DSP Nifty Midcap 150 Index Fund vs Zerodha Nifty MidSmallcap400 50:50 Index Fund

Direct Plan, Growth option · Data as on 30-10-2026

DSP Nifty Midcap 150 Index Fund is an Index fund and Zerodha Nifty MidSmallcap400 50:50 Index Fund is an Index fund. DSP Nifty Midcap 150 Index Fund charges 0.42% a year and Zerodha Nifty MidSmallcap400 50:50 Index Fund 0.86% (Direct plans). Their portfolios overlap 49.8%: they hold 150 of the same securities.

DSP Nifty Midcap 150 Index Fund

Index

Expense ratio: 0.42%
NAV: ₹9.61

See DSP Nifty Midcap 150 Index Fund

Zerodha Nifty MidSmallcap400 50:50 Index Fund

Index

Expense ratio: 0.86%
NAV: ₹10.41

See Zerodha Nifty MidSmallcap400 50:50 Index Fund

Which is better, DSP Nifty Midcap 150 Index or Zerodha Nifty MidSmallcap400 50:50 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 Index costs less: 0.42% a year against 0.86% (Direct plans).
Zerodha Nifty MidSmallcap400 50:50 Index fell less in its worst fall since 13-04-2026: −12.0% against −12.6%.
Zerodha Nifty MidSmallcap400 50:50 Index is the larger fund: ₹19 Cr against ₹18 Cr.
Their portfolios overlap 49.8%: 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 Index Fund (Direct)
−0.5%
Zerodha Nifty MidSmallcap400 50:50 Index Fund (Direct)
+3.1%

Change in NAV from 13-04-2026 to 30-10-2026

0%+5%+10%+15%

Key facts

From each fund's scheme summary document and AMFI

Fact	DSP Nifty Midcap 150 Index Fund	Zerodha Nifty MidSmallcap400 50:50 Index Fund
Fund house	DSP Mutual Fund	Zerodha Mutual Fund
Category	Index	Index
AUM	₹18 Cr (30-09-2026)	₹19 Cr (30-09-2026)
NAV	₹9.61 (Direct)	₹10.41 (Direct)
Expense ratio (Direct)	0.42%	0.86%
Expense ratio (Regular)	1.15%	Not available
Riskometer	Very High	Very High
Benchmark	Nifty Midcap 150 TRI	Nifty MidSmallcap400 50:50 TRI
Launch date	11-12-2025	09-04-2026
Minimum investment	₹100	₹100
Lock in	None	None
Fund managers	Anil Ghelani, Diipesh Shah, Neha Rathi	Kedarnath Mirajkar
Exit load	Nil	Nil

DSP Nifty Midcap 150 Index vs Zerodha Nifty MidSmallcap400 50:50 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 Index Fund (Direct)	−3.74%	−8.61%	−4.20%	--	--	--	--
Zerodha Nifty MidSmallcap400 50:50 Index Fund (Direct)	−4.73%	−7.35%	−1.96%	--	--	--	--

DSP Nifty Midcap 150 Index vs Zerodha Nifty MidSmallcap400 50:50 Index: Year-wise Returns

Year	DSP Nifty Midcap 150DSP Nifty Midcap 150 Index	Zerodha Nifty MidSmallcap400 50:50Zerodha Nifty MidSmallcap400 50:50 Index
2026to date	−5.45%	--

DSP Nifty Midcap 150 Index vs Zerodha Nifty MidSmallcap400 50:50 Index: Rolling Returns

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

DSP Nifty Midcap 150 Index vs Zerodha Nifty MidSmallcap400 50:50 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 Index Fund (Direct)	Zerodha Nifty MidSmallcap400 50:50 Index Fund (Direct)
Return (CAGR)	−4.32%	+5.82%
Standard deviation	17.11%	14.76%
Sharpe ratio	-0.56	0.04
Sortino ratio	-0.75	0.05
Maximum drawdown	−14.0% (30-03-2026)	−12.0% (23-10-2026)
Beta	1.00	1.00
Alpha	−0.63%	−0.71%

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.

−15%−10%−5%0%

DSP Nifty Midcap 150 Index Fund (Direct)Zerodha Nifty MidSmallcap400 50:50 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 Index Fund (Direct)	−12.6%	31-08-2026	23-10-2026	Not yet	--	−10.6%
Zerodha Nifty MidSmallcap400 50:50 Index Fund (Direct)	−12.0%	28-08-2026	23-10-2026	Not yet	--	−10.0%
Nifty Midcap 150 TRI	−12.5%	31-08-2026	23-10-2026	Not yet	--	−10.5%

From daily values since 13-04-2026, the first day every fund has.

DSP Nifty Midcap 150 Index vs Zerodha Nifty MidSmallcap400 50:50 Index: Portfolio Overlap

From each fund's latest monthly portfolio: DSP Nifty Midcap 150 Index Fund, September 2026; Zerodha Nifty MidSmallcap400 50:50 Index Fund, September 2026

Holdings in common

Overlap: 49.8%
Held by both: 150
Only in DSP Nifty Midcap 150 Index: 0
Only in Zerodha Nifty MidSmallcap400 50:50 Index: 248

Security	% of DSP Nifty Midcap 150 Index	% of Zerodha Nifty MidSmallcap400 50:50 Index
Multi Commodity Exchange Of India Limited	2.07%	1.04%
Federal Bank Limited	1.93%	0.97%
Laurus Labs Limited	1.89%	0.95%
One 97 Communications Limited	1.78%	0.89%
Hero MotoCorp Limited	1.67%	0.84%
Indian Hotels Co Limited	1.57%	0.78%
Coforge Limited	1.50%	0.75%
Bharat Heavy Electricals Limited	1.49%	0.75%
IndusInd Bank Limited	1.46%	0.73%
AU Small Finance Bank Limited	1.44%	0.72%
Persistent Systems Limited	1.41%	0.70%
Dixon Technologies (India) Limited	1.34%	0.67%
IDFC First Bank Limited	1.33%	0.67%
Bharat Forge Limited	1.31%	0.66%
Ge Vernova T&D India Limited	1.28%	0.65%
Life Insurance Corporation Of India	1.23%	0.62%
Lenskart Solutions Limited	1.23%	0.62%
Lupin Limited	1.21%	0.60%
Suzlon Energy Limited	1.18%	0.59%
Indus Towers Limited	1.18%	0.59%
Info Edge (India) Limited	1.16%	0.59%
Aurobindo Pharma Limited	1.13%	0.56%
Ashok Leyland Limited	1.08%	0.55%
FSN E-Commerce Ventures Limited	1.08%	0.54%
Marico Limited	1.02%	0.52%
Fortis Healthcare Limited	0.99%	0.50%
APL Apollo Tubes Limited	0.98%	0.49%
United Spirits Limited	0.98%	0.49%
ICICI Lombard General Insurance Co Limited	0.95%	0.48%
Embassy Office Parks REIT	0.94%	0.47%
PB Fintech Limited	0.93%	0.47%
Swiggy Limited	0.92%	0.46%
REC Limited	0.92%	0.46%
Yes Bank Limited	0.90%	0.45%
Phoenix Mills Limited	0.89%	0.45%
Max Financial Services Limited	0.89%	0.44%
SRF Limited	0.88%	0.44%
Glenmark Pharmaceuticals Limited	0.86%	0.43%
Radico Khaitan Limited	0.84%	0.42%
Hindustan Petroleum Corporation Limited	0.83%	0.41%
Lodha Developers Limited	0.83%	0.41%
Aditya Birla Capital Limited	0.80%	0.41%
GMR Airports Limited	0.81%	0.40%
Apar Industries Limited	0.79%	0.39%
Alkem Laboratories Limited	0.76%	0.39%
National Aluminium Co Limited	0.75%	0.37%
JSW Energy Limited	0.74%	0.37%
UPL Limited	0.74%	0.37%
Sundaram Finance Limited	0.74%	0.37%
Shree Cement Limited	0.74%	0.36%
Vishal Mega Mart Limited	0.70%	0.35%
Mphasis Limited	0.70%	0.35%
Indian Bank	0.70%	0.35%
Mankind Pharma Limited	0.70%	0.35%
360 One Wam Limited	0.67%	0.34%
NHPC Limited	0.67%	0.34%
KEI Industries Limited	0.67%	0.34%
IPCA Laboratories Limited	0.66%	0.33%
Lloyds Metals And Energy Limited	0.63%	0.33%
Piramal Finance Limited	0.66%	0.32%
Billionbrains Garage Ventures Limited	0.65%	0.32%
NMDC Limited	0.65%	0.32%
Steel Authority of India Limited	0.64%	0.32%
Biocon Limited	0.63%	0.32%
Oracle Financial Services Software Limited	0.62%	0.32%
Havells India Limited	0.63%	0.31%
Tube Investments of India Limited	0.62%	0.31%
Prestige Estates Projects Limited	0.61%	0.30%
Voltas Limited	0.60%	0.30%
Oil India Limited	0.60%	0.30%
Jindal Stainless Limited	0.58%	0.29%
Torrent Power Limited	0.58%	0.29%
Colgate Palmolive (India) Limited	0.57%	0.29%
Waaree Energies Limited	0.56%	0.28%
L&T Finance Limited	0.56%	0.28%
Page Industries Limited	0.56%	0.27%
Dabur India Limited	0.55%	0.27%
Supreme Industries Limited	0.55%	0.27%
Godrej Properties Limited	0.54%	0.27%
MRF Limited	0.64%	0.26%
Mahindra & Mahindra Financial Services Limited	0.53%	0.26%
Kalyan Jewellers India Limited	0.52%	0.26%
Petronet LNG Limited	0.52%	0.26%
Uno Minda Limited	0.52%	0.26%
J.K. Cement Limited	0.52%	0.26%
JSW Infrastructure Limited	0.52%	0.26%
Coromandel International Limited	0.52%	0.25%
Oberoi Realty Limited	0.51%	0.25%
Meesho Limited	0.51%	0.25%
Tata Communications Limited	0.48%	0.24%
Blue Star Limited	0.48%	0.24%
Nippon Life India Asset Management Limited	0.47%	0.23%
Gujarat Fluorochemicals Limited	0.46%	0.23%
Exide Industries Limited	0.46%	0.23%
PI Industries Limited	0.46%	0.23%
Aster DM Quality Care Limited	0.46%	0.23%
ICICI Prudential Asset Management Co Limited	0.45%	0.22%
ITC Hotels Limited	0.45%	0.22%
Hindustan Copper Limited	0.45%	0.22%
Jubilant Foodworks Limited	0.44%	0.22%
ICICI Prudential Life Insurance Co Limited	0.43%	0.22%
LG Electronics India Limited	0.43%	0.21%
SBI Cards and Payment Services Limited	0.42%	0.21%
Balkrishna Industries Limited	0.42%	0.21%
Ajanta Pharma Limited	0.41%	0.21%
Astral Limited	0.41%	0.20%
Adani Total Gas Limited	0.40%	0.20%
Bank Of Maharashtra	0.40%	0.20%
Bank of India	0.39%	0.19%
LIC Housing Finance Limited	0.39%	0.19%
Motilal Oswal Financial Services Limited	0.39%	0.19%
Schaeffler India Limited	0.39%	0.19%
Container Corporation Of India Limited	0.38%	0.19%
AIA Engineering Limited	0.37%	0.18%
Authum Investment & Infrastructure Limited	0.36%	0.18%
Indian Railway Catering And Tourism Corporation Limited	0.34%	0.17%
Abbott India Limited	0.34%	0.17%
Dalmia Bharat Limited	0.33%	0.16%
Linde India Limited	0.33%	0.16%
Thermax Limited	0.32%	0.16%
Berger Paints India Limited	0.32%	0.16%
General Insurance Corporation Of India	0.32%	0.16%
HDB Financial Services Limited	0.32%	0.16%
Premier Energies Limited	0.31%	0.16%
Cochin Shipyard Limited	0.31%	0.16%
Patanjali Foods Limited	0.31%	0.15%
Narayana Hrudayalaya Limited	0.30%	0.15%
Global Health Limited	0.30%	0.15%
K.P.R. Mill Limited	0.30%	0.15%
Glaxosmithkline Pharmaceuticals Limited	0.28%	0.14%
Rail Vikas Nigam Limited	0.28%	0.14%
CRISIL Limited	0.27%	0.13%
Bharti Hexacom Limited	0.26%	0.13%
Bharat Dynamics Limited	0.25%	0.13%
Anthem Biosciences Limited	0.23%	0.12%
NLC India Limited	0.23%	0.12%
Endurance Technologies Limited	0.23%	0.11%
L&T Technology Services Limited	0.22%	0.11%
Escorts Kubota Limited	0.22%	0.11%
Indian Renewable Energy Development Agency Limited	0.22%	0.11%
Bajaj Housing Finance Limited	0.22%	0.11%
NTPC Green Energy Limited	0.21%	0.11%
Housing & Urban Development Corporation Limited	0.21%	0.10%
United Breweries Limited	0.21%	0.10%
Tata Investment Corporation Limited	0.20%	0.10%
Godfrey Phillips India Limited	0.19%	0.10%
Hexaware Technologies Limited	0.18%	0.09%
Fertilizers And Chemicals Travancore Limited	0.12%	0.06%
Godrej Industries Limited	0.11%	0.05%
Indian Overseas Bank	0.11%	0.05%

Overlap: for each holding both funds own, the smaller of its two weights, added up. 49.8% means 49.8% 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 Midcap 150 Index Fund

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

Largest holdings only in Zerodha Nifty MidSmallcap400 50:50 Index Fund

Security	% of fund
Sona BLW Precision Forgings Limited	0.84%
WELSPUN CORP LTD	0.81%
Karur Vysya Bank Limited	0.69%
Navin Fluorine International Limited	0.68%
Ather Energy Limited	0.61%

Asset and sector split

Share of each fund, from its latest monthly portfolio

Asset allocation

Asset	DSP Nifty Midcap 150 Index	Zerodha Nifty MidSmallcap400 50:50 Index
Equity	98.7%	97.7%
Debt	0.0%	0.0%
Cash and others	1.3%	2.3%

Market cap of stocks

Market cap	DSP Nifty Midcap 150 Index	Zerodha Nifty MidSmallcap400 50:50 Index
Large Cap	5.7%	2.9%
Mid Cap	90.5%	46.6%
Small Cap	2.5%	47.9%
Not on AMFI's list	0.0%	0.5%

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	Zerodha Nifty MidSmallcap400 50:50 Index
Pharmaceuticals & Biotechnology	9.1%	8.4%
Banks	8.7%	6.9%
Finance	6.8%	7.3%
Auto Components	4.6%	6.5%
Electrical Equipment	5.9%	4.3%
Industrial Products	3.0%	5.7%
Retailing	5.6%	3.4%
Capital Markets	4.7%	5.0%

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

DSP Nifty Midcap 150 Index vs Zerodha Nifty MidSmallcap400 50:50 Index: Expense Ratio

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

Charge	DSP Nifty Midcap 150 Index Fund	Zerodha Nifty MidSmallcap400 50:50 Index Fund
Total expense ratio (Direct)	0.42%	0.86%
Base expense ratio (Direct)	0.21%	0.25%
Total expense ratio (Regular)	1.15%	Not available
Base expense ratio (Regular)	0.84%	0.00%

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 Zerodha Nifty MidSmallcap400 50:50 Index Fund: Frequently Asked Questions

What is the difference between DSP Nifty Midcap 150 Index Fund and Zerodha Nifty MidSmallcap400 50:50 Index Fund?

DSP Nifty Midcap 150 Index Fund is an Index fund, Zerodha Nifty MidSmallcap400 50:50 Index Fund is an Index fund, run by DSP Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 49.8%. DSP Nifty Midcap 150 Index Fund charges 0.42% a year and Zerodha Nifty MidSmallcap400 50:50 Index Fund 0.86%.

Which has the lower expense ratio, DSP Nifty Midcap 150 Index Fund or Zerodha Nifty MidSmallcap400 50:50 Index Fund?

DSP Nifty Midcap 150 Index Fund charges less: 0.42% a year against 0.86%. These are the Direct plans' total expense ratios reported to AMFI.

How much do DSP Nifty Midcap 150 Index Fund and Zerodha Nifty MidSmallcap400 50:50 Index Fund overlap?

49.8%. 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 Zerodha Nifty MidSmallcap400 50:50 Index Fund?

On SEBI's riskometer, DSP Nifty Midcap 150 Index Fund is rated Very High and Zerodha Nifty MidSmallcap400 50:50 Index Fund Very High. Over their common history, the standard deviation of daily returns was 17.11% and 14.76% a year.

Can I invest in both DSP Nifty Midcap 150 Index Fund and Zerodha Nifty MidSmallcap400 50:50 Index Fund?

Yes. 49.8% 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 Midcap 150 Index Fund and Zerodha Nifty MidSmallcap400 50:50 Index Fund?

DSP Nifty Midcap 150 Index Fund: Anil Ghelani, Diipesh Shah, Neha Rathi. Zerodha Nifty MidSmallcap400 50:50 Index Fund: Kedarnath Mirajkar.

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.