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    DSP Equity Savings Fund

    Equity SavingsDirect and Regular plans, Growth and IDCW options

    Data as on 30-10-2026

    DSP Equity Savings Fund is an Equity Savings fund run by DSP Mutual Fund. On 30-09-2026, it managed ₹3,087 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 8.3% a year and its Regular plan returned 7.3% a year. Its benchmark, NIFTY Equity Savings Index, returned 7.1% a year over the same 3 years.

    NAV (Direct plan)
    ₹24.95
    ▲ 0.18%30-10-2026
    NAV (Regular plan)
    ₹22.01
    ▲ 0.17%30-10-2026
    Expense ratio
    1.10%Direct1.95%Regular
    Riskometer
    Moderately High
    Set by the fund house
    3 year return
    8.3%Direct7.3%Regular

    DSP Equity Savings Fund NAV Today

    NAV on 30-10-2026: Direct Plan Growth ₹24.95 (up 0.18% that day); Regular Plan Growth ₹22.01 (up 0.17% that day).

    DSP Equity Savings Fund Returns vs NIFTY Equity Savings Index

    Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

    Trailing returns
    Period1M3M6M1Y3Y5Y10Y
    This fund (Direct)0.00%−1.27%+0.40%+0.40%+8.26%+7.44%+8.35%
    This fund (Regular)−0.06%−1.49%−0.02%−0.45%+7.33%+6.51%+7.06%
    NIFTY Equity Savings Index−1.78%−0.90%+2.77%+1.54%+7.06%+6.63%--
    Equity Savings average−0.02%−0.68%+1.71%+2.12%+8.55%+7.55%+8.43%
    Best in Equity Savings+0.76%+0.84%+5.12%+6.16%+12.81%+9.34%+9.65%
    Worst in Equity Savings−1.35%−2.08%−0.15%−1.58%+6.34%+5.74%+7.17%
    Rank in Equity Savings13/2320/2320/2319/2311/2010/175/9

    Category rows compare the Direct plans of 23 Equity Savings funds. Rank 1 is the highest return. The benchmark row is as on 30-09-2026, as NSE published it.

    DSP Equity Savings Fund Year-wise Returns

    Return of each calendar year
    YearDirectRegular
    2026to date−0.51%−1.20%
    2025+7.13%+6.19%
    2024+13.04%+12.07%
    2023+13.17%+12.20%
    2022+5.42%+4.55%
    2021+14.50%+12.79%

    DSP Equity Savings Fund Rolling Returns

    The return of every holding period in the fund's history, not only the one that ends today

    Rolling returns

    Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 1,867 periods, one for each trading day from 01-04-2019 to 30-10-2026.

    0%5%10%15%20%
    Nov 2016
    to
    Nov 2019
    Feb 2018
    to
    Feb 2021
    Jun 2019
    to
    Jun 2022
    Sept 2020
    to
    Sept 2023
    Jan 2022
    to
    Jan 2025
    Mar 2023
    to
    Mar 2026
    DSP Equity Savings Fund (Direct)Category average, 23 Equity Savings funds

    Every holding period at a glance

    PeriodPeriodsMedianLowestHighestWith a lossCategory medianBeat category
    1 year2,3639.0%−12.2%37.4%6%8.7%46%
    2 years2,1159.6%−4.3%23.6%2%9.5%45%
    3 years1,86710.0%−0.0%16.7%0%10.0%35%
    5 years1,3769.7%7.1%15.8%0%9.8%34%
    7 years8809.5%8.3%10.7%0%9.7%9%
    10 years1459.1%8.3%9.5%0%9.3%0%

    Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 23 Equity Savings funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.

    DSP Equity Savings Fund Risk

    How much it swings, and the falls an investor had to sit through

    Risk and return

    MeasureDSP Equity Savings Fund (Direct)This fundCategory average
    Return (CAGR)+8.26%+8.75%
    Standard deviation3.44%4.16%
    Sharpe ratio0.650.65
    Sortino ratio0.930.89
    Maximum drawdown−2.7% (01-04-2026)−3.8% (28-02-2025)

    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.

    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.

    −20%−15%−10%−5%0%
    20172019202120232025
    DSP Equity Savings Fund (Direct)Category average, 23 Equity Savings funds
    Worst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    DSP Equity Savings Fund (Direct)−18.9%12-02-202023-03-202008-10-20207 months−2.0%
    Category average−16.0%12-02-202023-03-202018-08-20205 months−1.6%

    From the Direct plan's daily NAV since 30-03-2016, adjusted for unit splits, and the average of the 23 Equity Savings funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

    DSP Equity Savings Fund vs Other Equity Savings Funds

    The five Equity Savings funds with the best three year return, and this fund. Direct plans.

    Fund nameRankAUM (Cr)Exp. ratio1Y return3Y return3Y alpha3Y beta3Y Sharpe3Y Sortino
    HSBC Equity Savings Fund1/201,5581.41%+6.04%+12.81%----0.951.28Compare
    Edelweiss Equity Savings Fund2/201,7041.08%+5.36%+10.93%----1.251.74Compare
    Mirae Asset Equity Savings Fund3/201,9940.73%+2.60%+9.98%----0.700.97Compare
    Kotak Equity Savings Fund4/2010,4431.09%+0.58%+9.45%----0.600.82Compare
    Axis Equity Savings Fund5/208551.56%+2.69%+9.39%----0.650.88Compare
    DSP Equity Savings Fund11/203,0871.10%+0.40%+8.26%----0.650.93

    AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

    DSP Equity Savings Fund Expense Ratio and Costs

    What each plan charges a year, in force from 01-10-2026

    PlanBase expense ratioBrokerageTransaction costsLevies and GSTTotal expense ratioEquity Savings medianCost rank (1 = cheapest)
    Direct0.60%0.08%0.02%0.40%1.10%1.28%8/23
    Regular1.32%0.08%0.02%0.53%1.95%2.20%7/23

    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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Equity Savings funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

    Direct vs Regular: what the gap cost

    Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

    Over the lastRegularDirectDirect earned more by₹1 lakh became (Regular)₹1 lakh became (Direct)
    1 year−0.45%0.40%0.85%₹99,550₹1,00,400
    3 years7.33%8.26%0.93% a year₹1,23,641₹1,26,883
    5 years6.51%7.44%0.93% a year₹1,37,073₹1,43,163
    10 years7.06%8.35%1.29% a year₹1,97,821₹2,22,992

    Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

    DSP Equity Savings Fund SIP Calculator

    What a one-time or monthly investment in this fund would be worth today, from its own NAV history

    Growth of an investment

    Step up each year
    PeriodFor

    ₹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.

    InvestmentInvestedValue nowGainReturn a year
    Direct planDSP Equity Savings Fund (Direct) ₹12,80,000 ₹20,44,214 ₹7,64,214 8.5%
    Regular planDSP Equity Savings Fund (Regular) ₹12,80,000 ₹19,13,165 ₹6,33,165 7.3%
    Category averageCategory average, 23 Equity Savings funds ₹12,80,000 ₹20,96,693 ₹8,16,693 8.9%
    ₹0₹5.0 L₹10.0 L₹15.0 L₹20.0 L₹25.0 L
    20172019202120232025
    Direct planDSP Equity Savings Fund (Direct)Regular planDSP Equity Savings Fund (Regular)Category averageCategory average, 23 Equity Savings fundsAmount invested

    From each plan's published NAV (Growth option) and the category average, 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 Fund Asset Allocation

    Asset allocation as on 30-09-2026

    What the fund holds

    68.7%Equity

    AssetFundCategory
    Equity68.7%67.5%
    Debt25.5%18.7%
    Cash and others5.9%14.1%

    Market cap of stocks

    Market capFundCategory
    Large Cap57.0%52.2%
    Mid Cap6.1%9.5%
    Small Cap5.6%5.3%

    Share of the whole fund. Category: the average of the Equity Savings funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.

    Credit rating

    Bonds and money market papers by credit rating, % of the fund. Category: the average of 23 Equity Savings funds.

    RatingFundCategory
    Sovereign10.4%7.7%
    AAA and A1+14.2%7.2%
    AA0.8%2.4%

    DSP Equity Savings Fund Sector Allocation

    Sector allocation of the fund's stocks as on 30-09-2026

    Largest sectors

    1. Banks21.6%

    2. Pharmaceuticals & Biotechnology6.2%

    3. Telecom - Services6.1%

    4. Automobiles5.3%

    5. Insurance4.7%

    6. Petroleum Products3.7%

    7. Diversified FMCG3.2%

    8. Consumer Durables3.1%

    9. Power3.1%

    10. Non - Ferrous Metals1.9%

    The ten largest of 26 sectors. The other 16 add up to 9.8%.

    Sector changes

    SectorJuly 2026August 2026September 2026Change
    Banks20.4%20.7%21.6%+1.2%
    Pharmaceuticals & Biotechnology6.0%6.2%6.2%+0.2%
    Telecom - Services5.7%6.1%6.1%+0.4%
    Automobiles6.6%6.7%5.3%−1.3%
    Insurance4.2%4.5%4.7%+0.5%

    Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.

    DSP Equity Savings Fund Portfolio Holdings

    As on 30-09-2026 · 82 holdings · from the fund house's monthly portfolio

    HoldingsSector / RatingWeight%Holdings trend1M change
    HDFC Bank LimitedBanks7.25%0.0%
    Axis Bank LimitedBanks4.69%0.0%
    Kotak Mahindra Bank LimitedBanks3.68%0.0%
    ITC LimitedDiversified FMCG3.24%0.0%
    Mahindra & Mahindra LimitedAutomobiles3.10%0.0%
    Reliance Industries LimitedPetroleum Products3.10%0.0%
    6.87% GOI FRB 22092033 · Government securitySovereign2.87%
    NTPC LimitedPower2.46%0.0%
    ICICI Bank LimitedBanks2.34%0.0%
    Vodafone Idea LimitedTelecom - Services2.28%0.0%

    DSP Equity Savings Fund Stocks Bought and Sold

    All changes are between August 2026 and September 2026

    More
    Stocks bought and sold in September 2026
    Bajaj Finance LimitedSold out−100%was 2.13%
    Eicher Motors LimitedSold out−100%was 1.11%
    Hero MotoCorp LimitedReduced−12.7%0.97%
    HDFC Asset Management Co LimitedNewNew0.97%
    ICICI Lombard General Insurance Co LimitedAdded+0.3%0.84%
    Bharat Electronics LimitedReduced−85.3%0.08%
    Hindustan Petroleum Corporation LimitedReduced−31.6%0.20%
    Oberoi Realty LimitedNewNew0.17%
    Apollo Hospitals Enterprise LimitedSold out−100%was 0.13%
    IPCA Laboratories LimitedReduced−15.2%0.10%

    A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.

    What DSP Equity Savings Fund bought and sold

    DSP Equity Savings Fund Portfolio Overlap

    Funds with the most similar portfolios, across every fund house and category

    FundOverlapHoldings in common
    DSP Aggressive Hybrid FundAggressive Hybrid · DSP51.8%39Compare
    DSP Large Cap FundLarge Cap · DSP45.7%28Compare
    DSP Value FundValue and Contra · DSP44.0%34Compare
    DSP Dynamic Asset Allocation FundBalanced Advantage · DSP43.8%34Compare
    DSP ELSS Tax Saver FundELSS · DSP43.3%26Compare
    ICICI Prudential Equity Savings FundEquity Savings · ICICI Prudential41.9%41Compare
    ICICI Prudential Large Cap FundLarge Cap · ICICI Prudential41.8%33Compare
    Bandhan Flexi Cap FundFlexi Cap · Bandhan41.3%24Compare

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

    DSP Equity Savings Fund Overview

    Fund facts from the scheme summary document, as on 16-10-2026

    Expense ratio (Direct)
    1.10%
    Expense ratio (Regular)
    1.95%
    Category
    Equity Savings
    Risk
    Moderately High
    Benchmark
    Nifty Equity Savings Index
    Launch date
    28-03-2016
    Minimum investment
    ₹100
    Minimum additional investment
    ₹100
    AUM
    ₹3,087.35 Cr (30-09-2026)
    Lock in
    None
    Scheme code (Direct)
    136567
    ISIN (Direct)
    INF740KA1504
    Scheme code (Regular)
    136563
    ISIN (Regular)
    INF740KA1439
    NAV history
    From 30-03-2016, 10.6 years
    Exit load
    Nil

    Tax on DSP Equity Savings Fund returns

    • DSP Equity Savings Fund is taxed as an equity fund: 65% or more of it is in Indian stocks, counting its hedged positions.
    • Units sold within 1 year: the gain is taxed at 20%.
    • Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
    • IDCW (dividend) payouts are added to your income and taxed at your slab rate.
    • A stamp duty of 0.005% is deducted when you invest.

    Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

    All plans and options

    PlanOptionNAVAs on
    directGrowth₹24.94630-10-2026
    directIDCW₹13.54130-10-2026
    directMonthly IDCW₹16.86630-10-2026
    directQuarterly IDCW₹16.78530-10-2026
    regularGrowth₹22.00730-10-2026
    regularIDCW₹11.98430-10-2026
    regularMonthly IDCW₹13.10730-10-2026
    regularQuarterly IDCW₹13.11130-10-2026

    About DSP Equity Savings Fund

    DSP Equity Savings Fund is a mutual fund from DSP Mutual Fund. Its category is Equity Savings. It was launched on 28-03-2016. Its benchmark is Nifty Equity Savings Index. At the end of September 2026 it held 82 securities.

    Fund Manager

    • Abhishek Singh

      Fund manager of DSP Equity Savings Fund, since 01-05-2021

    • Shantanu Godambe

      Fund manager of DSP Equity Savings Fund, since 01-08-2024

    • Kaivalya Nadkarni

      Fund manager of DSP Equity Savings Fund, since 01-10-2024

    See all funds of DSP Mutual Fund

    AUM change

    September 2026
    ₹3,087.35 Cr
    −6.62% from August 2026
    August 2026
    ₹3,306.27 Cr
    −4.56% from July 2026
    July 2026
    ₹3,464.28 Cr
    −1.37% from June 2026

    AUM moves with money invested or taken out, and with the value of what the fund holds.

    Compare DSP Equity Savings Fund with Other Funds

    Returns, risk, costs and the stocks they share, side by side

    Frequently Asked Questions for DSP Equity Savings Fund

    What is the current NAV of DSP Equity Savings Fund?

    The Direct plan NAV is ₹24.946. The Regular plan NAV is ₹22.007, as on 30-10-2026.

    What are the returns of DSP Equity Savings Fund?

    The Direct plan returned +0.40% in 1 year, +8.26% a year over 3 years, +7.44% a year over 5 years. The Regular plan returned −0.45% in 1 year, +7.33% a year over 3 years, +6.51% a year over 5 years. These figures are as on 30-10-2026.

    What is the expense ratio of DSP Equity Savings Fund?

    The Direct plan charges 1.10% a year. The Regular plan charges 1.95% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.

    What is the AUM of DSP Equity Savings Fund?

    DSP Equity Savings Fund managed ₹3,087.35 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

    What are the top holdings of DSP Equity Savings Fund?

    At the end of September 2026 the largest holdings were HDFCBANK (7.25%), AXISBANK (4.69%), KOTAKBANK (3.68%), ITC (3.24%), M&M (3.10%). The fund held 82 securities in all.

    What did DSP Equity Savings Fund buy and sell in September 2026?

    It bought 2 new stocks: Oberoi Realty Limited, HDFC Asset Management Co Limited. It sold out of 11: Eicher Motors Limited, Steel Authority of India Limited, Power Finance Corporation Limited, Tata Motors Passenger Vehicles Limited, Bajaj Finance Limited. It added shares in 1. It reduced 4.

    How do I invest in DSP Equity Savings Fund?

    Through DSP Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹100. You can invest once or through a monthly SIP.

    Who is the fund manager of DSP Equity Savings Fund?

    Abhishek Singh (since 01-05-2021), Shantanu Godambe (since 01-08-2024), Kaivalya Nadkarni (since 01-10-2024).

    Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

    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.

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