DSP launches three ETFs: DSP S&P BSE Sensex ETF, DSP Nifty Private Bank ETF, and DSP Nifty PSU Bank ETF. DSP S&P BSE Sensex ETF replicates the S&P BSE Sensex Index, providing investors with exposure to India’s fast-growing economy and favorable economic conditions. DSP Nifty Private Bank ETF tracks the Nifty Private Bank Index, offering a long-term structural growth story in Indian Private Sector Banks. DSP Nifty PSU Bank ETF offers a tactical bet on PSU Bank revival.
The S&P BSE Sensex Index tracks earnings over the long term, capturing sector trends and rotations to represent the current economy. It is diversified across sectors and has a large-cap orientation. Private banks in India have experienced structural growth, with their market share doubling in the last 18 years.
Their balance sheets have become stronger, and their financial ratios have been rising sharply. Credit and deposit growth has also been strong, and net non-performing assets (NPAs) are at an 8-year low. Anil Ghelani, CFA, Head – Passive Investments & Products, DSP Mutual Fund said, “The India growth story has given rise to many opportunities for investors for a successful long-term investing experience.”
