DSP Banking & Financial Services Fund NFO Review, Offer Details

Updated on 21 Nov, 2023

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DSP Mutual Fund is launching a new sector fund, DSP Banking and Financial Services Fund, that invests across the securities of banking and financial services.
The New Fund Offer (NFO) period for the DSP Banking and Financial Services Fund is from 20th Nov 2023, to 4th December 2023. The scheme re-opens for continuous repurchases and sale after 5 business days from the date of allotment.

Investment Objective: The investment objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in domestic and oversea equity and equity related securities of companies engaged in banking and financial services sector.

DSP Banking and Financial Services Fund NFO Details

Fund Name	DSP Banking and Financial Services Fund
NFO Opening Date	20th Nov 2023
NFO Closing Date	4th Dec 2023
Type of Fund	Equity: Sectoral-Banking
Fund Manager	Mr. Dhaval Gada(Equity portion), Mr. Jay Kothari (Dedicated Fund Manager for overseas investments)
Minimum Investment Amount	INR 100
Minimum Additional Purchase Amount	INR 100
Exit Load	Nill
Suitability	Very High Risk
Benchmark	Nifty Financial Services TRI
Plans and Options	Direct and Regular Plan, Growth and Income Distribution cum Capital Withdrawal (IDCW) Option

Who Can Invest in DSP Banking and Financial Services Fund NFO?

DSP Banking and Financial Services Fund is a sector-based fund that invests across the banking and financial services companies. Thus, the fund best suits investors looking to invest in the domestic and overseas BFS sector. The scheme uses a bottom-up approach and selects stocks with no cap on market capitalization and available at reasonable prices.

Since DSP Banking and Financial Service Fund is focused on the BFSI sector, it is a high-risk fund. Thus, investors who understand the associated risks and volatility of the sector can consider investing in the fund. Furthermore, it is ideal to have a long-term investment horizon of minimum 5 years or more, as it helps in long-term wealth creation.

Popular Funds by DSP Mutual Funds

Asset Allocation

Instruments	Minimum Allocation	Maximum Allocation	Risk Profile
Equity and Equity Related Securities of Companies Engaged in Banking and Financial Services Sector	80%	100%	Very High
Equity and Equity Related Securities of Companies Other Than Those Engaged in Banking & Financial Services	0%	20%	Very High
Debt and Money Market Instruments	0%	20%	Low to Moderate
Units issued by REITs and InvITs	0%	10%	Very High

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Frequently Asked Questions

What is DSP Banking and Financial Service Fund NFO Opening and Closing Dates?

The New Fund Offer (NFO) period for the DSP Banking and Financial Services Fund opening date is from 20th Nov 2023 and will get close on 4th December 2023. The scheme re-opens for continuous repurchases and sale after 5 business days from the date of allotment.

How Can I Invest in the DSP Banking and Financial Services Fund?

You can invest in the DSP Banking and Financial Services Fund through any of the following methods:
Offline: By filling out the DSP NFO application and submitting it along with all documents and cheques to the nearest Investor Service Centre of CAMS or DSP mutual fund office.
Online:
DSP Mutual Fund Website
Through Demat account
Through a mutual fund distributor or agent

Is DSP Banking and Financial Services Fund Highly Risky?

Yes, DSP Banking and Financial Service Fund is a high-risk investment based on the risko-meter. The fund is a pure equity sector mutual fund that invests across companies belonging to banking and financial services sector.

Is there a lock-in period for DSP Banking and Financial Services Fund?

No, DSP Banking and Financial Services Fund has no lock-in period.