DSP Focused Fund
DSP Mutual Fund·Focused Fund·vs Nifty 500 TRI
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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹57.9610 | -0.58% | — | — | — | — | — |
| Regular Growth | ₹51.4520 | -0.67% | -7.13% | -7.83% | -3.54% | +15.00% | +11.61% |
| Direct IDCW | ₹37.4780 | -0.58% | — | — | — | — | — |
| Regular IDCW | ₹18.9890 | -0.67% | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
29
Top 5 Weight
30.58%
Top 10 Weight
48.86%
Active Share
—
Large Cap
58.57%
Gini
0.268
What Changed2026-03-31 → 2026-04-30
Holdings: 31 → 31+1 added−1 removed22 weight shifts ≥ 0.1%
| 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
Banks25.8%
Finance9.6%
IT - Software8.3%
Industrial Products5.7%
Consumer Durables4.9%
Pharmaceuticals & Biotechnology4.4%
Telecom - Services4.2%
Capital Markets4.1%
Insurance4.1%
Realty4.0%
Top 10 sectors by % to NAV. Excludes derivatives.