Best Performing DSP Mutual Funds

About DSP Mutual Funds

The DSP family’s financial history dates back to the 1860s when the family first entered the stock-broking industry. In January 1997, they entered the investment management business in a joint venture with Merrill Lynch to create DSP Merrill Lynch Asset Management Company, which was registered with SEBI. Following BlackRock’s acquisition of Merrill Lynch’s worldwide asset management division in 2008, the firm was renamed DSP BlackRock Investment Managers Ltd.

DSP Group bought BlackRock’s 40% ownership in the firm in 2018, and the name was changed to DSP Mutual Funds. As of November 11, 2022, the fund firm has an AUM of Rs 1,11,341 Cr.

Sponsor

DSP ADIKO Holdings Pvt. Ltd. and DSP HMK Holdings Pvt. Ltd. sponsor the Mutual Fund. The Settlors of the Mutual Fund Trust are DSP ADIKO Holdings Pvt. Ltd. and DSP HMK Holdings Pvt. Ltd.The Settlors have given the Trustee a number of Rs. 1 lakh as the initial contribution against the Mutual Fund’s capital. DSP Holdings ADIKO Pvt. Ltd. (‘ Adiko DSP ‘) and HMK Holdings Pvt DSP Ltd. (‘ DSP HMK ‘) is a corporation founded in 1983 under the Companies Act of 1956 and is also registered with the Reserve Bank of India as a non-deposit-taking Non-Banking Financial Company. These enterprises operated as investment firms, dealing with the acquisition and storage of various financial instruments in India’s securities market.

Asset Management Company

DSP Investment Managers Pvt. Ltd. (also known as “AMC”) is a company that was established on May 13, 1996, in accordance with the Companies Act, 1956, and has its registered office at Mafatlal Centre, 10th Floor Nariman Point, Mumbai, 400 021. The Investment Management Agreement (IMA), signed on December 16, 1996, between the Trustee and the AMC designated the AMC as the asset management business for the Mutual Fund. The AMC provides DSP India Fund and DSP India Investment Fund with investment management services (both based out in Mauritius).

The AMC also provides offshore sovereign funds with investment management and transaction execution services. The AMC intends to offer investment management advice and execution services to DSP ICAV, an Irish Collective Asset-management Vehicle with an umbrella structure. The holding company for DSP Pension Fund Managers Pvt. Ltd. is the AMC (DSPPFM). The AMC works as Investment Managers for DSP Alternative Investment Fund Category III (DSPAIF – C – III) in compliance with SEBI clearance (SEBI registration number: IN/AIF3/13-14/0013).

Best DSP Mutual Funds In India (as per 3-Year Return)

Scheme	3-Year Return	AUM (INR)(Cr)
DSP Small Cap Direct Plan-Growth	30.06%	9,082.34
DSP Healthcare Fund Direct-Growth	29.67%	1,218.71
DSP World Mining Fund Direct Plan-Growth	21.77%	152.68
DSP The Infrastructure Growth And Economic Reforms Regular Fund Direct-Growth	21.41%	1,727.74
DSP Natural Resources And New Energy Fund Direct Plan-Growth	20.12%	672.53
DSP Nifty 50 Equal Weight Index Fund Direct-Growth	19.08%	455.54
DSP Tax Saver Direct Plan-Growth	18.81%	10,002.26

Source: AMFI (Data as of 11/11/2022)

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Top Fund Managers

Vinit Sambre

- Head – Equities

Head of Equities at DSP Investment Managers is Vinit Sambre. Since June 2010, he has been in charge of both the DSP Small & Mid Cap Fund and the DSP Micro Cap Fund. Vinit has over 20 years of relevant professional experience and specialises in the small and mid-cap areas.

As a Portfolio Analyst for the company’s Portfolio Management Services (PMS) division, which oversees discretionary accounts and offers advisory services to institutional customers, Vinit joined DSPIM in July 2007. His areas of concentration as a research analyst were the pharmaceutical, power, chemical, fertiliser, and textile industries.

He formerly worked with DSP Merrill Lynch’s Global Private Client division. He worked as an equity strategist at DSP Merrill Lynch for 20 months. He worked as an equity analyst in the PMS branch of IL&FS Investsmart Limited prior to joining DSP Merrill Lynch. Additionally, he has experience with UTI Investment Advisory Services as an equity analyst for the India Growth Fund, an offshore fund. Vinit is a member of the Indian Institute of Chartered Accountants and is a chartered accountant. He now manages the funds for the following schemes:

Scheme	Managing Since
DSP Mid Cap Fund	July 2012
DSP Small Cap Fund	June 2010
DSP Healthcare Fund	November 2018
DSP Top 100 Equity Fund	June 2020
DSP Focus Fund	June 2020

Vivek Ramakrishnan

- Fund Manager

Vivek has almost two decades of diverse experience in credit research and banking. He began his finance career in 1995 as a Credit Analyst at CRISIL, then went on to Prudential ICICI Mutual Fund in 2001 as a Credit Analyst and Fund Manager.

Vivek then joined Standard Chartered Bank in 2004, where he worked in a variety of roles over a 15-year period, including Research (Head Fixed Income Credit Analysis, where he covered USD bonds for Asian issuers), Capital Markets, and Relationship Management – in his last assignment with the bank, he was an Executive Director and Head – Finance Companies. In October 2019, he joined DSP Investment Managers as Vice President, Investments.

Vivek received his Ph.D. and Master of Science in Materials Science from the University of Southern California, as well as his B.Tech. from the Indian Institute of Technology, Madras.

Scheme	Managing Since
DSP Bond Fund	July 2021
DSP Corporate Bond Fund	July 2021
DSP Credit Risk Fund	July 2021

Rohit Singhania

- Co Head Equities

Rohit Singhania manages the DSP India T.I.G.E.R fund (The Infrastructure Growth and Economic Reforms Fund), the DSP Opportunities Fund, and the DSP Tax Saver Fund. He also co-manages the DSP Natural Resources and New Energy Fund.

Rohit joined DSP Investment Managers in September 2005 as a Portfolio Analyst for the company’s Portfolio Management Services (PMS) division, which handles discretionary accounts and offers institutional customers advisory services. In June 2009, he was transferred to DSP Investment Managers’ Institutional Equities Team. Rohit worked as a research analyst in industries such as auto, auto accessories, metals, infrastructure, sugar, and hotels.

He formerly worked for HDFC Securities Limited on its Institutional Equities Research Desk. He worked as a Senior Equity Analyst with HDFC Securities for 13 months.

Scheme	Managing Since
DSP India T.I.G.E.R. Fund (The Infrastructure Growth and Economic Reforms Fund)	June 2010
DSP Natural Resources and New Energy Fund	July 2012 (Co-Fund Manager)
DSP Equity Opportunities Fund	June 2015
DSP Tax Saver Fund	July 2015

Prateek Nigudkar

- Quantitative Research & Strategy

Prateek Nigudkar is a Quantitative researcher with DSP Investment Managers Private Limited (DSPIM). Since June 2019 and December 2020, respectively, Prateek has been in charge of the DSP Quant Fund and the DSP Value Fund, and he has been with the company since 2017. Prateek has over nine years of experience in his field. Prior to joining DSPIM, Prateek led a team of quantitative analysts at State Street Global Advisors (SSGA) in India as part of the Equity Smart-Beta team. Prior to joining SSGA, he worked for almost five years as a quantitative analyst on Credit Suisse’s Private Wealth research team. He specialised in Thematic and ESG research as well as Equity Strategy at Credit Suisse. Prateek is FRM-certified and possesses a master’s degree in quantitative finance from the University of Washington. He has also passed all three levels of the CFA Institute’s test.

Scheme	Managing Since
DSP Quant Fund	May 2022
DSP Value Fund	May 2022

Suryanarayanan, CFA

- Fund Manager

In July of 2011, Suryanarayanan joined DSP Investment Managers as a member of the Product Management Group. Currently, he is Vice President and an Equity Investments team analyst. He is also the Fund Manager for Series 1 of the DSP A.C.E. Fund (Analyst’s Conviction Equalized). Before joining DSPIM, he was a member of the Product team for Anand Rathi Financial Services Ltd.’s Private Wealth Management division. Surya is a graduate of Mechanical Engineering and the IIM, Ahmedabad’s Postgraduate Program (PGP) in Management. Surya holds a CFA Charter.

Scheme	Managing since
DSP A.C.E. Fund (Analyst’s Conviction Equalized) – Series 1	December 2017
DSP 3 Years Close Ended Equity Fund (Maturity Date January 4, 2021)	November 2017
DSP A.C.E. Fund (Analyst’s Conviction Equalized) – Series 2	March 2018
DSP Dual Advantage Funds	September 2018

Closer Look of Top Performing DSP Mutual Funds (as per 3-year return)

DSP Small Cap Direct Plan-Growth

The DSP Small Cap Direct Plan-Growth is a Small Cap mutual fund from DSP Mutual Funds. As of 11th November 2022, DSP Small Cap Direct Plan-Growth has INR 9,082.34 Crores in assets under management (AUM). The fund’s expense ratio of 0.96% is lower than that of the majority of other Small funds.

- The growth returns of the DSP Small Cap Direct Plan-Growth during the past year were -1.99 percent. Since its inception, it has generated average yearly returns of 21.47%.

- The majority of the fund’s assets are invested in the Chemicals, Consumer Staples, Services and Metals & Mining sectors.

- Ratnamani Metals & Tubes Ltd., Suprajit Engineering Ltd., Chambal Fertilisers & Chemicals Ltd., Triveni Engineering & Industries Ltd. and Nilkamal Ltd. are the top five holdings of the fund.

DSP Healthcare Fund Direct-Growth

DSP Healthcare Fund Direct-Growth is a Sectoral/Thematic mutual fund product offered by DSP Mutual Funds. As of 11th November 2022, DSP Healthcare Fund Direct-Growth has 1,218.71 Crores in assets under management (AUM). Its expense ratio of 0.81% is comparable to that of the majority of Sectoral/Thematic funds.

- The growth rate of the DSP Healthcare Fund Direct-Growth during the past year was -1.76 percent. Since its inception, it has generated average yearly returns of 24.10%.

- The majority of the fund’s assets are allocated to the Healthcare sector.

- Sun Pharmaceutical Industries Ltd., Cipla Ltd., Apollo Hospitals Enterprise Ltd., Ipca Laboratories Ltd., Procter & Gamble Health Ltd. and Max Healthcare Institute Ltd.. are the top five holdings of the fund.

DSP World Mining Fund Direct Plan-Growth

DSP World Mining Fund Direct Plan-Growth is a plan of DSP Mutual Fund’s FoF Overseas/Domestic mutual fund. As of 11th November 2022, the DSP World Mining Fund Direct Plan-Growth has 152.68 Crores in assets under management (AUM). The fund’s expense ratio of 1.51% is lower than that of the majority of other FoF Overseas/Domestic funds.

- The one-year returns for the DSP World Mining Fund Direct Plan-Growth were 10.18 percent. Since its inception, it has generated average yearly returns of 3.90%.

- The majority of the fund’s assets are invested in the Financial industries.

- Black Rock Global Funds – World Mining Fund is the majority holder of the fund.

DSP India T.I.G.E.R. Fund

DSP India T.I.G.E.R. Fund Direct-Growth is a Sectoral/Thematic scheme offered by DSP Mutual Funds. As of 11th November 2022, the DSP India T.I.G.E.R. Fund Direct-Growth has ₹1,727.74 Crores in assets under management (AUM). The expense ratio of the fund is 1.40%, which is less than what the majority of Sectoral/Thematic funds charge.

- The returns of the DSP India T.I.G.E.R. Fund Direct-Growth during the past year were 7.95%. Since its inception, it has generated average yearly returns of 13.86%.

- The majority of the fund’s assets are invested in Capital Goods, Construction, Energy and Metals & Mining.

- Reliance Industries Ltd., Larsen & Toubro Ltd., Siemens Ltd., Kalpataru Power Transmission Ltd., and NTPC Ltd. are the top five holdings of the fund.

DSP Natural Resources And New Energy Fund Direct Plan-Growth

The Sectoral / Thematic DSP Natural Resources And New Energy Fund Direct Plan-Growth is a mutual fund scheme offered by DSP Mutual Funds. As of 11th November 2022, the DSP Natural Resources And New Energy Fund Direct Plan-Growth has 672.53 Crores in assets under management (AUM). The fund’s expense ratio of 1.23% is lower than the expense ratios of the majority of other Sectoral / Thematic funds.

- The one-year returns for the DSP Natural Resources And New Energy Fund Direct Plan-Growth were -1.16%. Since its inception, it has generated average yearly returns of 15.95%.

- The majority of the fund’s assets are invested in Metals & Mining, Energy and Financials.

- Black Rock Global Funds, Jindal Steel & Power Ltd., Tata Steel Ltd., Hindalco Industries Ltd., and Reliance Industries Ltd. are the top five holdings of the fund.

DSP Nifty 50 Equal Weight Index Fund Direct-Growth

The Index DSP Nifty 50 Equal Weight Index Fund Direct-Growth is a mutual fund scheme offered by DSP Mutual Fund. As of 11th November 2022, DSP Nifty 50 Equal Weight Index Fund Direct-Growth has 455.54 Crores in assets under management (AUM). The fund’s expense ratio of 0.40% is lower than that of the majority of other Index funds.

- The one-year growth rate for the DSP Nifty 50 Equal Weight Index Fund Direct-Growth was 3.29%. Since its inception, it has generated average yearly returns of 10.89 %.

- The majority of the fund’s assets are invested in the Financial, Energy, Automobile and Technology industries.

- Axis Bank Ltd., Coal India Ltd., Sun Pharmaceutical Industries Ltd., HCL Technologies Ltd. and Power Grid Corporation of India Ltd. are the top five holdings of the fund.

DSP Tax Saver Direct Plan-Growth

DSP Tax Saver Direct Plan-Growth is an ELSS fund from DSP Mutual Fund. As of 11th November 2022, DSP Tax Saver Direct Plan-Growth has 10,002.26 Crores in assets under management (AUM). The fund’s expense ratio of 0.81% is greater than that of the majority of other ELSS funds.

- One-year returns for the DSP Tax Saver Direct Plan-Growth Fund were -0.50%. Since its inception, it has generated average yearly returns of 16.96%.

- The majority of the fund’s assets are invested in the Financial, Technology, Automobile, Healthcare and Energy industries.

- HDFC Bank Ltd., ICICI Bank Ltd., Infosys Ltd., Axis Bank Ltd. and State Bank of India are the top five holdings of the fund.

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