DSP BSE Sensex Next 30 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 16, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
DSP BSE Sensex Next 30 Index Fund Direct Growth Plan has a NAV of ₹11.8654 as of 15 Sep 2026 and a scheme AUM of ₹26 Cr. Its 1-year, 3-year and 5-year returns are 7.33%, 0% and 0%, and the risk label is High Risk. Our view is that this is a portfolio for investors who want index-style exposure to the Next 30 basket and can handle a volatile ride rather than a smooth compounding path.
The fund is still young, launched on 30 Jan 2025, so the longer-return history is limited. The available benchmark behaviour and the recent return pattern suggest a fund that has moved around meaningfully in the short run, which matters if you are comparing it against more established equity options.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹11.8654 as of 15 Sep 2026 |
| AUM | ₹26 Cr |
| Expense Ratio | 0.25% |
| Launch Date | 30 Jan 2025 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Index Funds |
| 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 15 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -5.22% | -4.81% |
| 3M | -1.38% | -3.63% |
| 1Y | 7.33% | -8.27% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The short-term picture has been uneven. Over 1 month, the fund fell more than the benchmark, while the 3-month period shows a smaller decline than the benchmark. That pattern tells us the fund has not moved in a straight line, but it has also not been uniformly weaker than the benchmark across every recent window.
The 1-year return is the clear bright spot. The fund posted a positive 7.33% return while the benchmark was negative over the same period, which indicates meaningful divergence in favour of the fund over the last year. For a scheme that launched in early 2025, that contrast is more useful than any longer-horizon comparison, because the longer figures are not yet available.
The daily pattern behind these numbers also points to choppiness rather than steady drift. The 1-year series shows several phases of drawdown and recovery, so the result has not come from a smooth rise. For investors, that means the fund can deliver periods of resilience, but the path can still feel volatile in the near term.
As a benchmarked equity index fund, the main question is not whether it can look different from the market, but whether it can do so consistently. On the available history, the answer is mixed: the fund has outpaced the benchmark over 1 year, yet the last few months have been softer and should not be read as a stable trend.
Source data date: as of 15 Sep 2026
Should you BUY or HOLD DSP BSE Sensex Next 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 BSE Sensex Next 30 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| DSP BSE Sensex Next 30 Index Fund Direct Growth Plan | 7.33% | Data not available | Data not available |
| ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan | 32.61% | 29.92% | Data not available |
| Tata Nifty Capital Markets Index Fund Direct Growth Plan | 25.91% | Data not available | Data not available |
| Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan | 21.71% | Data not available | Data not available |
| Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan | 20.15% | Data not available | Data not available |
| ICICI Pru Nifty Pharma Index Fund Direct Growth Plan | 18.11% | 18.92% | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The fund’s 1-year return trails the stronger peer figures in this set, while its own 3-year and 5-year figures are not available because the scheme history is still short. That makes the comparison uneven: on the available one-year numbers, several peers have clearly stronger momentum, but the longer history for some peers also shows that short-term strength does not always stay linear.
In practical terms, the fund’s recent profile is less compelling than the more growth-oriented peer examples here, yet it still compares better than its own benchmark over the last year. The key takeaway is that the short-term story is weaker than the best peer numbers, while the benchmark comparison still shows that the fund has at least done better than the market over the same 1-year window.
Source data date: as of 15 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Shriram Finance Limited | Finance | 7.09% |
| Hindalco Industries Limited | Non – Ferrous Metals | 5.44% |
| Bajaj Auto Limited | Automobile & Ancillaries | 4.78% |
| Grasim Industries Limited | Diversified | 4.62% |
| JSW Steel Limited | Iron & Steel | 4.54% |
| Divi’S Laboratories Limited | Healthcare | 4.39% |
| Eicher Motors Limited | Automobile & Ancillaries | 4.06% |
| Nestle India Limited | FMCG | 3.91% |
| TVS Motor Co Limited | Automobile & Ancillaries | 3.75% |
| Adani Enterprises Limited | Trading | 3.65% |
The largest holding, Shriram Finance Limited, stands at 7.09%, which is meaningful but not overpowering on its own. The next positions remain fairly close together, with several holdings in the 4% to 5% range, so the portfolio does not depend on a single dominant name.
The drop from the first holding to the tenth holding is only a little over three percentage points, which suggests the top slice is relatively balanced. That kind of spread may reduce dependence on one stock, but it also means the fund’s outcomes are likely to reflect the broader behaviour of the selected Next 30 basket rather than a few standout positions.
The top 10 holdings account for approximately 46.23% of the portfolio, and there are 30 disclosed holdings overall. That combination suggests moderate concentration at the top with a longer tail beneath it, so individual positions may matter, but the fund still appears diversified across a reasonably broad set of holdings.
To see all holdings, visit the DSP BSE Sensex Next 30 Index Fund Direct Growth Plan page
Source data date: as of 15 Sep 2026
Who should invest
This fund suits investors who are comfortable with High Risk exposure and can tolerate near-term ups and downs. The 1-year return is positive, but the 1-month and 3-month figures show that the path has been choppy, so a short holding period would not be the right frame for judging it.
It is better aligned with investors who can stay invested through volatility and are looking for index-style participation in a relatively narrow equity basket. The main trade-off is that the fund can behave unevenly in the short run even when longer stretches look better, so patience matters more than timing.
Because the scheme is young, the available longer-horizon history is limited, which makes it most relevant for investors who understand that recent performance is only a partial guide. The benchmark comparison and the fund’s own return pattern suggest that this is more of a tracking-and-cycling equity exposure than a defensive holding.
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 |
No exit load applies.
Source data date: as of 15 Sep 2026
Frequently asked questions
What is the current NAV of DSP BSE Sensex Next 30 Index Fund Direct Growth Plan?
The current NAV is ₹11.8654 as of 15 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 7.33%, while the 3-year and 5-year returns are Data not available.
How has the fund performed against its benchmark?
Over 1 year, the fund has returned 7.33% versus -8.27% for the benchmark. Over 1 month and 3 months, both the fund and benchmark were negative, with the fund doing better over 3 months and worse over 1 month.
How does it compare with the peer funds listed here?
Its 1-year return is below the stronger peer figures shown in the comparison table. Some peers also have 3-year figures available, but the fund itself does not yet have a longer return history.
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. No exit load applies.
Bottom line
This fund’s recent performance is better than its benchmark over 1 year, but the shorter windows have been uneven and the longer return history is still unavailable. Compared with the peer set shown here, the one-year number is less competitive, which makes the fund look more like a niche equity index option than a standout short-term performer. The High Risk label, 30-stock structure and moderately concentrated top holdings all point to a fund for investors who can accept volatility in exchange for targeted market exposure.
Published on 16 September 2026 at 10:03 AM IST
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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.