DSP Equity Savings Fund Direct IDCW NAV today
AMFI: 136568ISIN: INF740KA1512MUTF_IN: DSP_EQUI_SAVI_13XNNACDSP Mutual FundEquity Savings funds
NAV ₹13.4930
NAV for 23 Oct 2026. Declared once a day.
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month.
- ₹3,087 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it.
- 1.10%19 Oct 2026
- Exit loadExit load. A charge, as a share of the amount redeemed, on units sold before a set period has passed since they were bought.
- None
- P/EP/E. What the fund pays for each rupee of yearly profit its companies earn: the total value of its shares divided by those companies' last four quarters of profit, each in proportion to what the fund holds. The profit leaves out one-off items (exceptional items and businesses sold or demerged), so one company's one-off gain cannot make the fund look cheap. A loss-making company lowers the profit. Shown when at least 80% of the fund's shares are counted.
- 20.130 Sep 2026
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- ModerateAug 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures.
- 8330 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer.
- 28 Mar 2016
DSP Equity Savings Fund returns
Read from the direct plan's growth option: an IDCW plan's NAV falls by every payout, so it carries no return of its own
Over each window to 23 Oct 2026
| Over | ReturnTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. | Rank in categoryRank in category. The fund's place among the funds of its category with a return over the same window, highest return first. | Category medianCategory median. The middle return of the funds in the category over the same window: half returned more, half less. | Middle halfMiddle half of the category. The returns of the fund a quarter of the way down the category and the fund a quarter of the way up, over the same window: half the category's funds returned between the two. |
|---|---|---|---|---|---|
| 1 week | −0.91% | – | – | – | – |
| 1 month | −1.24% | – | 5 of 24 | −1.81% | −2.4% to −1.4% |
| 3 months | −1.14% | – | 15 of 24 | −1.00% | −1.3% to −0.4% |
| 6 months | −0.16% | – | 18 of 24 | +0.36% | −0.2% to +1.6% |
| 1 year | −0.17% | +1.54%to 30 Sep 2026 | 20 of 24 | +1.29% | −0.1% to +2.6% |
| 3 years | +8.07% | +7.06%to 30 Sep 2026 | 10 of 21 | +7.97% | +7.1% to +9.0% |
| 5 years | +7.32% | +6.62%to 30 Sep 2026 | 11 of 21 | +7.32% | +6.5% to +7.9% |
| 10 years | +8.27% | +8.43%to 30 Sep 2026 | 8 of 14 | +8.54% | +7.5% to +9.5% |
₹10,000 put in on 30 Mar 2016 is ₹24,735 at the NAV of 23 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load.Over a year and longer, a return is the yearly rate. Benchmark: Nifty Equity Savings Index, over the same days as the fund, or to the month end its cell names. Rank, median and middle half among the Direct plans of Equity Savings funds, each fund's return to its latest NAV on or before 25 Oct 2026.
At the month end, 30 Sep 2026
| Over | FundTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer. |
|---|---|---|
| 1 year | +1.92% | +1.54% |
| 3 years | +8.12% | +7.06% |
| 5 years | +7.28% | +6.62% |
| 10 years | +8.49% | +8.43% |
| Since launch | +9.08% | +8.79% |
Benchmark: Nifty Equity Savings Index. Both as the fund house states them for the month.
Return in each calendar year
- Fund, Direct GrowthCalendar year return. The change in NAV from the last NAV of one year to the last NAV of the next.
Highest year to Dec 2017, +17.2%; lowest year to Dec 2018, +0.1%
DSP Equity Savings Fund SIP returns
₹10,000 on the 1st of every month, valued at the NAV of 23 Oct 2026
| Period | InvestedAmount invested. ₹10,000 on the 1st of every month, or the next day the fund priced, added up over the period. | Value todayValue today. What the units bought by every instalment are worth at the latest NAV. | Invested against value today | SIP returnSIP return (XIRR). The yearly rate that, applied to each monthly instalment from the day it was invested, gives the value of all the units today. | After stamp dutySIP return after stamp duty. The same SIP return with stamp duty of 0.005% taken from every instalment since 1 Jul 2020, so ₹10,000 buys ₹9,999.50 of units. | Stamp dutyStamp duty paid. The stamp duty on all the instalments, in rupees: 0.005% of each purchase made since 1 Jul 2020. |
|---|---|---|---|---|---|---|
| 1 year12 instalments | ₹1,20,000 | ₹1,19,450₹1,19,444 after stamp duty | −0.89% | −0.90% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹3,82,852₹3,82,833 after stamp duty | +4.10% | +4.09% | ₹18 | |
| 5 years60 instalments | ₹6,00,000 | ₹7,11,897₹7,11,862 after stamp duty | +6.83% | +6.83% | ₹30 | |
| 10 years120 instalments | ₹12,00,000 | ₹18,47,095₹18,47,046 after stamp duty | +8.39% | +8.39% | ₹38 | |
| Since Mar 2016127 instalments | ₹12,70,000 | ₹20,12,350₹20,12,301 after stamp duty | +8.43% | +8.43% | ₹38 |
From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Rolling returns
Per cent a year, every window from 30 Mar 2016 to 23 Oct 2026
Lowest to highestAverage
LowestLowest rolling return. The worst yearly return of any window of this length in the fund's history, one window starting on each day it priced.AverageAverage rolling return. The average of the yearly returns of every window of this length in the fund's history.HighestHighest rolling return. The best yearly return of any window of this length in the fund's history.Ended higherWindows that ended higher. The share of all the windows of this length in which the NAV ended above where it started.
1 year2,360 windows−12.2%+9.4%+37.4%93.8%
3 years1,864 windows0.0%+9.5%+16.7%99.9%
5 years1,373 windows+7.1%+9.8%+15.8%100.0%
10 yearsLaunched 28 Mar 2016, needs 11 years of history
Every 5-year window ended higher than it started.From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
DSP Equity Savings Fund expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
- Regular over directDirect and regular plan cost gap. The regular plan's expense ratio less the direct plan's: what buying through a distributor costs each year, since both plans own the same portfolio.
- 0.85 ptsA year, on 19 Oct 2026
- Direct, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 1.10%Over the last 20 days filed
- Regular, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 1.95%Over the last 20 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 1.11%, Sep 2026.Direct plan lowest 0.35%, Jul 2025.
What the expense ratio is made of
| Part | Direct | Regular |
|---|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. | 0.60% | 1.32% |
| Brokerage | 0.08% | 0.08% |
| Transaction costs | 0.02% | 0.02% |
| Statutory levies | 0.40% | 0.53% |
Per cent of assets a year, filed for 19 Oct 2026. The parts add up to that day's total.
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase.
- ₹100
- Minimum top-up
- ₹100
- Minimum redemption
- ₹100
- SIP
- Accepted
- SIP minimum
- Rs. 100/- for all frequencies
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold.
- None
- SIP instalments, at least
- Minimum 12 installments for all frequencies
- SIP dates
- 01,02,03,04,05,06,07,08,09,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31
As listed for this plan on 24 Oct 2026.
DSP Equity Savings Fund AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹3,334 CrQuarter to Sep 2026
- In the direct plansShare of assets in the direct plans. The direct plans' average assets for the quarter as a percentage of the fund's total; the rest is in the regular plans, bought through distributors.
- 52.0%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
Largest ₹3,879 Cr, quarter to Dec 2025.
Assets at each month end
Highest ₹3,935 Cr, Nov 2025.Lowest ₹361 Cr, Apr 2021.
DSP Equity Savings Fund portfolio
Portfolio disclosed for 30 Sep 2026.
Holdings on 30 Sep 2026
| Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month. | Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | Yield to maturity. The yearly return the fund's bonds would earn if each were held to maturity at today's price, weighted by what the fund holds of each. | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. | ||||
|---|---|---|---|---|---|---|---|
| HDFC BankBanks | Shares | Large cap2nd | 7.25% | 223.90 | 31,59,362 | – | Feb 2023 |
| Axis BankBanks | Shares | Large cap15th | 4.69% | 144.80 | 11,81,079 | – | Oct 2019 |
| Kotak Mahindra BankBanks | Shares | Large cap16th | 3.68% | 113.62 | 27,24,585 | – | Aug 2023 |
| ITCDiversified FMCG | Shares | Large cap17th | 3.24% | 100.03 | 38,06,868 | – | Mar 2021 |
| Mahindra & MahindraAutomobiles | Shares | Large cap14th | 3.10% | 95.77 | 3,24,639 | – | Jan 2024 |
| Reliance IndustriesPetroleum Products | Shares | Large cap1st | 3.10% | 95.61 | 8,05,500 | – | Jun 2021 |
| 6.87% GOI FRB 22092033Sovereign, repaid 22 Sep 2033 | Bonds and bills | 2.87% | 88.76 | 85,00,000 | 6.15% | Oct 2024 | |
| NTPCPower | Shares | Large cap20th | 2.46% | 75.82 | 23,49,112 | – | Nov 2023 |
| ICICI BankBanks | Shares | Large cap5th | 2.34% | 72.37 | 5,47,515 | – | Mar 2018 |
| Vodafone IdeaTelecom - Services | Shares | Large cap83rd | 2.28% | 70.35 | 5,43,21,000 | – | Jul 2023 |
| 7.38% GOI 20062027Sovereign, 7.38% coupon, repaid 20 Jun 2027 | Bonds and bills | 2.17% | 66.90 | 65,00,000 | 6.13% | Sep 2022 | |
| CiplaPharmaceuticals & Biotechnology | Shares | Large cap99th | 2.07% | 63.85 | 4,74,366 | – | Jun 2020 |
| Bharti AirtelTelecom - Services | Shares | Large cap3rd | 2.04% | 63.01 | 3,58,625 | – | Mar 2024 |
| Hindalco IndustriesNon - Ferrous Metals | Shares | Large cap39th | 1.86% | 57.36 | 6,09,000 | – | Jan 2024 |
| Indus TowersTelecom - Services | Shares | Large cap92nd | 1.82% | 56.18 | 15,05,314 | – | Jun 2023 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Futures and options on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | |||
|---|---|---|---|
| Axis Bank Limited Oct26 | −3.43% | −105.82 | −8,61,875 |
| Reliance Industries Limited Oct26 | −3.11% | −96.00 | −8,05,500 |
| Vodafone Idea Limited Oct26 | −2.28% | −70.51 | −5,43,21,000 |
| HDFC Bank Limited Oct26 | −2.26% | −69.63 | −9,73,050 |
| Bharti Airtel Limited Oct26 | −2.05% | −63.35 | −3,58,625 |
| Hindalco Industries Limited Oct26 | −1.87% | −57.84 | −6,09,000 |
| Kotak Mahindra Bank Limited Oct26 | −1.79% | −55.11 | −13,22,000 |
| Larsen & Toubro Limited Oct26 | −1.78% | −55.06 | −1,46,300 |
| Sun Pharmaceutical Industries Limited Oct26 | −1.77% | −54.56 | −2,97,850 |
| Titan Co Limited Oct26 | −1.57% | −48.43 | −1,04,650 |
| Mahindra & Mahindra Limited Oct26 | −1.18% | −36.36 | −1,23,200 |
| NTPC Limited Oct26 | −1.11% | −34.30 | −10,68,000 |
| ITC Limited Oct26 | −1.02% | −31.55 | −11,97,150 |
| Bandhan Bank Limited Oct26 | −0.99% | −30.50 | −17,02,800 |
| Bank of Baroda Oct26 | −0.99% | −30.69 | −13,19,175 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Cash and receivables on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | ||
|---|---|---|
| TREPS / Reverse Repo Investments | 2.86% | 88.27 |
| Net Receivables/Payables | 1.50% | 45.87 |
Weight is per cent of the fund's net assets; value in ₹ crore.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions.
- 7.25%HDFC Bank
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions.
- 21.96%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions.
- 35.01%
- Top 10 sharesTop 10 shares. The share of the fund held in its ten largest shareholdings, bonds and fund units left out.
- 34.21%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights.
- 41.9Taken over 95.30% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought.- Indian shares68.71%
- Bonds and bills25.46%
- REIT and InvIT units1.13%
- Cash and receivables4.36%
- Futures and options, netFutures and options, net. The value of the shares or bonds the fund's contracts are written on, as a share of its net assets, a sold contract counted as a minus: a hedged fund's sold futures offset the shares it holds.−32.73%
- Futures and options, grossFutures and options, gross. The value the fund's contracts are written on, as a share of its net assets, counting each contract as a plus whichever way it faces.33.41%
Per cent of the fund's net assets.
Large, mid and small cap
Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month.- Large cap83.02%Category 78.12%
- Mid cap8.89%Category 13.78%
- Small cap8.09%Category 7.50%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026. Category is the average of 24 Equity Savings funds.
Sector allocation
Sector weight. The fund's shares grouped by the business each company is in, less the futures sold on them, each group as a share of the fund's net assets.11sectors
- Financial Services16.06%Category 10.24%
- Healthcare4.97%Category 3.27%
- Automobile And Auto Components3.84%Category 2.63%
- Oil Gas & Consumable Fuels2.45%Category 1.94%
- Fast Moving Consumer Goods2.22%Category 1.84%
- Consumer Durables1.57%Category 0.98%
- Power1.35%Category 1.16%
- Information Technology1.32%Category 1.75%
- Telecommunication1.15%Category 1.27%
- Chemicals0.54%Category 0.65%
- Realty0.17%Category 0.07%
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026. Category is the average of 24 Equity Savings funds. Category average. The sector's weight, less the futures sold on it, averaged over the 24 Equity Savings funds that disclosed a portfolio for Sep 2026. A fund holding none of the sector counts as 0.
Sector allocation month by month
| 13 months | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial Services15 companies | 16.06% | 14.66% | 14.33% | 15.52% | 14.79% | 14.90% | 15.23% | 14.93% | 14.39% | 12.97% | 13.77% | 13.32% | |
| Healthcare8 companies | 4.97% | 4.94% | 4.64% | 4.79% | 4.45% | 4.38% | 3.61% | 3.62% | 3.45% | 3.68% | 3.59% | 3.50% | |
| Automobile And Auto Components4 companies | 3.84% | 3.89% | 3.92% | 3.17% | 3.15% | 3.21% | 3.01% | 2.30% | 2.70% | 2.86% | 2.83% | 2.65% | |
| Oil Gas & Consumable Fuels6 companies | 2.45% | 2.34% | 1.98% | 1.49% | 1.43% | 1.18% | 1.58% | 1.98% | 2.29% | 2.55% | 2.45% | 2.51% | |
| Fast Moving Consumer Goods2 companies | 2.22% | 1.99% | 2.15% | 2.13% | 2.13% | 2.31% | 2.09% | 2.17% | 1.69% | 1.91% | 1.89% | 2.02% | |
| Consumer Durables3 companies | 1.57% | 1.57% | 1.49% | 1.34% | 1.32% | 1.16% | 0.96% | 0.96% | 0.80% | 0.83% | 0.94% | 0.76% | |
| Power3 companies | 1.35% | 1.28% | 1.31% | 0.94% | 0.42% | 0.43% | 1.10% | 0.89% | 1.53% | 1.40% | 1.36% | 1.35% | |
| Information Technology2 companies | 1.32% | 1.38% | 1.26% | 1.28% | 1.46% | 1.44% | 2.16% | 2.18% | 2.95% | 2.85% | 3.05% | 3.01% | |
| Telecommunication3 companies | 1.15% | 1.00% | 0.87% | 0.85% | 0.94% | 0.89% | 0.64% | 0.44% | 0.56% | 0.52% | 0.54% | 0.49% | |
| Chemicals1 company | 0.54% | 0.56% | 1.05% | 0.99% | 0.96% | 0.52% | 0.39% | 0.40% | 0.43% | 0.47% | 0.47% | 0.47% | |
| Realty1 company | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Capital Goods2 companies | 0.00% | −0.01% | −0.01% | −0.01% | −0.01% | 0.00% | −0.01% | 0.00% | −0.01% | 0.00% | −0.01% | 0.00% |
Per cent of the fund's net assets, less the futures sold on its shares, at each month end, Oct 2025 to Sep 2026; the line runs from Sep 2025.
- Yield to maturityYield to maturity. The yearly return the fund's bonds would earn if each were held to maturity at today's price, weighted by what the fund holds of each.
- 7.34%Lines stating a yield: 89.90% of the bond book
- Yield after expensesYield after expenses. The yield to maturity less the plan's expense ratio.
- 6.23%Direct plan
- Maturity date knownMaturity date known. The share of the bond book, perpetual bonds left out, whose repayment date is known: the bonds the durations and the maturity profile are taken over.
- 100.00%Of the bond book, perpetual bonds left out
- Perpetual bondsPerpetual bonds. Bonds with no maturity date: the issuer pays interest with no fixed day to repay. Their share of the bond book; they are in no duration and no maturity window.
- None
The bond book is the fund's bonds, bills and overnight lending.
Credit rating
Credit rating. A rating agency's grade for how likely the borrower is to repay on time: AAA down to D for loans of over a year, A1+ down to A4 for loans of under a year, two scales that are never compared.Loans of over a year
- Sovereign10.44%
- AAA11.80%
- AA0.85%
Loans of under a year
- A1+2.37%
Other
- Overnight lending2.86%
Per cent of the fund's net assets. A grade is stated for 100.00% of the bonds.
Maturity profile
Maturity profile. The fund's bonds grouped by how long until each is repaid, as a share of the fund's net assets; a bond with no known maturity date is left off.- Up to 1 month2.86%
- 1 to 3 months0.83%
- 3 to 6 months2.37%
- 6 to 12 months2.17%
- 1 to 3 years8.63%
- 3 to 5 years3.08%
- 5 to 10 years5.81%
- Over 10 years2.57%
Per cent of the fund's net assets, over the bonds whose maturity date is known; perpetual bonds have none.
- Largest borrowerLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out.
- 3.20%HDFC Bank Limited
- Top 5 borrowersLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out.
- 10.91%
- Top 10 borrowersLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out.
- 15.02%
Per cent of the fund's net assets. Lent outside the government: 15.02% of the fund, to 10 borrowers; the borrower is named for 100.00% of it, its group for 32.89%.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before.
- 3835.68% of the fund
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date.
- 5742.11% of the fund before
- MaturedMatured. Bonds and deposits whose repayment date fell between the two portfolios, so they were repaid rather than sold. One sold in its last days reads the same.
- 1
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth.
- 1
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth.
- 5
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price.
- 73
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month.
- 35.68%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it.
- 42.15%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. | ||||
|---|---|---|---|---|---|
| Bajaj Finance | Sold out | – | 2.13% | −2.13 pts | −6,65,250 |
| Eicher Motors | Sold out | – | 1.11% | −1.11 pts | −46,300 |
| HDFC Asset Management Company | New | 0.97% | 0.00% | +0.97 pts | +1,31,537 |
| Knowledge Realty Trust | New | 0.82% | 0.00% | +0.82 pts | +22,35,182 |
| Bajaj Finance Limited | Sold out | – | 0.75% | −0.75 pts | −500 |
| Canara Bank | Sold out | – | 0.73% | −0.73 pts | −500 |
| HDFC Bank Limited | Trimmed | 0.79% | 1.46% | −0.67 pts | −500 |
| Bharat Electronics | Trimmed | 0.08% | 0.52% | −0.44 pts | −3,54,825 |
| Brookfield India Real Estate Trust | New | 0.31% | 0.00% | +0.31 pts | +2,80,530 |
| Oberoi Realty | New | 0.17% | 0.00% | +0.17 pts | +30,217 |
| Apollo Hospitals Enterprise | Sold out | – | 0.13% | −0.13 pts | −4,875 |
| Hero MotoCorp | Trimmed | 0.97% | 1.08% | −0.11 pts | −8,250 |
| Hindustan Petroleum Corporation | Trimmed | 0.20% | 0.29% | −0.09 pts | −83,025 |
| Aditya Birla Capital | Sold out | – | 0.08% | −0.08 pts | −68,200 |
| Aurobindo Pharma | Sold out | – | 0.07% | −0.07 pts | −14,300 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points. Securities only: 78 futures, options and cash lines that changed are not listed.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 HDFC Bank | 5.77% | 5.75% | 5.70% | 6.66%Added | 7.37%Added | 7.08%Added | 7.54% | 7.40% | 7.86%Added | 6.92%Cut | 6.78% | 7.25% |
 Axis Bank | 4.41%Added | 4.66%Added | 4.66% | 5.10% | 4.50%Cut | 4.22%Added | 4.17%Cut | 4.31% | 4.47% | 4.25%Added | 4.65% | 4.69% |
 Kotak Mahindra Bank | 2.77% | 2.83%Added | 1.94%Cut | 2.12%Added | 2.52%Added | 2.49%Added | 2.72% | 3.04%Added | 3.08% | 3.58%Added | 3.46%Cut | 3.68% |
 ITC | 3.32%Added | 3.13%Added | 3.15% | 2.70%Added | 3.18%Added | 3.06% | 3.38% | 3.14% | 3.11%Added | 3.14% | 2.95% | 3.24% |
 Mahindra & Mahindra | 2.74% | 2.88% | 2.87% | 2.72%Added | 2.11%Cut | 2.68%Added | 2.84% | 2.84% | 2.84% | 3.23% | 3.22% | 3.10% |
 Reliance Industries | 2.98%Added | 3.06% | 3.09% | 2.92%Added | 2.99% | 3.03% | 3.25% | 3.06% | 2.97% | 3.08% | 3.11% | 3.10% |
| 6.87% GOI FRB 22092033 | 5.97% | 5.85% | 5.92% | 6.03% | 3.83%Cut | 2.48%Cut | 2.51% | 2.57% | 2.56% | 2.65% | 2.76% | 2.87% |
 NTPC | 1.84% | 1.83%Added | 1.87% | 2.04% | 1.98%Cut | 2.02% | 1.64%Cut | 1.62% | 2.03%Added | 2.39%Added | 2.33% | 2.46% |
 ICICI Bank | 2.19% | 2.98%Added | 2.90% | 2.96% | 3.10% | 2.85% | 3.01% | 3.05% | 3.57%Added | 2.30%Cut | 2.41% | 2.34% |
 Vodafone Idea | 1.23%Added | 1.37% | 1.50% | 1.57% | 1.53% | 1.30% | 1.57% | 2.18% | 2.24% | 2.07% | 2.35% | 2.28% |
| 7.38% GOI 20062027 | 1.78% | 1.75% | 1.71% | 1.74% | 1.79% | 1.89% | 1.91% | 1.96% | 1.88% | 1.95% | 2.02% | 2.17% |
 Cipla | 1.77%Cut | 1.76% | 1.75% | 1.55% | 1.88%Added | 2.03%Added | 2.54%Added | 2.77% | 2.85%Cut | 2.05%Cut | 2.02% | 2.07% |
 Bharti Airtel | 1.66%Added | 1.66% | 1.93%Added | 1.83% | 1.79% | 1.79% | 1.91% | 1.89% | 1.89% | 2.07% | 1.97% | 2.04% |
 Hindalco Industries | 0.82% | 0.76% | 0.84% | 0.92% | 1.33%Added | 1.33% | 1.58% | 1.75% | 1.47% | 1.74%Added | 1.87% | 1.86% |
 Indus Towers | 1.68% | 1.81% | 1.86%Cut | 2.05%Added | 2.01%Cut | 2.14%Added | 2.38%Added | 2.61% | 2.29% | 1.52%Cut | 1.77%Added | 1.82% |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.
Risk ratios
NAV to 23 Oct 2026
Each bar runs from the lowest to the highest figure among the Direct plans of Equity Savings funds (21 funds) over the same 3 years; the tick is their average and the dot this fund.
How much the NAV moves
Standard deviationStandard deviation. How far the fund's monthly returns spread around their average, stated as a yearly figure: the wider the spread, the more the NAV moves.4.04%
2.70%Lowest5.09%Average8.26%Highest
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure.1.61%
1.26%Lowest2.84%Average5.26%Highest
Sharpe ratioSharpe ratio. The monthly return above the 91-day Treasury bill yield, divided by its standard deviation and stated for a year: the extra return for each unit of movement in the NAV.0.51
0.07Lowest0.41Average1.11Highest
Sortino ratioSortino ratio. The monthly return above the 91-day Treasury bill yield, divided by how far it fell below that yield and stated for a year: the extra return for each unit of movement on the way down.0.83
0.10Lowest0.60Average1.77Highest
From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. |
|---|---|---|---|---|
| 1 and 3 years | −2.74% | 6 Jan 2026 | 1 Apr 2026 | 18 Jun 2026 |
| 5 years | −4.26% | 2 Feb 2022 | 20 Jun 2022 | 1 Aug 2022 |
| 10 years and since Mar 2016 | −18.89% | 12 Feb 2020 | 23 Mar 2020 | 8 Oct 2020 |
Risk level by month
| Months | FundRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. |
|---|---|---|
| May 2025 to Aug 202616 months | Moderate | ModerateNifty Equity Savings Index |
| Dec 2024 to Apr 20255 months | Moderately High | ModerateNifty Equity Savings Index |
| Nov 2021 to Nov 202437 months | Moderate | ModerateNifty Equity Savings TRI |
| Oct 20211 month | Moderate | CRISIL Liquid Debt Index(70.00), NIFTY 500 TRI(30.00) |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
DSP Equity Savings Fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. | ||
|---|---|---|---|---|---|---|---|---|
| Abhishek SinghPrimary (Equity and Overseas portion) | May 2021 | +8.61%a year | – | – | 23.2% | 31.1% | 4 | ₹16,799 Cr |
| Kaivalya Nadkarni(Equity portion) | Oct 2024 | +3.17%a year | – | – | 22.6% | 23.0% | 11 | ₹22,103 Cr₹4,747 Cr alone |
| Shantanu Godambe(Debt portion) | Aug 2024 | +4.31%a year | – | – | 28.4% | 27.5% | 19 | ₹46,679 Cr₹2,034 Cr alone |
Returns are the direct plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Other funds they run
| Fund | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | ||
|---|---|---|---|---|---|
| DSP Aggressive Hybrid FundAbhishek Singh | Mar 2024 | +7.03%a year | – | – | ₹11,312 Cr |
| DSP Value FundAbhishek Singh | May 2026 | −1.10%over 150 days | −0.67% | −0.43 pts | ₹2,225 Cr |
| DSP Conservative Hybrid FundAbhishek Singh | May 2021 | +7.89%a year | – | – | ₹175 Cr |
| DSP Arbitrage FundKaivalya Nadkarni | Oct 2024 | +6.88%a year | – | – | ₹6,720 Cr |
| DSP Dynamic Asset Allocation FundKaivalya Nadkarni | Oct 2024 | +3.98%a year | – | – | ₹3,704 Cr |
| DSP Value FundKaivalya Nadkarni | Oct 2024 | +4.27%a year | −2.40% | +6.66 pts | ₹2,225 Cr |
| DSP World Gold Mining Overseas Equity Omni FoFKaivalya Nadkarni | May 2025 | +69.57%a year | – | – | ₹1,665 Cr |
| DSP Income Plus Arbitrage Omni FoFKaivalya Nadkarni | Mar 2025 | +5.64%a year | – | – | ₹1,621 Cr |
| DSP Global Innovation Overseas Equity Omni FoFKaivalya Nadkarni | May 2025 | +35.86%a year | – | – | ₹1,466 Cr |
| DSP US Specific Equity Omni FoFKaivalya Nadkarni | May 2025 | +45.97%a year | – | – | ₹1,280 Cr |
Up to ten funds a manager, largest first. Returns are the direct plan's.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | Shared holdings. The number of securities both funds hold, cash and futures left out. | |
|---|---|---|
| ICICI Prudential Equity Savings FundICICI Prudential Mutual Fund | 41.88% | 41 |
| UTI Equity Savings FundUTI Mutual Fund | 38.15% | 26 |
| Franklin India Equity Savings FundFranklin Templeton Mutual Fund | 37.21% | 29 |
| Nippon India Equity Savings FundNippon India Mutual Fund | 36.43% | 25 |
| HDFC Equity Savings FundHDFC Mutual Fund | 35.71% | 34 |
| Bandhan Equity Savings FundBandhan Mutual Fund | 34.62% | 23 |
| SBI Equity Savings FundSBI Mutual Fund | 32.72% | 37 |
| Sundaram Equity Savings FundSundaram Mutual Fund | 31.77% | 20 |
| Axis Equity Savings FundAxis Mutual Fund | 31.60% | 34 |
| Aditya Birla Sun Life Equity Savings FundAditya Birla Sun Life Mutual Fund | 30.31% | 35 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Overlap with the fund house's other funds
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | |
|---|---|
| DSP Aggressive Hybrid FundDSP Mutual Fund | 49.34% |
| DSP Dynamic Asset Allocation FundDSP Mutual Fund | 39.94% |
| DSP Arbitrage FundDSP Mutual Fund | 33.51% |
| DSP Conservative Hybrid FundDSP Mutual Fund | 25.52% |
| DSP Multi Asset Allocation FundDSP Mutual Fund | 24.68% |
As the fund house states it, for Sep 2026.
DSP Equity Savings Fund dividend history
IDCW (income distribution cum capital withdrawal), once called a dividend: rupees per unit, paid to holders on the record date and taken out of the NAV.Every fund's payouts
Paid per unit, the latest payouts
- Paid per unitIDCW payout. Rupees paid out per unit to holders on the record date; the money comes out of the fund, so the plan's NAV falls by the same amount.
Largest ₹0.90 a unit, Feb 2025.
Every payout
| IDCW payout. Rupees paid out per unit to holders on the record date; the money comes out of the fund, so the plan's NAV falls by the same amount. | IDCW yield. A payout as a share of the plan's NAV on the record date, before the NAV fell by the amount paid. | NAV before | NAV after | |
|---|---|---|---|---|
| 19 Feb 2026 | ₹0.80 | 5.56% | ₹14.3950 | ₹13.5930 |
| 20 Feb 2025 | ₹0.90 | 6.28% | ₹14.3260 | ₹13.4070 |
| 22 Feb 2024 | ₹0.80 | 5.83% | ₹13.7240 | ₹12.9220 |
| 28 Mar 2023 | ₹0.70 | 5.61% | ₹12.4880 | ₹11.8250 |
| 23 Feb 2023 | ₹0.80 | 5.97% | ₹13.3920 | ₹12.5830 |
| 28 Mar 2022 | ₹0.77 | 5.69% | ₹13.5300 | ₹12.8050 |
| 24 Feb 2022 | ₹0.75 | 5.31% | ₹14.1250 | ₹13.4760 |
| 26 Mar 2021 | ₹0.50 | 3.70% | ₹13.5060 | ₹13.0770 |
| 28 Mar 2019 | ₹0.500739 | 4.26% | ₹11.7410 | ₹11.2290 |
| 28 Mar 2018 | ₹0.70 | 5.85% | ₹11.9700 | ₹11.2710 |
| 29 Mar 2017 | ₹0.566 | 4.93% | ₹11.4810 | ₹10.9530 |
All 11 payouts since 29 Mar 2017.
Changes to the fund
Newest first.
2026
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
2021
- 31 DecBenchmarkBenchmark: CRISIL Liquid Debt Index(70.00), NIFTY 500 TRI(30.00) to Nifty Equity Savings TRI
Fund details
Objective
The investment objective of the Scheme is to generate income through investments in fixed income securities and using arbitrage and other derivative Strategies. The Scheme also intends to generate long-term capital appreciation by investing a portion of the Scheme’s assets in equity and equity related instruments. However, there can be no assurance that the investment objective of the scheme will be achieved.
Asset allocation
- Under normal circumstances, when adequate arbitrage opportunities are available and accessible in the cash and derivative market segment, the asset allocation of the Scheme will be as follows (Table 1): A. Equity & Equity related instruments: 65% - 90% - Of which net long equity exposure: 15% - 40%
- B. Debt and money market instruments: 10% - 35%
- C. ETCDs, InvITs, Units of Mutual Fund (including Gold ETF & Silver ETF): 0% - 25% Min Hedged - 25% Min Unhedged - 15% Min Arbitrage - 0%
- When adequate arbitrage opportunities are not available and accessible in the cash and derivative market segment (Defensive Consideration), the asset allocation of the Scheme will be as follows (Table 2): A. Equity & Equity related instruments: 15%-90% - Of which net long equity exposure: 15% - 40%
- B. Debt and money market instruments: 10% - 85%
- C. ETCDs, InvITs, Units of Mutual Fund (including Gold ETF & Silver ETF): 0% - 25% Min Hedged - 0% Min Unhedged - 15% Min Arbitrage - 0%
- For detailed asset allocation pattern, please refer to the Scheme Information Document
Type of scheme
An open ended scheme investing in equity, arbitrage and debt
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back.
- Nifty Equity Savings Index
- Risk level at launchRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Moderately High
- New fund offer
- 8 Mar 2016 to 22 Mar 2016
- Units first allotted
- 28 Mar 2016
- Open for sale again
- 31 Mar 2016
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹1,000
Plans and codes
| Plan | AMFI code | ISIN | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|---|
| Direct Growth | 136567 | INF740KA1504 | DSP_EQUI_SAVI_121XWBH | 30 Mar 2016 | |
| Regular Growth | 136563 | INF740KA1439 | DSP_EQUI_SAVI_1084BIP | 30 Mar 2016 | |
| Direct IDCW | 136568 | INF740KA1512 | INF740KA1520 | DSP_EQUI_SAVI_13XNNAC | 30 Mar 2016 |
| Regular IDCW | 136564 | INF740KA1447 | INF740KA1454 | DSP_EQUI_SAVI_459NJ6 | 30 Mar 2016 |
This fund
- Scheme information documentThe fund's objective, terms, costs and risks in full
Factsheet
- Factsheet September 2026DSP Mutual Fund, Sep 2026
Statement of additional information
- SAI DSP Mutual FundDSP Mutual Fund, Oct 2026
Annual report
- Annual Report for the Financial Year 2025 – 2026 (For all DSP Schemes)DSP Mutual Fund, Mar 2026
- Abridged Annual Reports For Financial Year 2025-26 (For our Fixed Maturity Plans (Live and Matured))DSP Mutual Fund, Mar 2026
- Abridged Annual Reports For Financial Year 2025-26 (For our Equity Schemes)DSP Mutual Fund, Mar 2026
- Abridged Annual Reports For Financial Year 2025-26 (For our Hybrid Schemes and Multi Asset Scheme)DSP Mutual Fund, Mar 2026
Riskometer disclosure
- Changes in risk level of schemes and other details during FY 2025- 2026DSP Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Portfolio overlap 30 sepDSP Mutual Fund, Sep 2026