May 6, 2025
RA Jainee
DSP Nifty Bank Index Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 11.2087
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.
Fund’s Investment Strategy:
The Scheme seeks to generate returns that are commensurate with the performance of the Nifty Bank Index, subject to tracking error.
Fund Manager:
1) Anil Ghelani
Education: Mr. Ghelani has done B. Com., CFA & CA
Experience: Prior to joining DSP Mutual Fund he has worked with IL&FS, S. R. Batliboi, V. C. Shah & Co.
2) Diipesh Shah
Education: Mr. Shah is a B Com, ACA, Candidate of the CFA Program, CFA Institute USA, Level I Cleared
Experience: Prior to joining DSP Mutual Fund, he has worked with JM Financial, Centrum Broking, IDFC Securities, ICICI Securities and IIFL Capital Pte Ltd Singapore.
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 of DSP Nifty Bank Index Fund
| Fund House | DSP Mutual Fund |
| Launch Date | 31-May-24 |
| Return Since Launch | 12.09% |
| Benchmark | NIFTY Bank TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 47 Cr |
| (As on 31-Mar-2025) | |
| Expense | 0.20% |
| (As on 31-Mar-2025) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 41.00% |
Trailing Returns (%) of DSP Nifty Bank Index Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| DSP Nifty Bank Index Dir | 7.90 | -0.36 | 6.63 | 9.03 | 5.03 | — | — | — | — | — |
| BSE Bankex TRI | 7.63 | -0.90 | 5.06 | 8.94 | 4.41 | — | — | — | — | — |
| Equity: Sectoral-Banking | 6.86 | 0.19 | 6.24 | 8.07 | 4.47 | — | — | — | — | — |
| Rank within category | 12 | 29 | 7 | 8 | 16 | — | — | — | — | — |
| Number of funds in category | 33 | 37 | 37 | 33 | 32 | 27 | 17 | 12 | 11 | 10 |
Peer Comparison of DSP Nifty Bank Index 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 Nifty Bank Index Dir | Unrated | — | — | — | 0.20 | 47 | 12.09 | — | 11M | 41.00 |
| Motilal Oswal Nifty Bank Index Dir | 2 star | 12.90 | 16.63 | 23.47 | 0.33 | 594 | 13.23 | 1.00 (15) | 5Y 8M | 27.00 |
| Navi Nifty Bank Index Dir | 2 star | 12.94 | 16.52 | — | 0.10 | 585 | 11.74 | — | 3Y 3M | 49.00 |
| ICICI Pru Nifty Bank Index Dir | 1 star | 12.85 | 16.40 | — | 0.20 | 566 | 15.21 | — | 3Y 2M | 30.00 |
| Nippon India ETF Nifty Bank BeES | Unrated | 12.92 | 16.68 | 23.75 | 0.19 | 7,382 | 16.47 | — | 20Y 11M | 42.00 |
Portfolio Analysis of DSP Nifty Bank Index Fund
| No. of Stocks | 12 |
| Top 10 Stocks | 95.09% |
| Top 5 Stocks | 79.03% |
| Top 3 Sectors | 99.92% |
| Portfolio P/B Ratio | 2.02 |
| Portfolio P/E Ratio | 13.56 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 5,03,496 | 3,47,699 |
| Giant (%) | 79.09 | 65.54 |
| Large (%) | 8.50 | 20.99 |
| Mid (%) | 12.41 | 14.47 |
| Small (%) | — | 5.13 |
| Tiny (%) | — | — |
Chanakya’s Mutual Fund Guidance For DSP Nifty Bank Index Fund
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