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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
  • Returns
  • Composition
  • More

Fund overview

About
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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

Managers

Anil 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

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Tracking index
NIFTY50 EQL Wgt

Expense Ratio

0.29%
Tracking error
NA

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Investment checklist: (2/6)
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Liquidity

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Fund size

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Expense Ratio

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Tracking error

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Returns vs FD Rates

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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
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  • ETF returns
  • Rolling returns
Compare the returns of this fund with
NIFTY 50
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This ETF

Nifty 50

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DSPAMC - DSPNEWETF Shareholder returns

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1 day
-0.42%
1 week
-0.85%
1 month
-7.95%
3 months
-3.30%
1 year
+34.21%
3 years
+55.97%
5 years
+55.97%

DSPAMC - DSPNEWETF Price history

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DayOpenCloseChange %
Thu, Oct 31 2024
₹316.01
₹316.08
-0.42%
Wed, Oct 30 2024
₹319.99
₹317.40
+0.13%
Tue, Oct 29 2024
₹316.42
₹316.98
+0.18%
Mon, Oct 28 2024
₹315.15
₹316.42
+0.74%
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%

Frequently asked questions