Mutual Fund news: DSP MF launches three open-ended exchange-traded funds (ETFs). Details here
Mutual Fund announced the launch of three open-ended exchange-traded funds (ETFs) DSP S&P BSE Sensex ETF, DSP Nifty Private Bank ETF, and DSP Nifty PSU Bank ETF. These ETFs offer investors opportunities to invest in the Indian markets, private sector banks, and PSU banks respectively.
The New Fund Offer (NFO) is open for subscription from July 17th to July 21st, 2023 DSP S&P BSE Sensex ETF replicates/tracks the S&P BSE Sensex Index and offers investors the opportunity to invest in the Indian markets – one of the fastest growing economies with conducive economic and capex conditions. DSP Nifty Private Bank ETF replicates/tracks the Nifty Private Bank Index, offering investors a long-term structural growth story in Indian Private Sector Banks. DSP Nifty PSU Bank ETF replicates/tracks the Nifty PSU Bank Index and offers investors a tactical bet on a revival in PSU Banks.
“The India growth story has given rise to many opportunities for investors for a successful long-term investing experience. Our offerings in the ETF space give investors the choice to do so by tracking the broader market passively at a relatively lower cost to achieve their financial goals, ride the strong structural growth story of private sector banks or benefit from a likely re-rating of PSU banks depending on their financial plan and risk tolerance." says Anil Ghelani, CFA, Head – Passive Investments & Products, DSP Mutual Fund.
The S&P BSE Sensex Index closely tracks earnings over the long term and the index captures the sector trends and rotations to represent the current economy. The index is also diversified across sectors and has a large–cap orientation.
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