COMPARE
DSP Income Plus Arbitrage Omni FoF - Direct Plan - Growth vs HDFC Gold ETF Fund of Fund - Direct Plan
DSP Income Plus Arbitrage Omni FoF and HDFC Gold ETF Fund of Fund are both in the FoF Domestic category, from DSP Asset Managers Private Limited and HDFC Asset Management Company Limited respectively. DSP Income Plus Arbitrage Omni FoF has posted a higher 3-year rolling CAGR. HDFC Gold ETF Fund of Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
HDFC Gold ETF Fund of Fund has the lower direct-plan expense ratio, by 0.23 percentage points.
| DSP Income Plus Arbitrage Omni FoF - Direct Plan - Growth | HDFC Gold ETF Fund of Fund - Direct Plan | |
|---|---|---|
| Category | FoF Domestic | FoF Domestic |
| AMC | DSP Asset Managers Private Limited | HDFC Asset Management Company Limited |
| Benchmark | 40% NIFTY 50 Arbitrage Index + 60% NIFTY Composite Debt Index | Domestic Gold Price (GOLDBEES) |
| NAV | ₹23.8659 (2026-10-28) | ₹44.1363 (2026-10-28) |
| AUM | ₹1,602.047 Cr | ₹11,714.865 Cr |
| Expense Ratio (Direct) | 0.43% | 0.2% |
| Inception | 2014-08-01 | 2011-10-07 |
Returns
DSP Income Plus Arbitrage Omni FoF leads on 3-year rolling CAGR (7.8% vs HDFC Gold ETF Fund of Fund's 10.9%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
This is a fund of funds. Its risk profile belongs to the schemes it holds, not to a benchmark of its own.
Portfolio Analytics
Punji Fund Health Score
HDFC Gold ETF Fund of Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, DSP Income Plus Arbitrage Omni FoF or HDFC Gold ETF Fund of Fund?
DSP Income Plus Arbitrage Omni FoF's 3-year rolling CAGR of 7.8% is higher than HDFC Gold ETF Fund of Fund's 10.9%. DSP Income Plus Arbitrage Omni FoF sits in the 16th percentile of its category on this metric, versus the 32nd percentile for HDFC Gold ETF Fund of Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, DSP Income Plus Arbitrage Omni FoF or HDFC Gold ETF Fund of Fund?
HDFC Gold ETF Fund of Fund's direct-plan expense ratio is 0.23 percentage points lower than DSP Income Plus Arbitrage Omni FoF's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Why don't DSP Income Plus Arbitrage Omni FoF and HDFC Gold ETF Fund of Fund show risk metrics like Sharpe ratio or alpha?
This is a fund of funds. Its risk profile belongs to the schemes it holds, not to a benchmark of its own. This is a deliberate methodology choice, not missing data - risk metrics like alpha and Sharpe ratio are most meaningful for actively-managed funds where a manager makes decisions that can add or subtract value versus a benchmark. For a fund that mechanically tracks an index, the equivalent useful metric is tracking error (how closely it follows its index), not alpha.
Which has higher AUM, DSP Income Plus Arbitrage Omni FoF or HDFC Gold ETF Fund of Fund?
HDFC Gold ETF Fund of Fund has ₹11,715 Cr in assets under management, versus ₹1,602 Cr for DSP Income Plus Arbitrage Omni FoF. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, DSP Income Plus Arbitrage Omni FoF or HDFC Gold ETF Fund of Fund?
HDFC Gold ETF Fund of Fund launched on 2011-10-07, making it older than DSP Income Plus Arbitrage Omni FoF (launched 2014-08-01). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.