Business News

Mumbai, May 15, 2024.DSP Mutual Fund announced the launch of DSP Nifty Bank Index Fund,an open-ended scheme tracking Nifty Bank Index. The Fund offers investors an opportunity to get exposure to the 12 most liquid and large Indian banking stocks through a single fund. Nifty Bank Index is diversified with a composition of private as well as public sector banks.Historically, the Nifty Bank Index has delivered much better long-term returns compared to the broader Nifty 50 Index. Since January 2000, the Nifty Bank Index has grown 67 times compared to the Nifty 50 which grew 21 times over the same period. However, the Nifty Bank Index is currently witnessing the longest stretch of under performance compared to the Nifty 50 on a 5-year rolling basis which has led to it being relatively b...