DSP Equity Savings Fund
- 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
DSP Equity Savings Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +2.4% against +2.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.2% | +0.4 pts | 3.8% | 4.5% |
| 2Y | 3.9% | −1.3 pts | 5.2% | 4.4% |
| 3Y | 5.1% | −2.9 pts | 8.0% | 4.9% |
| 5Y | 7.0% | +0.1 pts | 6.9% | 6.4% |
| 7Y | 7.9% | −0.1 pts | 8.0% | 7.1% |
| 10Y | 7.8% | +0.2 pts | 7.6% | 7.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 3.0% | +0.2 pts | 2.8% | 2.7% |
| 3M | 1.1% | +0.3 pts | 0.8% | 0.6% |
| 6M | 2.4% | −1.0 pts | 3.4% | 3.0% |
| 1Y | 2.5% | −1.3 pts | 3.8% | 2.7% |
| 2Y | 3.8% | −1.0 pts | 4.8% | 4.2% |
| 3Y | 8.0% | 0.0 pts | 8.0% | 6.9% |
| 5Y | 7.1% | +0.1 pts | 6.9% | 6.0% |
| 7Y | 8.2% | −0.1 pts | 8.3% | 7.4% |
| 10Y | 7.5% | −0.1 pts | 7.6% | 7.0% |
Since launch (8 Mar 2016): 7.9%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.2% | −1.1 pts | 7.3% |
| 2024 | 12.0% | +0.1 pts | 11.9% |
| 2023 | 12.2% | −2.2 pts | 14.3% |
| 2022 | 4.6% | +0.3 pts | 4.2% |
| 2021 | 12.8% | −0.8 pts | 13.6% |
| 2020 | 7.8% | −2.7 pts | 10.5% |
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.
Your principal is treated as being at moderately high risk — typically balanced hybrid and index-led equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.72 | 0.93 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.41 | 0.59 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.72 | 0.72 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 4.00 | 6.22 | How 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
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 37.43% | ₹1,156 Cr | +116.40% | +113.52% | +116.70% |
| HDFC Bank Ltd. | Financial | 7.41% | ₹229 Cr | -0.08% | -10.48% | -11.88% |
| GOI | Sovereign | 5.04% | ₹156 Cr | +5.12% | +4.96% | +3.04% |
| ICICI Bank Ltd. | Financial | 2.34% | ₹72.37 Cr | +3.57% | +2.85% | +2.23% |
| ITC Ltd. | Consumer Staples | 2.22% | ₹68.47 Cr | 0.00% | -1.94% | -2.40% |
| Cipla Ltd. | Healthcare | 1.92% | ₹59.41 Cr | -0.02% | -0.88% | -1.02% |
| Mahindra & Mahindra Ltd. | Automobile | 1.92% | ₹59.41 Cr | +0.02% | -2.04% | -2.18% |
| Kotak Mahindra Bank Ltd. | Financial | 1.89% | ₹58.50 Cr | -0.02% | -1.86% | -1.22% |
| Bharti Telecom Ltd. | Communication | 1.69% | ₹52.04 Cr | +1.47% | +1.41% | +1.32% |
| Power Finance Corporation Ltd. | Financial | 1.68% | ₹51.81 Cr | +0.09% | +0.34% | +0.34% |
| Bajaj Finance Ltd. | Financial | 1.62% | ₹49.91 Cr | -0.01% | -1.50% | -1.23% |
| REC Ltd. | Financial | 1.61% | ₹49.70 Cr | — | — | — |
| Indigo Paints Ltd. | Materials | 1.39% | ₹43.00 Cr | +1.14% | +0.78% | +0.47% |
| HDFC Life Insurance Co Ltd. | Insurance | 1.37% | ₹42.26 Cr | -0.01% | -0.24% | -0.17% |
| NTPC Ltd. | Energy | 1.34% | ₹41.51 Cr | -0.02% | -2.22% | -1.02% |
| Axis Bank Ltd. | Financial | 1.26% | ₹38.98 Cr | -0.06% | -5.52% | -4.46% |
| Alkem Laboratories Ltd. | Healthcare | 1.20% | ₹36.93 Cr | +0.18% | — | — |
| Indus Towers Ltd. | Communication | 1.16% | ₹35.76 Cr | -0.02% | -2.98% | -2.24% |
| SBI Life Insurance Company Ltd. | Insurance | 1.14% | ₹35.30 Cr | +0.90% | +0.89% | 0.00% |
| Petronet LNG Ltd. | Energy | 1.04% | ₹31.98 Cr | 0.00% | -0.08% | -0.04% |
| Infosys Ltd. | Technology | 1.03% | ₹31.76 Cr | +0.91% | +1.84% | -0.67% |
| HDFC Asset Management Company Ltd. | Financial | 0.97% | ₹30.00 Cr | — | — | — |
| Hero Motocorp Ltd. | Automobile | 0.97% | ₹29.84 Cr | 0.00% | -0.12% | — |
| Maruti Suzuki India Ltd. | Automobile | 0.95% | ₹29.45 Cr | +0.79% | +0.67% | — |
| Syngene International Ltd. | Healthcare | 0.86% | ₹26.68 Cr | +0.91% | +0.59% | +0.62% |
| Muthoot Finance Ltd. | Financial | 0.85% | ₹26.22 Cr | +0.74% | +0.71% | -0.09% |
| Canara HSBC Life Insurance Company Ltd. | Insurance | 0.85% | ₹26.15 Cr | +0.70% | +0.90% | — |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 0.84% | ₹25.85 Cr | +0.80% | +0.73% | +0.50% |
| Power Grid Corporation Of India Ltd. | Energy | 0.83% | ₹25.66 Cr | 0.00% | -0.57% | -0.51% |
| National Housing Bank | Financial | 0.83% | ₹25.57 Cr | +0.74% | +0.70% | +0.70% |
| Knowledge Realty Trust | Construction | 0.82% | ₹25.35 Cr | — | — | — |
| Indian Railway Finance Corporation Ltd. | Financial | 0.81% | ₹25.02 Cr | +0.72% | +0.73% | +0.68% |
| National Bank For Financing Infrastructure And Development | Financial | 0.79% | ₹24.48 Cr | +0.71% | +0.72% | +0.68% |
| Oil And Natural Gas Corporation Ltd. | Energy | 0.79% | ₹24.44 Cr | 0.00% | -0.24% | -0.06% |
| Cohance Lifesciences Ltd. | Healthcare | 0.65% | ₹20.02 Cr | +0.76% | +0.49% | +0.69% |
| Coromandel International Ltd. | Chemicals | 0.54% | ₹16.71 Cr | +0.54% | — | — |
| Life Insurance Corporation of India | Insurance | 0.45% | ₹13.87 Cr | — | — | — |
| Nifty 50 | Financial | 0.34% | ₹10.42 Cr | +0.02% | +1.27% | +0.15% |
| Brookfield India Real Estate Trust REIT | Construction | 0.31% | ₹9.43 Cr | +0.26% | +0.25% | +1.16% |
| Cyient Ltd. | Technology | 0.29% | ₹8.82 Cr | +0.37% | +0.32% | +0.43% |
| Alembic Pharmaceuticals Ltd. | Healthcare | 0.26% | ₹8.17 Cr | +0.24% | +0.19% | +0.24% |
| Indian Oil Corporation Ltd. | Energy | 0.22% | ₹6.74 Cr | +0.20% | — | — |
| Bharat Petroleum Corporation Ltd. | Energy | 0.21% | ₹6.63 Cr | +0.19% | — | — |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.20% | ₹6.31 Cr | 0.00% | -0.08% | -0.10% |
| La Opala RG Ltd. | Materials | 0.20% | ₹6.18 Cr | +0.20% | +0.18% | +0.25% |
| Oberoi Realty Ltd. | Construction | 0.17% | ₹5.34 Cr | — | — | — |
| Ipca Laboratories Ltd. | Healthcare | 0.10% | ₹3.08 Cr | +0.40% | +0.37% | +0.51% |
| Steel Authority Of India Ltd. | Metals & Mining | 0.00% | ₹0.02 Cr | 0.00% | -0.04% | -0.04% |
| NMDC Ltd. | Metals & Mining | 0.00% | ₹0.01 Cr | 0.00% | -0.78% | -0.74% |
| United Spirits Ltd. | Consumer Staples | 0.00% | ₹0.00 Cr | 0.00% | -0.22% | -0.22% |
| Bharat Electronics Ltd. | Capital Goods | -0.00% | ₹-0.00 Cr | 0.00% | -0.94% | -0.74% |
| GMR Airports Ltd. | Construction | -0.00% | ₹-0.01 Cr | 0.00% | -0.40% | -0.38% |
| Ambuja Cements Ltd. | Materials | -0.00% | ₹-0.02 Cr | 0.00% | -0.64% | -0.86% |
| LIC Housing Finance Ltd. | Financial | -0.00% | ₹-0.03 Cr | 0.00% | -0.14% | -0.16% |
| Tata Power Company Ltd. | Energy | -0.00% | ₹-0.04 Cr | 0.00% | -0.80% | -0.74% |
| Larsen & Toubro Ltd. | Construction | -0.00% | ₹-0.05 Cr | -0.02% | -2.88% | -2.06% |
| JSW Steel Ltd. | Metals & Mining | -0.00% | ₹-0.05 Cr | 0.00% | -0.28% | -0.04% |
| Biocon Ltd. | Healthcare | -0.00% | ₹-0.06 Cr | 0.00% | -0.30% | -0.26% |
| TVS Motor Company Ltd. | Automobile | -0.00% | ₹-0.07 Cr | -0.28% | -0.34% | -0.34% |
| Bandhan Bank Ltd. | Financial | -0.00% | ₹-0.15 Cr | 0.00% | -1.36% | -1.16% |
| Punjab National Bank | Financial | -0.01% | ₹-0.16 Cr | 0.00% | -1.24% | -0.62% |
| Hindustan Aeronautics Ltd. | Capital Goods | -0.01% | ₹-0.16 Cr | -0.02% | -1.08% | -1.26% |
| Vodafone Idea Ltd. | Communication | -0.01% | ₹-0.16 Cr | -0.02% | -2.60% | -2.32% |
| State Bank of India | Financial | -0.01% | ₹-0.21 Cr | -0.02% | -1.50% | -3.54% |
| Bank Of Baroda | Financial | -0.01% | ₹-0.28 Cr | -0.02% | -1.84% | -1.34% |
| Bharti Airtel Ltd. | Communication | -0.01% | ₹-0.34 Cr | 0.00% | -3.60% | -2.80% |
| Reliance Industries Ltd. | Energy | -0.01% | ₹-0.39 Cr | -0.02% | -6.08% | -5.40% |
| Titan Company Ltd. | Consumer Discretionary | -0.01% | ₹-0.42 Cr | 0.00% | -2.86% | -1.38% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | -0.01% | ₹-0.46 Cr | -0.02% | -2.94% | -2.54% |
| Hindalco Industries Ltd. | Metals & Mining | -0.02% | ₹-0.49 Cr | 0.00% | -2.68% | -1.50% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Reliance Industries Ltd. | 3.11% | -3.11% | -6.22% |
| Others | 38.29% | 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 Baroda | 0.95% | -0.99% | -1.95% |
| Bandhan Bank Ltd. | 0.84% | -0.99% | -1.83% |
| State Bank of India | 0.88% | -0.86% | -1.74% |
| Power Finance Corporation Ltd. | 0.04% | 1.68% | +1.64% |
| Punjab National Bank | 0.76% | -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 Trust | 0.00% | 0.82% | +0.82% |
| company:5652 | 0.73% | 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 REIT | 0.00% | 0.31% | +0.31% |
| Nifty 50 | 0.04% | 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% |
| GOI | 2.76% | 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 Ltd | 0.05% | 0.00% | -0.05% |
| SBI Life Insurance Company Ltd. | 1.10% | 1.14% | +0.05% |
| National Housing Bank | 0.78% | 0.83% | +0.05% |
| National Bank For Financing Infrastructure And Development | 0.75% | 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 India | 0.44% | 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:20133 | 0.00% | 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.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹3,309 Cr | 2.20% | 7.7% | 7.5% | 9.1% |
| ₹10,443 Cr | 2.13% | 3.9% | 5.7% | 8.1% | |
| ₹1,994 Cr | 1.72% | 7.7% | 7.5% | 8.8% | |
| ₹1,704 Cr | 2.10% | 8.8% | 8.6% | 9.5% | |
| ₹1,558 Cr | 2.37% | 10.3% | 9.5% | 11.1% | |
| ₹848 Cr | 2.68% | 8.1% | 6.4% | 7.8% |
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
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 months2.43% absolute | ₹60,000 | ₹61,458 | 2.43% | |
| 1 year2.51% annualised | ₹1,20,000 | ₹1,21,644 | 1.37% | |
| 3 years8.01% annualised | ₹3,60,000 | ₹4,08,123 | 13.37% | |
| 5 years7.07% annualised | ₹6,00,000 | ₹7,21,453 | 20.24% |
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.