DSP Dynamic Asset Allocation Fund: NAV & Fund Performance

Total AUM

₹3,453.72 crores
as of Jun 30, 2025

Age of Fund

11 years 5 months since Feb 06, 2014

Expense Ratio

1.9%
as of Jul 25, 2025

Exit Load

1%
If redeemed between 0 - 1 Months

Ideal holding period

5 Years+

Portfolio as of Jun 30, 2025

Indian (31.6%)

Large Cap	66.1%
Mid Cap	12.7%
Small Cap	21.2%

Holdings
Sectors

Holdings	Weight %
State Bank of India	1.8 %
ICICI Bank Limited	1.6 %
NTPC Limited	1.4 %
Coal India Limited	1.3 %
Samvardhana Motherson International Limited	1.2 %
Mahindra & Mahindra Limited	1.2 %
Cipla Limited	1.2 %
Bharat Petroleum Corporation Limited	1.1 %
Kirloskar Oil Engines Limited	1.1 %
ITC Limited	1.1 %
SBI Life Insurance Company Limited	1.0 %
Bharti Airtel Limited	1.0 %
Hindustan Unilever Limited	1.0 %
Infosys Limited	0.8 %
Life Insurance Corporation of India	0.8 %
Century Plyboards (India) Limited	0.8 %
Mankind Pharma Limited	0.7 %
Coforge Limited	0.7 %
GAIL (India) Limited	0.7 %
Radico Khaitan Limited	0.7 %
Bajaj Finserv Limited	0.7 %
NMDC Limited	0.7 %
Niva Bupa Health Insurance Company Limited	0.7 %
Emami Limited	0.7 %
Max Financial Services Limited	0.7 %
Navin Fluorine International Limited	0.6 %
Tata Motors Limited	0.6 %
Axis Bank Limited	0.6 %
Power Finance Corporation Limited	0.6 %
Larsen & Toubro Limited	0.5 %
Syngene International Limited	0.5 %
Mrs. Bectors Food Specialities Limited	0.4 %
Engineers India Limited	0.4 %
Gujarat Fluorochemicals Limited	0.4 %
La Opala RG Limited	0.4 %
HCL Technologies Limited	0.4 %
Hero MotoCorp Limited	0.4 %
Welspun Living Limited	0.3 %
Hindustan Petroleum Corporation Limited	0.3 %
JNK India Limited	0.3 %
Indigo Paints Limited	0.2 %
Manappuram Finance Limited	0.2 %
JK Cement Limited	0.0 %
View All Holdings	31.6 % 12.9 %

Sectors Weight %

Banks 4.0 %

State Bank of India 1.8 %

ICICI Bank Limited 1.6 %

Axis Bank Limited 0.6 %

Insurance 3.1 %

SBI Life Insurance Company Limited 1.0 %

Life Insurance Corporation of India 0.8 %

Niva Bupa Health Insurance Company Limited 0.7 %

Max Financial Services Limited 0.7 %

Automobiles 2.2 %

Mahindra & Mahindra Limited 1.2 %

Tata Motors Limited 0.6 %

Hero MotoCorp Limited 0.4 %

Diversified Fmcg 2.0 %

ITC Limited 1.1 %

Hindustan Unilever Limited 1.0 %

IT - Software 1.9 %

Infosys Limited 0.8 %

Coforge Limited 0.7 %

HCL Technologies Limited 0.4 %

Pharmaceuticals & Biotechnology 1.9 %

Cipla Limited 1.2 %

Mankind Pharma Limited 0.7 %

Finance 1.5 %

Bajaj Finserv Limited 0.7 %

Power Finance Corporation Limited 0.6 %

Manappuram Finance Limited 0.2 %

Petroleum Products 1.4 %

Bharat Petroleum Corporation Limited 1.1 %

Hindustan Petroleum Corporation Limited 0.3 %

Power 1.4 %

NTPC Limited 1.4 %

Consumable Fuels 1.3 %

Coal India Limited 1.3 %

View All Sectors Expand All

20.8 %

Equity includes Stocks, Domestic Fund of Funds and ETFs

Indian (33.2%)

Credit rating profile	Weight %
SOV	29.6 %
AAA	52.5 %
AAA(SO)	2.7 %
AA+	11.8 %
Cash & Equivalent	3.3 %

Instrument break-up	Weight %
Bonds & NCDs	64.3 %
Government Securities (Central/State)	29.6 %
TREPS	3.3 %
Securitized Debt Instruments	2.7 %

Holdings	Weight %
7.32% GOI 2030	3.2 %
7.06% GOI 2028	1.8 %
7.17% GOI 2030	1.5 %
Power Finance Corporation Limited	1.5 %
REC Limited	1.5 %
National Bank for Agriculture and Rural Development	1.5 %
Bajaj Finance Limited	1.5 %
LIC Housing Finance Limited	1.5 %
Small Industries Development Bank of India	1.1 %
TREPS / Reverse Repo Investments	1.1 %
India Universal Trust	0.9 %
Muthoot Finance Limited	0.8 %
Muthoot Finance Limited	0.8 %
National Bank for Financing Infrastructure and Development	0.8 %
7.10% GOI 2034	0.8 %
Small Industries Development Bank of India	0.8 %
Bharti Telecom Limited	0.8 %
8.51% GOI FRB 2033	0.8 %
REC Limited	0.8 %
Cholamandalam Investment and Finance Company Limited	0.8 %
Bajaj Finance Limited	0.8 %
7.10% GOI 2029	0.8 %
Titan Company Limited	0.8 %
LIC Housing Finance Limited	0.8 %
6.79% GOI 2034	0.8 %
HDB Financial Services Limited	0.8 %
Power Finance Corporation Limited	0.8 %
Power Finance Corporation Limited	0.8 %
National Housing Bank	0.7 %
Cholamandalam Investment and Finance Company Limited	0.7 %
National Bank for Financing Infrastructure and Development	0.7 %
Cash & cash equivalents	0.6 %
Small Industries Development Bank of India	0.2 %
View All Holdings	33.2 %16.3 %

Holdings	Weight %
Arbitrage Holdings	35.2 %

Indicators

Yield to Maturity

6.70 %

Modified Duration

2.87 Years

Portfolio Macaulay Duration

3.02 Years

Average Maturity

3.83 Years

Portfolio turnover ratio

4.94 last 12 months

Portfolio turnover ratio - Directional Equity

0.31 last 12 months

Standard Deviation

6.44 %

Sharpe Ratio

1.29

Beta

0.78

R-Squared

79.66 %

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		CRISIL Hybrid 50+50 - Moderate… ^{^}		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

CRISIL Hybrid 50+50 - …

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: Feb 06, 2014.

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 Dynamic Asset Allocation Fund?

DSP dynamic asset allocation fund is a hybrid fund which dynamically manages allocation between equity & debt. They are also referred as Balanced Advantage Funds by some.
The fund manager takes into account market valuations, technical signals, market volatility etc. to determine equity & debt allocation. The fund adjusts the equity-debt balance dynamically based on changes in market conditions.
As the market starts rising & stock valuations turn frothy, it reduces equity exposure & when markets fall, it looks to increase equity exposure to follow the basic investment principle of 'buy low, sell high'.
Fund manager also has flexibility to hedge/reduce equity allocation during market downcycle to minimise loss to the investors.
Fund tries to address 2 key investor's behavioural biases:
- Fear of Loss - By reducing/hedging equity allocation during market downcycle.
- Fear of Missing out - By increasing equity allocation during bull market.

Why should one invest in DSP Dynamic Asset Allocation Fund?

Offers smoother investment journey with debt allocation along with opportunity of growth by investing in equities.
It tries to reduce the impact of market fluctuations in the portfolio.
Potential capital preservation during falling markets through debt allocation.
Removes hassle of asset allocation by investor in tax-efficient way.

Who should invest in DSP Dynamic Asset Allocation Fund?

Consider this fund if you
- Want to invest in the equity markets but don't know how to begin.
- Get confused by the noise when markets fluctuate.
- Have the patience & mental resilience to remain invested despite ups & downs.
- Recognize market falls as good times to invest even more.
- Recognize equity investing means exposure to risk..
- Are not looking to chase the highest returns.
- Can be used by investor who require periodic cashflow and capital growth by doing SWP.

Rethink before you invest

Dynamic Asset Allocation Fund has allocation to equities which may carries High Risk.
Dynamic asset allocation will not remove the risks arising from market falls altogether, it aims to reduce the impact & smoothen your journey.
This fund will not help you time the markets.
This fund may under-perform the equity market during sudden bull-runs.

Fund managers:

Rohit Singhania

Total work experience of 24 years. Managing this fund since November 2023.

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Total work experience of 24 years. Managing this fund since November 2023.

arrow_forwardSee funds managed by him

arrow_forwardSee his investing philosophy

Shantanu Godambe

Total work experience of 18 years. Managing this fund since January 2025.

arrow_forwardSee funds managed by him

Total work experience of 18 years. Managing this fund since January 2025.

arrow_forwardSee funds managed by him

Kaivalya Nadkarni

Total work experience of 6 years. Managing this fund since October 2024.

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Total work experience of 6 years. Managing this fund since October 2024.

arrow_forwardSee funds managed by her

Rohit is a Research Analyst focusing on sectors like Auto, Auto Ancillaries, Metals, Infrastructure, Sugar and Hotels. He is the Co-Fund Manager for DSP India T.I.G.E.R. Fund since June 2010. Rohit joined DSP Asset Managers in September 2005, as Portfolio Analyst for the firm's Portfolio Management Services (PMS) division. He was transferred to the Institutional Equities Team of DSP Asset Managers in June 2009. Previously, he was with HDFC Securities Limited as a part of its Institutional Equities Research Desk. He spent 13 months at HDFC Securities as Sr. Equity Analyst.

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

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

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

Kaivalya joined DSP in September 2024. She has over 6 years of work experience across Fund Management, Equity Dealing and Fund Accounting. Prior to joining DSP she has worked with ICICI Prudential AMC. Kaivalya is a Chartered Accountant from the Institute of Chartered Accountants of India. She has also cleared the Company Secretary Professional Level from the Institute of Company Secretaries of India and CFA Level III Examination from the CFA Institute.

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 investment objective of the Scheme is to seek capital appreciation by dynamically managing the asset allocation between equity and debt securities.
The Scheme intends to generate long-term capital appreciation by investing in equity and equity related instruments and seeks to generate income through investments in debt securities, arbitrage and other derivative strategies.
However, there can be no assurance that the investment objective of the scheme will be achieved.

Fund Type

Hybrid

Dynamic Asset Allocation

An open ended dynamic asset allocation fund

Riskometer

Level of Risk in the fund

View details

Minimum Investment

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

Tax Implications (Applies to redemptions or transfers made on or after April 1, 2025)

Taxation category - Equity Oriented Fund Sub Category - Dynamic Asset Allocation/Balanced Advantage

Holding period	Capital gain type	Applicable tax rate
More than 12 months	Long term	12.5 %
12 months or less	Short term	20 %

Mutual fund taxation is based on the fund’s taxation category, sub-category, and holding period. The applicable tax rates are subject to prevailing tax laws, including surcharges, cess, and exemptions. Please consult a tax advisor for personalized guidance. View detailed tax guide

FAQs

There are two primary ways to invest in the DSP Dynamic Asset Allocation Fund. The first is to invest through the DSP Mutual Fund's website. The second is to invest through a SEBI registered market intermediary. It is important to understand that mutual fund schemes including DSP Dynamic Asset Allocation Fund have two Plans, direct and regular. The main difference between the direct and regular Plan is the expense ratio associated with the two Plans. Expense ratio is the fee charged by the mutual fund house for managing your investment it is charged on percentage basis annually (Expense ratio is subject to change in future depending on various factors). In case of the regular Plan of a mutual fund scheme the expense ratio is higher than the expense ratio charged in case of the direct Plan. The reason for this is that the regular Plan of a mutual fund scheme is typically distributed /sold through a SEBI registered intermediary such as mutual fund distributor (which can be an individual or a bank or even online platform) and a part of the expense ratio is used for compensating the intermediary for his/her efforts in selling the mutual fund scheme. DSP Dynamic Asset Allocation Fund also has two plans of the mutual fund scheme, which are (a) the direct plan and (b) the regular plan. You can invest in the direct plan of the mutual fund scheme through zero brokerage platforms or through the website of the DSP Mutual Fund. You can invest in the regular plan through a mutual fund distributor.

Any investor can redeem his/her mutual funds units of DSP Dynamic Asset Allocation Fund by following the below-mentioned steps: (i) login into your investment platform: Login into your investment account with your investment app/website using your login credentials. Investment app/website will be the platform through which you made the investment in DSP Dynamic Asset Allocation Fund initially, it may be DSP Mutual Fund's website or a mobile app or a brokerage firm's website; (ii) find your mutual fund units: ideally, your investment platform will enumerate all the mutual fund investments you have made through that particular platform, locate the DSP Dynamic Asset Allocation Fund in your portfolio; (iii) initiate redemption: Select the "Redeem" or "Sell" option for your DSP Dynamic Asset Allocation Fund units; (iv) enter redemption details: enter the number of mutual fund units you wish to redeem or alternatively the amount you intend to withdraw; (iv) confirm redemption: review the redemption details and confirm your redemption request; (v) await confirmation: ideally investor's redemption request will be immediately registered within the system and a confirmation message will appear. The processing time for transfer of funds may vary depending on the investment platform and the time of the day the redemption request is submitted; (g) receipt of funds: once the redemption request is processed, the funds will be credited to the bank account linked to your investment platform within a TAT (turn-around-time) of 2 or 3 days.

The expense ratio is an annual expense charged to the mutual fund investors investing in any mutual fund by the mutual fund house (expense ratio is subject to change in future depending on various factors). Essentially it is a fee charged in exchange of for providing the investment service by the mutual fund house. It covers operational as well as management expenses of the mutual fund house. Mutual fund schemes have two plans: regular and direct. The direct plan of a particular mutual fund scheme has a lower expense ratio when compared with the regular plan of the mutual fund scheme. Typically, regular plan have a higher expense ratio than the direct plan because typically they are sold through a SEBI registered intermediary, i.e., a mutual fund distributor. A higher expense ratio for regular plan is needed in order to ensure that the mutual fund distributor is also compensated for distributing/selling the mutual fund scheme.

DSP Dynamic Asset Allocation Fund is a Hybrid Mutual Fund offered by the DSP Mutual Fund house. Hybrid Mutual Funds are those mutual funds which have the flexibility to invest in debt as well as equity securities. Hybrid Mutual Fund category has multiple sub-categories. DSP Dynamic Asset Allocation Fund is specifically from the Dynamic Asset Allocation Fund category. The Scheme retains the flexibility to invest across all the securities in the debt and money markets as permitted by SEBI / RBI from time to time, including schemes of mutual funds.

DSP Mutual Fund and its schemes are not registered in any jurisdiction, except the Schemes viz. DSP Equity Opportunities Fund and DSP Dynamic Asset Allocation Fund, which are registered with the Securities and Commodities Authority (?the SCA?) in the United Arab Emirates (UAE). The distribution of the Schemes in UAE would be undertaken by Barjeel Geojit Securities LLC, which is a licensed local distributor registered with SCA. The distribution of this material in certain jurisdictions may be restricted or subject to registration requirements and, accordingly, persons who come into possession of this material in such jurisdictions are required to inform themselves about, and to observe, any such restrictions.
The construct of DSP Dynamic Asset Allocation Fund (?scheme?) is to dynamically manage the asset allocation of the Scheme based on a model.