Fundalysisby DARKHORSESTOCKS

Fund manager · DSP

Aparna Karnik

Head - Quantitative Investments and Analytics Fund Manager at DSP. Runs 3 schemes worth ₹13,004 Cr.

  • Fund house

    DSPThey run their schemes at DSP.

  • AUM they run

    ₹13,004 CrThe AUM of the schemes they run, as main or co-manager, at the latest month's end, as AMFI reports it. A scheme two people run counts for both.

  • Schemes

    3 now · 1 beforeSchemes they run now, as main or co-manager, and ones they ran before, since Aug 2024.

  • Experience

    20 yearsOver 20 years of experience in credit research and risk management

Profile(DSP's SAI, 1 Oct 2026)

About

Role
Head - Quantitative Investments and Analytics Fund Manager
Studied
B.Com, M.M.S. (Mumbai University)
Age
47 years
Experience
Over 20 years of experience in credit research and risk management

Schemes now3

  1. DSP Multi Asset Allocation Fund₹10,820 Cr
  2. DSP Business Cycle Fund₹1,474 Cr
  3. DSP Quant Fund₹711 Cr

AUM they run(May 2022 – Sept 2026)

AUM at month end each month, and its change on the month before
12 months₹ CrChange
Sept 202613,004−1.7%
Aug 202613,227+3.6%
Jul 202612,769+5.2%
Jun 202612,138+2.9%
May 202611,794+2.5%
Apr 202611,509+8.7%
Mar 202610,591−1.9%
Feb 202610,801+9.3%
Jan 20269,886+14.3%
Dec 20258,647+12.0%
Nov 20257,720+8.7%
Oct 20257,102+10.6%
AUM at month end, Sept 2026
₹13,004 Cr
+83.1% since Oct 2025
Fig. 1.The AUM of the schemes Aparna Karnik ran at each month's end, each only in the months they ran it, ₹ crore. A scheme two people run counts in full for both. Source: AMFI.

Schemes over time(May 2022 – now)

  1. Quant Fund
  2. Value Fund
  3. Multi Asset Allocation Fund
  4. Business Cycle Fund
DSP2023202420252026
Fig. 1.The schemes they ran when, the oldest first: each from the date its fund house gives, or the first document listing them where it gives none, to when they left, coloured by fund house.

Schemes(May 2022 – now)

DSP

3 now · since May 2022
  1. DSP Multi Asset Allocation Fund
    Fund manager, equitySept 2023—3y 2m₹10,820 CrMulti Asset AllocationTER 0.62%
  2. DSP Business Cycle Fund
    Co-managerMay 2026—6m₹1,474 CrThematicTER 1.13%
  3. DSP Quant Fund
    Fund managerMay 2022—4y 6m₹711 CrThematicTER 1.12%

Source.Each scheme's Scheme Summary Document at AMFI and its filings at NSE.

Performance(4 schemes)

Growth · Direct plans

Return as manager
+17.02%
Beat peers
2 of 3
vs peers
+0.48 pt
Longest run
4.5 years
Beat benchmark
Upcoming
Each scheme Aparna Karnik ran, against its peers and benchmark over the same months. Source: AMFI. Click a column's header to sort by it.
DSP Value Fund
May '22–May '26 · 4.0y
+17.02%+16.54%+0.48 pt––
DSP Quant Fund
May '22–now · 4.5y
+6.24%+15.80%−9.57 pt––
DSP Multi Asset Allocation Fund
Sep '23–now · 3.0y
+17.35%+13.61%+3.74 pt––
DSP Business Cycle Fund
May '26–now · 0.5y
−3.84%+2.91%−6.75 pt––
Fig. 1.Each scheme Aparna Karnik ran, against its peers and benchmark over the same months. Source: AMFI.

Works with(3 now)

  1. Anish TawakleyBusiness Cycle Fund1 scheme
  2. Sandeep YadavBusiness Cycle Fund1 scheme
  3. Shantanu GodambeMulti Asset Allocation Fund1 scheme

Career(Aug 2004 – now)

From

  1. Position not stated
    Apr 2023—3y 7m

DSPAM- Senior Vice President, Head - Quantitative Investments and Analytics From

  1. Position not stated
    May 2022—Mar 202311m

DSPIM- Senior Vice President, Head - Quantitative Investments and Analytics From

  1. Position not stated
    May 2010—Apr 202212y

DSPIM – Risk & Quantitative Analysis, From

  1. Position not stated
    Apr 2007—May 20103y 2m

CRISIL Ltd, Senior Manager, Corporate & Infrastructure Ratings From

  1. Position not stated
    Aug 2004—Mar 20072y 8m

Source.DSP's Statement of Additional Information, as of 1 Oct 2026.