DSP Large Cap Fund
Large CapVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹440.52+0.50%1 day
- Return since launch
- 17.7%
- 52-week range
- ₹423.20 — ₹489.58
- AUM
- ₹7,101 Cr
DSP Large Cap Fund is a Large Cap equity fund from DSP Mutual Fund with ₹7,101 Cr under management, launched in 2003. Over three years it has returned 1.0% a year, against 8.8% for its category. The expense ratio is 2.14% and the SEBI riskometer reading is Very High.
Performance
DSP Large Cap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -5.5% 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 | -9.4% | −7.4 pts | -2.0% | -5.8% |
| 2Y | -4.4% | −3.4 pts | -1.1% | -1.9% |
| 3Y | 1.0% | −7.8 pts | 8.8% | 1.7% |
| 5Y | 7.8% | +0.5 pts | 7.3% | 7.2% |
| 7Y | 10.3% | 0.0 pts | 10.3% | 10.0% |
| 10Y | 10.3% | −0.5 pts | 10.8% | 10.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -4.2% | −0.1 pts | -4.0% | -4.1% |
| 3M | -3.4% | −1.9 pts | -1.5% | -1.8% |
| 6M | 1.7% | −4.2 pts | 5.9% | 5.1% |
| 1Y | -5.5% | −3.5 pts | -2.0% | -2.7% |
| 2Y | -4.8% | −0.9 pts | -3.9% | -4.1% |
| 3Y | 9.6% | +0.8 pts | 8.8% | 8.5% |
| 5Y | 7.8% | +0.5 pts | 7.3% | 7.2% |
| 7Y | 10.9% | −1.0 pts | 11.9% | 10.9% |
| 10Y | 9.6% | −1.2 pts | 10.8% | 9.9% |
Since launch (10 Feb 2003): 17.7%
Calendar-year returns
Category average7.5%
19.5%
1.4%
26.6%
20.3%
8.4%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 8.4% | −0.1 pts | 8.5% |
| 2024 | 20.3% | +4.0 pts | 16.3% |
| 2023 | 26.6% | +1.3 pts | 25.3% |
| 2022 | 1.4% | −1.7 pts | 3.2% |
| 2021 | 19.5% | −7.7 pts | 27.2% |
| 2020 | 7.5% | −7.5 pts | 15.0% |
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
2.09%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.54%
- Brokerage
- 0.07%
- Transaction charges
- 0.01%
- Statutory levies
- 0.47%
- 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 100 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 | 1.03 | 2.62 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.88 | 1.04 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.45 | 0.53 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.61 | 0.70 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 13.02 | 15.51 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
DSP Large Cap Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity98.7%
- Other1.3%
Market cap split
- Large92.5%
- Mid7.5%
- P/E
- 19.57
- P/B
- 2.84
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 10.15% | ₹721 Cr | +9.46% | +8.35% | +7.70% |
| HDFC Bank Ltd. | Financial | 9.44% | ₹670 Cr | +9.19% | +9.38% | +8.96% |
| Axis Bank Ltd. | Financial | 5.86% | ₹416 Cr | +5.74% | +5.55% | +4.85% |
| Bharti Airtel Ltd. | Communication | 5.83% | ₹414 Cr | +4.99% | — | — |
| ITC Ltd. | Consumer Staples | 5.06% | ₹360 Cr | +5.63% | +6.67% | +5.20% |
| Mahindra & Mahindra Ltd. | Automobile | 5.04% | ₹358 Cr | +4.98% | +4.68% | +5.52% |
| Larsen & Toubro Ltd. | Construction | 4.77% | ₹338 Cr | +4.24% | — | — |
| Infosys Ltd. | Technology | 4.52% | ₹321 Cr | +5.00% | +5.14% | +4.76% |
| Reliance Industries Ltd. | Energy | 4.08% | ₹290 Cr | +4.18% | — | — |
| Cipla Ltd. | Healthcare | 2.98% | ₹211 Cr | +3.12% | +3.90% | +5.05% |
| NTPC Ltd. | Energy | 2.92% | ₹207 Cr | +3.41% | -0.99% | +4.90% |
| HDFC Life Insurance Co Ltd. | Insurance | 2.68% | ₹190 Cr | +2.90% | +3.44% | +2.19% |
| SBI Life Insurance Company Ltd. | Insurance | 2.67% | ₹189 Cr | +2.67% | +2.94% | +4.29% |
| Ultratech Cement Ltd. | Materials | 2.67% | ₹189 Cr | +2.65% | — | — |
| Kotak Mahindra Bank Ltd. | Financial | 2.42% | ₹172 Cr | +2.48% | +5.12% | +4.98% |
| Maruti Suzuki India Ltd. | Automobile | 2.39% | ₹170 Cr | +2.29% | +1.11% | — |
| Asian Paints Ltd. | Materials | 2.19% | ₹155 Cr | +0.46% | — | — |
| DLF Ltd. | Construction | 2.10% | ₹149 Cr | +1.78% | — | — |
| Hindustan Aeronautics Ltd. | Capital Goods | 1.94% | ₹138 Cr | +0.75% | — | — |
| Hero Motocorp Ltd. | Automobile | 1.91% | ₹136 Cr | +1.97% | — | — |
| Hyundai Motor India Ltd. | Automobile | 1.84% | ₹131 Cr | +1.59% | — | — |
| Petronet LNG Ltd. | Energy | 1.37% | ₹97.31 Cr | +1.22% | +1.83% | +0.84% |
| Others | Others | 1.27% | ₹90.97 Cr | +0.42% | +5.04% | -2.04% |
| GAIL (India) Ltd. | Energy | 1.26% | ₹89.54 Cr | +1.16% | +2.44% | +2.19% |
| Oil And Natural Gas Corporation Ltd. | Energy | 1.25% | ₹88.50 Cr | +1.10% | +1.81% | +3.08% |
| Power Grid Corporation Of India Ltd. | Energy | 1.11% | ₹79.07 Cr | — | — | — |
| Bharat Petroleum Corporation Ltd. | Energy | 1.07% | ₹75.98 Cr | +0.50% | — | — |
| Life Insurance Corporation of India | Insurance | 1.04% | ₹74.04 Cr | +0.81% | +0.82% | +0.94% |
| Info Edge (India) Ltd. | Services | 0.99% | ₹70.31 Cr | +0.94% | — | — |
| United Spirits Ltd. | Consumer Staples | 0.97% | ₹68.82 Cr | +1.01% | — | — |
| Interglobe Aviation Ltd. | Services | 0.89% | ₹63.23 Cr | — | — | — |
| State Bank of India | Financial | 0.82% | ₹58.27 Cr | +0.74% | +2.54% | +3.43% |
| Shree Cement Ltd. | Materials | 0.71% | ₹50.25 Cr | — | — | — |
| Page Industries Ltd. | Textiles | 0.70% | ₹49.85 Cr | — | — | — |
| Tata Motors Ltd. | Automobile | 0.64% | ₹45.31 Cr | +0.64% | +0.84% | — |
| Trent Ltd. | Services | 0.54% | ₹38.62 Cr | +0.53% | — | — |
| Indus Towers Ltd. | Communication | 0.47% | ₹33.39 Cr | +1.43% | +1.23% | +1.55% |
| Indian Oil Corporation Ltd. | Energy | 0.37% | ₹25.94 Cr | +0.36% | — | — |
| Procter & Gamble Hygiene and Health Care Ltd. | Consumer Staples | 0.34% | ₹23.94 Cr | — | — | — |
| Bank Of Baroda | Financial | 0.32% | ₹23.07 Cr | — | — | — |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.23% | ₹16.46 Cr | — | — | — |
| ICICI Prudential Life Insurance Company Ltd. | Insurance | 0.18% | ₹13.13 Cr | +0.18% | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Alembic Pharmaceuticals Ltd. | 0.58% | 0.00% | -0.58% |
| ICICI Bank Ltd. | 9.66% | 10.15% | +0.49% |
| Axis Bank Ltd. | 5.40% | 5.86% | +0.46% |
| ITC Ltd. | 5.42% | 5.06% | -0.36% |
| ICICI Lombard General Insurance Company Ltd. | 0.36% | 0.00% | -0.36% |
| Hindustan Aeronautics Ltd. | 2.28% | 1.94% | -0.34% |
| Page Industries Ltd. | 0.38% | 0.70% | +0.32% |
| Larsen & Toubro Ltd. | 4.52% | 4.77% | +0.25% |
| Life Insurance Corporation of India | 0.82% | 1.04% | +0.22% |
| Hero Motocorp Ltd. | 2.13% | 1.91% | -0.22% |
| Oil And Natural Gas Corporation Ltd. | 1.09% | 1.25% | +0.16% |
| DLF Ltd. | 1.95% | 2.10% | +0.15% |
| Asian Paints Ltd. | 2.05% | 2.19% | +0.14% |
| Petronet LNG Ltd. | 1.25% | 1.37% | +0.12% |
| NTPC Ltd. | 3.02% | 2.92% | -0.10% |
| United Spirits Ltd. | 1.06% | 0.97% | -0.09% |
| Info Edge (India) Ltd. | 0.90% | 0.99% | +0.09% |
| Tata Motors Ltd. | 0.73% | 0.64% | -0.09% |
| Hyundai Motor India Ltd. | 1.78% | 1.84% | +0.06% |
| Maruti Suzuki India Ltd. | 2.45% | 2.39% | -0.06% |
| Shree Cement Ltd. | 0.77% | 0.71% | -0.06% |
| Power Grid Corporation Of India Ltd. | 1.17% | 1.11% | -0.06% |
| HDFC Bank Ltd. | 9.49% | 9.44% | -0.05% |
| HDFC Life Insurance Co Ltd. | 2.63% | 2.68% | +0.05% |
| Kotak Mahindra Bank Ltd. | 2.47% | 2.42% | -0.05% |
| State Bank of India | 0.77% | 0.82% | +0.05% |
| Cipla Ltd. | 3.03% | 2.98% | -0.05% |
| Bharat Petroleum Corporation Ltd. | 1.03% | 1.07% | +0.04% |
| Mahindra & Mahindra Ltd. | 5.08% | 5.04% | -0.04% |
| SBI Life Insurance Company Ltd. | 2.71% | 2.67% | -0.04% |
| Ultratech Cement Ltd. | 2.70% | 2.67% | -0.03% |
| Interglobe Aviation Ltd. | 0.86% | 0.89% | +0.03% |
| Infosys Ltd. | 4.49% | 4.52% | +0.03% |
| Indian Oil Corporation Ltd. | 0.36% | 0.37% | +0.01% |
| Trent Ltd. | 0.55% | 0.54% | -0.01% |
| Hindustan Petroleum Corporation Ltd. | 0.24% | 0.23% | -0.01% |
| Indus Towers Ltd. | 0.46% | 0.47% | +0.01% |
| Procter & Gamble Hygiene and Health Care Ltd. | 0.35% | 0.34% | -0.01% |
| Bharti Airtel Ltd. | 5.82% | 5.83% | +0.01% |
| Reliance Industries Ltd. | 4.07% | 4.08% | +0.01% |
| Bank Of Baroda | 0.32% | 0.32% | 0.00% |
| GAIL (India) Ltd. | 1.26% | 1.26% | 0.00% |
| ICICI Prudential Life Insurance Company Ltd. | 0.18% | 0.18% | 0.00% |
| Others | 0.14% | 0.14% | 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 | ₹1,872 Cr | 2.51% | 0.7% | 4.8% | 9.7% |
 Quant Large Cap Fund | ₹3,651 Cr | 2.93% | 6.0% | 5.4% | — |
 Bandhan Large Cap Fund | ₹2,180 Cr | 2.20% | -2.8% | 4.0% | 9.1% |
 Invesco India Large Cap Fund | ₹2,021 Cr | 2.19% | 2.4% | 6.0% | 10.5% |
 WhiteOak Capital Large Cap Fund | ₹1,276 Cr | 2.48% | -4.3% | 3.6% | — |
 Bank of India Large Cap Fund | ₹231 Cr | 2.75% | 2.2% | 4.8% | 9.6% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate capital appreciation from a portfolio that largely consists of equity and equity related securities of the 100 largest corporates, by market capitalisation, listed on either BSE or NSE.
Fund managers
- Anish TawakleyMr. Tawakley has done PGDM (MBA) from IIM Bangalore and B. Tech (Mechanical Engineering) from IIT DelhiPrior joining to DSP MF, he has worked with ICICI AMC, Barclays India - Equity Research, Credit Suisse India - Equity research - Indian financial services sector,
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 months1.73% absolute | ₹60,000 | ₹61,038 | 1.73% | |
| 1 year−5.54% annualised | ₹1,20,000 | ₹1,16,459 | −2.95% | |
| 3 years9.56% annualised | ₹3,60,000 | ₹4,18,342 | 16.21% | |
| 5 years7.76% annualised | ₹6,00,000 | ₹7,34,912 | 22.49% |
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 Large Cap Fund?
The NAV of DSP Large Cap Fund is ₹440.52 as on 25 Sep 2026.
What is the expense ratio of DSP Large Cap Fund?
The expense ratio of DSP Large Cap Fund is 2.14% per year.
What is the minimum SIP amount for DSP Large Cap Fund?
You can start a SIP in DSP Large Cap Fund with ₹3,000 a month.
What returns has DSP Large Cap Fund given?
DSP Large Cap Fund has returned -9.4% over 1 year, 1.0% over 3 years and 7.8% over 5 years (annualised).
Is there a lock-in or exit load on DSP Large Cap Fund?
Lock-in: None. Exit load: Exit load of 1% if redeemed less than 12 months.
How risky is DSP Large Cap Fund?
DSP Large Cap Fund is rated Very High on the SEBI riskometer and belongs to the Large Cap category.
Which fund house manages DSP Large Cap Fund?
DSP Large Cap Fund is managed by DSP Mutual Fund, which runs 60 schemes with ₹2,33,296 Cr under management.