DSP Mutual Fund launches DSP Nifty Private Bank Index Fund

NFO period: 14^th February – 28^th February, 2025

Highlights of the NFO:

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


• Investment objective – The investment objective of the scheme is to generate returns that are commensurate with the performance of the Nifty Private Bank Index, subject to tracking error. There is no assurance that the investment objective of the scheme will be achieved.


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


• Minimum Application Amount – Rs. 100/– and any amount thereafter


• Plan/ Options available – Regular Plan and Direct Plan having Growth Option and Income Distribution cum Capital Withdrawal (IDCW) Option. Payout of Income Distribution cum Capital Withdrawal (‘IDCW’) and Reinvestment of Income Distribution cum Capital Withdrawal (‘IDCW’).


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


• Benchmark – Nifty Private Bank TRI (Total Returns Index)