Fundalysisby DARKHORSESTOCKS

Scheme

DSP Focused Fund

Holds 29 companies worth ₹2,217 Cr in Sept 2026.

  • Fund house

    DSPThe fund house that runs this scheme.

  • AUM

    ₹2,503 CrDSP Focused Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 6.3% on Aug 2026, ₹2,671 Cr.

  • Largest holding

    ICICI BankICICI Bank is 9.5% of this scheme's NAV.

  • Fund manager

    Bhavin GandhiRuns it since 1 Feb 2024, as the fund house dates it.

Overview(6 Oct 2026)

Fund managers1

  1. Bhavin GandhiFund manager · Feb 2024 · 20y · CA CFA
  1. Vinit SambreJun 2020 – May 2025

Key facts

Benchmark
Nifty 500 TRI
Risk
Very High
Expense
Regular 2.11% · Direct 1.1%
Exit load
Holding period from the date of allotment: < 1 month - 1% >= 1 months Nil (as a % of Applicable NAV)
Started
10 Jun 2010
Minimum
₹100

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

What changed(72 changes)

Oct 2026

1 change
  1. Exit load
    6 Oct1% - Holding period from the date of allotment < 1 month, Nil - Holding period from the date of allotment >= 1 month (as a % of Applicable NAV) → Holding period from the date of allotment: < 1 month - 1% >= 1 months Nil (as a % of Applicable NAV)

Aug 2026

1 change
  1. Expense ratio
    12 AugRegular 2.09% → 2.11%Direct 1.08% → 1.1%

Jul 2026

3 changes

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(Jun 2020 – now)

  1. Bhavin Gandhi
  2. Vinit Sambre
MainCoSlice202120222023202420252026
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.
69 changesRegularDirectΔ pt
12 Aug 20262.11%1.10%0.02
28 Jul 20262.09%1.08%0
17 Jul 20262.08%1.08%0.05
1 Jul 20262.08%1.03%0.08
18 Jun 20261.99%0.95%0
17 Jun 20262.00%0.95%0.15
16 Jun 20262.14%1.10%0.04
15 Jun 20262.11%1.06%0.04
12 Jun 20262.15%1.10%0.05
10 Jun 20262.10%1.05%0.02
4 Jun 20262.08%1.03%0.01
1 Jun 20262.12%1.04%0.12
28 May 20262.00%0.92%0.02
26 May 20262.02%0.94%0.15
25 May 20262.17%1.09%0.46
24 May 20262.63%1.55%0.64
20 May 20261.99%0.91%0.02
19 May 20262.02%0.93%0.20
18 May 20262.21%1.13%0.22
17 May 20261.99%0.91%0.21
13 May 20262.20%1.12%0.14
10 May 20262.06%0.98%0.08
7 May 20261.99%0.90%0.28
6 May 20262.25%1.18%0.27
3 May 20261.99%0.91%0.43
29 Apr 20262.42%1.34%0.33
28 Apr 20262.10%1.01%0.10
26 Apr 20261.99%0.91%0.05
23 Apr 20262.04%0.96%0.01
20 Apr 20262.02%0.95%0.04
19 Apr 20262.00%0.91%0
14 Apr 20261.99%0.91%0.02
13 Apr 20262.01%0.93%0.01
9 Apr 20262.00%0.92%0.50
6 Apr 20262.50%1.42%0.46
16 Mar 20262.04%0.96%0.04
15 Mar 20262.04%1.00%0.01
4 Mar 20262.03%0.99%0.01
1 Feb 20262.02%0.98%0.03
30 Dec 20252.01%0.95%0.01
2 Dec 20252.01%0.94%0.01
1 Dec 20252.01%0.93%0
28 Nov 20252.00%0.93%0.03
6 Oct 20252.01%0.90%0.01
3 Oct 20252.02%0.91%0.03
29 Sept 20252.02%0.94%0.01
11 Sept 20252.01%0.93%0.01
6 Aug 20252.02%0.94%0.01
30 Jun 20252.01%0.93%0.04
9 Jun 20252.02%0.97%0.01
13 May 20252.03%0.98%0.01
30 Apr 20252.04%0.99%0.01
29 Apr 20252.03%0.98%0.05
22 Apr 20252.02%0.93%0.01
17 Apr 20252.03%0.94%0.01
20 Mar 20252.04%0.95%0.01
17 Mar 20252.05%0.96%0.04
3 Mar 20252.05%1.00%0.01
7 Feb 20252.03%0.99%0.01
9 Jan 20252.04%1.00%0.01
17 Dec 20242.03%0.99%0.01
16 Dec 20242.02%0.98%0.02
9 Dec 20242.02%1.00%0.01
6 Nov 20242.03%1.01%0.01
22 Oct 20242.03%1.00%0.01
3 Oct 20242.02%0.99%0.01
26 Sept 20242.01%0.98%0.05
20 Sept 20242.00%0.93%0.01
21 Aug 20242.01%0.94%–
Direct plan, 12 Aug 2026
1.10%
Regular plan 2.11% · Exit load Holding period from the date of allotment: < 1 month - 1% >= 1 months Nil (as a % of Applicable NAV)
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 primary investment objective of the Scheme is to generate long-term capital growth from a portfolio of equity and equity-related securities including equity derivatives. The Scheme will hold equity and equity-related securities including equity derivatives, of upto 30 companies across market capitalisation. There is no assurance that the investment objective of the Scheme will be achieved.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
An open ended equity scheme investing in maximum 30 stocks. The Scheme intends to focus on multi cap stocks.
Benchmark
Nifty 500 TRI

Asset allocation it may hold% of NAV

  1. 1. Equity & equity related instruments
    Allowed80–100%Holds88.6%
  2. 2. Other Equity and Equity related instruments (including overseas securities)/ Money Market Instruments / InvITs/ Gold ETFs / Silver ETFs / Other Liquid Instruments / Units of Domestic Mutual Funds
    Allowed0–20%

Holds in Sept 2026.88.6% equity · 11.4% 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
Focused Fund
Offer
23 Apr 2010 to 21 May 2010
Started
10 Jun 2010
Reopened
15 Jun 2010
Plans
Regular Plan & Direct Plan Growth* - Income Distribution cum Capital Withdrawal option (IDCW)Payout of Income Distribution cum Capital Withdrawal (IDCW) - Reinvestment of Income Distribution cum Capital Withdrawal (IDCW) * default option
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
No
Custodian
HSBC
Auditor
S.R. Batliboi & Co LLP
Registrar
Computer Age Management Services Limited
SEBI code
DSPM/O/E/FOC/10/03/0022