DSP Equity Savings Fund vs DSP Large Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
DSP Equity Savings Fund is an Equity Savings fund and DSP Large Cap Fund is a Large Cap fund. In the 3 years to 30-10-2026, DSP Equity Savings Fund (Direct) returned 8.3% a year and DSP Large Cap Fund (Direct) returned 10.9% a year. DSP Equity Savings Fund charges 1.10% a year and DSP Large Cap Fund 1.18% (Direct plans). Their portfolios overlap 45.7%: they hold 28 of the same securities.
DSP Equity Savings Fund
Equity Savings
- 3 year return
- 8.3%
- Expense ratio
- 1.10%
- NAV
- ₹24.95
Which is better, DSP Equity Savings or DSP Large 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 Cap returned more over 5 years: 9.1% a year against 7.4%.
- DSP Large Cap returned more over 3 years: 10.9% a year against 8.3%.
- DSP Equity Savings costs less: 1.10% a year against 1.18% (Direct plans).
- DSP Equity Savings swung less over 3 years: a standard deviation of 3.4% a year against 12.2%.
- DSP Equity Savings fell less in its worst fall since 30-03-2016: −18.9% against −40.3%.
- DSP Large Cap holds more in large companies: 90.3% of the fund in large caps against 57.0%.
- DSP Large Cap is the larger fund: ₹6,642 Cr against ₹3,087 Cr.
- Their portfolios overlap 45.7%: 28 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 Equity Savings Fund | DSP Large Cap Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | DSP Mutual Fund |
| Category | Equity Savings | Large Cap |
| AUM | ₹3,087 Cr (30-09-2026) | ₹6,642 Cr (30-09-2026) |
| NAV | ₹24.95 (Direct) | ₹484.71 (Direct) |
| Expense ratio (Direct) | 1.10% | 1.18% |
| Expense ratio (Regular) | 1.95% | 2.07% |
| Riskometer | Moderately High | Very High |
| Benchmark | Nifty Equity Savings Index | Nifty 100 TRI |
| Launch date | 28-03-2016 | 10-03-2003 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Abhishek Singh, Shantanu Godambe, Kaivalya Nadkarni | Anish Tawakley |
| Exit load | Nil | Exit load of 1% if redeemed less than 12 months |
DSP Equity Savings vs DSP Large 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 Equity Savings Fund (Direct) | 0.00% | −1.27% | +0.40% | +0.40% | +8.26% | +7.44% | +8.35% |
| DSP Large Cap Fund (Direct) | +1.48% | −4.89% | −2.57% | −8.56% | +10.95% | +9.10% | +10.38% |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | +7.55% | +8.43% |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | +8.23% | +11.81% |
Category average: the average of the 23 Equity Savings funds and the 35 Large Cap funds, same plan type.
DSP Equity Savings vs DSP Large Cap: Year-wise Returns
| Year | Equity SavingsDSP Equity Savings | Large CapDSP Large Cap |
|---|---|---|
| 2026to date | −0.51% | −9.39% |
| 2025 | +7.13% | +9.40% |
| 2024 | +13.04% | +21.50% |
| 2023 | +13.17% | +27.60% |
| 2022 | +5.42% | +2.24% |
| 2021 | +14.50% | +20.45% |
DSP Equity Savings vs DSP Large Cap: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of DSP Large Cap Fund
Rolling returns
Every 3-year holding period, 1,867 of them, one for each trading day from 01-04-2019 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 Equity Savings Fund (Direct)
DSP Large Cap Fund (Direct)
Nifty 100 TRI
to
Nov 2019Feb 2018
to
Feb 2021Jun 2019
to
Jun 2022Sept 2020
to
Sept 2023Jan 2022
to
Jan 2025Mar 2023
to
Mar 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 Equity Savings | 0.1 | 8.7 | 40.8 | 49.4 | 1.1 | 0.0 | 0.0 | 9.5% | 10.0% | −0.0% | 16.7% | 6% |
| DSP Large Cap | 3.6 | 6.5 | 15.4 | 28.8 | 36.2 | 9.1 | 0.4 | 13.2% | 14.1% | −7.4% | 28.1% | 33% |
| Nifty 100 TRI | 1.3 | 5.4 | 9.5 | 40.7 | 34.4 | 6.9 | 1.9 | 14.0% | 14.4% | −5.0% | 31.4% | -- |
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 100 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 30-03-2016. Past returns do not promise future returns.
DSP Equity Savings vs DSP Large 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 30-03-2016 to 30-10-2026: 128 instalments, ₹12,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| DSP Equity SavingsDSP Equity Savings Fund (Direct) | ₹12,80,000 | ₹20,44,214 | ₹7,64,214 | 8.5% |
| DSP Large CapDSP Large Cap Fund (Direct) | ₹12,80,000 | ₹23,51,868 | ₹10,71,868 | 10.9% |
DSP Equity SavingsDSP Equity Savings Fund (Direct)
DSP Large CapDSP Large 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 Equity Savings vs DSP Large Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP Equity Savings Fund (Direct) | DSP Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.40% | −8.56% |
| Standard deviation | 3.55% | 12.79% |
| Sharpe ratio | -1.36 | -1.08 |
| Sortino ratio | -1.82 | -1.45 |
| Maximum drawdown | −2.7% (01-04-2026) | −13.3% (31-03-2026) |
| Beta | -- | 0.89 |
| Alpha | -- | −1.34% |
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 Equity Savings Fund (Direct) | DSP Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.26% | +10.95% |
| Standard deviation | 3.44% | 12.19% |
| Sharpe ratio | 0.65 | 0.40 |
| Sortino ratio | 0.93 | 0.57 |
| Maximum drawdown | −2.7% (01-04-2026) | −13.3% (31-03-2026) |
| Beta | -- | 0.86 |
| Alpha | -- | +2.30% |
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 Equity Savings Fund (Direct) | DSP Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.44% | +9.10% |
| Standard deviation | 3.72% | 12.66% |
| Sharpe ratio | 0.44 | 0.26 |
| Sortino ratio | 0.62 | 0.36 |
| Maximum drawdown | −4.3% (20-06-2022) | −18.7% (17-06-2022) |
| Beta | -- | 0.87 |
| Alpha | -- | +2.07% |
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 Equity Savings Fund (Direct) | DSP Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.97% | +11.06% |
| Standard deviation | 5.59% | 16.29% |
| Sharpe ratio | 0.63 | 0.31 |
| Sortino ratio | 0.84 | 0.42 |
| Maximum drawdown | −18.9% (23-03-2020) | −40.3% (23-03-2020) |
| Beta | -- | 0.99 |
| Alpha | -- | −0.84% |
From daily NAVs, 30-03-2016 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 Equity Savings Fund (Direct)
DSP Large Cap Fund (Direct)
Nifty 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP Equity Savings Fund (Direct) | −18.9% | 12-02-2020 | 23-03-2020 | 08-10-2020 | 7 months | −2.0% |
| DSP Large Cap Fund (Direct) | −40.3% | 12-02-2020 | 23-03-2020 | 03-12-2020 | 8 months | −9.8% |
| Nifty 100 TRI | −37.9% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −10.1% |
From daily values since 30-03-2016, 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 Equity Savings Fund (Direct)
DSP Large Cap Fund (Direct)
Nifty 100 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 Equity Savings Fund (Direct)
DSP Large Cap Fund (Direct)
Nifty 100 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 Equity Savings Fund (Direct)
DSP Large Cap Fund (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| DSP Equity Savings Fund (Direct) | 44% | 24% | 10.39% |
| DSP Large Cap Fund (Direct) | 99% | 101% | 4.79% |
From month-end values since 30-03-2016. 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 Equity Savings vs DSP Large Cap: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Equity Savings Fund, September 2026; DSP Large Cap Fund, September 2026
Holdings in common
- Overlap
- 45.7%
- Held by both
- 28
- Only in DSP Equity Savings
- 54
- Only in DSP Large Cap
- 13
| Security | % of DSP Equity Savings | % of DSP Large Cap |
|---|---|---|
| HDFC Bank Limited | 7.25% | 10.08% |
| Axis Bank Limited | 4.69% | 5.91% |
| ITC Limited | 3.24% | 3.97% |
| Mahindra & Mahindra Limited | 3.10% | 4.84% |
| Reliance Industries Limited | 3.10% | 4.06% |
| Kotak Mahindra Bank Limited | 3.68% | 2.50% |
| NTPC Limited | 2.46% | 3.08% |
| ICICI Bank Limited | 2.34% | 9.72% |
| Cipla Limited | 2.07% | 2.76% |
| Bharti Airtel Limited | 2.04% | 6.04% |
| Larsen & Toubro Limited | 1.78% | 4.74% |
| HDFC Life Insurance Co Limited | 1.37% | 2.74% |
| SBI Life Insurance Co Limited | 1.14% | 2.78% |
| Petronet LNG Limited | 1.04% | 1.39% |
| Infosys Limited | 1.03% | 3.99% |
| Hero MotoCorp Limited | 0.97% | 2.12% |
| Maruti Suzuki India Limited | 0.95% | 2.38% |
| Oil & Natural Gas Corporation Limited | 0.90% | 1.40% |
| State Bank of India | 0.85% | 0.79% |
| Hindustan Aeronautics Limited | 0.68% | 1.63% |
| Indus Towers Limited | 1.82% | 0.48% |
| Life Insurance Corporation Of India | 0.45% | 1.05% |
| Bank of Baroda | 0.99% | 0.34% |
| Indian Oil Corporation Limited | 0.22% | 0.38% |
| Bharat Petroleum Corporation Limited | 0.21% | 1.07% |
| Hindustan Petroleum Corporation Limited | 0.20% | 0.24% |
| Power Grid Corporation of India Limited | 0.19% | 1.18% |
| United Spirits Limited | 0.14% | 0.75% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 45.7% means 45.7% 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 Equity Savings Fund
| Security | % of fund |
|---|---|
| 6.87% GOI FRB 22092033 | 2.87% |
| Vodafone Idea Limited | 2.28% |
| 7.38% GOI 20062027 | 2.17% |
| Hindalco Industries Limited | 1.86% |
| Sun Pharmaceutical Industries Limited | 1.75% |
Largest holdings only in DSP Large Cap Fund
| Security | % of fund |
|---|---|
| Ultratech Cement Limited | 2.73% |
| Asian Paints Limited | 2.32% |
| DLF Limited | 2.19% |
| Hyundai Motor India Limited | 1.79% |
| GAIL (India) Limited | 1.30% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Equity Savings | DSP Large Cap |
|---|---|---|
| Equity | 68.7% | 98.0% |
| Debt | 25.5% | 0.0% |
| Cash and others | 5.9% | 2.0% |
Market cap of stocks
| Market cap | DSP Equity Savings | DSP Large Cap |
|---|---|---|
| Large Cap | 57.0% | 90.3% |
| Mid Cap | 6.1% | 7.7% |
| Small Cap | 5.6% | 0.0% |
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 Equity Savings | DSP Large Cap |
|---|---|---|
| Banks | 21.6% | 29.3% |
| Automobiles | 5.3% | 11.1% |
| Insurance | 4.7% | 7.1% |
| Telecom - Services | 6.1% | 6.5% |
| Pharmaceuticals & Biotechnology | 6.2% | 2.8% |
| Petroleum Products | 3.7% | 5.8% |
| Construction | 1.8% | 4.7% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Equity Savings vs DSP Large Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Equity Savings Fund | DSP Large Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.10% | 1.18% |
| Base expense ratio (Direct) | 0.60% | 0.79% |
| Total expense ratio (Regular) | 1.95% | 2.07% |
| Base expense ratio (Regular) | 1.32% | 1.55% |
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.
More comparisons
Each fund against the others of its category
Compare DSP Equity Savings with
DSP Equity Savings Fund vs DSP Large Cap Fund: Frequently Asked Questions
What is the difference between DSP Equity Savings Fund and DSP Large Cap Fund?
DSP Equity Savings Fund is an Equity Savings fund, DSP Large Cap Fund is a Large Cap fund, run by DSP Mutual Fund. Their portfolios overlap 45.7%. DSP Equity Savings Fund charges 1.10% a year and DSP Large Cap Fund 1.18%.
Which has given higher returns, DSP Equity Savings Fund or DSP Large Cap Fund?
Over 1 year: DSP Equity Savings Fund +0.40%, DSP Large Cap Fund −8.56%. Over 3 years: DSP Equity Savings Fund +8.26% a year, DSP Large Cap Fund +10.95% a year. Over 5 years: DSP Equity Savings Fund +7.44% a year, DSP Large Cap Fund +9.10% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, DSP Equity Savings Fund or DSP Large Cap Fund?
DSP Equity Savings Fund charges less: 1.10% a year against 1.18%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Equity Savings Fund and DSP Large Cap Fund overlap?
45.7%. They hold 28 of the same securities, the largest shared ones being HDFCBANK, AXISBANK, ITC. From each fund's latest monthly portfolio.
Which is riskier, DSP Equity Savings Fund or DSP Large Cap Fund?
On SEBI's riskometer, DSP Equity Savings Fund is rated Moderately High and DSP Large Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 3.44% and 12.19% a year.
Which is better for SIP, DSP Equity Savings Fund or DSP Large Cap Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,28,606 in DSP Equity Savings Fund (XIRR 6.9% a year) and ₹7,52,112 in DSP Large Cap Fund (XIRR 8.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both DSP Equity Savings Fund and DSP Large Cap Fund?
Yes. 45.7% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages DSP Equity Savings Fund and DSP Large Cap Fund?
DSP Equity Savings Fund: Abhishek Singh, Shantanu Godambe, Kaivalya Nadkarni. DSP Large Cap Fund: Anish Tawakley.
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.