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 Mutual Fund is offering the Exchange-Traded Fund (ETF) during this offer.
- A Long term growth of the capital, and
- 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 Category||Exchange-Traded Fund (ETF)|
|NFO Unit Price||Rs 10 Per Unit|
|Minimum Investment||Rs 500|
|Plans||Direct and Regular, Both have Growth and Dividend|
|Entry Load||Not Applicable|
|Investment Manager||DSP Investment Managers Private Limited (formerly known as DSP BlackRock Investment Managers Private Limited)|
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|
|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.
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.
Tags: #NFO #Mutual Fund #New Mutual Fund #DSP NFO #New Fund Offer #DSP Mutual Fund #ETF