DSP Multi Asset Allocation Fund
- 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
DSP Multi Asset Allocation Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +11.4% against +8.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 3.6% | −4.4 pts | 8.0% | 3.6% |
| 2Y | 11.3% | +3.5 pts | 7.8% | 8.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -3.2% | −0.4 pts | -2.8% | -2.5% |
| 3M | -0.1% | −0.8 pts | 0.8% | 1.0% |
| 6M | 4.8% | −1.6 pts | 6.3% | 6.8% |
| 1Y | 11.4% | +3.4 pts | 8.0% | 7.8% |
| 2Y | 10.4% | +4.2 pts | 6.2% | 6.6% |
Since launch (7 Sep 2023): 16.8%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 23.1% | +6.3 pts | 16.8% |
| 2024 | 16.3% | −0.1 pts | 16.4% |
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.
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
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| DSP Gold ETF - Growth | Unclassified | 11.66% | ₹1,281 Cr | +10.02% | +8.81% | +10.60% |
| Nifty 50 | Financial | 8.96% | ₹985 Cr | +4.72% | — | +0.10% |
| Others | Others | 8.19% | ₹896 Cr | -27.43% | +39.12% | +1.56% |
| DSP NIFTY 50 Equal Weight ETF - Growth | Unclassified | 5.63% | ₹619 Cr | +6.21% | +5.36% | — |
| HDFC Bank Ltd. | Financial | 3.49% | ₹384 Cr | +4.94% | +2.93% | +3.59% |
| Axis Bank Ltd. | Financial | 3.11% | ₹342 Cr | +3.32% | +2.41% | +1.39% |
| ICICI Bank Ltd. | Financial | 3.02% | ₹332 Cr | +2.65% | +1.65% | +3.19% |
| Bharti Airtel Ltd. | Communication | 1.85% | ₹204 Cr | +2.00% | +2.20% | +2.23% |
| Reliance Industries Ltd. | Energy | 1.58% | ₹173 Cr | +1.21% | — | — |
| State Bank of India | Financial | 1.45% | ₹159 Cr | — | — | — |
| Embassy Office Parks REIT | Construction | 1.41% | ₹155 Cr | +1.54% | +1.77% | +1.89% |
| NVIDIA Corporation (USA) | Capital Goods | 1.33% | ₹147 Cr | +1.43% | +1.22% | — |
| Larsen & Toubro Ltd. | Construction | 1.19% | ₹131 Cr | +1.12% | — | — |
| Samvardhana Motherson International Ltd. | Automobile | 1.04% | ₹115 Cr | +1.00% | +1.02% | +0.84% |
| NTPC Ltd. | Energy | 0.96% | ₹105 Cr | — | — | — |
| Sony Group Corporation Forgn Eq | Consumer Staples | 0.95% | ₹105 Cr | +0.92% | +0.54% | +0.86% |
| Info Edge (India) Ltd. | Services | 0.94% | ₹104 Cr | +0.57% | — | — |
| Knowledge Realty Trust | Construction | 0.89% | ₹97.89 Cr | +0.75% | +0.90% | +0.51% |
| Maruti Suzuki India Ltd. | Automobile | 0.89% | ₹97.38 Cr | +0.58% | +0.37% | +0.80% |
| Power Grid Corporation Of India Ltd. | Energy | 0.89% | ₹98.03 Cr | +0.98% | +1.16% | +1.29% |
| SBI Life Insurance Company Ltd. | Insurance | 0.89% | ₹98.13 Cr | — | — | — |
| iShares Global Industrials ETF | Unclassified | 0.88% | ₹96.73 Cr | +0.97% | +1.10% | +1.96% |
| Comm Serv Select Sector Spdr | Others | 0.85% | ₹93.24 Cr | +0.99% | +1.11% | +2.21% |
| Mahindra & Mahindra Ltd. | Automobile | 0.85% | ₹93.54 Cr | +0.89% | — | — |
| company:5765 | Insurance | 0.81% | ₹88.69 Cr | — | — | — |
| Oberoi Realty Ltd. | Construction | 0.80% | ₹87.63 Cr | +0.82% | +0.74% | +1.23% |
| Alibaba Group Holdings Ltd. | Services | 0.77% | ₹84.76 Cr | +0.91% | +0.82% | +0.95% |
| Ultratech Cement Ltd. | Materials | 0.77% | ₹84.41 Cr | +0.76% | — | — |
| Oil India Ltd. | Energy | 0.74% | ₹81.70 Cr | +0.82% | +0.96% | +0.22% |
| Tata Motors Ltd. | Automobile | 0.74% | ₹81.17 Cr | +0.67% | +1.02% | — |
| Atul Ltd. | Chemicals | 0.72% | ₹79.00 Cr | — | — | — |
| Bayer CropScience Ltd. | Chemicals | 0.71% | ₹77.75 Cr | +0.08% | — | — |
| Brookfield India Real Estate Trust REIT | Construction | 0.70% | ₹76.85 Cr | +0.73% | +0.98% | — |
| Page Industries Ltd. | Textiles | 0.70% | ₹76.69 Cr | — | — | — |
| Power Finance Corporation Ltd. | Financial | 0.70% | ₹77.17 Cr | +0.77% | +0.90% | +2.04% |
| SK Hynix Inc | Capital Goods | 0.68% | ₹74.63 Cr | +1.61% | +1.28% | +1.17% |
| GOI | Sovereign | 0.67% | ₹74.30 Cr | +2.98% | +0.58% | +1.46% |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.67% | ₹74.11 Cr | +0.69% | +0.89% | +0.73% |
| company:5500 | Financial | 0.66% | ₹72.53 Cr | — | — | — |
| iShares S&P 500 Energy Sector UCITS ETF USD | Unclassified | 0.60% | ₹66.18 Cr | +0.61% | +0.65% | +1.11% |
| DSP Nifty PSU Bank ETF - Growth | Unclassified | 0.58% | ₹63.91 Cr | +0.63% | +1.52% | +1.58% |
| Angel One Ltd. | Financial | 0.57% | ₹62.50 Cr | +0.99% | +0.90% | +1.18% |
| DLF Ltd. | Construction | 0.56% | ₹61.39 Cr | — | — | — |
| Contemporary Amperex Technology Co Ltd. | Technology | 0.55% | ₹60.50 Cr | +0.71% | +0.63% | +0.85% |
| L'Oreal | Consumer Staples | 0.54% | ₹58.94 Cr | +0.60% | +0.69% | +0.92% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 0.54% | ₹59.49 Cr | +0.73% | +0.82% | +0.70% |
| company:9415 | Capital Goods | 0.54% | ₹59.79 Cr | — | — | — |
| Bharat Petroleum Corporation Ltd. | Energy | 0.52% | ₹57.54 Cr | +0.15% | — | — |
| KFin Technologies Ltd. | Financial | 0.52% | ₹57.52 Cr | +0.52% | — | — |
| Schneider Electric Sa (France) | Others | 0.52% | ₹56.70 Cr | +0.68% | +0.78% | +0.83% |
| GAIL (India) Ltd. | Energy | 0.51% | ₹55.69 Cr | +1.03% | +1.22% | +1.33% |
| Midea Group Co Ltd. | Capital Goods | 0.51% | ₹56.54 Cr | +0.49% | — | — |
| Novo Nordisk A/S - ADR | Healthcare | 0.50% | ₹54.77 Cr | +0.56% | +0.51% | +1.03% |
| Amazon. com Inc. (USA) | Services | 0.49% | ₹54.00 Cr | +0.90% | +0.77% | +1.42% |
| Bharti Telecom Ltd. | Communication | 0.49% | ₹53.46 Cr | +0.53% | +0.61% | +1.40% |
| company:15362 | Financial | 0.49% | ₹53.81 Cr | — | — | — |
| Mindspace Business Parks REIT | Construction | 0.47% | ₹51.14 Cr | +0.39% | +0.45% | — |
| Citius TransNet Investment Trust | Construction | 0.46% | ₹50.75 Cr | +0.48% | — | — |
| Muthoot Finance Ltd. | Financial | 0.46% | ₹51.08 Cr | +0.51% | +0.59% | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 0.46% | ₹50.60 Cr | — | — | — |
| iShares Global Healthcare ETF | Unclassified | 0.46% | ₹50.63 Cr | +0.47% | +0.55% | +1.01% |
| Hero Motocorp Ltd. | Automobile | 0.45% | ₹49.67 Cr | +0.46% | +0.32% | +0.62% |
| Microsoft Corportion (US) | Technology | 0.43% | ₹46.80 Cr | +0.82% | +0.79% | +1.84% |
| Kalpataru Projects International Ltd. | Capital Goods | 0.42% | ₹45.78 Cr | +0.44% | — | — |
| Uttar Pradesh State | Others | 0.41% | ₹45.54 Cr | +0.50% | — | — |
| Hong Kong Exchanges & Clearing Ltd. | Financial | 0.40% | ₹44.40 Cr | — | — | — |
| Infosys Ltd. | Technology | 0.38% | ₹41.33 Cr | +1.85% | +1.44% | +2.32% |
| Powergrid Infrastructure Investment Trust | Services | 0.37% | ₹40.91 Cr | +0.39% | +0.45% | — |
| CIE Automotive India Ltd. | Metals & Mining | 0.36% | ₹39.41 Cr | +0.46% | +0.51% | +0.36% |
| Raajmarg Infra Investment Trust | Construction | 0.36% | ₹39.80 Cr | +0.37% | — | — |
| Asian Paints Ltd. | Materials | 0.35% | ₹38.12 Cr | — | — | — |
| Hindustan Zinc Ltd. | Metals & Mining | 0.34% | ₹37.51 Cr | +0.28% | +0.31% | +0.64% |
| Shree Cement Ltd. | Materials | 0.33% | ₹35.76 Cr | — | — | — |
| Maharashtra State | Others | 0.32% | ₹34.91 Cr | +0.51% | +0.58% | — |
| NetFlix Inc. (USA) | Services | 0.32% | ₹35.66 Cr | — | — | — |
| Indus Infra Trust | Construction | 0.31% | ₹33.65 Cr | — | — | — |
| Apollo Tyres Ltd. | Automobile | 0.28% | ₹30.93 Cr | +0.28% | — | — |
| company:9187 | Services | 0.23% | ₹25.36 Cr | — | — | — |
| Export-Import Bank Of India | Financial | 0.22% | ₹24.33 Cr | — | — | — |
| Haryana State | Others | 0.22% | ₹24.52 Cr | +0.24% | +0.30% | — |
| Indus Towers Ltd. | Communication | 0.22% | ₹24.51 Cr | +1.05% | +1.14% | +1.12% |
| Bank Of Baroda | Financial | 0.21% | ₹23.00 Cr | — | — | — |
| Nike Inc. | Consumer Discretionary | 0.20% | ₹22.48 Cr | +0.27% | +0.40% | +1.06% |
| Tata Motors Passenger Vehicles Ltd. | Automobile | 0.15% | ₹16.46 Cr | +0.21% | +0.24% | +0.92% |
| HCL Technologies Ltd. | Technology | 0.14% | ₹14.97 Cr | +1.46% | +1.16% | +1.38% |
| Jindal Steel Ltd. | Metals & Mining | 0.11% | ₹12.51 Cr | +0.80% | +0.96% | +0.36% |
| iShares Global Comm Services ETF | Unclassified | 0.04% | ₹4.41 Cr | +0.05% | +0.05% | +0.11% |
| LT Foods Ltd. | Consumer Staples | 0.01% | ₹0.71 Cr | +0.54% | +0.65% | +0.81% |
| Sony Financial Group Inc | Financial | 0.01% | ₹1.51 Cr | +0.01% | +0.02% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| DSP Gold ETF - Growth | 9.05% | 11.66% | +2.61% |
| Chhattisgarh State | 0.99% | 0.00% | -0.99% |
| Others | -0.01% | -0.83% | -0.82% |
| company:5765 | 0.00% | 0.81% | +0.81% |
| company:5500 | 0.00% | 0.66% | +0.66% |
| company:9415 | 0.00% | 0.54% | +0.54% |
| Telangana State | 0.50% | 0.00% | -0.50% |
| company:15362 | 0.00% | 0.49% | +0.49% |
| Nifty 50 | 9.38% | 8.96% | -0.42% |
| DSP NIFTY 50 Equal Weight ETF - Growth | 5.92% | 5.63% | -0.29% |
| National Bank For Agriculture & Rural Development | 0.24% | 0.00% | -0.24% |
| Bharti Airtel Ltd. | 2.09% | 1.85% | -0.24% |
| company:9187 | 0.00% | 0.23% | +0.23% |
| Maruti Suzuki India Ltd. | 0.68% | 0.89% | +0.21% |
| Knowledge Realty Trust | 0.71% | 0.89% | +0.18% |
| Maharashtra State | 0.50% | 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 State | 0.48% | 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 REIT | 1.46% | 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 - ADR | 0.54% | 0.50% | -0.04% |
| Brookfield India Real Estate Trust REIT | 0.73% | 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 ETF | 0.91% | 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'Oreal | 0.56% | 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% |
| GOI | 0.47% | 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 Eq | 0.93% | 0.95% | +0.02% |
| Bank Of Baroda | 0.22% | 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 - Growth | 0.59% | 0.58% | -0.01% |
| Export-Import Bank Of India | 0.23% | 0.22% | -0.01% |
| Haryana State | 0.23% | 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 REIT | 0.48% | 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 Trust | 0.38% | 0.37% | -0.01% |
| iShares S&P 500 Energy Sector UCITS ETF USD | 0.59% | 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 Inc | 0.69% | 0.68% | -0.01% |
| Apollo Tyres Ltd. | 0.28% | 0.28% | 0.00% |
| Citius TransNet Investment Trust | 0.46% | 0.46% | 0.00% |
| Comm Serv Select Sector Spdr | 0.85% | 0.85% | 0.00% |
| Hong Kong Exchanges & Clearing Ltd. | 0.40% | 0.40% | 0.00% |
| Indus Infra Trust | 0.31% | 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 Trust | 0.36% | 0.36% | 0.00% |
| Schneider Electric Sa (France) | 0.52% | 0.52% | 0.00% |
| Sony Financial Group Inc | 0.01% | 0.01% | 0.00% |
| State Bank of India | 1.45% | 1.45% | 0.00% |
| iShares Global Comm Services ETF | 0.04% | 0.04% | 0.00% |
| iShares Global Healthcare ETF | 0.46% | 0.46% | 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 | ₹7,364 Cr | 1.57% | 6.5% | 12.7% | 15.4% |
| ₹17,984 Cr | 1.44% | 5.9% | 13.3% | 15.5% | |
| ₹8,778 Cr | 1.67% | 7.9% | 13.1% | — | |
| ₹6,528 Cr | 2.32% | 7.5% | 14.1% | 17.5% | |
| ₹3,056 Cr | 1.08% | 4.9% | 11.0% | 14.7% | |
| ₹478 Cr | 1.33% | 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
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 months4.75% absolute | ₹60,000 | ₹62,850 | 4.75% | |
| 1 year11.41% annualised | ₹1,20,000 | ₹1,27,681 | 6.40% |
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.