DSP Nifty Smallcap 250 ETF vs HDFC NIFTY Smallcap 250 ETF

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

DSP Nifty Smallcap 250 ETF is an ETF fund and HDFC NIFTY Smallcap 250 ETF is an ETF fund. DSP Nifty Smallcap 250 ETF charges 0.31% a year and HDFC NIFTY Smallcap 250 ETF 0.32%. Their portfolios overlap 97.8%: they hold 249 of the same securities.

DSP Nifty Smallcap 250 ETF

ETF

Expense ratio: 0.31%
NAV: ₹16.88

See DSP Nifty Smallcap 250 ETF

HDFC NIFTY Smallcap 250 ETF

ETF

Expense ratio: 0.32%
NAV: ₹168.79

See HDFC NIFTY Smallcap 250 ETF

Which is better, DSP Nifty Smallcap 250 ETF or HDFC NIFTY Smallcap 250 ETF? 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 Smallcap 250 ETF costs less: 0.31% a year against 0.32%.
DSP Nifty Smallcap 250 ETF fell less in its worst fall since 12-12-2025: −15.4% against −15.5%.
HDFC NIFTY Smallcap 250 ETF is the larger fund: ₹2,708 Cr against ₹8 Cr.
Their portfolios overlap 97.8%: 249 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 Smallcap 250 ETF
+3.0%
HDFC NIFTY Smallcap 250 ETF
+2.3%

Change in NAV from 12-12-2025 to 30-10-2026

−10%0%+10%+20%

Key facts

From each fund's scheme summary document and AMFI

Fact	DSP Nifty Smallcap 250 ETF	HDFC NIFTY Smallcap 250 ETF
Fund house	DSP Mutual Fund	HDFC Mutual Fund
Category	ETF	ETF
AUM	₹8 Cr (30-09-2026)	₹2,708 Cr (30-09-2026)
NAV	₹16.88	₹168.79
Expense ratio (Direct)	Not available	Not available
Expense ratio (Regular)	Not available	Not available
Riskometer	Very High	Very High
Benchmark	Nifty Smallcap 250 TRI	Nifty Smallcap 250 TRI
Launch date	12-12-2025	15-02-2023
Minimum investment	₹5,000	On an On-going Basis: A. On the Stock Exchange: Investors (including Market Makers and Large Investors) can subscribe (buy) Units on a continuous basis on the Stock Exchanges, in minimum lot of 1 (one) unit and in multiples thereof. B. Directly with the F
Lock in	None	None
Fund managers	Anil Ghelani, Diipesh Shah, Neha Rathi	Abhishek Mor, Nandita Menezes, Arun Agarwal
Exit load	Nil	Not available

DSP Nifty Smallcap 250 ETF vs HDFC NIFTY Smallcap 250 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 Smallcap 250 ETF	−5.78%	−5.90%	+0.71%	--	--	--	--
HDFC NIFTY Smallcap 250 ETF	−5.84%	−6.11%	+0.28%	−3.65%	+11.85%	--	--

DSP Nifty Smallcap 250 ETF vs HDFC NIFTY Smallcap 250 ETF: Year-wise Returns

Year	DSPDSP Nifty Smallcap 250 ETF	HDFCHDFC NIFTY Smallcap 250 ETF	Nifty Smallcap 250 TRI
2026to date	+1.24%	+0.52%	+1.00%
2025	--	−5.79%	−5.48%
2024	--	+26.59%	+27.21%

DSP Nifty Smallcap 250 ETF vs HDFC NIFTY Smallcap 250 ETF: Rolling Returns

Every holding period of both funds, against Nifty Smallcap 250 TRI, the benchmark of both

DSP Nifty Smallcap 250 ETF vs HDFC NIFTY Smallcap 250 ETF: Risk and Drawdowns

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

Risk and return

Measure	DSP Nifty Smallcap 250 ETF	HDFC NIFTY Smallcap 250 ETF
Return (CAGR)	+3.44%	+18.07%
Standard deviation	18.72%	17.99%
Sharpe ratio	-0.10	0.66
Sortino ratio	-0.13	0.87
Maximum drawdown	−15.4% (23-03-2026)	−26.1% (03-03-2025)
Beta	1.00	1.00
Alpha	+0.28%	−0.52%

From daily NAVs, 12-12-2025 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.

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.

−20%−15%−10%−5%0%

2026

DSP Nifty Smallcap 250 ETFHDFC NIFTY Smallcap 250 ETFNifty Smallcap 250 TRI

Fund	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
DSP Nifty Smallcap 250 ETF	−15.4%	05-01-2026	23-03-2026	29-04-2026	37 days	−9.4%
HDFC NIFTY Smallcap 250 ETF	−15.5%	05-01-2026	23-03-2026	04-05-2026	42 days	−9.7%
Nifty Smallcap 250 TRI	−15.4%	05-01-2026	23-03-2026	04-05-2026	42 days	−9.4%

From daily values since 12-12-2025, the first day every fund has.

DSP Nifty Smallcap 250 ETF vs HDFC NIFTY Smallcap 250 ETF: Portfolio Overlap

From each fund's latest monthly portfolio: DSP Nifty Smallcap 250 ETF, September 2026; HDFC NIFTY Smallcap 250 ETF, September 2026

Holdings in common

Overlap: 97.8%
Held by both: 249
Only in DSP Nifty Smallcap 250 ETF: 1
Only in HDFC NIFTY Smallcap 250 ETF: 1

Security	% of DSP Nifty Smallcap 250 ETF	% of HDFC NIFTY Smallcap 250 ETF
Sona Blw Precision Forgings Limited	1.67%	1.67%
Welspun Corp Limited	1.59%	1.60%
Karur Vysya Bank Limited	1.37%	1.37%
Navin Fluorine International Limited	1.36%	1.36%
Ather Energy Limited	1.21%	1.21%
RBL Bank Limited	1.12%	1.12%
Delhivery Limited	1.11%	1.10%
Redington Limited	1.08%	1.08%
HFCL Limited	1.04%	1.03%
Gland Pharma Limited	1.03%	1.04%
Brookfield India Real Estate Trust	1.01%	1.01%
Central Depository Services (India) Limited	1.01%	1.01%
City Union Bank Limited	0.97%	0.98%
Cupid Limited	0.94%	0.94%
Sai Life Sciences Limited	0.94%	0.94%
PNB Housing Finance Limited	0.94%	0.94%
Sansera Engineering Limited	0.90%	0.90%
Krishna Institute Of Medical Sciences Limited	0.89%	0.89%
Anand Rathi Wealth Limited	0.87%	0.87%
Kirloskar Oil Engines Limited	0.86%	0.86%
Neuland Laboratories Limited	0.83%	0.82%
TD Power Systems Limited	0.80%	0.80%
Angel One Limited	0.80%	0.80%
Bandhan Bank Limited	0.79%	0.79%
Wockhardt Limited	0.78%	0.78%
Aegis Logistics Limited	0.78%	0.78%
Manappuram Finance Limited	0.78%	0.78%
Acutaas Chemicals Limited	0.76%	0.76%
Computer Age Management Services Limited	0.72%	0.72%
Himadri Speciality Chemical Limited	0.71%	0.72%
Poonawalla Fincorp Limited	0.71%	0.71%
Craftsman Automation Limited	0.71%	0.70%
Kalpataru Projects International Limited	0.70%	0.70%
Great Eastern Shipping Co Limited	0.69%	0.69%
Dr. Lal Path Labs Limited	0.69%	0.69%
Carborundum Universal Limited	0.65%	0.65%
Amber Enterprises India Limited	0.65%	0.65%
IIFL Finance Limited	0.63%	0.63%
Syrma SGS Technology Limited	0.62%	0.62%
Cholamandalam Financial Holdings Limited	0.61%	0.62%
Crompton Greaves Consumer Electricals Limited	0.60%	0.60%
Nuvama Wealth Management Limited	0.60%	0.60%
Elgi Equipments Limited	0.59%	0.59%
PTC Industries Limited	0.59%	0.60%
Data Patterns India Limited	0.58%	0.58%
Apollo Tyres Limited	0.58%	0.59%
Piramal Pharma Limited	0.57%	0.57%
Granules India Limited	0.56%	0.56%
Star Health And Allied Insurance Co Limited	0.56%	0.56%
CarTrade Tech Limited	0.55%	0.56%
Onesource Specialty Pharma Limited	0.54%	0.54%
Tata Technologies Limited	0.54%	0.54%
Asahi India Glass Limited	0.52%	0.52%
Kfin Technologies Limited	0.50%	0.50%
Timken India Limited	0.50%	0.50%
Finolex Cables Limited	0.49%	0.49%
Kaynes Technology India Limited	0.49%	0.49%
The Ramco Cements Limited	0.48%	0.48%
Home First Finance Co India Limited	0.48%	0.48%
Tata Elxsi Limited	0.48%	0.48%
Brigade Enterprises Limited	0.48%	0.48%
Sammaan Capital Limited	0.47%	0.47%
Deepak Nitrite Limited	0.47%	0.47%
ZF Commercial Vehicle Control Systems India Limited	0.47%	0.48%
Aditya Infotech Limited	0.47%	0.47%
Indraprastha Gas Limited	0.46%	0.46%
Five-Star Business Finance Limited	0.45%	0.45%
Kajaria Ceramics Limited	0.45%	0.45%
Sagility Limited	0.44%	0.44%
Awl Agri Business Limited	0.44%	0.44%
Aarti Industries Limited	0.44%	0.44%
Affle 3i Limited	0.43%	0.43%
Tata Chemicals Limited	0.43%	0.43%
Pine Labs Limited	0.43%	0.43%
Castrol India Limited	0.43%	0.43%
Capri Global Capital Limited	0.43%	0.43%
Atul Limited	0.42%	0.42%
Inventurus Knowledge Solutions Limited	0.41%	0.41%
Usha Martin Limited	0.41%	0.41%
Anant Raj Limited	0.41%	0.41%
Deepak Fertilizers and Petrochemicals Corporation Limited	0.41%	0.41%
Amara Raja Energy And Mobility Limited	0.41%	0.41%
Netweb Technologies India Limited	0.40%	0.40%
PVR Inox Limited	0.40%	0.40%
HBL Engineering Limited	0.40%	0.40%
Acme Solar Holdings Limited	0.40%	0.40%
Belrise Industries Limited	0.40%	0.41%
Jyoti CNC Automation Limited	0.40%	0.40%
Motherson Sumi Wiring India Limited	0.39%	0.39%
Indian Energy Exchange Limited	0.38%	0.38%
Azad Engineering Limited	0.38%	0.38%
Ola Electric Mobility Limited	0.38%	0.38%
Cyient Limited	0.38%	0.39%
CESC Limited	0.38%	0.38%
Engineers India Limited	0.38%	0.38%
KPIT Technologies Limited	0.37%	0.37%
Force Motors Limited	0.37%	0.37%
Spr Auto Technologies Limited	0.37%	0.37%
R R Kabel Limited	0.37%	0.37%
Aptus Value Housing Finance India Limited	0.37%	0.37%
NBCC (India) Limited	0.36%	0.36%
Emcure Pharmaceuticals Limited	0.36%	0.36%
PG Electroplast Limited	0.36%	0.36%
Firstsource Solutions Limited	0.36%	0.36%
Gabriel India Limited	0.35%	0.35%
Nava Limited	0.35%	0.35%
Balrampur Chini Mills Limited	0.34%	0.34%
BEML Limited	0.34%	0.34%
Shyam Metalics And Energy Limited	0.34%	0.34%
Zen Technologies Limited	0.33%	0.33%
Jaiprakash Power Ventures Limited	0.33%	0.33%
Aditya Birla Sun Life AMC Limited	0.33%	0.33%
Emami Limited	0.33%	0.33%
eClerx Services Limited	0.33%	0.33%
Natco Pharma Limited	0.33%	0.33%
ACC Limited	0.32%	0.32%
Cohance Lifesciences Limited	0.32%	0.32%
Physicswallah Limited	0.32%	0.33%
EID Parry India Limited	0.32%	0.32%
Welspun Living Limited	0.32%	0.32%
Ramkrishna Forgings Limited	0.32%	0.32%
CCL Products (India) Limited	0.32%	0.32%
Honeywell Automation India Limited	0.32%	0.33%
Vijaya Diagnostic Centre Limited	0.31%	0.32%
Chennai Petroleum Corporation Limited	0.31%	0.31%
Zee Entertainment Enterprises Limited	0.31%	0.31%
Syngene International Limited	0.31%	0.31%
Creditaccess Grameen Limited	0.31%	0.31%
IRB Infrastructure Developers Limited	0.31%	0.31%
Schneider Electric Infrastructure Limited	0.31%	0.32%
Inox Wind Limited	0.30%	0.30%
Paradeep Phosphates Limited	0.30%	0.30%
CEAT Limited	0.30%	0.31%
Cemindia Projects Limited	0.30%	0.30%
Whirlpool Of India Limited	0.30%	0.30%
Honasa Consumer Limited	0.29%	0.29%
Poly Medicure Limited	0.29%	0.29%
Jindal Saw Limited	0.29%	0.29%
Garden Reach Shipbuilders & Engineers Limited	0.29%	0.29%
Titagarh Rail Systems Limited	0.29%	0.29%
Rainbow Childrens Medicare Limited	0.29%	0.29%
Choice International Limited	0.28%	0.28%
Triveni Turbine Limited	0.28%	0.28%
The Jammu & Kashmir Bank Limited	0.28%	0.28%
Bagmane Prime Office REIT	0.28%	0.28%
Mahanagar Gas Limited	0.27%	0.27%
Aditya Birla Real Estate Limited	0.27%	0.27%
Chambal Fertilizers & Chemicals Limited	0.27%	0.27%
Thangamayil Jewellery Limited	0.27%	0.27%
EIH Limited	0.27%	0.27%
Sun TV Network Limited	0.27%	0.27%
Can Fin Homes Limited	0.27%	0.27%
Sterlite Technologies Limited	0.26%	0.49%
Rubicon Research Limited	0.26%	0.26%
PCBL Chemical Limited	0.26%	0.26%
Reliance Power Limited	0.26%	0.26%
TBO Tek Limited	0.26%	0.26%
Aether Industries Limited	0.25%	0.25%
Jubilant Ingrevia Limited	0.25%	0.25%
Intellect Design Arena Limited	0.25%	0.25%
Gillette India Limited	0.25%	0.25%
Vedanta Power Limited	0.25%	0.25%
Vedanta Oil And Gas Limited	0.25%	0.25%
LT Foods Limited	0.25%	0.25%
Minda Corporation Limited	0.25%	0.25%
Devyani International Limited	0.25%	0.25%
Canara HSBC Life Insurance Co Limited	0.24%	0.24%
Urban Co Limited	0.24%	0.25%
Godawari Power & Ispat Limited	0.24%	0.24%
Sumitomo Chemical India Limited	0.24%	0.24%
Caplin Point Laboratories Limited	0.24%	0.24%
Sobha Limited	0.24%	0.24%
Vardhman Textiles Limited	0.24%	0.24%
Tenneco Clean Air India Limited	0.23%	0.23%
Techno Electric & Engineering Co Limited	0.23%	0.23%
Graphite India Limited	0.23%	0.23%
Central Bank of India	0.23%	0.23%
Action Construction Equipment Limited	0.23%	0.23%
NCC Limited	0.23%	0.23%
Lemon Tree Hotels Limited	0.23%	0.23%
Aavas Financiers Limited	0.22%	0.22%
KEC International Limited	0.22%	0.22%
Zensar Technologies Limited	0.22%	0.22%
CIE Automotive India Limited	0.22%	0.22%
Zydus Wellness Limited	0.22%	0.22%
JM Financial Limited	0.22%	0.22%
Indiamart Intermesh Limited	0.22%	0.22%
IDBI Bank Limited	0.21%	0.21%
IFCI Limited	0.21%	0.21%
NMDC Steel Limited	0.21%	0.21%
Olectra Greentech Limited	0.21%	0.21%
Doms Industries Limited	0.21%	0.21%
Inox India Limited	0.21%	0.21%
Aadhar Housing Finance Limited	0.21%	0.21%
Privi Speciality Chemicals Limited	0.21%	0.21%
Gravita India Limited	0.20%	0.21%
Shipping Corporation of India Limited	0.20%	0.20%
Emmvee Photovoltaic Power Limited	0.20%	0.20%
Concord Biotech Limited	0.20%	0.20%
Sarda Energy & Minerals Limited	0.20%	0.20%
Kirloskar Brothers Limited	0.20%	0.20%
Birlasoft Limited	0.20%	0.20%
KSB Limited	0.20%	0.20%
SJVN Limited	0.19%	0.19%
Aegis Vopak Terminals Limited	0.19%	0.19%
Gujarat Mineral Development Corporation Limited	0.19%	0.19%
JK Tyre & Industries Limited	0.19%	0.19%
Tejas Networks Limited	0.18%	0.18%
Brainbees Solutions Limited	0.18%	0.18%
Bata India Limited	0.18%	0.18%
Elecon Engineering Co Limited	0.18%	0.18%
The New India Assurance Co Limited	0.18%	0.18%
Clean Max Enviro Energy Solutions Limited	0.18%	0.18%
UTI Asset Management Co Limited	0.17%	0.17%
Afcons Infrastructure Limited	0.17%	0.17%
Clean Science And Technology Limited	0.17%	0.17%
Allied Blenders And Distillers Limited	0.17%	0.17%
Swan Corp Limited	0.17%	0.18%
Black Box Limited	0.17%	0.17%
IRCON International Limited	0.17%	0.17%
Tega Industries Limited	0.16%	0.16%
Fractal Analytics Limited	0.16%	0.16%
JSW Cement Limited	0.16%	0.16%
Anupam Rasayan India Limited	0.16%	0.16%
Nuvoco Vistas Corporation Limited	0.15%	0.15%
International Gemological Institute Limited	0.14%	0.14%
Jupiter Wagons Limited	0.14%	0.14%
Prime Focus Limited	0.14%	0.14%
Trident Limited	0.13%	0.13%
Mangalore Refinery & Petrochemicals Limited	0.13%	0.13%
Rites Limited	0.13%	0.13%
Transformers And Rectifiers India Limited	0.13%	0.13%
Avanti Feeds Limited	0.13%	0.13%
Signatureglobal (India) Limited	0.13%	0.13%
BLS International Services Limited	0.12%	0.12%
UCO Bank	0.12%	0.12%
ITI Limited	0.11%	0.11%
Rhi Magnesita India Limited	0.11%	0.11%
Central Mine Planning & Design Institute Limited	0.10%	0.10%
Railtel Corporation Of India Limited	0.10%	0.10%
Vedanta Iron And Steel Limited	0.10%	0.23%
JBM Auto Limited	0.10%	0.10%
Jain Resource Recycling Limited	0.09%	0.09%
The India Cements Limited	0.09%	0.09%
Tata Teleservices Maharashtra Limited	0.08%	0.08%
Heg Advanced Materials Limited	0.08%	0.08%
Bharat Coking Coal Limited	0.07%	0.07%
Gallantt Ispat Limited	0.07%	0.07%
MMTC Limited	0.04%	0.04%

Overlap: for each holding both funds own, the smaller of its two weights, added up. 97.8% means 97.8% 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 Smallcap 250 ETF

Security	% of fund
Heg Graphite Limited	0.18%

Largest holdings only in HDFC NIFTY Smallcap 250 ETF

Security	% of fund
MTAR Technologies Limited	0.69%

Asset and sector split

Share of each fund, from its latest monthly portfolio

Asset allocation

Asset	DSP Nifty Smallcap 250 ETF	HDFC NIFTY Smallcap 250 ETF
Equity	96.8%	97.8%
Debt	0.0%	0.0%
Cash and others	3.2%	2.2%

Market cap of stocks

Market cap	DSP Nifty Smallcap 250 ETF	HDFC NIFTY Smallcap 250 ETF
Large Cap	0.0%	0.0%
Mid Cap	2.7%	2.7%
Small Cap	93.1%	94.3%
Not on AMFI's list	1.0%	0.8%

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 Smallcap 250 ETF	HDFC NIFTY Smallcap 250 ETF
Industrial Products	8.6%	8.4%
Auto Components	8.4%	8.4%
Pharmaceuticals & Biotechnology	7.7%	7.7%
Finance	7.6%	7.6%
Chemicals & Petrochemicals	5.7%	5.7%
Capital Markets	5.4%	5.4%

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

DSP Nifty Smallcap 250 ETF vs HDFC NIFTY Smallcap 250 ETF: Expense Ratio

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

Charge	DSP Nifty Smallcap 250 ETF	HDFC NIFTY Smallcap 250 ETF
Base expense ratio (Direct)	0.17%	0.00%
Base expense ratio (Regular)	0.00%	0.21%

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 Smallcap 250 ETF vs HDFC NIFTY Smallcap 250 ETF: Frequently Asked Questions

What is the difference between DSP Nifty Smallcap 250 ETF and HDFC NIFTY Smallcap 250 ETF?

DSP Nifty Smallcap 250 ETF is an ETF fund, HDFC NIFTY Smallcap 250 ETF is an ETF fund, run by DSP Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 97.8%. DSP Nifty Smallcap 250 ETF charges 0.31% a year and HDFC NIFTY Smallcap 250 ETF 0.32%.

Which has the lower expense ratio, DSP Nifty Smallcap 250 ETF or HDFC NIFTY Smallcap 250 ETF?

DSP Nifty Smallcap 250 ETF charges less: 0.31% a year against 0.32%. These are the total expense ratios reported to AMFI.

How much do DSP Nifty Smallcap 250 ETF and HDFC NIFTY Smallcap 250 ETF overlap?

97.8%. They hold 249 of the same securities, the largest shared ones being SONACOMS, WELCORP, KARURVYSYA. From each fund's latest monthly portfolio.

Which is riskier, DSP Nifty Smallcap 250 ETF or HDFC NIFTY Smallcap 250 ETF?

On SEBI's riskometer, DSP Nifty Smallcap 250 ETF is rated Very High and HDFC NIFTY Smallcap 250 ETF Very High. Over their common history, the standard deviation of daily returns was 18.72% and 17.99% a year.

Can I invest in both DSP Nifty Smallcap 250 ETF and HDFC NIFTY Smallcap 250 ETF?

Yes. 97.8% 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 Smallcap 250 ETF and HDFC NIFTY Smallcap 250 ETF?

DSP Nifty Smallcap 250 ETF: Anil Ghelani, Diipesh Shah, Neha Rathi. HDFC NIFTY Smallcap 250 ETF: Abhishek Mor, Nandita Menezes, Arun Agarwal.

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.