DSP Equity opportunities mutual fund review: Needs to regain consistency

ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

BASIC FACTS
DATE OF LAUNCH
16 MAY 2000

CATEGORY
EQUITY
TYPE
LARGE & MIDCAP
AUM*
Rs.7,011 crore
BENCHMARK
NIFTY LARGE MIDCAP 250
TOTAL RETURN INDEX

WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.349.74
IDCW
Rs.28.61
MINIMUM INVESTMENT
Rs.500
MINIMUM SIP AMOUNT
Rs.500
EXPENSE RATIO*** (%)
1.89
EXIT LOAD
1% for redemption within 364 days

*AS ON 30 SEPTEMBER 2022
**AS ON 11 OCTOBER 2022
***AS ON 31 AUGUST 2022

FUND MANAGER
ROHIT SINGHANIA
TENURE: 7 YEARS, 3 MONTHS

Recent portfolio changes
New Entrants: Chambal Fertilisers & Chemicals, KPR Mills, Tech Mahindra, AU Small Finance Bank, G R Infraprojects
Complete Exits: Life Insurance Corporation of India, Cholamandalam Investment & Finance Company, Godrej Consumer Products, Kei Industries

Should you buy?
Earlier running a fluid stance with a large cap bias, the fund hiked its presence in mid caps after repositioning as a large & mid cap fund. The fund manager retains fluidity in investing style —not married to either growth or value—and takes a basket approach, taking positions in 3-4 ideas within select sectors. Barring a handful of large positions in 2-3 top bets, its portfolio is spread fairly thin. While the fund has a healthy long term track record, its return profile has visibly slipped in the last few years. The fund’s risk-return grade has also suffered, ranking below its category average. While its fund manager has proven execution capabilities, the fund needs to regain consistency to remain a good pick in its segment.

(Source: Value Research)