DSP Mutual Fund has launched the DSP Nifty FMCG (Fast Moving Consumer Goods) ETF, which will be tracking the Nifty FMCG Index.
The index includes 15 companies that deal with goods and products which are non-durable, mass consumption products that are available off the shelf. Some of the stocks in the index include Britannia Industries, Colgate Palmolive (India), Dabur India, Emami, Godrej Consumer Products and Hindustan Unilever, among others.
Commenting on the launch, Anil Ghelani, CFA, Head – Passive Investments & Products, DSP Mutual Fund, said, “Valuations in the FMCG space are currently below their 5-year, 10-year and 15-year averages, offering relatively better valuation comfort compared to recent years. At the same time, FMCG businesses continue to remain closely linked to everyday consumption demand, with growth driven by categories and products that are deeply embedded in daily life. Through the DSP Nifty FMCG ETF, investors can gain diversified exposure to this segment in a simple, transparent and cost-efficient passive format.”
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