MonitorDirect · GrowthWatch before adding
DSP Equity Savings Fund
DSP Mutual FundHybrid Scheme - Equity Savings10.6 years
The Scheme seeks to generate income through investments in fixed income securities and using arbitrage and other derivative Strategies. The Scheme also intends to generate long-term capital appreciation by investing a portion of the Scheme's assets in equity and equity related instruments.
- NAV
- 25.244
- 4 Nov 2026
- 1Y
- +1.8%
- Trailing CAGR
- AUM
- ₹3,306.27 Cr
- 31 Aug 2026
- Volatility
- Low
- 5.7% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 4 Nov 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · The fund beat the category median in 74% of rolling 3-year windows.
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Prefer peers if · Prefer Edelweiss Equity Savings Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
10.6 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
1.15% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -18.9%. Ask whether you can hold through a similar fall.
Vs category
Pass
74% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Kaivalya Nadkarni · 2.1 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Watch
Top 10 holdings ≈ 63.8% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 19%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+1.8%
- 3Y+8.6%
- 5Y+7.7%
- 10Y+8.6%
- SI+9.1%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+1.9%
- 3Y+5.0%
- 5Y+7.4%
- 10Y+8.6%
- Since inception
- +9.1%
- Calendar-day CAGR
- Excess 1Y
- -1.6%
- Category median, same plan and option
- 3Y win rate
- +74%
- Windows beating the median
- 3Y percentile
- 46
- Vs comparable share classes
- SIP 3Y XIRR
- +5.0%
- Simulated monthly SIP
- Worst rolling 3Y
- -0.0%
- 1872 daily-ending windows
- Median rolling 3Y
- +10.0%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 1381 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -18.9%
- Worst peak-to-trough
- Current
- -0.8%
- Below last peak
- Current spell
- 93 days
- Days below latest peak
- Time below peak
- +79%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 7 days
- 211 recovered episodes
- Longest recovery
- 199 days
- Trough to prior peak
12 Feb 2020 – 8 Oct 2020
Trough 23 Mar 2020 · recovered in 199 days
-18.9%
28 Aug 2018 – 15 Mar 2019
Trough 8 Oct 2018 · recovered in 158 days
-6.6%
3 Jun 2019 – 23 Sept 2019
Trough 22 Aug 2019 · recovered in 32 days
-4.9%
25 Oct 2016 – 3 Feb 2017
Trough 26 Dec 2016 · recovered in 39 days
-4.8%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
46
Vs category
40
Consistency
63
Risk-adjusted
53
Drawdown
53
Mean
51
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
Supporting reads
- The fund beat the category median in 74% of rolling 3-year windows.
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
31 Aug 2026 · 95 holdings · top 10 are 63.8%.
- Top 5
- 52.2%
- Top 10
- 63.8%
- Largest holding
- 38.3%
- Effective holdings
- 6.0
Cash Margin
Unspecified
38.3%
HDFC Bank Ltd
Financial
6.8%
Axis Bank Ltd
Financial
4.6%
Kotak Mahindra Bank Ltd
Financial
3.5%
Mahindra & Mahindra Ltd
Consumer Discretionary
3.2%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
3 Nov 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
2 Nov 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
30 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
29 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
28 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
27 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
26 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
21 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
19 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
16 Oct 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Edelweiss Equity Savings Fund
Edelweiss Mutual Fund
- 1Y
- +6.7%
- 3Y
- +11.2%
- Vol
- 4.8%
- Max DD
- -9.5%
- Sharpe
- 0.92
- 3Y win
- +94%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Bajaj Finserv Equity Savings Fund
Bajaj Finserv Mutual Fund
- 1Y
- +4.5%
- 3Y
- n/a
- Vol
- 2.5%
- Max DD
- -1.6%
- Sharpe
- -0.54
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
Kotak Equity Savings Fund
Kotak Mahindra Mutual Fund
- 1Y
- +2.4%
- 3Y
- +9.8%
- Vol
- 5.7%
- Max DD
- -16.5%
- Sharpe
- 0.65
- 3Y win
- +91%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
HDFC Equity Savings Fund
HDFC Mutual Fund
- 1Y
- +2.3%
- 3Y
- +8.7%
- Vol
- 5.8%
- Max DD
- -17.0%
- Sharpe
- 0.67
- 3Y win
- +88%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Higher TER
LIC MF Equity Savings Fund
LIC Mutual Fund
- 1Y
- +1.3%
- 3Y
- +8.6%
- Vol
- 6.8%
- Max DD
- -7.5%
- Sharpe
- 0.35
- 3Y win
- +98%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Higher TER