DSP Mutual Fund · Direct Growth · SEBI Category: Multi Asset
DSP Multi Asset Allocation Fund is a relatively newer multi asset fund from DSP Mutual Fund — a fund house with strong research credentials in both equity and fixed income. The fund combines equity growth, debt stability and gold hedging in one portfolio. DSP MF's systematic, research-driven approach is applied consistently across all three asset classes.
The fund's equity component applies DSP's quality research framework. The debt sleeve focuses on high credit quality instruments with moderate duration. The gold allocation through DSP Gold ETF provides efficient, low-cost gold exposure with specific in-house expertise managing this component. DSP's passive investment capabilities mean the gold allocation is managed with professional ETF management skills.
Atul Bhole manages equity, Shantanu Godambe handles fixed income and Anil Ghelani manages the gold allocation in DSP Multi Asset Allocation Fund. Anil Ghelani is Head of Passive Investments and ETFs at DSP MF and brings specific expertise in gold ETF management — ensuring the gold component is managed efficiently with minimal tracking error.
For current co-manager details and full biography, refer to the latest DSP Mutual Fund factsheet on AMFI or the AMC website.
Informational points to help you form your own view — not judgements or recommendations.
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| Fund | NAV | AAUM | 1Y Return | 3Y CAGR | 5Y CAGR | Sharpe (3Y) |
|---|---|---|---|---|---|---|
| SBI Multi Asset Allocation Fund | ₹73.80 | ₹15.2K Cr Jan–Mar 2026 | +14.8% | +17.9% p.a. | +14.5% p.a. | 1.62 |
| Nippon India Multi Asset Allocation Fund | ₹26.38 | ₹12.6K Cr Jan–Mar 2026 | +16.8% | +21.0% p.a. | +16.9% p.a. | 1.59 |
| Kotak Multi Asset Allocation Fund | ₹16.39 | ₹12.1K Cr Jan–Mar 2026 | +24.9% | — | — | — |
| DSP Multi Asset Allocation Fund ▲ | ₹16.64 | ₹7.8K Cr Jan–Mar 2026 | +21.4% | — | — | — |
| UTI Multi Asset Allocation Fund | ₹86.71 | ₹6.6K Cr Jan–Mar 2026 | +7.4% | +17.8% p.a. | +14.6% p.a. | 1.31 |
Calculated from 611 daily NAV records in RightAdvise DB. Last calculated: Jun 2026.
1M / 3M / 6M / 1Y — simple point-to-point return · 3Y / 5Y / 10Y — CAGR (compounded annual growth rate)
Based on all rolling windows in full NAV history. Dates show the start and end of each period.
Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.
Rolling returns show performance across every possible investment start date — not one cherry-picked number. Learn more →
How much the fund fell from its peak NAV — what investors actually experience during crashes. Calculated from full NAV history.
Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.
Calculated from 3 years of daily NAV — industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →
Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes — from official AMC disclosures.
See how DSP Multi Asset Allocation Fund ranks against other Multi Asset funds on returns, drawdown, Sharpe ratio and AAUM — side by side.
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