DSP Flexi Cap Fund
DSP Mutual Fund·Flexi Cap Fund·vs Nifty 500 TRI
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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹109.4680 | -0.09% | — | — | — | — | — |
| Regular Growth | ₹97.6160 | -0.18% | -6.05% | -7.31% | -2.41% | +13.54% | +11.92% |
| Direct IDCW | ₹80.4750 | -0.09% | — | — | — | — | — |
| Regular IDCW | ₹55.3860 | -0.18% | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
62
Top 5 Weight
28.13%
Top 10 Weight
41.14%
Active Share
—
Large Cap
57.36%
Gini
0.475
What Changed2026-03-31 → 2026-04-30
Holdings: 65 → 64+1 added−2 removed29 weight shifts ≥ 0.1%
| 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
Banks25.7%
Finance7.8%
IT - Software6.2%
Pharmaceuticals & Biotechnology5.7%
Auto Components5.7%
Industrial Products5.3%
Telecom - Services4.5%
Insurance4.4%
Consumer Durables3.8%
Capital Markets3.1%
Top 10 sectors by % to NAV. Excludes derivatives.