NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

DSP Banking & Financial Services Fund Growth for NRI [11.99]

Min Investment

100

Fund Size

1,035.03 Cr

Expense Ratio

2.2%

Exit Load

0.5%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

11.99

0.03%

NAV as on 18 Dec 24, 12:00 AM

very high risk

sector financial services

equity

NAV as on 18 Dec 24, 12:00 AM

very high risk

sector financial services

equity

16.98%p.a.

Last 1Y

0.00%p.a.

Last 3Y

0.00%p.a.

Last 5Y

18.67%p.a.

Since Inception

About DSP Banking & Financial Services Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the DSP Banking & Financial Services Fund Growth scheme from DSP Asset Managers Private Limited. It is a Sector - Financial Services mutual fund scheme that predominantly invests in Sector - Financial Services stocks of companies. Launched on Dec 2023, DSP Banking & Financial Services Fund Growth is Sector - Financial Services fund of its category with 1,035.03 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Sector - Financial Services funds.

  • DSP Banking & Financial Services Fund Growth delivered 17.0% annual returns during the last year. It has delivered 18.7% average annual returns since the fund was launched.
  • DSP Banking & Financial Services Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in equity

Fund Objective

The primary investment objective of the scheme is 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.

Top 10 Holdings

HDFC Bank Ltd

15.62%

ICICI Bank Ltd

14.13%

State Bank of India

7.66%

Bajaj Finserv Ltd

6.89%

Cholamandalam Investment and Finance Co Ltd

5.36%

Power Finance Corp Ltd

4.74%

Bajaj Finance Ltd

4.45%

Bajaj Housing Finance Ltd

3.45%

Nippon Life India Asset Management Ltd Ordinary Shares

3.01%

Axis Bank Ltd

2.20%

Fund Managers

  1. Dhaval Gada (Dec 2023 - Present)

Key Information

View Scheme Document

DSP Banking & Financial Services Fund Growth SIP Calculator

If invested

5,000

per month

For a period of

Investment of 0 could have been

0(+0.0%)

0 (+0.0%)

This Fund

0 (+0.0%)

Fixed Deposit

NRI Mutual Fund Tax on DSP Banking & Financial Services Fund Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in DSP Banking & Financial Services Fund Growth?

NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:

  • Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
  • PAN Number
  • Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
  • Passport – front and back
  • Passport size photograph
  • signature

If all details are correct, your KYC will be approved within 7 to 8 business days.

  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in DSP Banking & Financial Services Fund Growth
  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
  • City and country of birth
  • NRE/NRO bank account statement/ canceled cheque for the latest 3 months
  • Nominee details

Frequently Asked Questions