DSP Midcap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV as on 19-11-2024
₹ 156.6
▲1%
1D
Inception Returns
18.7%
/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, Resham Jain, Abhishek Ghosh, Vinit Sambre. The fund could potentially beat inflation in the long-run.
Key Parameters
- DSP Midcap Fund Direct Growth has ₹19015 Cr worth of assets under management (AUM) as on Oct 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 18.71% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 30.67%, 16.08% and 21.42% 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 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
▲
▼
8497 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
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 | 0.75% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹19015 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 (19-Nov-24)
Fund Distribution
as on (31-Oct-24)
Mid cap
68.9%
Small cap
18.4%
Large cap
8.3%
Sector Allocation
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
- 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
- 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%
Coforge Ltd's allocation increased from 3.78% to 4.38%
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 %
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 %
Mid Cap allocation has gone up from 67.3% to 68.9%
Large Cap allocation has gone down from 9.1% to 8.3%
Small Cap allocation has gone down from 18.8% to 18.4%
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%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Coforge Ltd | 18.9% |
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Jay Kothari
Fund Manager of DSP Midcap Fund Direct Growth, since 16 March 2018
Top funds managed
Resham Jain
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
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 1 year, Motilal Oswal Midcap Direct Growth has given 59.09% return, outperforming this fund by 28.41%.
Over the last 1 month, this fund has experienced a 6.0% drop in AUM moving from 20.23K Cr to 19.01K Cr.
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%.
Over the last 1 month, this fund has increased expense ratio by 7.1% moving from 0.70 to 0.75.
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 33.16% return, outperforming this fund by 11.73% per annum.
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 33.45% return, outperforming this fund by 17.37% 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 18.71% since inception which is less than its category average return of 18.83%
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
This fund has AUM of ₹19015 Cr which is more than its category average of ₹ 9389 Cr
Expense Ratio 0.75%
This fund has an expense ratio of 0.75% 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 ₹156.6 as on 19-Nov-2024.
Existing (Absolute + CAGR) as on 19-Nov-2024.
DSP Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -5.85% | -5.85% |
6 Month Returns | 9.67% | 9.67% |
1 Year Returns | 30.67% | 30.67% |
3 Years Returns | 56.41% | 16.08% |
5 Years Returns | 163.95% | 21.42% |
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 October 2024
₹19015 Cr as on October 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 October 2024
Consumer Cyclical(18.53%), Industrial(17.68%), Financial Services(15.48%) as on October 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 | -0.68 | -4.3 | -2.48 |
As on October 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 | 0.99 | 0.94 | 0.85 |
As on October 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 | 1.81 | 0.71 | 0.87 |
As on October 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 | 16.83 | 15.62 | 19.28 |
As on October 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 1.32 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Jay Kothari, Resham Jain, 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%