DSP Multi Asset Allocation Fund
Plan type

	CAGR since inception

Scheme Type:

Hybrid – Multi Asset Allocation

Scheme Risk:
Very High Risk
Age:
2 years 8 months since Sep 27, 2023
AUM:
Rs. 9,801.76 crores as of May 31, 2026
Horizon:
10 Years+
Benchmark:
40% NIFTY500 TRI + 20% NIFTY Comp…
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		40% NIFTY50…	NIFTY 50 TR…	Gold	PPF
NA	vs	NA	NA	NA	NA
NA	vs	NA	NA	NA	NA

Scheme disclaimers »

Returns calculator

	This scheme	40% NIFTY50… ^#	NIFTY 50 TR… ^#	Gold	PPF
# Returns do not reflect any income distribution cum capital withdrawal (IDCW) distribution

Scheme disclaimers »

Returns summary

Scheme disclaimers »

Rolling returns

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

Scheme disclaimers »

Fund Managers

Aparna Karnik

Total work experience of 22 years. Managing this fund since September 2023. Equity and Overseas portion See all funds managed by Aparna Karnik »
Shantanu Godambe

Total work experience of 19 years. Managing this fund since August 2024. Debt Portion See all funds managed by Shantanu Godambe »
Ravi Gehani

Total work experience of 11 years. Managing this fund since September 2023. Commodity portion See all funds managed by Ravi Gehani »

Investment Objective

The investment objective of the Scheme is to seek to generate long term capital appreciation by investing in multi asset classes including equity and equity related securities, debt and money market instruments, commodity ETFs, exchange traded c ...more

Scheme Description

Invests in at least three asset classes with a minimum allocation of at least 10% each in all three asset classes.

Scheme Documents

KIM & Application

Historical Returns

In SEBI format

Comparative performance of DSP Multi Asset Allocation Fund as of
	DSP Multi Asset All…	40% NIFTY50… ^{^}	NIFTY 50 TR… ^#
Click here to view the information ratio of the scheme. Date of allotment: Sep 27, 2023. 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 Aparna Karnik » See all funds managed by Shantanu Godambe » See all funds managed by Ravi Gehani » 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 »

Other information

Minimum Investment

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

Exit load

Nil: If the units redeemed or switched-out are upto 10% of the units (the limit) purchased or switched within 12 months from the date of allotment.
1%: If units redeemed or switched out are in excess of the limit within 12 months from the date of allotment.
Nil: If units are redeemed or switched out on or after 12 months from the date of allotment.

Base expense ratio

1.2% as of Jun 18, 2026

Total expense ratio

1.69% as of Jun 18, 2026

Portfolio as of May 31, 2026

Equity

Market capitalization

No data to display

Sector allocation

No data to display

Top 5 stocks by holding
Name	% of Net Assets
DSP NIFTY 50 EQUAL WEIGHT ETF	6.21%
HDFC BANK LIMITED	4.94%
NIFTY 30 JUN 2026	4.72%
AXIS BANK LIMITED	3.32%
ICICI BANK LIMITED	2.65%
See detailed equity holdings » Top Holdings of Underlying Funds »

Debt & debt instruments

Credit rating profile

No data to display

Instrument break-up

No data to display

Top 5 instruments by holding
Name	% of Net Assets
TREPS / REVERSE REPO INVESTMENTS	6.59%
6.90% GOI 2065	2.18%
7.24% GOI 2055	1.49%
6.48% GOI 2035	1.14%
7.75% CHATTISGARH SDL 2042	1.04%
See detailed debt holdings »

Commodity

Top holdings
Name	% of Net Assets
DSP GOLD ETF	10.02%
GOLD	4.59%
DSP SILVER ETF	2.1%
See detailed Commodity holdings »

Prescribed Asset Allocation

35% - 80% Equity & Equity related instr…
10% - 50% Debt and money market instrum…

See complete asset allocation »

Current Asset Allocation as of May 31, 2026

Equity & equity related securities see breakup 65.84% (65.84}%)

Equity-Directional 51.19% (51.19}%)
Equity-Related 11.56% (11.56}%)
The Communication Services Select Sector Spdr Fund 0.99% (0.99}%)
Ishares Global Industrials Etf 0.97% (0.97}%)
Ishares S & P 500 Energy Sector Ucits Etf 0.61% (0.61}%)
Ishares Global Healthcare Etf 0.47% (0.47}%)
Ishares Global Comm Services Etf 0.05% (0.05}%)

Debt Instruments see breakup 20.05% (20.05}%)

Cash & cash equivalents -2.6% (-2.6}%)

Indicators

Yield to Maturity
6.90 %
Modified Duration
4.10 Years
Portfolio Macaulay Duration
4.27 Years
Average Maturity
9.38 Years
Portfolio turnover ratio last 12 months
1.2253
Portfolio turnover ratio - Directional Equity last 12 months
0.07

Aparna Karnik

Aparna Karnik is Head of Quantitative Investments and Analytics (QIA). In this capacity, she leads the team that supports and advises on all aspects related to investment risk management. Aparna has 17 years of experience in investment, credit, and operations risk management. Prior to joining DSP, she worked with CRISIL Ratings in their Structured Finance Division and Large Corporates Group. She holds a Master?s in Management Studies degree from the Jamnalal Bajaj Institute of Management Studies.

All Funds managed by Aparna Karnik
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

Shantanu Godambe

Shantanu has a total work experience of over 16 years. He joined DSP Asset Managers in March 2023 as Vice President in the Fixed Income Team. Shantanu has also worked with Yes Bank Ltd. as a Rates Trader. He has cleared the CFA from the CFA Institute, holds an M.S. (Finance) from ICFAI University, and a B.Com. from Mumbai University.

All Funds managed by Shantanu Godambe
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

Ravi Gehani

Ravi Gehani has a total work experience of over 10 years in commodity trading, Price risk management of bullions, product development, and operations. He joined DSP Investment Managers in April 2022 as Fund Manager for Commodity ETFs. Prior to this, he held roles at Muthoot Exim Pvt Ltd, Latin Manharlal Commodities, and S-Ancial Global Solutions. Ravi holds a master?s degree in finance and a bachelor?s degree in commerce.

All Funds managed by Ravi Gehani
Sr. No.	Scheme Name	Managing since

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Performance

Historical Returns

Portfolio as of May 31, 2026

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DSP Equity Savings Fund presentation

Aparna Karnik

Shantanu Godambe

Ravi Gehani