DSP Mutual Fund announces change in ETF symbols on BSE and NSE
Mumbai, February 15, 2024: DSP Mutual Fund announces a change in its ETF product symbols on BSE and NSE, so that investors can identify the ETF Schemes of the fund with ease. In total, the symbols of 10 ETFs of the Fund will be revised on both the Exchanges. This change is effective from today.
The details of the existing and revised symbols are as follows:
| Sr. No. | Scheme Name | ISIN | Old Symbol | New Symbol |
|---|---|---|---|---|
| 1. | DSP Nifty 50 Equal Weight ETF | INF740KA1QK2 | DSPNEWETF | EQUAL50ADD | 2. | DSP Nifty 50 ETF | INF740KA1CL0 | DSPN50ETF | NIFTY50ADD |
| 3. | DSP Nifty Midcap 150 Quality 50 ETF | INF740KA1QL0 | DSPQ50ETF | MIDQ50ADD |
| 4. | DSP Silver ETF | INF740KA1RE3 | DSPSILVETF | SILVERADD |
| 5. | DSP Nifty Bank ETF | INF740KA1RX3 | DSPBANKETF | BANKETFADD |
| 6. | DSP Gold ETF | INF740KA1SW3 | DSPGOLDETF | GOLDETFADD |
| 7. | DSP NIFTY IT ETF | INF740KA1SX1 | DSPITETF | ITETFADD |
| 8. | DSP S&P BSE Sensex ETF | INF740KA1SZ6 | DSPSENXETF | SENSEXADD |
| 9. | DSP Nifty Private Bank ETF | INF740KA1TA7 | DSPPVBKETF | PVTBANKADD |
| 10. | DSP Nifty PSU Bank ETF | INF740KA1SY9 | DSPPSBKETF | PSUBANKADD |
"We at DSP are always looking for simplicity in all our offerings of products as well as services to our investors. The new symbols will help investors in more conveniently identifying the underlying investment or index and selecting the relevant ETFs. In our view the same would be simple and action oriented for the investor," said Anil Ghelani, CFA, Head – Passive Investments & Products, DSP Mutual Fund.
"Over the past many years as we have launched multiple ETFs across market cap and across asset classes, the ticker code or symbols appear different and can at times become a bit confusing to understand the underlying index that the ETF is tracking. Hence, we feel there was a need to simplify our existing symbols,” said Gurjeet Singh Kalra, Business Head – Passive Funds, DSP Mutual Fund.
About DSP Mutual Fund
DSP Mutual Fund has an over 25-year track record of investment excellence. Today, we have the honor of managing money for over 35 lakh investors from all walks of life: hard-working salaried individuals, high-net-worth individuals, NRIs, small and mid-sized business owners, large private & public corporations, trusts and foreign institutions. We take great pride in knowing that we play a key role in the creation of wealth for all our investors and will always continue to be an organization with a purpose - it is our responsibility to make a real difference to the lives of our investors.
DSP Mutual Fund is backed by the 160+ year old DSP Group. Over the past one and a half centuries, the family behind the Group has been very influential in the growth and professionalization of capital markets and money management business in India. DSP Group is currently headed by Mr. Hemendra Kothari.
Our investors’ interests will always remain at the core of our business, and we will continue to maintain a relentless focus on doing what is best for them, as they #InvestForGood. Visit us on dspim.com for more.
