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Blog

DSP Banking & Financial Services Fund Direct Growth

Equity
Sectoral
Very High Risk
Launch date20 Nov 2023
Allotment date08 Dec 2023
End date04 Dec 2023
NAV₹10.00

Expense ratio, exit load and tax

Expense ratio: 0.71%

Inclusive of GST

Exit load

Exit load of 0.50%, if redeemed within 1 month.

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹100
Min. for 2nd investment onwards₹100
Min. for SIP₹100

Fund management

Preethi R S
Oct 2025 - Present
View details

Education
Ms. R S is B.E and MBA (Finance).
Experience
Prior to joining DSP Mutual Fund, she has worked with PwC India, UTI Mutual Fund.
Also manages these schemes
DSP Banking & Financial Services Fund Direct Growth
DSP Dynamic Asset Allocation Fund Direct Growth

Fund house & investment objective

Rank (total assets)#10 in India
Total AUM₹2,06,635.19Cr
Date of Incorporation16 Dec 1996

DSP Banking & Financial Services Fund Direct Growth is a Equity Mutual Fund Scheme launched by DSP Mutual Fund. This scheme was made available to investors on 16 Dec 1996. Dhaval Gada is the Current Fund Manager of DSP Banking & Financial Services Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹2,06,635 Cr and the Latest NAV as of 28 Apr 2026 is ₹14.54. The DSP Banking & Financial Services Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹100. Exit load of 0.50%, if redeemed within 1 month. ;

Investment Objective

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 benchmarkNIFTY Financial Services Total Return Index
Scheme Information Document(SID)

Fund house contact details

Address
The Ruby, 25th Floor29, Senapati Bapat Marg,Dadar (West), Mumbai Mumbai 400028
Phone
+91 22 6657 8000
Launch Date
16 Dec 1996
E-mail
--
Website
https://www.dspim.com/
Home>NFOs>DSP Mutual Fund>DSP Banking & Financial Services Fund Direct Growth
Vaishnavi Tech Park, South Tower, 3rd FloorSarjapur Main Road, Bellandur, Bengaluru – 560103Karnataka
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