DSP Flexi Cap Fund
DSP Flexi Cap is heavily tilted toward banking and financial services, with nearly 34% concentrated in the sector—a conviction bet on India's credit cycle and consumption growth. The manager is gradually building cash reserves, now at 8.6%, while simultaneously increasing HDFC Bank and maintaining defensive positioning through reverse repos. Recent portfolio tweaks reveal a preference for quality financials over cyclicals, evident in swapping out Hindalco for a diversified holdings approach.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹110.5130 | -1.06% | — | — | — |
| Regular Growth | ₹98.5450 | -1.14% | -2.96% | +13.80% | +12.13% |
| Direct IDCW | ₹81.2430 | -1.06% | — | — | — |
| Regular IDCW | ₹55.9130 | -1.14% | — | — | — |
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 |
|---|---|
| Multi Commodity Exchange of India Limited | 1.00% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Limited INE090A01021 | 8.26% |
| 2 | TREPS / Reverse Repo Investments | 7.88% |
| 3 | HDFC Bank Limited INE040A01034 | 7.88% |
| 4 | Axis Bank Limited INE238A01034 | 5.05% |
| 5 | State Bank of India INE062A01020 | 3.81% |
| 6 | Cholamandalam Investment and Finance Company Limited INE121A01024 | 3.13% |
| 7 | Bharti Airtel Limited INE397D01024 | 3.04% |
| 8 | Bajaj Finance Limited INE296A01032 | 2.79% |
| 9 | Samvardhana Motherson International Limited INE775A01035 | 2.67% |
| 10 | Mahindra & Mahindra Limited INE101A01026 | 2.36% |
| 11 | Coforge Limited INE591G01025 | 2.15% |
| 12 | Max Financial Services Limited INE180A01020 | 1.98% |
| 13 | Radico Khaitan Limited INE944F01028 | 1.92% |
| 14 | Polycab India Limited INE455K01017 | 1.90% |
| 15 | Century Plyboards (India) Limited INE348B01021 | 1.87% |
| 16 | Cipla Limited INE059A01026 | 1.83% |
| 17 | Infosys Limited INE009A01021 | 1.77% |
| 18 | Bharat Petroleum Corporation Limited INE029A01011 | 1.75% |
| 19 | Kirloskar Oil Engines Limited INE146L01010 | 1.74% |
| 20 | CG Power and Industrial Solutions Limited INE067A01029 | 1.69% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does DSP Flexi Cap Fund hold?
DSP Flexi Cap Fund holds 62 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 28.13% of NAV.
What is the largest holding in DSP Flexi Cap Fund?
The largest position in DSP Flexi Cap Fund is ICICI Bank Limited, accounting for 8.26% of NAV in the Banks sector.
Is DSP Flexi Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.475, DSP Flexi Cap Fund is moderately concentrated. The HHI concentration index is 28,233 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 28.13% of the portfolio.
What is the market cap allocation of DSP Flexi Cap Fund?
Based on SEBI's AMFI classification, DSP Flexi Cap Fund's equity portfolio is split as: Large Cap: 57.36%, Mid Cap: 21.38%, Small Cap: 11.62%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does DSP Flexi Cap Fund invest in most?
DSP Flexi Cap Fund has the highest allocation to Banks (25.71%), Finance (7.84%), IT - Software (6.16%). The fund is invested across 26 sectors in total.
How actively managed is DSP Flexi Cap Fund compared to other Flexi Cap Fund funds?
DSP Flexi Cap Fund has an Active Share of 61.64%, classifying it as "Active Stock Picker" among 41 Flexi Cap Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in DSP Flexi Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, DSP Flexi Cap Fund added 1 new stock (including Multi Commodity Exchange of India Limited) and exited 2 stocks (including Manappuram Finance Limited). Total holding count decreased from 65 to 64 stocks.