DSP Arbitrage fund
The fund maintains its defensive arbitrage positioning with banking stocks anchoring two-thirds of equity exposure, while the substantial mutual fund holding signals tactical liquidity management. The 11 new additions across energy, industrials, and aviation suggest the manager is opportunistically capturing mispricing in cyclical sectors likely benefiting from near-term economic acceleration. The simultaneous exit from IT and consumer durables reflects conviction that these segments face near-term headwinds, with the portfolio increasingly tilted toward value plays and rate-sensitive financials.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹15.6730 | +0.24% | +5.76% | +6.72% | +5.82% |
Portfolio Metrics(latest month)
vs Category Peers
Balanced ApproachActive 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 |
|---|---|
| Bharat Petroleum Corporation Limited | 0.04% |
| Supreme Industries Limited | 0.03% |
| Adani Power Limited | 0.03% |
| Interglobe Aviation Limited | 0.01% |
| Cummins India Limited | 0.01% |
| HDFC Bank Limited | 0.74% |
| Small Industries Development Bank of India** | 0.72% |
| Indian Bank** | 0.44% |
| Axis Bank Limited** | 0.37% |
| Small Industries Development Bank of India** | 0.36% |
| National Bank for Agriculture and Rural Development | 0.36% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | DSP Savings Fund - Direct Plan - Growth INF740K01NU2 | 10.98% |
| 2 | HDFC Bank Limited INE040A01034 | 5.25% |
| 3 | ICICI Bank Limited INE090A01021 | 3.23% |
| 4 | Reliance Industries Limited INE002A01018 | 2.89% |
| 5 | Kotak Mahindra Bank Limited INE237A01036 | 2.41% |
| 6 | Canara Bank** INE476A16G02 | 2.19% |
| 7 | Bharti Airtel Limited INE397D01024 | 2.17% |
| 8 | ITC Limited INE154A01025 | 2.10% |
| 9 | Vodafone Idea Limited INE669E01016 | 2.00% |
| 10 | 364 DAYS T-BILL 2027 IN002025Z484 | 1.83% |
| 11 | TREPS / Reverse Repo Investments | 1.61% |
| 12 | JSW Steel Limited INE019A01038 | 1.56% |
| 13 | Axis Bank Limited INE238A01034 | 1.35% |
| 14 | Bharat Heavy Electricals Limited INE257A01026 | 1.29% |
| 15 | Punjab National Bank INE160A01022 | 1.28% |
| 16 | Tata Power Company Limited INE245A01021 | 1.22% |
| 17 | Bharat Electronics Limited INE263A01024 | 1.19% |
| 18 | Multi Commodity Exchange of India Limited INE745G01043 | 1.18% |
| 19 | Bajaj Housing Finance Limited** INE377Y07557 | 1.16% |
| 20 | GMR Airports Limited INE776C01039 | 1.15% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does DSP Arbitrage fund hold?
DSP Arbitrage fund holds 157 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 24.76% of NAV.
What is the largest holding in DSP Arbitrage fund?
The largest position in DSP Arbitrage fund is DSP Savings Fund - Direct Plan - Growth, accounting for 10.98% of NAV in the Mutual Funds sector.
Is DSP Arbitrage fund a concentrated or diversified fund?
With a Gini coefficient of 0.576, DSP Arbitrage fund is moderately concentrated. The HHI concentration index is 24,044 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 24.76% of the portfolio.
What is the market cap allocation of DSP Arbitrage fund?
Based on SEBI's AMFI classification, DSP Arbitrage fund's equity portfolio is split as: Large Cap: 42.51%, Mid Cap: 15.61%, Small Cap: 5.53%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does DSP Arbitrage fund invest in most?
DSP Arbitrage fund has the highest allocation to Banks (18.64%), CRISIL A1+ (12.22%), Mutual Funds (10.98%). The fund is invested across 46 sectors in total.
How actively managed is DSP Arbitrage fund compared to other Arbitrage Fund funds?
DSP Arbitrage fund has an Active Share of 46.96%, classifying it as "Balanced Approach" among 34 Arbitrage Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in DSP Arbitrage fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, DSP Arbitrage fund added 11 new stocks (including Bharat Petroleum Corporation Limited) and exited 16 stocks (including Tata Consultancy Services Limited). Total holding count decreased from 164 to 159 stocks.