DSP Mutual Fund, managed by DSP Asset Managers Pvt. Ltd., is one of India’s oldest and most respected asset management companies, with a legacy that traces its roots back over 160 years to the reputed DSP Group. The AMC is helmed by a strong value system that combines innovation with deep research and risk-aware investing. With a focus on transparency, disciplined fund management, and putting investors first, DSP Mutual Fund caters to a wide range of investors through its diverse suite of mutual fund schemes.
The core philosophy of DSP revolves around being a fiduciary to investors by placing their interests above everything else. It strives to generate long-term wealth by aligning investment strategies with prudent risk management. DSP’s commitment to investor education and long-term wealth creation is also reflected in its outreach, tools, and digital solutions that make investing accessible and informed.
Fund Management and Leadership
DSP Asset Managers is steered by an experienced and research-driven team. The leadership team, which includes industry veterans, oversees the fund strategy with a focus on consistency, ethics, and investor-centricity:
- Hemendra Kothari: Founder and Chairman, and one of the most respected names in Indian finance.
- Aditi Kothari Desai: Vice Chairperson, who champions investor awareness and inclusion.
- Kalpen Parekh: Managing Director and CEO, known for his transparency-driven leadership and investor-first approach.
- Vinit Sambre: Head of Equities, with a robust performance track record in equity investing.
- Sandeep Yadav: Head of Fixed Income, focusing on a data-backed, risk-managed approach to debt instruments.
- Anil Ghelani, CFA: Head of Passive Investments and Products.
- Aparna Karnik: Head of Quantitative Investments and Analytics, overseeing data-informed investment strategies.
Together, this team ensures that every scheme under DSP MF is managed with diligence, data-dependence, and long-term conviction.
Mutual Fund Schemes Offered by DSP
DSP Mutual Fund offers a comprehensive range of mutual fund schemes across Equity, Debt, Hybrid, Index, Fund of Funds (FoFs), and ETFs. Here is a detailed view based on category and recent performance of schemes available on the Kucera Platform:
Equity Schemes: Equity schemes at DSP MF are tailored for capital appreciation and cover diverse strategies:
| Equity Schemes | 1 Yr | 3 Yr | TER | Category |
|---|---|---|---|---|
| DSP Focus Growth Direct Plan | 19.28% | 19.36% | 0.95% | Focused Fund |
| DSP Healthcare Growth Direct Plan | 18.86% | 21.54% | 0.63% | Sectoral/Thematic |
| DSP Midcap Growth Direct Plan | 12.89% | 16.96% | 0.74% | Mid Cap Fund |
| DSP Value Growth Direct Plan | 10.56% | 16.51% | 0.94% | Value Fund |
| DSP Equity Opportunities Growth Direct Plan | 16.73% | 21.84% | 0.70% | Large & Mid Cap fund |
| DSP Top 100 Equity Growth Direct Plan | 18.90% | 20.43% | 0.97% | Large Cap Fund |
| DSP ELSS Tax Saver Growth Direct Plan | 18.69% | 20.61% | 0.75% | ELSS |
Source: Kuvera, 24 April, 2025.
These funds are suited for investors with a higher risk appetite and long-term horizons.
DSP’s equity offerings span key segments including large cap, mid cap, value, and thematic exposure. For instance, the DSP Midcap Fund is well-placed within its category, offering a blend of high-growth mid-sized companies. Meanwhile, the DSP Healthcare Fund capitalises on sector-specific tailwinds, outperforming peers in the thematic fund segment. The DSP Focus and Top 100 Funds demonstrate consistency with a concentrated yet high-conviction approach suitable for focused large-cap allocations.
Debt Schemes: DSP offers several debt schemes, ideal for conservative investors seeking income stability:
| Debt Schemes | 1 Yr | 3 Yr | TER | Category |
|---|---|---|---|---|
| DSP Credit Risk Growth Direct Plan | 23.38% | 14.88% | 0.40% | Credit Risk Fund |
| DSP Gilt Growth Direct Plan | 13.56% | 9.24% | 0.56% | Gilt Fund |
| DSP Floater Growth Direct Plan | 10.64% | 8.19% | 0.23% | Floater Fund |
| DSP Strategic Bond Growth Direct Plan | 13.24% | 9.01% | 0.54% | Dynamic Bond |
| DSP 10y G Sec Growth Direct Plan | 11.99% | 8.54% | 0.31% | Gilt Fund with 10 year constant duration |
Source: Kuvera, April 24, 2025.
DSP’s debt funds exhibit strong credit profiling, active duration management, and are guided by macroeconomic insights.
Within the fixed income space, DSP demonstrates a nuanced strategy with varied offerings. The Credit Risk Fund, while high on returns, is calibrated with tight credit evaluation. On the other hand, the Floater and Gilt Funds cater to conservative investors by providing lower interest rate sensitivity and government-backed security, respectively. The DSP Strategic Bond Fund is positioned as a dynamic product adjusting to interest rate cycles—suitable for tactical debt allocation.
Hybrid Schemes: DSP’s hybrid offerings combine debt and equity to create balanced portfolios:
| Hybrid Schemes | 1 Yr | 3 Yr | TER | Category |
|---|---|---|---|---|
| DSP Aggressive Hybrid Growth Direct Plan | 20.07% | 17.38% | 0.70% | Aggressive Hybrid Fund |
| DSP Equity Saving Growth Direct Plan | 12.95% | 11.31% | 0.41% | Equity Savings |
| DSP Dynamic Asset Allocation Growth Direct Plan | 13.78% | 12.83% | 0.73% | Dynamic Asset Allocation or Balanced Advantage |
| DSP Multi Asset Allocation Growth Direct Plan | 15.44% | NA | 0.33% | Multi Asset Allocation |
| DSP Regular Saving Growth Direct Plan | 12.36% | 10.42% | 0.50% | Conservative Hybrid Fund |
Source: Kuvera, April 24, 2025.
These funds are ideal for moderate-risk investors looking to benefit from market opportunities while cushioning volatility.
The hybrid schemes from DSP offer dynamic risk-reward combinations for varied risk appetites. The Aggressive Hybrid Fund is an equity-leaning option suitable for long-term wealth creation with relatively lower volatility than pure equity funds. The Equity Saving and Regular Saving Funds focus on conservative investors, with an emphasis on income generation. Notably, the DSP Dynamic Asset Allocation Fund adjusts allocations based on market conditions, providing a tactical edge to long-term investors.
Other Offerings
DSP also offers passive solutions such as index funds and ETFS, and global diversification through international fund of funds. These help investors access low-cost, rule-based, and global investment strategies.
Why Choose DSP Mutual Fund?
There are several compelling reasons why DSP MF continues to earn the trust of investors:
1. Experienced Management
The fund house is run by professionals with decades of experience and a commitment to ethical investing.
2. Strong Performance Track Record
Schemes across equity, debt and hybrid categories show consistent returns over time.
3. Risk Management Focus
All investment decisions are driven by a deep emphasis on risk containment and capital preservation.
4. Investor Education & Tools
DSP offers rich content through blogs, videos, and webinars aimed at educating investors.
5. Online Tools & Calculators
DSP’s website provides a host of tools such as SIP calculators, goal planners, and risk profilers, enabling investors to make informed decisions.
6. Transparency and Governance
DSP prides itself on transparency, with detailed fund factsheets, regular performance updates, and open communication with stakeholders.
7. Digital Ease of Access
From eKYC to paperless transactions, the DSP platform ensures a seamless digital investment journey.
Wrapping Up
DSP Mutual Fund exemplifies trust, discipline, and performance in India’s mutual fund landscape. With a clear philosophy of doing what is right for the investor, backed by a strong and ethical fund management team, DSP AMC has carved a niche for itself among both retail and institutional investors.
Its diverse portfolio of schemes, forward-thinking digital platforms, robust investor support, and focus on risk-adjusted returns make it a compelling choice for investors looking for reliability and growth. Whether you are a first-time investor or a seasoned portfolio builder, DSP Mutual Fund offers the expertise and ecosystem to help you achieve your financial goals prudently and confidently.
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