DSP Mutual Launches 3 Open-Ended ETFs

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DSP Mutual Fund has announced the launch of three open-ended exchange-traded funds (ETFs) in India. The first fund, DSP S&P BSE Sensex ETF, will replicate the S&P BSE Sensex Index and offer investors exposure to the top 30 companies in India. The second fund, DSP Nifty Private Bank ETF, will track the Nifty Private Bank Index, providing investors with exposure to the long-term structural growth of Indian private sector banks. The third fund, DSP Nifty PSU Bank ETF, will replicate the Nifty PSU Bank Index and offer investors a tactical bet on the revival of public sector banks.

The new funds are open for subscription from July 17 to July 21, with a minimum investment amount of Rs. 5,000. Anil Ghelani, CFA, head of passive investments & products at DSP Mutual Fund, highlighted that these ETFs provide investors with options to track the broader market, benefit from the growth of private sector banks, or capitalize on the potential re-rating of PSU banks. The funds are suitable for investors seeking long-term capital growth in equity-related securities covered by the respective indices.

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