DSP Flexi Cap 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 : Flexi Cap Fund

Equity Holding : 97.85% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 97.85%

No of Stocks : 61 (Category Avg - 63.19) | Large Cap Investments : 41.25%| Mid Cap Investments : 13.19% | Small Cap Investments : 13.6% | Other : 29.81%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	61	62.86
Top 5 Stock Weight	26.42%	25.13%
Top 10 Stock Weight	39.65%	40.11%
Top 3 Sector Weight	34.59%	30.54%

Category - Flexi Cap Fund

Particulars	This Scheme	Category
Average mcap (Cr)	84926.01	90047.83
Holdings in large cap stocks	41.25%	39.52%
Holdings in mid cap stocks	13.19%	12.99%
Holdings in small cap stocks	13.6%	11.31%

Category - Flexi Cap Fund

Top 10 Stocks holding in Portfolio (as on 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Bajaj Finance Ltd.	Non banking financial company (nbfc)	7129.4	5.84%	-2.33%	8.17% (Sep 2025)	5.45% (Nov 2024)	68.37 L	-0.29 Cr
ICICI Bank Ltd.	Private sector bank	7013.2	5.75%	-0.15%	6.64% (Apr 2025)	5.75% (Oct 2025)	52.13 L	0.00
HDFC Bank Ltd.	Private sector bank	6335.4	5.19%	0.07%	5.48% (Apr 2025)	4.96% (Nov 2024)	64.17 L	0.00
State Bank Of India	Public sector bank	5983.4	4.91%	1.32%	4.91% (Oct 2025)	1.64% (Feb 2025)	63.86 L	14.91 L
Axis Bank Ltd.	Private sector bank	5772.3	4.73%	0.52%	4.73% (Oct 2025)	3.58% (Jan 2025)	46.82 L	2.54 L
Coforge Ltd.	Computers - software & consulting	3734.9	3.06%	0.25%	3.32% (Jun 2025)	2.28% (Jan 2025)	21.00 L	0.00
Cholamandalam Investment & Finance Co. Ltd.	Non banking financial company (nbfc)	3268.7	2.68%	0.07%	2.93% (Feb 2025)	2.21% (Dec 2024)	19.26 L	0.00
Motherson Sumi Systems Ltd.	Auto components & equipments	3116.1	2.55%	-0.07%	2.72% (Nov 2024)	2.27% (Feb 2025)	2.96 Cr	0.00
Radico Khaitan Ltd.	Breweries & distilleries	3067.6	2.51%	0.13%	2.51% (Oct 2025)	1.93% (Jan 2025)	9.80 L	0.00
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	2966.7	2.43%	0.62%	2.43% (Oct 2025)	0% (Nov 2024)	14.44 L	2.96 L

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

View complete holding

Complete equity Portfolio (as on 31st Oct,2025)

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Sector
M-Cap

Help me understand this table

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
Bajaj Finance Ltd.	Non banking financial company (nbfc)	9.84	7129.4	5.84%	-2.33%	8.17% (Sep 2025)	5.45% (Nov 2024)	68.37 L	-0.29 Cr	Other	29.81
ICICI Bank Ltd.	Private sector bank	15.67	7013.2	5.75%	-0.15%	6.64% (Apr 2025)	5.75% (Oct 2025)	52.13 L	0.00	Large Cap	41.25
HDFC Bank Ltd.	Private sector bank	15.67	6335.4	5.19%	0.07%	5.48% (Apr 2025)	4.96% (Nov 2024)	64.17 L	0.00	Other	29.81
State Bank Of India	Public sector bank	4.91	5983.4	4.91%	1.32%	4.91% (Oct 2025)	1.64% (Feb 2025)	63.86 L	14.91 L	Large Cap	41.25
Axis Bank Ltd.	Private sector bank	15.67	5772.3	4.73%	0.52%	4.73% (Oct 2025)	3.58% (Jan 2025)	46.82 L	2.54 L	Large Cap	41.25
Coforge Ltd.	Computers - software & consulting	9.08	3734.9	3.06%	0.25%	3.32% (Jun 2025)	2.28% (Jan 2025)	21.00 L	0.00	Other	29.81
Cholamandalam Investment & Finance Co. Ltd.	Non banking financial company (nbfc)	9.84	3268.7	2.68%	0.07%	2.93% (Feb 2025)	2.21% (Dec 2024)	19.26 L	0.00	Other	29.81
Motherson Sumi Systems Ltd.	Auto components & equipments	4.95	3116.1	2.55%	-0.07%	2.72% (Nov 2024)	2.27% (Feb 2025)	2.96 Cr	0.00	Large Cap	41.25
Radico Khaitan Ltd.	Breweries & distilleries	2.51	3067.6	2.51%	0.13%	2.51% (Oct 2025)	1.93% (Jan 2025)	9.80 L	0.00	Small Cap	13.6
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	2.43	2966.7	2.43%	0.62%	2.43% (Oct 2025)	0% (Nov 2024)	14.44 L	2.96 L	Large Cap	41.25
Cipla Ltd.	Pharmaceuticals	7.21	2842.9	2.33%	-0.06%	2.58% (Feb 2025)	2.07% (Nov 2024)	18.94 L	0.00	Large Cap	41.25
Infosys Ltd.	Computers - software & consulting	9.08	2688	2.20%	0.01%	3.79% (Jan 2025)	2.19% (Sep 2025)	18.13 L	0.00	Large Cap	41.25
Bharat Petroleum Corporation Ltd.	Refineries & marketing	2.16	2639	2.16%	0.05%	2.16% (Oct 2025)	1.24% (Nov 2024)	73.96 L	0.00	Large Cap	41.25
CG Power and Industrial Solutions Ltd.	Heavy electrical equipment	3.68	2604	2.13%	-0.07%	2.2% (Sep 2025)	1.3% (Apr 2025)	35.35 L	0.00	Small Cap	13.6
Max Financial Services Ltd.	Life insurance	2	2439.2	2.00%	-0.09%	2.27% (Apr 2025)	0% (Nov 2024)	15.77 L	0.00	Mid Cap	13.19
Alkem Laboratories Ltd.	Pharmaceuticals	7.21	2429	1.99%	-0.02%	2.15% (Dec 2024)	1.79% (Jun 2025)	4.41 L	0.00	Mid Cap	13.19
HCL Technologies Limited	Computers - software & consulting	9.08	2385	1.96%	0.42%	2.2% (Dec 2024)	1.54% (Sep 2025)	15.47 L	2.21 L	Large Cap	41.25
Tata Consultancy Services Ltd.	Computers - software & consulting	9.08	2272	1.86%	0.06%	1.96% (Aug 2025)	1.32% (Jul 2025)	7.43 L	0.00	Large Cap	41.25
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	1.85	2253.8	1.85%	-0.01%	1.86% (Sep 2025)	0% (Nov 2024)	6.46 L	0.00	Large Cap	41.25
UNO Minda Ltd.	Auto components & equipments	4.95	2242.7	1.84%	-0.14%	1.99% (Aug 2025)	1.42% (Apr 2025)	18.16 L	0.00	Small Cap	13.6
Avenue Supermarts Ltd.	Diversified retail	1.81	2207	1.81%	-0.19%	2.26% (Apr 2025)	1.81% (Oct 2025)	5.31 L	0.00	Large Cap	41.25
APL Apollo Tubes Ltd.	Iron & steel products	1.75	2138.9	1.75%	0.34%	1.75% (Oct 2025)	1.35% (Jul 2025)	11.94 L	1.96 L	Other	29.81
Polycab India Limited	Cables - electricals	1.74	2122.4	1.74%	0.05%	2.1% (Dec 2024)	1.33% (Apr 2025)	2.75 L	0.00	Other	29.81
Century Plyboards India Ltd.	Plywood boards/ laminates	1.71	2087	1.71%	-0.18%	2.02% (Jan 2025)	1.69% (Apr 2025)	27.66 L	0.00	Small Cap	13.6
Gujarat Fluorochemicals Ltd.	Specialty chemicals	2.05	2009.7	1.65%	-0.02%	2.29% (Nov 2024)	1.57% (Aug 2025)	5.37 L	0.00	Other	29.81
KEC International Ltd.	Heavy electrical equipment	3.68	1896.7	1.55%	-0.15%	2.4% (Dec 2024)	1.42% (Apr 2025)	23.19 L	0.00	Small Cap	13.6
Hindustan Unilever Ltd.	Diversified fmcg	1.53	1870.9	1.53%	-0.07%	2.37% (Jan 2025)	1.43% (Jun 2025)	7.59 L	0.00	Large Cap	41.25
Indus Towers Ltd.	Telecom - infrastructure	1.53	1867.9	1.53%	0.05%	2.39% (Apr 2025)	1.48% (Sep 2025)	51.37 L	0.00	Large Cap	41.25
Suven Pharmaceuticals Ltd.	Pharmaceuticals	7.21	1848.8	1.52%	-0.29%	2.34% (Feb 2025)	1.38% (Aug 2025)	24.54 L	0.00	Other	29.81
Au Small Finance Bank Ltd.	Other bank	1.47	1797.1	1.47%	0.04%	1.88% (Jun 2025)	1.35% (Mar 2025)	20.47 L	-2.82 L	Mid Cap	13.19
Kirloskar Oil Engines Ltd.	Compressors, pumps & diesel engines	1.43	1745.9	1.43%	0.08%	1.43% (Oct 2025)	0.97% (Feb 2025)	17.46 L	0.00	Small Cap	13.6
Prudent Corporate Advisory Services Ltd.	Financial products distributor	1.42	1728.3	1.42%	-0.04%	2.71% (Nov 2024)	1.22% (Apr 2025)	6.76 L	0.00	Other	29.81
Power Finance Corporation Ltd.	Financial institution	2.21	1708	1.40%	-0.06%	1.78% (Nov 2024)	1.38% (Aug 2025)	42.36 L	0.00	Mid Cap	13.19
Ipca Laboratories Ltd.	Pharmaceuticals	7.21	1671.1	1.37%	-0.11%	1.93% (Dec 2024)	1.37% (Oct 2025)	13.15 L	0.00	Other	29.81
Manappuram Finance Ltd.	Non banking financial company (nbfc)	9.84	1607	1.32%	-0.09%	1.41% (Sep 2025)	0% (Nov 2024)	59.63 L	0.00	Mid Cap	13.19
Crompton Greaves Consumer Electricals Ltd.	Household appliances	1.21	1470.5	1.21%	-0.06%	1.81% (Nov 2024)	1.21% (Oct 2025)	52.02 L	0.00	Mid Cap	13.19
Syngene International Ltd.	Healthcare research, analytics & technology	1.16	1418.7	1.16%	0.02%	1.17% (Aug 2025)	0% (Nov 2024)	21.82 L	0.00	Mid Cap	13.19
GAIL (India) Ltd.	Gas transmission/marketing	1.09	1333.6	1.09%	0.01%	1.24% (Nov 2024)	1.08% (Aug 2025)	72.97 L	0.00	Large Cap	41.25
Rainbow Childrens Medicare Ltd.	Hospital	1.07	1308.9	1.07%	-0.02%	1.29% (Nov 2024)	1.07% (Oct 2025)	9.56 L	0.00	Other	29.81
ICICI Lombard General Insurance Co Ltd.	General insurance	1.81	1261.9	1.03%	0.03%	1.07% (Jan 2025)	0.98% (Dec 2024)	6.33 L	0.00	Large Cap	41.25
J K Lakshmi Cement Ltd.	Cement & cement products	1.65	1232.9	1.01%	-0.01%	1.16% (Jul 2025)	0.92% (Feb 2025)	14.17 L	0.00	Small Cap	13.6
Oil India Ltd.	Oil exploration & production	0.96	1165.2	0.96%	0.03%	1.12% (Nov 2024)	0.89% (Feb 2025)	26.89 L	0.00	Mid Cap	13.19
Hindalco Industries Ltd.	Aluminium	0.84	1028.8	0.84%	0.06%	0.84% (Feb 2025)	0.72% (Dec 2024)	12.13 L	0.00	Large Cap	41.25
Rural Electrification Corporation Limited	Financial institution	2.21	988.4	0.81%	-0.02%	1.19% (Nov 2024)	0.79% (Aug 2025)	26.37 L	0.00	Mid Cap	13.19
Niva Bupa Health Insurance Company Ltd.	General insurance	1.81	951.9	0.78%	-0.09%	0.94% (Jul 2025)	0% (Nov 2024)	1.27 Cr	0.00	Other	29.81
Ganesha Ecosphere Ltd.	Other textile products	0.68	827.6	0.68%	0.01%	1.46% (Nov 2024)	0.67% (Sep 2025)	6.78 L	0.00	Small Cap	13.6
J.K. Cement Ltd.	Cement & cement products	1.65	786.4	0.64%	-0.03%	0.9% (Jul 2025)	0.58% (Nov 2024)	1.27 L	0.00	Small Cap	13.6
Havells India Ltd.	Consumer electronics	1.11	721.9	0.59%	-0.02%	0.71% (Nov 2024)	0.59% (Oct 2025)	4.83 L	0.00	Large Cap	41.25
Schaeffler India Ltd.	Auto components & equipments	4.95	683.4	0.56%	-0.04%	1.08% (Jan 2025)	0.56% (Oct 2025)	1.70 L	0.00	Other	29.81
PG Electroplast Ltd.	Consumer electronics	1.11	612.1	0.50%	0.05%	0.73% (Jul 2025)	0% (Nov 2024)	10.72 L	0.00	Other	29.81
Indigo Paints Ltd.	Paints	0.49	591.8	0.49%	-0.03%	0.72% (Dec 2024)	0.49% (Oct 2025)	5.92 L	0.00	Other	29.81
Atul Ltd.	Specialty chemicals	2.05	486.6	0.40%	-0.03%	0.52% (Nov 2024)	0.4% (Oct 2025)	84.45 k	0.00	Mid Cap	13.19
Emami Ltd.	Personal care	0.39	473.1	0.39%	-0.01%	0.51% (Nov 2024)	0.39% (Oct 2025)	8.85 L	0.00	Mid Cap	13.19
Bajaj Finserv Ltd	Holding company	0.17	203.5	0.17%	-0.82%	1.06% (Feb 2025)	0.17% (Oct 2025)	97.47 k	-4.89 L	Other	29.81
- Phoenix Mills Ltd.	Residential, commercial projects	0.1	123.6	0.10%	0.00%	0.1% (Sep 2025)	0.05% (May 2025)	73.46 k	0.00	Small Cap	13.6
# Petronet LNG Ltd.	Lpg/cng/png/lng supplier	0.1	122.7	0.10%	0.10%	0.1% (Oct 2025)	0% (Nov 2024)	4.36 L	4.36 L	Large Cap	41.25
- Pi Industries Ltd.	Pesticides & agrochemicals	0.07	82.1	0.07%	0.00%	0.96% (Nov 2024)	0.07% (Feb 2025)	22.94 k	0.00	Mid Cap	13.19
# LG Electronics India Pvt. Ltd.	Consumer electronics	1.11	24.9	0.02%	0.02%	0.02% (Oct 2025)	0% (Nov 2024)	14.97 k	14.97 k	Other	29.81
- AIA Engineering Ltd.	Castings & forgings	0.01	13.9	0.01%	0.00%	1.19% (Jan 2025)	0.01% (Jul 2025)	4.28 k	0.00	Mid Cap	13.19
- SIP Technologies & Exports Ltd.	Computers - software & consulting	9.08	0	0.00%	0.00%	0% (Feb 2025)	0% (Aug 2025)	1.23 L	0.00	Other	29.81
- Magnasound (India) Limited	Media & entertainment	0	0	0.00%	0.00%	0% (Sep 2025)	0% (Jan 2025)	25.00 k	0.00	Other	29.81

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

New Stocks added in Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# Petronet LNG Ltd.	Lpg/cng/png/lng supplier	122.7	0.10%	0.10%	0.1% (Oct 2025)	0% (Nov 2024)	4.36 L	436421
# LG Electronics India Pvt. Ltd.	Consumer electronics	24.9	0.02%	0.02%	0.02% (Oct 2025)	0% (Nov 2024)	14.97 k	14974

Stocks removed from Portfolio (in 1 month period ending 31st Oct,2025)

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

Trend in stock holdings (Top 15 Holding)

Stock	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024	Oct 2024
Bajaj Finance Ltd.	5.84%	8.17%	7.32%	7.24%	7.49%	7.56%	7.38%	7.83%	8.07%	6.98%	5.76%	5.45%	5.70%
ICICI Bank Ltd.	5.75%	5.90%	6.24%	6.52%	6.18%	6.37%	6.64%	6.42%	6.20%	6.03%	5.89%	5.87%	5.82%
HDFC Bank Ltd.	5.19%	5.12%	5.23%	5.46%	5.27%	5.27%	5.48%	5.32%	5.45%	5.00%	4.97%	4.96%	4.78%
Axis Bank Ltd.	4.73%	4.21%	3.96%	3.99%	4.36%	4.25%	4.39%	4.17%	4.16%	3.58%	3.69%	3.87%	3.94%
Coforge Ltd.	3.06%	2.81%	3.10%	3.10%	3.32%	3.03%	2.53%	2.88%	2.82%	2.28%	2.54%	2.34%	2.58%
Infosys Ltd.	2.20%	2.19%	2.28%	2.31%	2.38%	2.39%	2.38%	2.55%	2.97%	3.79%	3.62%	3.52%	3.32%
State Bank Of India	4.91%	3.59%	3.36%	3.29%	3.01%	3.07%	3.09%	1.70%	1.64%	1.72%	1.69%	1.76%	1.71%
UNO Minda Ltd.	1.84%	1.98%	1.99%	1.60%	1.65%	3.08%	2.84%	2.86%	2.90%	3.12%	3.30%	3.24%	3.02%
Motherson Sumi Systems Ltd.	2.55%	2.62%	2.35%	2.42%	2.50%	2.55%	2.30%	2.31%	2.27%	2.52%	2.66%	2.72%	3.03%
Cholamandalam Investment & Finance Co. Ltd.	2.68%	2.61%	2.34%	2.35%	2.30%	2.33%	2.26%	2.35%	2.93%	2.52%	2.21%	2.27%	2.33%
Cipla Ltd.	2.33%	2.39%	2.58%	2.48%	2.34%	2.34%	2.57%	2.45%	2.58%	2.54%	2.50%	2.07%	1.00%
Radico Khaitan Ltd.	2.51%	2.38%	2.39%	2.26%	2.10%	2.10%	2.11%	2.13%	1.97%	1.93%	2.21%	2.05%	1.98%
Max Financial Services Ltd.	2.00%	2.09%	2.16%	2.00%	2.13%	2.00%	2.27%	2.04%	-	-	-	-	-
Avenue Supermarts Ltd.	1.81%	2.00%	2.16%	2.21%	2.20%	2.08%	2.26%	2.25%	2.03%	2.04%	1.89%	1.94%	2.05%
Alkem Laboratories Ltd.	1.99%	2.01%	2.00%	1.87%	1.79%	1.90%	1.98%	1.93%	1.99%	2.02%	2.15%	2.12%	2.16%