DSP Nifty Next 50 Index Fund – New Fund Offer (NFO) of DSP Mutual Fund

DSP Nifty 50 Index Fund: DSP Mutual Fund is offering its New Fund Offer (NFO) named “DSP Nifty Next 50 Index Fund” from 11-February-2019 to 15-February-2019.

 

dsp nifty next 50 index fund

 

DSP Mutual Fund is offering the Exchange-Traded Fund (ETF) during this offer.

According to the DSP Mutual Fund, this scheme is beneficial for the investors who want the following on their investments:-

  1. A Long term growth of the capital, and
  2. A return which is compatible with the performance of NIFTY Next 50 Weight Index, subjecting to the error in tracking.
About DSP Nifty 50 Index Fund Offer
Name of the Scheme DSP Nifty Next 50 Index Fund
Fund House DSP Mutual Fund
Scheme Type Open-Ended
Scheme Category Exchange-Traded Fund (ETF)
Issue Starts 11-February-2019
Issue Closes 15-February-2019
NFO Unit Price Rs 10 Per Unit
Minimum Investment Rs 500
Plans Direct and Regular, Both have Growth and Dividend
Entry Load Not Applicable
Exit Load Nil  
Investment Manager DSP Investment Managers Private Limited (formerly known as DSP BlackRock Investment Managers Private Limited)

(Read: NFO: New Fund Offer of Mutual Funds)

Investment Objectives

According to the fund house, the following are the objectives of investment through this scheme:-

It aims to invest in the companies which belong to the NIFTY Next 50 Index (Underlying Index) in the same proportion as in the index. It is seeking to generate the return that is compatible (before fees and expenses) with the performance of the underlying Index. However, there is no assurance that the investment objective of the Scheme will be realized.

Proposed Asset Allocation of the Scheme

The proposed asset allocation of the scheme is given as follows:

Instruments Indicative Allocation (% of total assets) Risk Profile
Minimum Maximum
Equity and equity-related securities covered by Nifty Next 50 Index 95 100 High
Debt and Money Market Securities 0 5 Low to Medium
About DSP Mutual Fund

DSP Mutual fund is sponsored by DSP ADIKO Holdings Pvt. Ltd and DSP HMK Holdings Pvt. Ltd. This fund is managed by DSP Investment Managers Pvt. Ltd. (formerly known as DSP BlackRock Investment Managers Pvt. Ltd. DSP Group is a 150 years old Indian financial firm. The family behind DSP Group also consisted of a founding member of the Bombay Stock Exchange. As on 31-December-2018, the company has Asset under Management (AUM) Rs 79244.53 crores.

Registered Address: Mafatlal Centre, 10th Floor, Nariman Point, Mumbai – 400021.

Website: www.dspim.com

Please click here to read the scheme related document.

Disclaimer: This post is just an information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing.

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Tags: #NFO #Mutual Fund #New Mutual Fund #DSP NFO #New Fund Offer #DSP Mutual Fund #ETF

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