DSP Midcap Fund
Mid CapVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹149.84+0.39%1 day
- Return since launch
- 14.3%
- 52-week range
- ₹132.74 — ₹158.92
- AUM
- ₹19,488 Cr
DSP Midcap Fund is a Mid Cap equity fund from DSP Mutual Fund with ₹19,488 Cr under management, launched in 2006. Over three years it has returned 5.2% a year, against 14.8% for its category. The expense ratio is 1.74% and the SEBI riskometer reading is Very High.
Performance
DSP Midcap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +0.2% against +1.9% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 0.8% | −2.8 pts | 3.6% | 3.6% |
| 2Y | 3.5% | −2.8 pts | 6.3% | 5.2% |
| 3Y | 5.2% | −9.6 pts | 14.8% | 6.6% |
| 5Y | 11.0% | −1.7 pts | 12.8% | 12.7% |
| 7Y | 13.2% | −4.1 pts | 17.3% | 16.2% |
| 10Y | 13.2% | −2.0 pts | 15.1% | 15.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 3.3% | +0.5 pts | 2.8% | 2.5% |
| 3M | -5.0% | −1.7 pts | -3.4% | -4.2% |
| 6M | -0.3% | −2.7 pts | 2.3% | 0.9% |
| 1Y | 0.3% | −3.3 pts | 3.6% | 2.1% |
| 2Y | 1.9% | −2.0 pts | 3.9% | 3.4% |
| 3Y | 12.0% | −2.8 pts | 14.8% | 13.6% |
| 5Y | 9.3% | −3.5 pts | 12.8% | 11.9% |
| 7Y | 15.0% | −4.3 pts | 19.3% | 17.8% |
| 10Y | 12.8% | −2.3 pts | 15.1% | 13.8% |
Since launch (29 Sep 2006): 14.3%
Calendar-year returns
Category average23.6%
28.3%
-4.9%
38.4%
22.2%
1.7%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 1.7% | −1.3 pts | 3.1% |
| 2024 | 22.2% | −8.1 pts | 30.3% |
| 2023 | 38.4% | −0.2 pts | 38.7% |
| 2022 | -4.9% | −8.7 pts | 3.8% |
| 2021 | 28.3% | −17.5 pts | 45.8% |
| 2020 | 23.6% | −1.9 pts | 25.5% |
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
1.73%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.41%
- Brokerage
- 0.02%
- Transaction charges
- 0.00%
- Statutory levies
- 0.30%
- 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 Midcap 150 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 | -1.31 | 5.01 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.97 | 1.00 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.39 | 0.72 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.52 | 0.96 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 18.47 | 19.25 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
DSP Midcap Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity95.4%
- Other4.6%
Market cap split
- Large17.3%
- Mid70.8%
- Small11.9%
- P/E
- 31.80
- P/B
- 3.94
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 4.63% | ₹914 Cr | +0.06% | -0.70% | +0.08% |
| Coforge Ltd. | Technology | 4.07% | ₹794 Cr | +3.49% | +3.47% | +4.10% |
| Multi Commodity Exchange Of India Ltd. | Services | 3.31% | ₹644 Cr | +2.61% | +2.00% | +0.88% |
| Ipca Laboratories Ltd. | Healthcare | 2.84% | ₹554 Cr | +2.52% | +3.11% | +3.24% |
| The Phoenix Mills Ltd. | Construction | 2.73% | ₹532 Cr | +2.66% | +2.27% | +2.14% |
| The Federal Bank Ltd. | Financial | 2.56% | ₹498 Cr | +2.57% | +2.33% | +1.87% |
| Fortis Healthcare Ltd. | Healthcare | 2.53% | ₹492 Cr | +2.85% | +2.60% | +2.61% |
| Bharat Forge Ltd. | Automobile | 2.51% | ₹489 Cr | +2.57% | +2.31% | +1.72% |
| Max Financial Services Ltd. | Financial | 2.48% | ₹483 Cr | +2.31% | +2.51% | +2.42% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 2.44% | ₹475 Cr | +3.09% | +2.69% | +0.75% |
| APL Apollo Tubes Ltd. | Metals & Mining | 2.34% | ₹456 Cr | +1.55% | +1.58% | +1.26% |
| Coromandel International Ltd. | Chemicals | 2.29% | ₹447 Cr | +2.53% | +2.49% | +2.68% |
| Supreme Industries Ltd. | Materials | 2.18% | ₹425 Cr | +1.78% | +2.43% | +2.75% |
| Jindal Steel Ltd. | Metals & Mining | 2.17% | ₹423 Cr | +1.96% | +2.53% | +2.43% |
| Schaeffler India Ltd. | Capital Goods | 2.10% | ₹409 Cr | +2.18% | +2.68% | +2.32% |
| Bharti Airtel Ltd. | Communication | 2.03% | ₹395 Cr | +2.06% | +2.29% | +2.20% |
| Kirloskar Oil Engines Ltd. | Capital Goods | 2.02% | ₹394 Cr | +2.00% | +1.50% | +1.17% |
| Voltas Ltd. | Consumer Discretionary | 2.00% | ₹389 Cr | +2.31% | +2.65% | +2.57% |
| Eternal Ltd. | Services | 1.95% | ₹379 Cr | +1.43% | +1.23% | — |
| ICICI Bank Ltd. | Financial | 1.91% | ₹373 Cr | +1.92% | +1.94% | — |
| JK Cement Ltd. | Materials | 1.87% | ₹365 Cr | +1.94% | +2.09% | +1.79% |
| Nippon Life India Asset Management Ltd. | Financial | 1.87% | ₹364 Cr | +1.96% | +2.08% | +2.19% |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.86% | ₹363 Cr | +1.64% | +1.67% | +2.22% |
| AU Small Finance Bank Ltd. | Financial | 1.71% | ₹334 Cr | +1.70% | +2.25% | +2.29% |
| Alkem Laboratories Ltd. | Healthcare | 1.71% | ₹333 Cr | +1.78% | +1.95% | +2.12% |
| Kei Industries Ltd. | Capital Goods | 1.67% | ₹325 Cr | +2.24% | +1.93% | +1.38% |
| UNO Minda Ltd. | Automobile | 1.66% | ₹323 Cr | +1.39% | +1.52% | +1.87% |
| Mphasis Ltd. | Technology | 1.61% | ₹313 Cr | +1.34% | +1.46% | +1.73% |
| Tube Investments Of India Ltd. | Automobile | 1.57% | ₹307 Cr | +1.84% | +1.58% | +1.11% |
| L&T Finance Ltd. | Financial | 1.55% | ₹301 Cr | +1.75% | +1.63% | +2.70% |
| Page Industries Ltd. | Textiles | 1.53% | ₹298 Cr | +1.68% | +1.49% | +2.02% |
| Samvardhana Motherson International Ltd. | Automobile | 1.50% | ₹293 Cr | +1.88% | +1.54% | +1.10% |
| Indus Towers Ltd. | Communication | 1.39% | ₹270 Cr | +1.40% | +1.63% | — |
| Apar Industries Ltd. | Consumer Staples | 1.36% | ₹265 Cr | +1.47% | +1.07% | +0.74% |
| Aster DM Quality Care Ltd. | Healthcare | 1.34% | ₹261 Cr | +0.73% | +0.62% | — |
| Vishal Mega Mart Ltd. | Services | 1.33% | ₹259 Cr | +1.00% | +1.03% | +1.61% |
| Bank of India | Financial | 1.30% | ₹252 Cr | +1.35% | +1.52% | +1.25% |
| Apollo Tyres Ltd. | Automobile | 1.28% | ₹249 Cr | +1.31% | +1.45% | +1.52% |
| Techno Electric & Engineering Company Ltd. | Capital Goods | 1.27% | ₹247 Cr | +1.28% | +1.38% | +1.69% |
| Hindustan Petroleum Corporation Ltd. | Energy | 1.26% | ₹245 Cr | +1.37% | +1.34% | +1.82% |
| SRF Ltd. | Chemicals | 1.14% | ₹222 Cr | +0.84% | — | — |
| Oil India Ltd. | Energy | 1.13% | ₹220 Cr | +1.15% | +1.49% | +1.07% |
| GE Vernova T&D India Ltd | Capital Goods | 1.04% | ₹203 Cr | — | — | — |
| PB Fintech Ltd. | Services | 1.02% | ₹200 Cr | +1.51% | +1.08% | — |
| Oberoi Realty Ltd. | Construction | 0.98% | ₹191 Cr | — | — | — |
| Jubilant Ingrevia Ltd. | Chemicals | 0.97% | ₹189 Cr | +1.34% | +1.39% | +1.49% |
| Shriram Finance Ltd | Financial | 0.97% | ₹189 Cr | +1.47% | +1.42% | — |
| Atul Ltd. | Chemicals | 0.94% | ₹182 Cr | +1.18% | +1.34% | +1.65% |
| Cholamandalam Financial Holdings Ltd. | Financial | 0.94% | ₹183 Cr | +1.09% | +1.03% | +1.20% |
| Mahindra & Mahindra Ltd. | Automobile | 0.91% | ₹177 Cr | +0.91% | +1.01% | +1.07% |
| Godrej Properties Ltd. | Construction | 0.90% | ₹176 Cr | +0.56% | — | — |
| KPIT Technologies Ltd. | Technology | 0.80% | ₹155 Cr | +1.03% | +1.13% | +1.78% |
| Lenskart Solutions Ltd. | Consumer Discretionary | 0.79% | ₹153 Cr | +0.57% | +0.64% | — |
| PI Industries Ltd. | Chemicals | 0.79% | ₹154 Cr | +0.84% | +1.04% | +0.99% |
| Dhanuka Agritech Ltd. | Chemicals | 0.77% | ₹150 Cr | +0.85% | +0.84% | +1.32% |
| Cyient Ltd. | Technology | 0.74% | ₹144 Cr | +0.61% | +0.61% | +0.85% |
| Hitachi Energy India Ltd. | Capital Goods | 0.72% | ₹140 Cr | +0.79% | +0.63% | — |
| Westlife Foodworld Ltd. | Services | 0.56% | ₹109 Cr | +0.45% | +0.51% | +0.66% |
| Sona BLW Precision Forgings Ltd. | Automobile | 0.53% | ₹103 Cr | — | — | — |
| Polycab India Ltd. | Capital Goods | 0.49% | ₹96.06 Cr | +1.08% | +1.26% | +2.15% |
| Gland Pharma Ltd. | Healthcare | 0.42% | ₹81.77 Cr | — | — | — |
| Emami Ltd. | Consumer Staples | 0.35% | ₹69.17 Cr | +0.57% | +0.89% | +1.14% |
| Syngene International Ltd. | Healthcare | 0.30% | ₹57.96 Cr | +0.35% | +0.35% | +0.52% |
| LG Electronics India Ltd. | Consumer Discretionary | 0.04% | ₹7.74 Cr | +0.03% | +0.04% | — |
| Alembic Pharmaceuticals Ltd. | Healthcare | 0.03% | ₹6.43 Cr | +0.42% | +0.80% | +1.20% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Power Finance Corporation Ltd. | 0.67% | 0.00% | -0.67% |
| PB Fintech Ltd. | 1.67% | 1.02% | -0.65% |
| Sona BLW Precision Forgings Ltd. | 0.00% | 0.53% | +0.53% |
| Gland Pharma Ltd. | 0.00% | 0.42% | +0.42% |
| HDB Financial Services Ltd. | 0.42% | 0.00% | -0.42% |
| Coforge Ltd. | 4.48% | 4.07% | -0.41% |
| Oberoi Realty Ltd. | 0.57% | 0.98% | +0.41% |
| Kei Industries Ltd. | 1.99% | 1.67% | -0.32% |
| Kirloskar Oil Engines Ltd. | 1.71% | 2.02% | +0.31% |
| Fortis Healthcare Ltd. | 2.79% | 2.53% | -0.26% |
| The Phoenix Mills Ltd. | 2.48% | 2.73% | +0.25% |
| Alembic Pharmaceuticals Ltd. | 0.22% | 0.03% | -0.19% |
| L&T Finance Ltd. | 1.74% | 1.55% | -0.19% |
| Aster DM Quality Care Ltd. | 1.19% | 1.34% | +0.15% |
| Oil India Ltd. | 1.28% | 1.13% | -0.15% |
| Cholamandalam Investment and Finance Company Ltd. | 2.59% | 2.44% | -0.15% |
| Max Financial Services Ltd. | 2.63% | 2.48% | -0.15% |
| Multi Commodity Exchange Of India Ltd. | 3.16% | 3.31% | +0.15% |
| Page Industries Ltd. | 1.39% | 1.53% | +0.14% |
| Tube Investments Of India Ltd. | 1.71% | 1.57% | -0.14% |
| APL Apollo Tubes Ltd. | 2.20% | 2.34% | +0.14% |
| Ipca Laboratories Ltd. | 2.70% | 2.84% | +0.14% |
| Techno Electric & Engineering Company Ltd. | 1.14% | 1.27% | +0.13% |
| JK Cement Ltd. | 1.76% | 1.87% | +0.11% |
| Supreme Industries Ltd. | 2.08% | 2.18% | +0.10% |
| The Federal Bank Ltd. | 2.66% | 2.56% | -0.10% |
| Dixon Technologies (India) Ltd. | 1.96% | 1.86% | -0.10% |
| Schaeffler India Ltd. | 2.01% | 2.10% | +0.09% |
| Bharat Forge Ltd. | 2.42% | 2.51% | +0.09% |
| Bharti Airtel Ltd. | 1.94% | 2.03% | +0.09% |
| Apar Industries Ltd. | 1.28% | 1.36% | +0.08% |
| Lenskart Solutions Ltd. | 0.71% | 0.79% | +0.08% |
| Alkem Laboratories Ltd. | 1.64% | 1.71% | +0.07% |
| Vishal Mega Mart Ltd. | 1.26% | 1.33% | +0.07% |
| Mphasis Ltd. | 1.68% | 1.61% | -0.07% |
| Voltas Ltd. | 2.07% | 2.00% | -0.07% |
| Jindal Steel Ltd. | 2.11% | 2.17% | +0.06% |
| Westlife Foodworld Ltd. | 0.50% | 0.56% | +0.06% |
| KPIT Technologies Ltd. | 0.86% | 0.80% | -0.06% |
| Polycab India Ltd. | 0.54% | 0.49% | -0.05% |
| Shriram Finance Ltd | 1.02% | 0.97% | -0.05% |
| Indus Towers Ltd. | 1.34% | 1.39% | +0.05% |
| SRF Ltd. | 1.09% | 1.14% | +0.05% |
| Emami Ltd. | 0.39% | 0.35% | -0.04% |
| Eternal Ltd. | 1.91% | 1.95% | +0.04% |
| Hindustan Petroleum Corporation Ltd. | 1.22% | 1.26% | +0.04% |
| ICICI Bank Ltd. | 1.95% | 1.91% | -0.04% |
| PI Industries Ltd. | 0.75% | 0.79% | +0.04% |
| Samvardhana Motherson International Ltd. | 1.46% | 1.50% | +0.04% |
| Jubilant Ingrevia Ltd. | 0.93% | 0.97% | +0.04% |
| Atul Ltd. | 0.97% | 0.94% | -0.03% |
| Others | -0.05% | -0.08% | -0.03% |
| Mahindra & Mahindra Ltd. | 0.94% | 0.91% | -0.03% |
| Nippon Life India Asset Management Ltd. | 1.90% | 1.87% | -0.03% |
| Coromandel International Ltd. | 2.31% | 2.29% | -0.02% |
| Dhanuka Agritech Ltd. | 0.75% | 0.77% | +0.02% |
| GE Vernova T&D India Ltd | 1.02% | 1.04% | +0.02% |
| Godrej Properties Ltd. | 0.92% | 0.90% | -0.02% |
| UNO Minda Ltd. | 1.68% | 1.66% | -0.02% |
| Bank of India | 1.31% | 1.30% | -0.01% |
| Cyient Ltd. | 0.73% | 0.74% | +0.01% |
| Hitachi Energy India Ltd. | 0.73% | 0.72% | -0.01% |
| Cholamandalam Financial Holdings Ltd. | 0.93% | 0.94% | +0.01% |
| AU Small Finance Bank Ltd. | 1.71% | 1.71% | 0.00% |
| Apollo Tyres Ltd. | 1.28% | 1.28% | 0.00% |
| LG Electronics India Ltd. | 0.04% | 0.04% | 0.00% |
| Syngene International Ltd. | 0.30% | 0.30% | 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 | ₹13,591 Cr | 1.99% | 9.0% | 12.0% | 17.5% |
 Edelweiss Mid Cap Fund | ₹19,230 Cr | 1.87% | 3.2% | 8.7% | 15.9% |
 HSBC Midcap Fund | ₹16,800 Cr | 2.15% | 15.2% | 14.1% | 19.0% |
 Invesco India Mid Cap Fund | ₹15,832 Cr | 1.85% | 12.4% | 14.1% | 19.3% |
 WhiteOak Capital Mid Cap Fund | ₹8,400 Cr | 2.25% | 11.2% | 12.7% | — |
 ICICI Prudential Mid Cap Fund | ₹7,695 Cr | 1.83% | 2.9% | 10.3% | 15.9% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme aims to generate long term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities of midcap companies.
Fund managers
- Abhishek GhoshMr. Ghosh is a MBA Finance, BE (Electronics)Prior to joining DSP Mutual Fund, he has worked with Motilal Oswal Securities, IDFC securities Ltd, BNP Paribas, B&K Securities, Edelweiss Securities.
- Vinit SambreMr. Sambre is a B.Com and FCA.Prior to joining DSP he was associated with DSP Merrill Lynch Ltd.(Nov 2005 to Jun 2007), IL & FS Investsmart Ltd. (Dec 2002 to Oct 2005), Unit Trust of India Investment Advisory Services Ltd.(Jun 2000 to Dec 2002), Kisan Ratilal Choksey Shares and Securities Pvt. Ltd. (March 1999 to May 2000) and Credit Rating Information Service of India Ltd.(Apr 1998 to Feb 1999).
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 months−0.35% absolute | ₹60,000 | ₹59,790 | −0.35% | |
| 1 year0.27% annualised | ₹1,20,000 | ₹1,20,176 | 0.15% | |
| 3 years12.02% annualised | ₹3,60,000 | ₹4,35,217 | 20.89% | |
| 5 years9.30% annualised | ₹6,00,000 | ₹7,66,102 | 27.68% |
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 Midcap Fund?
The NAV of DSP Midcap Fund is ₹149.84 as on 9 Nov 2026.
What is the expense ratio of DSP Midcap Fund?
The expense ratio of DSP Midcap Fund is 1.74% per year.
What is the minimum SIP amount for DSP Midcap Fund?
You can start a SIP in DSP Midcap Fund with ₹3,000 a month.
What returns has DSP Midcap Fund given?
DSP Midcap Fund has returned 0.8% over 1 year, 5.2% over 3 years and 11.0% over 5 years (annualised).
Is there a lock-in or exit load on DSP Midcap Fund?
Lock-in: None. Exit load: Exit load of 1% if redeemed less than 12 months.
How risky is DSP Midcap Fund?
DSP Midcap Fund is rated Very High on the SEBI riskometer and belongs to the Mid Cap category.
Which fund house manages DSP Midcap Fund?
DSP Midcap Fund is managed by DSP Mutual Fund, which runs 60 schemes with ₹2,47,696 Cr under management.