DSP Small Cap Fund

DSP Mutual Fund·Small Cap Fund·vs Nifty Smallcap 250 TRI

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	3M	6M	1Y	3Y CAGR	5Y CAGR
Regular Growth	₹201.6150	+4.06%	+3.31%	+1.63%	+12.05%	+19.86%	+18.85%

Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings

Top 5 Weight

17.90%

Top 10 Weight

29.31%

Active Share

—

Large Cap

0.00%

Gini

0.376

What Changed2026-03-31 → 2026-04-30

Holdings: 85 → 84+0 added−1 removed24 weight shifts ≥ 0.1%

Stock	Sector	Weight
No new entries this month

Full Holdings

#	Holding	Sector	Class	% to NAV
1	TREPS / Reverse Repo Investments		CASH_EQUIVALENT	8.39%
2	Lumax Auto Technologies Limited INE872H01027	Auto Components	EQUITY	5.38%
3	Kirloskar Oil Engines Limited INE146L01010	Industrial Products	EQUITY	3.57%
4	Thangamayil Jewellery Limited INE085J01014	Consumer Durables	EQUITY	3.50%
5	Jubilant Ingrevia Limited INE0BY001018	Chemicals & Petrochemicals	EQUITY	2.79%
6	Welspun Corp Limited INE191B01025	Industrial Products	EQUITY	2.66%
7	Sansera Engineering Limited INE953O01021	Auto Components	EQUITY	2.48%
8	LT Foods Limited INE818H01020	Agricultural Food & other Products	EQUITY	2.41%
9	Dodla Dairy Limited INE021O01019	Food Products	EQUITY	2.30%
10	Shriram Pistons & Rings Limited INE526E01018	Auto Components	EQUITY	2.11%
11	Triveni Engineering & Industries Limited INE256C01024	Agricultural Food & other Products	EQUITY	2.11%
12	IPCA Laboratories Limited INE571A01038	Pharmaceuticals & Biotechnology	EQUITY	1.80%
13	Techno Electric & Engineering Company Limited INE285K01026	Construction	EQUITY	1.79%
14	eClerx Services Limited INE738I01010	Commercial Services & Supplies	EQUITY	1.77%
15	Voltamp Transformers Limited INE540H01012	Electrical Equipment	EQUITY	1.70%
16	Swaraj Engines Limited INE277A01016	Industrial Products	EQUITY	1.62%
17	PRUDENT CORPORATE ADVISORY SERVICES Limited INE00F201020	Capital Markets	EQUITY	1.59%
18	Atul Limited INE100A01010	Chemicals & Petrochemicals	EQUITY	1.54%
19	Archean Chemical Industries Limited INE128X01021	Chemicals & Petrochemicals	EQUITY	1.53%
20	Harsha Engineers International Limited INE0JUS01029	Industrial Products	EQUITY	1.51%

Sector Allocation

Industrial Products15.8%

Auto Components13.6%

Consumer Durables12.5%

Chemicals & Petrochemicals8.2%

Pharmaceuticals & Biotechnology7.3%

Agricultural Food & other Products4.5%

Fertilizers & Agrochemicals3.3%

Capital Markets3.0%

Construction2.8%

Electrical Equipment2.6%

Top 10 sectors by % to NAV. Excludes derivatives.