up-arrow
arrow_back

DSP Mid Cap Fund

DSP Mid Cap Fund

share icon

Benchmark: Nifty Midcap 150 TRI info icon

8.68 lakh people have invested in this fund

View performance details

Return:

This fund

18.00%

Nifty Midcap 150 TRI

14.30%

NIFTY 50 TRI

14.15%

Invested

Earning

This fund

18.00%

Nifty Midcap 150 TRI

14.30%

NIFTY 50 TRI

14.15%

team 8.68 lakh people have invested in this fund as of

This is an Equity Diversified, Mid Cap fund with Nifty Midcap 150 TRI as its benchmark. The risk level for this fund is categorized as Very High Risk.

Total AUM

19,137.27 crores as of Jun 30, 2024

Age of Fund

17 years 8 months since Nov 14, 2006

Exit Load

1% upto 12 Months

Ideal holding period

10 Years+

Holdings

as of Jun 30, 2024

Bharat Forge Limited

3.59%

Supreme Industries Limited

3.30%

The Phoenix Mills Limited

3.19%

IPCA Laboratories Limited

3.05%

Coromandel International Limited

2.98%

Alkem Laboratories Limited

2.94%

UNO Minda Limited

2.88%

Mid Cap

71.90%

Small Cap

18.00%

Large Cap

10.00%

Auto Components

11.50%

Industrial Products

9.70%

Pharmaceuticals & Biotechnology

7.80%

It - Software

6.30%

Consumer Durables

6.30%

Rolling Returns

Bars show distribution of returns in given range for selected time period.

View performance details

Things to know before you invest

show iconhide icon

What is in DSP Mid Cap Fund?

  1. Mid Cap Fund invests in mid-sized companies that have the potential to become big.
  2. It looks for durable businesses run by able managers that generate strong financial metrics- businesses which can become future leaders.
  3. Mid-sized companies like these can offer more growth potential than larger companies but at lower risk levels than smaller-sized companies.
  1. Offers the potential to 'earn big' returns by utilizing this high-risk, high-return strategy.
  2. Can help you beat the impact of rising prices over the long-term.
  3. Can be a suitable choice for wealth accumulation using long-term SIP
  1. 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.
  1. 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.
  2. Please do not use recent or past returns as the only criteria to evaluate this fund.
  3. Mid Cap fund carries Very High Risk.
  4. In the past, there has been an occasion where this fund's NAV fell by 60% in 1 year.
  5. Over any 3 year rolling time period, this fund gave negative returns 5% of the times.

Fund managers:

Vinit Sambre

Vinit Sambre

Total work experience of 26 years. Managing this fund since July 2012.
Total work experience of 26 years. Managing this fund since July 2012.

right arrow iconSee funds managed by him

right arrow iconSee his investing philosophy

Resham Jain

Resham Jain

Total work experience of 19 years. Managing this fund since March 2018
Total work experience of 19 years. Managing this fund since March 2018

right arrow iconSee funds managed by him

Abhishek Ghosh

Abhishek Ghosh

Total work experience of 16 years. Managing this fund since September 2022.
Total work experience of 16 years. Managing this fund since September 2022.

right arrow iconSee funds managed by him

Jay Kothari

Jay Kothari

Total work experience of 19 years. Managing this fund since March 2018.
Total work experience of 19 years. Managing this fund since March 2018.

right arrow iconSee funds managed by him

Portfolio

Prescribed asset allocation: 65% - 100% Equity & equity related instruments of mid cap companies , 0% - 35% Other equity & equity related instruments , 0% - 35% *Debt and Money Market Securities , 0% - 10% Units of REITs & InvITs

Current Allocation

as of Jun 30, 2024

Top holdings

Bharat Forge Limited

3.59%

Supreme Industries Limited

3.30%

The Phoenix Mills Limited

3.19%

IPCA Laboratories Limited

3.05%

Coromandel International Limited

2.98%

Allocation by Market Cap

Mid Cap

71.90%

Small Cap

18.00%

Large Cap

10.00%

Top Sectors

Auto Components

11.03%

Industrial Products

9.34%

Pharmaceuticals & Biotechnology

7.46%

It - Software

6.04%

Consumer Durables

6.04%

Top holdings

No Data to display

Top holdings

TREPS / Reverse Repo Investments

4.00%

Cash & cash equivalents

-0.04%

Credit rating profile

Cash & Equivalent

100.00%

Instrument break-up

TREPS

100.00%


Indicators

Portfolio turnover ratio

0.39 last 12 months

Compare Performance

Performance highlights over last

for

investment

Cumulative returns on

Annual returns

Current value

Min CAGR:
MedianCAGR:
Max CAGR:

Good Returns

return card icon

Negative Returns

return card icon

vs Category

return card icon

vs Benchmark

return card icon

  • Historical Returns (As per SEBI format)as of with investment of10,000

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 IDCW per unit NAV Before NAV After

Chart type

Invested as

Invested Amount

Invested since

This fund

Vs

Nifty Midcap 150 TRI

NIFTY 50 TRI

Gold

PPF

Funds Annual returns Current Value Absolute Growth

Chart type:

Invested as

Invested Amount

Invested period

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

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.

^ Fund Benchmark # Additional Benchmark

Fund Details

Fund Details

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

FAQs

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 (Click here). If you are an existing DSP Mutual Fund, you can start investing straight away. If you are new to DSP Mutual Funds, you will have to create a portfolio by filling out the necessary details. If you are new to Mutual Funds, you will have to fulfil KYC requirements. Follow the on-screen instructions to get started. You can also invest in DSP Midcap Fund through your mutual fund distributor.

The recommended duration for staying invested in DSP mid-cap mutual funds is typically around five years or longer. This time frame allows you to capitalize on the growth potential and / or valuation re-rating of mid-sized companies while mitigating the impact of short-term market fluctuations. However, the ideal holding period can vary based on individual financial goals and risk tolerance. Patience is paramount, as mid-cap stocks may require time to realize their growth potential. Over longer investment tenures investors can benefit from the power of compounding. Investors should be prepared for market volatility and maintain a goal-oriented approach throughout their investment journey.

Midcap funds invest minimum 65% of their assets in 101st to 250th companies by market capitalization segments across industry sectors. Different midcap funds have different investment styles and strategies. DSP Midcap Fund uses bottom up approach to select stocks focusing on High ROE and earnings growth. The fund tends to avoid companies with corporate governance issues, capital misallocation, are sensitive to changing regulations, in highly cyclical industries, with red flags in related party transactions and with complex organizational structures. In addition to quantitative factors, DSP Midcap Fund uses the following qualitative factors to select stocks:-

  • Proven track record
  • Capital allocation
  • Stakeholder relationships
  • Governance standards
  • Leadership
  • Integrity and passion

Mid-cap funds generally have a higher level of risk compared to large-cap funds. The risk stems from the fact that mid-sized companies, while often having significant growth potential, may also be more vulnerable to economic downturns due to their smaller size. Furthermore, the valuations of midcap companies tend to run up faster than large caps, and hence they can experience deeper price corrections in volatile markets. Investors considering mid-cap mutual funds should carefully assess their risk tolerance, investment goals, and time horizon to make informed investment decisions.

Returns from mid-cap investments can vary widely and are influenced by market conditions, economic factors, the investment strategy of the fund manager and the investment horizon. Mid-cap stocks generally offer the potential for higher returns compared to large caps due to their growth prospects, but they also come with increased volatility and risk, in other words, they may underperform in the short term. Therefore, investors should have longer investment horizons in midcap fund compared to large cap funds.

Investors can check the past performance of DSP Midcap Fund by clicking on the performance section. One can check both lump sum and SIP returns. We have shown how DSP Midcap Fund has performed versus its benchmark index (Nifty Midcap 150 TRI) and its additional benchmark (Nifty 50 TRI) over last 1, 3, 5 years and since inception. One should always evaluate an equity fund?s performance over long investment periods.

Investors can invest in the DSP Midcap fund if they:

  • Are looking for capital appreciation over long investment horizon.
  • Are long term investors & willing to hold funds for at least 5 years.
  • Are SIP investors who are disciplined to continue SIP for long tenures.
  • Understand that these funds can be highly volatile in the short term. Investors should have high to very high risk appetite for these funds.
  • Have the patience & mental resilience to remain invested for minimum 5 years despite volatility.
  • Recognize market corrections as good opportunities to invest more according to their investment needs and risk appetite.
  • Investors should consult with their financial advisors or mutual fund distributors if DSP Mid Cap Fund is suitable for their investment needs.

team 8.68 lakh peoplehave invested in this fund as of