DSP Nifty Private Bank ETF - Growth
Unrated
NAV as of Sep 29, 2023
23.150.73%
- Growth - Regular
(Earn upto 0.00% Extra Returns with Direct Plan)
Fund Category:
Equity: Sectoral-Banking
Expense Ratio:
0.15%(1.17% Category
average)Fund Size:
Rs. 12.21 Cr(0.03% of Investment in Category)
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DSP Nifty Private Bank ETF - Growth
Unrated
NAV as of Sep 29, 2023
23.150.73%
Expense Ratio:
0.15%
Fund Size:
Rs. 12.21 Cr
Fund Category:
Equity: Sectoral-Banking
DSP Nifty Private Bank ETF - Growth Fund Key Highlights
1. Current NAV: The Current Net Asset Value of the DSP Nifty Private Bank ETF as of Sep 29, 2023 is Rs 23.15 for Growth option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: -1.0% (since launch). Whereas, Category returns for the same time duration are: 22.08% (1yr), 29.85% (3yr) and 13.2% (5yr).
3. Fund Size: The DSP Nifty Private Bank ETF currently holds Assets under Management worth of Rs 12.21 crore as on Aug 31, 2023.
4. Expense ratio: The expense ratio of the fund is 0.15% for Regular plan as on Aug 31, 2023.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 0. Minimum SIP investment is Rs 0.
1. Current NAV: The Current Net Asset Value of the DSP Nifty Private Bank ETF as of Sep 29, 2023 is Rs 23.15 for Growth option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: -1.0% (since launch). Whereas, Category returns for the same time duration are: 22.08% (1yr), 29.85% (3yr) and 13.2% (5yr).
3. Fund Size: The DSP Nifty Private Bank ETF currently holds Assets under Management worth of Rs 12.21 crore as on Aug 31, 2023.
4. Expense ratio: The expense ratio of the fund is 0.15% for Regular plan as on Aug 31, 2023.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 0. Minimum SIP investment is Rs 0.
DSP Nifty Private Bank ETF - Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.80 - - - - - Category Avg 3.40 4.18 17.39 22.08 29.85 13.20 Rank within Category 40 - - - - - No. of funds within Category 43 38 37 32 23 16 - Loading...
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Return Comparison
- This Fund
- BenchmarkNifty Private Bank TRI
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- S&P BSE Sensex
- Nifty 50
- 1M
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- 1Y
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DSP Nifty Private Bank ETF - Growth Fund Details
Investment Objective - The scheme seeks to provide returns that, before expenses, correspond to the total return of the underlying index (Nifty Private Bank TRI), subject to tracking errors.
| Fund House | DSP Mutual Fund |
| Launch Date | Jul 27, 2023 |
| Benchmark | Nifty Private Bank TRI |
| Return Since Launch | -1.0% |
| Riskometer | Very High |
| Type | Open-ended |
| Risk Grade | - |
| Return Grade | - |
DSP Nifty Private Bank ETF - Growth Investment Details
| Minimum Investment (Rs.) | 5,000.00 |
| Minimum Additional Investment (Rs.) | - |
| Minimum SIP Investment (Rs.) | - |
| Minimum Withdrawal (Rs.) | - |
| Exit Load | 0% |
Portfolio Allocation
Asset Allocation
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Asset Allocation History
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EquityDebtCash
Sector Allocation
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Market Cap Allocation
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Concentration & Valuation Analysis
| AUG 2023 | JUL 2023 | |
|---|---|---|
| Number of Holdings | 10 | 10 |
| Top 5 Company Holdings | 80.56% | 81.67% |
| Top 10 Company Holdings | 99.68% | 99.61% |
| Company with Highest Exposure | ICICI Bank (25.38%) | ICICI Bank (25.86%) |
| Number of Sectors | 1 | 1 |
| Top 3 Sector Holdings | 99.68% | 99.61% |
| Top 5 Sector Holdings | 99.68% | 99.61% |
| Sector with Highest Exposure | Financial (99.68%) | Financial (99.61%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) ICICI Bank Financial 25.38 17.86 53.29 10.43 HDFC Bank Financial 24.43 23.58 64.73 7.38 Axis Bank Financial 10.49 25.48 40.68 41.39 Indusind Bank Financial 10.47 13.97 102.28 20.56 Kotak Mahindra Bank Financial 9.79 42.27 41.06 -4.59 The Federal Bank Financial 6.28 10.14 14.52 23.96 IDFC First Bank Financial 5.4 23.17 4.12 91.57 Bandhan Bank Financial 3.16 - - - RBL Bank Financial 2.63 14.71 17.18 122.20 City Union Bank Financial 1.65 9.98 12.69 -27.23
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y DSP Nifty Private Bank ETF - Growth 23.15 Unrated 12.21 0.80 - - - Sundaram Financial Services Opportunities Fund Regular-Growth 78.24 831.03 3.71 29.51 29.79 17.05 SBI Banking & Financial Services Fund Regular-Growth 28.59 4,203.60 2.58 14.11 22.73 13.53 Nippon India Banking & Financial Services Fund-Growth 464.96 4,487.07 2.61 23.95 33.79 13.85 ICICI Prudential Banking and Financial Services-Growth 99.74 6,740.31 1.87 17.90 26.36 12.88
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
Fund Manager
- A.G.Anil GhelaniSince Jul 202312 schemes
- D.S.Diipesh ShahSince Jul 202312 schemes
Mr. Ghelani has done B. Com., CFA & CA Prior to joining DSP Mutual Fund he has worked with IL&FS, S. R. Batliboi, V. C. Shah & Co.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y DSP Nifty 50 Equal Weight Index Fund Regular - Growth Large Cap 18.85 671.27 19.53 DSP Nifty 50 Index Fund Regular - Growth Large Cap 18.68 379.81 15.59 DSP Nifty Next 50 Index Fund Regular - Growth Large Cap 17.39 290.88 6.40 DSP S&P BSE Sensex ETF - Growth Large Cap 65.92 Unrated 6.06 - DSP Nifty PSU Bank ETF - Growth Sectoral-Banking 52.48 Unrated 11.03 - DSP Nifty IT ETF - Growth Sectoral-Technology 31.80 Unrated 26.88 - DSP Nifty Bank ETF Regular - Growth Sectoral-Banking 44.91 Unrated 90.44 - DSP Nifty Midcap 150 Quality 50 Index Fund Regular - Growth Thematic 11.27 Unrated 182.28 12.90 DSP Nifty Midcap 150 Quality 50 ETF - Growth Thematic 191.15 Unrated 76.45 13.65 DSP Nifty 50 ETF - Growth Large Cap 200.31 Unrated 11.62 15.99 DSP NIFTY 50 Equal Weight ETF - Growth Large Cap 240.46 Unrated 71.34 20.28 DSP Quant Fund Regular - Growth Thematic 17.35 Unrated 1,247.94 9.19 Mr. Shah is a B Com, ACA, Candidate of the CFA Program, CFA Institute USA, Level I Cleared Prior to joining DSP Mutual Fund, he has worked with JM Financial, Centrum Broking, IDFC Securities, ICICI Securities and IIFL Capital Pte Ltd Singapore.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y DSP Nifty 50 Equal Weight Index Fund Regular - Growth Large Cap 18.85 671.27 19.53 DSP Nifty 50 Index Fund Regular - Growth Large Cap 18.68 379.81 15.59 DSP Nifty Next 50 Index Fund Regular - Growth Large Cap 17.39 290.88 6.40 DSP S&P BSE Sensex ETF - Growth Large Cap 65.92 Unrated 6.06 - DSP Nifty PSU Bank ETF - Growth Sectoral-Banking 52.48 Unrated 11.03 - DSP Nifty IT ETF - Growth Sectoral-Technology 31.80 Unrated 26.88 - DSP Nifty Bank ETF Regular - Growth Sectoral-Banking 44.91 Unrated 90.44 - DSP Nifty Midcap 150 Quality 50 Index Fund Regular - Growth Thematic 11.27 Unrated 182.28 12.90 DSP Nifty Midcap 150 Quality 50 ETF - Growth Thematic 191.15 Unrated 76.45 13.65 DSP Nifty 50 ETF - Growth Large Cap 200.31 Unrated 11.62 15.99 DSP NIFTY 50 Equal Weight ETF - Growth Large Cap 240.46 Unrated 71.34 20.28 DSP Quant Fund Regular - Growth Thematic 17.35 Unrated 1,247.94 9.19
More DSP Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| DSP Midcap Regular Plan-Growth | 14,594.87 | 4.59 | 17.21 | 24.48 | 18.38 | 20.48 | |
| DSP Liquidity Regular Plan-Growth | 14,172.41 | 0.56 | 1.69 | 3.51 | 6.67 | 4.57 | |
| DSP Tax Saver Fund-Growth | 11,804.88 | 1.40 | 11.22 | 17.43 | 17.25 | 24.72 | |
| DSP Small Cap Regular Fund-Growth | 11,651.12 | 3.47 | 18.82 | 31.11 | 28.85 | 35.85 | |
| DSP Flexi Cap Fund-Growth | 8,827.32 | 2.79 | 11.78 | 19.21 | 17.91 | 22.36 | |
| DSP Equity Opportunities Fund-Growth | 8,690.55 | 1.98 | 12.53 | 18.78 | 18.62 | 23.37 | |
| DSP Equity & Bond Fund-Growth | 8,014.14 | 2.19 | 9.03 | 15.26 | 14.88 | 17.58 | |
| DSP Savings Fund-Growth | 5,445.25 | 0.51 | 1.67 | 3.79 | 6.83 | 4.54 | |
| DSP Low Duration Fund Regular-Growth | 3,525.07 | 0.51 | 1.62 | 3.79 | 6.57 | 4.67 | |
| DSP Dynamic Asset Allocation Fund Regular-Growth | 3,459.39 | 0.78 | 4.79 | 9.44 | 8.26 | 9.22 |
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About DSP Nifty Private Bank ETF - Growth
1. DSP Nifty Private Bank ETF is Open-ended Sectoral-Banking Equity scheme which belongs to DSP Mutual Fund House.
2. The fund was launched on Jul 27, 2023.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide returns that, before expenses, correspond to the total return of the underlying index (Nifty Private Bank TRI), subject to tracking errors. "
2. It is benchmarked against Nifty Private Bank TRI.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.68% in equities, 0.0% in debts and 0.32% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 99.68% of the assets, the top 3 sectors constitute around 99.68% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on DSP Nifty Private Bank ETF - Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
1. DSP Nifty Private Bank ETF is Open-ended Sectoral-Banking Equity scheme which belongs to DSP Mutual Fund House.
2. The fund was launched on Jul 27, 2023.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide returns that, before expenses, correspond to the total return of the underlying index (Nifty Private Bank TRI), subject to tracking errors. "
2. It is benchmarked against Nifty Private Bank TRI.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.68% in equities, 0.0% in debts and 0.32% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 99.68% of the assets, the top 3 sectors constitute around 99.68% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on DSP Nifty Private Bank ETF - Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
FAQs about DSP Nifty Private Bank ETF - Growth
- Is it safe to invest in DSP Nifty Private Bank ETF?As per SEBI’s latest guidelines to calculate risk grades, investment in the DSP Nifty Private Bank ETF comes under Very High risk category.
- What is the category of DSP Nifty Private Bank ETF?DSP Nifty Private Bank ETF belongs to the Equity : Sectoral-Banking category of funds.
- How Long should I Invest in DSP Nifty Private Bank ETF?The suggested investment horizon of investing into DSP Nifty Private Bank ETF is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the DSP Nifty Private Bank ETF?The DSP Nifty Private Bank ETF is managed by Anil Ghelani (Since Jul 17, 2023) and Diipesh Shah (Since Jul 17, 2023).
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