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Focused · DSP Mutual Fund · AMFI code 112901DSP Focused Fund
Disclosed for 17 months, May 2025 to Sep 2026.
Portfolio value
₹2,687 Cr
down ₹20.4 Cr vs Nov 2025
- Stocks held
- 29
- unchanged
- Top 10 weight
- 48.8%
- of the portfolio in its ten largest
- Cash & debt
- 6.7%
- cash, money market and debt
- Moves this month
- 0 in · 0 out
- added to 10, trimmed 16
DSP Focused Fund is an active equity fund in the Focused category from DSP Mutual Fund. In December 2025 it disclosed 29 stocks worth ₹2,687 Cr, down ₹20.4 Cr from Nov 2025. Its largest positions were ICICI Bank Limited (6.7%), Bajaj Finance Limited (6.3%), State Bank of India (5.3%); the ten largest together made up 48.8% of the portfolio, and Banks was the biggest sector at 23.4% of its equity. Cash and debt stood at 6.7%. Compared with Nov 2025 the fund entered 0 new stocks and exited 0.
Against 23 other Focused funds
Concentration
39%
Top-10 weight is higher than 39% of peers
Breadth
35%
Holds more stocks than 35% of peers
Cash
70%
Holds more cash than 70% 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
- 6.72%
- Δ weight
- up 0.83 pts
- Value
- ₹181 Cr
- Δ value
- up ₹21.1 Cr
- Status
- Added
- Cash, TREPS & receivables
- Weight
- 6.72%
- Δ weight
- down 0.64 pts
- Value
- ₹180 Cr
- Δ value
- down ₹18.6 Cr
- Status
- Trimmed
- Weight
- 6.32%
- Δ weight
- down 0.27 pts
- Value
- ₹170 Cr
- Δ value
- down ₹8.7 Cr
- Status
- Trimmed
- Weight
- 5.25%
- Δ weight
- up 0.06 pts
- Value
- ₹141 Cr
- Δ value
- up ₹46 L
- Status
- Held
- Weight
- 5.00%
- Δ weight
- down 0.04 pts
- Value
- ₹134 Cr
- Δ value
- down ₹2.2 Cr
- Status
- Trimmed
- Weight
- 4.87%
- Δ weight
- down <0.01 pts
- Value
- ₹131 Cr
- Δ value
- down ₹1.1 Cr
- Status
- Trimmed
- Weight
- 4.36%
- Δ weight
- up 0.04 pts
- Value
- ₹117 Cr
- Δ value
- up ₹22 L
- Status
- Held
- Weight
- 4.25%
- Δ weight
- up 0.76 pts
- Value
- ₹114 Cr
- Δ value
- up ₹19.7 Cr
- Status
- Added
- Weight
- 4.10%
- Δ weight
- down 0.05 pts
- Value
- ₹110 Cr
- Δ value
- down ₹2.2 Cr
- Status
- Trimmed
- Weight
- 3.95%
- Δ weight
- down 0.55 pts
- Value
- ₹106 Cr
- Δ value
- down ₹15.7 Cr
- Status
- Trimmed
- Weight
- 3.92%
- Δ weight
- down 0.06 pts
- Value
- ₹105 Cr
- Δ value
- down ₹2.5 Cr
- Status
- Trimmed
- Weight
- 3.86%
- Δ weight
- up 0.27 pts
- Value
- ₹104 Cr
- Δ value
- up ₹6.5 Cr
- Status
- Added
- Weight
- 3.53%
- Δ weight
- down 0.30 pts
- Value
- ₹94.7 Cr
- Δ value
- down ₹8.8 Cr
- Status
- Trimmed
- Weight
- 3.40%
- Δ weight
- up 0.05 pts
- Value
- ₹91.4 Cr
- Δ value
- up ₹56 L
- Status
- Added
- Weight
- 2.90%
- Δ weight
- up 0.08 pts
- Value
- ₹78 Cr
- Δ value
- up ₹1.5 Cr
- Status
- Added
- Weight
- 2.80%
- Δ weight
- up 0.12 pts
- Value
- ₹75.3 Cr
- Δ value
- up ₹2.5 Cr
- Status
- Added
- Weight
- 2.75%
- Δ weight
- up 0.10 pts
- Value
- ₹73.8 Cr
- Δ value
- up ₹2.2 Cr
- Status
- Added
- Weight
- 2.73%
- Δ weight
- down 0.13 pts
- Value
- ₹73.3 Cr
- Δ value
- down ₹4.2 Cr
- Status
- Trimmed
- Weight
- 2.68%
- Δ weight
- down 0.12 pts
- Value
- ₹72.1 Cr
- Δ value
- down ₹3.7 Cr
- Status
- Trimmed
- Weight
- 2.39%
- Δ weight
- up 0.03 pts
- Value
- ₹64.3 Cr
- Δ value
- up ₹27 L
- Status
- Held
- Weight
- 2.21%
- Δ weight
- down 0.27 pts
- Value
- ₹59.4 Cr
- Δ value
- down ₹7.6 Cr
- Status
- Trimmed
- Weight
- 2.20%
- Δ weight
- up 0.12 pts
- Value
- ₹59.2 Cr
- Δ value
- up ₹2.7 Cr
- Status
- Added
- Weight
- 2.10%
- Δ weight
- up 0.17 pts
- Value
- ₹56.3 Cr
- Δ value
- up ₹4.3 Cr
- Status
- Added
- Weight
- 1.94%
- Δ weight
- down 0.02 pts
- Value
- ₹52.3 Cr
- Δ value
- down ₹1.1 Cr
- Status
- Trimmed
- Weight
- 1.78%
- Δ weight
- down 0.03 pts
- Value
- ₹47.9 Cr
- Δ value
- down ₹1.3 Cr
- Status
- Trimmed
- Weight
- 1.78%
- Δ weight
- down 0.03 pts
- Value
- ₹47.7 Cr
- Δ value
- down ₹1.1 Cr
- Status
- Trimmed
- Weight
- 1.73%
- Δ weight
- down 0.01 pts
- Value
- ₹46.6 Cr
- Δ value
- down ₹55 L
- Status
- Trimmed
- Weight
- 1.39%
- Δ weight
- up 0.05 pts
- Value
- ₹37.5 Cr
- Δ value
- up ₹1.1 Cr
- Status
- Added
- Weight
- 1.19%
- Δ weight
- down 0.07 pts
- Value
- ₹31.9 Cr
- Δ value
- down ₹2.2 Cr
- Status
- Trimmed
- Weight
- 1.16%
- Δ weight
- down 0.07 pts
- Value
- ₹31.1 Cr
- Δ value
- down ₹2.1 Cr
- Status
- Trimmed
What changed, Nov 2025 to Dec 2025
New New positions (0)
None.
Exited Exited (0)
None.
Added Biggest additions
- ICICI Bank Limitedup ₹21.1 Cr (+0.83% pts)
- SBI Life Insurance Company Limitedup ₹19.7 Cr (+0.76% pts)
- The Phoenix Mills Limitedup ₹6.5 Cr (+0.27% pts)
- Manappuram Finance Limitedup ₹4.3 Cr (+0.17% pts)
- Tech Mahindra Limitedup ₹2.7 Cr (+0.12% 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 Nov 2025, the weight rose most in Insurance (+0.8 pts) and Banks (+0.7 pts), and fell most in IT - Software (−0.5 pts) and Petroleum Products (−0.3 pts).
- Insurance3.8% → 4.6%+0.8 pts
- Banks22.7% → 23.4%+0.7 pts
- Realty3.9% → 4.1%+0.3 pts
- IT - Software10.7% → 10.2%−0.5 pts
- Petroleum Products4.1% → 3.8%−0.3 pts
- Food Products2.7% → 2.4%−0.3 pts
- Finance15.8% → 15.5%−0.3 pts
- Pharmaceuticals & Biotechnology5.6% → 5.4%−0.2 pts
- Fertilizers & Agrochemicals3.0% → 2.9%−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 | Jun 2025 | Sep 2025 | Nov 2025 | Dec 2025 |
|---|---|---|---|---|
| Banks | 17.1% | 20.3% | 22.7% | 23.4% |
| Finance | 15.6% | 18.5% | 15.8% | 15.5% |
| IT - Software | 11.5% | 10.6% | 10.7% | 10.2% |
| Industrial Products | 8.1% | 6.6% | 6.1% | 6.0% |
| Pharmaceuticals & Biotechnology | 6.5% | 6.4% | 5.6% | 5.4% |
| Consumer Durables | 5.4% | 5.0% | 4.9% | 4.9% |
| Telecom - Services | 3.6% | 3.5% | 4.7% | 4.7% |
| Insurance | 3.0% | 3.0% | 3.8% | 4.6% |
| Realty | 3.6% | 3.7% | 3.9% | 4.1% |
| Petroleum Products | 3.9% | 4.1% | 4.1% | 3.8% |
Allocation in Dec 2025change vs Nov 2025
- Banks (4)23.4%▲ 0.7 pts
- Finance (4)15.5%▼ 0.3 pts
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
6.7%
▼ 0.6 pts vs Nov 2025
- Cash alone
- 6.7%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 5.8% – 8.1%
- lowest to highest · record 8.1% in Jul 2025
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.