DSP Midcap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV as on 20-12-2024
₹ 160.47
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
- DSP Midcap Fund Direct Growth has ₹19216 Cr worth of assets under management (AUM) as on Nov 2024 and is more than category average.
- The fund has an expense ratio 0.8.
Returns
DSP Midcap Fund Direct Growth has given a CAGR return of 19.01% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 26.50%, 19.46% and 22.31% 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, Coromandel International Ltd, Power Finance Corp 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
▲
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8465 people have invested ₹ 4.3Cr in DSP Midcap Fund Direct Growth in the last three months
INDmoney Rank for DSP Midcap Fund Direct Growth
Powered by IND quant engine
17
/19
11% Performance
26% Risk Management
68% Cost
17 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 | 0.77% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹19216 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 22.18% |
| STCG | Selling mutual fund 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 (20-Dec-24)
Fund Distribution
as on (30-Nov-24)
Mid cap
68.8%
Small cap
17.9%
Large cap
8.3%
Sector Allocation
Consumer Cyclical
19.6%
Industrial
18.4%
Financial Services
15.9%
Basic Materials
15.8%
Tech
10.2%
Health
9.2%
Consumer Defensive
3.3%
Energy
2.8%
Real Estate
2.8%
Utilities
2.1%
Communication
0%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at 1.04% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -0.54% as on Nov'24
- This fund outperformed Nifty Midcap 150 by 1.59% in Nov'24
- AUM of the fund stands at 19.2K Cr as of Nov'24
- AUM increased by 200.5 Cr between Nov'24 and Oct'24
Top Stocks bought last month
Coforge Ltd's allocation increased from 4.38% to 4.93%
Schaeffler India Ltd's allocation increased from 1.52% to 1.97%
Supreme Industries Ltd's allocation increased from 2.51% to 2.81%
Top Stocks sold last month
Ipca Laboratories Ltd's allocation decreased from 5.26 % to 3.46 %
Bharat Forge Ltd's allocation decreased from 3.29 % to 3.07 %
AU Small Finance Bank Ltd's allocation decreased from 2.86 % to 2.7 %
Mid Cap allocation has gone down from 68.9% to 68.8%
Large Cap allocation has gone down from 8.3% to 8.3%
Small Cap allocation has gone down from 18.4% to 17.9%
Cash allocation has gone up from 4.3% to 5.1%
Top 3 Sectors in November were Consumer Cyclical, Industrial & Financial Services
Nov'24
Consumer Cyclical
20%
Industrial
18%
Financial Services
16%
Oct'24
Consumer Cyclical
19%
Industrial
18%
Financial Services
16%
Top Growth Drivers | 1M Return |
|---|---|
 Dixon Technologies (India) Ltd | 27.2% |
 Coforge Ltd | 16.7% |
 Power Finance Corporation Ltd | 3.3% |
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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
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, Motilal Oswal Midcap Direct Growth has given 35.45% return, outperforming this fund by 13.14% per annum.
This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 0.77% which is lower than the category average expense ratio of 1.13%.
Over the last 3 months, this fund has experienced a 4.3% drop in AUM moving from 20.06K Cr to 19.21K Cr.
In the last 1 year, Motilal Oswal Midcap Direct Growth has given 61.44% return, outperforming this fund by 34.94%.
Over the last 3 months, this fund has increased expense ratio by 10.0% moving from 0.70 to 0.77.
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 38.5% return, outperforming this fund by 19.04% per annum.
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 19.01% since inception which is less than its category average return of 19.7%
Fund Allocations
This fund has an allocation of 94.92% in Equity, 0% in Debt and 5.08% in Cash related instruments
AUM size ₹19216 Cr
This fund has AUM of ₹19216 Cr which is more than its category average of ₹ 9584 Cr
Expense Ratio 0.77%
This fund has an expense ratio of 0.77% 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 ₹160.47 as on 20-Dec-2024.
Existing (Absolute + CAGR) as on 20-Dec-2024.
DSP Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.5% | 4.5% |
6 Month Returns | 5.17% | 5.17% |
1 Year Returns | 26.5% | 26.5% |
3 Years Returns | 70.49% | 19.46% |
5 Years Returns | 173.76% | 22.31% |
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).
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0.77% as on November 2024
₹19216 Cr as on November 2024
Coforge Ltd(4.93%), Ipca Laboratories Ltd(3.46%), Bharat Forge Ltd(3.07%), Coromandel International Ltd(3.07%), Power Finance Corp Ltd(2.99%) as on November 2024
Consumer Cyclical(18.64%), Industrial(17.44%), Financial Services(15.1%) 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%