DSP Midcap Fund
Mid CapVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹151.58-1.97%1 day
- Return since launch
- 14.6%
- 52-week range
- ₹132.74 — ₹158.92
- AUM
- ₹21,019 Cr
DSP Midcap Fund is a Mid Cap equity fund from DSP Mutual Fund with ₹21,019 Cr under management, launched in 2006. Over three years it has returned 7.1% a year, against 15.7% for its category. The expense ratio is 1.72% 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 +2.9% against +5.2% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 2.8% | −3.6 pts | 6.4% | 6.0% |
| 2Y | 4.5% | −2.6 pts | 7.2% | 6.3% |
| 3Y | 7.1% | −8.6 pts | 15.7% | 8.5% |
| 5Y | 12.3% | −1.8 pts | 14.1% | 14.1% |
| 7Y | 14.3% | −4.1 pts | 18.5% | 17.4% |
| 10Y | 13.8% | −1.3 pts | 15.1% | 15.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -4.5% | −0.8 pts | -3.7% | -4.0% |
| 3M | -1.1% | −1.7 pts | 0.6% | -0.0% |
| 6M | 9.1% | −4.2 pts | 13.3% | 11.8% |
| 1Y | 2.9% | −3.5 pts | 6.4% | 5.2% |
| 2Y | -0.4% | −1.4 pts | 0.9% | 0.4% |
| 3Y | 13.1% | −2.7 pts | 15.7% | 14.5% |
| 5Y | 10.3% | −3.9 pts | 14.1% | 13.3% |
| 7Y | 15.8% | −3.9 pts | 19.7% | 18.2% |
| 10Y | 13.0% | −2.1 pts | 15.1% | 13.9% |
Since launch (29 Sep 2006): 14.6%
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
1.72%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.40%
- 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 | -1.50 | 5.13 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.96 | 0.99 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.55 | 0.91 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.72 | 1.17 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 17.78 | 18.53 | 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 31 Aug 2026
Asset allocation
- Equity95.8%
- Other4.2%
Market cap split
- Large18.0%
- Mid70.9%
- Small11.2%
- P/E
- 32.50
- P/B
- 4.09
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Coforge Ltd. | Technology | 4.48% | ₹941 Cr | +3.93% | +2.98% | +4.48% |
| Others | Others | 4.21% | ₹889 Cr | +0.42% | -0.08% | -0.04% |
| Multi Commodity Exchange Of India Ltd. | Services | 3.16% | ₹664 Cr | +2.20% | +1.82% | — |
| Fortis Healthcare Ltd. | Healthcare | 2.79% | ₹587 Cr | +2.70% | +2.74% | +2.47% |
| Ipca Laboratories Ltd. | Healthcare | 2.70% | ₹568 Cr | +2.32% | +3.11% | +3.37% |
| The Federal Bank Ltd. | Financial | 2.66% | ₹560 Cr | +2.30% | +2.40% | +2.00% |
| Max Financial Services Ltd. | Financial | 2.63% | ₹553 Cr | +2.51% | +2.72% | +2.48% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 2.59% | ₹544 Cr | +2.72% | +2.15% | +0.66% |
| The Phoenix Mills Ltd. | Construction | 2.48% | ₹522 Cr | +2.37% | +2.23% | +2.08% |
| Bharat Forge Ltd. | Automobile | 2.42% | ₹508 Cr | +2.40% | +2.35% | +1.94% |
| Coromandel International Ltd. | Chemicals | 2.31% | ₹485 Cr | +2.27% | +2.58% | +2.77% |
| APL Apollo Tubes Ltd. | Metals & Mining | 2.20% | ₹463 Cr | +1.33% | +1.62% | +1.20% |
| Jindal Steel Ltd. | Metals & Mining | 2.11% | ₹444 Cr | +2.28% | +2.77% | +2.17% |
| Supreme Industries Ltd. | Materials | 2.08% | ₹438 Cr | +2.05% | +2.30% | +2.94% |
| Voltas Ltd. | Consumer Discretionary | 2.07% | ₹435 Cr | +2.30% | +2.89% | +2.63% |
| Schaeffler India Ltd. | Capital Goods | 2.01% | ₹422 Cr | +2.20% | +2.81% | +2.14% |
| Kei Industries Ltd. | Capital Goods | 1.99% | ₹418 Cr | +2.23% | +2.16% | +1.30% |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.96% | ₹411 Cr | +1.62% | +1.62% | +2.28% |
| ICICI Bank Ltd. | Financial | 1.95% | ₹410 Cr | +1.80% | +1.98% | — |
| Bharti Airtel Ltd. | Communication | 1.94% | ₹407 Cr | +2.09% | +2.15% | +1.73% |
| Eternal Ltd. | Services | 1.91% | ₹402 Cr | +1.19% | +1.17% | — |
| Nippon Life India Asset Management Ltd. | Financial | 1.90% | ₹399 Cr | +2.54% | +2.15% | +1.99% |
| JK Cement Ltd. | Materials | 1.76% | ₹369 Cr | +1.89% | +1.82% | +2.11% |
| L&T Finance Ltd. | Financial | 1.74% | ₹365 Cr | +1.66% | +1.90% | +2.25% |
| AU Small Finance Bank Ltd. | Financial | 1.71% | ₹359 Cr | +2.15% | +2.28% | +2.26% |
| Kirloskar Oil Engines Ltd. | Capital Goods | 1.71% | ₹359 Cr | +1.93% | +1.68% | +1.10% |
| Tube Investments Of India Ltd. | Automobile | 1.71% | ₹359 Cr | +1.75% | +1.54% | +1.07% |
| Mphasis Ltd. | Technology | 1.68% | ₹352 Cr | +1.44% | +1.46% | +1.83% |
| UNO Minda Ltd. | Automobile | 1.68% | ₹352 Cr | +1.44% | +1.52% | +1.86% |
| PB Fintech Ltd. | Services | 1.67% | ₹352 Cr | +1.62% | +0.24% | — |
| Alkem Laboratories Ltd. | Healthcare | 1.64% | ₹344 Cr | +1.80% | +2.15% | +2.08% |
| Samvardhana Motherson International Ltd. | Automobile | 1.46% | ₹306 Cr | +1.90% | +1.53% | +0.80% |
| Page Industries Ltd. | Textiles | 1.39% | ₹293 Cr | +1.59% | +1.34% | +2.21% |
| Indus Towers Ltd. | Communication | 1.34% | ₹281 Cr | +1.63% | +0.99% | — |
| Bank of India | Financial | 1.31% | ₹274 Cr | +1.38% | +1.74% | +1.12% |
| Apar Industries Ltd. | Consumer Staples | 1.28% | ₹269 Cr | +1.26% | +1.08% | +0.70% |
| Apollo Tyres Ltd. | Automobile | 1.28% | ₹270 Cr | +1.23% | +1.42% | +1.49% |
| Oil India Ltd. | Energy | 1.28% | ₹269 Cr | +1.32% | +1.31% | +1.02% |
| Vishal Mega Mart Ltd. | Services | 1.26% | ₹264 Cr | +1.05% | +1.02% | +1.80% |
| Hindustan Petroleum Corporation Ltd. | Energy | 1.22% | ₹256 Cr | +1.40% | +1.56% | +1.49% |
| Aster DM Quality Care Ltd. | Healthcare | 1.19% | ₹251 Cr | +0.60% | +0.54% | — |
| Techno Electric & Engineering Company Ltd. | Capital Goods | 1.14% | ₹241 Cr | +1.34% | +1.46% | +1.83% |
| SRF Ltd. | Chemicals | 1.09% | ₹230 Cr | +0.02% | — | — |
| GE Vernova T&D India Ltd | Capital Goods | 1.02% | ₹215 Cr | — | — | — |
| Shriram Finance Ltd | Financial | 1.02% | ₹214 Cr | +1.37% | +0.88% | — |
| Atul Ltd. | Chemicals | 0.97% | ₹204 Cr | +1.29% | +1.25% | +1.72% |
| Mahindra & Mahindra Ltd. | Automobile | 0.94% | ₹197 Cr | +0.93% | +1.04% | — |
| Cholamandalam Financial Holdings Ltd. | Financial | 0.93% | ₹196 Cr | +1.06% | +1.10% | +0.96% |
| Jubilant Ingrevia Ltd. | Chemicals | 0.93% | ₹195 Cr | +1.46% | +1.33% | +1.70% |
| Godrej Properties Ltd. | Construction | 0.92% | ₹193 Cr | — | — | — |
| KPIT Technologies Ltd. | Technology | 0.86% | ₹182 Cr | +1.22% | +1.22% | +1.94% |
| Dhanuka Agritech Ltd. | Chemicals | 0.75% | ₹158 Cr | +0.94% | +0.85% | +1.38% |
| PI Industries Ltd. | Chemicals | 0.75% | ₹158 Cr | +0.94% | +1.06% | +0.98% |
| Cyient Ltd. | Technology | 0.73% | ₹153 Cr | +0.65% | +0.66% | +0.87% |
| Hitachi Energy India Ltd. | Capital Goods | 0.73% | ₹154 Cr | +0.89% | +0.59% | — |
| Lenskart Solutions Ltd. | Consumer Discretionary | 0.71% | ₹148 Cr | +0.60% | +0.61% | — |
| Power Finance Corporation Ltd. | Financial | 0.67% | ₹141 Cr | +1.22% | +1.18% | +2.31% |
| company:12042 | Construction | 0.57% | ₹120 Cr | — | — | — |
| Polycab India Ltd. | Capital Goods | 0.54% | ₹113 Cr | +1.55% | +2.09% | +2.11% |
| Westlife Foodworld Ltd. | Services | 0.50% | ₹106 Cr | +0.42% | +0.47% | +0.70% |
| HDB Financial Services Ltd. | Financial | 0.42% | ₹88.03 Cr | +0.44% | +0.93% | +0.92% |
| Emami Ltd. | Consumer Staples | 0.39% | ₹82.08 Cr | +0.71% | +0.96% | +1.43% |
| Syngene International Ltd. | Healthcare | 0.30% | ₹63.58 Cr | +0.36% | +0.34% | +0.52% |
| Alembic Pharmaceuticals Ltd. | Healthcare | 0.22% | ₹46.56 Cr | +0.79% | +0.77% | +1.46% |
| LG Electronics India Ltd. | Consumer Discretionary | 0.04% | ₹7.63 Cr | +0.03% | +0.04% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Multi Commodity Exchange Of India Ltd. | 2.56% | 3.16% | +0.60% |
| company:12042 | 0.00% | 0.57% | +0.57% |
| Gujarat Fluorochemicals Ltd. | 0.52% | 0.00% | -0.52% |
| Power Finance Corporation Ltd. | 1.16% | 0.67% | -0.49% |
| Coforge Ltd. | 4.03% | 4.48% | +0.45% |
| Aster DM Quality Care Ltd. | 0.75% | 1.19% | +0.44% |
| Vishal Mega Mart Ltd. | 0.89% | 1.26% | +0.37% |
| APL Apollo Tubes Ltd. | 1.85% | 2.20% | +0.35% |
| Cholamandalam Investment and Finance Company Ltd. | 2.89% | 2.59% | -0.30% |
| Jubilant Ingrevia Ltd. | 1.23% | 0.93% | -0.30% |
| Voltas Ltd. | 2.36% | 2.07% | -0.29% |
| Coromandel International Ltd. | 2.57% | 2.31% | -0.26% |
| Ipca Laboratories Ltd. | 2.45% | 2.70% | +0.25% |
| Atul Ltd. | 1.21% | 0.97% | -0.24% |
| GE Vernova T&D India Ltd | 0.78% | 1.02% | +0.24% |
| Bharti Airtel Ltd. | 2.16% | 1.94% | -0.22% |
| Page Industries Ltd. | 1.61% | 1.39% | -0.22% |
| PB Fintech Ltd. | 1.47% | 1.67% | +0.20% |
| Shriram Finance Ltd | 1.22% | 1.02% | -0.20% |
| Apar Industries Ltd. | 1.09% | 1.28% | +0.19% |
| Cyient Ltd. | 0.54% | 0.73% | +0.19% |
| Alkem Laboratories Ltd. | 1.81% | 1.64% | -0.17% |
| Bharat Forge Ltd. | 2.59% | 2.42% | -0.17% |
| JK Cement Ltd. | 1.91% | 1.76% | -0.15% |
| Kei Industries Ltd. | 1.84% | 1.99% | +0.15% |
| PI Industries Ltd. | 0.89% | 0.75% | -0.14% |
| Samvardhana Motherson International Ltd. | 1.32% | 1.46% | +0.14% |
| Kirloskar Oil Engines Ltd. | 1.83% | 1.71% | -0.12% |
| Hindustan Petroleum Corporation Ltd. | 1.33% | 1.22% | -0.11% |
| Polycab India Ltd. | 0.65% | 0.54% | -0.11% |
| Jindal Steel Ltd. | 2.00% | 2.11% | +0.11% |
| Lenskart Solutions Ltd. | 0.61% | 0.71% | +0.10% |
| Eternal Ltd. | 1.81% | 1.91% | +0.10% |
| The Federal Bank Ltd. | 2.75% | 2.66% | -0.09% |
| UNO Minda Ltd. | 1.59% | 1.68% | +0.09% |
| Schaeffler India Ltd. | 2.09% | 2.01% | -0.08% |
| Others | -0.12% | -0.05% | +0.07% |
| Alembic Pharmaceuticals Ltd. | 0.29% | 0.22% | -0.07% |
| Dhanuka Agritech Ltd. | 0.81% | 0.75% | -0.06% |
| Dixon Technologies (India) Ltd. | 1.90% | 1.96% | +0.06% |
| Max Financial Services Ltd. | 2.57% | 2.63% | +0.06% |
| The Phoenix Mills Ltd. | 2.54% | 2.48% | -0.06% |
| Cholamandalam Financial Holdings Ltd. | 0.99% | 0.93% | -0.06% |
| Godrej Properties Ltd. | 0.98% | 0.92% | -0.06% |
| SRF Ltd. | 1.15% | 1.09% | -0.06% |
| KPIT Technologies Ltd. | 0.91% | 0.86% | -0.05% |
| Mahindra & Mahindra Ltd. | 0.99% | 0.94% | -0.05% |
| Emami Ltd. | 0.44% | 0.39% | -0.05% |
| Westlife Foodworld Ltd. | 0.46% | 0.50% | +0.04% |
| Indus Towers Ltd. | 1.38% | 1.34% | -0.04% |
| ICICI Bank Ltd. | 1.98% | 1.95% | -0.03% |
| Nippon Life India Asset Management Ltd. | 1.93% | 1.90% | -0.03% |
| Oil India Ltd. | 1.25% | 1.28% | +0.03% |
| Techno Electric & Engineering Company Ltd. | 1.17% | 1.14% | -0.03% |
| AU Small Finance Bank Ltd. | 1.69% | 1.71% | +0.02% |
| Fortis Healthcare Ltd. | 2.77% | 2.79% | +0.02% |
| HDB Financial Services Ltd. | 0.44% | 0.42% | -0.02% |
| Mphasis Ltd. | 1.66% | 1.68% | +0.02% |
| Tube Investments Of India Ltd. | 1.73% | 1.71% | -0.02% |
| Bank of India | 1.30% | 1.31% | +0.01% |
| Hitachi Energy India Ltd. | 0.72% | 0.73% | +0.01% |
| L&T Finance Ltd. | 1.73% | 1.74% | +0.01% |
| LG Electronics India Ltd. | 0.03% | 0.04% | +0.01% |
| Apollo Tyres Ltd. | 1.28% | 1.28% | 0.00% |
| Supreme Industries Ltd. | 2.08% | 2.08% | 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 | ₹13,775 Cr | 2.01% | 12.6% | 14.3% | 19.1% |
 Edelweiss Mid Cap Fund | ₹19,891 Cr | 1.86% | 4.8% | 10.7% | 17.2% |
 HSBC Midcap Fund | ₹17,188 Cr | 2.21% | 21.7% | 17.0% | 20.7% |
 Invesco India Mid Cap Fund | ₹15,905 Cr | 1.88% | 13.6% | 15.9% | 20.4% |
 ICICI Prudential Mid Cap Fund | ₹8,403 Cr | 1.83% | 9.3% | 13.6% | 17.9% |
 WhiteOak Capital Mid Cap Fund | ₹7,485 Cr | 2.25% | 13.5% | 14.5% | — |
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 months9.14% absolute | ₹60,000 | ₹65,484 | 9.14% | |
| 1 year2.91% annualised | ₹1,20,000 | ₹1,21,908 | 1.59% | |
| 3 years13.07% annualised | ₹3,60,000 | ₹4,42,674 | 22.97% | |
| 5 years10.27% annualised | ₹6,00,000 | ₹7,86,596 | 31.10% |
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 ₹151.58 as on 24 Sep 2026.
What is the expense ratio of DSP Midcap Fund?
The expense ratio of DSP Midcap Fund is 1.72% 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 2.8% over 1 year, 7.1% over 3 years and 12.3% 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 ₹2,33,296 Cr under management.