DSP Multicap Fund

DSP Mutual FundEquityPortfolio as of 31 July 2026

DSP Multicap Fund holds 61 instruments (98.48% equity), led by HDFC Bank Limited (6.58%), ICICI Bank Limited (5.69%) and Axis Bank Limited (3.69%), as of its 31 July 2026 SEBI-mandated monthly disclosure.

Holdings

Equity Allocation

98.48%

AMC

DSP Mutual Fund

Portfolio Analysis

DSP Multicap Fund's top 10 holdings account for 36.27% of its portfolio, in line with the Equity category average of 37.5%. Financial Services is its largest sector exposure at 29.85% of net assets, spread across 9 sectors in total. Since its 30 June 2026 disclosure, the fund added 1 new position and exited 1 position, with ICICI Bank Limited seeing the largest move (+1.67pp to 5.69%).

Top 10 Equity Holdings

HDFC Bank Limited · 6.58%ICICI Bank Limited · 5.69%Axis Bank Limited · 3.69%Alkem Laboratories Limited · 3.32%Mahindra & Mahindra Limited · 3.1%Cipla Limited · 2.9%Info Edge (India) Limited · 2.9%Coforge Limited · 2.76%Max Financial Services Limited · 2.71%Kirloskar Oil Engines Limited · 2.62%

What Changed: June 2026 → July 2026

Equity holdings compared between the fund's two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.

1 new entry1 exit10 increased10 reduced

New Entries

HDFC Asset Management Company Limited · 2.07%

Complete Exits

R R Kabel Limited · was 0.99%

Biggest Weight Increases

Stock	Weight	Change
ICICI Bank Limited	4.02% → 5.69%	▲ +1.67
Mahindra & Mahindra Limited	1.51% → 3.1%	▲ +1.59
Alkem Laboratories Limited	1.79% → 3.32%	▲ +1.53
HDFC Bank Limited	5.11% → 6.58%	▲ +1.47
Bharat Petroleum Corporation Limited	1.11% → 1.69%	▲ +0.58
Info Edge (India) Limited	2.33% → 2.9%	▲ +0.57
Hindustan Aeronautics Limited	0.7% → 1.27%	▲ +0.57
Cipla Limited	2.39% → 2.9%	▲ +0.51
Coforge Limited	2.37% → 2.76%	▲ +0.39
Max Financial Services Limited	2.36% → 2.71%	▲ +0.35

Biggest Weight Reductions

Stock	Weight	Change
Crompton Greaves Consumer Electricals Limited	0.72% → 0.28%	▼ -0.44
Axis Bank Limited	4.08% → 3.69%	▼ -0.39
Kirloskar Oil Engines Limited	2.86% → 2.62%	▼ -0.24
KEI Industries Limited	2.37% → 2.16%	▼ -0.21
ICICI Lombard General Insurance Company Limited	2.61% → 2.41%	▼ -0.2
Syngene International Limited	1.45% → 1.26%	▼ -0.19
Tenneco Clean Air India Limited	1.59% → 1.43%	▼ -0.16
Polycab India Limited	1.74% → 1.58%	▼ -0.16
JNK India Limited	1.11% → 0.96%	▼ -0.15
Tube Investments of India Limited	1.78% → 1.63%	▼ -0.15

Top Holdings — Weight Trend

% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Feb – Jul 2026).

HDFC Bank Limited

6.58%

ICICI Bank Limited

5.69%

Axis Bank Limited

3.69%

Alkem Laboratories Limited

3.32%

Mahindra & Mahindra Limited

3.1%

Full Portfolio (61 holdings)

#	Holding	Sector	% to NAV
1	HDFC Bank Limited	Financial Services	6.58%
2	ICICI Bank Limited	Financial Services	5.69%
3	Axis Bank Limited	Financial Services	3.69%
4	Alkem Laboratories Limited	Healthcare	3.32%
5	Mahindra & Mahindra Limited	Consumer Discretionary	3.1%
6	Cipla Limited	Healthcare	2.9%
7	Info Edge (India) Limited	Consumer Discretionary	2.9%
8	Coforge Limited	Information Technology	2.76%
9	Max Financial Services Limited	Financial Services	2.71%
10	Kirloskar Oil Engines Limited	Industrials	2.62%
11	Hero MotoCorp Limited	Consumer Discretionary	2.62%
12	ICICI Lombard General Insurance Company Limited	Financial Services	2.41%
13	Gland Pharma Limited	Healthcare	2.33%
14	KEI Industries Limited	Industrials	2.16%
15	HDFC Asset Management Company Limited	Financial Services	2.07%
16	Physicswallah Limited	Consumer Discretionary	2.06%
17	TREPS / Reverse Repo Investmentstreps	—	2%
18	APL Apollo Tubes Limited	Industrials	1.97%
19	ICICI Prudential Life Insurance Company Limited	Financial Services	1.94%
20	Coal India Limited	Energy	1.9%
21	UTI Asset Management Company Limited	Financial Services	1.75%
22	Bharat Petroleum Corporation Limited	Energy	1.69%
23	Schaeffler India Limited	Consumer Discretionary	1.67%
24	Tube Investments of India Limited	Consumer Discretionary	1.63%
25	Polycab India Limited	Industrials	1.58%
26	IPCA Laboratories Limited	Healthcare	1.48%
27	Archean Chemical Industries Limited	Materials	1.48%
28	Tenneco Clean Air India Limited	Consumer Discretionary	1.43%
29	Sai Life Sciences Limited	Healthcare	1.32%
30	Indigo Paints Limited	Consumer Discretionary	1.31%
31	Apollo Hospitals Enterprise Limited	Healthcare	1.3%
32	Hindustan Aeronautics Limited	Industrials	1.27%
33	Bayer Cropscience Limited	Materials	1.26%
34	Syngene International Limited	Healthcare	1.26%
35	PG Electroplast Limited	Consumer Discretionary	1.24%
36	Century Plyboards (India) Limited	Consumer Discretionary	1.22%
37	Emami Limited	Consumer Staples	1.19%
38	Siemens Limited	Industrials	1.17%
39	Cyient Limited	Information Technology	1.1%
40	Jubilant Ingrevia Limited	Materials	1.09%
41	ITC Limited	Consumer Staples	1.09%
42	Nippon Life India Asset Management Limited	Financial Services	1.04%
43	Sudarshan Chemical Industries Limited	Materials	1.02%
44	Prince Pipes And Fittings Limited	Industrials	1%
45	Cohance Lifesciences Limited	Healthcare	0.99%
46	Canara HSBC Life Insurance Company Limited	Financial Services	0.97%
47	JNK India Limited	Industrials	0.96%
48	Hexaware Technologies Limited	Information Technology	0.95%
49	NTPC Limited	Utilities	0.94%
50	Vardhman Textiles Limited	Consumer Discretionary	0.85%
51	Gopal Snacks Limited	Consumer Staples	0.83%
52	Dodla Dairy Limited	Consumer Staples	0.82%
53	IFGL Refractories Limited	Industrials	0.7%
54	Seshaasai Technologies Limited	Financial Services	0.59%
55	IFB Industries Limited	Consumer Discretionary	0.58%
56	Indoco Remedies Limited	Healthcare	0.57%
57	Nuvama Wealth Management Limited	Financial Services	0.41%
58	R Systems International Limited	Information Technology	0.38%
59	Alembic Pharmaceuticals Limited	Healthcare	0.34%
60	Crompton Greaves Consumer Electricals Limited	Consumer Discretionary	0.28%
61	Net Receivables/Payablesother	—	0%

Frequently Asked Questions

Yes. As of its 31 July 2026 disclosure, HDFC Bank Limited is 6.58% of DSP Multicap Fund's net assets — its number 1 holding.

Yes. As of its 31 July 2026 disclosure, ICICI Bank Limited is 5.69% of DSP Multicap Fund's net assets — its number 2 holding.

Yes. As of its 31 July 2026 disclosure, Axis Bank Limited is 3.69% of DSP Multicap Fund's net assets — its number 3 holding.

Yes. As of its 31 July 2026 disclosure, Alkem Laboratories Limited is 3.32% of DSP Multicap Fund's net assets — its number 4 holding.

Yes. As of its 31 July 2026 disclosure, Mahindra & Mahindra Limited is 3.1% of DSP Multicap Fund's net assets — its number 5 holding.

New to reading these? See How to Read a Mutual Fund's Monthly Portfolio Disclosure, or check terms like % to NAV in the glossary.

Source: DSP Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 31 July 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.