DSP Business Cycle Fund
Plan type

	CAGR since inception

Scheme Type:

Equity – Thematic

Scheme Risk:
Very High Risk
Age:
7 months since Dec 17, 2024
AUM:
Rs. 1,134.09 crores as of Jul 31, 2025
Horizon:
10 Years+
Benchmark:
NIFTY 500 TRI
Benchmark Risk:
Very High Risk
Goal:
Capital Growth & Income

Scheme features

Performance

Cumulative returns

Returns from of Rs. invested

Show:

Annualized Returns

Absolute Returns

This scheme		NIFTY 500 T…	NIFTY 50 TR…	Gold	PPF
NA	vs	NA	NA	NA	NA
NA	vs	NA	NA	NA	NA

Scheme disclaimers »

Returns calculator

	This scheme	NIFTY 500 T… ^#	NIFTY 50 TR… ^#	Gold	PPF
# Returns do not reflect any income distribution cum capital withdrawal (IDCW) distribution

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Returns summary

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Rolling returns

	1 Year	3 Years	5 Years	10 Years
# Rolling returns have been calculated based on returns from regular plan growth option.

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Fund Managers

Vinit Sambre

Total work experience of 27 years. Managing this fund since August 2025. See all funds managed by Vinit Sambre »

Investment Objective

The investment objective of the scheme is to provide long-term capital appreciation by investing in equity and equity related securities with a focus on riding business cycles through dynamic allocation across various sectors / themes / stocks a ...more

Scheme Documents

KIM & Application

Historical Returns

In SEBI format

Comparative performance of DSP Business Cycle Fund as of
	DSP Business Cycle …	NIFTY 500 T… ^{^}	NIFTY 50 TR… ^#
Click here to view the information ratio of the scheme. Date of allotment: Dec 17, 2024. Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan. Since inception returns have been calculated from the date of allotment till June 28, 2013 See all funds managed by Vinit Sambre » Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments ^ Fund Benchmark # Additional Benchmark

Scheme disclaimers »

Portfolio as of Jul 31, 2025

Equity

Market capitalization

No data to display

Sector allocation

No data to display

Top 5 stocks by holding
Name	% of Net Assets
POWER GRID CORPORATION OF INDIA LIMITED	5.87%
STATE BANK OF INDIA	5.22%
NTPC LIMITED	5.2%
AXIS BANK LIMITED	4.31%
MULTI COMMODITY EXCHANGE OF INDIA LIMITED	4.3%
See detailed equity holdings »

Debt & debt instruments

Credit rating profile

No data to display

Instrument break-up

No data to display

Top instruments by holding
Name	% of Net Assets
TREPS / REVERSE REPO INVESTMENTS	7.32%
See detailed debt holdings »

Other information

Minimum Investment

Rs. 100 Lumpsum
Rs. 100 SIP– 12 instalments
Rs. 100 Minimum Additional Purchase

Exit load

0.5% If redeemed between 0 - 1 Months

Prescribed Asset Allocation

80% - 100% Equity and Equity related ins…
0% - 20% Equity and Equity related ins…

See complete asset allocation »

Current Asset Allocation as of Jul 31, 2025

Equity & equity related securities 92.63% (92.63}%)
Debt Instruments see breakup 7.32% (7.32}%)

Indicators

Portfolio turnover ratio last 12 months
0.10

Vinit Sambre

Vinit joined DSPAM in July 2007, as Portfolio Analyst for the firm's Portfolio Management Services (PMS) division, which manages discretionary accounts and provides advisory services to institutional clients. As a research analyst, his focus was on sectors like Pharmaceuticals, Power Utilities, Chemicals, Fertilizers and Textiles. Vinit specializes in the small and mid cap space and has over 16 years of relevant work experience. Previously, he was with DSP Merrill Lynch as a part of its Global Private Client business. He spent 20 months at DSP Merrill Lynch as Equity Strategist. Prior to DSP Merrill Lynch, he was employed with IL&FS Investsmart Limited as an Equity Analyst in their PMS division. He has also worked with UTI Investment Advisory Services as Equity Analyst for the offshore fund - India Growth Fund. Vinit is a Chartered Accountant from Institute of Chartered Accountant of India.

Note: Gopal Agrawal managed the Schemes (i.e. DSP Top 100 Equity Fund, DSP Focus Fund, DSP Equity Savings Fund and DSP Regular Savings Fund) till May 31, 2020. Mr. Vinit Sambre is managing Schemes From June 1, 2020. (i.e. DSP Top 100 Equity Fund, DSP Focus Fund, DSP Equity Savings Fund and DSP Regular Savings Fund) with effect from June 1, 2020.

All Funds managed by Vinit Sambre
Sr. No.	Scheme Name	Managing since	Period
Sr. No.	Scheme Name	Managing since	1 Year		3 Years		5 Years
Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement Different plans shall have a different expense structure. The performance details provided herein are of regular plan. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Equity holdings for DSP Business Cycle Fund

Banks
15.69%

Name	% of Net Assets
STATE BANK OF INDIA	5.22%
AXIS BANK LIMITED	4.31%
KOTAK MAHINDRA BANK LIMITED	3.25%
ICICI BANK LIMITED	2.91%

16.9% of Equity and equity related securities

Power
11.07%

Name	% of Net Assets
POWER GRID CORPORATION OF INDIA LIMITED	5.87%
NTPC LIMITED	5.2%

12% of Equity and equity related securities

It - Software
7.92%

Name	% of Net Assets
INFOSYS LIMITED	3.76%
TATA CONSULTANCY SERVICES LIMITED	2.27%
COFORGE LIMITED	1.89%

8.6% of Equity and equity related securities

Capital Markets
6.94%

Name	% of Net Assets
MULTI COMMODITY EXCHANGE OF INDIA LIMITED	4.3%
NIPPON LIFE INDIA ASSET MANAGEMENT LIMITED	1.45%
ANGEL ONE LIMITED	1.19%

7.5% of Equity and equity related securities

Consumer Durables
6.39%

Name	% of Net Assets
AMBER ENTERPRISES INDIA LIMITED	3.02%
VOLTAS LIMITED	1.87%
CROMPTON GREAVES CONSUMER ELECTRICALS LIMITED	0.95%
SHEELA FOAM LIMITED	0.55%

6.9% of Equity and equity related securities

Automobiles
6.21%

Name	% of Net Assets
MAHINDRA & MAHINDRA LIMITED	4.25%
TVS MOTOR COMPANY LIMITED	1.96%

6.7% of Equity and equity related securities

Pharmaceuticals & Biotechnology
5.74%

Name	% of Net Assets
MANKIND PHARMA LIMITED	1.34%
LAURUS LABS LIMITED	1.19%
IPCA LABORATORIES LIMITED	1.19%
GLAND PHARMA LIMITED	1.03%
CIPLA LIMITED	0.99%

6.2% of Equity and equity related securities

Industrial Products
5.66%

Name	% of Net Assets
KEI INDUSTRIES LIMITED	1.96%
R R KABEL LIMITED	1.66%
CARBORUNDUM UNIVERSAL LIMITED	0.88%
INOX INDIA LIMITED	0.78%
SHIVALIK BIMETAL CONTROLS LIMITED	0.38%

6.1% of Equity and equity related securities

Healthcare Services
4.65%

Name	% of Net Assets
APOLLO HOSPITALS ENTERPRISE LIMITED	3.91%
KOVAI MEDICAL CENTER AND HOSPITAL LIMITED	0.74%

5% of Equity and equity related securities

Construction
2.62%

Name	% of Net Assets
KALPATARU PROJECTS INTERNATIONAL LIMITED	1.49%
H.G. INFRA ENGINEERING LIMITED	0.61%
AHLUWALIA CONTRACTS (INDIA) LIMITED	0.52%

2.8% of Equity and equity related securities

Electrical Equipment
2.61%

Name	% of Net Assets
SIEMENS ENERGY INDIA LIMITED	1.01%
SIEMENS LIMITED	0.95%
CG POWER AND INDUSTRIAL SOLUTIONS LIMITED	0.65%

2.8% of Equity and equity related securities

Chemicals & Petrochemicals
2.48%

Name	% of Net Assets
SUDARSHAN CHEMICAL INDUSTRIES LIMITED	1.28%
NAVIN FLUORINE INTERNATIONAL LIMITED	1.2%

2.7% of Equity and equity related securities

Telecom - Services
2.38%

Name	% of Net Assets
BHARTI AIRTEL LIMITED	2.38%

2.6% of Equity and equity related securities

Auto Components
2.29%

Name	% of Net Assets
SCHAEFFLER INDIA LIMITED	1.46%
APOLLO TYRES LIMITED	0.83%

2.5% of Equity and equity related securities

Insurance
1.78%

Name	% of Net Assets
MAX FINANCIAL SERVICES LIMITED	1.78%

1.9% of Equity and equity related securities

Realty
1.69%

Name	% of Net Assets
OBEROI REALTY LIMITED	1.69%

1.8% of Equity and equity related securities

Beverages
1.68%

Name	% of Net Assets
UNITED BREWERIES LIMITED	1.68%

1.8% of Equity and equity related securities

It - Services
1.55%

Name	% of Net Assets
CYIENT LIMITED	1.55%

1.7% of Equity and equity related securities

Transport Infrastructure
1.16%

Name	% of Net Assets
JSW INFRASTRUCTURE LIMITED	1.16%

1.3% of Equity and equity related securities

Agricultural Food & Other Products
0.8%

Name	% of Net Assets
TRIVENI ENGINEERING & INDUSTRIES LIMITED	0.8%

0.9% of Equity and equity related securities

Transport Services
0.8%

Name	% of Net Assets
INTERGLOBE AVIATION LIMITED	0.8%

0.9% of Equity and equity related securities

Industrial Manufacturing
0.52%

Name	% of Net Assets
PRAJ INDUSTRIES LIMITED	0.52%

0.6% of Equity and equity related securities

Debt holdings for DSP Business Cycle Fund

TREPS7.32%

Name	Rating	% of Net Assets
TREPS / REVERSE REPO INVESTMENTS	--	7.32%

100% of Debt instruments

For lumpsum investments, if the investment period is less than 1 year then same return values are displayed for absolute & XIRR. For periods above 1 year, they are annualized. 1 Year is assumed as 365 days.
Returns for investments in income distribution cum capital withdrawal (IDCW) plans of schemes are calculated after assuming that the net income distribution cum capital withdrawal (IDCW) payouts post statutory taxes & levies, are re-invested back in the scheme.
Income distribution cum capital withdrawals (IDCW) declared from benchmark's constituents isn't taken into account when comparing with investment in fund's income distribution cum capital withdrawal (IDCW) plans.
Performance is always compared against the latest benchmark of the fund irrespective of the date of change of fund's benchmark, if any.
Except when SIP tenure is since inception, for all tenures, the start day for SIP investments is considered as 1st of every month. There is no end date to SIPs for the purpose of graphs.
For the purpose of NAV date applicability, if the investment date happens to be a non-business day, next business day's NAV is applied. Investment on inception date can happen on a non-business day.
Gold prices are available post 29 JAN, 2005 & are based on daily closing values on MCX.
Investment in gold has a strong global market demand and gold is highly liquid asset.
PPF interest rate is assumed at 8.7% p.a. & interest received is compounded daily for the returns illustration in the charts.
The comparison with PPF (and other traditional saving instruments/assets) has been given for the purpose of the general information only. Investments in mutual funds should not be construed as a promise, guarantee on or a forecast of any minimum returns. Unlike traditional saving instruments there is no capital protection guarantee or assurance of any return in mutual fund investment. Traditional savings instruments are comparatively low risk products and are generally backed by the Government. Investment in mutual funds carries high risk as compared to the traditional saving instruments and any investment decision needs to be taken only after consulting the Tax Consultant or Mutual Fund Distributor.
Past performance may or may not sustain in future and should not be used as a basis for comparison with other investments. There is no assurance of any returns/capital protection/capital guarantee to the investors in any scheme of DSP Mutual Fund.
Pursuant to payments of Income Distribution cum Capital Withdrawal, the NAV of the IDCW option(s) of Schemes would fall to the extent of payout, and statutory levy, if any.
The sector(s)/stock(s)/issuer(s) mentioned in this document do not constitute any recommendation of the same and the Fund may or may not have any future position in these sector(s)/stock(s)/issuer(s).
The investment approach / framework/ strategy / portfolio / other data mentioned herein are dated and currently followed by the scheme and the same may change in future depending on market conditions and other factors.
The SIP returns are calculated by XIRR approach assuming investment of Rs. 10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash infows and outflows with the correct allowance for the time impact of the transactions. Load is not taken into consideration for computation of performance.

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Performance

Historical Returns

Portfolio as of Jul 31, 2025

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DSP Equity Savings Fund presentation

Vinit Sambre

Asset Allocation for DSP Business Cycle Fund

Equity holdings for DSP Business Cycle Fund

Banks 15.69%

Power 11.07%

It - Software 7.92%

Capital Markets 6.94%

Consumer Durables 6.39%

Automobiles 6.21%

Pharmaceuticals & Biotechnology 5.74%

Industrial Products 5.66%

Healthcare Services 4.65%

Construction 2.62%

Electrical Equipment 2.61%

Chemicals & Petrochemicals 2.48%

Telecom - Services 2.38%

Auto Components 2.29%

Insurance 1.78%

Realty 1.69%

Beverages 1.68%

It - Services 1.55%

Transport Infrastructure 1.16%

Agricultural Food & Other Products 0.8%

Transport Services 0.8%

Industrial Manufacturing 0.52%

Debt holdings for DSP Business Cycle Fund

TREPS7.32%

DSP Business Cycle Fund presentation

Banks
15.69%

Power
11.07%

It - Software
7.92%

Capital Markets
6.94%

Consumer Durables
6.39%

Automobiles
6.21%

Pharmaceuticals & Biotechnology
5.74%

Industrial Products
5.66%

Healthcare Services
4.65%

Construction
2.62%

Electrical Equipment
2.61%

Chemicals & Petrochemicals
2.48%

Telecom - Services
2.38%

Auto Components
2.29%

Insurance
1.78%

Realty
1.69%

Beverages
1.68%

It - Services
1.55%

Transport Infrastructure
1.16%

Agricultural Food & Other Products
0.8%

Transport Services
0.8%

Industrial Manufacturing
0.52%