DSP India T.I.G.E.R. Fund
Direct · GrowthAI Summary
DSP India T.I.G.E.R. Fund has delivered strong SIP XIRR across horizons, with 3Y at 23.75%, 5Y at 22.57%, and 10Y at 20.45%, outpacing the category averages of 16.33%, 16.76%, and 17.49% respectively. The 1Y XIRR of 19.69% also exceeds the 1Y category average of 11.57% by a wide margin. Performance has been consistent, with double-digit XIRR across all measured periods from 1Y through 12Y.
The fund has experienced 7 drawdown events exceeding 10%, and the maximum drawdown lasted 805 days with a recovery period of 318 days, indicating investors may need patience during prolonged drawdown phases. The Calmar ratio of 0.4715 over 1Y declines to 0.3449 over 7Y, suggesting weaker risk-adjusted returns over longer windows. Calendar yearReturns show high dispersion, ranging from +61.29% in 2014 to -16.46% in 2018, reflecting meaningful volatility typical of thematic funds.
The portfolio is well spread across 63 holdings, with Reliance Industries (6.42%), NTPC (4.76%), and Larsen & Toubro (4.26%) as the top positions. Sector exposure is led by Industrial Products (10.3%), Construction (8.6%), and Petroleum Products (8.1%), aligned with the fund's infrastructure and economy theme. Defense holdings (Bharat Electronics and Hindustan Aeronautics totaling about 4.95%) add a thematic growth angle.
The fund clearly leads its thematic category on SIP XIRR at every horizon, beating category averages by roughly 3 to 7.4 percentage points per annum. Its long-term consistency is notable, with 7Y and 12Y XIRR of 18.75% and 19.52% versus category averages near 17%. However, as a thematic fund, its category comparison should be weighed against diversification-oriented funds for core portfolio use.
This fund suits investors with high risk tolerance seeking thematic exposure to India's infrastructure, energy, and industrial growth cycle. A horizon of 5 to 7 years or more is appropriate given the extended drawdown durations observed. It is better positioned as a satellite allocation within a diversified portfolio rather than a core holding.
- SIP XIRR beats category averages at all horizons, including 23.75% (3Y) vs 16.33% category and 20.45% (10Y) vs 17.49% category
- Well-diversified portfolio of 63 holdings with no single stock exceeding 6.42% of NAV
- Consistently positive long-term returns, with double-digit XIRR across 1Y to 12Y periods
- Long maximum drawdown duration of 805 days with 7 drawdown events exceeding 10%, requiring high patience from investors
- Calendar year returns are highly volatile, including -16.46% in 2018 and -10.86% in 2013, and recent calendar years 2025 (-2.21%) and 2026 (6.05%) show muted momentum
- Thematic concentration in cyclical sectors like Petroleum Products (8.1%) and Power (7.1%) exposes investors to sector-specific downturns
Generated on 03-11-2026, 4:41 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.98 L | 24.1% | -65.2% | 132.1% |
| 3 Years | ₹36.00 L | ₹46.89 L | 19.1% | -29.1% | 53.0% |
| 5 Years | ₹60.00 L | ₹96.77 L | 18.7% | -13.9% | 44.1% |
| 7 Years | ₹84.00 L | ₹1.56 Cr | 18.7% | -4.8% | 32.9% |
| 10 Years | ₹1.20 Cr | ₹3.55 Cr | 20.4% | 14.6% | 25.3% |
| 12 Years | ₹1.44 Cr | ₹5.03 Cr | 19.6% | 17.5% | 22.7% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | Category avg |
|---|---|---|
| 1 Year | 24.1% | 11.5% |
| 3 Years | 19.1% | 16.2% |
| 5 Years | 18.7% | 17.8% |
| 7 Years | 18.7% | 16.7% |
| 10 Years | 20.4% | 17.5% |
| 12 Years | 19.6% | 17.0% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 22.1% | 14.9% | -38.1% | 101.2% | 0.53 | 1.65 | 76% | — | — |
| 3 Years | 19.1% | 19.4% | -11.5% | 43.8% | 1.02 | 3.45 | 92% | — | — |
| 5 Years | 17.6% | 16.4% | -4.1% | 40.1% | 1.18 | 6.93 | 98% | — | — |
| 10 Years | 18.1% | 18.1% | 13.8% | 21.9% | 6.28 | — | 100% | — | — |
Calmar Ratio by Duration
| # | Stock | % of NAV |
|---|---|---|
| 1 | Reliance Industries Limited | 6.42% |
| 2 | NTPC Limited | 4.76% |
| 3 | Larsen & Toubro Limited | 4.26% |
| 4 | Coal India Limited | 3.05% |
| 5 | Oil & Natural Gas Corporation Limited | 2.95% |
| 6 | Bharti Airtel Limited | 2.84% |
| 7 | Bharat Electronics Limited | 2.53% |
| 8 | Hindustan Aeronautics Limited | 2.42% |
| 9 | Kirloskar Oil Engines Limited | 2.25% |
| 10 | Apollo Hospitals Enterprise Limited | 2.21% |