DSP Multi Asset Allocation Fund

Multi AssetDirect and Regular plans, Growth and IDCW options

Data as on 29-10-2026

DSP Multi Asset Allocation Fund is a Multi Asset fund run by DSP Mutual Fund. On 30-09-2026, it managed ₹10,820 Cr of investors' money. In the 3 years to 29-10-2026, its Direct plan returned 17.3% a year and its Regular plan returned 15.8% a year.

NAV (Direct plan): ₹16.05; ▲ 0.32%29-10-2026
NAV (Regular plan): ₹15.43; ▲ 0.31%29-10-2026
Expense ratio: 0.62%Direct1.58%Regular; 0.62%; A year
Riskometer: High; Set by the fund house
3 year return: 17.3%Direct15.8%Regular; 17.3%; A year

DSP Multi Asset Allocation Fund NAV Today

NAV on 29-10-2026: Direct Plan Growth ₹16.05 (up 0.32% that day); Regular Plan Growth ₹15.43 (up 0.31% that day).

This fund (Direct plan)

₹16.0507

DSP Multi Asset Allocation Fund Returns vs Multi Asset Funds

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)	−1.39%	−3.78%	−2.49%	+4.15%	+17.30%	--	--
This fund (Regular)	−1.47%	−4.01%	−2.98%	+3.04%	+15.82%	--	--
Multi Asset average	−1.71%	−3.33%	−1.78%	+2.00%	+14.20%	--	--
Best in Multi Asset	+0.22%	+1.02%	+3.21%	+8.36%	+21.56%	--	--
Worst in Multi Asset	−3.85%	−5.28%	−5.92%	−3.66%	+7.53%	--	--
Rank in Multi Asset	17/37	23/36	25/34	10/31	3/15	--	--

Category rows compare the Direct plans of 37 Multi Asset funds. Rank 1 is the highest return. This fund's benchmark is 40% NIFTY500 TRI + 20% NIFTY Composite Debt Index + 15% Domestic Price of Physical Gold (LBMA) + 5% iCOMDEX Composite In. Returns of that index are not available to us, so the category average is the comparison.

DSP Multi Asset Allocation Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+0.30%	−0.56%
2025	+24.73%	+23.15%
2024	+18.12%	+16.45%

DSP Multi Asset Allocation 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 21 periods, one for each trading day from 29-09-2026 to 29-10-2026.

0%5%10%15%20%

Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026

DSP Multi Asset Allocation Fund (Direct)Category average, 37 Multi Asset funds

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	485	18.3%	4.0%	34.5%	0%	13.0%	100%
2 years	259	18.8%	10.3%	24.9%	0%	13.4%	100%
3 years	21	17.3%	16.7%	17.9%	0%	14.7%	100%

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	26	15.9%	0.1%	32.3%	0%	11.8%	92%

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 37 Multi Asset funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.

DSP Multi Asset Allocation Fund Risk

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

Risk and return

Measure	DSP Multi Asset Allocation Fund (Direct)This fund	Category average
Return (CAGR)	+4.15%	+2.25%
Standard deviation	10.58%	10.59%
Sharpe ratio	-0.10	-0.28
Sortino ratio	-0.14	-0.38
Maximum drawdown	−9.7% (23-03-2026)	−10.3% (23-03-2026)

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.

Measure	DSP Multi Asset Allocation Fund (Direct)This fund	Category average
Return (CAGR)	+17.30%	+14.48%
Standard deviation	8.55%	8.81%
Sharpe ratio	1.32	0.96
Sortino ratio	1.84	1.30
Maximum drawdown	−9.7% (23-03-2026)	−10.3% (23-03-2026)

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.

Measure	DSP Multi Asset Allocation Fund (Direct)This fund	Category average
Return (CAGR)	+16.60%	+13.86%
Standard deviation	8.47%	8.75%
Sharpe ratio	1.25	0.89
Sortino ratio	1.73	1.21
Maximum drawdown	−9.7% (23-03-2026)	−10.3% (23-03-2026)

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.

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.

−12%−10%−8%−6%−4%−2%0%

202420252026

DSP Multi Asset Allocation Fund (Direct)Category average, 37 Multi Asset funds

	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%
Category average	−10.3%	29-01-2026	23-03-2026	21-08-2026	5 months	−6.1%

From the Direct plan's daily NAV since 29-09-2023, adjusted for unit splits, and the average of the 37 Multi Asset 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 Multi Asset Allocation Fund vs Other Multi Asset Funds

The five Multi Asset 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
Quant Multi Asset Allocation Fund	1/15	6,608	1.13%	+8.36%	+21.56%	--	--	1.37	1.95	Compare
Nippon India Multi Asset Allocation Fund	2/15	18,044	0.48%	+3.05%	+17.96%	--	--	1.19	1.63	Compare
DSP Multi Asset Allocation Fund	3/15	10,820	0.62%	+4.15%	+17.30%	--	--	1.32	1.84
Kotak Multi Asset Allocation Fund	4/15	15,236	0.63%	+4.34%	+16.23%	--	--	0.83	1.11	Compare
WhiteOak Capital Multi Asset Allocation Fund	5/15	9,111	0.65%	+6.03%	+16.11%	--	--	1.76	2.50	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 Multi Asset Allocation Fund Expense Ratio and Costs

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

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Multi Asset median	Cost rank (1 = cheapest)
Direct	0.37%	0.05%	0.01%	0.19%	0.62%	0.85%	6/37
Regular	1.18%	0.05%	0.01%	0.34%	1.58%	2.15%	5/37

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 Multi Asset 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	3.04%	4.15%	1.11%	₹1,03,040	₹1,04,150
3 years	15.82%	17.30%	1.48% a year	₹1,55,364	₹1,61,396

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 Multi Asset Allocation 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 29-09-2023 to 29-10-2026: 38 instalments, ₹3,80,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planDSP Multi Asset Allocation Fund (Direct)	₹3,80,000	₹4,60,418	₹80,418	12.3%
Regular planDSP Multi Asset Allocation Fund (Regular)	₹3,80,000	₹4,50,801	₹70,801	10.9%
Category averageCategory average, 37 Multi Asset funds	₹3,80,000	₹4,38,048	₹58,048	9.0%

₹0₹1.0 L₹2.0 L₹3.0 L₹4.0 L₹5.0 L

202420252026

Direct planDSP Multi Asset Allocation Fund (Direct)Regular planDSP Multi Asset Allocation Fund (Regular)Category averageCategory average, 37 Multi Asset 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 Multi Asset Allocation Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

49.5%Equity

Asset	Fund	Category
Equity	49.5%	58.2%
Cash and others	36.8%	25.6%
Debt	13.7%	16.2%

Market cap of stocks

Market cap	Fund	Category
Large Cap	28.7%	35.1%
Mid Cap	4.4%	11.8%
Small Cap	4.1%	9.3%
Foreign stocks	11.9%	0.8%
Not on AMFI's list	0.5%	1.1%

Share of the whole fund. Category: the average of the Multi Asset 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 37 Multi Asset funds.

Rating	Fund	Category
Sovereign	10.7%	5.3%
AAA and A1+	2.0%	8.2%
AA	0.9%	2.4%

DSP Multi Asset Allocation Fund Sector Allocation

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

Largest sectors

Banks10.8%
Foreign Security2.8%
Petroleum Products2.8%
Consumer Durables2.5%
Automobiles2.4%
IT - Hardware2.4%
Capital Markets2.4%
Telecom - Services2.2%
Auto Components2.1%
Insurance2.0%

The ten largest of 31 sectors. The other 21 add up to 17.2%.

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Banks	11.3%	11.3%	10.8%	−0.4%
Foreign Security	2.9%	2.8%	2.8%	−0.1%
Petroleum Products	2.8%	2.8%	2.8%	0.0%
Consumer Durables	1.9%	2.5%	2.5%	+0.6%
Automobiles	2.2%	2.3%	2.4%	+0.2%

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 Multi Asset Allocation Fund Portfolio Holdings

As on 30-09-2026 · 107 holdings · from the fund house's monthly portfolio

Holdings	Sector / Rating	Weight%	1M change
DSP Gold ETF	Mutual Funds	11.65%
DSP Nifty 50 Equal Wieght ETF	Mutual Funds	5.38%
6.90% GOI 15042065 · Government security	Sovereign	4.08%
HDFC Bank Limited	Banks	3.54%	0.0%
Axis Bank Limited	Banks	2.98%	0.0%
ICICI Bank Limited	Banks	2.79%	0.0%
6.94% GOI 11052036 · Government security	Sovereign	2.10%
Bharti Airtel Limited	Telecom - Services	2.02%	+10.5%
Nvidia Corp	IT - Hardware	1.62%	+15.2%
Reliance Industries Limited	Petroleum Products	1.49%	0.0%
Embassy Office Parks REIT	Realty	1.42%
State Bank of India	Banks	1.33%	0.0%
Larsen & Toubro Limited	Construction	1.31%	+17.0%
Hindustan Zinc Limited	Non - Ferrous Metals	1.01%	+207.4%
Samvardhana Motherson International Limited	Auto Components	1.01%	0.0%
NTPC Limited	Power	0.96%	0.0%
SBI Life Insurance Co Limited	Insurance	0.95%	+7.2%
Knowledge Realty Trust	Realty	0.93%
Sony Group Corp	Consumer Durables	0.93%	0.0%
Power Grid Corporation of India Limited	Power	0.90%	0.0%
Maruti Suzuki India Limited	Automobiles	0.89%	+11.8%
Mahindra & Mahindra Limited	Automobiles	0.87%	+12.2%
7.71% GOI 18052066 · Government security	Sovereign	0.86%
iShares Global Industrials ETF	Foreign Security	0.86%	0.0%
The Communication Services Select Sector SPDR Fund	Foreign Security	0.86%	0.0%
Ultratech Cement Limited	Cement & Cement Products	0.80%	+6.6%
Life Insurance Corporation Of India	Insurance	0.78%	0.0%
Oberoi Realty Limited	Realty	0.77%	0.0%
Tata Motors Limited	Agricultural, Commercial & Construction Vehicles	0.77%	+14.2%
SK Hynix Inc	IT - Hardware	0.74%	0.0%
Alibaba Group Holding Limited	Retailing	0.74%	0.0%
Bharti Telecom Limited · Bond	CRISIL AAA	0.72%
Page Industries Limited	Textiles & Apparels	0.72%	0.0%
Hindustan Petroleum Corporation Limited	Petroleum Products	0.71%	+7.5%
Irb Invit Fund	Transport Infrastructure	0.71%
Brookfield India Real Estate Trust	Realty	0.70%
Oil India Limited	Oil	0.70%	0.0%
Atul Limited	Chemicals & Petrochemicals	0.68%	0.0%
Bayer Cropscience Limited	Fertilizers & Agrochemicals	0.66%	0.0%
Info Edge (India) Limited	Retailing	0.65%	−27.4%
iShares S&P 500 Energy Sector UCITS ETF	Foreign Security	0.62%	0.0%
DLF Limited	Realty	0.61%	+10.2%
Samsung Electronics Limited	Consumer Durables	0.58%	0.0%
DSP Nifty PSU Bank ETF	Mutual Funds	0.56%
Bharat Petroleum Corporation Limited	Petroleum Products	0.55%	+9.7%
Angel One Limited	Capital Markets	0.55%	0.0%
L'Oreal	Personal Products	0.53%	0.0%
Schneider Electric SE	Electrical Equipment	0.51%	0.0%
7.64% Telangana SDL 01072044	Sovereign	0.50%
Sun Pharmaceutical Industries Limited	Pharmaceuticals & Biotechnology	0.50%	0.0%
National Stock Exchange Of India Limited	Capital Markets	0.50%	New
GAIL (India) Limited	Gas	0.49%	0.0%
Hero MotoCorp Limited	Automobiles	0.49%	+11.5%
Citius TransNet Investment Trust	Transport Infrastructure	0.48%
Midea Group Co Limited	Consumer Durables	0.48%	0.0%
Mindspace Business Parks REIT	Realty	0.48%
Muthoot Finance Limited · Bond	CRISIL AA+	0.48%
Amazon.com Inc	Retailing	0.48%	0.0%
Muthoot Finance Limited · Bond	CRISIL AA+	0.47%
Small Industries Development Bank Of India · Bond	CRISIL AAA	0.47%
HDFC Asset Management Co Limited	Capital Markets	0.46%	+6.8%
Kfin Technologies Limited	Capital Markets	0.46%	0.0%
iShares Global Healthcare ETF	Foreign Security	0.46%	0.0%
Contemporary Amperex Technology Co Limited	Auto Components	0.45%	0.0%
7.43% GOI 19012076 · Government security	Sovereign	0.45%
7.03% Maharashtra SDL 25062038 · State government security	Sovereign	0.44%
Microsoft Corp	IT - Software	0.44%	0.0%
Novo Nordisk	Pharmaceuticals & Biotechnology	0.43%	0.0%
Kalpataru Projects International Limited	Construction	0.42%	0.0%
7.48% Uttar Pradesh SDL 22032044 · State government security	Sovereign	0.40%
PowerGrid Infrastructure Investment Trust	Power	0.39%
Hong Kong Exchanges And Clearing Limited	Capital Markets	0.38%	0.0%
Raajmarg Infra Investment Trust	Transport Infrastructure	0.37%
CIE Automotive India Limited	Auto Components	0.36%	0.0%
Infosys Limited	IT - Software	0.33%	0.0%
7.43% Maharashtra SDL 03122040 · State government security	Sovereign	0.32%
Asian Paints Limited	Consumer Durables	0.32%	0.0%
Shree Cement Limited	Cement & Cement Products	0.32%	0.0%
Indus Infra Trust	Transport Infrastructure	0.30%
Timken India Limited	Industrial Products	0.28%	New
Netflix Inc	Entertainment	0.28%	0.0%
7.09% GOI 05082054 · Government security	Sovereign	0.26%
Apollo Tyres Limited	Auto Components	0.26%	0.0%
Advantest Corp	Electrical Equipment	0.26%	New
Power Finance Corporation Limited · Bond	CRISIL AAA	0.24%
Power Finance Corporation Limited · Bond	CRISIL AAA	0.24%
7.30% GOI 19062053 · Government security	Sovereign	0.23%
6.48% GOI 06102035 · Government security	Sovereign	0.23%
Chalet Hotels Limited	Leisure Services	0.23%	+6.0%
HDFC Life Insurance Co Limited	Insurance	0.23%	New
7.08% Haryana SDL 26032039 · State government security	Sovereign	0.22%
Indus Towers Limited	Telecom - Services	0.22%	0.0%
Power Finance Corporation Limited · Bond	CRISIL AAA	0.22%
6.76% GOI 22022061 · Government security	Sovereign	0.21%
6.95% GOI 16122061 · Government security	Sovereign	0.21%
Bank of Baroda	Banks	0.21%	0.0%
Nike Inc	Consumer Durables	0.19%	0.0%
Nuvoco Vistas Corporation Limited	Cement & Cement Products	0.17%	New
7.06% GOI 10042028 · Government security	Sovereign	0.14%
Tata Motors Passenger Vehicles Limited	Automobiles	0.14%	0.0%
HCL Technologies Limited	IT - Software	0.13%	0.0%
Jindal Steel Limited	Ferrous Metals	0.11%	0.0%
7.24% GOI 18082055 · Government security	Sovereign	0.09%
Bharti Telecom Limited · Bond	CRISIL AAA	0.07%
iShares Global Comm Services ETF	Foreign Security	0.04%	0.0%
LT Foods Limited	Agricultural Food & Other Products	0.01%	0.0%
Sony Financial Holdings Inc	Insurance	0.01%	0.0%

DSP Multi Asset Allocation Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

Bharti Airtel Limited	Added	+10.5%	2.02%
Nvidia Corp	Added	+15.2%	1.62%
Larsen & Toubro Limited	Added	+17.0%	1.31%
Hindustan Zinc Limited	Added	+207.4%	1.01%
SBI Life Insurance Co Limited	Added	+7.2%	0.95%
Info Edge (India) Limited	Reduced	−27.4%	0.65%
Maruti Suzuki India Limited	Added	+11.8%	0.89%
Mahindra & Mahindra Limited	Added	+12.2%	0.87%
Ultratech Cement Limited	Added	+6.6%	0.80%
Tata Motors Limited	Added	+14.2%	0.77%
Hindustan Petroleum Corporation Limited	Added	+7.5%	0.71%
DLF Limited	Added	+10.2%	0.61%
Bharat Petroleum Corporation Limited	Added	+9.7%	0.55%
National Stock Exchange Of India Limited	New	New	0.50%
HDFC Asset Management Co Limited	Added	+6.8%	0.46%
Hero MotoCorp Limited	Added	+11.5%	0.49%
Timken India Limited	New	New	0.28%
Advantest Corp	New	New	0.26%
Chalet Hotels Limited	Added	+6.0%	0.23%
HDFC Life Insurance Co Limited	New	New	0.23%
Nuvoco Vistas Corporation Limited	New	New	0.17%

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 Multi Asset Allocation Fund bought and sold

DSP Multi Asset Allocation Fund Portfolio Overlap

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

Fund	Overlap	Holdings in common
Bajaj Finserv Multi Asset Allocation FundMulti Asset · Bajaj Finserv	30.1%	24	Compare
ICICI Prudential Balanced Advantage FundBalanced Advantage · ICICI Prudential	29.9%	38	Compare
DSP Aggressive Hybrid FundAggressive Hybrid · DSP	29.1%	33	Compare
ICICI Prudential Aggressive Hybrid FundAggressive Hybrid · ICICI Prudential	28.2%	34	Compare
DSP Business Cycle FundThematic · DSP	28.2%	32	Compare
ICICI Prudential Dividend Yield FundDividend Yield · ICICI Prudential	27.9%	27	Compare
ICICI Prudential Large Cap FundLarge Cap · ICICI Prudential	27.5%	32	Compare
DSP Large Cap FundLarge Cap · DSP	27.1%	28	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 Multi Asset Allocation Fund Overview

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

Expense ratio (Direct): 0.62%
Expense ratio (Regular): 1.58%
Category: Multi Asset
Risk: High
Launch date: 27-09-2023
Minimum investment: ₹100
Minimum additional investment: ₹100
AUM: ₹10,819.82 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 152056
ISIN (Direct): INF740KA1TE9
Scheme code (Regular): 152053
ISIN (Regular): INF740KA1TB5
NAV history: From 29-09-2023, 3.1 years

Benchmark: 40% NIFTY500 TRI + 20% NIFTY Composite Debt Index + 15% Domestic Price of Physical Gold (LBMA) + 5% iCOMDEX Composite In
Exit load: Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 months.

Tax on DSP Multi Asset Allocation Fund returns

How the gain is taxed depends on what the fund holds. A fund with 65% or more in Indian stocks is taxed as an equity fund: 20% within 1 year, 12.5% after, on gains above ₹1.25 lakh a year.
A fund with 65% or more in debt is taxed at your slab rate. Any other fund: your slab rate within 2 years, 12.5% after.
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	₹16.0507	29-10-2026
direct	IDCW	₹15.2869	29-10-2026
regular	Growth	₹15.4293	29-10-2026
regular	IDCW	₹13.9038	29-10-2026

About DSP Multi Asset Allocation Fund

DSP Multi Asset Allocation Fund is a mutual fund from DSP Mutual Fund. Its category is Multi Asset. It was launched on 27-09-2023. Its benchmark is 40% NIFTY500 TRI + 20% NIFTY Composite Debt Index + 15% Domestic Price of Physical Gold (LBMA) + 5% iCOMDEX Composite In. At the end of September 2026 it held 107 securities.

Fund Manager

Aparna Karnik
Fund manager of DSP Multi Asset Allocation Fund, since 27-09-2023
Shantanu Godambe
Fund manager of DSP Multi Asset Allocation Fund, since 01-08-2024
Ravi Gehani
Fund manager of DSP Multi Asset Allocation Fund, since 27-09-2023

See all funds of DSP Mutual Fund

AUM change

September 2026: ₹10,819.82 Cr; −1.55% from August 2026
August 2026: ₹10,989.91 Cr; +3.75% from July 2026
July 2026: ₹10,592.40 Cr; +4.82% from June 2026

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

Compare DSP Multi Asset Allocation Fund with Other Funds

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

DSP Multi Asset Allocation vs Quant Multi Asset AllocationMulti Asset
DSP Multi Asset Allocation vs Nippon India Multi Asset AllocationMulti Asset
DSP Multi Asset Allocation vs Kotak Multi Asset AllocationMulti Asset
DSP Multi Asset Allocation vs WhiteOak Capital Multi Asset AllocationMulti Asset
DSP Multi Asset Allocation vs Bajaj Finserv Multi Asset Allocation30.1% overlap
DSP Multi Asset Allocation vs ICICI Prudential Balanced Advantage29.9% overlap
DSP Multi Asset Allocation vs DSP Aggressive Hybrid29.1% overlap
DSP Multi Asset Allocation vs ICICI Prudential Aggressive Hybrid28.2% overlap

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Frequently Asked Questions for DSP Multi Asset Allocation Fund

What is the current NAV of DSP Multi Asset Allocation Fund?

The Direct plan NAV is ₹16.0507. The Regular plan NAV is ₹15.4293, as on 29-10-2026.

What are the returns of DSP Multi Asset Allocation Fund?

The Direct plan returned +4.15% in 1 year, +17.30% a year over 3 years. The Regular plan returned +3.04% in 1 year, +15.82% a year over 3 years. These figures are as on 29-10-2026.

What is the expense ratio of DSP Multi Asset Allocation Fund?

The Direct plan charges 0.62% a year. The Regular plan charges 1.58% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.

What is the AUM of DSP Multi Asset Allocation Fund?

DSP Multi Asset Allocation Fund managed ₹10,819.82 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of DSP Multi Asset Allocation Fund?

At the end of September 2026 the largest holdings were GOLDADD (11.65%), EQUAL50ADD (5.38%), 6.90% GOI 15042065 (4.08%), HDFCBANK (3.54%), AXISBANK (2.98%). The fund held 107 securities in all.

What did DSP Multi Asset Allocation Fund buy and sell in September 2026?

It bought 5 new stocks: Nuvoco Vistas Corporation Limited, Timken India Limited, National Stock Exchange Of India Limited, HDFC Life Insurance Co Limited, Advantest Corp. It added shares in 15. It reduced 1.

How do I invest in DSP Multi Asset Allocation 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 Multi Asset Allocation Fund?

Aparna Karnik (since 27-09-2023), Shantanu Godambe (since 01-08-2024), Ravi Gehani (since 27-09-2023).

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.