August 13, 2024
mayank
DSP Nifty Top 10 Equal Weight Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the DSP Nifty Top 10 Equal Weight Index Fund Open Date, Close Date?
NFO opens on August 16, 2024
NFO will close on August 30, 2024
What is the Investment Strategy?
The Scheme seeks to generate returns that are commensurate with the performance of the Nifty Top 10 Equal Weight Index, subject to tracking error.
Basic Details
| Fund House | DSP Mutual Fund |
| Issue Open | 16 August 2024 |
| Issue Close | 30 August 2024 |
| Type | Open-ended |
| Category | Equity: Large Cap |
| Min. Investment(Rs) | 100 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | Nifty Top 10 Eql Weig TRI |
What is the Benchmark Index?
NSE Indices has developed the Nifty Top 10 Equal Weight Index which aims to track the performance of the top 10 stocks selected based on 6-month average free-float market capitalization from the Nifty 50.
Nifty Top 10 Equal Weight Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty Top 10 Equal Weight Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 4.35 | 9.46 | 18.55 | 15.16 | 13.05 |
| Total Return | 4.39 | 10.56 | 20.32 | 16.61 | 14.65 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 12.16 | 19.59 | 22.77 |
| Beta (NIFTY 50) | 0.89 | 0.99 | 1.02 |
| Correlation (NIFTY 50) | 0.93 | 0.97 | 0.97 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 23.92 | 4.73 | 1.31 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Infosys Ltd. | 11.40 |
| ITC Ltd. | 11.01 |
| Tata Consultancy Services Ltd. | 10.75 |
| Hindustan Unilever Ltd. | 10.47 |
| Larsen & Toubro Ltd. | 10.01 |
| Reliance Industries Ltd. | 9.74 |
| Kotak Mahindra Bank Ltd. | 9.55 |
| ICICI Bank Ltd. | 9.54 |
| HDFC Bank Ltd. | 8.89 |
| Axis Bank Ltd. | 8.63 |
Study about Benchmark Index in details
SEBI – DSP Nifty Top 10 Equal Weight Index
Performance Review of the Fund Managers of DSP Nifty Top 10 Equal Weight Index Fund?
1) Anil Ghelani
Education: Mr. Ghelani has done B. Com., CFA & CA
Experience: Prior to joining DSP Mutual Fund he has worked with IL&FS, S. R. Batliboi, V. C. Shah & Co.
Past Performance of his Schemes
| Fund | DSP Quant Fund | It’s Benchmark | DSP NIFTY 50 Equal Weight ETF | It’s Benchmark |
| 1 Year | 24.24 | 35.81 | 36.98 | 30.49 |
| 3 Year | 11.19 | 19.25 | — | — |
| 5 Year | 18.09 | 21.86 | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 13-8-2024
2) Diipesh Shah
Education: Mr. Shah is a B Com, ACA, Candidate of the CFA Program, CFA Institute USA, Level I Cleared
Experience: Prior to joining DSP Mutual Fund, he has worked with JM Financial, Centrum Broking, IDFC Securities, ICICI Securities and IIFL Capital Pte Ltd Singapore.
Past Performance of his Schemes
| Fund | DSP Nifty 50 Index Fund | It’s Benchmark | DSP Nifty 50 ETF | It’s Benchmark |
| 1 Year | 26.32 | 30.49 | 26.58 | 30.49 |
| 3 Year | 15.21 | 17.57 | — | — |
| 5 Year | 17.83 | 19.68 | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 13-8-2024
Which Company Owns DSP Nifty Top 10 Equal Weight Index Fund?
DSP Investment Managers Pvt. Ltd.
Address: NATRAJ, Office No. 302-3rd Floor-Plot No. 194, MV Road Junction Western Express Highway, Andheri East Mumbai – 400069
Website: https://www.dspim.com/
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Is it good to invest in DSP Nifty Top 10 Equal Weight Index NFO?
Guidance for DSP Nifty Top 10 Equal Weight Index Fund by Paresh Gordhandas, C.A., Research Analyst.
Fund Houses have become very innovative in launching new products. The new offering by DSP Nifty Top 10 Equal Weight Index Fund is based on Nifty Top 10 Equal Weight Index which aims to track the performance of the top 10 stocks selected based on 6-month average free-float market capitalization from the Nifty 50. So simply put, the Fund will have large cap stocks but all the stocks will have equal weightage. So this Fund is essentially similar to a Large Cap Fund, however, there will be only 10 stocks in the Funds portfolio.
The Fund is being managed by Mr. Anil Ghelani and Mr. Diipesh Shah. We believe, the fund has good potential to earn returns but only if held for a longer duration. Can invest.
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