DSP Natural Resources and New Energy Fund Regular Plan Growth is a Equity Mutual Fund Scheme launched by DSP BlackRock Mutual Fund. This scheme was introduced to investors on 25 Apr 2008. Rohit Singhania, Jay Kothari is the Current Fund Manager of DSP Natural Resources and New Energy Fund Regular Plan Growth.The fund currently has an Asset Under Management(AUM) of ₹282 Cr and the Latest NAV as of 27 Mar 2020 is ₹20.36.
The DSP Natural Resources and New Energy Fund Regular Plan Growth is rated High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 500. Nil.
Investment Objective
The primary investment objective of the Scheme is to seek to generate capital appreciation and provide long term growth opportunities byinvesting in equity and equity related securities of companies domiciled in India whose predominant economic activity is in the (a) discovery, development, production, or distribution of natural resources, viz., energy, mining etc; (b) alternative energy and energy technology sectors, with emphasis given to renewable energy, automotive and on-site power generation, energy storage and enabling energy technologies.The Scheme will also invest a certain portion of its corpus in the equity and equity related securities of companies domiciled overseas, which areprincipally engaged in the discovery, development, production or distribution of natural resources and alternative energy and/or the units shares of Merrill Lynch International Investment Funds New Energy Fund, Merrill Lynch International Investment Funds World Energy Fund andsimilar other overseas mutual fund schemes. The secondary objective is to generate consistent returns by investing in debt and money marketsecurities.
Tax Implications
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.