DSPAMC - DSPQ50ETF

About DSP Nifty Midcap 150 Quality 50 Index

• The DSP Nifty Midcap 150 Quality 50 ETF is an exchange-traded fund (ETF) that aims to track the performance of the Nifty Midcap 150 Quality 50 Index.
• The ETF invests in mid-cap companies.
• Dsp Nifty Midcap 150 Quality 50 ETF was launched on December 23, 2021.
• The assets under the management stood at ₹101.33 crore as of July 31, 2024.
• Anil Ghelani and Diipesh Shah are managing the fund.
• The ETF units are listed on the NSE and BSE, allowing investors to trade at the prevailing market price.
• One can buy the ETF units directly from the demat account with a registered broker.

Investment Objective & Benchmark

• The scheme aims to provide returns that closely correspond to the total return of the underlying index, subject to tracking errors.
• It is benchmarked against Nifty Midcap 150 Quality TRI.
• The ETF offers exposure to a diversified basket of midcap stocks that meet quality criteria, potentially reducing risk compared to investing in individual stocks.
• It offers exposure to stocks from different business domains thus limiting the sectoral risks.
• The ETF provides investors an affordable investment as compared to buying individual stocks of the Nifty Midcap 150 Index.
• A very high-risk investment tool, the ETF is suited to those looking at a long-term goal of wealth creation.

Asset Allocation & Portfolio Composition

• The DSP Nifty Midcap 150 Quality 50 ETF invests in companies across market capitalisations –around 46.61% in giant-cap, 20.73% in large-cap, 23.60% in mid-cap and 9.05% in small-cap.
• The asset allocation of the fund comprises 99.84% in equity and 0.16% in cash and cash equivalent.

Sector-wise fund allocation:

• Industrial Products:20.03%
• IT-Software: 14.07%
• Fertilizers & agrochemicals: 7.88%
• Auto Components: 6.11%
• Gas: 5.67%
• Personal Products: 5.60%
• Pharmaceuticals & Biotechnology: 5.44%
• Capital Market: 4.67%
• Consumer Durables: 4.45%
• Textile & Apparels: 4.08%

The top 10 holdings in the company of the ETF comprise around 27.12%.

Top 10 holdings in the company of the ETF

• Persistent Systems Limited 3.68%
• Procter & Gamble Hygiene and Health Care Limited 3.46%
• HDFC Asset Management Company Limited 3.16%
• Page Industries Limited 3.04%
• Cummins India Limited 2.94%
• Tata Elxsi Ltd. - 2.85%
• Tube Investments Of India Ltd. - 2.84%
• Pi Industries Ltd. - 2.82%
• Oracle Financial Services Software Limited - 2.68%
• Coforge Ltd.- 2.55%

In a single year, this ETF has delivered a return of 40.24%, compared to a return of 41.46% for its benchmark index, as of July 31, 2024.

Since its Inception, the DSP Nifty Midcap 150 Quality 50 ETF has given an annualised return of 23.45%.