DSP Business Cycle Fund Direct Growth

Fund Overview

Fund Size

₹1,166 Cr

Expense Ratio

0.59%

ISIN

INF740KA1UX7

Minimum SIP

₹100

Exit Load

No Charges

Inception Date

17 Dec 2024

About this fund

DSP Business Cycle Fund Direct Growth is a Equity - Other mutual fund schemes offered by DSP Mutual Fund. This fund has been in existence for 1 years, 5 months and 27 days, having been launched on 17-Dec-24.
As of 12-Jun-26, it has a Net Asset Value (NAV) of ₹10.37, Assets Under Management (AUM) of 1166.19 Crores, and an expense ratio of 0.59%.

DSP Business Cycle Fund Direct Growth has given a CAGR return of 2.49% since inception.
The fund's asset allocation comprises around 91.08% in equities, 0.00% in debts, and 8.89% in cash & cash equivalents.
You can start investing in DSP Business Cycle Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹100.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+4.13%

— (Cat Avg.)

Since Inception

+2.49%

— (Cat Avg.)

Portfolio Summaryas of 31st May 2026

Equity	₹1,062.22 Cr	91.08%
Others	₹103.64 Cr	8.89%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Treps / Reverse Repo Investments	Cash - Repurchase Agreement	₹178.86 Cr	15.34%
HDFC Bank Ltd	Equity	₹108.28 Cr	9.28%
Nifty 30 Jun 2026	Equity Index - Future	₹103.43 Cr	8.87%
Cash Offset For Derivatives	Cash - General Offset	₹-103.43 Cr	8.87%
ICICI Bank Ltd	Equity	₹98.87 Cr	8.48%
Axis Bank Ltd	Equity	₹83.84 Cr	7.19%
Larsen & Toubro Ltd	Equity	₹49.39 Cr	4.23%
Mahindra & Mahindra Ltd	Equity	₹45.87 Cr	3.93%
Reliance Industries Ltd	Equity	₹38.09 Cr	3.27%
Bharti Airtel Ltd	Equity	₹36.29 Cr	3.11%
NTPC Ltd	Equity	₹34.5 Cr	2.96%
Maruti Suzuki India Ltd	Equity	₹34.28 Cr	2.94%
Asian Paints Ltd	Equity	₹33.94 Cr	2.91%
DLF Ltd	Equity	₹33.74 Cr	2.89%
UltraTech Cement Ltd	Equity	₹33.54 Cr	2.88%
Hero MotoCorp Ltd	Equity	₹29.99 Cr	2.57%
Cash Margin	Cash	₹24 Cr	2.06%
Voltas Ltd	Equity	₹20.32 Cr	1.74%
Schaeffler India Ltd	Equity	₹19.4 Cr	1.66%
Hyundai Motor India Ltd	Equity	₹18.28 Cr	1.57%
HDFC Life Insurance Co Ltd	Equity	₹17.35 Cr	1.49%
Shree Cement Ltd	Equity	₹15.1 Cr	1.30%
Nippon Life India Asset Management Ltd Ordinary Shares	Equity	₹13.98 Cr	1.20%
Coromandel International Ltd	Equity	₹13.15 Cr	1.13%
United Breweries Ltd	Equity	₹12.96 Cr	1.11%
Multi Commodity Exchange of India Ltd	Equity	₹12.54 Cr	1.08%
Max Financial Services Ltd	Equity	₹12.13 Cr	1.04%
Bayer CropScience Ltd	Equity	₹12.09 Cr	1.04%
JSW Infrastructure Ltd	Equity	₹11.84 Cr	1.02%
Apollo Tyres Ltd	Equity	₹11.25 Cr	0.97%
Carborundum Universal Ltd	Equity	₹11.05 Cr	0.95%
State Bank of India	Equity	₹9.85 Cr	0.84%
Sudarshan Chemical Industries Ltd	Equity	₹9.46 Cr	0.81%
Info Edge (India) Ltd	Equity	₹9.45 Cr	0.81%
SBI Life Insurance Co Ltd	Equity	₹8.92 Cr	0.76%
InterGlobe Aviation Ltd	Equity	₹8.58 Cr	0.74%
Siemens Ltd	Equity	₹7.97 Cr	0.68%
TVS Motor Co Ltd	Equity	₹7.91 Cr	0.68%
Hindustan Aeronautics Ltd Ordinary Shares	Equity	₹7.89 Cr	0.68%
ICICI Prudential Life Insurance Co Ltd	Equity	₹7.77 Cr	0.67%
Trent Ltd	Equity	₹5.81 Cr	0.50%
Siemens Energy India Ltd	Equity	₹5.02 Cr	0.43%
Net Receivables/Payables	Cash	₹4.2 Cr	0.36%
Bharat Petroleum Corp Ltd	Equity	₹3.17 Cr	0.27%
Hindustan Petroleum Corp Ltd	Equity	₹3.03 Cr	0.26%
Kalpataru Projects International Ltd	Equity	₹1.87 Cr	0.16%
Tvs Motor Company Limited	Preferred Stock	₹0.33 Cr	0.03%

Allocation By Market Cap (Equity)

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹373.54 Cr	32.03%
Consumer Cyclical	₹193.13 Cr	16.56%
Basic Materials	₹117.29 Cr	10.06%
Industrials	₹98.58 Cr	8.45%
Communication Services	₹45.75 Cr	3.92%
Energy	₹44.29 Cr	3.80%
Utilities	₹39.52 Cr	3.39%
Real Estate	₹33.74 Cr	2.89%
Consumer Defensive	₹12.96 Cr	1.11%

Risk & Performance Ratios

Fund Managers

Anish Tawakley

Since May 2026

Sandeep Yadav

Since May 2026

Aparna Karnik

Since May 2026

Additional Scheme Detailsas of 31st May 2026

ISIN

INF740KA1UX7

Expense Ratio

0.59%

Exit Load

No Charges

Fund Size

₹1,166 Cr

Age

1 year 5 months

Lumpsum Minimum

₹100

Fund Status

Open Ended Investment Company

Benchmark

Nifty 500 TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Equity - Other Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Titanium Equity Long-Short Fund Regular Growth Very High Risk	-	1.0%	-	-
Titanium Equity Long-Short Fund Direct Growth Very High Risk	-	1.0%	-	-
qsif Sector Rotation Long-Short Fund Regular Growth Very High Risk	2.5%	1.0%	-	-
qsif Sector Rotation Long-Short Fund Direct Growth Very High Risk	0.9%	1.0%	-	-
Sapphire Equity Long-Short SIF Regular Growth Very High Risk	-	1.0%	-	-
Sapphire Equity Long-Short SIF Direct Growth Very High Risk	-	1.0%	-	-
WSIF Equity Long-Short Fund Regular Growth Very High Risk	-	0.0%	-	-
WSIF Equity Ex-Top 100 Long-Short Fund Regular Growth Very High Risk	-	0.0%	-	-
WSIF Equity Long-Short Fund Direct Growth Very High Risk	-	0.0%	-	-
WSIF Equity Ex-Top 100 Long-Short Fund Direct Growth Very High Risk	-	0.0%	-	-
DynaSIF Active Asset Allocator Long-Short Fund Direct Growth Low to Moderate Risk	-	0.0%	₹130.72 Cr	-
DynaSIF Active Asset Allocator Long-Short Fund Regular Growth Low to Moderate Risk	-	0.0%	₹130.72 Cr	-
Apex Hybrid Long-Short Fund Regular Growth Low to Moderate Risk	-	0.0%	₹63.25 Cr	-
Apex Hybrid Long-Short Fund Direct Growth Low to Moderate Risk	-	0.0%	₹63.25 Cr	-
Arudha Equity Long-Short Fund Regular Growth Very High Risk	0.6%	0.0%	₹68.12 Cr	-
Arudha Equity Long-Short Fund Direct Growth Very High Risk	0.3%	0.0%	₹68.12 Cr	-
SBI Nifty Midcap 150 Momentum 50 ETF Very High Risk	0.3%	-	₹9.21 Cr	-
ITI Business Cycle Fund Regular Growth Very High Risk	2.4%	0.0%	₹103.16 Cr	-
ITI Business Cycle Fund Direct Growth Very High Risk	0.6%	0.0%	₹103.16 Cr	-
DynaSIF Equity Long - Short Fund Regular Growth High Risk	-	0.0%	₹153.58 Cr	-
DynaSIF Equity Long - Short Fund Direct Growth High Risk	-	0.0%	₹153.58 Cr	-
Mirae Asset BSE India Defence ETF Very High Risk	0.3%	-	₹76.36 Cr	-
Kotak Services Fund Regular Growth Very High Risk	2.4%	0.0%	₹725.97 Cr	-
Kotak Services Fund Direct Growth Very High Risk	0.9%	0.0%	₹725.97 Cr	-
SBI Quality Fund Direct Growth Very High Risk	0.8%	1.0%	₹2361.00 Cr	-
Mirae Asset BSE India Defence ETF FOF Direct Growth Very High Risk	0.4%	0.0%	₹46.04 Cr	-
Mirae Asset BSE India Defence ETF FOF Regular Growth Very High Risk	0.8%	0.0%	₹46.04 Cr	-
SBI Quality Fund Regular Growth Very High Risk	2.0%	1.0%	₹2361.00 Cr	-
Motilal Oswal Nifty MNC ETF Very High Risk	0.5%	-	₹2.42 Cr	-
JioBlackRock Sector Rotation Fund Direct Growth Very High Risk	0.4%	0.0%	₹142.82 Cr	-
Groww Nifty PSE ETF FOF Regular Growth Very High Risk	0.5%	0.0%	₹11.98 Cr	-
Groww Nifty PSE ETF FOF Direct Growth Very High Risk	0.2%	0.0%	₹11.98 Cr	-
Groww Nifty PSE ETF Very High Risk	0.6%	-	₹17.69 Cr	-
Mahindra Manulife Innovation Opportunities Fund Direct Growth Very High Risk	0.5%	0.0%	₹194.04 Cr	-
Mahindra Manulife Innovation Opportunities Fund Regular Growth Very High Risk	2.1%	0.0%	₹194.04 Cr	-
Groww Nifty Chemicals ETF Very High Risk	0.7%	-	₹8.70 Cr	-
DSP MSCI INDIA ETF Very High Risk	0.3%	-	₹3.26 Cr	-
Kotak Rural Opportunities Fund Regular Growth Very High Risk	2.3%	0.0%	₹795.34 Cr	-
Kotak Rural Opportunities Fund Direct Growth Very High Risk	0.7%	0.0%	₹795.34 Cr	-
ICICI Prudential Conglomerate Fund Regular Growth Moderately High risk	2.0%	1.0%	₹818.96 Cr	-
ICICI Prudential Conglomerate Fund Direct Growth Moderately High risk	1.0%	1.0%	₹818.96 Cr	-
The Wealth Company Ethical Fund Direct Growth Very High Risk	0.6%	0.0%	₹37.57 Cr	-
The Wealth Company Ethical Fund Regular Growth Very High Risk	2.0%	0.0%	₹37.57 Cr	-
Baroda BNP Paribas Business Conglomerates Fund Direct Growth Very High Risk	0.7%	1.0%	₹666.33 Cr	-
Baroda BNP Paribas Business Conglomerates Fund Regular Growth Very High Risk	2.0%	1.0%	₹666.33 Cr	-
Motilal Oswal Nifty Alpha 50 ETF Very High Risk	0.5%	-	₹6.62 Cr	-
Kotak Active Momentum Fund Direct Growth Very High Risk	0.8%	0.0%	₹1441.83 Cr	-
Kotak Active Momentum Fund Regular Growth Very High Risk	2.1%	0.0%	₹1441.83 Cr	-
Motilal Oswal Special Opportunities Fund Direct Growth Very High Risk	2.4%	1.0%	₹74.13 Cr	-
Motilal Oswal Special Opportunities Fund Regular Growth Very High Risk	2.5%	1.0%	₹74.13 Cr	-

About the AMC

DSP Mutual Fund

+91 18002084499

https://www.dspim.com/

Total AUM

₹2,31,495 Cr

Address

West Wing, 11th Floor, Mumbai, 400021

Other Funds by DSP Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
DSP Multi Asset Omni Fund of Funds Direct Growth Very High Risk	0.4%	0.0%	₹801.17 Cr	-
DSP Nifty 500 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹13.80 Cr	-
DSP Fixed Maturity Plan Series 277 789 Days Direct Growth High Risk	-	0.0%	-	-
DSP Nifty Smallcap 250 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹12.00 Cr	-
DSP Nifty Midcap 150 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹14.47 Cr	-
DSP Nifty500 Flexicap Quality 30 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹181.45 Cr	-
DSP Nifty IT Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹80.06 Cr	-
DSP Nifty Healthcare Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹20.35 Cr	-
DSP Silver ETF Fund of Fund Direct Growth Very High Risk	0.5%	0.0%	₹788.86 Cr	123.6%
DSP Nifty Private Bank Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹78.75 Cr	-0.5%
DSP BSE SENSEX Next 30 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹23.28 Cr	8.3%
DSP Business Cycle Fund Direct Growth Very High Risk	0.6%	0.0%	₹1166.19 Cr	4.1%
DSP Nifty Top 10 Equal Weight Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹1169.02 Cr	-11.3%
DSP Nifty Bank Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹58.62 Cr	1.8%
DSP US Treasury Fund of Fund Direct Growth Very High Risk	0.2%	0.0%	₹68.75 Cr	16.1%
DSP Nifty Healthcare ETF Regular Growth Very High Risk	0.2%	-	₹14.94 Cr	9.1%
DSP Multicap Fund Direct Growth Low Risk	0.5%	1.0%	₹2808.66 Cr	0.1%
DSP Nifty Smallcap250 Quality 50 Index Fund Direct Growth Very High Risk	0.1%	0.0%	₹310.83 Cr	-11.1%
DSP Banking & Financial Services Fund Direct Growth Very High Risk	0.5%	0.0%	₹1870.92 Cr	7.9%
DSP Gold ETF Fund of Fund Direct Growth High Risk	0.6%	0.0%	₹521.10 Cr	49.3%
DSP Multi Asset Allocation Fund Direct Growth Very High Risk	0.3%	1.0%	₹9801.76 Cr	16.4%
DSP FMP - Series 264 - 60M - 17D Direct Growth Low Risk	-	0.0%	₹54.14 Cr	5.7%
DSP FMP Series 267 - 1246 Days Direct Growth Low Risk	-	0.0%	₹717.68 Cr	6.0%
DSP FMP Series 261 37 Month Direct Growth Moderate Risk	-	-	-	-
DSP Fixed Maturity Plan Series 270 1144 Days Direct Growth Low Risk	-	0.0%	₹180.35 Cr	6.0%
DSP FMP Series 268 - 1281 Days Direct Growth Low Risk	-	-	₹122.54 Cr	5.7%
DSP FMP Series 252 38 Month Direct Growth Moderate Risk	-	0.0%	-	-
DSP Banking & PSU Debt Fund Direct Growth Low Risk	0.3%	0.0%	₹3382.09 Cr	4.1%
DSP Dynamic Asset Allocation Fund Direct Growth Moderately High risk	0.6%	1.0%	₹3664.90 Cr	4.2%
DSP Overnight Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹3174.93 Cr	5.3%
DSP Nifty 50 Index Fund Direct Growth Very High Risk	0.1%	0.0%	₹1071.34 Cr	-4.2%
DSP Nifty Next 50 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹1308.26 Cr	4.4%
DSP Healthcare Fund Direct Growth Very High Risk	0.5%	0.0%	₹3309.17 Cr	9.4%
DSP Global Allocation Fund Direct Growth Very High Risk	0.4%	0.0%	₹1485.85 Cr	4.8%
DSP Quant Fund Direct Growth Very High Risk	0.5%	0.0%	₹781.07 Cr	-1.5%
DSP Low Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹5043.98 Cr	5.9%
DSP Value Fund Direct Growth Very High Risk	0.8%	1.0%	₹1824.06 Cr	7.7%
DSP Nifty SDL Plus G-Sec Jun 2028 30:70 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹1655.20 Cr	5.2%
DSP Bond Fund Direct Growth Moderately High risk	0.3%	0.0%	₹251.53 Cr	4.7%
DSP Flexi Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹11798.35 Cr	-2.2%
DSP Government Securities Direct Growth Moderate Risk	0.5%	0.0%	₹1258.77 Cr	1.7%
DSP Equity & Bond Fund Direct Growth High Risk	0.6%	1.0%	₹11512.87 Cr	-2.7%
DSP Focus Fund Direct Growth Very High Risk	0.8%	1.0%	₹2478.06 Cr	-1.8%
DSP Credit Risk Fund Direct Growth Moderately High risk	0.3%	3.0%	₹249.62 Cr	10.0%
DSP India TIGER Fund Direct Growth Very High Risk	0.7%	1.0%	₹6019.07 Cr	14.7%
DSP Liquidity Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹21927.52 Cr	6.3%
DSP Regular Saving Fund Direct Growth Moderately High risk	0.5%	0.0%	₹179.19 Cr	3.6%
DSP Small Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹18358.18 Cr	6.7%
DSP Ultra Short Fund Direct Growth Moderate Risk	0.3%	0.0%	₹4876.48 Cr	6.4%
DSP Short Term Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹3243.56 Cr	5.1%

Risk Level

Your principal amount will be at Very High Risk

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What is the current NAV of DSP Business Cycle Fund Direct Growth?

The NAV of DSP Business Cycle Fund Direct Growth, as of 12-Jun-2026, is ₹10.37.

What is the portfolio composition of DSP Business Cycle Fund Direct Growth?

The fund's allocation of assets is distributed as 91.08% in equities, 0.00% in bonds, and 8.89% in cash and cash equivalents.

Who manages the DSP Business Cycle Fund Direct Growth?

The fund managers responsible for DSP Business Cycle Fund Direct Growth are:-

Anish Tawakley
Sandeep Yadav
Aparna Karnik

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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DSP Business Cycle Fund Direct Growth

Fund Overview