March 13, 2024
mayank
DSP Banking & Financial Services Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 9.9630
NAV IDCW: Rs 9.9630
Suitable For Which Investors?
This is a fund that invests mainly in shares of banks and financial services companies.
We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.
Fund’s Investment Strategy:
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.
Fund Manager:
1) Dhaval Gada
Education: Mr. Gada has done B.Com, PGDM(Finance) and CFA (level 3 appearing)
Experience: 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
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | DSP Mutual Fund |
| Launch Date | 08-Dec-23 |
| Return Since Launch | -0.37% |
| Benchmark | NIFTY Financial Services TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 541 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.89% |
| (As on 31-Jan-2024) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Trailing Returns (%) of DSP Banking & Financial Services Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| DSP Banking & Financial Services Dir | -1.45 | -0.42 | 2.06 | -0.74 | — | — | — | — | — | — |
| S&P BSE Bankex TRI | -1.31 | -0.22 | 5.27 | 0.74 | — | — | — | — | — | — |
| Equity: Sectoral-Banking | 0.49 | -0.49 | 2.74 | 1.83 | — | — | — | — | — | — |
| Rank within category | 18 | 10 | 15 | 21 | — | — | — | — | — | — |
| Number of funds in category | 23 | 26 | 25 | 23 | 22 | 19 | 13 | 11 | 11 | 8 |
Peer Comparison of DSP Banking & Financial Services Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| DSP Banking & Financial Services Dir | Unrated | — | — | — | 0.89 | 541 | -0.37 | — | 3M | — |
| Nippon India Banking & Financial Srvices Dir | 4 star | 32.52 | 19.26 | 14.40 | 1.13 | 5,225 | 14.37 | 1.00 (30) | 11Y 2M | 27.00 |
| Tata Banking & Financial Services Dir | 4 star | 26.36 | 13.43 | 15.60 | 0.51 | 1,944 | 17.96 | 0.25 (30) | 8Y 2M | 23.34 |
| Mirae Asset Banking and Fin Srvcs Dir | 4 star | 28.74 | 14.41 | — | 0.60 | 1,600 | 18.4 | 1.00 (365) | 3Y 3M | 28.00 |
| Sundaram Financial Services Opportunities Dir | 5 star | 40.12 | 18.47 | 19.07 | 0.80 | 1,150 | 14.47 | 1.00 (365) | 11Y 2M | 67.00 |
Portfolio Analysis of DSP Banking & Financial Services Fund
| No. of Stocks | 22 |
| Top 10 Stocks | 77.11% |
| Top 5 Stocks | 57.02% |
| Top 3 Sectors | 95.37% |
| Portfolio P/B Ratio | 2.60 |
| Portfolio P/E Ratio | 16.59 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,88,356 | 2,82,390 |
| Giant (%) | 56.45 | 62.51 |
| Large (%) | 16.54 | 20.07 |
| Mid (%) | 21.73 | 13.32 |
| Small (%) | 5.28 | 8.19 |
| Tiny (%) | — | — |
How to Invest in DSP Banking & Financial Services Fund?
Chanakya’s Mutual Fund Guidance For DSP Banking & Financial Services Fund
Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.
Apply Online: https://www.dspim.com/ifaxpress/ifalogin
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