Fund manager · DSP

Diipesh Shah

Fund Manager - ETFs and Passive Investment at DSP. Runs 41 schemes worth ₹16,461 Cr.

Fund house
DSPThey run their schemes at DSP.
AUM they run
₹16,461 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
41 now · 1 beforeSchemes they run now, as main or co-manager, and ones they ran before, since Aug 2024.
Experience
22 yearsOver 22 years of Experience

Profile^{(DSP's SAI, 1 Oct 2026)}

About

Role: Fund Manager - ETFs and Passive Investment
Studied: B Com (1998), ACA (2000), Candidate of the CFA Program, CFA Institute USA, Level I Cleared
Age: 47 years
Experience: Over 22 years of Experience

Schemes now41

DSP Nifty 50 Equal Weight Index Fund₹2,550 Cr
DSP BSE Liquid Rate ETF₹1,889 Cr
DSP Nifty PSU Bank ETF₹1,434 Cr
DSP Nifty Next 50 Index Fund₹1,350 Cr
DSP Nifty 50 Equal Weight ETF₹1,305 Cr
DSP Nifty 50 Index Fund₹1,047 Cr
and 35 more, all below

AUM they run^{(Nov 2020 – Sept 2026)}

AUM at month end each month, and its change on the month before
12 months	₹ Cr	Change
Sept 2026	16,461	−8.0%
Aug 2026	17,887	+2.8%
Jul 2026	17,400	+2.2%
Jun 2026	17,027	+5.3%
May 2026	16,171	+4.1%
Apr 2026	15,541	+13.2%
Mar 2026	13,735	−7.4%
Feb 2026	14,829	+2.6%
Jan 2026	14,455	+2.9%
Dec 2025	14,042	+2.7%
Nov 2025	13,667	+1.4%
Oct 2025	13,478	+6.0%

AUM at month end, Sept 2026

₹16,461

+22.1% since Oct 2025

Fig. 1.The AUM of the schemes Diipesh Shah 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^{(Nov 2020 – now)}

DSP202120222023202420252026

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^{(Nov 2020 – now)}

DSP

41 now · since Nov 2020

DSP Nifty 50 Equal Weight Index Fund
Co-managerNov 2020—6y₹2,550 CrIndex FundsTER 0.49%

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

Performance^{(42 schemes)}

Growth · Direct plans, Regular before 2013

Return as manager: +6.96%
Beat peers: 14 of 29
vs peers: −0.02 pt
Longest run: 5.9 years
Beat benchmark: Upcoming

Each scheme Diipesh Shah ran, against its peers and benchmark over the same months. Source: AMFI. Click a column's header to sort by it.

DSP Nifty 50 Index Fund	Nov '20–now · 5.9y	+12.61%	+12.63%	−0.02 pt	–	–
DSP Nifty Next 50 Index Fund	Nov '20–now · 5.9y	+17.20%	+12.62%	+4.58 pt	–	–
DSP Nifty 1D Rate Liquid ETF	Nov '20–now · 5.9y	0.00%	+4.24%	−4.24 pt	–	–
DSP Quant Fund	Nov '20–Nov '24 · 4.0y	+18.32%	+30.01%	−11.69 pt	–	–
DSP Nifty 50 Equal Weight Index Fund	Nov '20–now · 5.9y	+18.10%	+12.62%	+5.48 pt	–	–
DSP Nifty 50 Equal Weight ETF	Nov '21–now · 4.9y	+9.54%	+5.17%	+4.37 pt	–	–
DSP Nifty Midcap 150 Quality 50 ETF	Dec '21–now · 4.8y	−34.04%	+6.95%	−40.99 pt	–	–
DSP Nifty 50 ETF	Dec '21–now · 4.8y	+6.96%	+6.95%	+0.01 pt	–	–
DSP Nifty Midcap 150 Qlty 50 Index Fund	Aug '22–now · 4.2y	+8.23%	+8.93%	−0.70 pt	–	–
DSP Nifty Bank ETF	Jan '23–now · 3.8y	+7.15%	+6.74%	+0.41 pt	–	–
DSP Nifty IT ETF	Jul '23–now · 3.3y	+0.62%	+6.01%	−5.39 pt	–	–
DSP Nifty Private Bank ETF	Jul '23–now · 3.2y	+5.31%	+5.55%	−0.24 pt	–	–
DSP Nifty PSU Bank ETF	Jul '23–now · 3.2y	+19.45%	+5.52%	+13.93 pt	–	–
DSP BSE Sensex ETF	Jul '23–now · 3.2y	+3.64%	+5.55%	−1.91 pt	–	–
DSP Gold ETF Fund of Fund	Nov '23–now · 2.9y	+33.69%	+12.83%	+20.86 pt	–	–
DSP Nifty Smallcap250 Quality 50 Index Fund	Dec '23–now · 2.8y	+2.47%	+7.15%	−4.68 pt	–	–
DSP Nifty Healthcare ETF	Feb '24–now · 2.7y	−51.67%	+3.16%	−54.83 pt	–	–
DSP BSE Liquid Rate ETF	Mar '24–now · 2.5y	+5.55%	+2.58%	+2.97 pt	–	–
DSP Nifty Bank Index Fund	May '24–now · 2.4y	+5.46%	+5.15%	+0.31 pt	–	–
DSP Nifty Top 10 Equal Weight Index Fund	Sep '24–now · 2.1y	−7.45%	−0.94%	−6.51 pt	–	–
DSP Nifty Top 10 Equal Weight ETF	Sep '24–now · 2.1y	−7.17%	−4.01%	−3.16 pt	–	–
DSP BSE Sensex Next 30 ETF	Jan '25–now · 1.7y	+7.84%	+2.58%	+5.26 pt	–	–
DSP BSE Sensex Next 30 Index Fund	Jan '25–now · 1.7y	+7.59%	+5.98%	+1.61 pt	–	–
DSP Nifty Private Bank Index Fund	Mar '25–now · 1.6y	+7.22%	+6.47%	+0.75 pt	–	–
DSP Silver ETF Fund of Fund	May '25–now · 1.4y	+78.56%	+5.69%	+72.88 pt	–	–
DSP Nifty IT Index Fund	Jun '25–now · 1.3y	−20.11%	+1.50%	−21.61 pt	–	–
DSP Nifty Healthcare Index Fund	Jun '25–now · 1.3y	+9.60%	+1.46%	+8.14 pt	–	–
DSP Nifty500 Flexicap Quality 30 Index Fund	Aug '25–now · 1.1y	−8.06%	+3.57%	−11.63 pt	–	–
DSP Nifty500 Flexicap Quality 30 ETF	Oct '25–now · 1.0y	−10.80%	−3.91%	−6.89 pt	–	–
DSP MSCI India ETF	Nov '25–now · 0.9y	−9.40%	−5.48%	−3.92 pt	–	–
DSP Nifty Midcap 150 Index Fund	Dec '25–now · 0.8y	−1.24%	−1.13%	−0.12 pt	–	–
DSP Nifty Smallcap 250 Index Fund	Dec '25–now · 0.8y	+9.22%	−1.24%	+10.46 pt	–	–
DSP Nifty Smallcap 250 ETF	Dec '25–now · 0.8y	+9.18%	−5.94%	+15.12 pt	–	–
DSP Nifty Midcap 150 ETF	Dec '25–now · 0.8y	−2.18%	−5.94%	+3.75 pt	–	–
DSP Nifty 500 Index Fund	Jan '26–now · 0.8y	−8.83%	−3.93%	−4.91 pt	–	–
DSP Nifty Next 50 ETF	Jan '26–now · 0.8y	−2.22%	−7.83%	+5.61 pt	–	–
DSP Multi Asset Omni Fund of Funds	Feb '26–now · 0.6y	−2.32%	−3.18%	+0.86 pt	–	–
DSP BSE Top 10 Banks ETF	Mar '26–now · 0.6y	−5.53%	−2.87%	−2.66 pt	–	–
DSP Nifty FMCG ETF	May '26–now · 0.4y	−12.87%	−2.39%	−10.48 pt	–	–
DSP BSE MidSmall Private Banks ETF	Aug '26–now · 0.2y	−5.84%	−7.86%	+2.01 pt	–	–
DSP Nifty 10 Yr Benchmark G Sec ETF	Aug '26–now · 0.2y	−3.08%	−7.74%	+4.66 pt	–	–
DSP BSE Insurance ETF	Sep '26–now · 0.0y	+1.57%	−0.96%	+2.53 pt	–	–

Fig. 1.Each scheme Diipesh Shah ran, against its peers and benchmark over the same months. Source: AMFI.

Works with^{(2 now)}

Anil GhelaniNifty 50 Equal Weight Index Fund · BSE Liquid Rate ETF · Nifty PSU Bank ETF · Nifty Next 50 Index Fund · Nifty 50 Equal Weight ETF · Nifty 50 Index Fund · Nifty Top 10 Equal Weight Index Fund · Nifty Private Bank ETF · Silver ETF Fund of Fund · Nifty Top 10 Equal Weight ETF · Gold ETF Fund of Fund · Nifty 1D Rate Liquid ETF · Nifty Bank ETF · Nifty Midcap 150 Qlty 50 Index Fund · BSE Top 10 Banks ETF · Nifty Smallcap250 Quality 50 Index Fund · Nifty 50 ETF · Nifty500 Flexicap Quality 30 Index Fund · Nifty IT ETF · Nifty Private Bank Index Fund · Nifty IT Index Fund · Nifty Midcap 150 Quality 50 ETF · BSE MidSmall Private Banks ETF · Nifty Bank Index Fund · BSE Sensex Next 30 ETF · BSE Sensex Next 30 Index Fund · Nifty Healthcare Index Fund · Nifty Midcap 150 Index Fund · Nifty Smallcap 250 Index Fund · Nifty Healthcare ETF · Nifty 500 Index Fund · Nifty500 Flexicap Quality 30 ETF · Nifty 10 Yr Benchmark G Sec ETF · Nifty Midcap 150 ETF · Nifty Next 50 ETF · Nifty Smallcap 250 ETF · Nifty FMCG ETF · BSE Sensex ETF · MSCI India ETF · Multi Asset Omni Fund of Funds · BSE Insurance ETF41 schemes
Neha RathiNifty 50 Equal Weight Index Fund · BSE Liquid Rate ETF · Nifty PSU Bank ETF · Nifty Next 50 Index Fund · Nifty 50 Equal Weight ETF · Nifty 50 Index Fund · Nifty Top 10 Equal Weight Index Fund · Nifty Private Bank ETF · Silver ETF Fund of Fund · Nifty Top 10 Equal Weight ETF · Gold ETF Fund of Fund · Nifty 1D Rate Liquid ETF · Nifty Bank ETF · Nifty Midcap 150 Qlty 50 Index Fund · BSE Top 10 Banks ETF · Nifty Smallcap250 Quality 50 Index Fund · Nifty 50 ETF · Nifty500 Flexicap Quality 30 Index Fund · Nifty IT ETF · Nifty Private Bank Index Fund · Nifty IT Index Fund · Nifty Midcap 150 Quality 50 ETF · BSE MidSmall Private Banks ETF · Nifty Bank Index Fund · BSE Sensex Next 30 ETF · BSE Sensex Next 30 Index Fund · Nifty Healthcare Index Fund · Nifty Midcap 150 Index Fund · Nifty Smallcap 250 Index Fund · Nifty Healthcare ETF · Nifty 500 Index Fund · Nifty500 Flexicap Quality 30 ETF · Nifty 10 Yr Benchmark G Sec ETF · Nifty Midcap 150 ETF · Nifty Next 50 ETF · Nifty Smallcap 250 ETF · Nifty FMCG ETF · BSE Sensex ETF · MSCI India ETF · Multi Asset Omni Fund of Funds · BSE Insurance ETF41 schemes

Career^{(Sept 2000 – now)}

DSP Asset Managers Private Limited (From

Position not stated
Apr 2023—3y 7m

Fund Manager – ETFs and Passive Investments DSP Investment Managers Private Limited (From

Position not stated
Nov 2020—Mar 20232y 5m

Fund Manager – ETFs and Passive Investments DSP Investment Managers Private limited

Position not stated
Sept 2019—Oct 20201y 2m

Dealer – ETFs and Passive Investments JM Financial Institutional Broking Limited

Position not stated
Aug 2018—Sept 20191y 2m

Institutional Equity Sales Trading Centrum Boking Limited

Position not stated
Jun 2014—Jul 20184y 2m

Institutional Equity Sales Trading JM Financial Institutional Broking Limited

Position not stated
Sept 2013—Jun 201410m

Institutional Equity Sales Trading IDFC Securities Limited

Position not stated
Jan 2011—Aug 20132y 8m

Institutional Equity Sales Trading Kotak Securities Limited

Position not stated
Jul 2010—Sept 20103m

Institutional Equity Sales Trading IIFL Capital PTE Ltd

Position not stated
Nov 2009—Jul 20109m

Hedge Fund Trading IDFC SSKI Securities Ltd

Position not stated
Mar 2006—Nov 20093y 9m

Institutional Equity Sales Trading ICICI Securities Limited

Position not stated
Sept 2000—Feb 20054y 6m

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