Investment Objective and Approach

DSP Flexi Cap Fund aims to generate long-term capital appreciation from a portfolio substantially constituted of equity securities and equity related securities of issuers domiciled in India. The fund invests flexibly across carefully selected companies of different sizes - large, mid or small, aiming to own quality businesses with strong business models, growth potential and led by reliable managements.

The fund follows a disciplined investment approach:

- Diversified portfolio of 40-70 companies across large, medium and small market capitalization

- Primarily (75-80% core) a buy-and-hold strategy with growth & quality oriented approach

- Uses a "bottom-up" investment approach considering business fundamentals, growth visibility, and management quality

Key characteristics:

- Open ended dynamic equity scheme investing across large cap, mid cap, small cap stocks

- Unlike funds with market cap mandates, flexi-cap funds can invest dynamically across all three market cap segments based on fund manager's outlook and prevailing market conditions

- Minimum SIP investment: ₹100, Minimum lumpsum investment: ₹100

Fund Managers

Atul Bhole - Current Fund Manager of DSP Flexi Cap Fund

- Holds a B.Com degree from Mulund College of Commerce and an MMS degree in Finance from Jamnalal Bajaj Institute of Management. He is also a Chartered Accountant

- Began his career as an Equity Research Analyst in the Treasury Department of State Bank of India, then joined Tata Asset Management Ltd. in 2007 as Equity Research Analyst, promoted to Fund Manager of Equities in 2011

- Joined DSP Mutual Fund as Vice President of Investments in 2016

Bhavin Gandhi - Co-Fund Manager

- Joined DSP in February 2021 as Assistant Vice President, managing Mutual Fund Schemes since February 2024, previously managed AIF - HCF-2 from April 2022 to December 2023

- Previously worked as Research Analyst at Batlivala and Karani Securities and Crisil, recognized among top research analysts in oil and gas and logistics sectors in Asia Money polls

- Chartered Accountant, CFA charter holder and holds a Bachelor's degree in commerce from University of Mumbai

About the Fund House (AMC)

DSP Mutual Fund was established on May 13, 1996 as a Trust sponsored by DSP HMK Holdings Pvt. Ltd & DSP Adiko Holdings Pvt. Ltd. DSP Asset Managers Private Limited got approval from SEBI in December 1996 to commence mutual fund operations.

Rich Heritage and Evolution:

- The DSP family's investment legacy dates back to the 1860s with their initial venture into stockbroking, later forming DSP Merrill Lynch Asset Management Company in joint venture with Merrill Lynch

- Following BlackRock's global takeover of Merrill Lynch's asset management business, the company was renamed DSP BlackRock Investment Managers Ltd. in 2008

- In 2018, the DSP Group reacquired BlackRock's 40% stake, rebranding the company as DSP Mutual Fund

Current Status:

- Mr. Kalpen Parekh is the Managing Director & CEO of DSP Mutual Fund

- As of September 30, 2024, DSP Mutual Fund has Assets under Management (AuM) of Rs. 1,87,264.64 crores

- DSP Mutual Fund is one of India's leading AMCs, grown to become one of the premier Asset Management Companies in India

- Offers a vast range of mutual fund schemes across equity, debt, and hybrid categories along with international fund of funds, exchange-traded funds, and close-ended funds

Philosophy:

The commitment of the fund house is to cater to their clients in every possible way by putting their interests first and to secure their wealth. DSP Mutual Fund prioritizes transparency, integrity, and long-term value creation, serving both retail and institutional investors through disciplined and ethical investment practices.

Should I Invest in DSP Flexi Cap Fund?

DSP Flexi Cap Fund may be suitable for investors who:

Investment Profile:

- Seek capital appreciation over long investment tenures with minimum 5-year investment horizon and have high to very high risk appetite

- Want gains that comfortably beat inflation rate and returns from fixed income options, but are prepared for ups and downs in investment value

- Prefer flexi-cap funds where fund management team has complete freedom to invest in companies of different sizes, leaving stock selection completely to the fund manager

Key Considerations:

- DSP's oldest equity fund with a 24 year+ track record

- The fund currently has an Asset Under Management (AUM) of ₹2,05,551 Cr as of August 14, 2025

- Over the past five years, DSP Flexi Cap Fund - Direct Plan has delivered an annualised return of 21.20% as of August 17, 2025

- Like all equity funds, you must invest only through the SIP route

Risk Factors:

- The fund is rated Very High risk

- Warning: Do not invest if you need to redeem your investment in less than five years

- Flexicap equity mutual funds generally have a higher level of risk compared to large-cap funds since they invest in midcap and small cap stocks

Tax Implications:

- If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%

- Exit load of 1% if redeemed less than 12 months

FAQs

What is today's NAV of DSP Flexi Cap Fund?

The latest NAV as of August 14, 2025 is ₹111.00 for the Direct Plan Growth option. NAV is updated daily and varies between regular and direct plans.

What is the AUM of DSP Flexi Cap Fund?

The fund currently has an Asset Under Management (AUM) of ₹2,05,551 Cr as of August 14, 2025.

What is the expense ratio of DSP Flexi Cap Fund?

The expense ratio varies between regular and direct plans, with direct plans typically having lower expense ratios. Check the latest fund factsheet for current expense ratio details.

What are the returns of DSP Flexi Cap Fund since inception?

This scheme was launched on December 16, 1996, making it one of the oldest flexi-cap funds. Over the past five years, the Direct Plan has delivered an annualised return of 21.20% as of August 17, 2025.

What is the minimum SIP amount to invest in DSP Flexi Cap Fund?

The minimum SIP investment is ₹100. This low minimum makes it accessible for retail investors to start their investment journey.

How do I invest in DSP Flexi Cap Fund?

You can invest in DSP Flexi Cap Fund through Allvest's platform by completing your KYC, selecting the fund, choosing between SIP or lumpsum, and making the payment. Alternatively, invest directly through DSP's website or authorized distributors.

How to start a SIP in DSP Flexi Cap Fund?

Through Allvest, select DSP Flexi Cap Fund, choose SIP option, set your monthly amount (minimum ₹100), select investment date, and authorize the auto-debit mandate for seamless monthly investments.

How do I automate an SIP in DSP Flexi Cap Fund?

Set up auto-debit through NACH/eNACH mandate via Allvest platform. This automatically debits your chosen amount monthly from your registered bank account, ensuring consistent investments without manual intervention.

How can I withdraw/redeem my investment in DSP Flexi Cap Fund?

Submit a redemption request through Allvest platform or DSP's website. Note that 1% exit load applies if redeemed within 12 months. Proceeds are typically credited within 2-4 working days for equity funds.