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DSP Nifty Private Bank ETF

DSP Nifty Private Bank ETF

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

Total AUM

143.21 crores as of Feb 29, 2024

Age of Fund

7 months since Jul 17, 2023

Expense Ratio

0.15% as of Mar 04, 2024

Exit Load

Nil  

Goal of Investment

Capital Growth & Income

Ideal holding period

10 Years+

Things to know before you invest

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What is in DSP Nifty Private Bank ETF?

  1. Simplicity - Buying / Selling ETFs is as simple as buying / selling any other stock on the exchange.
  2. Realtime Trading - ETFs allow investors to take benefit of intraday movements in the market, which is not possible with open-ended Funds.
  3. Low cost - The cost of investing in ETFs is generally lower than an active fund invested in the same market of assets.
  4. Seamless trading - Existing investors insulated from bearing transaction costs of other investors coming in or going out.
  5. Transparency - Holdings published daily, so investor always knows exactly what is owned.
  1. Share of Private Banks have been increasing in Banking sector & have doubled in last 18 years.
  2. Balance sheet of private banks have become stronger & are well-capitalised to support continued deposit & credit growth.
  3. ROE & ROA have improved significantly in last 3 years; Net NPAs are at 8 year low.
  4. Valuations of Nifty Private Bank Index is at attractive level when compared to history.
  5. Long term outperformance - Nifty Private Bank Index has grown by 26x vs 12x by Nifty 50 in last 18 years*.
  1. Consider this fund if you
    • If you value low-cost investing ideas.
    • If you are okay with the returns not beating the respective Index the ETF is tracking.
    • If you can stay invested for more than 5 years.
    • If you can time the sector based on market dynamic.
  1. Expect short term return fluctuations, especially during periods of market volatility?.
  2. Being a single sector based fund, DSP Nifty Private Bank ETF comes with high risk as well.

Fund managers:

Anil Ghelani

Anil Ghelani

Managing Since July 2023
Managing Since July 2023

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Diipesh Shah

Diipesh Shah

Managing Since July 2023
Managing Since July 2023

right arrow iconSee funds managed by him

Portfolio

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

Current Allocation

as of Feb 29, 2024

Top holdings

ICICI Bank Limited

28.02%

HDFC Bank Limited

23.32%

Axis Bank Limited

11.33%

IndusInd Bank Limited

10.82%

Kotak Mahindra Bank Limited

10.32%

Top holdings

No Data to display

Top holdings

TREPS / Reverse Repo Investments / Corporate Debt Repo

0.02%

Cash & cash equivalents

-0.03%

Credit rating profile

Cash & Equivalent

100.00%

Instrument break-up

TREPS

100.00%


Indicators

Tracking Error

0.06 %

Tracking Error (Abs.)

0.004 %



Compare Performance

Note: Under SEBI regulations, the performance of this scheme can’t be displayed as it has been in existence for less than 1 year.

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 Private Bank Index), subject to tracking error.
There is no assurance that the investment objective of the scheme will be achieved.

Fund Type

Exchange Traded Fund – Sectoral/Thematic
Index Fund

An open ended scheme replicating/ tracking Nifty Private Bank Index.

Riskometer

Level of Risk in the Scheme

View details

Other Information

NSE/BSE Symbol PVTBANKADD
ISIN INF740KA1TA7
Bloomberg Code DPVBETF
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