HealthyDirect · GrowthFit for a long SIP
DSP Multi Asset Allocation Fund
DSP Mutual FundHybrid Schemes - Multi Asset Allocation Fund3.1 years
The Scheme is seek to generate long term capital appreciation by investing in multi asset classes including equity and equity related securities, debt and money market instruments, commodity ETFs, exchange traded commodity derivatives and overseas securities.
- NAV
- 16.0507
- 29 Oct 2026
- 1Y
- +4.2%
- Trailing CAGR
- AUM
- ₹10,592.4 Cr
- 31 Aug 2026
- Volatility
- Medium
- 8.9% 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 · The fund beat the category median in 100% of rolling 3-year windows.
Fits if · Three-year return is above the category median.
Buy checklist
History depth
Watch
3.1 years - usable, still building a track record.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.62% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -9.7%. Ask whether you can hold through a similar fall.
Vs category
Pass
100% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Shantanu Godambe · 2.2 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 ≈ 56.2% 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 10%. 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+4.2%
- 3Y+17.3%
- 5Yn/a
- 10Yn/a
- SI+16.6%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-3.1%
- 3Y+11.7%
- 5Yn/a
- 10Yn/a
- Since inception
- +16.6%
- Calendar-day CAGR
- Excess 1Y
- +1.7%
- Category median, same plan and option
- 3Y win rate
- +100%
- Windows beating the median
- 3Y percentile
- 100
- Vs comparable share classes
- SIP 3Y XIRR
- +11.7%
- Simulated monthly SIP
- Worst rolling 3Y
- +16.7%
- 21 daily-ending windows
- Median rolling 3Y
- +17.3%
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -9.7%
- Worst peak-to-trough
- Current
- -6.2%
- Below last peak
- Current spell
- 65 days
- Days below latest peak
- Time below peak
- +76%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 7 days
- 61 recovered episodes
- Longest recovery
- 151 days
- Trough to prior peak
29 Jan 2026 – 21 Aug 2026
Trough 23 Mar 2026 · recovered in 151 days
-9.7%
25 Aug 2026 – open
Trough 23 Oct 2026 · not recovered
-7.2%
26 Sept 2024 – 22 Apr 2025
Trough 7 Apr 2025 · recovered in 15 days
-5.1%
16 Jul 2024 – 20 Aug 2024
Trough 6 Aug 2024 · recovered in 14 days
-3.0%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
100
Vs category
61
Consistency
100
Risk-adjusted
89
Drawdown
76
Mean
85
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
- The fund beat the category median in 100% of rolling 3-year windows.
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
31 Aug 2026 · 106 holdings · top 10 are 56.2%.
- Top 5
- 43.9%
- Top 10
- 56.2%
- Largest holding
- 16.3%
- Effective holdings
- 16.6
Reverse Repo
Unspecified
16.3%
DSP Gold ETF - Growth
Unspecified
11.7%
National Stock Exchange Of India Ltd Index ID
Financial
9.0%
DSP NIFTY 50 Equal Weight ETF - Growth
Unspecified
5.6%
GOVERNMENT OF INDIA 35840 GOI 15AP65 6.9 FV RS 100
Entities
4.0%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Mirae Asset Multi Asset Allocation Fund
Mirae Asset Mutual Fund
- 1Y
- +4.1%
- 3Y
- n/a
- Vol
- 8.8%
- Max DD
- -9.1%
- Sharpe
- 0.69
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
Caveat: Higher TER · Lower trailing returns
WhiteOak Capital Multi Asset Allocation Fund
WhiteOak Capital Mutual Fund
- 1Y
- +6.0%
- 3Y
- +16.1%
- Vol
- 5.6%
- Max DD
- -6.1%
- Sharpe
- 1.58
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
Caveat: Higher TER · Lower trailing returns
Mahindra Manulife Multi Asset Allocation Fund
Mahindra Manulife Mutual Fund
- 1Y
- +3.9%
- 3Y
- n/a
- Vol
- 9.0%
- Max DD
- -9.5%
- Sharpe
- 0.81
- 3Y win
- n/a
- Shallower drawdown
- Lower TER
Caveat: Higher volatility · Lower trailing returns
HDFC Multi Asset Allocation Fund
HDFC Mutual Fund
- 1Y
- -2.6%
- 3Y
- +11.1%
- Vol
- 8.0%
- Max DD
- -27.1%
- Sharpe
- 0.65
- 3Y win
- +44%
- Lower volatility
Caveat: Deeper drawdown · Higher TER · Lower trailing returns
Invesco India Multi Asset Allocation Fund
Invesco Mutual Fund
- 1Y
- +5.1%
- 3Y
- n/a
- Vol
- 9.8%
- Max DD
- -11.0%
- Sharpe
- 0.65
- 3Y win
- n/a
- Lower TER
Caveat: Higher volatility · Deeper drawdown · Lower trailing returns