DSP Banking & Financial Services Fund Direct Growth

Fund Overview

Fund Size

₹1,624 Cr

Expense Ratio

0.61%

ISIN

INF740KA1TQ3

Minimum SIP

₹100

Exit Load

No Charges

Inception Date

08 Dec 2023

About this fund

DSP Banking & Financial Services Fund Direct Growth is a Sector - Financial Services mutual fund schemes offered by DSP Mutual Fund. This fund has been in existence for 2 years, 1 months and 14 days, having been launched on 08-Dec-23.
As of 21-Jan-26, it has a Net Asset Value (NAV) of ₹14.40, Assets Under Management (AUM) of 1623.85 Crores, and an expense ratio of 0.61%.

DSP Banking & Financial Services Fund Direct Growth has given a CAGR return of 18.76% since inception.
The fund's asset allocation comprises around 97.75% in equities, 0.00% in debts, and 2.25% in cash & cash equivalents.
You can start investing in DSP Banking & Financial Services Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹100.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+24.46%

+21.99% (Cat Avg.)

Since Inception

+18.76%

— (Cat Avg.)

Portfolio Summaryas of 31st December 2025

Equity	₹1,587.28 Cr	97.75%
Others	₹36.58 Cr	2.25%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
ICICI Bank Ltd	Equity	₹212.46 Cr	13.08%
Axis Bank Ltd	Equity	₹123.48 Cr	7.60%
State Bank of India	Equity	₹110.5 Cr	6.80%
Bajaj Finance Ltd	Equity	₹79.93 Cr	4.92%
SBI Life Insurance Co Ltd	Equity	₹78.12 Cr	4.81%
Multi Commodity Exchange of India Ltd	Equity	₹73.94 Cr	4.55%
HDFC Bank Ltd	Equity	₹72.43 Cr	4.46%
Kotak Mahindra Bank Ltd	Equity	₹66.58 Cr	4.10%
Aditya Birla Capital Ltd	Equity	₹62.85 Cr	3.87%
Canara HSBC Life Insurance Co Ltd	Equity	₹54.59 Cr	3.36%
Ujjivan Small Finance Bank Ltd Ordinary Shares	Equity	₹50.03 Cr	3.08%
Nippon Life India Asset Management Ltd Ordinary Shares	Equity	₹46.73 Cr	2.88%
Max Financial Services Ltd	Equity	₹45.45 Cr	2.80%
Bank of Baroda	Equity	₹45.33 Cr	2.79%
PB Fintech Ltd	Equity	₹45.11 Cr	2.78%
L&T Finance Ltd	Equity	₹43.65 Cr	2.69%
Cholamandalam Investment and Finance Co Ltd	Equity	₹41.25 Cr	2.54%
Treps / Reverse Repo Investments	Cash - Repurchase Agreement	₹39.4 Cr	2.43%
Bank of Maharashtra	Equity	₹39.34 Cr	2.42%
Canara Robeco Asset Management Co Ltd	Equity	₹35.53 Cr	2.19%
PNB Housing Finance Ltd	Equity	₹32.39 Cr	1.99%
Bajaj Finserv Ltd	Equity	₹25.72 Cr	1.58%
Angel One Ltd Ordinary Shares	Equity	₹21.1 Cr	1.30%
Prudent Corporate Advisory Services Ltd	Equity	₹20.79 Cr	1.28%
Shriram Finance Ltd	Equity	₹18.64 Cr	1.15%
Tata Capital Ltd	Equity	₹16.97 Cr	1.04%
HDB Financial Services Ltd	Equity	₹16.48 Cr	1.01%
Karur Vysya Bank Ltd	Equity	₹15.89 Cr	0.98%
Niva Bupa Health Insurance Co Ltd	Equity	₹15.69 Cr	0.97%
CSB Bank Ltd Ordinary Shares	Equity	₹15.59 Cr	0.96%
Mahindra & Mahindra Financial Services Ltd	Equity	₹12.71 Cr	0.78%
Zaggle Prepaid Ocean Services Ltd	Equity	₹12.54 Cr	0.77%
ICICI Lombard General Insurance Co Ltd	Equity	₹12.41 Cr	0.76%
Seshaasai Technologies Ltd	Equity	₹10.2 Cr	0.63%
Life Insurance Corporation of India	Equity	₹7.19 Cr	0.44%
ICICI Prudential Asset Management Co Ltd	Equity	₹5.64 Cr	0.35%
Net Receivables/Payables	Cash	₹-2.82 Cr	0.17%
Power Finance Corp Ltd	Equity	₹0.04 Cr	0.00%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹1,564.53 Cr	96.35%
Technology	₹22.75 Cr	1.40%

Risk & Performance Ratios

Fund Managers

Rohit Singhania

Since July 2025

Additional Scheme Detailsas of 31st December 2025

ISIN

INF740KA1TQ3

Expense Ratio

0.61%

Exit Load

No Charges

Fund Size

₹1,624 Cr

Age

2 years 1 month

Lumpsum Minimum

₹100

Fund Status

Open Ended Investment Company

Benchmark

NIFTY Financial Services TR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Sector - Financial Services Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Bank of India Banking and Financial Services Fund Direct Growth Very High Risk	-	1.0%	-	-
Bank of India Banking and Financial Services Fund Regular Growth Very High Risk	-	1.0%	-	-
Bajaj Finserv Banking and Financial Services Fund Direct Growth Very High Risk	0.7%	1.0%	₹362.09 Cr	-
Bajaj Finserv Banking and Financial Services Fund Regular Growth Very High Risk	2.4%	1.0%	₹362.09 Cr	-
Mahindra Manulife Banking & Financial Services Fund Regular Growth Very High Risk	2.4%	0.0%	₹380.46 Cr	-
Mahindra Manulife Banking & Financial Services Fund Direct Growth Very High Risk	0.6%	0.0%	₹380.46 Cr	-
HSBC Financial Services Fund Regular Growth Very High Risk	2.3%	1.0%	₹825.41 Cr	-
HSBC Financial Services Fund Direct Growth Very High Risk	0.8%	1.0%	₹825.41 Cr	-
HDFC Nifty Bank ETF Very High Risk	0.2%	-	₹2851.90 Cr	21.8%
Mirae Asset Nifty PSU Bank ETF Very High Risk	0.2%	-	₹56.22 Cr	39.8%
Edelweiss Nifty Bank ETF Very High Risk	0.1%	-	₹11.45 Cr	21.8%
Helios Financial Services Fund Direct Growth Very High Risk	0.8%	1.0%	₹212.91 Cr	15.8%
Helios Financial Services Fund Regular Growth Very High Risk	2.4%	1.0%	₹212.91 Cr	14.0%
Baroda BNP Paribas NIFTY Bank ETF Very High Risk	0.1%	-	₹3.81 Cr	21.7%
ICICI Prudential Nifty Private Banks ETF Very High Risk	0.1%	-	₹3379.40 Cr	18.5%
HDFC Nifty Private Bank ETF Very High Risk	0.1%	-	₹347.30 Cr	18.5%
Groww Banking & Financial Services Fund Regular Growth Very High Risk	2.3%	1.0%	₹61.84 Cr	16.4%
Groww Banking & Financial Services Fund Direct Growth Very High Risk	0.4%	1.0%	₹61.84 Cr	18.7%
WhiteOak Capital Banking & Financial Services Fund Regular Growth Very High Risk	2.4%	1.0%	₹568.69 Cr	18.9%
WhiteOak Capital Banking & Financial Services Fund Direct Growth Very High Risk	0.7%	1.0%	₹568.69 Cr	21.0%
HDFC Nifty PSU Bank ETF Very High Risk	0.3%	-	₹27.87 Cr	39.6%
Bajaj Finserv Nifty Bank ETF Very High Risk	0.1%	-	₹422.09 Cr	21.8%
DSP Banking & Financial Services Fund Regular Growth Very High Risk	2.1%	0.0%	₹1623.85 Cr	22.6%
DSP Banking & Financial Services Fund Direct Growth Very High Risk	0.6%	0.0%	₹1623.85 Cr	24.5%
Mirae Asset Nifty Financial Services ETF Very High Risk	0.1%	-	₹481.66 Cr	20.6%
Kotak Nifty Bank ETF Very High Risk	0.1%	-	₹6566.39 Cr	21.8%
Nippon India Banking & Financial Services Fund Direct Growth Very High Risk	1.0%	1.0%	₹7778.04 Cr	20.7%
Invesco India Financial Services Fund Direct Growth Very High Risk	0.8%	1.0%	₹1598.82 Cr	20.3%
UTI Nifty Bank ETF Very High Risk	0.2%	-	₹3981.04 Cr	21.9%
HDFC Nifty Private Bank ETF Very High Risk	0.1%	-	₹352.74 Cr	-88.9%
ICICI Prudential Nifty Bank ETF Very High Risk	0.1%	-	₹3222.56 Cr	21.8%
SBI Nifty Private Bank ETF Very High Risk	0.1%	-	₹455.16 Cr	18.5%
Bandhan Financial Services Fund Regular Growth Very High Risk	2.1%	0.0%	₹1140.99 Cr	14.8%
Bandhan Financial Services Fund Direct Growth Very High Risk	0.6%	0.0%	₹1140.99 Cr	16.7%
Mirae Asset Nifty Bank ETF Very High Risk	0.1%	-	₹244.78 Cr	21.9%
SBI Nifty Bank ETF Very High Risk	0.2%	-	₹4059.55 Cr	21.8%
Quant BFSI Fund Regular Growth Very High Risk	2.3%	1.0%	₹728.97 Cr	24.1%
Baroda BNP Paribas Banking and Financial Services Fund Regular Growth Very High Risk	2.4%	1.0%	₹373.24 Cr	17.5%
Quant BFSI Fund Direct Growth Very High Risk	0.8%	1.0%	₹728.97 Cr	26.1%
ICICI Prudential Nifty Financial Services Ex-Bank ETF Very High Risk	0.2%	-	₹261.52 Cr	24.6%
HDFC Banking & Financial Services Fund Direct Growth Very High Risk	0.8%	1.0%	₹4488.88 Cr	21.5%
HDFC Banking & Financial Services Fund Regular Growth Very High Risk	1.9%	1.0%	₹4488.88 Cr	20.2%
UTI Banking and Financial Services Fund Direct Growth Very High Risk	1.1%	1.0%	₹1382.02 Cr	21.5%
Baroda BNP Paribas Banking and Financial Services Fund Direct Growth Very High Risk	0.8%	1.0%	₹373.24 Cr	19.4%
SBI Banking & Financial Services Fund Direct Growth Very High Risk	0.7%	0.0%	₹10105.97 Cr	24.5%
SBI Banking & Financial Services Fund Regular Growth Very High Risk	1.8%	0.0%	₹10105.97 Cr	23.3%
ICICI Prudential Banking and Financial Services Direct Growth Very High Risk	1.0%	1.0%	₹11153.71 Cr	17.1%
ITI Banking and Financial Services Fund Regular Growth Very High Risk	2.3%	0.0%	₹355.82 Cr	23.7%
ITI Banking and Financial Services Fund Direct Growth Very High Risk	0.4%	0.0%	₹355.82 Cr	26.0%
Kotak Banking & Financial Services Fund Regular Growth Very High Risk	2.1%	0.0%	₹1396.26 Cr	18.1%

About the AMC

DSP Mutual Fund

+91 18002084499

https://www.dspim.com/

Total AUM

₹2,26,547 Cr

Address

West Wing, 11th Floor, Mumbai, 400021

Other Funds by DSP Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
DSP Nifty 500 Index Fund Direct Growth Very High Risk	-	0.0%	-	-
DSP Fixed Maturity Plan Series 277 789 Days Direct Growth High Risk	-	0.0%	-	-
DSP Nifty Smallcap 250 Index Fund Direct Growth Very High Risk	-	0.0%	₹7.78 Cr	-
DSP Nifty Midcap 150 Index Fund Direct Growth Very High Risk	-	0.0%	₹8.09 Cr	-
DSP Nifty500 Flexicap Quality 30 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹108.61 Cr	-
DSP Nifty IT Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹50.97 Cr	-
DSP Nifty Healthcare Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹14.60 Cr	-
DSP Silver ETF Fund of Fund Direct Growth Very High Risk	0.6%	0.0%	₹712.39 Cr	-
DSP Nifty Private Bank Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹57.83 Cr	-
DSP BSE SENSEX Next 30 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹14.30 Cr	-
DSP Business Cycle Fund Direct Growth Very High Risk	0.6%	0.0%	₹1175.58 Cr	8.0%
DSP Nifty Top 10 Equal Weight Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹1466.83 Cr	5.6%
DSP Nifty Bank Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹58.22 Cr	21.7%
DSP US Treasury Fund of Fund Direct Growth Very High Risk	0.2%	0.0%	₹65.95 Cr	12.3%
DSP Nifty Healthcare ETF Regular Growth Very High Risk	0.2%	-	₹10.83 Cr	-0.5%
DSP Multicap Fund Direct Growth Low Risk	0.5%	1.0%	₹2681.86 Cr	1.4%
DSP Nifty Smallcap250 Quality 50 Index Fund Direct Growth Very High Risk	0.1%	0.0%	₹285.44 Cr	-10.0%
DSP Banking & Financial Services Fund Direct Growth Very High Risk	0.6%	0.0%	₹1623.85 Cr	24.5%
DSP Gold ETF Fund of Fund Direct Growth Very High Risk	0.7%	0.0%	₹331.34 Cr	101.0%
DSP Multi Asset Allocation Fund Direct Growth Very High Risk	0.2%	1.0%	₹6440.17 Cr	28.2%
DSP FMP - Series 264 - 60M - 17D Direct Growth Low to Moderate Risk	-	0.0%	₹52.27 Cr	7.5%
DSP FMP Series 267 - 1246 Days Direct Growth Low Risk	-	0.0%	₹699.56 Cr	7.0%
DSP FMP Series 261 37 Month Direct Growth Moderate Risk	-	-	-	-
DSP Fixed Maturity Plan Series 270 1144 Days Direct Growth Low Risk	-	0.0%	₹180.35 Cr	7.0%
DSP FMP Series 268 - 1281 Days Direct Growth Low Risk	-	-	₹122.54 Cr	6.9%
DSP FMP Series 252 38 Month Direct Growth Moderate Risk	-	0.0%	-	-
DSP Banking & PSU Debt Fund Direct Growth Low Risk	0.3%	0.0%	₹3948.37 Cr	6.3%
DSP Dynamic Asset Allocation Fund Direct Growth Moderately High risk	0.7%	1.0%	₹3708.72 Cr	9.2%
DSP Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹2659.27 Cr	5.7%
DSP Nifty 50 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹904.10 Cr	10.4%
DSP Nifty Next 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹1153.07 Cr	6.2%
DSP Healthcare Fund Direct Growth Very High Risk	0.6%	0.0%	₹3114.33 Cr	-5.9%
DSP Global Allocation Fund Direct Growth Very High Risk	0.4%	0.0%	₹1982.13 Cr	4.0%
DSP Quant Fund Direct Growth Very High Risk	0.6%	0.0%	₹880.84 Cr	9.5%
DSP Low Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹6367.49 Cr	7.0%
DSP Value Fund Direct Growth Very High Risk	0.9%	1.0%	₹1325.77 Cr	12.3%
DSP Nifty SDL Plus G-Sec Jun 2028 30:70 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹2033.73 Cr	7.9%
DSP Bond Fund Direct Growth Moderately High risk	0.4%	0.0%	₹314.47 Cr	7.3%
DSP Flexi Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹12327.61 Cr	5.9%
DSP Government Securities Direct Growth Moderate Risk	0.6%	0.0%	₹1292.05 Cr	4.0%
DSP Equity & Bond Fund Direct Growth High Risk	0.7%	1.0%	₹12161.66 Cr	6.9%
DSP Focus Fund Direct Growth Very High Risk	0.9%	1.0%	₹2686.67 Cr	9.5%
DSP Credit Risk Fund Direct Growth Moderately High risk	0.4%	3.0%	₹205.76 Cr	21.6%
DSP India TIGER Fund Direct Growth Very High Risk	0.7%	1.0%	₹5323.37 Cr	1.2%
DSP Liquidity Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹17776.95 Cr	6.5%
DSP Regular Saving Fund Direct Growth Moderately High risk	0.5%	0.0%	₹183.97 Cr	7.7%
DSP Small Cap Fund Direct Growth Very High Risk	0.8%	1.0%	₹16934.59 Cr	-1.2%
DSP Ultra Short Fund Direct Growth Moderate Risk	0.3%	0.0%	₹3971.51 Cr	7.2%
DSP Short Term Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹3905.96 Cr	7.2%
DSP Midcap Fund Direct Growth Very High Risk	0.7%	1.0%	₹19585.60 Cr	5.2%

Risk Level

Your principal amount will be at Very High Risk

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What is the current NAV of DSP Banking & Financial Services Fund Direct Growth?

The NAV of DSP Banking & Financial Services Fund Direct Growth, as of 21-Jan-2026, is ₹14.40.

What is the portfolio composition of DSP Banking & Financial Services Fund Direct Growth?

The fund's allocation of assets is distributed as 97.75% in equities, 0.00% in bonds, and 2.25% in cash and cash equivalents.

Who manages the DSP Banking & Financial Services Fund Direct Growth?

The fund managers responsible for DSP Banking & Financial Services Fund Direct Growth are:-

Rohit Singhania

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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DSP Banking & Financial Services Fund Direct Growth

Fund Overview