DSP Flexi Cap Fund
The scheme seeks to generate long-term capital appreciation, from a portfolio which is substantially constituted of equity and equity related securities and may also invest a certain portion of its corpus in debt and money market securities, in order to meet liquidity requirements from time to time. In Picking out individual investment opportunities for the portfolio, the investment manager will seek both value & growth.
Growthvine rating: 4/5 — ranked #12 of 52 in category.
Fund basics
| Category | Equity: Flexi Cap |
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| NAV | ₹105.05 (as of 2026-08-21) |
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| AUM | ₹12,236 Cr |
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| Expense ratio | 1.47% |
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| Riskometer | Very High |
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| Fund manager | Bhavin Gandhi |
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| Exit load | 1% for redemption within 364 days |
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Performance & risk
| 5-year annualised return | 10.58% |
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| Sharpe ratio | 0.45 |
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| Standard deviation | 15.25% |
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| Max drawdown | -56.08% |
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| Alpha | 0.45 |
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| Beta | 0.97 |
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Over 5 years, captured 92.3% of Nifty 500's upside and 97.0% of its downside.
Market cap allocation
| Large cap | 65.0% |
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| Mid cap | 23.0% |
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| Small cap | 12.0% |
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Concentration
| Top 5 holdings | 30.5% |
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| Top 10 holdings | 43.8% |
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| Total holdings | 66 |
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| Index overlap | 34.9% |
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| Active share | 65.1% |
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Top holdings
- ICICI Bank Ltd. — 9.5%
- HDFC Bank Ltd. — 8.5%
- AXIS Bank Ltd. — 4.6%
- TREPS / Reverse Repo Investments — 4.6%
- Mahindra & Mahindra Ltd. — 4.4%
- State Bank Of India — 3.5%
- Bharti Airtel Ltd. — 3.0%
- Bajaj Finance Limited — 3.0%
- Cholamandalam Investment and Finance Company Ltd — 2.6%
- COFORGE LIMITED — 2.4%
Top sectors
- Banking & Financial — 29.9%
- Automobile — 11.7%
- Finance & Investments — 7.3%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 0.2% | Q3 | #30 of 50 |
| 2025 | 4.6% | Q3 | #23 of 43 |
| 2024 | 18.2% | Q3 | #22 of 42 |
| 2023 | 32.2% | Q1 (Top) | #7 of 36 |
| 2022 | -4.5% | Q4 (Bottom) | #25 of 30 |