DSP Nifty Bank ETF (BANKETFADD)

The DSP Nifty Bank ETF is an Exchange Traded Fund (ETF) that seeks to replicate the Nifty Bank Index, investing in 12 most liquid and large-cap bank stocks in the same proportion as that of the index. Launched by DSP Mutual Fund Company in January 2023, the objective of this ETF is to provide returns that closely correspond to the total returns of securities represented by the Nifty Bank Index. The Nifty Bank Index is a market capitalization-weighted index that tracks the performance of the top liquid banking stocks in India, designed to represent the overall performance of the banking sector in the country. This ETF is suitable for investors seeking long-term capital appreciation and portfolio diversification, as it provides exposure to the Indian banking sector and its movement.

Owner: DSP Mutual Fund
Ticker: BANKETFADD
Price: ₹56.27 per unit as on 13 Jun, 2025 04:01 PM
Asset Under Management AUM: ₹694.30Cr as of today
Expense Ratio: 0.15% as of today