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Multi Cap · DSP Mutual Fund · AMFI code 152307DSP Multi Cap Fund
Disclosed for 32 months, Feb 2024 to Sep 2026.Published as: DSP Multi Cap Fund (Ex DSP Multi Cap Fund)
Portfolio value
₹2,585 Cr
down ₹96.7 Cr vs Dec 2025
- Stocks held
- 68
- down 2 vs Dec 2025
- Top 10 weight
- 30.6%
- of the portfolio in its ten largest
- Cash & debt
- 4.1%
- cash, money market and debt
- Moves this month
- 0 in · 2 out
- added to 10, trimmed 52
DSP Multi Cap Fund is an active equity fund in the Multi Cap category from DSP Mutual Fund. In January 2026 it disclosed 68 stocks worth ₹2,585 Cr, down ₹96.7 Cr from Dec 2025. Its largest positions were Axis Bank Limited (4.7%), HDFC Bank Limited (4.0%), Nippon Life India Asset Management Limited (3.2%); the ten largest together made up 30.6% of the portfolio, and Banks was the biggest sector at 14.1% of its equity. Cash and debt stood at 4.1%. Compared with Dec 2025 the fund entered 0 new stocks and exited 2.
Against 32 other Multi Cap funds
Concentration
78%
Top-10 weight is higher than 78% of peers
Breadth
22%
Holds more stocks than 22% of peers
Cash
41%
Holds more cash than 41% 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
- 4.70%
- Δ weight
- up 0.50 pts
- Value
- ₹122 Cr
- Δ value
- up ₹9 Cr
- Status
- Added
- Cash, TREPS & receivables
- Weight
- 4.07%
- Δ weight
- up 0.50 pts
- Value
- ₹105 Cr
- Δ value
- up ₹9.5 Cr
- Status
- Added
- Weight
- 3.99%
- Δ weight
- down 0.11 pts
- Value
- ₹103 Cr
- Δ value
- down ₹6.9 Cr
- Status
- Trimmed
- Weight
- 3.18%
- Δ weight
- up 0.11 pts
- Value
- ₹82.3 Cr
- Δ value
- down ₹15 L
- Status
- Held
- Weight
- 3.07%
- Δ weight
- down 0.02 pts
- Value
- ₹79.5 Cr
- Δ value
- down ₹3.4 Cr
- Status
- Trimmed
- Weight
- 2.92%
- Δ weight
- up 0.13 pts
- Value
- ₹75.5 Cr
- Δ value
- up ₹67 L
- Status
- Added
- Weight
- 2.72%
- Δ weight
- up <0.01 pts
- Value
- ₹70.4 Cr
- Δ value
- down ₹2.5 Cr
- Status
- Trimmed
- Weight
- 2.71%
- Δ weight
- down 0.09 pts
- Value
- ₹70 Cr
- Δ value
- down ₹5 Cr
- Status
- Trimmed
- Weight
- 2.53%
- Δ weight
- up 0.25 pts
- Value
- ₹65.5 Cr
- Δ value
- up ₹4.2 Cr
- Status
- Added
- Weight
- 2.44%
- Δ weight
- down 0.24 pts
- Value
- ₹63 Cr
- Δ value
- down ₹8.9 Cr
- Status
- Trimmed
- Weight
- 2.34%
- Δ weight
- up 0.07 pts
- Value
- ₹60.6 Cr
- Δ value
- down ₹34 L
- Status
- Trimmed
- Weight
- 2.31%
- Δ weight
- up 0.29 pts
- Value
- ₹59.8 Cr
- Δ value
- up ₹5.7 Cr
- Status
- Added
- Weight
- 2.30%
- Δ weight
- down 0.03 pts
- Value
- ₹59.5 Cr
- Δ value
- down ₹2.9 Cr
- Status
- Trimmed
- Weight
- 2.15%
- Δ weight
- down 0.26 pts
- Value
- ₹55.7 Cr
- Δ value
- down ₹9 Cr
- Status
- Trimmed
- Weight
- 1.99%
- Δ weight
- up 0.58 pts
- Value
- ₹51.5 Cr
- Δ value
- up ₹13.6 Cr
- Status
- Added
- Weight
- 1.96%
- Δ weight
- up 0.20 pts
- Value
- ₹50.7 Cr
- Δ value
- up ₹3.4 Cr
- Status
- Added
- Weight
- 1.91%
- Δ weight
- down 0.08 pts
- Value
- ₹49.4 Cr
- Δ value
- down ₹4 Cr
- Status
- Trimmed
- Weight
- 1.88%
- Δ weight
- up 0.05 pts
- Value
- ₹48.5 Cr
- Δ value
- down ₹60 L
- Status
- Trimmed
- Weight
- 1.83%
- Δ weight
- up 0.10 pts
- Value
- ₹47.3 Cr
- Δ value
- up ₹84 L
- Status
- Added
- Weight
- 1.82%
- Δ weight
- up 0.09 pts
- Value
- ₹47 Cr
- Δ value
- up ₹74 L
- Status
- Added
- Weight
- 1.71%
- Δ weight
- up 0.12 pts
- Value
- ₹44.2 Cr
- Δ value
- up ₹1.5 Cr
- Status
- Added
- Weight
- 1.66%
- Δ weight
- down 0.09 pts
- Value
- ₹42.8 Cr
- Δ value
- down ₹4 Cr
- Status
- Trimmed
- Weight
- 1.65%
- Δ weight
- down 0.51 pts
- Value
- ₹42.7 Cr
- Δ value
- down ₹15.3 Cr
- Status
- Trimmed
- Weight
- 1.61%
- Δ weight
- down <0.01 pts
- Value
- ₹41.6 Cr
- Δ value
- down ₹1.6 Cr
- Status
- Trimmed
- Weight
- 1.60%
- Δ weight
- down 0.12 pts
- Value
- ₹41.4 Cr
- Δ value
- down ₹4.8 Cr
- Status
- Trimmed
- Weight
- 1.52%
- Δ weight
- up 0.02 pts
- Value
- ₹39.4 Cr
- Δ value
- down ₹81 L
- Status
- Trimmed
- Weight
- 1.50%
- Δ weight
- down 0.02 pts
- Value
- ₹38.9 Cr
- Δ value
- down ₹2.1 Cr
- Status
- Trimmed
- Weight
- 1.43%
- Δ weight
- down 0.29 pts
- Value
- ₹36.9 Cr
- Δ value
- down ₹9.3 Cr
- Status
- Trimmed
- Weight
- 1.40%
- Δ weight
- up 0.01 pts
- Value
- ₹36.3 Cr
- Δ value
- down ₹1.1 Cr
- Status
- Trimmed
- Weight
- 1.40%
- Δ weight
- down 0.01 pts
- Value
- ₹36.1 Cr
- Δ value
- down ₹1.6 Cr
- Status
- Trimmed
- Weight
- 1.34%
- Δ weight
- down 0.08 pts
- Value
- ₹34.8 Cr
- Δ value
- down ₹3.4 Cr
- Status
- Trimmed
- Weight
- 1.32%
- Δ weight
- up 0.18 pts
- Value
- ₹34.2 Cr
- Δ value
- up ₹3.5 Cr
- Status
- Added
- Weight
- 1.31%
- Δ weight
- down 0.03 pts
- Value
- ₹33.8 Cr
- Δ value
- down ₹1.9 Cr
- Status
- Trimmed
- Weight
- 1.26%
- Δ weight
- down 0.02 pts
- Value
- ₹32.7 Cr
- Δ value
- down ₹1.6 Cr
- Status
- Trimmed
- Weight
- 1.20%
- Δ weight
- down 0.06 pts
- Value
- ₹31 Cr
- Δ value
- down ₹2.7 Cr
- Status
- Trimmed
- Weight
- 1.15%
- Δ weight
- up 0.03 pts
- Value
- ₹29.8 Cr
- Δ value
- down ₹35 L
- Status
- Trimmed
- Weight
- 1.11%
- Δ weight
- up 0.03 pts
- Value
- ₹28.7 Cr
- Δ value
- down ₹16 L
- Status
- Trimmed
- Weight
- 1.10%
- Δ weight
- up 0.12 pts
- Value
- ₹28.5 Cr
- Δ value
- up ₹2.1 Cr
- Status
- Added
- Weight
- 1.10%
- Δ weight
- up 0.05 pts
- Value
- ₹28.5 Cr
- Δ value
- up ₹35 L
- Status
- Added
- Weight
- 1.10%
- Δ weight
- down 0.08 pts
- Value
- ₹28.3 Cr
- Δ value
- down ₹3.1 Cr
- Status
- Trimmed
- Weight
- 1.09%
- Δ weight
- up 0.08 pts
- Value
- ₹28.2 Cr
- Δ value
- up ₹99 L
- Status
- Added
- Weight
- 1.08%
- Δ weight
- down 0.07 pts
- Value
- ₹27.9 Cr
- Δ value
- down ₹3 Cr
- Status
- Trimmed
- Weight
- 1.07%
- Δ weight
- down 0.02 pts
- Value
- ₹27.7 Cr
- Δ value
- down ₹1.5 Cr
- Status
- Trimmed
- Weight
- 1.05%
- Δ weight
- down 0.01 pts
- Value
- ₹27.2 Cr
- Δ value
- down ₹1.2 Cr
- Status
- Trimmed
- Weight
- 1.04%
- Δ weight
- down 0.05 pts
- Value
- ₹26.9 Cr
- Δ value
- down ₹2.5 Cr
- Status
- Trimmed
- Weight
- 0.97%
- Δ weight
- down 0.11 pts
- Value
- ₹25 Cr
- Δ value
- down ₹3.9 Cr
- Status
- Trimmed
- Weight
- 0.96%
- Δ weight
- down 0.05 pts
- Value
- ₹24.7 Cr
- Δ value
- down ₹2.2 Cr
- Status
- Trimmed
- Weight
- 0.93%
- Δ weight
- down 0.08 pts
- Value
- ₹24.1 Cr
- Δ value
- down ₹3.1 Cr
- Status
- Trimmed
- Weight
- 0.91%
- Δ weight
- down 0.31 pts
- Value
- ₹23.6 Cr
- Δ value
- down ₹9.1 Cr
- Status
- Trimmed
- Weight
- 0.83%
- Δ weight
- up 0.07 pts
- Value
- ₹21.4 Cr
- Δ value
- up ₹1.1 Cr
- Status
- Added
- Weight
- 0.81%
- Δ weight
- down 0.01 pts
- Value
- ₹20.9 Cr
- Δ value
- down ₹1 Cr
- Status
- Trimmed
- Weight
- 0.69%
- Δ weight
- up 0.07 pts
- Value
- ₹17.9 Cr
- Δ value
- up ₹1.2 Cr
- Status
- Added
- Weight
- 0.68%
- Δ weight
- down 0.04 pts
- Value
- ₹17.6 Cr
- Δ value
- down ₹1.7 Cr
- Status
- Trimmed
- Weight
- 0.68%
- Δ weight
- down 0.06 pts
- Value
- ₹17.5 Cr
- Δ value
- down ₹2.3 Cr
- Status
- Trimmed
- Weight
- 0.66%
- Δ weight
- down 0.06 pts
- Value
- ₹17.1 Cr
- Δ value
- down ₹2.4 Cr
- Status
- Trimmed
- Weight
- 0.64%
- Δ weight
- up 0.01 pts
- Value
- ₹16.5 Cr
- Δ value
- down ₹41 L
- Status
- Trimmed
- Weight
- 0.64%
- Δ weight
- down 0.02 pts
- Value
- ₹16.4 Cr
- Δ value
- down ₹1.1 Cr
- Status
- Trimmed
- Weight
- 0.59%
- Δ weight
- down 0.20 pts
- Value
- ₹15.4 Cr
- Δ value
- down ₹6 Cr
- Status
- Trimmed
- Weight
- 0.59%
- Δ weight
- up 0.01 pts
- Value
- ₹15.2 Cr
- Δ value
- down ₹18 L
- Status
- Trimmed
- Weight
- 0.58%
- Δ weight
- up <0.01 pts
- Value
- ₹15.1 Cr
- Δ value
- down ₹44 L
- Status
- Trimmed
- Weight
- 0.57%
- Δ weight
- down 0.03 pts
- Value
- ₹14.7 Cr
- Δ value
- down ₹1.3 Cr
- Status
- Trimmed
- VARDHMAN TEXTILES LTD.Vardhman Textiles Limited · history in this fund
- Weight
- 0.56%
- Δ weight
- up 0.01 pts
- Value
- ₹14.4 Cr
- Δ value
- down ₹17 L
- Status
- Trimmed
- Weight
- 0.49%
- Δ weight
- down 0.02 pts
- Value
- ₹12.6 Cr
- Δ value
- down ₹1 Cr
- Status
- Trimmed
- Weight
- 0.39%
- Δ weight
- down 0.02 pts
- Value
- ₹10.1 Cr
- Δ value
- down ₹79 L
- Status
- Trimmed
- Weight
- 0.39%
- Δ weight
- down 0.02 pts
- Value
- ₹10 Cr
- Δ value
- down ₹80 L
- Status
- Trimmed
- Weight
- 0.30%
- Δ weight
- down 0.03 pts
- Value
- ₹7.8 Cr
- Δ value
- down ₹1.1 Cr
- Status
- Trimmed
- Weight
- 0.21%
- Δ weight
- down 0.01 pts
- Value
- ₹5.5 Cr
- Δ value
- down ₹61 L
- Status
- Trimmed
- Weight
- 0.19%
- Δ weight
- up 0.01 pts
- Value
- ₹5 Cr
- Δ value
- down ₹4 L
- Status
- Trimmed
- Weight
- 0.09%
- Δ weight
- down <0.01 pts
- Value
- ₹2.3 Cr
- Δ value
- down ₹17 L
- Status
- Trimmed
What changed, Dec 2025 to Jan 2026
New New positions (0)
None.
Exited Exited (2)
- Carborundum Universal Limitedwas 0.2% · ₹5.3 Cr
- Escorts Kubota Limitedwas 0.2% · ₹4.1 Cr
Added Biggest additions
- ICICI Lombard General Insurance Company Limitedup ₹13.6 Cr (+0.58% pts)
- Axis Bank Limitedup ₹9 Cr (+0.50% pts)
- Coal India Limitedup ₹5.7 Cr (+0.29% pts)
- APL Apollo Tubes 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 Dec 2025, the weight rose most in Banks (+0.7 pts) and Insurance (+0.7 pts), and fell most in Healthcare Services (−0.5 pts) and Industrial Products (−0.3 pts).
- Banks13.4% → 14.1%+0.7 pts
- Insurance7.8% → 8.5%+0.7 pts
- Consumable Fuels2.1% → 2.4%+0.3 pts
- Other Consumer Services1.2% → 1.4%+0.2 pts
- Power1.0% → 1.2%+0.1 pts
- Healthcare Services3.4% → 2.9%−0.5 pts
- Industrial Products11.8% → 11.5%−0.3 pts
- Diversified FMCG1.8% → 1.5%−0.3 pts
- Consumer Durables5.3% → 5.0%−0.3 pts
- Pharmaceuticals & Biotechnology9.0% → 8.8%−0.2 pts
- Agricultural, Commercial & Construction Vehicles0.2% → 0.0%exited−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 2025 | Jul 2025 | Oct 2025 | Dec 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Banks | 12.2% | 13.2% | 14.2% | 13.4% | 14.1% |
| Industrial Products | 11.8% | 11.4% | 12.2% | 11.8% | 11.5% |
| Pharmaceuticals & Biotechnology | 10.0% | 10.5% | 10.0% | 9.0% | 8.8% |
| Insurance | 4.1% | 7.0% | 6.5% | 7.8% | 8.5% |
| Capital Markets | 5.2% | 5.5% | 5.2% | 5.7% | 5.6% |
| IT - Software | 4.1% | 6.1% | 5.6% | 5.5% | 5.4% |
| Automobiles | 5.7% | 4.7% | 5.2% | 5.3% | 5.2% |
| Consumer Durables | 6.3% | 5.3% | 5.4% | 5.3% | 5.0% |
| Auto Components | 4.1% | 4.0% | 3.6% | 4.5% | 4.6% |
| Chemicals & Petrochemicals | 4.0% | 5.3% | 4.4% | 3.8% | 3.9% |
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
4.1%
▲ 0.5 pts vs Dec 2025
- Cash alone
- 4.1%
- cash and net receivables
- A year earlier
- 3.6%
- Jan 2025 · now ▲ 0.5 pts
- Last 12 months
- 3.6% – 8.5%
- lowest to highest · record 9.3% in Mar 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.