DSP Mutual Fund launches DSP Nifty PSU Bank ETF

NFO period: 17^th July – 21^st July, 2023

Highlights of the NFO:

• Scheme type – An open ended scheme replicating/ tracking Nifty PSU Bank Index


• Investment objective – The scheme seeks to provide returns that, before expenses, correspond to the total return of the underlying index (Nifty PSU Bank TRI), subject to tracking errors. There is no assurance that the investment objective of the scheme will be achieved.


• Product suitability – The product is suitable for investors who are seeking long-term capital growth by investing in equity and equity related securities covered by Nifty PSU Bank Index, subject to tracking error.


• Minimum Application Amount – Rs. 5,000/- and in multiples of Re. 1/- thereof


• Plan/ Options available – Currently, there are no plan/options available under the scheme.


• Fund Managers – Mr. Anil Ghelani and Mr. Diipesh Shah


• Benchmark – Nifty PSU Bank TRI