Axis NIFTY Healthcare ETF vs DSP Nifty Healthcare ETF
Axis NIFTY Healthcare ETF and DSP Nifty Healthcare ETF are both Nifty Healthcare Index Funds & ETFs. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR +21.13% vs —, 5-year CAGR +14.69% vs —, volatility 15.41% vs 15.41%, maximum drawdown −20.70% vs −15.70%. Their portfolios overlap by 99.9% (20 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| Axis NIFTY Healthcare ETF | DSP Nifty Healthcare ETF | |
|---|---|---|
| Fund house | Axis Mutual Fund | DSP Mutual Fund |
| Compared as | Nifty Healthcare Index Funds & ETFs | Nifty Healthcare Index Funds & ETFs |
| NAV | ₹172.2403 | ₹17.0924 |
| NAV date | 6 Nov 2026 | 6 Nov 2026 |
| Launched (first NAV) | 21 May 2021 | 1 Feb 2024 |
| Track record | 5.5 yrs | 2.8 yrs |
| Fund size (AUM) | ₹23 Cr | ₹17 Cr |
| Securities held | 20 | 20 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Axis NIFTY Healthcare ETF | DSP Nifty Healthcare ETF | |
|---|---|---|
| 1 month | +5.40% | +5.41% |
| 3 months | +1.24% | +1.28% |
| 6 months | +9.92% | +8.05% |
| 1 year | +15.37% | +13.47% |
| 3 years (CAGR) | +21.13% | — |
| 5 years (CAGR) | +14.69% | — |
| 7 years (CAGR) | — | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +14.08% | +15.17% |
| SIP return (XIRR, 5 years) ⓘ | +18.04% | — |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| Axis NIFTY Healthcare ETF | DSP Nifty Healthcare ETF | |
|---|---|---|
| 2026 (year to date) | +15.83% | +13.92% |
| 2025 | −1.84% | −1.71% |
| 2024 | +40.85% | — |
| 2023 | +33.48% | — |
| 2022 | −10.32% | — |
Risk
| Axis NIFTY Healthcare ETF | DSP Nifty Healthcare ETF | |
|---|---|---|
| Volatility (annualised) ⓘ | 15.41% | 15.41% |
| Downside volatility ⓘ | 9.64% | 10.05% |
| Sharpe ratio ⓘ | 0.95 | 0.56 |
| Sortino ratio ⓘ | 1.52 | 0.86 |
| Maximum drawdown ⓘ | −20.70% | −15.70% |
| Recovery from that fall | 13 months | 5 months |
| Current fall from peak | −0.14% | −0.11% |
| Rolling 1-year return: worst | −14.85% | −4.60% |
| Rolling 1-year return: median | +12.37% | +9.50% |
| Rolling 1-year return: best | +62.36% | +21.97% |
| Share of 1-year periods with a loss | 23.83% | 5.49% |
Against each fund's benchmark
| Axis NIFTY Healthcare ETF | DSP Nifty Healthcare ETF | |
|---|---|---|
| Beta ⓘ | 0.73 | 0.71 |
| Alpha (Jensen's, annualised) ⓘ | +12.32% | +8.30% |
| R² ⓘ | 43.18 | 43.22 |
| Upside capture | 118.71% | 105.34% |
| Downside capture | 52.48% | 52.13% |
| Tracking error | 12.99% | 12.51% |
| Information ratio | 0.99 | 0.77 |
| Treynor ratio | 20.48 | 8.24 |
Portfolio
Asset mix
| Axis NIFTY Healthcare ETF | DSP Nifty Healthcare ETF | |
|---|---|---|
| Equity | 99.99% | 99.92% |
| Cash & equivalents | 0.03% | 0.08% |
Market-cap split (share of fund assets)
| Axis NIFTY Healthcare ETF | DSP Nifty Healthcare ETF | |
|---|---|---|
| Large Cap | 47.80% | 47.77% |
| Mid Cap | 48.39% | 48.35% |
| Small Cap | 3.80% | 3.80% |
| Unclassified | 0.00% | 0.00% |
Concentration
| Axis NIFTY Healthcare ETF | DSP Nifty Healthcare ETF | |
|---|---|---|
| Top 10 holdings | 75.83% | 75.77% |
| Effective number of stocks ⓘ | 13.1 | 13.1 |
| Securities held | 20 | 20 |
Portfolio overlap: 99.9%
20 companies are held by both funds; by weight, 99.9% of the two portfolios is the same. That is a high overlap: holding both adds little diversification beyond holding one.
| Held by both | Axis NIFTY Healthcare ETF | DSP Nifty Healthcare ETF |
|---|---|---|
| Sun Pharmaceutical Industries Limited | 17.00% | 16.99% |
| Divi's Laboratories Limited | 10.44% | 10.43% |
| Apollo Hospitals Enterprise Limited | 7.43% | 7.42% |
| Laurus Labs Limited | 6.82% | 6.81% |
| Cipla Limited | 6.69% | 6.69% |
| Dr. Reddy's Laboratories Limited | 6.65% | 6.64% |
| Torrent Pharmaceuticals Limited | 6.24% | 6.24% |
| Max Healthcare Institute Limited | 6.12% | 6.11% |
| Lupin Limited | 4.36% | 4.36% |
| Aurobindo Pharma Limited | 4.08% | 4.08% |
| Fortis Healthcare Limited | 3.55% | 3.54% |
| Glenmark Pharmaceuticals Limited | 3.11% | 3.11% |
| Alkem Laboratories Limited | 2.75% | 2.75% |
| Zydus Lifesciences Limited | 2.54% | 2.54% |
| Mankind Pharma Limited | 2.51% | 2.51% |
Top 10 holdings
Axis NIFTY Healthcare ETF
- Sun Pharmaceutical Industries Limited17.00%
- Divi's Laboratories Limited10.44%
- Apollo Hospitals Enterprise Limited7.43%
- Laurus Labs Limited6.82%
- Cipla Limited6.69%
- Dr. Reddy's Laboratories Limited6.65%
- Torrent Pharmaceuticals Limited6.24%
- Max Healthcare Institute Limited6.12%
- Lupin Limited4.36%
- Aurobindo Pharma Limited4.08%
DSP Nifty Healthcare ETF
- Sun Pharmaceutical Industries Limited16.99%
- Divi's Laboratories Limited10.43%
- Apollo Hospitals Enterprise Limited7.42%
- Laurus Labs Limited6.81%
- Cipla Limited6.69%
- Dr. Reddy's Laboratories Limited6.64%
- Torrent Pharmaceuticals Limited6.24%
- Max Healthcare Institute Limited6.11%
- Lupin Limited4.36%
- Aurobindo Pharma Limited4.08%
Sector exposure
| Axis NIFTY Healthcare ETF | DSP Nifty Healthcare ETF | |
|---|---|---|
| Pharmaceuticals & Biotechnology | 81.13% | 81.09% |
| Healthcare Services | 18.86% | 18.83% |
Questions people ask
What is the difference between Axis NIFTY Healthcare ETF and DSP Nifty Healthcare ETF returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return +15.37% vs +13.47%; 3-year CAGR +21.13% vs —; 5-year CAGR +14.69% vs —; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do Axis NIFTY Healthcare ETF and DSP Nifty Healthcare ETF compare on risk?
Volatility (36 monthly returns, annualised) 15.41% vs 15.41%; Sharpe ratio 0.95 vs 0.56; Sortino ratio 1.52 vs 0.86; maximum drawdown −20.70% vs −15.70%; beta 0.73 vs 0.71.
How much do Axis NIFTY Healthcare ETF and DSP Nifty Healthcare ETF overlap?
By weight, 99.9% of the two portfolios is invested in the same companies; 20 stocks are held by both, the largest shared positions being Sun Pharmaceutical Industries Limited, Divi's Laboratories Limited, Apollo Hospitals Enterprise Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Axis NIFTY Healthcare ETF and DSP Nifty Healthcare ETF?
Axis NIFTY Healthcare ETF: large cap 47.8%, mid cap 48.4%, small cap 3.8%. DSP Nifty Healthcare ETF: large cap 47.8%, mid cap 48.4%, small cap 3.8% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
More comparisons
Axis NIFTY Healthcare ETF vs
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 6 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.