DSP Nifty FMCG ETF vs Groww Nifty Non-Cyclical Consumer Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
DSP Nifty FMCG ETF is a mutual fund and Groww Nifty Non-Cyclical Consumer Index Fund is an Index fund. DSP Nifty FMCG ETF charges 0.49% a year and Groww Nifty Non-Cyclical Consumer Index Fund 0.65%. Their portfolios overlap 36.1%: they hold 11 of the same securities.
Groww Nifty Non-Cyclical Consumer Index Fund
Index
- Expense ratio
- 0.65%
- NAV
- ₹9.81
Which is better, DSP Nifty FMCG ETF or Groww Nifty Non-Cyclical Consumer Index? 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 FMCG ETF costs less: 0.49% a year against 0.65%.
- Groww Nifty Non-Cyclical Consumer Index fell less in its worst fall since 18-05-2026: −12.6% against −15.7%.
- Groww Nifty Non-Cyclical Consumer Index is the larger fund: ₹38 Cr against ₹7 Cr.
- Their portfolios overlap 36.1%: 11 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 FMCG ETF | Groww Nifty Non-Cyclical Consumer Index Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | Groww Mutual Fund |
| Category | Not available | Index |
| AUM | ₹7 Cr (30-09-2026) | ₹38 Cr (30-09-2026) |
| NAV | ₹43.79 | ₹9.81 (Direct) |
| Expense ratio (Direct) | Not available | 0.65% |
| Expense ratio (Regular) | Not available | 1.11% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty Non-Cyclical Consumer TRI |
| Launch date | Not available | 22-05-2024 |
| Minimum investment | Not available | ₹500 |
| Lock in | Not available | None |
| Fund managers | Not available | Nikhil Satam, Aakash Chauhan, Shashi Kumar |
| Exit load | Not available | • In respect of each purchase/switch-in of units, an Exit load of 1% is payable if units are redeemed/switched-out within 30 days from the date of allotment • No Exit Load is payable if units are redeemed / switched-out after 30 days from the date of allotment. No Entry / Exit Load shall be levied on Units allotted on Re-investment of Income Distribution cum Capital Withdrawal. In respect of Systematic Transactions such as SIP, STP, etc. Exit Load, if any, prevailing on the date of registration / enrolment shall be levied. |
DSP Nifty FMCG ETF vs Groww Nifty Non-Cyclical Consumer Index: 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 FMCG ETF | −2.03% | −12.06% | -- | -- | -- | -- | -- |
| Groww Nifty Non-Cyclical Consumer Index Fund (Direct) | −0.01% | −8.27% | −3.09% | −13.07% | -- | -- | -- |
DSP Nifty FMCG ETF vs Groww Nifty Non-Cyclical Consumer Index: Year-wise Returns
| Year | DSP Nifty FMCG ETFDSP Nifty FMCG ETF | Groww Nifty Non-Cyclical Consumer IndexGroww Nifty Non-Cyclical Consumer Index |
|---|---|---|
| 2026to date | -- | −10.14% |
| 2025 | -- | +0.08% |
DSP Nifty FMCG ETF vs Groww Nifty Non-Cyclical Consumer Index: Rolling Returns
Every holding period of both funds, against Nifty FMCG TRI, the benchmark of DSP Nifty FMCG ETF
DSP Nifty FMCG ETF vs Groww Nifty Non-Cyclical Consumer Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP Nifty FMCG ETF | Groww Nifty Non-Cyclical Consumer Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −28.14% | −0.78% |
| Standard deviation | 14.89% | 14.23% |
| Sharpe ratio | -2.25 | -0.46 |
| Sortino ratio | -2.90 | -0.65 |
| Maximum drawdown | −15.7% (23-10-2026) | −26.7% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.22% | −0.52% |
From daily NAVs, 18-05-2026 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 FMCG ETF
Groww Nifty Non-Cyclical Consumer Index Fund (Direct)
Nifty FMCG TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP Nifty FMCG ETF | −15.7% | 18-05-2026 | 23-10-2026 | Not yet | -- | −13.9% |
| Groww Nifty Non-Cyclical Consumer Index Fund (Direct) | −12.6% | 03-08-2026 | 23-10-2026 | Not yet | -- | −9.3% |
| Nifty FMCG TRI | −15.7% | 18-05-2026 | 23-10-2026 | Not yet | -- | −13.8% |
From daily values since 18-05-2026, the first day every fund has.
DSP Nifty FMCG ETF vs Groww Nifty Non-Cyclical Consumer Index: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Nifty FMCG ETF, September 2026; Groww Nifty Non-Cyclical Consumer Index Fund, September 2026
Holdings in common
- Overlap
- 36.1%
- Held by both
- 11
- Only in DSP Nifty FMCG ETF
- 4
- Only in Groww Nifty Non-Cyclical Consumer Index
- 19
| Security | % of DSP Nifty FMCG ETF | % of Groww Nifty Non-Cyclical Consumer Index |
|---|---|---|
| ITC Limited | 27.62% | 10.07% |
| Hindustan Unilever Limited | 18.18% | 7.23% |
| Nestle India Limited | 10.24% | 4.08% |
| Tata Consumer Products Limited | 6.74% | 2.68% |
| Varun Beverages Limited | 6.44% | 2.56% |
| Britannia Industries Limited | 6.20% | 2.47% |
| Marico Limited | 4.54% | 1.81% |
| United Spirits Limited | 4.36% | 1.74% |
| Godrej Consumer Products Limited | 3.73% | 1.48% |
| Colgate Palmolive (India) Limited | 2.53% | 1.01% |
| Dabur India Limited | 2.45% | 0.97% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.1% means 36.1% 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 FMCG ETF
| Security | % of fund |
|---|---|
| Radico Khaitan Limited | 3.73% |
| Patanjali Foods Limited | 1.37% |
| United Breweries Limited | 0.91% |
| Godfrey Phillips India Limited | 0.84% |
Largest holdings only in Groww Nifty Non-Cyclical Consumer Index Fund
| Security | % of fund |
|---|---|
| Bharti Airtel Limited | 10.14% |
| Eternal Limited | 9.85% |
| Titan Company Limited | 8.23% |
| InterGlobe Aviation Limited | 4.89% |
| Asian Paints Limited | 4.71% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Nifty FMCG ETF | Groww Nifty Non-Cyclical Consumer Index |
|---|---|---|
| Equity | 99.9% | 100.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.1% | -0.1% |
Market cap of stocks
| Market cap | DSP Nifty FMCG ETF | Groww Nifty Non-Cyclical Consumer Index |
|---|---|---|
| Large Cap | 79.2% | 76.4% |
| Mid Cap | 20.7% | 23.7% |
| 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 FMCG ETF | Groww Nifty Non-Cyclical Consumer Index |
|---|---|---|
| Diversified FMCG | 45.8% | 17.3% |
| Retailing | 0.0% | 25.3% |
| Consumer Durables | 0.0% | 17.5% |
| Food Products | 16.4% | 6.5% |
| Beverages | 15.4% | 4.3% |
| Telecom - Services | 0.0% | 12.5% |
| Agricultural Food & Other Products | 11.3% | 0.0% |
| Personal Products | 8.7% | 3.5% |
| Transport Services | 0.0% | 4.9% |
| Agricultural Food & other Products | 1.4% | 4.5% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Nifty FMCG ETF vs Groww Nifty Non-Cyclical Consumer Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Nifty FMCG ETF | Groww Nifty Non-Cyclical Consumer Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.65% |
| Base expense ratio (Direct) | 0.15% | 0.50% |
| Total expense ratio (Regular) | Not available | 1.11% |
| Base expense ratio (Regular) | 0.00% | 0.90% |
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 FMCG ETF vs Groww Nifty Non-Cyclical Consumer Index Fund: Frequently Asked Questions
What is the difference between DSP Nifty FMCG ETF and Groww Nifty Non-Cyclical Consumer Index Fund?
DSP Nifty FMCG ETF is a mutual fund, Groww Nifty Non-Cyclical Consumer Index Fund is an Index fund, run by DSP Mutual Fund and Groww Mutual Fund. Their portfolios overlap 36.1%. DSP Nifty FMCG ETF charges 0.49% a year and Groww Nifty Non-Cyclical Consumer Index Fund 0.65%.
Which has the lower expense ratio, DSP Nifty FMCG ETF or Groww Nifty Non-Cyclical Consumer Index Fund?
DSP Nifty FMCG ETF charges less: 0.49% a year against 0.65%. These are the total expense ratios reported to AMFI.
How much do DSP Nifty FMCG ETF and Groww Nifty Non-Cyclical Consumer Index Fund overlap?
36.1%. They hold 11 of the same securities, the largest shared ones being ITC, HINDUNILVR, NESTLEIND. From each fund's latest monthly portfolio.
Can I invest in both DSP Nifty FMCG ETF and Groww Nifty Non-Cyclical Consumer Index Fund?
Yes. 36.1% 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.