The banking and Financial Services (BFSI) sector consists of banks, Non-Banking Financial Companies (NBFCs), Insurance companies, and asset management companies (AMCs). The BFSI sector benefits directly from growth in GDP. As India looks to become a 5 trillion dollar economy, lenders will play an important role in funding the capital requirements. Further post demonetization, the pace of financialization of Indian savings has increased which benefits AMCs and Insurance companies. BFSI sector is a key beneficiary of the digitalization of the Indian economy.

This smallcase invests in the following ETFs:

• Nifty Banks provide exposure to top Indian banks across the private and public sectors
• Nifty Financial Services provide exposure to companies in the Indian financial sector like banks, NBFCs, housing finance companies, Insurance companies, and AMCs