DSP Banking & PSU Debt Fund

Total AUM

₹3,696.34 crores
as of Jan 31, 2026

Age of Fund

12 years 5 months since Sep 14, 2013

Expense Ratio

0.6%
as of Feb 23, 2026

Exit Load

Nil

Ideal holding period

3 Years+

Portfolio as of Jan 31, 2026

Debt 99.7%
Others 0.3%

Indian (99.7%)

Credit rating profile	Weight %
SOVEREIGN	18.9 %
AAA	73.9 %
A1+	6.9 %
Cash & Equivalent	0.0 %

Instrument break-up	Weight %
Bonds & NCDs	73.9 %
Government Securities (Central/State)	18.9 %
Money market instruments	6.9 %
TREPS	3.7 %

Holdings	Weight %
National Bank for Agriculture and Rural Development	5.1 %
6.90% GOI 2065	4.5 %
6.48% GOI 2035	4.1 %
TREPS / Reverse Repo Investments	3.7 %
8.51% GOI FRB 2033	3.6 %
Small Industries Development Bank of India	3.5 %
Power Grid Corporation of India Limited	3.0 %
HDFC Bank Limited	2.9 %
Indian Railway Finance Corporation Limited	2.9 %
Bharti Telecom Limited	2.8 %
GAIL (India) Limited	2.7 %
Bharti Telecom Limited	2.7 %
Power Grid Corporation of India Limited	2.7 %
6.28% GOI 2032	2.7 %
Power Finance Corporation Limited	2.2 %
REC Limited	2.2 %
National Bank for Agriculture and Rural Development	2.2 %
Small Industries Development Bank of India	2.2 %
REC Limited	2.2 %
REC Limited	2.1 %
Power Finance Corporation Limited	2.0 %
7.32% GOI 2030	2.0 %
National Bank for Financing Infrastructure and Development	1.5 %
Small Industries Development Bank of India	1.5 %
Indian Railway Finance Corporation Limited	1.5 %
Power Grid Corporation of India Limited	1.4 %
National Housing Bank	1.4 %
Bajaj Finance Limited	1.4 %
Indian Railway Finance Corporation Limited	1.4 %
State Bank of India	1.4 %
National Bank for Agriculture and Rural Development	1.4 %
Indian Railway Finance Corporation Limited	1.4 %
Indian Railway Finance Corporation Limited	1.4 %
Power Finance Corporation Limited	1.4 %
Power Finance Corporation Limited	1.4 %
REC Limited	1.4 %
Axis Bank Limited	1.3 %
HDFC Bank Limited	1.3 %
Bharti Telecom Limited	1.3 %
7.30% GOI 2053	1.1 %
6.01% GOI 2030	0.9 %
HDFC Bank Limited	0.9 %
State Bank of India	0.9 %
National Bank for Agriculture and Rural Development	0.7 %
Indian Railway Finance Corporation Limited	0.7 %
Tata Capital Housing Finance Limited	0.7 %
HDFC Bank Limited	0.7 %
NTPC Limited	0.7 %
National Bank for Financing Infrastructure and Development	0.7 %
REC Limited	0.7 %
REC Limited	0.7 %
Bajaj Finance Limited	0.7 %
Small Industries Development Bank of India	0.7 %
Small Industries Development Bank of India	0.7 %
Power Grid Corporation of India Limited	0.7 %
Small Industries Development Bank of India	0.7 %
Power Finance Corporation Limited	0.7 %
HDFC Bank Limited	0.7 %
HDFC Bank Limited	0.7 %
Axis Bank Limited	0.7 %
Bajaj Finance Limited	0.1 %
Cash & cash equivalents	-3.7 %
View All Holdings	99.7 %35.9 %

Holdings	Weight %
SBI Funds Management Pvt Ltd/Fund Parent	0.3 %
	0.3 %

Indicators

Yield to Maturity

7.22 %

Modified Duration

3.91 Years

Portfolio Macaulay Duration

4.15 Years

Average Maturity

6.75 Years

Performance

Performance highlights over last

for

investment

Cumulative returns on

Annual returns

Current value

Min CAGR:

MedianCAGR:

Max CAGR:

Good Returns

Negative Returns

vs Fixed Deposit

vs Category

vs Benchmark

Historical Returns (As per SEBI format)as of with investment of₹10,000

	This fund		Nifty Banking & PSU Debt Index… ^{^}		CRISIL 10 Year Gilt In… ^#
	CAGR	Current Value	CAGR	Current Value	CAGR	Current Value

Income distribution Cum Capital Withdrawal (IDCW) Distributed

Record Date	Face Value	IDCW per unit	NAV Before	NAV After

Chart type

Graph viewTable view

Invested as

Invested Amount

₹

Invested since

This fund

Nifty Banking & PSU De…

CRISIL 10 Year Gilt In…

Gold

PPF

	Funds	Annual returns	Current Value	Absolute Growth	IDCW paid

Chart type:

Returns RangesStatistics

Invested Amount

₹

Rolling period

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

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 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.

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.

^ Fund Benchmark # Additional Benchmark

Scheme disclaimers

Fund Details

Things to know before you invest

What is in DSP Banking & PSU Debt Fund?

Banking & PSU Debt fund invests in high quality debt securities of banks & public sector companies.
It invests 100% in AAA rated bonds across duration.
Duration is managed actively to provide investor better risk adjusted returns.

Why should one invest in DSP Banking & PSU Debt Fund?

Earn potentially stable & consistent investment income.
High quality portfolio.
A credible alternative to a single 3-year bank FD.
One can also think of this fund as a combination of 'FDs'.
Active management can aid in generating alpha over FDs.

Who should invest in DSP Banking & PSU Debt Fund?

Consider this fund if you
- Are a relatively new debt market investor.
- Are willing & able to remain invested for at least 3 years.
- Diversify your portolio of FDs.

Rethink before you invest

Banking & PSU Debt Fund carries Moderate Risk.
Even though this is a debt scheme, losses may be possible under rare circumstances.

Fund managers:

Shantanu Godambe

Total work experience of 18 years. Managing this fund since June 2023.

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Total work experience of 18 years. Managing this fund since June 2023.

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Sandeep Yadav

Total work experience of 23 years. Managing this fund since August 2024.

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Total work experience of 23 years. Managing this fund since August 2024.

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

Sandeep has a total work experience of more than 20 years. He joined DSP Mutual Fund in September 2021 as Senior Vice President ? Fixed Income Investments. Sandeep has previously worked at Yes Bank, where he headed Derivatives Structuring, Fixed Income Trading, and Primary Dealership. Prior to that, Sandeep worked in the technology space at Cognizant Technologies, Hughes Services, and Mahindra British Telecom. He is a Computer Engineer from Pune University and holds a PGDBM from IIM Bangalore. Sandeep is also a CFA charterholder.

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

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/undertakings.
There is no assurance that the investment objective of the Scheme will be realized.

Fund Type

Debt – Income

Banking and PSU Fund

An open ended debt scheme predominantly investing in Debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.
A relatively high interest rate risk and relatively low credit risk.

Riskometer

Level of Risk in the fund

View details

Potential Risk Class Matrix : A-III

A-III is the potential risk class matrix of DSP Banking & PSU Debt Fund based on interest rate & credit risk.

Minimum Investment

Lumpsum ₹ 100
SIP ₹ 100 (12 instalments)
Additional purchase ₹ 100

Tax Implications (Applies to redemptions or transfers made on or after April 1, 2025)

Taxation category - Specified Mutual Fund Sub Category - Unlisted Debt schemes

Holding period	Capital gain type	Applicable tax rate
Not Applicable	Long term	Not Applicable
Not Applicable	Short term	Applicable Rate

Mutual fund taxation is based on the fund's taxation category, sub-category, and holding period. The applicable tax rates are subject to prevailing tax laws, including surcharges, cess, and exemptions. Please consult a tax advisor for personalized guidance. View detailed tax guide

Transaction timelines

Purchase (including SIP) Redemption (including SWP) Switch-out (including STP-out) Switch-in (including STP-in)

NAV You Get	Cut-off Time	Processing Timeline
Same-day NAV (if money is received before cut-off)	3:00 PM (business days)	Units added to your folio on T+1 days (if money is received before cut-off).

NAV You Get	Cut-off Time	Processing Timeline
Same-day NAV (if request is placed before cut-off)	3:00 PM (business days)	Redemption processed on T+1 business days. Money credited to your bank account by T+1 business days.

NAV You Get	Cut-off Time	Processing Timeline
Same-day NAV (if request is placed before cut-off)	3:00 PM (business days)	Switch-out processed on T+1 business days

NAV You Get	Cut-off Time	Processing Timeline
NAV of this scheme	3:00 PM (business days)	Units added on T+1 business days after the switch-out from the source scheme.

NAV You Get	Cut-off Time	Processing Timeline
NA	NA	Money credited instantly.

Requests after cut-off are processed using next business day's NAV.
Business days: Monday to Friday (excluding public holidays).
No transactions are processed on weekends or public holidays. Click here to view the list of Non-Business Days.
T+1, T+3, T+5 refer to 1 / 3 / 5 working days after the transaction day.
Kindly note that the processing timeline for Switch-In transactions is governed by the TAT of the respective Switch-Out scheme. Hence the Switch-Out TAT should be referred to for estimating the Switch-In timeline.