DSP Flexi Cap Fund
Flexi CapVery HighOPEN-ENDED
- NAV as on 6 Nov 2026
- ₹104.57+1.35%1 day
- Return since launch
- 12.9%
- 52-week range
- ₹90.40 — ₹106.05
- AUM
- ₹11,720 Cr
DSP Flexi Cap Fund is a Flexi Cap equity fund from DSP Mutual Fund with ₹11,720 Cr under management, launched in 2007. Over three years it has returned 5.3% a year, against 12.4% 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 +0.6% against -0.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.2% | +3.8 pts | 2.4% | 5.7% |
| 2Y | 4.2% | −2.0 pts | 6.2% | 3.8% |
| 3Y | 5.3% | −7.1 pts | 12.4% | 4.6% |
| 5Y | 10.1% | +0.3 pts | 9.8% | 9.3% |
| 7Y | 12.4% | −0.9 pts | 13.3% | 11.8% |
| 10Y | 12.9% | −0.4 pts | 13.3% | 11.6% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 6.4% | +2.3 pts | 4.1% | 5.3% |
| 3M | -0.9% | −0.1 pts | -0.9% | -1.2% |
| 6M | 3.4% | −0.4 pts | 3.8% | 4.8% |
| 1Y | 0.6% | −1.8 pts | 2.4% | -0.9% |
| 2Y | 0.8% | −1.7 pts | 2.5% | 1.3% |
| 3Y | 11.7% | −0.7 pts | 12.4% | 10.8% |
| 5Y | 8.5% | −1.3 pts | 9.8% | 8.6% |
| 7Y | 13.7% | −0.8 pts | 14.5% | 12.5% |
| 10Y | 13.1% | −0.2 pts | 13.3% | 11.5% |
Since launch (7 Jun 2007): 12.9%
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
1.86%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.47%
- Brokerage
- 0.04%
- Transaction charges
- 0.00%
- Statutory levies
- 0.35%
- 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 | -0.34 | 5.44 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.98 | 1.01 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.30 | 0.62 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.40 | 0.84 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.65 | 17.12 | 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 30 Sep 2026
Asset allocation
- Equity96.7%
- Other3.3%
Market cap split
- Large62.7%
- Mid25.1%
- Small12.2%
- P/E
- 22.65
- P/B
- 3.28
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 9.28% | ₹1,087 Cr | +9.24% | +8.65% | +5.90% |
| HDFC Bank Ltd. | Financial | 8.56% | ₹1,003 Cr | +9.23% | +6.63% | +5.12% |
| Axis Bank Ltd. | Financial | 4.90% | ₹574 Cr | +5.15% | +5.07% | +4.21% |
| Mahindra & Mahindra Ltd. | Automobile | 4.10% | ₹481 Cr | +3.14% | +1.78% | +1.86% |
| State Bank of India | Financial | 3.43% | ₹403 Cr | +3.52% | +3.83% | +3.59% |
| Others | Others | 3.29% | ₹387 Cr | +0.40% | -0.26% | -0.26% |
| Bharti Airtel Ltd. | Communication | 2.84% | ₹333 Cr | +2.87% | +3.15% | +1.81% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 2.33% | ₹273 Cr | +3.03% | +2.98% | +2.61% |
| Cipla Ltd. | Healthcare | 2.30% | ₹270 Cr | +2.26% | +1.62% | +2.39% |
| SBI Life Insurance Company Ltd. | Insurance | 2.23% | ₹261 Cr | +1.49% | +0.99% | — |
| Bajaj Finance Ltd. | Financial | 2.21% | ₹259 Cr | +2.78% | +3.58% | +8.17% |
| Bharat Petroleum Corporation Ltd. | Energy | 2.18% | ₹256 Cr | +2.09% | +1.80% | +2.11% |
| Max Financial Services Ltd. | Financial | 2.04% | ₹239 Cr | +1.90% | +2.04% | +2.09% |
| Coforge Ltd. | Technology | 2.01% | ₹236 Cr | +2.15% | +2.20% | +2.81% |
| Samvardhana Motherson International Ltd. | Automobile | 2.00% | ₹234 Cr | +1.94% | +2.64% | +2.62% |
| Eternal Ltd. | Services | 1.97% | ₹231 Cr | +1.59% | +1.37% | — |
| Kirloskar Oil Engines Ltd. | Capital Goods | 1.90% | ₹223 Cr | +2.03% | +1.50% | +1.35% |
| Radico Khaitan Ltd. | Consumer Staples | 1.81% | ₹212 Cr | +2.02% | +2.15% | +2.38% |
| UNO Minda Ltd. | Automobile | 1.77% | ₹207 Cr | +1.57% | +1.70% | +1.98% |
| Hero Motocorp Ltd. | Automobile | 1.65% | ₹193 Cr | +1.44% | — | — |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 1.63% | ₹191 Cr | +1.90% | +2.16% | +2.20% |
| Prudent Corporate Advisory Services Ltd. | Financial | 1.60% | ₹187 Cr | +1.61% | +1.38% | +1.46% |
| Alkem Laboratories Ltd. | Healthcare | 1.58% | ₹185 Cr | +1.63% | +1.77% | +2.01% |
| Oberoi Realty Ltd. | Construction | 1.57% | ₹184 Cr | — | — | — |
| Infosys Ltd. | Technology | 1.49% | ₹175 Cr | +1.44% | +2.05% | +2.19% |
| Tech Mahindra Ltd. | Technology | 1.49% | ₹175 Cr | — | — | — |
| Coromandel International Ltd. | Chemicals | 1.47% | ₹172 Cr | +1.27% | +1.07% | — |
| APL Apollo Tubes Ltd. | Metals & Mining | 1.46% | ₹171 Cr | +1.14% | +1.91% | +1.41% |
| Indus Towers Ltd. | Communication | 1.35% | ₹158 Cr | +1.36% | +1.65% | +1.48% |
| Multi Commodity Exchange Of India Ltd. | Services | 1.35% | ₹158 Cr | +1.11% | — | — |
| Avenue Supermarts Ltd. | Services | 1.31% | ₹154 Cr | +1.45% | +1.49% | +2.00% |
| HCL Technologies Ltd. | Technology | 1.15% | ₹135 Cr | +0.96% | +2.16% | +1.54% |
| Maruti Suzuki India Ltd. | Automobile | 1.12% | ₹131 Cr | — | — | — |
| The Phoenix Mills Ltd. | Construction | 1.12% | ₹131 Cr | +0.69% | +0.14% | +0.10% |
| Century Plyboards (India) Ltd. | Materials | 1.06% | ₹125 Cr | +1.09% | +1.81% | +1.89% |
| Emami Ltd. | Consumer Staples | 1.06% | ₹124 Cr | +0.29% | +0.32% | +0.40% |
| Rainbow Children's Medicare Ltd. | Healthcare | 1.06% | ₹125 Cr | +1.10% | +1.04% | +1.09% |
| HDFC Asset Management Company Ltd. | Financial | 0.92% | ₹107 Cr | — | — | — |
| Polycab India Ltd. | Capital Goods | 0.92% | ₹107 Cr | +1.09% | +1.76% | +1.69% |
| Petronet LNG Ltd. | Energy | 0.88% | ₹103 Cr | +0.83% | +1.15% | — |
| Oil India Ltd. | Energy | 0.83% | ₹97.32 Cr | +0.75% | +0.97% | +0.93% |
| Aditya Birla Sun Life AMC Ltd. | Financial | 0.82% | ₹96.63 Cr | +0.64% | — | — |
| Cohance Lifesciences Ltd. | Healthcare | 0.75% | ₹87.62 Cr | +0.91% | +0.69% | +1.81% |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 0.68% | ₹79.93 Cr | +0.72% | +0.80% | +1.00% |
| Syngene International Ltd. | Healthcare | 0.68% | ₹79.72 Cr | +0.78% | +0.79% | +1.14% |
| Dixon Technologies (India) Ltd. | Capital Goods | 0.60% | ₹69.90 Cr | +0.52% | +0.48% | — |
| Tube Investments Of India Ltd. | Automobile | 0.60% | ₹70.69 Cr | +0.74% | +0.51% | — |
| KEC International Ltd. | Capital Goods | 0.57% | ₹67.15 Cr | +0.76% | +1.11% | +1.70% |
| Schaeffler India Ltd. | Capital Goods | 0.57% | ₹66.23 Cr | +0.58% | +0.61% | +0.60% |
| Canara HSBC Life Insurance Company Ltd. | Insurance | 0.55% | ₹64.43 Cr | — | — | — |
| Indigo Paints Ltd. | Materials | 0.55% | ₹64.57 Cr | +0.49% | +0.39% | +0.52% |
| JK Cement Ltd. | Materials | 0.55% | ₹64.24 Cr | +0.56% | +0.60% | +0.67% |
| ICICI Prudential Asset Management Company Ltd. | Financial | 0.45% | ₹52.20 Cr | +0.45% | +0.43% | — |
| Ipca Laboratories Ltd. | Healthcare | 0.45% | ₹52.20 Cr | +0.64% | +1.41% | +1.48% |
| Atul Ltd. | Chemicals | 0.43% | ₹49.96 Cr | +0.45% | +0.50% | +0.43% |
| Havells India Ltd. | Capital Goods | 0.42% | ₹49.10 Cr | +0.46% | +0.54% | +0.61% |
| Niva Bupa Health Insurance Company Ltd. | Insurance | 0.40% | ₹47.20 Cr | +0.44% | +0.41% | +0.87% |
| PG Electroplast Ltd. | Capital Goods | 0.40% | ₹47.26 Cr | +0.42% | +0.47% | +0.45% |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.35% | ₹41.07 Cr | +0.38% | — | — |
| Hindustan Unilever Ltd. | Consumer Staples | 0.33% | ₹38.44 Cr | +0.35% | +0.39% | +1.60% |
| AU Small Finance Bank Ltd. | Financial | 0.23% | ₹26.73 Cr | +0.22% | +1.23% | +1.43% |
| Bajaj Finserv Ltd. | Financial | 0.14% | ₹16.87 Cr | +0.14% | +0.15% | +0.99% |
| Bharat Forge Ltd. | Automobile | 0.12% | ₹14.46 Cr | — | — | — |
| SRF Ltd. | Chemicals | 0.06% | ₹6.93 Cr | +0.06% | — | — |
| PI Industries Ltd. | Chemicals | 0.05% | ₹5.30 Cr | +0.05% | +0.06% | +0.07% |
| LG Electronics India Ltd. | Consumer Discretionary | 0.02% | ₹2.58 Cr | +0.02% | +0.02% | — |
| AIA Engineering Ltd. | Metals & Mining | 0.01% | ₹1.66 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 |
|---|---|---|---|
| Oberoi Realty Ltd. | 0.00% | 1.57% | +1.57% |
| HDFC Bank Ltd. | 8.03% | 8.56% | +0.53% |
| The Phoenix Mills Ltd. | 0.65% | 1.12% | +0.47% |
| Coforge Ltd. | 2.41% | 2.01% | -0.40% |
| ICICI Bank Ltd. | 9.57% | 9.28% | -0.29% |
| Kirloskar Oil Engines Ltd. | 1.62% | 1.90% | +0.28% |
| Power Finance Corporation Ltd. | 0.26% | 0.00% | -0.26% |
| Mahindra & Mahindra Ltd. | 4.28% | 4.10% | -0.18% |
| Cholamandalam Investment and Finance Company Ltd. | 2.50% | 2.33% | -0.17% |
| CG Power and Industrial Solutions Ltd. | 1.79% | 1.63% | -0.16% |
| Prudent Corporate Advisory Services Ltd. | 1.76% | 1.60% | -0.16% |
| Others | -0.12% | 0.02% | +0.14% |
| State Bank of India | 3.56% | 3.43% | -0.13% |
| Bharat Forge Ltd. | 0.00% | 0.12% | +0.12% |
| Infosys Ltd. | 1.60% | 1.49% | -0.11% |
| REC Ltd. | 0.11% | 0.00% | -0.11% |
| Emami Ltd. | 0.96% | 1.06% | +0.10% |
| Coromandel International Ltd. | 1.38% | 1.47% | +0.09% |
| Aditya Birla Sun Life AMC Ltd. | 0.73% | 0.82% | +0.09% |
| Polycab India Ltd. | 1.01% | 0.92% | -0.09% |
| Bharti Airtel Ltd. | 2.75% | 2.84% | +0.09% |
| SBI Life Insurance Company Ltd. | 2.14% | 2.23% | +0.09% |
| APL Apollo Tubes Ltd. | 1.39% | 1.46% | +0.07% |
| HDFC Asset Management Company Ltd. | 0.99% | 0.92% | -0.07% |
| Bajaj Finance Ltd. | 2.28% | 2.21% | -0.07% |
| Maruti Suzuki India Ltd. | 1.19% | 1.12% | -0.07% |
| Max Financial Services Ltd. | 2.11% | 2.04% | -0.07% |
| Tube Investments Of India Ltd. | 0.66% | 0.60% | -0.06% |
| Havells India Ltd. | 0.48% | 0.42% | -0.06% |
| Alkem Laboratories Ltd. | 1.53% | 1.58% | +0.05% |
| Avenue Supermarts Ltd. | 1.26% | 1.31% | +0.05% |
| ICICI Lombard General Insurance Company Ltd. | 0.63% | 0.68% | +0.05% |
| Multi Commodity Exchange Of India Ltd. | 1.30% | 1.35% | +0.05% |
| PG Electroplast Ltd. | 0.45% | 0.40% | -0.05% |
| Cipla Ltd. | 2.26% | 2.30% | +0.04% |
| Eternal Ltd. | 1.93% | 1.97% | +0.04% |
| ICICI Prudential Asset Management Company Ltd. | 0.41% | 0.45% | +0.04% |
| Samvardhana Motherson International Ltd. | 1.96% | 2.00% | +0.04% |
| Hero Motocorp Ltd. | 1.61% | 1.65% | +0.04% |
| Axis Bank Ltd. | 4.87% | 4.90% | +0.03% |
| Cohance Lifesciences Ltd. | 0.72% | 0.75% | +0.03% |
| Dixon Technologies (India) Ltd. | 0.63% | 0.60% | -0.03% |
| Indus Towers Ltd. | 1.32% | 1.35% | +0.03% |
| JK Cement Ltd. | 0.52% | 0.55% | +0.03% |
| UNO Minda Ltd. | 1.80% | 1.77% | -0.03% |
| Century Plyboards (India) Ltd. | 1.08% | 1.06% | -0.02% |
| Ipca Laboratories Ltd. | 0.43% | 0.45% | +0.02% |
| KEC International Ltd. | 0.59% | 0.57% | -0.02% |
| Oil India Ltd. | 0.85% | 0.83% | -0.02% |
| Rainbow Children's Medicare Ltd. | 1.08% | 1.06% | -0.02% |
| Bajaj Finserv Ltd. | 0.16% | 0.14% | -0.02% |
| Schaeffler India Ltd. | 0.55% | 0.57% | +0.02% |
| Syngene International Ltd. | 0.70% | 0.68% | -0.02% |
| Canara HSBC Life Insurance Company Ltd. | 0.54% | 0.55% | +0.01% |
| Hindustan Unilever Ltd. | 0.32% | 0.33% | +0.01% |
| Petronet LNG Ltd. | 0.87% | 0.88% | +0.01% |
| Radico Khaitan Ltd. | 1.80% | 1.81% | +0.01% |
| Tech Mahindra Ltd. | 1.50% | 1.49% | -0.01% |
| PI Industries Ltd. | 0.04% | 0.05% | +0.01% |
| Hindustan Petroleum Corporation Ltd. | 0.34% | 0.35% | +0.01% |
| Niva Bupa Health Insurance Company Ltd. | 0.41% | 0.40% | -0.01% |
| AIA Engineering Ltd. | 0.01% | 0.01% | 0.00% |
| AU Small Finance Bank Ltd. | 0.23% | 0.23% | 0.00% |
| Atul Ltd. | 0.43% | 0.43% | 0.00% |
| Bharat Petroleum Corporation Ltd. | 2.18% | 2.18% | 0.00% |
| HCL Technologies Ltd. | 1.15% | 1.15% | 0.00% |
| Indigo Paints Ltd. | 0.55% | 0.55% | 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% |
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 | ₹26,433 Cr | 2.01% | 14.5% | 9.9% | 14.9% |
 HDFC Flexi Cap Fund | ₹1,08,547 Cr | 1.36% | 10.5% | 9.5% | 15.1% |
 Motilal Oswal Flexi Cap Fund | ₹13,446 Cr | 1.97% | 14.7% | 9.0% | 14.6% |
 Invesco India Flexi Cap Fund | ₹5,488 Cr | 2.08% | 15.4% | 9.7% | — |
 Bank of India Flexi Cap Fund | ₹3,098 Cr | 2.29% | 11.9% | 9.1% | 15.0% |
 ITI Flexi Cap Fund | ₹1,588 Cr | 2.33% | 20.0% | 12.2% | — |
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 months3.41% absolute | ₹60,000 | ₹62,046 | 3.41% | |
| 1 year0.63% annualised | ₹1,20,000 | ₹1,20,410 | 0.34% | |
| 3 years11.68% annualised | ₹3,60,000 | ₹4,32,835 | 20.23% | |
| 5 years8.46% annualised | ₹6,00,000 | ₹7,48,889 | 24.81% |
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 ₹104.57 as on 6 Nov 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 6.2% over 1 year, 5.3% over 3 years and 10.1% 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 ₹2,47,696 Cr under management.