ReviewDirect · GrowthPrefer peers first
DSP Small Cap Fund
DSP Mutual FundEquity Scheme - Small Cap Fund13.8 years
The aim of the fund is to seek long-term capital appreciation by investing in a portfolio that is substantially constitutes of stocks of small cap companies.
- NAV
- 237.226
- 30 Oct 2026
- 1Y
- +9.5%
- Trailing CAGR
- AUM
- ₹21,658.64 Cr
- 31 Aug 2026
- Volatility
- High
- 16.5% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 30 Oct 2026
Stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
In three lines
Watch if · Maximum drawdown exceeded 35%.
Prefer peers if · Prefer BANDHAN Small Cap Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Fail
The live read flags issues. Inspect same-category alternatives before buying.
Expense ratio
Pass
0.84% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Watch
Peak-to-trough -49.1%. Ask whether you can hold through a similar fall.
Vs category
Fail
30% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Vinit Sambre · 13.8 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 ≈ 38.9% 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 49%. 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
Review does not mean stop the SIP tomorrow - compare peers first. Stopping on a red label often locks in the worst path.
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+9.5%
- 3Y+15.7%
- 5Y+16.0%
- 10Y+15.6%
- SI+20.7%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+12.1%
- 3Y+10.5%
- 5Y+15.7%
- 10Y+18.7%
- Since inception
- +20.7%
- Calendar-day CAGR
- Excess 1Y
- +6.6%
- Category median, same plan and option
- 3Y win rate
- +30%
- Windows beating the median
- 3Y percentile
- 69
- Vs comparable share classes
- SIP 3Y XIRR
- +10.5%
- Simulated monthly SIP
- Worst rolling 3Y
- -12.6%
- 2656 daily-ending windows
- Median rolling 3Y
- +23.1%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2161 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -49.1%
- Worst peak-to-trough
- Current
- -8.8%
- Below last peak
- Current spell
- 60 days
- Days below latest peak
- Time below peak
- +86%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 15 days
- 161 recovered episodes
- Longest recovery
- 429 days
- Trough to prior peak
9 Jan 2018 – 4 Jan 2021
Trough 24 Mar 2020 · recovered in 286 days
-49.1%
7 Jan 2013 – 26 Dec 2013
Trough 28 Aug 2013 · recovered in 120 days
-24.9%
11 Dec 2024 – 6 May 2026
Trough 3 Mar 2025 · recovered in 429 days
-24.1%
17 Jan 2022 – 17 May 2023
Trough 20 Jun 2022 · recovered in 331 days
-20.0%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
69
Vs category
91
Consistency
44
Risk-adjusted
70
Drawdown
0
Mean
55
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Review
Buying stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
Why this status
- Maximum drawdown exceeded 35%.
Supporting reads
- The fund beat the category median in 58% of rolling 1-year windows.
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
31 Aug 2026 · 85 holdings · top 10 are 38.9%.
- Top 5
- 27.9%
- Top 10
- 38.9%
- Largest holding
- 12.5%
- Effective holdings
- 32.5
Reverse Repo
Unspecified
12.5%
Lumax Auto Technologies Ltd
Consumer Discretionary
5.1%
Thangamayil Jewellery Ltd
Consumer Discretionary
3.6%
Kirloskar Oil Engines Ltd
Industrials
3.4%
Sansera Engineering Ltd
Consumer Discretionary
3.3%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
BANDHAN Small Cap Fund
Bandhan Mutual Fund
- 1Y
- +1.2%
- 3Y
- +21.6%
- Vol
- 17.2%
- Max DD
- -24.3%
- Sharpe
- 1.22
- 3Y win
- +76%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
BANK OF INDIA SMALL CAP FUND
Bank of India Mutual Fund
- 1Y
- +16.7%
- 3Y
- +18.6%
- Vol
- 18.1%
- Max DD
- -32.4%
- Sharpe
- 1.08
- 3Y win
- +84%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
HDFC Small Cap Fund
HDFC Mutual Fund
- 1Y
- -9.9%
- 3Y
- +8.9%
- Vol
- 16.4%
- Max DD
- -48.3%
- Sharpe
- 0.71
- 3Y win
- +59%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
Kotak Small Cap Fund
Kotak Mahindra Mutual Fund
- 1Y
- -2.9%
- 3Y
- +10.8%
- Vol
- 15.4%
- Max DD
- -40.6%
- Sharpe
- 0.80
- 3Y win
- +42%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
QUANTUM SMALL CAP FUND
Quantum Mutual Fund
- 1Y
- -1.7%
- 3Y
- n/a
- Vol
- 14.5%
- Max DD
- -18.2%
- Sharpe
- 0.27
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns