Fund Details
DSP Nifty Next 50 Index Fund Direct Growth
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 0.31% |
| NAV | ₹13.08 (20 Jan 2021) |
|---|---|
| Fund Started | 11 Feb 2019 |
| Fund Size | ₹83 Cr |
Returns
Comparison
1. Lower expense ratio - 0.29%
2. Exit load is zero
1. Asset under management(AUM) is less than 100 Crs. Watch expense ratio when AUM is very low
2. Age is less than 5 years
3. Risk-adjusted returns are lower compared to the category
4. 1Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Adani Green Energy Ltd. | Engineering | Equity | 5.3% |
| Avenue Supermarts Ltd. | Services | Equity | 4.0% |
| Info Edge (India) Ltd. | Services | Equity | 3.9% |
| Tata Consumer Products Ltd. | FMCG | Equity | 3.8% |
| ICICI Lombard General Insurance Company Ltd. | Financial | Equity | 3.8% |
| Dabur India Ltd. | FMCG | Equity | 3.4% |
| Godrej Consumer Products Ltd. | FMCG | Equity | 3.1% |
| Bandhan Bank Ltd. | Financial | Equity | 2.9% |
| Aurobindo Pharma Ltd. | Healthcare | Equity | 2.9% |
| Pidilite Industries Ltd. | Chemicals | Equity | 2.8% |
Fund Managers
DSP Nifty Next 50 Index Fund Direct Growth Details
DSP Nifty Next 50 Index Fund Direct Growth is a Equity Mutual Fund Scheme launched by DSP Mutual Fund. This scheme was made available to investors on 11 Feb 2019. Gauri Sekaria is the Current Fund Manager of DSP Nifty Next 50 Index Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹83 Cr and the Latest NAV as of 20 Jan 2021 is ₹13.08.
The DSP Nifty Next 50 Index Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 500.
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.
