DSP Equity Saving Fund
The Scheme seeks 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 Schemes assets in equity and equity related instruments.
Growthvine rating: 3/5 — ranked #8 of 25 in category.
Fund basics
| Category | Hybrid: Equity Savings |
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| NAV | ₹21.93 (as of 2026-10-23) |
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| AUM | ₹3,306 Cr |
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| Expense ratio | 1.32% |
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| Riskometer | Moderately High |
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| Fund manager | Kaivalya Nadkarni |
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| Exit load | 0 |
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Performance & risk
| 5-year annualised return | 6.33% |
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| Sharpe ratio | 0.35 |
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| Standard deviation | 4.03% |
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| Max drawdown | −19.03% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 104.4% of NIFTY 50 Hybrid Short Duration Debt 25:75 Index's upside and 103.5% of its downside.
Market cap allocation
| Large cap | 81.7% |
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| Mid cap | 9.9% |
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| Small cap | 8.4% |
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Concentration
| Top 5 holdings | 22.0% |
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| Top 10 holdings | 34.2% |
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| Total holdings | 93 |
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Top holdings
- Net Receivable / Payable — 34.6%
- HDFC Bank Ltd. — 5.0%
- AXIS Bank Ltd. — 3.4%
- Reliance Industries Ltd — 3.1%
- 6.87% GOI FRB 22092033 — 2.9%
- TREPS / Reverse Repo Investments — 2.9%
- ICICI Bank Ltd. — 2.3%
- VODAFONE IDEA LIMITED — 2.3%
- HDFC Bank Ltd. — 2.2%
- ITC Ltd — 2.2%
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | −1.5% | Q3 | #19 of 25 |
| 2025 | 6.2% | Q3 | #15 of 22 |
| 2024 | 12.1% | Q1 (Top) | #5 of 22 |
| 2023 | 12.2% | Q3 | #15 of 21 |
| 2022 | 4.6% | Q1 (Top) | #5 of 19 |