DSP Banking & Financial Services Fund Direct Growth

Equity
Direct
Sector - Financial Services
DSP Banking & Financial Services Fund Direct Growth

About the Fund

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 ₹780 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 0.8.

Returns

DSP Banking & Financial Services Fund Direct Growth has given a CAGR return of 14.50% 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, Power Finance Corp Ltd, Bajaj Finance 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.

Fund Performance
zero opening, trading, fund transfer fee
569 people have invested ₹ 61.3L in DSP Banking & Financial Services Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.84%
Benchmark
S&P BSE BANKEX INR
AUM₹780 Cr
Inception Date8 December, 2023
Min Lumpsum/SIP₹100/₹100
Exit Load
0.5%
Lock InNo Lock-in
TurnOver
0%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 98.9%

  • Debt & Cash 1.1%

Large cap
77.1%

Mid cap
12%

Small cap
9.8%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
97.4%
Tech
2.6%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

Top Growth Drivers
1M Return
ICICI Bank Ltd
ICICI Bank Ltd
9.8%
HDFC Bank Ltd
HDFC Bank Ltd
0.9%

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 14.5% since inception (08nd Dec 2023)
Fund Allocations

Fund Allocations

This fund has an allocation of 98.88% in Equity, 0% in Debt and 1.12% in Cash related instruments
AUM size ₹780 Cr

AUM size ₹780 Cr

This fund has AUM of ₹780 Cr which is less than its category average of ₹ 1656 Cr
Expense Ratio 0.84%

Expense Ratio 0.84%

This fund has an expense ratio of 0.84% which is less than its category average expense ratio of 1.4%

Frequently Asked Questions

The current NAV of DSP Banking & Financial Services Fund Direct Growth is ₹11.44 as on 16-Jul-2024.
Existing (Absolute + CAGR) as on 16-Jul-2024.
DSP Banking & Financial Services Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
4.49%
4.49%
6 Month Returns
11.15%
11.15%
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.
0.84% as on June 2024
₹780 Cr as on June 2024
HDFC Bank Ltd(21.58%), ICICI Bank Ltd(17.86%), Bajaj Finserv Ltd(9.57%), Power Finance Corp Ltd(5.9%), Bajaj Finance Ltd(4.78%) as on June 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 June 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 June 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 June 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 June 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%