DSP Focused Fund
DSP Focused Fund maintains a pronounced banking tilt with over a quarter of assets concentrated in the sector, signaling conviction in financial services' earnings trajectory. The manager modestly reduced cash reserves—redirecting liquidity into HDFC Bank—suggesting confidence in equity valuations despite a muted monthly return. With 53% in the top 10 holdings and only 31 total positions, this concentrated play bets on quality financials and selective quality names to drive returns, accepting higher volatility for conviction-driven outperformance.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹58.4090 | -1.89% | — | — | — |
| Regular Growth | ₹51.8480 | -1.97% | -4.30% | +15.10% | +11.78% |
| Direct IDCW | ₹37.7680 | -1.89% | — | — | — |
| Regular IDCW | ₹19.1360 | -1.97% | — | — | — |
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 | 1.76% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Limited INE090A01021 | 8.71% |
| 2 | HDFC Bank Limited INE040A01034 | 8.31% |
| 3 | TREPS / Reverse Repo Investments | 7.36% |
| 4 | Axis Bank Limited INE238A01034 | 5.25% |
| 5 | Bharti Airtel Limited INE397D01024 | 4.21% |
| 6 | SBI Life Insurance Company Limited INE123W01016 | 4.10% |
| 7 | Cholamandalam Investment and Finance Company Limited INE121A01024 | 4.06% |
| 8 | The Phoenix Mills Limited INE211B01039 | 3.96% |
| 9 | State Bank of India INE062A01020 | 3.55% |
| 10 | Coforge Limited INE591G01025 | 3.38% |
| 11 | Polycab India Limited INE455K01017 | 3.33% |
| 12 | IPCA Laboratories Limited INE571A01038 | 3.26% |
| 13 | Samvardhana Motherson International Limited INE775A01035 | 2.97% |
| 14 | Coromandel International Limited INE169A01031 | 2.97% |
| 15 | Century Plyboards (India) Limited INE348B01021 | 2.91% |
| 16 | Bajaj Finance Limited INE296A01032 | 2.85% |
| 17 | Infosys Limited INE009A01021 | 2.69% |
| 18 | Power Finance Corporation Limited INE134E01011 | 2.65% |
| 19 | Bharat Petroleum Corporation Limited INE029A01011 | 2.56% |
| 20 | Kirloskar Oil Engines Limited INE146L01010 | 2.37% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does DSP Focused Fund hold?
DSP Focused Fund holds 29 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 30.58% of NAV.
What is the largest holding in DSP Focused Fund?
The largest position in DSP Focused Fund is ICICI Bank Limited, accounting for 8.71% of NAV in the Banks sector.
Is DSP Focused Fund a concentrated or diversified fund?
With a Gini coefficient of 0.268, DSP Focused Fund is well-diversified. The HHI concentration index is 37,891 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 30.58% of the portfolio.
What is the market cap allocation of DSP Focused Fund?
Based on SEBI's AMFI classification, DSP Focused Fund's equity portfolio is split as: Large Cap: 58.57%, Mid Cap: 15.41%, Small Cap: 16.20%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does DSP Focused Fund invest in most?
DSP Focused Fund has the highest allocation to Banks (25.82%), Finance (9.56%), IT - Software (8.27%). The fund is invested across 18 sectors in total.
How actively managed is DSP Focused Fund compared to other Focused Fund funds?
DSP Focused Fund has an Active Share of 65.64%, classifying it as "Active Stock Picker" among 27 Focused Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in DSP Focused Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, DSP Focused Fund added 1 new stock (including Multi Commodity Exchange of India Limited) and exited 1 stock (including Cash Margin). Total holding count remained at 31 stocks.