DSP Banking and PSU Debt Fund is a Banking & PSU fund run by DSP Mutual Fund. On 30-09-2026, it managed ₹2,590 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 6.6% a year and its Regular plan returned 6.3% a year. Its benchmark, NIFTY Banking & PSU Debt Index A-II, returned 6.6% a year over the same 3 years.
NAV (Direct plan)
₹26.17
▲ 0.02% · 30-10-2026
NAV (Regular plan)
₹25.19
▲ 0.02% · 30-10-2026
Expense ratio
0.34%Direct0.61%Regular
0.34%
A year
Riskometer
Moderate
Set by the fund house
3 year return
6.6%Direct6.3%Regular
6.6%
A year
DSP Banking and PSU Debt Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹26.17 (up 0.02% that day); Regular Plan Growth ₹25.19 (up 0.02% that day).
This fund (Direct plan)
₹26.1729
DSP Banking and PSU Debt Fund Returns vs NIFTY Banking & PSU Debt Index A-II
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
−0.37%
−0.53%
+1.94%
+2.97%
+6.60%
+5.87%
+6.73%
This fund (Regular)
−0.40%
−0.60%
+1.80%
+2.69%
+6.32%
+5.59%
+6.44%
NIFTY Banking & PSU Debt Index A-II
+0.16%
+0.57%
+2.67%
+4.43%
+6.60%
+5.65%
--
Banking & PSU average
−0.21%
+0.14%
+2.36%
+4.04%
+6.88%
+6.22%
+6.95%
Best in Banking & PSU
+0.29%
+1.41%
+3.21%
+5.74%
+7.47%
+7.79%
+7.22%
Worst in Banking & PSU
−0.45%
−0.53%
+1.89%
+2.97%
+6.32%
+5.58%
+6.46%
Rank in Banking & PSU
14/19
19/19
18/19
19/19
17/18
14/16
11/13
Category rows compare the Direct plans of 19 Banking & PSU funds. Rank 1 is the highest return. The benchmark row is as on 30-09-2026, as NSE published it.
DSP Banking and PSU Debt Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
2026to date
+2.34%
+2.11%
2025
+7.13%
+6.82%
2024
+8.91%
+8.64%
2023
+6.98%
+6.71%
2022
+3.47%
+3.21%
2021
+3.37%
+3.10%
DSP Banking and PSU Debt Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 2,458 periods, one for each trading day from 16-09-2016 to 30-10-2026.
0%2%4%6%8%10%12%
DSP Banking and PSU Debt Fund (Direct)
Category average, 19 Banking & PSU funds
Jul 2014 to Jul 2017Mar 2016 to Mar 2019Dec 2017 to Dec 2020Sept 2019 to Sept 2022May 2021 to May 2024Jan 2023 to Jan 2026
DSP Banking and PSU Debt Fund (Direct)Category average, 19 Banking & PSU funds
0%
0%
Below 0%
6%
3%
0-5%
89%
96%
5-10%
5%
1%
10-15%
0%
0%
15-20%
0%
0%
20-25%
0%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
2,937
7.9%
2.0%
13.2%
0%
8.0%
51%
2 years
2,696
8.0%
3.3%
11.5%
0%
7.8%
52%
3 years
2,458
7.7%
4.4%
10.9%
0%
7.8%
41%
5 years
1,971
7.2%
5.7%
9.3%
0%
7.3%
38%
7 years
1,485
7.3%
6.3%
9.3%
0%
7.4%
29%
10 years
755
7.6%
6.7%
7.9%
0%
7.6%
50%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
146
7.9%
1.5%
14.6%
0%
7.7%
49%
2 years
134
7.8%
2.9%
12.4%
0%
7.8%
50%
3 years
122
7.5%
4.1%
11.3%
0%
7.4%
40%
5 years
98
7.1%
5.8%
9.6%
0%
7.2%
30%
7 years
74
6.8%
6.2%
9.2%
0%
6.9%
28%
10 years
38
7.1%
6.6%
7.5%
0%
7.2%
13%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 19 Banking & PSU funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.
DSP Banking and PSU Debt Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
DSP Banking and PSU Debt Fund (Direct)This fund
Category average
Return (CAGR)
+2.97%
+4.04%
Standard deviation
1.65%
1.18%
Sharpe ratio
-1.38
-1.02
Sortino ratio
-1.81
-1.39
Maximum drawdown
−1.2%
(27-10-2026)
−0.54%
(02-04-2026)
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.
Measure
DSP Banking and PSU Debt Fund (Direct)This fund
Category average
Return (CAGR)
+6.60%
+6.89%
Standard deviation
1.38%
1.00%
Sharpe ratio
0.42
0.87
Sortino ratio
0.60
1.29
Maximum drawdown
−1.2%
(27-10-2026)
−0.54%
(02-04-2026)
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.
Measure
DSP Banking and PSU Debt Fund (Direct)This fund
Category average
Return (CAGR)
+5.87%
+6.19%
Standard deviation
1.20%
0.98%
Sharpe ratio
0.06
0.39
Sortino ratio
0.08
0.54
Maximum drawdown
−1.2%
(27-10-2026)
−0.91%
(05-05-2022)
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.
Measure
DSP Banking and PSU Debt Fund (Direct)This fund
Category average
Return (CAGR)
+6.73%
+6.96%
Standard deviation
1.68%
1.60%
Sharpe ratio
0.79
0.98
Sortino ratio
1.27
1.59
Maximum drawdown
−3.0%
(23-03-2020)
−3.2%
(23-03-2020)
From daily NAVs, 28-10-2016 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.
Measure
DSP Banking and PSU Debt Fund (Direct)This fund
Category average
Return (CAGR)
+7.60%
+7.64%
Standard deviation
1.55%
1.44%
Sharpe ratio
1.07
1.18
Sortino ratio
1.71
1.92
Maximum drawdown
−3.0%
(23-03-2020)
−3.2%
(23-03-2020)
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.
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.
−4%−3%−2%−1%0%
DSP Banking and PSU Debt Fund (Direct)
Category average, 19 Banking & PSU funds
2014201620182020202220242026
DSP Banking and PSU Debt Fund (Direct)Category average, 19 Banking & PSU funds
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%
Category average
−3.2%
06-03-2020
23-03-2020
20-04-2020
28 days
−0.37%
From the Direct plan's daily NAV since 16-09-2013, adjusted for unit splits, and the average of the 19 Banking & PSU funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
DSP Banking and PSU Debt Fund vs Other Banking & PSU Funds
The five Banking & PSU funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
DSP Banking and PSU Debt Fund Expense Ratio and Costs
What each plan charges a year, in force from 01-09-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Banking & PSU median
Cost rank (1 = cheapest)
Direct
0.28%
0.01%
0.00%
0.05%
0.34%
0.36%
7/19
Regular
0.51%
0.01%
0.00%
0.09%
0.61%
0.70%
3/19
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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Banking & PSU funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
2.69%
2.97%
0.28%
₹1,02,690
₹1,02,970
3 years
6.32%
6.60%
0.28% a year
₹1,20,184
₹1,21,136
5 years
5.59%
5.87%
0.28% a year
₹1,31,254
₹1,33,004
10 years
6.44%
6.73%
0.29% a year
₹1,86,659
₹1,91,807
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
DSP Banking and PSU Debt Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹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
Direct planDSP Banking and PSU Debt Fund (Direct)
₹15,80,000
₹25,23,063
₹9,43,063
6.8%
Regular planDSP Banking and PSU Debt Fund (Regular)
Direct planDSP Banking and PSU Debt Fund (Direct)Regular planDSP Banking and PSU Debt Fund (Regular)Category averageCategory average, 19 Banking & PSU fundsAmount invested
From each plan's published NAV (Growth option) and the category average, 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 Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
99.3%Debt
Asset
Fund
Category
Debt
99.3%
91.5%
Cash and others
0.7%
8.5%
Credit rating
Bonds and money market papers by credit rating, % of the fund. Category: the average of 19 Banking & PSU funds.
Rating
Fund
Category
Sovereign
12.3%
8.9%
AAA and A1+
87.0%
81.8%
DSP Banking and PSU Debt Fund Portfolio Holdings
As on 30-09-2026 · 43 holdings · from the fund house's monthly portfolio
Holdings
Rating
Weight%
HDFC Bank Limited · Bond
CRISIL AAA
4.96%
Union Bank of India · Certificate of deposit
ICRA A1+
4.59%
Bharti Telecom Limited · Bond
CRISIL AAA
4.10%
GAIL (India) Limited · Bond
IND AAA
4.07%
Bharti Telecom Limited · Bond
CRISIL AAA
4.02%
Small Industries Development Bank Of India · Bond
CRISIL AAA
3.96%
Export-Import Bank Of India · Bond
CRISIL AAA
3.94%
Small Industries Development Bank Of India · Bond
CRISIL AAA
3.87%
7.08% Haryana SDL 26032039 · State government security
Sovereign
3.79%
National Housing Bank · Bond
IND AAA
2.96%
Power Grid Corporation of India Limited · Bond
CRISIL AAA
2.95%
Power Finance Corporation Limited · Bond
CRISIL AAA
2.93%
REC Limited · Bond
CRISIL AAA
2.92%
Tata Capital Housing Finance Limited · Bond
CRISIL AAA
2.90%
HDFC Bank Limited · Bond
CRISIL AAA
2.88%
Punjab National Bank · Certificate of deposit
CRISIL A1+
2.81%
6.90% GOI 15042065 · Government security
Sovereign
2.69%
Power Finance Corporation Limited · Bond
CRISIL AAA
2.41%
Indian Railway Finance Corporation Limited · Bond
CRISIL AAA
2.12%
National Bank for Financing Infrastructure and Development · Bond
CRISIL AAA
2.10%
Power Finance Corporation Limited · Bond
CRISIL AAA
2.04%
7.32% GOI 13112030 · Government security
Sovereign
2.01%
Power Finance Corporation Limited · Bond
CRISIL AAA
2.00%
Indian Railway Finance Corporation Limited · Bond
CRISIL AAA
1.99%
Power Grid Corporation of India Limited · Bond
CRISIL AAA
1.98%
REC Limited · Bond
CRISIL AAA
1.98%
Power Grid Corporation of India Limited · Bond
CRISIL AAA
1.96%
State Bank Of India · Bond
IND AAA
1.94%
7.43% Maharashtra SDL 03122040 · State government security
Sovereign
1.90%
State Bank Of India · Bond
ICRA AAA
1.87%
REC Limited · Bond
ICRA AAA
1.85%
State Bank Of India · Bond
CRISIL AAA
1.23%
Export-Import Bank Of India · Bond
CRISIL AAA
1.01%
REC Limited · Bond
ICRA AAA
1.00%
REC Limited · Bond
CRISIL AAA
0.98%
6.94% GOI 11052036 · Government security
Sovereign
0.98%
Indian Railway Finance Corporation Limited · Bond
CRISIL AAA
0.97%
National Bank for Financing Infrastructure and Development · Bond
CRISIL AAA
0.96%
NTPC Limited · Bond
CRISIL AAA
0.96%
REC Limited · Bond
CRISIL AAA
0.96%
7.17% Gujarat SDL 04022032 · State government security
Sovereign
0.96%
Power Finance Corporation Limited · Bond
CRISIL AAA
0.78%
SBI Funds Management Pvt Limited/Fund Parent
0.47%
DSP Banking and PSU Debt Fund Portfolio Overlap
Funds with the most similar portfolios, across every fund house and category
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
DSP Banking and PSU Debt Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.34%
Expense ratio (Regular)
0.61%
Category
Banking & PSU
Risk
Moderate
Benchmark
NIFTY Banking & PSU Debt Index A-II
Launch date
14-09-2013
Minimum investment
₹100
Minimum additional investment
₹100
AUM
₹2,589.89 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
124175
ISIN (Direct)
INF740K01ZW2
Scheme code (Regular)
124172
ISIN (Regular)
INF740K01ZP6
NAV history
From 16-09-2013, 13.1 years
Exit load
Nil
Tax on DSP Banking and PSU Debt Fund returns
DSP Banking and PSU Debt Fund is taxed as a debt fund: 65% or more of it is in bonds and money market papers.
For units bought on or after 01-04-2023, the gain is added to your income and taxed at your slab rate, however long you hold the units.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Growth
₹26.1729
30-10-2026
direct
IDCW
₹10.5628
30-10-2026
direct
Daily IDCW Reinvestment
₹10.0809
30-10-2026
direct
Monthly IDCW
₹10.35
30-10-2026
direct
Quarterly IDCW
₹10.3718
30-10-2026
direct
Weekly IDCW
₹10.0805
30-10-2026
regular
Growth
₹25.186
30-10-2026
regular
IDCW
₹10.5425
30-10-2026
regular
Daily IDCW Reinvestment
₹10.0748
30-10-2026
regular
Monthly IDCW
₹10.3306
30-10-2026
regular
Quarterly IDCW
₹10.3601
30-10-2026
regular
Weekly IDCW
₹10.0742
30-10-2026
About DSP Banking and PSU Debt Fund
DSP Banking and PSU Debt Fund is a mutual fund from DSP Mutual Fund. Its category is Banking & PSU. It was launched on 14-09-2013. Its benchmark is NIFTY Banking & PSU Debt Index A-II. At the end of September 2026 it held 43 securities.
Fund Manager
Shantanu Godambe
Fund manager of DSP Banking and PSU Debt Fund, since 01-06-2023
Sandeep Yadav
Fund manager of DSP Banking and PSU Debt Fund, since 01-08-2024
Frequently Asked Questions for DSP Banking and PSU Debt Fund
What is the current NAV of DSP Banking and PSU Debt Fund?
The Direct plan NAV is ₹26.1729. The Regular plan NAV is ₹25.186, as on 30-10-2026.
What are the returns of DSP Banking and PSU Debt Fund?
The Direct plan returned +2.97% in 1 year, +6.60% a year over 3 years, +5.87% a year over 5 years. The Regular plan returned +2.69% in 1 year, +6.32% a year over 3 years, +5.59% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of DSP Banking and PSU Debt Fund?
The Direct plan charges 0.34% a year. The Regular plan charges 0.61% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.
What is the AUM of DSP Banking and PSU Debt Fund?
DSP Banking and PSU Debt Fund managed ₹2,589.89 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of DSP Banking and PSU Debt Fund?
At the end of September 2026 the largest holdings were 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%). The fund held 43 securities in all.
How do I invest in DSP Banking and PSU Debt Fund?
Through DSP Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹100. You can invest once or through a monthly SIP.
Who is the fund manager of DSP Banking and PSU Debt Fund?
What is the exit load of DSP Banking and PSU Debt Fund?
Nil
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
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.
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