December 16, 2025
RA Jainee
DSP Nifty 500 Index Fund Direct-Growth
DSP Nifty 500 Index Fund Direct-Growth snapshot
| NFO opens on | 19 December 2025 |
| NFO Closes on | 30 December 2025 |
| Min. Investment | Rs. 100 |
| Plans | Growth, IDCW |
| Sahifund Verdict | DSP Nifty 500 Index Fund Direct-Growth offers passive exposure to India’s top 500 listed companies across large, mid and small caps. It is a true “market portfolio” suitable for investors seeking broad diversification through a single fund. While volatility can be higher due to mid- and small-cap exposure, the fund works well for long-term, disciplined investors. Best suited for core portfolio allocation with a long horizon. |
⏱️ Last Update: 20 December 2025, 10.00 AM
Table of Contents:
1. NFO Open date, Close date
2. NFO Investment Strategy
3. Basic Details NFO
4. Benchmark Index NFO
5. Fund Manager | Performance Review of Fund Manager
6. Should You Invest in this NFO?
7. Invest Online
What is the DSP Nifty 500 Index Fund Direct-Growth Open Date, Close Date?
NFO opens on December 19, 2025
NFO will close on December 30, 2025
Investment Strategy for this NFO?
The Scheme seeks to generate returns that are commensurate with the performance of the Nifty 500 Index, subject to tracking error.
Basic Details
| Fund House | DSP Mutual Fund |
| Issue Open | 19 December 2025 |
| Issue Close | 30 December 2025 |
| Type | Open-ended |
| Category | Equity: Flexi Cap |
| Min. Investment(₹) | 100 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | NIFTY 500 TRI |
About Benchmark Index for this NFO?
The Nifty 500 index represents top 500 companies selected based on full market capitalization from the eligible universe.
Nifty 500 Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base period. Nifty 500 can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variants: Nifty 500 Total Returns Index, Nifty500 Industry Indices
Portfolio Characteristics
| Methodology | Free Float Market Capitalization |
| No. of Constituents | 501 |
| Launch Date | |
| Base Date | January 01, 1995 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi-Annually |
Fund Managers of DSP Nifty 500 Index Fund Direct-Growth
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.
AMC
DSP Investment Managers Pvt. Ltd.
Address: The Ruby, 25th Floor 29, Senapati Bapat Marg, Dadar (West), Mumbai Mumbai – 400028
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
Review for DSP Nifty 500 Index Fund Direct-Growth @ sahifund.com by Paresh Gordhandas, C.A. & Research Analyst
[ A ] Benchmark Performance of NIFTY 500 TRI
Performance
| Index Returns (%)# | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 5.27 | 6.96 | 5.49 | 17.43 | 10.81 |
| Total Return | 5.41 | 8.04 | 6.56 | 18.63 | 12.50 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 13.40 | 14.42 | 22.07 |
| Beta (NIFTY 50) | 1.05 | 0.99 | 0.94 |
| Correlation (NIFTY 50) | 0.95 | 0.97 | 0.95 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 24.45 | 3.71 | 1.15 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| HDFC Bank Ltd. | 7.66 |
| Reliance Industries Ltd. | 5.28 |
| ICICI Bank Ltd. | 4.94 |
| Bharti Airtel Ltd. | 2.85 |
| Infosys Ltd. | 2.80 |
| Larsen & Toubro Ltd. | 2.38 |
| State Bank of India | 2.02 |
| ITC Ltd. | 1.94 |
| Axis Bank Ltd. | 1.83 |
| Mahindra & Mahindra Ltd. | 1.66 |
Past Performance of Anil Ghelani
| Fund | DSP Nifty 50 Index Fund | It’s Benchmark | DSP Nifty Next 50 Index Fund | It’s Benchmark |
| 1 Year | 6.17 | 4.95 | -5.36 | 4.95 |
| 3 Year | 13.26 | 14.66 | 16.84 | 14.66 |
| 5 Year | 14.97 | 16.22 | 17.03 | 16.22 |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 16-12-2025
Past Performance of Diipesh Shah
| Fund | DSP Nifty 50 ETF | It’s Benchmark | DSP Nifty Midcap 150 Quality 50 ETF | It’s Benchmark |
| 1 Year | 6.31 | 4.95 | -3.74 | 0.19 |
| 3 Year | 13.45 | 14.66 | 13.93 | 21.89 |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 16-12-2025
[B] Review of Fund Managers
Anil Ghelani
-
Background: Mr. Ghelani has done B. Com., CFA & CA, Prior to joining DSP Mutual Fund he has worked with IL&FS, S. R. Batliboi, V. C. Shah & Co.
Diipesh Shah
-
Background: Mr. Shah is a B Com, ACA, Candidate of the CFA Program, CFA Institute USA, Level I Cleared, Prior to joining DSP Mutual Fund, he has worked with JM Financial, Centrum Broking, IDFC Securities, ICICI Securities and IIFL Capital Pte Ltd Singapore.
DSP Nifty 500 Index Fund Direct-Growth: Detailed Review
DSP Nifty 500 Index Fund Direct-Growth aims to replicate the performance of the NIFTY 500 TRI, subject to tracking error. The index represents nearly the entire listed Indian equity market, spanning large, mid and small caps, thereby offering superior diversification compared to Nifty 50 or Nifty 100 funds.
The free-float market-cap methodology and semi-annual rebalancing ensure the portfolio remains aligned with market leadership trends. While long-term returns have been healthy, short-term performance can be volatile due to exposure beyond large caps.
Sahifund Verdict: Managed by experienced passive fund managers Anil Ghelani and Diipesh Shah, the fund benefits from DSP’s robust index management framework. With zero exit load and a very low minimum investment of Rs. 100, it is suitable for SIP-oriented investors with a long-term horizon of 7–10 years. Conservative investors should be prepared for interim volatility.
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
Is it good to invest in DSP Nifty 500 Index Fund Direct-Growth NFO?
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