Groww Logo
Home>Blog>NFO>DSP Global Innovation Fund of Fund : NFO Closes on February 7

DSP Global Innovation Fund of Fund : NFO Closes on February 7

09 February 2022

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).

Disclaimer

The stocks mentioned in this article are not recommendations. Please conduct your own research and due diligence before investing. Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.
Do you like this edition?
LEAVE A FEEDBACK
ⓒ 2016-2022 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 3.2.4
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  ICICI PRUDENTIAL |  HDFC |  NIPPON INDIA |  ADITYA BIRLA SUN LIFE |  SBI |  UTI |  FRANKLIN TEMPLETON |  KOTAK MAHINDRA |  IDFC |  DSP |  AXIS |  TATA |  L&T |  SUNDARAM |  PGIM |  INVESCO |  LIC |  JM FINANCIAL |  BARODA PIONEER |  CANARA ROBECO |  HSBC |  IDBI |  INDIABULLS |  MOTILAL OSWAL |  BNP PARIBAS |  MIRAE ASSET |  PRINCIPAL |  BOI AXA |  UNION KBC |  TAURUS |  EDELWEISS |  NAVI |  MAHINDRA |  QUANTUM |  PPFAS |  IIFL |  Quant |  SHRIRAM |  SAHARA |  ITI