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Mid Cap · DSP Mutual Fund · AMFI code 104481DSP Mid Cap Fund
Disclosed for 103 months, Mar 2018 to Sep 2026.
Portfolio value
₹19,488 Cr
down ₹1,531 Cr vs Aug 2026
- Stocks held
- 64
- unchanged
- Top 10 weight
- 27.8%
- of the portfolio in its ten largest
- Cash & debt
- 4.7%
- cash, money market and debt
- Moves this month
- 2 in · 2 out
- added to 9, trimmed 53
DSP Mid Cap Fund is an active equity fund in the Mid Cap category from DSP Mutual Fund. In September 2026 it disclosed 64 stocks worth ₹19,488 Cr, down ₹1,531 Cr from Aug 2026. Its largest positions were Coforge Limited (4.1%), Multi Commodity Exchange of India Limited (3.3%), IPCA Laboratories Limited (2.8%); the ten largest together made up 27.8% of the portfolio, and Industrial Products was the biggest sector at 11.8% of its equity. Cash and debt stood at 4.7%. Compared with Aug 2026 the fund entered 2 new stocks and exited 2.
Against 32 other Mid Cap funds
Concentration
53%
Top-10 weight is higher than 53% of peers
Breadth
38%
Holds more stocks than 38% of peers
Cash
75%
Holds more cash than 75% 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 | 4.69% | up 0.46 pts | ₹914 Cr | up ₹24.5 Cr | Added |
| Coforge Limited | 4.07% | down 0.40 pts | ₹794 Cr | down ₹147 Cr | Trimmed |
| Multi Commodity Exchange of India Limited | 3.31% | up 0.15 pts | ₹644 Cr | down ₹19.4 Cr | Trimmed |
| IPCA Laboratories Limited | 2.84% | up 0.14 pts | ₹554 Cr | down ₹13.8 Cr | Trimmed |
| The Phoenix Mills Limited | 2.73% | up 0.24 pts | ₹532 Cr | up ₹9.6 Cr | Added |
| The Federal Bank Limited | 2.56% | down 0.11 pts | ₹498 Cr | down ₹61.7 Cr | Trimmed |
| Fortis Healthcare Limited | 2.53% | down 0.26 pts | ₹492 Cr | down ₹94.2 Cr | Trimmed |
| Bharat Forge Limited | 2.51% | up 0.09 pts | ₹489 Cr | down ₹19 Cr | Trimmed |
| Max Financial Services Limited | 2.48% | down 0.15 pts | ₹483 Cr | down ₹70.2 Cr | Trimmed |
| Cholamandalam Investment and Finance Company Limited | 2.44% | down 0.15 pts | ₹475 Cr | down ₹69.6 Cr | Trimmed |
| APL Apollo Tubes Limited | 2.34% | up 0.14 pts | ₹456 Cr | down ₹6.9 Cr | Trimmed |
| Coromandel International Limited | 2.29% | down 0.01 pts | ₹447 Cr | down ₹37.5 Cr | Trimmed |
| Supreme Industries Limited | 2.18% | up 0.10 pts | ₹425 Cr | down ₹13.3 Cr | Trimmed |
| Jindal Steel & Power Limited | 2.17% | up 0.06 pts | ₹423 Cr | down ₹21.6 Cr | Trimmed |
| Schaeffler India Limited | 2.10% | up 0.09 pts | ₹409 Cr | down ₹12.4 Cr | Trimmed |
| Bharti Airtel Limited | 2.03% | up 0.09 pts | ₹395 Cr | down ₹12.3 Cr | Trimmed |
| Kirloskar Oil Engines Limited | 2.02% | up 0.31 pts | ₹394 Cr | up ₹35 Cr | Added |
| Voltas Limited | 2.00% | down 0.07 pts | ₹389 Cr | down ₹45.3 Cr | Trimmed |
| Eternal Limited | 1.95% | up 0.03 pts | ₹379 Cr | down ₹23.2 Cr | Trimmed |
| ICICI Bank Limited | 1.91% | down 0.04 pts | ₹373 Cr | down ₹37.3 Cr | Trimmed |
| JK Cement Limited | 1.87% | up 0.12 pts | ₹365 Cr | down ₹4.1 Cr | Trimmed |
| Nippon Life India Asset Management Limited | 1.87% | down 0.03 pts | ₹364 Cr | down ₹34.8 Cr | Trimmed |
| Dixon Technologies (India) Limited | 1.86% | down 0.09 pts | ₹363 Cr | down ₹48.5 Cr | Trimmed |
| AU Small Finance Bank Limited | 1.71% | up 0.01 pts | ₹334 Cr | down ₹25.1 Cr | Trimmed |
| Alkem Laboratories Limited | 1.71% | up 0.07 pts | ₹333 Cr | down ₹10.7 Cr | Trimmed |
| KEI Industries Limited | 1.67% | down 0.32 pts | ₹325 Cr | down ₹93.7 Cr | Trimmed |
| UNO Minda Limited | 1.66% | down 0.02 pts | ₹323 Cr | down ₹29.3 Cr | Trimmed |
| MphasiS Limited | 1.61% | down 0.07 pts | ₹313 Cr | down ₹39.6 Cr | Trimmed |
| Tube Investments of India Limited | 1.57% | down 0.13 pts | ₹307 Cr | down ₹52.3 Cr | Trimmed |
| L&T Finance Limited | 1.55% | down 0.19 pts | ₹301 Cr | down ₹63.7 Cr | Trimmed |
| Page Industries Limited | 1.53% | up 0.13 pts | ₹298 Cr | up ₹4.8 Cr | Added |
| Samvardhana Motherson International Limited | 1.50% | up 0.05 pts | ₹293 Cr | down ₹13.3 Cr | Trimmed |
| Indus Towers Limited | 1.39% | up 0.05 pts | ₹270 Cr | down ₹11.3 Cr | Trimmed |
| Apar Industries Limited | 1.36% | up 0.08 pts | ₹265 Cr | down ₹4.8 Cr | Trimmed |
| Aster DM Healthcare Limited | 1.34% | up 0.15 pts | ₹261 Cr | up ₹10.1 Cr | Added |
| Vishal Mega Mart Limited | 1.33% | up 0.07 pts | ₹259 Cr | down ₹5.8 Cr | Trimmed |
| Bank of India | 1.30% | down 0.01 pts | ₹252 Cr | down ₹22 Cr | Trimmed |
| Apollo Tyres Limited | 1.28% | down 0.01 pts | ₹249 Cr | down ₹21.1 Cr | Trimmed |
| Techno Electric & Engineering Company Limited | 1.27% | up 0.12 pts | ₹247 Cr | up ₹6.5 Cr | Added |
| Hindustan Petroleum Corporation Limited | 1.26% | up 0.04 pts | ₹245 Cr | down ₹10.8 Cr | Trimmed |
| SRF Limited | 1.14% | up 0.05 pts | ₹222 Cr | down ₹7.9 Cr | Trimmed |
| Oil India Limited | 1.13% | down 0.15 pts | ₹220 Cr | down ₹48.8 Cr | Trimmed |
| GE Vernova T&D India Limited | 1.04% | up 0.02 pts | ₹203 Cr | down ₹11.8 Cr | Trimmed |
| PB Fintech Limited | 1.02% | down 0.65 pts | ₹200 Cr | down ₹152 Cr | Trimmed |
| Oberoi Realty Limited | 0.98% | up 0.41 pts | ₹191 Cr | up ₹71.2 Cr | Added |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 0.97% | down 0.05 pts | ₹189 Cr | down ₹24.5 Cr | Trimmed |
| Jubilant Ingrevia Limited | 0.97% | up 0.04 pts | ₹189 Cr | down ₹6.3 Cr | Trimmed |
| Cholamandalam Financial Holdings Limited | 0.94% | up 0.01 pts | ₹183 Cr | down ₹13.1 Cr | Trimmed |
| Atul Limited | 0.94% | down 0.03 pts | ₹182 Cr | down ₹21.5 Cr | Trimmed |
| Mahindra & Mahindra Limited | 0.91% | down 0.03 pts | ₹177 Cr | down ₹19.9 Cr | Trimmed |
What changed, Aug 2026 to Sep 2026
New New positions (2)
- Sona BLW Precision Forgings Limited0.5% · ₹103 Cr
- Gland Pharma Limited0.4% · ₹81.8 Cr
Exited Exited (2)
- Power Finance Corporation Limitedwas 0.7% · ₹141 Cr
- HDB Financial Services Limitedwas 0.4% · ₹88 Cr
Added Biggest additions
- Oberoi Realty Limitedup ₹71.2 Cr (+0.41% pts)
- Kirloskar Oil Engines Limitedup ₹35 Cr (+0.31% pts)
- Aster DM Healthcare Limitedup ₹10.1 Cr (+0.15% pts)
- The Phoenix Mills Limitedup ₹9.6 Cr (+0.24% pts)
- Techno Electric & Engineering Company Limitedup ₹6.5 Cr (+0.12% pts)
- Lenskart Solutions Limitedup ₹5.1 Cr (+0.08% pts)
- Page Industries Limitedup ₹4.8 Cr (+0.13% pts)
- Westlife Foodworld Limitedup ₹3.5 Cr (+0.06% pts)
- LG Electronics India Ltdup ₹12 L (+<0.01% pts)
Trimmed Biggest reductions
- PB Fintech Limiteddown ₹152 Cr (−0.65% pts)
- Coforge Limiteddown ₹147 Cr (−0.40% pts)
- Fortis Healthcare Limiteddown ₹94.2 Cr (−0.26% pts)
- KEI Industries Limiteddown ₹93.7 Cr (−0.32% pts)
- Max Financial Services Limiteddown ₹70.2 Cr (−0.15% pts)
- Cholamandalam Investment and Finance Company Limiteddown ₹69.6 Cr (−0.15% pts)
- L&T Finance Limiteddown ₹63.7 Cr (−0.19% pts)
- The Federal Bank Limiteddown ₹61.7 Cr (−0.11% pts)
- Tube Investments of India Limiteddown ₹52.3 Cr (−0.13% pts)
- Oil India Limiteddown ₹48.8 Cr (−0.15% 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 (+0.7 pts) and Auto Components (+0.6 pts), and fell most in Finance (−1.5 pts) and Financial Technology (fintech) (−0.7 pts).
- Realty4.1% → 4.8%+0.7 pts
- Auto Components8.5% → 9.1%+0.6 pts
- Pharmaceuticals & Biotechnology4.8% → 5.3%+0.5 pts
- Industrial Products11.4% → 11.8%+0.3 pts
- Retailing4.0% → 4.3%+0.2 pts
- Telecom - Services3.4% → 3.6%+0.2 pts
- Finance7.7% → 6.2%−1.5 pts
- Financial Technology (fintech)1.7% → 1.1%−0.7 pts
- IT - Software7.3% → 6.8%−0.5 pts
- Oil1.3% → 1.2%−0.2 pts
- Consumer Durables4.2% → 4.1%−0.1 pts
- Insurance2.7% → 2.6%−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 2023 | Sep 2025 | Mar 2026 | Jun 2026 | Aug 2026 | Sep 2026 |
|---|---|---|---|---|---|---|
| Industrial Products | 12.6% | 11.5% | 11.5% | 11.7% | 11.4% | 11.8% |
| Auto Components | 6.5% | 8.3% | 9.1% | 9.0% | 8.5% | 9.1% |
| Banks | 5.3% | 5.7% | 8.4% | 7.9% | 8.0% | 7.8% |
| IT - Software | 3.5% | 8.0% | 6.3% | 6.1% | 7.3% | 6.8% |
| Finance | 7.6% | 8.6% | 8.8% | 9.5% | 7.7% | 6.2% |
| Capital Markets | — | 3.2% | 4.3% | 4.8% | 5.3% | 5.4% |
| Pharmaceuticals & Biotechnology | 10.7% | 8.2% | 6.1% | 4.9% | 4.8% | 5.3% |
| Realty | 4.9% | 2.2% | 2.4% | 3.4% | 4.1% | 4.8% |
| Healthcare Services | — | 3.3% | 3.7% | 4.1% | 4.5% | 4.4% |
| Retailing | 0.7% | 1.7% | 3.0% | 3.1% | 4.0% | 4.3% |
Allocation in Sep 2026change vs Aug 2026
- Industrial Products (6)11.8%▲ 0.3 pts
- Auto Components (6)9.1%▲ 0.6 pts
- Banks (4)7.8%▼ 0.1 pts
- IT - Software (3)6.8%▼ 0.5 pts
- Finance (4)6.2%▼ 1.5 pts
- Capital Markets (2)5.4%▲ 0.1 pts
- Pharmaceuticals & Biotechnology (4)5.3%▲ 0.5 pts
- Realty (3)4.8%▲ 0.7 pts
- Healthcare Services (3)4.4%▼ 0.1 pts
- Retailing (3)4.3%▲ 0.2 pts
- Consumer Durables (3)4.1%▼ 0.1 pts
- Fertilizers & Agrochemicals (3)4.0%▲ 0.1 pts
- Telecom - Services (2)3.6%▲ 0.2 pts
- Electrical Equipment (3)3.3%▲ 0.1 pts
- Chemicals & Petrochemicals (3)3.2%▲ 0.1 pts
- Insurance (1)2.6%▼ 0.1 pts
- Ferrous Metals (1)2.3%▲ 0.1 pts
- Cement & Cement Products (1)2.0%▲ 0.1 pts
- Textiles & Apparels (1)1.6%▲ 0.1 pts
- Construction (1)1.3%▲ 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
4.7%
▲ 0.5 pts vs Aug 2026
- Cash alone
- 4.6%
- cash and net receivables
- A year earlier
- 4.7%
- Sep 2025
- Last 12 months
- 4.0% – 5.4%
- lowest to highest · record 9.8% in May 2019
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.
The last 24 months
| Month | Portfolio value | Stocks | Entered | Exited | Cash | Cash & debt | Turnover |
|---|---|---|---|---|---|---|---|
| Sep 2026 | ₹19,488 Cr | 64 | 2 | 2 | 4.6% | 4.7% | — |
| Aug 2026 | ₹21,019 Cr | 64 | 1 | 1 | 4.2% | 4.2% | — |
| Jul 2026 | ₹20,523 Cr | 64 | 1 | 0 | 4.2% | 4.3% | — |
| Jun 2026 | ₹20,170 Cr | 63 | 1 | 0 | 4.3% | 4.3% | — |
| May 2026 | ₹19,673 Cr | 62 | 1 | 0 | 4.5% | 4.4% | — |
| Apr 2026 | ₹19,459 Cr | 61 | 0 | 0 | 4.9% | 4.9% | — |
| Mar 2026 | ₹17,492 Cr | 61 | 0 | 2 | 4.0% | 4.0% | — |
| Feb 2026 | ₹19,641 Cr | 63 | 2 | 1 | 4.2% | 4.2% | — |
| Jan 2026 | ₹19,047 Cr | 62 | 3 | 0 | 4.1% | 4.1% | — |
| Dec 2025 | ₹19,586 Cr | 59 | 1 | 2 | 5.4% | 5.4% | — |
| Nov 2025 | ₹19,855 Cr | 60 | 0 | 1 | 5.2% | 5.2% | — |
| Oct 2025 | ₹19,609 Cr | 61 | 3 | 1 | 4.0% | 4.0% | — |
| Sep 2025 | ₹19,162 Cr | 59 | 2 | 1 | 4.7% | 4.7% | — |
| Aug 2025 | ₹19,037 Cr | 58 | 1 | 0 | 5.8% | 5.8% | — |
| Jul 2025 | ₹19,331 Cr | 57 | 1 | 0 | 5.7% | 5.6% | — |
| Jun 2025 | ₹19,559 Cr | 56 | 1 | 0 | 6.3% | 6.4% | — |
| May 2025 | ₹18,712 Cr | 55 | 0 | 2 | 7.8% | 7.8% | — |
| Apr 2025 | ₹17,658 Cr | 57 | 2 | 0 | 6.6% | 6.6% | — |
| Mar 2025 | ₹17,204 Cr | 55 | 1 | 1 | 6.7% | 6.8% | — |
| Feb 2025 | ₹15,880 Cr | 55 | 0 | 1 | 4.8% | 4.8% | — |
| Jan 2025 | ₹17,762 Cr | 56 | 1 | 2 | 4.9% | 4.9% | — |
| Dec 2024 | ₹19,297 Cr | 57 | 2 | 2 | 4.4% | 4.4% | — |
| Nov 2024 | ₹19,216 Cr | 57 | 0 | 0 | 5.1% | 5.1% | — |
| Oct 2024 | ₹19,015 Cr | 57 | 1 | 3 | 4.4% | 4.3% | — |
For any of the 79 earlier months, choose it in “Portfolio as of” at the top of the page.