Markets / Mutual funds / Sectoral / Thematic

DSP Business Cycle Fund - Regular Plan - Growth

NAVs of 8 Nov 2026

DSP Mutual Fund · Equity fund · Regular plan · Growth

Sectoral / ThematicRegular · GrowthRisk: Very High

NAV · 6 Nov 2026

₹10.6120 ▲ 1.85%

DSP Mutual Fund

Fund size₹1,423 crJuly - September 2026

1-month range₹9.63 – 10.61

1 year+3.77%rank 118 of 280

Expense ratio2.51%regular plan, a year

5 years–a year

What the fund does

The investment objective of the scheme is to provide long-term capital appreciation by investing in equity and equity related securities with a focus on riding business cycles through dynamic allocation across various sectors / themes / stocks at different stages of business cycle. There is no assurance that the investment objective of the Scheme will be achieved.

BenchmarkNifty 500 TRI

Launched17 Dec 2024

Fund houseDSP Mutual Fund

Fund managersAnish TawakleySandeep YadavAparna Karnik

NAV history

Returns

1 week

+8.63%avg 5.4%

1 month

+8.39%avg 2.9%

3 months

+0.95%avg -1.9%

6 months

+3.27%avg 3.1%

This year

+3.26%avg 3.2%

1 year

+3.77%avg 3.7% · #118/280

Bars: this plan; the thin mark is the Sectoral / Thematic average (regular plans, growth option). Over a year: yearly averages (CAGR). Past returns do not guarantee future returns. Information only, not investment advice.

Monthly returns (%)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2024												+0.7
2025	-6.5	-8.3	+8.7	+1.8	+2.9	+4.1	-1.8	-2.2	+1.6	+3.3	+1.0	-0.6
2026	-1.1	+2.0	-10.7	+9.3	-0.6	+2.7	+1.3	-1.0	-5.4	-0.4	+8.6

Each month's change in NAV (the current month to the latest NAV).

What if you had invested?

Amount (₹) Started

Worked out from this plan's actual NAVs. SIP: invested on the first NAV of each month. Taxes and exit loads are not included. Past returns do not guarantee future returns. Information only, not investment advice.

Portfolio as on 30 Sept 2026

Stocks held5558 lines in all

Top 10 stocks47.5%of the fund

Short positions-9.7%sold through derivatives

Net equity83.7%long stocks and derivatives minus shorts

Where the money is

Equity 82.7%Derivatives (long) 10.8%Cash & others 6.5%Short -9.7%

Sectors (stocks held)

Banks

26.2%

Automobiles

9.5%

Insurance

5.3%

Telecom - Services

4.9%

Petroleum Products

4.6%

Cement & Cement Products

4.2%

Consumer Durables

4.0%

Construction

4.0%

Changes since 31 Aug 2026

Share of fund	30 Sept 2026	31 Aug 2026	Change
Stocks held	82.7%	83.3%	-0.57
Short positions	-9.7%	-8.5%	-1.28
Derivatives (long)	10.8%	9.9%	+0.85
Cash & others	6.5%	6.8%	-0.26
Top 10 stocks	47.5%	47.4%	+0.15
Number of stocks	55	52	+3

New stocks 3

Nuvoco Vistas Corporation Limited0.28%
Computer Age Management Services Limited0.24%
GSPL Transmission Limited0.05%

Bought more 4

HDFC Bank Limited+1.06
ICICI Bank Limited+0.41
Timken India Limited+0.38
ICICI Prudential Life Insurance Co Limited+0.32

Cut back 4

Nippon Life India Asset Management Limited-0.42
Axis Bank Limited-0.35
Info Edge (India) Limited-0.33
Mahindra & Mahindra Limited-0.25

Change is in percentage points. Bought more and cut back list stocks whose share of the fund moved by at least 0.25 points. A share can also move because the price changed, not only because the fund traded.

Stocks held 55

Holding	Sector / type	% of fund
ICICI Bank Limited INE090A01021	Banks	9.85%
HDFC Bank Limited INE040A01034	Banks	9.55%
Axis Bank Limited INE238A01034	Banks	5.42%
Bharti Airtel Limited INE397D01024	Telecom - Services	4.44%
Larsen & Toubro Limited INE018A01030	Construction	3.98%
Reliance Industries Limited INE002A01018	Petroleum Products	3.12%
Mahindra & Mahindra Limited INE101A01026	Automobiles	3.11%
NTPC Limited INE733E01010	Power	2.71%
Ultratech Cement Limited INE481G01011	Cement & Cement Products	2.68%
DLF Limited INE271C01023	Realty	2.67%
Asian Paints Limited INE021A01026	Consumer Durables	2.63%
Maruti Suzuki India Limited INE585B01010	Automobiles	2.30%
Hero MotoCorp Limited INE158A01026	Automobiles	2.28%
HDFC Life Insurance Co Limited INE795G01014	Insurance	1.61%
Hyundai Motor India Limited INE0V6F01027	Automobiles	1.45%
Schaeffler India Limited INE513A01022	Auto Components	1.24%
Page Industries Limited INE761H01022	Textiles & Apparels	1.19%
Voltas Limited INE226A01021	Consumer Durables	1.18%
Interglobe Aviation Limited INE646L01027	Transport Services	1.13%
Shree Cement Limited INE070A01015	Cement & Cement Products	1.06%
Power Grid Corporation of India Limited INE752E01010	Power	1.04%
Life Insurance Corporation Of India INE0J1Y01017	Insurance	0.96%
Multi Commodity Exchange Of India Limited INE745G01043	Capital Markets	0.95%
Oil & Natural Gas Corporation Limited INE213A01029	Oil	0.93%
ICICI Prudential Life Insurance Co Limited INE726G01019	Insurance	0.86%
State Bank of India INE062A01020	Banks	0.85%
Info Edge (India) Limited INE663F01032	Retailing	0.83%
Bharat Petroleum Corporation Limited INE029A01011	Petroleum Products	0.81%
Apollo Tyres Limited INE438A01022	Auto Components	0.78%
United Breweries Limited INE686F01025	Beverages	0.77%
SBI Life Insurance Co Limited INE123W01016	Insurance	0.77%
Hindustan Petroleum Corporation Limited INE094A01015	Petroleum Products	0.68%
Max Financial Services Limited INE180A01020	Insurance	0.68%
Timken India Limited INE325A01013	Industrial Products	0.66%
Bayer Cropscience Limited INE462A01022	Fertilizers & Agrochemicals	0.66%
Carborundum Universal Limited INE120A01034	Industrial Products	0.60%
Bank of Baroda INE028A01039	Banks	0.53%
HDFC Asset Management Co Limited INE127D01025	Capital Markets	0.52%
Sudarshan Chemical Industries Limited INE659A01023	Chemicals & Petrochemicals	0.46%
Nippon Life India Asset Management Limited INE298J01013	Capital Markets	0.46%
Hindustan Aeronautics Limited INE066F01020	Aerospace & Defense	0.45%
Indus Towers Limited INE121J01017	Telecom - Services	0.43%
Canara HSBC Life Insurance Co Limited INE01TY01017	Insurance	0.41%
TVS Motor Co Limited INE494B01023	Automobiles	0.39%
Siemens Limited INE003A01024	Electrical Equipment	0.39%
Trent Limited INE849A01020	Retailing	0.37%
Nuvoco Vistas Corporation Limited INE118D01016	Cement & Cement Products	0.28%
Aditya Birla Sun Life AMC Limited INE404A01024	Capital Markets	0.27%
Computer Age Management Services Limited INE596I01020	Capital Markets	0.24%
La Opala RG Limited INE059D01020	Consumer Durables	0.23%
Atul Limited INE100A01010	Chemicals & Petrochemicals	0.22%
Chalet Hotels Limited INE427F01016	Leisure Services	0.21%
Siemens Energy India Limited INE1NPP01017	Electrical Equipment	0.21%
Birla Corporation Limited INE340A01012	Cement & Cement Products	0.16%
GSPL Transmission Limited INE1TUG01013	Gas	0.05%

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Short positions 1

Holding	Sector / type	% of fund
Net Receivables/Payables	–	-9.74%

Derivatives, debt, money market and cash 2

Holding	Sector / type	% of fund
TREPS / Reverse Repo Investments	–	16.26%
NIFTY Oct26	Index Futures	10.77%

From the fund house's monthly portfolio (dspim.com), as on 30 Sept 2026. Percentages are of the fund's net assets; short positions are negative. Published about ten days after each month ends.

Risk

Volatility14.5%yearly, from daily NAVs

Worst fall-14.67%3 Jan 2025 → 28 Feb 2025

RiskometerVery HighVery High

Volatility: how much the NAV moves, as a yearly figure (higher = bumpier). Worst fall: the biggest drop from a high, in the NAV history we hold (from 20 Dec 2024).

Where it can invest (limits from the scheme document)

A. Equity and Equity related instruments based on business cycle

80–100%

B. Equity and Equity related instruments other than business cycle

0–20%

C. Debt and Money Market Instruments

0–20%

D. Units issued by InvITs

0–10%

The ranges the fund is allowed to hold, not what it holds today.

Fund details

Fund size (average AUM, July - September 2026)	₹1,423 cr across all plans · this plan ₹1,279 cr
Fund house	DSP Mutual Fund
Category	Equity · Sectoral / Thematic
Plan	Regular
Option	Growth
Expense ratio (TER)	Direct 1.10% · Regular 2.51% (5 Nov 2026)
Exit load	If the units redeemed or switched out on or before 1 month from the date of allotment - 0.5%, If units are redeemed or switched out after 1 month from the date of allotment - Nil
Minimum investment	₹100 · additional ₹100
Scheme code (AMFI)	153122
ISIN	INF740KA1US7
NAV date	6 Nov 2026

Scheme details from the fund's scheme summary document filed with AMFI; expense ratios from AMFI's daily filings.

Other plans of this fund

Plan	NAV	1 year
Direct · Growth	₹10.9180	+5.33%
Direct · IDCW	₹10.9180	+5.33%
Regular · IDCW	₹10.6120	+3.77%

Top Sectoral / Thematic funds (regular plans)

Fund	1 year	3 years (a year)
Nippon India Taiwan Equity Fund	+37.70%	+40.44%
HDFC Defence Fund	+19.63%	+33.69%
HDFC Pharma and Healthcare Fund	+26.81%	+30.17%
SBI HEALTHCARE OPPORTUNITIES FUND	+21.11%	+24.39%
HDFC Transportation and Logistics Fund	+8.74%	+23.82%
UTI - Healthcare Fund	+17.70%	+23.50%
Mirae Asset Healthcare Fund	+22.57%	+23.40%
BANK OF INDIA MANUFACTURING & INFRASTRUCTURE FUND	+16.15%	+22.19%
DSP Business Cycle Fund	+3.77%	–

All Sectoral / Thematic funds ranked › · Compare with others ›

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Information only, not investment advice.

What is the NAV of DSP Business Cycle Fund - Regular Plan - Growth today?

₹10.6120 as of 6 Nov 2026, from AMFI's official NAV data.

What are the returns of DSP Business Cycle Fund - Regular Plan - Growth?

1 year: 3.77%

How does DSP Business Cycle Fund rank in its category?

118 of 280 Sectoral / Thematic funds (regular plans, growth option) by 1-year return.

What is the difference between direct and regular plans?

Both invest in the same portfolio. Direct plans are bought straight from the fund house and pay no distributor commission, so their expenses are lower and their NAV grows slightly faster.