NFO of DSP NIFTY NEXT 50 INDEX FUND now available on Kuvera

DSP NIFTY NEXT 50 INDEX FUND is an open-ended scheme replicating/tracking NIFTY Next 50 Index The performance of the Scheme would be benchmarked against NIFTY Next 50 Index.

The investment objective of this scheme is to invest in companies which are constituents of NIFTY Next 50 Index (Underlying Index) in the same proportion as in the index and seeks to generate returns that are commensurate (before fees and expenses) with the performance of the underlying Index. There is no assurance that the investment objective of the scheme will be realized.

 

Details:

  • An open-ended scheme replicating/tracking NIFTY Next 50 Index Fund
  • Subscription closes on 15-Feb-2019
  • Expected Date of Allotment before 22-Feb-19
  • Invest a minimum of Rs. 5,00/- and in multiple of Rs 1/- thereafter
  • Scheme re-opens for ongoing sale and repurchase by 25-Feb-19
  • Exit Load: Nil.

For detailed scheme related information read Scheme Information Document

Investment Strategy:

The Scheme will be managed passively with investments in stocks in the same proportion as in NIFTY Next 50 Index. The investment strategy would revolve around minimizing the tracking error through a periodic rebalancing of the portfolio, taking into account the change in weights of stocks in the indices as well as the incremental collections/redemptions in the Scheme. A small portion of the net assets will be held as cash or will be invested in debt and money market instruments permitted by SEBI/RBI including TREPS or an alternative investment for the TREPS as may be provided by the RBI, to meet the liquidity requirements under the Scheme.

 

Asset Allocation Pattern:

The asset allocation pattern for the scheme under normal circumstances is detailed in the table below: 

 

About the Fund Manager

Gauri Sekaria (35) has BBM in Finance, FRM and MSc in International Securities Investment & Banking. He is Vice President: DSP Investment Managers Pvt. Ltd. He has had prior experience with Goldman Sachs India (Executive Director), Benchmark Asset Management Co. Pvt. Ltd. (Asst. Vice President).

 

TOP 5 FUNDS IN THIS CATEGORY:

Fund Name 1Y  3Y  Since Launch VOL  EXP  AUM 
UTI NIFTY NEXT 50 INDEX (DG)  NA NA -5.47% 17.24% 0.27% ₹ 301 Cr.
I-PRU NIFTY NEXT 50 INDEX (DG)  -10.40% 14.30% 13.79% 16.64% 0.44% ₹ 357 Cr.
UTI NIFTY INDEX (DG)  4.64% 15.14% 11.24% 14.20% 0.13% ₹ 1,098 Cr.
IDFC NIFTY (DG)  4.65% 15.14% 11.37% 14.17% 0.17% ₹ 139 Cr.
SBI NIFTY INDEX (DG)  4.49% 15.04% 10.83% 14.24% 0.25% ₹ 347 Cr.

 

According to DSP Mutual Fund, NIFTY Next 50 Index Fund is ideal for these investors:

  • First-time investors who want to access the equity markets
  • Investors who want to meet the market at a low cost
  • Investors looking for a diversified equity exposure
  • Investors who are looking for a positive real return in the long run
  • Seasoned investors looking to add a core allocation to their portfolio

 

How to invest:

Go to Explore Funds and then click on NFO to see all the NFOs listed on Kuvera at any given moment. Enter the amount online and pay for it using net banking – just like any other lumpsum investment on Kuvera. Easy as that!

If your favourite NFO is not available, then email us at [email protected] and we will add it online.

 

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