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Fund Facts
  • Name of Fund:
    HDFC Nifty PSU Bank ETF
  • Opening:
    12th January 2024
  • Closing:
    23rd January 2024
  • Scheme Type:
    Open Ended Other ETF
  • Minimum Investment:
    Rs. 500 per application and in multiples of Re. 1 thereafter.
  • Plan:
    Not Applicable
  • Options:
    Not Applicable
  • Entry Load:
    Not Applicable
  • Exit Road:
    Not Applicable
  • Thereafter:
    Not Applicable

Fund Stats

Objective

The investment objective of the Scheme is to generate returns that are commensurate (before fees and expenses) with the performance of the NIFTY PSU Bank Index (TRI), over long term, subject to tracking error.

  • Benchmark:

  • NIFTY PSU BANK

  • Fund Manager:

  • Abhishek Mor, Arun Agarwal

Asset Allocation

95-100% Securities covered by NIFTY PSU Bank Index (TRI)
upto 5% Money Market
Comparable existing schemes
ICICI Prudential Nifty PSU Bank ETF 24.34(3M) 31.66(6M)
DSP Nifty PSU Bank ETF 24.15(3M) Not Available

Fund Prognosis

Idea Distiller

Psu banks are, many say, the flavour of the season. If so This ETF could be well placed

  • Fund House AAUM:

  • Rs 55600689.19 Lakhs(as on 31st December2023)

  • Fund Manager:

  • Combined experience of above 25 years

Scheme DNA 4 fundamentals

  • UNIQNESS
  • RETURN
  • RISK
  • OPERABILITY

OOMP Factor

It is an ETF so what oomph can we expect from a passive?