DSP Equity Savings Fund vs Kotak Equity Savings Fund
Direct Plan, Growth option · Data as on 30-10-2026
DSP Equity Savings Fund and Kotak Equity Savings Fund are both Equity Savings funds. In the 3 years to 30-10-2026, DSP Equity Savings Fund (Direct) returned 8.3% a year and Kotak Equity Savings Fund (Direct) returned 9.4% a year. DSP Equity Savings Fund charges 1.10% a year and Kotak Equity Savings Fund 1.09% (Direct plans). Their portfolios overlap 28.8%: they hold 33 of the same securities.
DSP Equity Savings Fund
Equity Savings
- 3 year return
- 8.3%
- Expense ratio
- 1.10%
- NAV
- ₹24.95
Kotak Equity Savings Fund
Equity Savings
- 3 year return
- 9.4%
- Expense ratio
- 1.09%
- NAV
- ₹29.94
Which is better, DSP Equity Savings or Kotak Equity Savings? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak Equity Savings returned more over 5 years: 9.1% a year against 7.4%.
- Kotak Equity Savings returned more over 3 years: 9.4% a year against 8.3%.
- Kotak Equity Savings costs less: 1.09% a year against 1.10% (Direct plans).
- DSP Equity Savings swung less over 3 years: a standard deviation of 3.4% a year against 5.7%.
- Kotak Equity Savings fell less in its worst fall since 30-03-2016: −16.5% against −18.9%.
- DSP Equity Savings holds more in large companies: 57.0% of the fund in large caps against 42.8%.
- Kotak Equity Savings is the larger fund: ₹10,443 Cr against ₹3,087 Cr.
- Their portfolios overlap 28.8%: 33 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 | Kotak Equity Savings Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Equity Savings | Equity Savings |
| AUM | ₹3,087 Cr (30-09-2026) | ₹10,443 Cr (30-09-2026) |
| NAV | ₹24.95 (Direct) | ₹29.94 (Direct) |
| Expense ratio (Direct) | 1.10% | 1.09% |
| Expense ratio (Regular) | 1.95% | 2.13% |
| Riskometer | Moderately High | Moderately High |
| Benchmark | Nifty Equity Savings Index | NIFTY Equity Savings Index (TRI) |
| Launch date | 28-03-2016 | 13-10-2014 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Abhishek Singh, Shantanu Godambe, Kaivalya Nadkarni | Devender Singhal, Abhishek Bisen, Hiten Shah |
| Exit load | Nil | Exit load for units in excess of 8% of the investment,1% will be charged for redemption within 90 days. |
DSP Equity Savings vs Kotak Equity Savings: 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% |
| Kotak Equity Savings Fund (Direct) | −1.35% | −2.08% | −0.15% | +0.58% | +9.45% | +9.14% | +9.65% |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | +7.55% | +8.43% |
Category average: the average of the 23 Equity Savings funds, same plan type.
DSP Equity Savings vs Kotak Equity Savings: Year-wise Returns
| Year | DSPDSP Equity Savings | KotakKotak Equity Savings |
|---|---|---|
| 2026to date | −0.51% | −0.57% |
| 2025 | +7.13% | +9.12% |
| 2024 | +13.04% | +12.97% |
| 2023 | +13.17% | +16.89% |
| 2022 | +5.42% | +7.90% |
| 2021 | +14.50% | +12.17% |
DSP Equity Savings vs Kotak Equity Savings: Rolling Returns
Every holding period of both funds
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)
Kotak Equity Savings Fund (Direct)
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% |
| Kotak Equity Savings | 0.0 | 1.8 | 34.4 | 63.5 | 0.3 | 0.0 | 0.0 | 10.7% | 11.0% | 2.1% | 16.7% |
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. 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 Kotak Equity Savings: 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% |
| Kotak Equity SavingsKotak Equity Savings Fund (Direct) | ₹12,80,000 | ₹21,83,475 | ₹9,03,475 | 9.6% |
DSP Equity SavingsDSP Equity Savings Fund (Direct)
Kotak Equity SavingsKotak Equity Savings 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 Kotak Equity Savings: 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) | Kotak Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.40% | +0.58% |
| Standard deviation | 3.55% | 5.72% |
| Sharpe ratio | -1.36 | -0.81 |
| Sortino ratio | -1.82 | -1.05 |
| Maximum drawdown | −2.7% (01-04-2026) | −5.2% (30-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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) | Kotak Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.26% | +9.45% |
| Standard deviation | 3.44% | 5.66% |
| Sharpe ratio | 0.65 | 0.60 |
| Sortino ratio | 0.93 | 0.82 |
| Maximum drawdown | −2.7% (01-04-2026) | −6.0% (28-02-2025) |
| Beta | -- | -- |
| Alpha | -- | -- |
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) | Kotak Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.44% | +9.14% |
| Standard deviation | 3.72% | 5.15% |
| Sharpe ratio | 0.44 | 0.65 |
| Sortino ratio | 0.62 | 0.88 |
| Maximum drawdown | −4.3% (20-06-2022) | −6.0% (28-02-2025) |
| Beta | -- | -- |
| Alpha | -- | -- |
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) | Kotak Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.97% | +9.53% |
| Standard deviation | 5.59% | 5.60% |
| Sharpe ratio | 0.63 | 0.68 |
| Sortino ratio | 0.84 | 0.92 |
| Maximum drawdown | −18.9% (23-03-2020) | −16.5% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
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)
Kotak Equity Savings Fund (Direct)
| 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% |
| Kotak Equity Savings Fund (Direct) | −16.5% | 19-02-2020 | 23-03-2020 | 21-07-2020 | 4 months | −3.0% |
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)
Kotak Equity Savings Fund (Direct)
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)
Kotak Equity Savings Fund (Direct)
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)
Kotak Equity Savings Fund (Direct)
DSP Equity Savings vs Kotak Equity Savings: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Equity Savings Fund, September 2026; Kotak Equity Savings Fund, September 2026
Holdings in common
- Overlap
- 28.8%
- Held by both
- 33
- Only in DSP Equity Savings
- 49
- Only in Kotak Equity Savings
- 127
| Security | % of DSP Equity Savings | % of Kotak Equity Savings |
|---|---|---|
| HDFC Bank Limited | 7.25% | 4.38% |
| NTPC Limited | 2.46% | 2.24% |
| ICICI Bank Limited | 2.34% | 2.19% |
| Bharti Airtel Limited | 2.04% | 4.93% |
| Reliance Industries Limited | 3.10% | 2.02% |
| ITC Limited | 3.24% | 1.87% |
| Indus Towers Limited | 1.82% | 3.38% |
| Axis Bank Limited | 4.69% | 1.26% |
| Larsen & Toubro Limited | 1.78% | 1.12% |
| Bank of Baroda | 0.99% | 1.21% |
| Hero MotoCorp Limited | 0.97% | 2.23% |
| Maruti Suzuki India Limited | 0.95% | 2.94% |
| State Bank of India | 0.85% | 2.77% |
| Knowledge Realty Trust | 0.82% | 0.81% |
| Hindustan Aeronautics Limited | 0.68% | 0.91% |
| Vodafone Idea Limited | 2.28% | 0.59% |
| Sun Pharmaceutical Industries Limited | 1.75% | 0.53% |
| Mahindra & Mahindra Limited | 3.10% | 0.52% |
| HDFC Bank Limited | 1.58% | 0.47% |
| 6.90% GOI 15042065 | 1.65% | 0.41% |
| Ambuja Cements Limited | 0.34% | 0.56% |
| Brookfield India Real Estate Trust | 0.31% | 0.59% |
| NMDC Limited | 0.46% | 0.26% |
| Hindalco Industries Limited | 1.86% | 0.22% |
| SBI Life Insurance Co Limited | 1.14% | 0.20% |
| JSW Steel Limited | 0.18% | 0.47% |
| Cipla Limited | 2.07% | 0.15% |
| United Spirits Limited | 0.14% | 0.15% |
| TVS Motor Co Limited | 0.24% | 0.10% |
| Bharat Electronics Limited | 0.08% | 0.16% |
| LIC Housing Finance Limited | 0.08% | 0.96% |
| Tata Power Co Limited | 0.44% | 0.02% |
| Power Grid Corporation of India Limited | 0.19% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 28.8% means 28.8% 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 |
|---|---|
| Kotak Mahindra Bank Limited | 3.68% |
| 6.87% GOI FRB 22092033 | 2.87% |
| 7.38% GOI 20062027 | 2.17% |
| Bharti Telecom Limited | 1.69% |
| Power Finance Corporation Limited | 1.68% |
Largest holdings only in Kotak Equity Savings Fund
| Security | % of fund |
|---|---|
| Kotak Liquid Direct Growth | 7.59% |
| One 97 Communications Ltd | 3.60% |
| Adani Ports and Special Economic Zone Limited | 2.47% |
| Radico Khaitan Ltd. | 2.37% |
| CUBE HIGHWAYS TRUST | 1.79% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Equity Savings | Kotak Equity Savings |
|---|---|---|
| Equity | 68.7% | 64.3% |
| Debt | 25.5% | 16.4% |
| Cash and others | 5.9% | 19.3% |
Market cap of stocks
| Market cap | DSP Equity Savings | Kotak Equity Savings |
|---|---|---|
| Large Cap | 57.0% | 42.8% |
| Mid Cap | 6.1% | 17.0% |
| Small Cap | 5.6% | 3.9% |
| Not on AMFI's list | 0.0% | 0.7% |
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 | Kotak Equity Savings |
|---|---|---|
| Banks | 21.6% | 13.3% |
| Telecom - Services | 6.1% | 8.9% |
| Pharmaceuticals & Biotechnology | 6.2% | 0.0% |
| Automobiles | 5.3% | 5.8% |
| Insurance | 4.7% | 0.2% |
| Finance | 0.1% | 4.0% |
| Petroleum Products | 3.7% | 2.0% |
| Financial Technology (Fintech) | 0.0% | 3.6% |
| Power | 3.1% | 3.5% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Equity Savings vs Kotak Equity Savings: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Equity Savings Fund | Kotak Equity Savings Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.10% | 1.09% |
| Base expense ratio (Direct) | 0.60% | 0.57% |
| Total expense ratio (Regular) | 1.95% | 2.13% |
| Base expense ratio (Regular) | 1.32% | 1.45% |
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 Kotak Equity Savings Fund: Frequently Asked Questions
What is the difference between DSP Equity Savings Fund and Kotak Equity Savings Fund?
Both are Equity Savings funds, run by DSP Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 28.8%. DSP Equity Savings Fund charges 1.10% a year and Kotak Equity Savings Fund 1.09%.
Which has given higher returns, DSP Equity Savings Fund or Kotak Equity Savings Fund?
Over 1 year: DSP Equity Savings Fund +0.40%, Kotak Equity Savings Fund +0.58%. Over 3 years: DSP Equity Savings Fund +8.26% a year, Kotak Equity Savings Fund +9.45% a year. Over 5 years: DSP Equity Savings Fund +7.44% a year, Kotak Equity Savings Fund +9.14% 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 Kotak Equity Savings Fund?
Kotak Equity Savings Fund charges less: 1.09% a year against 1.10%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Equity Savings Fund and Kotak Equity Savings Fund overlap?
28.8%. They hold 33 of the same securities, the largest shared ones being HDFCBANK, NTPC, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, DSP Equity Savings Fund or Kotak Equity Savings Fund?
On SEBI's riskometer, DSP Equity Savings Fund is rated Moderately High and Kotak Equity Savings Fund Moderately High. Over 3 years, the standard deviation of daily returns was 3.44% and 5.66% a year.
Which is better for SIP, DSP Equity Savings Fund or Kotak Equity Savings 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 ₹7,54,250 in Kotak Equity Savings Fund (XIRR 8.3% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both DSP Equity Savings Fund and Kotak Equity Savings Fund?
Yes. 28.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages DSP Equity Savings Fund and Kotak Equity Savings Fund?
DSP Equity Savings Fund: Abhishek Singh, Shantanu Godambe, Kaivalya Nadkarni. Kotak Equity Savings Fund: Devender Singhal, Abhishek Bisen, Hiten Shah.
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.