DSP Nifty Bank Index Fund Direct Growth
Get the latest NAV of DSP Nifty Bank Index Fund Direct Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.
₹11.31
▲0.3%1D
NAV as on 27 May 2025
13.59%/per year
Since Inception
▲▼
816 people have invested ₹ 5.3L in DSP Nifty Bank Index Fund Direct Growth in the last three months
Peer comparison
DSP Nifty Bank Index Fund Returns Calculator
Calculate SIP and lumpsum returns based on historical performance
Total Investment
0
Profit
Total Corpus
0
DSP Nifty Bank Index Fund Asset Allocation
See fund asset allocation details as on (13-May-25)
Fund Distribution
as on (13-May-25)
Equity 99.7%
Debt & Cash 0.4%
DSP Nifty Bank Index Fund Sector Allocation
See fund sector allocation details as on (13-May-25)
Sector Allocation
Equity 99.7%
Debt & Cash 0.4%
Top Sector in April was Financial Services
Financial Services
100%
Financial Services
100%
DSP Nifty Bank Index Fund Holdings Details
as on (30-Apr-25)
Equity
DSP Nifty Bank Index Fund Direct Growth Overview
Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.
| Expense ratio | 0.2% |
Benchmark | Nifty Bank TR INR |
| AUM | ₹51 Cr |
| Inception Date | 31 May, 2024 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| 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 |
About DSP Nifty Bank Index Fund
DSP Nifty Bank Index Fund Direct Growth is an equity fund. This fund was started on 31 May, 2024. The fund is managed by Diipesh Shah, Anil Ghelani. The fund could potentially beat inflation in the long-run.
Key Parameters
- DSP Nifty Bank Index Fund Direct Growth has ₹51 Cr worth of assets under management (AUM) as on Apr 2025 and is less than category average.
- The fund has an expense ratio 0.2.
Returns
DSP Nifty Bank Index Fund Direct Growth has given a CAGR return of 13.59% since inception.
Holdings
DSP Nifty Bank Index Fund Direct Growth has allocated its funds majorly in Financial Services, Cash Equivalent. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, State Bank of India, Kotak Mahindra Bank Ltd
Taxation
As it is a index funds 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 Nifty Bank Index Fund Direct Growth
The investment objective of the Scheme is to generate returns that are commensurate with the performance of the Nifty Bank Index, subject to tracking error.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. DSP Nifty Bank Index Fund Direct Growth has no lock in period.
Fund Manager
Diipesh Shah
Fund Manager of DSP Nifty Bank Index Fund Direct Growth, since 31 May 2024
Anil Ghelani
Fund Manager of DSP Nifty Bank Index Fund Direct Growth, since 31 May 2024
- AUM of the fund stands at 51.1 Cr as of Apr'25
- AUM increased by 4.2 Cr between Apr'25 and Mar'25
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Frequently Asked Questions for DSP Nifty Bank Index Fund Direct Growth
How do I invest in DSP Nifty Bank Index Fund?
- Download the INDmoney app.
- Search for ‘DSP Nifty Bank Index Fund’.
- Select whether you want to invest in SIP or lump sum.
- Enter the amount you wish to invest.
- Set up payments via bank mandate or UPI.