COMPARE
DSP Banking & Financial Services Fund - Direct - Growth vs DSP Healthcare Fund - Direct Plan - Growth
DSP Banking & Financial Services Fund and DSP Healthcare Fund are both in the Sectoral Fund category, from DSP Asset Managers Private Limited. DSP Healthcare Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
DSP Healthcare Fund has the lower direct-plan expense ratio, by 0.06 percentage points.
| DSP Banking & Financial Services Fund - Direct - Growth | DSP Healthcare Fund - Direct Plan - Growth | |
|---|---|---|
| Category | Sectoral Fund | Sectoral Fund |
| AMC | DSP Asset Managers Private Limited | DSP Asset Managers Private Limited |
| Benchmark | Nifty Financial Services TRI | BSE Healthcare TRI |
| NAV | ₹14.117 (2026-10-28) | ₹49.984 (2026-10-28) |
| AUM | ₹2,014.128 Cr | ₹3,596.141 Cr |
| Expense Ratio (Direct) | 0.81% | 0.75% |
| Inception | 2023-11-20 | 2018-11-12 |
Returns
Risk Metrics
DSP Banking & Financial Services Fund has been the more volatile of the two by standard deviation.
| DSP Banking & Financial Services Fund - Direct - Growth | DSP Healthcare Fund - Direct Plan - Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.32 | 0.89 |
| 3Y Alpha | 4.2022% | 2.0217% |
| 3Y Std Deviation | 15.5624% | 13.4512% |
| 3Y Calmar Ratio | 0.82 | 1.18 |
Portfolio Analytics
DSP Healthcare Fund carries the higher portfolio P/E ratio (a rougher proxy for how richly the underlying holdings are valued) - see the table below for the full comparison.
| DSP Banking & Financial Services Fund - Direct - Growth | DSP Healthcare Fund - Direct Plan - Growth | |
|---|---|---|
| P/E Ratio | 19.7956 | 40.2327 |
| P/B Ratio | - | - |
| Dividend Yield | 0.7625% | 0.6431% |
| Active Share | 53.04% | 67.59% |
| Portfolio Turnover | 64.8% | 63% |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
DSP Banking & Financial Services Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a lower expense ratio, DSP Banking & Financial Services Fund or DSP Healthcare Fund?
DSP Healthcare Fund's direct-plan expense ratio is 0.06 percentage points lower than DSP Banking & Financial Services Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, DSP Banking & Financial Services Fund or DSP Healthcare Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), DSP Banking & Financial Services Fund has been more volatile than DSP Healthcare Fund over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (0.32 for DSP Banking & Financial Services Fund vs 0.89 for DSP Healthcare Fund) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, DSP Banking & Financial Services Fund or DSP Healthcare Fund?
DSP Healthcare Fund has ₹3,596 Cr in assets under management, versus ₹2,014 Cr for DSP Banking & Financial Services Fund. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, DSP Banking & Financial Services Fund or DSP Healthcare Fund?
DSP Healthcare Fund launched on 2018-11-12, making it older than DSP Banking & Financial Services Fund (launched 2023-11-20). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.