Investment type
DSP Nifty Bank Index Fund - Direct (G) is a mutual fund under the Index Funds category, managed by DSP Mutual Fund. It was launched on 13 May 1996, and has been active for over 29 years. As of 31 Mar 2025 the fund manages assets worth ₹52 Crores. The expense ratio is 0.2%.
This fund generated returns of 9.3% in the last 1 year. Since its inception, it has provided an average annual return of 16.42%.
The fund's investments are mainly concentrated in sectors like Banks and Debt.
The top five holdings in this fund include prominent companies such as HDFC Bank, ICICI Bank, Axis Bank, St Bk of India and Kotak Mah. Bank.
The investment objective of the Scheme is to generate returns that are commensurate with the performance of the Nifty Bank Index, subject to tracking error. There is no assurance that the investment objective of the Scheme will be achieved.
Index funds are generally low-risk as they spread investments across an entire market index, reducing the impact of individual stock volatility.
Yes, if you’re looking for a low-cost way to invest in the market and are comfortable with moderate returns that match market trends.
Ideally, you should stay invested for the long term, as index funds perform best over extended periods.
Yes, index funds are open-ended, so you can withdraw at any time, but it's best to hold them long-term.
Index funds usually have low expense ratios due to passive management, often ranging from 0.1% to 0.5%.
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