DSP Mutual Fund changes ETF symbols on BSE and NSE

DSP Mutual Fund has changed its ETF product symbols on the BSE and the NSE. This move is aimed at helping investors easily identify the ETF Schemes of the fund, according to the press release by the fund house.

The fund house stated that the symbols of as many as 10 ETFs of the fund will be revised on both exchanges.

This change is effective from February 15.

“We at DSP are always looking for simplicity in all our offerings of products as well as services to our investors. The new symbols will help investors more conveniently identify the underlying investment or index and select the relevant ETFs. In our view the same would be simple and action oriented for the investor,” said Anil Ghelani, CFA, Head – Passive Investments and Products, DSP Mutual Fund.

“Over the past many years as we have launched multiple ETFs across market cap and asset classes, the ticker code or symbols appear different and can at times become a bit confusing to understand the underlying index that the ETF is tracking. Hence, we feel there was a need to simplify our existing symbols,” said Gurjeet Singh Kalra, Business Head – Passive Funds, DSP Mutual Fund.