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DSP Nifty PSU Bank ETF

DSP Nifty PSU Bank ETF

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

Total AUM

35.67 crores as of May 31, 2024

Age of Fund

10 months since Jul 17, 2023

Expense Ratio

0.45% as of Jun 13, 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 PSU 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. PSU banks have started to outperform Private banks since 2021*.
  2. Revival is across PSU banks & not limited to 1-2 banks which visbile from last 1 year price returns & last 3 year ROEs.
  3. Net Interest Margins have improved significantly in last 3 years & NPA ratio is at 9 year low.
  4. PSU bank merger has strengthened balance sheet & credit growth; Valuations below historic average and strong balancesheet can lead to re-rating of theme.
  5. Representation of PSU bank in broader index is very low thus necessiate investing in ETF for investor seeking PSU bank exposure.
  1. Consider this fund if you
    • If you can time the sector based on market dynamic.
    • If you value low-cost investing ideas.
    • If you are okay with the returns not beating the respective Index the ETF is tracking.
  1. Expect short term return fluctuations, especially during periods of market volatility?.
  2. Being a single sector based fund, DSP Nifty PSU 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 PSU Bank Index, the underlying Index , 0% - 5% Cash and Cash Equivalents

Current Allocation

as of May 31, 2024

Top holdings

State Bank of India

34.04%

Bank of Baroda

15.07%

Canara Bank

12.1%

Punjab National Bank

11.76%

Union Bank of India

9.34%

Top holdings

No Data to display

Top holdings

TREPS / Reverse Repo Investments

0.06%

Cash & cash equivalents

0.55%

Credit rating profile

Cash & Equivalent

100.00%

Instrument break-up

TREPS

100.00%


Indicators

Tracking Error

0.12 %

Tracking Error (Abs.)

0.008 %



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 PSU 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 PSU Bank Index.

Riskometer

Level of Risk in the Scheme

View details

Other Information

NSE/BSE Symbol PSUBANKADD
ISIN INF740KA1SY9
Bloomberg Code DPSBETF
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