DSP Banking and PSU Debt Fund
- NAV as on 6 Nov 2026
- ₹25.35+0.03%1 day
- Return since launch
- 7.3%
- 52-week range
- ₹24.54 — ₹25.47
- AUM
- ₹2,492 Cr
DSP Banking and PSU Debt Fund is a Banking and PSU debt fund from DSP Mutual Fund with ₹2,492 Cr under management, launched in 2013. Over three years it has returned 5.2% a year, against 6.6% for its category. The expense ratio is 0.61% and the SEBI riskometer reading is Moderate.
Performance
DSP Banking and PSU Debt Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +3.2% against +4.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 3.1% | −0.9 pts | 4.1% | 4.2% |
| 2Y | 4.1% | −0.9 pts | 5.0% | 5.0% |
| 3Y | 5.2% | −1.4 pts | 6.6% | 5.8% |
| 5Y | 5.9% | 0.0 pts | 5.9% | 6.2% |
| 7Y | 5.8% | −0.3 pts | 6.0% | 6.0% |
| 10Y | 6.2% | −0.4 pts | 6.6% | 6.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.1% | −0.1 pts | 0.3% | 0.3% |
| 3M | -0.3% | −0.7 pts | 0.4% | 0.3% |
| 6M | 2.0% | −0.4 pts | 2.5% | 2.6% |
| 1Y | 3.2% | −0.9 pts | 4.1% | 4.1% |
| 2Y | 5.2% | −0.8 pts | 6.0% | 5.9% |
| 3Y | 6.5% | −0.2 pts | 6.6% | 6.6% |
| 5Y | 5.7% | −0.2 pts | 5.9% | 5.8% |
| 7Y | 6.1% | −0.1 pts | 6.2% | 6.1% |
| 10Y | 6.5% | −0.1 pts | 6.6% | 6.6% |
Since launch (10 Sep 2013): 7.3%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.8% | −0.9 pts | 7.7% |
| 2024 | 8.6% | +0.5 pts | 8.2% |
| 2023 | 6.7% | −0.3 pts | 7.0% |
| 2022 | 3.2% | −0.7 pts | 3.9% |
| 2021 | 3.1% | −0.7 pts | 3.8% |
| 2020 | 10.9% | +0.4 pts | 10.5% |
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
0.58%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.49%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.08%
- Exit load
- Exit load of 0.25% 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 Banking & PSU Debt Index A-II
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at moderate risk — typically medium duration debt and conservative hybrid schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.26 | 0.83 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.49 | 1.41 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 2.22 | 1.35 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
DSP Banking and PSU Debt Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt96.0%
- Other4.0%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Small Industries Devp. Bank of India Ltd. | Financial | 7.83% | ₹203 Cr | +3.10% | +1.50% | +1.20% |
| Power Grid Corporation Of India Ltd. | Energy | 6.89% | ₹179 Cr | +4.71% | +8.67% | +7.47% |
| REC Ltd. | Financial | 5.90% | ₹153 Cr | +7.02% | +6.54% | +5.58% |
| Export-Import Bank Of India | Financial | 4.95% | ₹128 Cr | +1.58% | +1.46% | — |
| Union Bank of India | Financial | 4.59% | ₹119 Cr | +1.44% | +0.68% | +0.58% |
| Indian Railway Finance Corporation Ltd. | Financial | 4.11% | ₹106 Cr | +3.10% | +3.10% | +2.46% |
| GAIL (India) Ltd. | Energy | 4.07% | ₹105 Cr | +3.15% | +2.96% | +2.51% |
| Bharti Telecom Ltd. | Communication | 4.02% | ₹104 Cr | +3.12% | +1.40% | +1.09% |
| Haryana State | Others | 3.79% | ₹98.04 Cr | +3.11% | +1.05% | — |
| State Bank of India | Financial | 3.10% | ₹80.32 Cr | +1.96% | +1.82% | +1.54% |
| National Bank For Financing Infrastructure And Development | Financial | 3.06% | ₹79.27 Cr | +1.52% | +1.52% | +1.20% |
| National Housing Bank | Financial | 2.96% | ₹76.66 Cr | +1.56% | +1.55% | +1.23% |
| Tata Capital Housing Finance Ltd. | Financial | 2.90% | ₹75.13 Cr | +0.81% | +0.76% | — |
| HDFC Bank Ltd. | Financial | 2.88% | ₹74.61 Cr | +0.82% | +0.76% | +0.60% |
| Punjab National Bank | Financial | 2.81% | ₹72.78 Cr | +2.18% | +1.36% | +0.58% |
| Power Finance Corporation Ltd. | Financial | 2.78% | ₹71.83 Cr | +3.16% | +3.22% | +3.76% |
| GOI | Sovereign | 2.01% | ₹52.18 Cr | +1.58% | +1.51% | +1.19% |
| Maharashtra State | Others | 1.90% | ₹49.29 Cr | +2.34% | +2.14% | — |
| Gujarat State | Construction | 0.96% | ₹24.83 Cr | — | — | — |
| NTPC Ltd. | Energy | 0.96% | ₹24.93 Cr | +0.77% | +0.71% | +1.21% |
| Others | Others | 0.72% | ₹18.93 Cr | +1.08% | +1.02% | +0.81% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Union Bank of India | 0.00% | 4.59% | +4.59% |
| Punjab National Bank | 5.91% | 2.81% | -3.10% |
| Tata Capital Housing Finance Ltd. | 0.00% | 2.90% | +2.90% |
| company:9813 | 1.50% | 0.00% | -1.50% |
| company:442 | 1.49% | 0.00% | -1.49% |
| company:5329 | 1.48% | 0.00% | -1.48% |
| GAIL (India) Ltd. | 3.21% | 4.07% | +0.86% |
| Bharti Telecom Ltd. | 3.17% | 4.02% | +0.85% |
| Export-Import Bank Of India | 3.13% | 3.94% | +0.81% |
| Small Industries Devp. Bank of India Ltd. | 3.06% | 3.87% | +0.81% |
| company:6233 | 0.74% | 0.00% | -0.74% |
| company:5434 | 0.72% | 0.00% | -0.72% |
| Haryana State | 3.15% | 3.79% | +0.64% |
| National Housing Bank | 2.36% | 2.96% | +0.60% |
| HDFC Bank Ltd. | 2.46% | 2.88% | +0.42% |
| Indian Railway Finance Corporation Ltd. | 1.57% | 1.99% | +0.42% |
| Power Grid Corporation Of India Ltd. | 1.56% | 1.98% | +0.42% |
| Power Finance Corporation Ltd. | 1.59% | 2.00% | +0.41% |
| GOI | 1.61% | 2.01% | +0.40% |
| Maharashtra State | 1.53% | 1.90% | +0.37% |
| State Bank of India | 0.98% | 1.23% | +0.25% |
| REC Ltd. | 0.76% | 1.00% | +0.24% |
| Gujarat State | 0.76% | 0.96% | +0.20% |
| National Bank For Financing Infrastructure And Development | 0.76% | 0.96% | +0.20% |
| NTPC Ltd. | 0.77% | 0.96% | +0.19% |
| Others | 0.37% | 0.47% | +0.10% |
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 | ₹5,324 Cr | 0.62% | 4.9% | 6.3% | 6.6% |
 Bandhan Banking and PSU Debt Fund | ₹11,848 Cr | 0.68% | 5.1% | 6.2% | 6.4% |
 ICICI Prudential Banking and PSU Debt Fund | ₹8,082 Cr | 0.72% | 4.4% | 6.0% | 6.5% |
 Kotak Banking and PSU Debt Fund | ₹4,675 Cr | 0.75% | 4.2% | 6.0% | 6.4% |
 UTI Banking & PSU Debt Fund | ₹1,448 Cr | 0.46% | 5.9% | 6.7% | 7.0% |
 Franklin India Banking & PSU Debt Fund | ₹565 Cr | 0.49% | 5.1% | 6.5% | 6.6% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The Scheme seeks to generate income and capital appreciation by primarily investing in a portfolio of high quality debt and money market securities that are issued by banks and public sector entities/undertakings.
Fund managers
- Sandeep YadavMr. Yadav is a Computer Engineer (Pune University), PGDBM (IIM Bangalore) and a CFA chartered holder.Prior to joining DSP, he has worked with Cognizant Technologies, Hughes Services and Mahindra British Telecom.
- Shantanu GodambeMr. Godambehas done B.Com, MS (Finance) and CFAPrior to joining DSP Mutual Fund, he has worked with Yes Bank, Prebon Yamane and ICAP India Private Limited
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 months2.05% absolute | ₹60,000 | ₹61,230 | 2.05% | |
| 1 year3.19% annualised | ₹1,20,000 | ₹1,22,094 | 1.74% | |
| 3 years6.46% annualised | ₹3,60,000 | ₹3,98,212 | 10.61% | |
| 5 years5.68% annualised | ₹6,00,000 | ₹6,95,268 | 15.88% |
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.