DSP Global Innovation Fund of Fund : NFO Closes on February 7
DSP Mutual Fund has launched a new fund offer for DSP Global Innovation Fund of Fund. The fund is open for subscription between January 24, 2022 and February 7, 2022.
Read on to find out more about the NFO.
Investment Objective
DSP Global Innovation Fund of Fund is an open-ended fund of fund scheme investing in Innovation theme.
Indicative Asset Allocation
| Types of Instruments | Indicative allocation
(% of total assets) |
Risk Profile | |
| Minimum | Maximum | ||
| Units of Innovation funds as listed below | 95% | 100% | High |
| Money market securities and/or units of money
market/liquid schemes of DSP Mutual Fund |
0% | 5% | Low to Medium |
The Scheme intends to invest in the following Innovation Funds
1. iShares PHLX Semiconductor ETF
2. BGF World Tech fund D2 USD
3. iShares NASDAQ 100 UCITS ETF
4. Baillie Gifford Worldwide Long-term Global growth fund
5. Nikko AM ARK Disruptive Innovation Fund
Fund Details
| Scheme name | DSP Global Innovation Fund of Fund |
| Type of scheme | An open-ended fund of fund scheme investing in Innovation theme. |
| NFO Dates | January 24 – February 7, 2022 |
| Fund Managers | Mr. Jay Kothari, Mr. Kedar Karnik |
| Benchmark | MSCI All Country World Index |
| Minimum Amount for Application during NFO | Rs. 500/- and in multiples of Re. 1 |
| Minimum Additional Purchase Amount | Rs. 500/- and in multiples of Re. 1 |
| Minimum Redemption/Switch-Out Amount | Rs. 500/- |
| Load | NIL |
| Plans | Direct and Regular |
| Options | Growth, Income Distribution cum Capital Withdrawal Option / IDCW Option. |
| Minimum SIP Amount | Rs 500 |
Benchmark
MSCI All Country World Index – Net Total Return
The MSCI All Country World Index – Net Total Return is a market capitalization-weighted index designed by Morgan Stanley Capital International (MSCI) to provide a broad measure of equity-market performance throughout the world.
The Index comprises stocks from 23 developed countries and 26 emerging markets capturing the investible universe of global companies.
Fund Managers
Mr. Jay Kothari
Mr. Jay Kothari has over 16 years of experience:
- From 2010 to present – Vice President in Equity Investments
- Product Strategist at DSPIM From 2005 to 2010 – Mumbai Banking Sales Head at DSPIM
- From 2002 to 2003 – Priority Banking division at Standard Chartered Bank
Other schemes managed by him are
- DSP World Agriculture Fund
- DSP World Gold Fund
- DSP World Energy Fund
- DSP World Mining Fund
Co-Fund Manager for
- DSP Small Cap Fund
- DSP Focus Fund
- DSP US Flexible* Equity Fund
- DSP Equity Savings Fund
- DSP India T.I.G.E.R. Fund (The Infrastructure Growth and Economic Reforms Fund)
- DSP Regular Saving Fund
- DSP Equity Opportunities Fund
- DSP Global Allocation Fund
- DSP Natural Resources and New Energy Fund
- DSP Midcap Fund
- DSP Top 100 Equity Fund
- DSP Healthcare Fund
- DSP Value Fund
Mr. Kedar Karnik
Mr. Kedar Karnik has over 14 years of experience:
- From July 2016 till date – Fund Manager, Fixed income, DSPIM
- From September 2012 to June 2016, Fund Manager – Fixed Income, Axis Asset Management Company Ltd.
- From July 2008 to September 2012, Fund Manager – Fixed Income, HSBC Asset Management (India) Pvt. Ltd.
- From September 2005 to July 2008, Manager – Ratings, CRISIL Ltd.
Other schemes managed by him are
- DSP Overnight Fund
- DSP Savings Fund
- DSP Liquidity Fund
- DSP Low Duration Fund
- DSP US Flexible* Equity Fund
- DSP Global Allocation Fund
- DSP Arbitrage Fund
- DSP Ultra Short Fund
(^The term “Flexible” in the name of the Scheme signifies that the Investment Manager of the Underlying Fund can invest either in growth or value investment characteristic securities placing an emphasis as the market outlook warrants).