HealthyDirect · GrowthFit for a long SIP
DSP Dynamic Asset Allocation Fund
DSP Mutual FundHybrid Scheme - Dynamic Asset Allocation or Balanced Advantage12.7 years
The Scheme seeks to generate income and capital appreciation by primarily investing in a portfolio of high quality debt and money market securities that are issued by banks and public sector entities/undertakings.
- NAV
- 32.521
- 29 Oct 2026
- 1Y
- +0.1%
- Trailing CAGR
- AUM
- ₹3,703.78 Cr
- 30 Sept 2026
- Volatility
- Low
- 7.0% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · Three-year return is above the category median.
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Buy checklist
History depth
Pass
12.7 years of path to read.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
1.04% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -19.3%. Ask whether you can hold through a similar fall.
Vs category
Fail
32% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Preethi R S · 1.1 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Watch
Top 10 holdings ≈ 56.4% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 19%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
If you start a SIP here, diary a 90-day check and an annual review - don’t react to every NAV print.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+0.1%
- 3Y+10.2%
- 5Y+8.3%
- 10Y+9.2%
- SI+9.7%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-0.6%
- 3Y+5.3%
- 5Y+8.5%
- 10Y+9.5%
- Since inception
- +9.7%
- Calendar-day CAGR
- Excess 1Y
- +2.9%
- Category median, same plan and option
- 3Y win rate
- +32%
- Windows beating the median
- 3Y percentile
- 71
- Vs comparable share classes
- SIP 3Y XIRR
- +5.3%
- Simulated monthly SIP
- Worst rolling 3Y
- +1.5%
- 2393 daily-ending windows
- Median rolling 3Y
- +10.3%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 1903 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -19.3%
- Worst peak-to-trough
- Current
- -3.7%
- Below last peak
- Current spell
- 87 days
- Days below latest peak
- Time below peak
- +77%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 8 days
- 220 recovered episodes
- Longest recovery
- 137 days
- Trough to prior peak
19 Feb 2020 – 7 Aug 2020
Trough 23 Mar 2020 · recovered in 137 days
-19.3%
12 Jan 2022 – 11 Aug 2022
Trough 17 Jun 2022 · recovered in 55 days
-7.9%
20 Oct 2015 – 13 Apr 2016
Trough 25 Feb 2016 · recovered in 48 days
-6.7%
25 Oct 2016 – 1 Feb 2017
Trough 26 Dec 2016 · recovered in 37 days
-6.4%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
71
Vs category
68
Consistency
40
Risk-adjusted
53
Drawdown
52
Mean
57
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
30 Sept 2026 · 76 holdings · top 10 are 56.4%.
- Top 5
- 40.8%
- Top 10
- 56.4%
- Largest holding
- 16.9%
- Effective holdings
- 18.0
Cash Margin
Unspecified
16.9%
ICICI Bank Ltd
Financial
7.4%
HDFC Bank Ltd
Financial
7.3%
Axis Bank Ltd
Financial
5.0%
State Bank of India
Financial
4.3%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Edelweiss Balanced Advantage Fund
Edelweiss Mutual Fund
- 1Y
- +0.0%
- 3Y
- +10.6%
- Vol
- 9.0%
- Max DD
- -16.2%
- Sharpe
- 0.67
- 3Y win
- +77%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
Franklin India Balanced Advantage Fund
Franklin Templeton Mutual Fund
- 1Y
- -4.2%
- 3Y
- +9.1%
- Vol
- 6.9%
- Max DD
- -8.1%
- Sharpe
- 0.58
- 3Y win
- +97%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
Parag Parikh Dynamic Asset Allocation Fund
PPFAS Mutual Fund
- 1Y
- +0.8%
- 3Y
- n/a
- Vol
- 2.8%
- Max DD
- -2.7%
- Sharpe
- 0.00
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
SBI Balanced Advantage Fund
SBI Mutual Fund
- 1Y
- -3.4%
- 3Y
- +9.4%
- Vol
- 6.4%
- Max DD
- -7.4%
- Sharpe
- 0.54
- 3Y win
- +99%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
quant Dynamic Asset Allocation Fund
quant Mutual Fund
- 1Y
- -5.9%
- 3Y
- +12.8%
- Vol
- 13.8%
- Max DD
- -18.4%
- Sharpe
- 0.69
- 3Y win
- +100%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Higher TER