Fundalysisby DARKHORSESTOCKS

Fund manager · DSP

Karan Mundhra

Fund Manager- Fixed Income at DSP. Runs 10 schemes worth ₹55,572 Cr.

  • Fund house

    DSPThey run their schemes at DSP.

  • AUM they run

    ₹55,572 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

    10 now · 0 beforeSchemes they run now, as main or co-manager, and ones they ran before, since Aug 2024.

  • Experience

    16 yearsOver 16 years experience

Profile(DSP's SAI, 1 Oct 2026)

About

Role
Fund Manager- Fixed Income
Studied
B.Com. Chartered Accountant (CA)
Age
36 years
Experience
Over 16 years experience

Schemes now10

  1. DSP Liquid Fund Ex DSP Liquidity Fund₹24,726 Cr
  2. DSP Money Market Fund Ex DSP Savings Fund₹8,072 Cr
  3. DSP Arbitrage Fund₹6,720 Cr
  4. DSP Ultra Short to Short Term Fund Ex DSP Low Duration Fund₹4,455 Cr
  5. DSP Ultra Short Term Fund Ex DSP Ultra Short Fund₹4,425 Cr
  6. DSP Short Term Fund₹3,416 Cr
  7. and 4 more, all below

AUM they run(May 2021 – Sept 2026)

AUM at month end each month, and its change on the month before
12 months₹ CrChange
Sept 202655,572−9.8%
Aug 202661,596+10.0%
Jul 202655,978+15.2%
Jun 202648,580−5.6%
May 202651,441−4.8%
Apr 202654,052+16.9%
Mar 202646,229−12.4%
Feb 202652,797+8.8%
Jan 202648,515−3.0%
Dec 202550,024−8.8%
Nov 202554,834+9.0%
Oct 202550,329+12.4%
AUM at month end, Sept 2026
₹55,572 Cr
+10.4% since Oct 2025
Fig. 1.The AUM of the schemes Karan Mundhra 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 2021 – now)

  1. Liquid Fund Ex DSP Liquidity Fund
  2. Money Market Fund Ex DSP Savings Fund
  3. Ultra Short Term Fund Ex DSP Ultra Short Fund
  4. Medium Term Fund Ex DSP Bond Fund
  5. Ultra Short to Short Term Fund Ex DSP Low Duration Fund
  6. Arbitrage Fund
  7. Short Term Fund
  8. Overnight Fund
  9. Floating Interest Rates Fund Ex DSP Floater Fund
  10. Financial Services Sectoral Debt Fund
DSP20222023202420252026
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 2021 – now)

DSP

10 now · since May 2021
  1. DSP Liquid Fund Ex DSP Liquidity Fund
    Fund managerMay 2021—5y 6m₹24,726 CrLiquidTER 0.12%
  2. DSP Arbitrage Fund
    Co-manager, debtAug 2024—2y 3m₹6,720 CrArbitrageTER 1.16%
  3. DSP Ultra Short Term Fund Ex DSP Ultra Short Fund
    Co-managerMay 2021—5y 6m₹4,425 CrUltra Short TermTER 0.30%

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

Performance(10 schemes)

Growth · Direct plans

Return as manager
+6.44%
Beat peers
3 of 9
vs peers
−0.22 pt
Longest run
5.5 years
Beat benchmark
Upcoming
Each scheme Karan Mundhra ran, against its peers and benchmark over the same months. Source: AMFI. Click a column's header to sort by it.
DSP Ultra Short Term Fund Ex DSP Ultra Short Fund
May '21–now · 5.5y
+6.44%+6.37%+0.07 pt––
DSP Liquid Fund Ex DSP Liquidity Fund
May '21–now · 5.5y
+6.15%+6.13%+0.03 pt––
DSP Money Market Fund Ex DSP Savings Fund
May '21–now · 5.5y
+6.28%+6.50%−0.22 pt––
DSP Medium Term Fund Ex DSP Bond Fund
May '21–now · 5.5y
+5.96%+7.24%−1.28 pt––
DSP Ultra Short to Short Term Fund Ex DSP Low Duration Fund
Mar '22–now · 4.6y
+6.67%+6.90%−0.23 pt––
DSP Floating Interest Rates Fund Ex DSP Floater Fund
Aug '24–now · 2.2y
+6.95%+7.17%−0.23 pt––
DSP Short Term Fund
Aug '24–now · 2.2y
+6.65%+6.95%−0.30 pt––
DSP Arbitrage Fund
Aug '24–now · 2.2y
+6.88%+6.96%−0.08 pt––
DSP Overnight Fund
Aug '24–now · 2.2y
+5.75%+5.74%+0.00 pt––
DSP Financial Services Sectoral Debt Fund
Aug '26–now · 0.1y
+0.52%––––
Fig. 1.Each scheme Karan Mundhra ran, against its peers and benchmark over the same months. Source: AMFI.

Works with(5 now)

  1. Shalini VasantaLiquid Fund Ex DSP Liquidity Fund · Money Market Fund Ex DSP Savings Fund · Ultra Short to Short Term Fund Ex DSP Low Duration Fund · Ultra Short Term Fund Ex DSP Ultra Short Fund · Overnight Fund · Financial Services Sectoral Debt Fund6 schemes
  2. Shantanu GodambeShort Term Fund · Overnight Fund · Floating Interest Rates Fund Ex DSP Floater Fund3 schemes
  3. Kunal KhudaniaLiquid Fund Ex DSP Liquidity Fund · Financial Services Sectoral Debt Fund2 schemes
  4. Kaivalya NadkarniArbitrage Fund1 scheme
  5. Vivek RamakrishnanMedium Term Fund Ex DSP Bond Fund1 scheme

Career(Apr 2012 – now)

From

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

Fund manager- DSPIM From

  1. Position not stated
    May 2021—Mar 20231y 11m
  2. Position not stated
    Jul 2016—Apr 20214y 10m

Dealer, Fixed Income – DSPIM. From

  1. Position not stated
    Feb 2016—Jul 20166m

Manager – Fixed Income - DSPIM From

  1. Position not stated
    Apr 2012—Jan 20163y 10m

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