SBI ETF Private Bank – Is this not riskier ETF?
Banking sector is one of the evergreen sectors that has been outperforming in the last two decades. However, post covid-19 crisis, banking and financial stocks have been hammered. While stock markets have returned to its pre-covid level, banking and financial stocks are yet to recover. This is due to the fear of high NPAs that would arise for banks due to shut down of several small to large business due to lock down. In this scenario, SBI mutual fund has come up with SBI ETF Private Bank that would open for subscription on October 6, 2020. In this article, we would provide SBI ETF Private Bank NFO issue details and also provide our view about this ETF.
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What are Exchange Traded Funds (ETFs)?
ETFs are generally passively managed mutual fund schemes tracking a…