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Value / Contra · DSP Mutual Fund · AMFI code 148594DSP Value Fund
Disclosed for 70 months, Dec 2020 to Sep 2026.
Portfolio value
₹683 Cr
up ₹36.6 Cr vs Nov 2023
- Stocks held
- 63
- up 1 vs Nov 2023
- Top 10 weight
- 44.1%
- of the portfolio in its ten largest
- Largest position
- 6.9%
- Veritas Global Focus Fund
- Cash & debt
- 4.1%
- cash, money market and debt
- Moves this month
- 1 in · 0 out
- added to 10, trimmed 9
DSP Value Fund is an active equity fund in the Value / Contra category from DSP Mutual Fund. In December 2023 it disclosed 63 stocks worth ₹683 Cr, up ₹36.6 Cr from Nov 2023. Its largest positions were Veritas Global Focus Fund (6.9%), Berkshire Hathaway Inc (6.8%), Lindsell Train Global Equity Fund (5.0%); the ten largest together made up 44.1% of the portfolio, and Pharmaceuticals & Biotechnology was the biggest sector at 15.9% of its equity. Cash and debt stood at 4.1%. Compared with Nov 2023 the fund entered 1 new stock and exited 0.
Against 26 other Value / Contra funds
Concentration
85%
Top-10 weight is higher than 85% of peers
Breadth
50%
Holds more stocks than 50% of peers
Cash
50%
Holds more cash than 50% of peers
What these mean: concentration · cash
Holdings in December 2023
Download CSVEvery line the fund disclosed, with the change against Nov 2023. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| Veritas Global Focus Fund Fund units | 6.89% | down 0.04 pts | ₹47.1 Cr | up ₹2.3 Cr | Added |
| Berkshire Hathaway Inc Berkshire Hathaway Inc - Class B · history in this fund | 6.85% | down 0.48 pts | ₹46.8 Cr | down ₹57 L | Trimmed |
| Lindsell Train Global Equity Fund Fund units | 4.98% | down 0.04 pts | ₹34 Cr | up ₹1.6 Cr | Added |
| Harding Loevner Global Equity Fund Fund units | 4.72% | down 0.03 pts | ₹32.3 Cr | up ₹1.5 Cr | Added |
| HDFC Bank Limited | 4.39% | up 0.16 pts | ₹30 Cr | up ₹2.6 Cr | Added |
| Cash, TREPS & receivables | 4.08% | down 1.62 pts | ₹27.9 Cr | down ₹9 Cr | Trimmed |
| Larsen & Toubro Limited | 3.61% | up 0.25 pts | ₹24.7 Cr | up ₹2.9 Cr | Added |
| WCM GLOBAL EQUITY FUND Fund units | 3.38% | down 0.02 pts | ₹23.1 Cr | up ₹1.1 Cr | Added |
| ITC Limited | 3.27% | up 0.01 pts | ₹22.3 Cr | up ₹1.3 Cr | Added |
| Ambuja Cements Limited | 3.11% | up 0.34 pts | ₹21.2 Cr | up ₹3.3 Cr | Added |
| Infosys Limited | 2.93% | up 0.01 pts | ₹20 Cr | up ₹1.1 Cr | Added |
| Cipla Limited | 2.85% | down 0.08 pts | ₹19.5 Cr | up ₹53 L | Added |
| Hindustan Aeronautics Limited | 2.67% | up 0.28 pts | ₹18.2 Cr | up ₹2.8 Cr | Added |
| Bajaj Auto Limited | 2.61% | up 0.14 pts | ₹17.8 Cr | up ₹1.9 Cr | Added |
| Coromandel International Limited | 2.59% | up 0.05 pts | ₹17.7 Cr | up ₹1.3 Cr | Added |
| Hindustan Petroleum Corporation Limited | 2.29% | up 0.18 pts | ₹15.6 Cr | up ₹2 Cr | Added |
| Sun Pharmaceutical Industries Limited | 2.21% | down 0.06 pts | ₹15.1 Cr | up ₹40 L | Added |
| Hero MotoCorp Limited | 2.01% | up 0.05 pts | ₹13.8 Cr | up ₹1.1 Cr | Added |
| Alkem Laboratories Limited | 1.93% | up 0.08 pts | ₹13.2 Cr | up ₹1.2 Cr | Added |
| Bharat Electronics Limited | 1.92% | up 0.31 pts | ₹13.1 Cr | up ₹2.7 Cr | Added |
| HCL Technologies Limited | 1.91% | up 0.06 pts | ₹13 Cr | up ₹1.1 Cr | Added |
| Dr. Reddy's Laboratories Limited | 1.79% | down 0.10 pts | ₹12.2 Cr | up ₹2 L | Held |
| IPCA Laboratories Limited | 1.70% | down 0.13 pts | ₹11.6 Cr | down ₹21 L | Trimmed |
| GAIL (India) Limited | 1.59% | up 0.22 pts | ₹10.9 Cr | up ₹2 Cr | Added |
| Radico Khaitan Limited | 1.57% | up 0.06 pts | ₹10.7 Cr | up ₹98 L | Added |
| JSW Steel Limited | 1.54% | up 0.06 pts | ₹10.5 Cr | up ₹94 L | Added |
| UltraTech Cement Limited | 1.49% | up 0.14 pts | ₹10.2 Cr | up ₹1.5 Cr | Added |
| Coal India Limited | 1.39% | up 0.05 pts | ₹9.5 Cr | up ₹85 L | Added |
| LTIMindtree Limited | 1.39% | up 0.10 pts | ₹9.5 Cr | up ₹1.1 Cr | Added |
| Bharat Petroleum Corporation Limited | 1.33% | down 0.03 pts | ₹9.1 Cr | up ₹30 L | Added |
| Chambal Fertilizers & Chemicals Limited | 1.28% | up 0.13 pts | ₹8.7 Cr | up ₹1.3 Cr | Added |
| Cyient Limited | 1.24% | up 0.13 pts | ₹8.4 Cr | up ₹1.3 Cr | Added |
| Tech Mahindra Limited | 1.20% | down 0.02 pts | ₹8.2 Cr | up ₹33 L | Added |
| PCBL Limited | 1.19% | down 0.17 pts | ₹8.1 Cr | down ₹66 L | Trimmed |
| Deepak Nitrite Limited | 1.13% | up 0.07 pts | ₹7.7 Cr | up ₹88 L | Added |
| eClerx Services Limited | 1.09% | down 0.10 pts | ₹7.5 Cr | down ₹25 L | Trimmed |
| Suven Pharmaceuticals Limited | 1.02% | up 0.04 pts | ₹7 Cr | up ₹61 L | Added |
| Jindal Steel & Power Limited | 0.94% | up 0.05 pts | ₹6.4 Cr | up ₹66 L | Added |
| VARDHMAN TEXTILES LTD. Vardhman Textiles Limited · history in this fund | 0.90% | down 0.10 pts | ₹6.1 Cr | down ₹31 L | Trimmed |
| Gujarat Ambuja Exports Limited | 0.84% | down 0.06 pts | ₹5.7 Cr | down ₹7 L | Trimmed |
| ACC Limited | 0.84% | up 0.09 pts | ₹5.7 Cr | up ₹87 L | Added |
| Apollo Tyres Limited | 0.82% | up <0.01 pts | ₹5.6 Cr | up ₹33 L | Added |
| Kalpataru Projects International Limited | 0.78% | up 0.01 pts | ₹5.3 Cr | up ₹35 L | Added |
| Pfizer Limited | 0.78% | down 0.01 pts | ₹5.3 Cr | up ₹23 L | Added |
| IDFC LTD. | 0.75% | up 0.01 pts | ₹5.1 Cr | up ₹33 L | Added |
| Alembic Pharmaceuticals Limited | 0.75% | down 0.03 pts | ₹5.1 Cr | up ₹9 L | Added |
| MAHINDRA CIE AUTOMOTIVE LTD | 0.74% | down 0.05 pts | ₹5.1 Cr | down ₹8 L | Trimmed |
| Punjab National Bank | 0.72% | up 0.10 pts | ₹4.9 Cr | up ₹93 L | Added |
| Atul Limited | 0.65% | up 0.02 pts | ₹4.4 Cr | up ₹34 L | Added |
| Avanti Feeds Limited | 0.60% | up 0.01 pts | ₹4.1 Cr | up ₹28 L | Added |
What changed, Nov 2023 to Dec 2023
New New positions (1)
- GMM Pfaudler Limited0.6% · ₹3.8 Cr
Exited Exited (0)
None.
Added Biggest additions
- Ambuja Cements Limitedup ₹3.3 Cr (+0.34% pts)
- Larsen & Toubro Limitedup ₹2.9 Cr (+0.25% pts)
- Hindustan Aeronautics Limitedup ₹2.8 Cr (+0.28% pts)
- Bharat Electronics Limitedup ₹2.7 Cr (+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 Nov 2023, the weight rose most in Industrial Manufacturing (+0.7 pts) and Aerospace & Defense (+0.6 pts), and fell most in Pharmaceuticals & Biotechnology (−0.8 pts) and Finance (−0.8 pts).
- Industrial Manufacturing0.0% → 0.7%new+0.7 pts
- Aerospace & Defense4.8% → 5.4%+0.6 pts
- Cement & Cement Products5.9% → 6.4%+0.5 pts
- Gas1.6% → 1.9%+0.2 pts
- Construction5.0% → 5.1%+0.2 pts
- Banks6.2% → 6.4%+0.1 pts
- Pharmaceuticals & Biotechnology16.7% → 15.9%−0.8 pts
- Finance9.7% → 8.9%−0.8 pts
- Agricultural Food & Other Products1.7% → 1.5%−0.2 pts
- Chemicals & Petrochemicals3.7% → 3.5%−0.2 pts
- Commercial Services & Supplies1.4% → 1.3%−0.2 pts
- Textiles - Cotton1.2% → 1.0%−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 | Dec 2020 | Dec 2022 | Jun 2023 | Sep 2023 | Nov 2023 | Dec 2023 |
|---|---|---|---|---|---|---|
| Pharmaceuticals & Biotechnology | 14.9% | 13.6% | 13.7% | 14.9% | 16.7% | 15.9% |
| Finance | 6.0% | 9.5% | 10.8% | 11.1% | 9.7% | 8.9% |
| IT - Software | 24.5% | 11.5% | 11.9% | 11.2% | 8.7% | 8.7% |
| Banks | — | 3.5% | 4.8% | 6.8% | 6.2% | 6.4% |
| Cement & Cement Products | 9.4% | 5.1% | 6.9% | 6.3% | 5.9% | 6.4% |
| Automobiles | 9.5% | 5.5% | 6.0% | 5.8% | 6.0% | 6.0% |
| Aerospace & Defense | 4.4% | 4.8% | 5.2% | 4.6% | 4.8% | 5.4% |
| Construction | — | 5.7% | 5.2% | 5.6% | 5.0% | 5.1% |
| Fertilizers & Agrochemicals | 2.5% | 4.6% | 4.5% | 5.0% | 4.4% | 4.5% |
| Petroleum Products | — | 2.9% | 4.0% | 3.5% | 4.2% | 4.2% |
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, Dec 2023
4.1%
▼ 1.6 pts vs Nov 2023
- Cash alone
- 3.8%
- cash and net receivables
- A year earlier
- 4.4%
- Dec 2022 · now ▼ 0.3 pts
- Last 12 months
- 3.3% – 7.4%
- lowest to highest · record 18.6% in Jan 2021
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.