DSP Banking & PSU Debt Fund
Plan type

	CAGR since inception

Scheme Type:

Scheme Risk:
Moderate Risk
Age:
11 years 9 months since Sep 14, 2013
AUM:
Rs. 4,218.69 crores as of Jun 30, 2025
Horizon:
3 Years+
Benchmark:
Nifty Banking & PSU Debt Index A-…
Potential Risk Class Matrix
Benchmark Risk:
Low to Moderate Risk
Goal:
Income Generation

Scheme features

Performance

Cumulative returns

Returns from of Rs. invested

Show:

Annualized Returns

Absolute Returns

This scheme		Nifty Banki…	CRISIL 10 Y…	Gold	PPF
NA	vs	NA	NA	NA	NA
NA	vs	NA	NA	NA	NA

Scheme disclaimers »

Returns calculator

	This scheme	Nifty Banki… ^#	CRISIL 10 Y… ^#	Gold	PPF
# Returns do not reflect any income distribution cum capital withdrawal (IDCW) distribution

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Returns summary

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Rolling returns

	1 Year	3 Years	5 Years	10 Years
# Rolling returns have been calculated based on returns from regular plan growth option.

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Fund Managers

Shantanu Godambe

Total work experience of 18 years. Managing this fund since June 2023. See all funds managed by Shantanu Godambe »
Sandeep Yadav

Total work experience of 22 years. Managing this fund since August 2024. See all funds managed by Sandeep Yadav »

Investment Objective

The investment objective of the Scheme is to seek to generate income and capital appreciation by primarily investing in a portfolio of high quality debt and money market securities that are issued by banks and public sector entities/undertaki ...more

Scheme Description

Minimum investment in Debt instruments of banks, Public Sector Undertakings, Public Financial Institutions- 80% of total assets

Scheme Documents

KIM & Application

Historical Returns

In SEBI format

Comparative performance of DSP Banking & PSU Debt Fund as of
	DSP Banking & PSU D…	Nifty Banki… ^{^}	CRISIL 10 Y… ^#
Date of allotment: Sep 14, 2013. 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 28, 2013 See all funds managed by Shantanu Godambe » See all funds managed by Sandeep Yadav » Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments ^ Fund Benchmark # Additional Benchmark

Scheme disclaimers »

Portfolio as of Jun 30, 2025

Equity

Market capitalization

No data to display

Sector allocation

No data to display

Debt & debt instruments

Credit rating profile

No data to display

Instrument break-up

No data to display

Top 5 instruments by holding
Name	% of Net Assets
8.51% GOI FRB 2033	6.29%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT	4.31%
8.30% GOI 2042	4.1%
6.75% GOI 2029	3.91%
7.09% GOI 2054	3.43%
See detailed debt holdings »

Prescribed Asset Allocation

80% - 100% Money market and debt securit…
0% - 20% Government securities, Other …

Current Asset Allocation as of Jun 30, 2025

Debt Instruments see breakup 99.89% (99.89}%)

Indicators

Yield to Maturity
6.68 %
Modified Duration
4.18 Years
Portfolio Macaulay Duration
4.42 Years
Average Maturity
7.30 Years

Shantanu Godambe

Shantanu has a total work experience of Over 16 years. He joined DSP Asset Managers in March 2023 as Vice President in Fixed Income Team. Shantanu has also worked with Yes Bank Ltd as a Rates Trader. He has cleared CFA from CFA Institute, MS (Finance) from ICFAI University and B.Com from Mumbai University.

All Funds managed by Shantanu Godambe
Sr. No.	Scheme Name	Managing since	Period
Sr. No.	Scheme Name	Managing since	1 Year		3 Years		5 Years
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

Sandeep Yadav

Sandeep has a total work experience of mare than 20 years. He joined DSP Mutual Funds in September 2021 as Senior Vice President - Fixed Income Investments. Sandeep has previously worked for Yes Bank, and had headed the Derivatives Structuring, Fixed Income Trading and Primary Dealership. Prior to that Sandeep had worked in Technology space in Cognizant Technologies, Hughes Services and Mahindra British Telecom. He is a Computer Engineer (Pune University) and PGDBM (IIM Bangalore). Sandeep is also a CFA chartered holder.

All Funds managed by Sandeep Yadav
Sr. No.	Scheme Name	Managing since	Period
Sr. No.	Scheme Name	Managing since	1 Year		3 Years		5 Years
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

Debt holdings for DSP Banking & PSU Debt Fund

Bonds & NCDs64.39%

Name	Rating	% of Net Assets
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT	AAA	4.31%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA	AAA	3.18%
INDIAN RAILWAY FINANCE CORPORATION LIMITED	AAA	2.63%
STATE BANK OF INDIA	AAA	2.59%
POWER GRID CORPORATION OF INDIA LIMITED	AAA	2.53%
POWER GRID CORPORATION OF INDIA LIMITED	AAA	2.51%
GAIL (INDIA) LIMITED	AAA	2.51%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT	AAA	2.46%
HDFC BANK LIMITED	AAA	2.44%
NATIONAL BANK FOR FINANCING INFRASTRUCTURE AND DEVELOPMENT	AAA	1.94%
REC LIMITED	AAA	1.86%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA	AAA	1.85%
REC LIMITED	AAA	1.84%
POWER FINANCE CORPORATION LIMITED	AAA	1.84%
REC LIMITED	AAA	1.83%
BAJAJ FINANCE LIMITED	AAA	1.57%
POWER FINANCE CORPORATION LIMITED	AAA	1.29%
POWER FINANCE CORPORATION LIMITED	AAA	1.26%
BAJAJ FINANCE LIMITED	AAA	1.25%
POWER FINANCE CORPORATION LIMITED	AAA	1.25%
POWER GRID CORPORATION OF INDIA LIMITED	AAA	1.25%
NATIONAL HOUSING BANK	AAA	1.23%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT	AAA	1.23%
INDIAN RAILWAY FINANCE CORPORATION LIMITED	AAA	1.23%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA	AAA	1.23%
STATE BANK OF INDIA	AAA	1.22%
INDIAN RAILWAY FINANCE CORPORATION LIMITED	AAA	1.22%
NTPC LIMITED	AAA	1.21%
NATIONAL HOUSING BANK	AAA	1.2%
INDIAN RAILWAY FINANCE CORPORATION LIMITED	AAA	1.2%
REC LIMITED	AAA	1.18%
POWER FINANCE CORPORATION LIMITED	AAA	0.64%
POWER FINANCE CORPORATION LIMITED	AAA	0.64%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA	AAA	0.64%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA	AAA	0.63%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA	AAA	0.63%
REC LIMITED	AAA	0.62%
NTPC LIMITED	AAA	0.62%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT	AAA	0.62%
INDIAN RAILWAY FINANCE CORPORATION LIMITED	AAA	0.61%
POWER GRID CORPORATION OF INDIA LIMITED	AAA	0.6%
REC LIMITED	AAA	0.6%
NATIONAL BANK FOR FINANCING INFRASTRUCTURE AND DEVELOPMENT	AAA	0.6%
NATIONAL BANK FOR FINANCING INFRASTRUCTURE AND DEVELOPMENT	AAA	0.6%

64.5% of Debt instruments

Government Securities (Central/State)22.45%

Name	Rating	% of Net Assets
8.51% GOI FRB 2033	SOVEREIGN	6.29%
8.30% GOI 2042	SOVEREIGN	4.1%
6.75% GOI 2029	SOVEREIGN	3.91%
7.09% GOI 2054	SOVEREIGN	3.43%
6.98% GOI 2054	SOVEREIGN	1.18%
7.30% GOI 2053	SOVEREIGN	0.98%
6.90% GOI 2065	SOVEREIGN	0.82%
7.17% GOI 2030	SOVEREIGN	0.75%
7.32% GOI 2030	SOVEREIGN	0.5%
6.79% GOI 2034	SOVEREIGN	0.49%

22.5% of Debt instruments

Money market instruments11.54%

Name	Rating	% of Net Assets
AXIS BANK LIMITED	A1+	2.32%
HDFC BANK LIMITED	A1+	2.28%
BANK OF BARODA	A1+	1.17%
CANARA BANK	A1+	1.15%
HDFC BANK LIMITED	A1+	1.15%
PUNJAB NATIONAL BANK	A1+	0.58%
BANK OF BARODA	A1+	0.58%
UNION BANK OF INDIA	A1+	0.58%
UNION BANK OF INDIA	A1+	0.58%
INDIAN BANK	A1+	0.58%
KOTAK MAHINDRA BANK LIMITED	A1+	0.57%

11.6% of Debt instruments

TREPS1.32%

Name	Rating	% of Net Assets
TREPS / REVERSE REPO INVESTMENTS	--	1.32%

1.3% of Debt instruments

Mutual-funds0.19%

Name	Rating	% of Net Assets
SBI FUNDS MANAGEMENT PVT LTD/FUND PARENT	Mutual Funds	0.19%

0.2% 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.
Pursuant to payments of Income Distribution cum Capital Withdrawal, the NAV of the IDCW option(s) of Schemes would fall to the extent of payout, and statutory levy, if any.
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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Performance

Historical Returns

Portfolio as of Jun 30, 2025

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DSP Equity Savings Fund presentation

Shantanu Godambe

Sandeep Yadav

Debt holdings for DSP Banking & PSU Debt Fund

Bonds & NCDs64.39%

Government Securities (Central/State)22.45%

Money market instruments11.54%

TREPS1.32%

Mutual-funds0.19%

DSP Banking & PSU Debt Fund presentation