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DSP Banking & Financial Services Fund

DSP Banking & Financial Services Fund

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Benchmark: Nifty Financial Services TRI info icon

39.29K people have invested in this fund

team 39.29K 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

556.07 crores as of Mar 31, 2024

Age of Fund

4 months since Dec 08, 2023

Expense Ratio

2.38% as of Apr 16, 2024

Exit Load

0.5% If redeemed between 0 - 1 Months

Ideal holding period

10 Years+

Holdings

as of Mar 31, 2024

HDFC Bank Limited

22.92%

ICICI Bank Limited

19.51%

Bajaj Finserv Limited

9.66%

Bajaj Finance Limited

5.85%

REC Limited

5.47%

AU Small Finance Bank Limited

4.77%

Shriram Finance Limited

4.24%

Large Cap

80.30%

Mid Cap

11.70%

Small Cap

8.00%

Banks

55.40%

Finance

37.80%

Capital Markets

6.80%

Things to know before you invest

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What is in DSP Banking & Financial Services Fund?

  1. 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.
  1. The Nifty Financial Services TRI delivered 17.6% CAGR since Jan 2004, beating the 14% CAGR from Nifty 50 TRI.
  2. 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).
  3. 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.
  4. Your portfolio could get quality exposure to fundamentally sound international BFSI businesses which currently maybe unavailable in India.
  5. 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.
  1. 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.
  1. DSP Banking & Financial Services Fund provides exposure only to the Financial Services sector, leading to concentration risk.
  2. This fund can have higher volatility & drawdowns as compared to diversified equity funds
  3. This fund can underperform diversified equity funds in the short-term

Fund managers:

Dhaval Gada

Dhaval Gada

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

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Jay Kothari

Jay Kothari

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

right arrow iconSee funds managed by him

Portfolio

Prescribed asset allocation: 80% - 100% Equity and equity related securities of companies engaged in banking and financial services sector , 0% - 20% Equity and Equity related securities of other Companies , 0% - 20% Debt and money market instruments , 0% - 10% Units of REITs & InvITs

Current Allocation

as of Mar 31, 2024

Top holdings

HDFC Bank Limited

22.92%

ICICI Bank Limited

19.51%

Bajaj Finserv Limited

9.66%

Bajaj Finance Limited

5.85%

REC Limited

5.47%

Allocation by Market Cap

Large Cap

80.30%

Mid Cap

11.70%

Small Cap

8.00%

Top Sectors

Banks

52.57%

Finance

35.85%

Capital Markets

6.42%

Top holdings

TREPS / Reverse Repo Investments / Corporate Debt Repo

10.11%

Cash & cash equivalents

-4.95%

Credit rating profile

Cash & Equivalent

99.90%

Instrument break-up

TREPS

100.00%


Indicators

Portfolio turnover ratio

0.06 last 12 months

Compare Performance

Note: Under SEBI regulations, the performance of this scheme can’t be displayed as it has been in existence for less than 6 months.

Chart type

Invested as

Invested Amount

Invested since

This fund

Vs

Nifty Financial Servic

NIFTY 50 TRI

Gold

PPF

Funds Annual returns Current Value Absolute Growth

Chart type:

Invested as

Invested Amount

Invested period

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

Fund Details

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

team 39.29K peoplehave invested in this fund as of