DSP Banking and Financial Services Fund

DSP Banking & Financial Services Fund

Total AUM

₹1,666.81 crores
as of Jan 31, 2026

Age of Fund

2 years 2 months since Dec 08, 2023

Expense Ratio

2.06%
as of Feb 16, 2026

Exit Load

0.5%
If redeemed between 0 - 1 Months

Ideal holding period

10 Years+

Portfolio as of Jan 31, 2026

Equity 96.1%
Debt 3.9%

Indian (96.1%)

Large Cap	54.5%
Mid Cap	24.4%
Small Cap	17.1%

Holdings
Sectors

Holdings	Weight %
ICICI Bank Limited	12.9 %
Axis Bank Limited	8.0 %
State Bank of India	7.3 %
Kotak Mahindra Bank Limited	5.5 %
Multi Commodity Exchange of India Limited	5.0 %
SBI Life Insurance Company Limited	4.6 %
Bajaj Finance Limited	4.5 %
HDFC Bank Limited	4.1 %
Ujjivan Small Finance Bank Limited	3.7 %
Aditya Birla Capital Limited	3.6 %
Canara HSBC Life Insurance Company Limited	3.3 %
PB Fintech Limited	2.8 %
Max Financial Services Limited	2.8 %
Nippon Life India Asset Management Limited	2.8 %
Bank of Baroda	2.8 %
Bank of Maharashtra	2.7 %
L & T Finance Limited	2.4 %
Cholamandalam Investment and Finance Company Limited	2.4 %
Canara Robeco Asset Management Company Limited	1.7 %
PNB Housing Finance Limited	1.7 %
Angel One Limited	1.4 %
PRUDENT CORPORATE ADVISORY SERVICES Limited	1.3 %
Shriram Finance Limited	1.2 %
Karur Vysya Bank Limited	1.1 %
Tata Capital Limited	1.0 %
Niva Bupa Health Insurance Company Limited	1.0 %
HDB Financial Services Limited	0.9 %
CSB Bank Limited	0.9 %
Mahindra & Mahindra Financial Services Limited	0.7 %
ICICI Lombard General Insurance Company Limited	0.7 %
Zaggle Prepaid Ocean Services Limited	0.6 %
Seshaasai Technologies Limited	0.6 %
ICICI Prudential Asset Management Co Limited	0.4 %
Life Insurance Corporation of India	0.0 %
Bajaj Finserv Limited	0.0 %
View All Holdings	96.1 % 59.2 %

Sectors Weight %

Banks 48.8 %

ICICI Bank Limited 12.9 %

Axis Bank Limited 8.0 %

State Bank of India 7.3 %

Kotak Mahindra Bank Limited 5.5 %

HDFC Bank Limited 4.1 %

Ujjivan Small Finance Bank Limited 3.7 %

Bank of Baroda 2.8 %

Bank of Maharashtra 2.7 %

Karur Vysya Bank Limited 1.1 %

CSB Bank Limited 0.9 %

Finance 18.3 %

Bajaj Finance Limited 4.5 %

Aditya Birla Capital Limited 3.6 %

Cholamandalam Investment and Finance Company Limited 2.4 %

L & T Finance Limited 2.4 %

PNB Housing Finance Limited 1.7 %

Shriram Finance Limited 1.2 %

Tata Capital Limited 1.0 %

HDB Financial Services Limited 0.9 %

Mahindra & Mahindra Financial Services Limited 0.7 %

Bajaj Finserv Limited 0.0 %

Capital Markets 12.6 %

Multi Commodity Exchange of India Limited 5.0 %

Nippon Life India Asset Management Limited 2.8 %

Canara Robeco Asset Management Company Limited 1.7 %

Angel One Limited 1.4 %

PRUDENT CORPORATE ADVISORY SERVICES Limited 1.3 %

ICICI Prudential Asset Management Co Limited 0.4 %

Insurance 12.4 %

SBI Life Insurance Company Limited 4.6 %

Canara HSBC Life Insurance Company Limited 3.3 %

Max Financial Services Limited 2.8 %

Niva Bupa Health Insurance Company Limited 1.0 %

ICICI Lombard General Insurance Company Limited 0.7 %

Life Insurance Corporation of India 0.0 %

Financial Technology (Fintech) 3.4 %

PB Fintech Limited 2.8 %

Seshaasai Technologies Limited 0.6 %

IT - Services 0.6 %

Zaggle Prepaid Ocean Services Limited 0.6 %

Expand All

96.1 %

Equity includes Stocks, Domestic Fund of Funds and ETFs

Indian (3.9%)

Credit rating profile	Weight %
Cash & Equivalent	3.9 %

Instrument break-up	Weight %
TREPS	3.9 %

Holdings	Weight %
TREPS / Reverse Repo Investments	3.9 %
Cash & cash equivalents	0.0 %
	3.9 %

Indicators

Portfolio turnover ratio

0.63 last 12 months

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 Financial Services TRI ^{^}		NIFTY 50 TRI ^#
	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 Financial Servic…

NIFTY 50 TRI

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%

Click here to view the information ratio of the scheme.

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.

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 & 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 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.

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:

Preethi R S

Managing this fund since October 2025.

arrow_forwardSee funds managed by her

Managing this fund since October 2025.

arrow_forwardSee funds managed by her

Preethi R.S. is an Equity Fund Manager & Research Analyst at DSP Asset Managers Ltd, having joined the firm in September 2025. She began her career in 2012 with UTI AMC, where she covered the Indian Financials and Automotive sectors as an Analyst, before taking on fund management responsibilities in 2022. Preethi holds a PGDM from the Indian Institute of Management, Kozhikode (IIMK), and a degree in Computer Science Engineering from RVCE, Bengaluru.

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 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 – 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

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

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 day (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 business day. Money credited to your bank account by T+2 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+2 business days

NAV You Get	Cut-off Time	Processing Timeline
NAV of this scheme	3:00 PM (business days)	Units added on T business day 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.