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Flexi Cap · DSP Mutual Fund · AMFI code 100080DSP Flexi Cap Fund
Disclosed for 69 months, Jan 2021 to Sep 2026.
Portfolio value
₹12,328 Cr
down ₹43.2 Cr vs Nov 2025
- Stocks held
- 66
- up 3 vs Nov 2025
- Top 10 weight
- 41.0%
- of the portfolio in its ten largest
- Cash & debt
- 1.7%
- cash, money market and debt
- Moves this month
- 3 in · 0 out
- added to 10, trimmed 31
DSP Flexi Cap Fund is an active equity fund in the Flexi Cap category from DSP Mutual Fund. In December 2025 it disclosed 66 stocks worth ₹12,328 Cr, down ₹43.2 Cr from Nov 2025. Its largest positions were ICICI Bank Limited (5.7%), State Bank of India (5.6%), Bajaj Finance Limited (5.5%); the ten largest together made up 41.0% of the portfolio, and Banks was the biggest sector at 23.3% of its equity. Cash and debt stood at 1.7%. Compared with Nov 2025 the fund entered 3 new stocks and exited 0.
Against 43 other Flexi Cap funds
Concentration
74%
Top-10 weight is higher than 74% of peers
Breadth
49%
Holds more stocks than 49% of peers
Cash
23%
Holds more cash than 23% of peers
Holdings in December 2025
Download CSVEvery line the fund disclosed, with the change against Nov 2025. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 5.68%
- Δ weight
- down 0.17 pts
- Value
- ₹700 Cr
- Δ value
- down ₹23.9 Cr
- Status
- Trimmed
- Weight
- 5.60%
- Δ weight
- up 0.04 pts
- Value
- ₹690 Cr
- Δ value
- up ₹2.2 Cr
- Status
- Held
- Weight
- 5.47%
- Δ weight
- down 0.26 pts
- Value
- ₹675 Cr
- Δ value
- down ₹34.7 Cr
- Status
- Trimmed
- Weight
- 5.16%
- Δ weight
- down 0.07 pts
- Value
- ₹636 Cr
- Δ value
- down ₹10.5 Cr
- Status
- Trimmed
- Weight
- 4.82%
- Δ weight
- down 0.02 pts
- Value
- ₹594 Cr
- Δ value
- down ₹4.8 Cr
- Status
- Trimmed
- Weight
- 3.24%
- Δ weight
- up 0.02 pts
- Value
- ₹399 Cr
- Δ value
- up ₹76 L
- Status
- Held
- Weight
- 2.88%
- Δ weight
- up 0.10 pts
- Value
- ₹355 Cr
- Δ value
- up ₹10.7 Cr
- Status
- Added
- Weight
- 2.83%
- Δ weight
- down 0.41 pts
- Value
- ₹349 Cr
- Δ value
- down ₹51.6 Cr
- Status
- Trimmed
- Weight
- 2.66%
- Δ weight
- down 0.04 pts
- Value
- ₹328 Cr
- Δ value
- down ₹6.5 Cr
- Status
- Trimmed
- Weight
- 2.62%
- Δ weight
- up 0.08 pts
- Value
- ₹323 Cr
- Δ value
- up ₹8.8 Cr
- Status
- Added
- Weight
- 2.31%
- Δ weight
- up 0.02 pts
- Value
- ₹285 Cr
- Δ value
- up ₹1.7 Cr
- Status
- Added
- Weight
- 2.30%
- Δ weight
- up 0.16 pts
- Value
- ₹284 Cr
- Δ value
- up ₹18.4 Cr
- Status
- Added
- Weight
- 2.14%
- Δ weight
- down 0.03 pts
- Value
- ₹264 Cr
- Δ value
- down ₹4.8 Cr
- Status
- Trimmed
- Weight
- 2.04%
- Δ weight
- up 0.01 pts
- Value
- ₹251 Cr
- Δ value
- down ₹14 L
- Status
- Held
- Weight
- 1.97%
- Δ weight
- down 0.06 pts
- Value
- ₹243 Cr
- Δ value
- down ₹7.9 Cr
- Status
- Trimmed
- Weight
- 1.94%
- Δ weight
- down 0.02 pts
- Value
- ₹240 Cr
- Δ value
- down ₹3.1 Cr
- Status
- Trimmed
- Weight
- 1.93%
- Δ weight
- up 0.05 pts
- Value
- ₹238 Cr
- Δ value
- up ₹5.1 Cr
- Status
- Added
- Weight
- 1.89%
- Δ weight
- down 0.02 pts
- Value
- ₹233 Cr
- Δ value
- down ₹3.8 Cr
- Status
- Trimmed
- Weight
- 1.88%
- Δ weight
- down 0.25 pts
- Value
- ₹232 Cr
- Δ value
- down ₹32.3 Cr
- Status
- Trimmed
- Weight
- 1.86%
- Δ weight
- up 0.07 pts
- Value
- ₹229 Cr
- Δ value
- up ₹7.7 Cr
- Status
- Added
- Weight
- 1.86%
- Δ weight
- down 0.06 pts
- Value
- ₹229 Cr
- Δ value
- down ₹8.8 Cr
- Status
- Trimmed
- Weight
- 1.85%
- Δ weight
- up 0.19 pts
- Value
- ₹229 Cr
- Δ value
- up ₹23.3 Cr
- Status
- Added
- Weight
- 1.73%
- Δ weight
- up 0.14 pts
- Value
- ₹213 Cr
- Δ value
- up ₹16.4 Cr
- Status
- Added
- Weight
- 1.70%
- Δ weight
- up 0.04 pts
- Value
- ₹210 Cr
- Δ value
- up ₹4.1 Cr
- Status
- Added
- Cash, TREPS & receivables
- Weight
- 1.67%
- Δ weight
- up 0.05 pts
- Value
- ₹206 Cr
- Δ value
- up ₹4.9 Cr
- Status
- Added
- Weight
- 1.65%
- Δ weight
- up 0.07 pts
- Value
- ₹204 Cr
- Δ value
- up ₹8 Cr
- Status
- Added
- Weight
- 1.60%
- Δ weight
- up 0.11 pts
- Value
- ₹197 Cr
- Δ value
- up ₹13 Cr
- Status
- Added
- Weight
- 1.55%
- Δ weight
- down 0.11 pts
- Value
- ₹191 Cr
- Δ value
- down ₹14.8 Cr
- Status
- Trimmed
- Weight
- 1.51%
- Δ weight
- down 0.03 pts
- Value
- ₹187 Cr
- Δ value
- down ₹4.5 Cr
- Status
- Trimmed
- Weight
- 1.49%
- Δ weight
- up 0.12 pts
- Value
- ₹184 Cr
- Δ value
- up ₹14.1 Cr
- Status
- Added
- Weight
- 1.40%
- Δ weight
- up 0.05 pts
- Value
- ₹172 Cr
- Δ value
- up ₹5.1 Cr
- Status
- Added
- Weight
- 1.39%
- Δ weight
- up 0.10 pts
- Value
- ₹171 Cr
- Δ value
- up ₹12.1 Cr
- Status
- Added
- Weight
- 1.24%
- Δ weight
- down 0.28 pts
- Value
- ₹153 Cr
- Δ value
- down ₹35.1 Cr
- Status
- Trimmed
- Weight
- 1.22%
- Δ weight
- down 0.02 pts
- Value
- ₹151 Cr
- Δ value
- down ₹3.1 Cr
- Status
- Trimmed
- Weight
- 1.15%
- Δ weight
- up 0.01 pts
- Value
- ₹142 Cr
- Δ value
- up ₹59 L
- Status
- Held
- Weight
- 1.07%
- Δ weight
- up 0.10 pts
- Value
- ₹131 Cr
- Δ value
- up ₹11.6 Cr
- Status
- Added
- Weight
- 1.05%
- Δ weight
- down 0.07 pts
- Value
- ₹130 Cr
- Δ value
- down ₹8.8 Cr
- Status
- Trimmed
- Weight
- 1.02%
- Δ weight
- down 0.02 pts
- Value
- ₹126 Cr
- Δ value
- down ₹3 Cr
- Status
- Trimmed
- Weight
- 1.02%
- Δ weight
- down 0.02 pts
- Value
- ₹126 Cr
- Δ value
- down ₹2.9 Cr
- Status
- Trimmed
- Weight
- 1.01%
- Δ weight
- down 0.00 pts
- Value
- ₹124 Cr
- Δ value
- down ₹53 L
- Status
- Held
- Weight
- 0.93%
- Δ weight
- up 0.03 pts
- Value
- ₹114 Cr
- Δ value
- up ₹3 Cr
- Status
- Added
- Weight
- 0.78%
- Δ weight
- up 0.48 pts
- Value
- ₹96 Cr
- Δ value
- up ₹58.9 Cr
- Status
- Added
- Weight
- 0.78%
- Δ weight
- up 0.01 pts
- Value
- ₹95.6 Cr
- Δ value
- up ₹1.3 Cr
- Status
- Added
- Weight
- 0.76%
- Δ weight
- down 0.01 pts
- Value
- ₹94.1 Cr
- Δ value
- down ₹1.1 Cr
- Status
- Trimmed
- Weight
- 0.61%
- Δ weight
- up 0.06 pts
- Value
- ₹74.9 Cr
- Δ value
- up ₹6.6 Cr
- Status
- Added
- Weight
- 0.57%
- Δ weight
- down 0.02 pts
- Value
- ₹70 Cr
- Δ value
- down ₹2.9 Cr
- Status
- Trimmed
- Weight
- 0.56%
- Δ weight
- down 0.00 pts
- Value
- ₹68.9 Cr
- Δ value
- down ₹82 L
- Status
- Trimmed
- Weight
- 0.55%
- Δ weight
- down 0.06 pts
- Value
- ₹67.7 Cr
- Δ value
- down ₹8.3 Cr
- Status
- Trimmed
- Weight
- 0.53%
- Δ weight
- down 0.00 pts
- Value
- ₹65.9 Cr
- Δ value
- down ₹35 L
- Status
- Trimmed
- Weight
- 0.52%
- Δ weight
- up 0.52 pts
- Value
- ₹64.6 Cr
- Δ value
- up ₹64.6 Cr
- Status
- New
- Weight
- 0.50%
- Δ weight
- down 0.01 pts
- Value
- ₹61.7 Cr
- Δ value
- down ₹1.7 Cr
- Status
- Trimmed
- Weight
- 0.47%
- Δ weight
- down 0.03 pts
- Value
- ₹57.7 Cr
- Δ value
- down ₹4.5 Cr
- Status
- Trimmed
- Weight
- 0.43%
- Δ weight
- down 0.02 pts
- Value
- ₹53.1 Cr
- Δ value
- down ₹2.8 Cr
- Status
- Trimmed
- Weight
- 0.42%
- Δ weight
- up 0.02 pts
- Value
- ₹51.9 Cr
- Δ value
- up ₹2.3 Cr
- Status
- Added
- Weight
- 0.38%
- Δ weight
- down 0.93 pts
- Value
- ₹47.4 Cr
- Δ value
- down ₹115 Cr
- Status
- Trimmed
- Weight
- 0.38%
- Δ weight
- down 0.00 pts
- Value
- ₹46.8 Cr
- Δ value
- down ₹17 L
- Status
- Held
- Weight
- 0.36%
- Δ weight
- up 0.36 pts
- Value
- ₹44.3 Cr
- Δ value
- up ₹44.3 Cr
- Status
- New
- Weight
- 0.35%
- Δ weight
- up 0.01 pts
- Value
- ₹42.8 Cr
- Δ value
- up ₹1.1 Cr
- Status
- Added
- Weight
- 0.34%
- Δ weight
- up 0.06 pts
- Value
- ₹42.1 Cr
- Δ value
- up ₹7.4 Cr
- Status
- Added
- Weight
- 0.16%
- Δ weight
- down 0.00 pts
- Value
- ₹19.9 Cr
- Δ value
- down ₹53 L
- Status
- Trimmed
- Weight
- 0.11%
- Δ weight
- up 0.01 pts
- Value
- ₹13.6 Cr
- Δ value
- up ₹86 L
- Status
- Added
- Weight
- 0.06%
- Δ weight
- down 0.00 pts
- Value
- ₹7.4 Cr
- Δ value
- down ₹36 L
- Status
- Trimmed
- Weight
- 0.02%
- Δ weight
- down 0.00 pts
- Value
- ₹2.3 Cr
- Δ value
- down ₹21 L
- Status
- Trimmed
- Weight
- 0.01%
- Δ weight
- up 0.00 pts
- Value
- ₹1.7 Cr
- Δ value
- up ₹7 L
- Status
- Added
- Weight
- 0.01%
- Δ weight
- up 0.01 pts
- Value
- ₹1.4 Cr
- Δ value
- up ₹1.4 Cr
- Status
- New
- Magnasound (India) Limited
- Weight
- 0.00%
- Δ weight
- —
- Value
- ₹0 L
- Δ value
- —
- Status
- Held
- Weight
- 0.00%
- Δ weight
- —
- Value
- ₹0 L
- Δ value
- —
- Status
- Held
What changed, Nov 2025 to Dec 2025
New New positions (3)
- Dixon Technologies (India) Limited0.5% · ₹64.6 Cr
- ICICI Prudential Asset Management Company Limited0.4% · ₹44.3 Cr
- Kwality Walls (India) Limited0.0% · ₹1.4 Cr
Exited Exited (0)
None.
Added Biggest additions
- Eternal Limitedup ₹58.9 Cr (+0.48% pts)
- APL Apollo Tubes Limitedup ₹23.3 Cr (+0.19% pts)
- Bharat Petroleum Corporation Limited
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Nov 2025, the weight rose most in Consumer Durables (+0.5 pts) and Capital Markets (+0.4 pts), and fell most in Diversified FMCG (−0.9 pts) and Pharmaceuticals & Biotechnology (−0.4 pts).
- Consumer Durables4.0% → 4.5%+0.5 pts
- Capital Markets1.4% → 1.8%+0.4 pts
- Industrial Products5.0% → 5.4%+0.4 pts
- Retailing1.9% → 2.1%+0.2 pts
- Petroleum Products2.2% → 2.3%+0.2 pts
- Chemicals & Petrochemicals1.9% → 2.1%+0.1 pts
- Diversified FMCG1.3% → 0.4%−0.9 pts
- Pharmaceuticals & Biotechnology6.9% → 6.5%−0.4 pts
- IT - Software9.6% → 9.3%−0.3 pts
- Finance12.2% → 12.0%−0.2 pts
- Banks23.4% → 23.3%−0.1 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Dec 2022 | Dec 2024 | Jun 2025 | Sep 2025 | Nov 2025 | Dec 2025 |
|---|---|---|---|---|---|---|
| Banks | 23.6% | 18.3% | 21.6% | 20.5% | 23.4% | 23.3% |
| Finance | 11.8% | 12.7% | 15.0% | 15.7% | 12.2% | 12.0% |
| IT - Software | 8.9% | 10.6% | 9.4% | 8.5% | 9.6% | 9.3% |
| Pharmaceuticals & Biotechnology | 4.5% | 8.9% | 7.4% | 7.8% | 6.9% | 6.5% |
| Auto Components | 5.3% | 6.2% | 5.4% | 5.3% | 5.3% | 5.4% |
| Industrial Products | 6.7% | 7.2% | 4.3% | 4.5% | 5.0% | 5.4% |
| Telecom - Services | — | 2.1% | 3.8% | 3.3% | 5.0% | 4.9% |
| Consumer Durables | 4.9% | 5.2% | 5.3% | 4.8% | 4.0% | 4.5% |
| Insurance | 2.0% | 1.0% | 4.2% | 4.0% | 4.0% | 4.0% |
| Beverages | 1.6% | 2.3% | 2.2% | 2.4% | 2.6% | 2.7% |
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal.
Cash & debt, Dec 2025
1.7%
unchanged vs Nov 2025
- Cash alone
- 1.7%
- cash and net receivables
- A year earlier
- 3.8%
- Dec 2024 · now ▼ 2.1 pts
- Last 12 months
- 1.3% – 5.1%
- lowest to highest · record 7.0% in Feb 2024
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.