DSP Multi Asset Allocation Fund vs ICICI Prudential Large Cap Fund
Direct Plan, Growth option · Data as on 29-10-2026
DSP Multi Asset Allocation Fund is a Multi Asset fund and ICICI Prudential Large Cap Fund is a Large Cap fund. In the 3 years to 30-10-2026, DSP Multi Asset Allocation Fund (Direct) returned 17.3% a year and ICICI Prudential Large Cap Fund (Direct) returned 10.3% a year. DSP Multi Asset Allocation Fund charges 0.62% a year and ICICI Prudential Large Cap Fund 1.01% (Direct plans). Their portfolios overlap 27.5%: they hold 32 of the same securities.
DSP Multi Asset Allocation Fund
Multi Asset
- 3 year return
- 17.3%
- Expense ratio
- 0.62%
- NAV
- ₹16.05
ICICI Prudential Large Cap Fund
Large Cap
- 3 year return
- 10.3%
- Expense ratio
- 1.01%
- NAV
- ₹113.46
Which is better, DSP Multi Asset Allocation or ICICI Prudential 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 Multi Asset Allocation returned more over 3 years: 17.3% a year against 10.3%.
- DSP Multi Asset Allocation returned more over 1 year: 4.2% against −9.7%.
- DSP Multi Asset Allocation costs less: 0.62% a year against 1.01% (Direct plans).
- DSP Multi Asset Allocation swung less over 3 years: a standard deviation of 8.5% a year against 12.6%.
- DSP Multi Asset Allocation fell less in its worst fall since 29-09-2023: −9.7% against −15.4%.
- DSP Multi Asset Allocation holds 11.9% of the fund in foreign stocks; ICICI Prudential Large Cap 0.0%.
- ICICI Prudential Large Cap holds more in large companies: 85.1% of the fund in large caps against 28.7%.
- ICICI Prudential Large Cap is the larger fund: ₹76,352 Cr against ₹10,820 Cr.
- Their portfolios overlap 27.5%: 32 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 Multi Asset Allocation Fund | ICICI Prudential Large Cap Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Multi Asset | Large Cap |
| AUM | ₹10,820 Cr (30-09-2026) | ₹76,352 Cr (30-09-2026) |
| NAV | ₹16.05 (Direct) | ₹113.46 (Direct) |
| Expense ratio (Direct) | 0.62% | 1.01% |
| Expense ratio (Regular) | 1.58% | 1.50% |
| Riskometer | High | Very High |
| Benchmark | 40% NIFTY500 TRI + 20% NIFTY Composite Debt Index + 15% Domestic Price of Physical Gold (LBMA) + 5% iCOMDEX Composite In | Nifty 100 TRI |
| Launch date | 27-09-2023 | 23-05-2008 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Aparna Karnik, Shantanu Godambe, Ravi Gehani | Sankaran Naren, Vaibhav Dusad |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 months. | Exit load of 1%, if redeemed within 1 month. |
DSP Multi Asset Allocation vs ICICI Prudential 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 Multi Asset Allocation Fund (Direct) | −1.39% | −3.78% | −2.49% | +4.15% | +17.30% | -- | -- |
| ICICI Prudential Large Cap Fund (Direct) | +0.21% | −6.10% | −3.55% | −9.69% | +10.31% | +9.88% | +13.02% |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | +14.20% | -- | -- |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | +8.23% | +11.81% |
Category average: the average of the 37 Multi Asset funds and the 35 Large Cap funds, same plan type.
DSP Multi Asset Allocation vs ICICI Prudential Large Cap: Year-wise Returns
| Year | DSP Multi Asset AllocationDSP Multi Asset Allocation | ICICI Prudential Large CapICICI Prudential Large Cap |
|---|---|---|
| 2026to date | +0.30% | −10.78% |
| 2025 | +24.73% | +11.95% |
| 2024 | +18.12% | +17.55% |
| 2023 | -- | +28.14% |
| 2022 | -- | +7.53% |
| 2021 | -- | +29.96% |
DSP Multi Asset Allocation vs ICICI Prudential Large Cap: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of ICICI Prudential Large Cap Fund
Rolling returns
Every 3-year holding period, 21 of them, one for each trading day from 29-09-2026 to 29-10-2026: 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 Multi Asset Allocation Fund (Direct)
ICICI Prudential Large Cap Fund (Direct)
Nifty 100 TRI
to
Oct 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 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 Multi Asset Allocation | 0.0 | 0.0 | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 17.3% | 17.3% | 16.7% | 17.9% | 100% |
| ICICI Prudential Large Cap | 0.0 | 0.0 | 80.0 | 20.0 | 0.0 | 0.0 | 0.0 | 9.7% | 9.6% | 8.9% | 10.5% | 100% |
| Nifty 100 TRI | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 8.0% | 7.9% | 7.1% | 9.1% | -- |
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 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 29-09-2023. Past returns do not promise future returns.
DSP Multi Asset Allocation vs ICICI Prudential 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 29-09-2023 to 29-10-2026: 38 instalments, ₹3,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| DSP Multi Asset AllocationDSP Multi Asset Allocation Fund (Direct) | ₹3,80,000 | ₹4,60,418 | ₹80,418 | 12.3% |
| ICICI Prudential Large CapICICI Prudential Large Cap Fund (Direct) | ₹3,80,000 | ₹3,87,437 | ₹7,437 | 1.2% |
DSP Multi Asset AllocationDSP Multi Asset Allocation Fund (Direct)
ICICI Prudential Large CapICICI Prudential 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 Multi Asset Allocation vs ICICI Prudential Large Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP Multi Asset Allocation Fund (Direct) | ICICI Prudential Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.15% | −9.69% |
| Standard deviation | 10.58% | 13.10% |
| Sharpe ratio | -0.10 | -1.14 |
| Sortino ratio | -0.14 | -1.51 |
| Maximum drawdown | −9.7% (23-03-2026) | −14.2% (30-03-2026) |
| Beta | -- | 0.93 |
| Alpha | -- | −1.93% |
From daily NAVs, 29-10-2025 to 29-10-2026. 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 Multi Asset Allocation Fund (Direct) | ICICI Prudential Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +17.30% | +10.31% |
| Standard deviation | 8.55% | 12.55% |
| Sharpe ratio | 1.32 | 0.34 |
| Sortino ratio | 1.84 | 0.47 |
| Maximum drawdown | −9.7% (23-03-2026) | −15.4% (04-03-2025) |
| Beta | -- | 0.91 |
| Alpha | -- | +1.52% |
From daily NAVs, 27-10-2023 to 29-10-2026. 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 Multi Asset Allocation Fund (Direct) | ICICI Prudential Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.60% | +13.95% |
| Standard deviation | 8.47% | 15.03% |
| Sharpe ratio | 1.25 | 0.53 |
| Sortino ratio | 1.73 | 0.72 |
| Maximum drawdown | −9.7% (23-03-2026) | −37.3% (23-03-2020) |
| Beta | -- | 0.93 |
| Alpha | -- | +2.38% |
From daily NAVs, 29-09-2023 to 29-10-2026. 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 Multi Asset Allocation Fund (Direct)
ICICI Prudential 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 Multi Asset Allocation Fund (Direct) | −9.7% | 29-01-2026 | 23-03-2026 | 21-08-2026 | 5 months | −6.2% |
| ICICI Prudential Large Cap Fund (Direct) | −15.4% | 26-09-2024 | 04-03-2025 | 17-10-2025 | 7 months | −11.6% |
| Nifty 100 TRI | −17.2% | 26-09-2024 | 28-02-2025 | 02-01-2026 | 10 months | −10.1% |
From daily values since 29-09-2023, 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 Multi Asset Allocation Fund (Direct)
ICICI Prudential 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 Multi Asset Allocation Fund (Direct)
ICICI Prudential Large Cap Fund (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| DSP Multi Asset Allocation Fund (Direct) | 70% | 5% | 10.20% |
| ICICI Prudential Large Cap Fund (Direct) | 98% | 89% | 2.72% |
From month-end values since 29-09-2023. 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 Multi Asset Allocation vs ICICI Prudential Large Cap: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Multi Asset Allocation Fund, September 2026; ICICI Prudential Large Cap Fund, September 2026
Holdings in common
- Overlap
- 27.5%
- Held by both
- 32
- Only in DSP Multi Asset Allocation
- 53
- Only in ICICI Prudential Large Cap
- 59
| Security | % of DSP Multi Asset Allocation | % of ICICI Prudential Large Cap |
|---|---|---|
| HDFC Bank Limited | 3.54% | 8.44% |
| Axis Bank Limited | 2.98% | 4.14% |
| ICICI Bank Limited | 2.79% | 8.92% |
| Bharti Airtel Limited | 2.02% | 4.21% |
| Reliance Industries Limited | 1.49% | 5.46% |
| State Bank of India | 1.33% | 1.34% |
| Larsen & Toubro Limited | 1.31% | 3.82% |
| NTPC Limited | 0.96% | 2.07% |
| SBI Life Insurance Co Limited | 0.95% | 0.91% |
| Maruti Suzuki India Limited | 0.89% | 2.67% |
| Mahindra & Mahindra Limited | 0.87% | 2.51% |
| Ultratech Cement Limited | 0.80% | 2.92% |
| Life Insurance Corporation Of India | 0.78% | 2.59% |
| Power Grid Corporation of India Limited | 0.90% | 0.71% |
| Tata Motors Limited | 0.77% | 0.64% |
| DLF Limited | 0.61% | 1.05% |
| Info Edge (India) Limited | 0.65% | 0.59% |
| Bharat Petroleum Corporation Limited | 0.55% | 0.60% |
| Page Industries Limited | 0.72% | 0.53% |
| Sun Pharmaceutical Industries Limited | 0.50% | 2.08% |
| HDFC Asset Management Co Limited | 0.46% | 1.00% |
| Infosys Limited | 0.33% | 1.96% |
| Asian Paints Limited | 0.32% | 1.47% |
| Shree Cement Limited | 0.32% | 0.87% |
| Hindustan Zinc Limited | 1.01% | 0.27% |
| Hero MotoCorp Limited | 0.49% | 0.25% |
| HDFC Life Insurance Co Limited | 0.23% | 1.08% |
| Tata Motors Passenger Vehicles Limited | 0.14% | 0.44% |
| HCL Technologies Limited | 0.13% | 0.23% |
| Jindal Steel Limited | 0.11% | 0.35% |
| National Stock Exchange Of India Limited | 0.50% | 0.10% |
| Oil India Limited | 0.70% | 0.07% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 27.5% means 27.5% 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 Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| DSP Gold ETF | 11.65% |
| DSP Nifty 50 Equal Wieght ETF | 5.38% |
| 6.90% GOI 15042065 | 4.08% |
| 6.94% GOI 11052036 | 2.10% |
| Embassy Office Parks REIT | 1.42% |
Largest holdings only in ICICI Prudential Large Cap Fund
| Security | % of fund |
|---|---|
| Kotak Mahindra Bank Ltd. | 2.50% |
| Tata Steel Ltd. | 1.57% |
| Avenue Supermarts Ltd. | 1.23% |
| Interglobe Aviation Ltd. | 1.21% |
| Cummins India Ltd. | 1.07% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Multi Asset Allocation | ICICI Prudential Large Cap |
|---|---|---|
| Equity | 49.5% | 96.2% |
| Debt | 13.7% | 1.5% |
| Cash and others | 36.8% | 2.4% |
Market cap of stocks
| Market cap | DSP Multi Asset Allocation | ICICI Prudential Large Cap |
|---|---|---|
| Large Cap | 28.7% | 85.1% |
| Mid Cap | 4.4% | 10.9% |
| Small Cap | 4.1% | 0.1% |
| Foreign stocks | 11.9% | 0.0% |
| Not on AMFI's list | 0.5% | 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 Multi Asset Allocation | ICICI Prudential Large Cap |
|---|---|---|
| Banks | 10.8% | 25.3% |
| Automobiles | 2.4% | 8.0% |
| Insurance | 2.0% | 6.2% |
| Petroleum Products | 2.8% | 6.1% |
| Pharmaceuticals & Biotechnology | 0.9% | 4.5% |
| Telecom - Services | 2.2% | 4.2% |
| Foreign Security | 2.8% | 0.0% |
| Consumer Durables | 2.5% | 2.2% |
| IT - Hardware | 2.4% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Multi Asset Allocation vs ICICI Prudential Large Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Multi Asset Allocation Fund | ICICI Prudential Large Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.62% | 1.01% |
| Base expense ratio (Direct) | 0.37% | 0.72% |
| Total expense ratio (Regular) | 1.58% | 1.50% |
| Base expense ratio (Regular) | 1.18% | 1.14% |
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 Multi Asset Allocation with
DSP Multi Asset Allocation Fund vs ICICI Prudential Large Cap Fund: Frequently Asked Questions
What is the difference between DSP Multi Asset Allocation Fund and ICICI Prudential Large Cap Fund?
DSP Multi Asset Allocation Fund is a Multi Asset fund, ICICI Prudential Large Cap Fund is a Large Cap fund, run by DSP Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 27.5%. DSP Multi Asset Allocation Fund charges 0.62% a year and ICICI Prudential Large Cap Fund 1.01%.
Which has given higher returns, DSP Multi Asset Allocation Fund or ICICI Prudential Large Cap Fund?
Over 1 year: DSP Multi Asset Allocation Fund +4.15%, ICICI Prudential Large Cap Fund −9.69%. Over 3 years: DSP Multi Asset Allocation Fund +17.30% a year, ICICI Prudential Large Cap Fund +10.31% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, DSP Multi Asset Allocation Fund or ICICI Prudential Large Cap Fund?
DSP Multi Asset Allocation Fund charges less: 0.62% a year against 1.01%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Multi Asset Allocation Fund and ICICI Prudential Large Cap Fund overlap?
27.5%. They hold 32 of the same securities, the largest shared ones being HDFCBANK, AXISBANK, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, DSP Multi Asset Allocation Fund or ICICI Prudential Large Cap Fund?
On SEBI's riskometer, DSP Multi Asset Allocation Fund is rated High and ICICI Prudential Large Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 8.55% and 12.55% a year.
Which is better for SIP, DSP Multi Asset Allocation Fund or ICICI Prudential Large Cap Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 29-10-2026 grew to ₹4,44,364 in DSP Multi Asset Allocation Fund (XIRR 12.0% a year) and ₹3,74,002 in ICICI Prudential Large Cap Fund (XIRR 0.7% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both DSP Multi Asset Allocation Fund and ICICI Prudential Large Cap Fund?
Yes. 27.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages DSP Multi Asset Allocation Fund and ICICI Prudential Large Cap Fund?
DSP Multi Asset Allocation Fund: Aparna Karnik, Shantanu Godambe, Ravi Gehani. ICICI Prudential Large Cap Fund: Sankaran Naren, Vaibhav Dusad.
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.