DSP Financial Services Sectoral Debt Fund
This is the Direct plan of DSP Financial Services Sectoral Debt Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
NAV history
Scorecard
Not ratedHow this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — this fund has no full year of NAV history yet. A rating needs at least a 1-year return to rank its performance against peers.
No 3-year record to rank on yet
Volatility 0.7% vs 15.7% category avg
0.3% expense vs 1.3% category avg
Not enough history for a rolling 3Y view
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- Less volatile than its Sectoral/ Thematic peers (0.7% vs 15.7%)
- Low expense ratio (0.28%) vs the Sectoral/ Thematic average of 1.27%
Concerns
No significant concerns identified.
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Sectoral/ Thematic)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.26% | -1.76% | +2.02% |
| 3M abs | — | -2.72% | — |
| 6M abs | — | +4.10% | — |
| 1Y CAGR | — | +2.08% | — |
| 3Y CAGR | — | +13.29% | — |
| 5Y CAGR | — | +11.39% | — |
Category average across peers in Sectoral/ Thematic (up to 255 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
Pick a longer period to plot the path.
1 monthly installments of ₹10,000 into DSP Financial Services Sectoral Debt Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Recent changes
Expense-ratio, fund-manager, exit-load and minimum-investment changes we've picked up in the last 30 days.
- Expense ratio down: 0.52% → 0.28%06 Oct 2026
Taxation
Taxed as debtThis is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.
Your income-tax slab — no LTCG or indexation benefit
Pick your slab to see the rate that applies to you.
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 30 Sep 2026 · AMC disclosure- Debt98.73%
- Cash & Equivalents1.27%
AMC Profile
DSP Mutual Fund is run by DSP Asset Managers, part of the DSP Group, a Mumbai financial firm whose broking lineage runs back to 1860. The house operated as a joint venture with BlackRock — and Merrill Lynch before it — until the DSP family bought out the foreign stake in 2018.
Fund Managers
KMKaran MundhraStart date not disclosed
Fund Manager- Fixed Income
BCOM. Charted Accountant (CA)
Over 16 years of experience as under: From April 01, 2023 onwards- Fund manager- DSPAM From May 1, 2021 to March 31, 2023- Fund manager- DSPIM From July 2016 to April 30, 2021- Dealer, Fixed Income – DSPIM. From February 2016 to July 2016 – Manager – Fixed Income - DSPIM From April 2012 to January 2016 – Manager - Fund Accounting – DSPIM
SVShalini VasantaStart date not disclosed
Fund Manager- Fixed Income
MBA (Finance); BA (Economics & Statistics Hons)
Over 12 years of Experience: From April 01, 2023 onwards: AVP, Fixed Income Investments - DSP Asset & Managers Private Limited From Jan 2017 to March 31, 2023 -AVP, Fixed Income Investments - DSP Investment Managers Private Limited From March 2012 – December 2016: Senior Credit Analyst - ICRA Limited
KKKunal KhudaniaStart date not disclosed
Fund Manager- Fixed Income
Chartered Accountant B.Com (Honors)
8 years of experience: From July 01, 2025 to present: Fund Manager (Fixed Income) DSP Asset Managers Private Limited From August 02, 2024 to present: Dealer (Fixed Income) – DSP Asset Managers Private Limited From April 01, 2023 to August 01, 2024: Credit Analyst – DSP Asset Managers Private Limited From August 16, 2022 to March 31, 2023: Credit Analyst – DSP Investment Managers Private Limited From March 17, 2017 to August 12, 2022 – Credit Analyst – Mirae Asset Investment Managers India Private Limited From July, 2016 to March, 2017 – Market Analyst – Futures First Info Services Private Limited
Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
Explore from here
DSP in the news
Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.
News by CNBC TV18 on TradingView, 2026-10-16 — cnbctv:14ef6344f094b:0
TradingView · 44m ago
Investing in small and mid caps? DSP Mutual Fund recommends SIPs or experienced fund managers
The Economic Times · 2d ago
SIPs may slow, but investors unlikely to give up without a significant correction: Kalpen Parekh
Livemint · 6d ago
DSP Mutual Fund Lists BSE Insurance ETF on BSE
Hubbis · 7d ago
Views on Post RBI MPC October 2026 by Sandeep Yadav, Executive Director and Head of Fixed Income, DSP Mutual Fund
Investment Guru India · 8d ago
Mid-cap and small-cap mutual funds have outperformed: Why should investors favour large-caps at this stage?
Livemint · 9d ago
India's long market correction could be setting up for reversal
Moneycontrol.com · 9d ago
Should you invest in Nifty 50 equal weight index mutual funds now? This 12-month ratio can help you decide
Livemint · 13d ago
Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Sectoral & Thematic funds
Sectoral and thematic funds must keep at least 80% in the equity of one sector (banking, pharma, technology) or one theme (consumption, manufacturing, ESG). That concentration is the point and the risk: with no mandate to diversify away from the sector, the fund rises and falls with it.
From the blog
Frequently asked questions
What is the NAV of DSP Financial Services Sectoral Debt Fund?
As of 15 Oct 2026, the NAV of DSP Financial Services Sectoral Debt Fund is ₹10.06 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has DSP Financial Services Sectoral Debt Fund delivered?
DSP Financial Services Sectoral Debt Fund has returned +0.57% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of DSP Financial Services Sectoral Debt Fund?
DSP Financial Services Sectoral Debt Fund charges an expense ratio of 0.28% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of DSP Financial Services Sectoral Debt Fund?
DSP Financial Services Sectoral Debt Fund's largest holdings are Bharti Telecom Limited (8.5%), Tata Capital Limited (7.7%), 8.05% Gujarat SDL 31012028 (7.5%), Kotak Mahindra Prime Limited (7.4%) and Sundaram Finance Limited (7.4%). Holdings are disclosed monthly and change over time.
How risky is DSP Financial Services Sectoral Debt Fund?
DSP Financial Services Sectoral Debt Fund sits at the moderate level on our estimate of SEBI's risk-o-meter scale, its trailing-3Y volatility (annualised) is 0.7% and its worst peak-to-trough fall in our sample was 0.1%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What is the benchmark of DSP Financial Services Sectoral Debt Fund?
DSP Financial Services Sectoral Debt Fund is benchmarked against the Crisil Financial Services Short Term Debt Index A-II.
Who manages DSP Financial Services Sectoral Debt Fund?
DSP Financial Services Sectoral Debt Fund is managed by Karan Mundhra, Shalini Vasanta and Kunal Khudania at DSP.
When was DSP Financial Services Sectoral Debt Fund launched, and what is its objective?
DSP Financial Services Sectoral Debt Fund was launched on 27 Aug 2026. its stated objective is: The primary investment objective of the Scheme is to seek to generate income and capital appreciation by primarily investing in a portfolio of high quality debt and money market securities that are issued by entity/undertakings in Financial Services sector. Both are as filed in the scheme's own Scheme Summary Document.
How is DSP Financial Services Sectoral Debt Fund taxed?
DSP Financial Services Sectoral Debt Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.