DSP Mutual Funds – Latest DSP MF Schemes, NAV, Performance
DSP Mutual Fund, managed by DSP Asset Managers Pvt. Ltd., has been part of India’s mutual fund industry since its SEBI registration in January 1997. The company became DSP BlackRock Investment Managers Ltd. in 2008 following BlackRock’s global acquisition of Merrill Lynch’s asset management business. In 2018, DSP Group bought BlackRock’s 40% stake, leading to the current DSP Mutual Fund brand.
As of June 2025, DSP managed approximately ₹1,98,256 cr. in assets. Based on the October 2025 disclosure, the fund house’s total AUM increased to ₹2,14,885.80 cr.. DSP Mutual Fund offers 66 schemes, including 37 equity, 20 debt, 6 hybrid, and 3 in other categories, covering a wide spectrum of investment styles and themes.
Top DSP Mutual Funds
| Name | AUM(in ₹ cr.) | CAGR 5Y(%) | CAGR 3Y(%) | Expense Ratio(%) | Exit Load(%) | Alpha | Volatility | NAV(₹ per unit) |
|---|---|---|---|---|---|---|---|---|
| DSP Midcap Fund | 19609.01 | 18.96 | 21.47 | 0.67 | 1 | 6.68 | 15.93 | 168.54 |
| DSP ELSS Tax Saver Fund | 17241.31 | 22.67 | 21.04 | 0.64 | 0 | 5.25 | 12.74 | 160.89 |
| DSP Large & Mid Cap Fund | 16530.07 | 22.11 | 21.67 | 0.55 | 1 | 5.32 | 13.22 | 715.43 |
| DSP Small Cap Fund | 16496.31 | 26.08 | 21.96 | 0.77 | 1 | 12.3 | 17.6 | 217.62 |
| DSP Liquidity Fund | 16473.54 | 5.81 | 7.08 | 0.1 | 0.01 | 0.01 | 0.1 | 3856.71 |
| DSP Flexi Cap Fund | 11911.24 | 19.03 | 19.16 | 0.61 | 1 | 4.6 | 13.48 | 117.96 |
| DSP Aggressive Hybrid Fund | 11909.72 | 16.41 | 17.44 | 0.63 | 1 | -0.52 | 9.11 | 411.06 |
| DSP Savings Fund | 7524.16 | 6.01 | 7.51 | 0.15 | 0 | 0 | 0.36 | 55.66 |
| DSP Large Cap Fund | 6933.59 | 17.7 | 19.04 | 0.81 | 1 | 3.16 | 11.29 | 535.43 |
| DSP Arbitrage Fund | 6447.92 | 6.25 | 7.7 | 0.35 | 0.25 | 0.28 | 0.81 | 16.02 |
Disclaimer: Please note that the above list of the DSP mutual funds is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Mutual Fund Screener and is subject to real-time updates.
Note: The data on the list of DSP mutual funds is from 21st November 2025. This data is derived from the Tickertape Mutual Funds Screener.
- AMC: DSP Investment Managers Private Limited
- Plan: Growth
- AUM: Sorted from highest to lowest
Pro Tip: You can use Tickertape’s Mutual Fund Screener to research and evaluate funds with over 50+ pre-loaded filters and parameters.
Key Information on DSP Mutual Fund
| Founding / Setup Date | 16 December 1996 |
| AMC Incorporation Date | 13 May 1996 |
| Headquarters | Mumbai (Registered office: The Ruby, 25th Floor, 29 Senapati Bapat Marg, Dadar West, Mumbai – 400028) |
| Sponsors | DSP HMK Holdings Pvt. Ltd. and DSP Adiko Holdings Pvt. Ltd. |
| Trustee Organisation | DSP Trustee Private Limited |
| MD & CEO | Kalpen Parekh |
| Chief Investment Officer (CIO) | Not publicly specified / NA |
| Compliance Officer | Pritesh Majmudar |
| Chairperson | Aditi Kothari Desai |
| Auditor | Walker Chandiok & Co. LLP |
| Custodian | Citibank N.A. |
Overview of the top DSP Mutual Fund
DSP Midcap Fund
DSP Midcap Fund focuses on companies in the mid-cap segment. These businesses often sit between early growth phases and large established enterprises. The fund offers exposure to mid-sized companies listed in the equity market.
DSP ELSS Tax Saver Fund
DSP ELSS Tax Saver Fund is an Equity Linked Savings Scheme under Section 80C with a three-year lock-in. It mainly invests in equities and related securities and combines tax-saving eligibility with equity-based market participation.
DSP Large & Mid Cap Fund
DSP Large & Mid Cap Fund invests across large and mid-cap companies with mandatory allocation rules. The structure blends the scale of large enterprises with the growth potential of mid-cap companies under one diversified equity portfolio.
DSP Small Cap Fund
DSP Small Cap Fund invests primarily in small-cap companies. These businesses are usually at earlier development stages and represent the smaller end of the equity market, offering exposure to emerging companies within their sectors.
DSP Liquidity Fund
DSP Liquidity Fund invests in short-term money-market and debt instruments. It follows a liquid-fund structure designed for short-duration holdings, generally used for short-term surplus or temporary cash management within mutual fund formats.
DSP Flexi Cap Fund
DSP Flexi Cap Fund invests across large-cap, mid-cap and small-cap segments without fixed allocation rules. This flexible structure allows exposure across all company sizes within a single diversified equity portfolio.
DSP Aggressive Hybrid Fund
DSP Aggressive Hybrid Fund blends equity and debt in a single portfolio, with a higher weighting toward equities. The structure participates in market movements while retaining some allocation to fixed-income instruments.
DSP Savings Fund
DSP Savings Fund focuses on short-duration debt and money-market securities. It is structured for short-term investment horizons and aims to reflect relatively lower sensitivity to market fluctuations compared to long-term debt strategies.
DSP Large Cap Fund
DSP Large Cap Fund invests primarily in companies classified as large-cap under SEBI guidelines. These companies are established market participants with broad operating footprints and significant representation in benchmark indices.
DSP Arbitrage Fund
DSP Arbitrage Fund uses arbitrage opportunities between equity cash and derivatives markets while keeping most investments hedged. The structure falls under hybrid-arbitrage style funds and commonly suits short-term parking when equity exposure remains hedged.
How to Invest in the DSP Mutual Funds?
You can easily start to invest in the DSP mutual funds in India by following these steps:
- Visit an equity investment platform such as smallcase
- The next step is to research and identify the best DSP mutual funds, based on your investment thesis. Tools like the Tickertape Mutual Fund Screener can help you filter and compare funds based on parameters such as returns, expense ratio, and fund size.
- Once you shortlist the funds, visit smallcase, log in, and search for the fund by name. You can then choose the investment mode, either a one-time lump sum or a SIP investment plan, and complete the process.
Taxation on DSP Mutual Funds
DSP Mutual Fund offers equity, debt and hybrid schemes, and taxation depends on how the fund is classified under income-tax rules.
Equity Mutual Funds
| Type of Gain | Holding Period | Tax Rate |
| Short-Term Capital Gains (STCG) | Less than 12 months | 20% |
| Long-Term Capital Gains (LTCG) | More than 12 months | 12.5% (gains up to ₹1.25 lakh exempt in a financial year) |
Debt Mutual Funds
| Type of Gain | Holding Period | Tax Rate | Indexation Benefit |
| Short-Term Capital Gains (STCG) | Less than 36 months | Taxed as per income tax slab | Not applicable |
| Long-Term Capital Gains (LTCG) | More than 36 months | 12.50% | Not available |
Hybrid Mutual Funds
| Type of Hybrid Fund | STCG | LTCG | Indexation Benefit |
| Equity-Oriented Hybrid Funds | 20% for holding < 1 year | 12.5% for holding > 1 year; gains up to ₹1.25 lakh exempt | Not available |
| Debt-Oriented Hybrid Funds | Taxed as per the slab for holdings < 3 years | 12.5% for holdings > 3 years | Not available |
Top Fund Managers at DSP Mutual Funds
Vinit Sambre
Vinit Sambre leads the equities team at DSP Investment Managers. He has over two decades of market experience and joined the firm in 2007. He oversees major mid- and small-cap funds and places emphasis on identifying durable businesses that deliver over the long term. He is managing the DSP Midcap Fund and DSP Small Cap Fund.
Rohit Singhania
Rohit Singhania is the Co-Head of Equities at DSP Investment Managers. He entered the firm in September 2005 after working in equity research. He manages multiple flagship equity strategies, applying a bottom-up, valuation-driven approach across diversified and thematic portfolios. Rohit is currently managing DSP Tax Saver Fund, DSP Large & Mid Cap Fund, among others.
Aparna Karnik
Aparna Karnik heads the Quantitative Investments & Analytics (QIA) team at DSP Investment Managers. With a strong background in risk and quantitative research (including work at CRISIL), she brings analytical rigour to portfolio construction and strategy formulation. Aparna is managing DSP Value Fund and DSP Quant Fund, among others.
Anil Ghelani
Anil Ghelani is a Chartered Accountant and a CFA charter holder. He has extensive experience in the mutual fund industry and currently serves as Vice President and Portfolio Manager at DSP. His work spans investment strategy, portfolio oversight and product development.
Vinit Sambre
Vinit Sambre leads the equities team at DSP Asset Managers Pvt. Ltd. with over two decades of market experience. He drives strategy across DSP Multicap Fund, major mid- and small-cap funds, focusing on companies with sustainable business models.
Documents Required to Invest in DSP Mutual Funds
To invest in DSP Mutual Funds, a few standard documents and details are required as part of the regulatory onboarding process. These include:
- PAN Card details which are mandatory for mutual fund investments in India.
- Basic personal information, such as full name, mobile number, and email ID, for account setup and communication.
- Address proof, such as Aadhaar (front and back), passport, voter ID, or any SEBI-accepted document to verify identity and residence.
- Bank account details, along with a cancelled cheque if required, to enable transactions and payouts.
- Nominee information, which allows investors to assign beneficiaries for their investments.
- FATCA and CRS declarations which are compulsory compliance-based disclosures for taxation and reporting purposes.
Risks of Investing in DSP Mutual Funds
- Market risk in Equity Schemes: DSP runs several equity funds across large, mid and small caps. These portfolios move with the share market. Broad market declines, sector slowdowns or company-specific events can reduce the fund’s NAV.
- Segment Risk: Funds such as mid-cap, small-cap, sector or thematic schemes focus on specific parts of the market. If that segment faces policy changes, regulation, demand slowdown or valuation corrections, the fund’s performance may differ sharply from more diversified or large-cap portfolios.
- Debt and Credit Risk in Fixed-income Schemes: DSP’s debt and money-market funds invest in bonds, debentures and money-market instruments. Any downgrade, delay or default by issuers can impact the portfolio’s value. Even when credit events are rare, they can affect returns when they occur.
- Interest-rate and Duration Risk: When interest rates change, bond prices and yields move in opposite directions. Funds with longer-duration portfolios or higher sensitivity to interest-rate moves may see larger fluctuations in NAV when policy rates rise or fall over short periods.
Factors to Consider Before Investing in DSP Mutual Funds
- Fund Category and Objective: DSP offers equity, debt, hybrid and thematic schemes, each serving different roles. Checking how a fund’s goal aligns with your financial purpose helps build clarity around suitability.
- Risk Behaviour of the Scheme: Understanding how the chosen scheme behaves during different market conditions helps set expectations. A small-cap fund may show wider movement compared to a large-cap or conservative hybrid portfolio.
- Fund Manager Expertise: DSP schemes are managed by teams with defined investment frameworks. Reviewing investment style, fund mandates, and portfolio construction helps understand how decisions are taken.
- Time Horizon Alignment: DSP offers schemes across short-term and long-term categories. Equity and ELSS funds function with longer investment horizons, while liquid or ultra-short duration funds typically support shorter needs. Matching the investment timeframe with the fund structure helps set expectations around behaviour and outcomes.
Conclusion
DSP Mutual Fund offers a range of schemes across equity, hybrid and debt categories, allowing investors to explore different segments of the market within one fund house. Each scheme operates with its own structure, cost, risk level and tax rules, so understanding how a fund works and what it invests in helps provide a clearer context before making decisions. Investors can explore DSP mutual funds on smallcase and invest in the fund that best aligns with their investment objectives after doing their research and consulting a financial advisor.
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Frequently Asked Questions on DSP Mutual Fund
As of 21st November 2025, as per 5Y CAGR, some of the best DSP mutual funds include:
– DSP India T.I.G.E.R Fund
– DSP Small Cap Fund
– DSP Natural Res & New Energy Fund
– DSP ELSS Tax Saver Fund
– DSP Large & Mid Cap Fund
Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory.
Whether DSP mutual funds are good or not depends on various factors, such as the specific scheme you choose and the market conditions. Each scheme behaves differently. Investors must evaluate all the factors and consult a financial advisor before making investment decisions.
Disclaimer: Please note that the above information is for educational purposes only, and is not recommendatory.
You can start investing in DSP Mutual Fund online by following these quick steps:
1. Visit an equity investment platform such as smallcase.
2. Research and identify DSP schemes that match your investment thesis. Tools like the Tickertape Mutual Fund Screener help compare funds based on returns, expense ratios, and fund size.
3. After shortlisting the scheme, log in to smallcase, search for the fund, and opt for the SIP plan.
Disclaimer: Please note that the above information is for educational purposes only, and is not recommendatory.
Yes. Some DSP hybrid schemes invest in both equity and debt. For example, DSP Aggressive Hybrid Fund – Direct Plan typically allocates around 65–80% of its portfolio to equities and the remaining 20–35% to bonds. This structure combines market-linked exposure with fixed-income components under one scheme category.
Disclaimer: Please note that this is for educational purposes only, and is not recommendatory.
DSP Global Innovation Fund of Fund is an international FoF that invests in overseas funds rather than directly in Indian securities. It focuses on themes linked to innovation and global technology-driven companies. The exact exposure and holdings may vary based on the underlying fund structure and global market conditions.
DSP Nifty 50 Index Fund is a passive fund that aims to mirror the performance of the Nifty 50 Index, which represents 50 of India’s largest listed companies. The fund does not actively pick stocks and instead replicates the index weights to track its movements.
The suitability of DSP Midcap Fund – Direct Growth depends on individual goals, risk tolerance, and investment duration. The scheme focuses on mid-cap companies, a category known for growth potential but also higher market fluctuations. Understanding the fund’s past trends, portfolio, and volatility may help form context before considering it.
Disclaimer: Please note that this is for educational purposes only, and is not recommendatory.
