DSP Nifty Private Bank ETF vs Groww Nifty Private Bank Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
DSP Nifty Private Bank ETF is an ETF fund and Groww Nifty Private Bank Index Fund is an Index fund. DSP Nifty Private Bank ETF charges 0.18% a year and Groww Nifty Private Bank Index Fund 1.10%. Their portfolios overlap 100.0%: they hold 10 of the same securities.
Groww Nifty Private Bank Index Fund
Index
- Expense ratio
- 1.10%
- NAV
- ₹10.07
Which is better, DSP Nifty Private Bank ETF or Groww Nifty Private Bank 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 Private Bank ETF costs less: 0.18% a year against 1.10%.
- DSP Nifty Private Bank ETF fell less in its worst fall since 27-05-2026: −7.0% against −7.1%.
- DSP Nifty Private Bank ETF is the larger fund: ₹748 Cr against ₹6 Cr.
- Their portfolios overlap 100.0%: 10 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 Private Bank ETF | Groww Nifty Private Bank Index Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | Groww Mutual Fund |
| Category | ETF | Index |
| AUM | ₹748 Cr (30-09-2026) | ₹6 Cr (30-09-2026) |
| NAV | ₹27.52 | ₹10.07 (Direct) |
| Expense ratio (Direct) | Not available | 1.10% |
| Expense ratio (Regular) | Not available | 1.77% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Private Bank TRI | Nifty Private Bank TRI |
| Launch date | 27-07-2023 | 25-05-2026 |
| Minimum investment | ₹5,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Anil Ghelani, Diipesh Shah, Neha Rathi | Aakash Chauhan, Nikhil Satam, Shashi Kumar |
| Exit load | Nil | Nil |
DSP Nifty Private Bank ETF vs Groww Nifty Private Bank 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 Private Bank ETF | +1.33% | −1.46% | +3.50% | −3.84% | +7.10% | -- | -- |
| Groww Nifty Private Bank Index Fund (Direct) | +1.24% | −1.63% | -- | -- | -- | -- | -- |
DSP Nifty Private Bank ETF vs Groww Nifty Private Bank Index: Year-wise Returns
| Year | DSP Nifty Private Bank ETFDSP Nifty Private Bank ETF | Groww Nifty Private Bank IndexGroww Nifty Private Bank Index | Nifty Private Bank TRI |
|---|---|---|---|
| 2026to date | −5.34% | -- | −5.24% |
| 2025 | +16.38% | -- | +16.55% |
| 2024 | +0.19% | -- | +0.41% |
DSP Nifty Private Bank ETF vs Groww Nifty Private Bank Index: Rolling Returns
Every holding period of both funds, against Nifty Private Bank TRI, the benchmark of both
DSP Nifty Private Bank ETF vs Groww Nifty Private Bank Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP Nifty Private Bank ETF | Groww Nifty Private Bank Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.14% | +4.23% |
| Standard deviation | 15.64% | 14.43% |
| Sharpe ratio | -0.06 | -0.07 |
| Sortino ratio | -0.09 | -0.10 |
| Maximum drawdown | −17.3% (31-03-2026) | −7.1% (29-09-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.15% | −0.92% |
From daily NAVs, 27-07-2023 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.
DSP Nifty Private Bank ETF
Groww Nifty Private Bank Index Fund (Direct)
Nifty Private Bank TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP Nifty Private Bank ETF | −7.0% | 17-07-2026 | 29-09-2026 | Not yet | -- | −4.9% |
| Groww Nifty Private Bank Index Fund (Direct) | −7.1% | 17-07-2026 | 29-09-2026 | Not yet | -- | −5.1% |
| Nifty Private Bank TRI | −7.0% | 17-07-2026 | 29-09-2026 | Not yet | -- | −4.9% |
From daily values since 27-05-2026, the first day every fund has.
DSP Nifty Private Bank ETF vs Groww Nifty Private Bank Index: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Nifty Private Bank ETF, September 2026; Groww Nifty Private Bank Index Fund, September 2026
Holdings in common
- Overlap
- 100.0%
- Held by both
- 10
- Only in DSP Nifty Private Bank ETF
- 0
- Only in Groww Nifty Private Bank Index
- 0
| Security | % of DSP Nifty Private Bank ETF | % of Groww Nifty Private Bank Index |
|---|---|---|
| ICICI Bank Limited | 21.53% | 21.56% |
| HDFC Bank Limited | 20.82% | 20.85% |
| Kotak Mahindra Bank Limited | 19.84% | 19.87% |
| Axis Bank Limited | 19.27% | 19.30% |
| Federal Bank Limited | 5.35% | 5.36% |
| IndusInd Bank Limited | 4.05% | 4.06% |
| IDFC First Bank Limited | 3.69% | 3.70% |
| Yes Bank Limited | 2.51% | 2.52% |
| RBL Bank Limited | 1.71% | 1.71% |
| Bandhan Bank Limited | 1.20% | 1.20% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 100.0% means 100.0% 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 Private Bank ETF
Every holding of this fund is also held by the other.
Largest holdings only in Groww Nifty Private Bank 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 Private Bank ETF | Groww Nifty Private Bank Index |
|---|---|---|
| Equity | 100.0% | 100.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | -0.1% |
Market cap of stocks
| Market cap | DSP Nifty Private Bank ETF | Groww Nifty Private Bank Index |
|---|---|---|
| Large Cap | 81.5% | 81.6% |
| Mid Cap | 15.6% | 15.6% |
| Small Cap | 2.9% | 2.9% |
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 Private Bank ETF | Groww Nifty Private Bank Index |
|---|---|---|
| Banks | 100.0% | 100.1% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Nifty Private Bank ETF vs Groww Nifty Private Bank Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Nifty Private Bank ETF | Groww Nifty Private Bank Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.10% |
| Base expense ratio (Direct) | 0.13% | 0.31% |
| Total expense ratio (Regular) | Not available | 1.77% |
| Base expense ratio (Regular) | 0.00% | 0.90% |
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 Private Bank ETF vs Groww Nifty Private Bank Index Fund: Frequently Asked Questions
What is the difference between DSP Nifty Private Bank ETF and Groww Nifty Private Bank Index Fund?
DSP Nifty Private Bank ETF is an ETF fund, Groww Nifty Private Bank Index Fund is an Index fund, run by DSP Mutual Fund and Groww Mutual Fund. Their portfolios overlap 100.0%. DSP Nifty Private Bank ETF charges 0.18% a year and Groww Nifty Private Bank Index Fund 1.10%.
Which has the lower expense ratio, DSP Nifty Private Bank ETF or Groww Nifty Private Bank Index Fund?
DSP Nifty Private Bank ETF charges less: 0.18% a year against 1.10%. These are the total expense ratios reported to AMFI.
How much do DSP Nifty Private Bank ETF and Groww Nifty Private Bank Index Fund overlap?
100.0%. They hold 10 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, KOTAKBANK. From each fund's latest monthly portfolio.
Which is riskier, DSP Nifty Private Bank ETF or Groww Nifty Private Bank Index Fund?
On SEBI's riskometer, DSP Nifty Private Bank ETF is rated Very High and Groww Nifty Private Bank Index Fund Very High. Over their common history, the standard deviation of daily returns was 15.64% and 14.43% a year.
Can I invest in both DSP Nifty Private Bank ETF and Groww Nifty Private Bank Index Fund?
Yes. 100.0% 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 Private Bank ETF and Groww Nifty Private Bank Index Fund?
DSP Nifty Private Bank ETF: Anil Ghelani, Diipesh Shah, Neha Rathi. Groww Nifty Private Bank Index Fund: Aakash Chauhan, Nikhil Satam, Shashi Kumar.
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.