DSP Dynamic Asset Allocation Fund vs DSP Large & Mid Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
DSP Dynamic Asset Allocation Fund is a Balanced Advantage fund and DSP Large & Mid Cap Fund is a Large & Mid Cap fund. In the 3 years to 30-10-2026, DSP Dynamic Asset Allocation Fund (Direct) returned 10.3% a year and DSP Large & Mid Cap Fund (Direct) returned 12.9% a year. DSP Dynamic Asset Allocation Fund charges 1.04% a year and DSP Large & Mid Cap Fund 0.75% (Direct plans). Their portfolios overlap 45.1%: they hold 27 of the same securities.
DSP Dynamic Asset Allocation Fund
Balanced Advantage
- 3 year return
- 10.3%
- Expense ratio
- 1.04%
- NAV
- ₹32.53
DSP Large & Mid Cap Fund
Large & Mid Cap
- 3 year return
- 12.9%
- Expense ratio
- 0.75%
- NAV
- ₹657.56
Which is better, DSP Dynamic Asset Allocation or DSP Large & Mid Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- DSP Large & Mid Cap returned more over 5 years: 10.9% a year against 8.3%.
- DSP Large & Mid Cap returned more over 3 years: 12.9% a year against 10.3%.
- DSP Large & Mid Cap costs less: 0.75% a year against 1.04% (Direct plans).
- DSP Dynamic Asset Allocation swung less over 3 years: a standard deviation of 5.8% a year against 14.1%.
- DSP Dynamic Asset Allocation fell less in its worst fall since 07-02-2014: −19.3% against −36.8%.
- DSP Large & Mid Cap is the larger fund: ₹17,284 Cr against ₹3,704 Cr.
- Their portfolios overlap 45.1%: 27 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | DSP Dynamic Asset Allocation Fund | DSP Large & Mid Cap Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | DSP Mutual Fund |
| Category | Balanced Advantage | Large & Mid Cap |
| AUM | ₹3,704 Cr (30-09-2026) | ₹17,284 Cr (30-09-2026) |
| NAV | ₹32.53 (Direct) | ₹657.56 (Direct) |
| Expense ratio (Direct) | 1.04% | 0.75% |
| Expense ratio (Regular) | 2.26% | 1.80% |
| Riskometer | Very High | Very High |
| Benchmark | CRISIL Hybrid 50+50 - Moderate Index | Nifty LargeMidcap 250 TRI |
| Launch date | 06-02-2014 | 16-05-2000 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Rohit Singhania, Shantanu Godambe, Kaivalya Nadkarni, Preethi R S | Rohit Singhania, Nilesh Aiya |
| Exit load | Exit load of 1%, if redeemed within 1 months. | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 months. |
DSP Dynamic Asset Allocation vs DSP Large & Mid Cap: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| DSP Dynamic Asset Allocation Fund (Direct) | +0.02% | −2.52% | +0.35% | +0.25% | +10.26% | +8.33% | +9.16% |
| DSP Large & Mid Cap Fund (Direct) | −0.40% | −6.74% | −3.41% | −6.95% | +12.91% | +10.91% | +13.65% |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | +9.91% |
| Large & Mid Cap average | −1.78% | −5.20% | −0.43% | −3.99% | +13.28% | +11.36% | +13.62% |
Category average: the average of the 38 Balanced Advantage funds and the 36 Large & Mid Cap funds, same plan type.
DSP Dynamic Asset Allocation vs DSP Large & Mid Cap: Year-wise Returns
| Year | Dynamic Asset AllocationDSP Dynamic Asset Allocation | Large & Mid CapDSP Large & Mid Cap |
|---|---|---|
| 2026to date | −0.99% | −9.06% |
| 2025 | +10.02% | +8.22% |
| 2024 | +13.74% | +25.11% |
| 2023 | +18.48% | +33.75% |
| 2022 | +1.31% | +5.37% |
| 2021 | +10.80% | +32.44% |
DSP Dynamic Asset Allocation vs DSP Large & Mid Cap: Rolling Returns
Every holding period of both funds, against NIFTY LargeMidcap 250 TRI, the benchmark of DSP Large & Mid Cap Fund
Rolling returns
Every 3-year holding period, 2,392 of them, one for each trading day from 07-02-2017 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
DSP Dynamic Asset Allocation Fund (Direct)
DSP Large & Mid Cap Fund (Direct)
NIFTY LargeMidcap 250 TRI
to
Nov 2017Jul 2016
to
Jul 2019Mar 2018
to
Mar 2021Nov 2019
to
Nov 2022Jun 2021
to
Jun 2024Jan 2023
to
Jan 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DSP Dynamic Asset Allocation | 0.0 | 1.8 | 42.8 | 54.8 | 0.6 | 0.0 | 0.0 | 10.2% | 10.3% | 1.5% | 15.4% | 4% |
| DSP Large & Mid Cap | 2.0 | 5.6 | 5.1 | 18.7 | 32.0 | 28.8 | 7.8 | 17.0% | 17.9% | −5.3% | 32.5% | 48% |
| NIFTY LargeMidcap 250 TRI | 0.0 | 0.0 | 3.0 | 12.6 | 38.3 | 35.1 | 11.1 | 19.5% | 19.5% | 5.5% | 36.1% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is NIFTY LargeMidcap 250 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 07-02-2014. Past returns do not promise future returns.
DSP Dynamic Asset Allocation vs DSP Large & Mid Cap: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 07-02-2014 to 30-10-2026: 153 instalments, ₹15,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| DSP Dynamic Asset AllocationDSP Dynamic Asset Allocation Fund (Direct) | ₹15,30,000 | ₹28,83,634 | ₹13,53,634 | 9.5% |
| DSP Large & Mid CapDSP Large & Mid Cap Fund (Direct) | ₹15,30,000 | ₹40,44,336 | ₹25,14,336 | 14.3% |
DSP Dynamic Asset AllocationDSP Dynamic Asset Allocation Fund (Direct)
DSP Large & Mid CapDSP Large & Mid Cap Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
DSP Dynamic Asset Allocation vs DSP Large & Mid Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP Dynamic Asset Allocation Fund (Direct) | DSP Large & Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.25% | −6.95% |
| Standard deviation | 6.52% | 13.87% |
| Sharpe ratio | -0.77 | -0.88 |
| Sortino ratio | -1.04 | -1.19 |
| Maximum drawdown | −5.5% (30-03-2026) | −14.0% (31-03-2026) |
| Beta | -- | 0.90 |
| Alpha | -- | −1.59% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | DSP Dynamic Asset Allocation Fund (Direct) | DSP Large & Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.26% | +12.91% |
| Standard deviation | 5.81% | 14.10% |
| Sharpe ratio | 0.73 | 0.49 |
| Sortino ratio | 1.00 | 0.66 |
| Maximum drawdown | −5.5% (30-03-2026) | −16.9% (03-03-2025) |
| Beta | -- | 0.92 |
| Alpha | -- | +1.80% |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | DSP Dynamic Asset Allocation Fund (Direct) | DSP Large & Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.33% | +10.91% |
| Standard deviation | 5.85% | 13.88% |
| Sharpe ratio | 0.43 | 0.37 |
| Sortino ratio | 0.59 | 0.49 |
| Maximum drawdown | −7.9% (17-06-2022) | −18.8% (20-06-2022) |
| Beta | -- | 0.91 |
| Alpha | -- | +0.74% |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | DSP Dynamic Asset Allocation Fund (Direct) | DSP Large & Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.70% | +15.25% |
| Standard deviation | 6.86% | 15.71% |
| Sharpe ratio | 0.56 | 0.59 |
| Sortino ratio | 0.76 | 0.79 |
| Maximum drawdown | −19.3% (23-03-2020) | −36.8% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 07-02-2014 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
DSP Dynamic Asset Allocation Fund (Direct)
DSP Large & Mid Cap Fund (Direct)
NIFTY LargeMidcap 250 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP Dynamic Asset Allocation Fund (Direct) | −19.3% | 19-02-2020 | 23-03-2020 | 07-08-2020 | 5 months | −3.7% |
| DSP Large & Mid Cap Fund (Direct) | −36.8% | 24-01-2020 | 23-03-2020 | 11-11-2020 | 8 months | −10.0% |
| NIFTY LargeMidcap 250 TRI | −37.8% | 24-01-2020 | 23-03-2020 | 05-11-2020 | 7 months | −8.6% |
From daily values since 07-02-2014, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
DSP Dynamic Asset Allocation Fund (Direct)
DSP Large & Mid Cap Fund (Direct)
NIFTY LargeMidcap 250 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
DSP Dynamic Asset Allocation Fund (Direct)
DSP Large & Mid Cap Fund (Direct)
NIFTY LargeMidcap 250 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
DSP Dynamic Asset Allocation Fund (Direct)
DSP Large & Mid Cap Fund (Direct)
NIFTY LargeMidcap 250 TRI
Against NIFTY LargeMidcap 250 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| DSP Dynamic Asset Allocation Fund (Direct) | 45% | 26% | 11.68% |
| DSP Large & Mid Cap Fund (Direct) | 95% | 92% | 4.00% |
From month-end values since 07-02-2014. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
DSP Dynamic Asset Allocation vs DSP Large & Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Dynamic Asset Allocation Fund, September 2026; DSP Large & Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 45.1%
- Held by both
- 27
- Only in DSP Dynamic Asset Allocation
- 45
- Only in DSP Large & Mid Cap
- 42
| Security | % of DSP Dynamic Asset Allocation | % of DSP Large & Mid Cap |
|---|---|---|
| ICICI Bank Limited | 7.41% | 8.44% |
| HDFC Bank Limited | 7.28% | 7.81% |
| Axis Bank Limited | 4.96% | 5.88% |
| State Bank of India | 4.27% | 3.18% |
| Kotak Mahindra Bank Limited | 3.86% | 2.49% |
| Bharti Airtel Limited | 3.96% | 2.13% |
| SBI Life Insurance Co Limited | 1.55% | 1.49% |
| Cipla Limited | 1.40% | 1.44% |
| Mahindra & Mahindra Limited | 1.30% | 1.35% |
| NTPC Limited | 1.24% | 1.37% |
| Bharat Petroleum Corporation Limited | 1.10% | 1.44% |
| Max Financial Services Limited | 1.07% | 1.98% |
| Alkem Laboratories Limited | 1.03% | 1.96% |
| ITC Limited | 0.97% | 0.98% |
| Hindustan Unilever Limited | 1.07% | 0.93% |
| Eternal Limited | 0.80% | 1.29% |
| Coforge Limited | 0.73% | 1.77% |
| Infosys Limited | 0.69% | 1.22% |
| Emami Limited | 0.65% | 0.75% |
| Maruti Suzuki India Limited | 0.63% | 1.07% |
| Tata Capital Limited | 0.60% | 0.99% |
| Hyundai Motor India Limited | 0.78% | 0.58% |
| Samvardhana Motherson International Limited | 0.58% | 1.21% |
| Syngene International Limited | 0.56% | 0.75% |
| PB Fintech Limited | 0.50% | 0.72% |
| Tata Motors Limited | 0.47% | 0.70% |
| Century Plyboards (India) Limited | 0.81% | 0.37% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 45.1% means 45.1% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in DSP Dynamic Asset Allocation Fund
| Security | % of fund |
|---|---|
| Bajaj Finserv Limited | 2.01% |
| Bandhan Bank Limited | 1.87% |
| Titan Co Limited | 1.85% |
| 7.06% GOI 10042028 | 1.69% |
| Reliance Industries Limited | 1.50% |
Largest holdings only in DSP Large & Mid Cap Fund
| Security | % of fund |
|---|---|
| Phoenix Mills Limited | 2.14% |
| Uno Minda Limited | 1.96% |
| Coromandel International Limited | 1.86% |
| Indus Towers Limited | 1.74% |
| IPCA Laboratories Limited | 1.60% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Dynamic Asset Allocation | DSP Large & Mid Cap |
|---|---|---|
| Equity | 72.2% | 98.4% |
| Debt | 23.0% | 0.0% |
| Cash and others | 4.8% | 1.6% |
Market cap of stocks
| Market cap | DSP Dynamic Asset Allocation | DSP Large & Mid Cap |
|---|---|---|
| Large Cap | 60.4% | 53.9% |
| Mid Cap | 5.8% | 39.8% |
| Small Cap | 5.9% | 4.7% |
| Not on AMFI's list | 0.0% | 0.1% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | DSP Dynamic Asset Allocation | DSP Large & Mid Cap |
|---|---|---|
| Banks | 31.9% | 30.3% |
| Pharmaceuticals & Biotechnology | 3.5% | 7.1% |
| Auto Components | 0.6% | 6.9% |
| Insurance | 5.6% | 5.0% |
| IT - Software | 1.4% | 5.4% |
| Consumer Durables | 4.3% | 3.4% |
| Telecom - Services | 4.0% | 3.9% |
| Finance | 3.6% | 2.7% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Dynamic Asset Allocation vs DSP Large & Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Dynamic Asset Allocation Fund | DSP Large & Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.04% | 0.75% |
| Base expense ratio (Direct) | 0.59% | 0.51% |
| Total expense ratio (Regular) | 2.26% | 1.80% |
| Base expense ratio (Regular) | 1.62% | 1.40% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
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DSP Dynamic Asset Allocation Fund vs DSP Large & Mid Cap Fund: Frequently Asked Questions
What is the difference between DSP Dynamic Asset Allocation Fund and DSP Large & Mid Cap Fund?
DSP Dynamic Asset Allocation Fund is a Balanced Advantage fund, DSP Large & Mid Cap Fund is a Large & Mid Cap fund, run by DSP Mutual Fund. Their portfolios overlap 45.1%. DSP Dynamic Asset Allocation Fund charges 1.04% a year and DSP Large & Mid Cap Fund 0.75%.
Which has given higher returns, DSP Dynamic Asset Allocation Fund or DSP Large & Mid Cap Fund?
Over 1 year: DSP Dynamic Asset Allocation Fund +0.25%, DSP Large & Mid Cap Fund −6.95%. Over 3 years: DSP Dynamic Asset Allocation Fund +10.26% a year, DSP Large & Mid Cap Fund +12.91% a year. Over 5 years: DSP Dynamic Asset Allocation Fund +8.33% a year, DSP Large & Mid Cap Fund +10.91% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, DSP Dynamic Asset Allocation Fund or DSP Large & Mid Cap Fund?
DSP Large & Mid Cap Fund charges less: 0.75% a year against 1.04%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Dynamic Asset Allocation Fund and DSP Large & Mid Cap Fund overlap?
45.1%. They hold 27 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, AXISBANK. From each fund's latest monthly portfolio.
Which is riskier, DSP Dynamic Asset Allocation Fund or DSP Large & Mid Cap Fund?
On SEBI's riskometer, DSP Dynamic Asset Allocation Fund is rated Very High and DSP Large & Mid Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 5.81% and 14.10% a year.
Which is better for SIP, DSP Dynamic Asset Allocation Fund or DSP Large & Mid Cap Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,55,561 in DSP Dynamic Asset Allocation Fund (XIRR 8.4% a year) and ₹7,85,919 in DSP Large & Mid Cap Fund (XIRR 9.9% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both DSP Dynamic Asset Allocation Fund and DSP Large & Mid Cap Fund?
Yes. 45.1% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages DSP Dynamic Asset Allocation Fund and DSP Large & Mid Cap Fund?
DSP Dynamic Asset Allocation Fund: Rohit Singhania, Shantanu Godambe, Kaivalya Nadkarni, Preethi R S. DSP Large & Mid Cap Fund: Rohit Singhania, Nilesh Aiya.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.