DSP Equity Savings Fund
The fund is defensively positioned with over two-thirds equity exposure anchored in large-cap banks and government securities, aiming for stable returns with moderate downside protection. The manager is rotating away from concentrated bets on HDFC Bank and selective auto and pharma holdings, while adding tactical hedges through index puts and recalibrating towards sector diversification. This signals cautious optimism but wariness of near-term volatility, keeping the portfolio liquid and nimble rather than aggressively growth-oriented.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹24.9530 | — | — | — | — |
| Regular Growth | ₹22.1000 | -0.01% | +1.88% | +9.07% | +8.17% |
| Direct IDCW | ₹17.2720 | — | — | — | — |
| Direct IDCW | ₹17.1870 | — | — | — | — |
| Direct IDCW | ₹13.5440 | — | — | — | — |
| Regular IDCW | ₹12.0350 | — | — | — | — |
| Regular IDCW | ₹13.5650 | — | — | — | — |
| Regular IDCW | ₹13.5660 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive 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 |
|---|---|
| Bank of Baroda | 0.98% |
| Punjab National Bank | 0.68% |
| TVS Motor Company Limited | 0.18% |
| NIFTY 23000 Put Jun26 | 0.29% |
| NIFTY 22500 Put Jun26 | 0.04% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Limited INE040A01034 | 4.77% |
| 2 | Reliance Industries Limited INE002A01018 | 3.25% |
| 3 | TREPS / Reverse Repo Investments | 3.12% |
| 4 | Axis Bank Limited INE238A01034 | 3.03% |
| 5 | ICICI Bank Limited INE090A01021 | 3.01% |
| 6 | HDFC Bank Limited INE040A01034 | 2.77% |
| 7 | 8.51% GOI FRB 2033 IN0020200120 | 2.51% |
| 8 | Mahindra & Mahindra Limited INE101A01026 | 2.49% |
| 9 | ITC Limited INE154A01025 | 2.32% |
| 10 | Cipla Limited INE059A01026 | 2.07% |
| 11 | Bharti Airtel Limited INE397D01024 | 1.91% |
| 12 | 7.38% GOI 2027 IN0020220037 | 1.91% |
| 13 | Bajaj Finance Limited INE296A01032 | 1.76% |
| 14 | Kotak Mahindra Bank Limited INE237A01036 | 1.70% |
| 15 | Larsen & Toubro Limited INE018A01030 | 1.66% |
| 16 | Titan Company Limited INE280A01028 | 1.60% |
| 17 | Hindalco Industries Limited INE038A01020 | 1.58% |
| 18 | Vodafone Idea Limited INE669E01016 | 1.57% |
| 19 | Sun Pharmaceutical Industries Limited INE044A01036 | 1.52% |
| 20 | Indus Towers Limited INE121J01017 | 1.47% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does DSP Equity Savings Fund hold?
DSP Equity Savings Fund holds 114 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 16.83% of NAV.
What is the largest holding in DSP Equity Savings Fund?
The largest position in DSP Equity Savings Fund is HDFC Bank Limited, accounting for 4.77% of NAV in the Banks sector.
Is DSP Equity Savings Fund a concentrated or diversified fund?
With a Gini coefficient of 0.496, DSP Equity Savings Fund is moderately concentrated. The HHI concentration index is 15,442 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 16.83% of the portfolio.
What is the market cap allocation of DSP Equity Savings Fund?
Based on SEBI's AMFI classification, DSP Equity Savings Fund's equity portfolio is split as: Large Cap: 49.54%, Mid Cap: 7.55%, Small Cap: 5.90%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does DSP Equity Savings Fund invest in most?
DSP Equity Savings Fund has the highest allocation to Banks (21.21%), Sovereign (9.93%), CRISIL AAA (8.86%). The fund is invested across 35 sectors in total.
How actively managed is DSP Equity Savings Fund compared to other Equity Savings funds?
DSP Equity Savings Fund has an Active Share of 56.12%, classifying it as "Active Stock Picker" among 23 Equity Savings peers. This indicates a moderate level of differentiation from category peers.
What changed in DSP Equity Savings Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, DSP Equity Savings Fund added 5 new stocks (including Bank of Baroda) and exited 7 stocks (including Tata Consultancy Services Limited). Total holding count increased from 107 to 117 stocks.