DSP Nifty Bank Index Fund Direct - Growth - NFO

Equity
Sectoral-Banking
Very High Risk
Launch date15 May 2024
Allotment date04 Jun 2024
End date27 May 2024
NAV₹10.00

Expense ratio, exit load and tax

Expense ratio: NA

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

Understand terms

Minimum investment amounts

Min. for 1st investmentNot Supported
Min. for 2nd investment onwardsNot Supported
Min. for SIPNot Supported

Fund house & investment objective

Rank (total assets)#10 in India
Total AUM₹1,50,927.57Cr
Date of Incorporation16 Dec 1996

DSP Nifty Bank Index Fund Direct - Growth - NFO is a Equity Mutual Fund Scheme launched by DSP Mutual Fund. This scheme was made available to investors on 16 Dec 1996. The fund currently has an Asset Under Management(AUM) of ₹1,50,928 Cr and the Latest NAV as of 04 Jun 2024 is ₹10.00. The DSP Nifty Bank Index Fund Direct - Growth - NFO is rated Very High risk. Minimum SIP Investment is set to ₹100. ;

Fund benchmarkNIFTY Bank Total Return Index

Fund house contact details

Address
NATRAJ, Office No. 302-3rd Floor-Plot No. 194, MV Road JunctionWestern Express Highway, Andheri East Mumbai 400069
Phone
1800-208-4499 / 1800-200-4499
Launch Date
16 Dec 1996
E-mail
NA
Website
NA
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