Loading…
Focused · DSP Mutual Fund · AMFI code 112901DSP Focused Fund
Disclosed for 17 months, May 2025 to Sep 2026.
Portfolio value
₹2,503 Cr
down ₹168 Cr vs Aug 2026
- Stocks held
- 29
- up 1 vs Aug 2026
- Top 10 weight
- 48.2%
- of the portfolio in its ten largest
- Cash & debt
- 11.4%
- cash, money market and debt
- Moves this month
- 1 in · 0 out
- added to 2, trimmed 24
DSP Focused Fund is an active equity fund in the Focused category from DSP Mutual Fund. In September 2026 it disclosed 29 stocks worth ₹2,503 Cr, down ₹168 Cr from Aug 2026. Its largest positions were ICICI Bank Limited (9.5%), HDFC Bank Limited (8.9%), Axis Bank Limited (5.0%); the ten largest together made up 48.2% of the portfolio, and Banks was the biggest sector at 30.0% of its equity. Cash and debt stood at 11.4%. Compared with Aug 2026 the fund entered 1 new stock 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
100%
Holds more cash than 100% of peers
What these mean: concentration · cash
Holdings in September 2026
Download CSVEvery line the fund disclosed, with the change against Aug 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| Cash, TREPS & receivables | 11.43% | down 0.27 pts | ₹286 Cr | down ₹26.5 Cr | Trimmed |
| ICICI Bank Limited | 9.46% | down 0.29 pts | ₹237 Cr | down ₹23.7 Cr | Trimmed |
| HDFC Bank Limited | 8.87% | up 0.55 pts | ₹222 Cr | down ₹9 L | Held |
| Axis Bank Limited | 5.05% | up 0.03 pts | ₹126 Cr | down ₹7.6 Cr | Trimmed |
| Bharti Airtel Limited | 3.90% | up 0.13 pts | ₹97.7 Cr | down ₹3.1 Cr | Trimmed |
| SBI Life Insurance Company Limited | 3.81% | up 0.15 pts | ₹95.3 Cr | down ₹2.5 Cr | Trimmed |
| Mahindra & Mahindra Limited | 3.78% | down 0.16 pts | ₹94.7 Cr | down ₹10.7 Cr | Trimmed |
| The Phoenix Mills Limited | 3.75% | up 0.30 pts | ₹93.9 Cr | up ₹1.7 Cr | Added |
| Cholamandalam Investment and Finance Company Limited | 3.35% | down 0.25 pts | ₹83.9 Cr | down ₹12.3 Cr | Trimmed |
| State Bank of India | 3.17% | down 0.11 pts | ₹79.4 Cr | down ₹8.3 Cr | Trimmed |
| Coromandel International Limited | 3.01% | up 0.06 pts | ₹75.3 Cr | down ₹3.5 Cr | Trimmed |
| Hero MotoCorp Limited | 2.74% | up 0.07 pts | ₹68.5 Cr | down ₹2.7 Cr | Trimmed |
| Kirloskar Oil Engines Limited | 2.73% | up 0.40 pts | ₹68.3 Cr | up ₹6.1 Cr | Added |
| Coforge Limited | 2.63% | down 0.49 pts | ₹65.9 Cr | down ₹17.6 Cr | Trimmed |
| Bharat Petroleum Corporation Limited | 2.57% | down <0.01 pts | ₹64.4 Cr | down ₹4.4 Cr | Trimmed |
| Samvardhana Motherson International Limited | 2.54% | up 0.05 pts | ₹63.6 Cr | down ₹2.9 Cr | Trimmed |
| Prudent Corporate Advisory Services Limited | 2.38% | down 0.24 pts | ₹59.6 Cr | down ₹10.4 Cr | Trimmed |
| Tech Mahindra Limited | 2.27% | down <0.01 pts | ₹56.7 Cr | down ₹3.9 Cr | Trimmed |
| Infosys Limited | 2.25% | down 0.15 pts | ₹56.3 Cr | down ₹7.9 Cr | Trimmed |
| Bajaj Finance Limited | 2.24% | down 0.07 pts | ₹56.1 Cr | down ₹5.7 Cr | Trimmed |
| Multi Commodity Exchange of India Limited | 2.17% | up 0.08 pts | ₹54.4 Cr | down ₹1.6 Cr | Trimmed |
| Mrs Bectors Food Specialities Ltd | 2.13% | down 0.06 pts | ₹53.3 Cr | down ₹5.2 Cr | Trimmed |
| Oberoi Realty Limited | 2.12% | up 2.12 pts | ₹53 Cr | up ₹53 Cr | New |
| IPCA Laboratories Limited | 1.97% | up 0.08 pts | ₹49.4 Cr | down ₹1.2 Cr | Trimmed |
| Petronet LNG Limited | 1.88% | up 0.02 pts | ₹47.1 Cr | down ₹2.7 Cr | Trimmed |
| Aditya Birla Sun Life AMC Limited | 1.74% | up 0.10 pts | ₹43.5 Cr | down ₹19 L | Held |
| Century Plyboards (India) Limited | 1.73% | down 0.03 pts | ₹43.2 Cr | down ₹3.8 Cr | Trimmed |
| PG Electroplast Limited | 1.72% | down 0.18 pts | ₹43 Cr | down ₹7.6 Cr | Trimmed |
| Syngene International Limited | 1.44% | down 0.04 pts | ₹36.1 Cr | down ₹3.5 Cr | Trimmed |
| Polycab India Limited | 1.16% | down 1.77 pts | ₹28.9 Cr | down ₹49.2 Cr | Trimmed |
What changed, Aug 2026 to Sep 2026
New New positions (1)
- Oberoi Realty Limited2.1% · ₹53 Cr
Exited Exited (0)
None.
Added Biggest additions
- Kirloskar Oil Engines Limitedup ₹6.1 Cr (+0.40% pts)
- The Phoenix Mills Limitedup ₹1.7 Cr (+0.30% pts)
Trimmed Biggest reductions
- Polycab India Limiteddown ₹49.2 Cr (−1.77% pts)
- ICICI Bank Limiteddown ₹23.7 Cr (−0.29% pts)
- Coforge Limiteddown ₹17.6 Cr (−0.49% pts)
- Cholamandalam Investment and Finance Company Limiteddown ₹12.3 Cr (−0.25% pts)
- Mahindra & Mahindra Limiteddown ₹10.7 Cr (−0.16% pts)
- Prudent Corporate Advisory Services Limiteddown ₹10.4 Cr (−0.24% pts)
- State Bank of Indiadown ₹8.3 Cr (−0.11% pts)
- Infosys Limiteddown ₹7.9 Cr (−0.15% pts)
- Axis Bank Limiteddown ₹7.6 Cr (+0.03% pts)
- PG Electroplast Limiteddown ₹7.6 Cr (−0.18% 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 Aug 2026, the weight rose most in Realty (+2.7 pts) and Insurance (+0.2 pts), and fell most in Industrial Products (−1.6 pts) and IT - Software (−0.8 pts).
- Realty3.9% → 6.6%+2.7 pts
- Insurance4.1% → 4.3%+0.2 pts
- Telecom - Services4.3% → 4.4%+0.1 pts
- Banks29.9% → 30.0%+0.1 pts
- Industrial Products6.0% → 4.4%−1.6 pts
- IT - Software8.8% → 8.1%−0.8 pts
- Finance6.7% → 6.3%−0.4 pts
- Consumer Durables4.1% → 3.9%−0.3 pts
- Automobiles7.5% → 7.4%−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 | Sep 2025 | Mar 2026 | Jun 2026 | Aug 2026 | Sep 2026 |
|---|---|---|---|---|---|
| Banks | 20.3% | 27.8% | 30.2% | 29.9% | 30.0% |
| IT - Software | 10.6% | 9.8% | 7.9% | 8.8% | 8.1% |
| Automobiles | 1.8% | 1.4% | 2.6% | 7.5% | 7.4% |
| Capital Markets | 1.6% | 2.2% | 5.7% | 7.2% | 7.1% |
| Realty | 3.7% | 4.1% | 4.6% | 3.9% | 6.6% |
| Finance | 18.5% | 11.0% | 9.5% | 6.7% | 6.3% |
| Telecom - Services | 3.5% | 4.8% | 4.3% | 4.3% | 4.4% |
| Industrial Products | 6.6% | 5.7% | 6.6% | 6.0% | 4.4% |
| Insurance | 3.0% | 4.9% | 4.2% | 4.1% | 4.3% |
| Consumer Durables | 5.0% | 5.2% | 3.9% | 4.1% | 3.9% |
Allocation in Sep 2026change vs Aug 2026
- Banks (4)30.0%▲ 0.1 pts
- IT - Software (3)8.1%▼ 0.8 pts
- Automobiles (2)7.4%▼ 0.1 pts
- Capital Markets (3)7.1%▼ 0.1 pts
- Realty (2)6.6%▲ 2.7 pts
- Finance (2)6.3%▼ 0.4 pts
- Telecom - Services (1)4.4%▲ 0.1 pts
- Industrial Products (2)4.4%▼ 1.6 pts
- Insurance (1)4.3%▲ 0.2 pts
- Consumer Durables (2)3.9%▼ 0.3 pts
- Fertilizers & Agrochemicals (1)3.4%▲ 0.1 pts
- Petroleum Products (1)2.9%
- Auto Components (1)2.9%
- Food Products (1)2.4%▼ 0.1 pts
- Pharmaceuticals & Biotechnology (1)2.2%▲ 0.1 pts
- Gas (1)2.1%
- Healthcare Services (1)1.6%▼ 0.1 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. More on reading cash.
Cash & debt, Sep 2026
11.4%
▼ 0.3 pts vs Aug 2026
- Cash alone
- 11.4%
- cash and net receivables
- A year earlier
- 7.9%
- Sep 2025 · now ▲ 3.6 pts
- Last 12 months
- 6.7% – 11.7%
- lowest to highest · record 11.7% in Aug 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.
All 17 months
| Month | Portfolio value | Stocks | Entered | Exited | Cash | Cash & debt | Turnover |
|---|---|---|---|---|---|---|---|
| Sep 2026 | ₹2,503 Cr | 29 | 1 | 0 | 11.4% | 11.4% | — |
| Aug 2026 | ₹2,671 Cr | 28 | 0 | 2 | 11.7% | 11.7% | — |
| Jul 2026 | ₹2,642 Cr | 30 | 1 | 1 | 9.4% | 9.2% | — |
| Jun 2026 | ₹2,601 Cr | 30 | 1 | 0 | 8.3% | 8.4% | — |
| May 2026 | ₹2,478 Cr | 29 | 0 | 0 | 9.7% | 9.7% | — |
| Apr 2026 | ₹2,490 Cr | 29 | 1 | 0 | 8.1% | 8.0% | — |
| Mar 2026 | ₹2,295 Cr | 28 | 0 | 1 | 10.7% | 10.7% | — |
| Feb 2026 | ₹2,607 Cr | 29 | 0 | 0 | 8.6% | 8.6% | — |
| Jan 2026 | ₹2,611 Cr | 29 | 1 | 1 | 7.6% | 7.6% | — |
| Dec 2025 | ₹2,687 Cr | 29 | 0 | 0 | 6.7% | 6.7% | — |
| Nov 2025 | ₹2,707 Cr | 29 | 0 | 0 | 7.4% | 7.4% | — |
| Oct 2025 | ₹2,638 Cr | 29 | 0 | 0 | 7.6% | 7.6% | — |
| Sep 2025 | ₹2,571 Cr | 29 | 0 | 1 | 7.9% | 7.9% | — |
| Aug 2025 | ₹2,513 Cr | 30 | 1 | 0 | 5.8% | 5.8% | — |
| Jul 2025 | ₹2,595 Cr | 29 | 0 | 1 | 8.1% | 8.1% | — |
| Jun 2025 | ₹2,607 Cr | 30 | 1 | 1 | 6.8% | 6.8% | — |
| May 2025 | ₹2,576 Cr | 30 | 6.3% | 6.3% | — |