DSP Multi Asset Allocation Fund
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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹16.1524 | +0.85% | +20.59% | — | — |
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 |
|---|---|
| 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
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does DSP Multi Asset Allocation Fund hold?
DSP Multi Asset Allocation Fund holds 90 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 27.67% of NAV.
What is the largest holding in DSP Multi Asset Allocation Fund?
The largest position in DSP Multi Asset Allocation Fund is TREPS / Reverse Repo Investments, accounting for 12.21% of NAV.
Is DSP Multi Asset Allocation Fund a concentrated or diversified fund?
With a Gini coefficient of 0.511, DSP Multi Asset Allocation Fund is moderately concentrated. The HHI concentration index is 22,891 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 27.67% of the portfolio.
What is the market cap allocation of DSP Multi Asset Allocation Fund?
Based on SEBI's AMFI classification, DSP Multi Asset Allocation Fund's equity portfolio is split as: Large Cap: 26.06%, Mid Cap: 4.83%, Small Cap: 3.81%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does DSP Multi Asset Allocation Fund invest in most?
DSP Multi Asset Allocation Fund has the highest allocation to Mutual Funds (16.95%), Banks (11.72%), Sovereign (7.71%). The fund is invested across 36 sectors in total.
How actively managed is DSP Multi Asset Allocation Fund compared to other Multi Asset Allocation funds?
DSP Multi Asset Allocation Fund has an Active Share of 65.79%, classifying it as "Active Stock Picker" among 32 Multi Asset Allocation peers. This indicates a moderate level of differentiation from category peers.
What changed in DSP Multi Asset Allocation Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, DSP Multi Asset Allocation Fund added 3 new stocks (including Citius Transnet Investment Trust) and exited 4 stocks (including SILVER). Total holding count decreased from 94 to 93 stocks.