DSP Large Cap Fund
DSP Mutual Fund·Large Cap Fund·vs Nifty 100 TRI
DSP Large Cap Fund is heavily concentrated in banking stocks, which now represent 30% of the portfolio and drive its defensive positioning. The manager's recent exit from HCL Technologies and increased weighting in Bharti Airtel signal a shift away from IT toward telecom, while maintaining pharmacy exposure through Cipla. With 10% in cash equivalents and only marginal negative returns despite equity market volatility, the fund appears built for stability over growth—typical of a banker-heavy portfolio in uncertain economic conditions.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹490.0800 | -1.42% | — | — | — | — | — |
| Regular Growth | ₹444.9010 | -1.50% | -6.42% | -8.26% | -4.75% | +13.49% | +11.68% |
| Direct IDCW | ₹26.1890 | -1.42% | — | — | — | — | — |
| Regular IDCW | ₹22.6840 | -1.50% | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
32
Top 5 Weight
35.42%
Top 10 Weight
58.01%
Active Share
—
Large Cap
76.06%
Gini
0.427
What Changed2026-03-31 → 2026-04-30
Holdings: 38 → 35+0 added−3 removed23 weight shifts ≥ 0.1%
| Stock | Weight | |
|---|---|---|
| No new entries this month | ||
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | TREPS / Reverse Repo Investments | 10.15% |
| 2 | HDFC Bank Limited INE040A01034 | 9.29% |
| 3 | ICICI Bank Limited INE090A01021 | 8.23% |
| 4 | ITC Limited INE154A01025 | 7.18% |
| 5 | Axis Bank Limited INE238A01034 | 5.64% |
| 6 | Infosys Limited INE009A01021 | 5.08% |
| 7 | Mahindra & Mahindra Limited INE101A01026 | 5.05% |
| 8 | Kotak Mahindra Bank Limited INE237A01036 | 5.03% |
| 9 | Cipla Limited INE059A01026 | 4.84% |
| 10 | Bharti Airtel Limited INE397D01024 | 4.11% |
| 11 | NTPC Limited INE733E01010 | 3.56% |
| 12 | Samvardhana Motherson International Limited INE775A01035 | 3.15% |
| 13 | HDFC Life Insurance Company Limited INE795G01014 | 2.85% |
| 14 | SBI Life Insurance Company Limited INE123W01016 | 2.65% |
| 15 | Bajaj Finance Limited INE296A01032 | 2.51% |
| 16 | Maruti Suzuki India Limited INE585B01010 | 2.32% |
| 17 | State Bank of India INE062A01020 | 1.80% |
| 18 | Oil & Natural Gas Corporation Limited INE213A01029 | 1.76% |
| 19 | GAIL (India) Limited INE129A01019 | 1.63% |
| 20 | Syngene International Limited INE398R01022 | 1.46% |
Sector Allocation
Banks30.0%
Pharmaceuticals & Biotechnology7.8%
Automobiles7.4%
Insurance7.3%
Diversified FMCG7.2%
Telecom - Services5.4%
IT - Software5.1%
Finance4.3%
Power3.6%
Auto Components3.1%
Top 10 sectors by % to NAV. Excludes derivatives.