DSPAMC - DSPNEWETF
EQUAL50ADD
₹314.70+₹0.02 (0.01%) TodayLast updated on 06 Dec, 2024 | 15:28 IST
DSPAMC - DSPNEWETF Chart
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Fund overview
About
Open ₹320.97 | Close ₹314.68 | Volume 3,933 | Avg. traded ₹314.72 |
Circuit range ₹251.20 - ₹376.80 | Day range ₹312.00 - ₹320.97 | Year range ₹260.01 - ₹351.28 | |
AUM ₹209.63 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 % |
---|---|---|---|
Fri, Dec 6 2024 | ₹320.97 | ₹314.86 | |
Thu, Dec 5 2024 | ₹311.62 | ₹314.68 | |
Wed, Dec 4 2024 | ₹314.86 | ₹311.62 | -0.39% |
Tue, Dec 3 2024 | ₹311.42 | ₹312.83 | |
Mon, Dec 2 2024 | ₹311.97 | ₹310.36 | |
Fri, Nov 29 2024 | ₹307.48 | ₹308.41 | |
Thu, Nov 28 2024 | ₹311.09 | ₹305.49 | -1.80% |
Wed, Nov 27 2024 | ₹310.01 | ₹311.09 |
Composition
What's in fund
Name | Holdings |
---|---|
SBINState Bank of India | 2.24% |
507685Wipro Ltd | 2.23% |
GRASIMGrasim Industries Ltd | 2.19% |
HDFCLIFEHDFC Life Insurance Co Ltd | 2.17% |
532755Tech Mahindra Ltd | 2.17% |
EICHERMOTEicher Motors Ltd | 2.16% |
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Frequently asked questions
What is the DSPAMC - DSPNEWETF share price today?
DSPAMC - DSPNEWETF share price is ₹ 314.70 today.
What is today’s high & low share price of DSPAMC - DSPNEWETF?
DSPAMC - DSPNEWETF share price high: ₹ 320.97 and low: ₹ 312.00
What is Assets Under Management (AUM) of DSPAMC - DSPNEWETF shares today on the NSE?
DSPAMC - DSPNEWETF Assets Under Management (AUM) of ₹ 209.63 Crores.
What is the DSPAMC - DSPNEWETF share price high and low in the last 52 weeks on the NSE?
52 Week share High Price is ₹ 351.28 and Low Price is ₹ 260.01
What is the DSPAMC - DSPNEWETF Stock Symbol?
The DSPAMC - DSPNEWETF Stock symbol is EQUAL50ADD.
Can I buy DSPAMC - DSPNEWETF shares on Holidays?
No, shares of DSPAMC - DSPNEWETF or any other publicly traded company cannot be bought or sold on holidays when the stock exchanges are closed. You can only buy or sell DSPAMC - DSPNEWETF shares on days when the stock exchanges are open for trading. It's important to check the NSE & BSE holidays calendar, before placing any trades to avoid any inconvenience.