DSP Midcap Fund Direct Growth

Equity
Direct
Mid-Cap
DSP Midcap Fund Direct Growth

About the Fund

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

  1. DSP Midcap Fund Direct Growth has ₹19137 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
  2. The fund has an expense ratio 0.7.

Returns

DSP Midcap Fund Direct Growth has given a CAGR return of 19.37% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 48.79%, 18.98% and 23.54% respectively.

Holdings

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

Fund Performance
zero opening, trading, fund transfer fee
7924 people have invested ₹ 4.4Cr in DSP Midcap Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
19
/19
27% Performance
17% Risk Management
67% Cost
19 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

Fund Overview

Expense ratio0.73%
Benchmark
S&P BSE Midcap TR INR
AUM₹19137 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load
1%
Lock InNo Lock-in
TurnOver
22.18%
Risk
Risk meter
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Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 96%

  • Debt & Cash 4%

Mid cap
69.3%

Small cap
17.3%

Large cap
9.5%

Sector Allocation

Jun'24

May'24

Apr'24

Industrial
23.3%
Consumer Cyclical
18.9%
Financial Services
14.9%
Basic Materials
14.8%
Tech
8.4%
Health
8.3%
Consumer Defensive
3.6%
Real Estate
3.3%
Utilities
2.6%
Energy
2%
Communication
0%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

Jay Kothari
Jay Kothari
Fund Manager of DSP Midcap Fund Direct Growth, since 16 March 2018
Abhishek Ghosh
Abhishek Ghosh
Fund Manager of DSP Midcap Fund Direct Growth, since 1 September 2022
Top funds managed
Vinit Sambre
Vinit Sambre
Fund Manager of DSP Midcap Fund Direct Growth, since 1 July 2012
Resham Jain
Resham Jain
Fund Manager of DSP Midcap Fund Direct Growth, since 16 March 2018
Top funds managed

Mutual Fund Insights

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In the last 3 years, Motilal Oswal Midcap Direct Growth has given 39.28% return, outperforming this fund by 20.3% per annum.
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Over the last 3 months, this fund has experienced a 19.8% growth in AUM moving from 15.96K Cr to 19.13K Cr.
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In the last 1 year, Quant Mid Cap Fund Growth Option Direct Plan has given 66.1% return, outperforming this fund by 17.31%.
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Over the last 3 months, this fund has decreased expense ratio by 9.9% moving from 0.81 to 0.73.
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This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 0.73% which is lower than the category average expense ratio of 1.14%.
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In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 38.59% return, outperforming this fund by 15.05% 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 19.37% since inception which is less than its category average return of 20.23%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.03% in Equity, 0% in Debt and 3.97% in Cash related instruments
AUM size ₹19137 Cr

AUM size ₹19137 Cr

This fund has AUM of ₹19137 Cr which is more than its category average of ₹ 8824 Cr
Expense Ratio 0.73%

Expense Ratio 0.73%

This fund has an expense ratio of 0.73% which is less than its category average expense ratio of 1.36%

Frequently Asked Questions

The current NAV of DSP Midcap Fund Direct Growth is ₹157.58 as on 19-Jul-2024.
Existing (Absolute + CAGR) as on 19-Jul-2024.
DSP Midcap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.27%
1.27%
6 Month Returns
19.91%
19.91%
1 Year Returns
48.79%
48.79%
3 Years Returns
68.42%
18.98%
5 Years Returns
187.79%
23.54%
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.
0.73% as on June 2024
₹19137 Cr as on June 2024
Bharat Forge Ltd(3.59%), Supreme Industries Ltd(3.3%), Phoenix Mills Ltd(3.19%), Ipca Laboratories Ltd(3.05%), Coromandel International Ltd(2.98%) as on June 2024
Industrial(22.37%), Consumer Cyclical(18.17%), Financial Services(14.28%) as on June 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
-4.71
-5.69
-1.72
As on June 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
1.05
0.93
0.84
As on June 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
2.33
0.9
0.88
As on June 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
15.78
14.92
19.37
As on June 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 1.75 as on June 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%