DSP Multi Cap Fund

Multi CapDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

DSP Multi Cap Fund is a Multi Cap fund run by DSP Mutual Fund. On 30-09-2026, it managed ₹2,878 Cr of investors' money. In the year to 30-10-2026, its Direct plan returned −5.5% and its Regular plan returned −6.8%. Its benchmark, Nifty500 Multicap 50:25:25 TRI, returned −6.0% over the same year.

NAV (Direct plan): ₹11.89; ▼ 0.43%30-10-2026
NAV (Regular plan): ₹11.42; ▼ 0.44%30-10-2026
Expense ratio: 0.69%Direct2.09%Regular; 0.69%; A year
Riskometer: Very High; Set by the fund house
1 year return: −5.5%Direct−6.8%Regular; −5.5%; Total

DSP Multi Cap Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹11.89 (down 0.43% that day); Regular Plan Growth ₹11.42 (down 0.44% that day).

This fund (Direct plan)

₹11.892

DSP Multi Cap Fund Returns vs Nifty500 Multicap 50:25:25 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)	−3.29%	−6.10%	−0.91%	−5.51%	--	--	--
This fund (Regular)	−3.39%	−6.43%	−1.59%	−6.84%	--	--	--
Nifty500 Multicap 50:25:25 TRI	−1.85%	−6.19%	−2.20%	−6.04%	+11.26%	+10.51%	--
Multi Cap average	−2.65%	−3.95%	+1.99%	−1.14%	--	--	--
Best in Multi Cap	−1.18%	+3.90%	+17.42%	+10.28%	--	--	--
Worst in Multi Cap	−5.15%	−8.29%	−5.16%	−9.57%	--	--	--
Rank in Multi Cap	25/33	26/32	24/32	27/32	--	--	--

Category rows compare the Direct plans of 33 Multi Cap funds. Rank 1 is the highest return.

DSP Multi Cap Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	Nifty500 Multicap 50:25:25 TRI
2026to date	−4.74%	−5.85%	−5.56%
2025	+1.78%	+0.31%	+5.29%

DSP Multi Cap 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 1-year holding period, plotted on the day it ended. There are 429 periods, one for each trading day from 31-01-2025 to 30-10-2026.

−10%−5%0%5%10%15%20%

Mar 2024
to
Mar 2025Jul 2024
to
Jul 2025Oct 2024
to
Oct 2025Feb 2025
to
Feb 2026May 2025
to
May 2026Sept 2025
to
Sept 2026

DSP Multi Cap Fund (Direct)Nifty500 Multicap 50:25:25 TRI

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	429	3.2%	−7.1%	16.1%	24%	3.7%	47%
2 years	183	3.4%	−3.1%	10.9%	18%	3.1%	66%

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	22	5.2%	−20.7%	17.4%	36%	3.7%	41%

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 Nifty500 Multicap 50:25:25 TRI over the same days. Past returns do not promise future returns.

DSP Multi Cap Fund Risk

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

Risk and return

Measure	DSP Multi Cap Fund (Direct)This fund	Nifty500 Multicap 50:25:25 TRI
Return (CAGR)	−5.51%	−6.04%
Standard deviation	14.43%	15.02%
Sharpe ratio	-0.75	-0.75
Sortino ratio	-1.01	-1.00
Maximum drawdown	−15.1% (30-03-2026)	−14.6% (30-03-2026)
Beta	0.93	1.00
Alpha	−0.30%	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 Multi Cap Fund (Direct)This fund	Nifty500 Multicap 50:25:25 TRI
Return (CAGR)	+6.44%	+5.17%
Standard deviation	14.47%	15.35%
Sharpe ratio	0.03	-0.05
Sortino ratio	0.05	-0.07
Maximum drawdown	−21.3% (03-03-2025)	−19.8% (03-03-2025)
Beta	0.89	1.00
Alpha	+1.19%	0.00%

From daily NAVs, 31-01-2024 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.

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%

20252026

DSP Multi Cap Fund (Direct)Nifty500 Multicap 50:25:25 TRI

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
DSP Multi Cap Fund (Direct)	−21.3%	16-10-2024	03-03-2025	Not yet	--	−9.1%
Nifty500 Multicap 50:25:25 TRI	−19.8%	26-09-2024	03-03-2025	03-08-2026	17 months	−8.0%

From the Direct plan's daily NAV since 31-01-2024, adjusted for unit splits, and Nifty500 Multicap 50:25:25 TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

DSP Multi Cap Fund vs Other Multi Cap Funds

The five Multi Cap 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
Axis Multicap Fund	1/23	11,972	0.93%	+3.76%	+18.70%	+7.66%	0.96	0.85	1.16	Compare
WhiteOak Capital Multi Cap Fund	2/23	4,308	0.89%	−0.45%	+17.52%	+6.61%	0.93	0.80	1.09	Compare
LIC MF Multi Cap Fund	3/23	2,187	0.79%	+1.01%	+16.94%	+5.74%	0.99	0.70	0.96	Compare
Bank of India Multi Cap Fund	4/23	1,344	1.16%	+3.52%	+16.70%	+5.34%	1.02	0.67	0.89	Compare
HSBC Multi Cap Fund	5/23	6,380	0.80%	−0.09%	+16.40%	+4.92%	1.04	0.64	0.87	Compare
DSP Multi Cap Fund	27/32	2,878	0.69%	−5.51%	--	--	--	--	--

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 Cap Fund Expense Ratio and Costs

What each plan charges a year, in force from 23-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Multi Cap median	Cost rank (1 = cheapest)
Direct	0.49%	0.03%	0.00%	0.17%	0.69%	0.96%	4/33
Regular	1.69%	0.03%	0.00%	0.37%	2.09%	2.21%	11/33

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 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	−6.84%	−5.51%	1.33%	₹93,160	₹94,490

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 Cap 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 31-01-2024 to 30-10-2026: 34 instalments, ₹3,40,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planDSP Multi Cap Fund (Direct)	₹3,40,000	₹3,44,098	₹4,098	0.8%
Regular planDSP Multi Cap Fund (Regular)	₹3,40,000	₹3,36,831	−₹3,169	−0.6%
Nifty500 Multicap 50:25:25 TRI	₹3,40,000	₹3,42,717	₹2,717	0.5%
Category averageCategory average, 33 Multi Cap funds	₹3,40,000	₹3,61,751	₹21,751	4.3%

₹0₹1.0 L₹2.0 L₹3.0 L₹4.0 L

20252026

Direct planDSP Multi Cap Fund (Direct)Regular planDSP Multi Cap Fund (Regular)Nifty500 Multicap 50:25:25 TRICategory averageCategory average, 33 Multi Cap 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 Multi Cap Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

95.9%Equity

Asset	Fund	Category
Equity	95.9%	94.9%
Cash and others	4.1%	4.5%

Market cap of stocks

Market cap	Fund	Category
Large Cap	33.6%	35.5%
Mid Cap	29.7%	27.2%
Small Cap	32.5%	29.4%

Share of the whole fund. Category: the average of the Multi 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 Multi Cap Fund Sector Allocation

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

Largest sectors

Banks15.6%
Pharmaceuticals & Biotechnology13.6%
Industrial Products10.3%
Insurance8.9%
Automobiles5.4%
Capital Markets4.6%
Chemicals & Petrochemicals4.0%
Consumer Durables3.9%
Auto Components3.1%
Retailing3.0%

The ten largest of 26 sectors. The other 16 add up to 23.7%.

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Banks	16.0%	15.5%	15.6%	−0.4%
Pharmaceuticals & Biotechnology	13.3%	12.9%	13.6%	+0.3%
Industrial Products	10.0%	10.6%	10.3%	+0.3%
Insurance	8.0%	8.5%	8.9%	+0.9%
Automobiles	5.7%	5.5%	5.4%	−0.3%

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 Cap Fund Portfolio Holdings

As on 30-09-2026 · 55 holdings · from the fund house's monthly portfolio

Holdings	Sector	Weight%	1M change
HDFC Bank Limited	Banks	6.40%	0.0%
ICICI Bank Limited	Banks	5.38%	0.0%
Axis Bank Limited	Banks	3.78%	0.0%
Max Financial Services Limited	Insurance	3.55%	+16.9%
Alkem Laboratories Limited	Pharmaceuticals & Biotechnology	3.26%	+6.8%
Info Edge (India) Limited	Retailing	2.96%	0.0%
Coforge Limited	IT - Software	2.87%	0.0%
Kirloskar Oil Engines Limited	Industrial Products	2.83%	0.0%
Mahindra & Mahindra Limited	Automobiles	2.76%	0.0%
Cipla Limited	Pharmaceuticals & Biotechnology	2.72%	0.0%
Hero MotoCorp Limited	Automobiles	2.62%	0.0%
ICICI Lombard General Insurance Co Limited	Insurance	2.43%	+0.5%
APL Apollo Tubes Limited	Industrial Products	2.43%	0.0%
Gland Pharma Limited	Pharmaceuticals & Biotechnology	2.25%	0.0%
Physicswallah Limited	Other Consumer Services	2.09%	0.0%
Coal India Limited	Consumable Fuels	2.00%	0.0%
ICICI Prudential Life Insurance Co Limited	Insurance	1.95%	+14.2%
KEI Industries Limited	Industrial Products	1.93%	0.0%
HDFC Asset Management Co Limited	Capital Markets	1.85%	0.0%
UTI Asset Management Co Limited	Capital Markets	1.75%	0.0%
IPCA Laboratories Limited	Pharmaceuticals & Biotechnology	1.67%	0.0%
Schaeffler India Limited	Auto Components	1.64%	0.0%
Bharat Petroleum Corporation Limited	Petroleum Products	1.64%	0.0%
Sai Life Sciences Limited	Pharmaceuticals & Biotechnology	1.57%	0.0%
Sudarshan Chemical Industries Limited	Chemicals & Petrochemicals	1.55%	0.0%
Cyient Limited	IT - Services	1.47%	0.0%
Tube Investments of India Limited	Auto Components	1.44%	0.0%
Polycab India Limited	Industrial Products	1.43%	0.0%
Archean Chemical Industries Limited	Chemicals & Petrochemicals	1.40%	0.0%
Indigo Paints Limited	Consumer Durables	1.32%	0.0%
Hindustan Aeronautics Limited	Aerospace & Defense	1.31%	0.0%
Syngene International Limited	Healthcare Services	1.22%	0.0%
Apollo Hospitals Enterprise Limited	Healthcare Services	1.22%	0.0%
Siemens Limited	Electrical Equipment	1.19%	0.0%
Emami Limited	Personal Products	1.17%	0.0%
Bayer Cropscience Limited	Fertilizers & Agrochemicals	1.11%	0.0%
Century Plyboards (India) Limited	Consumer Durables	1.07%	0.0%
Cohance Lifesciences Limited	Pharmaceuticals & Biotechnology	1.07%	0.0%
ITC Limited	Diversified FMCG	1.05%	0.0%
PG Electroplast Limited	Consumer Durables	1.02%	0.0%
Canara HSBC Life Insurance Co Limited	Insurance	1.01%	0.0%
Prince Pipes and Fittings Limited	Industrial Products	1.00%	0.0%
Jubilant Ingrevia Limited	Chemicals & Petrochemicals	1.00%	0.0%
Nippon Life India Asset Management Limited	Capital Markets	0.98%	0.0%
JNK India Limited	Industrial Manufacturing	0.98%	0.0%
NTPC Limited	Power	0.90%	0.0%
Dodla Dairy Limited	Food Products	0.83%	0.0%
Vardhman Textiles Limited	Textiles & Apparels	0.80%	0.0%
Gopal Snacks Limited	Food Products	0.79%	0.0%
Indoco Remedies Limited	Pharmaceuticals & Biotechnology	0.69%	0.0%
IFGL Refractories Limited	Industrial Products	0.66%	0.0%
Seshaasai Technologies Limited	Financial Technology (Fintech)	0.61%	−4.6%
IFB Industries Limited	Consumer Durables	0.48%	−11.8%
R Systems International Limited	IT - Services	0.42%	0.0%
Alembic Pharmaceuticals Limited	Pharmaceuticals & Biotechnology	0.37%	0.0%

DSP Multi Cap Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

Max Financial Services Limited	Added	+16.9%	3.55%
Alkem Laboratories Limited	Added	+6.8%	3.26%
ICICI Lombard General Insurance Co Limited	Added	+0.5%	2.43%
ICICI Prudential Life Insurance Co Limited	Added	+14.2%	1.95%
Hexaware Technologies Limited	Sold out	−100%	was 0.91%
Tenneco Clean Air India Limited	Sold out	−100%	was 0.69%
Seshaasai Technologies Limited	Reduced	−4.6%	0.61%
IFB Industries Limited	Reduced	−11.8%	0.48%
Nuvama Wealth Management Limited	Sold out	−100%	was 0.39%
Crompton Greaves Consumer Electricals Limited	Sold out	−100%	was 0.16%

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 Cap Fund bought and sold

DSP Multi Cap Fund Portfolio Overlap

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

Fund	Overlap	Holdings in common
DSP Flexi Cap FundFlexi Cap · DSP	42.1%	25	Compare
DSP Large & Mid Cap FundLarge & Mid Cap · DSP	37.0%	20	Compare
DSP Aggressive Hybrid FundAggressive Hybrid · DSP	35.8%	21	Compare
DSP Focused FundFocused · DSP	34.1%	13	Compare
DSP ELSS Tax Saver FundELSS · DSP	32.9%	17	Compare
DSP Value FundValue and Contra · DSP	32.7%	18	Compare
Nippon India Retirement Fund- Wealth Creation SchemeSolution · Nippon India	29.3%	13	Compare
DSP Business Cycle FundThematic · DSP	29.3%	18	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 Cap Fund Overview

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

Expense ratio (Direct): 0.69%
Expense ratio (Regular): 2.09%
Category: Multi Cap
Risk: Very High
Launch date: 30-01-2024
Minimum investment: ₹100
Minimum additional investment: ₹100
AUM: ₹2,878.27 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 152310
ISIN (Direct): INF740KA1UC1
Scheme code (Regular): 152307
ISIN (Regular): INF740KA1TZ4
NAV history: From 31-01-2024, 2.7 years

Benchmark: NIFTY 500 Multicap 50:25:25 Total Return Index
Exit load: Exit load of 1%, if redeemed within 12 months.

Tax on DSP Multi Cap Fund returns

DSP Multi Cap 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	₹11.892	30-10-2026
direct	IDCW	₹10.905	30-10-2026
regular	Growth	₹11.421	30-10-2026
regular	IDCW	₹10.541	30-10-2026

About DSP Multi Cap Fund

DSP Multi Cap Fund is a mutual fund from DSP Mutual Fund. Its category is Multi Cap. It was launched on 30-01-2024. Its benchmark is NIFTY 500 Multicap 50:25:25 Total Return Index. At the end of September 2026 it held 55 securities.

Fund Manager

Chirag Dagli
Fund manager of DSP Multi Cap Fund, since 30-01-2024

See all funds of DSP Mutual Fund

AUM change

September 2026: ₹2,878.27 Cr; −4.85% from August 2026
August 2026: ₹3,024.92 Cr; +0.90% from July 2026
July 2026: ₹2,997.86 Cr; +2.49% from June 2026

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

Compare DSP Multi Cap Fund with Other Funds

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

DSP Multi Cap vs Axis MulticapMulti Cap
DSP Multi Cap vs WhiteOak Capital Multi CapMulti Cap
DSP Multi Cap vs LIC MF Multi CapMulti Cap
DSP Multi Cap vs Bank of India Multi CapMulti Cap
DSP Multi Cap vs HSBC Multi CapMulti Cap
DSP Multi Cap vs DSP Flexi Cap42.1% overlap
DSP Multi Cap vs DSP Large & Mid Cap37.0% overlap
DSP Multi Cap vs DSP Aggressive Hybrid35.8% overlap

Compare with any other fund

Frequently Asked Questions for DSP Multi Cap Fund

What is the current NAV of DSP Multi Cap Fund?

The Direct plan NAV is ₹11.892. The Regular plan NAV is ₹11.421, as on 30-10-2026.

What are the returns of DSP Multi Cap Fund?

The Direct plan returned −5.51% in 1 year. The Regular plan returned −6.84% in 1 year. These figures are as on 30-10-2026.

What is the expense ratio of DSP Multi Cap Fund?

The Direct plan charges 0.69% a year. The Regular plan charges 2.09% a year. This is the figure the fund house reported to AMFI, in force from 23-10-2026.

What is the AUM of DSP Multi Cap Fund?

DSP Multi Cap Fund managed ₹2,878.27 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of DSP Multi Cap Fund?

At the end of September 2026 the largest holdings were HDFCBANK (6.40%), ICICIBANK (5.38%), AXISBANK (3.78%), MFSL (3.55%), ALKEM (3.26%). The fund held 55 securities in all.

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

It sold out of 4: Hexaware Technologies Limited, Tenneco Clean Air India Limited, Crompton Greaves Consumer Electricals Limited, Nuvama Wealth Management Limited. It added shares in 4. It reduced 2.

How do I invest in DSP Multi Cap 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 Cap Fund?

Chirag Dagli (since 30-01-2024).

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.