DSP Business Cycle Fund - Direct (IDCW)

Sectoral / Thematic

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NAV
10.34(-0.82%)
Fund Size (CR)
₹1,027.84
Expense Ratio
0.74
Scheme Type
Active Fund
Value Research
-

Min. investment
₹100
Minimum Additional Investment
₹100
Minimum SIP Investment
₹100
Minimum Withdrawal
₹1
Exit Load
0.5%
Return Since Launch
3.09%

Absolute Return: 0.94%

Annualized Return: 0%

Basic Details

Scheme Manager

Anish Tawakley

Bench Mark

Nifty 500 TRI

Type

OPEN

Lumpsum Returns

Period Invested For	₹10,000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	April 22, 2026	9861.87	-1.38%	-	-0.31%	771/1007
1 Month	March 27, 2026	10781.96	7.82%	-	9.47%	692/1007
3 Month	January 29, 2026	10105.67	1.06%	-	2.11%	511/968
6 Month	October 29, 2025	9964.63	-0.35%	-	-1.99%	349/936
1 Year	April 29, 2025	10849.29	8.49%	8.49%	8.92%	339/864
3 Year	-	-	-	-	-	-/-
5 Year	-	-	-	-	-	-/-
Since Inception	December 17, 2024	10424.00	4.24%	3.09%	10.64%	792/1007

Note: Lumpsum Returns since Inception Date.

SIP Returns

Period Invested For	₹10,000 Invested on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	May 2, 2025	1,20,000	122731.52	2.28%	2.28%
3 Year	-	-	-	-	-
5 Year	-	-	-	-	-
10 Year	-	-	-	-	-

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

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Monthly Investment (₹)

Minimum value allowed is 500

Expected Returns Rate (%)

Minimum value allowed is 1

Time Period (in Years)

Minimum value allowed is 1

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Invested Amount
₹25,000
Estimated Returns
₹19,059

76%

Returns

Future value of your investment

₹44,059

Risk Ratios

5.03%

Standard Deviation

0.99%

Beta

-0.58%

Sharpe Ratio

-0.00%

Treynor's Ratio

1.33%

Jension's Alpha

Asset Allocation

Sector Allocation

Top 10 stock holding in portfolio

Stock Invested in	% of Total Holdings	Quantity	Value (Cr)	Asset Type	Segment
SBI	7.08%	742910	72.76	Equity	Banks
Axis Bank	5.17%	457679	53.15	Equity	Banks
M & M	4.33%	150617	44.50	Equity	Automobile
Apollo Hospitals	4.27%	59176	43.90	Equity	Healthcare
Multi Comm. Exc.	4.05%	174102	41.60	Equity	Financial Services
Infosys	3.83%	315007	39.39	Equity	IT - Software
Bharti Airtel	3.44%	198421	35.37	Equity	Telecom-Service
NTPC	3.22%	891679	33.05	Equity	Power Generation & Distribution
Kotak Mah. Bank	3.20%	931440	32.92	Equity	Banks
Gland Pharma	2.84%	172325	29.23	Equity	Pharmaceuticals

Peer Comparison

Scheme Name	Asset Size (Cr)	1M	3M	6M	1Y	3Y
DSP Business Cycle Fund - Direct (IDCW)	1027.84	7.82%	1.06%	-0.35%	8.49%	-
Nippon India Taiwan Equity Fund - Direct (G)	599.16	25.38%	67.29%	92.10%	242.40%	65.23%
Nippon India Taiwan Equity Fund - Direct (IDCW)	599.16	25.38%	67.29%	92.10%	242.40%	65.23%
Franklin Asian Equity Fund - Direct (G)	399.54	11.67%	4.95%	15.88%	48.17%	18.81%
Franklin Asian Equity Fund - Direct (IDCW)	399.54	11.67%	4.95%	15.88%	48.15%	18.79%
Aditya Birla SL International Equity Fund - Direct (IDCW)	290.87	10.49%	2.56%	9.60%	37.00%	19.20%

List of Schemes under DSP Mutual Fund

Fund Name	Category	Risk	1Y Returns	Ratings	Fund Size (Cr)
DSP Healthcare Fund	Equity	Very High	5.04%	4	₹2,891.76
DSP Dynamic Asset Allocation Fund	Hybrid	Moderately High	5.77%	4	₹3,548.38
DSP Large & Mid Cap Fund	Equity	Very High	3.3%	3	₹15,780.10
DSP Nifty Midcap 150 Index Fund	Other	Very High	0%	0	₹10.38
DSP Nifty Private Bank Index Fund	Other	Very High	-3.66%	0	₹51.58
DSP Banking & Financial Services Fund	Equity	Very High	13.06%	0	₹1,543.06
DSP Midcap Fund	Equity	Very High	11.72%	1	₹17,491.90
DSP India T.I.G.E.R. Fund	Equity	Very High	21.12%	3	₹4,979.31
DSP Small Cap Fund	Equity	Very High	18.87%	2	₹15,300.48
DSP Aggressive Hybrid Fund	Hybrid	Very High	-0.96%	4	₹10,882.63
DSP Silver ETF Fund of Fund	Other	Very High	0%	0	₹680.54
DSP Corporate Bond Fund	Debt	Moderate	6.22%	4	₹3,275.09
DSP Nifty Midcap 150 Quality 50 Index Fund	Other	Very High	2.8%	1	₹401.75
DSP Nifty Top 10 Equal Weight Index Fund	Other	Very High	-7.57%	0	₹1,147.63
DSP Global Clean Energy Overseas Equity Omni FoF	Other	Very High	81.14%	0	₹104.25
DSP Credit Risk Fund	Debt	Moderately High	11.28%	0	₹227.03
DSP Short Term Fund	Debt	Moderately Low	5.03%	3	₹3,245.87
DSP Nifty Healthcare Index Fund	Other	Very High	0%	0	₹16.28
DSP Arbitrage Fund	Hybrid	Low	6.45%	3	₹6,375.67
DSP Global Innovation Overseas Equity Omni FoF	Other	Very High	43.57%	0	₹1,151.13
DSP Gilt Fund	Debt	Moderately High	-0.93%	3	₹1,290.96
DSP Overnight Fund	Debt	Low	5.41%	3	₹2,167.96
DSP Gold ETF Fund of Fund	Other	High	51.63%	2	₹486.00
DSP Nifty500 Flexicap Quality 30 Index Fund	Other	Very High	0%	0	₹144.90
DSP 10Y G-Sec	Debt	Moderate	0.84%	0	₹51.44
DSP Nifty Smallcap 250 Index Fund	Other	Very High	0%	0	₹7.68
DSP World Mining Overseas Equity Omni FoF	Other	Very High	99.27%	0	₹171.31
DSP Large Cap Fund	Equity	Very High	-1.31%	5	₹6,619.60
DSP Nifty 50 Equal Weight Index Fund	Other	Very High	8.02%	5	₹2,254.98
DSP Nifty Bank Index Fund	Other	Very High	0.52%	0	₹51.22
DSP Low Duration Fund	Debt	Moderately Low	6.17%	3	₹5,133.17
DSP US Specific Equity Omni FoF	Other	Very High	68.02%	0	₹1,055.31
DSP Nifty SDL Plus G-Sec Jun 2028 30:70 Index Fund	Other	Moderate	5.73%	0	₹1,713.28
DSP Nifty SDL Plus G-Sec Sep 2027 50:50 Index Fund	Other	Moderate	6%	0	₹89.65
DSP Savings Fund	Debt	Moderate	6.46%	2	₹8,971.59
DSP Liquidity Fund	Debt	Moderate	6.36%	4	₹25,856.93
DSP Ultra Short Fund	Debt	Moderately Low	6.65%	3	₹3,915.12
DSP Nifty Smallcap250 Quality 50 Index Fund	Other	Very High	1.7%	0	₹273.49
DSP Income Plus Arbitrage Omni FoF	Other	Moderate	4.71%	0	₹1,486.81
DSP CRISIL-IBX 50:50 Gilt Plus SDL-April 2033 Index Fund	Other	Moderately High	2.53%	0	₹288.73
DSP Banking & Psu Debt Fund	Debt	Moderately Low	3.53%	1	₹3,457.89
DSP Equity Savings Fund	Hybrid	Moderately High	3.03%	4	₹3,573.37
DSP Natural Resources & New Energy Fund	Equity	Very High	34.27%	0	₹2,043.70
DSP Multi Asset Allocation Fund	Hybrid	Very High	23.16%	0	₹8,395.71
DSP US Specific Debt Passive FoF	Other	Very High	14.99%	0	₹68.06
DSP Regular Savings Fund	Hybrid	Moderately High	3.93%	4	₹179.64
DSP World Gold Mining Overseas Equity Omni FoF	Other	Very High	109.31%	0	₹1,769.37
DSP Nifty 50 Index Fund	Other	Very High	0.31%	3	₹909.02
DSP BSE SENSEX Next 30 Index Fund	Other	Very High	14.23%	0	₹18.18
DSP Multi Asset Omni Fund of Funds	Other	Very High	0%	0	₹621.49
DSP Focused Fund	Equity	Very High	1.39%	3	₹2,294.78
DSP Nifty 500 Index Fund	Other	Very High	0%	0	₹11.35
DSP ELSS Tax Saver Fund	Equity	Very High	1.94%	4	₹15,044.13
DSP Value Fund	Equity	Very High	15.39%	4	₹1,469.21
DSP Business Cycle Fund	Equity	Very High	8.49%	0	₹1,027.84
DSP Flexi Cap Fund	Equity	Very High	1.98%	3	₹10,725.61
DSP Floater Fund	Debt	Moderately Low	4.93%	2	₹351.75
DSP Quant Fund	Equity	Very High	3.84%	0	₹734.60
DSP Multicap Fund	Equity	Very High	6.59%	0	₹2,390.59
DSP Nifty IT Index Fund	Other	Very High	0%	0	₹64.18
DSP Nifty Next 50 Index Fund	Other	Very High	9.44%	1	₹1,065.91
DSP Strategic Bond Fund	Debt	Moderately Low	-0.72%	2	₹791.23
DSP Bond Fund	Debt	Moderate	4.51%	3	₹305.14

News

DSP Mutual Fund announces change in fund manager under its schemes

DSP Mutual Fund has announced change in fund manager under the following schemes, With effect from 01 May 2026.

Change in Fund Manager:

Scheme Name	Existing Fund Manager(s)	New Fund Manager(s)
DSP Business Cycle Fund	Mr. Vinit Sambre	Mr. Anish Tawakley Mr. Sandeep Yadav
DSP BSE Liquid Rate ETF DSP BSE Sensex ETF DSP BSE Sensex Next 30 ETF DSP BSE Sensex Next 30 Index Fund DSP Gold ETF Fund of Fund DSP NIFTY 1D Rate Liquid ETF DSP Nifty 50 Equal Weight ETF DSP Nifty 50 Equal Weight Index Fund DSP Nifty 50 ETF DSP Nifty 50 Index Fund DSP Nifty Bank ETF DSP Nifty Bank Index Fund DSP Nifty Healthcare ETF DSP Nifty IT ETF DSP Nifty Midcap 150 Quality 50 ETF DSP Nifty Midcap 150 Quality 50 Index Fund DSP Nifty Next 50 Index Fund DSP Nifty Private Bank ETF DSP Nifty Private Bank Index Fund DSP Nifty PSU Bank ETF DSP Nifty Smallcap250 Quality 50 Index Fund DSP Nifty Top 10 Equal Weight ETF DSP Nifty Top 10 Equal Weight Index Fund DSP Silver ETF Fund of Fund DSP Nifty IT Index Fund DSP Nifty Healthcare Index Fund DSP Nifty500 Flexicap Quality 30 Index Fund DSP Nifty500 Flexicap Quality 30 ETF DSP MSCI India ETF DSP Nifty Midcap 150 ETF DSP Nifty Smallcap 250 ETF DSP Nifty Next 50 ETF DSP BSE Top 10 Banks ETF DSP Nifty Smallcap 250 Index Fund DSP Nifty Midcap 150 Index Fund DSP Nifty 500 Index Fund Multi Asset Omni Fund of Funds	Mr. Anil Ghelani Mr. Diipesh Shah	Mr. Anil Ghelani Mr. Diipesh Shah Ms. Neha Rathi

Scheme Name

Existing Fund Manager(s)

New Fund Manager(s)

DSP Business Cycle Fund

Mr. Vinit Sambre

Mr. Anish Tawakley

Mr. Sandeep Yadav

DSP BSE Liquid Rate ETF

DSP BSE Sensex ETF

DSP BSE Sensex Next 30 ETF

DSP BSE Sensex Next 30 Index Fund

DSP Gold ETF Fund of Fund

DSP NIFTY 1D Rate Liquid ETF

DSP Nifty 50 Equal Weight ETF

DSP Nifty 50 Equal Weight Index Fund

DSP Nifty 50 ETF

DSP Nifty 50 Index Fund

DSP Nifty Bank ETF

DSP Nifty Bank Index Fund

DSP Nifty Healthcare ETF

DSP Nifty IT ETF

DSP Nifty Midcap 150 Quality 50 ETF

DSP Nifty Midcap 150 Quality 50 Index Fund

DSP Nifty Next 50 Index Fund

DSP Nifty Private Bank ETF

DSP Nifty Private Bank Index Fund

DSP Nifty PSU Bank ETF

DSP Nifty Smallcap250 Quality 50 Index Fund

DSP Nifty Top 10 Equal Weight ETF

DSP Nifty Top 10 Equal Weight Index Fund

DSP Silver ETF Fund of Fund

DSP Nifty IT Index Fund

DSP Nifty Healthcare Index Fund

DSP Nifty500 Flexicap Quality 30 Index Fund

DSP Nifty500 Flexicap Quality 30 ETF

DSP MSCI India ETF

DSP Nifty Midcap 150 ETF

DSP Nifty Smallcap 250 ETF

DSP Nifty Next 50 ETF

DSP BSE Top 10 Banks ETF

DSP Nifty Smallcap 250 Index Fund

DSP Nifty Midcap 150 Index Fund

DSP Nifty 500 Index Fund

Multi Asset Omni Fund of Funds

Mr. Anil Ghelani

Mr. Diipesh Shah

Mr. Anil Ghelani

Mr. Diipesh Shah

Ms. Neha Rathi

DSP MF announces Income Distribution cum Capital Withdrawal (IDCW) under one scheme
DSP Mutual Fund has announced 28 April 2026 as the record date for declaration of Income Distribution cum Capital Withdrawal (IDCW) under the following scheme. The amount of IDCW (Rs. per unit) on the face value of Rs 10 per unit will be:
DSP Aggressive Hybrid Fund ' Regular Plan ' IDCW Option: 0.220000
DSP Aggressive Hybrid Fund ' Direct Plan ' IDCW Option: 0.220000

DSP Mutual Fund has decided to rollover the maturity of following Fixed Maturity Plans

DSP Mutual Fund has decided to rollover the maturity of following Fixed Maturity Plans, with immediate effect

Rollover of DSP Fixed Maturity Plan (FMP)

Scheme Name	Existing Maturity Date*	Period of rollover	Extended Maturity Date*
DSP FMP Series 267 - 1246 Days	April 13, 2026	1172 days	June 28, 2029
DSP FMP Series 270 - 1144 Days	April 13, 2026	1172 days	June 28, 2029
DSP FMP Series 268 - 1281 Days	May 28, 2026	1127 days	June 28, 2029

Fund House Details & Investment Objective

Date of Incorporation

November 27, 2024

Total AUM (Cr)

₹1027.84

DSP Business Cycle Fund - Direct (IDCW) is an Sectoral / Thematic-oriented fund from the renowned AMC, DSP Mutual Fund. Launched in November 27, 2024, this fund is managed by Anish Tawakley. With assets under management (AUM) worth ₹1,027.84 (Cr), as of April 30, 2026, DSP Business Cycle Fund - Direct (IDCW) is categorized as a Sectoral / Thematic within its segment. The fund has generated a return of 3.09% since its launch.
The current NAV of DSP Business Cycle Fund - Direct (IDCW) is ₹10.34, as on April 30, 2026. The fund's benchmark index is Nifty 500 TRI. You can invest in DSP Business Cycle Fund - Direct (IDCW) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹100 while the minimum lumpsum investment is ₹100.

Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
The fund has generated undefined% and undefined% CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 95.48% in Equity, 4.94% in Debt and -0.42% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 18.06% in Banks, 9.53% in IT-Software, 6.93% in Automobiles, 6.78% in Capital Markets, 6.61% in Consumer Durables

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