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

DSP Nifty Bank Index Fund

Benchmark: Nifty Bank TRI

15.1K people have invested in this fund

team 15.1K people have invested in this fund as of

Total AUM

₹46.88 crores
as of Mar 31, 2025

Age of Fund

11 months since May 31, 2024

Expense Ratio

0.2%
as of Apr 29, 2025

Exit Load

Nil

Ideal holding period

10 Years+

Indian (99.9%)

Large Cap	85.2%
Mid Cap	14.8%

Holdings
Sectors

Holdings	Weight %
HDFC Bank Limited	28.2 %
ICICI Bank Limited	25.4 %
Kotak Mahindra Bank Limited	8.5 %
State Bank of India	8.5 %
Axis Bank Limited	8.4 %
The Federal Bank Limited	3.8 %
IndusInd Bank Limited	3.4 %
Bank of Baroda	3.4 %
IDFC First Bank Limited	2.7 %
Punjab National Bank	2.7 %
AU Small Finance Bank Limited	2.4 %
Canara Bank	2.4 %
View All	99.9 %

Sectors Weight %

Banks 99.9 %

HDFC Bank Limited 28.2 %

ICICI Bank Limited 25.4 %

Kotak Mahindra Bank Limited 8.5 %

State Bank of India 8.5 %

Axis Bank Limited 8.4 %

The Federal Bank Limited 3.8 %

IndusInd Bank Limited 3.4 %

Bank of Baroda 3.4 %

IDFC First Bank Limited 2.7 %

Punjab National Bank 2.7 %

AU Small Finance Bank Limited 2.4 %

Canara Bank 2.4 %

Expand All

99.9 %

Equity includes Stocks, Domestic Fund of Funds and ETFs

Indian (0.1%)

Credit rating profile	Weight %
Cash & Equivalent	100.0 %

Instrument break-up	Weight %
TREPS	100.0 %

Holdings	Weight %
TREPS / Reverse Repo Investments	0.2 %
Cash & cash equivalents	-0.1 %
	0.1 %

Indicators

Portfolio turnover ratio

0.41 last 12 months

Tracking Error

0.11 %

Tracking Error (Abs.)

0.007 %

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

₹

Invested 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

Total work experience of 27 years. Managing this fund since May 2024.

arrow_forwardSee funds managed by him

Total work experience of 27 years. Managing this fund since May 2024.

arrow_forwardSee funds managed by him

Diipesh Shah

Total work experience of 23 years. Managing this fund since May 2024.

arrow_forwardSee funds managed by him

Total work experience of 23 years. Managing this fund since May 2024.

arrow_forwardSee funds managed by him

Anil has been working with DSP Group since 2003 and is currently Head of Passive Investments & Products. Previously, he served as the Business Head & Chief Investment Officer at DSP Pension Fund Managers and prior to that leading the Risk and Quantitative Analysis team at DSP Mutual Fund responsible for monitoring of portfolio risk and buy-side credit research on companies across various sectors. He also worked at IL&FS Asset Management Company and at S.R. Batliboi a member firm of EY. He is currently serving in volunteer capacity as a Director and Vice Chairman of the CFA Society India. Anil is a CFA Charter Holder (CFA Institute USA), Chartered Accountant (ICAI India) and holds a Bachelor of Commerce degree (University of Mumbai).

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 is working with DSP from September 2019 as a Dealer for ETF and Passive Investments. Now he is also Fund Manager of various schemes of DSP Mutual Fund. Diipesh has also worked with JM Financial Institutional Broking Limited, Centrum Boking Limited, IDFC Securities Limited and Kotak Securities Limited as 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.