DSP Equal Nifty 50 Fund Growth
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Min amount: ₹500
- Fund Summary
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- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||Index Funds|
More about this fund
|Dr Reddy's Laboratories Ltd||2.2%|
|Sun Pharmaceuticals Industries Ltd||2.17%|
|UltraTech Cement Ltd||2.16%|
|Grasim Industries Ltd||2.15%|
|JSW Steel Ltd Shs Dematerialised||2.13%|
|Tata Steel Ltd||2.1%|
|Tata Consultancy Services Ltd||2.1%|
About DSP Equal Nifty 50 Fund
DSP Equal Nifty 50 Fund is an open-ended scheme replicating NIFTY 50 Equal Weight Index. The fund will invest in companies on the Nifty 50 Equal Weight Index in the same proportion as in the index to generate returns similar to the index. The fund aims to deliver long-term capital generation. The fund may invest in debt & money market securities, but will not invest in securitised debts, foreign securities, Credit Default Swaps, and overseas securities.
Pros & Cons of DSP Equal Nifty 50 Fund
DSP Equal Nifty 50 Fund offers the following benefits:
- The scheme enables investors to seeks returns that in line with the Nifty 50 Equal Weight Index.
- The fund is an opportunity for investors to expose their capital across all the companies of the aforementioned index.
- However, the fund returns are consistently lower than the average category returns.
Fund Information and Statistics of DSP Equal Nifty 50 Fund
Inception / Launch date
The DSP Equal Nifty 50 Fund was launched on October 23, 2017, by DSP Mutual Fund.
Investment in this fund are at moderately high-risk and suitable for investors with long-term investment horizon.
The redemption request can be made on any business day subject to the NAV price. Proceeds will be dispatched to you by the fund house within 3 working days from the receipt of the redemption request.
DSP Equal Nifty 50 Fund is managed by Gauri Sekaria since October 2017. She comes with 11 years of experience. Her previous associations include Goldman Sachs Asset Management and Benchmark Asset Management Co. Pvt. Ltd.
Entry / Exit load
The fund house does not charge any entry load or exit load.
Tax benefits of investing in DSP Equal Nifty 50 Fund
- A short-term capital gain tax of 15 % is levied is the units are sold within one year from the date of allotment.
- Long-term capital gains, in excess of Rs 1 lakh, are taxed at 10% if the units are sold after one year.
- Dividend distribution may be applicable.
About DSP Mutual Fund
DSP Mutual Fund is a well-known name in the financial and capital market space due to it being a part of DSP Group. The fund house uses risk-management controls and processes developed over the years for a disciplined and well-researched approach towards investing. A team of experienced professionals uses sophisticated analytical tools to consistently deliver value to investor portfolios.
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Min amount: ₹500
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns