DSP Nifty 50 ETF is an open-ended scheme replicating or tracking the Nifty 50 index. The NFO is open from 6 December 2021 to 17 December 2021.
| Good to know What is an exchange-traded fund (ETF)? An exchange-traded fund is a type of security that tracks the performance of a specific sector, commodity or stock market index. It can be traded on the exchanges throughout the day just like a stock. Therefore, its price changes all day, unlike a typical mutual fund, whose NAV is determined only once in a day after the markets close. ETFs can contain many types of investments, including stocks, commodities and bonds. |
Investment objective
The primary investment objective is to provide the returns before expenses, closely corresponding to the total return of NIFTY 50 index, subject to tracking errors. However, the fund gives no assurance or guarantee for returns.
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Asset allocation
| Instrument | Allocation (% of total assets) | Risk profile | |
| Minimum | Maximum | ||
| Equity and equity-related securities of companies constituting Nifty 50, the underlying index | 95 | 100 | Medium to high |
| Cash and cash equivalents / money market instruments* with residual maturity not exceeding 91 days | 0 | 5 | Low to medium |
Scheme details
| Name | DSP Nifty 50 ETF |
| Type | An open-ended scheme replicating/tracking the Nifty 50 index |
| Category | Equity |
| Benchmark | Nifty 50 TRI |
| Entry/exit load | Entry: NA Exit Load: For creation unit size: No exit load will be levied on redemptions made by authorised participants / large investors directly with the fund in creation unit size. For other than creation unit size: Nil The units of DSP Nifty 50 ETF in other than creation unit size cannot be directly redeemed with the fund. These units can be redeemed (sold) on a continuous basis on the Stock Exchange during the trading hours on all trading days. The trustee / AMC reserves the right to change / modify the exit load on a future date on a prospective basis. |
| Fund Manager | Mr. Anil Ghelani, Mr. Diipesh Shah |
| Minimum application amount | ₹5,000 and in multiples of ₹1. |
| Expense ratio | Up to 1.00% |
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| This product is suitable for investors who are seeking*: | Riskometer |
| -Long-term capital growth -Investment in stocks comprising the underlying index and endeavors to track Nifty 50 index
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*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Note: The above information has been sourced from the Scheme Information Document provided by DSP Mutual Fund. To read the entire document, click here.
Disclaimer: The above article is purely academic in nature and aims to provide knowledge about basic trading concepts & should not be construed as an opinion or advice to invest or trade. RKSV Securities India Private Limited (brand name Upstox) is the distributor of the mutual fund. Mutual fund investments are subject to market risks; please read all the related documents and/or consult your investment advisor before investing. Past performance of an investment asset does not guarantee future returns.
Mutual fund investments are subject to market risks, read all scheme related documents carefully.