Invest in DSP Banking & Financial Services Fund Direct IDCW Online

Benchmark: Nifty Financial Services TRI

43.25K people have invested in this fund

team 43.25K 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

₹780.26 crores as of Jun 30, 2024

Age of Fund

7 months since Dec 08, 2023

Expense Ratio

0.76% as of Jul 26, 2024

Exit Load

0.5% If redeemed between 0 - 1 Months

Ideal holding period

10 Years+

Holdings

as of Jun 30, 2024

HDFC Bank Limited

21.58%

ICICI Bank Limited

17.86%

Bajaj Finserv Limited

9.57%

Power Finance Corporation Limited

5.90%

Bajaj Finance Limited

4.78%

Nippon Life India Asset Management Limited

3.75%

Shriram Finance Limited

3.73%

See all 23 holdings

Things to know before you invest

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.

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 low3, 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.

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.

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.

See funds managed by him

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

See funds managed by him

Jay Kothari

Total work experience of 19 years. Managing this fund since November 2023.

See funds managed by him

Total work experience of 19 years. Managing this fund since November 2023.

See funds managed by him

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

Jay Kothari is Senior Vice President, Global Head International Business and Lead Investment Strategist at DSP Asset Manages. He has been with the organisation since May 2005 and with the Equity Investment team since 2011. He brings 19 years of experience across equities and global fund raising. He has an MBA in Finance from Mumbai University and a Bachelor of Management Studies (Finance & International Finance) from Mumbai University. Jay is currently the Dedicated Fund Manager for overseas investments for the following schemes of DSP Mutual Fund.

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

Top holdings

HDFC Bank Limited

21.58%

ICICI Bank Limited

17.86%

Bajaj Finserv Limited

9.57%

Power Finance Corporation Limited

5.90%

Bajaj Finance Limited

4.78%

Allocation by Market Cap

Large Cap

78.10%

Mid Cap

12.20%

Small Cap

10.10%

Top Sectors

Banks

53.26%

Finance

35.52%

Capital Markets

7.58%

Insurance

2.53%

See all 23 holdings

Top holdings

No Data to display

Top holdings

TREPS / Reverse Repo Investments

2.87%

Cash & cash equivalents

-1.76%

Credit rating profile

Cash & Equivalent

101.00%

Instrument break-up

TREPS

100.00%

See 1 holding

Indicators

Portfolio turnover ratio

0.17 last 12 months

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%

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

Name	% of Net Assets
HDFC Bank Limited	21.58%
ICICI Bank Limited	17.86%
Axis Bank Limited	3.24%
State Bank of India	3.15%
AU Small Finance Bank Limited	3.12%
Bank of India	1.84%
CSB Bank Limited	1.46%
Union Bank of India	1.01%

Name	% of Net Assets
Bajaj Finserv Limited	9.57%
Power Finance Corporation Limited	5.90%
Bajaj Finance Limited	4.78%
Shriram Finance Limited	3.73%
Cholamandalam Investment and Finance Company Limited	3.72%
L & T Finance Limited	3.11%
Manappuram Finance Limited	2.13%
Can Fin Homes Limited	1.55%
Fusion Micro Finance Limited	0.87%
IIFL Finance Limited	0.16%

Name	% of Net Assets
Nippon Life India Asset Management Limited	3.75%
Kfin Technologies Limited	2.54%
PRUDENT CORPORATE ADVISORY SERVICES Limited	0.78%
5Paisa Capital Limited	0.51%

Name	% of Net Assets
Life Insurance Corporation of India	2.53%

Name	% of Net Assets
TREPS / Reverse Repo Investments	2.87%

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 scheme's income distribution cum capital withdrawal (IDCW) plans.
Performance is always compared against the latest benchmark of the scheme irrespective of the date of change of scheme'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.
PPF interest rate is assumed at 8.7% p.a. & interest received is compounded daily for the returns illustration in the charts.
Tracking Difference is computed as the difference between the performance of the Scheme and its Benchmark in annualised term.
Tracking Difference shall be disclosed only if the Scheme has completed 1 year period.
Fund returns used for computation are net of TER and of Growth option and benchmark returns are of total return index.
For DSP NIFTY 1D Rate Liquid ETF, growth returns are computed based on IDCW plan assuming reinvestment of payouts but gross of statutory taxes & levies and net of TER.

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

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