DSP Healthcare Fund vs Nippon India Banking & Financial Services Fund
Direct Plan, Growth option · Data as on 29-10-2026
DSP Healthcare Fund is a Sectoral fund and Nippon India Banking & Financial Services Fund is a Sectoral fund. In the 3 years to 30-10-2026, DSP Healthcare Fund (Direct) returned 21.8% a year and Nippon India Banking & Financial Services Fund (Direct) returned 9.9% a year. DSP Healthcare Fund charges 0.76% a year and Nippon India Banking & Financial Services Fund 1.11% (Direct plans). Their portfolios overlap 0.0%: they hold 0 of the same securities.
Nippon India Banking & Financial Services Fund
Sectoral
- 3 year return
- 9.9%
- Expense ratio
- 1.11%
- NAV
- ₹653.74
Which is better, DSP Healthcare or Nippon India 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 Healthcare returned more over 5 years: 16.3% a year against 10.8%.
- DSP Healthcare returned more over 3 years: 21.8% a year against 9.9%.
- DSP Healthcare costs less: 0.76% a year against 1.11% (Direct plans).
- DSP Healthcare swung less over 3 years: a standard deviation of 12.6% a year against 15.3%.
- DSP Healthcare fell less in its worst fall since 03-12-2018: −21.7% against −50.6%.
- DSP Healthcare holds 9.3% of the fund in foreign stocks; Nippon India Banking & Financial Services 0.0%.
- Nippon India Banking & Financial Services holds more in large companies: 58.5% of the fund in large caps against 24.9%.
- Nippon India Banking & Financial Services is the larger fund: ₹7,367 Cr against ₹3,750 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 Healthcare Fund | Nippon India Banking & Financial Services Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | Nippon India Mutual Fund |
| Category | Sectoral | Sectoral |
| AUM | ₹3,750 Cr (30-09-2026) | ₹7,367 Cr (30-09-2026) |
| NAV | ₹50.24 (Direct) | ₹653.74 (Direct) |
| Expense ratio (Direct) | 0.76% | 1.11% |
| Expense ratio (Regular) | 2.06% | 1.93% |
| Riskometer | Very High | Very High |
| Benchmark | BSE Healthcare TRI | Nifty Financial Services TRI |
| Launch date | 30-11-2018 | 26-05-2003 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Chirag Dagli | Vinay Sharma, Bhavik Dave |
| Exit load | Exit load of 0.50% if redeemed within 1 month. | Exit load of 1%, if redeemed within 1 month. |
DSP Healthcare vs Nippon India 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 |
|---|---|---|---|---|---|---|---|
| DSP Healthcare Fund (Direct) | −1.61% | +1.18% | +16.73% | +15.40% | +21.77% | +16.26% | -- |
| Nippon India Banking & Financial Services Fund (Direct) | −2.63% | −7.11% | −4.51% | −8.11% | +9.87% | +10.82% | +12.21% |
| Sectoral average | −1.70% | −4.49% | +2.30% | −0.58% | +15.61% | +14.51% | +14.77% |
Category average: the average of the 20 Sectoral funds, same plan type.
DSP Healthcare vs Nippon India Banking & Financial Services: Year-wise Returns
| Year | DSP HealthcareDSP Healthcare | Nippon India Banking & Financial ServicesNippon India Banking & Financial Services |
|---|---|---|
| 2026to date | +15.40% | −9.76% |
| 2025 | −4.55% | +18.39% |
| 2024 | +42.61% | +11.25% |
| 2023 | +36.80% | +25.11% |
| 2022 | −6.50% | +21.75% |
| 2021 | +25.11% | +30.66% |
DSP Healthcare vs Nippon India Banking & Financial Services: Rolling Returns
Every holding period of both funds, against BSE Healthcare TRI, the benchmark of DSP Healthcare Fund
Rolling returns
Every 3-year holding period, 1,186 of them, one for each trading day from 03-12-2021 to 29-10-2026: 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 Healthcare Fund (Direct)
Nippon India Banking & Financial Services Fund (Direct)
BSE Healthcare TRI
to
Apr 2022Feb 2020
to
Feb 2023Dec 2020
to
Dec 2023Oct 2021
to
Oct 2024Aug 2022
to
Aug 2025Jun 2023
to
Jun 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 Healthcare | 0.0 | 0.0 | 0.0 | 0.2 | 18.3 | 49.3 | 32.2 | 23.7% | 22.8% | 15.0% | 35.1% | 78% |
| Nippon India Banking & Financial Services | 0.0 | 2.2 | 7.0 | 23.8 | 34.6 | 14.4 | 18.0 | 18.8% | 18.2% | 2.8% | 42.6% | 32% |
| BSE Healthcare TRI | 0.0 | 0.0 | 0.0 | 13.0 | 29.7 | 44.2 | 13.2 | 20.5% | 20.8% | 12.0% | 28.8% | -- |
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 BSE Healthcare 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 03-12-2018. Past returns do not promise future returns.
DSP Healthcare vs Nippon India 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 03-12-2018 to 29-10-2026: 95 instalments, ₹9,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| DSP HealthcareDSP Healthcare Fund (Direct) | ₹9,50,000 | ₹22,58,555 | ₹13,08,555 | 21.3% |
| Nippon India Banking & Financial ServicesNippon India Banking & Financial Services Fund (Direct) | ₹9,50,000 | ₹16,13,741 | ₹6,63,741 | 13.1% |
DSP HealthcareDSP Healthcare Fund (Direct)
Nippon India Banking & Financial ServicesNippon India 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.
DSP Healthcare vs Nippon India Banking & Financial Services: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP Healthcare Fund (Direct) | Nippon India Banking & Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.40% | −8.11% |
| Standard deviation | 12.14% | 16.74% |
| Sharpe ratio | 0.84 | -0.80 |
| Sortino ratio | 1.24 | -1.09 |
| Maximum drawdown | −10.5% (23-03-2026) | −16.7% (31-03-2026) |
| Beta | 0.73 | 0.92 |
| Alpha | +6.09% | −0.32% |
From daily NAVs, 29-10-2025 to 29-10-2026. 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 Healthcare Fund (Direct) | Nippon India Banking & Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | +21.77% | +9.87% |
| Standard deviation | 12.56% | 15.26% |
| Sharpe ratio | 1.25 | 0.25 |
| Sortino ratio | 1.77 | 0.35 |
| Maximum drawdown | −16.1% (07-04-2025) | −16.7% (31-03-2026) |
| Beta | 0.77 | 0.90 |
| Alpha | +2.89% | +0.46% |
From daily NAVs, 27-10-2023 to 29-10-2026. 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 Healthcare Fund (Direct) | Nippon India Banking & Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.26% | +10.82% |
| Standard deviation | 12.71% | 16.09% |
| Sharpe ratio | 0.82 | 0.31 |
| Sortino ratio | 1.17 | 0.43 |
| Maximum drawdown | −20.5% (17-06-2022) | −17.4% (20-06-2022) |
| Beta | 0.80 | 0.91 |
| Alpha | +2.79% | +4.26% |
From daily NAVs, 29-10-2021 to 29-10-2026. 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 Healthcare Fund (Direct) | Nippon India Banking & Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | +22.57% | +12.85% |
| Standard deviation | 14.11% | 20.73% |
| Sharpe ratio | 1.23 | 0.33 |
| Sortino ratio | 1.77 | 0.45 |
| Maximum drawdown | −21.7% (23-03-2020) | −50.6% (22-05-2020) |
| Beta | 0.77 | 0.93 |
| Alpha | +7.48% | +0.47% |
From daily NAVs, 03-12-2018 to 29-10-2026. 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 Healthcare Fund (Direct)
Nippon India Banking & Financial Services Fund (Direct)
BSE Healthcare TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP Healthcare Fund (Direct) | −21.7% | 20-02-2020 | 23-03-2020 | 20-04-2020 | 28 days | −2.8% |
| Nippon India Banking & Financial Services Fund (Direct) | −50.6% | 27-05-2019 | 22-05-2020 | 08-02-2021 | 9 months | −12.1% |
| BSE Healthcare TRI | −24.1% | 20-02-2020 | 23-03-2020 | 09-04-2020 | 17 days | −3.8% |
From daily values since 03-12-2018, 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 Healthcare Fund (Direct)
Nippon India Banking & Financial Services Fund (Direct)
BSE Healthcare TRI
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 Healthcare Fund (Direct)
Nippon India Banking & Financial Services Fund (Direct)
BSE Healthcare TRI
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 Healthcare Fund (Direct)
Nippon India Banking & Financial Services Fund (Direct)
BSE Healthcare TRI
Against BSE Healthcare TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| DSP Healthcare Fund (Direct) | 96% | 71% | 6.93% |
| Nippon India Banking & Financial Services Fund (Direct) | 76% | 73% | 23.95% |
From month-end values since 03-12-2018. 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 Healthcare vs Nippon India Banking & Financial Services: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Healthcare Fund, September 2026; Nippon India Banking & Financial Services Fund, September 2026
Holdings in common
- Overlap
- 0.0%
- Held by both
- 0
- Only in DSP Healthcare
- 27
- Only in Nippon India Banking & Financial Services
- 33
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 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% |
Largest holdings only in Nippon India Banking & Financial Services Fund
| Security | % of fund |
|---|---|
| HDFC Bank Limited | 15.76% |
| ICICI Bank Limited | 13.26% |
| Axis Bank Limited | 9.00% |
| State Bank of India | 4.97% |
| Kotak Mahindra Bank Limited | 4.06% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Healthcare | Nippon India Banking & Financial Services |
|---|---|---|
| Equity | 93.3% | 99.2% |
| Debt | 0.0% | 0.0% |
| Cash and others | 6.7% | 0.8% |
Market cap of stocks
| Market cap | DSP Healthcare | Nippon India Banking & Financial Services |
|---|---|---|
| Large Cap | 24.9% | 58.5% |
| Mid Cap | 14.2% | 22.0% |
| Small Cap | 42.7% | 18.4% |
| Foreign stocks | 9.3% | 0.0% |
| Not on AMFI's list | 2.2% | 0.4% |
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 Healthcare | Nippon India Banking & Financial Services |
|---|---|---|
| Pharmaceuticals & Biotechnology | 65.8% | 0.0% |
| Banks | 0.0% | 55.2% |
| Finance | 0.0% | 19.9% |
| Healthcare Services | 17.8% | 0.0% |
| Insurance | 1.0% | 11.2% |
| Capital Markets | 0.0% | 8.9% |
| Healthcare Equipment & Supplies | 7.5% | 0.0% |
| Financial Technology (Fintech) | 0.0% | 4.0% |
| Foreign Security | 1.1% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Healthcare vs Nippon India Banking & Financial Services: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Healthcare Fund | Nippon India Banking & Financial Services Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.76% | 1.11% |
| Base expense ratio (Direct) | 0.54% | 0.83% |
| Total expense ratio (Regular) | 2.06% | 1.93% |
| Base expense ratio (Regular) | 1.65% | 1.54% |
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 Healthcare with
Compare Nippon India Banking & Financial Services with
DSP Healthcare Fund vs Nippon India Banking & Financial Services Fund: Frequently Asked Questions
What is the difference between DSP Healthcare Fund and Nippon India Banking & Financial Services Fund?
DSP Healthcare Fund is a Sectoral fund, Nippon India Banking & Financial Services Fund is a Sectoral fund, run by DSP Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 0.0%. DSP Healthcare Fund charges 0.76% a year and Nippon India Banking & Financial Services Fund 1.11%.
Which has given higher returns, DSP Healthcare Fund or Nippon India Banking & Financial Services Fund?
Over 1 year: DSP Healthcare Fund +15.40%, Nippon India Banking & Financial Services Fund −8.11%. Over 3 years: DSP Healthcare Fund +21.77% a year, Nippon India Banking & Financial Services Fund +9.87% a year. Over 5 years: DSP Healthcare Fund +16.26% a year, Nippon India Banking & Financial Services Fund +10.82% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, DSP Healthcare Fund or Nippon India Banking & Financial Services Fund?
DSP Healthcare Fund charges less: 0.76% a year against 1.11%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Healthcare Fund and Nippon India Banking & Financial Services Fund overlap?
0.0%. They hold 0 of the same securities. From each fund's latest monthly portfolio.
Which is riskier, DSP Healthcare Fund or Nippon India Banking & Financial Services Fund?
On SEBI's riskometer, DSP Healthcare Fund is rated Very High and Nippon India Banking & Financial Services Fund Very High. Over 3 years, the standard deviation of daily returns was 12.56% and 15.26% a year.
Which is better for SIP, DSP Healthcare Fund or Nippon India Banking & Financial Services Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 29-10-2026 grew to ₹9,79,978 in DSP Healthcare Fund (XIRR 18.8% a year) and ₹7,70,859 in Nippon India Banking & Financial Services Fund (XIRR 9.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both DSP Healthcare Fund and Nippon India Banking & Financial Services Fund?
Yes. 0.0% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages DSP Healthcare Fund and Nippon India Banking & Financial Services Fund?
DSP Healthcare Fund: Chirag Dagli. Nippon India Banking & Financial Services Fund: Vinay Sharma, Bhavik Dave.
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.