DSP Banking & Financial Services Fund

Q: What are the returns of this mutual fund scheme?

The DSP Banking & Financial Services Fund is a 2 yrs 2 m old fund and has delivered average annual returns of 16.08% since inception. DSP Banking & Financial Services Fund Returns 1-Year Since Inception 19.62% 16.08%

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹13.85-2.51% 1 day change	16.08% p.a.	App exclusive #NA View Ranked Funds	₹1,624 Cr

Historical NAV & returns

NAV: ₹13.85 as on Feb 02, 2026

This fund Category average

DSP Banking & Financial Services Fund overview

AUM (Fund size)	₹1,624 Cr
Exit load	0.5% Exit load of 0.50%, if redeemed within 1 month.!
Lock-in Period	Nil
Age	2 yrs 2 m since Nov 20, 2023
Benchmark	NIFTY Financial Services TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Expense ratio	2.07% as on Feb 02, 2026
Plan type	Regular
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

DSP Banking & Financial Services Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Feb 03, 2026

Period	This fund	Category average
1 Month	-4.17%	-3.77%
3 Months	-0.22%	-1.08%
6 Months	6.42%	3.99%
1 Year	19.62%	17.03%
2 Years	17.54%	11.12%

View returns in detail

Asset allocationas on Dec 31, 2025

Large Cap 55.66%

Mid Cap 24.54%

Small Cap 17.51%

Other Cap 0%

Top holdings

ICICI Bank Ltd.13.08%

Axis Bank Ltd.7.6%

State Bank of India6.8%

Bajaj Finance Ltd.4.92%

Top sectors

Financial 76.1%

Insurance 10.34%

Services 7.959999999999999%

Unclassified 2.19%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Bifurcation by Holding is not available for this fund

Allocation by Instruments

Reverse Repo 2.43%

Other Holdings

Others 2.43%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
DSP Banking & Financial Services Fund	-4.17%	6.42%	19.62%	N.A.	N.A.	N.A.
Sundaram Financial Services Opportunities Fund	-4.22%	6.67%	17.13%	18.6%	14.74%	16.65%
SBI Banking & Financial Services Fund	-3.42%	6.15%	21.88%	20.35%	14.29%	18.01%
Nippon India Banking & Financial Services Fund	-3.39%	4.54%	17.32%	18.24%	17.18%	15.87%
Invesco India Financial Services Fund	-3.18%	4.28%	20.01%	21.28%	15.4%	17.03%
Mirae Asset Banking and Financial Services Fund	-2.7%	5.71%	22.94%	17.78%	13.94%	7.99%

Fund name	Std. deviation	Beta	Sharpe	Sortino
DSP Banking & Financial Services Fund	N.A.	N.A.	N.A.	N.A.
Sundaram Financial Services Opportunities Fund	12.45	0.92	1.05	1.96
SBI Banking & Financial Services Fund	11.06	0.82	1.28	2.55
Nippon India Banking & Financial Services Fund	11.51	0.86	1.02	2.1
Invesco India Financial Services Fund	11.85	0.81	1.29	2.07
Mirae Asset Banking and Financial Services Fund	12.43	0.95	0.97	2.29

Fund name	ETM Rank	AUM	Fund age	Expense ratio
DSP Banking & Financial Services Fund	N.A.	1,624 Cr	2 yrs 2 m	2.07%
Sundaram Financial Services Opportunities Fund	N.A.	1,661 Cr	17 yrs 9 m	2.09%
SBI Banking & Financial Services Fund	N.A.	10,106 Cr	10 yrs 11 m	1.76%
Nippon India Banking & Financial Services Fund	N.A.	7,778 Cr	22 yrs 8 m	1.83%
Invesco India Financial Services Fund	N.A.	1,599 Cr	17 yrs 8 m	2.09%
Mirae Asset Banking and Financial Services Fund	N.A.	2,216 Cr	5 yrs 2 m	2.01%

View all Sectoral-banking funds

Key risk & return ratios Compared to other funds in the category

Risk ratios are based on three-year data. The required data is unavailable for the scheme.

Compare DSP Banking & Financial Services Fund in detail with

About this fund

About DSP Banking & Financial Services Fund

DSP Banking & Financial Services Fund is a Sectoral-Banking mutual fund scheme from Dsp Mutual Fund. This fund has been in existence for 2 yrs 2 m, having been launched on 20/11/2023. DSP Banking & Financial Services Fund has ₹1,624 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of DSP Banking & Financial Services Fund as of 02/02/2026 is ₹13.85. The fund has an expense ratio of 2.07%, which is higher than what most other Sectoral-banking funds charge.

DSP Banking & Financial Services Fund returns of last 1-year are 19.90%. Since launch, it has delivered 16.31% average annual returns.
The fund has the majority of its money invested in Financial, Insurance, Services, Unclassified, Technology sectors. It has taken less exposure in Financial, Insurance sectors compared to other funds in the category.
The fund's top 5 holdings are in ICICI Bank Ltd., Axis Bank Ltd., State Bank of India, Bajaj Finance Ltd., SBI Life Insurance Company Ltd..

...

Fund AUM	1,624 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Dhaval Gada

Mr. Gada has done B.Com, PGDM(Finance) and CFA (level 3 appearing) Prior to joining DSP Mutual Fund, he has worked with Sundaram Mutual Fund, Motilal Oswal Financial Services Ltd, Morgan Stanley, Edelweiss Capital, India Capital Market Pvt Ltd. and Gridstone Research

Preethi R S

Ms. R S is B.E and MBA (Finance). Prior to joining DSP Mutual Fund, she has worked with PwC India, UTI Mutual Fund.

Investment objective

The scheme seeks 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.

DSP Mutual Fund details

No. of schemes	54 view all schemes
Total AUM	2,24,669 Cr as on Dec 31, 2025
Address	NATRAJ, Office No. 302-3rd Floor-Plot No. 194, MV Road Junction Western Express Highway, Andheri East Mumbai, 400069
Phone	1800-208-4499 / 1800-200-4499

More funds from DSP Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
DSP World Gold Mining Overseas Equity Omni FoF	N.A.	1,756 Cr	148.27%	25.87%
DSP India T.I.G.E.R. Fund	N.A.	5,323 Cr	7.62%	23.92%
DSP Natural Resources and New Energy Fund	N.A.	1,573 Cr	29.76%	22.34%
DSP Small Cap Fund	N.A.	16,935 Cr	3.38%	20.28%
DSP World Mining Overseas Equity Omni FoF	N.A.	154 Cr	97.02%	20.01%
DSP US Specific Equity Omni FoF	N.A.	1,068 Cr	33.72%	17.76%

See all Equity funds from this AMC

Frequently asked questions

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

The current Net Asset Value (NAV) of the DSP Banking & Financial Services Fund plan is approximately ₹13.85 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The DSP Banking & Financial Services Fund is a 2 yrs 2 m old fund and has delivered average annual returns of 16.08% since inception.

DSP Banking & Financial Services Fund Returns

1-Year	Since Inception
19.62%	16.08%

How much does this mutual fund charge as expense ratio?

The DSP Banking & Financial Services Fund has an expense ratio of 2.07%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The DSP Banking & Financial Services Fund currently has assets under management (AUM) or fund size valued at approximately 1,624 Cr as on Dec 31, 2025.

What are the top stock holdings of DSP Banking & Financial Services Fund?

The DSP Banking & Financial Services Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
ICICI Bank Ltd.	13.08%
Axis Bank Ltd.	7.6%
State Bank of India	6.8%
Bajaj Finance Ltd.	4.92%
SBI Life Insurance Company Ltd.	4.81%
Multi Commodity Exchange Of India Ltd.	4.55%
HDFC Bank Ltd.	4.46%
Kotak Mahindra Bank Ltd.	4.1%
Aditya Birla Capital Ltd.	3.87%
Canara HSBC Life Insurance Company Ltd.	3.36%

What are the top sectors DSP Banking & Financial Services Fund has invested in?

The DSP Banking & Financial Services Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Financial	76.1%
Insurance	10.34%
Services	7.959999999999999%
Unclassified	2.19%
Technology	0.77%

What is risk level of DSP Banking & Financial Services Fund?

This is a Sectoral-banking fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How can I redeem my investments in DSP Banking & Financial Services Fund?

Redeeming your investments in the DSP Banking & Financial Services Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Sectoral-Banking

#NA

Return Outperformance: This fund has generated highest return amongst Sectoral-Banking funds in the last 2 Years.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 0.50%, if redeemed within 1 month.