DSP Focused Fund
- NAV as on 6 Nov 2026
- ₹56.64+1.47%1 day
- Return since launch
- 11.0%
- 52-week range
- ₹48.10 — ₹56.93
- AUM
- ₹2,503 Cr
DSP Focused Fund is a Focused equity fund from DSP Mutual Fund with ₹2,503 Cr under management, launched in 2010. Over three years it has returned 7.0% a year, against 12.5% for its category. The expense ratio is 2.11% and the SEBI riskometer reading is Very High.
Performance
DSP Focused Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +3.1% 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 | 9.3% | +5.8 pts | 3.5% | 8.9% |
| 2Y | 6.3% | −0.5 pts | 6.8% | 6.1% |
| 3Y | 7.0% | −5.4 pts | 12.5% | 6.2% |
| 5Y | 11.6% | +2.2 pts | 9.4% | 9.9% |
| 7Y | 12.8% | −0.1 pts | 12.9% | 12.3% |
| 10Y | 12.2% | −0.7 pts | 12.9% | 12.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 7.2% | +2.1 pts | 5.1% | 6.3% |
| 3M | 0.7% | +0.9 pts | -0.3% | -0.1% |
| 6M | 5.7% | +1.1 pts | 4.7% | 6.3% |
| 1Y | 3.1% | −0.4 pts | 3.5% | 2.4% |
| 2Y | 2.8% | −0.2 pts | 2.9% | 3.0% |
| 3Y | 13.2% | +0.8 pts | 12.5% | 11.5% |
| 5Y | 9.8% | +0.4 pts | 9.4% | 8.6% |
| 7Y | 12.3% | −1.5 pts | 13.8% | 13.3% |
| 10Y | 11.5% | −1.4 pts | 12.9% | 11.9% |
Since launch (23 Apr 2010): 11.0%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.3% | +1.3 pts | 6.0% |
| 2024 | 18.4% | −2.5 pts | 20.9% |
| 2023 | 34.2% | +6.5 pts | 27.7% |
| 2022 | -4.5% | −6.8 pts | 2.4% |
| 2021 | 22.3% | −10.9 pts | 33.2% |
| 2020 | 9.0% | −8.6 pts | 17.5% |
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
2.10%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.69%
- Brokerage
- 0.03%
- Transaction charges
- 0.00%
- Statutory levies
- 0.38%
- Exit load
- Exit load of 1%, if redeemed within 1 month.
- 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.
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 | 1.83 | 5.18 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.96 | 0.92 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.43 | 0.63 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.60 | 0.87 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.77 | 15.56 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
DSP Focused Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity88.6%
- Other11.4%
Market cap split
- Large61.4%
- Mid22.9%
- Small15.7%
- P/E
- 21.34
- P/B
- 3.16
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 11.44% | ₹286 Cr | +0.20% | +1.74% | +1.56% |
| ICICI Bank Ltd. | Financial | 9.46% | ₹237 Cr | +9.47% | +9.02% | +6.02% |
| HDFC Bank Ltd. | Financial | 8.87% | ₹222 Cr | +9.62% | +7.08% | +5.01% |
| Axis Bank Ltd. | Financial | 5.05% | ₹126 Cr | +5.33% | +5.22% | +4.30% |
| Bharti Airtel Ltd. | Communication | 3.90% | ₹97.68 Cr | +3.96% | +4.32% | +3.20% |
| SBI Life Insurance Company Ltd. | Insurance | 3.81% | ₹95.30 Cr | +3.81% | +4.35% | +2.78% |
| Mahindra & Mahindra Ltd. | Automobile | 3.78% | ₹94.69 Cr | — | — | — |
| The Phoenix Mills Ltd. | Construction | 3.75% | ₹93.85 Cr | +4.19% | +3.67% | +3.38% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 3.35% | ₹83.87 Cr | +3.89% | +3.82% | +4.06% |
| State Bank of India | Financial | 3.17% | ₹79.45 Cr | +3.27% | +3.53% | +3.33% |
| Coromandel International Ltd. | Chemicals | 3.01% | ₹75.31 Cr | +2.98% | +3.11% | +2.78% |
| Hero Motocorp Ltd. | Automobile | 2.74% | ₹68.49 Cr | +2.41% | +1.22% | +1.64% |
| Kirloskar Oil Engines Ltd. | Capital Goods | 2.73% | ₹68.34 Cr | +2.86% | +2.01% | +3.21% |
| Coforge Ltd. | Technology | 2.63% | ₹65.93 Cr | +3.10% | +3.42% | +4.49% |
| Bharat Petroleum Corporation Ltd. | Energy | 2.57% | ₹64.39 Cr | +2.48% | +2.60% | +3.81% |
| Samvardhana Motherson International Ltd. | Automobile | 2.54% | ₹63.61 Cr | +3.23% | +2.79% | +2.53% |
| Prudent Corporate Advisory Services Ltd. | Financial | 2.38% | ₹59.65 Cr | +2.34% | +1.96% | +1.47% |
| Tech Mahindra Ltd. | Technology | 2.27% | ₹56.72 Cr | +2.01% | +2.24% | +2.03% |
| Infosys Ltd. | Technology | 2.25% | ₹56.27 Cr | +2.18% | +3.08% | +3.27% |
| Bajaj Finance Ltd. | Financial | 2.24% | ₹56.14 Cr | +2.83% | +3.59% | +8.62% |
| Multi Commodity Exchange Of India Ltd. | Services | 2.17% | ₹54.44 Cr | +1.80% | — | — |
| Mrs. Bectors Food Specialities Ltd. | Consumer Staples | 2.13% | ₹53.30 Cr | +1.78% | +2.01% | +2.00% |
| Oberoi Realty Ltd. | Construction | 2.12% | ₹53.01 Cr | — | — | — |
| Ipca Laboratories Ltd. | Healthcare | 1.97% | ₹49.37 Cr | +2.30% | +3.70% | +3.87% |
| Petronet LNG Ltd. | Energy | 1.88% | ₹47.10 Cr | +1.79% | +2.23% | — |
| Aditya Birla Sun Life AMC Ltd. | Financial | 1.74% | ₹43.55 Cr | +1.07% | — | — |
| Century Plyboards (India) Ltd. | Materials | 1.73% | ₹43.21 Cr | +1.79% | +2.78% | +2.93% |
| PG Electroplast Ltd. | Capital Goods | 1.72% | ₹42.99 Cr | +1.79% | +1.88% | +1.63% |
| Syngene International Ltd. | Healthcare | 1.44% | ₹36.06 Cr | +1.67% | +1.68% | +2.39% |
| Polycab India Ltd. | Capital Goods | 1.16% | ₹28.94 Cr | +3.17% | +3.05% | +2.90% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Oberoi Realty Ltd. | 0.00% | 2.12% | +2.12% |
| Polycab India Ltd. | 2.93% | 1.16% | -1.77% |
| HDFC Bank Ltd. | 8.32% | 8.87% | +0.55% |
| Coforge Ltd. | 3.13% | 2.63% | -0.50% |
| Kirloskar Oil Engines Ltd. | 2.33% | 2.73% | +0.40% |
| The Phoenix Mills Ltd. | 3.45% | 3.75% | +0.30% |
| ICICI Bank Ltd. | 9.75% | 9.46% | -0.29% |
| Cholamandalam Investment and Finance Company Ltd. | 3.60% | 3.35% | -0.25% |
| Prudent Corporate Advisory Services Ltd. | 2.62% | 2.38% | -0.24% |
| Others | 0.15% | -0.02% | -0.17% |
| PG Electroplast Ltd. | 1.89% | 1.72% | -0.17% |
| Mahindra & Mahindra Ltd. | 3.94% | 3.78% | -0.16% |
| Infosys Ltd. | 2.40% | 2.25% | -0.15% |
| SBI Life Insurance Company Ltd. | 3.66% | 3.81% | +0.15% |
| Bharti Airtel Ltd. | 3.77% | 3.90% | +0.13% |
| State Bank of India | 3.29% | 3.17% | -0.12% |
| Aditya Birla Sun Life AMC Ltd. | 1.64% | 1.74% | +0.10% |
| Ipca Laboratories Ltd. | 1.89% | 1.97% | +0.08% |
| Bajaj Finance Ltd. | 2.32% | 2.24% | -0.08% |
| Hero Motocorp Ltd. | 2.67% | 2.74% | +0.07% |
| Multi Commodity Exchange Of India Ltd. | 2.10% | 2.17% | +0.07% |
| Mrs. Bectors Food Specialities Ltd. | 2.19% | 2.13% | -0.06% |
| Coromandel International Ltd. | 2.95% | 3.01% | +0.06% |
| Samvardhana Motherson International Ltd. | 2.49% | 2.54% | +0.05% |
| Syngene International Ltd. | 1.48% | 1.44% | -0.04% |
| Axis Bank Ltd. | 5.02% | 5.05% | +0.03% |
| Century Plyboards (India) Ltd. | 1.76% | 1.73% | -0.03% |
| Petronet LNG Ltd. | 1.86% | 1.88% | +0.02% |
| Bharat Petroleum Corporation Ltd. | 2.58% | 2.57% | -0.01% |
| Tech Mahindra Ltd. | 2.27% | 2.27% | 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 | ₹20,495 Cr | 1.91% | 13.9% | 10.4% | 14.6% |
 SBI Focused Fund | ₹50,180 Cr | 1.55% | 14.8% | 13.3% | 14.2% |
 HDFC Focused Fund | ₹26,553 Cr | 1.71% | 9.8% | 8.8% | 14.6% |
 ICICI Prudential Focused Fund | ₹17,168 Cr | 2.10% | 8.5% | 9.6% | 14.8% |
 Invesco India Focused Fund | ₹6,486 Cr | 1.92% | 28.2% | 12.7% | 17.3% |
 Bandhan Focused Fund | ₹2,087 Cr | 2.29% | 8.2% | 7.6% | 11.9% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme portfolio will largely consist of companies, which are amongst the top 200 companies by market capitalisation. The portfolio will limit exposure to companies beyond the top 200 companies by market capitalization upto 20% of the net asset value. The scheme will also have at least 95% of the invested amount across the top 25 holdings in the portfolio which excludes debt & money market securities.
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 months5.73% absolute | ₹60,000 | ₹63,438 | 5.73% | |
| 1 year3.10% annualised | ₹1,20,000 | ₹1,22,034 | 1.70% | |
| 3 years13.24% annualised | ₹3,60,000 | ₹4,43,896 | 23.30% | |
| 5 years9.77% annualised | ₹6,00,000 | ₹7,75,948 | 29.32% |
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.