DSP Banking & Financial Services Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV as on 21-02-2025
₹ 11.74
▲0.5%
1D
Inception Returns
14.6%
/yr
About DSP Banking & Financial Services Fund Direct Growth
DSP Banking & Financial Services Fund Direct Growth is an equity fund. This fund was started on 8 December, 2023. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- DSP Banking & Financial Services Fund Direct Growth has ₹1012 Cr worth of assets under management (AUM) as on Jan 2025 and is less than category average.
- The fund has an expense ratio 0.7.
Returns
DSP Banking & Financial Services Fund Direct Growth has given a CAGR return of 14.64% since inception. Over the last 1 year the fund has given a CAGR return of 16.32%.
Holdings
DSP Banking & Financial Services Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech. Its top holdings are ICICI Bank Ltd, Bajaj Finserv Ltd, HDFC Bank Ltd, State Bank of India, Cholamandalam Investment and Finance Co Ltd
Taxation
As it is a sector - financial services mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
Investment objective of DSP Banking & Financial Services Fund Direct Growth
The primary investment objective of the scheme is to seek to generate returns through investment in domestic and overseas equity and equity related securities of companies engaged in banking and financial services sector. There is no assurance that the investment objective of the Scheme will be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. DSP Banking & Financial Services Fund Direct Growth has no lock in period.
Historical NAV & Returns
DSP Banking & Financial Services Fund Direct Growth Overview
| Expense ratio | 0.71% |
Benchmark | S&P BSE BANKEX INR |
| AUM | ₹1012 Cr |
| Inception Date | 8 December, 2023 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 0.5% |
| Lock In | No Lock-in |
TurnOver | 0% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (21-Feb-25)
Fund Distribution
as on (31-Jan-25)
- AUM of the fund stands at 1K Cr as of Jan'25
- AUM decreased by 12.2 Cr between Jan'25 and Dec'24
Top 2 Sectors in January were Financial Services, Tech
Top Growth Drivers | 1M Return |
|---|---|
 Bajaj Finance Ltd | 13.4% |
 Cholamandalam Investment & Finance Company Ltd | 10.3% |
 Bajaj Finserv Ltd | 8.1% |
DSP Banking & Financial Services Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹1012 Cr
Expense Ratio 0.71%
Frequently Asked Questions for DSP Banking & Financial Services Fund Direct Growth
DSP Banking & Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.26% | 0.26% |
6 Month Returns | 4.61% | 4.61% |
1 Year Returns | 16.32% | 16.32% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
DSP Banking & Financial Services Fund Direct Growth | 6.92 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
DSP Banking & Financial Services Fund Direct Growth | 1 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
DSP Banking & Financial Services Fund Direct Growth | 0.65 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
DSP Banking & Financial Services Fund Direct Growth | 13.05 | - | - |