DSP Healthcare Fund

SectoralDirect and Regular plans, Growth and IDCW options

Data as on 29-10-2026

DSP Healthcare Fund is a Sectoral fund run by DSP Mutual Fund. On 30-09-2026, it managed ₹3,750 Cr of investors' money. In the 3 years to 29-10-2026, its Direct plan returned 21.8% a year and its Regular plan returned 20.2% a year. Its benchmark, BSE Healthcare TRI, returned 22.8% a year over the same 3 years.

NAV (Direct plan): ₹50.24; ▲ 0.51%29-10-2026
NAV (Regular plan): ₹44.76; ▲ 0.50%29-10-2026
Expense ratio: 0.76%Direct2.06%Regular; 0.76%; A year
Riskometer: Very High; Set by the fund house
3 year return: 21.8%Direct20.2%Regular; 21.8%; A year

DSP Healthcare Fund NAV Today

NAV on 29-10-2026: Direct Plan Growth ₹50.24 (up 0.51% that day); Regular Plan Growth ₹44.76 (up 0.50% that day).

This fund (Direct plan)

₹50.237

DSP Healthcare Fund Returns vs BSE Healthcare TRI

Returns as on 29-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	−1.61%	+1.18%	+16.73%	+15.40%	+21.77%	+16.26%	--
This fund (Regular)	−1.72%	+0.85%	+15.97%	+13.90%	+20.16%	+14.71%	--
BSE Healthcare TRI	−3.04%	−2.14%	+11.68%	+10.81%	+22.78%	+15.39%	+12.44%
Sectoral average	−1.70%	−4.49%	+2.30%	−0.58%	+15.61%	+14.51%	--
Best in Sectoral	+7.03%	+2.10%	+17.99%	+19.53%	+21.77%	+18.38%	--
Worst in Sectoral	−7.36%	−8.92%	−7.57%	−9.47%	+9.87%	+10.82%	--
Rank in Sectoral	8/20	3/19	2/19	2/17	1/9	2/6	--

Category rows compare the Direct plans of 20 Sectoral funds. Rank 1 is the highest return.

DSP Healthcare Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	BSE Healthcare TRI
2026to date	+15.40%	+14.16%	+14.00%
2025	−4.55%	−5.81%	−2.72%
2024	+42.61%	+40.69%	+44.30%
2023	+36.80%	+35.00%	+37.97%
2022	−6.50%	−7.79%	−11.50%
2021	+25.11%	+23.30%	+21.54%

DSP Healthcare 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 1,186 periods, one for each trading day from 03-12-2021 to 29-10-2026.

0%10%20%30%40%

Apr 2019
to
Apr 2022Feb 2020
to
Feb 2023Dec 2020
to
Dec 2023Oct 2021
to
Oct 2024Aug 2022
to
Aug 2025Jun 2023
to
Jun 2026

DSP Healthcare Fund (Direct)BSE Healthcare TRI

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	1,682	20.5%	−14.0%	97.1%	19%	18.1%	68%
2 years	1,432	24.7%	3.1%	57.8%	0%	23.4%	69%
3 years	1,186	22.8%	15.0%	35.1%	0%	20.8%	78%
5 years	693	25.2%	14.2%	35.6%	0%	20.1%	96%
7 years	217	23.9%	21.1%	26.7%	0%	20.4%	100%

Every SIP holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	83	24.2%	−21.3%	101.3%	18%	19.9%	60%
2 years	71	19.6%	−2.2%	60.6%	6%	20.0%	66%
3 years	59	20.3%	7.6%	40.9%	0%	20.5%	68%
5 years	35	21.4%	13.3%	31.8%	0%	20.7%	66%

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 benchmark" counts the periods in which the fund did better than BSE Healthcare TRI over the same days. Past returns do not promise future returns.

DSP Healthcare Fund Risk

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

Risk and return

Measure	DSP Healthcare Fund (Direct)This fund	BSE Healthcare TRI
Return (CAGR)	+15.40%	+12.37%
Standard deviation	12.14%	13.56%
Sharpe ratio	0.84	0.53
Sortino ratio	1.24	0.77
Maximum drawdown	−10.5% (23-03-2026)	−9.9% (23-10-2026)
Beta	0.73	1.00
Alpha	+6.09%	0.00%

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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	DSP Healthcare Fund (Direct)This fund	BSE Healthcare TRI
Return (CAGR)	+21.77%	+23.01%
Standard deviation	12.56%	14.12%
Sharpe ratio	1.25	1.20
Sortino ratio	1.77	1.71
Maximum drawdown	−16.1% (07-04-2025)	−16.2% (28-02-2025)
Beta	0.77	1.00
Alpha	+2.89%	0.00%

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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	DSP Healthcare Fund (Direct)This fund	BSE Healthcare TRI
Return (CAGR)	+16.26%	+15.61%
Standard deviation	12.71%	13.97%
Sharpe ratio	0.82	0.70
Sortino ratio	1.17	1.00
Maximum drawdown	−20.5% (17-06-2022)	−19.6% (17-06-2022)
Beta	0.80	1.00
Alpha	+2.79%	0.00%

From daily NAVs, 29-10-2021 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	DSP Healthcare Fund (Direct)This fund	BSE Healthcare TRI
Return (CAGR)	+22.57%	+18.10%
Standard deviation	14.11%	16.32%
Sharpe ratio	1.23	0.79
Sortino ratio	1.77	1.12
Maximum drawdown	−21.7% (23-03-2020)	−24.1% (23-03-2020)
Beta	0.77	1.00
Alpha	+7.48%	0.00%

From daily NAVs, 03-12-2018 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

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.

−25%−20%−15%−10%−5%0%

20192020202120222023202420252026

DSP Healthcare Fund (Direct)BSE Healthcare TRI

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
DSP Healthcare Fund (Direct)	−21.7%	20-02-2020	23-03-2020	20-04-2020	28 days	−2.8%
BSE Healthcare TRI	−24.1%	20-02-2020	23-03-2020	09-04-2020	17 days	−3.8%

From the Direct plan's daily NAV since 03-12-2018, adjusted for unit splits, and BSE Healthcare TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

DSP Healthcare Fund vs Other Sectoral Funds

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

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
DSP Healthcare Fund	1/9	3,750	0.76%	+15.40%	+21.77%	+2.89%	0.77	1.25	1.77
Nippon India Pharma Fund	2/9	9,166	0.99%	+9.05%	+18.56%	−2.50%	0.88	0.97	1.39	Compare
Bandhan Transportation and Logistics Fund	3/9	771	1.07%	−1.82%	+17.11%	+1.71%	0.84	0.69	0.97	Compare
Nippon India Power & Infra Fund	4/9	7,867	1.11%	−2.17%	+16.41%	+2.80%	0.97	0.59	0.78	Compare
Invesco India Financial Services Fund	5/9	1,789	0.96%	−2.22%	+15.03%	+5.53%	0.93	0.55	0.77	Compare

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 Healthcare Fund Expense Ratio and Costs

What each plan charges a year, in force from 21-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Sectoral median	Cost rank (1 = cheapest)
Direct	0.54%	0.04%	0.00%	0.18%	0.76%	1.07%	1/20
Regular	1.65%	0.04%	0.00%	0.37%	2.06%	2.51%	4/20

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 Sectoral 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 last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	13.90%	15.40%	1.50%	₹1,13,900	₹1,15,400
3 years	20.16%	21.77%	1.61% a year	₹1,73,492	₹1,80,560
5 years	14.71%	16.26%	1.55% a year	₹1,98,612	₹2,12,399

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 Healthcare 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

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 03-12-2018 to 29-10-2026: 95 instalments, ₹9,50,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planDSP Healthcare Fund (Direct)	₹9,50,000	₹22,58,555	₹13,08,555	21.3%
Regular planDSP Healthcare Fund (Regular)	₹9,50,000	₹21,04,454	₹11,54,454	19.6%
BSE Healthcare TRI	₹9,50,000	₹20,81,279	₹11,31,279	19.3%
Category averageCategory average, 20 Sectoral funds	₹9,50,000	₹20,23,396	₹10,73,396	18.6%

₹0₹5.0 L₹10.0 L₹15.0 L₹20.0 L₹25.0 L

20192020202120222023202420252026

Direct planDSP Healthcare Fund (Direct)Regular planDSP Healthcare Fund (Regular)BSE Healthcare TRICategory averageCategory average, 20 Sectoral fundsAmount invested

From each plan's published NAV (Growth option), the benchmark's TRI 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 Healthcare Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

93.3%Equity

Asset	Fund	Category
Equity	93.3%	95.6%
Cash and others	6.7%	3.7%

Market cap of stocks

Market cap	Fund	Category
Large Cap	24.9%	44.1%
Mid Cap	14.2%	21.8%
Small Cap	42.7%	26.9%
Foreign stocks	9.3%	0.5%
Not on AMFI's list	2.2%	2.3%

Share of the whole fund. Category: the average of the Sectoral 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.

DSP Healthcare Fund Sector Allocation

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

Largest sectors

Pharmaceuticals & Biotechnology65.8%
Healthcare Services17.8%
Healthcare Equipment & Supplies7.5%
Foreign Security1.1%
Insurance1.0%

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Pharmaceuticals & Biotechnology	65.9%	67.3%	65.8%	−0.1%
Healthcare Services	18.2%	20.4%	17.8%	−0.4%
Healthcare Equipment & Supplies	7.5%	7.5%	7.5%	+0.1%
Foreign Security	0.9%	1.0%	1.1%	+0.2%
Insurance	1.1%	1.0%	1.0%	−0.1%

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 Healthcare Fund Portfolio Holdings

As on 30-09-2026 · 32 holdings · from the fund house's monthly portfolio

Holdings	Sector	Weight%	1M change
IPCA Laboratories Limited	Pharmaceuticals & Biotechnology	8.13%	−6.7%
Sun Pharmaceutical Industries Limited	Pharmaceuticals & Biotechnology	7.44%	0.0%
Cipla Limited	Pharmaceuticals & Biotechnology	7.18%	0.0%
Sai Life Sciences Limited	Pharmaceuticals & Biotechnology	6.52%	−18.1%
Gland Pharma Limited	Pharmaceuticals & Biotechnology	6.15%	0.0%
Apollo Hospitals Enterprise Limited	Healthcare Services	6.07%	0.0%
Globus Medical Inc	Healthcare Equipment & Supplies	5.15%	0.0%
Alkem Laboratories Limited	Pharmaceuticals & Biotechnology	4.75%	+17.3%
Divi's Laboratories Limited	Pharmaceuticals & Biotechnology	4.17%	0.0%
Cohance Lifesciences Limited	Pharmaceuticals & Biotechnology	3.79%	0.0%
Alembic Pharmaceuticals Limited	Pharmaceuticals & Biotechnology	3.18%	0.0%
Kovai Medical Center And Hospital Limited	Healthcare Services	2.83%	0.0%
Pfizer Limited	Pharmaceuticals & Biotechnology	2.72%	0.0%
Concord Biotech Limited	Pharmaceuticals & Biotechnology	2.70%	0.0%
Vijaya Diagnostic Centre Limited	Healthcare Services	2.36%	0.0%
Procter & Gamble Health Limited	Pharmaceuticals & Biotechnology	2.36%	0.0%
Indoco Remedies Limited	Pharmaceuticals & Biotechnology	2.26%	0.0%
Intuitive Surgical Inc	Healthcare Equipment & Supplies	1.95%	0.0%
Thyrocare Technologies Limited	Healthcare Services	1.91%	0.0%
Manipal Health Enterprises Limited	Healthcare Services	1.85%	−47.3%
Unichem Laboratories Limited	Pharmaceuticals & Biotechnology	1.64%	0.0%
Syngene International Limited	Healthcare Services	1.35%	+10.8%
Nephrocare Health Services Limited	Healthcare Services	1.12%	0.0%
Global X Funds - Global X Genomics & Biotechnology ETF	Foreign Security	1.10%	0.0%
ICICI Lombard General Insurance Co Limited	Insurance	1.02%	0.0%
Aarti Drugs Limited	Pharmaceuticals & Biotechnology	0.98%	0.0%
Abbott Laboratories	Pharmaceuticals & Biotechnology	0.80%	0.0%
Eris Lifesciences Limited	Pharmaceuticals & Biotechnology	0.72%	0.0%
Jupiter Life Line Hospitals Limited	Healthcare Services	0.35%	0.0%
Grail Inc	Healthcare Equipment & Supplies	0.31%	0.0%
Abbott India Limited	Pharmaceuticals & Biotechnology	0.26%	New
Laxmi Dental Limited	Healthcare Equipment & Supplies	0.14%	0.0%

DSP Healthcare Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

IPCA Laboratories Limited	Reduced	−6.7%	8.13%
Sai Life Sciences Limited	Reduced	−18.1%	6.52%
Alkem Laboratories Limited	Added	+17.3%	4.75%
Manipal Health Enterprises Limited	Reduced	−47.3%	1.85%
Syngene International Limited	Added	+10.8%	1.35%
Abbott India Limited	New	New	0.26%

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 Healthcare Fund bought and sold

DSP Healthcare Fund Portfolio Overlap

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

Fund	Overlap	Holdings in common
Aditya Birla Sun Life Pharma and Healthcare FundThematic · Aditya Birla Sun Life	41.7%	16	Compare
Nippon India Pharma FundSectoral · Nippon India	41.5%	15	Compare
ICICI Prudential Healthcare FundThematic · ICICI Prudential	39.9%	16	Compare
UTI - Healthcare FundThematic · UTI	39.0%	18	Compare
HDFC Pharma and Healthcare FundThematic · HDFC	35.1%	14	Compare
Bandhan Healthcare FundSectoral · Bandhan	34.6%	11	Compare
Mirae Asset Healthcare FundThematic · Mirae Asset	33.6%	9	Compare
ITI Pharma and Healthcare FundThematic · ITI	33.2%	11	Compare

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 Healthcare Fund Overview

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

Expense ratio (Direct): 0.76%
Expense ratio (Regular): 2.06%
Category: Sectoral
Risk: Very High
Benchmark: BSE Healthcare TRI
Launch date: 30-11-2018
Minimum investment: ₹100
Minimum additional investment: ₹100
AUM: ₹3,750.04 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 145454
ISIN (Direct): INF740KA1LG1
Scheme code (Regular): 145456
ISIN (Regular): INF740KA1LD8
NAV history: From 03-12-2018, 7.9 years

Exit load: Exit load of 0.50% if redeemed within 1 month.

Tax on DSP Healthcare Fund returns

DSP Healthcare Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
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

Plan	Option	NAV	As on
direct	Growth	₹50.237	29-10-2026
direct	IDCW	₹29.051	29-10-2026
regular	Growth	₹44.755	29-10-2026
regular	IDCW	₹25.926	29-10-2026

About DSP Healthcare Fund

DSP Healthcare Fund is a mutual fund from DSP Mutual Fund. Its category is Sectoral. It was launched on 30-11-2018. Its benchmark is BSE Healthcare TRI. At the end of September 2026 it held 32 securities.

Fund Manager

Chirag Dagli
Fund manager of DSP Healthcare Fund, since 01-12-2020

See all funds of DSP Mutual Fund

AUM change

September 2026: ₹3,750.04 Cr; −2.22% from August 2026
August 2026: ₹3,835.28 Cr; +5.39% from July 2026
July 2026: ₹3,639.29 Cr; +3.56% from June 2026

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

Compare DSP Healthcare Fund with Other Funds

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

DSP Healthcare vs Nippon India Pharma41.5% overlap
DSP Healthcare vs Bandhan Transportation and LogisticsSectoral
DSP Healthcare vs Nippon India Power & InfraSectoral
DSP Healthcare vs Invesco India Financial ServicesSectoral
DSP Healthcare vs Aditya Birla Sun Life Pharma and Healthcare41.7% overlap
DSP Healthcare vs ICICI Prudential Healthcare39.9% overlap
DSP Healthcare vs UTI - Healthcare39.0% overlap
DSP Healthcare vs HDFC Pharma and Healthcare35.1% overlap

Compare with any other fund

Frequently Asked Questions for DSP Healthcare Fund

What is the current NAV of DSP Healthcare Fund?

The Direct plan NAV is ₹50.237. The Regular plan NAV is ₹44.755, as on 29-10-2026.

What are the returns of DSP Healthcare Fund?

The Direct plan returned +15.40% in 1 year, +21.77% a year over 3 years, +16.26% a year over 5 years. The Regular plan returned +13.90% in 1 year, +20.16% a year over 3 years, +14.71% a year over 5 years. These figures are as on 29-10-2026.

What is the expense ratio of DSP Healthcare Fund?

The Direct plan charges 0.76% a year. The Regular plan charges 2.06% a year. This is the figure the fund house reported to AMFI, in force from 21-10-2026.

What is the AUM of DSP Healthcare Fund?

DSP Healthcare Fund managed ₹3,750.04 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of DSP Healthcare Fund?

At the end of September 2026 the largest holdings were IPCALAB (8.13%), SUNPHARMA (7.44%), CIPLA (7.18%), SAILIFE (6.52%), GLAND (6.15%). The fund held 32 securities in all.

What did DSP Healthcare Fund buy and sell in September 2026?

It bought 1 new stock: Abbott India Limited. It added shares in 2. It reduced 3.

How do I invest in DSP Healthcare 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 Healthcare Fund?

Chirag Dagli (since 01-12-2020).

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.