DSP Focused Fund
The scheme portfolio will largely consist of companies, which are amongst the top 200 companies by market capitalisation. The portfolio will limit exposure to companies beyond the top 200 companies by market capitalization upto 20% of the net asset value. The scheme will also have at least 95% of the invested amount across the top 25 holdings in the portfolio which excludes debt & money market securities.
Growthvine rating: 2/5 — ranked #17 of 28 in category.
Fund basics
| Category | Equity: Focused |
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| NAV | ₹56.18 (as of 2026-08-21) |
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| AUM | ₹2,601 Cr |
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| Expense ratio | 1.70% |
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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 1 month |
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Performance & risk
| 5-year annualised return | 11.00% |
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| Sharpe ratio | 0.54 |
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| Standard deviation | 15.38% |
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| Max drawdown | -39.42% |
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| Alpha | 2.48 |
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| Beta | 0.95 |
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Over 5 years, captured 92.5% of Nifty 500's upside and 93.7% of its downside.
Market cap allocation
| Large cap | 64.4% |
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| Mid cap | 19.6% |
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| Small cap | 16.1% |
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Concentration
| Top 5 holdings | 31.5% |
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| Top 10 holdings | 48.3% |
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| Total holdings | 30 |
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| Index overlap | 27.1% |
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| Active share | 72.9% |
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Top holdings
- ICICI Bank Ltd. — 9.7%
- TREPS / Reverse Repo Investments — 9.2%
- HDFC Bank Ltd. — 8.9%
- AXIS Bank Ltd. — 4.8%
- Bharti Airtel Ltd. — 4.1%
- SBI Life Insurance Company Limited — 4.0%
- Cholamandalam Investment and Finance Company Ltd — 3.7%
- The Phoenix Mills Ltd. — 3.5%
- COFORGE LIMITED — 3.4%
- State Bank Of India — 3.2%
Top sectors
- Banking & Financial — 32.1%
- Finance & Investments — 8.7%
- Software & Services — 8.1%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 0.1% | Q3 | #19 of 28 |
| 2025 | 7.3% | Q2 | #9 of 28 |
| 2024 | 18.5% | Q2 | #13 of 27 |
| 2023 | 34.2% | Q1 (Top) | #2 of 25 |
| 2022 | -4.5% | Q3 | #17 of 22 |