DSP Banking & Financial Services Fund vs DSP Healthcare Fund
Direct Plan, Growth option · Data as on 30-10-2026
DSP Banking & Financial Services Fund is a Sectoral fund and DSP Healthcare Fund is a Sectoral fund. In the year to 30-10-2026, DSP Banking & Financial Services Fund (Direct) returned −0.6% and DSP Healthcare Fund (Direct) returned 15.4%. DSP Banking & Financial Services Fund charges 0.80% a year and DSP Healthcare Fund 0.76% (Direct plans). Their portfolios overlap 0.0%: they hold 0 of the same securities.
DSP Banking & Financial Services Fund
Sectoral
- 1 year return
- −0.6%
- Expense ratio
- 0.80%
- NAV
- ₹14.18
Which is better, DSP Banking & Financial Services or DSP Healthcare? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- DSP Healthcare returned more over 1 year: 15.4% against −0.6%.
- DSP Healthcare costs less: 0.76% a year against 0.80% (Direct plans).
- DSP Banking & Financial Services fell less in its worst fall since 11-12-2023: −14.7% against −16.1%.
- DSP Healthcare holds 9.3% of the fund in foreign stocks; DSP Banking & Financial Services 0.0%.
- DSP Banking & Financial Services holds more in large companies: 52.9% of the fund in large caps against 24.9%.
- DSP Healthcare is the larger fund: ₹3,750 Cr against ₹2,034 Cr.
- Their portfolios overlap 0.0%: 0 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 & Financial Services Fund | DSP Healthcare Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | DSP Mutual Fund |
| Category | Sectoral | Sectoral |
| AUM | ₹2,034 Cr (30-09-2026) | ₹3,750 Cr (30-09-2026) |
| NAV | ₹14.18 (Direct) | ₹50.24 (Direct) |
| Expense ratio (Direct) | 0.80% | 0.76% |
| Expense ratio (Regular) | 2.18% | 2.06% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Financial Services TRI | BSE Healthcare TRI |
| Launch date | 08-12-2023 | 30-11-2018 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Preethi R S | Chirag Dagli |
| Exit load | Exit load of 0.50%, if redeemed within 1 month. | Exit load of 0.50% if redeemed within 1 month. |
DSP Banking & Financial Services vs DSP Healthcare: 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 & Financial Services Fund (Direct) | −2.96% | −7.27% | −2.24% | −0.55% | -- | -- | -- |
| DSP Healthcare Fund (Direct) | −1.61% | +1.18% | +16.73% | +15.40% | +21.77% | +16.26% | -- |
| Sectoral average | −1.70% | −4.49% | +2.30% | −0.58% | +15.61% | +14.51% | -- |
Category average: the average of the 20 Sectoral funds, same plan type.
DSP Banking & Financial Services vs DSP Healthcare: Year-wise Returns
| Year | Banking & Financial ServicesDSP Banking & Financial Services | HealthcareDSP Healthcare |
|---|---|---|
| 2026to date | −3.33% | +15.40% |
| 2025 | +23.59% | −4.55% |
| 2024 | +17.42% | +42.61% |
| 2023 | -- | +36.80% |
| 2022 | -- | −6.50% |
| 2021 | -- | +25.11% |
DSP Banking & Financial Services vs DSP Healthcare: Rolling Returns
Every holding period of both funds, against Nifty Financial Services TRI, the benchmark of DSP Banking & Financial Services Fund
Rolling returns
Every 1-year holding period, 465 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.
DSP Banking & Financial Services Fund (Direct)
DSP Healthcare 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% |
| DSP Healthcare | 24.4 | 11.1 | 9.6 | 21.8 | 22.4 | 2.2 | 8.4 | 10.5% | 11.1% | −7.6% | 48.2% | 48% |
| Nifty Financial Services TRI | 18.7 | 12.9 | 6.2 | 22.2 | 23.0 | 15.7 | 1.3 | 10.7% | 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.
DSP Banking & Financial Services vs DSP Healthcare: 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 11-12-2023 to 30-10-2026: 35 instalments, ₹3,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| DSP Banking & Financial ServicesDSP Banking & Financial Services Fund (Direct) | ₹3,50,000 | ₹3,95,671 | ₹45,671 | 8.4% |
| DSP HealthcareDSP Healthcare Fund (Direct) | ₹3,50,000 | ₹4,27,363 | ₹77,363 | 13.9% |
DSP Banking & Financial ServicesDSP Banking & Financial Services Fund (Direct)
DSP HealthcareDSP Healthcare 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 & Financial Services vs DSP Healthcare: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP Banking & Financial Services Fund (Direct) | DSP Healthcare Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.55% | +15.40% |
| Standard deviation | 18.11% | 12.14% |
| Sharpe ratio | -0.32 | 0.84 |
| Sortino ratio | -0.44 | 1.24 |
| Maximum drawdown | −14.7% (31-03-2026) | −10.5% (23-03-2026) |
| Beta | 0.98 | 0.73 |
| Alpha | +8.02% | +6.09% |
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 & Financial Services Fund (Direct) | DSP Healthcare Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.67% | +22.57% |
| Standard deviation | 16.67% | 14.11% |
| Sharpe ratio | 0.40 | 1.23 |
| Sortino ratio | 0.56 | 1.77 |
| Maximum drawdown | −14.7% (31-03-2026) | −21.7% (23-03-2020) |
| Beta | 0.93 | 0.77 |
| Alpha | +6.21% | +7.48% |
From daily NAVs, 11-12-2023 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.
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 & Financial Services Fund (Direct)
DSP Healthcare 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 |
|---|---|---|---|---|---|---|
| DSP Banking & Financial Services Fund (Direct) | −14.7% | 26-02-2026 | 31-03-2026 | 24-06-2026 | 3 months | −11.2% |
| DSP Healthcare Fund (Direct) | −16.1% | 07-01-2025 | 07-04-2025 | 04-06-2026 | 14 months | −2.8% |
| 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.
DSP Banking & Financial Services Fund (Direct)
DSP Healthcare Fund (Direct)
Nifty Financial Services TRI
Against Nifty Financial Services TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| DSP Banking & Financial Services Fund (Direct) | 113% | 79% | 7.07% |
| DSP Healthcare Fund (Direct) | 88% | 18% | 15.93% |
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.
DSP Banking & Financial Services vs DSP Healthcare: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Banking & Financial Services Fund, September 2026; DSP Healthcare Fund, September 2026
Holdings in common
- Overlap
- 0.0%
- Held by both
- 0
- Only in DSP Banking & Financial Services
- 33
- Only in DSP Healthcare
- 27
Overlap: for each holding both funds own, the smaller of its two weights, added up. 0.0% means 0.0% 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 & Financial Services Fund
| Security | % of fund |
|---|---|
| ICICI Bank Limited | 9.70% |
| HDFC Bank Limited | 6.07% |
| Axis Bank Limited | 5.70% |
| Cholamandalam Investment and Finance Co Limited | 5.16% |
| State Bank of India | 4.63% |
Largest holdings only in DSP Healthcare Fund
| Security | % of fund |
|---|---|
| IPCA Laboratories Limited | 8.13% |
| Sun Pharmaceutical Industries Limited | 7.44% |
| Cipla Limited | 7.18% |
| Sai Life Sciences Limited | 6.52% |
| Gland Pharma Limited | 6.15% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Banking & Financial Services | DSP Healthcare |
|---|---|---|
| Equity | 98.5% | 93.3% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.5% | 6.7% |
Market cap of stocks
| Market cap | DSP Banking & Financial Services | DSP Healthcare |
|---|---|---|
| Large Cap | 52.9% | 24.9% |
| Mid Cap | 18.9% | 14.2% |
| Small Cap | 25.8% | 42.7% |
| Foreign stocks | 0.0% | 9.3% |
| Not on AMFI's list | 1.0% | 2.2% |
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 | DSP Banking & Financial Services | DSP Healthcare |
|---|---|---|
| Pharmaceuticals & Biotechnology | 0.0% | 65.8% |
| Banks | 48.4% | 0.0% |
| Finance | 23.6% | 0.0% |
| Healthcare Services | 0.0% | 17.8% |
| Insurance | 12.4% | 1.0% |
| Capital Markets | 10.4% | 0.0% |
| Healthcare Equipment & Supplies | 0.0% | 7.5% |
| Financial Technology (Fintech) | 3.7% | 0.0% |
| Foreign Security | 0.0% | 1.1% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Banking & Financial Services vs DSP Healthcare: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Banking & Financial Services Fund | DSP Healthcare Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.80% | 0.76% |
| Base expense ratio (Direct) | 0.57% | 0.54% |
| Total expense ratio (Regular) | 2.18% | 2.06% |
| Base expense ratio (Regular) | 1.76% | 1.65% |
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
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DSP Banking & Financial Services Fund vs DSP Healthcare Fund: Frequently Asked Questions
What is the difference between DSP Banking & Financial Services Fund and DSP Healthcare Fund?
DSP Banking & Financial Services Fund is a Sectoral fund, DSP Healthcare Fund is a Sectoral fund, run by DSP Mutual Fund. Their portfolios overlap 0.0%. DSP Banking & Financial Services Fund charges 0.80% a year and DSP Healthcare Fund 0.76%.
Which has given higher returns, DSP Banking & Financial Services Fund or DSP Healthcare Fund?
Over 1 year: DSP Banking & Financial Services Fund −0.55%, DSP Healthcare Fund +15.40%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, DSP Banking & Financial Services Fund or DSP Healthcare Fund?
DSP Healthcare Fund charges less: 0.76% a year against 0.80%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Banking & Financial Services Fund and DSP Healthcare Fund overlap?
0.0%. They hold 0 of the same securities. From each fund's latest monthly portfolio.
Which is riskier, DSP Banking & Financial Services Fund or DSP Healthcare Fund?
On SEBI's riskometer, DSP Banking & Financial Services Fund is rated Very High and DSP Healthcare Fund Very High. Over 1 years, the standard deviation of daily returns was 18.11% and 12.14% a year.
Can I invest in both DSP Banking & Financial Services Fund and DSP Healthcare Fund?
Yes. 0.0% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages DSP Banking & Financial Services Fund and DSP Healthcare Fund?
DSP Banking & Financial Services Fund: Preethi R S. DSP Healthcare Fund: Chirag Dagli.
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.