NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹11.99
-1.35%
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
16.55%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 16.6% 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
- Dhaval Gada (Dec 2023 - Present)
Key Information
View Scheme Document
DSP Banking & Financial Services Fund Growth SIP Calculator
If invested
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 Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% 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
Similar Funds
Funds
3Y Return
ICICI Prudential Banking and Financial Services Fund Growth
very high risk | equity
14.9%
SBI Banking & Financial Services Growth
very high risk | equity
18.4%
Nippon India Banking & Financial Services Fund Growth
very high risk | equity
19.3%
Frequently Asked Questions
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