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    DSP Nifty Next 50 Index Fund vs UTI - Nifty Next 50 Index 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 Index 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 Index Fund (Direct) returned 16.1% a year. DSP Nifty Next 50 Index Fund charges 0.39% a year and UTI - Nifty Next 50 Index Fund 0.46% (Direct plans). 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
    See DSP Nifty Next 50 Index Fund

    UTI - Nifty Next 50 Index Fund

    Index

    3 year return
    16.1%
    Expense ratio
    0.46%
    NAV
    ₹25.18
    See UTI - Nifty Next 50 Index Fund

    Which is better, DSP Nifty Next 50 Index or UTI - Nifty Next 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 Next 50 Index returned more over 5 years: 10.6% a year against 10.6%.
    • UTI - Nifty Next 50 Index returned more over 3 years: 16.1% a year against 16.1%.
    • DSP Nifty Next 50 Index costs less: 0.39% a year against 0.46% (Direct plans).
    • 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 −36.3%.
    • UTI - Nifty Next 50 Index is the larger fund: ₹7,295 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

    FactDSP Nifty Next 50 Index FundUTI - Nifty Next 50 Index Fund
    Fund houseDSP Mutual FundUTI Mutual Fund
    CategoryIndexIndex
    AUM₹1,350 Cr (30-09-2026)₹7,295 Cr (30-09-2026)
    NAV₹26.89 (Direct)₹25.18 (Direct)
    Expense ratio (Direct)0.39%0.46%
    Expense ratio (Regular)1.04%0.91%
    RiskometerVery HighVery High
    BenchmarkNifty Next 50 TRINifty Next 50 TRI
    Launch date21-02-201928-06-2018
    Minimum investment₹100Regular Plan-Growth- Rs.1000, Direct Plan-Growth- Rs.1000
    Lock inNoneNone
    Fund managersAnil Ghelani, Diipesh Shah, Neha RathiSharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3
    Exit loadNilNil

    DSP Nifty Next 50 Index vs UTI - Nifty Next 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.

    Fund1M3M6M1Y3Y5Y10Y
    DSP Nifty Next 50 Index Fund (Direct)−2.88%−6.60%−2.38%−2.78%+16.09%+10.61%--
    UTI - Nifty Next 50 Index Fund (Direct)−2.88%−6.66%−2.43%−2.78%+16.15%+10.57%--

    DSP Nifty Next 50 Index vs UTI - Nifty Next 50 Index: Year-wise Returns

    YearDSPDSP Nifty Next 50 IndexUTI -UTI - Nifty Next 50 IndexNifty Next 50 TRI
    2026to date−1.79%−1.78%−1.53%
    2025+2.71%+2.61%+2.90%
    2024+27.58%+27.90%+28.37%
    2023+27.06%+26.78%+27.24%
    2022+0.69%+0.56%+0.96%
    2021+30.21%+30.27%+30.87%

    DSP Nifty Next 50 Index vs UTI - Nifty Next 50 Index: 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.

    0%5%10%15%20%25%30%
    Jul 2019
    to
    Jul 2022    Apr 2020
    to
    Apr 2023    Feb 2021
    to
    Feb 2024    Nov 2021
    to
    Nov 2024    Sept 2022
    to
    Sept 2025    Jun 2023
    to
    Jun 2026
    DSP Nifty Next 50 Index Fund (Direct)UTI - Nifty Next 50 Index Fund (Direct)Nifty Next 50 TRI

    How the periods spread

    FundBelow 0%0-5%5-10%10-15%15-20%20-25%Above 25%MeanMedianLowestHighestBeat benchmark
    DSP Nifty Next 50 Index0.00.00.316.654.828.20.218.2%18.4%9.6%26.9%0%
    UTI - Nifty Next 50 Index0.00.00.114.757.527.60.218.2%18.4%9.9%27.4%0%
    Nifty Next 50 TRI0.00.00.012.353.633.80.318.7%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 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

    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.

    InvestmentInvestedValue nowGainReturn 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 IndexUTI - Nifty Next 50 Index Fund (Direct) ₹9,30,000 ₹15,69,364 ₹6,39,364 13.2%
    ₹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)UTI - Nifty Next 50 IndexUTI - Nifty Next 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 Next 50 Index vs UTI - Nifty Next 50 Index: Risk and Drawdowns

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

    Risk and return

    MeasureDSP Nifty Next 50 Index Fund (Direct)UTI - Nifty Next 50 Index Fund (Direct)
    Return (CAGR)+16.09%+16.15%
    Standard deviation18.32%18.35%
    Sharpe ratio0.550.55
    Sortino ratio0.730.74
    Maximum drawdown−26.6% (28-02-2025)−26.4% (28-02-2025)
    Beta1.001.00
    Alpha−0.41%−0.36%

    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.

    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)UTI - Nifty Next 50 Index Fund (Direct)Nifty Next 50 TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    DSP Nifty Next 50 Index Fund (Direct)−36.0%24-01-202023-03-202013-11-20208 months−11.9%
    UTI - Nifty Next 50 Index Fund (Direct)−36.3%24-01-202023-03-202012-11-20208 months−11.8%
    Nifty Next 50 TRI−36.2%24-01-202023-03-202012-11-20208 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)UTI - Nifty Next 50 Index Fund (Direct)Nifty Next 50 TRI

    Against Nifty Next 50 TRI

    FundUp captureDown captureTracking error
    DSP Nifty Next 50 Index Fund (Direct)99%101%0.38%
    UTI - Nifty Next 50 Index Fund (Direct)99%100%0.11%

    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 Index: Portfolio Overlap

    From each fund's latest monthly portfolio: DSP Nifty Next 50 Index Fund, September 2026; UTI - Nifty Next 50 Index 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 Index
    0
    Security% of DSP Nifty Next 50 Index% of UTI - Nifty Next 50 Index
    Divi's Laboratories Limited4.83%4.84%
    TVS Motor Co Limited3.95%3.95%
    Hindustan Aeronautics Limited3.62%3.63%
    Tata Motors Limited3.61%3.61%
    Adani Power Limited3.47%3.48%
    Samvardhana Motherson International Limited2.95%2.95%
    Torrent Pharmaceuticals Limited2.89%2.89%
    Cholamandalam Investment and Finance Co Limited2.88%2.88%
    Vedanta Aluminium Metal Limited2.86%2.87%
    Cummins India Limited2.63%2.63%

    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 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

    AssetDSP Nifty Next 50 IndexUTI - Nifty Next 50 Index
    Equity99.9%100.0%
    Debt0.0%0.0%
    Cash and others0.1%-0.0%

    Market cap of stocks

    Market capDSP Nifty Next 50 IndexUTI - Nifty Next 50 Index
    Large Cap95.3%95.4%
    Mid Cap4.7%4.7%
    Small Cap0.0%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

    SectorDSP Nifty Next 50 IndexUTI - Nifty Next 50 Index
    Power9.4%9.5%
    Finance9.4%9.5%
    Pharmaceuticals & Biotechnology8.9%8.9%
    Electrical Equipment8.0%8.0%
    Banks6.3%6.3%
    Automobiles5.1%5.1%

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

    DSP Nifty Next 50 Index vs UTI - Nifty Next 50 Index: Expense Ratio

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

    ChargeDSP Nifty Next 50 Index FundUTI - Nifty Next 50 Index Fund
    Total expense ratio (Direct)0.39%0.46%
    Base expense ratio (Direct)0.24%0.31%
    Total expense ratio (Regular)1.04%0.91%
    Base expense ratio (Regular)0.80%0.70%

    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 Index Fund: Frequently Asked Questions

    What is the difference between DSP Nifty Next 50 Index Fund and UTI - Nifty Next 50 Index Fund?

    DSP Nifty Next 50 Index Fund is an Index fund, UTI - Nifty Next 50 Index Fund is an Index fund, run by DSP Mutual Fund and UTI Mutual Fund. Their portfolios overlap 99.9%. DSP Nifty Next 50 Index Fund charges 0.39% a year and UTI - Nifty Next 50 Index Fund 0.46%.

    Which has given higher returns, DSP Nifty Next 50 Index Fund or UTI - Nifty Next 50 Index Fund?

    Over 1 year: DSP Nifty Next 50 Index Fund −2.78%, UTI - Nifty Next 50 Index Fund −2.78%. Over 3 years: DSP Nifty Next 50 Index Fund +16.09% a year, UTI - Nifty Next 50 Index Fund +16.15% a year. Over 5 years: DSP Nifty Next 50 Index Fund +10.61% a year, UTI - Nifty Next 50 Index Fund +10.57% 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 UTI - Nifty Next 50 Index Fund?

    DSP Nifty Next 50 Index Fund charges less: 0.39% a year against 0.46%. These are the Direct plans' total expense ratios reported to AMFI.

    How much do DSP Nifty Next 50 Index Fund and UTI - Nifty Next 50 Index 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 Index Fund?

    On SEBI's riskometer, DSP Nifty Next 50 Index Fund is rated Very High and UTI - Nifty Next 50 Index Fund Very High. Over 3 years, the standard deviation of daily returns was 18.32% and 18.35% a year.

    Which is better for SIP, DSP Nifty Next 50 Index Fund or UTI - Nifty Next 50 Index 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 ₹7,92,159 in UTI - Nifty Next 50 Index Fund (XIRR 10.2% 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 Index 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 Index Fund?

    DSP Nifty Next 50 Index Fund: Anil Ghelani, Diipesh Shah, Neha Rathi. UTI - Nifty Next 50 Index 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.

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