DSP Regular Savings Fund
DSP Regular Savings Fund remains a conservative, credit-quality-focused vehicle with over half its portfolio anchored in sovereign debt and nearly three-quarters in fixed income. The manager's recent shift—extending duration through the new 2035 GOI bond while significantly raising cash proxies via TREPS—signals confidence in rate stability and a defensive posture heading into a potentially volatile period. The concentrated top-10 holdings (62% of assets) and minimal equity exposure (19%) reinforce its suitability for capital preservation rather than growth, with monthly returns reflecting the subdued fixed-income environment.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹67.8686 | -0.08% | — | — | — |
| Regular Growth | ₹59.9334 | -0.13% | +2.55% | +8.97% | +7.55% |
| Direct IDCW | ₹14.0948 | -0.60% | — | — | — |
| Direct IDCW | ₹13.9342 | -0.08% | — | — | — |
| Regular IDCW | ₹10.9871 | -0.80% | — | — | — |
| Regular IDCW | ₹11.3167 | -0.13% | — | — | — |
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 |
|---|---|
| 6.48% GOI 2035 | 5.40% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | 7.32% GOI 2030 IN0020230135 | 11.82% |
| 2 | 8.51% GOI FRB 2033 IN0020200120 | 8.77% |
| 3 | 7.03% Maharashtra SDL 2038 IN2220250103 | 8.11% |
| 4 | 7.06% GOI 2028 IN0020230010 | 5.69% |
| 5 | 6.48% GOI 2035 IN0020250091 | 5.40% |
| 6 | Small Industries Development Bank of India** INE556F16BX0 | 5.30% |
| 7 | IDFC First Bank Limited** INE092T16ZD8 | 5.28% |
| 8 | TREPS / Reverse Repo Investments | 4.64% |
| 9 | Muthoot Finance Limited** INE414G07JU8 | 4.19% |
| 10 | Cholamandalam Investment and Finance Company Limited** INE121A07SH0 | 2.95% |
| 11 | 4.59% GOI 2031 IN0020180041 | 2.94% |
| 12 | 7.02% GOI 2031 IN0020240076 | 2.89% |
| 13 | HDFC Bank Limited INE040A01034 | 2.89% |
| 14 | 5.74% GOI 2026 IN0020210186 | 2.87% |
| 15 | 7.10% GOI 2029 IN0020220011 | 2.85% |
| 16 | 7.10% GOI 2034 IN0020240019 | 2.82% |
| 17 | HDFC Bank Limited** INE040A16IK8 | 2.65% |
| 18 | ICICI Bank Limited INE090A01021 | 1.56% |
| 19 | ITC Limited INE154A01025 | 1.31% |
| 20 | Cipla Limited INE059A01026 | 1.19% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does DSP Regular Savings Fund hold?
DSP Regular Savings Fund holds 49 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 39.79% of NAV.
What is the largest holding in DSP Regular Savings Fund?
The largest position in DSP Regular Savings Fund is 7.32% GOI 2030, accounting for 11.82% of NAV in the Sovereign sector.
Is DSP Regular Savings Fund a concentrated or diversified fund?
With a Gini coefficient of 0.614, DSP Regular Savings Fund is moderately concentrated. The HHI concentration index is 49,625 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 39.79% of the portfolio.
What is the market cap allocation of DSP Regular Savings Fund?
Based on SEBI's AMFI classification, DSP Regular Savings Fund's equity portfolio is split as: Large Cap: 12.35%, Mid Cap: 1.88%, Small Cap: 3.36%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does DSP Regular Savings Fund invest in most?
DSP Regular Savings Fund has the highest allocation to Sovereign (54.33%), CRISIL A1+ (13.23%), Banks (6.43%). The fund is invested across 22 sectors in total.
How actively managed is DSP Regular Savings Fund compared to other Conservative Hybrid Fund funds?
DSP Regular Savings Fund has an Active Share of 82.71%, classifying it as "Highly Differentiated" among 16 Conservative Hybrid Fund peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in DSP Regular Savings Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, DSP Regular Savings Fund added 1 new stock (including 6.48% GOI 2035) and exited 4 stocks (including Emcure Pharmaceuticals Limited). Total holding count decreased from 54 to 51 stocks.