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Large & Mid Cap · DSP Mutual Fund · AMFI code 103819DSP Large & Mid Cap Fund
Disclosed for 17 months, May 2025 to Sep 2026.
Portfolio value
₹17,434 Cr
down ₹143 Cr vs Dec 2025
- Stocks held
- 77
- unchanged
- Top 10 weight
- 34.9%
- of the portfolio in its ten largest
- Cash & debt
- 2.0%
- cash, money market and debt
- Moves this month
- 0 in · 0 out
- added to 10, trimmed 50
DSP Large & Mid Cap Fund is an active equity fund in the Large & Mid Cap category from DSP Mutual Fund. In January 2026 it disclosed 77 stocks worth ₹17,434 Cr, down ₹143 Cr from Dec 2025. Its largest positions were HDFC Bank Limited (5.7%), Axis Bank Limited (4.9%), State Bank of India (4.8%); the ten largest together made up 34.9% of the portfolio, and Banks was the biggest sector at 25.7% of its equity. Cash and debt stood at 2.0%. Compared with Dec 2025 the fund entered 0 new stocks and exited 0.
Against 33 other Large & Mid Cap funds
Concentration
64%
Top-10 weight is higher than 64% of peers
Breadth
58%
Holds more stocks than 58% of peers
Cash
24%
Holds more cash than 24% of peers
What these mean: concentration · cash
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. New to these? How to read a portfolio.
| HDFC Bank Limited | 5.71% | up 0.93 pts | ₹995 Cr | up ₹156 Cr | Added |
| Axis Bank Limited | 4.95% | down 0.74 pts | ₹863 Cr | down ₹137 Cr | Trimmed |
| State Bank of India | 4.77% | up 0.46 pts | ₹832 Cr | up ₹73.4 Cr | Added |
| ICICI Bank Limited | 4.58% | up 0.96 pts | ₹798 Cr | up ₹162 Cr | Added |
| Infosys Limited | 3.38% | down 0.38 pts | ₹589 Cr | down ₹72.2 Cr | Trimmed |
| Tata Consultancy Services Limited | 2.57% | down 0.05 pts | ₹447 Cr | down ₹11.8 Cr | Trimmed |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 2.56% | up 0.23 pts | ₹446 Cr | up ₹35.9 Cr | Added |
| Kotak Mahindra Bank Limited | 2.22% | down 0.16 pts | ₹386 Cr | down ₹30.5 Cr | Trimmed |
| Mahindra & Mahindra Limited | 2.10% | down 0.15 pts | ₹366 Cr | down ₹29.6 Cr | Trimmed |
| Coforge Limited | 2.09% | up 0.01 pts | ₹364 Cr | down ₹2 Cr | Trimmed |
| Oil India Limited | 2.02% | up 0.25 pts | ₹352 Cr | up ₹41.1 Cr | Added |
| Samvardhana Motherson International Limited | 2.01% | down 0.11 pts | ₹350 Cr | down ₹21.8 Cr | Trimmed |
| Cash, TREPS & receivables | 1.96% | up 0.32 pts | ₹341 Cr | up ₹53.4 Cr | Added |
| Bharti Airtel Limited | 1.86% | down 0.11 pts | ₹324 Cr | down ₹22.5 Cr | Trimmed |
| Max Financial Services Limited | 1.79% | down 0.05 pts | ₹312 Cr | down ₹11.2 Cr | Trimmed |
| IPCA Laboratories Limited | 1.64% | up 0.07 pts | ₹287 Cr | up ₹10 Cr | Added |
| Petronet LNG Limited | 1.62% | up 0.04 pts | ₹282 Cr | up ₹5.5 Cr | Added |
| The Phoenix Mills Limited | 1.59% | down 0.16 pts | ₹277 Cr | down ₹30.3 Cr | Trimmed |
| ICICI Lombard General Insurance Company Limited | 1.54% | down 0.11 pts | ₹268 Cr | down ₹21.8 Cr | Trimmed |
| AU Small Finance Bank Limited | 1.52% | down 0.05 pts | ₹264 Cr | down ₹11.7 Cr | Trimmed |
| MphasiS Limited | 1.47% | down 0.01 pts | ₹257 Cr | down ₹3 Cr | Trimmed |
| Larsen & Toubro Limited | 1.47% | down 0.15 pts | ₹257 Cr | down ₹27.7 Cr | Trimmed |
| The Federal Bank Limited | 1.44% | up 0.11 pts | ₹251 Cr | up ₹18 Cr | Added |
| Alkem Laboratories Limited | 1.43% | up 0.05 pts | ₹250 Cr | up ₹7.5 Cr | Added |
| Tata Capital Limited | 1.36% | up 0.23 pts | ₹236 Cr | up ₹37.9 Cr | Added |
| Lupin Limited | 1.35% | up 0.04 pts | ₹236 Cr | up ₹4.7 Cr | Added |
| Indus Towers Limited | 1.28% | up 0.08 pts | ₹224 Cr | up ₹12.9 Cr | Added |
| Power Finance Corporation Limited | 1.28% | up 0.09 pts | ₹223 Cr | up ₹14.1 Cr | Added |
| Hindustan Petroleum Corporation Limited | 1.26% | down 0.35 pts | ₹220 Cr | down ₹63.5 Cr | Trimmed |
| Coromandel International Limited | 1.26% | up 0.02 pts | ₹220 Cr | up ₹1.6 Cr | Added |
| Fortis Healthcare Limited | 1.25% | down 0.04 pts | ₹219 Cr | down ₹8.3 Cr | Trimmed |
| Bharat Petroleum Corporation Limited | 1.25% | down 0.23 pts | ₹218 Cr | down ₹43.1 Cr | Trimmed |
| Eternal Limited | 1.19% | up 0.56 pts | ₹207 Cr | up ₹97.6 Cr | Added |
| Jindal Steel & Power Limited | 1.18% | up 0.09 pts | ₹205 Cr | up ₹14.2 Cr | Added |
| NTPC Limited | 1.16% | up 0.10 pts | ₹202 Cr | up ₹15 Cr | Added |
| APL Apollo Tubes Limited | 1.12% | up 0.08 pts | ₹196 Cr | up ₹12.6 Cr | Added |
| Schaeffler India Limited | 1.12% | down 0.07 pts | ₹195 Cr | down ₹13.9 Cr | Trimmed |
| Cipla Limited | 1.11% | down 0.15 pts | ₹194 Cr | down ₹27.4 Cr | Trimmed |
| UNO Minda Limited | 1.07% | down 0.08 pts | ₹187 Cr | down ₹16.4 Cr | Trimmed |
| GAIL (India) Limited | 0.96% | down 0.02 pts | ₹168 Cr | down ₹4.9 Cr | Trimmed |
| Syngene International Limited | 0.96% | down 0.29 pts | ₹167 Cr | down ₹52 Cr | Trimmed |
| SBI Life Insurance Company Limited | 0.96% | down 0.01 pts | ₹167 Cr | down ₹3 Cr | Trimmed |
| Emami Limited | 0.95% | down 0.08 pts | ₹166 Cr | down ₹15.4 Cr | Trimmed |
| Bharat Forge Limited | 0.94% | down 0.01 pts | ₹163 Cr | down ₹3.3 Cr | Trimmed |
| UltraTech Cement Limited | 0.92% | up 0.07 pts | ₹160 Cr | up ₹11.5 Cr | Added |
| LIC Housing Finance Limited | 0.91% | down 0.02 pts | ₹159 Cr | down ₹4 Cr | Trimmed |
| Container Corporation of India Limited | 0.90% | down 0.03 pts | ₹157 Cr | down ₹7.1 Cr | Trimmed |
| ITC Limited | 0.89% | down 0.22 pts | ₹156 Cr | down ₹39.1 Cr | Trimmed |
| Gujarat Fluorochemicals Limited | 0.84% | down 0.16 pts | ₹146 Cr | down ₹29.4 Cr | Trimmed |
| Hindustan Unilever Limited | 0.80% | up 0.03 pts | ₹139 Cr | up ₹3.4 Cr | Added |
What changed, Dec 2025 to Jan 2026
New New positions (0)
None.
Exited Exited (0)
None.
Added Biggest additions
- ICICI Bank Limitedup ₹162 Cr (+0.96% pts)
- HDFC Bank Limitedup ₹156 Cr (+0.93% pts)
- Eternal Limitedup ₹97.6 Cr (+0.56% pts)
- State Bank of Indiaup ₹73.4 Cr (+0.46% pts)
- Oil India Limitedup ₹41.1 Cr (+0.25% 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 (+1.7 pts) and Retailing (+0.5 pts), and fell most in Petroleum Products (−0.6 pts) and IT - Software (−0.5 pts).
- Banks24.1% → 25.7%+1.7 pts
- Retailing1.5% → 2.0%+0.5 pts
- Finance7.3% → 7.7%+0.4 pts
- Oil1.8% → 2.1%+0.3 pts
- Power1.1% → 1.2%+0.1 pts
- Petroleum Products3.2% → 2.6%−0.6 pts
- IT - Software10.9% → 10.5%−0.5 pts
- Healthcare Services2.6% → 2.3%−0.3 pts
- Pharmaceuticals & Biotechnology7.5% → 7.2%−0.3 pts
- Auto Components6.2% → 5.9%−0.3 pts
- Construction2.6% → 2.4%−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 | Jul 2025 | Oct 2025 | Dec 2025 | Jan 2026 |
|---|---|---|---|---|
| Banks | 24.2% | 24.1% | 24.1% | 25.7% |
| IT - Software | 9.4% | 11.1% | 10.9% | 10.5% |
| Finance | 4.4% | 6.3% | 7.3% | 7.7% |
| Pharmaceuticals & Biotechnology | 8.7% | 8.1% | 7.5% | 7.2% |
| Auto Components | 5.5% | 5.7% | 6.2% | 5.9% |
| Insurance | 4.9% | 5.0% | 5.2% | 5.1% |
| Gas | 3.6% | 3.8% | 3.6% | 3.6% |
| Telecom - Services | 3.0% | 3.2% | 3.4% | 3.4% |
| Petroleum Products | 3.4% | 3.2% | 3.2% | 2.6% |
| Construction | 3.1% | 2.9% | 2.6% | 2.4% |
Allocation in Jan 2026change vs Dec 2025
- Banks (7)25.7%▲ 1.7 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, Jan 2026
2.0%
▲ 0.3 pts vs Dec 2025
- Cash alone
- 1.9%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 1.3% – 9.1%
- lowest to highest · record 9.1% in May 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.