DSP Nifty Midcap 150 ETF vs UTI Nifty Midcap 150 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 UTI Nifty Midcap 150 Index Fund is an Index fund. DSP Nifty Midcap 150 ETF charges 0.32% a year and UTI Nifty Midcap 150 Index Fund 0.72%. Their portfolios overlap 99.7%: they hold 150 of the same securities.

DSP Nifty Midcap 150 ETF

ETF

Expense ratio: 0.32%
NAV: ₹21.09

See DSP Nifty Midcap 150 ETF

UTI Nifty Midcap 150 Index Fund

Index

Expense ratio: 0.72%
NAV: ₹10.10

See UTI Nifty Midcap 150 Index Fund

Which is better, DSP Nifty Midcap 150 ETF or UTI Nifty Midcap 150 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 0.72%.
DSP Nifty Midcap 150 ETF fell less in its worst fall since 12-12-2025: −14.0% against −14.0%.
UTI Nifty Midcap 150 Index is the larger fund: ₹76 Cr against ₹14 Cr.
Their portfolios overlap 99.7%: 150 of the same holdings.

Past returns do not promise future returns. This page is information, not investment advice.

NAV comparison

How each fund's NAV moved over the same days, as % change since the first day of the range

DSP Nifty Midcap 150 ETF
−4.7%
UTI Nifty Midcap 150 Index Fund (Direct)
−4.8%

Change in NAV from 12-12-2025 to 30-10-2026

−10%−5%0%+5%+10%

Key facts

From each fund's scheme summary document and AMFI

Fact	DSP Nifty Midcap 150 ETF	UTI Nifty Midcap 150 Index Fund
Fund house	DSP Mutual Fund	UTI Mutual Fund
Category	ETF	Index
AUM	₹14 Cr (30-09-2026)	₹76 Cr (30-09-2026)
NAV	₹21.09	₹10.10 (Direct)
Expense ratio (Direct)	Not available	0.72%
Expense ratio (Regular)	Not available	1.15%
Riskometer	Very High	Very High
Benchmark	Nifty Midcap 150 TRI	Nifty Midcap 150 TRI
Launch date	12-12-2025	28-11-2024
Minimum investment	₹5,000	₹1,000
Lock in	None	None
Fund managers	Anil Ghelani, Diipesh Shah, Neha Rathi	Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3
Exit load	Nil	Nil

DSP Nifty Midcap 150 ETF vs UTI Nifty Midcap 150 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%	--	--	--	--
UTI Nifty Midcap 150 Index Fund (Direct)	−3.72%	−8.56%	−4.16%	−4.82%	--	--	--

DSP Nifty Midcap 150 ETF vs UTI Nifty Midcap 150 Index: Year-wise Returns

Year	DSP Nifty Midcap 150 ETFDSP Nifty Midcap 150 ETF	UTI Nifty Midcap 150 IndexUTI Nifty Midcap 150 Index	Nifty Midcap 150 TRI
2026to date	−5.28%	−5.33%	−4.97%
2025	--	+5.39%	+5.98%

DSP Nifty Midcap 150 ETF vs UTI Nifty Midcap 150 Index: Rolling Returns

Every holding period of both funds, against Nifty Midcap 150 TRI, the benchmark of both

DSP Nifty Midcap 150 ETF vs UTI Nifty Midcap 150 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	UTI Nifty Midcap 150 Index Fund (Direct)
Return (CAGR)	−5.34%	−0.52%
Standard deviation	17.29%	17.06%
Sharpe ratio	-0.61	-0.36
Sortino ratio	-0.82	-0.48
Maximum drawdown	−14.0% (31-03-2026)	−18.9% (28-02-2025)
Beta	1.00	1.00
Alpha	−0.33%	−0.53%

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.

−15%−10%−5%0%

2026

DSP Nifty Midcap 150 ETFUTI Nifty Midcap 150 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%
UTI Nifty Midcap 150 Index Fund (Direct)	−14.0%	07-01-2026	31-03-2026	07-05-2026	37 days	−10.6%
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 UTI Nifty Midcap 150 Index: Portfolio Overlap

From each fund's latest monthly portfolio: DSP Nifty Midcap 150 ETF, September 2026; UTI Nifty Midcap 150 Index Fund, September 2026

Holdings in common

Overlap: 99.7%
Held by both: 150
Only in DSP Nifty Midcap 150 ETF: 0
Only in UTI Nifty Midcap 150 Index: 0

Security	% of DSP Nifty Midcap 150 ETF	% of UTI Nifty Midcap 150 Index
Multi Commodity Exchange Of India Limited	2.06%	2.08%
Federal Bank Limited	1.93%	1.93%
Laurus Labs Limited	1.90%	1.90%
One 97 Communications Limited	1.77%	1.78%
Hero MotoCorp Limited	1.67%	1.68%
Indian Hotels Co Limited	1.57%	1.58%
Coforge Limited	1.50%	1.50%
Bharat Heavy Electricals Limited	1.49%	1.49%
IndusInd Bank Limited	1.46%	1.46%
AU Small Finance Bank Limited	1.45%	1.45%
Persistent Systems Limited	1.41%	1.42%
Dixon Technologies (India) Limited	1.35%	1.35%
IDFC First Bank Limited	1.33%	1.33%
Bharat Forge Limited	1.31%	1.32%
Ge Vernova T&D India Limited	1.28%	1.28%
Lenskart Solutions Limited	1.24%	1.24%
Life Insurance Corporation Of India	1.23%	1.24%
Lupin Limited	1.21%	1.22%
Suzlon Energy Limited	1.18%	1.19%
Indus Towers Limited	1.18%	1.18%
Info Edge (India) Limited	1.16%	1.17%
Aurobindo Pharma Limited	1.14%	1.14%
Ashok Leyland Limited	1.09%	1.09%
FSN E-Commerce Ventures Limited	1.08%	1.08%
Marico Limited	1.02%	1.03%
Fortis Healthcare Limited	0.99%	0.99%
APL Apollo Tubes Limited	0.98%	0.98%
United Spirits Limited	0.98%	0.99%
ICICI Lombard General Insurance Co Limited	0.95%	0.96%
Embassy Office Parks REIT	0.93%	0.94%
PB Fintech Limited	0.93%	0.93%
Swiggy Limited	0.92%	0.93%
REC Limited	0.91%	0.92%
Yes Bank Limited	0.91%	0.91%
Max Financial Services Limited	0.89%	0.90%
Phoenix Mills Limited	0.89%	0.89%
SRF Limited	0.88%	0.89%
Glenmark Pharmaceuticals Limited	0.86%	0.87%
Radico Khaitan Limited	0.84%	0.84%
Hindustan Petroleum Corporation Limited	0.83%	0.83%
Lodha Developers Limited	0.83%	0.83%
GMR Airports Limited	0.81%	0.81%
Aditya Birla Capital Limited	0.80%	0.80%
Apar Industries Limited	0.79%	0.80%
Alkem Laboratories Limited	0.77%	0.77%
JSW Energy Limited	0.75%	0.75%
National Aluminium Co Limited	0.75%	0.75%
UPL Limited	0.74%	0.75%
Sundaram Finance Limited	0.74%	0.74%
Shree Cement Limited	0.73%	0.74%
Vishal Mega Mart Limited	0.70%	0.70%
Mphasis Limited	0.70%	0.70%
Indian Bank	0.70%	0.70%
Mankind Pharma Limited	0.70%	0.70%
NHPC Limited	0.68%	0.68%
360 One Wam Limited	0.67%	0.67%
KEI Industries Limited	0.67%	0.68%
IPCA Laboratories Limited	0.66%	0.65%
Billionbrains Garage Ventures Limited	0.65%	0.65%
Steel Authority of India Limited	0.65%	0.65%
Piramal Finance Limited	0.65%	0.66%
NMDC Limited	0.65%	0.65%
Biocon Limited	0.64%	0.64%
Havells India Limited	0.63%	0.63%
Lloyds Metals And Energy Limited	0.63%	0.64%
MRF Limited	0.63%	0.63%
Oracle Financial Services Software Limited	0.62%	0.63%
Tube Investments of India Limited	0.62%	0.63%
Prestige Estates Projects Limited	0.61%	0.62%
Voltas Limited	0.60%	0.60%
Oil India Limited	0.60%	0.60%
Jindal Stainless Limited	0.58%	0.58%
Torrent Power Limited	0.58%	0.58%
Colgate Palmolive (India) Limited	0.57%	0.57%
Page Industries Limited	0.57%	0.57%
Waaree Energies Limited	0.56%	0.56%
L&T Finance Limited	0.56%	0.56%
Dabur India Limited	0.55%	0.55%
Supreme Industries Limited	0.55%	0.55%
Godrej Properties Limited	0.54%	0.54%
Mahindra & Mahindra Financial Services Limited	0.53%	0.53%
Kalyan Jewellers India Limited	0.52%	0.52%
Petronet LNG Limited	0.52%	0.53%
Uno Minda Limited	0.52%	0.53%
J.K. Cement Limited	0.52%	0.52%
JSW Infrastructure Limited	0.52%	0.52%
Coromandel International Limited	0.52%	0.51%
Oberoi Realty Limited	0.51%	0.51%
Meesho Limited	0.51%	0.52%
Blue Star Limited	0.49%	0.49%
Tata Communications Limited	0.48%	0.48%
Nippon Life India Asset Management Limited	0.47%	0.48%
Exide Industries Limited	0.46%	0.46%
PI Industries Limited	0.46%	0.46%
Aster DM Quality Care Limited	0.46%	0.46%
Gujarat Fluorochemicals Limited	0.46%	0.45%
ICICI Prudential Asset Management Co Limited	0.45%	0.45%
ITC Hotels Limited	0.45%	0.45%
Hindustan Copper Limited	0.45%	0.45%
Jubilant Foodworks Limited	0.44%	0.44%
LG Electronics India Limited	0.43%	0.43%
ICICI Prudential Life Insurance Co Limited	0.43%	0.43%
SBI Cards and Payment Services Limited	0.42%	0.42%
Balkrishna Industries Limited	0.42%	0.42%
Astral Limited	0.41%	0.41%
Ajanta Pharma Limited	0.41%	0.41%
Adani Total Gas Limited	0.41%	0.41%
Bank Of Maharashtra	0.40%	0.40%
Bank of India	0.39%	0.39%
LIC Housing Finance Limited	0.39%	0.39%
Motilal Oswal Financial Services Limited	0.39%	0.39%
Schaeffler India Limited	0.39%	0.39%
Container Corporation Of India Limited	0.38%	0.38%
AIA Engineering Limited	0.37%	0.37%
Authum Investment & Infrastructure Limited	0.36%	0.36%
Abbott India Limited	0.35%	0.35%
Indian Railway Catering And Tourism Corporation Limited	0.34%	0.34%
Dalmia Bharat Limited	0.33%	0.33%
Linde India Limited	0.33%	0.33%
Thermax Limited	0.32%	0.32%
Berger Paints India Limited	0.32%	0.32%
General Insurance Corporation Of India	0.32%	0.32%
HDB Financial Services Limited	0.32%	0.33%
Premier Energies Limited	0.31%	0.31%
Patanjali Foods Limited	0.31%	0.31%
Cochin Shipyard Limited	0.31%	0.31%
Narayana Hrudayalaya Limited	0.30%	0.31%
Global Health Limited	0.30%	0.30%
K.P.R. Mill Limited	0.30%	0.30%
Glaxosmithkline Pharmaceuticals Limited	0.28%	0.28%
Rail Vikas Nigam Limited	0.28%	0.28%
CRISIL Limited	0.27%	0.27%
Bharti Hexacom Limited	0.26%	0.26%
Bharat Dynamics Limited	0.25%	0.25%
Anthem Biosciences Limited	0.23%	0.23%
NLC India Limited	0.23%	0.24%
Endurance Technologies Limited	0.23%	0.23%
L&T Technology Services Limited	0.22%	0.22%
Escorts Kubota Limited	0.22%	0.22%
Indian Renewable Energy Development Agency Limited	0.22%	0.22%
Bajaj Housing Finance Limited	0.22%	0.22%
Housing & Urban Development Corporation Limited	0.21%	0.21%
NTPC Green Energy Limited	0.21%	0.21%
United Breweries Limited	0.21%	0.21%
Tata Investment Corporation Limited	0.20%	0.20%
Godfrey Phillips India Limited	0.19%	0.19%
Hexaware Technologies Limited	0.18%	0.18%
Fertilizers And Chemicals Travancore Limited	0.12%	0.12%
Godrej Industries Limited	0.11%	0.11%
Indian Overseas Bank	0.11%	0.11%

Overlap: for each holding both funds own, the smaller of its two weights, added up. 99.7% means 99.7% 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

Every holding of this fund is also held by the other.

Largest holdings only in UTI Nifty Midcap 150 Index Fund

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 Midcap 150 ETF	UTI Nifty Midcap 150 Index
Equity	98.8%	99.2%
Debt	0.0%	0.0%
Cash and others	1.2%	0.8%

Market cap of stocks

Market cap	DSP Nifty Midcap 150 ETF	UTI Nifty Midcap 150 Index
Large Cap	5.7%	5.7%
Mid Cap	90.6%	90.9%
Small Cap	2.5%	2.5%

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	UTI Nifty Midcap 150 Index
Pharmaceuticals & Biotechnology	9.2%	9.2%
Banks	8.7%	8.7%
Finance	6.8%	6.8%
Electrical Equipment	5.9%	6.0%
Retailing	5.6%	5.6%
Capital Markets	4.7%	4.7%

The six largest sectors of each fund's stocks, % of the fund.

DSP Nifty Midcap 150 ETF vs UTI Nifty Midcap 150 Index: Expense Ratio

What each plan charges a year, from AMFI's expense ratio file

Charge	DSP Nifty Midcap 150 ETF	UTI Nifty Midcap 150 Index Fund
Total expense ratio (Direct)	Not available	0.72%
Base expense ratio (Direct)	0.17%	0.50%
Total expense ratio (Regular)	Not available	1.15%
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 UTI Nifty Midcap 150 Index Fund: Frequently Asked Questions

What is the difference between DSP Nifty Midcap 150 ETF and UTI Nifty Midcap 150 Index Fund?

DSP Nifty Midcap 150 ETF is an ETF fund, UTI Nifty Midcap 150 Index Fund is an Index fund, run by DSP Mutual Fund and UTI Mutual Fund. Their portfolios overlap 99.7%. DSP Nifty Midcap 150 ETF charges 0.32% a year and UTI Nifty Midcap 150 Index Fund 0.72%.

Which has the lower expense ratio, DSP Nifty Midcap 150 ETF or UTI Nifty Midcap 150 Index Fund?

DSP Nifty Midcap 150 ETF charges less: 0.32% a year against 0.72%. These are the total expense ratios reported to AMFI.

How much do DSP Nifty Midcap 150 ETF and UTI Nifty Midcap 150 Index Fund overlap?

99.7%. They hold 150 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 UTI Nifty Midcap 150 Index Fund?

On SEBI's riskometer, DSP Nifty Midcap 150 ETF is rated Very High and UTI Nifty Midcap 150 Index Fund Very High. Over their common history, the standard deviation of daily returns was 17.29% and 17.06% a year.

Can I invest in both DSP Nifty Midcap 150 ETF and UTI Nifty Midcap 150 Index Fund?

Yes. 99.7% 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 UTI Nifty Midcap 150 Index Fund?

DSP Nifty Midcap 150 ETF: Anil Ghelani, Diipesh Shah, Neha Rathi. UTI Nifty Midcap 150 Index Fund: Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3.

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.