August 8, 2025
RA Jainee
DSP Nifty500 Flexicap Quality 30 Index Fund NFO Review – Dates, Benchmark, Returns & SahiFund Verdict
| NFO opens on | 8 August 2025 |
| NFO Closes on | 22 August 2025 |
| Min. Investment | Rs. 100 |
| Plans | Growth, IDCW |
| Sahifund Verdict | Suitable for long-term investors (7+ years) who want exposure to quality companies without active stock-picking risk. However, investors should be prepared for phases of underperformance in momentum-driven markets. |
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 Nifty500 Flexicap Quality 30 Index Fund Open Date, Close Date?
NFO opens on August 08, 2025
NFO will close on August 22, 2025
Investment Strategy for this NFO?
The scheme seeks to generate returns that are commensurate with the performance of the Nifty500 Flexicap Quality 30 Index, subject to tracking error.
Basic Details
| Fund House | DSP Mutual Fund |
| Issue Open | 08 August 2025 |
| Issue Close | 22 August 2025 |
| Type | Open-ended |
| Category | Equity: Flexi Cap |
| Min. Investment(Rs) | 100 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | Nifty500 Flexicap Quality 30 TRI |
About Benchmark Index for this NFO?
The Nifty500 Flexicap Quality 30 index aims to track the performance of top 10 stocks from each of the Nifty100 Quality 30, Nifty Midcap150 Quality 50 and Nifty Smallcap250 Quality 50, selected based on their six-month average free-float market capitalization.
Nifty500 Flexicap Quality 30 Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty500 Flexicap Quality 30 Total Returns Index.
Portfolio Characteristics
| Methodology | Equal Weighted** |
| No. of Constituents | 30 |
| Launch Date | April 04, 2025 |
| Base Date | October 01, 2009 |
| Base Value | 1000 |
| Calculation Frequency | End of day |
| Index Rebalancing | Semi-Annually |
Fund Managers of DSP Nifty500 Flexicap Quality 30 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.
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: 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
Review for DSP Nifty500 Flexicap Quality 30 Index Fund @ sahifund.com by Paresh Gordhandas, C.A. & Research Analyst
[ A ] Benchmark Performance of Nifty500 Flexicap Quality 30 TRI
Performance
| Index Returns (%)# | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | -4.78 | -11.94 | -12.56 | 23.69 | 15.90 |
| Total Return | -4.59 | -10.99 | -11.25 | 25.34 | 17.63 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 15.79 | 15.51 | 15.80 |
| Beta (NIFTY 50) | 0.97 | 0.89 | 0.83 |
| Correlation (NIFTY 50) | 0.82 | 0.83 | 0.87 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 30.12 | 6.12 | 1.53 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Dixon Technologies (India) Ltd. | 4.13 |
| HDFC Asset Management Company Ltd. | 3.85 |
| Hindustan Unilever Ltd. | 3.84 |
| Cummins India Ltd. | 3.72 |
| Karur Vysya Bank Ltd. | 3.69 |
| Asian Paints Ltd. | 3.65 |
| HDFC Bank Ltd. | 3.54 |
| Marico Ltd. | 3.49 |
| Tube Investments of India Ltd. | 3.45 |
| Amara Raja Energy & Mobility Ltd. | 3.45 |
[A] Benchmark Performance
The Nifty500 Flexicap Quality 30 TRI index selects 30 quality stocks across large, mid and small caps, equally weighted. Over the long term, the index has shown ~25.3% 5-year CAGR and 17.6% since inception, indicating strong compounding potential. However, short-term returns have been negative in the past year (-11.25%), showing that while quality factors work well long term, they may underperform in certain cycles. The index has a relatively moderate volatility profile (Std. Dev. ~15.8) compared to broader markets.
[ B ] Performance Review of the Fund Managers of this NFO
Past Performance of Anil Ghelani
| Fund | DSP Nifty 50 Equal Weight Index Fund | It’s Benchmark | DSP Nifty 50 Index Fund | It’s Benchmark |
| 1 Year | -0.31 | 1.38 | 2.26 | 1.38 |
| 3 Year | 16.51 | 14.64 | 13.23 | 14.64 |
| 5 Year | 22.91 | 19.43 | 18.07 | 19.43 |
| 7 Year | 13.93 | 13.46 | — | — |
| 10 Year | — | — | — | — |
As on 08-08-2025
Past Performance of Diipesh Shah
| Fund | DSP NIFTY 50 Equal Weight ETF | It’s Benchmark | DSP Nifty 50 ETF | It’s Benchmark |
| 1 Year | -0.13 | 1.38 | 2.41 | 1.38 |
| 3 Year | 16.70 | 14.64 | 13.42 | 14.64 |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 08-08-2025
[B] Fund Managers’ Track Record
The fund will be managed by Anil Ghelani and Diipesh Shah, both with strong experience in managing index and factor-based funds at DSP. Their track record in running the DSP Nifty 50 Equal Weight Fund has been positive, delivering consistent alpha vs. benchmark over 3–5 years. Their background in passive and quantitative strategies provides confidence in execution for this quality-factor based index fund.
[C] SahiFund Verdict
DSP Nifty500 Flexicap Quality 30 Index Fund brings a factor-investing approach by combining quality stocks across large, mid and small caps in an equal-weighted structure. This provides diversification plus a disciplined rules-based strategy. It is suitable for long-term investors (7+ years) who want exposure to quality companies without active stock-picking risk. However, investors should be prepared for phases of underperformance in momentum-driven markets.
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
The scheme aims to provide returns in line with the Nifty500 Flexicap Quality 30 Index by investing in its constituents in equal weightage, subject to tracking error.
The NFO opens on 8 August 2025 and closes on 22 August 2025. Minimum investment is ₹100.
The benchmark is Nifty500 Flexicap Quality 30 TRI, which selects top 30 quality stocks from large, mid and small cap segments, equally weighted.
This fund suits investors with a long-term horizon (7+ years) seeking diversified exposure to quality companies across market caps, through a rules-based passive approach.
While the quality factor has historically delivered strong long-term returns, it may underperform in short-term momentum-driven or speculative phases. Investors should be prepared for cycles of relative underperformance.
Is it good to invest in DSP Nifty500 Flexicap Quality 30 Index Fund NFO?
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