Invest in DSP Banking & Financial Services Fund Regular IDCW Online

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DSP Banking & Financial Services Fund

Benchmark: Nifty Financial Services TRI

48.71K people have invested in this fund

team 48.71K people have invested in this fund as of

This is an Equity Sectoral/Thematic, Banking & Financial Services fund with Nifty Financial Services TRI as its benchmark. The risk level for this fund is categorized as Very High Risk.

Total AUM

₹992.59 crores as of Oct 31, 2024

Age of Fund

11 months since Dec 08, 2023

Expense Ratio

2.21% as of Nov 08, 2024

Exit Load

0.5% If redeemed between 0 - 1 Months

Ideal holding period

10 Years+

Holdings

as of Oct 31, 2024

HDFC Bank Limited

15.74%

ICICI Bank Limited

14.65%

Bajaj Finserv Limited

7.96%

State Bank of India

7.81%

Cholamandalam Investment and Finance Company Limited

5.77%

Power Finance Corporation Limited

4.54%

Bajaj Finance Limited

4.33%

See all 23 holdings

Things to know before you invest

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What is in DSP Banking & Financial Services Fund?

DSP Banking & Financial Services Fund invests in domestic and overseas banking and financial services companies. This fund aims to use a stock specific and high active share approach.

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Why should one invest in DSP Banking & Financial Services Fund?

The Nifty Financial Services TRI delivered 17.6% CAGR since Jan 2004, beating the 14% CAGR from Nifty 50 TRI.
You'll also gain access to the new age additions to the Banking, Financial Services and Insurance (BFSI) mix, such as Payment processors, Insurance and Stock Brokers, Wealth Management, Digital Infrastructure, Mutual funds, Loan Direct Sales Agents (DSAs).
The banking non-performing assets (NPAs) are currently at an all-time lows, and robust credit growth has resulted in improved balance sheets. Thus providing you an opportunity to build your investment on a solid foundation.
Your portfolio could get quality exposure to fundamentally sound international BFSI businesses which currently maybe unavailable in India.
The Nifty Financial Services TRI has been underperforming the Nifty 50 TRI since September 2019, with an annualized difference of 3.9%2. This trend likely indicates a potential for a turnaround.

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Who should invest in DSP Banking & Financial Services Fund?

Consider this fund if you
- If you want to participate in the growth story of Indian BFSI companies and other global financials.
- If you can stay invested for 5+ years.
- If you are okay with stretches of underperformance when the sector is out of favour.
- If you have a high risk appetite and are prepared to face short-term fluctuations in the long-term.

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Rethink before you invest

DSP Banking & Financial Services Fund provides exposure only to the Financial Services sector, leading to concentration risk.
This fund can have higher volatility & drawdowns as compared to diversified equity funds
This fund can underperform diversified equity funds in the short-term

Fund managers:

Dhaval Gada

Total work experience of 14 years. Managing this fund since November 2023.

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Total work experience of 14 years. Managing this fund since November 2023.

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Dhaval has total work experience of over 13 years. He joined equity investment team of DSP Mutual Funds in Sept-2018 as Associate Vice President and was promoted to Vice President in Feb-2022. Dhaval has also worked with Sundaram Asset Management, Motilal Oswal Securities, Evalueserve, Morgan Stanley Advantage Services, Edelweiss Capital and Gridstone Research. He has a Post Graduate Diploma in Management from Welingkar Institute of Management and holds a Bachelor of Commerce degree from Mumbai University.

Sr. No.	Scheme Name	Managing since	Period
Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement Different plans shall have a different expense structure. The performance details provided herein are of regular plan. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Sr. No.

Scheme Name

Managing since

Period

1 Years

3 Years

5 Years

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement

Different plans shall have a different expense structure. The performance details provided herein are of regular plan.

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Portfolio

Prescribed asset allocation: 80% - 100% Equity and equity related securities of companies engaged in banking and financial services sector , 0% - 20% Equity and Equity related securities of other Companies , 0% - 20% Debt and money market instruments , 0% - 10% Units of REITs & InvITs

Current Allocation

as of Oct 31, 2024

Equity 90.07%
Debt / cash 9.53%

Equity
Debt / Cash

Top holdings

HDFC Bank Limited

15.74%

ICICI Bank Limited

14.65%

Bajaj Finserv Limited

7.96%

State Bank of India

7.81%

Cholamandalam Investment and Finance Company Limited

5.77%

Allocation by Market Cap

Large Cap

81.10%

Mid Cap

12.80%

Small Cap

5.90%

Top Sectors

Banks

45.51%

Finance

31.13%

Capital Markets

9.41%

Insurance

4.02%

See all 23 holdings

Top holdings

No Data to display

Top holdings

TREPS / Reverse Repo Investments

9.53%

Cash & cash equivalents

0.40%

Credit rating profile

Cash & Equivalent

99.70%

Instrument break-up

TREPS

100.00%

See 1 holding

Indicators

Portfolio turnover ratio

0.32 last 12 months

Compare Performance

Performance highlights over last

for

investment

Cumulative returns on

Annual returns

Current value

Min CAGR:

MedianCAGR:

Max CAGR:

Good Returns

Negative Returns

vs Category

vs Benchmark

Historical Returnsas of with investment of₹10,000
As per SEBI format
As per IDCW history

	This fund		Nifty Financial Services TRI ^{^}		NIFTY 50 TRI ^#
	CAGR	Current Value	CAGR	Current Value	CAGR	Current Value

Income distribution Cum Capital Withdrawal (IDCW) Distributed

Record Date	IDCW per unit	NAV Before	NAV After

Chart type

Graph viewTable view

Invested as

Invested Amount

₹

Invested since

This fund

Nifty Financial Servic…

NIFTY 50 TRI

Gold

PPF

	Funds	Annual returns	Current Value	Absolute Growth	IDCW paid

Chart type:

Returns RangesStatistics

Invested Amount

₹

Invested period

Funds	Minimum	Median	Maximum	% times -ve returns	% times returns > 7%

Date of allotment: Dec 08, 2023.

Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement

Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan.

Since inception returns have been calculated from the date of allotment till June 30, 2021

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Rolling returns have been calculated based on returns from regular plan growth option.

^ Fund Benchmark # Additional Benchmark

Scheme disclaimers

Fund Details

Investment Objective

The primary investment objective of the scheme is to seek to generate returns through investment in domestic and overseas equity and equity related securities of companies engaged in banking and financial services sector.
There is no assurance that the investment objective of the Scheme will be achieved.

Fund Type

Equity – Sectoral/Thematic

Banking & Financial Services

An open ended equity scheme investing in banking and financial services sector.

Riskometer

Level of Risk in the fund

View details

Minimum Investment

Rs. 100 Lumpsum
Rs. 100 SIP– 12 instalments
Rs. 100 Minimum Additional Purchase

Fund Documents

KIM and Applications

48.71K peoplehave invested in this fund as of

45.51%

Name	% of Net Assets
HDFC Bank Limited	15.74%
ICICI Bank Limited	14.65%
State Bank of India	7.81%
Axis Bank Limited	2.34%
AU Small Finance Bank Limited	2.24%
Bank of India	1.31%
CSB Bank Limited	0.74%
Union Bank of India	0.68%

31.13%

Name	% of Net Assets
Bajaj Finserv Limited	7.96%
Cholamandalam Investment and Finance Company Limited	5.77%
Power Finance Corporation Limited	4.54%
Bajaj Finance Limited	4.33%
Bajaj Housing Finance Limited	3.55%
L & T Finance Limited	1.97%
Shriram Finance Limited	1.74%
Manappuram Finance Limited	1.27%

9.41%

Name	% of Net Assets
Nippon Life India Asset Management Limited	3.24%
BSE Limited	2.74%
Kfin Technologies Limited	2.02%
Angel One Limited	1.01%
5Paisa Capital Limited	0.40%

4.02%

Name	% of Net Assets
Life Insurance Corporation of India	2.09%
SBI Life Insurance Company Limited	1.93%

9.53%

Name	% of Net Assets
TREPS / Reverse Repo Investments	9.53%

100% of Debt instruments

For lumpsum investments, if the investment period is less than 1 year then same return values are displayed for absolute & XIRR. For periods above 1 year, they are annualized. 1 Year is assumed as 365 days.
Returns for investments in income distribution cum capital withdrawal (IDCW) plans of schemes are calculated after assuming that the net income distribution cum capital withdrawal (IDCW) payouts post statutory taxes & levies, are re-invested back in the scheme.
Income distribution cum capital withdrawals (IDCW) declared from benchmark's constituents isn't taken into account when comparing with investment in fund's income distribution cum capital withdrawal (IDCW) plans.
Performance is always compared against the latest benchmark of the fund irrespective of the date of change of fund's benchmark, if any.
Except when SIP tenure is since inception, for all tenures, the start day for SIP investments is considered as 1st of every month. There is no end date to SIPs for the purpose of graphs.
For the purpose of NAV date applicability, if the investment date happens to be a non-business day, next business day's NAV is applied. Investment on inception date can happen on a non-business day.
Gold prices are available post 29 JAN, 2005 & are based on daily closing values on MCX.
Investment in gold has a strong global market demand and gold is highly liquid asset.
PPF interest rate is assumed at 8.7% p.a. & interest received is compounded daily for the returns illustration in the charts.
The comparison with PPF (and other traditional saving instruments/assets) has been given for the purpose of the general information only. Investments in mutual funds should not be construed as a promise, guarantee on or a forecast of any minimum returns. Unlike traditional saving instruments there is no capital protection guarantee or assurance of any return in mutual fund investment. Traditional savings instruments are comparatively low risk products and are generally backed by the Government. Investment in mutual funds carries high risk as compared to the traditional saving instruments and any investment decision needs to be taken only after consulting the Tax Consultant or Mutual Fund Distributor.
Past performance may or may not sustain in future and should not be used as a basis for comparison with other investments. There is no assurance of any returns/capital protection/capital guarantee to the investors in any scheme of DSP Mutual Fund.
The sector(s)/stock(s)/issuer(s) mentioned in this document do not constitute any recommendation of the same and the Fund may or may not have any future position in these sector(s)/stock(s)/issuer(s).
The investment approach / framework/ strategy / portfolio / other data mentioned herein are dated and currently followed by the scheme and the same may change in future depending on market conditions and other factors.
The SIP returns are calculated by XIRR approach assuming investment of Rs. 10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash infows and outflows with the correct allowance for the time impact of the transactions. Load is not taken into consideration for computation of performance.

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DSP Banking & Financial Services Fund

DSP Banking & Financial Services Fund

This is an Equity Sectoral/Thematic, Banking & Financial Services fund with Nifty Financial Services TRI as its benchmark. The risk level for this fund is categorized as Very High Risk.

Things to know before you invest

What is in DSP Banking & Financial Services Fund?

Why should one invest in DSP Banking & Financial Services Fund?

Who should invest in DSP Banking & Financial Services Fund?

Rethink before you invest

Fund managers:

Portfolio

Current Allocation

Indicators

Compare Performance

Invested Amount

Invested Amount

Fund Details

Fund Details

Investment Objective

Fund Type

Riskometer

Minimum Investment

Fund Documents

Products Offered

Product Information

For Investors

Other Information

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DSP Banking & Financial Services Fund

DSP Banking & Financial Services Fund

This is an Equity Sectoral/Thematic, Banking & Financial Services fund with Nifty Financial Services TRI as its benchmark. The risk level for this fund is categorized as Very High Risk.

Things to know before you invest

What is in DSP Banking & Financial Services Fund?

Why should one invest in DSP Banking & Financial Services Fund?

Who should invest in DSP Banking & Financial Services Fund?

Rethink before you invest

Fund managers:

Portfolio

Current Allocation

Indicators

Compare Performance

Invested Amount

Invested Amount

Fund Details

Fund Details

Investment Objective

Fund Type

Riskometer

Minimum Investment

Fund Documents

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As an additional authentication, we need to verify your contact details.