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DSP Equity Savings Fund

Equity SavingsModerately HighOPEN-ENDED
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NAV as on 9 Nov 2026
₹22.65+0.13%1 day
Return since launch
7.9%
52-week range
₹21.67 — ₹22.62
AUM
₹3,087 Cr

DSP Equity Savings Fund is a Equity Savings hybrid fund from DSP Mutual Fund with ₹3,087 Cr under management, launched in 2016. Over three years it has returned 5.1% a year, against 8.0% for its category. The expense ratio is 1.95% and the SEBI riskometer reading is Moderately High.

Performance

Returns

How the fund has done against its category and its benchmark.

Trailing returns
PeriodFundvs categoryCategoryBenchmark
1Y4.2%+0.4 pts3.8%4.5%
2Y3.9%−1.3 pts5.2%4.4%
3Y5.1%−2.9 pts8.0%4.9%
5Y7.0%+0.1 pts6.9%6.4%
7Y7.9%−0.1 pts8.0%7.1%
10Y7.8%+0.2 pts7.6%7.1%

Fund against category

1Y
Fund4.2%
Category3.8%
3Y
Fund5.1%
Category8.0%
5Y
Fund7.0%
Category6.9%

Since launch (8 Mar 2016): 7.9%

Calendar-year returns

Category average
Show as a table
Calendar-year returns
PeriodFundvs categoryCategory
20256.2%−1.1 pts7.3%
202412.0%+0.1 pts11.9%
202312.2%−2.2 pts14.3%
20224.6%+0.3 pts4.2%
202112.8%−0.8 pts13.6%
20207.8%−2.7 pts10.5%

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

1.96%

Expense ratio as on 6 Nov 2026

Charged yearly and already deducted from the NAV.

Base expense
1.33%
Brokerage
0.08%
Transaction charges
0.02%
Statutory levies
0.53%
Exit load
For units in excess of 10% of the investment,1% will be charged for redemption within 12 months
Lock-in
None

Terms

Min SIP
₹3,000
Min lumpsum
₹5,000
Plan
GROWTH
Fund type
OPEN-ENDED
Benchmark
NIFTY Equity Savings TRI
Short-term capital gains
Returns taxed at 20% if you redeem before 1 year
Long-term capital gains
After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Risk

Risk

What the riskometer means for this fund, and how its ratios sit against the category.

Moderately High

Your principal is treated as being at moderately high risk — typically balanced hybrid and index-led equity schemes.

Risk ratios
RatioFundCategory avgRead as
Alpha——Return earned above what the benchmark alone would have given. Higher is better.
Beta0.720.93How hard the fund moves when the market moves. Under 1 is steadier than the market.
Sharpe0.410.59Return earned for each unit of total risk taken. Higher is better.
Sortino0.720.72Return earned for each unit of downside risk. Higher is better.
Std. deviation4.006.22How widely monthly returns have varied around their own average. Lower is steadier.
Average of 5 category peers

Portfolio

DSP Equity Savings Fund portfolio

Portfolio as of 30 Sep 2026

Asset allocation

  • Equity36.0%
  • Debt25.5%
  • Other38.6%

Market cap split

  • Large83.0%
  • Mid8.9%
  • Small8.1%
P/E
15.50
P/B
2.30

Top holdings

HoldingSectorWeightValue3M chg6M chg1Y chg
OthersOthers37.43%₹1,156 Cr+116.40%+113.52%+116.70%
HDFC Bank Ltd.Financial7.41%₹229 Cr-0.08%-10.48%-11.88%
GOISovereign5.04%₹156 Cr+5.12%+4.96%+3.04%
ICICI Bank Ltd.Financial2.34%₹72.37 Cr+3.57%+2.85%+2.23%
ITC Ltd.Consumer Staples2.22%₹68.47 Cr0.00%-1.94%-2.40%
Cipla Ltd.Healthcare1.92%₹59.41 Cr-0.02%-0.88%-1.02%
Mahindra & Mahindra Ltd.Automobile1.92%₹59.41 Cr+0.02%-2.04%-2.18%
Kotak Mahindra Bank Ltd.Financial1.89%₹58.50 Cr-0.02%-1.86%-1.22%
Bharti Telecom Ltd.Communication1.69%₹52.04 Cr+1.47%+1.41%+1.32%
Power Finance Corporation Ltd.Financial1.68%₹51.81 Cr+0.09%+0.34%+0.34%

Sectors

  • Others37.4%
  • Financial23.2%
  • Sovereign10.5%
  • Healthcare5.0%
  • Insurance4.6%
  • Energy4.6%
  • Communication3.9%
  • Automobile3.8%

Instruments

  • Cash Margin33.1%
  • GOI Securities7.6%
  • Debenture5.2%
  • Bonds4.1%
  • GOI Securities Floating Rate Bond2.9%
  • Reverse Repo2.9%
  • Non Convertible Debenture2.5%
  • Certificate of Deposit2.4%

Recent changes

HoldingFromToWeight
Reliance Industries Ltd.3.11%-3.11%-6.22%
Others38.29%33.08%-5.21%
Vodafone Idea Ltd.2.35%-2.28%-4.64%
Bharti Airtel Ltd.1.97%-2.05%-4.02%
Hindalco Industries Ltd.1.87%-1.87%-3.74%
Larsen & Toubro Ltd.1.79%-1.78%-3.57%
Sun Pharmaceutical Industries Ltd.1.79%-1.77%-3.56%
Titan Company Ltd.1.62%-1.57%-3.18%
Bank Of Baroda0.95%-0.99%-1.95%
Bandhan Bank Ltd.0.84%-0.99%-1.83%
State Bank of India0.88%-0.86%-1.74%
Power Finance Corporation Ltd.0.04%1.68%+1.64%
Punjab National Bank0.76%-0.81%-1.57%
Hindustan Aeronautics Ltd.0.65%-0.68%-1.33%
Eicher Motors Ltd.1.11%0.00%-1.11%
Hero Motocorp Ltd.-0.14%0.97%+1.11%
HDFC Asset Management Company Ltd.0.00%0.97%+0.97%
NMDC Ltd.0.49%-0.45%-0.94%
Tata Power Company Ltd.0.40%-0.44%-0.84%
Knowledge Realty Trust0.00%0.82%+0.82%
company:56520.73%0.00%-0.73%
Ambuja Cements Ltd.0.34%-0.34%-0.69%
Bharat Electronics Ltd.0.52%-0.08%-0.60%
Bajaj Finance Ltd.2.13%1.62%-0.51%
GMR Airports Ltd.0.23%-0.25%-0.49%
TVS Motor Company Ltd.0.24%-0.24%-0.48%
Power Grid Corporation Of India Ltd.0.18%-0.19%-0.38%
Biocon Ltd.0.18%-0.18%-0.36%
JSW Steel Ltd.0.17%-0.18%-0.35%
Brookfield India Real Estate Trust REIT0.00%0.31%+0.31%
Nifty 500.04%0.34%+0.30%
Hindustan Petroleum Corporation Ltd.-0.09%0.20%+0.30%
United Spirits Ltd.0.14%-0.14%-0.28%
Oberoi Realty Ltd.0.00%0.17%+0.17%
LIC Housing Finance Ltd.0.08%-0.09%-0.16%
HDFC Bank Ltd.-2.11%-2.26%-0.15%
Apollo Hospitals Enterprise Ltd.0.13%0.00%-0.13%
Bharti Telecom Ltd.1.57%1.69%+0.12%
GOI2.76%2.87%+0.12%
Axis Bank Ltd.-3.31%-3.43%-0.11%
REC Ltd.1.50%1.61%+0.11%
Aditya Birla Capital Ltd.0.08%0.00%-0.08%
Mahindra & Mahindra Ltd.-1.26%-1.18%+0.08%
Kotak Mahindra Bank Ltd.-1.71%-1.79%-0.08%
Aurobindo Pharma Ltd.0.07%0.00%-0.07%
ICICI Lombard General Insurance Company Ltd.0.77%0.84%+0.07%
Infosys Ltd.1.10%1.03%-0.07%
Steel Authority Of India Ltd.0.03%-0.03%-0.07%
ICICI Bank Ltd.2.41%2.34%-0.06%
ITC Ltd.-0.96%-1.02%-0.06%
NTPC Ltd.-1.05%-1.11%-0.06%
Muthoot Finance Ltd.0.79%0.85%+0.06%
Maruti Suzuki India Ltd.1.01%0.95%-0.05%
Indian Railway Finance Corporation Ltd.0.76%0.81%+0.05%
Shriram Finance Ltd0.05%0.00%-0.05%
SBI Life Insurance Company Ltd.1.10%1.14%+0.05%
National Housing Bank0.78%0.83%+0.05%
National Bank For Financing Infrastructure And Development0.75%0.79%+0.05%
Alkem Laboratories Ltd.1.15%1.20%+0.04%
HDFC Life Insurance Co Ltd.1.33%1.37%+0.04%
Cohance Lifesciences Ltd.0.62%0.65%+0.03%
Indus Towers Ltd.-0.64%-0.66%-0.02%
Info Edge (India) Ltd.0.02%0.00%-0.02%
Syngene International Ltd.0.89%0.86%-0.02%
Indigo Paints Ltd.1.37%1.39%+0.02%
Canara HSBC Life Insurance Company Ltd.0.83%0.85%+0.02%
Tata Motors Passenger Vehicles Ltd.0.01%0.00%-0.01%
Alembic Pharmaceuticals Ltd.0.25%0.26%+0.01%
Petronet LNG Ltd.1.02%1.04%+0.01%
Ipca Laboratories Ltd.0.11%0.10%-0.01%
Indian Oil Corporation Ltd.0.21%0.22%+0.01%
La Opala RG Ltd.0.21%0.20%-0.01%
Coromandel International Ltd.0.55%0.54%-0.01%
Life Insurance Corporation of India0.44%0.45%+0.01%
Pidilite Industries Ltd.0.01%0.00%-0.01%
Oil And Natural Gas Corporation Ltd.-0.11%-0.11%0.00%
Ultratech Cement Ltd.0.00%0.00%0.00%
Cipla Ltd.-0.14%-0.14%0.00%
company:201330.00%0.00%0.00%
Cyient Ltd.0.28%0.29%0.00%
Bharat Petroleum Corporation Ltd.0.21%0.21%0.00%

Compare

Similar funds

The rest of the category, so this fund’s numbers have something to sit against.

FundAUMExpense1Y3Y5Y
Category average₹3,309 Cr2.20%7.7%7.5%9.1%
Kotak Equity Savings Fund₹10,443 Cr2.13%3.9%5.7%8.1%
Mirae Asset Equity Savings Fund₹1,994 Cr1.72%7.7%7.5%8.8%
Edelweiss Equity Savings Fund₹1,704 Cr2.10%8.8%8.6%9.5%
HSBC Equity Savings Fund₹1,558 Cr2.37%10.3%9.5%11.1%
Axis Equity Savings Fund₹848 Cr2.68%8.1%6.4%7.8%
See all Equity Savings funds

About

About this fund

The scheme’s own words, its benchmark and the people running it.

Investment objective

The Scheme seeks to generate income through investments in fixed income securities and using arbitrage and other derivative Strategies. The Scheme also intends to generate long-term capital appreciation by investing a portion of the Scheme's assets in equity and equity related instruments.

Fund managers

  • Abhishek SinghMr. Singh is a B-Tech, IIT Kanpur PGDM, IIM LucknowPrior to joining DSP Mutual Fund he has worked with EdelCap Securities Limited, Systematic Trading Division. Kotak Securities Limited, Proprietary Trading and Structured Products Division. Kotak Mahindra Investments Limited, Structured Products Division.
  • 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
  • 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
Scheme information document

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 pastTotal investmentWould’ve becomeGrowthReturns
6 months2.43% absolute₹60,000₹61,4582.43%
1 year2.51% annualised₹1,20,000₹1,21,6441.37%
3 years8.01% annualised₹3,60,000₹4,08,12313.37%
5 years7.07% annualised₹6,00,000₹7,21,45320.24%

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 Equity Savings Fund?
The NAV of DSP Equity Savings Fund is ₹22.65 as on 9 Nov 2026.
What is the expense ratio of DSP Equity Savings Fund?
The expense ratio of DSP Equity Savings Fund is 1.95% per year.
What is the minimum SIP amount for DSP Equity Savings Fund?
You can start a SIP in DSP Equity Savings Fund with ₹3,000 a month.
What returns has DSP Equity Savings Fund given?
DSP Equity Savings Fund has returned 4.2% over 1 year, 5.1% over 3 years and 7.0% over 5 years (annualised).
Is there a lock-in or exit load on DSP Equity Savings Fund?
Lock-in: None. Exit load: For units in excess of 10% of the investment,1% will be charged for redemption within 12 months.
How risky is DSP Equity Savings Fund?
DSP Equity Savings Fund is rated Moderately High on the SEBI riskometer and belongs to the Equity Savings category.
Which fund house manages DSP Equity Savings Fund?
DSP Equity Savings Fund is managed by DSP Mutual Fund, which runs 60 schemes with ₹2,47,696 Cr under management.