Investment Objective and Approach

The scheme aims to generate long term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities of midcap companies. The fund focuses on investing in mid-sized companies that have the potential to become large-cap companies over time.

SEBI defines companies ranked 101st to 250th companies by market capitalization as midcap companies. As per SEBI's mandate midcap funds should invest minimum 65% of their assets in midcap companies. The balance 35% in midcap funds can be invested in large cap, small cap or other asset classes.

The fund's investment philosophy centers around identifying companies with strong fundamentals and growth potential. Mid-sized companies like these can offer more growth potential than larger companies but at lower risk levels than smaller-sized companies. These businesses tend to be less capital intensive, more nimble and innovative than large caps.

Key investment approach elements:

- Focus on quality mid-cap companies with strong business models

- Emphasis on companies that can be market leaders in their sectors

- Buy-and-hold strategy with long-term perspective

- Diversification across sectors to manage risk

Fund Managers

Vinit Sambre - Head of Equity, DSP Mutual Fund

Vinit Sambre is a seasoned fund manager with over two decades of experience in the market. He joined DSP Mutual Fund in 2007 and is now the Head of Equity, overseeing the DSP Focus Fund, DSP Midcap Fund, and DSP Small Cap Fund, with a combined AUM of around Rs 38,700 crore.

Professional Background:

- Chartered Accountant from Institute of Chartered Accountant of India

- Previously worked with DSP Merrill Lynch as part of its Global Private Client business, spending 20 months as Equity Strategist

- Prior experience with IL&FS Investsmart Limited as an Equity Analyst in their PMS division

- Also worked with UTI Investment Advisory Services as Equity Analyst for the offshore fund - India Growth Fund

Vinit specializes in the small and mid cap space and has over 16 years of relevant work experience. His expertise spans across pharmaceuticals, power utilities, chemicals, fertilizers, and textiles sectors.

About the Fund House (AMC)

DSP Mutual Fund has a rich history in the Indian mutual fund industry. DSP Mutual Fund was established in 1996 as a joint venture between the DSP group of India and the US-based Merrill Lynch. The name of DSP Mutual Fund was changed to DSP BlackRock after Merill Lynch took over in 2008.

The DSP Group brought out BlackRock its partner in the joint venture in 2018 and changed its name to DSP Mutual Fund. This evolution reflects the AMC's commitment to maintaining its Indian identity while leveraging global investment expertise.

The fund house operates with a strong governance structure:

- DSP Mutual Fund counts DSP HMK Holdings Private Limited and DSP Adiko Holdings Private Limited and BlackRock Inc. as its sponsors

- Focuses on delivering consistent long-term performance across equity and debt categories

- Manages a comprehensive range of mutual fund schemes catering to different investor needs

Key Fund Statistics (as of latest available data):

- Total AUM: ₹19,330.78 crores as of Jul 31, 2025

- Age of Fund: 18 years 8 months since Nov 14, 2006

- Expense Ratio: 1.66% as of Aug 07, 2025

- Exit Load: 1% upto 12 Months

- Five-year annualised return: 21.28% as of 23-Jul-2025

Should I Invest in DSP Midcap Fund?

DSP Midcap Fund is suitable for investors with specific risk profiles and investment horizons. Long term investors who are willing to remain invested for at least 5 years. SIP investors who are disciplined to continue SIP for longer tenure. Investors who are prepared for higher volatility in the quest for higher returns.

Who Should Consider This Fund:

- Investors with high risk tolerance seeking capital appreciation

- Those with investment horizon of 7+ years

- Investors looking to diversify their large-cap heavy portfolios

- SIP investors who can maintain discipline during market volatility

Investment Considerations:

- Do not invest in this, or any other mid-cap fund, if you need to redeem your investment in less than seven years

- From a risk/return perspective, midcap funds are somewhere between large caps and small caps. They offer greater growth potential than large caps and are less volatile than small caps

- Investors can tactically allocate 10-15% or even higher of their overall portfolio to midcap funds depending on their risk appetite

Risk Factors:

- Higher volatility compared to large-cap funds

- Market timing risk in volatile conditions

- Sector concentration risk

- Liquidity risk during market downturns

FAQs

What is today's NAV of DSP Midcap Fund?

Latest NAV for DSP Midcap Fund is at ₹164.48 (as of August 19, 2025). NAV changes daily based on market movements.

What is the AUM of DSP Midcap Fund?

The AUM of DSP Midcap Fund is ₹19330.78 Cr as of 19th August 2025. This reflects the total value of assets under management.

What is the expense ratio of DSP Midcap Fund?

Expense Ratio: 1.66% as of Aug 07, 2025 for regular plan. Direct plans typically have lower expense ratios.

What are the returns of DSP Midcap Fund since inception?

DSP Midcap Direct Plan-Growth scheme return performance shows 692.99% since scheme launch. Historical returns don't guarantee future performance.

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

The minimum investment required is ₹100 for both lump sum and SIP options. This makes it accessible for small investors.

How do I invest in DSP Midcap Fund?

You can invest through Allvest platform by completing KYC requirements, selecting the fund, and choosing between SIP or lump sum investment options.

How to start a SIP in DSP Midcap Fund?

Log into your Allvest account, search for DSP Midcap Fund, select SIP option, choose investment amount and frequency, then set up auto-debit mandate.

How do I automate an SIP in DSP Midcap Fund?

Set up a bank mandate through Allvest platform for automatic monthly deductions. You can modify or stop SIP anytime through your dashboard.

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

Log into Allvest, select the fund from your portfolio, choose partial or full redemption, and specify the amount. Exit Load: 1% upto 12 Months applies for early redemptions.