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

INVEST VIA NRE/NRO

DSP Nifty Bank ETF - Growth for NRI [62.38]

Min Investment

₹5,000

Fund Size

₹719.49 Cr

Expense Ratio

0.1%

Exit Load

%

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

₹62.38

0.37%

NAV as on 17 Feb 26, 12:00 AM

very high risk

sectoral banking

equity

NAV as on 17 Feb 26, 12:00 AM

very high risk

sectoral banking

equity

24.95%p.a.

Last 1Y

14.91%p.a.

Last 3Y

0.00%p.a.

Last 5Y

12.71%p.a.

Since Inception

About DSP Nifty Bank ETF - Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the DSP Nifty Bank ETF - Growth scheme from DSP Investment Managers Private Limited. It is a Sectoral-Banking mutual fund scheme that predominantly invests in Sectoral-Banking stocks of companies. Launched on Jan 2023, DSP Nifty Bank ETF - Growth is Sectoral-Banking fund of its category with 719.49 Cr fund under management as on Feb 2026. The expense ratio of this fund is less than that of most other Fund category Sectoral-Banking funds.

  • DSP Nifty Bank ETF - Growth delivered 24.9% annual returns during the last year. It has delivered 12.7% average annual returns since the fund was launched.
  • DSP Nifty Bank ETF - 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 Scheme seeks to provide returns that, before expenses, correspond to the total return of the underlying index (Nifty Bank Index), subject to tracking errors.

Top 10 Holdings

Reverse Repo

0.06%

Net Payables

-0.02%

Axis Bank Ltd

10.05%

Bank Of Baroda

3.86%

Canara Bank

3.35%

The Federal Bank Ltd

5.01%

HDFC Bank Ltd

22.01%

ICICI Bank Ltd

18.17%

Indusind Bank Ltd

4.15%

Kotak Mahindra Bank Ltd

8.85%

Fund Managers

  1. Anil Ghelani (Dec 2022 - Present)
  2. Diipesh Shah (Dec 2022 - Present)

Key Information

View Scheme Document

DSP Nifty Bank ETF - 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 Nifty Bank ETF - 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 Nifty Bank ETF - 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 Nifty Bank ETF - 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

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