About DSP Dynamic Asset Allocation Fund
DSP Dynamic Asset Allocation Fund is a balanced advantage fund managed by DSP Mutual Fund. Change the mix of equity and debt dynamically, usually buying more equity when markets are cheap and less when they are expensive.
The investment objective of the Scheme is to seek capital appreciation by managing the asset allocation between equity and fixed income securities. The Scheme will dynamically manage the asset allocation between equity and fixed income based on the relative valuation of equity and debt markets. The Scheme intends to generate long-term capital appreciation by investing in equity and equity related instruments and seeks to generate income through investments in fixed income securities and by using arbitrage and other derivative strategies. However, there can be no assurance that the investment objective of the scheme will be realized.
The scheme's stated objective, as published by DSP Mutual Fund.
The NAV (net asset value) is the price of one unit of the fund. It is published by the fund house every business day and changes with the value of the fund's holdings. The Growth option reinvests all gains, so its NAV reflects the fund's total return.
Tax on your gains
How gains are taxed depends on how much equity the scheme holds. At 65% equity or more it follows equity rules — 12.5% on long-term gains above ₹1.25 lakh; below that, gains are usually taxed at your slab rate. The scheme document states which applies.
Work out what you would owe with the capital gains tax calculator.
Every plan and option, with scheme codes
| Plan | Option | NAV | Scheme code |
|---|---|---|---|
| Direct | Growth | ₹34.619 | 126393 |
| Direct | Monthly IDCW | ₹17.211 | 126391 |
| Regular | Growth | ₹29.728 | 126394 |
| Regular | Monthly IDCW | ₹14.304 | 126392 |
Frequently asked questions
What is the NAV of DSP Dynamic Asset Allocation Fund today?
The NAV of DSP Dynamic Asset Allocation Fund (Direct plan, Growth) is ₹34.619 and the Regular plan NAV is ₹29.728, as of 13 Nov 2026.
What returns has DSP Dynamic Asset Allocation Fund given?
Over the last year the Direct plan returned 6.13%, and 12.02% a year over 3 years and 9.42% a year over 5 years. That places it 9 of 30 funds in its category over 3 years. Past returns do not guarantee future returns.
What is the expense ratio of DSP Dynamic Asset Allocation Fund?
The Direct plan charges 1.04% a year, as disclosed on 30 Sept 2026. The fee is already taken out of the NAV, so the returns above are what you keep.
What is the minimum SIP amount in DSP Dynamic Asset Allocation Fund?
You can start a monthly SIP with ₹100, or invest a lump sum of ₹100 or more.
How much has DSP Dynamic Asset Allocation Fund fallen in the past?
Its deepest fall was 19.3% from 19 Feb 2020 to 23 Mar 2020. Of every one-year stretch in its history, 97% ended in a gain.
Which category does DSP Dynamic Asset Allocation Fund belong to?
It is a Balanced Advantage Fund from DSP Mutual Fund. Change the mix of equity and debt dynamically, usually buying more equity when markets are cheap and less when they are expensive.
What is the difference between the Direct and Regular plan?
Both invest in the same portfolio. The Direct plan is bought straight from the fund house or a direct platform and has a lower expense ratio because no distributor commission is paid, so its NAV grows slightly faster over time.
How are gains from DSP Dynamic Asset Allocation Fund taxed?
How gains are taxed depends on how much equity the scheme holds. At 65% equity or more it follows equity rules — 12.5% on long-term gains above ₹1.25 lakh; below that, gains are usually taxed at your slab rate. The scheme document states which applies.
Source: NAVs published by the fund house through AMFI. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns. This page is for information only and is not a recommendation to buy or sell.