DSP Banking & Financial Services Fund Direct Growth

DSP Banking & Financial Services Fund Direct Growth

Equity

Direct

Sector - Financial Services

NAV as on 06-12-2024

₹ 12.47

0.9%

1D

Inception Returns

25.1%

/yr

About DSP Banking & Financial Services Fund Direct Growth

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.

Key Parameters

  1. DSP Banking & Financial Services Fund Direct Growth has ₹993 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 0.7.

Returns

DSP Banking & Financial Services Fund Direct Growth has given a CAGR return of 25.07% since inception.

Holdings

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

Taxation

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 benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of DSP Banking & Financial Services Fund Direct Growth

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 and lockin period

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
865 people have invested ₹ 1.2Cr in DSP Banking & Financial Services Fund Direct Growth in the last three months

DSP Banking & Financial Services Fund Direct Growth Overview

Expense ratio0.71%
Benchmark
S&P BSE BANKEX INR
AUM₹993 Cr
Inception Date8 December, 2023
Min Lumpsum/SIP₹100/₹100
Exit Load
0.5%
Lock InNo Lock-in
TurnOver
0%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (06-Dec-24)

Period
DSP Banking & Financial Services Fund Direct Growth
Nifty 500
sector - financial services
1M
3.2%
1.2%
2.4%
3M
6.1%
-0.7%
2.5%
6M
20%
9.1%
10.2%

Fund Distribution

as on (31-Oct-24)

  • Equity 90%

  • Debt & Cash 10%

Large cap
69.6%

Mid cap
11.5%

Small cap
5.4%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
97.8%
Tech
2.2%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-4.24%
7.82%
1.70%
Nifty 500
-6.52%
2.04%
0.97%
  • This fund’s returns stands at -4.24% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
  • This fund outperformed Nifty 500 by 2.28% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 978.5 Cr
₹ 978.5 Cr
₹ 840 Cr
  • AUM of the fund stands at 978.5 Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24
Top Stocks bought last month
Cholamandalam Investment and Finance Co Ltd's allocation increased from 3.45% to 5.77%
Cholamandalam Investment and Finance Co Ltd's allocation increased from 3.45% to 5.77%
ICICI Bank Ltd's allocation increased from 12.5% to 14.65%
ICICI Bank Ltd's allocation increased from 12.5% to 14.65%
HDFC Bank Ltd's allocation increased from 14.14% to 15.74%
HDFC Bank Ltd's allocation increased from 14.14% to 15.74%
Top Stocks sold last month
Bajaj Finserv Ltd's allocation decreased from 9.08 % to 7.96 %
Bajaj Finserv Ltd's allocation decreased from 9.08 % to 7.96 %
Power Finance Corp Ltd's allocation decreased from 4.94 % to 4.54 %
Power Finance Corp Ltd's allocation decreased from 4.94 % to 4.54 %
Bajaj Housing Finance Ltd's allocation decreased from 8.28 % to 3.55 %
Bajaj Housing Finance Ltd's allocation decreased from 8.28 % to 3.55 %
Mid Cap allocation has gone down from 12% to 11.5%
Mid Cap allocation has gone down from 12% to 11.5%
Large Cap allocation has gone up from 63% to 69.6%
Large Cap allocation has gone up from 63% to 69.6%
Small Cap allocation has gone down from 6.7% to 5.4%
Small Cap allocation has gone down from 6.7% to 5.4%
Cash allocation has gone down from 10.1% to 10%
Cash allocation has gone down from 10.1% to 10%

Top 2 Sectors in October were Financial Services, Tech

Oct'24
Financial Services
98%
Tech
2%
Sep'24
Financial Services
97%
Tech
3%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
26
25
24
Top 5 Company Concentration
51.9%
51.2%
54%
Company having highest exposure
HDFC Bank Ltd (15.7%)
HDFC Bank Ltd (14.1%)
HDFC Bank Ltd (15.6%)
No of Sectors
2
2
2
Top 5 Sectors Concentration
100%
100%
100%
Sector having highest exposure
Financial Services (97.8%)
Financial Services (97.1%)
Financial Services (96.7%)
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Fund House
DSP Asset Managers Private Limited
Total Schemes
Total AUM
₹1.28L Cr
as on 30-Sep-2023
Address
India
Phone
91-22-66578000
Website
service@dspblackrock.com

DSP Banking & Financial Services Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered returns of 25.07% since inception (8th December 2023)
Fund Allocations

Fund Allocations

This fund has an allocation of 90.05% in Equity, 0% in Debt and 9.95% in Cash related instruments
AUM size ₹993 Cr

AUM size ₹993 Cr

This fund has AUM of ₹993 Cr which is less than its category average of ₹ 1747 Cr
Expense Ratio 0.71%

Expense Ratio 0.71%

This fund has an expense ratio of 0.71% which is less than its category average expense ratio of 1.38%

Frequently Asked Questions for DSP Banking & Financial Services Fund Direct Growth

The current NAV of DSP Banking & Financial Services Fund Direct Growth is ₹12.47 as on 06-Dec-2024.
Existing (Absolute + CAGR) as on 06-Dec-2024.
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%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.71% as on November 2024
₹993 Cr as on November 2024
HDFC Bank Ltd(15.74%), ICICI Bank Ltd(14.65%), Bajaj Finserv Ltd(7.96%), State Bank of India(7.81%), Cholamandalam Investment and Finance Co Ltd(5.77%) as on November 2024
The alpha ratio for the DSP Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
DSP Banking & Financial Services Fund Direct Growth
-
-
-
As on November 2024
The alpha for DSP Banking & Financial Services Fund Direct Growth is calculated against S&P BSE BANKEX INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the DSP Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
DSP Banking & Financial Services Fund Direct Growth
-
-
-
As on November 2024
The Beta for DSP Banking & Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the DSP Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
DSP Banking & Financial Services Fund Direct Growth
-
-
-
As on November 2024
The sharpe ratio for DSP Banking & Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the DSP Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
DSP Banking & Financial Services Fund Direct Growth
-
-
-
As on November 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
The Exit load of DSP Banking & Financial Services Fund Direct Growth is 0.5%