DSP Nifty Private Bank ETF NFO: Key details you need to know

17 Jul 2023 , 02:54 PM

DSP Mutual Fund is launching NFO under its “ETF category”, named as DSP Nifty Private Bank ETF. This open-ended fund aims to generate returns that, before expenses, correspond to the total return of the underlying index (Nifty Private Bank TRI), subject to tracking errors.

Investment strategy: The scheme will neither try to beat the index it tracks nor take active approach in times when markets seem to be over/under valued. The AMC does not make any judgments about the investment merit of a particular stock or a particular industry segment nor will it attempt to apply any economic, financial or market analysis.

Asset allocation: The Scheme will invest in Equity and Equity Related Securities of companies constituting Nifty Private Bank Index, the underlying Index and cash & cash equivalent.

Who should invest?

Investors with very high risk appetite and want to invest for 5 to 7 years in a mutual fund should invest in DSP Nifty Private Bank ETF. 

Risk associated: Very high level of risk.

Benchmark: NIFTY Private Bank Index

Fund Managers: Mr. Amil Ghelani and Mr. Diipesh Shah.

The NFO is available for subscription from July 17 to July 21. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 5000/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in DSP Nifty Private Bank ETF.