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DSP Mutual Fund has launched DSP Nifty Bank Index Fund, an open-ended scheme tracking Nifty Bank Index.
The underlying index invests in the top 12 Indian banks.
In a press release, Gurjeet Kalra, Business Head - Passive Funds, DSP Mutual Fund said, “DSP is a serious player in the passive investments segment with a dedicated investment team as well as business team. We are gradually expanding our product range and with this launch we will have 22 products available for your investment allocation across all asset classes – equity, debt, commodities and the entire market with a wide range of products of index funds, ETFs and rules based smart beta products.”
Anil Ghelani, CFA, Head – Passive Investments & Products, DSP Mutual Fund said, “A robust banking system is the key to economic growth and development, especially for a fast-growing country like India. We recommend this fund to investors with longer time horizons, especially based on the long-term performance of the Nifty Bank Index.”
