DSP Midcap Fund Direct Growth

DSP Midcap Fund Direct Growth

Equity

Direct

Mid-Cap

NAV as on 02-12-2024

₹ 162.03

0.6%

1D

Inception Returns

19%

/yr

About DSP Midcap Fund Direct Growth

DSP Midcap Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Abhishek Ghosh, Vinit Sambre. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. DSP Midcap Fund Direct Growth has ₹19015 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
  2. The fund has an expense ratio 0.8.

Returns

DSP Midcap Fund Direct Growth has given a CAGR return of 18.95% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 31.94%, 19.28% and 22.05% respectively.

Holdings

DSP Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Industrial, Financial Services, Basic Materials, Tech, Health, Consumer Defensive, Energy, Real Estate, Utilities, Communication. Its top holdings are Coforge Ltd, Ipca Laboratories Ltd, Bharat Forge Ltd, Max Financial Services Ltd, Coromandel International Ltd

Taxation

As it is a mid-cap mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of DSP Midcap Fund Direct Growth

The primary investment objective is to seek to generate long term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities of midcap companies. From time to time, the fund manager will also seek participation in other equity and equity related securities to achieve optimal portfolio construction. There is no assurance that the investment objective of the Scheme will be realized.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. DSP Midcap Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
8483 people have invested ₹ 4.4Cr in DSP Midcap Fund Direct Growth in the last three months

INDmoney Rank for DSP Midcap Fund Direct Growth

Powered by IND quant engine
18
/19
13% Performance
23% Risk Management
70% Cost
18 out of 19 among mid-cap
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Beats FD returns for both 3Y & 5Y
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Has not generated consistent returns
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Does not beat the benchmark consistently
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Higher probablity of downside risk

DSP Midcap Fund Direct Growth Overview

Expense ratio0.75%
Benchmark
S&P BSE Midcap TR INR
AUM₹19015 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
22.18%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (02-Dec-24)

Period
DSP Midcap Fund Direct Growth
Nifty Midcap 150
mid-cap
1M
1.9%
0.4%
0.4%
3M
-2.3%
-3.5%
-2.8%
6M
11.1%
9.3%
10.1%
1Y
31.9%
31.1%
35.7%
3Y
19.3%
22.6%
22.9%
5Y
22%
27.4%
26.2%

Fund Distribution

as on (31-Oct-24)

  • Equity 95.7%

  • Debt & Cash 4.3%

Mid cap
68.9%

Small cap
18.4%

Large cap
8.3%

Sector Allocation

Oct'24

Sep'24

Aug'24

Consumer Cyclical
19.4%
Industrial
18.5%
Financial Services
16.2%
Basic Materials
15.8%
Tech
9.9%
Health
9.4%
Consumer Defensive
3.3%
Energy
2.8%
Real Estate
2.6%
Utilities
2.2%
Communication
0%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-5.62%
1.41%
1.02%
Nifty Midcap 150
-6.72%
2.05%
1.01%
  • This fund’s returns stands at -5.62% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -6.72% as on Oct'24
  • This fund outperformed Nifty Midcap 150 by 1.10% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 19K Cr
₹ 20.2K Cr
₹ 20.1K Cr
  • AUM of the fund stands at 19K Cr as of Oct'24
  • AUM decreased by 1.2K Cr between Oct'24 and Sep'24
Top Stocks bought last month
KPIT Technologies Ltd's allocation increased from 0.23% to 1.24%
KPIT Technologies Ltd's allocation increased from 0.23% to 1.24%
Coforge Ltd's allocation increased from 3.78% to 4.38%
Coforge Ltd's allocation increased from 3.78% to 4.38%
Max Financial Services Ltd's allocation increased from 2.62% to 3.01%
Max Financial Services Ltd's allocation increased from 2.62% to 3.01%
Top Stocks sold last month
Ipca Laboratories Ltd's allocation decreased from 5.26 % to 3.6 %
Ipca Laboratories Ltd's allocation decreased from 5.26 % to 3.6 %
AU Small Finance Bank Ltd's allocation decreased from 3.25 % to 2.86 %
AU Small Finance Bank Ltd's allocation decreased from 3.25 % to 2.86 %
Power Finance Corp Ltd's allocation decreased from 2.8 % to 2.77 %
Power Finance Corp Ltd's allocation decreased from 2.8 % to 2.77 %
Small Cap allocation has gone down from 18.8% to 18.4%
Small Cap allocation has gone down from 18.8% to 18.4%
Mid Cap allocation has gone up from 67.3% to 68.9%
Mid Cap allocation has gone up from 67.3% to 68.9%
Large Cap allocation has gone down from 9.1% to 8.3%
Large Cap allocation has gone down from 9.1% to 8.3%
Cash allocation has gone down from 4.9% to 4.3%
Cash allocation has gone down from 4.9% to 4.3%

Top 3 Sectors in October were Consumer Cyclical, Industrial & Financial Services

Oct'24
Consumer Cyclical
19%
Industrial
18%
Financial Services
16%
Sep'24
Consumer Cyclical
20%
Industrial
20%
Financial Services
16%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
59
61
60
Top 5 Company Concentration
17.2%
16.1%
16.2%
Company having highest exposure
Coforge Ltd (4.4%)
Coforge Ltd (3.8%)
Coforge Ltd (3.5%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
79.8%
79.3%
79.2%
Sector having highest exposure
Consumer Cyclical (19.4%)
Consumer Cyclical (19.7%)
Industrial (21.3%)
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Abhishek Ghosh
Abhishek Ghosh
Fund Manager of DSP Midcap Fund Direct Growth, since 1 September 2022
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
DSP Midcap Fund Direct Plan Growth
19.28%
22.92%
Vinit Sambre
Vinit Sambre
Fund Manager of DSP Midcap Fund Direct Growth, since 1 July 2012
Fund House
DSP Asset Managers Private Limited
Total Schemes
Total AUM
₹1.28L Cr
as on 30-Sep-2023
Address
India
Phone
91-22-66578000
Website
service@dspblackrock.com

Mutual Fund Insights

Insights icon
Over the last 1 month, this fund has increased expense ratio by 7.1% moving from 0.70 to 0.75.
Insights icon
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 34.3% return, outperforming this fund by 12.26% per annum.
Insights icon
Over the last 1 month, this fund has experienced a 6.0% drop in AUM moving from 20.23K Cr to 19.01K Cr.
Insights icon
In the last 1 year, Motilal Oswal Midcap Direct Growth has given 63.94% return, outperforming this fund by 32%.
Insights icon
This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 0.75% which is lower than the category average expense ratio of 1.14%.
Insights icon
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 37.5% return, outperforming this fund by 18.22% per annum.

DSP Midcap Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 18.95% since inception which is less than its category average return of 19.53%
Fund Allocations

Fund Allocations

This fund has an allocation of 95.67% in Equity, 0% in Debt and 4.33% in Cash related instruments
AUM size ₹19015 Cr

AUM size ₹19015 Cr

This fund has AUM of ₹19015 Cr which is more than its category average of ₹ 9389 Cr
Expense Ratio 0.75%

Expense Ratio 0.75%

This fund has an expense ratio of 0.75% which is less than its category average expense ratio of 1.37%

Frequently Asked Questions for DSP Midcap Fund Direct Growth

The current NAV of DSP Midcap Fund Direct Growth is ₹162.03 as on 02-Dec-2024.
Existing (Absolute + CAGR) as on 02-Dec-2024.
DSP Midcap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.87%
1.87%
6 Month Returns
11.11%
11.11%
1 Year Returns
31.94%
31.94%
3 Years Returns
69.72%
19.28%
5 Years Returns
170.79%
22.05%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.75% as on November 2024
₹19015 Cr as on November 2024
Coforge Ltd(4.38%), Ipca Laboratories Ltd(3.6%), Bharat Forge Ltd(3.29%), Max Financial Services Ltd(3.01%), Coromandel International Ltd(2.89%) as on November 2024
Consumer Cyclical(18.53%), Industrial(17.68%), Financial Services(15.48%) as on November 2024
The alpha ratio for the DSP Midcap Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
DSP Midcap Fund Direct Growth
0.33
-3.1
-2.06
As on November 2024
The alpha for DSP Midcap Fund Direct Growth is calculated against S&P BSE Midcap TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the DSP Midcap Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
DSP Midcap Fund Direct Growth
0.94
0.93
0.85
As on November 2024
The Beta for DSP Midcap Fund Direct Growth is calculated with S&P BSE Midcap TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the DSP Midcap Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
DSP Midcap Fund Direct Growth
1.42
0.82
0.87
As on November 2024
The sharpe ratio for DSP Midcap Fund Direct Growth is calculated with S&P BSE Midcap TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the DSP Midcap Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
DSP Midcap Fund Direct Growth
14.8
15.35
19.27
As on November 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.54 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Abhishek Ghosh, Vinit Sambre are the fund managers of DSP Midcap Fund Direct Growth
The Exit load of DSP Midcap Fund Direct Growth is 1%