FoFFoF DomesticDirectIDCWVery High

DSP Multi Asset Omni Fund of Funds

Q: What is the NAV of DSP Multi Asset Omni Fund of Funds?

As of 01 Oct 2026, the NAV of DSP Multi Asset Omni Fund of Funds is ₹9.72 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has DSP Multi Asset Omni Fund of Funds delivered?

DSP Multi Asset Omni Fund of Funds has returned -3.11% 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 Multi Asset Omni Fund of Funds?

DSP Multi Asset Omni Fund of Funds charges an expense ratio of 0.51% 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 Multi Asset Omni Fund of Funds?

DSP Multi Asset Omni Fund of Funds's largest holdings are DSP Gilt Fund (21.2%), DSP Nifty IT ETF (14.5%), DSP Nifty Private Bank ETF (12.3%), DSP Gold ETF (10.0%) and Nippon India Large Cap Fund (8.7%). Holdings are disclosed monthly and change over time.

Q: How risky is DSP Multi Asset Omni Fund of Funds?

DSP Multi Asset Omni Fund of Funds is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 9.7% and its worst peak-to-trough fall in our sample was -6.6%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of DSP Multi Asset Omni Fund of Funds?

DSP Multi Asset Omni Fund of Funds is benchmarked against the 55% Nifty 500 TRI + 15% Domestic price of Gold + 5% Domestic price of Silver + 25% NIFTY Composite Debt Index. Its alpha and beta on this page are measured against that index.

Q: Who manages DSP Multi Asset Omni Fund of Funds?

DSP Multi Asset Omni Fund of Funds is managed by Anil Ghelani and Diipesh Shah at DSP.

Q: How is DSP Multi Asset Omni Fund of Funds taxed?

DSP Multi Asset Omni Fund of Funds is a non-equity fund (a fund-of-funds, gold, international or balanced-hybrid scheme). Since FY 2025-26 it's no longer taxed like a pure-debt fund: gains on units held more than 2 years are long-term, taxed at 12.5% (no indexation, no ₹1.25 lakh exemption); units held 2 years or less are taxed at your income-tax slab rate.

DSP Mutual Fund · Best Domestic Fund of Funds

NAV

₹9.72

-0.28% 1D

as of 01 Oct 2026

This is the Direct plan of DSP Multi Asset Omni Fund of Funds — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

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Performance

-3.11%absolute

52-week rangePrev NAV ₹9.74

Latest ₹9.72

Low ₹9.3738th percentile of its 52-week rangeHigh ₹10.29

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.51%

Category —

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

—

Category —

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

—

Category —

Scheme Info

Definitions

Plan

Direct · IDCW

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

None

1% if redeemed within 1 Month Note: No exit load shall be levied In case of switch of investments from Direct Plan to Regular Plan and vice versa

1.00%

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

55% Nifty 500 TRI + 15% Domestic price of Gold + 5% Domestic price of Silver + 25% NIFTY Composite Debt Index

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.

26 Feb 2026

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

Definitions

Absolute return over the last 1 month (not annualized)

-4.61%

Absolute return over the last 3 months (not annualized)

-1.32%

Absolute return over the last 6 months (not annualized)

+3.22%

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

-3.11%

Annualized returns (≥1Y — CAGR)

Definitions

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

—

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

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.

-3.11%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

9.74%

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

—

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

—

Largest peak-to-trough decline over full history

-6.56%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

—

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

—

How much of the fund's movement Nifty 500 TRI explains

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

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

—

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

—

Computed vs the Nifty 500 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 (FoF Domestic)

Period	Fund	Category avg.	Diff
1M abs	-4.61%	—	—
3M abs	-1.32%	—	—
6M abs	+3.22%	—	—
1Y CAGR	—	—	—
3Y CAGR	—	—	—
5Y CAGR	—	—	—

Category average across peers in FoF Domestic, 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.

Monthly investment (₹)

Period

Invested

₹70.00K

Current value

₹69.10K

Absolute

-1.29%

XIRR

-5.05%

Value vs. invested

ValueInvested

7 monthly installments of ₹10,000 into DSP Multi Asset Omni Fund of Funds, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Recent changes

Expense-ratio, fund-manager, exit-load and minimum-investment changes we've picked up in the last 30 days.

Fund manager change — Neha Rathi stepped away
05 Oct 2026
Fund manager change — now managed by Neha Rathi
05 Oct 2026
Fund manager change — Neha Rathi stepped away
25 Sep 2026

History points

145

Expense ratio

0.51%

AUM

₹773.23Cr

Exit load

1% if redeemed within 1 Month Note: No exit load shall be levied In case of switch of investments from Direct Plan to Regular Plan and vice versa

Taxation

Taxed as non-equity

This is a non-equity fund — a fund-of-funds, gold/silver, international or balanced-hybrid scheme. It isn't equity-oriented, but since FY 2025-26 it's no longer taxed like a pure-debt fund either: gains held over 2 years get the 12.5% long-term rate; shorter holdings are taxed at your income-tax slab rate.

Short-term

30%

Held under 2 years

Added to your income at your slab rate

Long-term (LTCG)

12.5%

Held 2 years or more

No indexation, no ₹1.25 L exemption

Your income-tax slab

Sets the short-term (slab-rate) figure above.

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 · FoF Domestic

Compare all


DSP Multi Asset Omni Fund of FundsThis fund DSP · Direct · IDCW	—	—	—	—	—	0.51%	₹773.23Cr
Axis Silver Fund of Fund Axis · Direct · IDCW	—	+51.54%	+46.04%	—	—	0.14%	₹1,209Cr
Nippon India Silver ETF FOF Nippon India · Direct · IDCW	—	+49.82%	+45.66%	—	—	0.22%	₹4,544Cr
ICICI Prudential Silver ETF FOF ICICI Prudential · Direct · IDCW	—	+50.69%	+45.04%	—	—	0.20%	₹6,532Cr
Aditya Birla Sun Life Silver ETF FOF Aditya Birla Sun Life · Direct · IDCW	—	+49.68%	+44.86%	—	—	0.32%	₹1,306Cr
Edelweiss Gold and Silver ETF FOF Edelweiss · Direct · IDCW	—	+33.74%	+38.99%	—	—	0.20%	₹3,034Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Other98.75%
Cash & Equivalents1.25%

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.

-6.6%26 Feb 2026 → 23 Mar 2026
Fell over 25 days, back to the old high on 07 Jul 2026 — 3 months under water after the low.
-5.5%11 Aug 2026 → 01 Oct 2026
Still below that high — 2 months down, and no recovery yet.

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

AGAnil GhelaniManaging since 25 Feb 2026

Education

Chartered Financial Analyst (CFA Institute USA) Chartered Accountant (ICAI India) B. Com. (H. R. College University of Mumbai)

Experience

Over 27 years of experience as under: From April 01, 2023 till date - DSP BSE Sensex Next 30 DSPAM – Head of Passive Investments & Products. From April 16, 2018 to March 31, 2023 - DSPIM – Head of Passive Investments Products. From January 2013 to April Liquid ETF 2018, DSP Pension Fund Managers Pvt. Ltd. - Business Head & Chief Investment Officer From December 2014 to April 15, 2018 - DSPIM – Senior Vice President, Products & Passive Investments From January 2006 December 2012 - DSPIM – Head of Risk & Quantitative Analysis ETF (RQA) From July 2003 to December 2005 - DSPIM - AVP - Fund Administration From February 2003 to July 2003 - IL&FS Asset Management Company - Asst. Manager – Fund Operations From February 2000 to January 2003 - S. R. Batliboi (member firm of Ernst & Young) – CA articleship till Jan DSP Nifty Smallcap250 2002 Executive from Feb 2002 From August 1998 to June 2000 - V. C. Shah & Co., Chartered Accountants - CA articleship

Funds managed (37)

All schemes Anil Ghelani runs →

DSDiipesh ShahManaging since 25 Feb 2026

Education

Candidate of the CFA Program, CFA Institute DSPAM USA, Level I Cleared

Experience

Over 22 years of experience as under: From April 2023 till date - DSP – ETF Weight Index Fund, I and Passive Investments. From November 1, 2020 to March 31, 2023- DSPIM – Fund Manager – ETF and Passive Investments. From September 2019 October 2020 - DSPIM – Dealer – ETF and Passive Investments. From August 2018 to September, 2019 - JM Financial Institutional DSP Broking Limited as Institutional Equity Sales Trading. From June 2014 to July 2018 - Centrum Boking Limited as Institutional Fund, Equity Sales Trading. From September 2013 to June 2014 - JM Financial Institutional Broking Limited as Institutional ETF, Equity Sales Trading. From January 2011 to August 2013 - IDFC Securities Limited as Institutional Equity Sales Trading From July 2010 to September 2010 - Kotak Securities Limited as Institutional Equity Sales Trading

Funds managed (26)

All schemes Diipesh Shah runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and 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.

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Fund managers

Anil Ghelani Diipesh Shah

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.

Frequently asked questions

What is the NAV of DSP Multi Asset Omni Fund of Funds?

As of 01 Oct 2026, the NAV of DSP Multi Asset Omni Fund of Funds is ₹9.72 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has DSP Multi Asset Omni Fund of Funds delivered?

DSP Multi Asset Omni Fund of Funds has returned -3.11% 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 Multi Asset Omni Fund of Funds?

DSP Multi Asset Omni Fund of Funds charges an expense ratio of 0.51% 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 Multi Asset Omni Fund of Funds?

DSP Multi Asset Omni Fund of Funds's largest holdings are DSP Gilt Fund (21.2%), DSP Nifty IT ETF (14.5%), DSP Nifty Private Bank ETF (12.3%), DSP Gold ETF (10.0%) and Nippon India Large Cap Fund (8.7%). Holdings are disclosed monthly and change over time.

How risky is DSP Multi Asset Omni Fund of Funds?

DSP Multi Asset Omni Fund of Funds is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 9.7% and its worst peak-to-trough fall in our sample was -6.6%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of DSP Multi Asset Omni Fund of Funds?

DSP Multi Asset Omni Fund of Funds is benchmarked against the 55% Nifty 500 TRI + 15% Domestic price of Gold + 5% Domestic price of Silver + 25% NIFTY Composite Debt Index. Its alpha and beta on this page are measured against that index.

Who manages DSP Multi Asset Omni Fund of Funds?

DSP Multi Asset Omni Fund of Funds is managed by Anil Ghelani and Diipesh Shah at DSP.

How is DSP Multi Asset Omni Fund of Funds taxed?

DSP Multi Asset Omni Fund of Funds is a non-equity fund (a fund-of-funds, gold, international or balanced-hybrid scheme). Since FY 2025-26 it's no longer taxed like a pure-debt fund: gains on units held more than 2 years are long-term, taxed at 12.5% (no indexation, no ₹1.25 lakh exemption); units held 2 years or less are taxed at your income-tax slab rate.