DSP Midcap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV as on 21-10-2024
₹ 163.58
1D
Inception Returns
19.5%
/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 Jay Kothari, Abhishek Ghosh, Vinit Sambre, Resham Jain. The fund could potentially beat inflation in the long-run.
Key Parameters
- DSP Midcap Fund Direct Growth has ₹20237 Cr worth of assets under management (AUM) as on Sep 2024 and is more than category average.
- The fund has an expense ratio 0.7.
Returns
DSP Midcap Fund Direct Growth has given a CAGR return of 19.47% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 42.82%, 16.68% and 23.62% 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, AU Small Finance Bank Ltd, Ipca Laboratories Ltd, Bharat Forge 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 benefitDividends 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
▲
▼
8736 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
19
/19
11% Performance
18% Risk Management
72% Cost
19 out of 19 among mid-cap
Beats FD returns for both 3Y & 5Y
Has not generated consistent returns
Does not beat the benchmark consistently
Higher probablity of downside risk
DSP Midcap Fund Direct Growth Overview
| Expense ratio | 0.74% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹20237 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 22.18% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (21-Oct-24)
Fund Distribution
as on (30-Sep-24)
Mid cap
67.3%
Small cap
18.8%
Large cap
9.1%
Sector Allocation
Consumer Cyclical
19.7%
Industrial
19.5%
Financial Services
16%
Basic Materials
14.3%
Tech
9.9%
Health
8.9%
Consumer Defensive
3.7%
Energy
3.1%
Real Estate
2.7%
Utilities
2.3%
Communication
0%
All changes are between Jul'24 and Sep'24
- This fund’s returns stands at 1.41% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at 2.05% as on Sep'24
- This fund underperformed Nifty Midcap 150 by 0.64% in Sep'24
- AUM of the fund stands at 20.2K Cr as of Sep'24
- AUM increased by 168.6 Cr between Sep'24 and Aug'24
Top Stocks bought last month
Kirloskar Oil Engines Ltd's allocation increased from 0.45% to 0.99%
Gujarat Fluorochemicals Ltd Ordinary Shares's allocation increased from 0.91% to 1.42%
Coforge Ltd's allocation increased from 3.45% to 3.78%
Top Stocks sold last month
Ipca Laboratories Ltd's allocation decreased from 3.23 % to 3.19 %
Bharat Forge Ltd's allocation decreased from 3.2 % to 3.03 %
Coromandel International Ltd's allocation decreased from 3.11 % to 2.86 %
Mid Cap allocation has gone down from 70.8% to 67.3%
Large Cap allocation has gone down from 9.8% to 9.1%
Small Cap allocation has gone up from 16.7% to 18.8%
Cash allocation has gone up from 2.7% to 4.9%
Top 3 Sectors in September were Industrial, Consumer Cyclical & Financial Services
Sep'24
Consumer Cyclical
20%
Industrial
20%
Financial Services
16%
Aug'24
Industrial
21%
Consumer Cyclical
18%
Financial Services
16%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Gujarat Fluorochemicals Ltd | 12.7% |
 Coforge Ltd | 4.3% |
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Jay Kothari
Fund Manager of DSP Midcap Fund Direct Growth, since 16 March 2018
Top funds managed
Abhishek Ghosh
Fund Manager of DSP Midcap Fund Direct Growth, since 1 September 2022
Top funds managed
Vinit Sambre
Fund Manager of DSP Midcap Fund Direct Growth, since 1 July 2012
Top funds managed
Resham Jain
Fund Manager of DSP Midcap Fund Direct Growth, since 16 March 2018
Top funds managed
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
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 37.11% return, outperforming this fund by 13.49% per annum.
Over the last 6 months, this fund has experienced a 26.7% growth in AUM moving from 15.96K Cr to 20.23K Cr.
In the last 1 year, Motilal Oswal Midcap Direct Growth has given 72.21% return, outperforming this fund by 29.39%.
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 34.98% return, outperforming this fund by 18.31% per annum.
This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 0.74% which is lower than the category average expense ratio of 1.13%.
Over the last 1 month, this fund has increased expense ratio by 5.7% moving from 0.70 to 0.74.
DSP Midcap Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 19.47% since inception which is less than its category average return of 20.12%
Fund Allocations
This fund has an allocation of 95.12% in Equity, 0% in Debt and 4.88% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is more than its category average of ₹ 9762 Cr
Expense Ratio 0.74%
This fund has an expense ratio of 0.74% which is less than its category average expense ratio of 1.36%
Frequently Asked Questions for DSP Midcap Fund Direct Growth
The current NAV of DSP Midcap Fund Direct Growth is ₹163.58 as on 21-Oct-2024.
Existing (Absolute + CAGR) as on 21-Oct-2024.
DSP Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -0.69% | -0.69% |
6 Month Returns | 25.84% | 25.84% |
1 Year Returns | 42.82% | 42.82% |
3 Years Returns | 58.84% | 16.68% |
5 Years Returns | 188.75% | 23.62% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
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- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.74% as on September 2024
₹20237 Cr as on September 2024
Coforge Ltd(3.78%), AU Small Finance Bank Ltd(3.25%), Ipca Laboratories Ltd(3.19%), Bharat Forge Ltd(3.03%), Coromandel International Ltd(2.86%) as on September 2024
Consumer Cyclical(18.7%), Industrial(18.55%), Financial Services(15.2%) as on September 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 | -1.82 | -4.63 | -2.47 |
As on September 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 | 1.02 | 0.95 | 0.85 |
As on September 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 | 2.09 | 0.88 | 0.98 |
As on September 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 | 15.64 | 15.07 | 19 |
As on September 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 1.72 as on September 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Jay Kothari, Abhishek Ghosh, Vinit Sambre, Resham Jain are the fund managers of DSP Midcap Fund Direct Growth
The Exit load of DSP Midcap Fund Direct Growth is 1%