Fundalysisby DARKHORSESTOCKS

Scheme

DSP Equity Savings Fund

Holds 59 companies worth ₹2,157 Cr in Sept 2026.

  • Fund house

    DSPThe fund house that runs this scheme.

  • AUM

    ₹3,087 CrDSP Equity Savings Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 6.6% on Aug 2026, ₹3,306 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 7.3% of this scheme's NAV.

  • Fund manager

    Abhishek SinghRuns it since 1 May 2021, as the fund house dates it. With Shantanu Godambe (fund manager), Kaivalya Nadkarni (fund manager).

Overview(6 Oct 2026)

Fund managers3

  1. Abhishek SinghFund manager, equity · May 2021 · 17y · PGDM B.Tech
  2. Shantanu GodambeFund manager, debt · Aug 2024 · 17y · CFA B.Com
  3. Kaivalya NadkarniFund manager, equity · Oct 2024 · 6y · CA B.Com

    Key facts

    Benchmark
    Nifty Equity Savings Index
    Risk
    Moderately High
    Expense
    Regular 1.95% · Direct 1.1%
    Exit load
    Nil
    Started
    28 Mar 2016
    Minimum
    ₹100

    Source.Its Scheme Summary Document as of 6 Oct 2026 at AMFI.

    What changed(70 changes)

    Oct 2026

    2 changes
    1. Category
      6 OctEquity Savings → Equity Savings Fund
    2. Expense ratio
      1 OctRegular 1.96% → 1.95%Direct 1.11% → 1.1%

    Sept 2026

    3 changes
    2. Riskometer
      11 SeptModerate → Moderately High

    Aug 2026

    1 change
    1. Expense ratio
      12 AugDirect 1.1% → 1.09%

    Source.Its filings at NSE, since Aug 2024.

    Fund managers over time(May 2021 – now)

    1. Abhishek Singh
    2. Shantanu Godambe
    3. Kaivalya Nadkarni
    MainCoSlice20222023202420252026
    Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

    Costs(Aug 2024 – Oct 2026)

    Every change to the expense ratio, newest first.
    66 changesRegularDirectΔ pt
    1 Oct 20261.95%1.10%0.01
    11 Sept 20261.96%1.11%0.01
    8 Sept 20261.96%1.12%0.03
    12 Aug 20261.96%1.09%0.01
    17 Jul 20261.96%1.10%0
    1 Jul 20261.97%1.10%0.41
    17 Jun 20261.56%0.69%0.01
    16 Jun 20261.57%0.70%0.08
    15 Jun 20261.65%0.78%0.05
    12 Jun 20261.60%0.73%0.44
    10 Jun 20262.02%1.17%0.31
    4 Jun 20261.71%0.86%0.11
    1 Jun 20261.60%0.75%0.10
    28 May 20261.70%0.85%0.15
    26 May 20261.56%0.70%0.08
    25 May 20261.64%0.78%4.37
    24 May 20266.00%5.15%1.59
    20 May 20264.42%3.56%2.67
    19 May 20261.74%0.89%0.10
    18 May 20261.64%0.79%0.10
    17 May 20261.55%0.69%0.03
    10 May 20261.57%0.72%0.02
    7 May 20261.56%0.70%0
    6 May 20261.55%0.70%0.15
    5 May 20261.70%0.85%0.05
    3 May 20261.75%0.90%0.19
    29 Apr 20261.94%1.09%0.40
    28 Apr 20261.55%0.69%1.17
    27 Apr 20262.71%1.86%2.38
    26 Apr 20265.10%4.24%0.98
    23 Apr 20264.11%3.26%1.62
    20 Apr 20262.49%1.64%0.41
    19 Apr 20262.08%1.23%0.13
    15 Apr 20261.95%1.10%0.14
    14 Apr 20261.81%0.96%0.05
    13 Apr 20261.77%0.91%0
    9 Apr 20261.76%0.91%0.08
    6 Apr 20261.68%0.83%0.13
    4 Mar 20261.50%0.70%0.05
    1 Feb 20261.50%0.65%0.03
    30 Dec 20251.47%0.62%0.02
    28 Nov 20251.46%0.60%0
    6 Nov 20251.50%0.60%0.05
    1 Sept 20251.45%0.55%0.14
    6 Aug 20251.29%0.41%0.06
    21 Jul 20251.23%0.35%0.01
    7 Jul 20251.24%0.36%0.01
    11 Jun 20251.23%0.37%0.01
    23 May 20251.24%0.38%0.01
    7 May 20251.25%0.39%0.01
    22 Apr 20251.26%0.40%0.01
    3 Apr 20251.27%0.41%0
    17 Mar 20251.29%0.41%0.01
    4 Feb 20251.30%0.42%0.01
    2 Jan 20251.31%0.43%0.01
    27 Dec 20241.32%0.44%0
    5 Dec 20241.30%0.44%0.01
    2 Dec 20241.31%0.45%0.05
    19 Nov 20241.26%0.40%0.01
    6 Nov 20241.27%0.41%0.01
    17 Oct 20241.32%0.42%0.01
    11 Oct 20241.33%0.43%0.01
    3 Oct 20241.34%0.44%0.01
    18 Sept 20241.35%0.45%0.01
    3 Sept 20241.36%0.46%0.01
    21 Aug 20241.35%0.45%–
    Direct plan, 1 Oct 2026
    1.10%
    Regular plan 1.95% · Exit load nil
    Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

    Objective and risk(6 Oct 2026)

    Objective

    The investment objective of the Scheme is to generate income through investments in fixed income securities and using arbitrage and other derivative Strategies. The Scheme also intends to generate long-term capital appreciation by investing a portion of the Scheme s assets in equity and equity related instruments. However, there can be no assurance that the investment objective of the scheme will be achieved.

    Risk, type and benchmark

    Riskometer
    Moderately High
    At launch
    Moderately High
    Type
    An open ended scheme investing in equity, arbitrage and debt
    Benchmark
    Nifty Equity Savings Index

    Asset allocation it may hold% of NAV

    1. A. Equity & Equity related instruments
      Allowed65–90%
    2. Of which net long equity exposure
      Allowed15–40%
    3. B. Debt and money market instruments
      Allowed10–35%
    4. C. ETCDs, InvITs, Units of Mutual Fund (including Gold ETF & Silver ETF)
      Allowed0–25%
    5. A. Equity & Equity related instruments
      Allowed15–90%
    6. Of which net long equity exposure
      Allowed15–40%
    7. B. Debt and money market instruments
      Allowed10–85%
    8. C. ETCDs, InvITs, Units of Mutual Fund (including Gold ETF & Silver ETF)
      Allowed0–25%

    Holds in Sept 2026.69.8% equity · 30.2% debt and cash

    How to invest(6 Oct 2026)

    Buying

    To start
    ₹100, then in multiples of ₹1
    To add
    ₹100, then in multiples of ₹1
    Systematic
    SIP Daily, Weekly, Monthly, Quarterly, Half-Yearly and Yearly SWP Weekly, Monthly, Quarterly, Half-Yearly and Yearly STP Daily, Weekly, Monthly, Quarterly, Half-Yearly and Yearly *Weekly Monday to Friday
    Dates
    Any date
    Minimum
    ₹100, then in multiples of ₹1
    Instalments
    SIP - 12, SWP & STP - 6

    Selling and switching

    To redeem
    ₹0.01 or 0.001 units
    Switch minimum
    ₹100 or 0.001 units
    Switch multiples
    ₹0.01 or 0.001 units

    Scheme details(6 Oct 2026)

    What it is

    Category
    Equity Savings Fund
    Offer
    8 Mar 2016 to 22 Mar 2016
    Started
    28 Mar 2016
    Reopened
    31 Mar 2016
    Plans
    Regular Plan & Direct Plan Growth (Option A) Income Distribution cum Capital Withdrawal option (IDCW) (Option B) - Payout of Income Distribution cum Capital Withdrawal (IDCW) - Reinvestment of Income Distribution cum Capital Withdrawal (IDCW) Monthly Income Distribution cum Capital Withdrawal option (IDCW) (Option C) - Payout of Income Distribution cum Capital Withdrawal (IDCW) - Reinvestment of Income Distribution cum Capital Withdrawal (IDCW) Quarterly Income Distribution cum Capital Withdrawal option (IDCW) (Option D) - Payout of Income Distribution cum Capital Withdrawal (IDCW) - Reinvestment of Income Distribution cum Capital Withdrawal (IDCW) Default Option - Growth Option in case Growth Option or Income Distribution cum Capital Withdrawal (IDCW) Option is not indicated. - Payout sub-option in case Payout of IDCW Option or Reinvestment of IDCW Option is not indicated
    Face value
    ₹10
    Listed
    No

    How it is run

    Swing pricing
    No
    Side-pocketing
    Yes
    Custodian
    HSBC
    Auditor
    S.R. Batliboi & Co LLP
    Registrar
    Computer Age Management Services Limited
    SEBI code
    DSPM/O/H/ESF/15/09/0030