| Launch date | NA |
| Allotment date | 04 Jun 2024 |
| End date | NA |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: 0.18%
Inclusive of GST
Exit load
Nil
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.
Minimum investment amounts
| Min. for 1st investment | ₹100 |
| Min. for 2nd investment onwards | ₹100 |
| Min. for SIP | ₹100 |
Fund management
Anil GhelaniMay 2024 - PresentView details
Diipesh ShahMay 2024 - PresentView details
Fund house & investment objective
| Rank (total assets) | #10 in India |
|---|---|
| Total AUM | ₹1,67,044.23Cr |
| Date of Incorporation | 16 Dec 1996 |
|---|
DSP Nifty Bank Index 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. Anil Ghelani is the Current Fund Manager of DSP Nifty Bank Index Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹1,67,044 Cr and the Latest NAV as of 06 Sep 2024 is ₹10.34. The DSP Nifty Bank Index Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹100. ;
Investment Objective
The Scheme seeks to generate returns that are commensurate with the performance of the Nifty Bank Index, subject to tracking error. ;
| Fund benchmark | NIFTY Bank Total Return Index |
|---|