The DSP Nifty Bank ETF, managed by DSP Asset Managers, is an open-ended scheme focused on replicating the Nifty Bank Index, targeting investors seeking exposure to the banking sector.

Utilizing a tracking approach aligned with the Nifty Bank TRI, the fund aims for efficient replication of index performance while maintaining a minimal tracking error of just 0.02%.

The portfolio is heavily concentrated in leading banks, with HDFC Bank and ICICI Bank comprising 54.5% of total assets, indicating potential risks from sector concentration.

Over the past year, the ETF has delivered a robust return of 15.7%, reflecting strong performance in the banking sector amid favorable market conditions.

With an AUM of ₹638 Cr and a low expense ratio of 0.15%, the fund offers cost-effective access to the banking sector, managed by experienced professionals Anil Ghelani and Diipesh Shah.