DSP Equity Savings Fund
- 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
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 +1.4% against +2.2% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 0.0% | −3.0 pts | 3.0% | 1.5% |
| 2Y | 1.9% | −1.7 pts | 3.6% | 3.0% |
| 3Y | 4.2% | −3.3 pts | 7.5% | 4.3% |
| 5Y | 6.5% | −0.3 pts | 6.8% | 6.1% |
| 7Y | 7.7% | −0.2 pts | 7.9% | 6.9% |
| 10Y | 7.5% | +0.1 pts | 7.4% | 6.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -0.9% | +0.3 pts | -1.1% | -1.2% |
| 3M | -0.8% | −1.2 pts | 0.4% | 0.1% |
| 6M | 1.4% | −2.1 pts | 3.5% | 2.9% |
| 1Y | 1.4% | −1.7 pts | 3.0% | 2.2% |
| 2Y | 2.2% | −0.9 pts | 3.1% | 2.6% |
| 3Y | 7.5% | 0.0 pts | 7.5% | 6.5% |
| 5Y | 6.4% | −0.4 pts | 6.8% | 5.9% |
| 7Y | 8.2% | −0.1 pts | 8.3% | 7.4% |
| 10Y | 7.3% | −0.2 pts | 7.4% | 6.8% |
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 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.
Your principal is treated as being at moderate risk — typically medium duration debt and conservative hybrid schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | 0.87 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.50 | 0.72 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.86 | 0.84 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 3.91 | 6.16 | 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 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
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 40.38% | ₹1,335 Cr | +117.57% | +125.25% | +115.82% |
| HDFC Bank Ltd. | Financial | 6.91% | ₹228 Cr | +5.43% | -12.12% | -12.49% |
| GOI | Sovereign | 4.78% | ₹158 Cr | +5.14% | +7.66% | +3.16% |
| ICICI Bank Ltd. | Financial | 2.41% | ₹79.61 Cr | +3.05% | +3.10% | +2.43% |
| Bajaj Finance Ltd. | Financial | 2.22% | ₹73.55 Cr | -0.04% | -8.16% | -4.55% |
| ITC Ltd. | Consumer Staples | 1.98% | ₹65.51 Cr | -0.02% | -2.00% | -2.18% |
| Mahindra & Mahindra Ltd. | Automobile | 1.96% | ₹64.97 Cr | -0.02% | -2.24% | -1.86% |
| Cipla Ltd. | Healthcare | 1.88% | ₹62.18 Cr | 0.00% | -0.92% | -1.14% |
| Kotak Mahindra Bank Ltd. | Financial | 1.75% | ₹57.85 Cr | -0.02% | -2.10% | -1.11% |
| Power Finance Corporation Ltd. | Financial | 1.60% | ₹52.92 Cr | +0.18% | +0.70% | +0.67% |
| Bharti Telecom Ltd. | Communication | 1.57% | ₹51.82 Cr | +1.46% | +1.35% | — |
| REC Ltd. | Financial | 1.50% | ₹49.69 Cr | — | — | — |
| Indigo Paints Ltd. | Materials | 1.37% | ₹45.44 Cr | +1.12% | +0.74% | +0.44% |
| HDFC Life Insurance Co Ltd. | Insurance | 1.33% | ₹44.05 Cr | 0.00% | -0.27% | -0.36% |
| Axis Bank Ltd. | Financial | 1.33% | ₹43.98 Cr | -0.07% | -6.26% | -4.34% |
| NTPC Ltd. | Energy | 1.27% | ₹42.14 Cr | -0.03% | -2.18% | -1.01% |
| Alkem Laboratories Ltd. | Healthcare | 1.15% | ₹38.12 Cr | — | — | — |
| Indus Towers Ltd. | Communication | 1.13% | ₹37.47 Cr | -0.03% | -3.10% | -1.89% |
| Infosys Ltd. | Technology | 1.10% | ₹36.22 Cr | +1.07% | +1.82% | -0.72% |
| SBI Life Insurance Company Ltd. | Insurance | 1.10% | ₹36.21 Cr | +0.94% | +0.97% | 0.00% |
| Petronet LNG Ltd. | Energy | 1.02% | ₹33.79 Cr | 0.00% | -0.10% | -0.04% |
| Maruti Suzuki India Ltd. | Automobile | 1.01% | ₹33.34 Cr | +0.74% | +0.49% | — |
| Hero Motocorp Ltd. | Automobile | 0.93% | ₹30.91 Cr | 0.00% | -0.26% | — |
| Syngene International Ltd. | Healthcare | 0.89% | ₹29.27 Cr | +0.93% | +0.61% | +0.43% |
| Canara HSBC Life Insurance Company Ltd. | Insurance | 0.83% | ₹27.49 Cr | +0.70% | +1.04% | — |
| Muthoot Finance Ltd. | Financial | 0.79% | ₹26.13 Cr | +0.74% | -0.09% | -0.08% |
| National Housing Bank | Financial | 0.78% | ₹25.80 Cr | +0.72% | +0.67% | +0.73% |
| Power Grid Corporation Of India Ltd. | Energy | 0.78% | ₹25.77 Cr | -0.01% | -0.54% | -0.53% |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 0.77% | ₹25.40 Cr | +0.84% | +0.77% | +0.51% |
| Indian Railway Finance Corporation Ltd. | Financial | 0.76% | ₹25.09 Cr | +0.70% | +0.70% | +0.71% |
| Oil And Natural Gas Corporation Ltd. | Energy | 0.76% | ₹25.06 Cr | 0.00% | -0.22% | -0.06% |
| National Bank For Financing Infrastructure And Development | Financial | 0.75% | ₹24.67 Cr | +0.69% | +0.69% | +0.70% |
| Canara Bank | Financial | 0.73% | ₹24.18 Cr | +1.36% | — | -0.85% |
| Cohance Lifesciences Ltd. | Healthcare | 0.62% | ₹20.56 Cr | +0.72% | +0.48% | +0.58% |
| Coromandel International Ltd. | Chemicals | 0.55% | ₹18.11 Cr | +0.48% | — | — |
| Life Insurance Corporation of India | Insurance | 0.44% | ₹14.67 Cr | — | — | — |
| Cyient Ltd. | Technology | 0.28% | ₹9.41 Cr | +0.39% | +0.36% | +0.46% |
| Alembic Pharmaceuticals Ltd. | Healthcare | 0.25% | ₹8.27 Cr | +0.22% | +0.19% | +0.27% |
| Bharat Petroleum Corporation Ltd. | Energy | 0.21% | ₹7.09 Cr | +0.19% | — | — |
| Indian Oil Corporation Ltd. | Energy | 0.21% | ₹6.95 Cr | +0.20% | — | — |
| La Opala RG Ltd. | Materials | 0.21% | ₹6.87 Cr | +0.20% | +0.22% | +0.27% |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.20% | ₹6.61 Cr | 0.00% | -0.20% | -0.17% |
| Ipca Laboratories Ltd. | Healthcare | 0.11% | ₹3.72 Cr | +0.36% | +0.58% | +0.55% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 0.04% | ₹1.40 Cr | -0.03% | -2.76% | -2.65% |
| Nifty 50 | Financial | 0.04% | ₹1.22 Cr | +0.19% | +0.30% | +0.20% |
| NMDC Ltd. | Metals & Mining | 0.01% | ₹0.33 Cr | -0.01% | -0.80% | -0.71% |
| State Bank of India | Financial | 0.01% | ₹0.18 Cr | -0.01% | -1.76% | -3.42% |
| TVS Motor Company Ltd - Pref. Shares | Automobile | 0.00% | ₹0.08 Cr | 0.00% | 0.00% | 0.00% |
| Biocon Ltd. | Healthcare | 0.00% | ₹0.07 Cr | 0.00% | -0.30% | -0.28% |
| Aurobindo Pharma Ltd. | Healthcare | 0.00% | ₹0.04 Cr | 0.00% | -0.10% | -0.08% |
| Aditya Birla Capital Ltd. | Financial | 0.00% | ₹0.03 Cr | 0.00% | -0.12% | -0.11% |
| Shriram Finance Ltd | Financial | 0.00% | ₹0.03 Cr | -0.01% | -0.20% | -0.12% |
| Bank Of Baroda | Financial | 0.00% | ₹0.01 Cr | -0.02% | -2.26% | -1.16% |
| Pidilite Industries Ltd. | Chemicals | 0.00% | ₹0.00 Cr | 0.00% | -0.01% | -0.01% |
| Ultratech Cement Ltd. | Materials | -0.00% | ₹-0.00 Cr | 0.00% | -0.01% | -0.01% |
| TVS Motor Company Ltd. | Automobile | -0.00% | ₹-0.00 Cr | 0.00% | -0.38% | -0.33% |
| Apollo Hospitals Enterprise Ltd. | Healthcare | -0.00% | ₹-0.01 Cr | 0.00% | -0.20% | -0.21% |
| LIC Housing Finance Ltd. | Financial | -0.00% | ₹-0.01 Cr | 0.00% | -0.14% | -0.16% |
| Tata Motors Passenger Vehicles Ltd. | Automobile | -0.00% | ₹-0.02 Cr | 0.00% | -0.04% | -3.84% |
| Bharat Electronics Ltd. | Capital Goods | -0.00% | ₹-0.02 Cr | -0.01% | -0.98% | -0.71% |
| Steel Authority Of India Ltd. | Metals & Mining | -0.00% | ₹-0.02 Cr | 0.00% | -0.04% | -0.04% |
| United Spirits Ltd. | Consumer Staples | -0.00% | ₹-0.03 Cr | 0.00% | -0.24% | -0.23% |
| Info Edge (India) Ltd. | Services | -0.00% | ₹-0.03 Cr | 0.00% | -0.04% | -0.05% |
| JSW Steel Ltd. | Metals & Mining | -0.00% | ₹-0.08 Cr | 0.00% | -0.30% | -0.02% |
| Larsen & Toubro Ltd. | Construction | -0.00% | ₹-0.12 Cr | -0.03% | -2.96% | -2.13% |
| Ambuja Cements Ltd. | Materials | -0.00% | ₹-0.13 Cr | 0.00% | -0.76% | +0.89% |
| Tata Power Company Ltd. | Energy | -0.00% | ₹-0.13 Cr | 0.00% | -0.76% | -0.76% |
| Punjab National Bank | Financial | -0.00% | ₹-0.16 Cr | -0.01% | -1.52% | -0.58% |
| GMR Airports Ltd. | Construction | -0.01% | ₹-0.17 Cr | 0.00% | -0.44% | -0.40% |
| Hindustan Aeronautics Ltd. | Capital Goods | -0.01% | ₹-0.18 Cr | -0.01% | -1.14% | -1.22% |
| Bandhan Bank Ltd. | Financial | -0.01% | ₹-0.36 Cr | -0.03% | -1.66% | -1.22% |
| Eicher Motors Ltd. | Automobile | -0.01% | ₹-0.37 Cr | -0.02% | -1.44% | -1.07% |
| Titan Company Ltd. | Consumer Discretionary | -0.02% | ₹-0.60 Cr | -0.03% | -2.98% | -1.01% |
| Hindalco Industries Ltd. | Metals & Mining | -0.02% | ₹-0.65 Cr | -0.04% | -2.66% | -1.45% |
| Reliance Industries Ltd. | Energy | -0.06% | ₹-1.94 Cr | -0.04% | -6.00% | -5.64% |
| Vodafone Idea Ltd. | Communication | -0.06% | ₹-2.12 Cr | -0.05% | -3.08% | -1.94% |
| Bharti Airtel Ltd. | Communication | -0.07% | ₹-2.25 Cr | -0.03% | -3.60% | -2.95% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| 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% |
| Others | 37.36% | 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:11523 | 0.72% | 0.00% | -0.72% |
| Canara Bank | 1.39% | 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 India | 0.00% | 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:16416 | 0.28% | 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% |
| GOI | 2.61% | 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 50 | 0.09% | 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 Bank | 0.75% | 0.78% | +0.03% |
| National Bank For Financing Infrastructure And Development | 0.72% | 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. Shares | 0.00% | 0.00% | 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 | ₹3,230 Cr | 2.25% | 4.5% | 7.0% | 8.8% |
| ₹10,684 Cr | 2.12% | 2.8% | 6.0% | 8.3% | |
| ₹2,041 Cr | 1.73% | 3.0% | 6.3% | 8.2% | |
| ₹1,660 Cr | 2.15% | 7.6% | 8.5% | 9.4% | |
| ₹1,475 Cr | 2.46% | 7.4% | 9.1% | 10.8% | |
| ₹289 Cr | 2.81% | 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
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 months1.38% absolute | ₹60,000 | ₹60,828 | 1.38% | |
| 1 year1.35% annualised | ₹1,20,000 | ₹1,20,881 | 0.73% | |
| 3 years7.52% annualised | ₹3,60,000 | ₹4,04,957 | 12.49% | |
| 5 years6.41% annualised | ₹6,00,000 | ₹7,08,868 | 18.14% |
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.