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DSP Mutual Fund (MF) has launched DSP Banking & Financial Services Fund, an open-ended equity scheme investing in banking and financial services sector. The NFO opens for subscription on November 20, 2023 and closes on December 04, 2023. The Entry load and the Exit load is nil for the scheme. The minimum subscription amount is Rs 100 and any amount thereafter.

The performance of the scheme will be benchmarked against Nifty Financial Services TRI and its fund managers are Dhaval Gada (Equity portion) and Jay Kothari (Overseas Investment).

The investment objective of the scheme is to generate returns through investment in domestic and overseas equity and equity related securities of companies engaged in banking and financial services sector.