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DSP Equity Savings Fund

Equity SavingsModerateOPEN-ENDED
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NAV as on 24 Sep 2026
₹22.14-0.40%1 day
Return since launch
7.9%
52-week range
₹21.67 — ₹22.50
AUM
₹3,306 Cr

DSP Equity Savings Fund is a Equity Savings hybrid fund from DSP Mutual Fund with ₹3,306 Cr under management, launched in 2016. Over three years it has returned 4.2% a year, against 7.5% for its category. The expense ratio is 1.96% and the SEBI riskometer reading is Moderate.

Performance

Returns

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

Trailing returns
PeriodFundvs categoryCategoryBenchmark
1Y0.0%−3.0 pts3.0%1.5%
2Y1.9%−1.7 pts3.6%3.0%
3Y4.2%−3.3 pts7.5%4.3%
5Y6.5%−0.3 pts6.8%6.1%
7Y7.7%−0.2 pts7.9%6.9%
10Y7.5%+0.1 pts7.4%6.9%

Fund against category

1Y
Fund0.0%
Category3.0%
3Y
Fund4.2%
Category7.5%
5Y
Fund6.5%
Category6.8%

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 23 Sep 2026

Charged yearly and already deducted from the NAV.

Base expense
1.32%
Brokerage
0.08%
Transaction charges
0.02%
Statutory levies
0.54%
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.

Moderate

Your principal is treated as being at moderate risk — typically medium duration debt and conservative hybrid schemes.

Risk ratios
RatioFundCategory avgRead as
Alpha——Return earned above what the benchmark alone would have given. Higher is better.
Beta—0.87How hard the fund moves when the market moves. Under 1 is steadier than the market.
Sharpe0.500.72Return earned for each unit of total risk taken. Higher is better.
Sortino0.860.84Return earned for each unit of downside risk. Higher is better.
Std. deviation3.916.16How 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 31 Aug 2026

Asset allocation

  • Equity33.6%
  • Debt26.0%
  • Other40.4%

Market cap split

  • Large83.5%
  • Mid8.8%
  • Small7.6%
P/E
16.65
P/B
2.48

Top holdings

HoldingSectorWeightValue3M chg6M chg1Y chg
OthersOthers40.38%₹1,335 Cr+117.57%+125.25%+115.82%
HDFC Bank Ltd.Financial6.91%₹228 Cr+5.43%-12.12%-12.49%
GOISovereign4.78%₹158 Cr+5.14%+7.66%+3.16%
ICICI Bank Ltd.Financial2.41%₹79.61 Cr+3.05%+3.10%+2.43%
Bajaj Finance Ltd.Financial2.22%₹73.55 Cr-0.04%-8.16%-4.55%
ITC Ltd.Consumer Staples1.98%₹65.51 Cr-0.02%-2.00%-2.18%
Mahindra & Mahindra Ltd.Automobile1.96%₹64.97 Cr-0.02%-2.24%-1.86%
Cipla Ltd.Healthcare1.88%₹62.18 Cr0.00%-0.92%-1.14%
Kotak Mahindra Bank Ltd.Financial1.75%₹57.85 Cr-0.02%-2.10%-1.11%
Power Finance Corporation Ltd.Financial1.60%₹52.92 Cr+0.18%+0.70%+0.67%

Sectors

  • Others40.4%
  • Financial23.0%
  • Sovereign9.8%
  • Healthcare4.9%
  • Insurance4.5%
  • Energy4.4%
  • Automobile3.9%
  • Communication3.6%

Instruments

  • Cash Margin38.3%
  • GOI Securities7.1%
  • Debenture4.9%
  • Bonds3.8%
  • Certificate of Deposit3.7%
  • GOI Securities Floating Rate Bond2.8%
  • Non Convertible Debenture2.3%
  • Reverse Repo1.7%

Recent changes

HoldingFromToWeight
Axis Bank Ltd.-0.01%-3.31%-3.30%
Reliance Industries Ltd.-0.01%3.11%+3.12%
Vodafone Idea Ltd.-0.01%2.35%+2.36%
Bajaj Finance Ltd.-0.01%2.13%+2.13%
HDFC Bank Ltd.-0.01%-2.11%-2.09%
Bharti Airtel Ltd.-0.00%1.97%+1.97%
Hindalco Industries Ltd.-0.01%1.87%+1.88%
Larsen & Toubro Ltd.-0.01%1.79%+1.80%
Sun Pharmaceutical Industries Ltd.-0.00%1.79%+1.79%
Kotak Mahindra Bank Ltd.-0.01%-1.71%-1.70%
Titan Company Ltd.-0.00%1.62%+1.62%
HDFC Life Insurance Co Ltd.-0.00%1.33%+1.33%
Mahindra & Mahindra Ltd.-0.00%-1.26%-1.26%
Eicher Motors Ltd.-0.00%1.11%+1.12%
NTPC Ltd.0.00%-1.05%-1.05%
Petronet LNG Ltd.-0.00%1.02%+1.02%
ITC Ltd.-0.00%-0.96%-0.96%
Bank Of Baroda-0.00%0.95%+0.96%
Others37.36%38.29%+0.93%
State Bank of India-0.00%0.88%+0.88%
Bandhan Bank Ltd.0.00%0.84%+0.84%
Punjab National Bank-0.00%0.76%+0.76%
company:115230.72%0.00%-0.72%
Canara Bank1.39%0.73%-0.66%
Hindustan Aeronautics Ltd.-0.00%0.65%+0.65%
Indus Towers Ltd.-0.00%-0.64%-0.63%
Bharat Electronics Ltd.-0.00%0.52%+0.52%
NMDC Ltd.-0.00%0.49%+0.49%
Jubilant Ingrevia Ltd.0.46%0.00%-0.46%
Life Insurance Corporation of India0.00%0.44%+0.44%
Alkem Laboratories Ltd.0.75%1.15%+0.40%
Tata Power Company Ltd.-0.00%0.40%+0.40%
Ambuja Cements Ltd.-0.00%0.34%+0.35%
company:164160.28%0.00%-0.28%
TVS Motor Company Ltd.-0.00%0.24%+0.24%
GMR Airports Ltd.-0.00%0.23%+0.23%
Power Grid Corporation Of India Ltd.-0.00%0.18%+0.18%
Biocon Ltd.-0.00%0.18%+0.18%
JSW Steel Ltd.-0.00%0.17%+0.17%
GOI2.61%2.76%+0.15%
United Spirits Ltd.-0.00%0.14%+0.14%
Cipla Ltd.-0.00%-0.14%-0.14%
Hero Motocorp Ltd.-0.00%-0.14%-0.14%
ICICI Bank Ltd.2.27%2.41%+0.14%
Apollo Hospitals Enterprise Ltd.-0.00%0.13%+0.13%
Indigo Paints Ltd.1.27%1.37%+0.11%
Oil And Natural Gas Corporation Ltd.-0.00%-0.11%-0.11%
Cohance Lifesciences Ltd.0.71%0.62%-0.09%
Hindustan Petroleum Corporation Ltd.-0.00%-0.09%-0.09%
Cyient Ltd.0.20%0.28%+0.09%
Canara HSBC Life Insurance Company Ltd.0.74%0.83%+0.09%
Aditya Birla Capital Ltd.-0.00%0.08%+0.08%
LIC Housing Finance Ltd.0.00%0.08%+0.08%
Bharti Telecom Ltd.1.49%1.57%+0.08%
Aurobindo Pharma Ltd.-0.00%0.07%+0.07%
Syngene International Ltd.0.81%0.89%+0.07%
Ipca Laboratories Ltd.0.18%0.11%-0.07%
REC Ltd.1.45%1.50%+0.06%
Nifty 500.09%0.04%-0.06%
Infosys Ltd.1.04%1.10%+0.05%
Shriram Finance Ltd-0.00%0.05%+0.05%
Power Finance Corporation Ltd.0.09%0.04%-0.05%
Muthoot Finance Ltd.0.75%0.79%+0.04%
SBI Life Insurance Company Ltd.1.13%1.10%-0.04%
Steel Authority Of India Ltd.-0.00%0.03%+0.03%
Indian Railway Finance Corporation Ltd.0.73%0.76%+0.03%
National Housing Bank0.75%0.78%+0.03%
National Bank For Financing Infrastructure And Development0.72%0.75%+0.03%
Info Edge (India) Ltd.-0.00%0.02%+0.02%
Alembic Pharmaceuticals Ltd.0.23%0.25%+0.02%
Coromandel International Ltd.0.57%0.55%-0.02%
Tata Motors Passenger Vehicles Ltd.-0.00%0.01%+0.02%
Bharat Petroleum Corporation Ltd.0.20%0.21%+0.01%
ICICI Lombard General Insurance Company Ltd.0.76%0.77%+0.01%
Indian Oil Corporation Ltd.0.20%0.21%+0.01%
Pidilite Industries Ltd.-0.00%0.01%+0.01%
Ultratech Cement Ltd.-0.00%0.00%0.00%
Maruti Suzuki India Ltd.1.01%1.01%0.00%
La Opala RG Ltd.0.21%0.21%0.00%
company:9041-0.00%0.00%0.00%
company:8003-0.00%0.00%0.00%
company:5626-0.00%0.00%0.00%
TVS Motor Company Ltd - Pref. Shares0.00%0.00%0.00%

Compare

Similar funds

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

FundAUMExpense1Y3Y5Y
Category average₹3,230 Cr2.25%4.5%7.0%8.8%
Kotak Equity Savings Fund₹10,684 Cr2.12%2.8%6.0%8.3%
Mirae Asset Equity Savings Fund₹2,041 Cr1.73%3.0%6.3%8.2%
Edelweiss Equity Savings Fund₹1,660 Cr2.15%7.6%8.5%9.4%
HSBC Equity Savings Fund₹1,475 Cr2.46%7.4%9.1%10.8%
Baroda BNP Paribas Equity Savings Fund₹289 Cr2.81%1.9%5.3%7.2%

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 months1.38% absolute₹60,000₹60,8281.38%
1 year1.35% annualised₹1,20,000₹1,20,8810.73%
3 years7.52% annualised₹3,60,000₹4,04,95712.49%
5 years6.41% annualised₹6,00,000₹7,08,86818.14%

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 ₹22.14 as on 24 Sep 2026.
What is the expense ratio of DSP Equity Savings Fund?
The expense ratio of DSP Equity Savings Fund is 1.96% 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 0.0% over 1 year, 4.2% over 3 years and 6.5% 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 Moderate 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 ₹2,33,296 Cr under management.