DSP Nifty Private Bank Index Fund

Benchmark: NIFTY Private Bank TRI

3.61K people have invested in this fund

team 3.61K people have invested in this fund as of

Total AUM

₹26.38 crores
as of Jul 31, 2025

Age of Fund

6 months since Feb 14, 2025

Expense Ratio

1.0%
as of Aug 22, 2025

Exit Load

Nil

Ideal holding period

10 Years+

Indian (99.7%)

Large Cap	81.4%
Mid Cap	16.0%
Small Cap	2.6%

Holdings
Sectors

Holdings	Weight %
ICICI Bank Limited	22.9 %
HDFC Bank Limited	22.5 %
Kotak Mahindra Bank Limited	18.1 %
Axis Bank Limited	17.7 %
IndusInd Bank Limited	4.6 %
The Federal Bank Limited	4.3 %
IDFC First Bank Limited	3.9 %
Yes Bank Limited	3.1 %
RBL Bank Limited	1.4 %
Bandhan Bank Limited	1.2 %
	99.7 %

Sectors Weight %

Banks 99.7 %

ICICI Bank Limited 22.9 %

HDFC Bank Limited 22.5 %

Kotak Mahindra Bank Limited 18.1 %

Axis Bank Limited 17.7 %

IndusInd Bank Limited 4.6 %

The Federal Bank Limited 4.3 %

IDFC First Bank Limited 3.9 %

Yes Bank Limited 3.1 %

RBL Bank Limited 1.4 %

Bandhan Bank Limited 1.2 %

Expand All

99.7 %

Equity includes Stocks, Domestic Fund of Funds and ETFs

Indian (0.3%)

Credit rating profile	Weight %
Cash & Equivalent	100.0 %

Instrument break-up	Weight %
TREPS	100.0 %

Holdings	Weight %
Cash & cash equivalents	0.3 %
TREPS / Reverse Repo Investments	0.0 %
	0.3 %

Indicators

Portfolio turnover ratio

0.11 last 12 months

Tracking Error

0.14 %

Tracking Error (Abs.)

0.009 %

View Top Group Holdings

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

	This fund		NIFTY Private Bank TRI ^{^}		NIFTY 50 TRI ^#		Tracking difference
	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 Private Bank TRI

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: Feb 14, 2025.

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 Nifty Private Bank Index Fund?

DSP Nifty Private Bank Index Fund replicates Nifty Private Bank Index which includes ten largest Private Banks of India.
The portfolio reconstitution of the index (i.e. changes to the underlying constituents) happens on a half-yearly basis.

Why should one invest in DSP Nifty Private Bank Index Fund?

Ideal option to get dedicated exposure to Private Banks.
Nifty Private Bank Index has historically delivered better returns compared to Nifty 50 - but it also carries higher risk (especially concentration risk).
Since the fund only replicates an index & does not have an 'active' fund manager, it carries no human decision-making bias.

Who should invest in DSP Nifty Private Bank Index Fund?

Consider this fund if you
- Are looking to invest in top private banks of India.
- Believe large banks will continue to become larger.
- Are an experienced investor & know what you're doing.
- Are okay with extended periods of higher volatility.
- Recognize market falls as good opportunities to invest more.

Rethink before you invest

DSP Nifty Private Bank Index Fund carries very high concentration risk.
Expect higher fluctuations especially in the short term.

Fund managers:

Anil Ghelani, CFA

Total work experience of 27 years. Managing this fund since February 2025.

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Total work experience of 27 years. Managing this fund since February 2025.

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Diipesh Shah

Total work experience of 24 years. Managing this fund since February 2025.

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Total work experience of 24 years. Managing this fund since February 2025.

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Anil has been working with DSP Group since 2003. The DSP Group has a legacy of more than 160 years, making it one of the oldest and most respected financial services firms in India. He is currently Head of Passive Investments & Products, managing a range of ETFs and Index Funds across asset classes. Previously, he served as the CEO & Chief Investment Officer at DSP Pension Fund Managers. Earlier in his career at DSP, he led the Risk and Quantitative Analysis team providing quantitative research inputs and buy-side credit research on companies across various sectors.
Prior to joining DSP, Anil worked at IL&FS Asset Management Company and at S.R. Batliboi a member firm of EY.
Anil has been a volunteer with the CFA Society India for more than a decade and has served as the Vice Chairman on the board.

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

Diipesh has a total work experience of Over 20 years. He is working with DSP from September 2019 as a Dealer for ETF and Passive Investments. Now he is also Fund Manager of various schemes of DSP Mutual Fund. Diipesh has also worked with JM Financial Institutional Broking Limited, Centrum Boking Limited, IDFC Securities Limited and Kotak Securities Limited as Institutional Equity Sales Trading. He is a Chartered Accountant (ICAI India) and also holds a Bachelor of Commerce Degree.

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 generate returns that are commensurate with the performance of the Nifty Private Bank Index, subject to tracking error.
There is no assurance that the investment objective of the Scheme will be achieved.

Fund Type

Index Fund

An open-ended scheme replicating / tracking Nifty Private Bank Index.

Riskometer

Level of Risk in the fund

View details

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 - Equity Oriented Fund Sub Category - Equity Schemes

Holding period	Capital gain type	Applicable tax rate
More than 12 months	Long term	12.5 %
12 months or less	Short term	20 %

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

3.61K peoplehave invested in this fund as of