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DSP Mutual Fund has launched the DSP Banking and Financial Services Fund, an open-ended equity scheme that will invest in the banking and financial service sector.
The scheme will invest in shares of banking and financial services companies like NBFCs, life insurance companies, non-life insurance companies, AMCs and exchange platforms and depositories.
In a press release, Kalpen Parekh, MD & CEO, DSP MF said, “Companies in the BFSI sector have large profits compared to other sectors. The profit pool is also growing due to the addition of diverse businesses across insurance companies, mutual funds, wealth management firms, tech platforms supporting the industry, payments and fintech. In recent years, stocks in the BFSI space have corrected, thus increasing the margin of safety for an investor.”
