DSP Nifty Midcap 150 ETF vs Navi Nifty Midsmallcap 400 Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
DSP Nifty Midcap 150 ETF is an ETF fund and Navi Nifty Midsmallcap 400 Index Fund is an Index fund. DSP Nifty Midcap 150 ETF charges 0.32% a year and Navi Nifty Midsmallcap 400 Index Fund 0.52%. Their portfolios overlap 63.6%: they hold 149 of the same securities.
Navi Nifty Midsmallcap 400 Index Fund
Index
- Expense ratio
- 0.52%
- NAV
- ₹9.88
Which is better, DSP Nifty Midcap 150 ETF or Navi Nifty Midsmallcap 400 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 Midcap 150 ETF costs less: 0.32% a year against 0.52%.
- DSP Nifty Midcap 150 ETF fell less in its worst fall since 12-12-2025: −14.0% against −14.3%.
- DSP Nifty Midcap 150 ETF is the larger fund: ₹14 Cr against ₹12 Cr.
- Their portfolios overlap 63.6%: 149 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 Midcap 150 ETF | Navi Nifty Midsmallcap 400 Index Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | Navi Mutual Fund |
| Category | ETF | Index |
| AUM | ₹14 Cr (30-09-2026) | ₹12 Cr (30-09-2026) |
| NAV | ₹21.09 | ₹9.88 (Direct) |
| Expense ratio (Direct) | Not available | 0.52% |
| Expense ratio (Regular) | Not available | 1.40% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Midcap 150 TRI | Nifty MidSmallcap 400 Index |
| Launch date | 12-12-2025 | 09-12-2025 |
| Minimum investment | ₹5,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Anil Ghelani, Diipesh Shah, Neha Rathi | Ashutosh Shirwaikar |
| Exit load | Nil | NIL |
DSP Nifty Midcap 150 ETF vs Navi Nifty Midsmallcap 400 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 Midcap 150 ETF | −3.69% | −8.61% | −4.15% | -- | -- | -- | -- |
| Navi Nifty Midsmallcap 400 Index Fund (Direct) | −4.45% | −7.72% | −2.85% | -- | -- | -- | -- |
DSP Nifty Midcap 150 ETF vs Navi Nifty Midsmallcap 400 Index: Year-wise Returns
| Year | DSP Nifty Midcap 150 ETFDSP Nifty Midcap 150 ETF | Navi Nifty Midsmallcap 400 IndexNavi Nifty Midsmallcap 400 Index |
|---|---|---|
| 2026to date | −5.28% | −3.70% |
DSP Nifty Midcap 150 ETF vs Navi Nifty Midsmallcap 400 Index: Rolling Returns
Every holding period of both funds, against Nifty Midcap 150 TRI, the benchmark of DSP Nifty Midcap 150 ETF
DSP Nifty Midcap 150 ETF vs Navi Nifty Midsmallcap 400 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP Nifty Midcap 150 ETF | Navi Nifty Midsmallcap 400 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.34% | −1.14% |
| Standard deviation | 17.29% | 17.20% |
| Sharpe ratio | -0.61 | -0.37 |
| Sortino ratio | -0.82 | -0.50 |
| Maximum drawdown | −14.0% (31-03-2026) | −14.3% (23-03-2026) |
| Beta | 1.00 | 0.99 |
| Alpha | −0.33% | −0.90% |
From daily NAVs, 12-12-2025 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 Midcap 150 ETF
Navi Nifty Midsmallcap 400 Index Fund (Direct)
Nifty Midcap 150 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP Nifty Midcap 150 ETF | −14.0% | 07-01-2026 | 31-03-2026 | 07-05-2026 | 37 days | −10.6% |
| Navi Nifty Midsmallcap 400 Index Fund (Direct) | −14.3% | 07-01-2026 | 23-03-2026 | 06-05-2026 | 44 days | −10.1% |
| Nifty Midcap 150 TRI | −13.9% | 07-01-2026 | 30-03-2026 | 07-05-2026 | 38 days | −10.5% |
From daily values since 12-12-2025, the first day every fund has.
DSP Nifty Midcap 150 ETF vs Navi Nifty Midsmallcap 400 Index: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Nifty Midcap 150 ETF, September 2026; Navi Nifty Midsmallcap 400 Index Fund, September 2026
Holdings in common
- Overlap
- 63.6%
- Held by both
- 149
- Only in DSP Nifty Midcap 150 ETF
- 1
- Only in Navi Nifty Midsmallcap 400 Index
- 247
| Security | % of DSP Nifty Midcap 150 ETF | % of Navi Nifty Midsmallcap 400 Index |
|---|---|---|
| Multi Commodity Exchange Of India Limited | 2.06% | 1.33% |
| Federal Bank Limited | 1.93% | 1.24% |
| Laurus Labs Limited | 1.90% | 1.22% |
| One 97 Communications Limited | 1.77% | 1.14% |
| Hero MotoCorp Limited | 1.67% | 1.08% |
| Indian Hotels Co Limited | 1.57% | 1.01% |
| Coforge Limited | 1.50% | 0.96% |
| Bharat Heavy Electricals Limited | 1.49% | 0.96% |
| IndusInd Bank Limited | 1.46% | 0.94% |
| AU Small Finance Bank Limited | 1.45% | 0.93% |
| Persistent Systems Limited | 1.41% | 0.91% |
| Dixon Technologies (India) Limited | 1.35% | 0.87% |
| IDFC First Bank Limited | 1.33% | 0.86% |
| Bharat Forge Limited | 1.31% | 0.85% |
| Ge Vernova T&D India Limited | 1.28% | 0.82% |
| Lenskart Solutions Limited | 1.24% | 0.80% |
| Life Insurance Corporation Of India | 1.23% | 0.79% |
| Lupin Limited | 1.21% | 0.78% |
| Suzlon Energy Limited | 1.18% | 0.76% |
| Indus Towers Limited | 1.18% | 0.76% |
| Info Edge (India) Limited | 1.16% | 0.75% |
| Aurobindo Pharma Limited | 1.14% | 0.73% |
| Ashok Leyland Limited | 1.09% | 0.70% |
| FSN E-Commerce Ventures Limited | 1.08% | 0.69% |
| Marico Limited | 1.02% | 0.66% |
| Fortis Healthcare Limited | 0.99% | 0.64% |
| APL Apollo Tubes Limited | 0.98% | 0.63% |
| United Spirits Limited | 0.98% | 0.63% |
| ICICI Lombard General Insurance Co Limited | 0.95% | 0.61% |
| PB Fintech Limited | 0.93% | 0.60% |
| Swiggy Limited | 0.92% | 0.59% |
| REC Limited | 0.91% | 0.59% |
| Yes Bank Limited | 0.91% | 0.58% |
| Max Financial Services Limited | 0.89% | 0.58% |
| Phoenix Mills Limited | 0.89% | 0.57% |
| SRF Limited | 0.88% | 0.57% |
| Glenmark Pharmaceuticals Limited | 0.86% | 0.56% |
| Radico Khaitan Limited | 0.84% | 0.54% |
| Hindustan Petroleum Corporation Limited | 0.83% | 0.53% |
| Lodha Developers Limited | 0.83% | 0.53% |
| GMR Airports Limited | 0.81% | 0.52% |
| Apar Industries Limited | 0.79% | 0.52% |
| Aditya Birla Capital Limited | 0.80% | 0.51% |
| Alkem Laboratories Limited | 0.77% | 0.49% |
| JSW Energy Limited | 0.75% | 0.48% |
| National Aluminium Co Limited | 0.75% | 0.48% |
| UPL Limited | 0.74% | 0.48% |
| Sundaram Finance Limited | 0.74% | 0.47% |
| Shree Cement Limited | 0.73% | 0.47% |
| Vishal Mega Mart Limited | 0.70% | 0.45% |
| Mphasis Limited | 0.70% | 0.45% |
| Indian Bank | 0.70% | 0.45% |
| Mankind Pharma Limited | 0.70% | 0.45% |
| NHPC Limited | 0.68% | 0.43% |
| 360 One Wam Limited | 0.67% | 0.43% |
| KEI Industries Limited | 0.67% | 0.43% |
| IPCA Laboratories Limited | 0.66% | 0.42% |
| Billionbrains Garage Ventures Limited | 0.65% | 0.42% |
| Steel Authority of India Limited | 0.65% | 0.42% |
| Piramal Finance Limited | 0.65% | 0.42% |
| NMDC Limited | 0.65% | 0.42% |
| Biocon Limited | 0.64% | 0.41% |
| Havells India Limited | 0.63% | 0.41% |
| Lloyds Metals And Energy Limited | 0.63% | 0.41% |
| MRF Limited | 0.63% | 0.40% |
| Oracle Financial Services Software Limited | 0.62% | 0.40% |
| Tube Investments of India Limited | 0.62% | 0.40% |
| Prestige Estates Projects Limited | 0.61% | 0.40% |
| Voltas Limited | 0.60% | 0.39% |
| Oil India Limited | 0.60% | 0.39% |
| Jindal Stainless Limited | 0.58% | 0.37% |
| Torrent Power Limited | 0.58% | 0.37% |
| Colgate Palmolive (India) Limited | 0.57% | 0.37% |
| Waaree Energies Limited | 0.56% | 0.36% |
| L&T Finance Limited | 0.56% | 0.36% |
| Dabur India Limited | 0.55% | 0.36% |
| Page Industries Limited | 0.57% | 0.35% |
| Supreme Industries Limited | 0.55% | 0.35% |
| Godrej Properties Limited | 0.54% | 0.35% |
| Mahindra & Mahindra Financial Services Limited | 0.53% | 0.34% |
| Kalyan Jewellers India Limited | 0.52% | 0.34% |
| Petronet LNG Limited | 0.52% | 0.34% |
| Uno Minda Limited | 0.52% | 0.34% |
| J.K. Cement Limited | 0.52% | 0.34% |
| JSW Infrastructure Limited | 0.52% | 0.34% |
| Coromandel International Limited | 0.52% | 0.33% |
| Oberoi Realty Limited | 0.51% | 0.33% |
| Meesho Limited | 0.51% | 0.33% |
| Blue Star Limited | 0.49% | 0.31% |
| Tata Communications Limited | 0.48% | 0.31% |
| Nippon Life India Asset Management Limited | 0.47% | 0.31% |
| Exide Industries Limited | 0.46% | 0.30% |
| PI Industries Limited | 0.46% | 0.30% |
| Aster DM Quality Care Limited | 0.46% | 0.30% |
| Gujarat Fluorochemicals Limited | 0.46% | 0.29% |
| ICICI Prudential Asset Management Co Limited | 0.45% | 0.29% |
| ITC Hotels Limited | 0.45% | 0.29% |
| Hindustan Copper Limited | 0.45% | 0.29% |
| Jubilant Foodworks Limited | 0.44% | 0.28% |
| LG Electronics India Limited | 0.43% | 0.28% |
| ICICI Prudential Life Insurance Co Limited | 0.43% | 0.28% |
| SBI Cards and Payment Services Limited | 0.42% | 0.27% |
| Balkrishna Industries Limited | 0.42% | 0.27% |
| Astral Limited | 0.41% | 0.27% |
| Ajanta Pharma Limited | 0.41% | 0.26% |
| Adani Total Gas Limited | 0.41% | 0.26% |
| Bank Of Maharashtra | 0.40% | 0.26% |
| Bank of India | 0.39% | 0.25% |
| LIC Housing Finance Limited | 0.39% | 0.25% |
| Motilal Oswal Financial Services Limited | 0.39% | 0.25% |
| Schaeffler India Limited | 0.39% | 0.25% |
| Container Corporation Of India Limited | 0.38% | 0.24% |
| AIA Engineering Limited | 0.37% | 0.24% |
| Authum Investment & Infrastructure Limited | 0.36% | 0.23% |
| Abbott India Limited | 0.35% | 0.22% |
| Indian Railway Catering And Tourism Corporation Limited | 0.34% | 0.22% |
| Dalmia Bharat Limited | 0.33% | 0.21% |
| Linde India Limited | 0.33% | 0.21% |
| Thermax Limited | 0.32% | 0.21% |
| Berger Paints India Limited | 0.32% | 0.21% |
| General Insurance Corporation Of India | 0.32% | 0.21% |
| HDB Financial Services Limited | 0.32% | 0.21% |
| Premier Energies Limited | 0.31% | 0.20% |
| Patanjali Foods Limited | 0.31% | 0.20% |
| Cochin Shipyard Limited | 0.31% | 0.20% |
| Narayana Hrudayalaya Limited | 0.30% | 0.20% |
| Global Health Limited | 0.30% | 0.19% |
| K.P.R. Mill Limited | 0.30% | 0.19% |
| Glaxosmithkline Pharmaceuticals Limited | 0.28% | 0.18% |
| Rail Vikas Nigam Limited | 0.28% | 0.18% |
| CRISIL Limited | 0.27% | 0.17% |
| Bharti Hexacom Limited | 0.26% | 0.17% |
| Bharat Dynamics Limited | 0.25% | 0.16% |
| Anthem Biosciences Limited | 0.23% | 0.15% |
| NLC India Limited | 0.23% | 0.15% |
| Endurance Technologies Limited | 0.23% | 0.15% |
| L&T Technology Services Limited | 0.22% | 0.14% |
| Escorts Kubota Limited | 0.22% | 0.14% |
| Indian Renewable Energy Development Agency Limited | 0.22% | 0.14% |
| Bajaj Housing Finance Limited | 0.22% | 0.14% |
| NTPC Green Energy Limited | 0.21% | 0.14% |
| Housing & Urban Development Corporation Limited | 0.21% | 0.13% |
| United Breweries Limited | 0.21% | 0.13% |
| Tata Investment Corporation Limited | 0.20% | 0.13% |
| Godfrey Phillips India Limited | 0.19% | 0.12% |
| Hexaware Technologies Limited | 0.18% | 0.12% |
| Fertilizers And Chemicals Travancore Limited | 0.12% | 0.07% |
| Godrej Industries Limited | 0.11% | 0.07% |
| Indian Overseas Bank | 0.11% | 0.07% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 63.6% means 63.6% 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 Midcap 150 ETF
| Security | % of fund |
|---|---|
| Embassy Office Parks REIT | 0.93% |
Largest holdings only in Navi Nifty Midsmallcap 400 Index Fund
| Security | % of fund |
|---|---|
| SONA BLW PRECISION FORGINGS LIMITED | 0.59% |
| WELSPUN CORP LTD | 0.56% |
| KARUR VYSYA BANK LIMITED | 0.49% |
| NAVIN FLUORINE INTERNATIONAL LIMITED | 0.48% |
| ATHER ENERGY LIMITED | 0.43% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Nifty Midcap 150 ETF | Navi Nifty Midsmallcap 400 Index |
|---|---|---|
| Equity | 98.8% | 97.8% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.2% | 2.2% |
Market cap of stocks
| Market cap | DSP Nifty Midcap 150 ETF | Navi Nifty Midsmallcap 400 Index |
|---|---|---|
| Large Cap | 5.7% | 3.7% |
| Mid Cap | 90.6% | 59.3% |
| Small Cap | 2.5% | 34.5% |
| Not on AMFI's list | 0.0% | 0.3% |
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 Midcap 150 ETF | Navi Nifty Midsmallcap 400 Index |
|---|---|---|
| Pharmaceuticals & Biotechnology | 9.2% | 0.0% |
| Banks | 8.7% | 0.0% |
| PHARMACEUTICALS & BIOTECHNOLOGY | 0.0% | 8.6% |
| BANKS | 0.0% | 7.4% |
| FINANCE | 0.0% | 7.0% |
| Finance | 6.8% | 0.0% |
| AUTO COMPONENTS | 0.0% | 5.9% |
| Electrical Equipment | 5.9% | 0.0% |
| Retailing | 5.6% | 0.0% |
| CAPITAL MARKETS | 0.0% | 4.9% |
| INDUSTRIAL PRODUCTS | 0.0% | 4.9% |
| Capital Markets | 4.7% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Nifty Midcap 150 ETF vs Navi Nifty Midsmallcap 400 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Nifty Midcap 150 ETF | Navi Nifty Midsmallcap 400 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.52% |
| Base expense ratio (Direct) | 0.17% | 0.15% |
| Total expense ratio (Regular) | Not available | 1.40% |
| 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 Midcap 150 ETF vs Navi Nifty Midsmallcap 400 Index Fund: Frequently Asked Questions
What is the difference between DSP Nifty Midcap 150 ETF and Navi Nifty Midsmallcap 400 Index Fund?
DSP Nifty Midcap 150 ETF is an ETF fund, Navi Nifty Midsmallcap 400 Index Fund is an Index fund, run by DSP Mutual Fund and Navi Mutual Fund. Their portfolios overlap 63.6%. DSP Nifty Midcap 150 ETF charges 0.32% a year and Navi Nifty Midsmallcap 400 Index Fund 0.52%.
Which has the lower expense ratio, DSP Nifty Midcap 150 ETF or Navi Nifty Midsmallcap 400 Index Fund?
DSP Nifty Midcap 150 ETF charges less: 0.32% a year against 0.52%. These are the total expense ratios reported to AMFI.
How much do DSP Nifty Midcap 150 ETF and Navi Nifty Midsmallcap 400 Index Fund overlap?
63.6%. They hold 149 of the same securities, the largest shared ones being MCX, FEDERALBNK, LAURUSLABS. From each fund's latest monthly portfolio.
Which is riskier, DSP Nifty Midcap 150 ETF or Navi Nifty Midsmallcap 400 Index Fund?
On SEBI's riskometer, DSP Nifty Midcap 150 ETF is rated Very High and Navi Nifty Midsmallcap 400 Index Fund Very High. Over their common history, the standard deviation of daily returns was 17.29% and 17.20% a year.
Can I invest in both DSP Nifty Midcap 150 ETF and Navi Nifty Midsmallcap 400 Index Fund?
Yes. 63.6% 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 Midcap 150 ETF and Navi Nifty Midsmallcap 400 Index Fund?
DSP Nifty Midcap 150 ETF: Anil Ghelani, Diipesh Shah, Neha Rathi. Navi Nifty Midsmallcap 400 Index Fund: Ashutosh Shirwaikar.
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.