28.44% |
| 2022 | +7.74% | +6.52% |
| 2021 | -- | +24.35% |
DSP Nifty 50 Equal Weight ETF vs SBI Equity Minimum Variance: Rolling Returns
Every holding period of both funds, against NIFTY50 Equal Weight TRI, the benchmark of DSP Nifty 50 Equal Weight ETF
Rolling returns
Every 3-year holding period, 488 of them, one for each trading day from 08-11-2024 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
DSP Nifty 50 Equal Weight ETF
SBI Equity Minimum Variance Fund (Direct)
NIFTY50 Equal Weight TRI
to
Jan 2025May 2022
to
May 2025Sept 2022
to
Sept 2025Jan 2023
to
Jan 2026May 2023
to
May 2026Sept 2023
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DSP Nifty 50 Equal Weight ETF | 0.0 | 0.0 | 1.0 | 26.4 | 63.5 | 9.0 | 0.0 | 16.6% | 16.8% | 9.5% | 23.3% | 0% |
| SBI Equity Minimum Variance | 0.0 | 0.0 | 17.6 | 63.9 | 18.5 | 0.0 | 0.0 | 13.0% | 13.6% | 5.2% | 19.1% | 0% |
| NIFTY50 Equal Weight TRI | 0.0 | 0.0 | 0.4 | 20.7 | 68.9 | 10.0 | 0.0 | 16.9% | 17.2% | 9.8% | 23.7% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is NIFTY50 Equal Weight TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 08-11-2021. Past returns do not promise future returns.
DSP Nifty 50 Equal Weight ETF vs SBI Equity Minimum Variance: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 08-11-2021 to 30-10-2026: 60 instalments, ₹6,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| DSP Nifty 50 Equal Weight ETFDSP Nifty 50 Equal Weight ETF | ₹6,00,000 | ₹7,58,467 | ₹1,58,467 | 9.3% |
| SBI Equity Minimum VarianceSBI Equity Minimum Variance Fund (Direct) | ₹6,00,000 | ₹6,90,287 | ₹90,287 | 5.6% |
DSP Nifty 50 Equal Weight ETFDSP Nifty 50 Equal Weight ETF
SBI Equity Minimum VarianceSBI Equity Minimum Variance Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
DSP Nifty 50 Equal Weight ETF vs SBI Equity Minimum Variance: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP Nifty 50 Equal Weight ETF | SBI Equity Minimum Variance Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.92% | −7.93% |
| Standard deviation | 13.87% | 11.73% |
| Sharpe ratio | -0.73 | -1.12 |
| Sortino ratio | -0.97 | -1.44 |
| Maximum drawdown | −12.4% (31-03-2026) | −12.9% (31-03-2026) |
| Beta | 1.00 | 0.78 |
| Alpha | −0.18% | −1.24% |
From daily NAVs, 30-10-2025 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.
| Measure | DSP Nifty 50 Equal Weight ETF | SBI Equity Minimum Variance Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.54% | +6.88% |
| Standard deviation | 13.63% | 11.60% |
| Sharpe ratio | 0.40 | 0.07 |
| Sortino ratio | 0.56 | 0.10 |
| Maximum drawdown | −18.0% (28-02-2025) | −20.3% (04-03-2025) |
| Beta | 1.00 | 0.79 |
| Alpha | −0.28% | −0.41% |
From daily NAVs, 30-10-2023 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.
| Measure | DSP Nifty 50 Equal Weight ETF | SBI Equity Minimum Variance Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.05% | +11.86% |
| Standard deviation | 13.81% | 14.87% |
| Sharpe ratio | 0.31 | 0.45 |
| Sortino ratio | 0.42 | 0.62 |
| Maximum drawdown | −18.0% (28-02-2025) | −33.0% (23-03-2020) |
| Beta | 1.00 | 0.79 |
| Alpha | −0.32% | +2.13% |
From daily NAVs, 08-11-2021 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 Nifty 50 Equal Weight ETF
SBI Equity Minimum Variance Fund (Direct)
NIFTY50 Equal Weight TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP Nifty 50 Equal Weight ETF | −18.0% | 27-09-2024 | 28-02-2025 | 01-01-2026 | 10 months | −8.0% |
| SBI Equity Minimum Variance Fund (Direct) | −20.3% | 27-09-2024 | 04-03-2025 | Not yet | -- | −14.4% |
| NIFTY50 Equal Weight TRI | −17.9% | 27-09-2024 | 28-02-2025 | 20-11-2025 | 9 months | −8.0% |
From daily values since 08-11-2021, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
DSP Nifty 50 Equal Weight ETF
SBI Equity Minimum Variance Fund (Direct)
NIFTY50 Equal Weight TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
DSP Nifty 50 Equal Weight ETF
SBI Equity Minimum Variance Fund (Direct)
NIFTY50 Equal Weight TRI
Against NIFTY50 Equal Weight TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| DSP Nifty 50 Equal Weight ETF | 99% | 100% | 0.06% |
| SBI Equity Minimum Variance Fund (Direct) | 85% | 94% | 3.36% |
From month-end values since 08-11-2021. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
DSP Nifty 50 Equal Weight ETF vs SBI Equity Minimum Variance: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Nifty 50 Equal Weight ETF, September 2026; SBI Equity Minimum Variance Fund, September 2026
Holdings in common
- Overlap
- 60.5%
- Held by both
- 49
- Only in DSP Nifty 50 Equal Weight ETF
- 1
- Only in SBI Equity Minimum Variance
- 1
| Security | % of DSP Nifty 50 Equal Weight ETF | % of SBI Equity Minimum Variance |
|---|---|---|
| Dr. Reddy's Laboratories Limited | 2.10% | 3.55% |
| Coal India Limited | 2.04% | 4.89% |
| Tech Mahindra Limited | 2.02% | 4.58% |
| Sun Pharmaceutical Industries Limited | 2.01% | 8.25% |
| ITC Limited | 2.00% | 5.36% |
| Hindustan Unilever Limited | 1.98% | 5.80% |
| Tata Consumer Products Limited | 1.98% | 4.77% |
| Nestle India Limited | 1.97% | 7.70% |
| Cipla Limited | 1.97% | 4.82% |
| Bharti Airtel Limited | 2.01% | 1.95% |
| Apollo Hospitals Enterprise Limited | 1.88% | 7.98% |
| Asian Paints Limited | 2.01% | 1.39% |
| Eternal Limited | 1.96% | 1.22% |
| HCL Technologies Limited | 2.00% | 1.21% |
| Bajaj Auto Limited | 1.97% | 1.17% |
| Kotak Mahindra Bank Limited | 2.11% | 1.11% |
| JSW Steel Limited | 2.01% | 1.09% |
| Titan Co Limited | 1.92% | 1.09% |
| Tata Consultancy Services Limited | 2.02% | 1.05% |
| Eicher Motors Limited | 1.99% | 1.05% |
| Hindalco Industries Limited | 1.97% | 1.05% |
| Tata Steel Limited | 2.01% | 1.04% |
| Grasim Industries Limited | 1.96% | 1.03% |
| Oil & Natural Gas Corporation Limited | 1.96% | 1.02% |
| Adani Ports and Special Economic Zone Limited | 2.06% | 1.01% |
| Infosys Limited | 2.03% | 1.01% |
| Ultratech Cement Limited | 2.01% | 1.01% |
| SBI Life Insurance Co Limited | 1.99% | 1.01% |
| ICICI Bank Limited | 2.04% | 1.00% |
| Bajaj Finance Limited | 1.97% | 1.00% |
| Bharat Electronics Limited | 2.02% | 0.99% |
| Bajaj Finserv Limited | 2.00% | 0.99% |
| Mahindra & Mahindra Limited | 1.99% | 0.99% |
| Shriram Finance Limited | 2.02% | 0.98% |
| Larsen & Toubro Limited | 1.99% | 0.98% |
| Interglobe Aviation Limited | 2.07% | 0.97% |
| Adani Enterprises Limited | 2.04% | 0.97% |
| HDFC Life Insurance Co Limited | 2.01% | 0.97% |
| State Bank of India | 2.00% | 0.97% |
| Reliance Industries Limited | 1.98% | 0.97% |
| Axis Bank Limited | 2.05% | 0.96% |
| NTPC Limited | 2.02% | 0.96% |
| Power Grid Corporation of India Limited | 1.98% | 0.96% |
| Jio Financial Services Limited | 1.96% | 0.96% |
| HDFC Bank Limited | 1.97% | 0.95% |
| Maruti Suzuki India Limited | 2.03% | 0.89% |
| Max Healthcare Institute Limited | 1.88% | 0.88% |
| Tata Motors Passenger Vehicles Limited | 2.00% | 0.87% |
| Trent Limited | 2.01% | 0.84% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 60.5% means 60.5% 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 Nifty 50 Equal Weight ETF
| Security | % of fund |
|---|---|
| BSE Limited | 1.98% |
Largest holdings only in SBI Equity Minimum Variance Fund
| Security | % of fund |
|---|---|
| Wipro Ltd. | 0.97% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Nifty 50 Equal Weight ETF | SBI Equity Minimum Variance |
|---|---|---|
| Equity | 99.9% | 99.2% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.1% | 0.8% |
Market cap of stocks
| Market cap | DSP Nifty 50 Equal Weight ETF | SBI Equity Minimum Variance |
|---|---|---|
| Large Cap | 96.0% | 94.8% |
| Mid Cap | 4.0% | 4.4% |
| 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 Nifty 50 Equal Weight ETF | SBI Equity Minimum Variance |
|---|---|---|
| Pharmaceuticals & Biotechnology | 6.1% | 16.6% |
| Diversified FMCG | 4.0% | 11.2% |
| Banks | 10.2% | 5.0% |
| Automobiles | 10.0% | 5.0% |
| Healthcare Services | 3.8% | 8.9% |
| IT - Software | 8.1% | 8.8% |
| Finance | 8.0% | 3.9% |
| Food Products | 2.0% | 7.7% |
| Ferrous Metals | 4.0% | 2.1% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Nifty 50 Equal Weight ETF vs SBI Equity Minimum Variance: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Nifty 50 Equal Weight ETF | SBI Equity Minimum Variance Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.51% |
| Base expense ratio (Direct) | 0.15% | 0.36% |
| Total expense ratio (Regular) | Not available | 0.85% |
| Base expense ratio (Regular) | 0.00% | 0.65% |
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
Compare SBI Equity Minimum Variance with
DSP Nifty 50 Equal Weight ETF vs SBI Equity Minimum Variance Fund: Frequently Asked Questions
What is the difference between DSP Nifty 50 Equal Weight ETF and SBI Equity Minimum Variance Fund?
DSP Nifty 50 Equal Weight ETF is an ETF fund, SBI Equity Minimum Variance Fund is a Thematic fund, run by DSP Mutual Fund and SBI Mutual Fund. Their portfolios overlap 60.5%. DSP Nifty 50 Equal Weight ETF charges 0.24% a year and SBI Equity Minimum Variance Fund 0.51%.
Which has given higher returns, DSP Nifty 50 Equal Weight ETF or SBI Equity Minimum Variance Fund?
Over 1 year: DSP Nifty 50 Equal Weight ETF −4.92%, SBI Equity Minimum Variance Fund −7.93%. Over 3 years: DSP Nifty 50 Equal Weight ETF +11.54% a year, SBI Equity Minimum Variance Fund +6.88% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, DSP Nifty 50 Equal Weight ETF or SBI Equity Minimum Variance Fund?
DSP Nifty 50 Equal Weight ETF charges less: 0.24% a year against 0.51%. These are the total expense ratios reported to AMFI.
How much do DSP Nifty 50 Equal Weight ETF and SBI Equity Minimum Variance Fund overlap?
60.5%. They hold 49 of the same securities, the largest shared ones being DRREDDY, COALINDIA, TECHM. From each fund's latest monthly portfolio.
Which is riskier, DSP Nifty 50 Equal Weight ETF or SBI Equity Minimum Variance Fund?
On SEBI's riskometer, DSP Nifty 50 Equal Weight ETF is rated Very High and SBI Equity Minimum Variance Fund Very High. Over 3 years, the standard deviation of daily returns was 13.63% and 11.60% a year.
Which is better for SIP, DSP Nifty 50 Equal Weight ETF or SBI Equity Minimum Variance Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,90,420 in DSP Nifty 50 Equal Weight ETF (XIRR 3.4% a year) and ₹3,66,746 in SBI Equity Minimum Variance Fund (XIRR -0.6% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both DSP Nifty 50 Equal Weight ETF and SBI Equity Minimum Variance Fund?
Yes. 60.5% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages DSP Nifty 50 Equal Weight ETF and SBI Equity Minimum Variance Fund?
DSP Nifty 50 Equal Weight ETF: Anil Ghelani, Diipesh Shah, Neha Rathi. SBI Equity Minimum Variance Fund: Raviprakash Sharma.
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.