DSP Nifty Next 50 Index Fund vs UTI - Nifty Next 50 Exchange Traded Fund
Direct Plan, Growth option · Data as on 30-10-2026
DSP Nifty Next 50 Index Fund is an Index fund and UTI - Nifty Next 50 Exchange Traded Fund is an Index fund. In the 3 years to 30-10-2026, DSP Nifty Next 50 Index Fund (Direct) returned 16.1% a year and UTI - Nifty Next 50 Exchange Traded Fund (Direct) returned 16.5% a year. Their portfolios overlap 99.9%: they hold 50 of the same securities.
DSP Nifty Next 50 Index Fund
Index
- 3 year return
- 16.1%
- Expense ratio
- 0.39%
- NAV
- ₹26.89
UTI - Nifty Next 50 Exchange Traded Fund
Index
- 3 year return
- 16.5%
- NAV
- ₹73.24
Which is better, DSP Nifty Next 50 Index or UTI - Nifty Next 50 Exchange Traded? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- UTI - Nifty Next 50 Exchange Traded returned more over 5 years: 10.8% a year against 10.6%.
- UTI - Nifty Next 50 Exchange Traded returned more over 3 years: 16.5% a year against 16.1%.
- DSP Nifty Next 50 Index swung less over 3 years: a standard deviation of 18.3% a year against 18.4%.
- DSP Nifty Next 50 Index fell less in its worst fall since 21-02-2019: −36.0% against −36.2%.
- UTI - Nifty Next 50 Exchange Traded is the larger fund: ₹2,197 Cr against ₹1,350 Cr.
- Their portfolios overlap 99.9%: 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 Next 50 Index Fund | UTI - Nifty Next 50 Exchange Traded Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | UTI Mutual Fund |
| Category | Index | Index |
| AUM | ₹1,350 Cr (30-09-2026) | ₹2,197 Cr (30-09-2026) |
| NAV | ₹26.89 (Direct) | ₹73.24 (Direct) |
| Expense ratio (Direct) | 0.39% | 0.00% |
| Expense ratio (Regular) | 1.04% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Next 50 TRI | Nifty Next 50 TRI |
| Launch date | 21-02-2019 | 04-08-2017 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Anil Ghelani, Diipesh Shah, Neha Rathi | Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3 |
| Exit load | Nil | Not available |
DSP Nifty Next 50 Index vs UTI - Nifty Next 50 Exchange Traded: 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% | -- |
| UTI - Nifty Next 50 Exchange Traded Fund (Direct) | −2.86% | −6.62% | −2.28% | −2.53% | +16.46% | +10.85% | -- |
DSP Nifty Next 50 Index vs UTI - Nifty Next 50 Exchange Traded: Year-wise Returns
| Year | DSP Nifty Next 50 IndexDSP Nifty Next 50 Index | UTI - Nifty Next 50 Exchange TradedUTI - Nifty Next 50 Exchange Traded | Nifty Next 50 TRI |
|---|---|---|---|
| 2026to date | −1.79% | −1.56% | −1.53% |
| 2025 | +2.71% | +2.88% | +2.90% |
| 2024 | +27.58% | +28.24% | +28.37% |
| 2023 | +27.06% | +27.08% | +27.24% |
| 2022 | +0.69% | +0.80% | +0.96% |
| 2021 | +30.21% | +30.68% | +30.87% |
DSP Nifty Next 50 Index vs UTI - Nifty Next 50 Exchange Traded: Rolling Returns
Every holding period of both funds, against Nifty Next 50 TRI, the benchmark of both
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.
DSP Nifty Next 50 Index Fund (Direct)
UTI - Nifty Next 50 Exchange Traded Fund (Direct)
Nifty Next 50 TRI
to
Jul 2022Apr 2020
to
Apr 2023Feb 2021
to
Feb 2024Nov 2021
to
Nov 2024Sept 2022
to
Sept 2025Jun 2023
to
Jun 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 Next 50 Index | 0.0 | 0.0 | 0.3 | 16.6 | 54.8 | 28.2 | 0.2 | 18.2% | 18.4% | 9.6% | 26.9% | 0% |
| UTI - Nifty Next 50 Exchange Traded | 0.0 | 0.0 | 0.0 | 13.2 | 54.7 | 32.0 | 0.2 | 18.5% | 18.7% | 10.2% | 27.7% | 1% |
| Nifty Next 50 TRI | 0.0 | 0.0 | 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 UTI - Nifty Next 50 Exchange Traded: 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 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% |
| UTI - Nifty Next 50 Exchange TradedUTI - Nifty Next 50 Exchange Traded Fund (Direct) | ₹9,30,000 | ₹15,89,031 | ₹6,59,031 | 13.5% |
DSP Nifty Next 50 IndexDSP Nifty Next 50 Index Fund (Direct)
UTI - Nifty Next 50 Exchange TradedUTI - Nifty Next 50 Exchange Traded 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 Next 50 Index vs UTI - Nifty Next 50 Exchange Traded: 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) | UTI - Nifty Next 50 Exchange Traded Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.78% | −2.53% |
| Standard deviation | 17.35% | 17.51% |
| Sharpe ratio | -0.46 | -0.44 |
| Sortino ratio | -0.62 | -0.59 |
| Maximum drawdown | −14.4% (30-03-2026) | −14.4% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.29% | −0.04% |
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) | UTI - Nifty Next 50 Exchange Traded Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.09% | +16.46% |
| Standard deviation | 18.32% | 18.41% |
| Sharpe ratio | 0.55 | 0.57 |
| Sortino ratio | 0.73 | 0.76 |
| Maximum drawdown | −26.6% (28-02-2025) | −26.4% (28-02-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.41% | −0.06% |
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) | UTI - Nifty Next 50 Exchange Traded Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.61% | +10.85% |
| Standard deviation | 17.69% | 17.76% |
| Sharpe ratio | 0.27 | 0.28 |
| Sortino ratio | 0.36 | 0.37 |
| Maximum drawdown | −26.6% (28-02-2025) | −26.4% (28-02-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.33% | −0.10% |
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) | UTI - Nifty Next 50 Exchange Traded Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.74% | +10.76% |
| Standard deviation | 18.62% | 18.21% |
| Sharpe ratio | 0.46 | 0.30 |
| Sortino ratio | 0.61 | 0.39 |
| Maximum drawdown | −36.0% (23-03-2020) | −40.3% (23-03-2020) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.55% | −0.08% |
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.
DSP Nifty Next 50 Index Fund (Direct)
UTI - Nifty Next 50 Exchange Traded Fund (Direct)
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% |
| UTI - Nifty Next 50 Exchange Traded Fund (Direct) | −36.2% | 24-01-2020 | 23-03-2020 | 12-11-2020 | 8 months | −11.3% |
| 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 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
DSP Nifty Next 50 Index Fund (Direct)
UTI - Nifty Next 50 Exchange Traded Fund (Direct)
Nifty Next 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 Next 50 Index Fund (Direct)
UTI - Nifty Next 50 Exchange Traded Fund (Direct)
Nifty Next 50 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
DSP Nifty Next 50 Index Fund (Direct)
UTI - Nifty Next 50 Exchange Traded Fund (Direct)
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% |
| UTI - Nifty Next 50 Exchange Traded Fund (Direct) | 100% | 100% | 0.08% |
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 UTI - Nifty Next 50 Exchange Traded: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Nifty Next 50 Index Fund, September 2026; UTI - Nifty Next 50 Exchange Traded Fund, September 2026
Holdings in common
- Overlap
- 99.9%
- Held by both
- 50
- Only in DSP Nifty Next 50 Index
- 0
- Only in UTI - Nifty Next 50 Exchange Traded
- 0
| Security | % of DSP Nifty Next 50 Index | % of UTI - Nifty Next 50 Exchange Traded |
|---|---|---|
| Divi's Laboratories Limited | 4.83% | 4.84% |
| TVS Motor Co Limited | 3.95% | 3.95% |
| Hindustan Aeronautics Limited | 3.62% | 3.63% |
| Tata Motors Limited | 3.61% | 3.61% |
| Adani Power Limited | 3.47% | 3.48% |
| Samvardhana Motherson International Limited | 2.95% | 2.95% |
| Torrent Pharmaceuticals Limited | 2.89% | 2.89% |
| Cholamandalam Investment and Finance Co Limited | 2.88% | 2.88% |
| Vedanta Aluminium Metal Limited | 2.86% | 2.87% |
| Cummins India Limited | 2.63% | 2.63% |
| Avenue Supermarts Limited | 2.51% | 2.51% |
| Bharat Petroleum Corporation Limited | 2.49% | 2.49% |
| Tata Power Co Limited | 2.47% | 2.47% |
| Varun Beverages Limited | 2.42% | 2.42% |
| CG Power and Industrial Solutions Limited | 2.40% | 2.40% |
| Britannia Industries Limited | 2.33% | 2.33% |
| Indian Oil Corporation Limited | 2.06% | 2.06% |
| Solar Industries India Limited | 1.96% | 1.96% |
| Power Finance Corporation Limited | 1.94% | 1.94% |
| Bajaj Holdings & Investment Limited | 1.91% | 1.91% |
| HDFC Asset Management Co Limited | 1.91% | 1.91% |
| GAIL (India) Limited | 1.88% | 1.88% |
| Vedanta Limited | 1.87% | 1.87% |
| Pidilite Industries Limited | 1.86% | 1.86% |
| DLF Limited | 1.77% | 1.77% |
| Polycab India Limited | 1.76% | 1.76% |
| Wipro Limited | 1.76% | 1.76% |
| Adani Energy Solutions Limited | 1.76% | 1.76% |
| Adani Green Energy Limited | 1.75% | 1.75% |
| Bank of Baroda | 1.75% | 1.75% |
| Jindal Steel Limited | 1.72% | 1.72% |
| Bosch Limited | 1.67% | 1.67% |
| Canara Bank | 1.64% | 1.64% |
| Hitachi Energy India Limited | 1.59% | 1.60% |
| Punjab National Bank | 1.59% | 1.59% |
| Ltm Limited | 1.54% | 1.54% |
| Vodafone Idea Limited | 1.46% | 1.46% |
| ABB India Limited | 1.46% | 1.46% |
| Godrej Consumer Products Limited | 1.40% | 1.40% |
| Union Bank Of India | 1.35% | 1.35% |
| Siemens Limited | 1.35% | 1.35% |
| Muthoot Finance Limited | 1.20% | 1.20% |
| Zydus Lifesciences Limited | 1.18% | 1.18% |
| Hyundai Motor India Limited | 1.18% | 1.18% |
| Siemens Energy India Limited | 1.16% | 1.16% |
| Hindustan Zinc Limited | 1.11% | 1.11% |
| Ambuja Cements Limited | 0.95% | 0.95% |
| Tata Capital Limited | 0.74% | 0.74% |
| Indian Railway Finance Corporation Limited | 0.73% | 0.73% |
| Mazagon Dock Shipbuilders Limited | 0.66% | 0.66% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 99.9% means 99.9% 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
Every holding of this fund is also held by the other.
Largest holdings only in UTI - Nifty Next 50 Exchange Traded 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 Next 50 Index | UTI - Nifty Next 50 Exchange Traded |
|---|---|---|
| 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 | UTI - Nifty Next 50 Exchange Traded |
|---|---|---|
| Large Cap | 95.3% | 95.3% |
| Mid Cap | 4.7% | 4.7% |
| 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 | UTI - Nifty Next 50 Exchange Traded |
|---|---|---|
| Power | 9.4% | 9.5% |
| Finance | 9.4% | 9.4% |
| Pharmaceuticals & Biotechnology | 8.9% | 8.9% |
| Electrical Equipment | 8.0% | 8.0% |
| Banks | 6.3% | 6.3% |
| Automobiles | 5.1% | 5.1% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Nifty Next 50 Index vs UTI - Nifty Next 50 Exchange Traded: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Nifty Next 50 Index Fund | UTI - Nifty Next 50 Exchange Traded Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.39% | 0.00% |
| Base expense ratio (Direct) | 0.24% | 0.00% |
| Total expense ratio (Regular) | 1.04% | Not available |
| Base expense ratio (Regular) | 0.80% | 0.13% |
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 UTI - Nifty Next 50 Exchange Traded Fund: Frequently Asked Questions
What is the difference between DSP Nifty Next 50 Index Fund and UTI - Nifty Next 50 Exchange Traded Fund?
DSP Nifty Next 50 Index Fund is an Index fund, UTI - Nifty Next 50 Exchange Traded Fund is an Index fund, run by DSP Mutual Fund and UTI Mutual Fund. Their portfolios overlap 99.9%.
Which has given higher returns, DSP Nifty Next 50 Index Fund or UTI - Nifty Next 50 Exchange Traded Fund?
Over 1 year: DSP Nifty Next 50 Index Fund −2.78%, UTI - Nifty Next 50 Exchange Traded Fund −2.53%. Over 3 years: DSP Nifty Next 50 Index Fund +16.09% a year, UTI - Nifty Next 50 Exchange Traded Fund +16.46% a year. Over 5 years: DSP Nifty Next 50 Index Fund +10.61% a year, UTI - Nifty Next 50 Exchange Traded Fund +10.85% a year. As on 30-10-2026. Past returns do not promise future returns.
How much do DSP Nifty Next 50 Index Fund and UTI - Nifty Next 50 Exchange Traded Fund overlap?
99.9%. They hold 50 of the same securities, the largest shared ones being DIVISLAB, TVSMOTOR, HAL. From each fund's latest monthly portfolio.
Which is riskier, DSP Nifty Next 50 Index Fund or UTI - Nifty Next 50 Exchange Traded Fund?
On SEBI's riskometer, DSP Nifty Next 50 Index Fund is rated Very High and UTI - Nifty Next 50 Exchange Traded Fund Very High. Over 3 years, the standard deviation of daily returns was 18.32% and 18.41% a year.
Which is better for SIP, DSP Nifty Next 50 Index Fund or UTI - Nifty Next 50 Exchange Traded Fund?
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 ₹7,98,109 in UTI - Nifty Next 50 Exchange Traded Fund (XIRR 10.5% 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 UTI - Nifty Next 50 Exchange Traded Fund?
Yes. 99.9% 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 Next 50 Index Fund and UTI - Nifty Next 50 Exchange Traded Fund?
DSP Nifty Next 50 Index Fund: Anil Ghelani, Diipesh Shah, Neha Rathi. UTI - Nifty Next 50 Exchange Traded Fund: Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3.
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.