DSP Banking & PSU Debt Fund Direct Growth

Fund Overview

Fund Size

₹3,270 Cr

Expense Ratio

0.33%

ISIN

INF740K01ZW2

Minimum SIP

₹100

Exit Load

No Charges

Inception Date

14 Sep 2013

About this fund

DSP Banking & PSU Debt Fund Direct Growth is a Banking & PSU mutual fund schemes offered by DSP Mutual Fund. This fund has been in existence for 13 years and 28 days, having been launched on 14-Sep-13.
As of 09-Oct-26, it has a Net Asset Value (NAV) of ₹26.28, Assets Under Management (AUM) of 3270.25 Crores, and an expense ratio of 0.33%.

DSP Banking & PSU Debt Fund Direct Growth has given a CAGR return of 7.68% since inception.
The fund's asset allocation comprises around 0.00% in equities, 85.59% in debts, and 14.41% in cash & cash equivalents.
You can start investing in DSP Banking & PSU Debt 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

+3.63%

+4.16% (Cat Avg.)

3 Years

+6.90%

+6.71% (Cat Avg.)

5 Years

+5.97%

+5.89% (Cat Avg.)

10 Years

+6.79%

+6.15% (Cat Avg.)

Since Inception

+7.68%

— (Cat Avg.)

Portfolio Summaryas of 15th September 2026

Debt	₹2,799.01 Cr	85.59%
Others	₹471.25 Cr	14.41%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Punjab National Bank	Cash - CD/Time Deposit	₹193.65 Cr	6.86%
Treps / Reverse Repo Investments / Corporate Debt Repo	Cash - Repurchase Agreement	₹-144.7 Cr	5.13%
HDFC Bank Limited	Bond - Corporate Bond	₹128.14 Cr	4.54%
Union Bank of India	Bond - Corporate Bond	₹118.63 Cr	4.20%
Bharti Telecom Limited	Bond - Corporate Bond	₹106.18 Cr	3.76%
GAil (India) Limited	Bond - Corporate Bond	₹105.41 Cr	3.74%
Bharti Telecom Limited	Bond - Corporate Bond	₹104.03 Cr	3.69%
Export Import Bank Of India	Bond - Corporate Bond	₹102.48 Cr	3.63%
7.08% Haryana Sgs 2039	Bond - Gov't/Treasury	₹101.91 Cr	3.61%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹101.4 Cr	3.59%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹100.08 Cr	3.55%
National Housing Bank	Bond - Corporate Bond	₹76.64 Cr	2.72%
Power Grid Corporation Of India Limited	Bond - Corporate Bond	₹76.28 Cr	2.70%
Power Finance Corporation Limited	Bond - Corporate Bond	₹75.85 Cr	2.69%
Rec Limited	Bond - Corporate Bond	₹75.36 Cr	2.67%
HDFC Bank Limited	Bond - Corporate Bond	₹74.67 Cr	2.65%
6.9% Govt Stock 2065	Bond - Gov't/Treasury	₹69.51 Cr	2.46%
Power Finance Corporation Limited	Bond - Corporate Bond	₹63.04 Cr	2.23%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹54.82 Cr	1.94%
National Bank For Financing Infrastructure And Development	Bond - Corporate Bond	₹54.59 Cr	1.93%
Power Finance Corporation Limited	Bond - Corporate Bond	₹52.8 Cr	1.87%
7.32% Govt Stock 2030	Bond - Gov't/Treasury	₹52.23 Cr	1.85%
Power Finance Corporation Limited	Bond - Corporate Bond	₹51.76 Cr	1.83%
Power Grid Corporation Of India Limited	Bond - Corporate Bond	₹51.57 Cr	1.83%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹51.51 Cr	1.83%
Power Grid Corporation Of India Limited	Bond - Corporate Bond	₹51.14 Cr	1.81%
Rec Limited	Bond - Corporate Bond	₹51.13 Cr	1.81%
State Bank Of India	Bond - Corporate Bond	₹51.04 Cr	1.81%
State Bank Of India	Bond - Corporate Bond	₹49.43 Cr	1.75%
Icici Securities Limited	Cash - Commercial Paper	₹49.37 Cr	1.75%
Maharashtra SDL	Bond - Gov't/Treasury	₹49.34 Cr	1.75%
Bank Of Baroda	Cash - CD/Time Deposit	₹48.72 Cr	1.73%
Punjab National Bank	Cash - CD/Time Deposit	₹48.72 Cr	1.73%
Axis Bank Limited	Cash - CD/Time Deposit	₹48.65 Cr	1.72%
HDFC Bank Ltd	Cash - CD/Time Deposit	₹48.54 Cr	1.72%
Rec Limited	Bond - Corporate Bond	₹47.92 Cr	1.70%
State Bank Of India	Bond - Corporate Bond	₹32.05 Cr	1.14%
Net Receivables/Payables	Cash	₹28.45 Cr	1.01%
Export Import Bank Of India	Bond - Corporate Bond	₹26.13 Cr	0.93%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹25.79 Cr	0.91%
Rec Limited	Bond - Corporate Bond	₹25.73 Cr	0.91%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹25.26 Cr	0.90%
Rec Limited	Bond - Corporate Bond	₹25.23 Cr	0.89%
Ntpc Limited	Bond - Corporate Bond	₹25.19 Cr	0.89%
National Bank For Financing Infrastructure And Development	Bond - Corporate Bond	₹24.95 Cr	0.88%
Rural Electrification Corporation Limited	Bond - Corporate Bond	₹24.86 Cr	0.88%
7.17% Gujarat Sgs 2032	Bond - Gov't/Treasury	₹24.84 Cr	0.88%
Bank Of Baroda	Cash - CD/Time Deposit	₹24.37 Cr	0.86%
HDFC Bank Limited	Cash - CD/Time Deposit	₹24.35 Cr	0.86%
Power Finance Corporation Limited	Bond - Corporate Bond	₹20.21 Cr	0.72%
SBI Funds Management Private Ltd	Bond - Corporate Bond	₹12.11 Cr	0.43%
Treps / Reverse Repo Investments / Corporate Debt Repo	Bond - Gov't/Treasury	₹10.75 Cr	0.38%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Instruments	Amount	Holdings
Bond - Corporate Bond	₹2,143.42 Cr	75.95%
Cash - CD/Time Deposit	₹437.02 Cr	15.49%
Bond - Gov't/Treasury	₹308.58 Cr	10.93%
Cash - Repurchase Agreement	₹-144.7 Cr	5.13%
Cash - Commercial Paper	₹49.37 Cr	1.75%
Cash	₹28.45 Cr	1.01%
Bond - Gov't Agency Debt	₹0 Cr	-

Risk & Performance Ratios

Fund Managers

Sandeep Yadav

Since August 2024

Shantanu Godambe

Since June 2023

Additional Scheme Detailsas of 15th September 2026

ISIN

INF740K01ZW2

Expense Ratio

0.33%

Exit Load

No Charges

Fund Size

₹3,270 Cr

Age

13 years

Lumpsum Minimum

₹100

Fund Status

Open Ended Investment Company

Benchmark

Nifty Banking & PSU Debt Idx A-II TR INR

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 Banking & PSU Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Bajaj Finserv Banking and PSU Fund Regular Growth Low to Moderate Risk	0.9%	0.0%	₹368.32 Cr	3.9%
Bajaj Finserv Banking and PSU Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹368.32 Cr	4.5%
HSBC Banking & PSU Debt Direct Growth Moderate Risk	0.3%	0.0%	₹3777.23 Cr	4.5%
LIC MF Banking & PSU Debt Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹1648.88 Cr	4.9%
Axis Banking & PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹12003.89 Cr	4.6%
Invesco India Banking & PSU Debt Fund Regular Growth Moderate Risk	0.6%	0.0%	₹82.20 Cr	4.1%
DSP Banking & PSU Debt Fund Regular Growth Low Risk	0.6%	0.0%	₹3270.25 Cr	3.4%
DSP Banking & PSU Debt Fund Direct Growth Low Risk	0.3%	0.0%	₹3270.25 Cr	3.6%
Edelweiss Banking and PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹3139.98 Cr	4.5%
Edelweiss Banking and PSU Debt Fund Regular Growth Moderate Risk	0.7%	0.0%	₹3139.98 Cr	4.2%
Kotak Banking & PSU Debt Direct Growth Low to Moderate Risk	0.4%	0.0%	₹4936.81 Cr	4.8%
Nippon India Banking & PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹5149.77 Cr	4.4%
Nippon India Banking & PSU Debt Fund Regular Growth Moderate Risk	0.8%	0.0%	₹5149.77 Cr	4.0%
TrustMF Banking & PSU Debt Fund Regular Growth Low to Moderate Risk	0.7%	0.0%	₹130.72 Cr	6.7%
TrustMF Banking & PSU Debt Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹130.72 Cr	7.3%
UTI Banking & PSU Debt Fund Regular Growth Low to Moderate Risk	0.5%	0.0%	₹1450.05 Cr	5.7%
UTI Banking & PSU Debt Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹1450.05 Cr	6.0%
ICICI Prudential Banking and PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹8667.02 Cr	4.9%
HDFC Banking and PSU Debt Fund Regular Growth Moderate Risk	0.7%	0.0%	₹5186.08 Cr	3.9%
HDFC Banking and PSU Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹5186.08 Cr	4.3%
Axis Banking & PSU Debt Fund Regular Growth Moderate Risk	0.7%	0.0%	₹12003.89 Cr	4.3%
LIC MF Banking & PSU Debt Fund Regular Growth Low to Moderate Risk	0.7%	0.0%	₹1648.88 Cr	4.4%
Baroda BNP Paribas Banking and PSU Bond Fund Direct Growth Moderate Risk	0.4%	0.0%	₹26.92 Cr	8.2%
Baroda BNP Paribas Banking and PSU Bond Fund Regular Growth Moderate Risk	0.8%	0.0%	₹26.92 Cr	7.8%
ITI Banking & PSU Debt Fund Regular Growth Low to Moderate Risk	0.8%	0.0%	₹33.69 Cr	4.0%
ITI Banking & PSU Debt Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹33.69 Cr	4.6%
Aditya BSL Banking & PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹8682.46 Cr	4.2%
Invesco India Banking & PSU Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹82.20 Cr	4.5%
Sundaram Banking & PSU Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹261.54 Cr	4.5%
SBI Banking and PSU Fund Regular Growth Moderate Risk	0.6%	0.0%	₹3869.84 Cr	4.3%
SBI Banking and PSU Fund Direct Growth Moderate Risk	0.3%	0.0%	₹3869.84 Cr	4.7%
HSBC Banking & PSU Debt Regular Growth Moderate Risk	0.6%	0.0%	₹3777.23 Cr	4.1%
Kotak Banking & PSU Debt Regular Growth Low to Moderate Risk	0.8%	0.0%	₹4936.81 Cr	4.5%
Mirae Asset Banking and PSU Debt Fund Regular Growth Low to Moderate Risk	0.8%	0.0%	₹39.76 Cr	3.6%
Mirae Asset Banking and PSU Debt Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹39.76 Cr	4.1%
Aditya BSL Banking & PSU Debt Fund Regular Growth Moderate Risk	0.8%	0.0%	₹8682.46 Cr	3.8%
Sundaram Banking & PSU Debt Fund Regular Growth Moderate Risk	0.4%	0.0%	₹261.54 Cr	4.3%
ICICI Prudential Banking and PSU Debt Fund Regular Growth Moderate Risk	0.7%	0.0%	₹8667.02 Cr	4.5%
Tata Banking & PSU Debt Fund Regular Growth Low to Moderate Risk	0.7%	0.0%	₹207.53 Cr	6.5%
Tata Banking & PSU Debt Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹207.53 Cr	7.0%
Canara Robeco Banking and PSU Debt Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹165.86 Cr	4.0%
Canara Robeco Banking and PSU Debt Fund Regular Growth Low to Moderate Risk	0.7%	0.0%	₹165.86 Cr	3.7%
PGIM India Banking and PSU Debt fund Regular Growth Moderate Risk	0.4%	0.0%	₹45.38 Cr	6.6%
PGIM India Banking and PSU Debt fund Direct Growth Moderate Risk	0.2%	0.0%	₹45.38 Cr	6.8%
Franklin India Banking & PSU Debt Fund Direct Growth Moderate Risk	0.2%	0.0%	₹567.02 Cr	5.9%
Franklin India Banking & PSU Debt Fund Regular Growth Moderate Risk	0.5%	0.0%	₹567.02 Cr	5.6%
Bandhan Banking & PSU Debt Fund Regular Growth Moderate Risk	0.7%	0.0%	₹12013.52 Cr	5.1%
Bandhan Banking & PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹12013.52 Cr	5.4%

About the AMC

DSP Mutual Fund

+91 18002084499

https://www.dspim.com/

Total AUM

₹2,53,738 Cr

Address

West Wing, 11th Floor, Mumbai, 400021

Other Funds by DSP Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
DSP Financial Services Sectoral Debt Fund Direct Growth Moderate Risk	0.2%	0.0%	-	-
DSP Multi Asset Omni Fund of Funds Direct Growth Very High Risk	0.9%	0.0%	₹882.89 Cr	-
DSP Nifty 500 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹16.23 Cr	-
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	0.6%	0.0%	₹17.58 Cr	-
DSP Nifty Midcap 150 Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹17.80 Cr	-
DSP Nifty500 Flexicap Quality 30 Index Fund Direct Growth Very High Risk	0.8%	0.0%	₹203.04 Cr	-10.8%
DSP Nifty IT Index Fund Direct Growth Very High Risk	0.5%	0.0%	₹112.17 Cr	-18.1%
DSP Nifty Healthcare Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹25.41 Cr	8.9%
DSP Silver ETF Fund of Fund Direct Growth Very High Risk	0.9%	0.0%	₹715.77 Cr	34.8%
DSP Nifty Private Bank Index Fund Direct Growth Very High Risk	0.6%	0.0%	₹110.35 Cr	-0.9%
DSP BSE SENSEX Next 30 Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹26.06 Cr	-0.1%
DSP Business Cycle Fund Direct Growth Very High Risk	1.3%	0.0%	₹1469.37 Cr	-2.2%
DSP Nifty Top 10 Equal Weight Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹1139.69 Cr	-13.3%
DSP Nifty Bank Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹65.31 Cr	-1.3%
DSP US Treasury Fund of Fund Direct Growth Very High Risk	0.2%	0.0%	₹68.65 Cr	5.5%
DSP Nifty Healthcare ETF Regular Growth Very High Risk	0.2%	-	₹14.94 Cr	11.4%
DSP Multicap Fund Direct Growth Low Risk	0.7%	1.0%	₹3024.92 Cr	-2.0%
DSP Nifty Smallcap250 Quality 50 Index Fund Direct Growth Very High Risk	0.5%	0.0%	₹316.41 Cr	-7.9%
DSP Banking & Financial Services Fund Direct Growth Very High Risk	0.8%	0.0%	₹2183.66 Cr	5.9%
DSP Gold ETF Fund of Fund Direct Growth High Risk	1.0%	0.0%	₹556.84 Cr	20.8%
DSP Multi Asset Allocation Fund Direct Growth Very High Risk	0.6%	1.0%	₹10989.91 Cr	6.8%
DSP FMP - Series 264 - 60M - 17D Direct Growth Low Risk	-	0.0%	₹54.64 Cr	5.8%
DSP FMP Series 267 - 1246 Days Direct Growth Low Risk	-	0.0%	₹717.68 Cr	5.6%
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	5.6%
DSP FMP Series 268 - 1281 Days Direct Growth Low Risk	-	-	₹122.54 Cr	5.7%
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%	₹3270.25 Cr	3.6%
DSP Dynamic Asset Allocation Fund Direct Growth Very High Risk	1.1%	1.0%	₹3821.11 Cr	1.9%
DSP Overnight Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹2853.61 Cr	5.3%
DSP Nifty 50 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹1108.80 Cr	-9.7%
DSP Nifty Next 50 Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹1406.84 Cr	0.1%
DSP Healthcare Fund Direct Growth Very High Risk	0.7%	0.0%	₹3835.28 Cr	14.3%
DSP Global Allocation Fund Direct Growth Very High Risk	0.7%	0.0%	₹1593.30 Cr	4.7%
DSP Quant Fund Direct Growth Very High Risk	1.1%	0.0%	₹767.23 Cr	-7.3%
DSP Low Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹4750.25 Cr	5.9%
DSP Value Fund Direct Growth Very High Risk	1.7%	1.0%	₹2220.35 Cr	1.6%
DSP Nifty SDL Plus G-Sec Jun 2028 30:70 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹1649.42 Cr	5.1%
DSP Bond Fund Direct Growth Moderately High risk	0.4%	0.0%	₹251.42 Cr	3.7%
DSP Flexi Cap Fund Direct Growth Very High Risk	0.8%	1.0%	₹12500.27 Cr	-4.3%
DSP Government Securities Direct Growth Moderate Risk	0.6%	0.0%	₹1213.03 Cr	1.9%
DSP Equity & Bond Fund Direct Growth High Risk	0.8%	1.0%	₹11758.92 Cr	-5.3%
DSP Focus Fund Direct Growth Very High Risk	1.1%	1.0%	₹2671.23 Cr	-2.5%
DSP Credit Risk Fund Direct Growth Moderate Risk	0.4%	3.0%	₹309.74 Cr	10.7%
DSP India TIGER Fund Direct Growth Very High Risk	1.1%	1.0%	₹6467.31 Cr	9.9%
DSP Liquidity Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹27920.26 Cr	6.6%
DSP Regular Saving Fund Direct Growth Moderately High risk	0.6%	0.0%	₹178.35 Cr	2.6%
DSP Small Cap Fund Direct Growth Very High Risk	0.8%	1.0%	₹21658.64 Cr	16.8%
DSP Ultra Short Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹4599.23 Cr	6.7%

Risk Level

Your principal amount will be at Low Risk

Take control of your wealth

Track and Analyse all your investments with Dezerv

Rated ★ 4.3+ on

Still got questions?
We're here to help.

What is the current NAV of DSP Banking & PSU Debt Fund Direct Growth?

The NAV of DSP Banking & PSU Debt Fund Direct Growth, as of 09-Oct-2026, is ₹26.28.

What are the returns of DSP Banking & PSU Debt Fund Direct Growth?

The fund has generated 3.63% over the last 1 year and 6.90% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of DSP Banking & PSU Debt Fund Direct Growth?

The fund's allocation of assets is distributed as 0.00% in equities, 85.59% in bonds, and 14.41% in cash and cash equivalents.

Who manages the DSP Banking & PSU Debt Fund Direct Growth?

The fund managers responsible for DSP Banking & PSU Debt Fund Direct Growth are:-

Sandeep Yadav
Shantanu Godambe

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.

;

©2021-2026 Dezerv. All Rights Reserved

Dezerv Investments Pvt. Ltd. is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.

Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.

DSP Banking & PSU Debt Fund Direct Growth

Fund Overview