DSP Nifty Top 10 Equal Weight ETF vs DSP Nifty Top 10 Equal Weight Index Fund
DSP Nifty Top 10 Equal Weight ETF and DSP Nifty Top 10 Equal Weight Index Fund are both Nifty Top 10 Equal Weight Index Funds & ETFs. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR — vs —, 5-year CAGR — vs —, volatility 15.39% vs 15.39%, maximum drawdown −19.69% vs −19.80%. Their portfolios overlap by 99.9% (10 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
| DSP Nifty Top 10 Equal Weight ETF | DSP Nifty Top 10 Equal Weight Index | |
|---|---|---|
| Fund house | DSP Mutual Fund | DSP Mutual Fund |
| Compared as | Nifty Top 10 Equal Weight Index Funds & ETFs | Nifty Top 10 Equal Weight Index Funds & ETFs |
| NAV | ₹91.0904 | ₹9.3382 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 5 Sep 2024 | 5 Sep 2024 |
| Track record | 2.2 yrs | 2.2 yrs |
| Fund size (AUM) | ₹660 Cr | ₹1,044 Cr |
| Securities held | 10 | 10 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| DSP Nifty Top 10 Equal Weight ETF | DSP Nifty Top 10 Equal Weight Index | |
|---|---|---|
| 1 month | +8.55% | +8.53% |
| 3 months | +1.80% | +1.75% |
| 6 months | +3.38% | +3.29% |
| 1 year | −7.34% | −7.49% |
| 3 years (CAGR) | — | — |
| 5 years (CAGR) | — | — |
| 7 years (CAGR) | — | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | −2.81% | −3.09% |
| SIP return (XIRR, 5 years) ⓘ | — | — |
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
| DSP Nifty Top 10 Equal Weight ETF | DSP Nifty Top 10 Equal Weight Index | |
|---|---|---|
| 2026 (year to date) | −10.53% | −10.67% |
| 2025 | +9.40% | +9.14% |
Risk
| DSP Nifty Top 10 Equal Weight ETF | DSP Nifty Top 10 Equal Weight Index | |
|---|---|---|
| Volatility (annualised) ⓘ | 15.39% | 15.39% |
| Downside volatility ⓘ | 12.57% | 12.61% |
| Sharpe ratio ⓘ | -0.60 | -0.62 |
| Sortino ratio ⓘ | -0.74 | -0.76 |
| Maximum drawdown ⓘ | −19.69% | −19.80% |
| Recovery from that fall | — | — |
| Current fall from peak | −11.12% | −11.26% |
| Rolling 1-year return: worst | −15.11% | −15.25% |
| Rolling 1-year return: median | −5.57% | −5.81% |
| Rolling 1-year return: best | +10.39% | +10.10% |
| Share of 1-year periods with a loss | 62.28% | 62.85% |
Against each fund's benchmark
| DSP Nifty Top 10 Equal Weight ETF | DSP Nifty Top 10 Equal Weight Index | |
|---|---|---|
| Beta ⓘ | 0.91 | 0.91 |
| Alpha (Jensen's, annualised) ⓘ | −1.61% | −1.83% |
| R² ⓘ | 83.79 | 83.82 |
| Upside capture | 81.03% | 80.39% |
| Downside capture | 87.74% | 88.29% |
| Tracking error | 6.28% | 6.27% |
| Information ratio | -0.09 | -0.13 |
| Treynor ratio | -13.54 | -13.77 |
Portfolio
Asset mix
| DSP Nifty Top 10 Equal Weight ETF | DSP Nifty Top 10 Equal Weight Index | |
|---|---|---|
| Equity | 99.97% | 99.87% |
| Cash & equivalents | 0.03% | 0.13% |
Market-cap split (share of fund assets)
| DSP Nifty Top 10 Equal Weight ETF | DSP Nifty Top 10 Equal Weight Index | |
|---|---|---|
| Large Cap | 99.97% | 99.87% |
| Mid Cap | 0.00% | 0.00% |
| Small Cap | 0.00% | 0.00% |
| Unclassified | 0.00% | 0.00% |
Concentration
| DSP Nifty Top 10 Equal Weight ETF | DSP Nifty Top 10 Equal Weight Index | |
|---|---|---|
| Top 10 holdings | 99.97% | 99.87% |
| Effective number of stocks ⓘ | 10 | 10 |
| Securities held | 10 | 10 |
Portfolio overlap: 99.9%
10 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 | DSP Nifty Top 10 Equal Weight ETF | DSP Nifty Top 10 Equal Weight Index |
|---|---|---|
| Kotak Mahindra Bank Limited | 10.46% | 10.45% |
| Axis Bank Limited | 10.17% | 10.15% |
| ICICI Bank Limited | 10.10% | 10.09% |
| Infosys Limited | 10.07% | 10.06% |
| Bharti Airtel Limited | 9.97% | 9.96% |
| State Bank of India | 9.90% | 9.90% |
| ITC Limited | 9.90% | 9.89% |
| Larsen & Toubro Limited | 9.83% | 9.82% |
| Reliance Industries Limited | 9.81% | 9.80% |
| HDFC Bank Limited | 9.76% | 9.75% |
Top 10 holdings
DSP Nifty Top 10 Equal Weight ETF
- Kotak Mahindra Bank Limited10.46%
- Axis Bank Limited10.17%
- ICICI Bank Limited10.10%
- Infosys Limited10.07%
- Bharti Airtel Limited9.97%
- State Bank of India9.90%
- ITC Limited9.90%
- Larsen & Toubro Limited9.83%
- Reliance Industries Limited9.81%
- HDFC Bank Limited9.76%
DSP Nifty Top 10 Equal Weight Index
- Kotak Mahindra Bank Limited10.45%
- Axis Bank Limited10.15%
- ICICI Bank Limited10.09%
- Infosys Limited10.06%
- Bharti Airtel Limited9.96%
- State Bank of India9.90%
- ITC Limited9.89%
- Larsen & Toubro Limited9.82%
- Reliance Industries Limited9.80%
- HDFC Bank Limited9.75%
Sector exposure
| DSP Nifty Top 10 Equal Weight ETF | DSP Nifty Top 10 Equal Weight Index | |
|---|---|---|
| Banks | 50.39% | 50.34% |
| IT - Software | 10.07% | 10.06% |
| Telecom - Services | 9.97% | 9.96% |
| Diversified FMCG | 9.90% | 9.89% |
| Construction | 9.83% | 9.82% |
| Petroleum Products | 9.81% | 9.80% |
Questions people ask
What is the difference between DSP Nifty Top 10 Equal Weight ETF and DSP Nifty Top 10 Equal Weight Index returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return −7.34% vs −7.49%; 3-year CAGR — vs —; 5-year CAGR — vs —; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do DSP Nifty Top 10 Equal Weight ETF and DSP Nifty Top 10 Equal Weight Index compare on risk?
Volatility (36 monthly returns, annualised) 15.39% vs 15.39%; Sharpe ratio -0.60 vs -0.62; Sortino ratio -0.74 vs -0.76; maximum drawdown −19.69% vs −19.80%; beta 0.91 vs 0.91.
How much do DSP Nifty Top 10 Equal Weight ETF and DSP Nifty Top 10 Equal Weight Index overlap?
By weight, 99.9% of the two portfolios is invested in the same companies; 10 stocks are held by both, the largest shared positions being Kotak Mahindra Bank Limited, Axis Bank Limited, ICICI Bank Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of DSP Nifty Top 10 Equal Weight ETF and DSP Nifty Top 10 Equal Weight Index?
DSP Nifty Top 10 Equal Weight ETF: large cap 100.0%, mid cap 0.0%, small cap 0.0%. DSP Nifty Top 10 Equal Weight Index: large cap 99.9%, mid cap 0.0%, small cap 0.0% (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
DSP Nifty Top 10 Equal Weight ETF vs
DSP Nifty Top 10 Equal Weight Index vs
All Nifty Top 10 Equal Weight Index Funds & ETFs comparisons → · Compare up to six funds yourself → · Every fund in this category → · All comparisons →
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 5 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.