April 4, 2026
RA Jainee
DSP Banking & Financial Services FundÂ
| Fund at a Glance | |
| NAV Growth (Rs.) | 13.23 |
| NAV Bonus (Rs.) | — |
| NAV IDCWÂ (Rs.) | 11.15 |
| Min. Investment (Rs.) | 100 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 12 |
| Benchmark | NIFTY Financial Services TRI |
| AUM Rs. | 1,729 Cr |
| Â | (As on 28-Feb-2026) |
| Expense | 0.63% |
| 1 Year Return (%) | 7.08 |
| 3 Year Return (%) | — |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 12.85% |
⚖️ Sahifund Review – DSP Banking & Financial Services Fund ✔
âś“ PLUS: DSP Banking & Financial Services Fund has made a fairly strong start, with a 1-year return of 7.08%, clearly outperforming both the benchmark NIFTY Financial Services TRI and the broader banking fund category average. The fund also scores well on cost efficiency, with a relatively attractive expense ratio of 0.63%, which is a plus for a sectoral strategy. Its 37-stock portfolio offers decent diversification within the banking and financial space, while still maintaining enough conviction to benefit from sector upcycles. The presence of mid- and small-cap financials alongside large banks gives the portfolio a bit more growth potential than plain vanilla banking funds. Backed by the credibility of DSP Mutual Fund, this can work as a tactical SIP allocation for investors who are structurally bullish on financials.
⚖️ MINUS: The biggest issue is that this is still a sector fund, and sector funds are inherently high-risk because they depend on one part of the market. The fund is also too new (launched in Dec 2023), so there is no 3-year or 5-year record to judge whether this performance is sustainable. Its turnover of 62% is not extreme, but it still suggests active churn that can add unpredictability. Portfolio concentration is meaningful, with top 10 holdings at 57.45% and top 3 sectors at 97.68%, so diversification is naturally limited. Also, compared with seasoned peers like SBI Banking & Financial Services or Mirae Asset Banking & Fin Services, it still lacks long-cycle proof. In weak financial cycles, such funds can underperform sharply and test investor patience.
Sahifund View (Decisive Line):
A promising low-cost banking sector fund — but still best treated as a high-risk tactical SIP bet, not a core portfolio holding.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.Â
Suitable For Which Investors?
Nobody should invest in Banking funds in our opinion, because:Â
• They have a narrow focus on only financial services companiesÂ
• Instead, diversified equity funds which invest across sectors are betterÂ
If you still choose to invest:Â
1. Invest only through SIPÂ
2. Have a 7+ year investment horizonÂ
3. Be prepared to withstand interim sharp declines in investment value.Â
Fund’s Investment Strategy:Â
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.Â
Fund Manager:Â
1) Preethi R SÂ
Education: Ms. R S is B.E and MBA (Finance).Â
Experience: Prior to joining DSP Mutual Fund, she has worked with PwC India, UTI Mutual Fund.Â
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 | 0.5% for redemption within 1 month |
Basic Details of DSP Banking & Financial Services Fund Â
| Fund House | DSP Mutual Fund |
| Launch Date | 08-Dec-23 |
| Return Since Launch | 12.85% |
| Benchmark | NIFTY Financial Services TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 1,729 Cr |
| Â | (As on 28-Feb-2026) |
| Expense | 0.63% |
| Â | (As on 31-Mar-2026) |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 62.00% |
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DSP Banking & Financial Services Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| DSP Banking & Financial Services Dir | -9.79 | -0.25 | -10.09 | -10.80 | -3.30 | 7.08 | — | — | — | — |
| BSE Bankex TRI | -13.11 | 0.22 | -13.84 | -14.04 | -7.04 | -1.05 | — | — | — | — |
| Equity: Sectoral-Banking | -12.26 | -0.02 | -11.69 | -13.19 | -6.00 | 3.78 | — | — | — | — |
| Rank within category | 3 | 34 | 7 | 3 | 3 | 4 | — | — | — | — |
| Number of funds in category | 37 | 42 | 40 | 37 | 36 | 35 | 17 | 12 | 10 | 10 |
Peer Comparison of DSP Banking & Financial Services Fund
| Â | 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 | 7.08 | — | — | 0.63 | 1,729 | 12.85 | 0.50 (30) | 2Y 3M | 62.00 |
| SBI Banking & Financial Services Dir | 4 star | 5.08 | 18.66 | 13.28 | 0.74 | 10,725 | 14.50 | 0.50 (30) | 11Y 1M | 84.00 |
| Nippon India Banking & Financial Srvices Dir | 4 star | 1.11 | 15.44 | 15.16 | 0.97 | 7,869 | 13.14 | 1.00 (30) | 13Y 3M | 24.00 |
| Mirae Asset Banking and Fin Srvcs Dir | 4 star | 5.78 | 16.26 | 13.50 | 0.61 | 2,272 | 15.1 | 1.00 (365) | 5Y 3M | 40.00 |
| Sundaram Financial Services Opportunities Dir | 4 star | 2.49 | 16.22 | 14.02 | 0.79 | 1,684 | 13.07 | 0.50 (30) | 13Y 3M | 31.60 |
DSP Banking & Financial Services Fund PortfolioÂ
| No. of Stocks | 37 |
| Top 10 Stocks | 57.45% |
| Top 5 Stocks | 35.88% |
| Top 3 Sectors | 97.68% |
| Portfolio P/B Ratio | 2.86 |
| Portfolio P/E Ratio | 21.45 |
Portfolio Breakup
| Â | Fund | Category |
| Average Mkt Cap (Rs Cr) | 1,46,561 | 3,15,573 |
| Giant (%) | — | — |
| Large (%) | 54.20 | 73.41 |
| Mid (%) | 23.69 | 19.45 |
| Small (%) | 22.11 | 10.34 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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