DSP Mutual Fund has introduced the DSP Nifty Bank Index Fund. This innovative offering provides investors with a gateway to tap into the performance of the country’s top 12 banking giants through a single fund. The DSP Nifty Bank Index Fund, an open-ended scheme tracking the Nifty Bank Index, aims to leverage the historically superior returns of the banking sector compared to the broader market.
Over the last two decades, the Nifty Bank Index has surged an impressive 67 times, outpacing the Nifty 50’s growth of 21 times. Despite recent underperformance against the Nifty 50, the index is now poised for a potential resurgence, presenting investors with an attractive entry point.
Anil Ghelani, CFA, Head of Passive Investments & Products at DSP Mutual Fund, emphasized the fund’s alignment with India’s economic growth trajectory, recommending it particularly to investors with long-term horizons.With the New Fund Offer available for subscription from May 15th to May 27th, 2024, investors have a limited time to seize this opportunity. Gurjeet Kalra, Business Head of Passive Funds at DSP Mutual Fund, underscored the company’s commitment to expanding its product range to cater to diverse investor needs across asset classes.
