DSP Focused Fund (Ex DSP Focus Fund)
Plan type

	CAGR since inception

Scheme Type:

Scheme Risk:
Very High Risk
Age:
14 years 11 months since Jun 10, 2010
AUM:
Rs. 2,470.86 crores as of Apr 30, 2025
Horizon:
10 Years+
Benchmark:
NIFTY 500 TRI
Benchmark Risk:
Very High Risk
Goal:
Capital Appreciation

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

Bhavin Gandhi

Total work experience of 21 years. Managing this fund since February 2024 Equity portion and Overseas portion See all funds managed by Bhavin Gandhi »

Investment Objective

The primary investment objective of the Scheme is to generate long-term capital growth from a portfolio of equity and equity-related securities including equity derivatives. The portfolio will consist of multi cap companies by market capitalisat ...more

Scheme Description

A scheme focused on the number of stocks (maximum 30) Minimum investment in equity & equity related instruments - 65% of total assets

Scheme Documents

KIM & Application

Historical Returns

In SEBI format

Comparative performance of DSP Focused Fund (Ex DSP Focus Fund) as of
	DSP Focused Fund (E…	NIFTY 500 T… ^{^}	NIFTY 50 TR… ^#
Click here to view the information ratio of the scheme. Date of allotment: Jun 10, 2010. 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 Bhavin Gandhi » 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 »

Why you should invest

The Portfolio strategy is a blend of Value and active fund management keeping in line with the current volatile markets
The Portfolio is currently invested 70% in Large Caps and 30% in Mid-Caps (The allocation to large-caps increased from a 40% to 70% over the past few months)
More than 60% of the portfolio is built around the consumption theme

Other information

Minimum Investment

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

Exit load

1% If redeemed between 0 - 1 Months

Total expense ratio

2.03% as of May 14, 2025

Portfolio as of Apr 30, 2025

Equity

Market capitalization

No data to display

Sector allocation

No data to display

Top 5 stocks by holding
Name	% of Net Assets
BAJAJ FINANCE LIMITED	7.75%
ICICI BANK LIMITED	6.63%
HDFC BANK LIMITED	5.28%
AXIS BANK LIMITED	4.47%
COFORGE LIMITED	4.36%
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	10.67%
See detailed debt holdings »

Prescribed Asset Allocation

65% - 100% Equity & equity related instr…
0% - 35% *Debt and Money Market Securi…

See complete asset allocation »

Current Asset Allocation as of Apr 30, 2025

Equity & equity related securities 89.43% (89.43}%)
Debt Instruments see breakup 10.67% (10.67}%)

Cash & cash equivalents -0.1% (-0.1}%)

Indicators

Portfolio turnover ratio last 12 months
0.23

Bhavin Gandhi

Bhavin has total work experience of over 19 years. Bhavin joined DSP in February 2021 and he is Assistant Vice President, Investments - Equity at DSP Asset Managers Private Limited, managing Mutual Fund Schemes since February 2024. His previous roles at DSP include Fund Manager for AIF - HCF-2 from April 2022 to December 2023. Before joining DSP, he served as a Research Analyst at Batlilvala and Karani Securities and Crisil tracking multiple sectors including Oil and Gas, Logistics, paper and housing finance companies. He has been recognized among the top research analyst in the oil and gas and logistics sectors in Asia Money polls in is previous roles. Bhavin is a Chartered Accountant, CFA charter holder (CFA Institute, USA) and holds a Bachelors degree in commerce (University of Mumbai).

All Funds managed by Bhavin Gandhi
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 Focused Fund (Ex DSP Focus Fund)

Banks
16.38%

Name	% of Net Assets
ICICI BANK LIMITED	6.63%
HDFC BANK LIMITED	5.28%
AXIS BANK LIMITED	4.47%

18.3% of Equity and equity related securities

Finance
14.03%

Name	% of Net Assets
BAJAJ FINANCE LIMITED	7.75%
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED	3.86%
POWER FINANCE CORPORATION LIMITED	2.42%

15.7% of Equity and equity related securities

It - Software
9.16%

Name	% of Net Assets
COFORGE LIMITED	4.36%
INFOSYS LIMITED	2.54%
TECH MAHINDRA LIMITED	2.26%

10.2% of Equity and equity related securities

Industrial Products
7.02%

Name	% of Net Assets
KIRLOSKAR OIL ENGINES LIMITED	2.71%
POLYCAB INDIA LIMITED	2.29%
RATNAMANI METALS & TUBES LIMITED	2.02%

7.8% of Equity and equity related securities

Pharmaceuticals & Biotechnology
6.92%

Name	% of Net Assets
IPCA LABORATORIES LIMITED	4.21%
SUVEN PHARMACEUTICALS LIMITED	2.71%

7.7% of Equity and equity related securities

Realty
3.77%

Name	% of Net Assets
THE PHOENIX MILLS LIMITED	3.77%

4.2% of Equity and equity related securities

Petroleum Products
3.62%

Name	% of Net Assets
BHARAT PETROLEUM CORPORATION LIMITED	3.62%

4% of Equity and equity related securities

Insurance
3.53%

Name	% of Net Assets
SBI LIFE INSURANCE COMPANY LIMITED	3.53%

3.9% of Equity and equity related securities

Fertilizers & Agrochemicals
3.4%

Name	% of Net Assets
COROMANDEL INTERNATIONAL LIMITED	3.4%

3.8% of Equity and equity related securities

Telecom - Services
3.3%

Name	% of Net Assets
BHARTI AIRTEL LIMITED	3.3%

3.7% of Equity and equity related securities

Consumer Durables
2.62%

Name	% of Net Assets
CENTURY PLYBOARDS (INDIA) LIMITED	2.62%

2.9% of Equity and equity related securities

Food Products
2.46%

Name	% of Net Assets
MRS. BECTORS FOOD SPECIALITIES LIMITED	2.46%

2.8% of Equity and equity related securities

Healthcare Services
2.38%

Name	% of Net Assets
NARAYANA HRUDAYALAYA LTD.	1.42%
SYNGENE INTERNATIONAL LIMITED	0.96%

2.7% of Equity and equity related securities

Automobiles
2.19%

Name	% of Net Assets
HERO MOTOCORP LIMITED	2.19%

2.4% of Equity and equity related securities

Gas
2.12%

Name	% of Net Assets
GAIL (INDIA) LIMITED	2.12%

2.4% of Equity and equity related securities

Auto Components
1.93%

Name	% of Net Assets
SAMVARDHANA MOTHERSON INTERNATIONAL LIMITED	1.93%

2.2% of Equity and equity related securities

Leisure Services
1.8%

Name	% of Net Assets
WESTLIFE FOODWORLD LIMITED	1.8%

2% of Equity and equity related securities

Non - Ferrous Metals
1.57%

Name	% of Net Assets
HINDALCO INDUSTRIES LIMITED	1.57%

1.8% of Equity and equity related securities

Capital Markets
1.23%

Name	% of Net Assets
PRUDENT CORPORATE ADVISORY SERVICES LIMITED	1.23%

1.4% of Equity and equity related securities

Debt holdings for DSP Focused Fund (Ex DSP Focus Fund)

TREPS10.67%

Name	Rating	% of Net Assets
TREPS / REVERSE REPO INVESTMENTS	--	10.67%

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 Apr 30, 2025

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DSP Equity Savings Fund presentation

Bhavin Gandhi

Asset Allocation for DSP Focused Fund (Ex DSP Focus Fund)

Equity holdings for DSP Focused Fund (Ex DSP Focus Fund)

Banks 16.38%

Finance 14.03%

It - Software 9.16%

Industrial Products 7.02%

Pharmaceuticals & Biotechnology 6.92%

Realty 3.77%

Petroleum Products 3.62%

Insurance 3.53%

Fertilizers & Agrochemicals 3.4%

Telecom - Services 3.3%

Consumer Durables 2.62%

Food Products 2.46%

Healthcare Services 2.38%

Automobiles 2.19%

Gas 2.12%

Auto Components 1.93%

Leisure Services 1.8%

Non - Ferrous Metals 1.57%

Capital Markets 1.23%

Debt holdings for DSP Focused Fund (Ex DSP Focus Fund)

TREPS10.67%

DSP Focused Fund (Ex DSP Focus Fund) presentation

Why you should invest

Banks
16.38%

Finance
14.03%

It - Software
9.16%

Industrial Products
7.02%

Pharmaceuticals & Biotechnology
6.92%

Realty
3.77%

Petroleum Products
3.62%

Insurance
3.53%

Fertilizers & Agrochemicals
3.4%

Telecom - Services
3.3%

Consumer Durables
2.62%

Food Products
2.46%

Healthcare Services
2.38%

Automobiles
2.19%

Gas
2.12%

Auto Components
1.93%

Leisure Services
1.8%

Non - Ferrous Metals
1.57%

Capital Markets
1.23%