DSP Mutual Fund files draft for Multicap Fund

DSP Mutual Fund has filed a draft for a multicap fund. DSP Multicap Fund will be an open-ended equity scheme investing across large cap, mid cap, small cap stocks.

The scheme will be benchmarked against Nifty 500 Multicap 50:25:25 TRI. The scheme will be managed by Chirag Dagli, Jay Kothari (fund manager for overseas investments)

The investment objective of the scheme is to seek to generate long-term capital appreciation from a portfolio of equity and equity related securities across market capitalization.


According to the scheme information document, the minimum application amount will be Rs 100 and any amount thereafter. The minimum installment amount for SIP/SWP/STP will be Rs 100 and any amount thereafter. The scheme's riskometer shows that the scheme will fall in the 'very high risk' category.

The scheme will have a regular and a direct plan with growth and IDCW options. The scheme will allocate its assets of around 75-100% in equity and equity related securities, 0-25% in equity and equity related overseas securities, 0-25% in debt and money market instruments, and 0-10% in units issued by REITs & InvITs.

The portfolio construction will be based on a “bottom up” approach as well as a “top down” approach.