DSP Nifty Midcap 150 Quality 50 Index Fund vs Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF

Direct Plan where a fund has one, Growth option · Data as on 30-10-2026

DSP Nifty Midcap 150 Quality 50 Index Fund is an Index fund and Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF is an ETF fund. In the year to 30-10-2026, DSP Nifty Midcap 150 Quality 50 Index Fund (Direct) returned −8.3% and Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF returned −0.1%. DSP Nifty Midcap 150 Quality 50 Index Fund charges 0.45% a year and Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF 0.64%. Their portfolios overlap 36.5%: they hold 31 of the same securities.

DSP Nifty Midcap 150 Quality 50 Index Fund

Index

1 year return: −8.3%
Expense ratio: 0.45%
NAV: ₹13.66

See DSP Nifty Midcap 150 Quality 50 Index Fund

Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF

ETF

1 year return: −0.1%
Expense ratio: 0.64%
NAV: ₹49.03

See Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF

Which is better, DSP Nifty Midcap 150 Quality 50 Index or Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF? Key differences

It depends on what you want from the fund. These are the differences in numbers, from the data on this page.

Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF returned more over 1 year: −0.1% against −8.3%.
DSP Nifty Midcap 150 Quality 50 Index costs less: 0.45% a year against 0.64%.
DSP Nifty Midcap 150 Quality 50 Index fell less in its worst fall since 23-05-2024: −21.4% against −25.9%.
Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF is the larger fund: ₹464 Cr against ₹398 Cr.
Their portfolios overlap 36.5%: 31 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 Quality 50 Index Fund (Direct)
−1.1%
Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF
−0.2%

Change in NAV from 23-05-2024 to 30-10-2026

−10%0%+10%+20%

Key facts

From each fund's scheme summary document and AMFI

Fact	DSP Nifty Midcap 150 Quality 50 Index Fund	Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF
Fund house	DSP Mutual Fund	Mirae Asset Mutual Fund
Category	Index	ETF
AUM	₹398 Cr (30-09-2026)	₹464 Cr (30-09-2026)
NAV	₹13.66 (Direct)	₹49.03
Expense ratio (Direct)	0.45%	Not available
Expense ratio (Regular)	1.08%	Not available
Riskometer	Very High	Very High
Benchmark	Nifty Midcap 150 Quality 50 TRI	Nifty MidSmallcap400 Momentum Quality 100 TRI
Launch date	04-08-2022	22-05-2024
Minimum investment	₹100	On exchange in multiple of 1 unit. With AMC: In multiples of 2,00,000 units
Lock in	None	None
Fund managers	Anil Ghelani, Diipesh Shah, Neha Rathi	Ekta Gala, amp, Akshay Udeshi
Exit load	Nil	NIL

DSP Nifty Midcap 150 Quality 50 Index vs Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 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 Quality 50 Index Fund (Direct)	−2.26%	−8.62%	−3.98%	−8.25%	+7.31%	--	--
Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF	−1.55%	−3.41%	−0.92%	−0.12%	--	--	--

DSP Nifty Midcap 150 Quality 50 Index vs Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF: Year-wise Returns

Year	DSP Nifty Midcap 150 Quality 50 IndexDSP Nifty Midcap 150 Quality 50 Index	Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETFMirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF
2026to date	−6.91%	+2.85%
2025	−0.81%	−7.32%
2024	+19.84%	--
2023	+28.52%	--

DSP Nifty Midcap 150 Quality 50 Index vs Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF: Rolling Returns

Every holding period of both funds, against NIFTY Midcap150 Quality 50 TRI, the benchmark of DSP Nifty Midcap 150 Quality 50 Index Fund

Rolling returns

Every 1-year holding period, 355 of them, one for each trading day from 23-05-2025 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.

−15%−10%−5%0%5%10%15%

Jul 2024
to
Jul 2025Oct 2024
to
Oct 2025Dec 2024
to
Dec 2025Mar 2025
to
Mar 2026Jun 2025
to
Jun 2026Sept 2025
to
Sept 2026

DSP Nifty Midcap 150 Quality 50 Index Fund (Direct)Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETFNIFTY Midcap150 Quality 50 TRI

How the periods spread

Fund	Below 0%	0-5%	5-10%	10-15%	15-20%	Mean	Median	Lowest	Highest	Beat benchmark
DSP Nifty Midcap 150 Quality 50 Index	53.0	30.7	13.2	3.1	0.0	0.1%	−0.4%	−10.4%	13.5%	0%
Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF	51.4	23.6	17.1	7.6	0.3	−0.5%	−0.2%	−14.3%	15.2%	46%
NIFTY Midcap150 Quality 50 TRI	51.5	31.3	13.8	3.4	0.0	0.4%	−0.2%	−10.1%	13.8%	--

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 23-05-2024. Past returns do not promise future returns.

DSP Nifty Midcap 150 Quality 50 Index vs Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF: 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

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 02-05-2024 to 30-10-2026: 30 instalments, ₹3,00,000 in all.

Investment	Invested	Value now	Gain	Return a year
DSP Nifty Midcap 150 Quality 50 IndexDSP Nifty Midcap 150 Quality 50 Index Fund (Direct)	₹3,00,000	₹2,84,676	−₹15,324	−4.0%
Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETFMirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF	₹3,00,000	₹3,00,025	₹25	0.0%

₹0₹1.0 L₹2.0 L₹3.0 L₹4.0 L

20252026

DSP Nifty Midcap 150 Quality 50 IndexDSP Nifty Midcap 150 Quality 50 Index Fund (Direct)Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETFMirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETFAmount 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 Index vs Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 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 Quality 50 Index Fund (Direct)	Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF
Return (CAGR)	−8.25%	−0.12%
Standard deviation	15.84%	17.84%
Sharpe ratio	-0.85	-0.30
Sortino ratio	-1.14	-0.41
Maximum drawdown	−15.4% (31-03-2026)	−14.7% (23-03-2026)
Beta	1.00	1.00
Alpha	−0.30%	−0.60%

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 Index Fund (Direct)	Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF
Return (CAGR)	+7.57%	−0.07%
Standard deviation	14.16%	19.87%
Sharpe ratio	0.10	-0.30
Sortino ratio	0.14	-0.39
Maximum drawdown	−21.4% (28-02-2025)	−25.9% (03-03-2025)
Beta	1.00	1.00
Alpha	−0.24%	−0.56%

From daily NAVs, 04-08-2022 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.

−30%−25%−20%−15%−10%−5%0%

20252026

DSP Nifty Midcap 150 Quality 50 Index Fund (Direct)Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETFNIFTY 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 Index Fund (Direct)	−21.4%	01-10-2024	28-02-2025	Not yet	--	−13.6%
Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF	−25.9%	15-07-2024	03-03-2025	Not yet	--	−11.1%
NIFTY Midcap150 Quality 50 TRI	−21.3%	01-10-2024	28-02-2025	Not yet	--	−13.1%

From daily values since 23-05-2024, 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.

0%5%10%15%20%25%

2026

DSP Nifty Midcap 150 Quality 50 Index Fund (Direct)Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETFNIFTY Midcap150 Quality 50 TRI

Against NIFTY Midcap150 Quality 50 TRI

Fund	Up capture	Down capture	Tracking error
DSP Nifty Midcap 150 Quality 50 Index Fund (Direct)	99%	101%	0.11%
Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF	107%	106%	6.22%

From month-end values since 23-05-2024. 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 Index vs Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF: Portfolio Overlap

From each fund's latest monthly portfolio: DSP Nifty Midcap 150 Quality 50 Index Fund, September 2026; Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF, September 2026

Holdings in common

Overlap: 36.5%
Held by both: 31
Only in DSP Nifty Midcap 150 Quality 50 Index: 19
Only in Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF: 69

Security	% of DSP Nifty Midcap 150 Quality 50 Index	% of Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF
BSE Limited	4.23%	4.16%
Polycab India Limited	2.61%	2.47%
Hero MotoCorp Limited	3.90%	2.28%
Marico Limited	3.60%	2.20%
Dixon Technologies (India) Limited	4.56%	2.15%
Hitachi Energy India Limited	1.99%	2.45%
Apar Industries Limited	2.02%	1.89%
Persistent Systems Limited	3.44%	1.63%
Oracle Financial Services Software Limited	2.49%	1.36%
KEI Industries Limited	1.79%	1.32%
Coforge Limited	2.43%	1.26%
Colgate Palmolive (India) Limited	4.29%	1.23%
APL Apollo Tubes Limited	2.33%	1.19%
Nippon Life India Asset Management Limited	2.29%	1.06%
NMDC Limited	2.05%	1.05%
Page Industries Limited	2.90%	1.03%
Indian Bank	1.75%	1.01%
Bank Of Maharashtra	1.64%	0.97%
Ajanta Pharma Limited	1.88%	0.81%
360 One Wam Limited	1.80%	0.76%
Mphasis Limited	1.98%	0.74%
Coromandel International Limited	1.65%	0.59%
Motilal Oswal Financial Services Limited	1.55%	0.59%
PI Industries Limited	1.57%	0.49%
Astral Limited	1.39%	0.48%
K.P.R. Mill Limited	1.24%	0.46%
Tata Elxsi Limited	1.39%	0.32%
Bharat Dynamics Limited	0.97%	0.28%
L&T Technology Services Limited	1.22%	0.25%
Godfrey Phillips India Limited	1.10%	0.23%
KPIT Technologies Limited	1.05%	0.23%

Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.5% means 36.5% 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 Index Fund

Security	% of fund
Glaxosmithkline Pharmaceuticals Limited	2.55%
Abbott India Limited	2.17%
Alkem Laboratories Limited	2.09%
Petronet LNG Limited	1.90%
Havells India Limited	1.88%

Largest holdings only in Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF

Security	% of fund
Laurus Labs Ltd.	4.78%
The Federal Bank Ltd.	4.11%
Multi Commodity Exchange of India Ltd.	3.79%
Bharat Forge Ltd.	2.80%
GE Vernova T&D India Ltd.	2.56%

Asset and sector split

Share of each fund, from its latest monthly portfolio

Asset allocation

Asset	DSP Nifty Midcap 150 Quality 50 Index	Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF
Equity	99.8%	100.0%
Debt	0.0%	0.0%
Cash and others	0.2%	-0.0%

Market cap of stocks

Market cap	DSP Nifty Midcap 150 Quality 50 Index	Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF
Large Cap	10.6%	11.2%
Mid Cap	83.1%	62.9%
Small Cap	6.1%	25.9%

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 Index	Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF
Pharmaceuticals & Biotechnology	8.7%	16.0%
Capital Markets	9.9%	15.0%
IT - Software	12.8%	5.5%
Industrial Products	11.1%	9.8%
Electrical Equipment	4.0%	10.5%
Banks	3.4%	10.4%
Consumer Durables	9.4%	2.9%
Auto Components	5.3%	6.1%
Personal Products	6.0%	1.4%

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

DSP Nifty Midcap 150 Quality 50 Index vs Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF: Expense Ratio

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

Charge	DSP Nifty Midcap 150 Quality 50 Index Fund	Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF
Total expense ratio (Direct)	0.45%	Not available
Base expense ratio (Direct)	0.26%	0.00%
Total expense ratio (Regular)	1.08%	Not available
Base expense ratio (Regular)	0.80%	0.37%

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 Index Fund vs Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF: Frequently Asked Questions

What is the difference between DSP Nifty Midcap 150 Quality 50 Index Fund and Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF?

DSP Nifty Midcap 150 Quality 50 Index Fund is an Index fund, Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF is an ETF fund, run by DSP Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 36.5%. DSP Nifty Midcap 150 Quality 50 Index Fund charges 0.45% a year and Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF 0.64%.

Which has given higher returns, DSP Nifty Midcap 150 Quality 50 Index Fund or Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF?

Over 1 year: DSP Nifty Midcap 150 Quality 50 Index Fund −8.25%, Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF −0.12%. As on 30-10-2026. Past returns do not promise future returns.

Which has the lower expense ratio, DSP Nifty Midcap 150 Quality 50 Index Fund or Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF?

DSP Nifty Midcap 150 Quality 50 Index Fund charges less: 0.45% a year against 0.64%. These are the total expense ratios reported to AMFI.

How much do DSP Nifty Midcap 150 Quality 50 Index Fund and Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF overlap?

36.5%. They hold 31 of the same securities, the largest shared ones being BSE, POLYCAB, HEROMOTOCO. From each fund's latest monthly portfolio.

Which is riskier, DSP Nifty Midcap 150 Quality 50 Index Fund or Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF?

On SEBI's riskometer, DSP Nifty Midcap 150 Quality 50 Index Fund is rated Very High and Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF Very High. Over 1 years, the standard deviation of daily returns was 15.84% and 17.84% a year.

Can I invest in both DSP Nifty Midcap 150 Quality 50 Index Fund and Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF?

Yes. 36.5% of each fund's money sits in the same holdings, so some of the two investments would move together.

Who manages DSP Nifty Midcap 150 Quality 50 Index Fund and Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF?

DSP Nifty Midcap 150 Quality 50 Index Fund: Anil Ghelani, Diipesh Shah, Neha Rathi. Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF: Ekta Gala, amp, Akshay Udeshi.

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.