DSP Dynamic Asset Allocation Fund Direct Growth

Fund Overview

Fund Size

₹3,217 Cr

Expense Ratio

0.73%

ISIN

INF740K01K81

Minimum SIP

₹100

Exit Load

1.00%

Inception Date

06 Feb 2014

About this fund

DSP Dynamic Asset Allocation Fund Direct Growth is a Dynamic Asset Allocation mutual fund schemes offered by DSP Mutual Fund. This fund has been in existence for 11 years, 2 months and 13 days, having been launched on 06-Feb-14.
As of 17-Apr-25, it has a Net Asset Value (NAV) of ₹30.57, Assets Under Management (AUM) of 3216.51 Crores, and an expense ratio of 0.73%.

DSP Dynamic Asset Allocation Fund Direct Growth has given a CAGR return of 10.50% since inception.
The fund's asset allocation comprises around 38.71% in equities, 29.46% in debts, and 31.83% in cash & cash equivalents.
You can start investing in DSP Dynamic Asset Allocation Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹100.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+13.33%

+5.87% (Cat Avg.)

3 Years

+12.16%

+10.82% (Cat Avg.)

5 Years

+13.56%

+14.57% (Cat Avg.)

10 Years

+10.09%

+9.33% (Cat Avg.)

Since Inception

+10.50%

— (Cat Avg.)

Portfolio Summaryas of 31st March 2025

Equity	₹1,245.04 Cr	38.71%
Debt	₹947.68 Cr	29.46%
Others	₹1,023.78 Cr	31.83%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Cash Offset For Derivatives	Cash - General Offset	₹895.84 Cr	27.85%
Future on HDFC Bank Ltd	Equity - Future	₹-169.81 Cr	5.28%
HDFC Bank Ltd	Equity	₹169.25 Cr	5.26%
7.32% Govt Stock 2030	Bond - Gov't/Treasury	₹111.97 Cr	3.48%
State Bank of India	Equity	₹106.76 Cr	3.32%
Future on Adani Enterprises Ltd	Equity - Future	₹-101.46 Cr	3.15%
Adani Enterprises Ltd	Equity	₹101.08 Cr	3.14%
ICICI Bank Ltd	Equity	₹80.05 Cr	2.49%
Future on Tata Power Co Ltd	Equity - Future	₹-78.06 Cr	2.43%
Treps / Reverse Repo Investments	Cash - Repurchase Agreement	₹77.78 Cr	2.42%
Tata Power Co Ltd	Equity	₹77.74 Cr	2.42%
Larsen & Toubro Ltd	Equity	₹70.79 Cr	2.20%
7.06% Govt Stock 2028	Bond - Gov't/Treasury	₹63.02 Cr	1.96%
NTPC Ltd	Equity	₹59.36 Cr	1.85%
Future on Bandhan Bank Ltd	Equity - Future	₹-57.28 Cr	1.78%
Bandhan Bank Ltd	Equity	₹56.93 Cr	1.77%
Future on Reliance Industries Ltd	Equity - Future	₹-55.81 Cr	1.74%
Reliance Industries Ltd	Equity	₹55.53 Cr	1.73%
Bajaj Finance Limited	Bond - Corporate Bond	₹54.14 Cr	1.68%
7.17% Govt Stock 2030	Bond - Gov't/Treasury	₹53.08 Cr	1.65%
Power Finance Corporation Ltd.	Bond - Corporate Bond	₹51.03 Cr	1.59%
Rural Electrification Corporation Limited	Bond - Corporate Bond	₹50.75 Cr	1.58%
Bajaj Finserv Ltd	Equity	₹50.67 Cr	1.58%
SBI Life Insurance Co Ltd	Equity	₹49.66 Cr	1.54%
Future on State Bank of India	Equity - Future	₹-49.32 Cr	1.53%
Bharti Airtel Ltd	Equity	₹49.03 Cr	1.52%
Future on Hindustan Aeronautics Ltd Ordinary Shares	Equity - Future	₹-47 Cr	1.46%
Hindustan Aeronautics Ltd Ordinary Shares	Equity	₹46.75 Cr	1.45%
Coal India Ltd	Equity	₹46.66 Cr	1.45%
Max Financial Services Ltd	Equity	₹41.54 Cr	1.29%
Hindustan Unilever Ltd	Equity	₹40.96 Cr	1.27%
ITC Ltd	Equity	₹39.3 Cr	1.22%
Cipla Ltd	Equity	₹38.71 Cr	1.20%
Future on Larsen & Toubro Ltd	Equity - Future	₹-36.96 Cr	1.15%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹36.49 Cr	1.13%
Samvardhana Motherson International Ltd	Equity	₹35.84 Cr	1.11%
Tata Motors Ltd	Equity	₹35.57 Cr	1.11%
Mahindra & Mahindra Ltd	Equity	₹35.17 Cr	1.09%
Bharat Petroleum Corp Ltd	Equity	₹35.08 Cr	1.09%
Future on Vedanta Ltd	Equity - Future	₹-33.28 Cr	1.03%
Vedanta Ltd	Equity	₹33.15 Cr	1.03%
Kirloskar Oil Engines Ltd	Equity	₹31.95 Cr	0.99%
Infosys Ltd	Equity	₹31.53 Cr	0.98%
Future on Kotak Mahindra Bank Ltd	Equity - Future	₹-31.44 Cr	0.98%
Kotak Mahindra Bank Ltd	Equity	₹31.35 Cr	0.97%
INDIA UNIVERSAL TRUST AL1	Bond - Asset Backed	₹31.23 Cr	0.97%
Future on GMR Airports Ltd	Equity - Future	₹-30.83 Cr	0.96%
GMR Airports Ltd	Equity	₹30.67 Cr	0.95%
Radico Khaitan Ltd	Equity	₹29.59 Cr	0.92%
HCL Technologies Ltd	Equity	₹28.67 Cr	0.89%
Hindustan Petroleum Corp Ltd	Equity	₹28.41 Cr	0.88%
GAIL (India) Ltd	Equity	₹27.27 Cr	0.85%
Cholamandalam Investment And Fin. Co. Ltd	Bond - Corporate Bond	₹26.85 Cr	0.83%
National Housing Bank	Bond - Corporate Bond	₹26.8 Cr	0.83%
National Bank For Financing Infrastructure And Development	Bond - Corporate Bond	₹26.73 Cr	0.83%
7.1% Govt Stock 2034	Bond - Gov't/Treasury	₹26.67 Cr	0.83%
Mankind Pharma Ltd	Equity	₹26.54 Cr	0.83%
Muthoot Finance Limited	Bond - Corporate Bond	₹26.43 Cr	0.82%
Muthoot Finance Limited	Bond - Corporate Bond	₹26.4 Cr	0.82%
7.1% Govt Stock 2029	Bond - Gov't/Treasury	₹26.36 Cr	0.82%
NMDC Ltd	Equity	₹26.23 Cr	0.82%
Life Insurance Corporation of India	Equity	₹26.05 Cr	0.81%
Bharti Telecom Limited	Bond - Corporate Bond	₹26 Cr	0.81%
Cholamandalam Investment And Fin. Co. Ltd	Bond - Corporate Bond	₹25.83 Cr	0.80%
Titan Company Limited	Bond - Corporate Bond	₹25.82 Cr	0.80%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹25.78 Cr	0.80%
Rural Electrification Corporation Limited	Bond - Corporate Bond	₹25.73 Cr	0.80%
Bajaj Finance Limited	Bond - Corporate Bond	₹25.55 Cr	0.79%
LIC Housing Finance Limited	Bond - Corporate Bond	₹25.4 Cr	0.79%
Power Finance Corporation Limited	Bond - Corporate Bond	₹25.36 Cr	0.79%
HDB Financial Services Ltd.	Bond - Corporate Bond	₹25.26 Cr	0.79%
Power Finance Corporation Limited**	Bond - Corporate Bond	₹25.23 Cr	0.78%
Future on Bank of Baroda	Equity - Future	₹-24.66 Cr	0.77%
182 DTB 10072025	Bond - Gov't/Treasury	₹24.57 Cr	0.76%
Bank of Baroda	Equity	₹24.53 Cr	0.76%
Century Plyboards (India) Ltd	Equity	₹24.5 Cr	0.76%
Axis Bank Ltd	Equity	₹24.41 Cr	0.76%
HDFC Bank Limited	Cash - CD/Time Deposit	₹24.09 Cr	0.75%
364 DTB 06112025	Bond - Gov't/Treasury	₹24.07 Cr	0.75%
Emami Ltd	Equity	₹23.54 Cr	0.73%
Power Finance Corp Ltd	Equity	₹23.27 Cr	0.72%
Coforge Ltd	Equity	₹21.26 Cr	0.66%
Future on Vodafone Idea Ltd	Equity - Future	₹-20.39 Cr	0.63%
Vodafone Idea Ltd	Equity	₹20.24 Cr	0.63%
Engineers India Ltd	Equity	₹20.17 Cr	0.63%
Future on DLF Ltd	Equity - Future	₹-19.47 Cr	0.61%
DLF Ltd	Equity	₹19.37 Cr	0.60%
Future on Ambuja Cements Ltd	Equity - Future	₹-19.26 Cr	0.60%
Navin Fluorine International Ltd	Equity	₹19.2 Cr	0.60%
Ambuja Cements Ltd	Equity	₹19.19 Cr	0.60%
Titan Company Limited Apr25**	Equity - Future	₹-17.99 Cr	0.56%
Titan Co Ltd	Equity	₹17.91 Cr	0.56%
Cholamandalam Investment and Finance Co Ltd	Equity	₹17.15 Cr	0.53%
Future on Punjab National Bank	Equity - Future	₹-16.74 Cr	0.52%
Punjab National Bank	Equity	₹16.69 Cr	0.52%
Mrs Bectors Food Specialities Ltd Ordinary Shares	Equity	₹16.39 Cr	0.51%
JK Cement Ltd	Equity	₹15.98 Cr	0.50%
Gujarat Fluorochemicals Ltd Ordinary Shares	Equity	₹14.79 Cr	0.46%
Net Receivables/Payables	Cash	₹14.56 Cr	0.45%
Future on Tata Steel Ltd	Equity - Future	₹-13.9 Cr	0.43%
Tata Steel Ltd	Equity	₹13.83 Cr	0.43%
Cash Margin	Cash	₹11.5 Cr	0.36%
Welspun Living Ltd	Equity	₹10.77 Cr	0.33%
La Opala RG Ltd	Equity	₹10.71 Cr	0.33%
The Indian Hotels Company Limited Apr25**	Equity - Future	₹-9.58 Cr	0.30%
Indian Hotels Co Ltd	Equity	₹9.53 Cr	0.30%
Future on HDFC Life Insurance Co Ltd	Equity - Future	₹-9.15 Cr	0.28%
HDFC Life Insurance Co Ltd	Equity	₹9.13 Cr	0.28%
Future on Power Grid Corp Of India Ltd	Equity - Future	₹-8.98 Cr	0.28%
Power Grid Corp Of India Ltd	Equity	₹8.94 Cr	0.28%
JNK India Ltd	Equity	₹8.64 Cr	0.27%
Future on Container Corporation of India Ltd	Equity - Future	₹-8.48 Cr	0.26%
Container Corporation of India Ltd	Equity	₹8.44 Cr	0.26%
Future on United Spirits Ltd	Equity - Future	₹-7.56 Cr	0.24%
United Spirits Ltd	Equity	₹7.55 Cr	0.23%
Future on Adani Ports & Special Economic Zone Ltd	Equity - Future	₹-7.27 Cr	0.23%
Adani Ports & Special Economic Zone Ltd	Equity	₹7.24 Cr	0.23%
Future on Escorts Kubota Ltd	Equity - Future	₹-7.11 Cr	0.22%
Escorts Kubota Ltd	Equity	₹7.07 Cr	0.22%
Future on Hindalco Industries Ltd	Equity - Future	₹-6.91 Cr	0.21%
Hindalco Industries Ltd	Equity	₹6.88 Cr	0.21%
Future on Biocon Ltd	Equity - Future	₹-5.84 Cr	0.18%
Biocon Ltd	Equity	₹5.81 Cr	0.18%
Symphony Ltd	Equity	₹5.78 Cr	0.18%
Indigo Paints Ltd Ordinary Shares	Equity	₹5.4 Cr	0.17%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹5.13 Cr	0.16%
Syngene International Ltd	Equity	₹1.46 Cr	0.05%
Future on Hindustan Copper Ltd	Equity - Future	₹-1.29 Cr	0.04%
Hindustan Copper Ltd	Equity	₹1.29 Cr	0.04%

Allocation By Market Cap (Equity)

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹727.45 Cr	22.62%
Energy	₹266.76 Cr	8.29%
Industrials	₹231.72 Cr	7.20%
Basic Materials	₹180.43 Cr	5.61%
Utilities	₹173.31 Cr	5.39%
Consumer Cyclical	₹161.26 Cr	5.01%
Consumer Defensive	₹157.33 Cr	4.89%
Technology	₹81.46 Cr	2.53%
Healthcare	₹72.53 Cr	2.25%
Communication Services	₹69.27 Cr	2.15%
Real Estate	₹19.37 Cr	0.60%

Risk & Performance Ratios

Fund Managers

Rohit Singhania

Since November 2023

Dhaval Gada

Since September 2022

Shantanu Godambe

Since January 2025

Kaivalya Nadkarni

Since October 2024

Additional Scheme Detailsas of 31st March 2025

ISIN

INF740K01K81

Expense Ratio

0.73%

Exit Load

1.00%

Fund Size

₹3,217 Cr

Age

11 years 2 months

Lumpsum Minimum

₹100

Fund Status

Open Ended Investment Company

Benchmark

CRISIL Hybrid 50+50 - Moderate TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Dynamic Asset Allocation Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Unifi Dynamic Asset Allocation Fund Direct Growth High Risk	-	1.0%	-	-
Unifi Dynamic Asset Allocation Fund Regular Growth High Risk	-	1.0%	-	-
Canara Robeco Balanced Advantage Fund Regular Growth Very High Risk	2.1%	1.0%	₹1438.82 Cr	-
Canara Robeco Balanced Advantage Fund Direct Growth Very High Risk	0.8%	1.0%	₹1438.82 Cr	-
Helios Balanced Advantage Fund Direct Growth Moderately High risk	0.8%	1.0%	₹292.94 Cr	7.8%
Helios Balanced Advantage Fund Regular Growth Moderately High risk	2.4%	1.0%	₹292.94 Cr	6.1%
Parag Parikh Dynamic Asset Allocation Fund Regular Growth Moderate Risk	0.6%	1.0%	₹1761.42 Cr	10.5%
Parag Parikh Dynamic Asset Allocation Fund Direct Growth Moderate Risk	0.3%	1.0%	₹1761.42 Cr	10.9%
Samco Dynamic Asset Allocation Fund Direct Growth Very High Risk	0.8%	1.0%	₹522.56 Cr	1.1%
Samco Dynamic Asset Allocation Fund Regular Growth Very High Risk	2.4%	1.0%	₹522.56 Cr	-0.7%

About the AMC

DSP Mutual Fund

+91 18002084499

https://www.dspim.com/

Total AUM

₹1,80,251 Cr

Address

West Wing, 11th Floor, Mumbai, 400021

Other Funds by DSP Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
DSP Multicap Fund Direct Growth Low Risk	0.5%	1.0%	₹1958.62 Cr	8.8%
DSP Nifty Smallcap250 Quality 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹205.78 Cr	-0.5%
DSP Banking & Financial Services Fund Direct Growth Very High Risk	0.7%	0.0%	₹1135.52 Cr	27.1%
DSP Gold ETF Fund of Fund Direct Growth High Risk	0.7%	0.0%	₹75.57 Cr	27.8%
DSP Multi Asset Allocation Fund Direct Growth Very High Risk	0.3%	1.0%	₹2787.33 Cr	13.8%
DSP FMP - Series 264 - 60M - 17D Direct Growth Low to Moderate Risk	-	0.0%	₹50.17 Cr	8.7%
DSP FMP Series 267 - 1246 Days Direct Growth Low to Moderate Risk	-	0.0%	₹673.94 Cr	8.2%
DSP FMP Series 261 37 Month Direct Growth Moderate Risk	-	-	-	-
DSP Fixed Maturity Plan Series 270 1144 Days Direct Growth Low to Moderate Risk	-	0.0%	₹180.35 Cr	8.2%
DSP FMP Series 268 - 1281 Days Direct Growth Low to Moderate Risk	-	-	₹122.54 Cr	8.3%
DSP FMP Series 252 38 Month Direct Growth Moderate Risk	-	0.0%	-	-
DSP Banking & PSU Debt Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹3408.70 Cr	9.9%
DSP Dynamic Asset Allocation Fund Direct Growth Moderate Risk	0.7%	1.0%	₹3216.51 Cr	13.3%
DSP Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹1366.70 Cr	6.6%
DSP Nifty 50 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹682.54 Cr	8.8%
DSP Nifty Next 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹899.17 Cr	3.8%
DSP Healthcare Fund Direct Growth Very High Risk	0.6%	0.0%	₹3018.76 Cr	16.8%
DSP Global Allocation Fund Direct Growth Very High Risk	1.5%	0.0%	₹55.75 Cr	13.1%
DSP Low Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹4196.30 Cr	8.1%
DSP Value Fund Direct Growth Very High Risk	0.9%	1.0%	₹926.64 Cr	9.2%
DSP Nifty SDL Plus G-Sec Jun 2028 30:70 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹2178.90 Cr	9.9%
DSP Bond Fund Direct Growth Moderately High risk	0.4%	0.0%	₹305.22 Cr	10.1%
DSP Flexi Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹11154.06 Cr	14.6%
DSP Government Securities Direct Growth Moderate Risk	0.6%	0.0%	₹1565.83 Cr	12.3%
DSP Equity & Bond Fund Direct Growth Very High Risk	0.7%	1.0%	₹10425.38 Cr	19.2%
DSP Focus Fund Direct Growth Very High Risk	1.0%	1.0%	₹2447.35 Cr	17.1%
DSP Credit Risk Fund Direct Growth Moderately High risk	0.4%	1.0%	₹207.05 Cr	23.3%
DSP India TIGER Fund Direct Growth Very High Risk	0.8%	1.0%	₹4879.56 Cr	4.7%
DSP Liquidity Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹15828.84 Cr	7.4%
DSP Regular Saving Fund Direct Growth Moderately High risk	0.5%	0.0%	₹163.53 Cr	12.1%
DSP Small Cap Fund Direct Growth Very High Risk	0.8%	1.0%	₹14269.14 Cr	5.8%
DSP Ultra Short Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹3349.34 Cr	8.0%
DSP Short Term Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹3061.14 Cr	9.7%
DSP Midcap Fund Direct Growth Very High Risk	0.8%	1.0%	₹17203.59 Cr	9.1%
DSP Natural Resource & New Energy Fund Direct Growth Very High Risk	1.1%	0.0%	₹1232.11 Cr	-2.6%
DSP Equity Opportunities Fund Direct Growth Very High Risk	0.7%	1.0%	₹13784.25 Cr	14.9%
DSP Strategic Bond Fund Direct Growth Moderate Risk	0.5%	0.0%	₹1503.62 Cr	12.1%
DSP Savings Fund Direct Growth Moderate Risk	0.3%	0.0%	₹4324.79 Cr	7.7%
DSP Tax Saver Fund Direct Growth Very High Risk	0.7%	0.0%	₹16217.91 Cr	17.2%
DSP World Agriculture Direct Growth Very High Risk	1.5%	0.0%	₹12.18 Cr	7.1%
DSP Top 100 Equity Fund Direct Growth Very High Risk	1.1%	1.0%	₹5070.17 Cr	17.0%
DSP US Flexible Equity Fund Direct Growth Very High Risk	1.6%	0.0%	₹785.86 Cr	-1.7%
DSP World Energy Direct Growth Very High Risk	1.5%	0.0%	₹79.33 Cr	-8.7%
DSP World Gold Fund of Fund Direct Growth Very High Risk	1.8%	0.0%	₹1146.22 Cr	64.7%
DSP World Mining Direct Growth Very High Risk	1.5%	0.0%	₹125.74 Cr	1.6%
DSP Equity Savings Fund Direct Growth Moderately High risk	0.4%	0.0%	₹2517.21 Cr	12.5%
DSP Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹5964.44 Cr	7.8%
DSP Corporate Bond Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹2668.81 Cr	8.9%
DSP 10Y G-Sec Fund Direct Growth Moderate Risk	0.3%	0.0%	₹59.07 Cr	12.0%
DSP Nifty SDL Plus G-Sec Sep 2027 50:50 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹83.79 Cr	9.4%

Risk Level

Your principal amount will be at Moderate Risk

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Still got questions?
We're here to help.

What is the current NAV of DSP Dynamic Asset Allocation Fund Direct Growth?

The NAV of DSP Dynamic Asset Allocation Fund Direct Growth, as of 17-Apr-2025, is ₹30.57.

What are the returns of DSP Dynamic Asset Allocation Fund Direct Growth?

The fund has generated 13.33% over the last 1 year and 12.16% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of DSP Dynamic Asset Allocation Fund Direct Growth?

The fund's allocation of assets is distributed as 38.71% in equities, 29.46% in bonds, and 31.83% in cash and cash equivalents.

Who manages the DSP Dynamic Asset Allocation Fund Direct Growth?

The fund managers responsible for DSP Dynamic Asset Allocation Fund Direct Growth are:-

Rohit Singhania
Dhaval Gada
Shantanu Godambe
Kaivalya Nadkarni

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Fund Overview

Fund Size

₹3,217 Cr

Expense Ratio

0.73%

ISIN

INF740K01K81

Minimum SIP

₹100

Exit Load

1.00%

Inception Date

06 Feb 2014

Risk Level

Your principal amount will be at Moderate Risk