DSP Nifty Bank ETF

The DSP Nifty Bank ETF, managed by DSP Asset Managers, is an open-ended scheme designed to replicate the Nifty Bank Index, focusing specifically on the banking sector.

This ETF employs a strategy of tracking the Nifty Bank TRI, demonstrating low tracking error at 0.02%, ensuring efficient alignment with its benchmark performance.

With an AUM of ₹638 Cr, the portfolio is heavily concentrated in leading banks, with HDFC Bank and ICICI Bank comprising over 54% of total holdings, indicating potential concentration risks.

Over the past year, the fund has delivered a return of 1.9%, showcasing moderate performance; however, longer-term CAGR data is unavailable to fully assess consistency.

The fund incurs a low expense ratio of 0.15%, enhancing its appeal, while the experienced management team led by Anil Ghelani and Diipesh Shah supports operational efficiency.