DSP Aggressive Hybrid Fund
The fund maintains a defensive equity posture centered on financial services and sovereign bonds, reflecting cautious conviction in large-cap stability amid market uncertainty. This month's shift toward state development loans and tactical cash holdings via TREPS suggests the manager is building flexibility while trimming long-dated government securities, likely positioning for potential rate volatility. The modest 0.3% monthly return and concentrated top-10 exposure signal a quality-focused strategy prioritizing capital preservation over growth in the current environment.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹385.7190 | -0.45% | — | — | — | — | — |
| Regular Growth | ₹340.0870 | -0.53% | -4.66% | -6.26% | -4.19% | +12.33% | +10.70% |
| Direct IDCW | ₹68.9680 | -0.76% | — | — | — | — | — |
| Regular IDCW | ₹26.5320 | -1.34% | — | — | — | — | — |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Asian Paints Limited | 0.90% |
| 7.73% Haryana SDL 2045 | 0.86% |
| 7.72% Uttar Pradesh SDL 2044 | 0.65% |
| 7.08% Haryana SDL 2039 | 0.16% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Limited INE040A01034 | 8.69% |
| 2 | ICICI Bank Limited INE090A01021 | 5.94% |
| 3 | TREPS / Reverse Repo Investments | 4.82% |
| 4 | ITC Limited INE154A01025 | 4.49% |
| 5 | 6.90% GOI 2065 IN0020250018 | 4.12% |
| 6 | Cipla Limited INE059A01026 | 3.89% |
| 7 | Axis Bank Limited INE238A01034 | 3.73% |
| 8 | Mahindra & Mahindra Limited INE101A01026 | 3.62% |
| 9 | Kotak Mahindra Bank Limited INE237A01036 | 3.61% |
| 10 | SBI Life Insurance Company Limited INE123W01016 | 2.52% |
| 11 | DSP Short Term Fund INF740K01NJ5 | 2.30% |
| 12 | Samvardhana Motherson International Limited INE775A01035 | 2.28% |
| 13 | Infosys Limited INE009A01021 | 2.25% |
| 14 | 7.59% Chattisgarh SDL 2046 IN3520250058 | 1.94% |
| 15 | Emami Limited INE548C01032 | 1.80% |
| 16 | HDFC Life Insurance Company Limited INE795G01014 | 1.57% |
| 17 | Maruti Suzuki India Limited INE585B01010 | 1.55% |
| 18 | Torrent Pharmaceuticals Limited** INE685A07173 | 1.52% |
| 19 | 8.51% GOI FRB 2033 IN0020200120 | 1.36% |
| 20 | Alkem Laboratories Limited INE540L01014 | 1.32% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.