DSP Banking & Financial Services Fund NFO: Key details you need to know

20 Nov 2023 , 01:44 PM

DSP Mutual Fund is launching NFO under its “Sectoral category”, named as DSP Banking & Financial Services Fund. The investment objective of the scheme is to seek to generate returns through investment in domestic and overseas equity and equity related securities of companies engaged in banking and financial services sector.

Investment strategy: The Investment Manager prefers adopting a top-down approach with regard to investment in equity and equity related securities. This approach encompasses an evaluation of key economic trends and a diligent study of various investment opportunities within the specified sectors in each scheme.

Asset allocation: The scheme will invest in equity and equity related securities of banking and financial services companies.

Who should invest?

Investors with very high risk appetite and want to invest for 5 years to diversify their portfolio in banking and financial stocks should invest in DSP Bank and Financial Services Fund. 

Risk associated: Very high level of risk.

Benchmark: Nifty Financial Services TRI.

Fund Managers: Mr. Dhaval Gada, Mr Jay Kothari.

The NFO is available for subscription from November 20 to December 04. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 100/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in DSP Bank and Financial Services Fund.