DSP Banking and PSU Debt Fund vs DSP Dynamic Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
DSP Banking and PSU Debt Fund is a Banking & PSU fund and DSP Dynamic Term Fund is a Dynamic Bond fund. In the 3 years to 30-10-2026, DSP Banking and PSU Debt Fund (Direct) returned 6.6% a year and DSP Dynamic Term Fund (Direct) returned 6.0% a year. DSP Banking and PSU Debt Fund charges 0.34% a year and DSP Dynamic Term Fund 0.54% (Direct plans). Their portfolios overlap 14.2%: they hold 7 of the same securities.
DSP Banking and PSU Debt Fund
Banking & PSU
- 3 year return
- 6.6%
- Expense ratio
- 0.34%
- NAV
- ₹26.17
DSP Dynamic Term Fund
Dynamic Bond
- 3 year return
- 6.0%
- Expense ratio
- 0.54%
- NAV
- ₹3,646.31
Which is better, DSP Banking and PSU Debt or DSP Dynamic Term? 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 and PSU Debt returned more over 5 years: 5.9% a year against 5.5%.
- DSP Banking and PSU Debt returned more over 3 years: 6.6% a year against 6.0%.
- DSP Banking and PSU Debt costs less: 0.34% a year against 0.54% (Direct plans).
- DSP Banking and PSU Debt swung less over 3 years: a standard deviation of 1.4% a year against 2.9%.
- DSP Banking and PSU Debt fell less in its worst fall since 16-09-2013: −3.0% against −4.5%.
- DSP Banking and PSU Debt is the larger fund: ₹2,590 Cr against ₹607 Cr.
- Their portfolios overlap 14.2%: 7 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 | DSP Banking and PSU Debt Fund | DSP Dynamic Term Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | DSP Mutual Fund |
| Category | Banking & PSU | Dynamic Bond |
| AUM | ₹2,590 Cr (30-09-2026) | ₹607 Cr (30-09-2026) |
| NAV | ₹26.17 (Direct) | ₹3,646.31 (Direct) |
| Expense ratio (Direct) | 0.34% | 0.54% |
| Expense ratio (Regular) | 0.61% | 1.16% |
| Riskometer | Moderate | Moderate |
| Benchmark | NIFTY Banking & PSU Debt Index A-II | CRISIL Dynamic Bond A-III Index |
| Launch date | 14-09-2013 | 09-05-2007 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Shantanu Godambe, Sandeep Yadav | Shantanu Godambe, Sandeep Yadav, Kunal Khudania |
| Exit load | Nil | Nil |
DSP Banking and PSU Debt vs DSP Dynamic Term: 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 |
|---|---|---|---|---|---|---|---|
| DSP Banking and PSU Debt Fund (Direct) | −0.37% | −0.53% | +1.94% | +2.97% | +6.60% | +5.87% | +6.73% |
| DSP Dynamic Term Fund (Direct) | −0.58% | −1.75% | +1.23% | +1.26% | +6.03% | +5.49% | +6.43% |
| Banking & PSU average | −0.21% | +0.14% | +2.36% | +4.04% | +6.88% | +6.22% | +6.95% |
| Dynamic Bond average | −0.48% | −0.66% | +1.80% | +3.05% | +6.70% | +5.98% | +6.68% |
Category average: the average of the 19 Banking & PSU funds and the 22 Dynamic Bond funds, same plan type.
DSP Banking and PSU Debt vs DSP Dynamic Term: Year-wise Returns
| Year | Banking and PSU DebtDSP Banking and PSU Debt | Dynamic TermDSP Dynamic Term |
|---|---|---|
| 2026to date | +2.34% | +0.72% |
| 2025 | +7.13% | +4.86% |
| 2024 | +8.91% | +10.66% |
| 2023 | +6.98% | +8.62% |
| 2022 | +3.47% | +2.25% |
| 2021 | +3.37% | +3.02% |
DSP Banking and PSU Debt vs DSP Dynamic Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,458 of them, one for each trading day from 16-09-2016 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.
DSP Banking and PSU Debt Fund (Direct)
DSP Dynamic Term Fund (Direct)
to
Jul 2017Mar 2016
to
Mar 2019Dec 2017
to
Dec 2020Sept 2019
to
Sept 2022May 2021
to
May 2024Jan 2023
to
Jan 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DSP Banking and PSU Debt | 0.0 | 6.1 | 89.3 | 4.6 | 0.0 | 0.0 | 0.0 | 7.6% | 7.7% | 4.4% | 10.9% |
| DSP Dynamic Term | 0.0 | 6.1 | 77.1 | 16.8 | 0.0 | 0.0 | 0.0 | 7.8% | 7.3% | 4.2% | 13.2% |
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. Every fund is measured over the days all of them have, from 16-09-2013. Past returns do not promise future returns.
DSP Banking and PSU Debt vs DSP Dynamic Term: 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 16-09-2013 to 30-10-2026: 158 instalments, ₹15,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| DSP Banking and PSU DebtDSP Banking and PSU Debt Fund (Direct) | ₹15,80,000 | ₹25,23,063 | ₹9,43,063 | 6.8% |
| DSP Dynamic TermDSP Dynamic Term Fund (Direct) | ₹15,80,000 | ₹24,96,382 | ₹9,16,382 | 6.7% |
DSP Banking and PSU DebtDSP Banking and PSU Debt Fund (Direct)
DSP Dynamic TermDSP Dynamic Term 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.
DSP Banking and PSU Debt vs DSP Dynamic Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP Banking and PSU Debt Fund (Direct) | DSP Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +2.97% | +1.26% |
| Standard deviation | 1.65% | 3.19% |
| Sharpe ratio | -1.38 | -1.25 |
| Sortino ratio | -1.81 | -1.65 |
| Maximum drawdown | −1.2% (27-10-2026) | −2.9% (02-04-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 | DSP Banking and PSU Debt Fund (Direct) | DSP Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.60% | +6.03% |
| Standard deviation | 1.38% | 2.92% |
| Sharpe ratio | 0.42 | 0.00 |
| Sortino ratio | 0.60 | 0.00 |
| Maximum drawdown | −1.2% (27-10-2026) | −3.1% (02-04-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 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 | DSP Banking and PSU Debt Fund (Direct) | DSP Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.87% | +5.49% |
| Standard deviation | 1.20% | 2.45% |
| Sharpe ratio | 0.06 | -0.13 |
| Sortino ratio | 0.08 | -0.17 |
| Maximum drawdown | −1.2% (27-10-2026) | −3.1% (02-04-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 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 | DSP Banking and PSU Debt Fund (Direct) | DSP Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.60% | +7.52% |
| Standard deviation | 1.55% | 3.37% |
| Sharpe ratio | 1.07 | 0.44 |
| Sortino ratio | 1.71 | 0.60 |
| Maximum drawdown | −3.0% (23-03-2020) | −4.5% (10-06-2019) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 16-09-2013 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.
DSP Banking and PSU Debt Fund (Direct)
DSP Dynamic Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP Banking and PSU Debt Fund (Direct) | −3.0% | 09-03-2020 | 23-03-2020 | 31-03-2020 | 8 days | −1.1% |
| DSP Dynamic Term Fund (Direct) | −4.5% | 03-06-2019 | 10-06-2019 | 04-07-2019 | 24 days | −2.5% |
From daily values since 16-09-2013, 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.
DSP Banking and PSU Debt Fund (Direct)
DSP Dynamic Term Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
DSP Banking and PSU Debt Fund (Direct)
DSP Dynamic Term Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
DSP Banking and PSU Debt Fund (Direct)
DSP Dynamic Term Fund (Direct)
DSP Banking and PSU Debt vs DSP Dynamic Term: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Banking and PSU Debt Fund, September 2026; DSP Dynamic Term Fund, September 2026
Holdings in common
- Overlap
- 14.2%
- Held by both
- 7
- Only in DSP Banking and PSU Debt
- 36
- Only in DSP Dynamic Term
- 8
| Security | % of DSP Banking and PSU Debt | % of DSP Dynamic Term |
|---|---|---|
| Small Industries Development Bank Of India | 3.87% | 4.12% |
| 6.90% GOI 15042065 | 2.69% | 8.42% |
| Power Finance Corporation Limited | 2.41% | 7.92% |
| 7.43% Maharashtra SDL 03122040 | 1.90% | 8.12% |
| State Bank Of India | 1.87% | 8.00% |
| 6.94% GOI 11052036 | 0.98% | 15.82% |
| SBI Funds Management Pvt Limited/Fund Parent | 0.47% | 0.90% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 14.2% means 14.2% 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 DSP Banking and PSU Debt Fund
| Security | % of fund |
|---|---|
| HDFC Bank Limited | 4.96% |
| Union Bank of India | 4.59% |
| Bharti Telecom Limited | 4.10% |
| GAIL (India) Limited | 4.07% |
| Bharti Telecom Limited | 4.02% |
Largest holdings only in DSP Dynamic Term Fund
| Security | % of fund |
|---|---|
| 7.17% GOI 17042030 | 6.87% |
| Torrent Pharmaceuticals Limited | 4.28% |
| 7.71% GOI 18052066 | 4.24% |
| Cholamandalam Investment and Finance Co Limited | 4.17% |
| 7.02% GOI 18062031 | 3.38% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Banking and PSU Debt | DSP Dynamic Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 99.3% | 82.5% |
| Cash and others | 0.7% | 17.5% |
DSP Banking and PSU Debt vs DSP Dynamic Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Banking and PSU Debt Fund | DSP Dynamic Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.34% | 0.54% |
| Base expense ratio (Direct) | 0.28% | 0.45% |
| Total expense ratio (Regular) | 0.61% | 1.16% |
| Base expense ratio (Regular) | 0.51% | 0.98% |
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 DSP Banking and PSU Debt with
DSP Banking and PSU Debt Fund vs DSP Dynamic Term Fund: Frequently Asked Questions
What is the difference between DSP Banking and PSU Debt Fund and DSP Dynamic Term Fund?
DSP Banking and PSU Debt Fund is a Banking & PSU fund, DSP Dynamic Term Fund is a Dynamic Bond fund, run by DSP Mutual Fund. Their portfolios overlap 14.2%. DSP Banking and PSU Debt Fund charges 0.34% a year and DSP Dynamic Term Fund 0.54%.
Which has given higher returns, DSP Banking and PSU Debt Fund or DSP Dynamic Term Fund?
Over 1 year: DSP Banking and PSU Debt Fund +2.97%, DSP Dynamic Term Fund +1.26%. Over 3 years: DSP Banking and PSU Debt Fund +6.60% a year, DSP Dynamic Term Fund +6.03% a year. Over 5 years: DSP Banking and PSU Debt Fund +5.87% a year, DSP Dynamic Term Fund +5.49% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, DSP Banking and PSU Debt Fund or DSP Dynamic Term Fund?
DSP Banking and PSU Debt Fund charges less: 0.34% a year against 0.54%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Banking and PSU Debt Fund and DSP Dynamic Term Fund overlap?
14.2%. They hold 7 of the same securities, the largest shared ones being Small Industries Development Bank Of India, 6.90% GOI 15042065, Power Finance Corporation Limited. From each fund's latest monthly portfolio.
Which is riskier, DSP Banking and PSU Debt Fund or DSP Dynamic Term Fund?
On SEBI's riskometer, DSP Banking and PSU Debt Fund is rated Moderate and DSP Dynamic Term Fund Moderate. Over 3 years, the standard deviation of daily returns was 1.38% and 2.92% a year.
Which is better for SIP, DSP Banking and PSU Debt Fund or DSP Dynamic Term Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,10,315 in DSP Banking and PSU Debt Fund (XIRR 5.9% a year) and ₹6,96,196 in DSP Dynamic Term Fund (XIRR 5.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both DSP Banking and PSU Debt Fund and DSP Dynamic Term Fund?
Yes. 14.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages DSP Banking and PSU Debt Fund and DSP Dynamic Term Fund?
DSP Banking and PSU Debt Fund: Shantanu Godambe, Sandeep Yadav. DSP Dynamic Term Fund: Shantanu Godambe, Sandeep Yadav, Kunal Khudania.
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.