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DSP Nifty Midcap 150 Quality 50 ETF: NFO closes on 17th December 2021

DSP Nifty Midcap 150 Quality 50 ETF is an open-ended scheme replicating or tracking the Nifty Midcap 150 Quality 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, that closely correspond to the total return of Nifty Midcap 150 Quality 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 Midcap 150 Quality 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 Midcap 150 Quality 50 ETF
Type An open-ended scheme replicating or tracking the Nifty Midcap 150 Quality 50 index
Category Equity
Benchmark Nifty Midcap 150 Quality 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 Midcap 150 Quality 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 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 Midcap 150 Quality 50 Index

*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.

Categories: NFO