DSP Banking & Financial Services Fund vs UTI - Banking and Financial Services Fund
Direct Plan, Growth option · Data as on 30-10-2026
DSP Banking & Financial Services Fund is a Sectoral fund and UTI - Banking and Financial Services Fund is a Thematic fund. In the year to 30-10-2026, DSP Banking & Financial Services Fund (Direct) returned −0.6% and UTI - Banking and Financial Services Fund (Direct) returned −5.4%. DSP Banking & Financial Services Fund charges 0.80% a year and UTI - Banking and Financial Services Fund 1.45% (Direct plans). Their portfolios overlap 56.7%: they hold 23 of the same securities.
DSP Banking & Financial Services Fund
Sectoral
- 1 year return
- −0.6%
- Expense ratio
- 0.80%
- NAV
- ₹14.18
UTI - Banking and Financial Services Fund
Thematic
- 1 year return
- −5.4%
- Expense ratio
- 1.45%
- NAV
- ₹212.57
Which is better, DSP Banking & Financial Services or UTI - Banking and 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 −5.4%.
- DSP Banking & Financial Services costs less: 0.80% a year against 1.45% (Direct plans).
- DSP Banking & Financial Services fell less in its worst fall since 11-12-2023: −14.7% against −16.5%.
- UTI - Banking and Financial Services holds more in large companies: 78.2% of the fund in large caps against 52.9%.
- DSP Banking & Financial Services is the larger fund: ₹2,034 Cr against ₹1,339 Cr.
- Their portfolios overlap 56.7%: 23 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 | UTI - Banking and Financial Services Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | UTI Mutual Fund |
| Category | Sectoral | Thematic |
| AUM | ₹2,034 Cr (30-09-2026) | ₹1,339 Cr (30-09-2026) |
| NAV | ₹14.18 (Direct) | ₹212.57 (Direct) |
| Expense ratio (Direct) | 0.80% | 1.45% |
| Expense ratio (Regular) | 2.18% | 2.38% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Financial Services TRI | Nifty Financial Services TRI |
| Launch date | 08-12-2023 | 07-04-2004 |
| Minimum investment | ₹100 | Regular Plan-Growth- Rs.5000, Regular Plan-Reinvestment of IDCW- Rs.5000, Regular Plan-Payout of IDCW- Rs.5000, Direct Plan-Growth- Rs.5000, Direct Plan-Reinvestment of IDCW- Rs.5000, Direct Plan-Payout of IDCW- Rs.5000, |
| Lock in | None | None |
| Fund managers | Preethi R S | Bhavesh Kanani FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4 |
| Exit load | Exit load of 0.50%, if redeemed within 1 month. | 1.00% if redeemed before 30 days from the date of allotment. Nil if redeemed on or after 30 days from the date of allotment |
DSP Banking & Financial Services vs UTI - Banking and 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 |
|---|---|---|---|---|---|---|---|
| DSP Banking & Financial Services Fund (Direct) | −2.96% | −7.27% | −2.24% | −0.55% | -- | -- | -- |
| UTI - Banking and Financial Services Fund (Direct) | −1.86% | −5.50% | −1.11% | −5.38% | +11.97% | +9.64% | +10.17% |
| Sectoral average | −1.70% | −4.49% | +2.30% | −0.58% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | +13.76% |
Category average: the average of the 20 Sectoral funds and the 235 Thematic funds, same plan type.
DSP Banking & Financial Services vs UTI - Banking and Financial Services: Year-wise Returns
| Year | DSP Banking &DSP Banking & Financial Services | UTI - Banking andUTI - Banking and Financial Services | Nifty Financial Services TRI |
|---|---|---|---|
| 2026to date | −3.33% | −6.40% | −9.69% |
| 2025 | +23.59% | +17.53% | +18.60% |
| 2024 | +17.42% | +12.26% | +10.52% |
| 2023 | -- | +20.81% | +14.31% |
| 2022 | -- | +16.45% | +10.47% |
| 2021 | -- | +15.53% | +14.55% |
DSP Banking & Financial Services vs UTI - Banking and 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, 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)
UTI - Banking and 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% |
| UTI - Banking and Financial Services | 6.5 | 17.4 | 23.2 | 25.4 | 16.6 | 8.2 | 2.8 | 10.7% | 10.8% | −7.0% | 27.8% | 46% |
| 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 UTI - Banking and 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 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% |
| UTI - Banking and Financial ServicesUTI - Banking and Financial Services Fund (Direct) | ₹3,50,000 | ₹3,69,714 | ₹19,714 | 3.7% |
DSP Banking & Financial ServicesDSP Banking & Financial Services Fund (Direct)
UTI - Banking and Financial ServicesUTI - Banking and 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.
DSP Banking & Financial Services vs UTI - Banking and Financial Services: 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) | UTI - Banking and Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.55% | −5.38% |
| Standard deviation | 18.11% | 17.02% |
| Sharpe ratio | -0.32 | -0.62 |
| Sortino ratio | -0.44 | -0.87 |
| Maximum drawdown | −14.7% (31-03-2026) | −16.5% (31-03-2026) |
| Beta | 0.98 | 0.96 |
| Alpha | +8.02% | +2.91% |
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) | UTI - Banking and Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.67% | +11.05% |
| Standard deviation | 16.67% | 21.17% |
| Sharpe ratio | 0.40 | 0.24 |
| Sortino ratio | 0.56 | 0.33 |
| Maximum drawdown | −14.7% (31-03-2026) | −49.0% (23-03-2020) |
| Beta | 0.93 | 0.97 |
| Alpha | +6.21% | −1.60% |
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)
UTI - Banking and 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 |
|---|---|---|---|---|---|---|
| DSP Banking & Financial Services Fund (Direct) | −14.7% | 26-02-2026 | 31-03-2026 | 24-06-2026 | 3 months | −11.2% |
| UTI - Banking and Financial Services Fund (Direct) | −16.5% | 23-02-2026 | 31-03-2026 | Not yet | -- | −10.1% |
| 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)
UTI - Banking and Financial Services 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% |
| UTI - Banking and Financial Services Fund (Direct) | 96% | 85% | 5.65% |
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 UTI - Banking and Financial Services: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Banking & Financial Services Fund, September 2026; UTI - Banking and Financial Services Fund, September 2026
Holdings in common
- Overlap
- 56.7%
- Held by both
- 23
- Only in DSP Banking & Financial Services
- 10
- Only in UTI - Banking and Financial Services
- 14
| Security | % of DSP Banking & Financial Services | % of UTI - Banking and Financial Services |
|---|---|---|
| ICICI Bank Limited | 9.70% | 10.37% |
| HDFC Bank Limited | 6.07% | 17.60% |
| Axis Bank Limited | 5.70% | 9.93% |
| State Bank of India | 4.63% | 9.98% |
| Kotak Mahindra Bank Limited | 4.63% | 9.89% |
| Shriram Finance Limited | 4.47% | 4.61% |
| Bajaj Finance Limited | 4.32% | 5.07% |
| Ujjivan Small Finance Bank Limited | 4.57% | 3.93% |
| SBI Life Insurance Co Limited | 3.87% | 3.89% |
| BSE Limited | 1.42% | 1.27% |
| Max Financial Services Limited | 4.18% | 1.19% |
| Bank Of Maharashtra | 2.51% | 1.10% |
| Multi Commodity Exchange Of India Limited | 3.41% | 1.06% |
| Cholamandalam Investment and Finance Co Limited | 5.16% | 1.01% |
| Aditya Birla Capital Limited | 3.62% | 0.99% |
| Kfin Technologies Limited | 0.86% | 0.97% |
| Seshaasai Technologies Limited | 0.69% | 0.76% |
| National Stock Exchange Of India Limited | 0.97% | 0.65% |
| Life Insurance Corporation Of India | 0.26% | 0.99% |
| Billionbrains Garage Ventures Limited | 0.19% | 0.89% |
| PB Fintech Limited | 3.01% | 0.08% |
| ICICI Prudential Asset Management Co Limited | 0.02% | 0.47% |
| Bajaj Finserv Limited | 0.01% | 1.50% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 56.7% means 56.7% 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 |
|---|---|
| Canara HSBC Life Insurance Co Limited | 4.13% |
| City Union Bank Limited | 3.97% |
| Aadhar Housing Finance Limited | 3.34% |
| Karur Vysya Bank Limited | 2.68% |
| PNB Housing Finance Limited | 2.64% |
Largest holdings only in UTI - Banking and Financial Services Fund
| Security | % of fund |
|---|---|
| EQ - ICICI LOMBARD GENERAL INSURANC | 1.78% |
| EQ - AAVAS FINANCIERS LTD. | 1.76% |
| EQ - BANDHAN BANK LTD. | 0.93% |
| EQ - GENERAL INSURANCE CORPORATION | 0.87% |
| EQ - INDUSIND BANK | 0.80% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Banking & Financial Services | UTI - Banking and Financial Services |
|---|---|---|
| Equity | 98.5% | 98.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.5% | 1.3% |
Market cap of stocks
| Market cap | DSP Banking & Financial Services | UTI - Banking and Financial Services |
|---|---|---|
| Large Cap | 52.9% | 78.2% |
| Mid Cap | 18.9% | 9.9% |
| Small Cap | 25.8% | 10.0% |
| Not on AMFI's list | 1.0% | 0.7% |
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 | UTI - Banking and Financial Services |
|---|---|---|
| Banks | 48.4% | 64.5% |
| Finance | 23.6% | 18.0% |
| Insurance | 12.4% | 9.5% |
| Capital Markets | 10.4% | 4.7% |
| Financial Technology (Fintech) | 3.7% | 1.5% |
| Not Applicable | 0.0% | 0.7% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Banking & Financial Services vs UTI - Banking and Financial Services: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Banking & Financial Services Fund | UTI - Banking and Financial Services Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.80% | 1.45% |
| Base expense ratio (Direct) | 0.57% | 0.99% |
| Total expense ratio (Regular) | 2.18% | 2.38% |
| Base expense ratio (Regular) | 1.76% | 1.82% |
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 & Financial Services with
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- DSP Banking & Financial Services vs Invesco India Financial Services
Compare UTI - Banking and Financial Services with
- UTI - Banking and Financial Services vs Nippon India Taiwan Equity
- UTI - Banking and Financial Services vs HDFC Defence
- UTI - Banking and Financial Services vs HDFC Pharma and Healthcare
- UTI - Banking and Financial Services vs SBI Healthcare Opportunities
- UTI - Banking and Financial Services vs Aditya Birla Sun Life International Equity
DSP Banking & Financial Services Fund vs UTI - Banking and Financial Services Fund: Frequently Asked Questions
What is the difference between DSP Banking & Financial Services Fund and UTI - Banking and Financial Services Fund?
DSP Banking & Financial Services Fund is a Sectoral fund, UTI - Banking and Financial Services Fund is a Thematic fund, run by DSP Mutual Fund and UTI Mutual Fund. Their portfolios overlap 56.7%. DSP Banking & Financial Services Fund charges 0.80% a year and UTI - Banking and Financial Services Fund 1.45%.
Which has given higher returns, DSP Banking & Financial Services Fund or UTI - Banking and Financial Services Fund?
Over 1 year: DSP Banking & Financial Services Fund −0.55%, UTI - Banking and Financial Services Fund −5.38%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, DSP Banking & Financial Services Fund or UTI - Banking and Financial Services Fund?
DSP Banking & Financial Services Fund charges less: 0.80% a year against 1.45%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Banking & Financial Services Fund and UTI - Banking and Financial Services Fund overlap?
56.7%. They hold 23 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, AXISBANK. From each fund's latest monthly portfolio.
Which is riskier, DSP Banking & Financial Services Fund or UTI - Banking and Financial Services Fund?
On SEBI's riskometer, DSP Banking & Financial Services Fund is rated Very High and UTI - Banking and Financial Services Fund Very High. Over 1 years, the standard deviation of daily returns was 18.11% and 17.02% a year.
Can I invest in both DSP Banking & Financial Services Fund and UTI - Banking and Financial Services Fund?
Yes. 56.7% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages DSP Banking & Financial Services Fund and UTI - Banking and Financial Services Fund?
DSP Banking & Financial Services Fund: Preethi R S. UTI - Banking and Financial Services Fund: Bhavesh Kanani FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4.
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.