DSP Mutual Fund

Name

DSP Mutual Fund

Legal name

DSP Asset Managers Private Limited

Website

https://dspim.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Product category

Mutual Fund Asset Management

NAICS

Open-End Investment Funds (525910), Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Finance Services (6199), Investment Advice (6282)

akta.pro primary industry

Fixed Income Mutual Funds (FSAAAEAB)

Keywords

• Mutual fund management
• Asset management services
• Portfolio management
• Investment fund schemes
• Wealth management India

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Management Fees (Total Expense Ratio): DSP Asset Managers earns revenue through Total Expense Ratio (TER) charged on assets under management across its 64 mutual fund schemes, including equity funds, debt funds, hybrid funds, ETFs, index funds, international funds, and solution-oriented funds. The TER varies by scheme type, with lower costs for index/ETFs (0.07%-0.45%) and higher for active equity funds (up to 1.85% for regular plans).
2. Transaction Charges: Revenue generated from processing various investor transactions including purchases, redemptions, switches, SIP registrations, and STP transactions through the digital platform.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels10 records

Core offering

DSP Mutual Fund is an Indian asset management company that designs, markets, and manages 64 mutual fund schemes spanning equity, debt, hybrid, international, index, ETF, fund-of-funds, fixed maturity plan, and solution-oriented categories. Investors transact directly through the dspim.com website, mobile apps, or via a 52,000+ strong distributor network using the proprietary IFAXpress platform. The firm earns management fees through Total Expense Ratio (TER) charged on assets under management exceeding ₹1.11 lakh crore.

Product overview

DSP Mutual Fund operates as a comprehensive mutual fund investment company offering a diversified portfolio of 64 mutual fund schemes across 10 categories. The product ecosystem includes equity funds (30 schemes), debt funds (17 schemes), hybrid funds (6 schemes), international funds (7 schemes), domestic funds of funds (4 schemes), index funds (18 schemes), ETFs (22 schemes), low-cost funds, fixed maturity plans, and goal-based investment solutions. Key flagship products include the DSP Multi Asset Allocation Fund with disciplined diversification across equities, fixed income, and commodities, and the DSP ELSS Tax Saver Fund providing tax benefits under Section 80C. The company also offers proprietary research tools including DSP Netra for market intelligence, digital investment calculators, and the IFAXpress distributor platform for transaction management.

Differentiator

Problem solved

Functional benefit

Brands

• DSP Netra: In-house market intelligence and investment framework used for risk assessment and allocation decisions across fund portfolios.
• DSP ELSS Tax Saver Fund
• DSP India T.I.G.E.R. Fund
• DSP Value Fund

Products and services

• DSP Equity Funds Equity-focused mutual fund schemes investing predominantly in equity and equity-related securities, comprising 30 schemes across market-cap, thematic, and factor-based strategies. Targeted at retail investors seeking long-term capital appreciation across Indian equity markets.
• DSP Debt Funds Fixed income mutual fund schemes investing in corporate bonds, government securities, money market instruments, and other debt instruments across 17 schemes covering various duration and credit profiles. Targeted at investors seeking stable income with controlled risk.
• DSP Hybrid Funds Hybrid mutual fund schemes investing in a mix of asset classes across 6 schemes covering multi-asset allocation, aggressive hybrid, dynamic asset allocation, equity savings, regular savings, and arbitrage strategies. Targeted at investors seeking balanced risk-return through automatic diversification.
• DSP International Funds International mutual fund schemes providing exposure to global stocks, debt instruments, and international markets through Fund of Funds structure across 7 schemes covering US markets, global innovation, world mining, gold mining, clean energy, agriculture, and US treasuries. Targeted at retail and NRI investors seeking global diversification.
• DSP Domestic Fund of Funds Domestic Fund of Funds investing in other Indian mutual funds and ETFs across 4 schemes covering silver ETFs, gold ETFs, income plus arbitrage, and multi-asset strategies. Targeted at investors seeking multi-manager and multi-asset exposure.
• DSP Index Funds Index mutual funds that aim to replicate the performance of specific market indices across 18 schemes tracking Nifty 50, Nifty Next 50, Nifty Midcap 150, Nifty Smallcap 250, sectoral indices, and quality/factor-based indices. Targeted at cost-conscious investors seeking passive market exposure.
• DSP Exchange Traded Funds (ETFs) Exchange-traded funds that trade on stock exchanges like individual stocks. Includes 22 ETFs tracking Nifty 50, sectoral indices (Banking, IT, Healthcare, PSU Bank), gold, silver, and thematic indices. Targeted at investors seeking intraday liquidity and low-cost passive exposure.
• DSP Low Cost Funds Cost-efficient index funds and ETFs designed for long-term wealth creation with lower expense ratios ranging from 0.07% to 0.82%. Targeted at investors prioritizing low fees over active management.
• DSP Fixed Maturity Plans (FMPs) Close-ended debt mutual fund schemes with fixed tenure and maturity dates across multiple series targeting specific maturity dates. Targeted at investors seeking predictable debt returns aligned with specific liability horizons.
• DSP Investment Solutions Goal-based investment solutions combining multiple funds for short-term, medium-term, long-term, and Indo-US equity objectives across 4 solution-oriented combinations targeting specific investment horizons. Targeted at investors seeking pre-designed asset allocation for specific goals.
• DSP Multi Asset Allocation Fund Flagship hybrid fund that invests across equities, fixed income, commodities, and real assets with predefined exposure bands. Maintains approximately 50% equity exposure with large-cap tilt while actively managing precious metals and REIT/InvIT allocations. AUM ₹8,396 crore as of April 2026.
• DSP ELSS Tax Saver Fund Equity Linked Savings Scheme with 3-year lock-in providing Section 80C tax benefits up to ₹1.5 lakh. Multi-cap strategy investing across large-cap (67%), mid-cap (16.2%), and small-cap (10.7%) with AUM of ₹16,156.22 crore and 11.35 lakh investors as of May 2026. Minimum investment ₹500 lump sum or 6 SIP installments of ₹500.
• DSP Quant Fund Rule-based equity fund using mathematical models and algorithms for investment decisions without human bias, part of DSP's systematic investing approach. Targeted at investors seeking factor/quantitative-based equity exposure.
• DSP Silver ETF Fund of Fund Domestic Fund of Fund providing exposure to silver through SilverBees ETF, with reported returns of 102.46% and 57,210 investors. Targeted at investors seeking commodity (silver) allocation within diversified portfolios.
• DSP Multi Asset Omni Fund of Funds Multi-manager fund of funds using DSP Netra framework to dynamically allocate across equity, debt, and commodity schemes with flexible bands of 25-75% equity, 15-50% debt, and 10-50% gold/silver ETFs based on market conditions. Launched in February 2026. Targeted at investors seeking dynamic multi-asset allocation.
• DSP IFAXpress Distributor Platform Digital transaction platform and MIS system for mutual fund distributors enabling purchase, switch, redemption, SIP, and STP transactions with business analytics and reporting capabilities. Serves 52,000+ MF distributors enabling client portfolio management at scale.
• DSP Nifty FMCG ETF ETF tracking the Nifty FMCG Index comprising 15 listed FMCG companies in India. Targeted at investors seeking passive exposure to the Indian FMCG sector through a low-cost, exchange-traded vehicle.
• DSP Nifty 500 Index Fund Passive index fund tracking the Nifty 500 Index, covering top 500 listed companies representing over 90% of listed market capitalization. Targeted at investors seeking broad market-cap diversified exposure at low cost.
• DSP Nifty Next 50 ETF Exchange-traded fund tracking the Nifty Next 50 Index comprising companies ranked 51-100 by market capitalization within the Nifty 100 universe. Targeted at investors seeking exposure to large-cap emerging leaders.
• DSP BSE Sensex Next 30 Index Fund Index fund tracking the BSE Sensex Next 30 Index. Targeted at investors seeking exposure to the next tier of large-cap constituents within the BSE Sensex universe.
• DSP BSE Sensex Next 30 ETF Exchange-traded fund tracking the BSE Sensex Next 30 Index. Targeted at investors seeking exchange-traded exposure to large-cap next-tier constituents.

Quantifiable outcome

• DSP India T.I.G.E.R Fund delivered 26.0% CAGR over 3 years, leading infrastructure sectoral funds
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered minor and core.

• PB Fintech (PolicyBazaar)minorOthers · 6 March 2026PB Fintech parent company PolicyBazaar is listed as a significant portfolio company where DSP Mutual Fund acquired shares worth ₹46.73 crore during Tencent's stake sale block deal. This represents an investment position rather than a strategic business partnership.
• CAMS (Computer Age Management Services)coreImplementation/ SI/ Consulting PartnerCAMS provides investor servicing, KYC processing, transaction handling, and account management services for DSP Mutual Fund's 63 lakh investors across India.
• National Securities Depositories Limited (NSDL)coreTechnology or IntegrationNSDL provides demat and settlement services for DSP Mutual Fund's investor transactions and holdings.
• Central Depository Services Limited (CDSL)coreTechnology or IntegrationCDSL provides demat services for DSP Mutual Fund's investor holdings and transaction settlement infrastructure.
• Zee BusinessminorGTM or Marketing PartnerPartnership for SIP ke Champions campaign honoring mutual fund distributors, positioning DSP as an industry thought leader while reaching Zee Business's viewer base.
• YouGovminorStrategic or Co-development PartnerJoint research partnership for Winvestor Pulse survey studying women investor behavior and financial planning trends in India.

Scale indicators7 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• ICICI Prudential Mutual Fund: Top-3 Indian AMC offering 100+ schemes across equity, debt, hybrid and passive — DSP's CIO Anish Tawakley was previously Co-CIO Equities here, and ICICI Prudential competes head-to-head on active equity and ELSS.
• Nippon Life India Asset Management: Listed Indian AMC with ~₹5 trillion AUM offering equity, debt, ETF, and FoF products — directly comparable scale and product mix to DSP, especially in passive and multi-asset strategies.
• SBI Mutual Fund: Largest Indian AMC by AUM, leveraging SBI's pan-India branch network for distribution — directly competes with DSP across equity, debt, ELSS, and passive categories, particularly for retail SIP inflows.
• UTI Mutual Fund: Large Indian AMC offering 200+ schemes including flagship equity, debt and balanced funds — directly comparable scale, product breadth, and retail distributor network to DSP.
• HDFC Mutual Fund: One of India's largest AMCs by AUM (₹7+ trillion), offering equity, debt, hybrid and passive funds distributed heavily through HDFC Bank — directly comparable as a full-service Indian mutual fund competitor with similar product breadth.
• Kotak Mahindra Mutual Fund: Bank-affiliated Indian AMC competing on active equity, debt and passive products — directly comparable distribution model and product breadth to DSP.
• Axis Mutual Fund: Bank-affiliated Indian AMC with full-spectrum equity, debt, hybrid, and passive offerings — directly comparable peer where DSP's new Head of Institutional Sales previously worked at parent Axis Bank.
• Aditya Birla Sun Life Mutual Fund: Top-10 Indian AMC with diversified equity, debt, hybrid and solution-oriented schemes — comparable mid-tier full-service competitor to DSP across retail and institutional segments.

Broad incumbents

• Franklin Templeton India: Global asset manager's India arm offering equity, debt and hybrid mutual funds — broader parent organization provides international research depth that DSP NETRA aims to match domestically.

Emerging players

• Motilal Oswal Mutual Fund: Mid-size Indian AMC known for focused active equity and passive/index strategies (Nifty 50, Next 50, Smallcap) — directly competes with DSP's expanding passive and sectoral fund launches.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/dspmf
• YouTubeyoutube.com/channel/UC8D0OhZKnAbbFhFP6362tTw
• LinkedInlinkedin.com/company/dspmf
• Instagraminstagram.com/dspmutualfund/?hl=en

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments12 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about DSP Mutual Fund