DSP MF launches DSP Nifty Bank ETF

DSP MF has launched DSP Nifty Bank ETF, an open-ended scheme replicating/tracking the Nifty Bank Index.

Nifty Bank Index is diversified with a composition of 78% in private banks and 22% in public banks. It comprises a maximum of 12 banking stocks with no single stock having exposure of over 33%.

Talking about the ETF, Anil Ghelani, CFA, Head - Passive Investments & Products, DSP Investment Managers, said, “The banking sector is expected to see further value unlocking due to the fundamentals factors and that coupled with attractive valuations presents an attractive opportunity for investors. We would advise investors to consider this product with a long-term orientation as evidenced by the long-term performance of the Nifty Bank Index.”