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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
₹11,989 Cr
down ₹338 Cr vs Dec 2025
- Stocks held
- 66
- unchanged
- Top 10 weight
- 42.4%
- of the portfolio in its ten largest
- Cash & debt
- 2.5%
- cash, money market and debt
- Moves this month
- 1 in · 1 out
- added to 10, trimmed 43
DSP Flexi Cap Fund is an active equity fund in the Flexi Cap category from DSP Mutual Fund. In January 2026 it disclosed 66 stocks worth ₹11,989 Cr, down ₹338 Cr from Dec 2025. Its largest positions were ICICI Bank Limited (6.6%), State Bank of India (6.3%), Axis Bank Limited (5.4%); the ten largest together made up 42.4% of the portfolio, and Banks was the biggest sector at 25.2% of its equity. Cash and debt stood at 2.5%. Compared with Dec 2025 the fund entered 1 new stock and exited 1.
Against 43 other Flexi Cap funds
Concentration
81%
Top-10 weight is higher than 81% of peers
Breadth
49%
Holds more stocks than 49% of peers
Cash
30%
Holds more cash than 30% of peers
Holdings in January 2026
Download CSVEvery line the fund disclosed, with the change against Dec 2025. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 6.64%
- Δ weight
- up 0.96 pts
- Value
- ₹796 Cr
- Δ value
- up ₹95.7 Cr
- Status
- Added
- Weight
- 6.31%
- Δ weight
- up 0.71 pts
- Value
- ₹757 Cr
- Δ value
- up ₹66.7 Cr
- Status
- Added
- Weight
- 5.35%
- Δ weight
- up 0.53 pts
- Value
- ₹642 Cr
- Δ value
- up ₹47.3 Cr
- Status
- Added
- Weight
- 4.97%
- Δ weight
- down 0.19 pts
- Value
- ₹596 Cr
- Δ value
- down ₹39.8 Cr
- Status
- Trimmed
- Weight
- 4.71%
- Δ weight
- down 0.77 pts
- Value
- ₹564 Cr
- Δ value
- down ₹110 Cr
- Status
- Trimmed
- Weight
- 3.21%
- Δ weight
- up 0.55 pts
- Value
- ₹385 Cr
- Δ value
- up ₹56.8 Cr
- Status
- Added
- Weight
- 3.11%
- Δ weight
- down 0.13 pts
- Value
- ₹373 Cr
- Δ value
- down ₹26 Cr
- Status
- Trimmed
- Weight
- 2.91%
- Δ weight
- up 0.08 pts
- Value
- ₹349 Cr
- Δ value
- up ₹2 L
- Status
- Held
- Weight
- 2.78%
- Δ weight
- down 0.09 pts
- Value
- ₹334 Cr
- Δ value
- down ₹20.8 Cr
- Status
- Trimmed
- Cash, TREPS & receivables
- Weight
- 2.55%
- Δ weight
- up 0.88 pts
- Value
- ₹305 Cr
- Δ value
- up ₹99.7 Cr
- Status
- Added
- Weight
- 2.44%
- Δ weight
- up 0.40 pts
- Value
- ₹293 Cr
- Δ value
- up ₹41.4 Cr
- Status
- Added
- Weight
- 2.41%
- Δ weight
- up 0.10 pts
- Value
- ₹289 Cr
- Δ value
- up ₹4.5 Cr
- Status
- Added
- Weight
- 2.31%
- Δ weight
- down 0.31 pts
- Value
- ₹277 Cr
- Δ value
- down ₹46.1 Cr
- Status
- Trimmed
- Weight
- 2.12%
- Δ weight
- down 0.02 pts
- Value
- ₹255 Cr
- Δ value
- down ₹9.2 Cr
- Status
- Trimmed
- Weight
- 2.09%
- Δ weight
- down 0.21 pts
- Value
- ₹250 Cr
- Δ value
- down ₹33.6 Cr
- Status
- Trimmed
- Weight
- 1.85%
- Δ weight
- down 0.01 pts
- Value
- ₹222 Cr
- Δ value
- down ₹6.9 Cr
- Status
- Trimmed
- Weight
- 1.85%
- Δ weight
- down 0.09 pts
- Value
- ₹222 Cr
- Δ value
- down ₹17.9 Cr
- Status
- Trimmed
- Weight
- 1.81%
- Δ weight
- down 0.04 pts
- Value
- ₹217 Cr
- Δ value
- down ₹11.7 Cr
- Status
- Trimmed
- Weight
- 1.74%
- Δ weight
- down 0.15 pts
- Value
- ₹209 Cr
- Δ value
- down ₹24.4 Cr
- Status
- Trimmed
- Weight
- 1.72%
- Δ weight
- down 0.14 pts
- Value
- ₹206 Cr
- Δ value
- down ₹22.6 Cr
- Status
- Trimmed
- Weight
- 1.71%
- Δ weight
- down 0.02 pts
- Value
- ₹205 Cr
- Δ value
- down ₹7.8 Cr
- Status
- Trimmed
- Weight
- 1.69%
- Δ weight
- down 0.28 pts
- Value
- ₹203 Cr
- Δ value
- down ₹39.7 Cr
- Status
- Trimmed
- Weight
- 1.61%
- Δ weight
- down 0.09 pts
- Value
- ₹193 Cr
- Δ value
- down ₹16.7 Cr
- Status
- Trimmed
- Weight
- 1.57%
- Δ weight
- up 0.02 pts
- Value
- ₹188 Cr
- Δ value
- down ₹3 Cr
- Status
- Trimmed
- Weight
- 1.57%
- Δ weight
- down 0.31 pts
- Value
- ₹188 Cr
- Δ value
- down ₹43.9 Cr
- Status
- Trimmed
- Weight
- 1.46%
- Δ weight
- up 0.68 pts
- Value
- ₹175 Cr
- Δ value
- up ₹79.3 Cr
- Status
- Added
- Weight
- 1.42%
- Δ weight
- down 0.10 pts
- Value
- ₹170 Cr
- Δ value
- down ₹16.7 Cr
- Status
- Trimmed
- Weight
- 1.42%
- Δ weight
- down 0.08 pts
- Value
- ₹170 Cr
- Δ value
- down ₹14.3 Cr
- Status
- Trimmed
- Weight
- 1.39%
- Δ weight
- down 0.55 pts
- Value
- ₹166 Cr
- Δ value
- down ₹72 Cr
- Status
- Trimmed
- Weight
- 1.35%
- Δ weight
- down 0.05 pts
- Value
- ₹162 Cr
- Δ value
- down ₹10.2 Cr
- Status
- Trimmed
- Weight
- 1.34%
- Δ weight
- up 0.12 pts
- Value
- ₹161 Cr
- Δ value
- up ₹10.1 Cr
- Status
- Added
- Weight
- 1.29%
- Δ weight
- down 0.10 pts
- Value
- ₹155 Cr
- Δ value
- down ₹16.4 Cr
- Status
- Trimmed
- Weight
- 1.28%
- Δ weight
- down 0.37 pts
- Value
- ₹153 Cr
- Δ value
- down ₹50.1 Cr
- Status
- Trimmed
- Weight
- 1.24%
- Δ weight
- up <0.01 pts
- Value
- ₹149 Cr
- Δ value
- down ₹3.7 Cr
- Status
- Trimmed
- Weight
- 1.14%
- Δ weight
- up 0.22 pts
- Value
- ₹137 Cr
- Δ value
- up ₹23 Cr
- Status
- Added
- Weight
- 1.12%
- Δ weight
- up 0.05 pts
- Value
- ₹134 Cr
- Δ value
- up ₹2.6 Cr
- Status
- Added
- Weight
- 1.02%
- Δ weight
- down <0.01 pts
- Value
- ₹122 Cr
- Δ value
- down ₹3.6 Cr
- Status
- Trimmed
- Weight
- 0.99%
- Δ weight
- up 0.99 pts
- Value
- ₹119 Cr
- Δ value
- up ₹119 Cr
- Status
- New
- Weight
- 0.91%
- Δ weight
- down 0.12 pts
- Value
- ₹109 Cr
- Δ value
- down ₹17.4 Cr
- Status
- Trimmed
- Weight
- 0.90%
- Δ weight
- down 0.70 pts
- Value
- ₹108 Cr
- Δ value
- down ₹88.9 Cr
- Status
- Trimmed
- Weight
- 0.86%
- Δ weight
- down 0.29 pts
- Value
- ₹103 Cr
- Δ value
- down ₹38.7 Cr
- Status
- Trimmed
- Weight
- 0.83%
- Δ weight
- up 0.06 pts
- Value
- ₹100 Cr
- Δ value
- up ₹4.4 Cr
- Status
- Added
- Weight
- 0.80%
- Δ weight
- up 0.04 pts
- Value
- ₹96 Cr
- Δ value
- up ₹1.9 Cr
- Status
- Added
- Weight
- 0.78%
- Δ weight
- down 0.27 pts
- Value
- ₹93.6 Cr
- Δ value
- down ₹36.1 Cr
- Status
- Trimmed
- Weight
- 0.76%
- Δ weight
- down 0.25 pts
- Value
- ₹91.2 Cr
- Δ value
- down ₹33 Cr
- Status
- Trimmed
- Weight
- 0.68%
- Δ weight
- up 0.07 pts
- Value
- ₹81.3 Cr
- Δ value
- up ₹6.4 Cr
- Status
- Added
- Weight
- 0.58%
- Δ weight
- up 0.02 pts
- Value
- ₹69.9 Cr
- Δ value
- down ₹9 L
- Status
- Held
- Weight
- 0.52%
- Δ weight
- down 0.04 pts
- Value
- ₹62.1 Cr
- Δ value
- down ₹6.8 Cr
- Status
- Trimmed
- Weight
- 0.52%
- Δ weight
- down 0.03 pts
- Value
- ₹61.8 Cr
- Δ value
- down ₹5.9 Cr
- Status
- Trimmed
- Weight
- 0.51%
- Δ weight
- down 0.02 pts
- Value
- ₹61.6 Cr
- Δ value
- down ₹4.4 Cr
- Status
- Trimmed
- Weight
- 0.49%
- Δ weight
- down 0.01 pts
- Value
- ₹58.7 Cr
- Δ value
- down ₹3 Cr
- Status
- Trimmed
- Weight
- 0.46%
- Δ weight
- down 0.06 pts
- Value
- ₹55.7 Cr
- Δ value
- down ₹8.8 Cr
- Status
- Trimmed
- Weight
- 0.44%
- Δ weight
- up 0.02 pts
- Value
- ₹52.5 Cr
- Δ value
- up ₹60 L
- Status
- Added
- Weight
- 0.41%
- Δ weight
- up 0.05 pts
- Value
- ₹49.5 Cr
- Δ value
- up ₹5.2 Cr
- Status
- Added
- Weight
- 0.40%
- Δ weight
- up 0.02 pts
- Value
- ₹48.5 Cr
- Δ value
- up ₹1.2 Cr
- Status
- Added
- Weight
- 0.39%
- Δ weight
- down 0.08 pts
- Value
- ₹46.5 Cr
- Δ value
- down ₹11.2 Cr
- Status
- Trimmed
- Weight
- 0.36%
- Δ weight
- up 0.02 pts
- Value
- ₹43.4 Cr
- Δ value
- up ₹1.3 Cr
- Status
- Added
- Weight
- 0.36%
- Δ weight
- down 0.02 pts
- Value
- ₹42.8 Cr
- Δ value
- down ₹4 Cr
- Status
- Trimmed
- Weight
- 0.16%
- Δ weight
- down <0.01 pts
- Value
- ₹19 Cr
- Δ value
- down ₹85 L
- Status
- Trimmed
- Weight
- 0.16%
- Δ weight
- down 0.19 pts
- Value
- ₹18.7 Cr
- Δ value
- down ₹24.1 Cr
- Status
- Trimmed
- Weight
- 0.10%
- Δ weight
- down 0.01 pts
- Value
- ₹12.3 Cr
- Δ value
- down ₹1.3 Cr
- Status
- Trimmed
- Weight
- 0.06%
- Δ weight
- up <0.01 pts
- Value
- ₹7.3 Cr
- Δ value
- down ₹10 L
- Status
- Trimmed
- Weight
- 0.02%
- Δ weight
- down <0.01 pts
- Value
- ₹2.2 Cr
- Δ value
- down ₹9 L
- Status
- Trimmed
- Weight
- 0.01%
- Δ weight
- up <0.01 pts
- Value
- ₹1.7 Cr
- Δ value
- down ₹1 L
- Status
- Trimmed
- Weight
- 0.01%
- Δ weight
- up <0.01 pts
- Value
- ₹1.4 Cr
- Δ value
- —
- Status
- Held
- Weight
- 0.00%
- Δ weight
- —
- Value
- ₹0 L
- Δ value
- —
- Status
- Held
- Magnasound (India) Limited
- Weight
- 0.00%
- Δ weight
- —
- Value
- ₹0 L
- Δ value
- —
- Status
- Held
What changed, Dec 2025 to Jan 2026
New New positions (1)
- SBI Life Insurance Company Limited1.0% · ₹119 Cr
Exited Exited (1)
- Crompton Greaves Consumer Electricals Limitedwas 0.4% · ₹53.1 Cr
Added Biggest additions
- ICICI Bank Limitedup ₹95.7 Cr (+0.96% pts)
- Eternal Limitedup ₹79.3 Cr (+0.68% pts)
- State Bank of Indiaup ₹66.7 Cr (+0.71% pts)
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 Dec 2025, the weight rose most in Banks (+1.9 pts) and Insurance (+0.8 pts), and fell most in Pharmaceuticals & Biotechnology (−0.9 pts) and Chemicals & Petrochemicals (−0.7 pts).
- Banks23.3% → 25.2%+1.9 pts
- Insurance4.0% → 4.8%+0.8 pts
- Retailing2.1% → 2.8%+0.7 pts
- Oil0.9% → 1.2%+0.2 pts
- IT - Software9.3% → 9.4%+0.1 pts
- Pharmaceuticals & Biotechnology6.5% → 5.6%−0.9 pts
- Chemicals & Petrochemicals2.1% → 1.4%−0.7 pts
- Consumer Durables4.5% → 4.0%−0.6 pts
- Healthcare Services2.2% → 1.8%−0.4 pts
- Beverages2.7% → 2.4%−0.3 pts
- Auto Components5.4% → 5.2%−0.2 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 | Jan 2023 | Jan 2025 | Jul 2025 | Oct 2025 | Dec 2025 | Jan 2026 |
|---|---|---|---|---|---|---|
| Banks | 22.3% | 18.6% | 21.4% | 22.5% | 23.3% | 25.2% |
| Finance | 12.4% | 14.3% | 14.9% | 12.5% | 12.0% | 11.9% |
| IT - Software | 8.7% | 10.5% | 8.7% | 9.3% | 9.3% | 9.4% |
| Pharmaceuticals & Biotechnology | 4.7% | 8.5% | 7.8% | 7.4% | 6.5% | 5.6% |
| Industrial Products | 7.3% | 6.9% | 4.4% | 5.0% | 5.4% | 5.3% |
| Auto Components | 5.6% | 6.0% | 4.8% | 5.1% | 5.4% | 5.2% |
| Insurance | 2.3% | 1.1% | 4.1% | 3.9% | 4.0% | 4.8% |
| Telecom - Services | — | 3.9% | 3.5% | 4.0% | 4.9% | 4.8% |
| Consumer Durables | 4.7% | 5.2% | 5.2% | 4.6% | 4.5% | 4.0% |
| Retailing | 3.9% | 2.1% | 2.3% | 1.8% | 2.1% | 2.8% |
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, Jan 2026
2.5%
▲ 0.9 pts vs Dec 2025
- Cash alone
- 2.6%
- cash and net receivables
- A year earlier
- 3.7%
- Jan 2025 · now ▼ 1.2 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.