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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹67.6656 | +0.69% | — | — | — | — | — |
| Regular Growth | ₹59.7552 | +0.63% | -0.22% | +0.10% | +2.58% | +8.91% | +7.48% |
| Direct IDCW | ₹14.0526 | +0.17% | — | — | — | — | — |
| Direct IDCW | ₹13.8925 | +0.69% | — | — | — | — | — |
| Regular IDCW | ₹10.9544 | -0.04% | — | — | — | — | — |
| Regular IDCW | ₹11.2830 | +0.63% | — | — | — | — | — |
Portfolio Metrics(latest month)
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.