Private Bank ETFs: An Insolent Tactic to Play in the Banking Sector

Abstract

The banking sector has been the keystone to bring the economy together and aided both extensive as well as inclusive growth. Their major task is to bond financing gaps in the economy. Along with the congregation of other services, banks provide retail customers with an opportunity to retain their money safe in a savings account and also cover the option to invest and create returns through their investment plans. Over the last two decades, the banking and financial service sector has grown faster than the GDP. As India draws a path of economic retrieval in the reverberation of the Covid-19 pandemic and gets back on track to becoming a $5 trillion economy, the banking sector has to play a vital role in facilitating the growth of the economy. When it comes to build a healthy investment portfolio, the stock selection become very significant. Even within the private banking space, you would need to select the hand-picked private banks and manage your portfolio so. However, this is not an easy task and the drive could be an obstinate and sub-optimal one. A great alternate to this could be to invest in the Nifty Private Bank ETF.