DSP Midcap Fund is a Mid Cap fund run by DSP Mutual Fund. On 30-09-2026, it managed ₹19,488 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 12.6% a year and its Regular plan returned 11.6% a year. Its benchmark, Nifty Midcap 150 TRI, returned 13.8% a year over the same 3 years.
NAV (Direct plan)
₹160.02
▼ 0.69% · 30-10-2026
NAV (Regular plan)
₹142.21
▼ 0.70% · 30-10-2026
Expense ratio
0.85%Direct1.74%Regular
0.85%
A year
Riskometer
Very High
Set by the fund house
3 year return
12.6%Direct11.6%Regular
12.6%
A year
DSP Midcap Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹160.02 (down 0.69% that day); Regular Plan Growth ₹142.21 (down 0.70% that day).
This fund (Direct plan)
₹160.022
DSP Midcap Fund Returns vs Nifty Midcap 150 TRI
Returns as on 30-10-2026. 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)
−3.32%
−7.62%
−3.16%
−4.38%
+12.62%
+9.98%
+12.99%
This fund (Regular)
−3.39%
−7.83%
−3.60%
−5.26%
+11.57%
+8.94%
+11.94%
Nifty Midcap 150 TRI
−3.69%
−8.46%
−3.95%
−4.37%
+13.82%
+13.84%
+15.65%
Mid Cap average
−3.36%
−6.03%
−0.14%
−2.17%
+14.75%
+12.95%
+14.07%
Best in Mid Cap
−0.88%
−2.09%
+6.81%
+9.56%
+21.77%
+17.38%
+18.35%
Worst in Mid Cap
−5.08%
−10.11%
−5.44%
−14.14%
+8.47%
+9.04%
+7.45%
Rank in Mid Cap
18/34
26/33
28/33
23/31
22/29
20/22
13/17
Category rows compare the Direct plans of 34 Mid Cap funds. Rank 1 is the highest return.
DSP Midcap Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
Nifty Midcap 150 TRI
2026to date
−3.90%
−4.63%
−4.97%
2025
+2.68%
+1.71%
+5.98%
2024
+23.60%
+22.45%
+24.46%
2023
+39.75%
+38.44%
+44.61%
2022
−3.97%
−4.93%
+3.91%
2021
+29.58%
+28.32%
+48.16%
DSP Midcap 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 2,668 periods, one for each trading day from 04-01-2016 to 30-10-2026.
−10%0%10%20%30%40%50%
DSP Midcap Fund (Direct)
Nifty Midcap 150 TRI
Nov 2013 to Nov 2016Sept 2015 to Sept 2018Jul 2017 to Jul 2020May 2019 to May 2022Mar 2021 to Mar 2024Dec 2022 to Dec 2025
DSP Midcap Fund (Direct)Nifty Midcap 150 TRI
2%
5%
Below 0%
3%
7%
0-5%
8%
6%
5-10%
17%
10%
10-15%
34%
11%
15-20%
24%
29%
20-25%
12%
31%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
3,156
15.3%
−22.0%
102.6%
20%
13.0%
32%
2 years
2,914
19.6%
−12.0%
62.7%
4%
18.8%
25%
3 years
2,668
18.5%
−4.1%
44.3%
2%
22.1%
31%
5 years
2,173
16.8%
4.0%
31.5%
0%
19.3%
2%
7 years
1,684
16.2%
12.4%
23.6%
0%
19.6%
0%
10 years
941
16.9%
12.8%
22.6%
0%
18.0%
0%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
154
16.0%
−35.6%
119.6%
19%
14.1%
38%
2 years
142
16.8%
−18.7%
64.7%
8%
14.2%
28%
3 years
130
18.6%
−12.6%
33.1%
3%
21.7%
26%
5 years
106
15.5%
−1.7%
28.5%
1%
22.0%
0%
7 years
82
16.5%
6.8%
23.1%
0%
23.2%
0%
10 years
46
16.6%
13.8%
19.9%
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 benchmark" counts the periods in which the fund did better than Nifty Midcap 150 TRI over the same days. Past returns do not promise future returns.
DSP Midcap Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
DSP Midcap Fund (Direct)This fund
Nifty Midcap 150 TRI
Return (CAGR)
−4.38%
−4.37%
Standard deviation
15.68%
16.59%
Sharpe ratio
-0.61
-0.58
Sortino ratio
-0.84
-0.78
Maximum drawdown
−12.5%
(23-03-2026)
−13.9%
(30-03-2026)
Beta
0.92
1.00
Alpha
−0.76%
0.00%
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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
DSP Midcap Fund (Direct)This fund
Nifty Midcap 150 TRI
Return (CAGR)
+12.62%
+13.82%
Standard deviation
15.64%
17.08%
Sharpe ratio
0.42
0.46
Sortino ratio
0.57
0.61
Maximum drawdown
−21.2%
(28-02-2025)
−20.9%
(28-02-2025)
Beta
0.89
1.00
Alpha
−0.31%
0.00%
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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
DSP Midcap Fund (Direct)This fund
Nifty Midcap 150 TRI
Return (CAGR)
+9.98%
+13.84%
Standard deviation
15.03%
16.72%
Sharpe ratio
0.28
0.48
Sortino ratio
0.37
0.64
Maximum drawdown
−21.5%
(20-06-2022)
−20.9%
(28-02-2025)
Beta
0.87
1.00
Alpha
−2.79%
0.00%
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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
DSP Midcap Fund (Direct)This fund
Nifty Midcap 150 TRI
Return (CAGR)
+12.99%
+15.65%
Standard deviation
15.59%
17.54%
Sharpe ratio
0.49
0.58
Sortino ratio
0.64
0.77
Maximum drawdown
−32.7%
(23-03-2020)
−43.1%
(23-03-2020)
Beta
0.85
1.00
Alpha
−1.17%
0.00%
From daily NAVs, 28-10-2016 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
DSP Midcap Fund (Direct)This fund
Nifty Midcap 150 TRI
Return (CAGR)
+16.01%
+17.35%
Standard deviation
15.94%
17.31%
Sharpe ratio
0.62
0.69
Sortino ratio
0.84
0.91
Maximum drawdown
−32.7%
(23-03-2020)
−43.1%
(23-03-2020)
From daily NAVs, 02-01-2013 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.
−50%−40%−30%−20%−10%0%
DSP Midcap Fund (Direct)
Nifty Midcap 150 TRI
2014201620182020202220242026
DSP Midcap Fund (Direct)Nifty Midcap 150 TRI
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
DSP Midcap Fund (Direct)
−32.7%
20-02-2020
23-03-2020
25-08-2020
5 months
−10.4%
Nifty Midcap 150 TRI
−43.1%
08-01-2018
23-03-2020
23-11-2020
8 months
−10.5%
From the Direct plan's daily NAV since 02-01-2013, adjusted for unit splits, and Nifty Midcap 150 TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
DSP Midcap Fund vs Other Mid Cap Funds
The five Mid Cap funds with the best three year return, and this fund. Direct plans.
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 Midcap 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
Mid Cap median
Cost rank (1 = cheapest)
Direct
0.66%
0.02%
0.00%
0.17%
0.85%
0.95%
11/34
Regular
1.42%
0.02%
0.00%
0.30%
1.74%
2.02%
5/34
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 Mid Cap 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
−5.26%
−4.38%
0.88%
₹94,740
₹95,620
3 years
11.57%
12.62%
1.05% a year
₹1,38,881
₹1,42,839
5 years
8.94%
9.98%
1.04% a year
₹1,53,439
₹1,60,905
10 years
11.94%
12.99%
1.05% a year
₹3,08,925
₹3,39,156
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 Midcap 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 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planDSP Midcap Fund (Direct)
₹16,60,000
₹51,81,456
₹35,21,456
15.2%
Regular planDSP Midcap Fund (Regular)
₹16,60,000
₹47,61,500
₹31,01,500
14.1%
Category averageCategory average, 34 Mid Cap funds
₹16,60,000
₹59,73,885
₹43,13,885
17.0%
₹0₹20.0 L₹40.0 L₹60.0 L₹80.0 L
Direct planDSP Midcap Fund (Direct)
Regular planDSP Midcap Fund (Regular)
Category averageCategory average, 34 Mid Cap funds
Amount invested
2014201620182020202220242026
Direct planDSP Midcap Fund (Direct)Regular planDSP Midcap Fund (Regular)Category averageCategory average, 34 Mid Cap 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 Midcap Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
95.4%Equity
Asset
Fund
Category
Equity
95.4%
95.4%
Cash and others
4.6%
4.0%
Market cap of stocks
Market cap
Fund
Category
Large Cap
16.5%
11.8%
Mid Cap
67.5%
66.9%
Small Cap
11.4%
15.1%
Share of the whole fund. Category: the average of the Mid Cap 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 Midcap Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Auto Components11.2%
Industrial Products8.7%
Banks7.5%
IT - Software6.5%
Finance5.9%
Capital Markets5.2%
Pharmaceuticals & Biotechnology5.0%
Realty4.6%
Healthcare Services4.2%
Retailing4.1%
The ten largest of 27 sectors. The other 17 add up to 32.6%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Auto Components
10.6%
10.6%
11.2%
+0.6%
Industrial Products
8.3%
8.5%
8.7%
+0.4%
Banks
7.7%
7.6%
7.5%
−0.2%
IT - Software
6.6%
7.0%
6.5%
−0.1%
Finance
8.4%
7.4%
5.9%
−2.5%
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 Midcap Fund Portfolio Holdings
As on 30-09-2026 · 64 holdings · from the fund house's monthly portfolio
Holdings
Sector
Weight%
Holdings trend
1M change
Coforge Limited
IT - Software
4.07%
−4.2%
Multi Commodity Exchange Of India Limited
Capital Markets
3.31%
0.0%
IPCA Laboratories Limited
Pharmaceuticals & Biotechnology
2.84%
0.0%
Phoenix Mills Limited
Realty
2.73%
0.0%
Federal Bank Limited
Banks
2.56%
0.0%
Fortis Healthcare Limited
Healthcare Services
2.53%
−1.1%
Bharat Forge Limited
Auto Components
2.51%
+5.2%
Max Financial Services Limited
Insurance
2.48%
0.0%
Cholamandalam Investment and Finance Co Limited
Finance
2.44%
0.0%
APL Apollo Tubes Limited
Industrial Products
2.34%
0.0%
Coromandel International Limited
Fertilizers & Agrochemicals
2.29%
0.0%
Supreme Industries Limited
Industrial Products
2.18%
0.0%
Jindal Steel Limited
Ferrous Metals
2.17%
0.0%
Schaeffler India Limited
Auto Components
2.10%
0.0%
Bharti Airtel Limited
Telecom - Services
2.03%
0.0%
Kirloskar Oil Engines Limited
Industrial Products
2.02%
0.0%
Voltas Limited
Consumer Durables
2.00%
0.0%
Eternal Limited
Retailing
1.95%
−3.4%
ICICI Bank Limited
Banks
1.91%
0.0%
J.K. Cement Limited
Cement & Cement Products
1.87%
0.0%
Nippon Life India Asset Management Limited
Capital Markets
1.87%
0.0%
Dixon Technologies (India) Limited
Consumer Durables
1.86%
0.0%
Alkem Laboratories Limited
Pharmaceuticals & Biotechnology
1.71%
0.0%
AU Small Finance Bank Limited
Banks
1.71%
0.0%
KEI Industries Limited
Industrial Products
1.67%
0.0%
Uno Minda Limited
Auto Components
1.66%
0.0%
Mphasis Limited
IT - Software
1.61%
0.0%
Tube Investments of India Limited
Auto Components
1.57%
0.0%
L&T Finance Limited
Finance
1.55%
0.0%
Page Industries Limited
Textiles & Apparels
1.53%
0.0%
Samvardhana Motherson International Limited
Auto Components
1.50%
0.0%
Indus Towers Limited
Telecom - Services
1.39%
0.0%
Apar Industries Limited
Electrical Equipment
1.36%
0.0%
Aster DM Quality Care Limited
Healthcare Services
1.34%
+12.8%
Vishal Mega Mart Limited
Retailing
1.33%
+7.2%
Bank of India
Banks
1.30%
0.0%
Apollo Tyres Limited
Auto Components
1.28%
0.0%
Techno Electric & Engineering Co Limited
Construction
1.27%
0.0%
Hindustan Petroleum Corporation Limited
Petroleum Products
1.26%
0.0%
SRF Limited
Chemicals & Petrochemicals
1.14%
0.0%
Oil India Limited
Oil
1.13%
−11.8%
Ge Vernova T&D India Limited
Electrical Equipment
1.04%
0.0%
PB Fintech Limited
Financial Technology (Fintech)
1.02%
0.0%
Oberoi Realty Limited
Realty
0.98%
+68.8%
Shriram Finance Limited
Finance
0.97%
0.0%
Jubilant Ingrevia Limited
Chemicals & Petrochemicals
0.97%
0.0%
Atul Limited
Chemicals & Petrochemicals
0.94%
−3.4%
Cholamandalam Financial Holdings Limited
Finance
0.94%
0.0%
Mahindra & Mahindra Limited
Automobiles
0.91%
0.0%
Godrej Properties Limited
Realty
0.90%
+12.7%
KPIT Technologies Limited
IT - Software
0.80%
0.0%
PI Industries Limited
Fertilizers & Agrochemicals
0.79%
0.0%
Lenskart Solutions Limited
Retailing
0.79%
0.0%
Dhanuka Agritech Limited
Fertilizers & Agrochemicals
0.77%
0.0%
Cyient Limited
IT - Services
0.74%
0.0%
Hitachi Energy India Limited
Electrical Equipment
0.72%
0.0%
Westlife Foodworld Limited
Leisure Services
0.56%
0.0%
Sona Blw Precision Forgings Limited
Auto Components
0.53%
New
Polycab India Limited
Industrial Products
0.49%
0.0%
Gland Pharma Limited
Pharmaceuticals & Biotechnology
0.42%
New
Emami Limited
Personal Products
0.35%
−19.1%
Syngene International Limited
Healthcare Services
0.30%
0.0%
LG Electronics India Limited
Consumer Durables
0.04%
0.0%
Alembic Pharmaceuticals Limited
Pharmaceuticals & Biotechnology
0.03%
−86.0%
DSP Midcap Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
Coforge Limited
↓Reduced
−4.2%
4.07%
Fortis Healthcare Limited
↓Reduced
−1.1%
2.53%
Bharat Forge Limited
↑Added
+5.2%
2.51%
Eternal Limited
↓Reduced
−3.4%
1.95%
Aster DM Quality Care Limited
↑Added
+12.8%
1.34%
Vishal Mega Mart Limited
↑Added
+7.2%
1.33%
Oil India Limited
↓Reduced
−11.8%
1.13%
Oberoi Realty Limited
↑Added
+68.8%
0.98%
Atul Limited
↓Reduced
−3.4%
0.94%
Godrej Properties Limited
↑Added
+12.7%
0.90%
Power Finance Corporation Limited
↓Sold out
−100%
was 0.67%
Sona Blw Precision Forgings Limited
↑New
New
0.53%
Gland Pharma Limited
↑New
New
0.42%
HDB Financial Services Limited
↓Sold out
−100%
was 0.42%
Emami Limited
↓Reduced
−19.1%
0.35%
Alembic Pharmaceuticals Limited
↓Reduced
−86.0%
0.03%
No stocks in this group for September 2026.
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.
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 Midcap Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.85%
Expense ratio (Regular)
1.74%
Category
Mid Cap
Risk
Very High
Benchmark
Nifty Midcap 150 TRI
Launch date
14-11-2006
Minimum investment
₹100
Minimum additional investment
₹100
AUM
₹19,487.69 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
119071
ISIN (Direct)
INF740K01PX1
Scheme code (Regular)
104481
ISIN (Regular)
INF740K01128
NAV history
From 02-01-2013, 13.8 years
Exit load
Exit load of 1% if redeemed less than 12 months
Tax on DSP Midcap Fund returns
DSP Midcap 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
₹160.022
30-10-2026
direct
IDCW
₹63.902
30-10-2026
regular
Growth
₹142.209
30-10-2026
regular
IDCW
₹27.087
30-10-2026
About DSP Midcap Fund
DSP Midcap Fund is a mutual fund from DSP Mutual Fund. Its category is Mid Cap. It was launched on 14-11-2006. Its benchmark is Nifty Midcap 150 TRI. At the end of September 2026 it held 64 securities.
The Direct plan NAV is ₹160.022. The Regular plan NAV is ₹142.209, as on 30-10-2026.
What are the returns of DSP Midcap Fund?
The Direct plan returned −4.38% in 1 year, +12.62% a year over 3 years, +9.98% a year over 5 years. The Regular plan returned −5.26% in 1 year, +11.57% a year over 3 years, +8.94% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of DSP Midcap Fund?
The Direct plan charges 0.85% a year. The Regular plan charges 1.74% a year. This is the figure the fund house reported to AMFI, in force from 21-10-2026.
What is the AUM of DSP Midcap Fund?
DSP Midcap Fund managed ₹19,487.69 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of DSP Midcap Fund?
At the end of September 2026 the largest holdings were COFORGE (4.07%), MCX (3.31%), IPCALAB (2.84%), PHOENIXLTD (2.73%), FEDERALBNK (2.56%). The fund held 64 securities in all.
What did DSP Midcap Fund buy and sell in September 2026?
It bought 2 new stocks: Gland Pharma Limited, Sona Blw Precision Forgings Limited. It sold out of 2: Power Finance Corporation Limited, HDB Financial Services Limited. It added shares in 5. It reduced 7.
How do I invest in DSP Midcap 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.
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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