March 26, 2026
RA Jainee
DSP Focused Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 54.1 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 34.98 |
| Min. Investment (Rs.) | 100 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY 500 TRI |
| AUM Rs. | 2,607 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.98% |
| 1 Year Return (%) | -5.23 |
| 3 Year Return (%) | 16.65 |
| 5 Year Return (%) | 11.55 |
| 10 Year Return (%) | 12.55 |
| Return Since Launch | 12.51% |
⚖️ Sahifund Review – DSP Focused Fund ✔
PLUS: Stability, track record, cost efficiency
✓ Long operating history with 10-year return of 12.55% and steady wealth creation across cycles.
✓ Strong 3-year return of 16.65% shows the fund can still deliver when stock selection works well.
✓ Focused portfolio of 29 stocks allows high-conviction investing rather than over-diversification.
✓ Backed by DSP Mutual Fund, which adds fund house credibility and process comfort.
✓ Portfolio valuations (P/E 22.72) are not excessively stretched for an actively managed focused fund.
✓ Suitable for SIP investors who prefer a concentrated equity strategy over broad diversified funds.
MINUS: Large AUM, large-cap bias, momentum lag
⚖️ 1-year return of -5.23% is weak, showing recent momentum has been disappointing.
⚖️ Has underperformed benchmark and category over 1-year, 5-year and 10-year periods.
⚖️ Expense ratio of 0.98% is on the higher side compared to stronger focused/flexi-cap peers.
⚖️ Large-cap tilt (66%) reduces alpha potential when broader markets outperform.
⚖️ Top 10 holdings account for 49%, so stock-specific mistakes can impact performance meaningfully.
⚖️ Despite long history, it currently lacks the return edge needed to stand out in a competitive category.
Sahifund View (Decisive Line):
A credible focused fund with decent structure — but at present, it is more a hold/watch fund than a top-conviction fresh SIP pick.
👉 Apply Online | Ask Us MF Queries |
| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Flexi-cap funds are suitable for investors:
1. Seeking exposure in a diversified set of stocks for high returns
2. Aiming for long-term wealth creation
3. With a 5+ year investment horizon
4. Who are at ease with the market’s ups and downs
Note:
• Invest only through SIP
Fund’s Investment Strategy:
The scheme portfolio will largely consist of companies, which are amongst the top 200 companies by market capitalisation. The portfolio will limit exposure to companies beyond the top 200 companies by market capitalization upto 20% of the net asset value. The scheme will also have at least 95% of the invested amount across the top 25 holdings in the portfolio which excludes debt & money market securities.
Fund Manager:
1) Bhavin Gandhi
Education: Mr. Gandhi has done CFA and CA
Experience: Prior to joining DSP Mutual Fund, he has worked with CRISIL and Batlivala and Karani Securities.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 1 month |
Basic Details of DSP Focused Fund
| Fund House | DSP Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 12.51% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 2,607 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.98% |
| (As on 28-Feb-2026) | |
| Risk Grade | Average |
| Return Grade | Average |
| Turnover | 29.00% |
DSP Focused Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| DSP Focused Dir | -14.10 | -2.75 | -13.32 | -14.67 | -12.17 | -5.23 | 16.65 | 11.55 | 12.52 | 12.55 |
| BSE 500 TRI | -13.43 | -3.13 | -12.05 | -13.50 | -11.36 | -2.27 | 13.51 | 11.69 | 12.91 | 13.68 |
| Equity: Flexi Cap | -12.58 | -3.07 | -11.64 | -12.98 | -11.56 | -1.99 | 14.52 | 12.30 | 13.13 | 13.92 |
| Rank within category | 104 | 19 | 114 | 104 | 71 | 84 | 19 | 34 | 26 | 27 |
| Number of funds in category | 115 | 119 | 117 | 114 | 108 | 97 | 74 | 58 | 45 | 36 |
Peer Comparison of DSP Focused Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| DSP Focused Dir | 3 star | -5.23 | 16.65 | 11.55 | 0.98 | 2,607 | 12.51 | 1.00 (30) | 13Y 2M | 29.00 |
| Parag Parikh Flexi Cap Dir | 5 star | 0.86 | 17.99 | 16.45 | 0.63 | 1,34,253 | 18.31 | 2.00 (365) | 12Y 10M | 15.37 |
| HDFC Flexi Cap Dir | 5 star | 0.68 | 19.16 | 18.51 | 0.70 | 1,00,455 | 15.57 | 1.00 (365) | 13Y 2M | 9.45 |
| SBI Focused Dir | 4 star | 5.95 | 16.88 | 13.75 | 0.73 | 43,311 | 14.79 | 0.25 (30) | 13Y 2M | 33.00 |
| HDFC Focused Dir | 5 star | 0.02 | 18.98 | 20.10 | 0.63 | 27,136 | 14.46 | 1.00 (365) | 13Y 2M | 10.36 |
DSP Focused Fund Portfolio
| No. of Stocks | 29 |
| Top 10 Stocks | 49.39% |
| Top 5 Stocks | 29.80% |
| Top 3 Sectors | 63.51% |
| Portfolio P/B Ratio | 3.48 |
| Portfolio P/E Ratio | 22.72 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,63,414 | 1,80,281 |
| Giant (%) | — | — |
| Large (%) | 66.04 | 62.49 |
| Mid (%) | 16.26 | 21.89 |
| Small (%) | 17.70 | 15.99 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
Quicklinks
- Chanakyanipothi.com
- Staffavailable.com
- BigGaddi.com
- Latest IPO GMP
- Best Stocks to buy today
- Grey Market Premium
- Upcoming IPOs
- Subscription Status