DSP Dynamic Asset Allocation Fund
Dynamic Asset AllocationHighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹28.21-1.39%1 day
- Return since launch
- 8.7%
- 52-week range
- ₹26.95 — ₹29.11
- AUM
- ₹3,821 Cr
DSP Dynamic Asset Allocation Fund is a Dynamic Asset Allocation hybrid fund from DSP Mutual Fund with ₹3,821 Cr under management, launched in 2014. Over three years it has returned 5.2% a year, against 8.3% for its category. The expense ratio is 2.31% and the SEBI riskometer reading is High.
Performance
DSP Dynamic Asset Allocation Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +1.9% against +0.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -0.5% | −1.1 pts | 0.6% | -0.5% |
| 2Y | 2.6% | +1.0 pts | 1.6% | 1.6% |
| 3Y | 5.2% | −3.1 pts | 8.3% | 3.8% |
| 5Y | 7.8% | 0.0 pts | 7.8% | 7.2% |
| 7Y | 8.3% | −0.9 pts | 9.2% | 8.6% |
| 10Y | 8.3% | −0.8 pts | 9.2% | 8.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -2.7% | −0.2 pts | -2.6% | -2.7% |
| 3M | -1.6% | −1.2 pts | -0.5% | -0.5% |
| 6M | 2.7% | −1.6 pts | 4.3% | 4.1% |
| 1Y | 1.9% | +1.3 pts | 0.6% | 0.7% |
| 2Y | 2.7% | +2.5 pts | 0.1% | 0.3% |
| 3Y | 8.9% | +0.6 pts | 8.3% | 7.9% |
| 5Y | 7.1% | −0.6 pts | 7.8% | 7.4% |
| 7Y | 8.7% | −1.4 pts | 10.1% | 9.6% |
| 10Y | 7.9% | −1.3 pts | 9.2% | 8.8% |
Since launch (17 Jan 2014): 8.7%
Calendar-year returns
Category average12.9%
9.3%
0.1%
17.1%
12.3%
8.7%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 8.7% | +2.0 pts | 6.7% |
| 2024 | 12.3% | −1.9 pts | 14.2% |
| 2023 | 17.1% | −2.9 pts | 20.0% |
| 2022 | 0.1% | −5.0 pts | 5.1% |
| 2021 | 9.3% | −7.3 pts | 16.6% |
| 2020 | 12.9% | −1.5 pts | 14.4% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.26%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.62%
- Brokerage
- 0.06%
- Transaction charges
- 0.01%
- Statutory levies
- 0.57%
- Exit load
- Exit load of 1%, if redeemed within 1 months.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- CRISIL Hybrid 50+50 Moderate Index
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
High
Your principal is treated as being at high risk — typically diversified and large cap equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | 1.29 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.64 | 0.63 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.94 | 0.82 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 6.49 | 10.95 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
DSP Dynamic Asset Allocation Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity48.9%
- Debt26.4%
- Other24.7%
Market cap split
- Large80.0%
- Mid12.1%
- Small7.9%
- P/E
- 20.40
- P/B
- 2.85
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 24.73% | ₹945 Cr | +69.48% | +91.47% | +81.48% |
| ICICI Bank Ltd. | Financial | 4.29% | ₹164 Cr | -5.06% | -3.82% | +3.08% |
| HDFC Bank Ltd. | Financial | 3.76% | ₹144 Cr | -7.05% | -14.64% | -16.17% |
| Axis Bank Ltd. | Financial | 3.01% | ₹115 Cr | -2.20% | +3.42% | +2.46% |
| National Bank For Agriculture & Rural Development | Financial | 2.08% | ₹79.45 Cr | +1.38% | +1.36% | +1.44% |
| REC Ltd. | Financial | 2.04% | ₹77.99 Cr | +2.76% | +2.92% | +3.02% |
| Bajaj Finance Ltd. | Financial | 2.03% | ₹77.52 Cr | +2.74% | +2.90% | +3.00% |
| Bajaj Finserv Ltd. | Financial | 1.99% | ₹76.12 Cr | +1.05% | +0.76% | +1.20% |
| State Bank of India | Financial | 1.69% | ₹64.74 Cr | -2.76% | -2.34% | -2.18% |
| Life Insurance Corporation of India | Insurance | 1.43% | ₹54.65 Cr | +0.65% | +0.66% | +0.71% |
| Cipla Ltd. | Healthcare | 1.42% | ₹54.27 Cr | +1.43% | +0.69% | +1.30% |
| LG Electronics India Ltd. | Consumer Discretionary | 1.41% | ₹53.83 Cr | +1.32% | +1.34% | — |
| Mahindra & Mahindra Ltd. | Automobile | 1.40% | ₹53.52 Cr | +1.61% | +0.98% | +1.80% |
| Muthoot Finance Ltd. | Financial | 1.34% | ₹51.38 Cr | +1.40% | +1.36% | +1.46% |
| LIC Housing Finance Ltd. | Financial | 1.31% | ₹50.00 Cr | +1.33% | +1.41% | +1.46% |
| National Bank For Financing Infrastructure And Development | Financial | 1.30% | ₹49.58 Cr | +1.42% | +1.40% | +1.46% |
| Kotak Mahindra Bank Ltd. | Financial | 1.29% | ₹49.32 Cr | -1.44% | -3.46% | -3.72% |
| SBI Life Insurance Company Ltd. | Insurance | 1.28% | ₹48.86 Cr | +1.40% | +1.26% | +1.20% |
| company:5652 | Financial | 1.27% | ₹48.62 Cr | — | — | — |
| Eternal Ltd. | Services | 1.15% | ₹43.76 Cr | +0.91% | +0.88% | — |
| Bharat Petroleum Corporation Ltd. | Energy | 1.14% | ₹43.42 Cr | +0.86% | +0.38% | +1.39% |
| HDFC Life Insurance Co Ltd. | Insurance | 1.13% | ₹43.30 Cr | +1.29% | +0.74% | — |
| Hindustan Unilever Ltd. | Consumer Staples | 1.08% | ₹41.36 Cr | +0.99% | +0.82% | +1.12% |
| Max Financial Services Ltd. | Financial | 1.04% | ₹39.74 Cr | +0.81% | +0.86% | +0.64% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 1.03% | ₹39.46 Cr | +1.05% | +1.03% | — |
| PNB Housing Finance Ltd. | Financial | 1.00% | ₹38.39 Cr | +0.94% | +0.99% | — |
| Mankind Pharma Ltd. | Healthcare | 0.97% | ₹37.16 Cr | +1.28% | +1.21% | +0.78% |
| Small Industries Devp. Bank of India Ltd. | Financial | 0.97% | ₹37.10 Cr | +0.99% | +0.69% | +0.77% |
| Info Edge (India) Ltd. | Services | 0.97% | ₹36.95 Cr | +0.76% | — | — |
| ITC Ltd. | Consumer Staples | 0.91% | ₹34.95 Cr | +0.81% | +0.87% | +1.38% |
| NTPC Ltd. | Energy | 0.91% | ₹34.83 Cr | +1.12% | +1.02% | +1.89% |
| Coforge Ltd. | Technology | 0.84% | ₹32.28 Cr | +0.94% | +0.53% | +0.65% |
| Century Plyboards (India) Ltd. | Materials | 0.83% | ₹31.56 Cr | +0.88% | +0.88% | +0.96% |
| Bharat Electronics Ltd. | Capital Goods | 0.74% | ₹28.28 Cr | — | — | — |
| India Universal Trust AL1 | Others | 0.72% | ₹27.33 Cr | +0.77% | +0.78% | +0.87% |
| Tata Capital Ltd. | Financial | 0.71% | ₹27.24 Cr | +0.82% | +0.95% | — |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 0.71% | ₹27.04 Cr | +0.72% | +0.70% | +0.74% |
| Maruti Suzuki India Ltd. | Automobile | 0.69% | ₹26.55 Cr | — | — | — |
| Power Finance Corporation Ltd. | Financial | 0.67% | ₹25.79 Cr | +0.69% | +0.69% | +1.26% |
| GOI | Sovereign | 0.67% | ₹25.78 Cr | +2.94% | +2.99% | +0.77% |
| company:5989 | Financial | 0.64% | ₹24.60 Cr | — | — | — |
| PB Fintech Ltd. | Services | 0.64% | ₹24.57 Cr | — | — | — |
| Mrs. Bectors Food Specialities Ltd. | Consumer Staples | 0.60% | ₹23.05 Cr | +0.48% | +0.57% | +0.44% |
| Emami Ltd. | Consumer Staples | 0.60% | ₹23.04 Cr | +0.69% | +0.46% | +0.54% |
| Samvardhana Motherson International Ltd. | Automobile | 0.59% | ₹22.40 Cr | +0.77% | +1.07% | +1.09% |
| Syngene International Ltd. | Healthcare | 0.57% | ₹21.96 Cr | +0.66% | +0.62% | +0.92% |
| Tata Motors Ltd. | Automobile | 0.51% | ₹19.37 Cr | +0.43% | +0.56% | — |
| Infosys Ltd. | Technology | 0.49% | ₹18.72 Cr | +0.52% | +1.26% | +2.15% |
| Hyundai Motor India Ltd. | Automobile | 0.41% | ₹15.56 Cr | +0.37% | — | — |
| Alkem Laboratories Ltd. | Healthcare | 0.35% | ₹13.38 Cr | — | — | — |
| Canara HSBC Life Insurance Company Ltd. | Insurance | 0.23% | ₹8.82 Cr | +0.21% | +0.86% | — |
| La Opala RG Ltd. | Materials | 0.23% | ₹8.75 Cr | +0.25% | +0.28% | +0.35% |
| Bharti Telecom Ltd. | Communication | 0.20% | ₹7.68 Cr | +0.71% | +0.69% | +0.78% |
| Tata Power Company Ltd. | Energy | -0.44% | ₹-16.72 Cr | -2.12% | -1.87% | -1.92% |
| Bharti Airtel Ltd. | Communication | -0.51% | ₹-19.62 Cr | -3.84% | +2.76% | +3.02% |
| Tata Steel Ltd. | Metals & Mining | -0.78% | ₹-29.83 Cr | -0.92% | -0.92% | -0.47% |
| Hindustan Aeronautics Ltd. | Capital Goods | -0.87% | ₹-33.18 Cr | -2.66% | -3.06% | -3.10% |
| Punjab National Bank | Financial | -1.09% | ₹-41.56 Cr | -0.64% | -0.68% | -0.56% |
| Bank Of Baroda | Financial | -1.14% | ₹-43.75 Cr | -1.36% | -1.33% | -0.89% |
| Hindalco Industries Ltd. | Metals & Mining | -1.27% | ₹-48.41 Cr | -1.47% | -1.17% | -0.89% |
| Bandhan Bank Ltd. | Financial | -1.69% | ₹-64.52 Cr | -2.24% | -1.91% | -1.81% |
| Titan Company Ltd. | Consumer Discretionary | -2.02% | ₹-77.11 Cr | -1.41% | -1.46% | -1.31% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| ICICI Bank Ltd. | -0.03% | -1.81% | -1.78% |
| company:5652 | 0.00% | 1.27% | +1.27% |
| Life Insurance Corporation of India | 0.65% | 1.43% | +0.78% |
| GOI | 1.36% | 0.67% | -0.69% |
| company:5989 | 0.00% | 0.64% | +0.64% |
| Bharti Telecom Ltd. | 0.70% | 0.20% | -0.50% |
| PB Fintech Ltd. | 0.16% | 0.64% | +0.48% |
| Alkem Laboratories Ltd. | 0.11% | 0.35% | +0.24% |
| Maruti Suzuki India Ltd. | 0.46% | 0.69% | +0.23% |
| LG Electronics India Ltd. | 1.24% | 1.41% | +0.17% |
| Others | 20.35% | 20.20% | -0.15% |
| ITC Ltd. | 0.77% | 0.91% | +0.14% |
| Bharti Airtel Ltd. | -2.41% | -2.27% | +0.14% |
| HDFC Bank Ltd. | -2.31% | -2.18% | +0.13% |
| SBI Life Insurance Company Ltd. | 1.39% | 1.28% | -0.11% |
| Coforge Ltd. | 0.74% | 0.84% | +0.10% |
| Titan Company Ltd. | -1.92% | -2.02% | -0.10% |
| Bandhan Bank Ltd. | -1.78% | -1.69% | +0.09% |
| Eternal Ltd. | 1.06% | 1.15% | +0.09% |
| Hindustan Unilever Ltd. | 1.16% | 1.08% | -0.08% |
| PNB Housing Finance Ltd. | 0.93% | 1.00% | +0.07% |
| Kotak Mahindra Bank Ltd. | -0.92% | -0.99% | -0.07% |
| Cipla Ltd. | 1.49% | 1.42% | -0.07% |
| Samvardhana Motherson International Ltd. | 0.52% | 0.59% | +0.07% |
| Mahindra & Mahindra Ltd. | 1.46% | 1.40% | -0.06% |
| NTPC Ltd. | 0.97% | 0.91% | -0.06% |
| Info Edge (India) Ltd. | 0.91% | 0.97% | +0.06% |
| Emami Ltd. | 0.66% | 0.60% | -0.06% |
| Century Plyboards (India) Ltd. | 0.88% | 0.83% | -0.05% |
| Mrs. Bectors Food Specialities Ltd. | 0.55% | 0.60% | +0.05% |
| Hindustan Aeronautics Ltd. | -1.37% | -1.42% | -0.05% |
| Hindalco Industries Ltd. | -1.22% | -1.27% | -0.05% |
| Tata Power Company Ltd. | -0.48% | -0.44% | +0.04% |
| Bharat Electronics Ltd. | 0.70% | 0.74% | +0.04% |
| Max Financial Services Ltd. | 1.00% | 1.04% | +0.04% |
| Tata Steel Ltd. | -0.82% | -0.78% | +0.04% |
| Tata Motors Ltd. | 0.47% | 0.51% | +0.04% |
| Bank Of Baroda | -1.18% | -1.14% | +0.04% |
| Mankind Pharma Ltd. | 1.00% | 0.97% | -0.03% |
| Axis Bank Ltd. | -1.01% | -1.03% | -0.02% |
| Bajaj Finserv Ltd. | 2.01% | 1.99% | -0.02% |
| HDFC Life Insurance Co Ltd. | 1.15% | 1.13% | -0.02% |
| India Universal Trust AL1 | 0.73% | 0.72% | -0.01% |
| State Bank of India | -1.42% | -1.43% | -0.01% |
| Syngene International Ltd. | 0.56% | 0.57% | +0.01% |
| LIC Housing Finance Ltd. | 1.32% | 1.31% | -0.01% |
| La Opala RG Ltd. | 0.24% | 0.23% | -0.01% |
| Canara HSBC Life Insurance Company Ltd. | 0.22% | 0.23% | +0.01% |
| Small Industries Devp. Bank of India Ltd. | 0.98% | 0.97% | -0.01% |
| National Bank For Financing Infrastructure And Development | 0.66% | 0.65% | -0.01% |
| Punjab National Bank | -1.08% | -1.09% | -0.01% |
| Torrent Pharmaceuticals Ltd. | 1.04% | 1.03% | -0.01% |
| Bharat Petroleum Corporation Ltd. | 1.13% | 1.14% | +0.01% |
| Muthoot Finance Ltd. | 0.69% | 0.68% | -0.01% |
| Power Finance Corporation Ltd. | 0.68% | 0.67% | -0.01% |
| REC Ltd. | 1.36% | 1.36% | 0.00% |
| Bajaj Finance Ltd. | 1.35% | 1.35% | 0.00% |
| Tata Capital Ltd. | 0.71% | 0.71% | 0.00% |
| Hyundai Motor India Ltd. | 0.41% | 0.41% | 0.00% |
| Cholamandalam Investment and Finance Company Ltd. | 0.71% | 0.71% | 0.00% |
| National Bank For Agriculture & Rural Development | 0.68% | 0.68% | 0.00% |
| Infosys Ltd. | 0.49% | 0.49% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹39,803 Cr | 1.98% | 0.3% | 5.2% | 9.8% |
 HDFC Balanced Advantage Fund | ₹1,07,296 Cr | 1.31% | -3.8% | 3.3% | 10.5% |
 ICICI Prudential Balanced Advantage Fund | ₹75,399 Cr | 1.57% | 1.2% | 6.7% | 9.4% |
 Aditya Birla Sun Life Balanced Advantage Fund | ₹10,125 Cr | 1.95% | 4.6% | 7.5% | 9.6% |
 Baroda BNP Paribas Balanced Advantage Fund | ₹5,343 Cr | 2.05% | 1.4% | 6.3% | 9.6% |
 Quant Dynamic Asset Allocation Fund | ₹852 Cr | 3.03% | -2.1% | 2.5% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The Scheme seeks to generate income and capital appreciation by primarily investing in a portfolio of high quality debt and money market securities that are issued by banks and public sector entities/undertakings.
Fund managers
- Kaivalya NadkarniMs. Nadkarni has done B.Com, CA, CS and CFAPrior to joining DSP Mutual Fund, she has worked with ICICI Prudential MF, RSN & Company and G.M.Kapadia & Co
- Preethi R SMs. R S is B.E and MBA (Finance).Prior to joining DSP Mutual Fund, she has worked with PwC India, UTI Mutual Fund.
- Rohit SinghaniaMr. Singhania is an MMS.Prior to joining DSP AMC he has worked with HDFC Securities Ltd. and IL&FS Investsmart Limited.
- Shantanu GodambeMr. Godambehas done B.Com, MS (Finance) and CFAPrior to joining DSP Mutual Fund, he has worked with Yes Bank, Prebon Yamane and ICAP India Private Limited
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months2.72% absolute | ₹60,000 | ₹61,632 | 2.72% | |
| 1 year1.86% annualised | ₹1,20,000 | ₹1,21,216 | 1.01% | |
| 3 years8.92% annualised | ₹3,60,000 | ₹4,14,084 | 15.02% | |
| 5 years7.14% annualised | ₹6,00,000 | ₹7,22,805 | 20.47% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of DSP Dynamic Asset Allocation Fund?
The NAV of DSP Dynamic Asset Allocation Fund is ₹28.21 as on 24 Sep 2026.
What is the expense ratio of DSP Dynamic Asset Allocation Fund?
The expense ratio of DSP Dynamic Asset Allocation Fund is 2.31% per year.
What is the minimum SIP amount for DSP Dynamic Asset Allocation Fund?
You can start a SIP in DSP Dynamic Asset Allocation Fund with ₹3,000 a month.
What returns has DSP Dynamic Asset Allocation Fund given?
DSP Dynamic Asset Allocation Fund has returned -0.5% over 1 year, 5.2% over 3 years and 7.8% over 5 years (annualised).
Is there a lock-in or exit load on DSP Dynamic Asset Allocation Fund?
Lock-in: None. Exit load: Exit load of 1%, if redeemed within 1 months..
How risky is DSP Dynamic Asset Allocation Fund?
DSP Dynamic Asset Allocation Fund is rated High on the SEBI riskometer and belongs to the Dynamic Asset Allocation category.
Which fund house manages DSP Dynamic Asset Allocation Fund?
DSP Dynamic Asset Allocation Fund is managed by DSP Mutual Fund, which runs 60 schemes with ₹2,33,296 Cr under management.