DSP Nifty Next 50 Index Fund - 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.

Portfolio Turnover Ratio : 54.00%. Category average turnover ratio is 40.14%. Fund manager updated portfolio more frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for shorter duration than peers)

Equity Holding : 99.98% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 99.98%

No of Stocks : 51 (Category Avg - 54.21) | Large Cap Investments : 47.99%| Mid Cap Investments : 23.09% | Small Cap Investments : 5.06% | Other : 23.84%

Portfolio Summary (as on 30th Sep,2025)

Particulars	This Scheme	Category
No. of Stocks	51	76.76
Top 5 Stock Weight	17.32%	37.13%
Top 10 Stock Weight	31.78%	54.07%
Top 3 Sector Weight	18.08%	34.16%

Category - Index Funds/ETFs

Particulars	This Scheme	Category
Average mcap (Cr)	33695.72	112660.19
Holdings in large cap stocks	47.99%	51.18%
Holdings in mid cap stocks	23.09%	15.66%
Holdings in small cap stocks	5.06%	8.34%

Category - Index Funds/ETFs

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

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Hindustan Aeronautics Ltd.	Aerospace & defense	450.8	3.97%	0.36%	4.51% (Nov 2024)	2.85% (Feb 2025)	94.98 k	8.05 k
TVS Motor Company Ltd.	2/3 wheelers	403.8	3.56%	0.18%	3.56% (Sep 2025)	2.27% (Dec 2024)	1.17 L	9.94 k
Vedanta Ltd.	Diversified metals	395.3	3.48%	0.35%	4.24% (Oct 2024)	3.08% (Dec 2024)	8.49 L	72.30 k
Divis Laboratories Ltd.	Pharmaceuticals	361.6	3.19%	-0.23%	4.15% (Nov 2024)	3.13% (Jan 2025)	63.55 k	5.42 k
Britannia Industries Ltd.	Packaged foods	353.5	3.12%	0.10%	3.12% (Sep 2025)	0% (Oct 2024)	59.00 k	5.01 k
Cholamandalam Investment & Finance Co. Ltd.	Non banking financial company (nbfc)	339.6	2.99%	0.36%	2.99% (Sep 2025)	2.03% (Dec 2024)	2.11 L	18.08 k
Avenue Supermarts Ltd.	Diversified retail	329.6	2.90%	-0.17%	3.07% (Aug 2025)	0.68% (Nov 2024)	73.64 k	6.29 k
Bharat Petroleum Corporation Ltd.	Refineries & marketing	329.4	2.90%	0.28%	2.9% (Sep 2025)	0% (Oct 2024)	9.70 L	82.54 k
Tata Power Co. Ltd.	Integrated power utilities	326.5	2.88%	0.12%	4% (Oct 2024)	2.71% (Dec 2024)	8.40 L	71.51 k
Indian Hotels Company Limited	Hotels & resorts	316.5	2.79%	-0.14%	3.13% (Mar 2025)	0% (Oct 2024)	4.39 L	37.45 k

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

View complete holding

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

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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
Hindustan Aeronautics Ltd.	Aerospace & defense	3.97	450.8	3.97%	0.36%	4.51% (Nov 2024)	2.85% (Feb 2025)	94.98 k	8.05 k	Other	23.84
TVS Motor Company Ltd.	2/3 wheelers	3.6	403.8	3.56%	0.18%	3.56% (Sep 2025)	2.27% (Dec 2024)	1.17 L	9.94 k	Mid Cap	23.09
Vedanta Ltd.	Diversified metals	3.48	395.3	3.48%	0.35%	4.24% (Oct 2024)	3.08% (Dec 2024)	8.49 L	72.30 k	Large Cap	47.99
Divis Laboratories Ltd.	Pharmaceuticals	5.93	361.6	3.19%	-0.23%	4.15% (Nov 2024)	3.13% (Jan 2025)	63.55 k	5.42 k	Large Cap	47.99
Britannia Industries Ltd.	Packaged foods	3.12	353.5	3.12%	0.10%	3.12% (Sep 2025)	0% (Oct 2024)	59.00 k	5.01 k	Large Cap	47.99
Cholamandalam Investment & Finance Co. Ltd.	Non banking financial company (nbfc)	2.99	339.6	2.99%	0.36%	2.99% (Sep 2025)	2.03% (Dec 2024)	2.11 L	18.08 k	Other	23.84
Avenue Supermarts Ltd.	Diversified retail	2.9	329.6	2.90%	-0.17%	3.07% (Aug 2025)	0.68% (Nov 2024)	73.64 k	6.29 k	Large Cap	47.99
Bharat Petroleum Corporation Ltd.	Refineries & marketing	5.37	329.4	2.90%	0.28%	2.9% (Sep 2025)	0% (Oct 2024)	9.70 L	82.54 k	Large Cap	47.99
Tata Power Co. Ltd.	Integrated power utilities	2.88	326.5	2.88%	0.12%	4% (Oct 2024)	2.71% (Dec 2024)	8.40 L	71.51 k	Mid Cap	23.09
Indian Hotels Company Limited	Hotels & resorts	2.79	316.5	2.79%	-0.14%	3.13% (Mar 2025)	0% (Oct 2024)	4.39 L	37.45 k	Mid Cap	23.09
Varun Beverages Ltd.	Other beverages	2.65	300.8	2.65%	-0.22%	3.5% (Dec 2024)	0.91% (Oct 2024)	6.78 L	64.26 k	Other	23.84
Power Finance Corporation Ltd.	Financial institution	5.65	298.9	2.63%	0.20%	3.82% (Nov 2024)	2.43% (Aug 2025)	7.28 L	62.01 k	Mid Cap	23.09
Adani Power Ltd.	Power generation	6.49	284.8	2.51%	0.43%	2.51% (Sep 2025)	0.6% (Nov 2024)	19.69 L	19.69 L	Other	23.84
Indian Oil Corporation Ltd.	Refineries & marketing	5.37	280	2.47%	0.23%	2.88% (Oct 2024)	2.06% (Feb 2025)	18.69 L	1.59 L	Large Cap	47.99
Bajaj Holdings & Investment Ltd.	Holding company	2.34	265.3	2.34%	-0.09%	2.6% (Jun 2025)	0.56% (Oct 2024)	21.66 k	1.85 k	Large Cap	47.99
Info Edge (India) Ltd.	Internet & catalogue retail	2.24	254.6	2.24%	-0.08%	3.41% (Nov 2024)	2.24% (Sep 2025)	1.94 L	16.79 k	Other	23.84
CG Power and Industrial Solutions Ltd.	Heavy electrical equipment	4.66	254.5	2.24%	0.29%	2.24% (Sep 2025)	0% (Oct 2024)	3.43 L	50.20 k	Small Cap	5.06
LTIMindtree Ltd.	Computers - software & consulting	2.11	239.2	2.11%	0.02%	3.02% (Nov 2024)	1.87% (Mar 2025)	46.39 k	4.00 k	Mid Cap	23.09
Bank Of Baroda	Public sector bank	5.66	238.8	2.10%	0.21%	2.52% (Oct 2024)	1.76% (Jan 2025)	9.24 L	76.07 k	Large Cap	47.99
GAIL (India) Ltd.	Gas transmission/marketing	2.1	237.9	2.10%	0.05%	2.91% (Oct 2024)	2.05% (Feb 2025)	13.50 L	1.15 L	Large Cap	47.99
Godrej Consumer Products Ltd	Personal care	2.07	234.8	2.07%	-0.13%	2.68% (Apr 2025)	1.67% (Dec 2024)	2.01 L	17.09 k	Large Cap	47.99
Motherson Sumi Systems Ltd.	Auto components & equipments	3.53	234.7	2.07%	0.27%	2.72% (Oct 2024)	1.7% (Feb 2025)	22.21 L	1.97 L	Large Cap	47.99
Rural Electrification Corporation Limited	Financial institution	5.65	233	2.05%	0.13%	3.52% (Nov 2024)	1.92% (Aug 2025)	6.25 L	53.18 k	Mid Cap	23.09
DLF Ltd.	Residential, commercial projects	3.43	228.8	2.02%	-0.06%	2.83% (Oct 2024)	1.92% (Apr 2025)	3.21 L	27.27 k	Large Cap	47.99
ICICI Lombard General Insurance Co Ltd.	General insurance	2.01	228.2	2.01%	0.07%	2.46% (Oct 2024)	1.75% (Dec 2024)	1.21 L	10.71 k	Large Cap	47.99
Pidilite Industries Ltd.	Specialty chemicals	2.01	228	2.01%	-0.06%	2.59% (Oct 2024)	1.83% (Dec 2024)	1.55 L	84.61 k	Large Cap	47.99
Canara Bank	Public sector bank	5.66	208.7	1.84%	0.30%	1.86% (Oct 2024)	1.32% (Feb 2025)	16.87 L	1.44 L	Other	23.84
Jindal Steel Ltd.	Iron & steel products	1.75	198.9	1.75%	0.22%	1.88% (Oct 2024)	1.33% (Jan 2025)	1.87 L	18.13 k	Mid Cap	23.09
Shree Cement Ltd.	Cement & cement products	3.3	195.8	1.73%	0.01%	1.86% (Nov 2024)	1.41% (Dec 2024)	6.69 k	570.00	Large Cap	47.99
United Spirits Ltd.	Breweries & distilleries	1.72	195.7	1.72%	0.02%	2.39% (Nov 2024)	1.7% (Aug 2025)	1.48 L	12.58 k	Large Cap	47.99
Punjab National Bank	Public sector bank	5.66	194.6	1.72%	0.19%	1.72% (Sep 2025)	1.45% (Dec 2024)	17.25 L	1.47 L	Large Cap	47.99
Havells India Ltd.	Consumer electronics	1.67	189.5	1.67%	-0.02%	2.3% (Nov 2024)	1.63% (Jul 2025)	1.26 L	10.60 k	Large Cap	47.99
Torrent Pharmaceuticals Ltd.	Pharmaceuticals	5.93	188.5	1.66%	0.02%	1.68% (Jul 2025)	1.29% (Dec 2024)	52.33 k	4.45 k	Mid Cap	23.09
Hyundai Motor India Ltd.	Passenger cars & utility vehicles	1.62	184.4	1.62%	0.08%	1.62% (Sep 2025)	0% (Oct 2024)	71.34 k	6.07 k	Other	23.84
Ambuja Cements Ltd.	Cement & cement products	3.3	178.5	1.57%	-0.05%	1.88% (Oct 2024)	1.47% (Dec 2024)	3.13 L	13.63 k	Large Cap	47.99
Bosch Ltd.	Auto components & equipments	3.53	165.5	1.46%	-0.06%	1.64% (Oct 2024)	1.1% (Jan 2025)	4.34 k	370.00	Large Cap	47.99
# Solar Industries India Ltd.	Explosives	1.43	162.4	1.43%	1.43%	1.43% (Sep 2025)	0% (Oct 2024)	12.19 k	12.19 k	Small Cap	5.06
Lodha Developers Ltd.	Residential, commercial projects	3.43	159.7	1.41%	-0.06%	1.7% (May 2025)	0.42% (Oct 2024)	1.41 L	12.39 k	Other	23.84
Adani Green Energy Ltd.	Power generation	6.49	157.3	1.39%	0.16%	1.39% (Sep 2025)	0.59% (Nov 2024)	1.53 L	12.85 k	Small Cap	5.06
# Siemens Energy India Ltd.	Power generation	6.49	151.9	1.34%	1.34%	1.34% (Sep 2025)	0% (Oct 2024)	44.25 k	44.25 k	Other	23.84
Adani Energy Solutions Ltd.	Power - transmission	1.33	151.4	1.33%	0.11%	1.44% (Apr 2025)	0.38% (Nov 2024)	1.74 L	7.88 k	Mid Cap	23.09
J S W Energy Ltd.	Power generation	6.49	142.2	1.25%	0.10%	1.4% (Dec 2024)	0.43% (Nov 2024)	2.68 L	22.81 k	Mid Cap	23.09
Siemens Ltd.	Heavy electrical equipment	4.66	138.4	1.22%	0.03%	3.54% (Nov 2024)	1.14% (Apr 2025)	44.22 k	3.74 k	Large Cap	47.99
ABB India Ltd.	Heavy electrical equipment	4.66	136	1.20%	0.05%	2.09% (Oct 2024)	1.15% (Aug 2025)	26.24 k	2.24 k	Large Cap	47.99
- Zydus Lifesciences Ltd.	Pharmaceuticals	5.93	122.7	1.08%	0.00%	1.35% (Oct 2024)	0.98% (Apr 2025)	1.25 L	10.66 k	Mid Cap	23.09
Indian Railway Finance Corporation Ltd.	Financial institution	5.65	110.4	0.97%	0.04%	1.19% (Jan 2025)	0.33% (Nov 2024)	8.94 L	76.09 k	Other	23.84
# Mazagon Dock Shipbuilders Ltd.	Ship building & allied services	0.93	105	0.93%	0.93%	0.93% (Sep 2025)	0% (Oct 2024)	38.01 k	38.01 k	Other	23.84
# Hindustan Zinc Ltd.	Zinc	0.92	104.6	0.92%	0.92%	0.92% (Sep 2025)	0% (Oct 2024)	2.17 L	2.17 L	Large Cap	47.99
Life Insurance Corporation Of India	Life insurance	0.88	100	0.88%	0.05%	0.91% (May 2025)	0.26% (Oct 2024)	1.11 L	9.45 k	Other	23.84
- Bajaj Housing Finance Ltd.	Housing finance company	0.45	51.3	0.45%	0.00%	0.52% (Mar 2025)	0% (Oct 2024)	4.66 L	39.92 k	Other	23.84
# TVS Motor Company Ltd. - Preference Shares	2/3 wheelers	3.6	4.3	0.04%	0.00%	0% (Nov 2025)	0% (Nov 2025)	4.29 L	0.00	Other	23.84
Swiggy Ltd.	E-retail/ e-commerce		72.9	0.00%	-0.70%	-	-	-	-	Other	23.84
Dabur India Ltd.	Personal care	2.07	140.6	0.00%	-1.35%	-	-	-	-	Large Cap	47.99
ICICI Prudential Life Insurance Co Ltd.	Life insurance	0.88	107.5	0.00%	-1.03%	-	-	-	-	Large Cap	47.99
InterGlobe Aviation Ltd.	Airline		507.2	0.00%	-4.87%	-	-	-	-	Large Cap	47.99

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

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

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# Siemens Energy India Ltd.	Power generation	151.9	1.34%	1.34%	1.34% (Sep 2025)	0% (Oct 2024)	44.25 k	44249
# Solar Industries India Ltd.	Explosives	162.4	1.43%	1.43%	1.43% (Sep 2025)	0% (Oct 2024)	12.19 k	12188
# Hindustan Zinc Ltd.	Zinc	104.6	0.92%	0.92%	0.92% (Sep 2025)	0% (Oct 2024)	2.17 L	216887
# Mazagon Dock Shipbuilders Ltd.	Ship building & allied services	105	0.93%	0.93%	0.93% (Sep 2025)	0% (Oct 2024)	38.01 k	38010

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

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	1M Change in Qty
Swiggy Ltd.	E-retail/ e-commerce	72.9	0.00%	-0.70%	0.7% (Aug 2025)	0% (Oct 2024)	-178009
Dabur India Ltd.	Personal care	140.6	0.00%	-1.35%	1.71% (Oct 2024)	0% (Oct 2024)	-269898
ICICI Prudential Life Insurance Co Ltd.	Life insurance	107.5	0.00%	-1.03%	1.55% (Oct 2024)	0% (Oct 2024)	-179185
InterGlobe Aviation Ltd.	Airline	507.2	0.00%	-4.87%	4.99% (Jul 2025)	0% (Oct 2024)	-89829

Trend in stock holdings (Top 15 Holding)

Stock	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024	Oct 2024	Sep 2024
Zomato Ltd.	-	-	-	-	-	-	-	7.47%	6.75%	7.89%	2.16%	1.90%	1.94%
InterGlobe Aviation Ltd.	-	4.87%	4.99%	4.90%	4.47%	4.56%	4.54%	4.26%	3.75%	3.66%	4.01%	3.77%	4.04%
Hindustan Aeronautics Ltd.	3.97%	3.61%	3.71%	3.87%	4.04%	3.78%	3.59%	2.85%	3.30%	3.25%	4.51%	4.34%	4.10%
Divis Laboratories Ltd.	3.19%	3.42%	3.60%	3.62%	3.59%	3.42%	3.31%	3.38%	3.13%	3.17%	4.15%	4.03%	3.37%
Vedanta Ltd.	3.48%	3.13%	3.11%	3.27%	3.16%	3.15%	3.55%	3.25%	3.30%	3.08%	4.08%	4.24%	4.24%
Tata Power Co. Ltd.	2.88%	2.76%	2.87%	2.85%	2.82%	2.86%	2.85%	2.78%	2.72%	2.71%	3.71%	4.00%	3.98%
Indian Hotels Company Limited	2.79%	2.93%	2.80%	2.79%	2.89%	3.07%	3.13%	-	-	-	-	-	-
TVS Motor Company Ltd.	3.56%	3.38%	2.83%	2.87%	2.79%	2.78%	2.57%	2.53%	2.55%	2.27%	3.03%	3.15%	3.26%
Britannia Industries Ltd.	3.12%	3.02%	2.93%	2.89%	2.78%	2.84%	2.63%	-	-	-	-	-	-
Power Finance Corporation Ltd.	2.63%	2.43%	2.57%	2.60%	2.53%	2.63%	2.73%	2.57%	2.71%	2.67%	3.82%	3.56%	3.46%
Cholamandalam Investment & Finance Co. Ltd.	2.99%	2.63%	2.62%	2.87%	2.88%	2.78%	2.89%	2.84%	2.37%	2.03%	2.73%	2.86%	3.27%
Bharat Petroleum Corporation Ltd.	2.90%	2.62%	2.75%	2.69%	2.64%	2.66%	2.44%	-	-	-	-	-	-
Info Edge (India) Ltd.	2.24%	2.32%	2.33%	2.42%	2.37%	2.43%	2.52%	2.65%	2.67%	2.78%	3.41%	3.12%	3.08%
Rural Electrification Corporation Limited	2.05%	1.92%	2.12%	2.10%	2.15%	2.33%	2.42%	2.18%	2.48%	2.56%	3.52%	3.51%	3.38%
Varun Beverages Ltd.	2.65%	2.87%	3.01%	2.56%	2.73%	3.11%	3.27%	2.84%	3.18%	3.50%	0.93%	0.91%	0.84%