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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹389.6650 | -0.71% | — | — | — |
| Regular Growth | ₹343.5570 | -0.79% | -4.05% | +12.62% | +10.93% |
| Direct IDCW | ₹69.6730 | -1.02% | — | — | — |
| Regular IDCW | ₹26.8030 | -1.59% | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
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.
Frequently Asked Questions
How many stocks does DSP Aggressive Hybrid Fund hold?
DSP Aggressive Hybrid Fund holds 87 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 27.13% of NAV.
What is the largest holding in DSP Aggressive Hybrid Fund?
The largest position in DSP Aggressive Hybrid Fund is HDFC Bank Limited, accounting for 8.69% of NAV in the Banks sector.
Is DSP Aggressive Hybrid Fund a concentrated or diversified fund?
With a Gini coefficient of 0.543, DSP Aggressive Hybrid Fund is moderately concentrated. The HHI concentration index is 27,179 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 27.13% of the portfolio.
What is the market cap allocation of DSP Aggressive Hybrid Fund?
Based on SEBI's AMFI classification, DSP Aggressive Hybrid Fund's equity portfolio is split as: Large Cap: 48.58%, Mid Cap: 9.03%, Small Cap: 9.19%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does DSP Aggressive Hybrid Fund invest in most?
DSP Aggressive Hybrid Fund has the highest allocation to Banks (22.67%), Sovereign (13.41%), Pharmaceuticals & Biotechnology (7.85%). The fund is invested across 30 sectors in total.
How actively managed is DSP Aggressive Hybrid Fund compared to other Aggressive Hybrid Fund funds?
DSP Aggressive Hybrid Fund has an Active Share of 71.20%, classifying it as "Highly Differentiated" among 28 Aggressive Hybrid Fund peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in DSP Aggressive Hybrid Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, DSP Aggressive Hybrid Fund added 4 new stocks (including Asian Paints Limited) and exited 5 stocks (including Emcure Pharmaceuticals Limited). Total holding count decreased from 90 to 89 stocks.