Current Affairs - Finance - Discussion

SBI Mutual Fund launched two new investment schemes focused on India's public sector banking sector: the SBI BSE PSU Bank Index Fund and the SBI BSE PSU Bank ETF. These schemes are designed to track the BSE PSU Bank Index, offering investors a way to invest systematically in the public sector banking space. Both funds aim to provide diversified exposure to the leading PSU banks, with 95% of assets allocated to securities in the index, while the remaining 5% is managed for liquidity purposes.