November 21, 2025
RA Jainee
DSP Nifty Smallcap 250 Index Fund Direct-Growth
DSP Nifty Smallcap 250 Index Fund Direct-Growth snapshot
| NFO opens on | 24 November 2025 |
| NFO Closes on | 08 December 2025 |
| Min. Investment | Rs. 100 |
| Plans | Growth, IDCW |
| Sahifund Verdict | High growth potential, but only for disciplined long-term investors |
⏱️ Last Update: 26 November 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 Smallcap 250 Index Fund Direct-Growth Open Date, Close Date?
NFO opens on November 24, 2025
NFO will close on December 08, 2025
Investment Strategy for this NFO?
The scheme seeks to generate returns that are commensurate with the performance of the Nifty Smallcap 250 Index, subject to tracking error.
Basic Details
| Fund House | DSP Mutual Fund |
| Issue Open | 24 November 2025 |
| Issue Close | 08 December 2025 |
| Type | Open-ended |
| Category | Equity: Small Cap |
| Min. Investment(₹) | 100 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | NIFTY Smallcap 250 TRI |
About Benchmark Index for this NFO?
Nifty Smallcap 250 represents the balance 250 companies (companies ranked 251-500) from Nifty 500. This index intends to measure the performance of small market capitalisation companies.
Nifty Smallcap 250 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 market capitalization value.
Nifty Smallcap 250 can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty Smallcap 250 Total Returns Index
Portfolio Characteristics
| Methodology | Free Float Market Capitalization |
| No. of Constituents | 252 |
| Launch Date | April 01, 2016 |
| Base Date | April 01, 2005 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi-Annually |
Fund Managers of DSP Nifty Smallcap 250 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 Smallcap 250 Index Fund Direct-Growth @ sahifund.com by Paresh Gordhandas, C.A. & Research Analyst
[ A ] Benchmark Performance of NIFTY Smallcap 250 TRI
Performance
| Index Returns (%)# | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 3.72 | -2.47 | -2.46 | 28.32 | 14.85 |
| Total Return | 3.74 | -1.98 | -1.90 | 29.30 | 16.19 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 19.72 | 18.47 | 21.60 |
| Beta (NIFTY 50) | 1.11 | 0.93 | 0.80 |
| Correlation (NIFTY 50) | 0.71 | 0.71 | 0.77 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 30.76 | 3.68 | 0.7 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Multi Commodity Exchange of India Ltd. | 2.29 |
| Laurus Labs Ltd. | 1.80 |
| Central Depository Services (India) Ltd. | 1.37 |
| Delhivery Ltd. | 1.21 |
| Radico Khaitan Ltd | 1.19 |
| Karur Vysya Bank Ltd. | 1.11 |
| Kaynes Technology India Ltd. | 1.02 |
| Navin Fluorine International Ltd. | 1.01 |
| RBL Bank Ltd. | 0.95 |
| Cholamandalam Financial Holdings Ltd. | 0.92 |
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 | 12.33 | 11.66 | 2.88 | 11.66 |
| 3 Year | 13.45 | 15.19 | 17.77 | 15.19 |
| 5 Year | 16.12 | 17.73 | 18.51 | 17.73 |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 21-11-2025
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 | 12.68 | 11.66 | 3.48 | 8.79 |
| 3 Year | 13.87 | 15.19 | 15.07 | 24.14 |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 21-11-2025
[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.
Sahifund Verdict:
DSP Nifty Smallcap 250 Index Fund gives investors low-cost exposure to the bottom 250 companies of the Nifty 500—India’s true small-cap universe. The benchmark has delivered strong long-term returns (29.3% over 5 years), but also carries high volatility with a standard deviation above 18% and rich valuations (PE 30+).
The index is well diversified across 252 constituents, helping reduce stock-specific risk, but smallcaps remain sensitive to liquidity and market cycles. Fund managers Anil Ghelani and Diipesh Shah bring solid passive-fund experience across Nifty 50, Next 50 and Midcap ETFs.
Suitable for investors with very high risk appetite and long-term horizons (5–7 years). Not ideal for conservative or short-term investors due to drawdown risk.
Sahifund Verdict: High growth potential, but only for disciplined long-term investors
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
Is it good to invest in DSP Nifty Smallcap 250 Index Fund Direct-Growth NFO?
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