DSP Multi Asset Allocation Fund
DSP Mutual Fund·Multi Asset Allocation·vs Nifty 200 TRI
The manager is markedly defensive, parking over a quarter of assets in cash and reverse repos while maintaining balanced exposure across precious metals and equities through ETFs. The sharp accumulation in TREPS signals cautious sentiment despite elevated cash drag, while the concentrated banking bet on HDFC and Axis suggests conviction in select large-cap stability. These tactical adjustments indicate the manager is bracing for potential volatility rather than pursuing growth, favoring liquidity and quality over broader market participation.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Regular Growth | ₹16.0695 | +1.90% | +0.31% | +6.96% | +20.78% | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
90
Top 5 Weight
27.67%
Top 10 Weight
38.63%
Active Share
—
Large Cap
26.06%
Gini
0.511
What Changed2026-03-31 → 2026-04-30
Holdings: 94 → 93+3 added−4 removed29 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| Citius Transnet Investment Trust | 0.50% |
| Midea Group Company Limited | 0.54% |
| 7.08% Haryana SDL 2039 | 0.26% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | TREPS / Reverse Repo Investments | 12.21% |
| 2 | DSP Gold ETF INF740KA1SW3 | 8.40% |
| 3 | DSP Nifty50 Equial Weight ETF INF740KA1QK2 | 5.69% |
| 4 | HDFC Bank Limited INE040A01034 | 5.43% |
| 5 | GOLD | 4.68% |
| 6 | Axis Bank Limited INE238A01034 | 3.47% |
| 7 | ICICI Bank Limited INE090A01021 | 2.82% |
| 8 | 6.90% GOI 2065 IN0020250018 | 2.31% |
| 9 | Bharti Airtel Limited INE397D01024 | 2.18% |
| 10 | DSP SILVER ETF INF740KA1RE3 | 2.02% |
| 11 | Embassy Office Parks REIT INE041025011 | 1.63% |
| 12 | NVIDIA CORP US67066G1040 | 1.43% |
| 13 | Net Receivables/Payables | 1.31% |
| 14 | 6.48% GOI 2035 IN0020250091 | 1.20% |
| 15 | Infosys Limited INE009A01021 | 1.20% |
| 16 | Larsen & Toubro Limited INE018A01030 | 1.17% |
| 17 | SK Hynix Inc KR7000660001 | 1.15% |
| 18 | Power Grid Corporation of India Limited INE752E01010 | 1.14% |
| 19 | Angel One Limited INE732I01021 | 1.13% |
| 20 | GAIL (India) Limited INE129A01019 | 1.09% |
Sector Allocation
Mutual Funds16.9%
Banks11.7%
Sovereign7.7%
Realty4.5%
Foreign Security3.3%
Telecom - Services3.2%
Auto Components3.0%
IT - Software2.9%
IT - Hardware2.6%
Pharmaceuticals & Biotechnology2.1%
Top 10 sectors by % to NAV. Excludes derivatives.