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DSP Nifty Bank ETF

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Benchmark: Nifty Bank TRI info icon
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Return:

This fund

%

Nifty Bank TRI

%

NIFTY 50 TRI

%

Invested

Earning

This fund

%

Nifty Bank TRI

%

NIFTY 50 TRI

%

This is an Exchange Traded Fund Sectoral/Thematic, Index fund with Nifty Bank TRI as its benchmark. The risk level for this fund is categorized as Very High Risk.

Total AUM

201.73 crores as of May 31, 2024

Age of Fund

1 years 5 months since Dec 26, 2022

Expense Ratio

0.16% as of Jun 13, 2024

Exit Load

Nil  

Goal of Investment

Capital Growth & Income

Ideal holding period

10 Years+

Rolling Returns

Bars show distribution of returns in given range for selected time period.

View performance details

Things to know before you invest

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What is in DSP Nifty Bank ETF?

  1. The DSP NIFTY Bank ETF is an open-ended scheme replicating/ tracking Nifty Bank Index. It invests in 12 most liquid and large-cap bank stocks that form part of the Nifty Bank Index in the same proportion as that of the index.
  1. The Banking sector in the last few quarters has seen improvement in credit growth and net interest margins. Non-performing assets are at cyclicals lows. Balance sheets are in pink of health. Despite the recent run-up in prices, valuations are relatively favourable.
  2. Economies cannot flourish without banks. In fact, banking has been in existence since the 15th century and their need has only expanded with modernisation and globalisation.
  3. Banks currently contribute 24%* in the Nifty 50 index profits. The is highest profit pool held by any single sector.
  4. Nifty Bank index has earned 19.2%^ CAGR return in the last 23 years. It has outperformed the Nifty 50 Index 98%^ of the times on a 10-year rolling return basis.
  5. DSP Nifty Bank ETF invests in 12 large-cap bank stocks of the Nifty Bank Index, that constitutes 78% Private and 22% Public banks, providing an optimal diversification of the banking portfolio.
  1. Consider this fund if you
    • If you are looking for a low-cost way to invest in leading banks.
    • If you want to invest in established banking stocks.
    • If you have an investment horizon of more than 7 years.
  1. Expect fluctuations and even negative returns, especially during periods of short-term market volatility.
  2. Being a single sector-based fund, DSP Nifty Bank ETF comes with high risk.
  3. This investment will deliver returns in line with index returns subject to tracking error.

Fund managers:

Anil Ghelani

Anil Ghelani

December 2022
December 2022

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Diipesh Shah

Diipesh Shah

December 2022
December 2022

right arrow iconSee funds managed by him

Portfolio

Prescribed asset allocation: 95% - 100% Equity and Equity Related Securities of companies constituting Nifty Bank Index, the Underlying Index , 0% - 5% Cash and Cash Equivalents

Current Allocation

as of May 31, 2024

Top holdings

HDFC Bank Limited

29.25%

ICICI Bank Limited

23.2%

Axis Bank Limited

9.72%

State Bank of India

9.61%

Kotak Mahindra Bank Limited

8.18%

Top holdings

No Data to display

Top holdings

TREPS / Reverse Repo Investments

0.03%

Cash & cash equivalents

0.56%

Credit rating profile

Cash & Equivalent

100.00%

Instrument break-up

TREPS

100.00%


Indicators

Tracking Error

0.21 %

Tracking Error (Abs.)

0.013 %



Compare Performance

  • Historical Returns (As per SEBI format)as of with investment of10,000

This fund Nifty Bank TRI ^ NIFTY 50 TRI # Tracking difference
CAGR Current Value CAGR Current Value CAGR Current Value

Income distribution Cum Capital Withdrawal (IDCW) Distributed

Record Date IDCW per unit NAV Before NAV After

Chart type:

Invested as

Invested Amount

Invested period

Funds Minimum Median Maximum % times -ve returns % times returns > 7%

Date of allotment: Dec 26, 2022.

Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement

Since inception returns have been calculated from the date of allotment till June 30, 2021

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

^ Fund Benchmark # Standard Benchmark

Fund Details

Fund Details

Investment Objective

The Scheme seeks to provide returns that, before expenses, correspond to the total return of the underlying index (Nifty Bank Index), subject to tracking errors.
There is no assurance that the investment objective of the Scheme will be realized.

Fund Type

Exchange Traded Fund – Sectoral/Thematic
Index Fund

An open ended scheme replicating/ tracking Nifty Bank Index.

Riskometer

Level of Risk in the Scheme

View details

Other Information

NSE/BSE Symbol BANKETFADD
ISIN INF740KA1RX3
Bloomberg Code DBNKETF
Minimum Investment Through Stock Exchange - 1 Unit & in multiples thereof.

NSE Disclaimer:
It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Scheme Information Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Draft Scheme Information Document. The investors are advised to refer to the Scheme Information Document for the full text of the 'Disclaimer Clause of NSE'

BSE Disclaimer:
It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the SID has been cleared or approved by BSE Limited nor does it certify the correctness or completeness of any of the contents of the SID. The investors are advised to refer to the SID for the full text of the Disclaimer clause of the BSE Limited