| Launch date | 20 Nov 2023 |
| Allotment date | 08 Dec 2023 |
| End date | 04 Dec 2023 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: 0.61%
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
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Minimum investment amounts
| Min. for 1st investment | ₹100 |
| Min. for 2nd investment onwards | ₹100 |
| Min. for SIP | ₹100 |
Fund management
Preethi R SOct 2025 - PresentView details
Fund house & investment objective
| Rank (total assets) | #10 in India |
|---|---|
| Total AUM | ₹2,27,463.70Cr |
| Date of Incorporation | 16 Dec 1996 |
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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 ₹2,27,464 Cr and the Latest NAV as of 17 Dec 2025 is ₹14.28. 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 benchmark | NIFTY Financial Services Total Return Index |
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