DSP MF launches Nifty Private Bank Index Fund, will track 4 pvt lenders

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DSP MF launches Nifty Private Bank Index Fund, will track 4 pvt lenders - Business Standard

Quick Summary:

Since 2001, private banks have maintained strong balance sheets and profitability.

Furthermore, current valuations of several index constituents are below their historical averages, potentially offering investors an attractive entry point,” said Diipesh Shah, Fund Manager at DSP Mutual Fund.

This fund offers investors a streamlined approach to participate in the potential of India's private banking sector,” said Anil Ghelani, head of passive investments & products at DSP Mutual Fund.