DSP Banking & Financial Services Fund

An open ended equity scheme investing in banking and financial services sector.

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Why Consider DSP Banking & Financial Services Fund?

Proven performance
Proven performance

The Nifty Financial Services TRI delivered 17.6% CAGR since Jan 2004, beating the 14% CAGR from Nifty 50 TRI1.

Diversification beyond banks
Diversification beyond banks

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).

Improving fundamentals
Improving fundamentals

The banking non-performing assets (NPAs) are currently at an all-time low3, and robust credit growth has resulted in improved balance sheets. Thus providing you an opportunity to build your investment on a solid foundation.

Global exposure
Global exposure

Your portfolio could get quality exposure to fundamentally sound international BFSI businesses which currently maybe unavailable in India.

Poised for a potential comeback
Poised for a potential comeback

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.

Where exactly does it invest?

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.

  • Private & public sector banks
  • NBFCs
  • Stockbrokers
  • Insurance
  • FinTech platforms
  • Global investments4

Who should invest?


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

Know this before you invest


DSP Banking & Financial Services Fund provides exposure only to the Financial Services sector, leading to concentration risk.


This fund can have higher volatility & drawdowns as compared to diversified equity funds


This fund can underperform diversified equity funds in the short-term

What do you need to invest?

You need a folio with DSP Mutual Fund to invest in the Scheme.

How to invest?

Frequently asked questions

What is the taxation structure?

This fund follows Equity Taxation.

Yes, you can do both an SIP and lumpsum investment in this fund.

Mr. Dhaval Gada and Mr. Jay Kothari (for overseas investments) are the fund managers of this Scheme.


1, 2 Source: Internal. Index Values from MFI Explorer. Data for the period 01 Jan 2004 to 30 Sep 2023. These figures pertain to performance of the index/Model and do not in any manner indicate the returns/performance of the Scheme. It is not possible to invest directly in an index.

3 Source: RBI, Kotak Securities, Morgan Stanley, Internal. Data as of 31 Mar 2023. NPA is considered only for banks.

4 For further details, refer Scheme Information Document and Key Information Memorandum of the scheme.

During the NFO period, you can invest as low as Rs. 100/- and in multiples of Re.1/-. Note that unit allotment (if you invest during the NFO period) units will be issued at a premium approximately equal to the difference between face value and Allotment Price during the NFO and at NAV based prices on an on-going basis

Past performance may or may not be sustained in the future and should not be used as a basis for comparison with other investments.

There is no assurance of any returns/capital protection/capital guarantee to the investors in above mentioned Schemes.

The investment approach / framework/ strategy / portfolio / other data mentioned herein are dated and proposed to be followed by the scheme and the same may change in future depending on market conditions and other factors.

The sector(s) mentioned in this document do not constitute any recommendation of the same and the Fund may or may not have any future position in these sector(s).

For scheme specific risk factors, asset allocation details, load structure, investment objective and more details, please read the Scheme Information Document and Key Information Memorandum of the scheme available at the Investor Service Centers of the AMC and also available on www.dspim.com.

Scheme Name and Type Product Suitability Scheme Riskometer Benchmark^ Riskometer
DSP Banking & Financial Services Fund:

An open ended equity scheme investing in banking and financial services sector.

This scheme is suitable for investors who are seeking*

  • Long term capital growth
  • Investment in equity and equity related securities of banking and financial services companies

* Investors should consult their financial advisers if in doubt about whether the Scheme is suitable for them.

risk image risk image

^Benchmark: Nifty Financial Services TRI

The product labelling assigned during the New Fund Offer (‘NFO’) is based on internal assessment of the Scheme Characteristics or model portfolio and the same may vary post NFO when actual investments are made

For scheme information document, click here.

For product presentation, click here.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

DSP Banking & Financial Services Fund