DSP Mutual Fund

We think we know people. We think we understand them. We think we know what someone else needs. Until something makes us stop and look again. Haan Didi. A new story about assumptions, attention and financial awareness: tinyurl.com/HaanDidi

Beyond changing market conditions, there's another risk investors need to watch closely. Join Anish Tawakley, CIO, DSP Mutual Fund, for the November edition of On Record with Anish, where he will discuss: • What changed in October, and what still holds • Why corporate governance and promoter behaviour deserve closer attention • Where our views on banks, IT and other sectors stand • How these views influence our investment approach and focus funds Gain insights into emerging risks, evolving sector opportunities and the investment convictions that continue to guide our decisions. 📅 Monday, 2 November 2026 🕟 4:30 PM Register now: tinyurl.com/33tn9uyr #OnRecordWithAnish #DSPMutualFund

She knows when the school fees are due. What the vegetables cost this week. Which relative must be visited this month. Ask her about the family's investments, though, and she'll say, "He handles all that." In many homes, every folio carries just one name. Change that. Gift HER some of the mutual fund units you already hold so that next month, the statement comes to her. Some gifts last an evening. This one is for years ahead. See how gifting works: tinyurl.com/yrydne3d

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Make responsible investing a part of your financial journey. Take the Central Vigilance Commission’s e-Pledge today: link in comment

Some gifts say, “I thought of you.” Others say, “I’m thinking of your future, too.” This Diwali, gift mutual fund units to your family members. Start gifting now: tinyurl.com/yrydne3d

What can one five-year period of large-cap returns tell us about the next? Historically, subdued five-year periods have sometimes been followed by stronger returns over the next five years. Is this mean reversion at work? Learn more: tinyurl.com/NetraOctWebinar

Like the Nifty 50, but prefer to do things a little differently? Same 50 companies. An equal say for each. That’s the idea behind DSP Nifty 50 Equal Weight Index Fund. Every time the portfolio is rebalanced, each company gets the same weight, no matter how big it is. It’s a simple approach called smart beta. And how has it done? Across 3-year holding periods since inception, the fund’s median annualised return was about 18%, compared with about 15% for the Nifty 50 TRI.* That’s an alpha of around 3% every year. We’ve now completed 9 years. Take a look at how this approach has worked over different investment periods. Explore the fund: tinyurl.com/ypfb4rdc @AnilGhelani @ManishRathiDSP

Small and Mid-cap indices remain below their September 2024 peaks. Yet valuations remain elevated despite the correction in prices. What explains this disconnect? To learn more, watch the full Netra October webinar: tinyurl.com/NetraOctWebinar

पिछले 5 साल में अच्छे रिटर्न मिले। तो क्या अगले 5 साल भी वैसे ही होंगे? बाज़ार का इतिहास कुछ और बताता है। Mean Reversion क्या है और निवेशकों के लिए क्यों ज़रूरी है? जानिए DSP NETRA October 2026 के हिंदी पॉडकास्ट में। पूरी NETRA रिपोर्ट यहाँ पढ़ें: tinyurl.com/NetraOct2026

A few days or weeks can account for much of the market's movement. Yet over longer periods, returns tend to gravitate towards historical averages. What does this tell us about how markets behave? To learn more, watch the full Netra October webinar: tinyurl.com/NetraOctWebinar

As kids, we couldn’t wait to grow up. We’d mark our height on the wall every few weeks. It never moved as fast as we wanted. Small businesses grow the same way. With Small Cap Funds, you could be backing tomorrow’s big names. But not every small business makes it to the big leagues. That’s the opportunity. And that’s the risk. Like kids, they grow in spurts. Some years, they surge. Some years, nothing seems to change. Your expectations shouldn’t grow faster than your patience.

Most investors start with "which stocks should I own?" Our Business Cycle Fund starts a step earlier: which sectors, and when? The sector decides most of what a stock can do. A good company in the wrong phase of its cycle struggles, while an average one in the right phase rides the tide. Within a sector, timing is the whole game. Here's how that shows up in the fund's current positioning: → Cement: production is growing, government infrastructure spend sets a floor, and margins sit closer to a trough than a peak. Early in the cycle. → Financials: credit growth is healthy, yet several lenders still trade below their long-period valuation averages. Not yet priced in. → Metals: steel faces structural Chinese overcapacity, aluminium is near its highs, and fresh iron ore supply is on the way. Late in the cycle. One question, asked in each industry's own cycle: where are we, and is the evidence improving or fading? That's how the fund holds 24 of 51 Nifty 500 industries, with a deliberate zero in five. See the full sector-by-sector cycle read in the Business Cycle Fund presentation: tinyurl.com/perk2typ @KalpenParekh @ManishRathiDSP