EquityLarge & Mid Cap FundDirectGrowthVery High

DSP Large & Mid Cap Fund

Q: What is the NAV of DSP Large & Mid Cap Fund?

As of 05 Oct 2026, the NAV of DSP Large & Mid Cap Fund is ₹657.78 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has DSP Large & Mid Cap Fund delivered?

DSP Large & Mid Cap Fund has returned -4.54% over 1 year, +12.20% per year over 3 years, +10.59% per year over 5 years and +15.34% 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.

Q: What is the expense ratio of DSP Large & Mid Cap Fund?

DSP Large & Mid Cap Fund charges an expense ratio of 0.79% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of DSP Large & Mid Cap Fund?

DSP Large & Mid Cap Fund's largest holdings are ICICI Bank Limited (8.7%), HDFC Bank Limited (7.3%), Axis Bank Limited (5.9%), State Bank of India (3.3%) and Kotak Mahindra Bank Limited (2.4%). Holdings are disclosed monthly and change over time.

Q: How risky is DSP Large & Mid Cap Fund?

DSP Large & Mid Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.2% and its worst peak-to-trough fall in our sample was -36.8%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.40 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. DSP Large & Mid Cap Fund's 0.40 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of DSP Large & Mid Cap Fund?

DSP Large & Mid Cap Fund is benchmarked against the NIFTY Large Midcap 250 TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages DSP Large & Mid Cap Fund?

DSP Large & Mid Cap Fund is managed by Rohit Singhania and Nilesh Aiya at DSP.

Q: How is DSP Large & Mid Cap Fund taxed?

DSP Large & Mid 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.

DSP Mutual Fund · Best Large & Mid Cap Mutual Funds

NAV

₹657.78

+0.14% 1D

as of 05 Oct 2026

This is the Direct plan of DSP Large & Mid Cap Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

-5.24%absolute

52-week rangePrev NAV ₹656.85

Latest ₹657.78

Low ₹628.4329th percentile of its 52-week rangeHigh ₹730.46

Scorecard

★★★★☆4/5 vs 26 of 35 Large & Mid Cap Fund peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How 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. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Large & Mid Cap Fund (same plan and option). 26 of the 35 Large & Mid Cap Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceAverage

3Y CAGR +12.20% · ranks 16 of 26 Large & Mid Cap Funds

RiskModerate

Volatility 14.2% vs 14.7% category avg

CostLow

0.8% expense vs 1.2% category avg

ConsistencyHigh

99% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Low expense ratio (0.79%) vs the Large & Mid Cap Fund average of 1.19%
Consistent — positive in 99% of rolling 3-year windows

Concerns

Trails the Large & Mid Cap Fund average on 1M/3M/6M/1Y — 1Y by 5.09pp
3-year return (+12.20%) trails the Large & Mid Cap Fund average (+13.04%)
5-year return (+10.59%) trails the Large & Mid Cap Fund average (+11.68%)
Ranks #30 of 33 on 1-year return in its Large & Mid Cap Fund cohort

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.79%

Category 1.19%▼0.40%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

20.01

Category 28.22▼8.21

Excess return per unit of total volatility (rf = 6.5%)

0.40

Category 0.42▼0.02

Scheme Info

Definitions

Plan

Direct · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Holding period from the date of allotment: − Up to 10% of units: Nil exit load if redeemed or switched out within 1 month. − Exceeding 10% of units: 1% exit load if redeemed or switched within 1 month. − After 1 months: Nil exit load on any redemption or switch-out

Up to 1.00%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹100

NIFTY Large Midcap 250 TRI

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

02 Jan 2013

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-5.77%

Absolute return over the last 3 months (not annualized)

-6.90%

Absolute return over the last 6 months (not annualized)

+3.17%

Absolute return since 1 Jan of this year (not annualized)

-9.03%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-4.54%

3-year annualized return (CAGR)

+12.20%

5-year annualized return (CAGR)

+10.59%

10-year annualized return (CAGR)

+13.61%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+15.34%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

14.25%

Excess return per unit of total volatility (rf = 6.5%)

0.40

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.54

Largest peak-to-trough decline over full history

-36.75%

Benchmark ratios (vs Nifty Midcap 150 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty Midcap 150 TRI

-0.71%

Sensitivity to Nifty Midcap 150 TRI moves; 1 = moves with the index

0.82

How much of the fund's movement Nifty Midcap 150 TRI explains

89.6%

Excess return per unit of beta (market risk)

6.57

Active return over the benchmark per unit of tracking error

-0.33

Annualized std dev of fund-minus-benchmark returns

6.17%

Fund's share of benchmark gains in up months (100 = matches index)

81.0%

Fund's share of benchmark losses in down months (lower is better)

78.2%

Computed vs the Nifty Midcap 150 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Large & Mid Cap Fund)

Period	Fund	Category avg.	Diff
1M abs	-5.77%	-5.17%	-0.60%
3M abs	-6.90%	-3.52%	-3.38%
6M abs	+3.17%	+9.82%	-6.65%
1Y CAGR	-4.54%	+0.55%	-5.09%
3Y CAGR	+12.20%	+13.04%	-0.84%
5Y CAGR	+10.59%	+11.68%	-1.09%

Category average across peers in Large & Mid Cap Fund (up to 35 funds with data), 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.

Category rank

Vs 35 peers in Large & Mid Cap Fund

1Y return

-4.54%

Beats 9.4% · rank #30

3Y return

+12.20%

Beats 40% · rank #16

5Y return

+10.59%

Beats 32% · rank #18

Sharpe

0.40

Beats 52% · rank #13

Sortino

0.54

Beats 52% · rank #13

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.68L

Absolute

+28.03%

XIRR

+10.13%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into DSP Large & Mid 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 Midcap 150 TRI	Diff
2026part	-9.03%	-1.81%	-7.22%
2025	+8.22%	+6.24%	+1.98%
2024	+25.11%	+24.74%	+0.37%
2023	+33.75%	+45.27%	-11.52%
2022	+5.37%	+4.09%	+1.28%
2021	+32.44%	+48.31%	-15.87%
2020	+15.32%	+26.10%	-10.78%
2019	+12.53%	—	—
2018	-8.32%	—	—
2017	+41.73%	—	—

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.

History points

3,386

Expense ratio

0.79%

AUM

₹17,241Cr

Portfolio turnover

40%

Exit load

P/E ratio

20.0

P/B ratio

3.8

Avg market cap

₹3,45,275Cr

P/E & P/B are portfolio-weighted harmonic means across 62 of 69 equity holdings (93% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This 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.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

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.

Peer comparison · Large & Mid Cap Fund

Compare all


DSP Large & Mid Cap FundThis fund DSP · Direct · Growth	★★★★☆	-4.54%	+12.20%	+10.59%	20.01	0.79%	—
Invesco India Large & Mid Cap Fund Invesco · Direct · Growth	★★★★★	+6.12%	+21.40%	+15.88%	42.81	0.79%	—
Motilal Oswal Large and Midcap Fund Motilal Oswal · Direct · Growth	★★★★☆	+5.62%	+21.20%	+18.26%	38.81	0.89%	₹17,050Cr
HSBC Large & Mid Cap Fund HSBC · Direct · Growth	★★★☆☆	+7.65%	+16.77%	+13.52%	31.22	1.34%	—
Bandhan Large & Mid Cap Fund Bandhan · Direct · Growth	★★★★★	+1.38%	+16.67%	+15.58%	19.23	1.15%	—
Quant Large & Mid Cap Fund quant · Direct · Growth	★★★☆☆	+7.99%	+14.58%	+14.54%	32.31	1.21%	—

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap53.6%
Mid cap41.2%
Small cap5.2%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity98.42%
Cash & Equivalents1.58%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
DSP ELSS Tax Saver Fund DSP · ELSS	73.1%	★★★★★	0.92%	+11.96%
DSP Flexi Cap Fund DSP · Flexi Cap Fund	59.8%	★★★☆☆	0.88%	+9.76%
DSP Aggressive Hybrid Fund DSP · Aggressive Hybrid Fund	55.0% of 72% equity	★★★★☆	0.79%	+9.13%
DSP Dynamic Asset Allocation Fund DSP · Dynamic Asset Allocation or Balanced Advantage	51.3% of 71% equity	★★★☆☆	1.04%	+9.86%
DSP Value Fund DSP · Value Fund	49.2% of 80% equity	★★★★★	1.55%	+15.37%
HDFC Retirement Fund - Equity HDFC · Retirement Fund	46.4%	★★★★☆	0.92%	+8.44%
HDFC ELSS - Tax Saver Fund HDFC · ELSS	46.4%	★★★★☆	1.21%	+11.62%
UTI Children's Equity Fund UTI · Children’s Fund	46.0%	★★★☆☆	1.39%	+6.22%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

1 holding — 1.18% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

PB Fintech LimitedShort-term · Stage I1.18%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-36.8%24 Jan 2020 → 23 Mar 2020
Fell over 2 months, back to the old high on 11 Nov 2020 — 8 months under water after the low.
-19.5%18 Oct 2021 → 20 Jun 2022
Fell over 8 months, back to the old high on 30 Nov 2022 — 5 months under water after the low.
-19.1%06 Aug 2015 → 12 Feb 2016
Fell over 6 months, back to the old high on 23 Jun 2016 — 4 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

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.

Launched

15 Dec 1996

Total AUM

₹2,29,802Cr+2.0% QoQ

Avg AUM · April - June 2026

Website

dspim.com

Fund Managers

RSRohit SinghaniaStart date not disclosed

Role

Co Head – Equities and Fund Manager

Education

B.Com. MMS (Finance) Mumbai University

Experience

Over 24 years of experience as detailed under: From April 2023 to present: Equities Investment team - Research Analyst - DSPAM. From September, 2005 to March 2023: Joined as Portfolio Analyst in firm’s PMS division. Transferred to Equities Investment team in June 2009 as Research Analyst - DSPIM. Previously, he was with HDFC Securities Limited as a part of its Institutional Equities Research Desk. He spent 13 months at HDFC Securities as Sr. Equity Analyst. Prior to HDFC securities, he was employed with IL&FS Investmart Limited as Equity Analyst.

Funds managed (5)

All schemes Rohit Singhania runs →

NANilesh AiyaStart date not disclosed

Education

Chartered Accountant

Experience

Over 16 years experience- From September 2025- till date – DSPAM: Vice President- Investments Equity & Fund Manager From April 2023- August 2025- DSP Asset Managers Private Limited (DSPAM)-: Vice President- Investments Equity From June 2020- March 2023 – DSP Investment Managers Private Limited : Assistant Vice President- Investments Equity From June 2013 to May 2020– Edelweiss Securities Limited: Institutional Equities - Research Analyst From June 2009 to May 2013– KPMG- Assistant Manager – Accounting Advisory

All schemes Nilesh Aiya runs →

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

Fund managers

Rohit Singhania

Top holdings

ICICI Bank Limited HDFC Bank Limited Axis Bank Limited State Bank of India Kotak Mahindra Bank Limited Bharti Airtel Limited Uno Minda Limited Coforge Limited Max Financial Services Limited Alkem Laboratories Limited Phoenix Mills Limited Coromandel International Limited

DSP in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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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 Large & Mid Cap funds

Large & mid cap funds keep at least 35% each in large-cap and mid-cap stocks. They aim to blend the stability of big companies with the higher growth — and higher swings — of mid caps.

Frequently asked questions

What is the NAV of DSP Large & Mid Cap Fund?

As of 05 Oct 2026, the NAV of DSP Large & Mid Cap Fund is ₹657.78 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has DSP Large & Mid Cap Fund delivered?

DSP Large & Mid Cap Fund has returned -4.54% over 1 year, +12.20% per year over 3 years, +10.59% per year over 5 years and +15.34% 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 Large & Mid Cap Fund?

DSP Large & Mid Cap Fund charges an expense ratio of 0.79% 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 Large & Mid Cap Fund?

DSP Large & Mid Cap Fund's largest holdings are ICICI Bank Limited (8.7%), HDFC Bank Limited (7.3%), Axis Bank Limited (5.9%), State Bank of India (3.3%) and Kotak Mahindra Bank Limited (2.4%). Holdings are disclosed monthly and change over time.

How risky is DSP Large & Mid Cap Fund?

DSP Large & Mid Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.2% and its worst peak-to-trough fall in our sample was -36.8%. 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 0.40 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. DSP Large & Mid Cap Fund's 0.40 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of DSP Large & Mid Cap Fund?

DSP Large & Mid Cap Fund is benchmarked against the NIFTY Large Midcap 250 TRI. Its alpha and beta on this page are measured against that index.

Who manages DSP Large & Mid Cap Fund?

DSP Large & Mid Cap Fund is managed by Rohit Singhania and Nilesh Aiya at DSP.

How is DSP Large & Mid Cap Fund taxed?

DSP Large & Mid 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.