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List of DSP mutual funds in India

List of DSP Mutual funds in India 2023

January 30, 2023 | By EduFund | 4:50 pm

DSP Mutual Fund is one of India’s leading AMCs with over 20 years of investment excellence. Since its inception, this fund house has grown significantly to become one of India’s premier Asset Management Companies. 

The fund house offers various mutual fund schemes across equity, debt, and hybrid categories, along with the international fund of funds, exchange-traded funds, and close-ended funds.

The commitment of the fund house is to cater to its clients in every possible way by putting their interests first and securing their wealth.

History of DSP 

DSP Group is a 152-year-old financial company. The firm started stockbroking businesses back in the 1860s. One of the family members that founded this group was behind the foundation of the Bombay Stock Exchange (BSE.)  

Mr. Hemendra Kothari currently leads the DSP Group. He started his career with D.S. Purbhoodas & Co. before establishing DSP Financial Consultants, a financial services provider, in 1975.

As of 31 March 2022, DSP Mutual Fund has 372 schemes and an AuM of Rs 1,07,911.34 Crore.  

List of DSP mutual funds

List of DSP Funds in India 

Funds Category Launch Riskometer 1 Yr Ret (%) Expense Ratio (%) AUM (Cr) 
DSP Corporate Bond Fund Corporate Bond 2018-09-10 Moderate 2.63 0.25 2647 
DSP Credit Risk Fund Credit Risk 2013-01-01 Moderately High 10.49 0.38 234 
DSP Strategic Bond Fund Dynamic Bond 2013-01-01 Low to Moderate 2.66 0.48 497 
DSP Low Duration Fund Low Duration 2015-03-10 Low to Moderate 4.64 0.32 3464 
DSP Liquidity Fund Liquid 2013-01-01 Low to Moderate 5.12 0.15 11186 
DSP Bond Fund Medium Duration 2013-01-01 Moderate 3.84 0.39 334 
DSP Overnight Fund Overnight 2019-01-09 Low 4.90 0.07 3379 
DSP Short Term Fund Short Duration 2013-01-01 Low to Moderate 3.93 0.30 2735 
DSP Tax Saver Fund ELSS 2013-01-01 Very High 3.83 0.80 10445 
DSP Flexi Cap Fund Flexicap 2013-01-01 Very High -2.92 0.81 7910 
DSP Equity Opportunities Fund Large and Mid-cap 2013-01-01 Very High 4.50 0.95 7295 
DSP Nifty 50 Equal Weight Index Fund Large cap 2017-10-23 Very High 6.68 0.40 496 
DSP Nifty 50 Index Fund Large cap 2019-02-21 Very High 4.61 0.20 257 
DSP Midcap Fund Mid cap 2013-01-01 Very High -4.56 0.75 13699 
DSP Small Cap Fund Small Cap 2013-01-01 Very High 0.63 0.94 9161 
DSP Quant Fund Thematic 2019-06-10 Very High -3.28 0.56 1320 
DSP Equity & Bond Fund Aggressive Hybrid 2013-01-01 Very High -1.34 0.83 7529 
DSP Regular Savings Fund Conservative Hybrid 2013-01-02 Moderate 3.84 0.50 201 
DSP Dynamic Asset Allocation Fund Dynamic Asset Allocation 2014-02-06 Moderately High 1.58 0.67 4097 
Note – Returns as on 25-Jan-2023; All the funds are direct plan, growth option. Not all funds are covered above and only a selected few are covered across categories. 
Source: Value Research Online 

1. DSP Corporate Bond Fund 

  1. What? 
  • The fund invests in high-quality corporate debt securities rated AAA with a ‘roll down’ strategy. Roll down means – fund maturity reduces with time. 
  1. Who should invest? 
  • New investor in the debt market looking for stability & consistency of returns. 
  • Don’t want to take high credit or interest rate risk. 
  • Investors looking to reduce the overall risk level of the portfolio. 

2. DSP Credit Risk Fund 

  1. What? 
  • It is one of the DSP’s oldest debt funds with 18 years+ track record 
  • Invests in low-rated debt securities with min. 65% in AA & below-rated securities. 
  1. Who should invest? 
  • Investors with a well-set core portfolio prefer the stability of the debt market but are okay to expose themselves to credit risk. 
  • Investors looking to remain invested for at least 3-5 years. 

3. DSP Strategic Bond Fund 

  1. What? 
  • The fund is one of DSP’s oldest debt funds with a 14+ years track record. The fund invests in high-quality government & corporate debt securities (AAA rated) 
  • The fund is managed actively and is highly liquid 
  1. Who should invest? 
  • An investor who recognizes investing in longer-duration debt securities could generate higher returns but comes with higher interest rate risk. 

4. DSP Low Duration Fund 

  1. What? 
  • The fund invests in money market and debt securities with a portfolio duration of 6-12 months. The securities are sovereign (government) bonds, A1+ rated money market securities, and high-quality AA & above rated debt securities. 
  1. Who should invest? 
  • Investors with short-term horizons and wanting high safety of funds and high liquidity. 

5. DSP Liquidity Fund 

  1. What? 
  • The Fund is DSP’s oldest debt fund with a 24+ year track record. It invests in quality corporate bonds & money market instruments with a portfolio duration of 3 – 4 years. The securities include AA+ rated & above corporate bonds to minimize credit risk and duration risk. 
  • The portfolio uses a blended approach of active and passive investment. While 1/3rd of the portfolio utilizes a roll-down strategy (passively managed) and 2/3rd of the portfolio is actively managed. 
  1. Who should invest? 
  1. Investors who are new to the debt market are looking for stability in growth, the safety of funds, and high accessibility. 

6. DSP Bond Fund 

  1. What? 
  • The fund is one of DSP’s oldest debt funds with 24+ years of track record. It invests in quality corporate bonds & money market instruments with a portfolio duration of 3 – 4 years. 
  • The portfolio uses a blended approach of active and passive investment. While 1/3rd of the portfolio utilizes a roll-down strategy (passively managed) and 2/3rd of the portfolio is actively managed. 
  1. Who should invest? 
  • Investors who are new to the debt market are not looking for high-risk. 

7. DSP Overnight Fund 

  1. What? 
  • The fund invests in high-quality debt & money market instruments. The instruments primarily have a 1-day maturity. 
  1. Who should invest? 
  • Investors looking to park money for a very short period of time may need to withdraw at any time 

8. DSP Short-Term Fund 

  1. What? 
  • The fund is one of the oldest debt funds with a 19+ year track record. The fund invests in high-quality debt securities, primarily AAA-rated corporate bonds & sovereign (government) bonds & can invest up to 20% in AA+-rated instruments. The instruments primarily have a 1-3 year duration. 
  1. Who should invest? 
  • Investors with a very low tolerance for risk and looking to park money for a very short period of time & may need to withdraw suddenly. 

9. DSP Tax Saver Fund 

  1. What? 
  • The fund invests in equity and equity-related securities across sectors and market capitalization. The fund provides tax deductions up to Rs 1.5 lakh annually under Sec 80C of the Income Tax Act 1961. 
  1. Who should invest? 
  • An investor with a relatively high-risk appetite and looking to get an income tax benefit. 

10. DSP Flexi Cap Fund 

  1. What? 
  • The fund is DSP’s oldest equity fund with a 24+ year track record. The fund invests flexibly across carefully selected companies of different sizes- large, mid, or small. 
  • The fund tends to own quality businesses with strong business models, and growth potential & led by reliable management. 
  1. Who should invest? 
  • Investors who are relatively new to the equity market and have the patience & mental resilience to remain invested for a decade or more. 

11. DSP Equity Opportunities Fund 

  1. What? 
  • The fund is among DSP’s oldest equity funds with a 21-year+ track record and invests in a mix of established (large-sized) as well as emerging (mid-sized) companies. The fund tends to invest ~70% in companies with attractive valuations and ~30% or less in growth stocks. 
  1. Who should invest? 
  • Investors looking to build wealth over the long term and has the patience & mental resilience to remain invested for a decade or more. 

12. DSP Nifty 50 Equal Weight Index Fund 

  1. What? 
  • The fund is an index fund that replicates the Nifty 50 Equal Weight TR Index – same stocks, same weights. The fund allows you to invest in India’s top 50 companies, each with the same weight in the portfolio. 
  • The portfolio is re-aligned quarterly so every stock’s weight is brought back to 2%. The portfolio is rebalanced semi-annually to adjust for any stock additions or subtractions to the Index. 
  1. Who should invest? 
  • An investor who is relatively new to the equity market and is happy with the market returns. The investor should have the patience & mental resilience to remain invested for a decade or more. 

13. DSP Nifty 50 Index Fund 

  1. What? 
  • The fund is an index fund that replicates the Nifty 50 TR Index by investing in the same stocks and the same proportion. The portfolio is rebalanced semi-annually to adjust for any stock additions or subtractions to the Index.  
  1. Who should invest? 
  • An investor who is relatively new to the equity market and is happy with the market returns. The investor should have the patience & mental resilience to remain invested for a decade or more. 

14. DSP Midcap Fund 

  1. What? 
  • The fund invests in mid-sized companies that have the potential to become really big. It looks for durable businesses with strong financial metrics.
  • The mid-sized tends to offer higher growth potential than larger companies and thus comes with relatively higher risk than large-cap but lower risk than smaller-sized companies. 
  1. Who should invest? 
  • An investor with a well-set core portfolio & looking to tactically allocate 10-15% of your overall portfolio to very high-risk opportunities. The investors should have patience & mental resilience to remain invested for a decade or more. 

15. DSP Small Cap Fund 

  1. What? 
  • The fund invests in some of the smallest, fastest growing & innovative Indian companies. It considers companies with strong business models in high-growth sectors and efficient management teams focused on utilizing resources wisely to unlock high-growth potential. 
  1. Who should invest? 
  • An investor with a well-set core portfolio & looking to tactically allocate 10-15% of your overall portfolio to very high-risk opportunities. The investors should have patience & mental resilience to remain invested for a decade or more. 

16. DSP Quant Fund 

  1. What? 
  • The fund is a pure rule-based fund and forms its portfolio through a carefully constructed framework & a robust quantitative model.
  • The fund considers the top 200 companies in India, eliminates those with value-diminishing components, selects those with durable sources of potential outperformance, and then optimizes weights across various companies. 
  1. Who should invest? 
  • Investors who are relatively new to the equity market, and have the patience & mental resilience to remain invested for a decade or more. 

17. DSP Equity & Bond Fund 

  1. What? 
  • The fund is amongst DSP’s oldest hybrid funds with a 22+ year track record and invests in a mix of equity & debt instruments, trying to deliver equity-like returns with a slightly lower risk profile. 
  • The larger equity component (65%+) aims to help build wealth, while the debt allocation (<35%) aims to reduce the impact of market fluctuations. The equity portion is well diversified across multiple sectors & different-sized companies while the debt portion is mostly in highly rated debt instruments with shorter-term maturity profiles. 
  1. Who should invest? 
  • Investors looking to invest in the equity markets but don’t know how to begin. These investors should have the patience & mental resilience to remain invested for a decade or more. 

18. DSP regular savings fund 

  1. What? 
  • The fund is one of the oldest hybrid funds with a 17+ year track record. The fund invests in a mix of debt & equity instruments. The larger debt component (75%+) aims to lower the impact of market fluctuations, while the equity allocation (<25%) aims to boost returns. The debt portion is mostly in highly rated debt instruments with shorter-term maturity profiles while the equity portion is well-diversified across multiple sectors & different-sized companies. 
  1. Who should invest? 
  • Investors looking to generate a steady potential income & are okay not chasing high returns. The investors are conservative and don’t like to take too much risk. 

19. DSP Dynamic Asset Allocation Fund 

  1. What? 
  • The Balanced Advantage Fund invests in a mix of equity & debt instruments and follows smart rules-based. The fund responds to changing market conditions & adjusts the equity-debt balance dynamically. As the market starts rising & stock valuations turn frothy, it reduces equity exposure & when markets fall, it looks to increase equity exposure to follow the basic investment principle of ‘buy low, sell high’. 
  1. Who should invest? 
  • Investors looking to generate a steady potential income & are okay not chasing high returns. The investors are conservative and don’t like to take too much risk. 
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