DSP Midcap mutual fund review: Scheme that handles market volatility well


ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

BASIC FACTS

DATE OF LAUNCH

14 NOVEMBER 2006

CATEGORY

EQUITY

TYPE

MID-CAP

AUM*

Rs.13,181 Crore

BENCHMARK

NIFTY MIDCAP 150

TOTAL RETURN INDEX

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WHAT IT COSTS

NAV**

GROWTH OPTION

Rs.77.72

IDCW
Rs.20.67

MINIMUM INVESTMENT

Rs.500

MINIMUM SIP AMOUNT

Rs.500


EXPENSE RATIO*** (%)

1.90

EXIT LOAD

1% for redemption within 364 days

*AS ON 31 MAY 2022
**AS ON 14 JUNE 2022
***AS ON 30 APRIL 2022

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FUND MANAGER


VINIT SAMBRE

TENURE: 9 YEARS, 10 MONTHS

Recent portfolio changes
New Entrants:
Coforge,

Complete Exits: AIA Engineering,

Increasing allocation: Balkrishna Industries, , (India), , ,

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Should you buy?


It shifted from a mid- and smalloriented fund to the mid-cap mandate in 2018. It currently has a sizeable presence in small-caps apart from its midcap focus. The fund portfolio is leaner than under its previous avatar, yet is well-diversified and with modest positions in top bets. The fund seeks businesses with high ROEs, low leverage and positive cash flows, with sustainable competitive advantages. The fund has lagged its index and peers in the past year, which has hurt its return profile. Yet, its 3- and 5-year rolling returns indicate healthy outperformance with a better handle on volatility than most peers. The presence of a skilled fund manager at the helm provides comfort for the long term.

(Source: Value Research)



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