DSP Nifty Bank Index Fund Direct - Growth - NFO | New Fund Listing | NFO MF | New NFO

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
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Expense ratio, exit load and taxExpense ratio: 0.18%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns 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
Minimum investment amountsMin. for 1st investment₹100
Min. for 2nd investment onwards₹100
Min. for SIP₹100
Fund managementAnil Ghelani
May 2024 - Present
View details
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.
Also manages these schemes
DSP Nifty 50 Equal Weight Index Fund Regular Growth
DSP Nifty 50 Equal Weight Index Fund Regular IDCW
DSP Nifty 50 Equal Weight Index Fund Direct Growth
DSP Nifty 50 Equal Weight Index Fund Direct IDCW
DSP NIFTY 1D Rate Liquid ETF IDCW Daily
DSP Nifty 50 Index Fund Direct Growth
DSP Nifty 50 Index Fund Direct IDCW
DSP Nifty 50 Index Fund Regular IDCW
DSP Nifty 50 Index Fund Regular Growth
DSP Nifty Next 50 Index Fund Regular Growth
DSP Nifty Next 50 Index Fund Direct Growth
DSP Nifty Next 50 Index Fund Direct IDCW
DSP Nifty Next 50 Index Fund Regular IDCW
DSP Quant Fund Regular Growth
DSP Quant Fund Direct IDCW
DSP Quant Fund Regular IDCW
DSP Quant Fund Direct Growth
DSP NIFTY 50 Equal Weight ETF Growth
DSP Nifty 50 ETF Growth
DSP Nifty Midcap 150 Quality 50 ETF Growth
DSP Nifty Midcap 150 Quality 50 Index Fund Regular Growth
DSP Nifty Midcap 150 Quality 50 Index Fund Direct Growth
DSP Nifty Midcap 150 Quality 50 Index Fund Direct IDCW
DSP Nifty Midcap 150 Quality 50 Index Fund Regular IDCW
DSP Nifty Bank ETF Regular Growth
DSP Nifty IT ETF Growth
DSP BSE Sensex ETF Growth
DSP Nifty Private Bank ETF Growth
DSP Nifty PSU Bank ETF Growth
DSP Gold ETF FoF Regular Growth
DSP Gold ETF FoF Direct Growth
DSP Nifty Bank Index Fund Regular Growth
DSP Nifty Bank Index Fund Direct Growth
Diipesh Shah
May 2024 - Present
View details
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.
Also manages these schemes
DSP Nifty 50 Equal Weight Index Fund Regular Growth
DSP Nifty 50 Equal Weight Index Fund Regular IDCW
DSP Nifty 50 Equal Weight Index Fund Direct Growth
DSP Nifty 50 Equal Weight Index Fund Direct IDCW
DSP NIFTY 1D Rate Liquid ETF IDCW Daily
DSP Nifty 50 Index Fund Direct Growth
DSP Nifty 50 Index Fund Direct IDCW
DSP Nifty 50 Index Fund Regular IDCW
DSP Nifty 50 Index Fund Regular Growth
DSP Nifty Next 50 Index Fund Regular Growth
DSP Nifty Next 50 Index Fund Direct Growth
DSP Nifty Next 50 Index Fund Direct IDCW
DSP Nifty Next 50 Index Fund Regular IDCW
DSP Quant Fund Regular Growth
DSP Quant Fund Direct IDCW
DSP Quant Fund Regular IDCW
DSP Quant Fund Direct Growth
DSP NIFTY 50 Equal Weight ETF Growth
DSP Nifty 50 ETF Growth
DSP Nifty Midcap 150 Quality 50 ETF Growth
DSP Nifty Midcap 150 Quality 50 Index Fund Regular Growth
DSP Nifty Midcap 150 Quality 50 Index Fund Direct Growth
DSP Nifty Midcap 150 Quality 50 Index Fund Direct IDCW
DSP Nifty Midcap 150 Quality 50 Index Fund Regular IDCW
DSP Nifty Bank ETF Regular Growth
DSP Nifty IT ETF Growth
DSP BSE Sensex ETF Growth
DSP Nifty Private Bank ETF Growth
DSP Nifty PSU Bank ETF Growth
DSP Gold ETF FoF Regular Growth
DSP Gold ETF FoF Direct Growth
DSP Nifty Bank Index Fund Regular Growth
DSP Nifty Bank Index Fund Direct Growth
Fund house & investment objective
DSP Mutual Fund
Rank (total assets)#10 in India
Total AUM₹1,67,044.23Cr
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 ₹1,67,044 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. Minimum Lumpsum Investment is ₹100.
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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

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

Rank (total assets)	#10 in India
Total AUM	₹1,67,044.23Cr

DSP Nifty Bank Index Fund Direct - Growth - NFO

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Expense ratio, exit load and tax

Expense ratio: 0.18%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Anil GhelaniMay 2024 - PresentView details

Diipesh ShahMay 2024 - PresentView details

Fund house & investment objective

Fund house contact details

Anil Ghelani
May 2024 - Present
View details

Diipesh Shah
May 2024 - Present
View details