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Funds/DSP Dynamic Asset Allocation Fund

DSP Dynamic Asset Allocation Fund

DSP Mutual Fund·Dynamic Asset Allocation Fund·vs CRISIL Hybrid 50+50

The manager has aggressively tilted toward equities at 67%, signaling conviction in market upside, while maintaining a defensive banking and gilt-heavy core that represents over half the portfolio. The month's notable exits from cyclicals like Vedanta and Adani Ports, combined with reductions in top bank holdings, suggest a tactical pullback on valuation concerns despite the overall equity overweight. This balanced repositioning—adding resilient auto exposure while trimming stretched financials—indicates the manager is managing between growth ambitions and near-term caution.

Portfolio analysis · April 2026

PlanNAV1M1Y3Y CAGR5Y CAGR
Direct Growth₹32.4450-0.44%
Regular Growth₹28.0320-0.54%+2.69%+10.80%+8.45%
Direct IDCW₹16.6330-0.95%
Regular IDCW₹13.9320-1.07%
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Holdings
86
Top 5 Weight
20.17%
Top 10 Weight
30.09%
Max Position
5.42%
Conviction Bets
7
Gini
0.357
Large Cap
52.42%
Mid Cap
3.69%
Small Cap
8.10%
Top Sector
Banks
Sector Count
32
HHI (bps)
17,549
Active Stock Picker
Active Share
65.32%
vs peer portfolio
Weight Overlap
30.28%
with avg peer
Cosine Similarity
0.693
portfolio angle
Peer Count
35
funds in category

Active Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.

Holdings: 8889+1 added4 removed41 weight shifts ≥ 0.1%
StockWeight
Hyundai Motor India Limited0.26%
#Holding% to NAV
1
ICICI Bank Limited
INE090A01021
5.42%
2
HDFC Bank Limited
INE040A01034
4.97%
3
HDFC Bank Limited
INE040A01034
3.72%
4
7.32% GOI 2030
IN0020230135
3.03%
5
Axis Bank Limited
INE238A01034
3.03%
6
TREPS / Reverse Repo Investments
3.02%
7
Tata Power Company Limited
INE245A01021
2.24%
8
Bandhan Bank Limited
INE545U01014
2.12%
9
Mahindra & Mahindra Limited
INE101A01026
1.88%
10
Hindustan Aeronautics Limited
INE066F01020
1.85%
11
ICICI Bank Limited
INE090A01021
1.83%
12
7.06% GOI 2028
IN0020230010
1.67%
13
Bharti Airtel Limited
INE397D01024
1.66%
14
LG Electronics India Limited
INE324D01010
1.64%
15
Kotak Mahindra Bank Limited
INE237A01036
1.60%
16
State Bank of India
INE062A01020
1.57%
17
State Bank of India
INE062A01020
1.52%
18
Titan Company Limited
INE280A01028
1.51%
19
Mankind Pharma Limited
INE634S01028
1.45%
20
National Bank for Agriculture and Rural Development
INE261F08EO7
1.42%
Banks28.5%
CRISIL AAA14.3%
Sovereign8.1%
Consumer Durables4.5%
Insurance4.4%
Finance3.6%
Power3.5%
CRISIL AA+2.8%
Pharmaceuticals & Biotechnology2.8%
Aerospace & Defense2.4%

Top 10 sectors by % to NAV. Excludes derivatives.

How many stocks does DSP Dynamic Asset Allocation Fund hold?

DSP Dynamic Asset Allocation Fund holds 86 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 20.17% of NAV.

What is the largest holding in DSP Dynamic Asset Allocation Fund?

The largest position in DSP Dynamic Asset Allocation Fund is ICICI Bank Limited, accounting for 5.42% of NAV in the Banks sector.

Is DSP Dynamic Asset Allocation Fund a concentrated or diversified fund?

With a Gini coefficient of 0.357, DSP Dynamic Asset Allocation Fund is well-diversified. The HHI concentration index is 17,549 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 20.17% of the portfolio.

What is the market cap allocation of DSP Dynamic Asset Allocation Fund?

Based on SEBI's AMFI classification, DSP Dynamic Asset Allocation Fund's equity portfolio is split as: Large Cap: 52.42%, Mid Cap: 3.69%, Small Cap: 8.10%. This reflects the fund's positioning within the market cap spectrum.

Which sectors does DSP Dynamic Asset Allocation Fund invest in most?

DSP Dynamic Asset Allocation Fund has the highest allocation to Banks (28.46%), CRISIL AAA (14.32%), Sovereign (8.09%). The fund is invested across 32 sectors in total.

How actively managed is DSP Dynamic Asset Allocation Fund compared to other Dynamic Asset Allocation Fund funds?

DSP Dynamic Asset Allocation Fund has an Active Share of 65.32%, classifying it as "Active Stock Picker" among 35 Dynamic Asset Allocation Fund peers. This indicates a moderate level of differentiation from category peers.

What changed in DSP Dynamic Asset Allocation Fund's portfolio in the latest month?

Between 2026-03-31 and 2026-04-30, DSP Dynamic Asset Allocation Fund added 1 new stock (including Hyundai Motor India Limited) and exited 4 stocks (including Vedanta Limited). Total holding count increased from 88 to 89 stocks.