DSP Mutual Fund Launches DSP Nifty Private Bank Index Fund: A Focused Approach to India’s Private Banking Sector
Mumbai, February, 2025.DSP Mutual Fund today announced the launch of the DSP Nifty Private Bank Index Fund, an open-ended scheme replicating/tracking the Nifty Private Bank Indexaiming to provide investors with a focused approach to investing in the private banking sector.Investors who are bullish on the banking sectorcan invest in this fund, whose concentrated approach getsthem exposure to the four largest private banks whichcomprise approximately 80% of the index#. DSP believes that the concentration of larger banks within the Nifty Private Bank Index can be an advantage. Customers tend to trust & prefer larger banks more than other smaller peers. This facilitates higher credit growth, better access to capital and economies of scale – thereby helping these banks sustain and g...