DSP Nifty Smallcap 250 Index Fund vs SBI 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 SBI Nifty Smallcap 250 ETF is a mutual fund. DSP Nifty Smallcap 250 Index Fund charges 0.60% a year and SBI Nifty Smallcap 250 ETF 0.68%. 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

SBI Nifty Smallcap 250 ETF

Expense ratio: 0.68%
NAV: ₹16.76

See SBI Nifty Smallcap 250 ETF

Which is better, DSP Nifty Smallcap 250 Index or SBI 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 Index costs less: 0.60% a year against 0.68%.
DSP Nifty Smallcap 250 Index fell less in its worst fall since 22-05-2026: −11.7% against −11.7%.
DSP Nifty Smallcap 250 Index is the larger fund: ₹18 Cr against ₹9 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)
+0.0%
SBI Nifty Smallcap 250 ETF (Regular)
−0.0%

Change in NAV from 22-05-2026 to 30-10-2026

0%+5%+10%+15%

Key facts

From each fund's scheme summary document and AMFI

Fact	DSP Nifty Smallcap 250 Index Fund	SBI Nifty Smallcap 250 ETF
Fund house	DSP Mutual Fund	SBI Mutual Fund
Category	Index	Not available
AUM	₹18 Cr (30-09-2026)	₹9 Cr (30-09-2026)
NAV	₹10.30 (Direct)	₹16.76 (Regular)
Expense ratio (Direct)	0.60%	Not available
Expense ratio (Regular)	1.31%	0.68%
Riskometer	Very High	Not available
Benchmark	Nifty Smallcap 250 TRI	Not available
Launch date	11-12-2025	Not available
Minimum investment	₹100	Not available
Lock in	None	Not available
Fund managers	Anil Ghelani, Diipesh Shah, Neha Rathi	Not available
Exit load	Nil	Not available

DSP Nifty Smallcap 250 Index vs SBI 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%	--	--	--	--
SBI Nifty Smallcap 250 ETF (Regular)	−5.87%	−6.12%	--	--	--	--	--

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

Year	DSP Nifty Smallcap 250 IndexDSP Nifty Smallcap 250 Index	SBI Nifty Smallcap 250 ETFSBI Nifty Smallcap 250 ETF	Nifty Smallcap 250 TRI
2026to date	+0.49%	--	+1.00%

DSP Nifty Smallcap 250 Index vs SBI 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 SBI 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)	SBI Nifty Smallcap 250 ETF (Regular)
Return (CAGR)	+3.48%	−0.02%
Standard deviation	18.53%	15.66%
Sharpe ratio	-0.09	-0.34
Sortino ratio	-0.13	-0.44
Maximum drawdown	−15.5% (23-03-2026)	−11.7% (23-10-2026)
Beta	0.99	1.00
Alpha	−0.65%	−0.75%

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.

−12%−10%−8%−6%−4%−2%0%

DSP Nifty Smallcap 250 Index Fund (Direct)SBI Nifty Smallcap 250 ETF (Regular)Nifty 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)	−11.7%	08-09-2026	23-10-2026	Not yet	--	−9.6%
SBI Nifty Smallcap 250 ETF (Regular)	−11.7%	08-09-2026	23-10-2026	Not yet	--	−9.7%
Nifty Smallcap 250 TRI	−11.5%	08-09-2026	23-10-2026	Not yet	--	−9.4%

From daily values since 22-05-2026, the first day every fund has.

DSP Nifty Smallcap 250 Index vs SBI Nifty Smallcap 250 ETF: Portfolio Overlap

From each fund's latest monthly portfolio: DSP Nifty Smallcap 250 Index Fund, September 2026; SBI 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 SBI Nifty Smallcap 250 ETF: 2

Security	% of DSP Nifty Smallcap 250 Index	% of SBI 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%	0.83%
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%	0.77%
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%	0.59%
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%
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%
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%	0.51%
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%	0.47%
Tata Elxsi Limited	0.47%	0.48%
Brigade Enterprises Limited	0.47%	0.48%
Aditya Infotech Limited	0.47%	0.47%
Five-Star Business Finance Limited	0.45%	0.45%
Indraprastha Gas Limited	0.45%	0.46%
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%
Capri Global Capital Limited	0.43%	0.43%
Atul Limited	0.42%	0.42%
Castrol India Limited	0.42%	0.43%
Inventurus Knowledge Solutions Limited	0.41%	0.41%
Usha Martin Limited	0.41%	0.41%
Anant Raj Limited	0.41%	0.41%
Amara Raja Energy And Mobility 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%
Motherson Sumi Wiring India Limited	0.39%	0.39%
PVR Inox Limited	0.39%	0.40%
Acme Solar Holdings Limited	0.39%	0.40%
Jyoti CNC Automation Limited	0.39%	0.40%
Indian Energy Exchange 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%
Azad Engineering Limited	0.37%	0.38%
KPIT Technologies 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%
Force Motors Limited	0.37%	0.36%
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%
Zen Technologies Limited	0.33%	0.33%
Jaiprakash Power Ventures 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%
ACC Limited	0.32%	0.32%
Cohance Lifesciences Limited	0.32%	0.32%
Physicswallah Limited	0.32%	0.32%
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%	0.31%
Vijaya Diagnostic Centre Limited	0.31%	0.31%
EID Parry India Limited	0.31%	0.32%
Chennai Petroleum Corporation Limited	0.31%	0.31%
Welspun Living Limited	0.31%	0.32%
Syngene International Limited	0.31%	0.31%
Creditaccess Grameen 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%
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%
Jindal Saw Limited	0.29%	0.29%
Titagarh Rail Systems Limited	0.29%	0.29%
Cemindia Projects Limited	0.29%	0.30%
Rainbow Childrens Medicare Limited	0.29%	0.29%
Honasa Consumer Limited	0.28%	0.29%
Choice International Limited	0.28%	0.28%
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%	0.28%
Mahanagar Gas Limited	0.27%	0.27%
Chambal Fertilizers & Chemicals Limited	0.27%	0.27%
Thangamayil Jewellery Limited	0.27%	0.27%
The Jammu & Kashmir Bank Limited	0.27%	0.28%
EIH Limited	0.27%	0.27%
Sun TV Network Limited	0.27%	0.27%
Can Fin Homes Limited	0.27%	0.27%
Aditya Birla Real Estate Limited	0.26%	0.27%
Rubicon Research Limited	0.26%	0.26%
PCBL Chemical Limited	0.26%	0.26%
TBO Tek Limited	0.26%	0.26%
Aether Industries Limited	0.25%	0.25%
Intellect Design Arena Limited	0.25%	0.25%
Gillette India Limited	0.25%	0.26%
Reliance Power Limited	0.25%	0.26%
Vedanta Power Limited	0.25%	0.25%
Vedanta Oil And Gas 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%
Jubilant Ingrevia Limited	0.24%	0.25%
Urban Co Limited	0.24%	0.24%
Godawari Power & Ispat Limited	0.24%	0.24%
Vedanta Iron And Steel 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%
LT Foods Limited	0.24%	0.25%
Vardhman Textiles Limited	0.24%	0.24%
Tenneco Clean Air India 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%
Techno Electric & Engineering Co Limited	0.22%	0.23%
KEC International 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%
NMDC Steel Limited	0.21%	0.21%
Olectra Greentech Limited	0.21%	0.21%
Doms Industries Limited	0.21%	0.21%
Zensar Technologies 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%	0.22%
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%
SJVN Limited	0.19%	0.19%
Aegis Vopak Terminals Limited	0.19%	0.19%
Gujarat Mineral Development Corporation Limited	0.19%	0.19%
Emmvee Photovoltaic Power Limited	0.19%	0.20%
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%
Heg Graphite Limited	0.18%	0.17%
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%	0.17%
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%
Mangalore Refinery & Petrochemicals 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%
Trident Limited	0.12%	0.13%
BLS International Services Limited	0.12%	0.12%
Rites Limited	0.12%	0.13%
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%
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. 97.3% 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 SBI Nifty Smallcap 250 ETF

Security	% of fund
Sterlite Technologies Ltd.	0.34%
MTAR technologies Ltd.	0.18%

Asset and sector split

Share of each fund, from its latest monthly portfolio

Asset allocation

Asset	DSP Nifty Smallcap 250 Index	SBI Nifty Smallcap 250 ETF
Equity	96.1%	97.2%
Debt	0.0%	0.0%
Cash and others	3.9%	2.8%

Market cap of stocks

Market cap	DSP Nifty Smallcap 250 Index	SBI Nifty Smallcap 250 ETF
Large Cap	0.0%	0.0%
Mid Cap	2.7%	2.7%
Small Cap	92.4%	93.5%
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	SBI 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 SBI 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	SBI 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%	0.68%
Base expense ratio (Regular)	0.83%	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 Index Fund vs SBI Nifty Smallcap 250 ETF: Frequently Asked Questions

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

DSP Nifty Smallcap 250 Index Fund is an Index fund, SBI Nifty Smallcap 250 ETF is a mutual fund, run by DSP Mutual Fund and SBI Mutual Fund. Their portfolios overlap 97.3%. DSP Nifty Smallcap 250 Index Fund charges 0.60% a year and SBI Nifty Smallcap 250 ETF 0.68%.

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

DSP Nifty Smallcap 250 Index Fund charges less: 0.60% a year against 0.68%. These are the total expense ratios reported to AMFI.

How much do DSP Nifty Smallcap 250 Index Fund and SBI 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.

Can I invest in both DSP Nifty Smallcap 250 Index Fund and SBI 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.

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.