DSP Nifty Midcap 150 Quality 50 ETF vs DSP Nifty Midcap 150 Quality 50 Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
DSP Nifty Midcap 150 Quality 50 ETF is an ETF fund and DSP Nifty Midcap 150 Quality 50 Index Fund is an Index fund. In the 3 years to 30-10-2026, DSP Nifty Midcap 150 Quality 50 ETF returned 7.3% a year and DSP Nifty Midcap 150 Quality 50 Index Fund (Direct) returned 7.3% a year. DSP Nifty Midcap 150 Quality 50 ETF charges 0.41% a year and DSP Nifty Midcap 150 Quality 50 Index Fund 0.45%. Their portfolios overlap 99.8%: they hold 50 of the same securities.
DSP Nifty Midcap 150 Quality 50 ETF
ETF
- 3 year return
- 7.3%
- Expense ratio
- 0.41%
- NAV
- ₹22.98
DSP Nifty Midcap 150 Quality 50 Index Fund
Index
- 3 year return
- 7.3%
- Expense ratio
- 0.45%
- NAV
- ₹13.66
Which is better, DSP Nifty Midcap 150 Quality 50 ETF or DSP Nifty Midcap 150 Quality 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 Quality 50 ETF returned more over 3 years: 7.3% a year against 7.3%.
- DSP Nifty Midcap 150 Quality 50 Index returned more over 1 year: −8.3% against −8.3%.
- DSP Nifty Midcap 150 Quality 50 ETF costs less: 0.41% a year against 0.45%.
- DSP Nifty Midcap 150 Quality 50 Index swung less over 3 years: a standard deviation of 15.4% a year against 15.5%.
- DSP Nifty Midcap 150 Quality 50 Index fell less in its worst fall since 04-08-2022: −21.4% against −21.4%.
- DSP Nifty Midcap 150 Quality 50 Index is the larger fund: ₹398 Cr against ₹93 Cr.
- Their portfolios overlap 99.8%: 50 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 Quality 50 ETF | DSP Nifty Midcap 150 Quality 50 Index Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | DSP Mutual Fund |
| Category | ETF | Index |
| AUM | ₹93 Cr (30-09-2026) | ₹398 Cr (30-09-2026) |
| NAV | ₹22.98 | ₹13.66 (Direct) |
| Expense ratio (Direct) | Not available | 0.45% |
| Expense ratio (Regular) | Not available | 1.08% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Midcap 150 Quality 50 TRI | Nifty Midcap 150 Quality 50 TRI |
| Launch date | 23-12-2021 | 04-08-2022 |
| Minimum investment | ₹5,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Anil Ghelani, Diipesh Shah, Neha Rathi | Anil Ghelani, Diipesh Shah, Neha Rathi |
| Exit load | Nil | Nil |
DSP Nifty Midcap 150 Quality 50 ETF vs DSP Nifty Midcap 150 Quality 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 Quality 50 ETF | −2.26% | −8.64% | −4.01% | −8.25% | +7.32% | -- | -- |
| DSP Nifty Midcap 150 Quality 50 Index Fund (Direct) | −2.26% | −8.62% | −3.98% | −8.25% | +7.31% | -- | -- |
DSP Nifty Midcap 150 Quality 50 ETF vs DSP Nifty Midcap 150 Quality 50 Index: Year-wise Returns
| Year | ETFDSP Nifty Midcap 150 Quality 50 ETF | IndexDSP Nifty Midcap 150 Quality 50 Index | NIFTY Midcap150 Quality 50 TRI |
|---|---|---|---|
| 2026to date | −6.92% | −6.91% | −6.72% |
| 2025 | −0.84% | −0.81% | −0.56% |
| 2024 | +19.87% | +19.84% | +20.20% |
| 2023 | +28.40% | +28.52% | +28.72% |
| 2022 | −9.16% | -- | −8.99% |
DSP Nifty Midcap 150 Quality 50 ETF vs DSP Nifty Midcap 150 Quality 50 Index: Rolling Returns
Every holding period of both funds, against NIFTY Midcap150 Quality 50 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 305 of them, one for each trading day from 04-08-2025 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 Midcap 150 Quality 50 ETF
DSP Nifty Midcap 150 Quality 50 Index Fund (Direct)
NIFTY Midcap150 Quality 50 TRI
to
Sept 2025Nov 2022
to
Nov 2025Feb 2023
to
Feb 2026Apr 2023
to
Apr 2026Jul 2023
to
Jul 2026Sept 2023
to
Sept 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 Midcap 150 Quality 50 ETF | 0.0 | 0.0 | 12.8 | 78.4 | 8.9 | 0.0 | 0.0 | 12.7% | 13.2% | 6.4% | 16.3% | 0% |
| DSP Nifty Midcap 150 Quality 50 Index | 0.0 | 0.0 | 12.8 | 77.3 | 9.9 | 0.0 | 0.0 | 12.7% | 13.3% | 6.4% | 16.3% | 0% |
| NIFTY Midcap150 Quality 50 TRI | 0.0 | 0.0 | 12.5 | 71.5 | 16.1 | 0.0 | 0.0 | 13.0% | 13.5% | 6.7% | 16.6% | -- |
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 Midcap150 Quality 50 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 04-08-2022. Past returns do not promise future returns.
DSP Nifty Midcap 150 Quality 50 ETF vs DSP Nifty Midcap 150 Quality 50 Index: 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 01-08-2022 to 30-10-2026: 51 instalments, ₹5,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| DSP Nifty Midcap 150 Quality 50 ETFDSP Nifty Midcap 150 Quality 50 ETF | ₹5,10,000 | ₹5,55,702 | ₹45,702 | 4.0% |
| DSP Nifty Midcap 150 Quality 50 IndexDSP Nifty Midcap 150 Quality 50 Index Fund (Direct) | ₹5,10,000 | ₹5,55,697 | ₹45,697 | 4.0% |
DSP Nifty Midcap 150 Quality 50 ETFDSP Nifty Midcap 150 Quality 50 ETF
DSP Nifty Midcap 150 Quality 50 IndexDSP Nifty Midcap 150 Quality 50 Index Fund (Direct)
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 Midcap 150 Quality 50 ETF vs DSP Nifty Midcap 150 Quality 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 Quality 50 ETF | DSP Nifty Midcap 150 Quality 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.25% | −8.25% |
| Standard deviation | 15.91% | 15.84% |
| Sharpe ratio | -0.85 | -0.85 |
| Sortino ratio | -1.14 | -1.14 |
| Maximum drawdown | −15.4% (31-03-2026) | −15.4% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.29% | −0.30% |
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 Midcap 150 Quality 50 ETF | DSP Nifty Midcap 150 Quality 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.32% | +7.31% |
| Standard deviation | 15.46% | 15.45% |
| Sharpe ratio | 0.08 | 0.08 |
| Sortino ratio | 0.11 | 0.11 |
| Maximum drawdown | −21.4% (28-02-2025) | −21.4% (28-02-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.30% | −0.31% |
From daily NAVs, 30-10-2023 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 Midcap 150 Quality 50 ETF | DSP Nifty Midcap 150 Quality 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.96% | +7.57% |
| Standard deviation | 14.79% | 14.16% |
| Sharpe ratio | 0.01 | 0.10 |
| Sortino ratio | 0.01 | 0.14 |
| Maximum drawdown | −21.4% (28-02-2025) | −21.4% (28-02-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.26% | −0.24% |
From daily NAVs, 23-12-2021 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 Quality 50 ETF
DSP Nifty Midcap 150 Quality 50 Index Fund (Direct)
NIFTY Midcap150 Quality 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP Nifty Midcap 150 Quality 50 ETF | −21.4% | 01-10-2024 | 28-02-2025 | Not yet | -- | −13.6% |
| DSP Nifty Midcap 150 Quality 50 Index Fund (Direct) | −21.4% | 01-10-2024 | 28-02-2025 | Not yet | -- | −13.6% |
| NIFTY Midcap150 Quality 50 TRI | −21.3% | 01-10-2024 | 28-02-2025 | Not yet | -- | −13.1% |
From daily values since 04-08-2022, 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 Midcap 150 Quality 50 ETF
DSP Nifty Midcap 150 Quality 50 Index Fund (Direct)
NIFTY Midcap150 Quality 50 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
DSP Nifty Midcap 150 Quality 50 ETF
DSP Nifty Midcap 150 Quality 50 Index Fund (Direct)
NIFTY Midcap150 Quality 50 TRI
Against NIFTY Midcap150 Quality 50 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| DSP Nifty Midcap 150 Quality 50 ETF | 99% | 101% | 0.08% |
| DSP Nifty Midcap 150 Quality 50 Index Fund (Direct) | 99% | 101% | 0.11% |
From month-end values since 04-08-2022. 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 Midcap 150 Quality 50 ETF vs DSP Nifty Midcap 150 Quality 50 Index: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Nifty Midcap 150 Quality 50 ETF, September 2026; DSP Nifty Midcap 150 Quality 50 Index Fund, September 2026
Holdings in common
- Overlap
- 99.8%
- Held by both
- 50
- Only in DSP Nifty Midcap 150 Quality 50 ETF
- 0
- Only in DSP Nifty Midcap 150 Quality 50 Index
- 0
| Security | % of DSP Nifty Midcap 150 Quality 50 ETF | % of DSP Nifty Midcap 150 Quality 50 Index |
|---|---|---|
| Dixon Technologies (India) Limited | 4.56% | 4.56% |
| Colgate Palmolive (India) Limited | 4.30% | 4.29% |
| BSE Limited | 4.24% | 4.23% |
| Hero MotoCorp Limited | 3.90% | 3.90% |
| Marico Limited | 3.61% | 3.60% |
| Persistent Systems Limited | 3.45% | 3.44% |
| Page Industries Limited | 2.91% | 2.90% |
| Polycab India Limited | 2.61% | 2.61% |
| Glaxosmithkline Pharmaceuticals Limited | 2.55% | 2.55% |
| Oracle Financial Services Software Limited | 2.49% | 2.49% |
| Coforge Limited | 2.43% | 2.43% |
| APL Apollo Tubes Limited | 2.33% | 2.33% |
| Nippon Life India Asset Management Limited | 2.29% | 2.29% |
| Abbott India Limited | 2.17% | 2.17% |
| Alkem Laboratories Limited | 2.09% | 2.09% |
| NMDC Limited | 2.05% | 2.05% |
| Apar Industries Limited | 2.02% | 2.02% |
| Hitachi Energy India Limited | 1.99% | 1.99% |
| Mphasis Limited | 1.98% | 1.98% |
| Petronet LNG Limited | 1.90% | 1.90% |
| Havells India Limited | 1.88% | 1.88% |
| Ajanta Pharma Limited | 1.88% | 1.88% |
| Sundaram Finance Limited | 1.84% | 1.84% |
| 360 One Wam Limited | 1.80% | 1.80% |
| KEI Industries Limited | 1.79% | 1.79% |
| Indian Bank | 1.75% | 1.75% |
| Indian Railway Catering And Tourism Corporation Limited | 1.75% | 1.75% |
| Supreme Industries Limited | 1.69% | 1.69% |
| Dabur India Limited | 1.69% | 1.69% |
| Coromandel International Limited | 1.65% | 1.65% |
| Bank Of Maharashtra | 1.64% | 1.64% |
| Voltas Limited | 1.63% | 1.63% |
| PI Industries Limited | 1.57% | 1.57% |
| Schaeffler India Limited | 1.57% | 1.57% |
| Motilal Oswal Financial Services Limited | 1.56% | 1.55% |
| CRISIL Limited | 1.54% | 1.54% |
| Astral Limited | 1.40% | 1.39% |
| Tata Elxsi Limited | 1.39% | 1.39% |
| Balkrishna Industries Limited | 1.37% | 1.37% |
| Berger Paints India Limited | 1.36% | 1.36% |
| 3M India Limited | 1.27% | 1.26% |
| Tube Investments of India Limited | 1.25% | 1.25% |
| AIA Engineering Limited | 1.24% | 1.24% |
| K.P.R. Mill Limited | 1.24% | 1.24% |
| L&T Technology Services Limited | 1.22% | 1.22% |
| Godfrey Phillips India Limited | 1.10% | 1.10% |
| Endurance Technologies Limited | 1.06% | 1.06% |
| KPIT Technologies Limited | 1.05% | 1.05% |
| Bharat Dynamics Limited | 0.97% | 0.97% |
| Honeywell Automation India Limited | 0.90% | 0.90% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 99.8% means 99.8% 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 Quality 50 ETF
Every holding of this fund is also held by the other.
Largest holdings only in DSP Nifty Midcap 150 Quality 50 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 Quality 50 ETF | DSP Nifty Midcap 150 Quality 50 Index |
|---|---|---|
| Equity | 99.9% | 99.8% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.1% | 0.2% |
Market cap of stocks
| Market cap | DSP Nifty Midcap 150 Quality 50 ETF | DSP Nifty Midcap 150 Quality 50 Index |
|---|---|---|
| Large Cap | 10.6% | 10.6% |
| Mid Cap | 83.2% | 83.1% |
| Small Cap | 6.1% | 6.1% |
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 Quality 50 ETF | DSP Nifty Midcap 150 Quality 50 Index |
|---|---|---|
| IT - Software | 12.8% | 12.8% |
| Industrial Products | 11.1% | 11.1% |
| Capital Markets | 9.9% | 9.9% |
| Consumer Durables | 9.4% | 9.4% |
| Pharmaceuticals & Biotechnology | 8.7% | 8.7% |
| Personal Products | 6.0% | 6.0% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Nifty Midcap 150 Quality 50 ETF vs DSP Nifty Midcap 150 Quality 50 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Nifty Midcap 150 Quality 50 ETF | DSP Nifty Midcap 150 Quality 50 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.45% |
| Base expense ratio (Direct) | 0.25% | 0.26% |
| Total expense ratio (Regular) | Not available | 1.08% |
| Base expense ratio (Regular) | 0.00% | 0.80% |
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 Quality 50 ETF vs DSP Nifty Midcap 150 Quality 50 Index Fund: Frequently Asked Questions
What is the difference between DSP Nifty Midcap 150 Quality 50 ETF and DSP Nifty Midcap 150 Quality 50 Index Fund?
DSP Nifty Midcap 150 Quality 50 ETF is an ETF fund, DSP Nifty Midcap 150 Quality 50 Index Fund is an Index fund, run by DSP Mutual Fund. Their portfolios overlap 99.8%. DSP Nifty Midcap 150 Quality 50 ETF charges 0.41% a year and DSP Nifty Midcap 150 Quality 50 Index Fund 0.45%.
Which has given higher returns, DSP Nifty Midcap 150 Quality 50 ETF or DSP Nifty Midcap 150 Quality 50 Index Fund?
Over 1 year: DSP Nifty Midcap 150 Quality 50 ETF −8.25%, DSP Nifty Midcap 150 Quality 50 Index Fund −8.25%. Over 3 years: DSP Nifty Midcap 150 Quality 50 ETF +7.32% a year, DSP Nifty Midcap 150 Quality 50 Index Fund +7.31% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, DSP Nifty Midcap 150 Quality 50 ETF or DSP Nifty Midcap 150 Quality 50 Index Fund?
DSP Nifty Midcap 150 Quality 50 ETF charges less: 0.41% a year against 0.45%. These are the total expense ratios reported to AMFI.
How much do DSP Nifty Midcap 150 Quality 50 ETF and DSP Nifty Midcap 150 Quality 50 Index Fund overlap?
99.8%. They hold 50 of the same securities, the largest shared ones being DIXON, COLPAL, BSE. From each fund's latest monthly portfolio.
Which is riskier, DSP Nifty Midcap 150 Quality 50 ETF or DSP Nifty Midcap 150 Quality 50 Index Fund?
On SEBI's riskometer, DSP Nifty Midcap 150 Quality 50 ETF is rated Very High and DSP Nifty Midcap 150 Quality 50 Index Fund Very High. Over 3 years, the standard deviation of daily returns was 15.46% and 15.45% a year.
Which is better for SIP, DSP Nifty Midcap 150 Quality 50 ETF or DSP Nifty Midcap 150 Quality 50 Index Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,64,435 in DSP Nifty Midcap 150 Quality 50 ETF (XIRR -1.0% a year) and ₹3,64,490 in DSP Nifty Midcap 150 Quality 50 Index Fund (XIRR -0.9% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both DSP Nifty Midcap 150 Quality 50 ETF and DSP Nifty Midcap 150 Quality 50 Index Fund?
Yes. 99.8% 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 Quality 50 ETF and DSP Nifty Midcap 150 Quality 50 Index Fund?
DSP Nifty Midcap 150 Quality 50 ETF: Anil Ghelani, Diipesh Shah, Neha Rathi. DSP Nifty Midcap 150 Quality 50 Index Fund: Anil Ghelani, Diipesh Shah, Neha Rathi.
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.