MonitorDirect · GrowthWatch before adding
DSP Quant Fund
DSP Mutual FundEquity Schemes - Thematic Fund7.4 years
The Scheme seeks to deliver superior returns as compared to the underlying benchmark over the medium to long term through investing in equity and equity related securities. The portfolio of stocks will be selected, weighed and rebalanced using stock screeners, factor based scoring and an optimization formula which aims to enhance portfolio exposures to factors representing good investing principles such as growth, value and quality within risk constraints.
- NAV
- 20.998
- 27 Oct 2026
- 1Y
- -9.6%
- Trailing CAGR
- AUM
- ₹710.89 Cr
- 30 Sept 2026
- Volatility
- High
- 16.2% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 27 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Recent return trails the category median by 3 percentage points or more, with a weak rolling win rate.
Fits if · Three-year return sits below the 25th percentile of comparable share classes.
Prefer peers if · Prefer HSBC India Export Opportunities Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
7.4 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
1.12% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -32.7%. Ask whether you can hold through a similar fall.
Vs category
Fail
0% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Aparna Karnik · 4.5 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
Pass
Top 10 holdings ≈ 33.1% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
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 33%. 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
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
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-9.6%
- 3Y+6.2%
- 5Y+3.5%
- 10Yn/a
- SI+10.5%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-12.5%
- 3Y-1.6%
- 5Y+3.7%
- 10Yn/a
- Since inception
- +10.5%
- Calendar-day CAGR
- Excess 1Y
- -4.2%
- Category median, same plan and option
- 3Y win rate
- +0%
- Windows beating the median
- 3Y percentile
- 7
- Vs comparable share classes
- SIP 3Y XIRR
- -1.6%
- Simulated monthly SIP
- Worst rolling 3Y
- +4.9%
- 1078 daily-ending windows
- Median rolling 3Y
- +12.2%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 589 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -32.7%
- Worst peak-to-trough
- Current
- -13.9%
- Below last peak
- Current spell
- 761 days
- Days below latest peak
- Time below peak
- +89%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 15 days
- 71 recovered episodes
- Longest recovery
- 398 days
- Trough to prior peak
19 Feb 2020 – 16 Sept 2020
Trough 23 Mar 2020 · recovered in 177 days
-32.7%
17 Jan 2022 – 20 Jul 2023
Trough 17 Jun 2022 · recovered in 398 days
-22.3%
26 Sept 2024 – open
Trough 7 Apr 2025 · not recovered
-19.8%
19 Oct 2021 – 17 Jan 2022
Trough 20 Dec 2021 · recovered in 28 days
-8.3%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
7
Vs category
24
Consistency
11
Risk-adjusted
42
Drawdown
18
Mean
20
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Recent return trails the category median by 3 percentage points or more, with a weak rolling win rate.
- Three-year return sits below the 25th percentile of comparable share classes.
Supporting reads
No supporting reads in the current evidence set.
Portfolio
30 Sept 2026 · 41 holdings · top 10 are 33.1%.
- Top 5
- 18.9%
- Top 10
- 33.1%
- Largest holding
- 4.7%
- Effective holdings
- 38.5
Reverse Repo
Unspecified
4.7%
ITC Ltd
Consumer Staples
3.9%
Infosys Ltd
Technology
3.5%
Bharti Airtel Ltd
Technology
3.5%
Tata Steel Ltd
Materials
3.4%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
17 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
16 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
15 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
11 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
10 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
8 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
HSBC India Export Opportunities Fund
HSBC Mutual Fund
- 1Y
- +14.1%
- 3Y
- n/a
- Vol
- 16.1%
- Max DD
- -20.5%
- Sharpe
- 0.16
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Mahindra Manulife Business Cycle Fund
Mahindra Manulife Mutual Fund
- 1Y
- -4.5%
- 3Y
- +15.8%
- Vol
- 15.7%
- Max DD
- -21.4%
- Sharpe
- 0.55
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Nippon India Consumption Fund
Nippon India Mutual Fund
- 1Y
- -12.5%
- 3Y
- +8.2%
- Vol
- 15.7%
- Max DD
- -31.0%
- Sharpe
- 0.47
- 3Y win
- +46%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
WhiteOak Capital Special Opportunities Fund
WhiteOak Capital Mutual Fund
- 1Y
- +6.5%
- 3Y
- n/a
- Vol
- 14.7%
- Max DD
- -17.0%
- Sharpe
- 0.64
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
360 ONE QUANT FUND
360 ONE Mutual Fund
- 1Y
- -9.5%
- 3Y
- +13.1%
- Vol
- 16.6%
- Max DD
- -22.4%
- Sharpe
- 0.54
- 3Y win
- +91%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility