Flexi Cap · Equity

DSP Flexi Cap Fund

DSP Asset Managers Private Limited

Benchmark

Nifty 500 TRI

Riskometer

Very High

Size

₹11,714 cr

Allotted

29 Apr 1997

Holdings as of

30 Sep 2026

DSP Flexi Cap Fund is a flexi cap fund of DSP Asset Managers Private Limited with ₹11,714 cr under management. It is ahead of its benchmark (Nifty 500 TRI) in 3 of 4 periods. Its direct plan charges 0.87% a year. Bhavin Gandhi has managed it for 2.6 years.

Has DSP Flexi Cap Fund beaten its benchmark?

Ahead of its benchmark, Nifty 500 TRI, in 3 of 4 periods in AMFI's figures; −3.54% over the last year against −4.30%.

Period returns

Direct Plan, growth · 3y and longer a year

Period	Fund	Nifty 500 TRI	Ahead
1 month	−2.70%	−3.60%	—
3 months	−4.70%	−5.03%	—
6 months	+1.13%	−1.83%	—
1 year	−3.54%	−4.06%	+0.52 pts
3 years	+9.61%	+9.27%	+0.34 pts
5 years	+8.13%	+8.00%	+0.13 pts
10 years	+13.34%	+12.69%	+0.65 pts
Since start from 2 Jan 2013	+14.02%	—	—

Valarth price history to 13 Oct 2026 · the index is the one the fund is nearest; — not on record

Official figures

AMFI performance feed, 13 Oct 2026

Ahead of its benchmark (Nifty 500 TRI) in 3 of 4 periods.

Period	Direct	Regular	Benchmark	Ahead	Rank
1y	−3.54%	−4.54%	−4.30%	+0.76	🔒
3y	+9.60%	+8.47%	+9.33%	+0.27	🔒
5y	+8.12%	+6.98%	+8.24%	−0.12	🔒
10y	+13.33%	+12.25%	+12.73%	+0.60	🔒

Ahead in points a year · its rank among Flexi Cap funds, and how steady the lead is, in the app

Value of 100, month-end

Oct 2016 to 13 Oct 2026

Fund 345Nifty 500 TRI 327

₹100 put in at the start of Oct 2016 would be ₹345 on 13 Oct 2026, against ₹327 in the Nifty 500 TRI.

Risk, falls and every year

🔒 Pro

Its worst fall and how long it took to recover, three-year stretches, Sharpe, beta and capture ratios, calendar years beside the index, and money in and out: in the app.

See them in the app →

What does DSP Flexi Cap Fund cost?

0.87% a year on the direct plan, 1.87% on the regular plan; 15 of 46 funds in its category charge less.

Direct plan

0.87% a year

Category median 0.96%

Regular plan

1.87% a year

Category median 2.19%

Gap

1.00 points

for the same holdings

15 of 46 funds in its category charge less on the direct plan.

Expense report, Oct 2026 · Equity Scheme - Flexi Cap Fund

What the regular plan costs you over time

🔒 Pro

The same money left for years in the direct and the regular plan, side by side, and what the commission takes: in the app.

Who manages DSP Flexi Cap Fund?

Bhavin Gandhi, since 1 Mar 2024.

Bhavin Gandhi

Primary

2.6 years

since 1 Mar 2024

Benchmark as filedNifty 500 TRI

Exit load

Holding period from the date of allotment: < 12 months - 1% >= 12 months – Nil (as a % of Applicable NAV)

From 34 Scheme Summary Documents filed with NSE, first on 20 Aug 2026; as on 12 Oct 2026

What does DSP Flexi Cap Fund hold?

68 holdings as of 30 Sep 2026; the ten largest are 42.2% of the fund, the largest ICICI Bank Limited at 9.3%.

Mix

Holdings as of 30 Sep 2026

Equity96.7%Debt0.0%Cash3.3%Other0.0%

Holdings

66 shares

Top ten

42.2%

of the fund

Effective holdings

29.7

spread, as if equal-weighted

Matched to our table

100%

of the equity

Five largest

% of fund

ICICI Bank Limited9.28%

HDFC Bank Limited8.56%

Axis Bank Limited4.90%

Mahindra & Mahindra Limited4.10%

State Bank of India3.43%

Five largest industries

% of fund

Banks27.3%

Automobiles7.10%

IT - Software6.30%

Insurance6.10%

Capital Markets5.30%

By company size

% of equity · SEBI size lists

Large Cap62.7%Mid Cap25.1%Small Cap12.2%

How does DSP Flexi Cap Fund score against its category?

Seven scores against funds of its kind, and the warning signs it trips.

Scorecard

🔒 Pro

Seven scores, each out of 5, against funds in its category, with the reasons, and the warning signs it trips: in the app.

Open scorecard in the app →

Are the companies inside any good?

The holdings by valuation, forensic risk, business quality and balance sheet, weighted by their share of the fund.

The companies inside

🔒 Pro

The holdings weighted by their share of the fund: P/E and ROE, forensic risk levels, Valarth's valuation view, quality, moats, balance sheets and who owns them: in the app.

How is DSP Flexi Cap Fund run?

Turnover, what it bought and sold, its cash and its record in new listings, from its monthly holdings files.

How it is run

🔒 Pro

Turnover, what it bought and sold and when, how long it holds, size drift, cash and its record in new listings, from up to two years of monthly holdings files: in the app.

Which funds hold much the same?

The index it is nearest and the funds whose holdings overlap most.

Moves with its indexnot an index tracker

Nearest to the Nifty 50: 59% of it differs from the index (an active fund is usually above 60%).

Active share 58.6%60%

Funds that hold much the same

% of holdings in common

DSP Focused Fund67.1% the same

28 shared holdings

DSP Large & Mid Cap Fund61.0% the same

42 shared holdings

DSP ELSS Tax Saver Fund59.4% the same

33 shared holdings

How much is in its sponsor's own group?

Holdings in companies of the fund house's sponsor group, beside the index.

Related-party exposure

🔒 Pro

How much of the fund is in companies of its sponsor's own group, beside what the index holds of them: in the app.

Questions people ask

Who manages DSP Flexi Cap Fund?

Bhavin Gandhi (Primary) since 1 Mar 2024.

What is the expense ratio of DSP Flexi Cap Fund?

0.87% a year on the direct plan and 1.87% on the regular plan (expense report, Oct 2026).

How has DSP Flexi Cap Fund done?

Its direct plan returned +9.60% a year over 3 years against +9.33% for its benchmark, Nifty 500 TRI, as of 13 Oct 2026.