DSP Nifty IT Index Fund vs SBI Nifty IT ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
DSP Nifty IT Index Fund is an Index fund and SBI Nifty IT ETF is a mutual fund. In the year to 30-10-2026, DSP Nifty IT Index Fund (Direct) returned −7.6% and SBI Nifty IT ETF (Regular) returned −7.8%. DSP Nifty IT Index Fund charges 0.44% a year and SBI Nifty IT ETF 0.25%. Their portfolios overlap 99.9%: they hold 10 of the same securities.
Which is better, DSP Nifty IT Index or SBI Nifty IT 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 IT Index returned more over 1 year: −7.6% against −7.8%.
- SBI Nifty IT ETF costs less: 0.25% a year against 0.44%.
- DSP Nifty IT Index fell less in its worst fall since 20-06-2025: −34.0% against −34.1%.
- DSP Nifty IT Index is the larger fund: ₹103 Cr against ₹70 Cr.
- Their portfolios overlap 99.9%: 10 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 IT Index Fund | SBI Nifty IT ETF |
|---|---|---|
| Fund house | DSP Mutual Fund | SBI Mutual Fund |
| Category | Index | Not available |
| AUM | ₹103 Cr (30-09-2026) | ₹70 Cr (30-09-2026) |
| NAV | ₹8.60 (Direct) | ₹362.75 (Regular) |
| Expense ratio (Direct) | 0.44% | Not available |
| Expense ratio (Regular) | 1.15% | 0.25% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty IT TRI | Not available |
| Launch date | 20-06-2025 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | None | Not available |
| Fund managers | Anil Ghelani, Diipesh Shah, Neha Rathi | Not available |
| Exit load | Nil | Not available |
DSP Nifty IT Index vs SBI Nifty IT 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 IT Index Fund (Direct) | +18.10% | +5.03% | +12.30% | −7.57% | -- | -- | -- |
| SBI Nifty IT ETF (Regular) | +18.03% | +4.80% | +11.96% | −7.85% | +3.94% | +0.67% | -- |
DSP Nifty IT Index vs SBI Nifty IT ETF: Year-wise Returns
| Year | DSP Nifty IT IndexDSP Nifty IT Index | SBI Nifty IT ETFSBI Nifty IT ETF | Nifty IT TRI |
|---|---|---|---|
| 2026to date | −12.40% | −12.68% | −12.48% |
| 2025 | -- | −10.62% | −10.44% |
| 2024 | -- | +24.07% | +24.42% |
| 2023 | -- | +25.94% | +26.30% |
| 2022 | -- | −24.66% | −24.46% |
| 2021 | -- | +62.03% | +62.35% |
DSP Nifty IT Index vs SBI Nifty IT ETF: Rolling Returns
Every holding period of both funds, against Nifty IT TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 89 of them, one for each trading day from 22-06-2026 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 IT Index Fund (Direct)
SBI Nifty IT ETF (Regular)
Nifty IT TRI
to
Jul 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 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 IT Index | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −16.1% | −15.1% | −32.2% | −6.2% | 7% |
| SBI Nifty IT ETF | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −16.1% | −15.1% | −32.3% | −6.1% | 0% |
| Nifty IT TRI | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −15.9% | −14.9% | −32.2% | −5.9% | -- |
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 Nifty IT 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 20-06-2025. Past returns do not promise future returns.
DSP Nifty IT Index vs SBI Nifty IT ETF: 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 20-06-2025 to 30-10-2026: 17 instalments, ₹1,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| DSP Nifty IT IndexDSP Nifty IT Index Fund (Direct) | ₹1,70,000 | ₹1,70,954 | ₹954 | 0.8% |
| SBI Nifty IT ETFSBI Nifty IT ETF (Regular) | ₹1,70,000 | ₹1,70,968 | ₹968 | 0.8% |
DSP Nifty IT IndexDSP Nifty IT Index Fund (Direct)
SBI Nifty IT ETFSBI Nifty IT ETF (Regular)
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 IT Index vs SBI Nifty IT ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP Nifty IT Index Fund (Direct) | SBI Nifty IT ETF (Regular) |
|---|---|---|
| Return (CAGR) | −7.57% | −7.85% |
| Standard deviation | 25.96% | 26.08% |
| Sharpe ratio | -0.49 | -0.50 |
| Sortino ratio | -0.69 | -0.70 |
| Maximum drawdown | −34.0% (01-07-2026) | −34.1% (01-07-2026) |
| Beta | 0.99 | 1.00 |
| Alpha | −0.02% | −0.24% |
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 IT Index Fund (Direct) | SBI Nifty IT ETF (Regular) |
|---|---|---|
| Return (CAGR) | −10.52% | +9.01% |
| Standard deviation | 24.00% | 21.72% |
| Sharpe ratio | -0.66 | 0.17 |
| Sortino ratio | -0.92 | 0.24 |
| Maximum drawdown | −34.0% (01-07-2026) | −42.2% (01-07-2026) |
| Beta | 0.99 | 1.00 |
| Alpha | −0.11% | −0.27% |
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 IT Index Fund (Direct)
SBI Nifty IT ETF (Regular)
Nifty IT TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP Nifty IT Index Fund (Direct) | −34.0% | 22-12-2025 | 01-07-2026 | Not yet | -- | −15.9% |
| SBI Nifty IT ETF (Regular) | −34.1% | 22-12-2025 | 01-07-2026 | Not yet | -- | −16.2% |
| Nifty IT TRI | −34.1% | 22-12-2025 | 01-07-2026 | Not yet | -- | −16.0% |
From daily values since 20-06-2025, 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 IT Index Fund (Direct)
SBI Nifty IT ETF (Regular)
Nifty IT TRI
Against Nifty IT TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| DSP Nifty IT Index Fund (Direct) | 99% | 99% | 0.30% |
| SBI Nifty IT ETF (Regular) | 100% | 100% | 0.08% |
From month-end values since 20-06-2025. 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 IT Index vs SBI Nifty IT ETF: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Nifty IT Index Fund, September 2026; SBI Nifty IT ETF, September 2026
Holdings in common
- Overlap
- 99.9%
- Held by both
- 10
- Only in DSP Nifty IT Index
- 0
- Only in SBI Nifty IT ETF
- 0
| Security | % of DSP Nifty IT Index | % of SBI Nifty IT ETF |
|---|---|---|
| Infosys Limited | 31.26% | 31.30% |
| Tata Consultancy Services Limited | 19.05% | 19.08% |
| HCL Technologies Limited | 11.79% | 11.81% |
| Tech Mahindra Limited | 10.46% | 10.47% |
| Coforge Limited | 6.58% | 6.59% |
| Persistent Systems Limited | 6.21% | 6.21% |
| Wipro Limited | 4.64% | 4.64% |
| Ltm Limited | 4.06% | 4.06% |
| Mphasis Limited | 3.08% | 3.09% |
| Oracle Financial Services Software Limited | 2.74% | 2.75% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 99.9% means 99.9% 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 IT Index Fund
Every holding of this fund is also held by the other.
Largest holdings only in SBI Nifty IT ETF
Every holding of this fund is also held by the other.
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Nifty IT Index | SBI Nifty IT ETF |
|---|---|---|
| Equity | 99.9% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.1% | 0.0% |
Market cap of stocks
| Market cap | DSP Nifty IT Index | SBI Nifty IT ETF |
|---|---|---|
| Large Cap | 81.3% | 81.4% |
| Mid Cap | 18.6% | 18.6% |
| 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 IT Index | SBI Nifty IT ETF |
|---|---|---|
| IT - Software | 99.9% | 100.0% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Nifty IT Index vs SBI Nifty IT ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Nifty IT Index Fund | SBI Nifty IT ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.44% | Not available |
| Base expense ratio (Direct) | 0.21% | 0.00% |
| Total expense ratio (Regular) | 1.15% | 0.25% |
| Base expense ratio (Regular) | 0.83% | 0.17% |
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 IT Index Fund vs SBI Nifty IT ETF: Frequently Asked Questions
What is the difference between DSP Nifty IT Index Fund and SBI Nifty IT ETF?
DSP Nifty IT Index Fund is an Index fund, SBI Nifty IT ETF is a mutual fund, run by DSP Mutual Fund and SBI Mutual Fund. Their portfolios overlap 99.9%. DSP Nifty IT Index Fund charges 0.44% a year and SBI Nifty IT ETF 0.25%.
Which has given higher returns, DSP Nifty IT Index Fund or SBI Nifty IT ETF?
Over 1 year: DSP Nifty IT Index Fund −7.57%, SBI Nifty IT ETF −7.85%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, DSP Nifty IT Index Fund or SBI Nifty IT ETF?
SBI Nifty IT ETF charges less: 0.25% a year against 0.44%. These are the total expense ratios reported to AMFI.
How much do DSP Nifty IT Index Fund and SBI Nifty IT ETF overlap?
99.9%. They hold 10 of the same securities, the largest shared ones being INFY, TCS, HCLTECH. From each fund's latest monthly portfolio.
Can I invest in both DSP Nifty IT Index Fund and SBI Nifty IT ETF?
Yes. 99.9% of each fund's money sits in the same holdings, so a large part 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.