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DSPAMC - DSPNEWETF
EQUAL50ADD
₹329.43+₹13.35 (4.22%) TodayLast updated on 01 Nov, 2024 | 18:59 IST
DSPAMC - DSPNEWETF Chart
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Fund overview
About
Open ₹319.99 | Close ₹316.08 | Volume 2,917 | Avg. traded ₹321.87 |
Circuit range ₹253.09 - ₹379.64 | Day range ₹318.00 - ₹332.78 | Year range ₹235.01 - ₹351.28 | |
AUM ₹220.21 Cr | ManagersAnil Ghelani, +1 more | Launch Date 08 Nov 2021 |
DSPAMC - DSPNEWETF
About DSP Nifty 50 Equal Weight ETF
- DSP Nifty 50 Equal Weight ETF is an exchange-traded fund offered by the DSP Mutual Fund house.
- It includes stocks of the top 50 stocks based on their market capitalisation.
- The scheme was launched on November 8, 2021.
- Anil Ghelani and Diipesh Shah have been the fund manager for this ETF since its inception.
- Investment in the ETF can be made through a demat account registered with a broker.
- DSP Nifty 50 Equal Weight ETF units can be bought and sold during the usual trading hours of the stock market.
Investment Objective & Benchmark
- The ETF intends to offer returns that before expense replicate the performance of equity securities of the underlying index.
- The scheme is benchmarked against DSP Nifty 50 Equal Weight Index representing an alternative weighing strategy to its market capitalisation-based parent index, the Nifty 50.
- The ETF includes stocks from key performing sectors of the Indian economy, offering a stable growth prospect to investors.
- It diversifies the fund to companies from various segments, limiting the investors' exposure to sectoral risks. The ETF also includes companies with export-based businesses facilitating growth based on the rise of global demand.
- It is best suited for investors looking at a long-term goal with investment in a passive strategy.
- This is a zero-bias product and only replicates an index. It does not carry any stock or sector bias.
Asset Allocation & Portfolio Composition
- DSP Nifty 50 Equal Weight ETF predominately invests in equity, allocating over 99.88% of the assets.
- The ETF invests across sectors with financial segment companies contributing 17.63% of the asset allocation. It allocates 12.07% of the assets to technology, 11.81% to automobiles, 10.22% to energy, 9.98% to consumer staples and the remaining 38.29% to other sectors.
- Nifty 50 Equal Weight ETF has allocated assets across sectors with giant cap companies contributing the biggest share. The scheme has invested 79.37% of the funds in the giant cap, 10.30% in large and 10.33% in mid-cap companies.
- The top 10 company holdings make 20.67% of the asset allocation as of June 2024.
Here’s a list of top company holdings in the ETF:
- Ultratech Cement - 2.12%
- Reliance Industries - 2.12%
- Grasim Industries - 2.09%
- Dr. Reddy's Laboratories - 2.08%
- LTIMindtree - 2.07%
- NTPC - 2.07%
- Tata Motors - 2.04%
- Wipro - 2.04%
- ONGC - 2.02%
- Britannia Industries - 2.02%
The ETF has yielded a return of 35.88% compared to the benchmark index's 36.33% earnings as of June 28, 2024.
Since its inception, the ETF has delivered a CAGR of 17.54%.
Key indicators
Tracking index NIFTY50 EQL Wgt |
Expense Ratio0.29% |
Tracking error NA |
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Investment checklist: (2/6)
Liquidity
Fund size
Expense Ratio
Tracking error
Returns vs FD Rates
Entry Point
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily
Returns
Returns vs Benchmark
Compare the returns of this fund with
NIFTY 50
This ETF
Nifty 50
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DSPAMC - DSPNEWETF Price history
Day | Open | Close | Change % |
---|---|---|---|
Thu, Oct 31 2024 | ₹316.01 | ₹316.08 | -0.42% |
Wed, Oct 30 2024 | ₹319.99 | ₹317.40 | |
Tue, Oct 29 2024 | ₹316.42 | ₹316.98 | |
Mon, Oct 28 2024 | ₹315.15 | ₹316.42 | |
Fri, Oct 25 2024 | ₹318.79 | ₹314.09 | -1.47% |
Thu, Oct 24 2024 | ₹310.05 | ₹318.79 | -0.27% |
Wed, Oct 23 2024 | ₹320.64 | ₹319.66 | -0.31% |
Tue, Oct 22 2024 | ₹327.51 | ₹320.64 | -1.50% |
Composition
What's in fund
Name | Holdings |
---|---|
540005LTIMindtree Ltd | 2.21% |
500547Bharat Petroleum Corp Ltd | 2.17% |
HINDALCOHindalco Industries Ltd | 2.09% |
GRASIMGrasim Industries Ltd | 2.09% |
JSWSTEELJSW Steel Ltd | 2.08% |
TATASTEELTata Steel Ltd | 2.07% |
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