Aditya Birla Sun Life Banking and Financial Services Fund vs DSP Banking & Financial Services Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Banking and Financial Services Fund is a Thematic fund and DSP Banking & Financial Services Fund is a Sectoral fund. In the year to 30-10-2026, Aditya Birla Sun Life Banking and Financial Services Fund (Direct) returned −7.4% and DSP Banking & Financial Services Fund (Direct) returned −0.6%. Aditya Birla Sun Life Banking and Financial Services Fund charges 1.14% a year and DSP Banking & Financial Services Fund 0.80% (Direct plans). Their portfolios overlap 56.1%: they hold 19 of the same securities.
Aditya Birla Sun Life Banking and Financial Services Fund
Thematic
- 1 year return
- −7.4%
- Expense ratio
- 1.14%
- NAV
- ₹65.69
DSP Banking & Financial Services Fund
Sectoral
- 1 year return
- −0.6%
- Expense ratio
- 0.80%
- NAV
- ₹14.18
Which is better, Aditya Birla Sun Life Banking and Financial Services or DSP Banking & Financial Services? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- DSP Banking & Financial Services returned more over 1 year: −0.6% against −7.4%.
- DSP Banking & Financial Services costs less: 0.80% a year against 1.14% (Direct plans).
- DSP Banking & Financial Services fell less in its worst fall since 11-12-2023: −14.7% against −16.4%.
- Aditya Birla Sun Life Banking and Financial Services holds more in large companies: 64.3% of the fund in large caps against 52.9%.
- Aditya Birla Sun Life Banking and Financial Services is the larger fund: ₹3,406 Cr against ₹2,034 Cr.
- Their portfolios overlap 56.1%: 19 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Aditya Birla Sun Life Banking and Financial Services Fund | DSP Banking & Financial Services Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | DSP Mutual Fund |
| Category | Thematic | Sectoral |
| AUM | ₹3,406 Cr (30-09-2026) | ₹2,034 Cr (30-09-2026) |
| NAV | ₹65.69 (Direct) | ₹14.18 (Direct) |
| Expense ratio (Direct) | 1.14% | 0.80% |
| Expense ratio (Regular) | 2.02% | 2.18% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Financial Services TRI | Nifty Financial Services TRI |
| Launch date | 14-12-2013 | 08-12-2023 |
| Minimum investment | ₹1,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Dhaval Gala | Preethi R S |
| Exit load | Exit load of 1% if redeemed within 30 days. | Exit load of 0.50%, if redeemed within 1 month. |
Aditya Birla Sun Life Banking and Financial Services vs DSP Banking & Financial Services: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Banking and Financial Services Fund (Direct) | −2.51% | −7.50% | −4.77% | −7.36% | +8.97% | +8.60% | +11.20% |
| DSP Banking & Financial Services Fund (Direct) | −2.96% | −7.27% | −2.24% | −0.55% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | +13.76% |
| Sectoral average | −1.70% | −4.49% | +2.30% | −0.58% | -- | -- | -- |
Category average: the average of the 235 Thematic funds and the 20 Sectoral funds, same plan type.
Aditya Birla Sun Life Banking and Financial Services vs DSP Banking & Financial Services: Year-wise Returns
| Year | Aditya Birla Sun Life Banking andAditya Birla Sun Life Banking and Financial Services | DSP Banking &DSP Banking & Financial Services | Nifty Financial Services TRI |
|---|---|---|---|
| 2026to date | −9.48% | −3.33% | −9.69% |
| 2025 | +18.58% | +23.59% | +18.60% |
| 2024 | +9.76% | +17.42% | +10.52% |
| 2023 | +22.93% | -- | +14.31% |
| 2022 | +12.56% | -- | +10.47% |
| 2021 | +17.97% | -- | +14.55% |
Aditya Birla Sun Life Banking and Financial Services vs DSP Banking & Financial Services: Rolling Returns
Every holding period of both funds, against Nifty Financial Services TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 466 of them, one for each trading day from 11-12-2024 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Aditya Birla Sun Life Banking and Financial Services Fund (Direct)
DSP Banking & Financial Services Fund (Direct)
Nifty Financial Services TRI
to
Feb 2025Jun 2024
to
Jun 2025Sept 2024
to
Sept 2025Jan 2025
to
Jan 2026May 2025
to
May 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Banking and Financial Services | 6.7 | 21.9 | 26.2 | 24.0 | 13.3 | 6.2 | 1.7 | 9.5% | 8.7% | −8.7% | 26.8% | 44% |
| DSP Banking & Financial Services | 1.1 | 2.2 | 11.2 | 17.6 | 31.6 | 21.5 | 14.8 | 17.4% | 17.7% | −2.3% | 32.1% | 96% |
| Nifty Financial Services TRI | 18.9 | 12.9 | 6.2 | 22.1 | 23.0 | 15.7 | 1.3 | 10.6% | 13.2% | −10.9% | 26.9% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty Financial Services TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 11-12-2023. Past returns do not promise future returns.
Aditya Birla Sun Life Banking and Financial Services vs DSP Banking & Financial Services: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-12-2023 to 30-10-2026: 35 instalments, ₹3,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life Banking and Financial ServicesAditya Birla Sun Life Banking and Financial Services Fund (Direct) | ₹3,50,000 | ₹3,58,647 | ₹8,647 | 1.6% |
| DSP Banking & Financial ServicesDSP Banking & Financial Services Fund (Direct) | ₹3,50,000 | ₹3,95,671 | ₹45,671 | 8.4% |
Aditya Birla Sun Life Banking and Financial ServicesAditya Birla Sun Life Banking and Financial Services Fund (Direct)
DSP Banking & Financial ServicesDSP Banking & Financial Services Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Aditya Birla Sun Life Banking and Financial Services vs DSP Banking & Financial Services: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life Banking and Financial Services Fund (Direct) | DSP Banking & Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.36% | −0.55% |
| Standard deviation | 17.41% | 18.11% |
| Sharpe ratio | -0.72 | -0.32 |
| Sortino ratio | -1.00 | -0.44 |
| Maximum drawdown | −16.4% (30-03-2026) | −14.7% (31-03-2026) |
| Beta | 0.96 | 0.98 |
| Alpha | +0.99% | +8.02% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Banking and Financial Services Fund (Direct) | DSP Banking & Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.86% | +12.67% |
| Standard deviation | 20.43% | 16.67% |
| Sharpe ratio | 0.49 | 0.40 |
| Sortino ratio | 0.67 | 0.56 |
| Maximum drawdown | −47.5% (23-03-2020) | −14.7% (31-03-2026) |
| Beta | 0.94 | 0.93 |
| Alpha | +1.72% | +6.21% |
From daily NAVs, 18-12-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Aditya Birla Sun Life Banking and Financial Services Fund (Direct)
DSP Banking & Financial Services Fund (Direct)
Nifty Financial Services TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Banking and Financial Services Fund (Direct) | −16.4% | 18-02-2026 | 30-03-2026 | Not yet | -- | −11.0% |
| DSP Banking & Financial Services Fund (Direct) | −14.7% | 26-02-2026 | 31-03-2026 | 24-06-2026 | 3 months | −11.2% |
| Nifty Financial Services TRI | −17.3% | 18-02-2026 | 30-03-2026 | Not yet | -- | −12.4% |
From daily values since 11-12-2023, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Banking and Financial Services Fund (Direct)
DSP Banking & Financial Services Fund (Direct)
Nifty Financial Services TRI
Against Nifty Financial Services TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Aditya Birla Sun Life Banking and Financial Services Fund (Direct) | 99% | 99% | 5.44% |
| DSP Banking & Financial Services Fund (Direct) | 113% | 79% | 7.07% |
From month-end values since 11-12-2023. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Aditya Birla Sun Life Banking and Financial Services vs DSP Banking & Financial Services: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Banking and Financial Services Fund, September 2026; DSP Banking & Financial Services Fund, September 2026
Holdings in common
- Overlap
- 56.1%
- Held by both
- 19
- Only in Aditya Birla Sun Life Banking and Financial Services
- 22
- Only in DSP Banking & Financial Services
- 14
| Security | % of Aditya Birla Sun Life Banking and Financial Services | % of DSP Banking & Financial Services |
|---|---|---|
| ICICI Bank Ltd. | 13.86% | 9.70% |
| HDFC Bank Ltd. | 10.53% | 6.07% |
| Axis Bank Ltd. | 8.05% | 5.70% |
| State Bank of India | 5.05% | 4.63% |
| Shriram Finance Ltd. | 5.44% | 4.47% |
| Bajaj Finance Ltd. | 6.73% | 4.32% |
| Kotak Mahindra Bank Ltd. | 3.62% | 4.63% |
| SBI Life Insurance Co. Ltd. | 2.66% | 3.87% |
| PNB Housing Finance Ltd. | 3.02% | 2.64% |
| Bank of Maharashtra | 2.84% | 2.51% |
| City Union Bank Ltd. | 2.16% | 3.97% |
| PB Fintech Ltd. | 1.76% | 3.01% |
| Ujjivan Small Finance Bank Ltd. | 1.65% | 4.57% |
| Union Bank of India | 1.63% | 2.46% |
| Prudent Corporate Advisory Services Ltd. | 0.93% | 1.40% |
| National Stock Exchange of India Ltd. | 0.74% | 0.97% |
| Karur Vysya Bank Ltd. | 0.71% | 2.68% |
| Billionbrains Garage Ventures Ltd. | 2.34% | 0.19% |
| ICICI Prudential Asset Management Company Ltd. | 1.23% | 0.02% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 56.1% means 56.1% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Aditya Birla Sun Life Banking and Financial Services Fund
| Security | % of fund |
|---|---|
| AU Small Finance Bank Ltd. | 2.91% |
| TATA Capital Ltd. | 2.18% |
| ICICI Lombard General Insurance Company Ltd. | 1.88% |
| Aptus Value Housing Finance India Ltd. | 1.80% |
| Home First Finance Company India Ltd. | 1.72% |
Largest holdings only in DSP Banking & Financial Services Fund
| Security | % of fund |
|---|---|
| Cholamandalam Investment and Finance Co Limited | 5.16% |
| Max Financial Services Limited | 4.18% |
| Canara HSBC Life Insurance Co Limited | 4.13% |
| Aditya Birla Capital Limited | 3.62% |
| Multi Commodity Exchange Of India Limited | 3.41% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Banking and Financial Services | DSP Banking & Financial Services |
|---|---|---|
| Equity | 98.9% | 98.5% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.1% | 1.5% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Banking and Financial Services | DSP Banking & Financial Services |
|---|---|---|
| Large Cap | 64.3% | 52.9% |
| Mid Cap | 12.8% | 18.9% |
| Small Cap | 19.7% | 25.8% |
| Not on AMFI's list | 2.0% | 1.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Aditya Birla Sun Life Banking and Financial Services | DSP Banking & Financial Services |
|---|---|---|
| Banks | 54.5% | 48.4% |
| Finance | 26.2% | 23.6% |
| Insurance | 7.6% | 12.4% |
| Capital Markets | 8.4% | 10.4% |
| Financial Technology (Fintech) | 2.1% | 3.7% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Banking and Financial Services vs DSP Banking & Financial Services: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Banking and Financial Services Fund | DSP Banking & Financial Services Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.14% | 0.80% |
| Base expense ratio (Direct) | 0.90% | 0.57% |
| Total expense ratio (Regular) | 2.02% | 2.18% |
| Base expense ratio (Regular) | 1.66% | 1.76% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Aditya Birla Sun Life Banking and Financial Services with
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Compare DSP Banking & Financial Services with
- DSP Banking & Financial Services vs DSP Healthcare
- DSP Banking & Financial Services vs Nippon India Pharma
- DSP Banking & Financial Services vs Bandhan Transportation and Logistics
- DSP Banking & Financial Services vs Nippon India Power & Infra
- DSP Banking & Financial Services vs Invesco India Financial Services
Aditya Birla Sun Life Banking and Financial Services Fund vs DSP Banking & Financial Services Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Banking and Financial Services Fund and DSP Banking & Financial Services Fund?
Aditya Birla Sun Life Banking and Financial Services Fund is a Thematic fund, DSP Banking & Financial Services Fund is a Sectoral fund, run by Aditya Birla Sun Life Mutual Fund and DSP Mutual Fund. Their portfolios overlap 56.1%. Aditya Birla Sun Life Banking and Financial Services Fund charges 1.14% a year and DSP Banking & Financial Services Fund 0.80%.
Which has given higher returns, Aditya Birla Sun Life Banking and Financial Services Fund or DSP Banking & Financial Services Fund?
Over 1 year: Aditya Birla Sun Life Banking and Financial Services Fund −7.36%, DSP Banking & Financial Services Fund −0.55%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Aditya Birla Sun Life Banking and Financial Services Fund or DSP Banking & Financial Services Fund?
DSP Banking & Financial Services Fund charges less: 0.80% a year against 1.14%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Banking and Financial Services Fund and DSP Banking & Financial Services Fund overlap?
56.1%. They hold 19 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, AXISBANK. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Banking and Financial Services Fund or DSP Banking & Financial Services Fund?
On SEBI's riskometer, Aditya Birla Sun Life Banking and Financial Services Fund is rated Very High and DSP Banking & Financial Services Fund Very High. Over 1 years, the standard deviation of daily returns was 17.41% and 18.11% a year.
Can I invest in both Aditya Birla Sun Life Banking and Financial Services Fund and DSP Banking & Financial Services Fund?
Yes. 56.1% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Aditya Birla Sun Life Banking and Financial Services Fund and DSP Banking & Financial Services Fund?
Aditya Birla Sun Life Banking and Financial Services Fund: Dhaval Gala. DSP Banking & Financial Services Fund: Preethi R S.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.