DSP Nifty 50 Index Fund vs Motilal Oswal Nifty Services Sector ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
DSP Nifty 50 Index Fund is an Index fund and Motilal Oswal Nifty Services Sector ETF is an ETF fund. DSP Nifty 50 Index Fund charges 0.22% a year and Motilal Oswal Nifty Services Sector ETF 0.78%. Their portfolios overlap 50.4%: they hold 24 of the same securities.
Motilal Oswal Nifty Services Sector ETF
ETF
- Expense ratio
- 0.78%
- NAV
- ₹31.03
Which is better, DSP Nifty 50 Index or Motilal Oswal Nifty Services Sector ETF? 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 Index costs less: 0.22% a year against 0.78%.
- DSP Nifty 50 Index fell less in its worst fall since 27-11-2025: −15.1% against −16.8%.
- DSP Nifty 50 Index is the larger fund: ₹1,047 Cr against ₹6 Cr.
- Their portfolios overlap 50.4%: 24 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 Index Fund | Motilal Oswal Nifty Services Sector ETF |
|---|---|---|
| Fund house | DSP Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Index | ETF |
| AUM | ₹1,047 Cr (30-09-2026) | ₹6 Cr (30-09-2026) |
| NAV | ₹22.79 (Direct) | ₹31.03 |
| Expense ratio (Direct) | 0.22% | Not available |
| Expense ratio (Regular) | 0.43% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 50 TRI | Nifty Services Sector TRI |
| Launch date | 21-02-2019 | 24-11-2025 |
| Minimum investment | ₹100 | Ongoing Basis: On Exchange: Investors can buy/sell units of the Scheme in round lots of 1 unit and in multiples thereof. Directly with the Mutual Fund: For Eligible investors: Transactions must be in multiple of unit creation size and the execution value |
| Lock in | None | None |
| Fund managers | Anil Ghelani, Diipesh Shah, Neha Rathi | Swapnil Mayekar, Dishant Mehta, Rakesh Shetty |
| Exit load | Nil | Nil |
DSP Nifty 50 Index vs Motilal Oswal Nifty Services Sector ETF: 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 Index Fund (Direct) | +1.92% | −5.04% | −3.19% | −10.11% | +7.41% | +6.46% | -- |
| Motilal Oswal Nifty Services Sector ETF | +6.44% | −0.99% | +2.62% | -- | -- | -- | -- |
DSP Nifty 50 Index vs Motilal Oswal Nifty Services Sector ETF: Year-wise Returns
| Year | DSP Nifty 50 IndexDSP Nifty 50 Index | Motilal Oswal Nifty Services Sector ETFMotilal Oswal Nifty Services Sector ETF |
|---|---|---|
| 2026to date | −11.01% | −7.74% |
| 2025 | +11.70% | -- |
| 2024 | +9.80% | -- |
| 2023 | +21.01% | -- |
| 2022 | +5.42% | -- |
| 2021 | +25.15% | -- |
DSP Nifty 50 Index vs Motilal Oswal Nifty Services Sector ETF: Rolling Returns
Every holding period of both funds, against Nifty 50 TRI, the benchmark of DSP Nifty 50 Index Fund
DSP Nifty 50 Index vs Motilal Oswal Nifty Services Sector ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP Nifty 50 Index Fund (Direct) | Motilal Oswal Nifty Services Sector ETF |
|---|---|---|
| Return (CAGR) | +11.32% | −9.70% |
| Standard deviation | 16.96% | 14.99% |
| Sharpe ratio | 0.36 | -1.00 |
| Sortino ratio | 0.49 | -1.36 |
| Maximum drawdown | −37.8% (23-03-2020) | −16.8% (31-03-2026) |
| Beta | 0.99 | 1.00 |
| Alpha | −0.30% | −0.56% |
From daily NAVs, 21-02-2019 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 Index Fund (Direct)
Motilal Oswal Nifty Services Sector ETF
Nifty 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP Nifty 50 Index Fund (Direct) | −15.1% | 02-01-2026 | 31-03-2026 | Not yet | -- | −11.7% |
| Motilal Oswal Nifty Services Sector ETF | −16.8% | 27-11-2025 | 31-03-2026 | Not yet | -- | −9.0% |
| Nifty 50 TRI | −15.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −11.6% |
From daily values since 27-11-2025, the first day every fund has.
DSP Nifty 50 Index vs Motilal Oswal Nifty Services Sector ETF: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Nifty 50 Index Fund, September 2026; Motilal Oswal Nifty Services Sector ETF, September 2026
Holdings in common
- Overlap
- 50.4%
- Held by both
- 24
- Only in DSP Nifty 50 Index
- 26
- Only in Motilal Oswal Nifty Services Sector ETF
- 6
| Security | % of DSP Nifty 50 Index | % of Motilal Oswal Nifty Services Sector ETF |
|---|---|---|
| HDFC Bank Limited | 10.38% | 8.04% |
| ICICI Bank Limited | 9.05% | 7.02% |
| Bharti Airtel Limited | 5.11% | 10.03% |
| Infosys Limited | 3.36% | 10.13% |
| State Bank of India | 3.79% | 2.94% |
| Axis Bank Limited | 3.37% | 2.61% |
| Kotak Mahindra Bank Limited | 2.93% | 2.27% |
| Eternal Limited | 2.22% | 7.23% |
| Tata Consultancy Services Limited | 2.00% | 6.52% |
| Bajaj Finance Limited | 2.50% | 1.94% |
| NTPC Limited | 1.47% | 4.78% |
| Adani Ports and Special Economic Zone Limited | 1.35% | 4.39% |
| HCL Technologies Limited | 1.24% | 4.04% |
| Power Grid Corporation of India Limited | 1.13% | 3.68% |
| Interglobe Aviation Limited | 1.08% | 3.52% |
| Shriram Finance Limited | 1.32% | 1.02% |
| BSE Limited | 1.21% | 0.94% |
| Tech Mahindra Limited | 0.93% | 3.02% |
| Apollo Hospitals Enterprise Limited | 0.80% | 2.61% |
| Bajaj Finserv Limited | 0.96% | 0.74% |
| Max Healthcare Institute Limited | 0.66% | 2.16% |
| SBI Life Insurance Co Limited | 0.73% | 0.57% |
| Jio Financial Services Limited | 0.68% | 0.53% |
| HDFC Life Insurance Co Limited | 0.54% | 0.41% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 50.4% means 50.4% 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 Index Fund
| Security | % of fund |
|---|---|
| Reliance Industries Limited | 7.58% |
| Larsen & Toubro Limited | 4.21% |
| Mahindra & Mahindra Limited | 2.52% |
| ITC Limited | 2.42% |
| Sun Pharmaceutical Industries Limited | 1.84% |
Largest holdings only in Motilal Oswal Nifty Services Sector ETF
| Security | % of fund |
|---|---|
| Adani Power Limited | 2.65% |
| Avenue Supermarts Limited | 1.91% |
| Tata Power Company Limited | 1.88% |
| Wipro Limited | 1.34% |
| The Federal Bank Limited | 0.58% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Nifty 50 Index | Motilal Oswal Nifty Services Sector ETF |
|---|---|---|
| Equity | 100.0% | 99.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.0% | 0.1% |
Market cap of stocks
| Market cap | DSP Nifty 50 Index | Motilal Oswal Nifty Services Sector ETF |
|---|---|---|
| Large Cap | 98.7% | 96.8% |
| Mid Cap | 1.4% | 3.2% |
| 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 Index | Motilal Oswal Nifty Services Sector ETF |
|---|---|---|
| Banks | 29.5% | 23.9% |
| IT - Software | 7.5% | 25.1% |
| Power | 2.6% | 13.0% |
| Telecom - Services | 5.1% | 10.0% |
| Retailing | 3.0% | 9.1% |
| Petroleum Products | 7.6% | 0.0% |
| Automobiles | 6.7% | 0.0% |
| Finance | 5.5% | 4.2% |
| Healthcare Services | 1.5% | 4.8% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Nifty 50 Index vs Motilal Oswal Nifty Services Sector ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Nifty 50 Index Fund | Motilal Oswal Nifty Services Sector ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.22% | Not available |
| Base expense ratio (Direct) | 0.15% | 0.00% |
| Total expense ratio (Regular) | 0.43% | Not available |
| Base expense ratio (Regular) | 0.33% | 0.45% |
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.
DSP Nifty 50 Index Fund vs Motilal Oswal Nifty Services Sector ETF: Frequently Asked Questions
What is the difference between DSP Nifty 50 Index Fund and Motilal Oswal Nifty Services Sector ETF?
DSP Nifty 50 Index Fund is an Index fund, Motilal Oswal Nifty Services Sector ETF is an ETF fund, run by DSP Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 50.4%. DSP Nifty 50 Index Fund charges 0.22% a year and Motilal Oswal Nifty Services Sector ETF 0.78%.
Which has the lower expense ratio, DSP Nifty 50 Index Fund or Motilal Oswal Nifty Services Sector ETF?
DSP Nifty 50 Index Fund charges less: 0.22% a year against 0.78%. These are the total expense ratios reported to AMFI.
How much do DSP Nifty 50 Index Fund and Motilal Oswal Nifty Services Sector ETF overlap?
50.4%. They hold 24 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, DSP Nifty 50 Index Fund or Motilal Oswal Nifty Services Sector ETF?
On SEBI's riskometer, DSP Nifty 50 Index Fund is rated Very High and Motilal Oswal Nifty Services Sector ETF Very High. Over their common history, the standard deviation of daily returns was 16.96% and 14.99% a year.
Can I invest in both DSP Nifty 50 Index Fund and Motilal Oswal Nifty Services Sector ETF?
Yes. 50.4% 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 Index Fund and Motilal Oswal Nifty Services Sector ETF?
DSP Nifty 50 Index Fund: Anil Ghelani, Diipesh Shah, Neha Rathi. Motilal Oswal Nifty Services Sector ETF: Swapnil Mayekar, Dishant Mehta, Rakesh Shetty.
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.