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.
Exit Load0.50%
Stamp duty on investment0.005% (from July 1st, 2020)
Tax implicationsIf you redeem within one year, your returns will be taxed at 20%. For redemptions after one year, returns exceeding ₹1.25 lakh in a financial year will be taxed at 12.5%.
Vinit Sambre
Mr. Sambre is a B.Com and FCA.
Prior to joining DSP he was associated with DSP Merrill Lynch Ltd.(Nov 2005 to Jun 2007), IL & FS Investsmart Ltd. (Dec 2002 to Oct 2005), Unit Trust of India Investment Advisory Services Ltd.(Jun 2000 to Dec 2002), Kisan Ratilal Choksey Shares and Securities Pvt. Ltd. (March 1999 to May 2000) and Credit Rating Information Service of India Ltd.(Apr 1998 to Feb 1999).
Common questions about this fund, answered from scheme data
The latest Net Asset Value (NAV) of DSP Banking & Financial Services Fund is ₹13.99 as of 2026-10-12.
DSP Banking & Financial Services Fund is classified as a Sectoral-Banking & Financial Services fund.
DSP Banking & Financial Services Fund is managed by DSP Mutual Fund.
The Assets Under Management (AUM) of DSP Banking & Financial Services Fund is ₹2,034.26 Cr.
The expense ratio of DSP Banking & Financial Services Fund is 2.17%.
DSP Banking & Financial Services Fund is managed by Vinit Sambre.
The minimum SIP investment for DSP Banking & Financial Services Fund is ₹100.
The exit load for DSP Banking & Financial Services Fund is 0.5%.
As per the SEBI Riskometer, DSP Banking & Financial Services Fund carries a Very High risk level.
DSP Banking & Financial Services Fund has delivered 3.94% (1Y), 0% (3Y) and 0% (5Y) annualised returns as of 2026-10-12.
DSP Banking & Financial Services Fund was launched on 1996-12-16.
Open an account with Indiabulls Securities, complete your KYC, and invest via SIP or a one-time lumpsum through our platform.
A Systematic Investment Plan (SIP) lets you invest a fixed amount at regular intervals (e.g., monthly) instead of a single lumpsum.
There is no separate brokerage on mutual fund units. The AMC charges an expense ratio, which is already reflected in the NAV. An exit load may apply if you redeem before the specified period.
Mutual fund NAVs are declared once per business day after market close, in line with SEBI norms.
The FAQs above are generated from data provided by the AMC and are for educational purposes only. They do not constitute financial advice, buy/sell recommendations, or return guarantees. Mutual fund investments are subject to market risks — read all scheme-related documents carefully before investing. Past performance is not indicative of future returns.
