Fundalysisby DARKHORSESTOCKS

Scheme

DSP Nifty Bank Index Fund

Holds 14 companies worth ₹61.4 Cr in Sept 2026.

  • Fund house

    DSPThe fund house that runs this scheme.

  • AUM

    ₹61.4 CrDSP Nifty Bank Index Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 6.0% on Aug 2026, ₹65.3 Cr.

  • Largest holding

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

  • Fund manager

    Anil GhelaniRuns it since 31 May 2024, 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 · May 2024 · 26y · CA CFA B.Com
  2. Diipesh ShahCo-manager · May 2024 · 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 0.99% · Direct 0.27%
    Exit load
    Nil
    Started
    31 May 2024
    Minimum
    ₹100

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

    What changed(36 changes)

    Aug 2026

    1 change
    1. Expense ratio
      12 AugRegular 1% → 0.99%Direct 0.28% → 0.27%

    Jul 2026

    1 change
    1. Expense ratio
      1 JulRegular 0.92% → 1%Direct 0.2% → 0.28%

    Jun 2026

    6 changes

    Source.Its filings at NSE, since Aug 2024.

    Fund managers over time(May 2024 – now)

    1. Anil Ghelani
    2. Diipesh Shah
    3. Neha Rathi
    MainCoSlice20252026
    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.
    36 changesRegularDirectΔ pt
    12 Aug 20260.99%0.27%0.01
    1 Jul 20261.00%0.28%0.08
    18 Jun 20260.92%0.20%0.13
    17 Jun 20261.06%0.33%0.05
    16 Jun 20261.01%0.28%0.08
    10 Jun 20260.92%0.20%0.05
    4 Jun 20260.97%0.25%0.02
    1 Jun 20260.96%0.23%0.04
    28 May 20260.99%0.27%0.07
    25 May 20260.92%0.20%0.27
    24 May 20261.20%0.47%0.20
    20 May 20260.99%0.27%0.07
    7 May 20260.92%0.20%0.07
    6 May 20260.99%0.27%0.05
    5 May 20261.04%0.32%0.10
    3 May 20261.14%0.42%0.22
    29 Apr 20260.92%0.20%0.07
    28 Apr 20260.90%0.27%0.03
    27 Apr 20260.92%0.30%0.69
    26 Apr 20261.62%0.99%0.75
    23 Apr 20260.86%0.24%0.04
    19 Apr 20260.82%0.20%0.20
    15 Apr 20261.02%0.40%0.15
    14 Apr 20260.88%0.25%0.03
    13 Apr 20260.90%0.28%0.69
    9 Apr 20261.59%0.97%0.60
    6 Apr 20260.99%0.37%0.18
    5 Mar 20260.81%0.19%0.01
    28 Nov 20250.82%0.20%0
    15 Oct 20250.84%0.20%0
    29 Apr 20250.80%0.20%0
    27 Dec 20240.85%0.20%0.01
    2 Dec 20240.84%0.19%0
    6 Nov 20240.89%0.19%0.02
    13 Sept 20240.87%0.17%0.01
    21 Aug 20240.88%0.18%–
    Direct plan, 12 Aug 2026
    0.27%
    Regular plan 0.99% · 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 investment objective of the Scheme is to generate returns that are commensurate with the performance of the Nifty Bank Index, subject to tracking error. 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. A. Equity and Equity Related Securities of companies constituting Nifty Bank Index, the Underlying Index
      Allowed95–100%Holds100.0%
    2. B. Cash and Cash Equivalents
      Allowed0–5%Holds0.0%

    Holds in Sept 2026.100.0% equity

    How to invest(6 Oct 2026)

    Buying

    To start
    ₹100, then re. 1/-
    To add
    ₹100, then re. 1/-
    Systematic
    SIP Daily, Weekly, Monthly, Quarterly, Half-Yearly and Yearly SWP Weekly, Monthly, Quarterly, Half-Yearly and Yearly STP Daily, Weekly, Monthly, Quarterly, Half-Yearly and Yearly *Weekly Monday to Friday
    Dates
    Any date
    Minimum
    ₹100, then in multiples of ₹1
    Instalments
    SIP - 12, SWP & STP - 6

    Selling and switching

    To redeem
    ₹0.01 or 0.001 units
    Switch minimum
    ₹100 or 0.001 units
    Switch multiples
    ₹0.01 or 0.001 units

    Scheme details(6 Oct 2026)

    What it is

    Category
    Index Fund
    Offer
    15 May 2024 to 27 May 2024
    Started
    31 May 2024
    Reopened
    4 Jun 2024
    Plans
    Regular Plan & Direct Plan Growth Default Plan - Direct Plan Default Option - Growth Option
    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 (CAMS)
    SEBI code
    DSPM/O/O/EIN/24/04/0074