DSP Mutual Fund was set up in 1996 and is managed by DSP Asset Managers Private Limited (DSAM). With over 28 years of experience, DSP AMC provides various mutual fund investment options, including equity, debt, and hybrid options, tailored to meet varying investor goals and risk levels.
The DSP family originally entered the stock-broking business in the 1860s, beginning their path into investing. In a joint venture with Merrill Lynch, they entered the investment management industry. In January 1997, they registered with SEBI and formed DSP Merrill Lynch Asset Management Company. Following BlackRock's acquisition of Merrill Lynch's worldwide asset management division in 2008, the company's name was subsequently changed to DSP BlackRock Investment Managers Ltd.
DSP Asset Managers Private Limited (DSPAM) operates as a trust registered with SEBI. The company's ownership is divided: DSP ADIKO Holdings Pvt. Ltd. holds 54% of the shares, DSP HMK Holdings Pvt. Ltd. has 34%, and the remaining 12% is equally split between Ms Aditi Kothari Desai and Ms Shuchi Kothari. As of September 30, 2024, the DSP Mutual Fund had Assets under Management of Rs. 1,87,264.64 crores.
Key Information About DSP Mutual Fund
How to Invest in the DSP Mutual Fund
Investing in the best DSP Mutual Funds can be a complex process. To make it easier, here is a step-by-step guide:
1. Choose Your Mutual Fund Type
According to your risk tolerance (low, mid, or high) and financial goals, choose your mutual types, such as equity, debt, hybrid, index, and sector funds.
2. Select a Mutual Fund Scheme
After carefully analysing the historical returns, expense ratio, reviews, and ratings of different schemes, choose your preferred DSP Mutual Fund.
3. Login or Open a Demat Account
Log in to your Stack Wealth account. If you do not have an account, you can register with your mobile number and create a new one immediately.
4. Complete KYC (Know Your Customer) Requirements
The next step involves providing personal information and verifying identity. You must upload a government-issued ID such as PAN, Aadhar and proof of address. Follow the instructions in the app to complete this step smoothly.
5. Select Investment Mode (SIP or lumpsum)
If you prefer regular, disciplined investing, you can set-up a systematic investment plan (SIP), which is periodic (monthly, quarterly, etc.). Alternatively, if you have a large amount to invest, you can make a lump-sum investment. Select the investment period of your choice.
6. Confirm and Track Your Investment
After setting up your investment, sit back and watch your money grow. The Stack Wealth app will provide regular updates and reports on your portfolio’s performance. You can also adjust your investments or withdraw funds as needed.
List of Best DSP Mutual Funds in India
Here is the list of some of the best DSP Mutual Funds in India:
* All data as of 31st Jan, 2025
Detailed Overview of DSP Mutual Fund Schemes
Now, let’s discuss these 10 DSP mutual fund schemes in detail:
1. DSP Healthcare Fund-Regular-Growth Plan
DSP Healthcare Fund is an open-ended equity scheme investing in equity and equity-related securities of pharmaceutical and healthcare companies to seek to generate consistent returns.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 20% and 25.64%, respectively. In three years, the current value of a Standard Investment of ₹1,00,000 will become around ₹1,72,880.
- Minimum Investment Amount: The minimum lump sum required for the DSP Healthcare Fund is ₹100; the Minimum Add lump sum is ₹ 100; and the minimum SIP is ₹100 (12 instalments).
2. DSP Banking & PSU Debt Fund-Regular-Growth Plan
DSP Banking & PSU Debt Fund is an open-ended debt scheme that predominantly invests in debt instruments of banks, public sector undertakings, public financial institutions, and municipal bonds. Its primary objective is generating income and capital appreciation with a relatively high interest rate and low credit risk.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 7.56% and 7.56%, respectively. In three years, the current value of a Standard Investment of ₹1,00,000 will become around ₹1,16,670.
- Minimum Investment Amount: The minimum lump sum required for the DSP Banking & PSU Debt Fund is ₹100; the Minimum Add lump sum is ₹ 100, and the minimum SIP is ₹100 (12 instalments).
3. DSP Multi Asset Allocation Fund-Regular-Growth Plan
DSP Multi Asset Allocation Fund is an open-ended hybrid scheme that invests in equity and equity-related securities, debt instruments, commodity ETFs, exchange-traded commodity derivatives, and overseas securities.
- Fund Performance: The fund's annualized returns for the past 6 months and 1 year have been around 3% and 14.45%, respectively. In three years, the current value of a Standard Investment of ₹1,00,000 will become around ₹1,14,492.
- Minimum Investment Amount: The minimum lump sum required for the DSP Multi Asset Allocation Fund is ₹100; the Minimum Add lump sum is ₹ 100, and the minimum SIP is ₹100 (12 instalments).
4. DSP Natural Resources And New Energy Fund-Regular-Growth Plan
DSP Natural Resources and New Energy Fund is an open-ended equity scheme investing in the Natural Resources and Alternative Energy sectors. Its primary investment objective is to generate capital appreciation and provide long-term growth opportunities.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 13.20% and 21.08%, respectively. In three years, the current value of a Standard Investment of ₹1,00,000 will become around ₹1,45,126.
- Minimum Investment Amount: The minimum lump sum required for the DSP Natural Resources And New Energy Fund is ₹100; the Minimum Add lump sum is ₹ 100; and the minimum SIP is ₹100 (12 instalments).
5. DSP Strategic Bond Fund-Regular-Growth Plan
DSP Strategic Bond Fund is an open-ended dynamic debt scheme investing in high-quality debt and money market securities. Its objective is to generate optimal returns with high liquidity through active portfolio management with relatively high interest rates and moderate credit risk.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 6.53% and 6.41%, respectively. In three years, the current value of a Standard Investment of ₹1,00,000 will become around ₹1,20,918.
- Minimum Investment Amount: The minimum lump sum required for the DSP Strategic Bond Fund is ₹100; the Minimum Add lump sum is ₹ 100; and the minimum SIP is ₹100 (12 instalments).
6. DSP Aggressive Hybrid Fund-Regular-Growth Plan
DSP Aggressive Hybrid Fund is an open-ended hybrid scheme investing 65%-80% in equity-related securities to help build wealth while 20%-35% in fixed-income securities to minimise the impact of market fluctuations.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 12.44% and 13.81%, respectively. In three years, the current value of a Standard Investment of ₹1,00,000 will become around ₹1,42,188.
- Minimum Investment Amount: The minimum lump sum required for the DSP Aggressive Hybrid Fund is ₹100; the Minimum Add lump sum is ₹ 100; and the minimum SIP is ₹100 (12 instalments).
7. DSP India T.I.G.E.R. Fund-Regular-Growth Plan
DSP India T.I.G.E.R. (The Infrastructure Growth and Economic Reforms) Fund is an open-ended equity scheme following economic reforms and/or infrastructure development themes that seek to generate capital appreciation.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 24.72% and 24.16%, respectively. In three years, the current value of a Standard Investment of ₹1,00,000 will become around ₹1,94,114.
- Minimum Investment Amount: The minimum lump sum required for the DSP India T.I.G.E.R. Fund is ₹100; the Minimum Add lump sum is ₹ 100; and the minimum SIP is ₹100 (12 instalments).
8. DSP Credit Risk Fund-Regular-Growth Plan
DSP Credit Risk Fund is an open-ended debt scheme predominantly investing in AA and below-rated corporate bonds (excluding AA+ rated corporate bonds). The scheme's primary investment objective is to generate returns with relatively high interest rates and credit risk.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 11.01% and 7.85%, respectively. In three years, the current value of a Standard Investment of ₹1,00,000 will become around ₹1,36,844.
- Minimum Investment Amount: The minimum lump sum required for the DSP Credit Risk Fund is ₹100; the Minimum Add lump sum is ₹ 100; and the minimum SIP is ₹100 (12 instalments).
9. DSP Regular Savings Fund-Regular-Growth Plan
DSP Regular Savings Fund is an open-ended hybrid scheme that invests predominantly in debt instruments. It aims to generate income while taking prudent risks.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 7.99% and 8.01%, respectively. In three years, the current value of a Standard Investment of ₹1,00,000 will become around ₹1,25,973.
- Minimum Investment Amount: The minimum lump sum required for the DSP Regular Savings Fund is ₹100; the Minimum Add lump sum is ₹ 100; and the minimum SIP is ₹100 (12 instalments).
10. DSP Flexi Cap Fund-Regular-Growth Plan
DSP Flexi Cap Fund is an open-ended dynamic equity scheme that invests flexibly in carefully selected companies of different sizes—large, medium, or small.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 12.75% and 15.22%, respectively. In three years, the current value of a Standard Investment of ₹1,00,000 will become around ₹1,43,365.
- Minimum Investment Amount: The minimum lump sum required for the DSP Flexi Cap Fund is ₹100; the Minimum Add lump sum is ₹ 100; and the minimum SIP is ₹100 (12 instalments).
Top Fund Managers
Below is the list of people who have made DSP Mutual Fund Investment a premier choice in a highly competitive market.
1. Vinit Sambre
Vinit joined DSP Asset Managers Private Ltd. (DSPAM) in July 2007 as a Portfolio Analyst for the firm's PMS division but now heads equity. He has over 16 years of experience and specialises in small and mid-cap markets. Before this, he was with DSP Merrill Lynch in its Global Private Client business.
2. Sandeep Yadav
Sandeep joined DSP Mutual Funds in September 2021 as Senior Vice President of Fixed-Income Investments and is currently head of Fixed-Income. He has around 20 years of experience. He is a CFA chartered holder, a Computer Engineer (Pune University), and a PGDBM (IIM Bangalore).
3. Aparna Karnik
Aparna Karnik has over 17 years of experience in credit, investment, and operations risk management. She is the Head of Quantitative Investments and Analytics (QIA), leading the team that provides comprehensive support and guidance on all aspects related to investment risk management. Previously, she worked with CRISIL Ratings in their Structured Finance Division, Large Corporates Group.
4. Anil Ghelani
Anil is Head of Passive Investments & Products and has worked with DSP Group since 2003. Before that, he served as the Business Head & Chief Investment Officer at DSP Pension Fund Managers and, before that, led the Risk and Quantitative Analysis team at DSP Mutual Fund, responsible for overseeing portfolio risk and buy-side credit research on companies in various sectors.
5. Rohit Singhania
Rohit Singhania joined DSP Asset Managers in September 2005 as a Portfolio Analyst for the firm's Portfolio Management Services (PMS) division. He is now a Research Analyst focusing on Infrastructure, Auto, Auto Ancillaries, Hotels, Metals, and Sugar. Since June 2010, he has been the Co-Fund Manager for the DSP India T.I.G.E.R. Fund. In June 2009, Rohit was transferred to the Institutional Equities Team of DSPAM.
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