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Focused · DSP Mutual Fund · AMFI code 112901DSP Focused Fund
Disclosed for 17 months, May 2025 to Sep 2026.
Portfolio value
₹2,295 Cr
down ₹312 Cr vs Feb 2026
- Stocks held
- 28
- down 1 vs Feb 2026
- Top 10 weight
- 48.3%
- of the portfolio in its ten largest
- Cash & debt
- 10.7%
- cash, money market and debt
- Moves this month
- 0 in · 1 out
- added to 5, trimmed 23
DSP Focused Fund is an active equity fund in the Focused category from DSP Mutual Fund. In March 2026 it disclosed 28 stocks worth ₹2,295 Cr, down ₹312 Cr from Feb 2026. Its largest positions were ICICI Bank Limited (9.0%), HDFC Bank Limited (7.1%), Axis Bank Limited (5.2%); the ten largest together made up 48.3% of the portfolio, and Banks was the biggest sector at 27.8% of its equity. Cash and debt stood at 10.7%. Compared with Feb 2026 the fund entered 0 new stocks and exited 1.
Against 23 other Focused funds
Concentration
39%
Top-10 weight is higher than 39% of peers
Breadth
17%
Holds more stocks than 17% of peers
Cash
100%
Holds more cash than 100% of peers
Holdings in March 2026
Download CSVEvery line the fund disclosed, with the change against Feb 2026. Click a column to sort; click a company to see every fund that owns it.
- Cash, TREPS & receivables
- Weight
- 10.69%
- Δ weight
- up 2.13 pts
- Value
- ₹245 Cr
- Δ value
- up ₹22.2 Cr
- Status
- Added
- Weight
- 9.02%
- Δ weight
- down 0.06 pts
- Value
- ₹207 Cr
- Δ value
- down ₹29.7 Cr
- Status
- Trimmed
- Weight
- 7.08%
- Δ weight
- up 1.51 pts
- Value
- ₹162 Cr
- Δ value
- up ₹17.2 Cr
- Status
- Added
- Weight
- 5.22%
- Δ weight
- down 0.26 pts
- Value
- ₹120 Cr
- Δ value
- down ₹22.9 Cr
- Status
- Trimmed
- Weight
- 4.35%
- Δ weight
- down 0.04 pts
- Value
- ₹99.8 Cr
- Δ value
- down ₹14.6 Cr
- Status
- Trimmed
- Weight
- 4.32%
- Δ weight
- up 0.31 pts
- Value
- ₹99.1 Cr
- Δ value
- down ₹5.4 Cr
- Status
- Trimmed
- Weight
- 3.82%
- Δ weight
- down 0.48 pts
- Value
- ₹87.7 Cr
- Δ value
- down ₹24.3 Cr
- Status
- Trimmed
- Weight
- 3.70%
- Δ weight
- up 0.59 pts
- Value
- ₹85 Cr
- Δ value
- up ₹3.8 Cr
- Status
- Added
- Weight
- 3.67%
- Δ weight
- up 0.11 pts
- Value
- ₹84.2 Cr
- Δ value
- down ₹8.5 Cr
- Status
- Trimmed
- Weight
- 3.59%
- Δ weight
- down 1.70 pts
- Value
- ₹82.3 Cr
- Δ value
- down ₹55.6 Cr
- Status
- Trimmed
- Weight
- 3.53%
- Δ weight
- down 0.80 pts
- Value
- ₹81.1 Cr
- Δ value
- down ₹32 Cr
- Status
- Trimmed
- Weight
- 3.42%
- Δ weight
- up 0.51 pts
- Value
- ₹78.4 Cr
- Δ value
- up ₹2.7 Cr
- Status
- Added
- Weight
- 3.11%
- Δ weight
- up 0.40 pts
- Value
- ₹71.4 Cr
- Δ value
- up ₹74 L
- Status
- Added
- Weight
- 3.08%
- Δ weight
- up 0.26 pts
- Value
- ₹70.8 Cr
- Δ value
- down ₹2.8 Cr
- Status
- Trimmed
- Weight
- 3.05%
- Δ weight
- down 0.33 pts
- Value
- ₹70 Cr
- Δ value
- down ₹18.1 Cr
- Status
- Trimmed
- Weight
- 2.79%
- Δ weight
- down 0.33 pts
- Value
- ₹64 Cr
- Δ value
- down ₹17.2 Cr
- Status
- Trimmed
- Weight
- 2.78%
- Δ weight
- up 0.22 pts
- Value
- ₹63.7 Cr
- Δ value
- down ₹3 Cr
- Status
- Trimmed
- Weight
- 2.60%
- Δ weight
- down 0.54 pts
- Value
- ₹59.7 Cr
- Δ value
- down ₹22.2 Cr
- Status
- Trimmed
- Weight
- 2.43%
- Δ weight
- up 0.10 pts
- Value
- ₹55.8 Cr
- Δ value
- down ₹5 Cr
- Status
- Trimmed
- Weight
- 2.24%
- Δ weight
- up 0.31 pts
- Value
- ₹51.5 Cr
- Δ value
- up ₹98 L
- Status
- Added
- Weight
- 2.23%
- Δ weight
- down 0.36 pts
- Value
- ₹51.1 Cr
- Δ value
- down ₹16.4 Cr
- Status
- Trimmed
- Weight
- 2.01%
- Δ weight
- up 0.16 pts
- Value
- ₹46.2 Cr
- Δ value
- down ₹2.2 Cr
- Status
- Trimmed
- Weight
- 2.01%
- Δ weight
- down 0.05 pts
- Value
- ₹46.2 Cr
- Δ value
- down ₹7.6 Cr
- Status
- Trimmed
- Weight
- 1.96%
- Δ weight
- up 0.10 pts
- Value
- ₹44.9 Cr
- Δ value
- down ₹3.6 Cr
- Status
- Trimmed
- Weight
- 1.88%
- Δ weight
- down 0.33 pts
- Value
- ₹43.2 Cr
- Δ value
- down ₹14.5 Cr
- Status
- Trimmed
- Weight
- 1.74%
- Δ weight
- up 0.17 pts
- Value
- ₹40 Cr
- Δ value
- down ₹1.1 Cr
- Status
- Trimmed
- Weight
- 1.68%
- Δ weight
- up 0.08 pts
- Value
- ₹38.5 Cr
- Δ value
- down ₹3.2 Cr
- Status
- Trimmed
- Weight
- 1.22%
- Δ weight
- up 0.01 pts
- Value
- ₹28 Cr
- Δ value
- down ₹3.6 Cr
- Status
- Trimmed
- Weight
- 0.77%
- Δ weight
- up 0.07 pts
- Value
- ₹17.8 Cr
- Δ value
- down ₹50 L
- Status
- Trimmed
What changed, Feb 2026 to Mar 2026
New New positions (0)
None.
Exited Exited (1)
- Manappuram Finance Limitedwas 1.8% · ₹45.8 Cr
Added Biggest additions
- HDFC Bank Limitedup ₹17.2 Cr (+1.51% pts)
- IPCA Laboratories Limitedup ₹3.8 Cr (+0.59% pts)
- Coforge Limitedup ₹2.7 Cr (+0.51% pts)
- Tech Mahindra Limitedup ₹98 L (+0.31% 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 Feb 2026, the weight rose most in IT - Software (+1.4 pts) and Banks (+1.1 pts), and fell most in Finance (−3.9 pts) and Petroleum Products (−0.5 pts).
- IT - Software8.4% → 9.8%+1.4 pts
- Banks26.8% → 27.8%+1.1 pts
- Pharmaceuticals & Biotechnology4.2% → 5.0%+0.8 pts
- Fertilizers & Agrochemicals3.0% → 3.5%+0.5 pts
- Telecom - Services4.4% → 4.8%+0.5 pts
- Leisure Services1.7% → 2.0%+0.2 pts
- Finance15.0% → 11.0%−3.9 pts
- Petroleum Products3.4% → 2.9%−0.5 pts
- Gas2.8% → 2.5%−0.3 pts
- Auto Components3.4% → 3.1%−0.3 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 | Sep 2025 | Dec 2025 | Feb 2026 | Mar 2026 |
|---|---|---|---|---|
| Banks | 20.3% | 23.4% | 26.8% | 27.8% |
| Finance | 18.5% | 15.5% | 15.0% | 11.0% |
| IT - Software | 10.6% | 10.2% | 8.4% | 9.8% |
| Industrial Products | 6.6% | 6.0% | 5.7% | 5.7% |
| Consumer Durables | 5.0% | 4.9% | 5.2% | 5.2% |
| Pharmaceuticals & Biotechnology | 6.4% | 5.4% | 4.2% | 5.0% |
| Insurance | 3.0% | 4.6% | 4.8% | 4.9% |
| Telecom - Services | 3.5% | 4.7% | 4.4% | 4.8% |
| Realty | 3.7% | 4.1% | 3.9% | 4.1% |
| Fertilizers & Agrochemicals | 3.0% | 2.9% | 3.0% | 3.5% |
Allocation in Mar 2026change vs Feb 2026
- Banks (4)27.8%▲ 1.1 pts
- Finance (3)11.0%▼ 3.9 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, Mar 2026
10.7%
▲ 2.1 pts vs Feb 2026
- Cash alone
- 10.7%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 5.8% – 10.7%
- lowest to highest · record 10.7% in Mar 2026
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.