DSP Mutual Fund files offers document for Nifty PSU Bank ETF
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DSP Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘DSP Nifty PSU Bank ETF'. The New Fund Offer price is Rs 10. Entry load and Exit load will be nil. The Scheme does not provide any option for investment, and no maximum subscription amount for the Scheme to be raised.
The performance of the scheme is benchmarked against Nifty PSU Bank TRI. The minimum application amount is Rs 5000 in multiples of Re.1
The investment objective of the scheme is to provide returns that, before expenses, correspond to the total return of the underlying index (Nifty PSU Bank Index).
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