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DSP Multi Asset Allocation Fund

Multi Asset AllocationVery HighOPEN-ENDED
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NAV as on 25 Sep 2026
₹15.93+0.36%1 day
Return since launch
16.8%
52-week range
₹14.30 — ₹16.54
AUM
₹10,990 Cr

DSP Multi Asset Allocation Fund is a Multi Asset Allocation hybrid fund from DSP Mutual Fund with ₹10,990 Cr under management, launched in 2023. The expense ratio is 1.60% and the SEBI riskometer reading is Very High.

Performance

Returns

How the fund has done against its category and its benchmark.

Trailing returns
PeriodFundvs categoryCategoryBenchmark
1Y3.6%−4.4 pts8.0%3.6%
2Y11.3%+3.5 pts7.8%8.3%

Fund against category

1Y
Fund3.6%
Category8.0%

Since launch (7 Sep 2023): 16.8%

Calendar-year returns

Category average
Show as a table
Calendar-year returns
PeriodFundvs categoryCategory
202523.1%+6.3 pts16.8%
202416.3%−0.1 pts16.4%

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

1.59%

Expense ratio as on 25 Sep 2026

Charged yearly and already deducted from the NAV.

Base expense
1.18%
Brokerage
0.05%
Transaction charges
0.01%
Statutory levies
0.35%
Exit load
Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 months.
Lock-in
None

Terms

Min SIP
₹3,000
Min lumpsum
₹5,000
Plan
GROWTH
Fund type
OPEN-ENDED
Benchmark
NA

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.

Portfolio

DSP Multi Asset Allocation Fund portfolio

Portfolio as of 31 Aug 2026

Asset allocation

  • Equity63.2%
  • Debt11.9%
  • Commodities11.4%
  • Other13.4%

Market cap split

  • Large82.2%
  • Mid10.0%
  • Small7.8%
P/E
18.43
P/B
2.76

Top holdings

HoldingSectorWeightValue3M chg6M chg1Y chg
DSP Gold ETF - GrowthUnclassified11.66%₹1,281 Cr+10.02%+8.81%+10.60%
Nifty 50Financial8.96%₹985 Cr+4.72%—+0.10%
OthersOthers8.19%₹896 Cr-27.43%+39.12%+1.56%
DSP NIFTY 50 Equal Weight ETF - GrowthUnclassified5.63%₹619 Cr+6.21%+5.36%—
HDFC Bank Ltd.Financial3.49%₹384 Cr+4.94%+2.93%+3.59%
Axis Bank Ltd.Financial3.11%₹342 Cr+3.32%+2.41%+1.39%
ICICI Bank Ltd.Financial3.02%₹332 Cr+2.65%+1.65%+3.19%
Bharti Airtel Ltd.Communication1.85%₹204 Cr+2.00%+2.20%+2.23%
Reliance Industries Ltd.Energy1.58%₹173 Cr+1.21%——
State Bank of IndiaFinancial1.45%₹159 Cr———

Sectors

  • Financial25.2%
  • Unclassified19.8%
  • Others10.9%
  • Construction7.1%
  • Sovereign6.3%
  • Energy5.9%
  • Automobile4.4%
  • Capital Goods3.5%

Instruments

  • Mutual Fund17.9%
  • Reverse Repo16.3%
  • Index Derivatives9.0%
  • Foreign - Equity8.2%
  • GOI Securities5.9%
  • Real Estate Investment Trusts3.5%
  • Foreign Mutual Funds2.8%
  • Debenture2.4%

Recent changes

HoldingFromToWeight
DSP Gold ETF - Growth9.05%11.66%+2.61%
Chhattisgarh State0.99%0.00%-0.99%
Others-0.01%-0.83%-0.82%
company:57650.00%0.81%+0.81%
company:55000.00%0.66%+0.66%
company:94150.00%0.54%+0.54%
Telangana State0.50%0.00%-0.50%
company:153620.00%0.49%+0.49%
Nifty 509.38%8.96%-0.42%
DSP NIFTY 50 Equal Weight ETF - Growth5.92%5.63%-0.29%
National Bank For Agriculture & Rural Development0.24%0.00%-0.24%
Bharti Airtel Ltd.2.09%1.85%-0.24%
company:91870.00%0.23%+0.23%
Maruti Suzuki India Ltd.0.68%0.89%+0.21%
Knowledge Realty Trust0.71%0.89%+0.18%
Maharashtra State0.50%0.32%-0.18%
HDFC Bank Ltd.3.66%3.49%-0.17%
Hindustan Zinc Ltd.0.22%0.34%+0.12%
SBI Life Insurance Company Ltd.0.78%0.89%+0.11%
Reliance Industries Ltd.1.68%1.58%-0.10%
NTPC Ltd.1.05%0.96%-0.09%
Bharat Petroleum Corporation Ltd.0.43%0.52%+0.09%
Asian Paints Ltd.0.26%0.35%+0.09%
ICICI Bank Ltd.2.93%3.02%+0.09%
Samvardhana Motherson International Ltd.0.96%1.04%+0.08%
Atul Ltd.0.79%0.72%-0.07%
Bayer CropScience Ltd.0.78%0.71%-0.07%
NVIDIA Corporation (USA)1.26%1.33%+0.07%
Uttar Pradesh State0.48%0.41%-0.07%
Contemporary Amperex Technology Co Ltd.0.62%0.55%-0.07%
Axis Bank Ltd.3.05%3.11%+0.06%
Mahindra & Mahindra Ltd.0.91%0.85%-0.06%
Page Industries Ltd.0.64%0.70%+0.06%
Ultratech Cement Ltd.0.83%0.77%-0.06%
Embassy Office Parks REIT1.46%1.41%-0.05%
Shree Cement Ltd.0.38%0.33%-0.05%
Alibaba Group Holdings Ltd.0.82%0.77%-0.05%
Amazon. com Inc. (USA)0.53%0.49%-0.04%
Angel One Ltd.0.61%0.57%-0.04%
Novo Nordisk A/S - ADR0.54%0.50%-0.04%
Brookfield India Real Estate Trust REIT0.73%0.70%-0.03%
CIE Automotive India Ltd.0.39%0.36%-0.03%
GAIL (India) Ltd.0.54%0.51%-0.03%
Hindustan Petroleum Corporation Ltd.0.64%0.67%+0.03%
Tata Motors Ltd.0.71%0.74%+0.03%
iShares Global Industrials ETF0.91%0.88%-0.03%
LT Foods Ltd.0.04%0.01%-0.03%
Nike Inc.0.23%0.20%-0.03%
Microsoft Corportion (US)0.40%0.43%+0.03%
Info Edge (India) Ltd.0.91%0.94%+0.03%
L'Oreal0.56%0.54%-0.02%
NetFlix Inc. (USA)0.30%0.32%+0.02%
Sun Pharmaceutical Industries Ltd.0.56%0.54%-0.02%
Tata Motors Passenger Vehicles Ltd.0.17%0.15%-0.02%
GOI0.47%0.45%-0.02%
Kalpataru Projects International Ltd.0.40%0.42%+0.02%
Muthoot Finance Ltd.0.48%0.46%-0.02%
Small Industries Devp. Bank of India Ltd.0.48%0.46%-0.02%
Sony Group Corporation Forgn Eq0.93%0.95%+0.02%
Bank Of Baroda0.22%0.21%-0.01%
Bharti Telecom Ltd.0.50%0.49%-0.01%
DLF Ltd.0.55%0.56%+0.01%
DSP Nifty PSU Bank ETF - Growth0.59%0.58%-0.01%
Export-Import Bank Of India0.23%0.22%-0.01%
Haryana State0.23%0.22%-0.01%
Hero Motocorp Ltd.0.46%0.45%-0.01%
Indus Towers Ltd.0.23%0.22%-0.01%
Infosys Ltd.0.39%0.38%-0.01%
KFin Technologies Ltd.0.53%0.52%-0.01%
Larsen & Toubro Ltd.1.20%1.19%-0.01%
Midea Group Co Ltd.0.52%0.51%-0.01%
Mindspace Business Parks REIT0.48%0.47%-0.01%
Oberoi Realty Ltd.0.81%0.80%-0.01%
Oil India Ltd.0.73%0.74%+0.01%
Powergrid Infrastructure Investment Trust0.38%0.37%-0.01%
iShares S&P 500 Energy Sector UCITS ETF USD0.59%0.60%+0.01%
HCL Technologies Ltd.0.15%0.14%-0.01%
Power Finance Corporation Ltd.0.24%0.23%-0.01%
SK Hynix Inc0.69%0.68%-0.01%
Apollo Tyres Ltd.0.28%0.28%0.00%
Citius TransNet Investment Trust0.46%0.46%0.00%
Comm Serv Select Sector Spdr0.85%0.85%0.00%
Hong Kong Exchanges & Clearing Ltd.0.40%0.40%0.00%
Indus Infra Trust0.31%0.31%0.00%
Jindal Steel Ltd.0.11%0.11%0.00%
Power Grid Corporation Of India Ltd.0.89%0.89%0.00%
Raajmarg Infra Investment Trust0.36%0.36%0.00%
Schneider Electric Sa (France)0.52%0.52%0.00%
Sony Financial Group Inc0.01%0.01%0.00%
State Bank of India1.45%1.45%0.00%
iShares Global Comm Services ETF0.04%0.04%0.00%
iShares Global Healthcare ETF0.46%0.46%0.00%

Compare

Similar funds

The rest of the category, so this fund’s numbers have something to sit against.

FundAUMExpense1Y3Y5Y
Category average₹7,364 Cr1.57%6.5%12.7%15.4%
Nippon India Multi Asset Allocation Fund₹17,984 Cr1.44%5.9%13.3%15.5%
WhiteOak Capital Multi Asset Allocation Fund₹8,778 Cr1.67%7.9%13.1%—
Quant Multi Asset Allocation Fund₹6,528 Cr2.32%7.5%14.1%17.5%
Nippon India Multi - Asset Omni FoF₹3,056 Cr1.08%4.9%11.0%14.7%
Aditya Birla Sun Life Multi-Asset Omni FoF₹478 Cr1.33%6.6%11.8%13.9%

About

About this fund

The scheme’s own words, its benchmark and the people running it.

Investment objective

The Scheme is seek to generate long term capital appreciation by investing in multi asset classes including equity and equity related securities, debt and money market instruments, commodity ETFs, exchange traded commodity derivatives and overseas securities.

Fund managers

  • Aparna KarnikMs. Karnik is a Masters in Management Studies.Prior to joining DSP Mutual Fund, she has worked with CRISIL Ratings.
  • Ravi GehaniMr. Gehani has done B.Com and MMS- Finance.Prior to joining DSP Mutual Fund, he has worked with Muthoot Exim Pvt Ltd., Bullion Price Risk, Products and Operations, S-Ancial Global Solutions Pvt Ltd. and Latin Manharlal Commodities Pvt Ltd.
  • Shantanu GodambeMr. Godambehas done B.Com, MS (Finance) and CFAPrior to joining DSP Mutual Fund, he has worked with Yes Bank, Prebon Yamane and ICAP India Private Limited
Scheme information document

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 pastTotal investmentWould’ve becomeGrowthReturns
6 months4.75% absolute₹60,000₹62,8504.75%
1 year11.41% annualised₹1,20,000₹1,27,6816.40%

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 Multi Asset Allocation Fund?
The NAV of DSP Multi Asset Allocation Fund is ₹15.93 as on 25 Sep 2026.
What is the expense ratio of DSP Multi Asset Allocation Fund?
The expense ratio of DSP Multi Asset Allocation Fund is 1.60% per year.
What is the minimum SIP amount for DSP Multi Asset Allocation Fund?
You can start a SIP in DSP Multi Asset Allocation Fund with ₹3,000 a month.
Is there a lock-in or exit load on DSP Multi Asset Allocation Fund?
Lock-in: None. Exit load: Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 months..
How risky is DSP Multi Asset Allocation Fund?
DSP Multi Asset Allocation Fund is rated Very High on the SEBI riskometer and belongs to the Multi Asset Allocation category.
Which fund house manages DSP Multi Asset Allocation Fund?
DSP Multi Asset Allocation Fund is managed by DSP Mutual Fund, which runs 60 schemes with ₹2,33,296 Cr under management.