The DSP Nifty PSU Bank ETF, managed by DSP Asset Managers, is an open-ended scheme aimed at replicating the Nifty PSU Bank Index, focusing on sector-specific investments.

This ETF employs a tracking strategy aligned with the Nifty PSU Bank TRI, ensuring efficient replication of the index's performance, with a minimal tracking error of 0.09%.

The fund's portfolio is heavily concentrated in the banking sector, with top holdings like State Bank of India at 34.2% and Bank of Baroda at 14.7%, reflecting significant sector exposure.

Over the past year, the ETF has demonstrated impressive performance, achieving a return of 29.5%, showcasing its ability to capitalize on the sector's growth dynamics.

With an AUM of ₹101 Cr and a low expense ratio of 0.15%, the fund is positioned for cost-effective access, managed by experienced professionals since July 2023.