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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

49.98K people have invested in this fund

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Return:

This fund

18.00%

Nifty Financial Services TRI

14.30%

NIFTY 50 TRI

14.15%

Invested

Earning

This fund

18.00%

Nifty Financial Services TRI

14.30%

NIFTY 50 TRI

14.15%

team 49.98K 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

1,035.02 crores as of Nov 30, 2024

Age of Fund

1 years 3 days since Dec 08, 2023

Expense Ratio

2.19% as of Dec 10, 2024

Exit Load

0.5% If redeemed between 0 - 1 Months

Ideal holding period

10 Years+

Holdings

as of Nov 30, 2024

HDFC Bank Limited

15.62%

ICICI Bank Limited

14.13%

State Bank of India

7.66%

Bajaj Finserv Limited

6.89%

Cholamandalam Investment and Finance Company Limited

5.36%

Power Finance Corporation Limited

4.74%

Bajaj Finance Limited

4.45%

Large Cap

81.30%

Mid Cap

10.30%

Small Cap

8.50%

Banks

51.00%

Finance

34.20%

Capital Markets

8.20%

Insurance

6.60%

Rolling Returns

Bars show distribution of returns in given range for selected time period.

View performance details

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 lows, 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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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 Nov 30, 2024

Top holdings

HDFC Bank Limited

15.62%

ICICI Bank Limited

14.13%

State Bank of India

7.66%

Bajaj Finserv Limited

6.89%

Cholamandalam Investment and Finance Company Limited

5.36%

Allocation by Market Cap

Large Cap

81.30%

Mid Cap

10.30%

Small Cap

8.50%

Top Sectors

Banks

44.29%

Finance

29.74%

Capital Markets

7.08%

Insurance

5.75%

Top holdings

No Data to display

Top holdings

TREPS / Reverse Repo Investments

10.63%

Cash & cash equivalents

2.51%

Credit rating profile

Cash & Equivalent

99.70%

Instrument break-up

TREPS

100.00%


Indicators

Portfolio turnover ratio

0.47 last 12 months

Compare Performance

Performance highlights over last

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  • Historical Returnsas of with investment of10,000

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 IDCW per unit NAV Before NAV After

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%

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.

^ Fund Benchmark # Additional Benchmark

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
Riskometer

Minimum Investment

Rs.  100 Lumpsum
Rs.  100 SIP– 12 instalments
Rs.  100 Minimum Additional Purchase

team 49.98K peoplehave invested in this fund as of