DSP Banking & Financial Services Fund
- NAV as on 25 Sep 2026
- ₹14.28+0.33%1 day
- Return since launch
- 15.0%
- 52-week range
- ₹12.52 — ₹15.33
- AUM
- ₹2,184 Cr
DSP Banking & Financial Services Fund is a Sectoral-Banking equity fund from DSP Mutual Fund with ₹2,184 Cr under management, launched in 2023. The expense ratio is 2.17% 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 +8.6% against +2.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 1.8% | −1.6 pts | 3.4% | -4.1% |
| 2Y | 8.1% | +5.9 pts | 2.2% | 1.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -6.8% | −1.8 pts | -5.0% | -4.3% |
| 3M | -2.6% | +0.9 pts | -3.5% | -3.4% |
| 6M | 10.3% | +3.0 pts | 7.4% | 7.3% |
| 1Y | 8.6% | +5.2 pts | 3.4% | 2.1% |
| 2Y | 6.4% | +5.0 pts | 1.4% | 0.8% |
Since launch (20 Nov 2023): 15.0%
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
2.16%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.74%
- Brokerage
- 0.03%
- Transaction charges
- 0.00%
- Statutory levies
- 0.39%
- 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 31 Aug 2026
Asset allocation
- Equity98.8%
- Other1.2%
Market cap split
- Large53.3%
- Mid21.2%
- Small25.4%
- P/E
- 19.17
- P/B
- 2.70
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 9.94% | ₹217 Cr | +9.22% | +11.57% | +15.50% |
| Axis Bank Ltd. | Financial | 7.14% | ₹156 Cr | +7.95% | +7.78% | +6.43% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 5.51% | ₹120 Cr | +5.02% | +2.43% | +5.46% |
| PB Fintech Ltd. | Services | 4.95% | ₹108 Cr | +3.93% | +2.98% | — |
| State Bank of India | Financial | 4.77% | ₹104 Cr | +5.06% | +6.41% | +6.78% |
| Shriram Finance Ltd | Financial | 4.70% | ₹103 Cr | +4.68% | +1.17% | — |
| Bajaj Finance Ltd. | Financial | 4.44% | ₹96.92 Cr | +4.45% | +4.66% | +5.34% |
| Kotak Mahindra Bank Ltd. | Financial | 4.34% | ₹94.76 Cr | +4.64% | +5.42% | +1.99% |
| Max Financial Services Ltd. | Financial | 4.26% | ₹92.94 Cr | +3.24% | +3.05% | — |
| Ujjivan Small Finance Bank Ltd. | Financial | 4.20% | ₹91.66 Cr | +3.82% | +4.05% | — |
| Canara HSBC Life Insurance Company Ltd. | Insurance | 4.04% | ₹88.25 Cr | +3.48% | +3.53% | — |
| HDFC Bank Ltd. | Financial | 3.76% | ₹82.19 Cr | +4.61% | +4.70% | +2.57% |
| City Union Bank Ltd. | Financial | 3.75% | ₹81.82 Cr | +3.55% | +2.18% | — |
| SBI Life Insurance Company Ltd. | Insurance | 3.70% | ₹80.85 Cr | +4.22% | +4.52% | +5.21% |
| Aditya Birla Capital Ltd. | Financial | 3.63% | ₹79.32 Cr | +3.76% | +3.65% | — |
| Aadhar Housing Finance Ltd | Financial | 3.34% | ₹72.87 Cr | +2.70% | +2.41% | — |
| Multi Commodity Exchange Of India Ltd. | Services | 3.27% | ₹71.51 Cr | +4.57% | +4.69% | +3.69% |
| Karur Vysya Bank Ltd. | Financial | 2.67% | ₹58.33 Cr | +2.18% | +1.14% | — |
| Union Bank of India | Financial | 2.53% | ₹55.15 Cr | — | — | — |
| PNB Housing Finance Ltd. | Financial | 2.52% | ₹55.13 Cr | +2.31% | +1.90% | +1.93% |
| Bank of Maharashtra | Financial | 2.42% | ₹52.78 Cr | +2.56% | +2.95% | — |
| Prudent Corporate Advisory Services Ltd. | Financial | 1.54% | ₹33.54 Cr | +1.33% | +1.21% | — |
| Aditya Birla Sun Life AMC Ltd. | Financial | 1.49% | ₹32.51 Cr | +1.38% | — | — |
| Bank of India | Financial | 1.48% | ₹32.29 Cr | — | — | — |
| BSE Ltd. | Services | 1.40% | ₹30.58 Cr | — | — | — |
| Others | Others | 1.17% | ₹25.38 Cr | +2.32% | +0.34% | +0.16% |
| Nippon Life India Asset Management Ltd. | Financial | 0.98% | ₹21.50 Cr | +2.00% | +2.86% | +3.13% |
| KFin Technologies Ltd. | Financial | 0.92% | ₹20.11 Cr | — | — | — |
| Seshaasai Technologies Ltd. | Services | 0.67% | ₹14.62 Cr | +0.53% | +0.53% | — |
| Life Insurance Corporation of India | Insurance | 0.25% | ₹5.56 Cr | 0.00% | +0.01% | +1.67% |
| Billionbrains Garage Ventures Ltd. | Financial | 0.19% | ₹4.07 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% | ₹0.22 Cr | +0.01% | +0.01% | +9.44% |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 0.00% | ₹0.08 Cr | 0.00% | +0.01% | +0.87% |
| Power Finance Corporation Ltd. | Financial | 0.00% | ₹0.03 Cr | 0.00% | 0.00% | +2.82% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Tata Capital Ltd. | 0.87% | 0.00% | -0.87% |
| PB Fintech Ltd. | 4.19% | 4.95% | +0.76% |
| Bank of Maharashtra | 1.69% | 2.42% | +0.73% |
| Aadhar Housing Finance Ltd | 2.74% | 3.34% | +0.60% |
| Bajaj Finance Ltd. | 5.03% | 4.44% | -0.59% |
| Multi Commodity Exchange Of India Ltd. | 2.72% | 3.27% | +0.55% |
| SBI Life Insurance Company Ltd. | 4.20% | 3.70% | -0.50% |
| HDFC Bank Ltd. | 4.17% | 3.76% | -0.41% |
| Ujjivan Small Finance Bank Ltd. | 4.57% | 4.20% | -0.37% |
| ICICI Bank Ltd. | 10.30% | 9.94% | -0.36% |
| Bank of India | 1.12% | 1.48% | +0.36% |
| Aditya Birla Sun Life AMC Ltd. | 1.18% | 1.49% | +0.31% |
| Nippon Life India Asset Management Ltd. | 1.24% | 0.98% | -0.26% |
| BSE Ltd. | 1.15% | 1.40% | +0.25% |
| Cholamandalam Investment and Finance Company Ltd. | 5.76% | 5.51% | -0.25% |
| Life Insurance Corporation of India | 0.00% | 0.25% | +0.25% |
| City Union Bank Ltd. | 3.54% | 3.75% | +0.21% |
| Aditya Birla Capital Ltd. | 3.76% | 3.63% | -0.13% |
| Union Bank of India | 2.41% | 2.53% | +0.12% |
| Prudent Corporate Advisory Services Ltd. | 1.44% | 1.54% | +0.10% |
| Others | -0.23% | -0.13% | +0.10% |
| Kotak Mahindra Bank Ltd. | 4.24% | 4.34% | +0.10% |
| Karur Vysya Bank Ltd. | 2.76% | 2.67% | -0.09% |
| PNB Housing Finance Ltd. | 2.43% | 2.52% | +0.09% |
| Max Financial Services Ltd. | 4.18% | 4.26% | +0.08% |
| State Bank of India | 4.85% | 4.77% | -0.08% |
| Canara HSBC Life Insurance Company Ltd. | 3.98% | 4.04% | +0.06% |
| Axis Bank Ltd. | 7.09% | 7.14% | +0.05% |
| Shriram Finance Ltd | 4.65% | 4.70% | +0.05% |
| Seshaasai Technologies Ltd. | 0.63% | 0.67% | +0.04% |
| Billionbrains Garage Ventures Ltd. | 0.20% | 0.19% | -0.01% |
| KFin Technologies Ltd. | 0.93% | 0.92% | -0.01% |
| Power Finance Corporation Ltd. | 0.00% | 0.00% | 0.00% |
| ICICI Lombard General Insurance Company Ltd. | 0.00% | 0.00% | 0.00% |
| Bajaj Finserv Ltd. | 0.01% | 0.01% | 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 | ₹2,982 Cr | 2.23% | -1.0% | 8.8% | 12.4% |
 SBI Banking & Financial Services Fund | ₹10,873 Cr | 2.16% | -7.6% | 6.8% | 11.6% |
 Invesco India Financial Services Fund | ₹1,896 Cr | 2.18% | -3.5% | 7.8% | 13.2% |
 Bandhan Financial Services Fund | ₹1,122 Cr | 2.49% | -3.1% | 5.5% | — |
 Quant BFSI Fund | ₹922 Cr | 3.48% | 14.2% | 15.4% | — |
 Kotak Nifty Financial Services Ex-Bank Index Fund | ₹99.18 Cr | 0.83% | -5.1% | 8.7% | — |
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.
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 months10.35% absolute | ₹60,000 | ₹66,210 | 10.35% | |
| 1 year8.62% annualised | ₹1,20,000 | ₹1,25,753 | 4.79% |
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.