DSP Nifty Smallcap 250 Index Fund vs Mirae Asset Nifty Smallcap 250 ETF

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

DSP Nifty Smallcap 250 Index Fund is an Index fund and Mirae Asset Nifty Smallcap 250 ETF is an ETF fund. DSP Nifty Smallcap 250 Index Fund charges 0.60% a year and Mirae Asset Nifty Smallcap 250 ETF 0.34%. Their portfolios overlap 97.3%: they hold 249 of the same securities.

DSP Nifty Smallcap 250 Index Fund

Index

Expense ratio: 0.60%
NAV: ₹10.30

See DSP Nifty Smallcap 250 Index Fund

Mirae Asset Nifty Smallcap 250 ETF

ETF

Expense ratio: 0.34%
NAV: ₹16.81

See Mirae Asset Nifty Smallcap 250 ETF

Which is better, DSP Nifty Smallcap 250 Index or Mirae Asset 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.

Mirae Asset Nifty Smallcap 250 ETF costs less: 0.34% a year against 0.60%.
Mirae Asset Nifty Smallcap 250 ETF fell less in its worst fall since 11-12-2025: −15.4% against −15.5%.
Mirae Asset Nifty Smallcap 250 ETF is the larger fund: ₹82 Cr against ₹18 Cr.
Their portfolios overlap 97.3%: 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 Index Fund (Direct)
+3.1%
Mirae Asset Nifty Smallcap 250 ETF
+3.4%

Change in NAV from 11-12-2025 to 30-10-2026

−10%0%+10%+20%

Key facts

From each fund's scheme summary document and AMFI

Fact	DSP Nifty Smallcap 250 Index Fund	Mirae Asset Nifty Smallcap 250 ETF
Fund house	DSP Mutual Fund	Mirae Asset Mutual Fund
Category	Index	ETF
AUM	₹18 Cr (30-09-2026)	₹82 Cr (30-09-2026)
NAV	₹10.30 (Direct)	₹16.81
Expense ratio (Direct)	0.60%	Not available
Expense ratio (Regular)	1.31%	Not available
Riskometer	Very High	Very High
Benchmark	Nifty Smallcap 250 TRI	Nifty Smallcap 250 TRI
Launch date	11-12-2025	07-11-2025
Minimum investment	₹100	On exchange in multiple of 1 unit. With AMC: In multiples of 5,000 units
Lock in	None	None
Fund managers	Anil Ghelani, Diipesh Shah, Neha Rathi	Ekta Gala, amp, Ritesh Patel
Exit load	Nil	NIL

DSP Nifty Smallcap 250 Index vs Mirae Asset 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 Index Fund (Direct)	−5.77%	−6.10%	+0.28%	--	--	--	--
Mirae Asset Nifty Smallcap 250 ETF	−5.79%	−6.00%	+0.42%	--	--	--	--

DSP Nifty Smallcap 250 Index vs Mirae Asset Nifty Smallcap 250 ETF: Year-wise Returns

Year	DSP Nifty Smallcap 250 IndexDSP Nifty Smallcap 250 Index	Mirae Asset Nifty Smallcap 250 ETFMirae Asset Nifty Smallcap 250 ETF	Nifty Smallcap 250 TRI
2026to date	+0.49%	+0.81%	+1.00%

DSP Nifty Smallcap 250 Index vs Mirae Asset 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 Index vs Mirae Asset 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 Index Fund (Direct)	Mirae Asset Nifty Smallcap 250 ETF
Return (CAGR)	+3.48%	−1.16%
Standard deviation	18.53%	18.27%
Sharpe ratio	-0.09	-0.35
Sortino ratio	-0.13	-0.48
Maximum drawdown	−15.5% (23-03-2026)	−17.2% (23-03-2026)
Beta	0.99	1.00
Alpha	−0.65%	−0.21%

From daily NAVs, 11-12-2025 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 Index Fund (Direct)Mirae Asset 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 Index Fund (Direct)	−15.5%	05-01-2026	23-03-2026	04-05-2026	42 days	−9.6%
Mirae Asset Nifty Smallcap 250 ETF	−15.4%	05-01-2026	23-03-2026	04-05-2026	42 days	−9.6%
Nifty Smallcap 250 TRI	−15.4%	05-01-2026	23-03-2026	04-05-2026	42 days	−9.4%

From daily values since 11-12-2025, the first day every fund has.

DSP Nifty Smallcap 250 Index vs Mirae Asset Nifty Smallcap 250 ETF: Portfolio Overlap

From each fund's latest monthly portfolio: DSP Nifty Smallcap 250 Index Fund, September 2026; Mirae Asset Nifty Smallcap 250 ETF, September 2026

Holdings in common

Overlap: 97.3%
Held by both: 249
Only in DSP Nifty Smallcap 250 Index: 0
Only in Mirae Asset Nifty Smallcap 250 ETF: 2

Security	% of DSP Nifty Smallcap 250 Index	% of Mirae Asset Nifty Smallcap 250 ETF
Sona Blw Precision Forgings Limited	1.66%	1.67%
Welspun Corp Limited	1.58%	1.59%
Karur Vysya Bank Limited	1.36%	1.37%
Navin Fluorine International Limited	1.35%	1.36%
Ather Energy Limited	1.20%	1.21%
RBL Bank Limited	1.11%	1.12%
Delhivery Limited	1.10%	1.10%
Redington Limited	1.08%	1.08%
Gland Pharma Limited	1.03%	1.03%
HFCL Limited	1.03%	1.03%
Brookfield India Real Estate Trust	1.00%	1.01%
Central Depository Services (India) Limited	1.00%	1.01%
City Union Bank Limited	0.97%	0.97%
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	0.89%	0.90%
Krishna Institute Of Medical Sciences Limited	0.89%	0.89%
Anand Rathi Wealth Limited	0.86%	0.87%
Kirloskar Oil Engines Limited	0.85%	0.86%
Neuland Laboratories Limited	0.82%	0.82%
TD Power Systems Limited	0.80%	0.80%
Angel One Limited	0.79%	0.80%
Wockhardt Limited	0.78%	0.78%
Bandhan Bank Limited	0.78%	0.79%
Aegis Logistics Limited	0.77%	0.78%
Manappuram Finance Limited	0.77%	0.78%
Acutaas Chemicals Limited	0.76%	0.76%
Computer Age Management Services Limited	0.72%	0.72%
Himadri Speciality Chemical Limited	0.71%	0.71%
Craftsman Automation Limited	0.70%	0.70%
Kalpataru Projects International Limited	0.70%	0.70%
Poonawalla Fincorp Limited	0.70%	0.71%
Great Eastern Shipping Co Limited	0.69%	0.69%
Dr. Lal Path Labs Limited	0.69%	0.69%
Amber Enterprises India Limited	0.65%	0.65%
Carborundum Universal Limited	0.64%	0.65%
IIFL Finance Limited	0.62%	0.63%
Syrma SGS Technology Limited	0.61%	0.62%
Cholamandalam Financial Holdings Limited	0.61%	0.61%
Crompton Greaves Consumer Electricals Limited	0.60%	0.60%
PTC Industries Limited	0.60%	0.60%
Nuvama Wealth Management Limited	0.59%	0.60%
Data Patterns India Limited	0.58%	0.58%
Elgi Equipments Limited	0.58%	0.59%
Apollo Tyres Limited	0.58%	0.58%
Piramal Pharma Limited	0.57%	0.57%
Star Health And Allied Insurance Co Limited	0.56%	0.56%
Granules India Limited	0.56%	0.56%
CarTrade Tech Limited	0.55%	0.56%
Tata Technologies Limited	0.54%	0.54%
Onesource Specialty Pharma Limited	0.53%	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%
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%
Tata Elxsi Limited	0.47%	0.48%
Brigade Enterprises Limited	0.47%	0.48%
Aditya Infotech Limited	0.47%	0.47%
Indraprastha Gas Limited	0.45%	0.46%
Kajaria Ceramics Limited	0.45%	0.45%
Five-Star Business Finance Limited	0.45%	0.45%
Awl Agri Business Limited	0.44%	0.44%
Aarti Industries Limited	0.44%	0.44%
Sagility Limited	0.44%	0.44%
Pine Labs Limited	0.43%	0.43%
Affle 3i Limited	0.43%	0.43%
Tata Chemicals Limited	0.43%	0.43%
Capri Global Capital Limited	0.43%	0.43%
Atul Limited	0.42%	0.42%
Castrol India Limited	0.42%	0.43%
Amara Raja Energy And Mobility Limited	0.41%	0.41%
Inventurus Knowledge Solutions Limited	0.41%	0.41%
Anant Raj Limited	0.41%	0.41%
Usha Martin Limited	0.41%	0.41%
Netweb Technologies India Limited	0.40%	0.40%
HBL Engineering Limited	0.40%	0.40%
Deepak Fertilizers and Petrochemicals Corporation Limited	0.40%	0.41%
Belrise Industries Limited	0.40%	0.41%
PVR Inox Limited	0.39%	0.40%
Acme Solar Holdings Limited	0.39%	0.40%
Jyoti CNC Automation Limited	0.39%	0.40%
Motherson Sumi Wiring India Limited	0.39%	0.39%
Indian Energy Exchange Limited	0.38%	0.38%
Cyient Limited	0.38%	0.39%
Engineers India Limited	0.38%	0.38%
Ola Electric Mobility Limited	0.38%	0.38%
CESC Limited	0.38%	0.38%
Azad Engineering Limited	0.37%	0.38%
KPIT Technologies Limited	0.37%	0.37%
R R Kabel Limited	0.37%	0.37%
Aptus Value Housing Finance India Limited	0.37%	0.37%
Spr Auto Technologies Limited	0.37%	0.37%
Force Motors Limited	0.37%	0.37%
NBCC (India) Limited	0.36%	0.36%
Emcure Pharmaceuticals Limited	0.36%	0.36%
Firstsource Solutions Limited	0.36%	0.36%
PG Electroplast Limited	0.36%	0.36%
Gabriel India Limited	0.35%	0.35%
Nava Limited	0.35%	0.35%
BEML Limited	0.34%	0.34%
Balrampur Chini Mills Limited	0.34%	0.34%
Zen Technologies Limited	0.33%	0.33%
Emami Limited	0.33%	0.33%
eClerx Services Limited	0.33%	0.33%
Shyam Metalics And Energy Limited	0.33%	0.34%
Natco Pharma Limited	0.33%	0.33%
Jaiprakash Power Ventures Limited	0.33%	0.33%
ACC Limited	0.32%	0.32%
Cohance Lifesciences Limited	0.32%	0.32%
Physicswallah Limited	0.32%	0.33%
Ramkrishna Forgings Limited	0.32%	0.32%
Aditya Birla Sun Life AMC Limited	0.32%	0.33%
CCL Products (India) Limited	0.32%	0.32%
Honeywell Automation India Limited	0.32%	0.33%
Vijaya Diagnostic Centre Limited	0.31%	0.32%
EID Parry India Limited	0.31%	0.32%
Welspun Living Limited	0.31%	0.32%
Syngene International Limited	0.31%	0.31%
Schneider Electric Infrastructure Limited	0.31%	0.32%
Creditaccess Grameen Limited	0.31%	0.31%
Chennai Petroleum Corporation Limited	0.31%	0.31%
Inox Wind Limited	0.30%	0.30%
Zee Entertainment Enterprises Limited	0.30%	0.31%
CEAT Limited	0.30%	0.31%
Whirlpool Of India Limited	0.30%	0.30%
IRB Infrastructure Developers Limited	0.30%	0.31%
Paradeep Phosphates Limited	0.30%	0.30%
Titagarh Rail Systems Limited	0.29%	0.29%
Cemindia Projects Limited	0.29%	0.30%
Rainbow Childrens Medicare Limited	0.29%	0.29%
Jindal Saw Limited	0.29%	0.29%
Honasa Consumer Limited	0.28%	0.29%
Triveni Turbine Limited	0.28%	0.28%
Poly Medicure Limited	0.28%	0.29%
Bagmane Prime Office REIT	0.28%	0.28%
Garden Reach Shipbuilders & Engineers Limited	0.28%	0.29%
Choice International Limited	0.28%	0.28%
Chambal Fertilizers & Chemicals Limited	0.27%	0.27%
Thangamayil Jewellery Limited	0.27%	0.27%
The Jammu & Kashmir Bank Limited	0.27%	0.28%
Can Fin Homes Limited	0.27%	0.27%
Mahanagar Gas Limited	0.27%	0.27%
Sun TV Network Limited	0.27%	0.27%
EIH Limited	0.27%	0.27%
Aditya Birla Real Estate Limited	0.26%	0.27%
PCBL Chemical Limited	0.26%	0.26%
TBO Tek Limited	0.26%	0.26%
Rubicon Research Limited	0.26%	0.26%
Aether Industries Limited	0.25%	0.25%
Gillette India Limited	0.25%	0.25%
Reliance Power Limited	0.25%	0.26%
Vedanta Oil And Gas Limited	0.25%	0.25%
Vedanta Power Limited	0.25%	0.25%
Minda Corporation Limited	0.25%	0.25%
Intellect Design Arena Limited	0.25%	0.25%
Devyani International Limited	0.25%	0.25%
Jubilant Ingrevia Limited	0.24%	0.24%
Urban Co Limited	0.24%	0.24%
Godawari Power & Ispat Limited	0.24%	0.24%
Vedanta Iron And Steel Limited	0.24%	0.25%
Caplin Point Laboratories Limited	0.24%	0.24%
Sobha Limited	0.24%	0.24%
LT Foods Limited	0.24%	0.25%
Vardhman Textiles Limited	0.24%	0.24%
Sumitomo Chemical India Limited	0.24%	0.24%
Canara HSBC Life Insurance Co Limited	0.24%	0.24%
Tenneco Clean Air India Limited	0.23%	0.23%
Central Bank of India	0.23%	0.23%
NCC Limited	0.23%	0.23%
Lemon Tree Hotels Limited	0.23%	0.23%
Graphite India Limited	0.23%	0.23%
Action Construction Equipment Limited	0.23%	0.23%
Techno Electric & Engineering Co Limited	0.22%	0.23%
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%
KEC International Limited	0.22%	0.22%
Aavas Financiers Limited	0.22%	0.22%
NMDC Steel Limited	0.21%	0.21%
Zensar Technologies Limited	0.21%	0.22%
Aadhar Housing Finance Limited	0.21%	0.21%
Privi Speciality Chemicals Limited	0.21%	0.21%
Doms Industries Limited	0.21%	0.21%
Inox India Limited	0.21%	0.21%
Olectra Greentech Limited	0.21%	0.21%
IDBI Bank Limited	0.20%	0.21%
Gravita India Limited	0.20%	0.20%
IFCI Limited	0.20%	0.21%
Shipping Corporation of India 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%
Aegis Vopak Terminals Limited	0.19%	0.19%
Emmvee Photovoltaic Power Limited	0.19%	0.20%
JK Tyre & Industries Limited	0.19%	0.19%
SJVN Limited	0.19%	0.19%
Gujarat Mineral Development Corporation Limited	0.19%	0.19%
Tejas Networks Limited	0.18%	0.18%
Brainbees Solutions Limited	0.18%	0.18%
Heg Graphite Limited	0.18%	0.18%
Elecon Engineering Co Limited	0.18%	0.18%
Clean Max Enviro Energy Solutions Limited	0.18%	0.18%
The New India Assurance Co Limited	0.18%	0.18%
Bata India Limited	0.18%	0.18%
Afcons Infrastructure Limited	0.17%	0.17%
Allied Blenders And Distillers Limited	0.17%	0.17%
Swan Corp Limited	0.17%	0.17%
Black Box Limited	0.17%	0.17%
IRCON International Limited	0.17%	0.17%
Clean Science And Technology Limited	0.17%	0.17%
UTI Asset Management Co Limited	0.17%	0.17%
Fractal Analytics Limited	0.16%	0.16%
JSW Cement Limited	0.16%	0.16%
Anupam Rasayan India Limited	0.16%	0.16%
Tega Industries 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%
Mangalore Refinery & Petrochemicals Limited	0.13%	0.13%
Transformers And Rectifiers India Limited	0.13%	0.13%
Signatureglobal (India) Limited	0.13%	0.13%
Avanti Feeds Limited	0.13%	0.13%
Trident Limited	0.12%	0.13%
Rites Limited	0.12%	0.13%
UCO Bank	0.12%	0.12%
BLS International Services Limited	0.12%	0.12%
Rhi Magnesita India Limited	0.11%	0.11%
ITI Limited	0.11%	0.11%
Central Mine Planning & Design Institute Limited	0.10%	0.10%
Railtel Corporation Of India Limited	0.10%	0.10%
JBM Auto Limited	0.10%	0.10%
Jain Resource Recycling Limited	0.09%	0.09%
The India Cements Limited	0.09%	0.09%
Heg Advanced Materials Limited	0.08%	0.08%
Tata Teleservices Maharashtra Limited	0.08%	0.08%
Gallantt Ispat Limited	0.07%	0.07%
Bharat Coking Coal 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. 97.3% means 97.3% 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 Index Fund

Every holding of this fund is also held by the other.

Largest holdings only in Mirae Asset Nifty Smallcap 250 ETF

Security	% of fund
Sterlite Technologies Ltd.	0.06%
MTAR technologies Ltd.	0.03%

Asset and sector split

Share of each fund, from its latest monthly portfolio

Asset allocation

Asset	DSP Nifty Smallcap 250 Index	Mirae Asset Nifty Smallcap 250 ETF
Equity	96.1%	96.8%
Debt	0.0%	0.0%
Cash and others	3.9%	3.2%

Market cap of stocks

Market cap	DSP Nifty Smallcap 250 Index	Mirae Asset Nifty Smallcap 250 ETF
Large Cap	0.0%	0.0%
Mid Cap	2.7%	2.7%
Small Cap	92.4%	93.1%
Not on AMFI's list	1.0%	1.0%

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 Smallcap 250 Index	Mirae Asset Nifty Smallcap 250 ETF
Industrial Products	8.6%	8.6%
Auto Components	8.3%	8.4%
Pharmaceuticals & Biotechnology	7.7%	7.7%
Finance	7.5%	7.6%
Chemicals & Petrochemicals	5.7%	5.7%
Capital Markets	5.3%	5.4%

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

DSP Nifty Smallcap 250 Index vs Mirae Asset Nifty Smallcap 250 ETF: Expense Ratio

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

Charge	DSP Nifty Smallcap 250 Index Fund	Mirae Asset Nifty Smallcap 250 ETF
Total expense ratio (Direct)	0.60%	Not available
Base expense ratio (Direct)	0.22%	0.00%
Total expense ratio (Regular)	1.31%	Not available
Base expense ratio (Regular)	0.83%	0.14%

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 Index Fund vs Mirae Asset Nifty Smallcap 250 ETF: Frequently Asked Questions

What is the difference between DSP Nifty Smallcap 250 Index Fund and Mirae Asset Nifty Smallcap 250 ETF?

DSP Nifty Smallcap 250 Index Fund is an Index fund, Mirae Asset Nifty Smallcap 250 ETF is an ETF fund, run by DSP Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 97.3%. DSP Nifty Smallcap 250 Index Fund charges 0.60% a year and Mirae Asset Nifty Smallcap 250 ETF 0.34%.

Which has the lower expense ratio, DSP Nifty Smallcap 250 Index Fund or Mirae Asset Nifty Smallcap 250 ETF?

Mirae Asset Nifty Smallcap 250 ETF charges less: 0.34% a year against 0.60%. These are the total expense ratios reported to AMFI.

How much do DSP Nifty Smallcap 250 Index Fund and Mirae Asset Nifty Smallcap 250 ETF overlap?

97.3%. 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 Index Fund or Mirae Asset Nifty Smallcap 250 ETF?

On SEBI's riskometer, DSP Nifty Smallcap 250 Index Fund is rated Very High and Mirae Asset Nifty Smallcap 250 ETF Very High. Over their common history, the standard deviation of daily returns was 18.53% and 18.27% a year.

Can I invest in both DSP Nifty Smallcap 250 Index Fund and Mirae Asset Nifty Smallcap 250 ETF?

Yes. 97.3% 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 Index Fund and Mirae Asset Nifty Smallcap 250 ETF?

DSP Nifty Smallcap 250 Index Fund: Anil Ghelani, Diipesh Shah, Neha Rathi. Mirae Asset Nifty Smallcap 250 ETF: Ekta Gala, amp, Ritesh Patel.

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.