DSP Nifty500 Flexicap Quality 30 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 17, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
DSP Nifty500 Flexicap Quality 30 Index Fund Direct Growth Plan has an NAV of ₹9.3346 as of 16 Sep 2026 and scheme AUM of ₹203 Cr. Its 1-year, 3-year and 5-year returns are -10.27%, 0% and 0%, and the scheme sits in the High Risk bucket. Our view is that it suits investors who can live with sharp swings and want a portfolio that is built around selected quality names, but the short operating history and weak recent return profile call for a cautious approach.
The fund has a low expense ratio and a concentrated top-holdings profile, so the portfolio structure is easy to read. The main question is not whether the scheme is simple to follow, but whether an investor is comfortable with a recent drawdown and a benchmark that has also been weak over the same periods.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹9.3346 as of 16 Sep 2026 |
| AUM | ₹203 Cr |
| Expense Ratio | 0.3% |
| Launch Date | 29 Aug 2025 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Exit Load | No exit load |
| Fund Managers | Anil Ghelani, Diipesh Shah, Neha Rathi |
The fund is managed by Anil Ghelani, Diipesh Shah and Neha Rathi.
Source data date: as of 16 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -6.08% | -4.41% |
| 3M | -2.28% | -3.6% |
| 1Y | -10.27% | -7.76% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The recent pattern has been mixed. Over 1 month, the fund has lagged the benchmark, which tells us the latest stretch has been tougher for the scheme than for NIFTY 50. Over 3 months, the gap narrows and the fund is closer to the benchmark, though still behind on a short-term basis.
The 1-year figure remains the more important comparison point here because the scheme is still young. On that measure, the fund is weaker than the benchmark, which suggests that its quality-focused flexicap structure has not yet translated into a steadier return profile.
We would not read too much into the missing 3-year and 5-year figures, because the launch date limits the available history. Even so, the current record shows a fund that has moved through a difficult first phase, with only partial short-term recovery and no longer-term track record yet to confirm a smoother compounding path.
The benchmark has also been weak, but the fund has generally been softer than that reference line across the available periods. That means the scheme has not merely followed the same direction; it has also given up a little more ground than the benchmark in the periods where both can be compared.
Source data date: as of 16 Sep 2026
Should you BUY or HOLD DSP Nifty500 Flexicap Quality 30 Index?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding DSP Nifty500 Flexicap Quality 30 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| DSP Nifty500 Flexicap Quality 30 Index Fund Direct Growth Plan | -10.27% | Data not available | Data not available |
| Baroda BNP Paribas Gold ETF FoF Direct Growth Plan | 34.39% | Data not available | Data not available |
| HDFC Innovation Fund Direct Growth Plan | 14.3% | Data not available | Data not available |
| Bajaj Finserv Small Cap Fund Direct Growth Plan | 13.33% | Data not available | Data not available |
| Quant Equity Savings Fund Direct Growth Plan | 8.75% | Data not available | Data not available |
| Kotak Active Momentum Fund Direct Growth Plan | 6.31% | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the 1-year measure, the fund trails every peer listed here, while the gap is especially visible versus the stronger positive-return funds. Because the 3-year and 5-year fields are not yet available for the peer set, the comparison is mostly about near-term behaviour rather than long-term persistence.
That creates a clear short-term story: the fund has not yet matched the stronger recent pace shown by several peers. The longer view is less conclusive because the available peer history is also sparse, so the main takeaway is that the fund has to prove itself beyond its early return cycle.
Source data date: as of 16 Sep 2026
Want to know more? Log in to Univest for more mutual fund insights.
Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Coforge Limited | IT | 4.17% |
| Apl Apollo Tubes Limited | Iron & Steel | 3.98% |
| Sona BLW Precision Forgings Limited | Automobile & Ancillaries | 3.93% |
| Karur Vysya Bank Limited | Bank | 3.74% |
| HCL Technologies Limited | IT | 3.62% |
| Hero Motocorp Limited | Automobile & Ancillaries | 3.6% |
| Dixon Technologies (India) Limited | Consumer Durables | 3.58% |
| Tech Mahindra Limited | IT | 3.53% |
| Persistent Systems Limited | IT | 3.51% |
| Tata Consultancy Services Limited | IT | 3.51% |
The largest holding, Coforge Limited, carries a weight of 4.17%, which is meaningful but not outsized by itself. The gap from the first holding to the tenth is modest rather than dramatic, because the tenth holding still sits at 3.51% and the full top-10 list stays in a fairly tight band.
That pattern suggests the fund is not dependent on one very large bet. Instead, the visible holdings are spread across several individual names in IT, industrials, financials and consumer-linked businesses, which may reduce reliance on any single stock move.
The top 10 holdings together account for approximately 37.17% of the portfolio, and the scheme discloses 30 holdings in total. That combination points to a portfolio that is concentrated enough for the leading names to matter, but still broad enough that the remaining positions could also have a meaningful role.
To see all holdings, visit the DSP Nifty500 Flexicap Quality 30 Index Fund Direct Growth Plan page
Source data date: as of 16 Sep 2026
Who should invest
This fund fits investors who are comfortable with High Risk and can stay invested long enough to ride through weaker stretches. The available return history shows a difficult early period, so a short horizon is unlikely to suit the scheme well.
Our view is that it makes more sense for someone who can tolerate volatility in exchange for exposure to a quality-oriented flexicap basket. The key trade-off is simple: you get a focused stock selection approach and low stated cost, but you must accept that early performance has lagged the benchmark and has not yet built a convincing longer record.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: No exit load.
Source data date: as of 16 Sep 2026
Frequently asked questions
What is the current NAV of DSP Nifty500 Flexicap Quality 30 Index Fund Direct Growth Plan?
Its NAV is ₹9.3346 as of 16 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year return is -10.27%, while the 3-year and 5-year returns are not yet available as meaningful track records for this scheme.
How has the fund done against NIFTY 50?
It has trailed NIFTY 50 in the available periods. The fund’s 1-month, 3-month and 1-year returns are weaker than the benchmark’s figures for those same periods.
How does it compare with the peer funds listed here?
Its 1-year return is lower than every peer shown in the comparison table. The longer-period comparison is limited because 3-year and 5-year figures are not available for the peers shown.
What is the minimum SIP amount?
The minimum SIP amount is ₹100.
Who manages the fund and what is the exit load?
The fund is managed by Anil Ghelani, Diipesh Shah and Neha Rathi. It has no exit load.
Bottom line
This fund’s early record is weaker than its benchmark across the available periods, and the 1-year figure also trails the peer set shown here. That makes the current story more about proving resilience than about showcasing a completed track record.
Its High Risk profile, low stated expense ratio and fairly even spread across the largest holdings may appeal to investors who want a concentrated quality-oriented flexicap approach and can hold through volatility. The main caution is that the scheme is still young, so the evidence for longer-term compounding remains limited.
Published on 17 September 2026 at 11:17 AM IST
Explore mutual funds with Univest
Review mutual fund data, compare performance and explore fund insights on Univest.
RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.