DSP Focused Fund
The scheme seeks to generate long-term capital growth from a portfolio of equity and equity-related securities including equity derivatives. The Scheme will hold equity and equity-related securities including equity derivatives, of upto 30 companies across market capitalisation.
Growthvine rating: 2/5 — ranked #18 of 28 in category.
Fund basics
| Category | Equity: Focused |
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| NAV | ₹51.90 (as of 2026-10-23) |
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| AUM | ₹2,671 Cr |
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| Expense ratio | 1.71% |
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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 | 8.87% |
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| Sharpe ratio | 0.37 |
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| Standard deviation | 15.92% |
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| Max drawdown | −39.42% |
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| Alpha | 1.58 |
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| Beta | 0.96 |
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Over 5 years, captured 96.8% of Nifty 500's upside and 94.3% of its downside.
Market cap allocation
| Large cap | 61.5% |
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| Mid cap | 22.9% |
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| Small cap | 15.7% |
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Concentration
| Top 5 holdings | 31.1% |
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| Top 10 holdings | 48.2% |
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| Total holdings | 29 |
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| Index overlap | 26.1% |
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| Active share | 73.9% |
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Top holdings
- TREPS / Reverse Repo Investments — 11.5%
- ICICI Bank Ltd. — 9.5%
- HDFC Bank Ltd. — 8.9%
- AXIS Bank Ltd. — 5.1%
- Bharti Airtel Ltd. — 3.9%
- SBI Life Insurance Company Limited — 3.8%
- Mahindra & Mahindra Ltd. — 3.8%
- The Phoenix Mills Ltd. — 3.8%
- Cholamandalam Investment and Finance Company Ltd — 3.3%
- State Bank Of India — 3.2%
Top sectors
- Banking & Financial — 32.8%
- Cash — 11.4%
- Automobile — 9.1%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −7.5% | Q2 | #14 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 |