DSP Mutual Launches 3 Open-Ended ETFs

Share post:

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.


Maintain Your Horses! A Space Bitcoin ETF May perhaps well also Already Be Priced into Crypto.

There is a growing belief that the recent price surge in bitcoin could already factor in the potential approval of a spot Bitcoin ETF- a pivotal strategic investment move that holds significant influence in the crypto market. Investors and financial enthusiasts alike are keenly awaiting regulatory approval, a decision that could potentially catalyze the future growth trajectory of bitcoin prices. This speculation underscores not only the potential value that bitcoin holds as a digital asset but also the evolving role of institutional reactiveness in the cryptocurrency landscape.

Tim Draper’s Bold Prediction: Bitcoin (BTC) Price Set to Skyrocket to $250K!

In the world of finance, Bitcoin is increasingly recognized as a transformative force. With the potential to challenge...

Bitcoin ETF: Navigating the Perils of SEC Rejection and Fierce Opposition from Funds

A recent court order has directed the Securities and Exchange Commission (SEC) to reconsider its denial of Grayscale's...

Nike’s Shocking 10% Plunge: Sales Outlook Slashed

Nike, a leading athletic apparel⁢ company, ⁣recently announced plans to reduce costs by $2 ‍billion over the next...