DSP Flexi Cap Fund
Flexi CapVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹100.44-1.56%1 day
- Return since launch
- 12.8%
- 52-week range
- ₹90.40 — ₹106.05
- AUM
- ₹12,500 Cr
DSP Flexi Cap Fund is a Flexi Cap equity fund from DSP Mutual Fund with ₹12,500 Cr under management, launched in 2007. Over three years it has returned 3.3% a year, against 11.4% for its category. The expense ratio is 1.87% and the SEBI riskometer reading is Very High.
Performance
DSP Flexi Cap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -2.3% against -1.8% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -3.0% | −4.1 pts | 1.1% | -0.7% |
| 2Y | -0.4% | −3.4 pts | 3.0% | 0.7% |
| 3Y | 3.3% | −8.1 pts | 11.4% | 3.6% |
| 5Y | 9.1% | −0.7 pts | 9.8% | 9.0% |
| 7Y | 12.1% | −1.2 pts | 13.3% | 11.8% |
| 10Y | 12.6% | −0.2 pts | 12.8% | 11.5% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -4.3% | −0.8 pts | -3.5% | -3.6% |
| 3M | -2.5% | −2.9 pts | 0.3% | -0.1% |
| 6M | 6.3% | −3.5 pts | 9.8% | 8.7% |
| 1Y | -2.3% | −3.4 pts | 1.1% | -1.8% |
| 2Y | -3.5% | −1.9 pts | -1.6% | -3.2% |
| 3Y | 9.6% | −1.8 pts | 11.4% | 10.0% |
| 5Y | 8.0% | −1.8 pts | 9.8% | 8.7% |
| 7Y | 13.6% | −0.9 pts | 14.5% | 12.6% |
| 10Y | 12.5% | −0.3 pts | 12.8% | 10.9% |
Since launch (7 Jun 2007): 12.8%
Calendar-year returns
Category average18.7%
32.4%
-4.5%
32.2%
18.0%
4.6%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 4.6% | +0.3 pts | 4.2% |
| 2024 | 18.0% | −3.8 pts | 21.8% |
| 2023 | 32.2% | +2.5 pts | 29.7% |
| 2022 | -4.5% | −6.2 pts | 1.7% |
| 2021 | 32.4% | −2.0 pts | 34.4% |
| 2020 | 18.7% | −0.3 pts | 19.0% |
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
1.87%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.47%
- Brokerage
- 0.04%
- Transaction charges
- 0.00%
- Statutory levies
- 0.36%
- Exit load
- Exit load of 1% if redeemed less than 12 months
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY 500 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.
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 | -0.19 | 5.64 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.98 | 1.04 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.43 | 0.74 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.56 | 0.98 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.25 | 17.32 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
DSP Flexi Cap Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity95.3%
- Other4.7%
Market cap split
- Large64.3%
- Mid23.5%
- Small12.2%
- P/E
- 23.61
- P/B
- 3.43
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 9.57% | ₹1,196 Cr | +8.20% | +8.73% | +6.24% |
| HDFC Bank Ltd. | Financial | 8.03% | ₹1,003 Cr | +7.58% | +5.25% | +5.23% |
| Axis Bank Ltd. | Financial | 4.87% | ₹609 Cr | +5.11% | +5.33% | +3.96% |
| Others | Others | 4.70% | ₹590 Cr | -1.10% | -0.76% | +0.28% |
| Mahindra & Mahindra Ltd. | Automobile | 4.28% | ₹535 Cr | +3.23% | +1.80% | +1.50% |
| State Bank of India | Financial | 3.56% | ₹445 Cr | +3.43% | +4.66% | +3.36% |
| Bharti Airtel Ltd. | Communication | 2.75% | ₹344 Cr | +2.94% | +2.93% | +1.86% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 2.50% | ₹313 Cr | +3.07% | +3.35% | +2.34% |
| Coforge Ltd. | Technology | 2.41% | ₹301 Cr | +2.55% | +2.06% | +3.10% |
| Bajaj Finance Ltd. | Financial | 2.28% | ₹285 Cr | +2.61% | +4.97% | +7.32% |
| Cipla Ltd. | Healthcare | 2.26% | ₹282 Cr | +2.24% | +1.57% | +2.58% |
| Bharat Petroleum Corporation Ltd. | Energy | 2.18% | ₹273 Cr | +2.04% | +2.18% | +1.95% |
| SBI Life Insurance Company Ltd. | Insurance | 2.14% | ₹268 Cr | +1.23% | +1.00% | — |
| Max Financial Services Ltd. | Financial | 2.11% | ₹263 Cr | +2.09% | +2.19% | +2.16% |
| Samvardhana Motherson International Ltd. | Automobile | 1.96% | ₹245 Cr | +2.23% | +2.96% | +2.35% |
| Eternal Ltd. | Services | 1.93% | ₹241 Cr | +1.36% | +1.30% | — |
| Radico Khaitan Ltd. | Consumer Staples | 1.80% | ₹225 Cr | +1.87% | +1.91% | +2.39% |
| UNO Minda Ltd. | Automobile | 1.80% | ₹226 Cr | +1.65% | +1.73% | +1.99% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 1.79% | ₹224 Cr | +1.90% | +2.11% | +2.10% |
| Prudent Corporate Advisory Services Ltd. | Financial | 1.76% | ₹220 Cr | +1.56% | +1.31% | +1.51% |
| Kirloskar Oil Engines Ltd. | Capital Goods | 1.62% | ₹203 Cr | +1.98% | +1.38% | +1.34% |
| Hero Motocorp Ltd. | Automobile | 1.61% | ₹201 Cr | +1.23% | — | — |
| Infosys Ltd. | Technology | 1.60% | ₹200 Cr | +1.73% | +1.88% | +2.28% |
| Alkem Laboratories Ltd. | Healthcare | 1.53% | ₹191 Cr | +1.67% | +1.66% | +2.00% |
| company:7925 | Technology | 1.50% | ₹187 Cr | — | — | — |
| APL Apollo Tubes Ltd. | Metals & Mining | 1.39% | ₹174 Cr | +1.21% | +1.95% | +1.37% |
| Coromandel International Ltd. | Chemicals | 1.38% | ₹172 Cr | +0.99% | +0.52% | — |
| Indus Towers Ltd. | Communication | 1.32% | ₹165 Cr | +1.59% | +1.58% | +1.49% |
| Multi Commodity Exchange Of India Ltd. | Services | 1.30% | ₹163 Cr | +0.99% | — | — |
| Avenue Supermarts Ltd. | Services | 1.26% | ₹158 Cr | +1.39% | +1.28% | +2.16% |
| Maruti Suzuki India Ltd. | Automobile | 1.19% | ₹148 Cr | — | — | — |
| HCL Technologies Ltd. | Technology | 1.15% | ₹144 Cr | +1.10% | +1.97% | +1.65% |
| Century Plyboards (India) Ltd. | Materials | 1.08% | ₹135 Cr | +1.17% | +1.67% | +1.77% |
| Rainbow Children's Medicare Ltd. | Healthcare | 1.08% | ₹135 Cr | +1.12% | +0.93% | +1.23% |
| Polycab India Ltd. | Capital Goods | 1.01% | ₹127 Cr | +1.67% | +1.95% | +1.67% |
| company:15362 | Financial | 0.99% | ₹123 Cr | — | — | — |
| Emami Ltd. | Consumer Staples | 0.96% | ₹119 Cr | +0.30% | +0.34% | +0.43% |
| Petronet LNG Ltd. | Energy | 0.87% | ₹109 Cr | +0.83% | +1.23% | — |
| Oil India Ltd. | Energy | 0.85% | ₹106 Cr | +0.88% | +1.07% | +0.90% |
| Aditya Birla Sun Life AMC Ltd. | Financial | 0.73% | ₹91.45 Cr | — | — | — |
| Cohance Lifesciences Ltd. | Healthcare | 0.72% | ₹89.98 Cr | +0.90% | +0.63% | +1.38% |
| Syngene International Ltd. | Healthcare | 0.70% | ₹87.46 Cr | +0.82% | +0.76% | +1.17% |
| Tube Investments Of India Ltd. | Automobile | 0.66% | ₹82.74 Cr | +0.79% | +0.32% | — |
| The Phoenix Mills Ltd. | Construction | 0.65% | ₹81.83 Cr | +0.15% | +0.10% | +0.09% |
| Dixon Technologies (India) Ltd. | Capital Goods | 0.63% | ₹79.24 Cr | +0.52% | +0.46% | — |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 0.63% | ₹78.77 Cr | +0.76% | +0.79% | +1.00% |
| KEC International Ltd. | Capital Goods | 0.59% | ₹74.14 Cr | +0.98% | +1.12% | +1.60% |
| Indigo Paints Ltd. | Materials | 0.55% | ₹68.23 Cr | +0.50% | +0.46% | +0.56% |
| Schaeffler India Ltd. | Capital Goods | 0.55% | ₹68.23 Cr | +0.59% | +0.61% | +0.56% |
| Canara HSBC Life Insurance Company Ltd. | Insurance | 0.54% | ₹67.74 Cr | — | — | — |
| JK Cement Ltd. | Materials | 0.52% | ₹64.96 Cr | +0.55% | +0.59% | +0.75% |
| Havells India Ltd. | Capital Goods | 0.48% | ₹60.12 Cr | +0.48% | +0.55% | +0.63% |
| PG Electroplast Ltd. | Capital Goods | 0.45% | ₹55.65 Cr | +0.44% | +0.55% | +0.49% |
| Atul Ltd. | Chemicals | 0.43% | ₹53.98 Cr | +0.49% | +0.46% | +0.45% |
| Ipca Laboratories Ltd. | Healthcare | 0.43% | ₹53.49 Cr | +1.13% | +1.19% | +1.56% |
| ICICI Prudential Asset Management Company Ltd. | Unclassified | 0.41% | ₹51.01 Cr | +0.50% | +0.43% | — |
| Niva Bupa Health Insurance Company Ltd. | Insurance | 0.41% | ₹51.27 Cr | +0.45% | +0.78% | +0.89% |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.34% | ₹42.88 Cr | +0.39% | — | — |
| Hindustan Unilever Ltd. | Consumer Staples | 0.32% | ₹40.24 Cr | +0.37% | +0.39% | +1.73% |
| Power Finance Corporation Ltd. | Financial | 0.26% | ₹32.15 Cr | +1.54% | +1.44% | +1.38% |
| AU Small Finance Bank Ltd. | Financial | 0.23% | ₹28.74 Cr | +0.22% | +1.23% | +1.43% |
| Bajaj Finserv Ltd. | Financial | 0.16% | ₹19.70 Cr | +0.15% | +0.16% | +0.96% |
| REC Ltd. | Financial | 0.11% | ₹13.77 Cr | +0.12% | +0.76% | +0.79% |
| SRF Ltd. | Chemicals | 0.06% | ₹7.18 Cr | +0.02% | — | — |
| PI Industries Ltd. | Chemicals | 0.04% | ₹5.44 Cr | +0.05% | +0.06% | +0.07% |
| LG Electronics India Ltd. | Consumer Discretionary | 0.02% | ₹2.54 Cr | +0.02% | +0.02% | — |
| AIA Engineering Ltd. | Metals & Mining | 0.01% | ₹1.82 Cr | +0.02% | +0.01% | +0.01% |
| Magnasound India Ltd | Services | 0.00% | ₹0.00 Cr | 0.00% | 0.00% | 0.00% |
| SIP Technologies & Exports Ltd. | Technology | 0.00% | ₹0.00 Cr | 0.00% | 0.00% | 0.00% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:7925 | 0.00% | 1.50% | +1.50% |
| Power Finance Corporation Ltd. | 1.44% | 0.26% | -1.18% |
| Tata Consultancy Services Ltd. | 1.01% | 0.00% | -1.01% |
| company:15362 | 0.00% | 0.99% | +0.99% |
| Bajaj Finance Ltd. | 3.00% | 2.28% | -0.72% |
| HDFC Bank Ltd. | 8.51% | 8.03% | -0.48% |
| Emami Ltd. | 0.66% | 0.96% | +0.30% |
| Multi Commodity Exchange Of India Ltd. | 1.04% | 1.30% | +0.26% |
| APL Apollo Tubes Ltd. | 1.14% | 1.39% | +0.25% |
| Bharti Airtel Ltd. | 3.00% | 2.75% | -0.25% |
| Others | 0.13% | -0.12% | -0.25% |
| Axis Bank Ltd. | 4.63% | 4.87% | +0.24% |
| Samvardhana Motherson International Ltd. | 1.74% | 1.96% | +0.22% |
| SBI Life Insurance Company Ltd. | 2.33% | 2.14% | -0.19% |
| Prudent Corporate Advisory Services Ltd. | 1.58% | 1.76% | +0.18% |
| Radico Khaitan Ltd. | 1.98% | 1.80% | -0.18% |
| Aditya Birla Sun Life AMC Ltd. | 0.56% | 0.73% | +0.17% |
| Mahindra & Mahindra Ltd. | 4.45% | 4.28% | -0.17% |
| Eternal Ltd. | 1.79% | 1.93% | +0.14% |
| Maruti Suzuki India Ltd. | 1.05% | 1.19% | +0.14% |
| UNO Minda Ltd. | 1.68% | 1.80% | +0.12% |
| Cohance Lifesciences Ltd. | 0.84% | 0.72% | -0.12% |
| Alkem Laboratories Ltd. | 1.65% | 1.53% | -0.12% |
| CG Power and Industrial Solutions Ltd. | 1.69% | 1.79% | +0.10% |
| Cholamandalam Investment and Finance Company Ltd. | 2.60% | 2.50% | -0.10% |
| State Bank of India | 3.46% | 3.56% | +0.10% |
| Max Financial Services Ltd. | 2.02% | 2.11% | +0.09% |
| Rainbow Children's Medicare Ltd. | 1.17% | 1.08% | -0.09% |
| ICICI Bank Ltd. | 9.49% | 9.57% | +0.08% |
| KEC International Ltd. | 0.67% | 0.59% | -0.08% |
| Kirloskar Oil Engines Ltd. | 1.70% | 1.62% | -0.08% |
| Century Plyboards (India) Ltd. | 1.15% | 1.08% | -0.07% |
| Petronet LNG Ltd. | 0.81% | 0.87% | +0.06% |
| HCL Technologies Ltd. | 1.19% | 1.15% | -0.04% |
| GAIL (India) Ltd. | 0.04% | 0.00% | -0.04% |
| Oil India Ltd. | 0.81% | 0.85% | +0.04% |
| Coromandel International Ltd. | 1.34% | 1.38% | +0.04% |
| Coforge Ltd. | 2.38% | 2.41% | +0.03% |
| Atul Ltd. | 0.46% | 0.43% | -0.03% |
| Canara HSBC Life Insurance Company Ltd. | 0.51% | 0.54% | +0.03% |
| Dixon Technologies (India) Ltd. | 0.60% | 0.63% | +0.03% |
| ICICI Lombard General Insurance Company Ltd. | 0.66% | 0.63% | -0.03% |
| JK Cement Ltd. | 0.55% | 0.52% | -0.03% |
| Niva Bupa Health Insurance Company Ltd. | 0.44% | 0.41% | -0.03% |
| Polycab India Ltd. | 0.98% | 1.01% | +0.03% |
| Hindustan Petroleum Corporation Ltd. | 0.37% | 0.34% | -0.03% |
| Hindustan Unilever Ltd. | 0.35% | 0.32% | -0.03% |
| Cipla Ltd. | 2.28% | 2.26% | -0.02% |
| Indigo Paints Ltd. | 0.53% | 0.55% | +0.02% |
| Ipca Laboratories Ltd. | 0.41% | 0.43% | +0.02% |
| REC Ltd. | 0.13% | 0.11% | -0.02% |
| PG Electroplast Ltd. | 0.47% | 0.45% | -0.02% |
| Syngene International Ltd. | 0.68% | 0.70% | +0.02% |
| Bharat Petroleum Corporation Ltd. | 2.17% | 2.18% | +0.01% |
| AU Small Finance Bank Ltd. | 0.22% | 0.23% | +0.01% |
| Avenue Supermarts Ltd. | 1.27% | 1.26% | -0.01% |
| Havells India Ltd. | 0.49% | 0.48% | -0.01% |
| Hero Motocorp Ltd. | 1.60% | 1.61% | +0.01% |
| ICICI Prudential Asset Management Company Ltd. | 0.42% | 0.41% | -0.01% |
| Indus Towers Ltd. | 1.33% | 1.32% | -0.01% |
| Schaeffler India Ltd. | 0.56% | 0.55% | -0.01% |
| The Phoenix Mills Ltd. | 0.66% | 0.65% | -0.01% |
| PI Industries Ltd. | 0.05% | 0.04% | -0.01% |
| AIA Engineering Ltd. | 0.02% | 0.01% | -0.01% |
| Bajaj Finserv Ltd. | 0.16% | 0.16% | 0.00% |
| Infosys Ltd. | 1.60% | 1.60% | 0.00% |
| LG Electronics India Ltd. | 0.02% | 0.02% | 0.00% |
| Magnasound India Ltd | 0.00% | 0.00% | 0.00% |
| SIP Technologies & Exports Ltd. | 0.00% | 0.00% | 0.00% |
| SRF Ltd. | 0.06% | 0.06% | 0.00% |
| Tube Investments Of India Ltd. | 0.66% | 0.66% | 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 | ₹5,332 Cr | 2.22% | 12.3% | 9.9% | 15.5% |
 Motilal Oswal Flexi Cap Fund | ₹14,160 Cr | 2.05% | 12.8% | 9.6% | 14.9% |
 Invesco India Flexi Cap Fund | ₹5,709 Cr | 2.07% | 5.4% | 8.0% | — |
 Bank of India Flexi Cap Fund | ₹2,953 Cr | 2.25% | 13.1% | 10.6% | 16.0% |
 360 ONE FlexiCap Fund | ₹2,250 Cr | 2.38% | 14.6% | 10.1% | — |
 ITI Flexi Cap Fund | ₹1,588 Cr | 2.34% | 15.8% | 11.6% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate long-term capital appreciation, from a portfolio which is substantially constituted of equity and equity related securities and may also invest a certain portion of its corpus in debt and money market securities, in order to meet liquidity requirements from time to time. In Picking out individual investment opportunities for the portfolio, the investment manager will seek both value & growth.
Fund managers
- Bhavin GandhiMr. Gandhi has done CFA and CAPrior to joining DSP Mutual Fund, he has worked with CRISIL and Batlivala and Karani Securities.
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 months6.29% absolute | ₹60,000 | ₹63,774 | 6.29% | |
| 1 year−2.33% annualised | ₹1,20,000 | ₹1,18,496 | −1.25% | |
| 3 years9.64% annualised | ₹3,60,000 | ₹4,18,878 | 16.35% | |
| 5 years8.01% annualised | ₹6,00,000 | ₹7,39,866 | 23.31% |
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 Flexi Cap Fund?
The NAV of DSP Flexi Cap Fund is ₹100.44 as on 24 Sep 2026.
What is the expense ratio of DSP Flexi Cap Fund?
The expense ratio of DSP Flexi Cap Fund is 1.87% per year.
What is the minimum SIP amount for DSP Flexi Cap Fund?
You can start a SIP in DSP Flexi Cap Fund with ₹3,000 a month.
What returns has DSP Flexi Cap Fund given?
DSP Flexi Cap Fund has returned -3.0% over 1 year, 3.3% over 3 years and 9.1% over 5 years (annualised).
Is there a lock-in or exit load on DSP Flexi Cap Fund?
Lock-in: None. Exit load: Exit load of 1% if redeemed less than 12 months.
How risky is DSP Flexi Cap Fund?
DSP Flexi Cap Fund is rated Very High on the SEBI riskometer and belongs to the Flexi Cap category.
Which fund house manages DSP Flexi Cap Fund?
DSP Flexi Cap Fund is managed by DSP Mutual Fund, which runs 60 schemes with ₹2,33,296 Cr under management.