Equity
Direct
Sector - Financial Services
NAV as on 06-12-2024
₹ 12.47
▲0.9%
1D
Inception Returns
25.1%
/yr
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.
DSP Banking & Financial Services Fund Direct Growth has given a CAGR return of 25.07% since inception.
DSP Banking & Financial Services Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Bajaj Finserv Ltd, State Bank of India, Cholamandalam Investment and Finance Co Ltd
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 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
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 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.
Expense ratio | 0.71% |
Benchmark | S&P BSE BANKEX INR |
AUM | ₹993 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 |
as on (06-Dec-24)
as on (31-Oct-24)
Top 2 Sectors in October were Financial Services, Tech
DSP Banking & Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.24% | 3.24% |
6 Month Returns | 20.02% | 20.02% |
1 Year Returns | 0% | 0% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
DSP Banking & Financial Services Fund Direct Growth | - | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
DSP Banking & Financial Services Fund Direct Growth | - | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
DSP Banking & Financial Services Fund Direct Growth | - | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
DSP Banking & Financial Services Fund Direct Growth | - | - | - |