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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
₹2,225 Cr
up ₹4.2 Cr vs Aug 2026
- Stocks held
- 60
- up 2 vs Aug 2026
- Top 10 weight
- 40.3%
- of the portfolio in its ten largest
- Cash & debt
- 5.7%
- cash, money market and debt
- Moves this month
- 3 in · 1 out
- added to 10, trimmed 36
DSP Value Fund is an active equity fund in the Value / Contra category from DSP Mutual Fund. In September 2026 it disclosed 60 stocks worth ₹2,225 Cr, up ₹4.2 Cr from Aug 2026. Its largest positions were HDFC Bank Limited (9.4%), ICICI Bank Limited (8.2%), NIFTY Oct26 (4.0%); the ten largest together made up 40.3% of the portfolio, and Banks was the biggest sector at 28.1% of its equity. Cash and debt stood at 5.7%. Compared with Aug 2026 the fund entered 3 new stocks and exited 1.
Against 26 other Value / Contra funds
Concentration
58%
Top-10 weight is higher than 58% of peers
Breadth
42%
Holds more stocks than 42% of peers
Cash
69%
Holds more cash than 69% of peers
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.
| HDFC Bank Limited | 9.45% | up 1.47 pts | ₹210 Cr | up ₹33.1 Cr | Added |
| ICICI Bank Limited | 8.22% | up 0.29 pts | ₹183 Cr | up ₹6.8 Cr | Added |
| Cash, TREPS & receivables | 5.66% | down 5.64 pts | ₹126 Cr | down ₹125 Cr | Trimmed |
| NIFTY Oct26 Derivative | 3.98% | up 3.98 pts | ₹88.6 Cr | up ₹88.6 Cr | New |
| Mahindra & Mahindra Limited | 3.29% | down 0.11 pts | ₹73.2 Cr | down ₹2.3 Cr | Trimmed |
| NTPC Limited | 2.65% | up 0.46 pts | ₹58.9 Cr | up ₹10.3 Cr | Added |
| Maruti Suzuki India Limited | 2.59% | up 0.63 pts | ₹57.6 Cr | up ₹14.1 Cr | Added |
| HDFC Asset Management Company Limited | 2.57% | up 0.85 pts | ₹57.2 Cr | up ₹18.9 Cr | Added |
| ITC Limited | 2.56% | up 0.30 pts | ₹56.9 Cr | up ₹6.9 Cr | Added |
| Axis Bank Limited | 2.48% | up 0.37 pts | ₹55.3 Cr | up ₹8.3 Cr | Added |
| Bharti Airtel Limited | 2.47% | down 0.08 pts | ₹55 Cr | down ₹1.7 Cr | Trimmed |
| Alkem Laboratories Limited | 2.43% | up 0.55 pts | ₹54 Cr | up ₹12.4 Cr | Added |
| Hero MotoCorp Limited | 2.30% | up 0.42 pts | ₹51.1 Cr | up ₹9.4 Cr | Added |
| Cipla Limited | 2.29% | up 0.76 pts | ₹51 Cr | up ₹17.1 Cr | Added |
| Kotak Mahindra Bank Limited | 2.15% | down 0.50 pts | ₹47.9 Cr | down ₹11.1 Cr | Trimmed |
| SBI Life Insurance Company Limited | 2.13% | down 0.06 pts | ₹47.5 Cr | down ₹1.2 Cr | Trimmed |
| State Bank of India | 2.02% | up 0.05 pts | ₹45 Cr | up ₹1.3 Cr | Added |
| HDFC Life Insurance Company Limited | 1.99% | down 0.09 pts | ₹44.3 Cr | down ₹1.9 Cr | Trimmed |
| Indus Towers Limited | 1.90% | up 0.19 pts | ₹42.3 Cr | up ₹4.3 Cr | Added |
| WCM GLOBAL EQUITY FUND Fund units | 1.65% | down <0.01 pts | ₹36.7 Cr | down ₹3 L | Held |
| Infosys Limited | 1.61% | up 0.35 pts | ₹35.8 Cr | up ₹7.8 Cr | Added |
| Power Grid Corporation of India Limited | 1.55% | down 0.02 pts | ₹34.4 Cr | down ₹40 L | Trimmed |
| Harding Loevner Global Equity Fund Fund units | 1.44% | down 0.02 pts | ₹32 Cr | down ₹37 L | Trimmed |
| Oberoi Realty Limited | 1.43% | up 0.09 pts | ₹31.9 Cr | up ₹2.1 Cr | Added |
| Oil & Natural Gas Corporation Limited | 1.40% | up 0.41 pts | ₹31.1 Cr | up ₹9.3 Cr | Added |
| Larsen & Toubro Limited | 1.34% | up 0.44 pts | ₹29.7 Cr | up ₹9.9 Cr | Added |
| Emami Limited | 1.25% | up 0.34 pts | ₹27.7 Cr | up ₹7.7 Cr | Added |
| Microsoft Corp | 1.13% | up 0.02 pts | ₹25.2 Cr | up ₹41 L | Added |
| Nvidia Corp Nvidia Corp Com · history in this fund | 1.06% | up 0.04 pts | ₹23.6 Cr | up ₹91 L | Added |
| Bharat Electronics Limited | 1.05% | down 0.07 pts | ₹23.3 Cr | down ₹1.6 Cr | Trimmed |
| UltraTech Cement Limited | 1.04% | down 0.05 pts | ₹23.2 Cr | down ₹1 Cr | Trimmed |
| Knowledge Realty Trust REIT / InvIT | 1.02% | up 1.02 pts | ₹22.6 Cr | up ₹22.6 Cr | New |
| ICICI Lombard General Insurance Company Limited | 1.02% | up 0.29 pts | ₹22.6 Cr | up ₹6.4 Cr | Added |
| Sony group | 1.01% | down 0.05 pts | ₹22.5 Cr | down ₹97 L | Trimmed |
| Max Financial Services Limited | 1.00% | up 1.00 pts | ₹22.2 Cr | up ₹22.2 Cr | New |
| Amazon Com Inc | 0.93% | down 0.04 pts | ₹20.6 Cr | down ₹76 L | Trimmed |
| Coromandel International Limited | 0.90% | down 0.08 pts | ₹20.1 Cr | down ₹1.7 Cr | Trimmed |
| Bharat Petroleum Corporation Limited | 0.84% | down 0.06 pts | ₹18.7 Cr | down ₹1.3 Cr | Trimmed |
| Sun Pharmaceutical Industries Limited | 0.84% | down 0.08 pts | ₹18.6 Cr | down ₹1.7 Cr | Trimmed |
| Contemporary Amperex Technology Co Limited | 0.81% | up 0.05 pts | ₹18 Cr | up ₹1.1 Cr | Added |
| Jindal Steel & Power Limited | 0.74% | down 0.04 pts | ₹16.5 Cr | down ₹84 L | Trimmed |
| LT Foods Limited | 0.73% | down 0.09 pts | ₹16.2 Cr | down ₹1.9 Cr | Trimmed |
| Life Insurance Corporation Of India | 0.73% | down 0.04 pts | ₹16.1 Cr | down ₹93 L | Trimmed |
| L'OREAL Schneider Electric Se Ord · history in this fund | 0.71% | down 0.02 pts | ₹15.9 Cr | down ₹39 L | Trimmed |
| KFin Technologies Limited | 0.67% | down 0.11 pts | ₹14.9 Cr | down ₹2.3 Cr | Trimmed |
| Alibaba Group Holding Limited | 0.67% | down 0.04 pts | ₹14.8 Cr | down ₹96 L | Trimmed |
| Oil India Limited | 0.64% | down 0.63 pts | ₹14.2 Cr | down ₹14 Cr | Trimmed |
| iShares S&P 500 Energy Sector UCITS ETF Fund units | 0.62% | up 0.01 pts | ₹13.9 Cr | up ₹15 L | Added |
| Tata Motors Limited | 0.59% | up 0.27 pts | ₹13.2 Cr | up ₹6 Cr | Added |
| Tencent Holdings Limited | 0.59% | down 0.03 pts | ₹13.2 Cr | down ₹59 L | Trimmed |
What changed, Aug 2026 to Sep 2026
New New positions (3)
- Max Financial Services Limited1.0% · ₹22.2 Cr
- Syngene International Limited0.2% · ₹4 Cr
- Abbott India Limited0.2% · ₹3.8 Cr
Exited Exited (1)
- Sony Financial Holdings INCwas <0.1% · ₹41 L
Added Biggest additions
- HDFC Bank Limitedup ₹33.1 Cr (+1.47% pts)
- HDFC Asset Management Company Limitedup ₹18.9 Cr (+0.85% 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 (+1.2 pts) and Pharmaceuticals & Biotechnology (+1.0 pts), and fell most in Petroleum Products (−3.0 pts) and Oil (−0.4 pts).
- Realty1.7% → 2.8%+1.2 pts
- Pharmaceuticals & Biotechnology6.7% → 7.8%+1.0 pts
- Insurance7.2% → 7.9%+0.7 pts
- Automobiles9.4% → 10.1%+0.7 pts
- Capital Markets3.1% → 3.8%+0.6 pts
- Construction1.1% → 1.5%+0.4 pts
- Petroleum Products4.7% → 1.7%−3.0 pts
- Oil2.8% → 2.4%−0.4 pts
- Consumer Durables2.4% → 2.1%−0.3 pts
- Telecom - Services5.3% → 5.1%−0.2 pts
- Finance1.5% → 1.3%−0.2 pts
- Aerospace & Defense1.4% → 1.2%−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 | Sep 2023 | Sep 2025 | Mar 2026 | Jun 2026 | Aug 2026 | Sep 2026 |
|---|---|---|---|---|---|---|
| Banks | 6.8% | 7.3% | 6.8% | 28.7% | 28.1% | 28.1% |
| Automobiles | 5.8% | 6.8% | 7.0% | 8.6% | 9.4% | 10.1% |
| Insurance | — | <0.1% | <0.1% | 5.7% | 7.2% | 7.9% |
| Pharmaceuticals & Biotechnology | 14.9% | 9.8% | 8.8% | 7.6% | 6.7% | 7.8% |
| Telecom - Services | — | 5.2% | 6.6% | 5.6% | 5.3% | 5.1% |
| Power | 0.3% | 2.6% | 3.5% | 4.2% | 4.7% | 4.9% |
| IT - Software | 11.2% | 9.8% | 8.3% | 4.5% | 3.8% | 3.8% |
| Capital Markets | — | 1.6% | 2.8% | 1.0% | 3.1% | 3.8% |
| Diversified FMCG | 4.4% | — | — | 2.9% | 2.8% | 3.0% |
| Realty | 0.3% | 1.6% | 1.8% | 1.8% | 1.7% | 2.8% |
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, Sep 2026
5.7%
▼ 5.6 pts vs Aug 2026
- Cash alone
- 5.7%
- cash and net receivables
- A year earlier
- 8.4%
- Sep 2025 · now ▼ 2.7 pts
- Last 12 months
- 5.7% – 20.0%
- lowest to highest · record 20.0% in Mar 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.