DSP MF introduces Nifty Bank ETF
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DSP Mutual Fund (MF) has launched DSP Nifty Bank ETF, an open-ended scheme replicating/ tracking Nifty Bank Index. The NFO opens for subscription on 26, 2022 and closes on December 28, 2022. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereof.
The performance of the scheme will be benchmarked against Nifty Bank TRI and its fund managers are Anil Ghelani and Diipesh Shah.
The investment objective of the scheme seeks to provide returns that, before expenses, correspond to the total return of the underlying index (Nifty Bank Index), subject to tracking errors.
