COMPARE
DSP Banking & Financial Services Fund - Direct - Growth vs Groww Banking & Financial Services Fund - Direct Plan - Growth
DSP Banking & Financial Services Fund and Groww Banking & Financial Services Fund are both in the Sectoral Fund category, from DSP Asset Managers Private Limited and Groww Asset Management Limited respectively. DSP Banking & Financial Services Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
DSP Banking & Financial Services Fund has the lower direct-plan expense ratio, by 0.45 percentage points.
| DSP Banking & Financial Services Fund - Direct - Growth | Groww Banking & Financial Services Fund - Direct Plan - Growth | |
|---|---|---|
| Category | Sectoral Fund | Sectoral Fund |
| AMC | DSP Asset Managers Private Limited | Groww Asset Management Limited |
| Benchmark | Nifty Financial Services TRI | Nifty Financial Services TRI |
| NAV | ₹14.117 (2026-10-28) | ₹12.2468 (2026-10-28) |
| AUM | ₹2,014.128 Cr | ₹89.44 Cr |
| Expense Ratio (Direct) | 0.81% | 1.26% |
| Inception | 2023-11-20 | 2024-01-17 |
Returns
Risk Metrics
This fund is less than three years old, so a three-year risk history does not exist yet.
Portfolio Analytics
Groww Banking & Financial Services 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 | Groww Banking & Financial Services Fund - Direct Plan - Growth | |
|---|---|---|
| P/E Ratio | 19.7956 | 21.9532 |
| P/B Ratio | - | - |
| Dividend Yield | 0.7625% | 0.4923% |
| Active Share | 53.04% | 81.31% |
| Portfolio Turnover | 64.8% | - |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
DSP Banking & Financial Services Fund and Groww Banking & Financial Services Fund carry the same Punji Quality grade.
Frequently asked questions
Which has a lower expense ratio, DSP Banking & Financial Services Fund or Groww Banking & Financial Services Fund?
DSP Banking & Financial Services Fund's direct-plan expense ratio is 0.45 percentage points lower than Groww 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.
Why don't DSP Banking & Financial Services Fund and Groww Banking & Financial Services Fund show risk metrics like Sharpe ratio or alpha?
This fund is less than three years old, so a three-year risk history does not exist yet. This is a deliberate methodology choice, not missing data - risk metrics like alpha and Sharpe ratio are most meaningful for actively-managed funds where a manager makes decisions that can add or subtract value versus a benchmark. For a fund that mechanically tracks an index, the equivalent useful metric is tracking error (how closely it follows its index), not alpha.
Which has higher AUM, DSP Banking & Financial Services Fund or Groww Banking & Financial Services Fund?
DSP Banking & Financial Services Fund has ₹2,014 Cr in assets under management, versus ₹89 Cr for Groww 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 Groww Banking & Financial Services Fund?
DSP Banking & Financial Services Fund launched on 2023-11-20, making it older than Groww Banking & Financial Services Fund (launched 2024-01-17). 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.