Invest in DSP Nifty Bank Index Fund Regular Growth Online

DSP Nifty Bank Index Fund

Benchmark: Nifty Bank TRI

13.7K people have invested in this fund

team 13.7K people have invested in this fund as of

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.

Total AUM

₹43.58 crores as of Jun 30, 2024

Age of Fund

2 months since May 15, 2024

Expense Ratio

0.88% as of Jul 26, 2024

Exit Load

Nil

Ideal holding period

10 Years+

Holdings

as of Jun 30, 2024

HDFC Bank Limited

28.23%

ICICI Bank Limited

23.34%

Kotak Mahindra Bank Limited

10.11%

State Bank of India

10.07%

Axis Bank Limited

9.94%

IndusInd Bank Limited

5.50%

Bank of Baroda

2.91%

See all 12 holdings

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 5+ 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 26 years. Managing this fund since May 2024.

See funds managed by him

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

See funds managed by him

Diipesh Shah

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

See funds managed by him

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

See 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

Portfolio

Prescribed asset allocation: 95% - 100% Equity and Equity Related Securities of companies constituting Nifty Bank Index, the Underlying Index , 0% - 5% Cash and Cash Equivalents

Current Allocation

as of Jun 30, 2024

Equity 99.49%
Debt / cash 1.56%

Equity
Debt / Cash

Top holdings

HDFC Bank Limited

28.23%

ICICI Bank Limited

23.34%

Kotak Mahindra Bank Limited

10.11%

State Bank of India

10.07%

Axis Bank Limited

9.94%

Allocation by Market Cap

Large Cap

92.70%

Mid Cap

7.40%

Top Sectors

Banks

99.49%

See all 12 holdings Top Group Holdings

Top holdings

No Data to display

Top holdings

TREPS / Reverse Repo Investments

1.56%

Cash & cash equivalents

-1.05%

Credit rating profile

Cash & Equivalent

102.60%

Instrument break-up

TREPS

100.00%

See 1 holding Top Group Holdings

Indicators

Portfolio turnover ratio

0.04 last 12 months

Tracking Error

0.22 %

Tracking Error (Abs.)

0.014 %

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

Graph viewTable view

Invested as

Invested Amount

₹

Invested since

This fund

Nifty Bank 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%

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

Fund Documents

KIM and Applications

13.7K peoplehave invested in this fund as of

Name	% of Net Assets
HDFC Bank Limited	28.23%
ICICI Bank Limited	23.34%
Kotak Mahindra Bank Limited	10.11%
State Bank of India	10.07%
Axis Bank Limited	9.94%
IndusInd Bank Limited	5.50%
Bank of Baroda	2.91%
The Federal Bank Limited	2.39%
AU Small Finance Bank Limited	2.12%
Punjab National Bank	2.08%
IDFC First Bank Limited	1.85%
Bandhan Bank Limited	0.95%

Name

% of Net Assets

HDFC Bank Limited

28.23%

ICICI Bank Limited

23.34%

Kotak Mahindra Bank Limited

10.11%

State Bank of India

10.07%

Axis Bank Limited

9.94%

IndusInd Bank Limited

5.50%

Bank of Baroda

2.91%

The Federal Bank Limited

2.39%

AU Small Finance Bank Limited

2.12%

Punjab National Bank

2.08%

IDFC First Bank Limited

1.85%

Bandhan Bank Limited

0.95%

Name	% of Net Assets
TREPS / Reverse Repo Investments	1.56%

Email ID
Mobile no.

Email ID	ABH************[email protected]
Mobile no.	******6665

Email ID

ABH************[email protected]

Mobile no.

******6665

	Folio no.	Email ID	Mobile no.
	70****76	abh************[email protected]	******6665
	42***02	abh************[email protected]	******6665

Folio no.

Email ID

Mobile no.

70****76

abh************[email protected]

******6665

42***02

abh************[email protected]

******6665

DSP Nifty Bank Index Fund

DSP Nifty Bank Index Fund

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.

Things to know before you invest

What is in DSP Nifty Bank Index Fund?

Why should one invest in DSP Nifty Bank Index Fund?

Who should invest in DSP Nifty Bank Index Fund?

Rethink before you invest

Fund managers:

Portfolio

Current Allocation

Indicators

Compare Performance

Invested Amount

Invested Amount

Fund Details

Fund Details

Investment Objective

Fund Type

Riskometer

Minimum Investment

Fund Documents

Products Offered

Product Information

For Investors

Other Information

Mobile Number

Email Address

Enter the OTP sent to

updated successfully.

Enter the OTP sent to

updated successfully.

You can opt for your email ID or mobile no. as username too.

DSP Nifty Bank Index Fund

DSP Nifty Bank Index Fund

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.

Things to know before you invest

What is in DSP Nifty Bank Index Fund?

Why should one invest in DSP Nifty Bank Index Fund?

Who should invest in DSP Nifty Bank Index Fund?

Rethink before you invest

Fund managers:

Portfolio

Current Allocation

Indicators

Compare Performance

Invested Amount

Invested Amount

Fund Details

Fund Details

Investment Objective

Fund Type

Riskometer

Minimum Investment

Fund Documents

To proceed, we need to first verify your KYC status.

As an additional authentication, we need to verify your contact details.