DSP Nifty Next 50 Index Fund vs SBI BSE Sensex Next 50 ETF

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

DSP Nifty Next 50 Index Fund is an Index fund and SBI BSE Sensex Next 50 ETF is a mutual fund. In the 3 years to 30-10-2026, DSP Nifty Next 50 Index Fund (Direct) returned 16.1% a year and SBI BSE Sensex Next 50 ETF (Regular) returned 14.6% a year. DSP Nifty Next 50 Index Fund charges 0.39% a year and SBI BSE Sensex Next 50 ETF 0.30%. Their portfolios overlap 50.6%: they hold 24 of the same securities.

DSP Nifty Next 50 Index Fund

Index

3 year return: 16.1%
Expense ratio: 0.39%
NAV: ₹26.89

See DSP Nifty Next 50 Index Fund

SBI BSE Sensex Next 50 ETF

3 year return: 14.6%
Expense ratio: 0.30%
NAV: ₹874.85

See SBI BSE Sensex Next 50 ETF

Which is better, DSP Nifty Next 50 Index or SBI BSE Sensex Next 50 ETF? Key differences

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

SBI BSE Sensex Next 50 ETF returned more over 5 years: 12.2% a year against 10.6%.
DSP Nifty Next 50 Index returned more over 3 years: 16.1% a year against 14.6%.
SBI BSE Sensex Next 50 ETF costs less: 0.30% a year against 0.39%.
SBI BSE Sensex Next 50 ETF swung less over 3 years: a standard deviation of 16.9% a year against 18.3%.
DSP Nifty Next 50 Index fell less in its worst fall since 21-02-2019: −36.0% against −39.9%.
DSP Nifty Next 50 Index holds more in large companies: 95.3% of the fund in large caps against 58.1%.
DSP Nifty Next 50 Index is the larger fund: ₹1,350 Cr against ₹24 Cr.
Their portfolios overlap 50.6%: 24 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 Next 50 Index Fund (Direct)
+169.0%
SBI BSE Sensex Next 50 ETF (Regular)
+180.6%

Change in NAV from 21-02-2019 to 30-10-2026

0%+50%+100%+150%+200%+250%

Key facts

From each fund's scheme summary document and AMFI

Fact	DSP Nifty Next 50 Index Fund	SBI BSE Sensex Next 50 ETF
Fund house	DSP Mutual Fund	SBI Mutual Fund
Category	Index	Not available
AUM	₹1,350 Cr (30-09-2026)	₹24 Cr (30-09-2026)
NAV	₹26.89 (Direct)	₹874.85 (Regular)
Expense ratio (Direct)	0.39%	Not available
Expense ratio (Regular)	1.04%	0.30%
Riskometer	Very High	Not available
Benchmark	Nifty Next 50 TRI	Not available
Launch date	21-02-2019	Not available
Minimum investment	₹100	Not available
Lock in	None	Not available
Fund managers	Anil Ghelani, Diipesh Shah, Neha Rathi	Not available
Exit load	Nil	Not available

DSP Nifty Next 50 Index vs SBI BSE Sensex Next 50 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 Next 50 Index Fund (Direct)	−2.88%	−6.60%	−2.38%	−2.78%	+16.09%	+10.61%	--
SBI BSE Sensex Next 50 ETF (Regular)	−2.81%	−7.76%	−3.47%	−6.62%	+14.59%	+12.23%	--

DSP Nifty Next 50 Index vs SBI BSE Sensex Next 50 ETF: Year-wise Returns

Year	DSP Nifty Next 50 IndexDSP Nifty Next 50 Index	SBI BSE Sensex Next 50 ETFSBI BSE Sensex Next 50 ETF
2026to date	−1.79%	−6.55%
2025	+2.71%	+7.75%
2024	+27.58%	+26.20%
2023	+27.06%	+34.40%
2022	+0.69%	+5.02%
2021	+30.21%	+30.85%

DSP Nifty Next 50 Index vs SBI BSE Sensex Next 50 ETF: Rolling Returns

Every holding period of both funds, against Nifty Next 50 TRI, the benchmark of DSP Nifty Next 50 Index Fund

Rolling returns

Every 3-year holding period, 1,154 of them, one for each trading day from 21-02-2022 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.

0%10%20%30%40%

Jul 2019
to
Jul 2022Apr 2020
to
Apr 2023Feb 2021
to
Feb 2024Nov 2021
to
Nov 2024Sept 2022
to
Sept 2025Jun 2023
to
Jun 2026

DSP Nifty Next 50 Index Fund (Direct)SBI BSE Sensex Next 50 ETF (Regular)Nifty Next 50 TRI

How the periods spread

Fund	5-10%	10-15%	15-20%	20-25%	Above 25%	Mean	Median	Lowest	Highest	Beat benchmark
DSP Nifty Next 50 Index	0.3	16.6	54.8	28.2	0.2	18.2%	18.4%	9.6%	26.9%	0%
SBI BSE Sensex Next 50 ETF	0.0	10.2	30.8	43.8	15.3	20.7%	21.1%	10.1%	32.9%	81%
Nifty Next 50 TRI	0.0	12.3	53.6	33.8	0.3	18.7%	18.8%	10.4%	27.9%	--

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 Next 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 21-02-2019. Past returns do not promise future returns.

DSP Nifty Next 50 Index vs SBI BSE Sensex Next 50 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 21-02-2019 to 30-10-2026: 93 instalments, ₹9,30,000 in all.

Investment	Invested	Value now	Gain	Return a year
DSP Nifty Next 50 IndexDSP Nifty Next 50 Index Fund (Direct)	₹9,30,000	₹15,67,341	₹6,37,341	13.2%
SBI BSE Sensex Next 50 ETFSBI BSE Sensex Next 50 ETF (Regular)	₹9,30,000	₹16,53,504	₹7,23,504	14.5%

₹0₹5.0 L₹10.0 L₹15.0 L₹20.0 L

2020202120222023202420252026

DSP Nifty Next 50 IndexDSP Nifty Next 50 Index Fund (Direct)SBI BSE Sensex Next 50 ETFSBI BSE Sensex Next 50 ETF (Regular)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 Next 50 Index vs SBI BSE Sensex Next 50 ETF: Risk and Drawdowns

How much each fund swings, and the worst fall over the same days

Risk and return

Measure	DSP Nifty Next 50 Index Fund (Direct)	SBI BSE Sensex Next 50 ETF (Regular)
Return (CAGR)	−2.78%	−6.62%
Standard deviation	17.35%	16.34%
Sharpe ratio	-0.46	-0.73
Sortino ratio	-0.62	-0.95
Maximum drawdown	−14.4% (30-03-2026)	−14.9% (31-03-2026)
Beta	1.00	1.00
Alpha	−0.29%	−0.19%

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 Next 50 Index Fund (Direct)	SBI BSE Sensex Next 50 ETF (Regular)
Return (CAGR)	+16.09%	+14.59%
Standard deviation	18.32%	16.89%
Sharpe ratio	0.55	0.51
Sortino ratio	0.73	0.69
Maximum drawdown	−26.6% (28-02-2025)	−20.7% (28-02-2025)
Beta	1.00	1.00
Alpha	−0.41%	−0.23%

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 Next 50 Index Fund (Direct)	SBI BSE Sensex Next 50 ETF (Regular)
Return (CAGR)	+10.61%	+12.23%
Standard deviation	17.69%	16.91%
Sharpe ratio	0.27	0.38
Sortino ratio	0.36	0.51
Maximum drawdown	−26.6% (28-02-2025)	−20.7% (28-02-2025)
Beta	1.00	1.00
Alpha	−0.33%	−0.20%

From daily NAVs, 29-10-2021 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.

Measure	DSP Nifty Next 50 Index Fund (Direct)	SBI BSE Sensex Next 50 ETF (Regular)
Return (CAGR)	+13.74%	+13.47%
Standard deviation	18.62%	18.78%
Sharpe ratio	0.46	0.44
Sortino ratio	0.61	0.58
Maximum drawdown	−36.0% (23-03-2020)	−39.9% (23-03-2020)
Beta	1.00	1.00
Alpha	−0.55%	−0.44%

From daily NAVs, 21-02-2019 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.

−40%−30%−20%−10%0%

2020202120222023202420252026

DSP Nifty Next 50 Index Fund (Direct)SBI BSE Sensex Next 50 ETF (Regular)Nifty Next 50 TRI

Fund	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
DSP Nifty Next 50 Index Fund (Direct)	−36.0%	24-01-2020	23-03-2020	13-11-2020	8 months	−11.9%
SBI BSE Sensex Next 50 ETF (Regular)	−39.9%	16-04-2019	23-03-2020	23-11-2020	8 months	−10.0%
Nifty Next 50 TRI	−36.2%	24-01-2020	23-03-2020	12-11-2020	8 months	−11.3%

From daily values since 21-02-2019, 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 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.

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

2023202420252026

DSP Nifty Next 50 Index Fund (Direct)SBI BSE Sensex Next 50 ETF (Regular)Nifty Next 50 TRI

Against Nifty Next 50 TRI

Fund	Up capture	Down capture	Tracking error
DSP Nifty Next 50 Index Fund (Direct)	99%	101%	0.38%
SBI BSE Sensex Next 50 ETF (Regular)	94%	88%	5.38%

From month-end values since 21-02-2019. 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 Next 50 Index vs SBI BSE Sensex Next 50 ETF: Portfolio Overlap

From each fund's latest monthly portfolio: DSP Nifty Next 50 Index Fund, September 2026; SBI BSE Sensex Next 50 ETF, September 2026

Holdings in common

Overlap: 50.6%
Held by both: 24
Only in DSP Nifty Next 50 Index: 26
Only in SBI BSE Sensex Next 50 ETF: 26

Security	% of DSP Nifty Next 50 Index	% of SBI BSE Sensex Next 50 ETF
Divi's Laboratories Limited	4.83%	4.37%
Tata Motors Limited	3.61%	3.27%
Adani Power Limited	3.47%	3.19%
Samvardhana Motherson International Limited	2.95%	2.67%
Cholamandalam Investment and Finance Co Limited	2.88%	2.60%
Cummins India Limited	2.63%	2.39%
Avenue Supermarts Limited	2.51%	2.29%
Tata Power Co Limited	2.47%	2.20%
Bharat Petroleum Corporation Limited	2.49%	2.19%
Varun Beverages Limited	2.42%	2.16%
CG Power and Industrial Solutions Limited	2.40%	2.15%
Britannia Industries Limited	2.33%	2.10%
Indian Oil Corporation Limited	2.06%	1.82%
Power Finance Corporation Limited	1.94%	1.75%
HDFC Asset Management Co Limited	1.91%	1.70%
GAIL (India) Limited	1.88%	1.70%
Bajaj Holdings & Investment Limited	1.91%	1.68%
Pidilite Industries Limited	1.86%	1.66%
DLF Limited	1.77%	1.60%
Bank of Baroda	1.75%	1.59%
Canara Bank	1.64%	1.48%
Punjab National Bank	1.59%	1.44%
Ltm Limited	1.54%	1.36%
Godrej Consumer Products Limited	1.40%	1.26%

Overlap: for each holding both funds own, the smaller of its two weights, added up. 50.6% means 50.6% 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 Next 50 Index Fund

Security	% of fund
TVS Motor Co Limited	3.95%
Hindustan Aeronautics Limited	3.62%
Torrent Pharmaceuticals Limited	2.89%
Vedanta Aluminium Metal Limited	2.86%
Solar Industries India Limited	1.96%

Largest holdings only in SBI BSE Sensex Next 50 ETF

Security	% of fund
Adani Enterprises Ltd.	3.63%
The Federal Bank Ltd.	2.90%
One 97 Communications Ltd.	2.66%
Hero MotoCorp Ltd.	2.48%
The Indian Hotels Company Ltd.	2.38%

Asset and sector split

Share of each fund, from its latest monthly portfolio

Asset allocation

Asset	DSP Nifty Next 50 Index	SBI BSE Sensex Next 50 ETF
Equity	99.9%	100.0%
Debt	0.0%	0.0%
Cash and others	0.1%	-0.0%

Market cap of stocks

Market cap	DSP Nifty Next 50 Index	SBI BSE Sensex Next 50 ETF
Large Cap	95.3%	58.1%
Mid Cap	4.7%	41.9%
Small Cap	0.0%	0.0%

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 Next 50 Index	SBI BSE Sensex Next 50 ETF
Banks	6.3%	15.1%
Power	9.4%	5.4%
Finance	9.4%	7.4%
Pharmaceuticals & Biotechnology	8.9%	6.2%
Electrical Equipment	8.0%	3.9%
IT - Software	3.3%	5.7%
Automobiles	5.1%	2.5%
Agricultural, Commercial & Construction Vehicles	3.6%	4.9%

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

DSP Nifty Next 50 Index vs SBI BSE Sensex Next 50 ETF: Expense Ratio

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

Charge	DSP Nifty Next 50 Index Fund	SBI BSE Sensex Next 50 ETF
Total expense ratio (Direct)	0.39%	Not available
Base expense ratio (Direct)	0.24%	0.00%
Total expense ratio (Regular)	1.04%	0.30%
Base expense ratio (Regular)	0.80%	0.20%

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 Next 50 Index Fund vs SBI BSE Sensex Next 50 ETF: Frequently Asked Questions

What is the difference between DSP Nifty Next 50 Index Fund and SBI BSE Sensex Next 50 ETF?

DSP Nifty Next 50 Index Fund is an Index fund, SBI BSE Sensex Next 50 ETF is a mutual fund, run by DSP Mutual Fund and SBI Mutual Fund. Their portfolios overlap 50.6%. DSP Nifty Next 50 Index Fund charges 0.39% a year and SBI BSE Sensex Next 50 ETF 0.30%.

Which has given higher returns, DSP Nifty Next 50 Index Fund or SBI BSE Sensex Next 50 ETF?

Over 1 year: DSP Nifty Next 50 Index Fund −2.78%, SBI BSE Sensex Next 50 ETF −6.62%. Over 3 years: DSP Nifty Next 50 Index Fund +16.09% a year, SBI BSE Sensex Next 50 ETF +14.59% a year. Over 5 years: DSP Nifty Next 50 Index Fund +10.61% a year, SBI BSE Sensex Next 50 ETF +12.23% a year. As on 30-10-2026. Past returns do not promise future returns.

Which has the lower expense ratio, DSP Nifty Next 50 Index Fund or SBI BSE Sensex Next 50 ETF?

SBI BSE Sensex Next 50 ETF charges less: 0.30% a year against 0.39%. These are the total expense ratios reported to AMFI.

How much do DSP Nifty Next 50 Index Fund and SBI BSE Sensex Next 50 ETF overlap?

50.6%. They hold 24 of the same securities, the largest shared ones being DIVISLAB, TMCV, ADANIPOWER. From each fund's latest monthly portfolio.

Which is better for SIP, DSP Nifty Next 50 Index Fund or SBI BSE Sensex Next 50 ETF?

Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,92,270 in DSP Nifty Next 50 Index Fund (XIRR 10.2% a year) and ₹8,00,885 in SBI BSE Sensex Next 50 ETF (XIRR 10.7% a year). Both received 61 instalments. Past returns do not promise future returns.

Can I invest in both DSP Nifty Next 50 Index Fund and SBI BSE Sensex Next 50 ETF?

Yes. 50.6% of each fund's money sits in the same holdings, so a large part of the two investments would move together.

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.