DSP Nifty Next 50 Index Fund Direct Growth is a Equity Mutual Fund Scheme launched by DSP BlackRock Mutual Fund. This scheme was introduced to investors on 11 Feb 2019. Gauri Sekaria is the Current Fund Manager of DSP Nifty Next 50 Index Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹55 Cr and the Latest NAV as of 15 Oct 2019 is ₹10.42.
The DSP Nifty Next 50 Index Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 500. Nil.
Investment Objective
The scheme seeks to invest in companies which are constituents of NIFTY Next 50 Index (underlying Index) in the same proportion as in the index and seeks to generate returns that are commensurate (before fees and expenses) with the performance of the underlying Index.
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.
Scheme Information Document(SID)
₹500
Min for First Investment
₹500
Min for Second Investment