DSP Flexi Cap Fund: NAV, Porftolio & Fund Performance

DSP Flexi Cap Fund

Total AUM

₹12,187.76 crores
as of Jun 30, 2025

Age of Fund

28 years 2 months since Apr 29, 1997

Expense Ratio

1.72%
as of Jul 07, 2025

Exit Load

1%
upto 12 Months

Ideal holding period

10 Years+

Portfolio as of Jun 30, 2025

Equity 95.9%
Debt 4.1%

Indian (95.9%)

Large Cap	59.3%
Mid Cap	20.9%
Small Cap	19.8%

Holdings
Sectors

Holdings	Weight %
Bajaj Finance Limited	7.5 %
ICICI Bank Limited	6.2 %
HDFC Bank Limited	5.3 %
Axis Bank Limited	4.4 %
Coforge Limited	3.3 %
State Bank of India	3.0 %
Samvardhana Motherson International Limited	2.5 %
Infosys Limited	2.4 %
Cipla Limited	2.3 %
Cholamandalam Investment and Finance Company Limited	2.3 %
Avenue Supermarts Limited	2.2 %
Max Financial Services Limited	2.1 %
Radico Khaitan Limited	2.1 %
Bharti Airtel Limited	1.9 %
AU Small Finance Bank Limited	1.9 %
HCL Technologies Limited	1.9 %
Alkem Laboratories Limited	1.8 %
Indus Towers Limited	1.8 %
KEC International Limited	1.8 %
Gujarat Fluorochemicals Limited	1.7 %
Century Plyboards (India) Limited	1.7 %
Bharat Petroleum Corporation Limited	1.7 %
UNO Minda Limited	1.7 %
Crompton Greaves Consumer Electricals Limited	1.5 %
IPCA Laboratories Limited	1.5 %
Power Finance Corporation Limited	1.5 %
Polycab India Limited	1.5 %
Tata Consultancy Services Limited	1.5 %
Cohance Lifesciences Limited	1.5 %
Hindustan Unilever Limited	1.4 %
APL Apollo Tubes Limited	1.4 %
PRUDENT CORPORATE ADVISORY SERVICES Limited	1.4 %
CG Power and Industrial Solutions Limited	1.3 %
Kirloskar Oil Engines Limited	1.2 %
Rainbow Childrens Medicare Limited	1.2 %
GAIL (India) Limited	1.1 %
ICICI Lombard General Insurance Company Limited	1.1 %
JK Lakshmi Cement Limited	1.1 %
Bajaj Finserv Limited	1.0 %
Oil India Limited	1.0 %
REC Limited	0.9 %
Schaeffler India Limited	0.9 %
Niva Bupa Health Insurance Company Limited	0.9 %
Ganesha Ecosphere Limited	0.8 %
JK Cement Limited	0.8 %
Hindalco Industries Limited	0.8 %
Can Fin Homes Limited	0.7 %
PG Electroplast Limited	0.7 %
Syngene International Limited	0.7 %
Havells India Limited	0.6 %
Indigo Paints Limited	0.6 %
Manappuram Finance Limited	0.5 %
Atul Limited	0.5 %
Engineers India Limited	0.5 %
Emami Limited	0.4 %
Balkrishna Industries Limited	0.1 %
PI Industries Limited	0.1 %
Tata Motors Limited	0.1 %
The Phoenix Mills Limited	0.1 %
AIA Engineering Limited	0.0 %
View All Holdings	95.9 % 39.2 %

Sectors Weight %

Banks 20.7 %

ICICI Bank Limited 6.2 %

HDFC Bank Limited 5.3 %

Axis Bank Limited 4.4 %

State Bank of India 3.0 %

AU Small Finance Bank Limited 1.9 %

Finance 14.4 %

Bajaj Finance Limited 7.5 %

Cholamandalam Investment and Finance Company Limited 2.3 %

Power Finance Corporation Limited 1.5 %

Bajaj Finserv Limited 1.0 %

REC Limited 0.9 %

Can Fin Homes Limited 0.7 %

Manappuram Finance Limited 0.5 %

IT- Software 9.0 %

Coforge Limited 3.3 %

Infosys Limited 2.4 %

HCL Technologies Limited 1.9 %

Tata Consultancy Services Limited 1.5 %

Pharmaceuticals & Biotechnology 7.1 %

Cipla Limited 2.3 %

Alkem Laboratories Limited 1.8 %

IPCA Laboratories Limited 1.5 %

Cohance Lifesciences Limited 1.5 %

Auto Components 5.1 %

Samvardhana Motherson International Limited 2.5 %

UNO Minda Limited 1.7 %

Schaeffler India Limited 0.9 %

Balkrishna Industries Limited 0.1 %

Consumer Durables 5.1 %

Century Plyboards (India) Limited 1.7 %

Crompton Greaves Consumer Electricals Limited 1.5 %

PG Electroplast Limited 0.7 %

Havells India Limited 0.6 %

Indigo Paints Limited 0.6 %

Industrial Products 4.1 %

Polycab India Limited 1.5 %

APL Apollo Tubes Limited 1.4 %

Kirloskar Oil Engines Limited 1.2 %

AIA Engineering Limited 0.0 %

Insurance 4.0 %

Max Financial Services Limited 2.1 %

ICICI Lombard General Insurance Company Limited 1.1 %

Niva Bupa Health Insurance Company Limited 0.9 %

Telecom - Services 3.7 %

Bharti Airtel Limited 1.9 %

Indus Towers Limited 1.8 %

Chemicals & Petrochemicals 2.3 %

Gujarat Fluorochemicals Limited 1.7 %

Atul Limited 0.5 %

View All Sectors Expand All

75.5 %

Equity includes Stocks, Domestic Fund of Funds and ETFs

Indian (4.1%)

Credit rating profile	Weight %
Cash & Equivalent	100.0 %

Instrument break-up	Weight %
TREPS	100.0 %

Holdings	Weight %
TREPS / Reverse Repo Investments	4.0 %
Cash & cash equivalents	0.1 %
	4.1 %

Indicators

Portfolio turnover ratio

0.19 last 12 months

Performance

Performance highlights over last

for

investment

Cumulative returns on

Annual returns

Current value

Min CAGR:

MedianCAGR:

Max CAGR:

Good Returns

Negative Returns

vs Category

vs Benchmark

Historical Returns (As per SEBI format)as of with investment of₹10,000

	This fund		NIFTY 500 TRI ^{^}		NIFTY 50 TRI ^#
	CAGR	Current Value	CAGR	Current Value	CAGR	Current Value

Income distribution Cum Capital Withdrawal (IDCW) Distributed

Record Date	Face Value	IDCW per unit	NAV Before	NAV After

Chart type

Graph viewTable view

Invested as

Invested Amount

₹

Invested since

This fund

NIFTY 500 TRI

NIFTY 50 TRI

Gold

PPF

	Funds	Annual returns	Current Value	Absolute Growth	IDCW paid

Chart type:

Returns RangesStatistics

Invested Amount

₹

Invested period

Funds	Minimum	Median	Maximum	% times -ve returns	% times returns > 7%

Click here to view the information ratio of the scheme.

Date of allotment: Apr 29, 1997.

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 30, 2021

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Rolling returns have been calculated based on returns from regular plan growth option.

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.

^ Fund Benchmark # Additional Benchmark

Scheme disclaimers

Fund Details

Things to know before you invest

What is in DSP Flexi Cap Fund?

DSP Flexi Cap fund invests flexibly across carefully selected companies of different sizes- large, mid or small.
It aims to own quality businesses with strong business models, growth potential & led by reliable managements.
DSP's oldest equity fund with a 24 year+ track record.

Why should one invest in DSP Flexi Cap Fund?

This is a smart way to own multiple businesses selected by an expert fund manager instead of hunting for good stocks yourself.
Investors can get the flavor of large caps, mid caps & small caps in 1 fund with the fund manager having flexibility to allocate weights.
Offers the potential to grow your wealth by owning a quality, diversified portfolio.
Can help you beat the impact of rising prices over the long-term
Can be a suitable choice for your core portfolio.

Who should invest in DSP Flexi Cap Fund?

Consider this fund if you
- Are a first-timer or a relatively new equity market investor.
- Have the patience & mental resilience to remain invested for a decade or more.
- Recognize market falls as good opportunities to invest even more.
- Accept that equity investing means exposure to risk.
- Do not chase the highest possible returns at all times.

Rethink before you invest

DSP Flexi Cap fund carries Very High Risk.
Expect short term return fluctuations, esp. during periods of market ups & downs.
Recommend investing via SIP over a long term (7 yrs+).
This fund can underperform its benchmark in the short term (<3yrs).

Fund managers:

Bhavin Gandhi

Total work experience of 21 years. Managing this fund since March 2024.

arrow_forwardSee funds managed by him

Total work experience of 21 years. Managing this fund since March 2024.

arrow_forwardSee funds managed by him

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).

Sr. No.	Scheme Name	Managing since	Period
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

Sr. No.

Scheme Name

Managing since

Period

1 Years

3 Years

5 Years

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

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

Investment Objective

The primary investment objective of the Scheme is to seek to generate long term capital appreciation, from a portfolio that is substantially constituted of equity securities and equity related securities of issuers domiciled in India. This shall be the fundamental attribute of the Scheme.
There is no assurance that the investment objective of the Scheme will be realized.

Fund Type

Equity – Diversified

Flexi Cap

An open ended dynamic equity scheme investing across large cap, mid cap, small cap stocks.

Riskometer

Level of Risk in the fund

View details

Minimum Investment

Lumpsum ₹ 100
SIP ₹ 100 (12 instalments)
Additional purchase ₹ 100

FAQs

A flexi cap fund is a type of an equity mutual fund that has the flexibility of investing across different market capitalization segments. Unlike funds with market cap mandates, such as large-cap or mid-cap funds or large and midcap funds, flexi-cap funds can invest dynamically across all the three market cap segments based on the fund manager's outlook and prevailing market conditions. DSP Flexi Cap fund invests flexibly across carefully selected companies of different sizes- large, mid, or small.

To invest in the DSP Flexi Cap fund, click on the green INVEST button on the left-hand side of the webpage (Click here). If you are an existing DSP Mutual Fund investor, you can start investing immediately. If you are new to DSP Mutual Funds, you will need to create a portfolio by filling out the necessary details. If you are new to mutual Funds, you will have to fulfill KYC requirements. Follow the on-screen instructions to get started. You can also invest in DSP Flexi Cap Fund through your mutual fund distributor.

Returns of DSP Flexicap Fund will depend on prevailing market conditions and investment horizon. Historical data shows that equity as an asset class, has the potential to outperform other asset classes over a long investment horizon. DSP Flexicap Fund has the potential to outperform large cap funds over long investment tenures. At the same, it can limit downside risks compared to mid-cap and small-cap funds in volatile markets.

Investors can check the past performance of DSP Flexicap Fund by clicking on the (performance) section. You can can check both lump sum and SIP returns. We have shown how DSP Flexicap Fund has performed versus its benchmark index (Nifty 500 TRI) and its additional benchmark (Nifty 50 TRI) over the last 1, 3, 5 years and since inception. One should always evaluate an equity fund?s performance over long investment periods.

Winners rotate across market cap segments: Historical data shows that winners rotate across different market cap segments. Flexi cap fund managers can create alpha by prudently rotating allocations to different market cap segments based on their market outlook.
Potential to create higher alphas: Large cap funds invest at least 80% of their assets in large cap stocks (top 100 stocks by market capitalization). Large cap stocks have high percentage of institutional ownership, are more researched and therefore have better price discovery. In other words, market prices of large caps are closer to their fair valuation (due to more efficient price discovery) compared to midcaps and small caps which maybe trading at significant discounts to their intrinsic value. Flexicap fund managers may be able to find quality mid and small cap stocks at attractive valuations, thereby creating alpha for investors over long investment horizons.
Richer diversification: The investment universe of flexi cap funds spans all three market cap segments, adding more diversification to your investment portfolio.
Less volatile than mid and small caps: Mid and small-cap funds invest at least 65% of their assets in midcap and small cap stocks respectively. While mid and small cap stocks tend to outperform large caps in bull markets, they are much more volatile than large caps. Flexi cap Fund managers have the flexibility to quickly shed risks in volatile markets and reduce downside risks for investors.

Ideal for retail investors: Flexi cap funds are ideal for investors who are not able to decide how much allocation they should have towards each market cap segment and want the fund managers to decide on market cap allocations. Flexi cap fund managers aim for long-term capital appreciation while trying to limit downside risks in the short term. Hence, flexi cap funds can be part of the core equity portfolio of investors.

Before investing in the DSP Flexi Cap fund, one should consider the following factors to ensure alignment with your financial goals and risk tolerance:

Financial Goals: What is the financial goal for investing in DSP Flexi Cap Fund? Is the objective capital appreciation or income generation? Is the goal short term, medium term or long term?

Investment Objective: DSP Flexicap Fund is suitable for investors seeking capital appreciation over long investment tenures

Investment tenure: Investors should have minimum 5 year investment tenure for DSP Flexicap Fund.

Risk Appetite: Investors should assess their risk appetite and make informed investment decisions. Investors should have high to very high risk appetites for DSP Flexicap Fund.

Financial situation: Investors can invest in DSP Flexicap Fund either in lump sum or through a Systematic Investment Plan.

Investors should consult with their financial advisors or mutual fund distributors if DSP Flexicap Fund is suitable for their investment needs.

Flexicap equity mutual funds generally have a higher level of risk compared to large-cap funds since they invest in midcap and small cap stocks in addition to large cap stocks. Mid-sized and small cap companies, while often having significantly higher growth potential than large companies, may also be more vulnerable to economic downturns due to their smaller size. Furthermore, the valuations of midcap and small cap companies tend to run up faster than large caps, and hence they can experience deeper price corrections in volatile markets. However, the risk profile of flexi cap funds is lower (less volatile) than midcap, small cap or multicap funds since they have the flexibility of increasing their large cap allocations in highly volatile markets. Investors should high to very high risk appetites for Flexicap Funds. Investors should carefully assess their risk tolerance, investment goals, and time horizon to make informed investment allocation decisions. Investors should consult with their financial advisors if they need help in understanding their risk appetite and risk characteristics of the mutual fund scheme they plan to invest in.