March 16, 2024
mayank
DSP Nifty 50 Equal Weight Index Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 22.7452
NAV IDCW: Rs 20.6385
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns of fixed income options. But be prepared for ups and downs in your investment value along the way.
This is a fund that invests in big companies. Compared to those that invest in smaller companies, such funds tend to fall less when stock prices fall. Therefore, they are more suited to conservative equity investors.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to invest in companies which are constituents of NIFTY 50 Equal Weight 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.
Fund Manager:
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.
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.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | DSP Mutual Fund |
| Launch Date | 23-Oct-17 |
| Return Since Launch | 13.71% |
| Benchmark | NIFTY 50 Equal Weight TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 1,118 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.40% |
| (As on 29-Feb-2024) | |
| Risk Grade | Average |
| Return Grade | High |
| Turnover | 24.00% |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| DSP Nifty 50 Equal Weight Index Dir | 3.32 | -0.53 | -0.49 | 5.38 | 15.42 | 43.53 | 20.38 | 17.62 | — | — |
| S&P BSE 100 TRI | 2.29 | -0.57 | 0.14 | 3.72 | 11.10 | 34.54 | 16.34 | 15.99 | — | — |
| Equity: Large Cap | 4.15 | -0.69 | 0.04 | 5.85 | 15.46 | 40.91 | 16.89 | 15.89 | — | — |
| Rank within category | 46 | 22 | 85 | 40 | 39 | 32 | 5 | 8 | — | — |
| Number of funds in category | 98 | 103 | 101 | 98 | 97 | 93 | 62 | 53 | 43 | 43 |
Peer Comparison of DSP Nifty 50 Equal Weight Index Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| DSP Nifty 50 Equal Weight Index Dir | 4 star | 43.53 | 20.38 | 17.62 | 0.40 | 1,118 | 13.71 | — | 6Y 4M | 24.00 |
| UTI Nifty 50 Index Dir | 3 star | 30.96 | 14.89 | 15.04 | 0.21 | 15,649 | 13.27 | — | 11Y 2M | 4.00 |
| HDFC Index Nifty 50 Dir | 3 star | 30.94 | 14.85 | 14.94 | 0.20 | 12,614 | 13.4 | 0.25 (3) | 11Y 2M | 4.00 |
| ICICI Pru Nifty 50 Index Dir | 3 star | 30.93 | 14.86 | 15.02 | 0.17 | 6,955 | 13.35 | — | 11Y 2M | 10.00 |
| SBI Nifty Index Dir | 3 star | 30.96 | 14.85 | 14.85 | 0.18 | 6,494 | 12.96 | 0.20 (15) | 11Y 2M | 9.00 |
Portfolio Analysis of DSP Nifty 50 Equal Weight Index Fund
| No. of Stocks | 50 |
| Top 10 Stocks | 23.69% |
| Top 5 Stocks | 12.31% |
| Top 3 Sectors | 39.56% |
| Portfolio P/B Ratio | 3.87 |
| Portfolio P/E Ratio | 23.60 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,59,809 | 3,39,889 |
| Giant (%) | 72.83 | 67.89 |
| Large (%) | 25.65 | 27.31 |
| Mid (%) | 1.52 | 5.45 |
| Small (%) | — | 2.04 |
| Tiny (%) | — | — |
How to Invest in DSP Nifty 50 Equal Weight Index Fund?
Chanakya’s Mutual Fund Guidance For DSP Nifty 50 Equal Weight Index Fund
Do not invest in this, or any other large-cap fund, if you need to redeem your investment in less than five years.
Apply Online: https://www.dspim.com/ifaxpress/ifalogin
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Quicklinks
https://sahifund.com/aditya-birla-sun-life-nifty-50-equal-weight-index-fund/