March 18, 2024
mayank
DSP Nifty Private Bank ETF details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 23.3672
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 provide returns that, before expenses, correspond to the total return of the underlying index (Nifty Private Bank TRI), subject to tracking errors.
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) | 5,000 |
| Min. Addl Investment (Rs) | — |
| Min. SIP Investment (Rs) | — |
| Min. Withdrawal (Rs)– | |
| Min. No of Cheques | — |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | DSP Mutual Fund |
| Launch Date | 27-Jul-23 |
| Return Since Launch | -0.08% |
| Benchmark | Nifty Private Bank TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 143 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.15% |
| (As on 29-Feb-2024) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 6.00% |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| DSP Nifty Private Bank ETF | -6.27 | -0.04 | 1.16 | -6.53 | -2.51 | — | — | — | — | — |
| S&P BSE Bankex TRI | -2.84 | -0.50 | 0.57 | -2.77 | 1.91 | — | — | — | — | — |
| Equity: Sectoral-Banking | -0.83 | -0.31 | -1.22 | -1.30 | 6.24 | — | — | — | — | — |
| Rank within category | 40 | 7 | 2 | 40 | 40 | — | — | — | — | — |
| Number of funds in category | 44 | 49 | 48 | 44 | 43 | 36 | 26 | 16 | 16 | 11 |
Peer Comparison of DSP Nifty Private Bank ETF
| 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 Private Bank ETF | Unrated | — | — | — | 0.15 | 143 | -0.08 | — | 7M | 6.00 |
| Nippon India ETF Nifty Bank BeES | Unrated | 20.15 | 10.32 | 9.68 | 0.19 | 6,120 | 16.48 | — | 19Y 9M | 25.00 |
| Kotak Nifty Bank ETF | Unrated | 20.07 | 10.26 | 9.62 | 0.16 | 4,604 | 10.74 | — | 9Y 3M | 29.04 |
| SBI Nifty Bank ETF | Unrated | 20.13 | 10.32 | 9.7 | 0.20 | 4,560 | 11.26 | — | 9Y | 25.00 |
| ICICI Pru Nifty Bank ETF | Unrated | 20.16 | 10.38 | — | 0.15 | 3,151 | 9.52 | — | 4Y 8M | 32.00 |
Portfolio Analysis of DSP Nifty Private Bank ETF
| No. of Stocks | 10 |
| Top 10 Stocks | 100.01% |
| Top 5 Stocks | 83.81% |
| Top 3 Sectors | 100.01% |
| Portfolio P/B Ratio | 2.23 |
| Portfolio P/E Ratio | 16.50 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 3,33,286 | 2,82,390 |
| Giant (%) | 72.98 | 62.51 |
| Large (%) | 10.82 | 20.07 |
| Mid (%) | 14.70 | 13.32 |
| Small (%) | 1.50 | 8.19 |
| Tiny (%) | — | — |
How to Invest in DSP Nifty Private Bank ETF?
Chanakya’s Mutual Fund Guidance For DSP Nifty Private Bank ETF
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
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
>> Chanakya’s Mutual Fund Guidance on YouTube
https://www.youtube.com/c/ChanakyaNiPothi
>> Join Chanakya MF’s Telegram Channel @
https://t.me/chanakyaMFGuidance
Quicklinks