DSP Small Cap Fund
This is the Regular plan of DSP Small Cap Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.
This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.
View the Growth plan for compounded returns (+15.75% 3Y CAGR)Performance
Scorecard
Not ratedHow this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — too few comparable Equity funds (same plan and option) to rank against yet.
Not enough Small Cap Fund peers to rank yet
Volatility 19.2% (no category average yet)
1.7% expense (no category average yet)
83% of rolling 3Y windows were positive
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (Small Cap Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -3.34% | — | — |
| 3M abs | +2.68% | — | — |
| 6M abs | +24.16% | — | — |
| 1Y CAGR | +6.54% | — | — |
| 3Y CAGR | +6.36% | — | — |
| 5Y CAGR | +5.84% | — | — |
Category average across peers in Small Cap Fund, same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into DSP Small Cap Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | Nifty Smallcap 250 TRI | Diff | |
|---|---|---|---|---|
| 2026part | +6.05% | +6.37% | -0.32% | |
| 2025 | -11.20% | -5.29% | -5.91% | |
| 2024 | +15.62% | +27.52% | -11.90% | |
| 2023 | +29.73% | +49.76% | -20.03% | |
| 2022 | -10.07% | -2.65% | -7.42% | |
| 2021 | +43.40% | +63.41% | -20.01% | |
| 2020 | +18.05% | +27.11% | -9.06% | |
| 2019 | -10.95% | -7.26% | -3.69% | |
| 2018 | -25.45% | -26.33% | +0.88% | |
| 2017 | +42.78% | +58.25% | -15.47% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.
Taxation
Taxed as equityThis is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.
Flat, on the whole gain
On gains above ₹1.25 L per financial year
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Equity88.30%
- Cash & Equivalents11.70%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹18,087Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.
AMC Profile
DSP Mutual Fund is run by DSP Asset Managers, part of the DSP Group, a Mumbai financial firm whose broking lineage runs back to 1860. The house operated as a joint venture with BlackRock — and Merrill Lynch before it — until the DSP family bought out the foreign stake in 2018.
Fund Managers
VSVinit SambreStart date not disclosed
Head of Equities and Fund Manager
B.Com, FCA
Over 27 Years of experience From April 2023 to Present: Head Equities – Senior DSP Small Cap Fund Vice President – DSPAM. From May 2018 to March 2023: Head Equities – Senior Vice President – DSPIM. January 2010 to May 2018: Vice President - DSPIM. From July 2007 - December 2009: Assistant Vice President - DSPIM. From November 2005 to June 2007: Assistant Vice President - Global Private Client with DSP Merrill Lynch Limited. From December 2002 to October 2005: Sr. Manager- Investment Advisory Services - IL & FS Investsmart Ltd. From June 2000 to December 2002 Manager – Equity Research & Investment - Unit Trust of India Investment Advisory Services Ltd. From March 1999 to May 2000 Worked Equity Research Analyst - Kisan Ratilal Choksey Shares & Securities Private Limited From April 1998 to February 1999 - Analyst with Credit Rating Information Services of India Limited (CRISIL) on retainership basis. Advisory Services - IL & FS Investsmart Ltd.
Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
Explore from here
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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Small Cap funds
Small cap funds invest in companies beyond the top 250 by size. They offer the highest growth potential of any equity category and also the sharpest falls, so they suit long horizons and strong stomachs.
Frequently asked questions
What is the NAV of DSP Small Cap Fund?
As of 05 Oct 2026, the NAV of DSP Small Cap Fund is ₹61.62 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has DSP Small Cap Fund delivered?
DSP Small Cap Fund has returned +6.54% over 1 year, +6.36% per year over 3 years, +5.84% per year over 5 years and +11.86% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of DSP Small Cap Fund?
DSP Small Cap Fund charges an expense ratio of 1.70% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of DSP Small Cap Fund?
DSP Small Cap Fund's largest holdings are Lumax Auto Technologies Limited (5.1%), Thangamayil Jewellery Limited (3.6%), Kirloskar Oil Engines Limited (3.4%), Sansera Engineering Limited (3.3%) and Welspun Corp Limited (2.6%). Holdings are disclosed monthly and change over time.
How risky is DSP Small Cap Fund?
DSP Small Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 19.2% and its worst peak-to-trough fall in our sample was -60.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of -0.01 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. DSP Small Cap Fund's -0.01 means it has not compensated investors for its volatility over the window. Higher is better.
What is the benchmark of DSP Small Cap Fund?
DSP Small Cap Fund is benchmarked against the BSE 250 SMALL CAP TRI. Its alpha and beta on this page are measured against that index.
Who manages DSP Small Cap Fund?
DSP Small Cap Fund is managed by Vinit Sambre at DSP.
How is DSP Small Cap Fund taxed?
DSP Small Cap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.