DSP Multi Cap Fund
Multi CapVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹12.08+0.49%1 day
- Return since launch
- 7.3%
- 52-week range
- ₹10.37 — ₹12.51
- AUM
- ₹3,025 Cr
DSP Multi Cap Fund is a Multi Cap equity fund from DSP Mutual Fund with ₹3,025 Cr under management, launched in 2024. The expense ratio is 2.09% and the SEBI riskometer reading is Very High.
Performance
DSP Multi Cap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +1.0% against +1.7% 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% | −2.9 pts | 6.4% | 3.4% |
| 2Y | 2.6% | −3.7 pts | 6.3% | 2.6% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -3.5% | −0.6 pts | -2.9% | -3.0% |
| 3M | -0.6% | −2.4 pts | 1.8% | 1.1% |
| 6M | 13.8% | −1.7 pts | 15.5% | 13.9% |
| 1Y | 1.0% | −5.5 pts | 6.4% | 1.6% |
| 2Y | -3.0% | −3.1 pts | 0.1% | -2.8% |
Since launch (8 Jan 2024): 7.3%
Calendar-year returns
Category average0.3%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 0.3% | −3.3 pts | 3.6% |
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
2.07%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.68%
- Brokerage
- 0.03%
- Transaction charges
- 0.00%
- Statutory levies
- 0.36%
- Exit load
- Exit load of 1%, if redeemed within 12 months.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- Nifty 500 Multicap 50:25:25 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.
Portfolio
DSP Multi Cap Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity97.5%
- Other2.5%
Market cap split
- Large34.7%
- Mid30.5%
- Small34.7%
- P/E
- 27.88
- P/B
- 3.51
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| HDFC Bank Ltd. | Financial | 6.09% | ₹184 Cr | +4.96% | +3.74% | +4.30% |
| ICICI Bank Ltd. | Financial | 5.63% | ₹170 Cr | +3.83% | +2.92% | +3.18% |
| Axis Bank Ltd. | Financial | 3.81% | ₹115 Cr | +4.06% | +4.66% | +3.30% |
| Max Financial Services Ltd. | Financial | 3.31% | ₹100 Cr | +2.60% | +3.00% | +2.85% |
| Coforge Ltd. | Technology | 3.10% | ₹93.92 Cr | +2.39% | +1.65% | +2.96% |
| Info Edge (India) Ltd. | Services | 3.03% | ₹91.58 Cr | +1.18% | — | — |
| Alkem Laboratories Ltd. | Healthcare | 3.00% | ₹90.77 Cr | — | — | — |
| Mahindra & Mahindra Ltd. | Automobile | 2.92% | ₹88.40 Cr | +1.56% | +1.85% | +1.88% |
| Cipla Ltd. | Healthcare | 2.71% | ₹82.07 Cr | +2.38% | +2.44% | +3.09% |
| Hero Motocorp Ltd. | Automobile | 2.59% | ₹78.27 Cr | +2.51% | +3.11% | +2.98% |
| Others | Others | 2.47% | ₹73.96 Cr | +0.72% | -0.40% | +0.26% |
| Kirloskar Oil Engines Ltd. | Capital Goods | 2.46% | ₹74.31 Cr | +2.43% | +1.87% | +1.07% |
| Kei Industries Ltd. | Capital Goods | 2.37% | ₹71.63 Cr | +2.39% | +1.36% | +0.61% |
| APL Apollo Tubes Ltd. | Metals & Mining | 2.35% | ₹71.14 Cr | +2.09% | +2.71% | +2.09% |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 2.27% | ₹68.72 Cr | +2.80% | +2.40% | +1.45% |
| Gland Pharma Ltd. | Healthcare | 2.13% | ₹64.53 Cr | +2.20% | +1.90% | +2.09% |
| HDFC Asset Management Company Ltd. | Financial | 2.03% | ₹61.33 Cr | — | — | — |
| ICICI Prudential Life Insurance Company Ltd. | Insurance | 1.90% | ₹57.39 Cr | +1.99% | +2.32% | +2.28% |
| Physicswallah Ltd. | Services | 1.87% | ₹56.70 Cr | +1.85% | +1.41% | — |
| Coal India Ltd. | Materials | 1.80% | ₹54.47 Cr | +2.21% | +2.22% | +2.07% |
| Bharat Petroleum Corporation Ltd. | Energy | 1.67% | ₹50.53 Cr | +1.13% | +1.56% | — |
| UTI Asset Management Company Ltd. | Financial | 1.65% | ₹49.83 Cr | +1.92% | +2.14% | +2.01% |
| Ipca Laboratories Ltd. | Healthcare | 1.63% | ₹49.41 Cr | +1.36% | +1.11% | +1.08% |
| Schaeffler India Ltd. | Capital Goods | 1.61% | ₹48.56 Cr | +1.78% | +3.20% | +3.49% |
| Tube Investments Of India Ltd. | Automobile | 1.61% | ₹48.56 Cr | +1.92% | +1.55% | — |
| Polycab India Ltd. | Capital Goods | 1.60% | ₹48.30 Cr | +1.73% | +1.67% | +1.28% |
| Sudarshan Chemical Industries Ltd. | Chemicals | 1.55% | ₹46.98 Cr | +0.77% | +0.77% | +1.43% |
| Cyient Ltd. | Technology | 1.49% | ₹45.04 Cr | +1.34% | +1.44% | +1.64% |
| Sai Life Sciences Ltd. | Healthcare | 1.43% | ₹43.22 Cr | +1.22% | +1.12% | +0.83% |
| Archean Chemical Industries Ltd. | Chemicals | 1.33% | ₹40.35 Cr | +1.55% | +1.82% | +2.22% |
| Indigo Paints Ltd. | Materials | 1.33% | ₹40.19 Cr | +0.97% | +0.60% | +0.65% |
| Hindustan Aeronautics Ltd. | Capital Goods | 1.28% | ₹38.75 Cr | +0.71% | +0.69% | — |
| Syngene International Ltd. | Healthcare | 1.28% | ₹38.63 Cr | +1.52% | +1.44% | +2.27% |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 1.26% | ₹38.13 Cr | +1.25% | +1.27% | +1.33% |
| Siemens Ltd. | Capital Goods | 1.22% | ₹37.00 Cr | +1.26% | +1.19% | +1.15% |
| Bayer CropScience Ltd. | Chemicals | 1.16% | ₹35.01 Cr | +1.42% | +1.56% | +1.88% |
| PG Electroplast Ltd. | Capital Goods | 1.15% | ₹34.64 Cr | +1.02% | +1.42% | +1.30% |
| Century Plyboards (India) Ltd. | Materials | 1.13% | ₹34.16 Cr | +1.24% | +1.26% | +1.37% |
| Prince Pipes and Fittings Ltd. | Materials | 1.09% | ₹33.01 Cr | +1.05% | +1.07% | +1.46% |
| Emami Ltd. | Consumer Staples | 1.06% | ₹32.20 Cr | +1.26% | +1.55% | +0.85% |
| Cohance Lifesciences Ltd. | Healthcare | 1.04% | ₹31.52 Cr | +1.06% | +0.73% | +1.15% |
| Nippon Life India Asset Management Ltd. | Financial | 1.02% | ₹30.95 Cr | +2.27% | +2.96% | +3.00% |
| Canara HSBC Life Insurance Company Ltd. | Insurance | 1.01% | ₹30.45 Cr | +0.96% | +1.06% | — |
| Jubilant Ingrevia Ltd. | Chemicals | 0.98% | ₹29.65 Cr | +1.01% | +0.98% | +1.30% |
| ITC Ltd. | Consumer Staples | 0.97% | ₹29.30 Cr | +1.17% | +1.36% | +1.92% |
| JNK India Ltd. | Capital Goods | 0.93% | ₹27.99 Cr | +0.85% | +0.58% | +0.78% |
| Hexaware Technologies Ltd. | Technology | 0.91% | ₹27.64 Cr | +0.90% | +0.90% | +1.54% |
| NTPC Ltd. | Energy | 0.87% | ₹26.23 Cr | +1.10% | +1.16% | +1.07% |
| Dodla Dairy Ltd | Consumer Staples | 0.83% | ₹25.21 Cr | +0.90% | +1.03% | +1.30% |
| Gopal Snacks Ltd. | Consumer Staples | 0.82% | ₹24.88 Cr | +0.95% | +1.03% | +1.11% |
| Vardhman Textiles Ltd. | Textiles | 0.81% | ₹24.54 Cr | +0.88% | +0.88% | +0.58% |
| IFGL Refractories Ltd. | Capital Goods | 0.69% | ₹20.91 Cr | +0.59% | +0.62% | +0.91% |
| Tenneco Clean Air India Ltd | Automobile | 0.69% | ₹20.85 Cr | +1.77% | +1.87% | — |
| Seshaasai Technologies Ltd. | Services | 0.63% | ₹19.17 Cr | +0.47% | +0.47% | — |
| Indoco Remedies Ltd. | Healthcare | 0.61% | ₹18.55 Cr | +0.35% | +0.35% | +0.50% |
| IFB Industries Ltd. | Consumer Discretionary | 0.57% | ₹17.28 Cr | +0.61% | +0.57% | +0.82% |
| Nuvama Wealth Management Ltd. | Financial | 0.39% | ₹11.87 Cr | +0.37% | +0.32% | — |
| Alembic Pharmaceuticals Ltd. | Healthcare | 0.35% | ₹10.66 Cr | +0.33% | +0.34% | +0.49% |
| R Systems International Ltd. | Technology | 0.35% | ₹10.62 Cr | +0.41% | +0.47% | +0.81% |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | 0.16% | ₹4.79 Cr | +0.77% | +0.75% | +1.04% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Tenneco Clean Air India Ltd | 1.43% | 0.69% | -0.74% |
| Others | -0.48% | 0.18% | +0.66% |
| Max Financial Services Ltd. | 2.71% | 3.31% | +0.60% |
| Sudarshan Chemical Industries Ltd. | 1.02% | 1.55% | +0.53% |
| HDFC Bank Ltd. | 6.58% | 6.09% | -0.49% |
| Cyient Ltd. | 1.10% | 1.49% | +0.39% |
| APL Apollo Tubes Ltd. | 1.97% | 2.35% | +0.38% |
| Coforge Ltd. | 2.76% | 3.10% | +0.34% |
| Alkem Laboratories Ltd. | 3.32% | 3.00% | -0.32% |
| Kei Industries Ltd. | 2.16% | 2.37% | +0.21% |
| Gland Pharma Ltd. | 2.33% | 2.13% | -0.20% |
| Cipla Ltd. | 2.90% | 2.71% | -0.19% |
| Physicswallah Ltd. | 2.06% | 1.87% | -0.19% |
| Mahindra & Mahindra Ltd. | 3.10% | 2.92% | -0.18% |
| Kirloskar Oil Engines Ltd. | 2.62% | 2.46% | -0.16% |
| Archean Chemical Industries Ltd. | 1.48% | 1.33% | -0.15% |
| Ipca Laboratories Ltd. | 1.48% | 1.63% | +0.15% |
| ICICI Lombard General Insurance Company Ltd. | 2.41% | 2.27% | -0.14% |
| Emami Ltd. | 1.19% | 1.06% | -0.13% |
| Info Edge (India) Ltd. | 2.90% | 3.03% | +0.13% |
| Axis Bank Ltd. | 3.69% | 3.81% | +0.12% |
| ITC Ltd. | 1.09% | 0.97% | -0.12% |
| Crompton Greaves Consumer Electricals Ltd. | 0.28% | 0.16% | -0.12% |
| Jubilant Ingrevia Ltd. | 1.09% | 0.98% | -0.11% |
| Sai Life Sciences Ltd. | 1.32% | 1.43% | +0.11% |
| Bayer CropScience Ltd. | 1.26% | 1.16% | -0.10% |
| UTI Asset Management Company Ltd. | 1.75% | 1.65% | -0.10% |
| Coal India Ltd. | 1.90% | 1.80% | -0.10% |
| Century Plyboards (India) Ltd. | 1.22% | 1.13% | -0.09% |
| PG Electroplast Ltd. | 1.24% | 1.15% | -0.09% |
| Prince Pipes and Fittings Ltd. | 1.00% | 1.09% | +0.09% |
| NTPC Ltd. | 0.94% | 0.87% | -0.07% |
| ICICI Bank Ltd. | 5.69% | 5.63% | -0.06% |
| Schaeffler India Ltd. | 1.67% | 1.61% | -0.06% |
| Cohance Lifesciences Ltd. | 0.99% | 1.04% | +0.05% |
| Siemens Ltd. | 1.17% | 1.22% | +0.05% |
| Apollo Hospitals Enterprise Ltd. | 1.30% | 1.26% | -0.04% |
| Canara HSBC Life Insurance Company Ltd. | 0.97% | 1.01% | +0.04% |
| HDFC Asset Management Company Ltd. | 2.07% | 2.03% | -0.04% |
| ICICI Prudential Life Insurance Company Ltd. | 1.94% | 1.90% | -0.04% |
| Indoco Remedies Ltd. | 0.57% | 0.61% | +0.04% |
| Seshaasai Technologies Ltd. | 0.59% | 0.63% | +0.04% |
| Hexaware Technologies Ltd. | 0.95% | 0.91% | -0.04% |
| Vardhman Textiles Ltd. | 0.85% | 0.81% | -0.04% |
| Hero Motocorp Ltd. | 2.62% | 2.59% | -0.03% |
| R Systems International Ltd. | 0.38% | 0.35% | -0.03% |
| JNK India Ltd. | 0.96% | 0.93% | -0.03% |
| Bharat Petroleum Corporation Ltd. | 1.69% | 1.67% | -0.02% |
| Indigo Paints Ltd. | 1.31% | 1.33% | +0.02% |
| Nippon Life India Asset Management Ltd. | 1.04% | 1.02% | -0.02% |
| Polycab India Ltd. | 1.58% | 1.60% | +0.02% |
| Syngene International Ltd. | 1.26% | 1.28% | +0.02% |
| Nuvama Wealth Management Ltd. | 0.41% | 0.39% | -0.02% |
| Tube Investments Of India Ltd. | 1.63% | 1.61% | -0.02% |
| Dodla Dairy Ltd | 0.82% | 0.83% | +0.01% |
| Gopal Snacks Ltd. | 0.83% | 0.82% | -0.01% |
| Hindustan Aeronautics Ltd. | 1.27% | 1.28% | +0.01% |
| IFB Industries Ltd. | 0.58% | 0.57% | -0.01% |
| IFGL Refractories Ltd. | 0.70% | 0.69% | -0.01% |
| Alembic Pharmaceuticals Ltd. | 0.34% | 0.35% | +0.01% |
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 | ₹5,292 Cr | 2.18% | 11.8% | 10.7% | — |
 Axis Multicap Fund | ₹11,985 Cr | 2.00% | 16.2% | 12.3% | — |
 HSBC Multi Cap Fund | ₹6,503 Cr | 2.05% | 11.9% | 9.9% | — |
 WhiteOak Capital Multi Cap Fund | ₹4,385 Cr | 2.22% | 7.6% | 10.3% | — |
 LIC MF Multi Cap Fund | ₹2,254 Cr | 2.14% | 11.0% | 10.2% | — |
 Bank of India Multi Cap Fund | ₹1,335 Cr | 2.50% | 12.4% | 11.0% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to seek to generate long-term capital appreciation from a portfolio of equity and equity related securities across market capitalization.
Fund managers
- Chirag DagliMr. Dagli has done B. COM and Chartered Accountant.Prior to joining DSP Mutual Fund, he has worked with HDFC AMC, Aviva India Life Insurance Company Ltd., ICICI Securities Ltd., Pioneer Invest Corp, Deutsche Equities, Citigroup Global Markets.
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 months13.81% absolute | ₹60,000 | ₹68,286 | 13.81% | |
| 1 year0.98% annualised | ₹1,20,000 | ₹1,20,639 | 0.53% |
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 Cap Fund?
The NAV of DSP Multi Cap Fund is ₹12.08 as on 25 Sep 2026.
What is the expense ratio of DSP Multi Cap Fund?
The expense ratio of DSP Multi Cap Fund is 2.09% per year.
What is the minimum SIP amount for DSP Multi Cap Fund?
You can start a SIP in DSP Multi Cap Fund with ₹3,000 a month.
Is there a lock-in or exit load on DSP Multi Cap Fund?
Lock-in: None. Exit load: Exit load of 1%, if redeemed within 12 months..
How risky is DSP Multi Cap Fund?
DSP Multi Cap Fund is rated Very High on the SEBI riskometer and belongs to the Multi Cap category.
Which fund house manages DSP Multi Cap Fund?
DSP Multi Cap Fund is managed by DSP Mutual Fund, which runs 60 schemes with ₹2,33,296 Cr under management.