DSP Small Cap Fund
DSP Small Cap Fund is positioning for economic recovery through cyclical exposure, with notable overweights in industrial products and auto components signaling conviction in manufacturing revival. The 1.9 percentage point surge in cash equivalents alongside the exit from IRM Energy suggests the manager is raising defensiveness, possibly ahead of anticipated volatility or while awaiting better entry points in the broader small-cap space. The portfolio remains moderately concentrated at 35.6% in top ten holdings, balancing conviction picks against diversification across 84 stocks.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹201.4380 | +1.03% | +9.39% | +19.66% | +18.83% |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive 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 | |
|---|---|---|
| No new entries this month | ||
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | TREPS / Reverse Repo Investments | 8.39% |
| 2 | Lumax Auto Technologies Limited INE872H01027 | 5.38% |
| 3 | Kirloskar Oil Engines Limited INE146L01010 | 3.57% |
| 4 | Thangamayil Jewellery Limited INE085J01014 | 3.50% |
| 5 | Jubilant Ingrevia Limited INE0BY001018 | 2.79% |
| 6 | Welspun Corp Limited INE191B01025 | 2.66% |
| 7 | Sansera Engineering Limited INE953O01021 | 2.48% |
| 8 | LT Foods Limited INE818H01020 | 2.41% |
| 9 | Dodla Dairy Limited INE021O01019 | 2.30% |
| 10 | Shriram Pistons & Rings Limited INE526E01018 | 2.11% |
| 11 | Triveni Engineering & Industries Limited INE256C01024 | 2.11% |
| 12 | IPCA Laboratories Limited INE571A01038 | 1.80% |
| 13 | Techno Electric & Engineering Company Limited INE285K01026 | 1.79% |
| 14 | eClerx Services Limited INE738I01010 | 1.77% |
| 15 | Voltamp Transformers Limited INE540H01012 | 1.70% |
| 16 | Swaraj Engines Limited INE277A01016 | 1.62% |
| 17 | PRUDENT CORPORATE ADVISORY SERVICES Limited INE00F201020 | 1.59% |
| 18 | Atul Limited INE100A01010 | 1.54% |
| 19 | Archean Chemical Industries Limited INE128X01021 | 1.53% |
| 20 | Harsha Engineers International Limited INE0JUS01029 | 1.51% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does DSP Small Cap Fund hold?
DSP Small Cap Fund holds 81 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 17.90% of NAV.
What is the largest holding in DSP Small Cap Fund?
The largest position in DSP Small Cap Fund is TREPS / Reverse Repo Investments, accounting for 8.39% of NAV.
Is DSP Small Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.376, DSP Small Cap Fund is well-diversified. The HHI concentration index is 16,402 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 17.90% of the portfolio.
What is the market cap allocation of DSP Small Cap Fund?
Based on SEBI's AMFI classification, DSP Small Cap Fund's equity portfolio is split as: Large Cap: 0.00%, Mid Cap: 4.45%, Small Cap: 86.65%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does DSP Small Cap Fund invest in most?
DSP Small Cap Fund has the highest allocation to Industrial Products (15.75%), Auto Components (13.55%), Consumer Durables (12.49%). The fund is invested across 22 sectors in total.
How actively managed is DSP Small Cap Fund compared to other Small Cap Fund funds?
DSP Small Cap Fund has an Active Share of 80.02%, classifying it as "Highly Differentiated" among 31 Small Cap Fund peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in DSP Small Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, DSP Small Cap Fund exited 1 stock (including IRM Energy Limited). Total holding count decreased from 85 to 84 stocks.