May 16, 2024
mayank
DSP Nifty Bank Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the DSP Nifty Bank Index Fund Open Date, Close Date?
NFO opens on May 15, 2024
NFO will close on May 27, 2024
What is the Investment Strategy?
The Scheme seeks to generate returns that are commensurate with the performance of the Nifty Bank Index, subject to tracking error.
Basic Details
| Fund House | DSP Mutual Fund |
| Issue Open | 15 May 2024 |
| Issue Close | 27 May 2024 |
| Type | Open-ended |
| Category | Equity: Sectoral-Banking |
| Min. Investment(Rs) | 100 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | NIFTY Bank TRI |
What is the Benchmark Index?
The Nifty Bank Index comprises of the most liquid and large Indian Banking stocks. It provides investors and market intermediaries a benchmark that captures the capital market performance of the Indian banks. The Index comprises of maximum 12 companies listed on National Stock Exchange of India (NSE).
Nifty Bank Index is computed using free float market capitalization method.
Nifty Bank Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and
structured products.
Index Variant: Nifty Bank Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 4.82 | 2.29 | 14.25 | 10.66 | 17.37 |
| Total Return | 4.82 | 2.29 | 15.22 | 11.21 | 18.91 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 12.90 | 26.16 | 28.83 |
| Beta (NIFTY 50) | 1.07 | 1.23 | 1.09 |
| Correlation (NIFTY 50) | 0.83 | 0.90 | 0.84 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 15.2 | 2.91 | 0.74 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| HDFC Bank Ltd. | 29.04 |
| ICICI Bank Ltd. | 23.82 |
| Axis Bank Ltd. | 9.76 |
| State Bank of India | 9.57 |
| Kotak Mahindra Bank Ltd. | 7.91 |
| IndusInd Bank Ltd. | 6.45 |
| Bank of Baroda | 3.37 |
| Punjab National Bank | 2.70 |
| Federal Bank Ltd. | 2.34 |
| IDFC First Bank Ltd. | 2.09 |
Performance Review of the Fund Managers of DSP Nifty Bank Index Fund?
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.
Past Performance of his Schemes
| Fund | DSP Quant Fund | It’s Benchmark | DSP NIFTY 50 Equal Weight ETF | It’s Benchmark |
| 1 Year | 18.88 | 34.24 | 34.42 | 27.04 |
| 3 Year | 11.26 | 19.65 | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 16-5-2024
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.
Past Performance of his Schemes
| Fund | DSP Nifty 50 Index Fund | It’s Benchmark | DSP Nifty 50 ETF | It’s Benchmark |
| 1 Year | 21.68 | 27.04 | 22.17 | 27.04 |
| 3 Year | 15.63 | 17.80 | — | — |
| 5 Year | 15.41 | 17.33 | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 16-5-2024
Which Company Owns DSP Nifty Bank Index Fund?
DSP Investment Managers Pvt. Ltd.
Address: NATRAJ, Office No. 302-3rd Floor-Plot No. 194, MV Road Junction Western Express Highway, Andheri East Mumbai – 400069
Website: https://www.dspim.com/
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Is it good to invest in DSP Nifty Bank Index Fund NFO?
Guidance for DSP Nifty Bank Index Fund by Paresh Gordhandas, C.A., Research Analyst.
The DSP Nifty Bank Index Fund is based on the Nifty Bank Index Fund as its benchmark. This will be a passive fund and will comprise of the 12 companies which form a part of the Nifty Bank Index. The weightage of each company will also mirror as that of the benchmark Index. Hence, the stock picking skills of the Fund Manager do not come into play.
Generally, sectoral funds are not advisable and it is advised to go for multi cap or flexi cap Funds. However, in this particular case, Banking stocks are expected to do well in the coming months. To take benefit of the same, you can invest a small amount in this fund. It would be advisable to hold for a longer period of time to get better returns.
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