DSP Nifty Midcap 150 Index Fund vs Kotak Nifty Midcap 150 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
DSP Nifty Midcap 150 Index Fund is an Index fund and Kotak Nifty Midcap 150 ETF is an ETF fund. DSP Nifty Midcap 150 Index Fund charges 0.42% a year and Kotak Nifty Midcap 150 ETF 0.18%. Their portfolios overlap 99.7%: they hold 150 of the same securities.
Which is better, DSP Nifty Midcap 150 Index or Kotak Nifty Midcap 150 ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak Nifty Midcap 150 ETF costs less: 0.18% a year against 0.42%.
- Kotak Nifty Midcap 150 ETF fell less in its worst fall since 11-12-2025: −13.9% against −14.0%.
- DSP Nifty Midcap 150 Index is the larger fund: ₹18 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.
Key facts
From each fund's scheme summary document and AMFI
| Fact | DSP Nifty Midcap 150 Index Fund | Kotak Nifty Midcap 150 ETF |
|---|---|---|
| Fund house | DSP Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Index | ETF |
| AUM | ₹18 Cr (30-09-2026) | ₹14 Cr (30-09-2026) |
| NAV | ₹9.61 (Direct) | ₹21.42 |
| Expense ratio (Direct) | 0.42% | Not available |
| Expense ratio (Regular) | 1.15% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Midcap 150 TRI | Nifty Midcap 150 TRI |
| Launch date | 11-12-2025 | 21-03-2025 |
| Minimum investment | ₹100 | Ongoing purchases directly from the Mutual Fund would be restricted to Market Makers and Large Investors (subject to transactions greater than INR 25 crores or such other amount as may be specified by SEBI from time to time) provided the value of units to |
| Lock in | None | None |
| Fund managers | Anil Ghelani, Diipesh Shah, Neha Rathi | Satish Dondapati, Abhishek Bisen, amp, Jeetu Valechha Sonar |
| Exit load | Nil | NIL |
DSP Nifty Midcap 150 Index vs Kotak Nifty Midcap 150 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 Midcap 150 Index Fund (Direct) | −3.74% | −8.61% | −4.20% | -- | -- | -- | -- |
| Kotak Nifty Midcap 150 ETF | −3.68% | −8.48% | −4.00% | −4.46% | -- | -- | -- |
DSP Nifty Midcap 150 Index vs Kotak Nifty Midcap 150 ETF: Year-wise Returns
| Year | DSP Nifty Midcap 150 IndexDSP Nifty Midcap 150 Index | Kotak Nifty Midcap 150 ETFKotak Nifty Midcap 150 ETF | Nifty Midcap 150 TRI |
|---|---|---|---|
| 2026to date | −5.45% | −5.06% | −4.97% |
DSP Nifty Midcap 150 Index vs Kotak Nifty Midcap 150 ETF: Rolling Returns
Every holding period of both funds, against Nifty Midcap 150 TRI, the benchmark of both
DSP Nifty Midcap 150 Index vs Kotak Nifty Midcap 150 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP Nifty Midcap 150 Index Fund (Direct) | Kotak Nifty Midcap 150 ETF |
|---|---|---|
| Return (CAGR) | −4.32% | +7.34% |
| Standard deviation | 17.11% | 16.28% |
| Sharpe ratio | -0.56 | 0.12 |
| Sortino ratio | -0.75 | 0.16 |
| Maximum drawdown | −14.0% (30-03-2026) | −13.9% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.63% | +0.42% |
From daily NAVs, 11-12-2025 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 Index Fund (Direct)
Kotak Nifty Midcap 150 ETF
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 Index Fund (Direct) | −14.0% | 07-01-2026 | 30-03-2026 | 07-05-2026 | 38 days | −10.6% |
| Kotak Nifty Midcap 150 ETF | −13.9% | 07-01-2026 | 30-03-2026 | 07-05-2026 | 38 days | −10.5% |
| Nifty Midcap 150 TRI | −13.9% | 07-01-2026 | 30-03-2026 | 07-05-2026 | 38 days | −10.5% |
From daily values since 11-12-2025, the first day every fund has.
DSP Nifty Midcap 150 Index vs Kotak Nifty Midcap 150 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Nifty Midcap 150 Index Fund, September 2026; Kotak Nifty Midcap 150 ETF, September 2026
Holdings in common
- Overlap
- 99.7%
- Held by both
- 150
- Only in DSP Nifty Midcap 150 Index
- 0
- Only in Kotak Nifty Midcap 150 ETF
- 0
| Security | % of DSP Nifty Midcap 150 Index | % of Kotak Nifty Midcap 150 ETF |
|---|---|---|
| Multi Commodity Exchange Of India Limited | 2.07% | 2.07% |
| Federal Bank Limited | 1.93% | 1.93% |
| Laurus Labs Limited | 1.89% | 1.90% |
| One 97 Communications Limited | 1.78% | 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 | 1.44% | 1.45% |
| Persistent Systems Limited | 1.41% | 1.41% |
| Dixon Technologies (India) Limited | 1.34% | 1.34% |
| 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% |
| Life Insurance Corporation Of India | 1.23% | 1.23% |
| Lenskart Solutions Limited | 1.23% | 1.24% |
| Lupin Limited | 1.21% | 1.22% |
| Suzlon Energy Limited | 1.18% | 1.18% |
| Indus Towers Limited | 1.18% | 1.18% |
| Info Edge (India) Limited | 1.16% | 1.16% |
| Aurobindo Pharma Limited | 1.13% | 1.14% |
| Ashok Leyland Limited | 1.08% | 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% | 0.98% |
| ICICI Lombard General Insurance Co Limited | 0.95% | 0.95% |
| Embassy Office Parks REIT | 0.94% | 0.94% |
| PB Fintech Limited | 0.93% | 0.93% |
| Swiggy Limited | 0.92% | 0.93% |
| REC Limited | 0.92% | 0.92% |
| Yes Bank Limited | 0.90% | 0.91% |
| Max Financial Services Limited | 0.89% | 0.90% |
| Phoenix Mills Limited | 0.89% | 0.89% |
| SRF Limited | 0.88% | 0.88% |
| 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 | 0.76% | 0.77% |
| National Aluminium Co Limited | 0.75% | 0.75% |
| Shree Cement Limited | 0.74% | 0.74% |
| JSW Energy Limited | 0.74% | 0.75% |
| UPL Limited | 0.74% | 0.75% |
| Sundaram Finance Limited | 0.74% | 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% |
| 360 One Wam Limited | 0.67% | 0.67% |
| NHPC Limited | 0.67% | 0.68% |
| KEI Industries Limited | 0.67% | 0.68% |
| Piramal Finance Limited | 0.66% | 0.66% |
| IPCA Laboratories Limited | 0.66% | 0.66% |
| Billionbrains Garage Ventures Limited | 0.65% | 0.65% |
| NMDC Limited | 0.65% | 0.65% |
| Steel Authority of India Limited | 0.64% | 0.65% |
| Havells India Limited | 0.63% | 0.63% |
| Lloyds Metals And Energy Limited | 0.63% | 0.63% |
| Biocon Limited | 0.63% | 0.64% |
| MRF Limited | 0.64% | 0.62% |
| Oracle Financial Services Software Limited | 0.62% | 0.62% |
| Tube Investments of India Limited | 0.62% | 0.62% |
| 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% |
| Waaree Energies Limited | 0.56% | 0.56% |
| L&T Finance Limited | 0.56% | 0.56% |
| Page Industries 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% |
| Coromandel International Limited | 0.52% | 0.52% |
| Kalyan Jewellers India Limited | 0.52% | 0.52% |
| Petronet LNG Limited | 0.52% | 0.52% |
| Uno Minda Limited | 0.52% | 0.52% |
| J.K. Cement Limited | 0.52% | 0.52% |
| JSW Infrastructure Limited | 0.52% | 0.52% |
| Oberoi Realty Limited | 0.51% | 0.51% |
| Meesho Limited | 0.51% | 0.51% |
| Tata Communications Limited | 0.48% | 0.48% |
| Blue Star Limited | 0.48% | 0.48% |
| Nippon Life India Asset Management Limited | 0.47% | 0.48% |
| Gujarat Fluorochemicals Limited | 0.46% | 0.46% |
| Exide Industries Limited | 0.46% | 0.46% |
| PI Industries Limited | 0.46% | 0.46% |
| Aster DM Quality Care Limited | 0.46% | 0.46% |
| 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 | 0.40% | 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% |
| Indian Railway Catering And Tourism Corporation Limited | 0.34% | 0.34% |
| Abbott India 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% | 0.32% |
| 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% | 0.30% |
| 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% | 0.23% |
| 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 Index Fund
Every holding of this fund is also held by the other.
Largest holdings only in Kotak Nifty Midcap 150 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 Midcap 150 Index | Kotak Nifty Midcap 150 ETF |
|---|---|---|
| Equity | 98.7% | 99.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.3% | 1.0% |
Market cap of stocks
| Market cap | DSP Nifty Midcap 150 Index | Kotak Nifty Midcap 150 ETF |
|---|---|---|
| Large Cap | 5.7% | 5.7% |
| Mid Cap | 90.5% | 90.7% |
| 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 Index | Kotak Nifty Midcap 150 ETF |
|---|---|---|
| Pharmaceuticals and Biotechnology | 0.0% | 9.2% |
| Pharmaceuticals & Biotechnology | 9.1% | 0.0% |
| Banks | 8.7% | 8.7% |
| Finance | 6.8% | 6.8% |
| Electrical Equipment | 5.9% | 5.9% |
| 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 Index vs Kotak Nifty Midcap 150 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Nifty Midcap 150 Index Fund | Kotak Nifty Midcap 150 ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.42% | Not available |
| Base expense ratio (Direct) | 0.21% | 0.00% |
| Total expense ratio (Regular) | 1.15% | Not available |
| Base expense ratio (Regular) | 0.84% | 0.08% |
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 Index Fund vs Kotak Nifty Midcap 150 ETF: Frequently Asked Questions
What is the difference between DSP Nifty Midcap 150 Index Fund and Kotak Nifty Midcap 150 ETF?
DSP Nifty Midcap 150 Index Fund is an Index fund, Kotak Nifty Midcap 150 ETF is an ETF fund, run by DSP Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 99.7%. DSP Nifty Midcap 150 Index Fund charges 0.42% a year and Kotak Nifty Midcap 150 ETF 0.18%.
Which has the lower expense ratio, DSP Nifty Midcap 150 Index Fund or Kotak Nifty Midcap 150 ETF?
Kotak Nifty Midcap 150 ETF charges less: 0.18% a year against 0.42%. These are the total expense ratios reported to AMFI.
How much do DSP Nifty Midcap 150 Index Fund and Kotak Nifty Midcap 150 ETF 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 Index Fund or Kotak Nifty Midcap 150 ETF?
On SEBI's riskometer, DSP Nifty Midcap 150 Index Fund is rated Very High and Kotak Nifty Midcap 150 ETF Very High. Over their common history, the standard deviation of daily returns was 17.11% and 16.28% a year.
Can I invest in both DSP Nifty Midcap 150 Index Fund and Kotak Nifty Midcap 150 ETF?
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 Index Fund and Kotak Nifty Midcap 150 ETF?
DSP Nifty Midcap 150 Index Fund: Anil Ghelani, Diipesh Shah, Neha Rathi. Kotak Nifty Midcap 150 ETF: Satish Dondapati, Abhishek Bisen, amp, Jeetu Valechha Sonar.
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.