DSP Banking & Financial Services Fund
- NAV as on 9 Nov 2026
- ₹14.74+0.31%1 day
- Return since launch
- 13.9%
- 52-week range
- ₹12.52 — ₹15.33
- AUM
- ₹2,034 Cr
DSP Banking & Financial Services Fund is a Sectoral-Banking equity fund from DSP Mutual Fund with ₹2,034 Cr under management, launched in 2023. The expense ratio is 2.18% and the SEBI riskometer reading is Very High.
Performance
DSP Banking & Financial Services Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +5.8% against +2.0% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.4% | +4.2 pts | 2.2% | 6.9% |
| 2Y | 10.3% | +3.2 pts | 7.1% | 7.4% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 5.3% | −1.8 pts | 7.1% | 7.0% |
| 3M | -2.2% | −3.4 pts | 1.1% | 2.1% |
| 6M | 4.3% | −1.8 pts | 6.1% | 6.7% |
| 1Y | 5.8% | +3.6 pts | 2.2% | 2.0% |
| 2Y | 11.6% | +4.3 pts | 7.3% | 6.9% |
Since launch (20 Nov 2023): 13.9%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 21.8% | +3.2 pts | 18.6% |
| 2024 | 15.5% | +3.5 pts | 12.0% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.17%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.74%
- Brokerage
- 0.03%
- Transaction charges
- 0.00%
- Statutory levies
- 0.40%
- Exit load
- Exit load of 0.50%, if redeemed within 1 month.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Financial Services TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
Portfolio
DSP Banking & Financial Services Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity98.5%
- Other1.5%
Market cap split
- Large54.7%
- Mid19.1%
- Small26.2%
- P/E
- 17.70
- P/B
- 2.50
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 9.70% | ₹197 Cr | +10.20% | +9.57% | +14.02% |
| HDFC Bank Ltd. | Financial | 6.07% | ₹123 Cr | +4.60% | +4.34% | +2.41% |
| Axis Bank Ltd. | Financial | 5.70% | ₹116 Cr | +8.03% | +8.59% | +6.53% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 5.16% | ₹105 Cr | +5.77% | +2.85% | +5.80% |
| Kotak Mahindra Bank Ltd. | Financial | 4.63% | ₹94.21 Cr | +4.40% | +5.17% | +3.28% |
| State Bank of India | Financial | 4.63% | ₹94.23 Cr | +5.01% | +4.93% | +6.91% |
| Ujjivan Small Finance Bank Ltd. | Financial | 4.57% | ₹92.97 Cr | +4.02% | +4.19% | — |
| Shriram Finance Ltd | Financial | 4.47% | ₹90.89 Cr | +4.79% | +4.37% | — |
| Bajaj Finance Ltd. | Financial | 4.32% | ₹87.97 Cr | +4.58% | +5.23% | +5.70% |
| Max Financial Services Ltd. | Financial | 4.18% | ₹84.95 Cr | +3.29% | +3.15% | — |
| Canara HSBC Life Insurance Company Ltd. | Insurance | 4.13% | ₹83.94 Cr | +3.78% | +4.07% | — |
| City Union Bank Ltd. | Financial | 3.97% | ₹80.70 Cr | +3.70% | +3.15% | — |
| SBI Life Insurance Company Ltd. | Insurance | 3.87% | ₹78.80 Cr | +4.08% | +4.74% | +4.84% |
| Aditya Birla Capital Ltd. | Financial | 3.62% | ₹73.74 Cr | +3.77% | +3.67% | — |
| Multi Commodity Exchange Of India Ltd. | Services | 3.41% | ₹69.42 Cr | +4.08% | +5.14% | +3.65% |
| Aadhar Housing Finance Ltd | Financial | 3.34% | ₹67.87 Cr | +2.94% | +2.99% | — |
| PB Fintech Ltd. | Services | 3.01% | ₹61.30 Cr | +3.98% | +3.63% | — |
| Karur Vysya Bank Ltd. | Financial | 2.68% | ₹54.51 Cr | +2.47% | +1.13% | — |
| PNB Housing Finance Ltd. | Financial | 2.64% | ₹53.75 Cr | +2.38% | +2.06% | +2.07% |
| Bank of Maharashtra | Financial | 2.51% | ₹51.05 Cr | +2.02% | +2.83% | — |
| Union Bank of India | Financial | 2.46% | ₹50.00 Cr | +2.34% | — | — |
| Aditya Birla Sun Life AMC Ltd. | Financial | 1.51% | ₹30.77 Cr | +1.39% | — | — |
| Others | Others | 1.47% | ₹29.81 Cr | -0.92% | -3.90% | +0.14% |
| Bank of India | Financial | 1.46% | ₹29.70 Cr | — | — | — |
| BSE Ltd. | Services | 1.42% | ₹28.81 Cr | — | — | — |
| Prudent Corporate Advisory Services Ltd. | Financial | 1.40% | ₹28.56 Cr | +1.36% | +1.29% | +1.48% |
| National Stock Exchange | Financial | 0.97% | ₹19.75 Cr | — | — | — |
| KFin Technologies Ltd. | Financial | 0.86% | ₹17.42 Cr | +0.83% | — | — |
| Seshaasai Technologies Ltd. | Services | 0.69% | ₹14.01 Cr | +0.58% | +0.52% | +0.49% |
| Nippon Life India Asset Management Ltd. | Financial | 0.67% | ₹13.56 Cr | +1.29% | +2.76% | +3.25% |
| Life Insurance Corporation of India | Insurance | 0.26% | ₹5.26 Cr | 0.00% | +0.01% | +1.65% |
| Billionbrains Garage Ventures Ltd. | Financial | 0.19% | ₹3.90 Cr | +0.21% | — | — |
| ICICI Prudential Asset Management Company Ltd. | Financial | 0.02% | ₹0.37 Cr | +0.02% | +0.38% | — |
| Bajaj Finserv Ltd. | Financial | 0.01% | ₹0.19 Cr | +0.01% | +0.01% | +9.29% |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 0.00% | ₹0.08 Cr | 0.00% | +0.01% | +0.84% |
| Power Finance Corporation Ltd. | Financial | 0.00% | ₹0.03 Cr | 0.00% | 0.00% | +2.86% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| HDFC Bank Ltd. | 3.76% | 6.07% | +2.31% |
| PB Fintech Ltd. | 4.95% | 3.01% | -1.94% |
| Axis Bank Ltd. | 7.14% | 5.70% | -1.44% |
| National Stock Exchange | 0.00% | 0.97% | +0.97% |
| Ujjivan Small Finance Bank Ltd. | 4.20% | 4.57% | +0.37% |
| Cholamandalam Investment and Finance Company Ltd. | 5.51% | 5.16% | -0.35% |
| Nippon Life India Asset Management Ltd. | 0.98% | 0.67% | -0.31% |
| Kotak Mahindra Bank Ltd. | 4.34% | 4.63% | +0.29% |
| ICICI Bank Ltd. | 9.94% | 9.70% | -0.24% |
| Shriram Finance Ltd | 4.70% | 4.47% | -0.23% |
| City Union Bank Ltd. | 3.75% | 3.97% | +0.22% |
| SBI Life Insurance Company Ltd. | 3.70% | 3.87% | +0.17% |
| Multi Commodity Exchange Of India Ltd. | 3.27% | 3.41% | +0.14% |
| Prudent Corporate Advisory Services Ltd. | 1.54% | 1.40% | -0.14% |
| State Bank of India | 4.77% | 4.63% | -0.14% |
| Bajaj Finance Ltd. | 4.44% | 4.32% | -0.12% |
| PNB Housing Finance Ltd. | 2.52% | 2.64% | +0.12% |
| Bank of Maharashtra | 2.42% | 2.51% | +0.09% |
| Canara HSBC Life Insurance Company Ltd. | 4.04% | 4.13% | +0.09% |
| Max Financial Services Ltd. | 4.26% | 4.18% | -0.08% |
| Union Bank of India | 2.53% | 2.46% | -0.07% |
| KFin Technologies Ltd. | 0.92% | 0.86% | -0.06% |
| Others | -0.13% | -0.16% | -0.03% |
| Aditya Birla Sun Life AMC Ltd. | 1.49% | 1.51% | +0.02% |
| BSE Ltd. | 1.40% | 1.42% | +0.02% |
| Bank of India | 1.48% | 1.46% | -0.02% |
| Seshaasai Technologies Ltd. | 0.67% | 0.69% | +0.02% |
| Karur Vysya Bank Ltd. | 2.67% | 2.68% | +0.01% |
| Life Insurance Corporation of India | 0.25% | 0.26% | +0.01% |
| Aditya Birla Capital Ltd. | 3.63% | 3.62% | -0.01% |
| ICICI Lombard General Insurance Company Ltd. | 0.00% | 0.00% | 0.00% |
| Power Finance Corporation Ltd. | 0.00% | 0.00% | 0.00% |
| Aadhar Housing Finance Ltd | 3.34% | 3.34% | 0.00% |
| Bajaj Finserv Ltd. | 0.01% | 0.01% | 0.00% |
| Billionbrains Garage Ventures Ltd. | 0.19% | 0.19% | 0.00% |
| ICICI Prudential Asset Management Company Ltd. | 0.02% | 0.02% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹2,911 Cr | 2.17% | 5.8% | 10.5% | 13.5% |
 SBI Banking & Financial Services Fund | ₹10,420 Cr | 2.16% | 5.4% | 10.2% | 13.6% |
 Invesco India Financial Services Fund | ₹1,810 Cr | 2.16% | 7.0% | 10.6% | 14.8% |
 UTI Banking and Financial Services Fund | ₹1,339 Cr | 2.37% | 8.7% | 9.5% | 12.2% |
 Quant BFSI Fund | ₹894 Cr | 3.36% | 7.0% | 12.3% | — |
 Kotak Nifty Financial Services Ex-Bank Index Fund | ₹91.11 Cr | 0.82% | 1.1% | 9.8% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks 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.
Fund managers
- Preethi R SMs. R S is B.E and MBA (Finance).Prior to joining DSP Mutual Fund, she has worked with PwC India, UTI Mutual Fund.
- Vinit SambreMr. Sambre is a B.Com and FCA.Prior to joining DSP he was associated with DSP Merrill Lynch Ltd.(Nov 2005 to Jun 2007), IL & FS Investsmart Ltd. (Dec 2002 to Oct 2005), Unit Trust of India Investment Advisory Services Ltd.(Jun 2000 to Dec 2002), Kisan Ratilal Choksey Shares and Securities Pvt. Ltd. (March 1999 to May 2000) and Credit Rating Information Service of India Ltd.(Apr 1998 to Feb 1999).
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months4.34% absolute | ₹60,000 | ₹62,604 | 4.34% | |
| 1 year5.84% annualised | ₹1,20,000 | ₹1,23,865 | 3.22% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.