{"id":224053,"date":"2026-08-31T13:22:25","date_gmt":"2026-08-31T07:52:25","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/dsp-flexi-cap-fund-direct-growth-review-2026\/"},"modified":"2026-09-09T13:20:12","modified_gmt":"2026-09-09T07:50:12","slug":"dsp-flexi-cap-fund-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/dsp-flexi-cap-fund-direct-growth-review-2026\/","title":{"rendered":"DSP Flexi Cap Fund Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/dsp-flexi-cap-fund-g-direct-plan\">DSP Flexi Cap Fund Direct Growth Plan<\/a> has a current NAV of \u20b9115.058 as of 08 Sep 2026 and scheme assets of \u20b912,422 Cr. Its 1-year, 3-year and 5-year returns are 1.74%, 10.87% and 9.78%, and the fund sits in the High Risk bucket. Our view is that it has delivered a mixed experience: the longer-term record is steadier than the latest 1-year outcome, while the portfolio still carries meaningful bank exposure that can help on participation in financials but also keeps the fund tied to market swings.<\/p>\n<p>The combination of a direct growth structure, a 0.61% expense ratio and a diversified flexi-cap mandate makes it more relevant for investors who can stay invested through uneven stretches rather than those looking for smooth short-term outcomes.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/dsp-flexi-cap-fund-direct-growth-review-2026\/#Quick_facts\" title=\"Quick facts\">Quick facts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/dsp-flexi-cap-fund-direct-growth-review-2026\/#Performance\" title=\"Performance\">Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/dsp-flexi-cap-fund-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_DSP_Flexi_Cap\" title=\"Should you BUY or HOLD DSP Flexi Cap?\">Should you BUY or HOLD DSP Flexi Cap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/dsp-flexi-cap-fund-direct-growth-review-2026\/#Peer_comparison\" title=\"Peer comparison\">Peer comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/dsp-flexi-cap-fund-direct-growth-review-2026\/#Portfolio_where_your_money_goes\" title=\"Portfolio: where your money goes\">Portfolio: where your money goes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/dsp-flexi-cap-fund-direct-growth-review-2026\/#Who_should_invest\" title=\"Who should invest\">Who should invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/dsp-flexi-cap-fund-direct-growth-review-2026\/#Tax_and_exit_load\" title=\"Tax and exit load\">Tax and exit load<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/dsp-flexi-cap-fund-direct-growth-review-2026\/#Frequently_asked_questions\" title=\"Frequently asked questions\">Frequently asked questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/dsp-flexi-cap-fund-direct-growth-review-2026\/#What_is_the_current_NAV_of_DSP_Flexi_Cap_Fund_Direct_Growth_Plan\" title=\"What is the current NAV of DSP Flexi Cap Fund Direct Growth Plan?\">What is the current NAV of DSP Flexi Cap Fund Direct Growth Plan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/dsp-flexi-cap-fund-direct-growth-review-2026\/#What_are_the_funds_1-year_3-year_and_5-year_returns\" title=\"What are the fund\u2019s 1-year, 3-year and 5-year returns?\">What are the fund\u2019s 1-year, 3-year and 5-year returns?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/dsp-flexi-cap-fund-direct-growth-review-2026\/#How_does_the_fund_compare_with_the_benchmark\" title=\"How does the fund compare with the benchmark?\">How does the fund compare with the benchmark?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/dsp-flexi-cap-fund-direct-growth-review-2026\/#How_does_it_compare_with_peer_funds_on_recent_returns\" title=\"How does it compare with peer funds on recent returns?\">How does it compare with peer funds on recent returns?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/dsp-flexi-cap-fund-direct-growth-review-2026\/#Is_there_an_exit_load\" title=\"Is there an exit load?\">Is there an exit load?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/dsp-flexi-cap-fund-direct-growth-review-2026\/#Who_manages_the_fund\" title=\"Who manages the fund?\">Who manages the fund?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/dsp-flexi-cap-fund-direct-growth-review-2026\/#Bottom_line\" title=\"Bottom line\">Bottom line<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/dsp-flexi-cap-fund-direct-growth-review-2026\/#Explore_mutual_funds_with_Univest\" title=\"Explore mutual funds with Univest\">Explore mutual funds with Univest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/dsp-flexi-cap-fund-direct-growth-review-2026\/#RIA_disclosure\" title=\"RIA disclosure\">RIA disclosure<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Quick_facts\"><\/span>Quick facts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Particular<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>NAV<\/td>\n<td>\u20b9115.058 as of 08 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b912,422 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.61%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>01 Jan 2013<\/td>\n<\/tr>\n<tr>\n<td>Min SIP<\/td>\n<td>\u20b9100<\/td>\n<\/tr>\n<tr>\n<td>Risk Category<\/td>\n<td>High Risk<\/td>\n<\/tr>\n<tr>\n<td>Benchmark<\/td>\n<td>Nifty 50<\/td>\n<\/tr>\n<tr>\n<td>Fund Category<\/td>\n<td>Equity<\/td>\n<\/tr>\n<tr>\n<td>Exit Load<\/td>\n<td>1% on or before 12M, Nil after 12M<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>Bhavin Gandhi<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Bhavin Gandhi.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 08 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Performance\"><\/span>Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Fund return<\/th>\n<th>Benchmark return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1M<\/td>\n<td>-3.25%<\/td>\n<td>-3.86%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>4.57%<\/td>\n<td>1.69%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>1.74%<\/td>\n<td>-5.72%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>10.87%<\/td>\n<td>6.3%<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>9.78%<\/td>\n<td>6.05%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The latest short-term reading is softer than the mid-term picture, but it is still better than the benchmark over the same window. The fund fell in the 1-month period, yet the decline was less severe than the benchmark\u2019s drop, which suggests it held up somewhat better in a weak stretch. Over 3 months, the fund moved ahead of the benchmark by a wider margin, so the recent phase is not uniformly weak.<\/p>\n<p>That said, the 1-year return of 1.74% is well below the 3-year and 5-year numbers, so the recent period has clearly been harder than the longer run. The 3-year return of 10.87% and 5-year return of 9.78% show that the fund has compounded at a moderate pace over fuller market cycles. The gap versus the benchmark also matters: the benchmark has lagged the fund over 3 years and 5 years, but the benchmark\u2019s own 1-year return is negative, which makes the fund\u2019s low positive 1-year outcome look better on a relative basis than on an absolute one.<\/p>\n<p>Our interpretation is that this is not a smooth-return fund. It has shown the ability to stay ahead of the benchmark over longer windows, but shorter stretches can still be uneven. For investors, that means the most useful lens is not one month or one year in isolation; it is the fund\u2019s ability to recover and compound over time.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 08 Sep 2026<\/small><\/p>\n<section class=\"univest-mf-premium-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;border:1px solid #d8e3f0;background:#f7faff\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Should_you_BUY_or_HOLD_DSP_Flexi_Cap\"><\/span>Should you BUY or HOLD DSP Flexi Cap?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A fund&#8217;s past returns alone don&#8217;t tell you whether you should buy it today or continue holding it.<\/p>\n<p>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.<\/p>\n<p><strong>Already holding DSP Flexi Cap? Thinking of investing now?<\/strong><\/p>\n<p><a href=\"https:\/\/univest.in\/mutual-funds\" style=\"font-weight:700;text-decoration:none\">Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium<\/a><\/p>\n<\/section>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Peer_comparison\"><\/span>Peer comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Fund<\/th>\n<th>1Y return<\/th>\n<th>3Y return<\/th>\n<th>5Y return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/dsp-flexi-cap-fund-g-direct-plan\">DSP Flexi Cap Fund Direct Growth Plan<\/a><\/td>\n<td>1.74%<\/td>\n<td>10.87%<\/td>\n<td>9.78%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/iti-flexi-cap-fund-g-direct-plan\">ITI Flexi Cap Fund Direct Growth Plan<\/a><\/td>\n<td>15.92%<\/td>\n<td>18.62%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/bank-of-india-flexi-cap-fund-g-direct-plan\">Bank of India Flexi Cap Fund Direct Growth Plan<\/a><\/td>\n<td>15.04%<\/td>\n<td>19.51%<\/td>\n<td>17.07%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/navi-flexi-cap-fund-g-direct-plan\">Navi Flexi Cap Fund Direct Growth Plan<\/a><\/td>\n<td>12.89%<\/td>\n<td>11.42%<\/td>\n<td>11.86%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/lic-mf-multi-cap-fund-g-direct-plan\">LIC MF Multi Cap Fund Direct Growth Plan<\/a><\/td>\n<td>12.33%<\/td>\n<td>18.1%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/trustmf-flexi-cap-fund-g-direct-plan\">TRUSTMF Flexi Cap Fund Direct Growth Plan<\/a><\/td>\n<td>11.87%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. The fund\u2019s 1-year return is far below the strongest peer readings in the list, even though its 3-year and 5-year figures are more respectable. That creates a split picture: the recent period looks subdued, but the longer horizon is less weak than the short-run number suggests.<\/p>\n<p>Against peers with available longer-term data, the fund\u2019s 3-year return trails the better-performing names in the table, while the 5-year return also sits below the stronger multi-year outcomes. At the same time, some peers have missing 5-year or 3-year figures, so the cleanest reading is that DSP\u2019s longer-term record is serviceable, not standout, and the recent return gap is the clearest weakness.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 08 Sep 2026<\/small><\/p>\n<div class=\"univest-peer-login-cta\" style=\"margin:20px 0;padding:16px 18px;border:1px solid #d8e3f0;border-radius:8px;background:#f7faff\">\n<p style=\"margin:0\"><strong>Want to know more?<\/strong> <a href=\"https:\/\/univest.in\/user\/log-in\" style=\"font-weight:700;text-decoration:none\">Log in to Univest<\/a> for more mutual fund insights.<\/p>\n<\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Portfolio_where_your_money_goes\"><\/span>Portfolio: where your money goes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding<\/th>\n<th>Sector<\/th>\n<th>Weight<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>ICICI Bank Ltd<\/td>\n<td>Bank<\/td>\n<td>9.5%<\/td>\n<\/tr>\n<tr>\n<td>HDFC Bank Ltd<\/td>\n<td>Bank<\/td>\n<td>8.52%<\/td>\n<\/tr>\n<tr>\n<td>Axis Bank Ltd<\/td>\n<td>Bank<\/td>\n<td>4.63%<\/td>\n<\/tr>\n<tr>\n<td>TREPS \/ Reverse Repo Investments<\/td>\n<td>Cash &amp; Cash Equivalents and Net Assets<\/td>\n<td>4.56%<\/td>\n<\/tr>\n<tr>\n<td>Mahindra &amp; Mahindra Ltd<\/td>\n<td>Automobile &amp; Ancillaries<\/td>\n<td>4.46%<\/td>\n<\/tr>\n<tr>\n<td>State Bank of India<\/td>\n<td>Bank<\/td>\n<td>3.47%<\/td>\n<\/tr>\n<tr>\n<td>Bharti Airtel Ltd<\/td>\n<td>Telecom<\/td>\n<td>3.01%<\/td>\n<\/tr>\n<tr>\n<td>Bajaj Finance Ltd<\/td>\n<td>Finance<\/td>\n<td>3%<\/td>\n<\/tr>\n<tr>\n<td>Cholamandalam Investment and Finance Co Ltd<\/td>\n<td>Finance<\/td>\n<td>2.6%<\/td>\n<\/tr>\n<tr>\n<td>Coforge Ltd<\/td>\n<td>IT<\/td>\n<td>2.39%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The top holding, ICICI Bank Ltd, accounts for 9.5% of the portfolio, so no single line item dominates the fund on its own. The drop from the first holding to the tenth is gradual rather than abrupt, which suggests the portfolio is built around a cluster of meaningful positions instead of one or two outsized bets.<\/p>\n<p>The top 10 holdings account for approximately 46.14% of the portfolio, and the full holding list runs to 51 names. That combination points to a moderate level of concentration in the visible positions, but not an extremely narrow portfolio. Banks take up several of the largest slots, so financials are likely to have a noticeable influence on returns, while the rest of the book may help spread the risk across sectors.<\/p>\n<p>Because the disclosed holdings extend beyond the top 10, the tail of smaller positions still matters. Our reading is that this structure may cushion the impact of any one stock, yet the portfolio can still move meaningfully with the banking and finance space.<\/p>\n<p>To see all holdings, visit the <a href=\"https:\/\/univest.in\/mutual-funds\/dsp-flexi-cap-fund-g-direct-plan\">DSP Flexi Cap Fund Direct Growth Plan<\/a> page<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 08 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_should_invest\"><\/span>Who should invest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This fund fits investors who can tolerate High Risk and who are comfortable with uneven short-term outcomes in exchange for a longer investment horizon. The return pattern says the fund has done better over 3-year and 5-year windows than over the latest 1-year stretch, so it is more suitable for patient capital than for money needed soon.<\/p>\n<p>Compared with the benchmark, the fund has shown better longer-term numbers, but the recent 1-year outcome is modest and much weaker than several peer funds with available data. That trade-off matters: investors may accept a period of lagging returns if they want exposure to a flexi-cap strategy with a sizable banking tilt and room to participate across market segments.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Tax_and_exit_load\"><\/span>Tax and exit load<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding period<\/th>\n<th>Tax rate<\/th>\n<th>Description<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Units held less than 1 year<\/td>\n<td>20%<\/td>\n<td>Short-term capital gains tax<\/td>\n<\/tr>\n<tr>\n<td>Units held more than 1 year<\/td>\n<td>12.5%<\/td>\n<td>Long-term capital gains tax<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Exit load applies at 1% if units are sold within 12 months, and it is nil after 12 months.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 08 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Frequently_asked_questions\"><\/span>Frequently asked questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_is_the_current_NAV_of_DSP_Flexi_Cap_Fund_Direct_Growth_Plan\"><\/span>What is the current NAV of DSP Flexi Cap Fund Direct Growth Plan?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The current NAV is \u20b9115.058 as of 08 Sep 2026.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_are_the_funds_1-year_3-year_and_5-year_returns\"><\/span>What are the fund\u2019s 1-year, 3-year and 5-year returns?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The 1-year return is 1.74%, the 3-year return is 10.87% and the 5-year return is 9.78%.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_does_the_fund_compare_with_the_benchmark\"><\/span>How does the fund compare with the benchmark?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It has outpaced the benchmark over 3 years and 5 years, and it has also done better than the benchmark over 1 month, 3 months and 1 year. The edge is clearer over longer periods than in the latest year.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_does_it_compare_with_peer_funds_on_recent_returns\"><\/span>How does it compare with peer funds on recent returns?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Its 1-year return is well below the stronger peer figures shown here, while its 3-year and 5-year numbers are more moderate. The recent gap versus several peers is the most noticeable difference.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Is_there_an_exit_load\"><\/span>Is there an exit load?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Yes. Exit load is 1% if units are sold within 12 months, and nil after 12 months.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_manages_the_fund\"><\/span>Who manages the fund?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The fund is managed by Bhavin Gandhi.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Bottom_line\"><\/span>Bottom line<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>DSP Flexi Cap Fund Direct Growth Plan has a mixed short-term record but a steadier longer-term profile, with 3-year and 5-year returns that sit above the benchmark. It does not match the stronger peer readings in the recent year, yet the longer runway looks more balanced than the latest period alone suggests. The fund\u2019s High Risk tag and bank-heavy top holdings mean it can move with financials and broader equity sentiment. That makes it more suitable for investors who can accept volatility and wait through weaker stretches.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 9 September 2026 at 1:19 PM IST<\/p>\n<section class=\"univest-login-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;background:#eef5ff;border:1px solid #cddff7;text-align:center\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Explore_mutual_funds_with_Univest\"><\/span>Explore mutual funds with Univest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Review mutual fund data, compare performance and explore fund insights on Univest.<\/p>\n<p><a href=\"https:\/\/univest.in\/user\/log-in\" style=\"display:inline-block;padding:11px 20px;border-radius:6px;background:#1f4e79;color:#fff !important;text-decoration:none;font-weight:700\">Explore Univest<\/a><\/p>\n<\/section>\n<section class=\"univest-disclaimer\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"RIA_disclosure\"><\/span>RIA disclosure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<\/section>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"InvestmentFund\",\"name\":\"DSP Flexi Cap Fund Direct Growth Plan\",\"identifier\":\"dsp-flexi-cap-fund-g-direct-plan\",\"category\":\"Equity\",\"dateCreated\":\"01 Jan 2013\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":115.058,\"valueReference\":\"as of 08 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"12422 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.61\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty 50\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":1.74},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":10.87},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":9.78},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Bhavin Gandhi\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of DSP Flexi Cap Fund Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The current NAV is \u20b9115.058 as of 08 Sep 2026.\"}},{\"@type\":\"Question\",\"name\":\"What are the fund\u2019s 1-year, 3-year and 5-year returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The 1-year return is 1.74%, the 3-year return is 10.87% and the 5-year return is 9.78%.\"}},{\"@type\":\"Question\",\"name\":\"How does the fund compare with the benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It has outpaced the benchmark over 3 years and 5 years, and it has also done better than the benchmark over 1 month, 3 months and 1 year. The edge is clearer over longer periods than in the latest year.\"}},{\"@type\":\"Question\",\"name\":\"How does it compare with peer funds on recent returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its 1-year return is well below the stronger peer figures shown here, while its 3-year and 5-year numbers are more moderate. The recent gap versus several peers is the most noticeable difference.\"}},{\"@type\":\"Question\",\"name\":\"Is there an exit load?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes. Exit load is 1% if units are sold within 12 months, and nil after 12 months.\"}},{\"@type\":\"Question\",\"name\":\"Who manages the fund?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund is managed by Bhavin Gandhi.\"}}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Organization\",\"name\":\"Uniapps Investment Adviser Pvt. Ltd.\",\"description\":\"SEBI Registered Investment Adviser INA000017639\"}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DSP Flexi Cap Fund Direct Growth Plan stands at \u20b9115.058 NAV as of 08 Sep 2026, with 1.74% 1Y, 10.87% 3Y and 9.78% 5Y returns.<\/p>\n","protected":false},"author":38,"featured_media":237858,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-224053","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["237858"],"rank_math_title":["DSP Flexi Cap Fund Review 2026 | NAV &amp; Returns"],"rank_math_description":["DSP Flexi Cap Fund Direct Growth Plan NAV is \u20b9115.058 as of 08 Sep 2026; 1Y return is 1.74% and 5Y return is 9.78%."],"rank_math_focus_keyword":["DSP Flexi Cap Fund Direct Growth Plan review"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/DSP_Flexi_Cap_Fund_Direct_Growth_Review_2026_NAV_Returns_Portfolio_Should_You_Invest_neutral-1.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/224053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=224053"}],"version-history":[{"count":2,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/224053\/revisions"}],"predecessor-version":[{"id":237860,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/224053\/revisions\/237860"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/237858"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=224053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=224053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=224053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}