Markets / Mutual funds / Sectoral / Thematic
DSP Mutual Fund · Equity fund · Regular plan · IDCW
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.
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.
| 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 | +6.7 |
Each month's change in NAV (the current month to the latest NAV).
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.
| 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 |
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.
| Holding | % of fund |
|---|---|
| ICICI Bank Limited INE090A01021 | 9.85% |
| HDFC Bank Limited INE040A01034 | 9.55% |
| Axis Bank Limited INE238A01034 | 5.42% |
| Bharti Airtel Limited INE397D01024 | 4.44% |
| Larsen & Toubro Limited INE018A01030 | 3.98% |
| Reliance Industries Limited INE002A01018 | 3.12% |
| Mahindra & Mahindra Limited INE101A01026 | 3.11% |
| NTPC Limited INE733E01010 | 2.71% |
| Ultratech Cement Limited INE481G01011 | 2.68% |
| DLF Limited INE271C01023 | 2.67% |
| Asian Paints Limited INE021A01026 | 2.63% |
| Maruti Suzuki India Limited INE585B01010 | 2.30% |
| Hero MotoCorp Limited INE158A01026 | 2.28% |
| HDFC Life Insurance Co Limited INE795G01014 | 1.61% |
| Hyundai Motor India Limited INE0V6F01027 | 1.45% |
| Schaeffler India Limited INE513A01022 | 1.24% |
| Page Industries Limited INE761H01022 | 1.19% |
| Voltas Limited INE226A01021 | 1.18% |
| Interglobe Aviation Limited INE646L01027 | 1.13% |
| Shree Cement Limited INE070A01015 | 1.06% |
| Power Grid Corporation of India Limited INE752E01010 | 1.04% |
| Life Insurance Corporation Of India INE0J1Y01017 | 0.96% |
| Multi Commodity Exchange Of India Limited INE745G01043 | 0.95% |
| Oil & Natural Gas Corporation Limited INE213A01029 | 0.93% |
| ICICI Prudential Life Insurance Co Limited INE726G01019 | 0.86% |
| State Bank of India INE062A01020 | 0.85% |
| Info Edge (India) Limited INE663F01032 | 0.83% |
| Bharat Petroleum Corporation Limited INE029A01011 | 0.81% |
| Apollo Tyres Limited INE438A01022 | 0.78% |
| United Breweries Limited INE686F01025 | 0.77% |
| SBI Life Insurance Co Limited INE123W01016 | 0.77% |
| Hindustan Petroleum Corporation Limited INE094A01015 | 0.68% |
| Max Financial Services Limited INE180A01020 | 0.68% |
| Timken India Limited INE325A01013 | 0.66% |
| Bayer Cropscience Limited INE462A01022 | 0.66% |
| Carborundum Universal Limited INE120A01034 | 0.60% |
| Bank of Baroda INE028A01039 | 0.53% |
| HDFC Asset Management Co Limited INE127D01025 | 0.52% |
| Sudarshan Chemical Industries Limited INE659A01023 | 0.46% |
| Nippon Life India Asset Management Limited INE298J01013 | 0.46% |
| Hindustan Aeronautics Limited INE066F01020 | 0.45% |
| Indus Towers Limited INE121J01017 | 0.43% |
| Canara HSBC Life Insurance Co Limited INE01TY01017 | 0.41% |
| TVS Motor Co Limited INE494B01023 | 0.39% |
| Siemens Limited INE003A01024 | 0.39% |
| Trent Limited INE849A01020 | 0.37% |
| Nuvoco Vistas Corporation Limited INE118D01016 | 0.28% |
| Aditya Birla Sun Life AMC Limited INE404A01024 | 0.27% |
| Computer Age Management Services Limited INE596I01020 | 0.24% |
| La Opala RG Limited INE059D01020 | 0.23% |
| Atul Limited INE100A01010 | 0.22% |
| Chalet Hotels Limited INE427F01016 | 0.21% |
| Siemens Energy India Limited INE1NPP01017 | 0.21% |
| Birla Corporation Limited INE340A01012 | 0.16% |
| GSPL Transmission Limited INE1TUG01013 | 0.05% |
| Holding | % of fund |
|---|---|
| Net Receivables/Payables | -9.74% |
| Holding | % of fund |
|---|---|
| TREPS / Reverse Repo Investments | 16.26% |
| NIFTY Oct26 | 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.
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).
The ranges the fund is allowed to hold, not what it holds today.
| Fund size (average AUM, July - September 2026) | ₹1,423 cr across all plans · this plan ₹2.78 cr |
| Fund house | DSP Mutual Fund |
| Category | Equity · Sectoral / Thematic |
| Plan | Regular |
| Option | IDCW |
| 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) | 153120 |
| ISIN | INF740KA1UT5 |
| NAV date | 5 Nov 2026 |
Scheme details from the fund's scheme summary document filed with AMFI; expense ratios from AMFI's daily filings.
| Plan | NAV | 1 year |
|---|---|---|
| Direct · Growth | ₹10.7190 | +2.82% |
| Direct · IDCW | ₹10.7190 | +2.82% |
| Regular · Growth | ₹10.4190 | +1.31% |
| Fund | 1 year | 3 years (a year) |
|---|---|---|
| Nippon India Taiwan Equity Fund | +47.19% | +43.51% |
| HDFC Defence Fund | +17.69% | +34.19% |
| HDFC Pharma and Healthcare Fund | +24.81% | +29.79% |
| SBI HEALTHCARE OPPORTUNITIES FUND | +19.79% | +24.25% |
| HDFC Transportation and Logistics Fund | +7.84% | +24.00% |
| UTI - Healthcare Fund | +16.17% | +23.25% |
| Mirae Asset Healthcare Fund | +20.29% | +22.85% |
| BANK OF INDIA MANUFACTURING & INFRASTRUCTURE FUND | +14.95% | +22.27% |
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Information only, not investment advice.
₹10.4190 as of 5 Nov 2026, from AMFI's official NAV data.
1 year: 1.31%
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.