DSP Nifty Healthcare Index Fund vs Mirae Asset Nifty 500 Healthcare ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
DSP Nifty Healthcare Index Fund is an Index fund and Mirae Asset Nifty 500 Healthcare ETF is an ETF fund. DSP Nifty Healthcare Index Fund charges 0.40% a year and Mirae Asset Nifty 500 Healthcare ETF 0.35%. Their portfolios overlap 79.8%: they hold 20 of the same securities.
Mirae Asset Nifty 500 Healthcare ETF
ETF
- Expense ratio
- 0.35%
- NAV
- ₹21.44
Which is better, DSP Nifty Healthcare Index or Mirae Asset Nifty 500 Healthcare ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Mirae Asset Nifty 500 Healthcare ETF costs less: 0.35% a year against 0.40%.
- DSP Nifty Healthcare Index fell less in its worst fall since 11-02-2026: −9.2% against −9.6%.
- DSP Nifty Healthcare Index holds more in large companies: 47.8% of the fund in large caps against 36.0%.
- DSP Nifty Healthcare Index is the larger fund: ₹25 Cr against ₹15 Cr.
- Their portfolios overlap 79.8%: 20 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 Healthcare Index Fund | Mirae Asset Nifty 500 Healthcare ETF |
|---|---|---|
| Fund house | DSP Mutual Fund | Mirae Asset Mutual Fund |
| Category | Index | ETF |
| AUM | ₹25 Cr (30-09-2026) | ₹15 Cr (30-09-2026) |
| NAV | ₹11.71 (Direct) | ₹21.44 |
| Expense ratio (Direct) | 0.40% | Not available |
| Expense ratio (Regular) | 1.08% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY Healthcare TRI | Nifty500 Healthcare TRI |
| Launch date | 20-06-2025 | Not available |
| Minimum investment | ₹100 | On exchange in multiple of 1 unit. With AMC: In multiples of 5,000 units |
| Lock in | None | None |
| Fund managers | Anil Ghelani, Diipesh Shah, Neha Rathi | Ekta Gala, amp, Ritesh Patel |
| Exit load | Nil | NIL |
DSP Nifty Healthcare Index vs Mirae Asset Nifty 500 Healthcare 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 Healthcare Index Fund (Direct) | +1.91% | −1.51% | +10.50% | +11.22% | -- | -- | -- |
| Mirae Asset Nifty 500 Healthcare ETF | +1.43% | −0.66% | +12.95% | -- | -- | -- | -- |
DSP Nifty Healthcare Index vs Mirae Asset Nifty 500 Healthcare ETF: Year-wise Returns
| Year | DSP Nifty Healthcare IndexDSP Nifty Healthcare Index | Mirae Asset Nifty 500 Healthcare ETFMirae Asset Nifty 500 Healthcare ETF |
|---|---|---|
| 2026to date | +12.66% | -- |
DSP Nifty Healthcare Index vs Mirae Asset Nifty 500 Healthcare ETF: Rolling Returns
Every holding period of both funds, against Nifty Healthcare Index TRI, the benchmark of DSP Nifty Healthcare Index Fund
DSP Nifty Healthcare Index vs Mirae Asset Nifty 500 Healthcare ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP Nifty Healthcare Index Fund (Direct) | Mirae Asset Nifty 500 Healthcare ETF |
|---|---|---|
| Return (CAGR) | +12.26% | +23.46% |
| Standard deviation | 13.60% | 14.16% |
| Sharpe ratio | 0.51 | 1.29 |
| Sortino ratio | 0.74 | 1.90 |
| Maximum drawdown | −9.2% (23-10-2026) | −9.6% (23-10-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.35% | −0.22% |
From daily NAVs, 20-06-2025 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 Nifty Healthcare Index Fund (Direct)
Mirae Asset Nifty 500 Healthcare ETF
Nifty Healthcare Index TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP Nifty Healthcare Index Fund (Direct) | −9.2% | 31-08-2026 | 23-10-2026 | Not yet | -- | −3.0% |
| Mirae Asset Nifty 500 Healthcare ETF | −9.6% | 23-09-2026 | 23-10-2026 | Not yet | -- | −3.0% |
| Nifty Healthcare Index TRI | −9.2% | 31-08-2026 | 23-10-2026 | Not yet | -- | −2.9% |
From daily values since 11-02-2026, the first day every fund has.
DSP Nifty Healthcare Index vs Mirae Asset Nifty 500 Healthcare ETF: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Nifty Healthcare Index Fund, September 2026; Mirae Asset Nifty 500 Healthcare ETF, September 2026
Holdings in common
- Overlap
- 79.8%
- Held by both
- 20
- Only in DSP Nifty Healthcare Index
- 0
- Only in Mirae Asset Nifty 500 Healthcare ETF
- 24
| Security | % of DSP Nifty Healthcare Index | % of Mirae Asset Nifty 500 Healthcare ETF |
|---|---|---|
| Sun Pharmaceutical Industries Limited | 17.01% | 10.13% |
| Divi's Laboratories Limited | 10.44% | 8.76% |
| Apollo Hospitals Enterprise Limited | 7.43% | 6.24% |
| Laurus Labs Limited | 6.82% | 5.72% |
| Cipla Limited | 6.70% | 5.62% |
| Dr. Reddy's Laboratories Limited | 6.65% | 5.58% |
| Torrent Pharmaceuticals Limited | 6.25% | 5.24% |
| Max Healthcare Institute Limited | 6.12% | 5.13% |
| Lupin Limited | 4.36% | 3.66% |
| Aurobindo Pharma Limited | 4.09% | 3.43% |
| Fortis Healthcare Limited | 3.55% | 2.98% |
| Glenmark Pharmaceuticals Limited | 3.11% | 2.61% |
| Alkem Laboratories Limited | 2.75% | 2.31% |
| Zydus Lifesciences Limited | 2.55% | 2.14% |
| Mankind Pharma Limited | 2.51% | 2.10% |
| IPCA Laboratories Limited | 2.37% | 1.98% |
| Biocon Limited | 2.28% | 1.91% |
| Gland Pharma Limited | 2.04% | 1.71% |
| Krishna Institute Of Medical Sciences Limited | 1.76% | 1.48% |
| Abbott India Limited | 1.25% | 1.04% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 79.8% means 79.8% 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 Healthcare Index Fund
Every holding of this fund is also held by the other.
Largest holdings only in Mirae Asset Nifty 500 Healthcare ETF
| Security | % of fund |
|---|---|
| Sai Life Sciences Ltd. | 1.56% |
| Aster DM Quality Care Ltd. | 1.38% |
| Neuland Laboratories Ltd. | 1.36% |
| Wockhardt Ltd. | 1.30% |
| Acutaas Chemicals Ltd. | 1.26% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Nifty Healthcare Index | Mirae Asset Nifty 500 Healthcare ETF |
|---|---|---|
| Equity | 100.0% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.0% | 0.0% |
Market cap of stocks
| Market cap | DSP Nifty Healthcare Index | Mirae Asset Nifty 500 Healthcare ETF |
|---|---|---|
| Large Cap | 47.8% | 36.0% |
| Mid Cap | 48.4% | 45.6% |
| Small Cap | 3.8% | 18.3% |
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 Healthcare Index | Mirae Asset Nifty 500 Healthcare ETF |
|---|---|---|
| Pharmaceuticals & Biotechnology | 81.2% | 77.8% |
| Healthcare Services | 18.9% | 21.7% |
| Healthcare Equipment & Supplies | 0.0% | 0.5% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Nifty Healthcare Index vs Mirae Asset Nifty 500 Healthcare ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Nifty Healthcare Index Fund | Mirae Asset Nifty 500 Healthcare ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.40% | Not available |
| Base expense ratio (Direct) | 0.21% | 0.00% |
| Total expense ratio (Regular) | 1.08% | Not available |
| Base expense ratio (Regular) | 0.80% | 0.16% |
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 Healthcare Index Fund vs Mirae Asset Nifty 500 Healthcare ETF: Frequently Asked Questions
What is the difference between DSP Nifty Healthcare Index Fund and Mirae Asset Nifty 500 Healthcare ETF?
DSP Nifty Healthcare Index Fund is an Index fund, Mirae Asset Nifty 500 Healthcare ETF is an ETF fund, run by DSP Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 79.8%. DSP Nifty Healthcare Index Fund charges 0.40% a year and Mirae Asset Nifty 500 Healthcare ETF 0.35%.
Which has the lower expense ratio, DSP Nifty Healthcare Index Fund or Mirae Asset Nifty 500 Healthcare ETF?
Mirae Asset Nifty 500 Healthcare ETF charges less: 0.35% a year against 0.40%. These are the total expense ratios reported to AMFI.
How much do DSP Nifty Healthcare Index Fund and Mirae Asset Nifty 500 Healthcare ETF overlap?
79.8%. They hold 20 of the same securities, the largest shared ones being SUNPHARMA, DIVISLAB, APOLLOHOSP. From each fund's latest monthly portfolio.
Which is riskier, DSP Nifty Healthcare Index Fund or Mirae Asset Nifty 500 Healthcare ETF?
On SEBI's riskometer, DSP Nifty Healthcare Index Fund is rated Very High and Mirae Asset Nifty 500 Healthcare ETF Very High. Over their common history, the standard deviation of daily returns was 13.60% and 14.16% a year.
Can I invest in both DSP Nifty Healthcare Index Fund and Mirae Asset Nifty 500 Healthcare ETF?
Yes. 79.8% 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 Healthcare Index Fund and Mirae Asset Nifty 500 Healthcare ETF?
DSP Nifty Healthcare Index Fund: Anil Ghelani, Diipesh Shah, Neha Rathi. Mirae Asset Nifty 500 Healthcare ETF: Ekta Gala, amp, Ritesh Patel.
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.