DSP Midcap Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Mid Cap Fund

Portfolio Turnover Ratio : 26.00%. Category average turnover ratio is 254.44%. Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)

Equity Holding : 94.82% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 94.82%

No of Stocks : 60 (Category Avg - 70.19) | Large Cap Investments : 9.07%| Mid Cap Investments : 41.38% | Small Cap Investments : 17.21% | Other : 27.16%

Portfolio Summary (as on 30th Nov,2025)

Particulars	This Scheme	Category
No. of Stocks	60	69.94
Top 5 Stock Weight	16.73%	17.53%
Top 10 Stock Weight	28.86%	30.61%
Top 3 Sector Weight	21.22%	21.1%

Category - Mid Cap Fund

Particulars	This Scheme	Category
Average mcap (Cr)	15732.55	14326.83
Holdings in large cap stocks	9.07%	9.42%
Holdings in mid cap stocks	41.38%	34.55%
Holdings in small cap stocks	17.21%	18.77%

Category - Mid Cap Fund

Top 10 Stocks holding in Portfolio (as on 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Coforge Ltd.	Computers - software & consulting	9431.4	4.75%	0.27%	4.92% (Dec 2024)	4.08% (Jan 2025)	49.41 L	0.00
Ipca Laboratories Ltd.	Pharmaceuticals	6739.1	3.39%	0.38%	4.07% (Dec 2024)	3.01% (Oct 2025)	46.38 L	0.00
L&T Finance Holdings Ltd.	Investment company	5867.6	2.96%	0.10%	2.96% (Nov 2025)	0.95% (Dec 2024)	1.88 Cr	-0.20 Cr
Au Small Finance Bank Ltd.	Other bank	5733.9	2.89%	0.20%	2.89% (Nov 2025)	1.87% (Mar 2025)	60.03 L	0.00
Coromandel International Ltd.	Fertilizers	5438.3	2.74%	0.27%	3.46% (Feb 2025)	2.47% (Oct 2025)	22.83 L	0.00
Max Financial Services Ltd.	Life insurance	5015.1	2.53%	0.21%	3.29% (Apr 2025)	2.29% (Jul 2025)	29.46 L	0.00
Voltas Limited	Household appliances	5009.1	2.52%	-0.05%	2.63% (Aug 2025)	1.67% (Jan 2025)	36.40 L	0.00
Fortis Healthcare Ltd.	Hospital	4735.4	2.39%	-0.31%	2.7% (Oct 2025)	1.52% (Dec 2024)	51.52 L	-0.14 L
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	4720.3	2.38%	0.03%	2.38% (Nov 2025)	0% (Dec 2024)	22.46 L	0.00
Phoenix Mills Ltd.	Residential, commercial projects	4580.3	2.31%	0.05%	2.99% (Feb 2025)	2.02% (Jul 2025)	26.37 L	0.00

- indicates change in weight in the portfolio. # indicates a new entry.

View complete holding

Complete equity Portfolio (as on 30th Nov,2025)

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Sector
M-Cap

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Stock Invested in	Sector	Sector Total	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty	M-Cap	GroupName
Coforge Ltd.	Computers - software & consulting	8.43	9431.4	4.75%	0.27%	4.92% (Dec 2024)	4.08% (Jan 2025)	49.41 L	0.00	Other	27.16
Ipca Laboratories Ltd.	Pharmaceuticals	6.77	6739.1	3.39%	0.38%	4.07% (Dec 2024)	3.01% (Oct 2025)	46.38 L	0.00	Other	27.16
L&T Finance Holdings Ltd.	Investment company	4.19	5867.6	2.96%	0.10%	2.96% (Nov 2025)	0.95% (Dec 2024)	1.88 Cr	-0.20 Cr	Mid Cap	41.38
Au Small Finance Bank Ltd.	Other bank	2.89	5733.9	2.89%	0.20%	2.89% (Nov 2025)	1.87% (Mar 2025)	60.03 L	0.00	Mid Cap	41.38
Coromandel International Ltd.	Fertilizers	2.74	5438.3	2.74%	0.27%	3.46% (Feb 2025)	2.47% (Oct 2025)	22.83 L	0.00	Mid Cap	41.38
Max Financial Services Ltd.	Life insurance	2.53	5015.1	2.53%	0.21%	3.29% (Apr 2025)	2.29% (Jul 2025)	29.46 L	0.00	Mid Cap	41.38
Voltas Limited	Household appliances	2.52	5009.1	2.52%	-0.05%	2.63% (Aug 2025)	1.67% (Jan 2025)	36.40 L	0.00	Mid Cap	41.38
Fortis Healthcare Ltd.	Hospital	2.39	4735.4	2.39%	-0.31%	2.7% (Oct 2025)	1.52% (Dec 2024)	51.52 L	-0.14 L	Other	27.16
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	2.38	4720.3	2.38%	0.03%	2.38% (Nov 2025)	0% (Dec 2024)	22.46 L	0.00	Large Cap	9.07
Phoenix Mills Ltd.	Residential, commercial projects	2.31	4580.3	2.31%	0.05%	2.99% (Feb 2025)	2.02% (Jul 2025)	26.37 L	0.00	Small Cap	17.21
Jindal Steel Ltd.	Iron & steel products	3.54	4568.7	2.30%	-0.08%	2.43% (Sep 2025)	1% (Dec 2024)	43.74 L	0.00	Mid Cap	41.38
Alkem Laboratories Ltd.	Pharmaceuticals	6.77	4252.4	2.14%	0.04%	2.19% (Feb 2025)	1.89% (Jun 2025)	7.48 L	0.00	Mid Cap	41.38
Power Finance Corporation Ltd.	Financial institution	2.12	4205.5	2.12%	-0.26%	2.79% (Mar 2025)	2.12% (Nov 2025)	1.16 Cr	0.00	Mid Cap	41.38
Polycab India Limited	Cables - electricals	3.84	4166.4	2.10%	-0.09%	2.19% (Oct 2025)	1.56% (Feb 2025)	5.58 L	0.00	Other	27.16
Schaeffler India Ltd.	Auto components & equipments	6.02	4110.4	2.07%	-0.09%	2.36% (May 2025)	1.86% (Dec 2024)	10.54 L	0.00	Other	27.16
Federal Bank Ltd.	Private sector bank	2.04	4047.1	2.04%	0.15%	2.23% (Mar 2025)	1.87% (Sep 2025)	1.57 Cr	0.00	Mid Cap	41.38
Nippon Life India Asset Management Ltd.	Asset management company	2	3976.9	2.00%	-0.03%	2.36% (Jun 2025)	1.8% (Feb 2025)	45.42 L	0.00	Mid Cap	41.38
Supreme Industries Ltd.	Plastic products - industrial	1.94	3849.8	1.94%	-0.49%	2.94% (Aug 2025)	1.94% (Nov 2025)	11.35 L	-1.15 L	Mid Cap	41.38
Dixon Technologies (India) Ltd.	Consumer electronics	1.96	3804.4	1.92%	-0.14%	2.85% (Apr 2025)	1.92% (Nov 2025)	2.61 L	0.00	Other	27.16
KPIT Technologies Ltd.	Computers - software & consulting	8.43	3797.8	1.91%	0.06%	2.34% (Mar 2025)	1.61% (Dec 2024)	31.07 L	0.00	Other	27.16
Page Industries Ltd.	Garments & apparels	1.83	3637.8	1.83%	-0.16%	2.45% (Apr 2025)	1.83% (Nov 2025)	94.93 k	0.00	Mid Cap	41.38
UNO Minda Ltd.	Auto components & equipments	6.02	3610.9	1.82%	0.08%	2.04% (Dec 2024)	1.37% (Mar 2025)	27.63 L	0.00	Small Cap	17.21
Hindustan Petroleum Corporation Ltd.	Refineries & marketing	1.81	3589.3	1.81%	-0.09%	2.01% (Dec 2024)	1.49% (Aug 2025)	78.45 L	0.00	Large Cap	9.07
Mphasis Ltd.	Computers - software & consulting	8.43	3505.7	1.77%	0.01%	1.83% (Aug 2025)	1.24% (Dec 2024)	12.47 L	0.00	Mid Cap	41.38
Bharat Forge Ltd.	Castings & forgings	1.76	3495.6	1.76%	-0.07%	3.06% (Jan 2025)	1.72% (Sep 2025)	24.38 L	-2.77 L	Mid Cap	41.38
KEI Industries Ltd.	Cables - electricals	3.84	3458.1	1.74%	0.02%	1.74% (Nov 2025)	0.89% (Mar 2025)	8.34 L	0.00	Small Cap	17.21
Jubilant Ingrevia Ltd.	Specialty chemicals	4.18	3164.8	1.59%	0.02%	1.91% (Dec 2024)	1.49% (Sep 2025)	44.70 L	0.00	Other	27.16
Apollo Tyres Limited	Tyres & rubber products	1.59	3160.5	1.59%	0.02%	1.64% (Apr 2025)	1.16% (Jan 2025)	61.49 L	0.00	Mid Cap	41.38
J.K. Cement Ltd.	Cement & cement products	1.58	3145.4	1.58%	-0.14%	2.94% (Jan 2025)	1.58% (Nov 2025)	5.46 L	2.30 k	Small Cap	17.21
Atul Ltd.	Specialty chemicals	4.18	3063.3	1.54%	0.01%	1.99% (Jun 2025)	1.53% (Oct 2025)	5.21 L	0.00	Mid Cap	41.38
Techno Electric & Engineering Co. Ltd.	Civil construction	1.49	2953.3	1.49%	-0.16%	1.89% (Jun 2025)	1.35% (Mar 2025)	24.50 L	0.00	Small Cap	17.21
Multi Commodity Exchange Of India Ltd.	Exchange and data platform	1.49	2952.4	1.49%	0.11%	1.49% (Nov 2025)	0% (Dec 2024)	2.93 L	0.00	Small Cap	17.21
Kirloskar Oil Engines Ltd.	Compressors, pumps & diesel engines	1.44	2866.1	1.44%	0.14%	1.44% (Nov 2025)	0.75% (Feb 2025)	25.48 L	0.00	Small Cap	17.21
Bank Of India	Public sector bank	1.44	2852.2	1.44%	0.06%	1.44% (Nov 2025)	0.84% (Dec 2024)	1.94 Cr	0.00	Mid Cap	41.38
Hero Motocorp Ltd.	2/3 wheelers	1.24	2464.4	1.24%	0.11%	2.47% (Jan 2025)	1.07% (Aug 2025)	3.99 L	0.00	Large Cap	9.07
APL Apollo Tubes Ltd.	Iron & steel products	3.54	2452.6	1.24%	-0.06%	1.56% (Jan 2025)	1.18% (Jul 2025)	14.27 L	0.00	Other	27.16
Cholamandalam Financial Holdings Ltd.	Investment company	4.19	2440.4	1.23%	-0.06%	1.29% (Oct 2025)	0% (Dec 2024)	13.22 L	0.00	Small Cap	17.21
Motherson Sumi Systems Ltd.	Auto components & equipments	6.02	2328.5	1.17%	0.09%	1.17% (Nov 2025)	0.77% (Feb 2025)	2.00 Cr	0.00	Large Cap	9.07
Vishal Mega Mart Ltd.	Diversified retail	1.16	2312.4	1.16%	-0.10%	1.8% (Aug 2025)	0.73% (Dec 2024)	1.70 Cr	0.00	Other	27.16
Pi Industries Ltd.	Pesticides & agrochemicals	2.16	2262.8	1.14%	0.10%	1.14% (Nov 2025)	0% (Dec 2024)	6.66 L	99.06 k	Mid Cap	41.38
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	1.13	2252.9	1.13%	0.06%	1.13% (Nov 2025)	0% (Dec 2024)	6.00 L	0.00	Large Cap	9.07
Emami Ltd.	Personal care	1.08	2153	1.08%	-0.03%	1.68% (Apr 2025)	1.08% (Nov 2025)	40.58 L	0.00	Mid Cap	41.38
Eternal Ltd.	E-retail/ e-commerce	1.05	2085.5	1.05%	0.13%	1.05% (Nov 2025)	0% (Dec 2024)	69.49 L	13.00 L	Other	27.16
Gujarat Fluorochemicals Ltd.	Specialty chemicals	4.18	2080.3	1.05%	-0.11%	1.42% (Mar 2025)	1% (Jan 2025)	6.08 L	0.00	Other	27.16
Cholamandalam Investment & Finance Co. Ltd.	Non banking financial company (nbfc)	2.04	2070.4	1.04%	0.27%	1.04% (Nov 2025)	0% (Dec 2024)	11.93 L	3.03 L	Other	27.16
Oil India Ltd.	Oil exploration & production	1.04	2056.9	1.04%	-0.06%	1.18% (Jan 2025)	1.02% (Aug 2025)	49.78 L	0.00	Mid Cap	41.38
Dhanuka Agritech Ltd.	Pesticides & agrochemicals	2.16	2025.4	1.02%	-0.13%	1.62% (Jul 2025)	1.02% (Nov 2025)	16.38 L	0.00	Small Cap	17.21
HDB Financial Services Ltd.	Non banking financial company (nbfc)	2.04	1989.9	1.00%	0.03%	1.02% (Sep 2025)	0% (Dec 2024)	25.94 L	0.00	Other	27.16
- Alembic Pharmaceuticals Ltd.	Pharmaceuticals	6.77	1925.9	0.97%	0.00%	1.64% (Dec 2024)	0.97% (Nov 2025)	21.23 L	-7.01 k	Mid Cap	41.38
Tube Investments Of India Ltd.	Auto components & equipments	6.02	1912.8	0.96%	-0.10%	1.12% (May 2025)	0% (Dec 2024)	6.87 L	0.00	Small Cap	17.21
Cyient Ltd.	It enabled services	0.8	1593.5	0.80%	-0.04%	1.21% (Dec 2024)	0.8% (Nov 2025)	14.18 L	0.00	Small Cap	17.21
Apar Industries Ltd.	Other electrical equipment	0.8	1578.8	0.80%	0.04%	1.07% (Dec 2024)	0.55% (Apr 2025)	1.72 L	0.00	Small Cap	17.21
GAIL (India) Ltd.	Gas transmission/marketing	0.78	1557.7	0.78%	-0.04%	0.95% (Apr 2025)	0.78% (Nov 2025)	88.46 L	0.00	Large Cap	9.07
Westlife Development Ltd.	Restaurants	0.53	1049.6	0.53%	-0.03%	0.8% (Feb 2025)	0.53% (Nov 2025)	18.50 L	0.00	Small Cap	17.21
Syngene International Ltd.	Healthcare research, analytics & technology	0.52	1028.6	0.52%	-0.01%	0.59% (Jul 2025)	0% (Dec 2024)	15.87 L	0.00	Mid Cap	41.38
Hatsun Agro Products Ltd.	Dairy products	0.52	1026.3	0.52%	-0.03%	1.54% (Feb 2025)	0.52% (Nov 2025)	9.76 L	0.00	Mid Cap	41.38
- Lenskart Solutions Ltd.	Speciality retail	0.46	918.9	0.46%	0.00%	0.46% (Nov 2025)	0% (Dec 2024)	22.39 L	0.00	Other	27.16
Container Corporation Of India Ltd.	Logistics solution provider	0.29	577.4	0.29%	-0.03%	1.03% (Jan 2025)	0.29% (Nov 2025)	11.29 L	-0.20 L	Large Cap	9.07
Cipla Ltd.	Pharmaceuticals	6.77	530.4	0.27%	-0.97%	1.44% (Feb 2025)	0.27% (Nov 2025)	3.46 L	-0.13 Cr	Large Cap	9.07
- LG Electronics India Pvt. Ltd.	Consumer electronics	1.96	74.5	0.04%	0.00%	0.04% (Nov 2025)	0% (Dec 2024)	44.92 k	0.00	Other	27.16
Timken India Ltd.	Abrasives & bearings		588.7	0.00%	-0.30%	-	-	-	-	Small Cap	17.21

- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
No new entrants in the portfolio in the last month.

Stocks removed from Portfolio (in 1 month period ending 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Timken India Ltd.	Abrasives & bearings	588.7	0.00%	-0.30%	0.89% (May 2025)	0% (Dec 2024)	0.00	-187241

Trend in stock holdings (Top 15 Holding)

Stock	Nov 2025	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024
Coforge Ltd.	4.75%	4.48%	4.10%	4.48%	4.47%	4.86%	4.52%	4.09%	4.53%	4.46%	4.08%	4.92%	4.93%
Ipca Laboratories Ltd.	3.39%	3.01%	3.24%	3.37%	3.54%	3.30%	3.53%	3.68%	4.05%	3.96%	3.77%	4.07%	3.46%
Coromandel International Ltd.	2.74%	2.47%	2.68%	2.77%	3.24%	2.98%	2.85%	2.92%	3.38%	3.46%	3.36%	3.21%	3.07%
Jindal Steel Ltd.	2.30%	2.38%	2.43%	4.34%	-	-	-	-	-	-	-	-	-
Jindal Steel & Power Ltd.	-	-	-	-	1.70%	1.64%	1.72%	1.53%	1.60%	1.52%	1.26%	1.00%	0.98%
Max Financial Services Ltd.	2.53%	2.32%	2.42%	2.48%	2.29%	2.69%	3.10%	3.29%	2.97%	2.80%	2.80%	2.57%	2.63%
Supreme Industries Ltd.	1.94%	2.43%	2.75%	2.94%	2.78%	2.81%	2.77%	2.50%	2.49%	2.52%	2.69%	2.83%	2.81%
Power Finance Corporation Ltd.	2.12%	2.38%	2.48%	2.31%	2.46%	2.53%	2.52%	2.68%	2.79%	2.66%	2.76%	2.69%	2.99%
UNO Minda Ltd.	1.82%	1.74%	1.87%	1.86%	1.49%	1.56%	2.98%	2.80%	2.74%	2.80%	2.86%	4.08%	4.66%
Bharat Forge Ltd.	1.76%	1.83%	1.72%	1.94%	2.51%	2.78%	2.76%	2.60%	2.87%	2.84%	3.06%	2.99%	3.07%
Phoenix Mills Ltd.	2.31%	2.26%	2.14%	2.08%	2.02%	2.08%	2.14%	2.46%	2.49%	2.99%	2.83%	2.59%	2.64%
Au Small Finance Bank Ltd.	2.89%	2.69%	2.29%	2.26%	2.30%	2.51%	2.22%	2.31%	1.87%	2.14%	2.03%	2.57%	2.70%
Dixon Technologies (India) Ltd.	1.92%	2.06%	2.22%	2.28%	2.27%	2.00%	2.12%	2.85%	2.34%	2.68%	2.58%	2.29%	2.03%
Page Industries Ltd.	1.83%	1.99%	2.02%	2.21%	2.40%	2.40%	2.35%	2.45%	2.36%	2.44%	2.40%	2.35%	2.22%
J.K. Cement Ltd.	1.58%	1.72%	1.79%	2.11%	2.32%	2.16%	2.29%	2.26%	2.23%	2.86%	2.94%	2.58%	2.41%
Federal Bank Ltd.	2.04%	1.89%	1.87%	2.00%	2.08%	2.17%	2.15%	2.22%	2.23%	2.22%	2.10%	2.21%	2.88%