DSP Mid Cap Fund NAV trends and portfolio Overview

Total AUM

₹19,672.97 crores
as of May 31, 2026

Age of Fund

19 years 7 months since Nov 14, 2006

Exit Load

1%
upto 12 Months

Ideal holding period

10 Years+

Portfolio as of May 31, 2026

Equity 95.5%
Debt 4.5%

Indian (95.5%)

Large Cap	14.8%
Mid Cap	67.8%
Small Cap	12.9%

Holdings
Sectors

Holdings	Weight %
Coforge Limited	3.9 %
Cholamandalam Investment and Finance Company Limited	2.7 %
Fortis Healthcare Limited	2.7 %
Nippon Life India Asset Management Limited	2.5 %
Max Financial Services Limited	2.5 %
Bharat Forge Limited	2.4 %
The Phoenix Mills Limited	2.4 %
IPCA Laboratories Limited	2.3 %
The Federal Bank Limited	2.3 %
Voltas Limited	2.3 %
Jindal Steel Limited	2.3 %
Coromandel International Limited	2.3 %
KEI Industries Limited	2.2 %
Schaeffler India Limited	2.2 %
Multi Commodity Exchange of India Limited	2.2 %
AU Small Finance Bank Limited	2.2 %
Bharti Airtel Limited	2.1 %
Supreme Industries Limited	2.1 %
Kirloskar Oil Engines Limited	1.9 %
Samvardhana Motherson International Limited	1.9 %
JK Cement Limited	1.9 %
Alkem Laboratories Limited	1.8 %
ICICI Bank Limited	1.8 %
Tube Investments of India Limited	1.8 %
L & T Finance Limited	1.7 %
Indus Towers Limited	1.6 %
PB Fintech Limited	1.6 %
Dixon Technologies (India) Limited	1.6 %
Page Industries Limited	1.6 %
Polycab India Limited	1.6 %
Jubilant Ingrevia Limited	1.5 %
MphasiS Limited	1.4 %
UNO Minda Limited	1.4 %
Hindustan Petroleum Corporation Limited	1.4 %
Bank of India	1.4 %
Shriram Finance Limited	1.4 %
Techno Electric & Engineering Company Limited	1.3 %
APL Apollo Tubes Limited	1.3 %
Oil India Limited	1.3 %
Atul Limited	1.3 %
Apar Industries Limited	1.3 %
Apollo Tyres Limited	1.2 %
Power Finance Corporation Limited	1.2 %
KPIT Technologies Limited	1.2 %
Eternal Limited	1.2 %
Cholamandalam Financial Holdings Limited	1.1 %
Vishal Mega Mart Limited	1.1 %
Dhanuka Agritech Limited	0.9 %
PI Industries Limited	0.9 %
Mahindra & Mahindra Limited	0.9 %
Gujarat Fluorochemicals Limited	0.9 %
Hitachi Energy India Limited	0.9 %
Alembic Pharmaceuticals Limited	0.8 %
Emami Limited	0.7 %
Cyient Limited	0.7 %
Aster DM Healthcare Limited	0.6 %
Lenskart Solutions Limited	0.6 %
HDB Financial Services Limited	0.4 %
Westlife Foodworld Limited	0.4 %
Syngene International Limited	0.4 %
LG Electronics India Limited	0.0 %
SRF Limited	0.0 %
View All Holdings	95.5 % 26.1 %

Sectors Weight %

Auto Components 10.9 %

Bharat Forge Limited 2.4 %

Schaeffler India Limited 2.2 %

Samvardhana Motherson International Limited 1.9 %

Tube Investments of India Limited 1.8 %

UNO Minda Limited 1.4 %

Apollo Tyres Limited 1.2 %

Industrial Products 9.1 %

KEI Industries Limited 2.2 %

Supreme Industries Limited 2.1 %

Kirloskar Oil Engines Limited 1.9 %

Polycab India Limited 1.6 %

APL Apollo Tubes Limited 1.3 %

Finance 8.5 %

Cholamandalam Investment and Finance Company Limited 2.7 %

L & T Finance Limited 1.7 %

Shriram Finance Limited 1.4 %

Power Finance Corporation Limited 1.2 %

Cholamandalam Financial Holdings Limited 1.1 %

HDB Financial Services Limited 0.4 %

Banks 7.6 %

The Federal Bank Limited 2.3 %

AU Small Finance Bank Limited 2.2 %

ICICI Bank Limited 1.8 %

Bank of India 1.4 %

IT - Software 6.6 %

Coforge Limited 3.9 %

MphasiS Limited 1.4 %

KPIT Technologies Limited 1.2 %

Pharmaceuticals & Biotechnology 4.9 %

IPCA Laboratories Limited 2.3 %

Alkem Laboratories Limited 1.8 %

Alembic Pharmaceuticals Limited 0.8 %

Capital Markets 4.7 %

Nippon Life India Asset Management Limited 2.5 %

Multi Commodity Exchange of India Limited 2.2 %

Fertilizers & Agrochemicals 4.1 %

Coromandel International Limited 2.3 %

PI Industries Limited 0.9 %

Dhanuka Agritech Limited 0.9 %

Consumer Durables 3.9 %

Voltas Limited 2.3 %

Dixon Technologies (India) Limited 1.6 %

LG Electronics India Limited 0.0 %

Telecom - Services 3.7 %

Bharti Airtel Limited 2.1 %

Indus Towers Limited 1.6 %

View All Sectors Expand All

64.2 %

Equity includes Stocks, Domestic Fund of Funds and ETFs

Indian (4.5%)

Credit rating profile	Weight %
Cash & Equivalent	4.5 %

Instrument break-up	Weight %
TREPS	4.3 %

Holdings	Weight %
TREPS / Reverse Repo Investments	4.3 %
Cash & cash equivalents	0.2 %
	4.5 %

Indicators

Portfolio turnover ratio

0.2238 last 12 months

Standard Deviation

18.24 %

Sharpe Ratio

0.71

Beta

0.96

R-Squared

92.44 %

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 Midcap 150 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 Midcap 150 TRI

NIFTY 50 TRI

Gold

PPF

	Funds	Annual returns	Current Value	Absolute Growth	IDCW paid

Chart type:

Returns RangesStatistics

Invested Amount

₹

Rolling period

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

Click here to view the information ratio of the scheme.

Date of allotment: Nov 14, 2006.

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 Institutional 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 Mid Cap Fund?

Mid Cap Fund invests in mid-sized companies that have the potential to become big.
It looks for durable businesses run by able managers that generate strong financial metrics- businesses which can become future leaders.
Mid-sized companies like these can offer more growth potential than larger companies but at lower risk levels than smaller-sized companies.

Why should one invest in DSP Mid Cap Fund?

Offers the potential to 'earn big' returns by utilizing this high-risk, high-return strategy.
Can help you beat the impact of rising prices over the long-term.
Can be a suitable choice for wealth accumulation using long-term SIP

Who should invest in DSP Mid Cap Fund?

Consider this fund if you
- Are LONG-TERM investors & willing to hold fund for atleast 10 years.
- SIP investors who are disciplined to continue SIP for longer tenure.
- Are an experienced investor with a well-set core portfolio & know what you're doing.
- Are looking to tactically allocate 10-15% of your overall portfolio to very high-risk opportunities.
- Understand that there is very high risk involved in this category of funds in the quest for high returns.
- Have the patience & mental resilience to remain invested for a decade or more.
- Recognize market falls as good opportunities to invest more.

Rethink before you invest

NAV of the fund is likely to fluctuate a lot more than other diversified equity funds as smaller companies are more prone to economic shocks.
Please do not use recent or past returns as the only criteria to evaluate this fund.
Mid Cap fund carries Very High Risk.

Fund managers:

Vinit Sambre

Total work experience of 28 years. Managing this fund since July 2012.

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Total work experience of 28 years. Managing this fund since July 2012.

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arrow_forwardSee his investing philosophy

Abhishek Ghosh

Total work experience of 18 years. Managing this fund since September 2022.

arrow_forwardView funds managed

Total work experience of 18 years. Managing this fund since September 2022.

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Vinit joined DSPIM in July 2007 as a 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 part of its Global Private Client business. He spent 20 months at DSP Merrill Lynch as an Equity Strategist. Prior to DSP Merrill Lynch, he was employed with IL&FS Investsmart Limited as an Equity Analyst in their PMS division. He also worked with UTI Investment Advisory Services as an Equity Analyst for the offshore fund ? India Growth Fund. Vinit is a Chartered Accountant from the Institute of Chartered Accountants 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) until May 31, 2020. Mr. Vinit Sambre has been managing these schemes (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.

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

Abhishek joined DSP Mutual Fund in September 2018 as Assistant Vice President in the Equity Team. His prior experience includes working at Motilal Oswal, IDFC Securities, BNP Paribas, B&K Securities, and Edelweiss Financial Services. He has an MBA in Finance and holds a Bachelor?s degree in Electronics Engineering.

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 is to seek to generate long term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities of mid-cap companies. From time to time, the fund manager will also seek participation in other equity and equity related securities to achieve optimal portfolio construction.
There is no assurance that the investment objective of the Scheme will be realized

Fund Type

Equity – Diversified

Mid Cap Fund

An open ended equity scheme predominantly investing in mid cap stocks

Riskometer

Level of Risk in the fund

View details

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

Taxation category - Equity Oriented Fund Sub Category - Equity Schemes

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

Transaction timelines

Purchase (including SIP) Redemption (including SWP) Switch-out (including STP-out) Switch-in (including STP-in)

NAV You Get	Cut-off Time	Processing Timeline
Same-day NAV (if money is received before cut-off)	3:00 PM (business days)	Units added to your folio on T+1 days (if money is received before cut-off).

NAV You Get	Cut-off Time	Processing Timeline
Same-day NAV (if request is placed before cut-off)	3:00 PM (business days)	Redemption processed on T+1 business days. Money credited to your bank account by T+2 business days.

NAV You Get	Cut-off Time	Processing Timeline
Same-day NAV (if request is placed before cut-off)	3:00 PM (business days)	Switch-out processed on T+2 business days

NAV You Get	Cut-off Time	Processing Timeline
NAV of this scheme	3:00 PM (business days)	Units added on T+1 business days after the switch-out from the source scheme.

NAV You Get	Cut-off Time	Processing Timeline
NA	NA	Money credited instantly.

Requests after cut-off are processed using next business day's NAV.
Business days: Monday to Friday (excluding public holidays).
No transactions are processed on weekends or public holidays. Click here to view the list of Non-Business Days.
T+1, T+3, T+5 refer to 1 / 3 / 5 working days after the transaction day.
Kindly note that the processing timeline for Switch-In transactions is governed by the TAT of the respective Switch-Out scheme. Hence the Switch-Out TAT should be referred to for estimating the Switch-In timeline.

FAQs

Mid Cap funds invest in mid-sized companies that have the potential to become big. SEBI defines companies ranked 101st to 250th companies by market capitalization as midcap companies. As per SEBI's, mandate midcap funds should invest minimum 65% of their assets in midcap companies. The balance 35% in midcap funds can be invested in large cap, small cap or other asset classes.

Mid-sized companies like these can offer more growth potential than larger companies but at lower risk levels than smaller-sized companies. Midcap companies can be market leaders in certain industry sectors or sub-sectors / niches. They can also be challengers to large caps in certain sectors. These businesses tend to be less capital intensive, more nimble and innovative than large caps. At the same time, they tend to be more stable than small caps due to their size and balance sheet strengths.

Mid-sized companies are often under-researched compared to large caps, leading to more inefficiency in price discovery.. This provides opportunities to fund managers of identifying stocks that are trading at significant discounts to their fair values and benefits of valuation re-rating in the future. This can create significant alphas for investors.

From a risk / return perspective, midcap funds are somewhere between large caps and small caps. They offer greater growth potential than large caps and are less volatile than small caps.

Long term investors & are willing to remain invested for at least 5 years.
SIP investors who are disciplined to continue SIP for longer tenure.
Investors who are prepared for higher volatility in the quest for higher returns.
Experienced investors who can take advantage for market corrections as good opportunities to invest more.
Investors can tactically allocate 10-15% or even higher of their overall portfolio to midcap funds depending on their risk appetite.
It's important for investors to understand the associated risks, and align their investment goals with the risk / return characteristics of mid-cap funds.

When investors redeem their mid-cap fund units, they may incur capital gains or losses. There are two types of capital gains: short-term and long-term depending on the investment holding period.

Short-term capital gains: If the holding period of mid-cap fund units is less than 1 year, gains (if any) are considered to be short-term capital gains. Short-term capital gains in equity funds are taxed at 15%.

Long-term capital gains in excess of Rs 1 lakh in a financial year are taxed at 10%.

Income Distribution cum capital withdrawals (IDCW) or dividends are taxed as per the income tax rate of the investor.

Click on the green INVEST button on the left-hand side of the webpage (Resend

Holdings	Weight %
Total (%)

Sector	Weight %
Total (%)

Email ID	ABH************[email protected]
Mobile no.	******6665

	Folio no.	Email ID	Mobile no.
	70****76	abh************[email protected]	******6665
	42***02	abh************[email protected]	******6665

DSP Mid Cap Fund

DSP Mid Cap Fund