DSP Dynamic Asset Allocation Fund
Dynamic Asset AllocationVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹29.56+0.24%1 day
- Return since launch
- 8.8%
- 52-week range
- ₹26.95 — ₹29.49
- AUM
- ₹3,704 Cr
DSP Dynamic Asset Allocation Fund is a Dynamic Asset Allocation hybrid fund from DSP Mutual Fund with ₹3,704 Cr under management, launched in 2014. Over three years it has returned 7.5% a year, against 9.3% for its category. The expense ratio is 2.26% and the SEBI riskometer reading is Very 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 +5.0% against +2.4% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 8.4% | +6.3 pts | 2.1% | 6.1% |
| 2Y | 6.9% | +2.2 pts | 4.7% | 4.8% |
| 3Y | 7.5% | −1.7 pts | 9.3% | 5.3% |
| 5Y | 9.2% | +1.1 pts | 8.1% | 8.0% |
| 7Y | 9.2% | −0.4 pts | 9.7% | 9.1% |
| 10Y | 9.0% | −0.4 pts | 9.4% | 9.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 6.1% | +0.8 pts | 5.3% | 5.3% |
| 3M | 2.0% | +1.7 pts | 0.3% | 0.5% |
| 6M | 5.1% | +1.0 pts | 4.2% | 4.3% |
| 1Y | 5.0% | +2.9 pts | 2.1% | 2.4% |
| 2Y | 5.8% | +2.3 pts | 3.5% | 3.8% |
| 3Y | 10.6% | +1.3 pts | 9.3% | 8.9% |
| 5Y | 8.0% | −0.1 pts | 8.1% | 7.8% |
| 7Y | 9.1% | −1.2 pts | 10.3% | 9.8% |
| 10Y | 8.4% | −1.0 pts | 9.4% | 9.1% |
Since launch (17 Jan 2014): 8.8%
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 6 Nov 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.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.79 | 1.25 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.48 | 0.48 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.67 | 0.63 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 6.83 | 10.86 | 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 30 Sep 2026
Asset allocation
- Equity56.1%
- Debt22.9%
- Other21.0%
Market cap split
- Large83.9%
- Mid8.0%
- Small8.1%
- P/E
- 17.34
- P/B
- 2.28
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 20.98% | ₹777 Cr | +66.63% | +73.02% | +80.64% |
| ICICI Bank Ltd. | Financial | 7.41% | ₹274 Cr | -1.75% | -2.67% | +1.46% |
| HDFC Bank Ltd. | Financial | 6.36% | ₹235 Cr | -7.47% | -14.70% | -15.93% |
| Axis Bank Ltd. | Financial | 3.93% | ₹146 Cr | -2.24% | +4.18% | +2.64% |
| State Bank of India | Financial | 2.91% | ₹108 Cr | -2.88% | -2.88% | -2.34% |
| Kotak Mahindra Bank Ltd. | Financial | 2.86% | ₹106 Cr | -1.88% | -1.36% | -3.74% |
| Bajaj Finance Ltd. | Financial | 2.10% | ₹77.86 Cr | +2.72% | +3.04% | +2.98% |
| REC Ltd. | Financial | 2.09% | ₹77.24 Cr | +2.74% | +2.84% | +3.00% |
| National Bank For Agriculture & Rural Development | Financial | 2.05% | ₹75.98 Cr | +1.38% | +1.42% | +1.42% |
| Bajaj Finserv Ltd. | Financial | 2.01% | ₹74.37 Cr | +1.05% | +1.00% | +1.25% |
| Tata Steel Ltd. | Metals & Mining | 1.79% | ₹66.34 Cr | -0.82% | -0.88% | -0.51% |
| Bharti Airtel Ltd. | Communication | 1.75% | ₹64.72 Cr | -4.58% | +2.74% | +3.46% |
| SBI Life Insurance Company Ltd. | Insurance | 1.55% | ₹57.33 Cr | +1.32% | +1.16% | +1.17% |
| Reliance Industries Ltd. | Energy | 1.50% | ₹55.67 Cr | — | — | -1.69% |
| LG Electronics India Ltd. | Consumer Discretionary | 1.48% | ₹54.65 Cr | +1.31% | +1.28% | — |
| Oil And Natural Gas Corporation Ltd. | Energy | 1.46% | ₹53.99 Cr | — | — | — |
| Cipla Ltd. | Healthcare | 1.40% | ₹51.83 Cr | +1.46% | +0.91% | +1.22% |
| Life Insurance Corporation of India | Insurance | 1.40% | ₹51.67 Cr | +0.67% | +0.59% | +0.74% |
| Muthoot Finance Ltd. | Financial | 1.39% | ₹51.62 Cr | +1.38% | +1.44% | +1.44% |
| HDFC Life Insurance Co Ltd. | Insurance | 1.36% | ₹50.30 Cr | +1.22% | +0.82% | — |
| LIC Housing Finance Ltd. | Financial | 1.35% | ₹50.00 Cr | +1.33% | +1.47% | +1.45% |
| National Bank For Financing Infrastructure And Development | Financial | 1.33% | ₹49.21 Cr | +1.44% | +1.46% | +1.46% |
| Mahindra & Mahindra Ltd. | Automobile | 1.30% | ₹48.10 Cr | +1.33% | +1.60% | +1.90% |
| NTPC Ltd. | Energy | 1.24% | ₹45.82 Cr | +1.01% | +1.30% | +1.94% |
| Bharat Petroleum Corporation Ltd. | Energy | 1.10% | ₹40.62 Cr | +1.08% | +0.30% | +1.36% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 1.07% | ₹39.54 Cr | +1.04% | +1.08% | — |
| Hindustan Unilever Ltd. | Consumer Staples | 1.07% | ₹39.50 Cr | +1.19% | +0.76% | +1.04% |
| Max Financial Services Ltd. | Financial | 1.07% | ₹39.48 Cr | +0.75% | +0.75% | +0.62% |
| Mankind Pharma Ltd. | Healthcare | 1.04% | ₹38.46 Cr | +1.34% | +1.40% | +0.75% |
| Alkem Laboratories Ltd. | Healthcare | 1.03% | ₹38.05 Cr | — | — | — |
| PNB Housing Finance Ltd. | Financial | 1.01% | ₹37.43 Cr | +0.93% | +0.95% | — |
| ITC Ltd. | Consumer Staples | 0.97% | ₹35.94 Cr | +0.79% | +0.84% | +1.33% |
| Bharat Electronics Ltd. | Capital Goods | 0.97% | ₹35.84 Cr | +0.75% | — | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 0.94% | ₹34.65 Cr | +0.99% | +1.02% | +0.76% |
| Century Plyboards (India) Ltd. | Materials | 0.81% | ₹30.11 Cr | +0.83% | +0.88% | +1.04% |
| Eternal Ltd. | Services | 0.80% | ₹29.62 Cr | +0.94% | +0.86% | — |
| Hyundai Motor India Ltd. | Automobile | 0.78% | ₹28.76 Cr | +0.36% | — | — |
| Coforge Ltd. | Technology | 0.73% | ₹26.98 Cr | +0.64% | +0.52% | +0.59% |
| India Universal Trust AL1 | Others | 0.73% | ₹26.90 Cr | +0.75% | +0.81% | +0.85% |
| Bharti Telecom Ltd. | Communication | 0.73% | ₹26.90 Cr | +0.70% | +0.73% | +1.41% |
| Power Finance Corporation Ltd. | Financial | 0.70% | ₹25.90 Cr | +0.69% | +0.72% | +1.35% |
| GOI | Sovereign | 0.69% | ₹25.71 Cr | +2.92% | +3.09% | +0.73% |
| Infosys Ltd. | Technology | 0.69% | ₹25.49 Cr | +0.44% | +1.53% | +2.09% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 0.68% | ₹25.11 Cr | +0.71% | +0.74% | +0.73% |
| Emami Ltd. | Consumer Staples | 0.65% | ₹23.99 Cr | +0.68% | +0.66% | +0.50% |
| Indian Bank | Financial | 0.64% | ₹23.79 Cr | — | — | — |
| Maruti Suzuki India Ltd. | Automobile | 0.63% | ₹23.46 Cr | — | — | — |
| Tata Capital Ltd. | Financial | 0.60% | ₹22.24 Cr | +0.72% | +0.91% | — |
| Samvardhana Motherson International Ltd. | Automobile | 0.58% | ₹21.43 Cr | +0.52% | +0.89% | +1.23% |
| Mrs. Bectors Food Specialities Ltd. | Consumer Staples | 0.57% | ₹21.00 Cr | +0.49% | +0.51% | +0.42% |
| Syngene International Ltd. | Healthcare | 0.56% | ₹20.83 Cr | +0.64% | +0.60% | +0.90% |
| Hindustan Aeronautics Ltd. | Capital Goods | 0.55% | ₹20.42 Cr | -1.32% | -1.54% | -1.68% |
| PB Fintech Ltd. | Services | 0.50% | ₹18.66 Cr | — | — | — |
| Tata Motors Ltd. | Automobile | 0.47% | ₹17.34 Cr | +0.46% | +0.46% | — |
| Canara HSBC Life Insurance Company Ltd. | Insurance | 0.23% | ₹8.39 Cr | +0.21% | +0.85% | — |
| La Opala RG Ltd. | Materials | 0.21% | ₹7.87 Cr | +0.24% | +0.23% | +0.34% |
| Nifty 50 | Financial | 0.02% | ₹0.82 Cr | — | — | — |
| Punjab National Bank | Financial | -0.01% | ₹-0.26 Cr | -2.08% | -1.24% | -1.24% |
| Bandhan Bank Ltd. | Financial | -0.01% | ₹-0.35 Cr | -4.26% | -3.12% | -3.60% |
| Hindalco Industries Ltd. | Metals & Mining | -0.01% | ₹-0.38 Cr | -2.42% | -2.48% | -1.92% |
| Bank Of Baroda | Financial | -0.01% | ₹-0.38 Cr | -2.68% | -2.58% | -1.96% |
| Titan Company Ltd. | Consumer Discretionary | -0.02% | ₹-0.61 Cr | -3.52% | -2.82% | -2.40% |
| Tata Steel Ltd. Pref. Shares 2.00 | Metals & Mining | -0.82% | ₹-30.29 Cr | — | — | — |
| ICICI Bank Ltd.(Partly Paid Equity) | Financial | -1.70% | ₹-62.98 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| ICICI Bank Ltd. | -1.81% | 7.41% | +9.21% |
| Others | 20.20% | 16.92% | -3.29% |
| Tata Steel Ltd. | -0.78% | 1.79% | +2.57% |
| Hindustan Aeronautics Ltd. | -1.42% | 0.55% | +1.97% |
| ICICI Bank Ltd.(Partly Paid Equity) | 0.00% | -1.70% | -1.70% |
| Reliance Industries Ltd. | 0.00% | 1.50% | +1.50% |
| Oil And Natural Gas Corporation Ltd. | 0.00% | 1.46% | +1.46% |
| company:5652 | 1.27% | 0.00% | -1.27% |
| Info Edge (India) Ltd. | 0.97% | 0.00% | -0.97% |
| Tata Steel Ltd. Pref. Shares 2.00 | 0.00% | -0.82% | -0.82% |
| Alkem Laboratories Ltd. | 0.35% | 1.03% | +0.68% |
| company:5989 | 0.64% | 0.00% | -0.64% |
| Indian Bank | 0.00% | 0.64% | +0.64% |
| HDFC Bank Ltd. | -2.18% | -1.57% | +0.61% |
| Bharti Telecom Ltd. | 0.20% | 0.73% | +0.53% |
| company:3911 | -0.44% | 0.00% | +0.44% |
| Hyundai Motor India Ltd. | 0.41% | 0.78% | +0.37% |
| Eternal Ltd. | 1.15% | 0.80% | -0.35% |
| NTPC Ltd. | 0.91% | 1.24% | +0.33% |
| SBI Life Insurance Company Ltd. | 1.28% | 1.55% | +0.27% |
| Bharat Electronics Ltd. | 0.74% | 0.97% | +0.23% |
| HDFC Life Insurance Co Ltd. | 1.13% | 1.36% | +0.23% |
| Infosys Ltd. | 0.49% | 0.69% | +0.20% |
| Bandhan Bank Ltd. | -1.69% | -1.88% | -0.20% |
| Titan Company Ltd. | -2.02% | -1.87% | +0.15% |
| PB Fintech Ltd. | 0.64% | 0.50% | -0.14% |
| Coforge Ltd. | 0.84% | 0.73% | -0.12% |
| Tata Capital Ltd. | 0.71% | 0.60% | -0.11% |
| Mahindra & Mahindra Ltd. | 1.40% | 1.30% | -0.10% |
| State Bank of India | -1.43% | -1.36% | +0.08% |
| LG Electronics India Ltd. | 1.41% | 1.48% | +0.07% |
| Mankind Pharma Ltd. | 0.97% | 1.04% | +0.07% |
| Bharti Airtel Ltd. | -2.27% | -2.21% | +0.06% |
| Maruti Suzuki India Ltd. | 0.69% | 0.63% | -0.06% |
| Hindalco Industries Ltd. | -1.27% | -1.21% | +0.06% |
| ITC Ltd. | 0.91% | 0.97% | +0.06% |
| Bajaj Finance Ltd. | 1.35% | 1.39% | +0.05% |
| REC Ltd. | 1.36% | 1.40% | +0.05% |
| Emami Ltd. | 0.60% | 0.65% | +0.04% |
| LIC Housing Finance Ltd. | 1.31% | 1.35% | +0.04% |
| Bharat Petroleum Corporation Ltd. | 1.14% | 1.10% | -0.04% |
| Tata Motors Ltd. | 0.51% | 0.47% | -0.04% |
| Mrs. Bectors Food Specialities Ltd. | 0.60% | 0.57% | -0.04% |
| Small Industries Devp. Bank of India Ltd. | 0.97% | 0.94% | -0.04% |
| Life Insurance Corporation of India | 1.43% | 1.40% | -0.04% |
| Torrent Pharmaceuticals Ltd. | 1.03% | 1.07% | +0.03% |
| Cholamandalam Investment and Finance Company Ltd. | 0.71% | 0.68% | -0.03% |
| Max Financial Services Ltd. | 1.04% | 1.07% | +0.03% |
| Power Finance Corporation Ltd. | 0.67% | 0.70% | +0.02% |
| National Bank For Agriculture & Rural Development | 0.68% | 0.70% | +0.02% |
| Muthoot Finance Ltd. | 0.68% | 0.71% | +0.02% |
| Punjab National Bank | -1.09% | -1.11% | -0.02% |
| Nifty 50 | 0.00% | 0.02% | +0.02% |
| Cipla Ltd. | 1.42% | 1.40% | -0.02% |
| GOI | 0.67% | 0.69% | +0.02% |
| La Opala RG Ltd. | 0.23% | 0.21% | -0.02% |
| Bajaj Finserv Ltd. | 1.99% | 2.01% | +0.02% |
| National Bank For Financing Infrastructure And Development | 0.65% | 0.67% | +0.02% |
| Hindustan Unilever Ltd. | 1.08% | 1.07% | -0.02% |
| Century Plyboards (India) Ltd. | 0.83% | 0.81% | -0.01% |
| Syngene International Ltd. | 0.57% | 0.56% | -0.01% |
| India Universal Trust AL1 | 0.72% | 0.73% | +0.01% |
| Kotak Mahindra Bank Ltd. | -0.99% | -1.00% | -0.01% |
| Samvardhana Motherson International Ltd. | 0.59% | 0.58% | -0.01% |
| Bank Of Baroda | -1.14% | -1.15% | -0.01% |
| PNB Housing Finance Ltd. | 1.00% | 1.01% | +0.01% |
| Canara HSBC Life Insurance Company Ltd. | 0.23% | 0.23% | 0.00% |
| Axis Bank Ltd. | -1.03% | -1.03% | 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 | ₹18,271 Cr | 2.11% | 7.3% | 6.9% | 10.2% |
 ICICI Prudential Balanced Advantage Fund | ₹71,892 Cr | 1.52% | 8.8% | 8.6% | 10.5% |
 Aditya Birla Sun Life Balanced Advantage Fund | ₹9,847 Cr | 1.96% | 10.5% | 8.9% | 10.5% |
 Baroda BNP Paribas Balanced Advantage Fund | ₹5,162 Cr | 2.04% | 7.8% | 7.7% | 10.4% |
 Axis Balanced Advantage Fund | ₹3,643 Cr | 2.18% | 7.4% | 6.8% | 9.7% |
 Quant Dynamic Asset Allocation Fund | ₹810 Cr | 2.84% | 2.0% | 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 months5.14% absolute | ₹60,000 | ₹63,084 | 5.14% | |
| 1 year4.96% annualised | ₹1,20,000 | ₹1,23,273 | 2.73% | |
| 3 years10.60% annualised | ₹3,60,000 | ₹4,25,376 | 18.16% | |
| 5 years7.99% annualised | ₹6,00,000 | ₹7,39,468 | 23.24% |
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 ₹29.56 as on 9 Nov 2026.
What is the expense ratio of DSP Dynamic Asset Allocation Fund?
The expense ratio of DSP Dynamic Asset Allocation Fund is 2.26% 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 8.4% over 1 year, 7.5% over 3 years and 9.2% 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 Very 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 ₹2,47,696 Cr under management.