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DSP Nifty Bank Index Fund

DSP Nifty Bank Index Fund

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Benchmark: Nifty Bank TRI info icon

This is an Equity, Index fund with Nifty Bank TRI as its benchmark. The risk level for this fund is categorized as Very High Risk.

Age of Fund

NA

Exit Load

Nil  

Ideal holding period

10 Years+

Things to know before you invest

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What is in DSP Nifty Bank Index Fund?

  1. 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.
  1. Banking is a structural story - the sector has been a key driver of economic growth in India.
  2. The index has historically delivered better returns on average when compared to Nifty 50 over 5 year rolling periods.
  3. As the fund only replicates an index & does not have an 'active' fund manager, it carries no human decision-making bias.
  1. Consider this fund if you
    • intend to participate in the growth story of Indian banking sector
    • can stay invested for 5+ years
    • are okay with stretches of underperformance when the sector is out of favour
    • are looking to add tactical exposure to banks
  1. DSP Nifty Bank Index Fund provides exposure only to the Banking sector, leading to concentration risk.
  2. This fund can have higher volatility as compared to other diversified equity funds.
  3. This fund can underperform diversified equity funds in the short-term.

Fund managers:

Anil Ghelani

Anil Ghelani

Total work experience of 26 years. Managing this fund since May 2024.
Total work experience of 26 years. Managing this fund since May 2024.

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Diipesh Shah

Diipesh Shah

Total work experience of 22 years. Managing this fund since May 2024.
Total work experience of 22 years. Managing this fund since May 2024.

right arrow iconSee funds managed by him

Compare Performance

Note:Under SEBI regulations, the performance of this fund can’t be displayed as it has been in existence for less than 1 year.

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 Bank TRI

Nifty Bank 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 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

Equity
Index Fund

An open ended scheme replicating/ tracking Nifty Bank Index

Riskometer

Level of Risk in the fund

View details

Minimum Investment

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