DSP Arbitrage Fund

DSP Mutual FundHybridPortfolio as of 30 September 2026

DSP Arbitrage Fund holds 387 instruments (67.37% equity), led by HDFC Bank Limited (4.76%), Reliance Industries Limited (4.63%) and Vodafone Idea Limited (3.05%), as of its 30 September 2026 SEBI-mandated monthly disclosure.

Holdings

387

Equity Allocation

67.37%

AMC

DSP Mutual Fund

Portfolio Analysis

DSP Arbitrage Fund's top 10 holdings account for 25.19% of its portfolio, more diversified than the Hybrid category average of 27.4%. Financial Services is its largest sector exposure at 26.91% of net assets, spread across 12 sectors in total. Since its 31 August 2026 disclosure, the fund added 19 new positions and exited 6 positions, with ICICI Bank Limited seeing the largest move (+0.66pp to 2.73%).

Sector Breakdown

Equity holdings grouped by sector, % to NAV. "Other" covers debt, cash and other non-equity instruments, plus any equity holding without a classified sector.

Financial Services

26.91%

Materials

6.25%

Industrials

5.7%

Telecommunication

5.64%

Energy

5.34%

Consumer Discretionary

4.35%

Healthcare

3.69%

Consumer Staples

3.64%

Utilities

3.32%

Services

1.13%

Information Technology

0.78%

Real Estate

0.62%

Other

-35.14%

Top 10 Equity Holdings

HDFC Bank Limited · 4.76%Reliance Industries Limited · 4.63%Vodafone Idea Limited · 3.05%ICICI Bank Limited · 2.73%Axis Bank Limited · 2.16%ITC Limited · 1.69%Punjab National Bank · 1.62%Bharti Airtel Limited · 1.62%State Bank of India · 1.55%Kotak Mahindra Bank Limited · 1.38%

What Changed: August 2026 → September 2026

Equity holdings compared between the fund's two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.

19 new entries6 exits10 increased10 reduced

Biggest Weight Increases

Stock	Weight	Change
ICICI Bank Limited	2.07% → 2.73%	▲ +0.66
The Indian Hotels Company Limited	0.17% → 0.56%	▲ +0.39
Infosys Limited	0.03% → 0.32%	▲ +0.29
Divi's Laboratories Limited	0.79% → 1.08%	▲ +0.29
SAGILITY LIMITED	0.03% → 0.26%	▲ +0.23
Multi Commodity Exchange of India Limited	0.1% → 0.31%	▲ +0.21
PB Fintech Limited	0.01% → 0.17%	▲ +0.16
Reliance Industries Limited	4.48% → 4.63%	▲ +0.15
Bandhan Bank Limited	0.64% → 0.79%	▲ +0.15
Patanjali Foods Limited	0.02% → 0.13%	▲ +0.11

Biggest Weight Reductions

Stock	Weight	Change
Vodafone Idea Limited	3.58% → 3.05%	▼ -0.53
Mahindra & Mahindra Limited	0.95% → 0.52%	▼ -0.43
DLF Limited	0.37% → 0.01%	▼ -0.36
Kotak Mahindra Bank Limited	1.67% → 1.38%	▼ -0.29
Bharat Electronics Limited	1.25% → 0.98%	▼ -0.27
One 97 Communications Limited	0.29% → 0.02%	▼ -0.27
Axis Bank Limited	2.43% → 2.16%	▼ -0.27
Adani Ports and Special Economic Zone Limited	0.49% → 0.25%	▼ -0.24
Cholamandalam Investment and Finance Company Limited	0.55% → 0.38%	▼ -0.17
ICICI Prudential Life Insurance Company Limited	0.17% → 0.01%	▼ -0.16

Top Holdings — Weight Trend

% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Apr – Sept 2026).

HDFC Bank Limited

4.76%

Reliance Industries Limited

4.63%

Vodafone Idea Limited

3.05%

ICICI Bank Limited

2.73%

Axis Bank Limited

2.16%

Full Portfolio (387 holdings)

#	Holding	Sector	% to NAV
1	DSP Savings Fund - Direct Plan - Growthmf	—	10.96%
2	HDFC Bank Limited	Financial Services	4.76%
3	Reliance Industries Limited	Energy	4.63%
4	Vodafone Idea Limited	Telecommunication	3.05%
5	Bank of Barodabond	—	2.89%
6	INDIAN BANK CD REDbond	—	2.83%
7	ICICI Bank Limited	Financial Services	2.73%
8	TREPS / Reverse Repo Investmentstreps	—	2.42%
9	Axis Bank Limited	Financial Services	2.16%
10	ITC Limited	Consumer Staples	1.69%
11	Punjab National Bank	Financial Services	1.62%
12	Bharti Airtel Limited	Telecommunication	1.62%
13	State Bank of India	Financial Services	1.55%
14	National Bank for Agriculture and Rural Developmentbond	—	1.44%
15	Kotak Mahindra Bank Limited	Financial Services	1.38%
16	Steel Authority of India Limited	Materials	1.32%
17	JSW Steel Limited	Materials	1.31%
18	Canara Bank	Financial Services	1.21%
19	Adani Energy Solutions Limited	Utilities	1.12%
20	Bharat Heavy Electricals Limited	Industrials	1.08%
21	Divi's Laboratories Limited	Healthcare	1.08%
22	Small Industries Development Bank of Indiabond	—	1.04%
23	Yes Bank Limited	Financial Services	1.03%
24	Bharat Electronics Limited	Industrials	0.98%
25	Indus Towers Limited	Telecommunication	0.97%
26	Bajaj Finance Limited	Financial Services	0.94%
27	364 DAYS T-BILL 04032027tbill	—	0.94%
28	Tata Power Company Limited	Utilities	0.93%
29	Jio Financial Services Limited	Financial Services	0.92%
30	Bandhan Bank Limited	Financial Services	0.79%
31	IDFC First Bank Limited	Financial Services	0.78%
32	Tata Steel Limited	Materials	0.78%
33	Hindustan Aeronautics Limited	Industrials	0.78%
34	Glenmark Pharmaceuticals Limited	Healthcare	0.74%
35	Small Industries Development Bank of India (MD )bond	—	0.73%
36	Small Industries Development Bank of Indiabond	—	0.73%
37	Export Import Bank of Indiabond	—	0.72%
38	Punjab National Bankbond	—	0.72%
39	National Bank For Agriculture and Rural Development 2027bond	—	0.72%
40	Bank of Baroda	Financial Services	0.71%
41	INDIAN BANK CD REDbond	—	0.71%
42	INDIAN BANK CD REDbond	—	0.71%
43	LIC Housing Finance Limited	Financial Services	0.7%
44	Small Industries Development Bank of Indiabond	—	0.7%
45	Adani Enterprises Limited	Materials	0.69%
46	GMR AIRPORTS LIMITED	Services	0.63%
47	Adani Power Limited	Utilities	0.61%
48	Hindalco Industries Limited	Materials	0.59%
49	The Indian Hotels Company Limited	Consumer Discretionary	0.56%
50	Hindustan Unilever Limited	Consumer Staples	0.54%
51	Mahindra & Mahindra Limited	Consumer Discretionary	0.52%
52	NBCC (India) Limited	Industrials	0.52%
53	NMDC Limited	Materials	0.49%
54	APL Apollo Tubes Limited	Industrials	0.49%
55	Ambuja Cements Limited	Materials	0.47%
56	Larsen & Toubro Limited	Industrials	0.47%
57	Manappuram Finance Limited	Financial Services	0.47%
58	Crompton Greaves Consumer Electricals Limited	Consumer Discretionary	0.46%
59	Aditya Birla Capital Limited	Financial Services	0.46%
60	Ashok Leyland Limited	Industrials	0.46%
61	Marico Limited	Consumer Staples	0.44%
62	HDFC Life Insurance Company Limited	Financial Services	0.43%
63	Tata Motors Passenger Vehicles Limited	Consumer Discretionary	0.42%
64	Coal India Limited	Energy	0.42%
65	Biocon Limited	Healthcare	0.41%
66	Godrej Properties Limited	Real Estate	0.4%
67	Info Edge (India) Limited	Consumer Discretionary	0.39%
68	Power Finance Corporation Limited	Financial Services	0.39%
69	Cholamandalam Investment and Finance Company Limited	Financial Services	0.38%
70	Aurobindo Pharma Limited	Healthcare	0.38%
71	Eicher Motors Limited	Consumer Discretionary	0.37%
72	National Bank For Agriculture and Rural Developmentbond	—	0.36%
73	National Bank For Agriculture and Rural Developmentbond	—	0.36%
74	CANARA BANK - CDbond	—	0.36%
75	Bank of Baroda^bond	—	0.36%
76	Punjab National Bank 2027bond	—	0.36%
77	Small Industries Development Bank of Indiabond	—	0.36%
78	PUNJAB NATIONAL BANK CD REDbond	—	0.36%
79	Small Industries Development Bank of Indiabond	—	0.36%
80	National Bank For Agriculture and Rural Developmentbond	—	0.36%
81	BANK OF BARODA - CDbond	—	0.36%
82	Small Industries Development Bank of India (MD )bond	—	0.35%
83	Canara Bankbond	—	0.35%
84	TATA CONSUMER PRODUCTS LIMITED	Consumer Staples	0.32%
85	Infosys Limited	Information Technology	0.32%
86	AU Small Finance Bank Limited	Financial Services	0.31%
87	Shriram Finance Limited	Financial Services	0.31%
88	Multi Commodity Exchange of India Limited	Financial Services	0.31%
89	Life Insurance Corporation Of India	Financial Services	0.3%
90	Adani Green Energy Limited	Utilities	0.29%
91	Swiggy Limited	Consumer Discretionary	0.28%
92	Union Bank of India	Financial Services	0.28%
93	TVS Motor Company Limited	Consumer Discretionary	0.28%
94	Varun Beverages Limited	Consumer Staples	0.28%
95	Titan Company Limited	Consumer Discretionary	0.27%
96	Cummins India Limited	Industrials	0.27%
97	UltraTech Cement Limited	Materials	0.26%
98	Cipla Limited	Healthcare	0.26%
99	Sun Pharmaceutical Industries Limited	Healthcare	0.26%
100	Asian Paints Limited	Consumer Discretionary	0.26%
101	SAGILITY LIMITED	Information Technology	0.26%
102	Adani Ports and Special Economic Zone Limited	Services	0.25%
103	Astral Limited	Industrials	0.24%
104	NTPC Limited	Utilities	0.24%
105	PNB Housing Finance Limited	Financial Services	0.23%
106	Indian Energy Exchange Limited	Financial Services	0.21%
107	The Phoenix Mills Limited	Real Estate	0.21%
108	Apollo Hospitals Enterprise Limited	Healthcare	0.2%
109	IndusInd Bank Limited	Financial Services	0.18%
110	RBL Bank Limited	Financial Services	0.18%
111	Bank of India	Financial Services	0.17%
112	Hitachi Energy India Limited	Industrials	0.17%
113	PB Fintech Limited	Financial Services	0.17%
114	UPL Limited	Materials	0.16%
115	Container Corporation of India Limited	Services	0.14%
116	HDFC Asset Management Company Limited	Financial Services	0.14%
117	Oil & Natural Gas Corporation Limited	Energy	0.14%
118	Max Financial Services Limited	Financial Services	0.13%
119	Patanjali Foods Limited	Consumer Staples	0.13%
120	Maruti Suzuki India Limited	Consumer Discretionary	0.12%
121	Fortis Healthcare Limited	Healthcare	0.12%
122	Coforge Limited	Information Technology	0.12%
123	Muthoot Finance Limited	Financial Services	0.11%
124	Godrej Consumer Products Limited	Consumer Staples	0.1%
125	InterGlobe Aviation Limited	Services	0.09%
126	Indian Oil Corporation Limited	Energy	0.09%
127	Hero MotoCorp Limited	Consumer Discretionary	0.09%
128	GE Vernova T&D India Limited	Industrials	0.09%
129	Angel One Limited	Financial Services	0.08%
130	Central Depository Services (India) Limited	Financial Services	0.08%
131	Kalyan Jewellers India Limited	Consumer Discretionary	0.08%
132	Hindustan Zinc Limited	Materials	0.07%
133	Torrent Pharmaceuticals Limited	Healthcare	0.07%
134	Laurus Labs Limited	Healthcare	0.07%
135	Bank of Barodabond	—	0.07%
136	Inox Wind Limited	Industrials	0.06%
137	JSW Energy Limited	Utilities	0.06%
138	The Federal Bank Limited	Financial Services	0.06%
139	Lupin Limited	Healthcare	0.06%
140	Dabur India Limited	Consumer Staples	0.05%
141	Samvardhana Motherson International Limited	Consumer Discretionary	0.05%
142	SBI Cards and Payment Services Limited	Financial Services	0.05%
143	PG Electroplast Limited	Consumer Discretionary	0.04%
144	ICICI Lombard General Insurance Company Limited	Financial Services	0.04%
145	Tata Consultancy Services Limited	Information Technology	0.04%
146	National Aluminium Company Limited	Materials	0.04%
147	Bank of Maharashtra	Financial Services	0.04%
148	Bajaj Finserv Limited	Financial Services	0.04%
149	MphasiS Limited	Information Technology	0.04%
150	Oil India Limited	Energy	0.04%
151	Vedanta Limited	Materials	0.03%
152	Supreme Industries Limited	Industrials	0.03%
153	Power Grid Corporation of India Limited	Utilities	0.03%
154	Ather Energy Limited	Consumer Discretionary	0.03%
155	Siemens Energy India Limited	Industrials	0.03%
156	SBI Life Insurance Company Limited	Financial Services	0.03%
157	Nestle India Limited	Consumer Staples	0.03%
158	Zydus Lifesciences Limited	Healthcare	0.03%
159	Radico Khaitan Limited	Consumer Staples	0.03%
160	United Spirits Limited	Consumer Staples	0.03%
161	Avenue Supermarts Limited	Consumer Discretionary	0.03%
162	Petronet LNG Limited	Utilities	0.02%
163	KEI Industries Limited	Industrials	0.02%
164	Computer Age Management Services Limited	Financial Services	0.02%
165	Delhivery Limited	Services	0.02%
166	Voltas Limited	Consumer Discretionary	0.02%
167	ETERNAL LIMITED	Consumer Discretionary	0.02%
168	Bharat Petroleum Corporation Limited	Energy	0.02%
169	JINDAL STEEL LIMITED	Materials	0.02%
170	One 97 Communications Limited	Financial Services	0.02%
171	Bajaj Auto Limited	Consumer Discretionary	0.02%
172	GAIL (India) Limited	Utilities	0.02%
173	Havells India Limited	Consumer Discretionary	0.01%
174	Page Industries Limited	Consumer Discretionary	0.01%
175	Tube Investments of India Limited	Consumer Discretionary	0.01%
176	Bharat Forge Limited	Consumer Discretionary	0.01%
177	ICICI Prudential Life Insurance Company Limited	Financial Services	0.01%
178	Suzlon Energy Limited	Industrials	0.01%
179	Alkem Laboratories Limited	Healthcare	0.01%
180	DLF Limited	Real Estate	0.01%
181	Solar Industries India Limited	Materials	0.01%
182	Pidilite Industries Limited	Materials	0.01%
183	Anand Rathi Wealth Limited	Financial Services	0%
184	Rail Vikas Nigam Limited	Industrials	0%
185	Motilal Oswal Financial Services Limited	Financial Services	0%
186	SRF Limited	Materials	0%
187	Hindustan Petroleum Corporation Limited	Energy	0%
188	CG Power and Industrial Solutions Limited	Industrials	0%
189	Colgate Palmolive (India) Limited	Consumer Staples	0%
190	Ambuja Cements Limitedother	—	0%
191	Colgate Palmolive (India) Limitedother	—	0%
192	Hindustan Petroleum Corporation Limitedother	—	0%
193	CG Power and Industrial Solutions Limitedother	—	0%
194	IDFC First Bank Limitedother	—	0%
195	Inox Wind Limitedother	—	0%
196	Biocon Limitedother	—	0%
197	SRF Limitedother	—	0%
198	Motilal Oswal Financial Services Limitedother	—	0%
199	Adani Enterprises Limitedother	—	0%
200	Tata Steel Limitedother	—	0%
201	Adani Power Limitedother	—	0%
202	Rail Vikas Nigam Limitedother	—	0%
203	Anand Rathi Wealth Limitedother	—	0%
204	Bharat Heavy Electricals Limitedother	—	0%
205	Havells India Limitedother	—	-0.01%
206	Page Industries Limitedother	—	-0.01%
207	Indus Towers Limitedother	—	-0.01%
208	Tube Investments of India Limitedother	—	-0.01%
209	Bharat Forge Limitedother	—	-0.01%
210	Ultratech Cement Limitedother	—	-0.01%
211	ICICI Prudential Life Insurance Co Limitedother	—	-0.01%
212	Hindustan Aeronautics Limitedother	—	-0.01%
213	Suzlon Energy Limitedother	—	-0.01%
214	JSW Steel Limitedother	—	-0.01%
215	Alkem Laboratories Limitedother	—	-0.01%
216	DLF Limitedother	—	-0.01%
217	LIC Housing Finance Limitedother	—	-0.01%
218	Bajaj Finance Limitedother	—	-0.01%
219	Solar Industries India Limitedother	—	-0.01%
220	Tata Motors Passenger Vehicles Limitedother	—	-0.01%
221	Cipla Limitedother	—	-0.01%
222	Pidilite Industries Limitedother	—	-0.01%
223	Tata Consumer Products Limitedother	—	-0.01%
224	Petronet LNG Limitedother	—	-0.02%
225	KEI Industries Limitedother	—	-0.02%
226	Computer Age Management Services Limitedother	—	-0.02%
227	Delhivery Limitedother	—	-0.02%
228	Voltas Limitedother	—	-0.02%
229	Eternal Limitedother	—	-0.02%
230	Bharat Petroleum Corporation Limitedother	—	-0.02%
231	Jindal Steel Limitedother	—	-0.02%
232	One 97 Communications Limitedother	—	-0.02%
233	Bajaj Auto Limitedother	—	-0.02%
234	Bank of Barodaother	—	-0.02%
235	GAIL (India) Limitedother	—	-0.02%
236	Vedanta Limitedother	—	-0.03%
237	Supreme Industries Limitedother	—	-0.03%
238	Power Grid Corporation of India Limitedother	—	-0.03%
239	Ather Energy Limitedother	—	-0.03%
240	Tata Power Co Limitedother	—	-0.03%
241	Yes Bank Limitedother	—	-0.03%
242	Mahindra & Mahindra Limitedother	—	-0.03%
243	Siemens Energy India Limitedother	—	-0.03%
244	Maruti Suzuki India Limitedother	—	-0.03%
245	SBI Life Insurance Co Limitedother	—	-0.03%
246	Nestle India Limitedother	—	-0.03%
247	Zydus Lifesciences Limitedother	—	-0.03%
248	Radico Khaitan Limitedother	—	-0.03%
249	United Spirits Limitedother	—	-0.03%
250	Avenue Supermarts Limitedother	—	-0.04%
251	PG Electroplast Limitedother	—	-0.04%
252	ICICI Lombard General Insurance Co Limitedother	—	-0.04%
253	Kotak Mahindra Bank Limitedother	—	-0.04%
254	Tata Consultancy Services Limitedother	—	-0.04%
255	National Aluminium Co Limitedother	—	-0.04%
256	Bank Of Maharashtraother	—	-0.04%
257	Bajaj Finserv Limitedother	—	-0.04%
258	Mphasis Limitedother	—	-0.04%
259	Oil India Limitedother	—	-0.04%
260	Punjab National Bankother	—	-0.04%
261	Dabur India Limitedother	—	-0.05%
262	Samvardhana Motherson International Limitedother	—	-0.05%
263	Canara Bankother	—	-0.05%
264	SBI Cards and Payment Services Limitedother	—	-0.05%
265	Bharti Airtel Limitedother	—	-0.05%
266	Inox Wind Limitedother	—	-0.06%
267	JSW Energy Limitedother	—	-0.06%
268	Federal Bank Limitedother	—	-0.06%
269	Lupin Limitedother	—	-0.06%
270	Hindustan Zinc Limitedother	—	-0.07%
271	Torrent Pharmaceuticals Limitedother	—	-0.07%
272	Laurus Labs Limitedother	—	-0.07%
273	Net Receivables/Payablesother	—	-0.08%
274	Angel One Limitedother	—	-0.08%
275	Central Depository Services (India) Limitedother	—	-0.08%
276	Kalyan Jewellers India Limitedother	—	-0.08%
277	Maruti Suzuki India Limitedother	—	-0.09%
278	ITC Limitedother	—	-0.09%
279	Interglobe Aviation Limitedother	—	-0.09%
280	Indian Oil Corporation Limitedother	—	-0.09%
281	Hero MotoCorp Limitedother	—	-0.09%
282	GE Vernova T&D India Limitedother	—	-0.09%
283	Godrej Consumer Products Limitedother	—	-0.1%
284	Vodafone Idea Limitedother	—	-0.1%
285	Muthoot Finance Limitedother	—	-0.11%
286	Fortis Healthcare Limitedother	—	-0.12%
287	Coforge Limitedother	—	-0.12%
288	State Bank of Indiaother	—	-0.13%
289	Max Financial Services Limitedother	—	-0.13%
290	Patanjali Foods Limitedother	—	-0.13%
291	Container Corporation of India Limitedother	—	-0.14%
292	HDFC Asset Management Co Limitedother	—	-0.14%
293	Oil & Natural Gas Corporation Limitedother	—	-0.14%
294	Bandhan Bank Limitedother	—	-0.14%
295	UPL Limitedother	—	-0.16%
296	Bank of Indiaother	—	-0.17%
297	Hitachi Energy India Limitedother	—	-0.17%
298	PB Fintech Limitedother	—	-0.18%
299	IndusInd Bank Limitedother	—	-0.18%
300	RBL Bank Limitedother	—	-0.19%
301	Apollo Hospitals Enterprise Limitedother	—	-0.2%
302	Indian Energy Exchange Limitedother	—	-0.21%
303	Phoenix Mills Limitedother	—	-0.21%
304	PNB Housing Finance Limitedother	—	-0.23%
305	Axis Bank Limitedother	—	-0.23%
306	Astral Limitedother	—	-0.24%
307	NTPC Limitedother	—	-0.24%
308	Ultratech Cement Limitedother	—	-0.25%
309	Cipla Limitedother	—	-0.25%
310	Adani Ports and Special Economic Zone Limitedother	—	-0.25%
311	Sun Pharmaceutical Industries Limitedother	—	-0.26%
312	Asian Paints Limitedother	—	-0.26%
313	Sagility Limitedother	—	-0.27%
314	Titan Co Limitedother	—	-0.27%
315	Cummins India Limitedother	—	-0.27%
316	Swiggy Limitedother	—	-0.28%
317	Union Bank Of Indiaother	—	-0.28%
318	TVS Motor Co Limitedother	—	-0.28%
319	Varun Beverages Limitedother	—	-0.28%
320	Adani Green Energy Limitedother	—	-0.29%
321	Tata Consumer Products Limitedother	—	-0.31%
322	AU Small Finance Bank Limitedother	—	-0.31%
323	Shriram Finance Limitedother	—	-0.31%
324	Life Insurance Corporation Of Indiaother	—	-0.31%
325	Multi Commodity Exchange Of India Limitedother	—	-0.32%
326	Bharat Electronics Limitedother	—	-0.32%
327	Infosys Limitedother	—	-0.32%
328	Eicher Motors Limitedother	—	-0.37%
329	Cholamandalam Investment and Finance Co Limitedother	—	-0.38%
330	Aurobindo Pharma Limitedother	—	-0.38%
331	Info Edge (India) Limitedother	—	-0.39%
332	Power Finance Corporation Limitedother	—	-0.4%
333	Godrej Properties Limitedother	—	-0.4%
334	Biocon Limitedother	—	-0.41%
335	Tata Motors Passenger Vehicles Limitedother	—	-0.41%
336	Jio Financial Services Limitedother	—	-0.41%
337	Coal India Limitedother	—	-0.42%
338	HDFC Life Insurance Co Limitedother	—	-0.43%
339	Marico Limitedother	—	-0.45%
340	Crompton Greaves Consumer Electricals Limitedother	—	-0.46%
341	Aditya Birla Capital Limitedother	—	-0.46%
342	Ambuja Cements Limitedother	—	-0.47%
343	Ashok Leyland Limitedother	—	-0.47%
344	Larsen & Toubro Limitedother	—	-0.47%
345	Manappuram Finance Limitedother	—	-0.47%
346	Mahindra & Mahindra Limitedother	—	-0.49%
347	NMDC Limitedother	—	-0.49%
348	APL Apollo Tubes Limitedother	—	-0.49%
349	Jio Financial Services Limitedother	—	-0.51%
350	NBCC (India) Limitedother	—	-0.53%
351	ICICI Bank Limitedother	—	-0.53%
352	Hindustan Unilever Limitedother	—	-0.54%
353	Indian Hotels Co Limitedother	—	-0.57%
354	Reliance Industries Limitedother	—	-0.59%
355	Adani Power Limitedother	—	-0.6%
356	Hindalco Industries Limitedother	—	-0.6%
357	GMR Airports Limitedother	—	-0.63%
358	Bandhan Bank Limitedother	—	-0.65%
359	HDFC Bank Limitedother	—	-0.66%
360	Bharat Electronics Limitedother	—	-0.67%
361	Adani Enterprises Limitedother	—	-0.68%
362	Bank of Barodaother	—	-0.69%
363	LIC Housing Finance Limitedother	—	-0.7%
364	Glenmark Pharmaceuticals Limitedother	—	-0.75%
365	IDFC First Bank Limitedother	—	-0.78%
366	Tata Steel Limitedother	—	-0.78%
367	Hindustan Aeronautics Limitedother	—	-0.78%
368	Tata Power Co Limitedother	—	-0.9%
369	Bajaj Finance Limitedother	—	-0.94%
370	Indus Towers Limitedother	—	-0.97%
371	Yes Bank Limitedother	—	-1.01%
372	Bharat Heavy Electricals Limitedother	—	-1.08%
373	Divi's Laboratories Limitedother	—	-1.08%
374	Adani Energy Solutions Limitedother	—	-1.13%
375	Canara Bankother	—	-1.17%
376	Steel Authority of India Limitedother	—	-1.29%
377	JSW Steel Limitedother	—	-1.31%
378	Kotak Mahindra Bank Limitedother	—	-1.34%
379	State Bank of Indiaother	—	-1.43%
380	Bharti Airtel Limitedother	—	-1.58%
381	Punjab National Bankother	—	-1.59%
382	ITC Limitedother	—	-1.61%
383	Axis Bank Limitedother	—	-1.94%
384	ICICI Bank Limitedother	—	-2.22%
385	Vodafone Idea Limitedother	—	-2.96%
386	Reliance Industries Limitedother	—	-4.06%
387	HDFC Bank Limitedother	—	-4.15%

More funds from DSP Mutual Fund

DSP Equity Savings Fund · 119 holdings
DSP Multi Asset Allocation Fund · 110 holdings
DSP Dynamic Asset Allocation Fund · 87 holdings
DSP Aggressive Hybrid Fund · 86 holdings
DSP Small Cap Fund · 86 holdings
DSP Large & Mid Cap Fund · 72 holdings
DSP Value Fund · 71 holdings
DSP Flexi Cap Fund · 70 holdings

All DSP Mutual Fund schemes →

Other Hybrid funds

Edelweiss Arbitrage Fund · Edelweiss
Bandhan Arbitrage Fund · Bandhan
Axis Arbitrage Fund · Axis
HDFC Balanced Advantage Fund · HDFC
Bajaj Finserv Arbitrage Fund · Bajaj
ICICI Prudential Multi-Asset Fund · ICICI
Motilal Oswal Arbitrage Fund · Motilal
ICICI Prudential Equity & Debt Fund · ICICI
Zerodha Life Cycle Fund 2031 · Zerodha
Zerodha Life Cycle Fund 2036 · Zerodha

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Frequently Asked Questions

Yes. As of its 30 September 2026 disclosure, HDFC Bank Limited is 4.76% of DSP Arbitrage Fund's net assets — its number 1 holding.

Yes. As of its 30 September 2026 disclosure, Reliance Industries Limited is 4.63% of DSP Arbitrage Fund's net assets — its number 2 holding.

Yes. As of its 30 September 2026 disclosure, Vodafone Idea Limited is 3.05% of DSP Arbitrage Fund's net assets — its number 3 holding.

Yes. As of its 30 September 2026 disclosure, ICICI Bank Limited is 2.73% of DSP Arbitrage Fund's net assets — its number 4 holding.

Yes. As of its 30 September 2026 disclosure, Axis Bank Limited is 2.16% of DSP Arbitrage Fund's net assets — its number 5 holding.

New to reading these? See How to Read a Mutual Fund's Monthly Portfolio Disclosure, or check terms like % to NAV in the glossary.

Source: DSP Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 30 September 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.