Invest in DSP Nifty Bank Index Fund Direct ‐ Today's NAV

DSP Nifty Bank Index Fund

Total AUM

₹57.95 crores
as of Jan 31, 2026

Age of Fund

1 years 8 months since May 31, 2024

Expense Ratio

0.2%
as of Feb 13, 2026

Exit Load

Nil

Ideal holding period

10 Years+

Portfolio as of Jan 31, 2026

Equity 100.0%
Debt 0.0%

Indian (100.0%)

Large Cap	81.6%
Mid Cap	18.4%

Holdings
Sectors

Holdings	Weight %
HDFC Bank Limited	22.0 %
ICICI Bank Limited	18.2 %
State Bank of India	10.4 %
Axis Bank Limited	10.1 %
Kotak Mahindra Bank Limited	8.9 %
The Federal Bank Limited	5.0 %
IndusInd Bank Limited	4.2 %
Bank of Baroda	3.9 %
IDFC First Bank Limited	3.8 %
AU Small Finance Bank Limited	3.8 %
Canara Bank	3.4 %
Punjab National Bank	3.2 %
Yes Bank Limited	1.7 %
Union Bank of India	1.7 %
View All Holdings	100.0 % 90.1 %

Sectors Weight %

Banks 100.0 %

HDFC Bank Limited 22.0 %

ICICI Bank Limited 18.2 %

State Bank of India 10.4 %

Axis Bank Limited 10.1 %

Kotak Mahindra Bank Limited 8.9 %

The Federal Bank Limited 5.0 %

IndusInd Bank Limited 4.2 %

Bank of Baroda 3.9 %

IDFC First Bank Limited 3.8 %

AU Small Finance Bank Limited 3.8 %

Canara Bank 3.4 %

Punjab National Bank 3.2 %

Yes Bank Limited 1.7 %

Union Bank of India 1.7 %

Expand All

100.0 %

Equity includes Stocks, Domestic Fund of Funds and ETFs

Indian (0.0%)

Credit rating profile	Weight %
Cash & Equivalent	0.0 %

Instrument break-up	Weight %
TREPS	0.3 %

Holdings	Weight %
TREPS / Reverse Repo Investments	0.3 %
Cash & cash equivalents	-0.2 %
	0.0 %

Indicators

Portfolio turnover ratio

0.32 last 12 months

Tracking Error

0.05 %

Tracking Error (Abs.)

0.004 %

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 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 Bank TRI

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%

Date of allotment: May 31, 2024.

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 Direct 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 Bank Index Fund?

DSP Nifty Bank Index Fund is an open-ended scheme replicating/ tracking Nifty Bank Index. The index comprises of 12 most liquid and large Indian banking stocks.

Why should one invest in DSP Nifty Bank Index Fund?

Banking is a structural story - the sector has been a key driver of economic growth in India.
The index has historically delivered better returns on average when compared to Nifty 50 over 5 year rolling periods.
As 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 Bank Index Fund?

Consider this fund if you
- intend to participate in the growth story of Indian banking sector
- can stay invested for 7+ years
- are okay with stretches of underperformance when the sector is out of favour
- are looking to add tactical exposure to banks

Rethink before you invest

DSP Nifty Bank Index Fund provides exposure only to the Banking sector, leading to concentration risk.
This fund can have higher volatility as compared to other diversified equity funds.
This fund can underperform diversified equity funds in the short-term.

Fund managers:

Anil Ghelani, CFA

Total work experience of 28 years. Managing this fund since May 2024.

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Total work experience of 28 years. Managing this fund since May 2024.

arrow_forwardSee funds managed by him

Diipesh Shah

Total work experience of 24 years. Managing this fund since May 2024.

arrow_forwardSee funds managed by him

Total work experience of 24 years. Managing this fund since May 2024.

arrow_forwardSee funds managed by him

Anil has been working with the 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 the 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 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 has been working with DSP since September 2019 as a Dealer for ETF and Passive Investments. He is now also the Fund Manager of various schemes of DSP Mutual Fund. Diipesh has also worked with JM Financial Institutional Broking Limited, Centrum Broking Limited, IDFC Securities Limited, and Kotak Securities Limited in 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 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 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

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+1 days (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+1 business days. 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+1 business days 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.