Fundalysisby DARKHORSESTOCKS

Scheme

DSP Nifty Private Bank Index Fund

Holds 10 companies worth ₹106 Cr in Sept 2026.

  • Fund house

    DSPThe fund house that runs this scheme.

  • AUM

    ₹106 CrDSP Nifty Private Bank Index Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 3.8% on Aug 2026, ₹110 Cr.

  • Largest holding

    ICICI BankICICI Bank is 21.5% of this scheme's NAV.

  • Fund manager

    Anil GhelaniRuns it since 6 Mar 2025, 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 · Mar 2025 · 26y · CA CFA B.Com
  2. Diipesh ShahCo-manager · Mar 2025 · 22y · CA CFA B.Com
  3. Neha RathiCo-manager · May 2026 · 8y · CA B.Com

    Key facts

    Benchmark
    Nifty Private Bank TRI
    Risk
    Very High
    Expense
    Regular 1.19% · Direct 0.49%
    Exit load
    Nil
    Started
    6 Mar 2025
    Minimum
    ₹100

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

    What changed(54 changes)

    Oct 2026

    1 change
    1. Expense ratio
      1 OctRegular 1.22% → 1.19%Direct 0.52% → 0.49%

    Aug 2026

    2 changes

    Jul 2026

    3 changes

    Source.Its filings at NSE, since Mar 2025.

    Fund managers over time(Mar 2025 – now)

    1. Anil Ghelani
    2. Diipesh Shah
    3. Neha Rathi
    MainCoSlice2026
    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(Mar 2025 – Oct 2026)

    Every change to the expense ratio, newest first.
    54 changesRegularDirectΔ pt
    1 Oct 20261.19%0.49%0.03
    31 Aug 20261.22%0.52%0.05
    12 Aug 20261.27%0.57%0.03
    23 Jul 20261.24%0.54%0
    8 Jul 20261.23%0.54%0.01
    1 Jul 20261.23%0.53%0.87
    18 Jun 20262.11%1.40%1.14
    17 Jun 20260.96%0.26%0.18
    16 Jun 20261.14%0.44%0.02
    15 Jun 20261.16%0.46%0.15
    12 Jun 20261.01%0.31%0.42
    10 Jun 20261.43%0.73%0.41
    4 Jun 20261.03%0.32%0.03
    1 Jun 20261.05%0.35%0.09
    28 May 20260.96%0.26%0.05
    26 May 20261.01%0.31%0.16
    25 May 20261.17%0.47%0.21
    20 May 20260.96%0.26%0.30
    19 May 20261.26%0.56%0.29
    18 May 20261.56%0.85%0.95
    17 May 20262.50%1.80%1.54
    13 May 20260.96%0.26%0.09
    10 May 20261.05%0.35%2.89
    7 May 20263.94%3.24%2.98
    6 May 20260.96%0.26%0.19
    5 May 20261.15%0.45%1.70
    3 May 20262.85%2.15%1.78
    29 Apr 20261.07%0.37%0.06
    28 Apr 20261.02%0.31%0.03
    27 Apr 20261.04%0.34%0.06
    26 Apr 20261.11%0.40%1.73
    23 Apr 20262.84%2.13%1.77
    20 Apr 20261.06%0.36%0.10
    19 Apr 20260.96%0.26%0.45
    15 Apr 20261.41%0.71%0.20
    14 Apr 20261.21%0.51%0.13
    13 Apr 20261.08%0.38%2.09
    9 Apr 20263.17%2.47%1.95
    6 Apr 20261.21%0.52%0.28
    4 Mar 20260.94%0.24%0.01
    1 Feb 20260.97%0.25%0.02
    21 Jan 20260.97%0.27%0.01
    6 Jan 20260.96%0.26%0.01
    1 Jan 20260.97%0.27%0.02
    30 Dec 20250.95%0.25%0
    3 Dec 20250.93%0.25%0.01
    28 Nov 20250.92%0.24%0.01
    15 Oct 20250.95%0.25%0.03
    3 Oct 20250.92%0.22%0.04
    12 Sept 20250.96%0.26%0.01
    8 Sept 20250.95%0.25%0
    9 Jul 20251.00%0.25%0.01
    21 Apr 20251.01%0.26%0.01
    17 Mar 20251.00%0.25%–
    Direct plan, 1 Oct 2026
    0.49%
    Regular plan 1.19% · 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 Private 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 Private Bank Index
    Benchmark
    Nifty Private Bank TRI

    Asset allocation it may hold% of NAV

    1. A. Equity and Equity Related Securities of companies constituting Nifty Private 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 in multiples of ₹1
    To add
    ₹100, then in multiples of ₹1
    Systematic
    SIP Daily, Weekly, Monthly, Quarterly, Half-Yearly and Yearly SWP 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
    14 Feb 2025 to 28 Feb 2025
    Started
    6 Mar 2025
    Reopened
    10 Mar 2025
    Plans
    Regular Plan & Direct Plan - Growth · Income Distribution cum Capital Withdrawal (‘IDCW’) · Payout of Income Distribution cum Capital Withdrawal (‘IDCW’) Option · Reinvestment of Income Distribution cum Capital Withdrawal (‘IDCW’) Option. Default Option - Growth Option in case Growth Option or Income Distribution cum Capital Withdrawal (IDCW) Option is not indicated · Payout of IDCW in case Payout of IDCW Option or Reinvestment of IDCW Sub - Option is not indicated.
    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/24/12/0080