Fundalysisby DARKHORSESTOCKS

Scheme

DSP Nifty Bank ETF

Holds 14 companies worth ₹420 Cr in Sept 2026.

  • Fund house

    DSPThe fund house that runs this scheme.

  • AUM

    ₹421 CrDSP Nifty Bank ETF's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 5.6% on Aug 2026, ₹445 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 18.6% of this scheme's NAV.

  • Fund manager

    Anil GhelaniRuns it since 3 Jan 2023, as the fund house dates it. With Diipesh Shah (co-manager), Neha Rathi (co-manager).

Overview(6 Oct 2026)

Fund managers3

  1. Anil GhelaniFund manager · Jan 2023 · 26y · CA CFA B.Com
  2. Diipesh ShahCo-manager · Jan 2023 · 22y · CA CFA B.Com
  3. Neha RathiCo-manager · May 2026 · 8y · CA B.Com

    Key facts

    Benchmark
    Nifty Bank TRI
    Risk
    Very High
    Expense
    Regular 0% · Direct 0.17%
    Exit load
    Nil
    Started
    3 Jan 2023
    Minimum
    ₹5,000

    Source.Its Scheme Summary Document as of 6 Oct 2026 at AMFI.

    What changed(18 changes)

    Oct 2026

    1 change
    1. Expense ratio
      1 OctDirect 0.16% → 0.17%

    Aug 2026

    2 changes

    Jul 2026

    1 change
    1. Expense ratio
      1 JulDirect 0.15% → 0.38%

    Source.Its filings at NSE, since Aug 2024.

    Fund managers over time(Jan 2023 – now)

    1. Anil Ghelani
    2. Diipesh Shah
    3. Neha Rathi
    MainCoSlice202420252026
    Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

    Costs(Aug 2024 – Oct 2026)

    Every change to the expense ratio, newest first.
    18 changesRegularDirectΔ pt
    1 Oct 20260.00%0.17%0.01
    31 Aug 20260.00%0.16%0.16
    12 Aug 20260.00%0.32%0.06
    1 Jul 20260.00%0.38%0.23
    15 Jun 20260.00%0.15%0.09
    12 Jun 20260.00%0.24%0.06
    10 Jun 20260.00%0.18%0.03
    4 Jun 20260.00%0.15%0.02
    1 Jun 20260.00%0.17%16.06
    28 May 20260.00%16.23%16.08
    17 May 20260.00%0.15%0.01
    13 May 20260.00%0.16%0.22
    10 May 20260.00%0.38%0.23
    14 Apr 20260.00%0.15%0.01
    9 Apr 20260.00%0.16%0.10
    6 Apr 20260.00%0.26%0.11
    17 Mar 20250.00%0.15%0.01
    21 Aug 20240.00%0.16%–
    Direct plan, 1 Oct 2026
    0.17%
    Regular plan 0.00% · Exit load nil
    Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

    Objective and risk(6 Oct 2026)

    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. There is no assurance that the investment objective of the Scheme will be achieved

    Risk, type and benchmark

    Riskometer
    Very High
    At launch
    Very High
    Type
    An open ended scheme replicating/ tracking Nifty Bank Index
    Benchmark
    Nifty Bank TRI

    Asset allocation it may hold% of NAV

    1. 1. Equity and Equity Related Securities of companies constituting Nifty Bank Index, the Underlying Index
      Allowed95–100%Holds100.0%
    2. 2. Cash and Cash Equivalents
      Allowed0–5%Holds0.0%

    Holds in Sept 2026.100.0% equity

    How to invest(6 Oct 2026)

    Buying

    To start
    ₹5,000, then re. 1
    To add
    ₹5,000, then re. 1

    Selling and switching

    To redeem
    ₹0.01 or 0.001 units

    Scheme details(6 Oct 2026)

    What it is

    Category
    ETF
    Offer
    26 Dec 2022 to 28 Dec 2022
    Started
    3 Jan 2023
    Reopened
    6 Jan 2023
    Plans
    Presently the Scheme does not offer any Plans/Options under the Scheme. The AMC/Trustee reserves the right to introduce Plan(s)/Option(s) as may be deemed appropriate at a later date.
    Face value
    ₹10
    Listed
    No

    How it is run

    Swing pricing
    No
    Side-pocketing
    No
    Custodian
    HSBC
    Auditor
    S.R. Batliboi & Co LLP
    Registrar
    Computer Age Management Services Limited
    SEBI code
    DSPM/O/O/EET/22/12/0055