Is DSP Top 100 equity fund in your portfolio?

DSP Top 100 equity mutual fund has caught the fancy of investors consistently with its out-performance over the last few years. Among the list of equity large cap funds that people are investing in, it stands tall.

The fund is best suited for conservative investors who expect consistent returns while keeping risk under control over a period of time. It’s probably a fund that needs to be in every portfolio.

Today we intend to look at it in detail to find out what makes it so spectacular and why it’s being recommended by so many financial planners. We will look at the equity fund’s regular plan, it’s growth, NAV and other details.

Read on the DSP Top 100 equity fund review to find out why you should consider it while you do your financial planning.

DSP Top 100 Equity Fund Details

DSP BlackRock Top 100 equity mutual fund aims to generate capital from the 100 largest corporates (by market capitalization) which are listed on either the BSE or NSE.

Here are the details of the equity mutual fund.

1. Type of Fund : Open ended equity large cap
2. Launched on : February 2003
3. Bench mark : BSE 100
4. Net Assets : Rs 2970 crore
5. NAV : 94.20
6. Returns since launch : 30 %

How much does the fund cost ?

The costings are pretty much the same as of other equity diversified mutual funds.

1. Minimum investment : Rs 5,000/-
2. Minimum SIP amount : Rs 500/-
3. Entry Load : None
4. Exit Load : 1% is exited within a year
5. Expense Ratio : 1.85%

Performance of DSP top 100 Equity Fund

Here are the last 5 years returns of the mutual fund. Except for one year, the mutual fund beat it’s category average each year.

If you have a look at the returns over the last 1, 3, 5 years you will realize that over a period of 5 years, it has delivered 13.75 % which is not at all bad.

Portfolio

The asset mix consists of around 97% equity and the rest 3% cash.

The top 5 sectors where the mutual fund has parked its money are as below :

Note that this is a fund which invests in large caps. Large-cap funds are those that invest 80% or more of their assets in large-cap stocks. Stocks accounting for the top 70% of the market capitalization of the BSE are classified as large cap stocks.

Who is this fund for and should you buy it ?

With a low risk and an above average return, this mutual fund is for those who want to take an exposure to the stock market for the long term in a safe manner.

A large cap fund with a consistently good track record since the time it was launched should be enough reason for you to get interested. Remember that the portfolio consists of blue chip stocks which are essentially the largest corporations listed on the stock market with a stellar management and good performance.

This should qualify as a core holding of your portfolio as it has the ability to deliver stupendous returns when the stock market goes up and cushion the fall in case of a downturn. It can easily align to your long term goals and meet them as well.

The fund manager has been with the fund since the last 5 years. Apoorva Shah brings with him some credibility with a robust past experience and a degree from IIM Ahmedabad.

And here is the clincher – compared to its peers (other large cap equity funds) since launch, it has performed the best. Have a look at the below peer mutual funds with percentage returns.

Do you have this equity mutual fund in your portfolio and do you think it’s a good one ?