The variety in banking and financial sector mutual funds and which one to pick

DSP Mutual Fund announced the launch of open-ended exchange-traded funds: DSP Nifty Private Bank ETF and DSP Nifty PSU Bank ETF. The new fund offer of Mirae Asset Nifty Bank ETF closes on July 18. The new fund offer of Bandhan Financial Services Fund is open till July 24. Fund houses have launched new schemes focussed on the banking, financial services and insurance (BFSI) sector. The plethora of choices may be confusing, but investors need to understand what they are buying and not focus on past returns.

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