DSP Multicap Fund
DSP Mutual Fund·Multi Cap Fund·vs Nifty 500 Multicap 50:25:25 TRI
DSP Multicap is tilted toward financial services and industrials, betting on stability over growth with banks commanding nearly 14 percent of the portfolio. The manager's sharp increase in cash equivalents signals caution, likely reflecting elevated valuations or near-term uncertainty, while selective exits from consumer discretionary names suggest de-risking. The 65-stock holding across 8 major sectors indicates a balanced approach, though top-10 concentration at 35 percent raises questions about conviction depth versus diversification.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Regular Growth | ₹11.6490 | +4.01% | -0.43% | -4.47% | +1.66% | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
63
Top 5 Weight
19.30%
Top 10 Weight
31.44%
Active Share
—
Large Cap
31.29%
Gini
0.329
What Changed2026-03-31 → 2026-04-30
Holdings: 68 → 65+0 added−3 removed32 weight shifts ≥ 0.1%
| Stock | Weight | |
|---|---|---|
| No new entries this month | ||
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | TREPS / Reverse Repo Investments | 5.62% |
| 2 | HDFC Bank Limited INE040A01034 | 5.29% |
| 3 | Axis Bank Limited INE238A01034 | 4.12% |
| 4 | ICICI Bank Limited INE090A01021 | 3.96% |
| 5 | Nippon Life India Asset Management Limited INE298J01013 | 3.10% |
| 6 | ICICI Lombard General Insurance Company Limited INE765G01017 | 2.83% |
| 7 | Hero MotoCorp Limited INE158A01026 | 2.68% |
| 8 | Max Financial Services Limited INE180A01020 | 2.53% |
| 9 | Coal India Limited INE522F01014 | 2.39% |
| 10 | Cipla Limited INE059A01026 | 2.28% |
| 11 | Welspun Corp Limited INE191B01025 | 2.26% |
| 12 | APL Apollo Tubes Limited INE702C01027 | 2.23% |
| 13 | Kirloskar Oil Engines Limited INE146L01010 | 2.20% |
| 14 | ICICI Prudential Life Insurance Company Limited INE726G01019 | 2.09% |
| 15 | UTI Asset Management Company Limited INE094J01016 | 1.99% |
| 16 | Physicswallah Limited INE0LP301011 | 1.94% |
| 17 | Tenneco Clean Air India Limited INE19RI01016 | 1.93% |
| 18 | Archean Chemical Industries Limited INE128X01021 | 1.85% |
| 19 | Tube Investments of India Limited INE974X01010 | 1.85% |
| 20 | Coforge Limited INE591G01025 | 1.84% |
Sector Allocation
Banks13.8%
Industrial Products12.6%
Pharmaceuticals & Biotechnology9.3%
Insurance8.5%
Auto Components5.6%
Capital Markets5.4%
Consumer Durables4.4%
Automobiles4.3%
Chemicals & Petrochemicals3.8%
IT - Software3.1%
Top 10 sectors by % to NAV. Excludes derivatives.