DSP Mutual Fund: Schemes, Returns and How to Invest
DSP Mutual Fund manages ₹2.52 lakh crore across 59 schemes with 29 years of history. Explore top-ranked funds, returns and how to invest.
DSP Mutual Fund is a SEBI-registered asset management company incorporated on 16 December 1996, today managing ₹2,51,810.80 crore in assets across 59 schemes. Backed by the DSP Group — a financial services name with a 152-year history — it offers products spanning equity, debt, hybrid, exchange-traded funds, international fund of funds, and close-ended categories.
Key takeaways
- DSP Mutual Fund was incorporated on 16 December 1996 and carries SEBI registration code MF/036/97/7
- Total AUM is ₹2,51,810.80 crore (~₹2.52 lakh crore) spread across 59 schemes
- The product range covers equity, debt, hybrid, index, ETF, international fund of funds, and close-ended structures
- CEO is Kalpen Parekh; CIO–Debt is Pankaj Sharma
- The DSP Group's stockbroking roots go back to the 1860s, and a founding family member helped establish the Bombay Stock Exchange
About DSP Mutual Fund
DSP Investment Managers Pvt. Ltd. was constituted as a trust under the Indian Trusts Act, 1882. Its 59 schemes are designed to serve investors across risk profiles and time horizons, from short-term liquid funds to thematic equity funds and overseas fund of funds.
Ownership is distributed among four entities: DSP ADIKO Holdings Pvt. Ltd. holds 54%, DSP HMK Holdings Pvt. Ltd. holds 34%, and the remaining 12% is split equally between Ms. Aditi Kothari Desai and Ms. Shuchi Kothari. The trustee company is DSP Trustee Pvt. Ltd., with independent directors including Mr. Shitin D. Desai, Mr. T. S. Krishna Murthy, Mr. S.S.N. Moorthy, and Ms. Pravin Tripathi.
The table below summarises the fund house's key details at a glance.
| Field | Detail |
|---|---|
| Total AUM | ₹2,51,810.80 crore (about ₹2.52 lakh crore) |
| Number of schemes | 59 |
| AMC age | 29 years |
| Incorporation date | 16 December 1996 |
| Sponsors | DSP HMK Holdings Pvt. Ltd., DSP HMK Holdings Pvt. Ltd., Ms. Aditi Kothari Desai, Ms. Shuchi Kothari |
| Trustee organisation | DSP Trustee Pvt. Ltd. |
| Trustees | Mr. Shitin D. Desai (Independent Director), Mr. T. S. Krishna Murthy (Independent Director), Mr. T. S. Krishna Murthy (Independent Director)Mr. S.S.N. Moorthy (Independent Director), Ms. Pravin Tripathi (Independent Director) |
| CIO | Pankaj Sharma(Chief Investment Officer-Debt) |
| CEO | Kalpen Parekh(Chief Executive Officer) |
| Compliance officer | Mr. Pritesh Majmudar |
| Address | The Ruby, 25th Floor29, Senapati Bapat Marg, Dadar (West), Mumbai Mumbai 400028 |
DSP Group: A 152-Year Financial Legacy
The DSP Group began its stockbroking operations in the 1860s, making it one of India's oldest financial services families. A member of the founding family played a direct role in establishing the Bombay Stock Exchange (BSE). Over subsequent decades, the group built associations with Merrill Lynch and Dresdner Bank, and DSP Merrill Lynch Ltd. was formally incorporated on 23 December 1975 in Mumbai.
Mr. Hemendra Kothari, the current head of the DSP Group, launched his career at D.S. Purbhoodas & Co. before founding DSP Financial Consultants in 1975. The fund house's registered office is at The Ruby, 25th Floor, 29 Senapati Bapat Marg, Dadar (West), Mumbai – 400028.
Top 10 DSP Mutual Fund Schemes Ranked by Invo Wealth
The funds below are the top 10 DSP schemes ranked by Invo Wealth's internal quality score; the table shows the underlying return numbers. Standout data points include DSP World Gold Mining Overseas Equity Omni FoF, which has delivered 63.59% over one year and 57.97% over three years, and DSP Healthcare Fund, which has returned 49.19% over six months. For long-horizon equity exposure, DSP India T.I.G.E.R. Fund has compounded at 20.87% over five years. At the conservative end, DSP Liquid Fund has returned 6.46% over one year with negligible volatility.
Performance data as of 5 September 2026.
| Fund | Sub-category | 6M CAGR | 1Y CAGR | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| DSP India T.I.G.E.R. Fund | Sectoral/Thematic Fund | 27.61% | 16.47% | 19.16% | 20.87% |
| DSP Credit Risk Fund | Credit Risk Fund | 18.37% | 10.39% | 15.92% | 12.45% |
| DSP Nifty 50 Equal Weight Index Fund | Index Fund | 1.51% | 2.92% | 11.95% | 11.32% |
| DSP Liquid Fund | Liquid Fund | 7.00% | 6.46% | 6.90% | 6.25% |
| DSP World Gold Mining Overseas Equity Omni FoF | Fund of Funds (FoF) | -0.84% | 63.59% | 57.97% | 29.62% |
| DSP Natural Resources And New Energy Fund | Sectoral/Thematic Fund | 2.39% | 20.51% | 18.71% | 15.44% |
| DSP Nifty Next 50 Index Fund | Index Fund | 16.18% | 8.74% | 17.23% | 11.58% |
| DSP Gilt Fund | Gilt Fund | 3.82% | 2.94% | 6.13% | 5.43% |
| DSP Healthcare Fund | Sectoral/Thematic Fund | 49.19% | 16.14% | 20.57% | 13.86% |
| DSP Large Cap Fund | Large Cap Fund | -5.21% | -2.68% | 10.50% | 8.45% |
All funds listed are Regular Plan - Growth option. CAGR = compound annual growth rate.
Risk Profile of Top DSP Funds
Risk varies considerably across this shortlist. DSP Liquid Fund has the lowest volatility at 0.20% and a maximum drawdown of just -0.01%, reflecting its short-duration, high-quality portfolio. DSP Credit Risk Fund combines a relatively low drawdown of -1.82% with a Sortino ratio of 7.06, indicating strong risk-adjusted performance on the downside. DSP World Gold Mining Overseas Equity Omni FoF, by contrast, carries 42.53% volatility and a maximum drawdown of -32.79%, underscoring the concentration risk in a single commodity theme.
| Fund | ISIN | Mean 1Y rolling return | Volatility | Max drawdown (3Y) | Sortino ratio |
|---|---|---|---|---|---|
| DSP India T.I.G.E.R. Fund | INF740K01151 | 28.60% | 20.58% | -26.14% | 0.78 |
| DSP Credit Risk Fund | INF740K01599 | 11.70% | 9.23% | -1.82% | 7.06 |
| DSP Nifty 50 Equal Weight Index Fund | INF740KA1CO4 | 17.60% | 16.33% | -18.21% | 0.42 |
| DSP Liquid Fund | INF740K01FK9 | 5.93% | 0.20% | -0.01% | -1.36 |
| DSP World Gold Mining Overseas Equity Omni FoF | INF740K01250 | 30.64% | 42.53% | -32.79% | 1.78 |
| DSP Natural Resources And New Energy Fund | INF740K01060 | 22.64% | 21.60% | -22.14% | 0.73 |
| DSP Nifty Next 50 Index Fund | INF740KA1MD6 | 17.93% | 22.16% | -26.69% | 0.62 |
| DSP Gilt Fund | INF740K01615 | 5.63% | 4.51% | -4.69% | -0.27 |
| DSP Healthcare Fund | INF740KA1LD8 | 16.69% | 15.44% | -16.36% | 1.25 |
| DSP Large Cap Fund | INF740K01243 | 14.41% | 14.69% | -13.56% | 0.34 |
How to Invest in DSP Mutual Fund
Investors can access DSP Mutual Fund schemes through the fund house's official website using a folio number, or through any third-party online platform or mobile application. Sign up on Invo Wealth to get complete portfolio insights and start investing in mutual funds that actually suit your goals — including DSP's full range of 59 schemes.
For SIP investors, the step-up (top-up) facility lets you increase your contribution periodically; confirm availability with the platform and use a step-up calculator to settle on the revised amount. To pause or cancel a SIP, submit a cancel request on your chosen platform, log in to the fund house website with your folio number, or reach out to your agent.
Conclusion
DSP Mutual Fund combines a 29-year operating history, ₹2,51,810.80 crore in AUM, and 59 schemes with the financial heritage of a 152-year-old group. Whether you are looking at short-term liquidity through the DSP Liquid Fund, thematic growth via the T.I.G.E.R. or Healthcare funds, or international diversification through the gold mining FoF, the fund house offers a product for most investor needs. Evaluate each scheme against your own risk profile and investment horizon before committing capital.
Frequently asked questions
How do I start a SIP in DSP Mutual Fund online?
You can start a DSP Mutual Fund SIP through Invo Wealth, the fund house's own website, or any other online platform or mobile application that supports mutual fund investments. No branch visit is required for online SIP registration.
How do I calculate my DSP Mutual Fund SIP returns?
To estimate SIP returns, you need the investment amount, the SIP tenure, the number of instalments already paid (if any existing SIPs are running), and an expected rate of return. Entering these figures into an online SIP calculator gives you a projected corpus.
How do I redeem my DSP Mutual Fund investment?
Online redemption is possible by logging in to the fund house website or the platform where you invested, using your folio number. For offline redemption, visit the nearest fund house office and submit the relevant redemption form.
Can I increase my SIP amount in DSP Mutual Fund?
Yes, DSP Mutual Fund offers a step-up (top-up) SIP facility that lets you raise your monthly contribution periodically. It is advisable to confirm availability of this feature with the fund house and use a step-up calculator before making any changes.
How do I cancel or stop a DSP Mutual Fund SIP?
You can cancel a SIP at any time by placing a cancel SIP request on the platform where you invested, or by logging in to the fund house website with your folio number. You may also contact your agent or distributor to process the cancellation on your behalf.
Mutual fund investments are subject to market risks; read all scheme-related documents carefully. This article is for education only and is not investment advice. Past performance does not guarantee future returns. Invo Wealth is an AMFI-registered mutual fund distributor (ARN-368528).