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  • 05

    Feb
    2019

    DSP Nifty Next 50 Index Fund Floats On

    DSP Mutual Fund has launched a new fund named as DSP Nifty Next 50 Index Fund, an open ended scheme replicating / tracking Nifty Next 50 Index. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 11 February to 15 February 2019.

    The investment objective of the Scheme is to invest in companies which are constituents of NIFTY Next 50 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.

    The scheme offers growth option and dividend option with payout & reinvestment facility.

    The scheme would allocate 95%-100% of assets in equity and equity related securities covered by Nifty Next 50 Index with high risk profile; invest upto 5% of assets in Debt and Money Market Securities with low to medium risk profile.

    The minimum application amount is Rs 500 and any amount thereafter.

    The minimum additional purchase amount is Rs 500 and any amount thereafter.

    The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period.

    Entry Load: Not Applicable.

    Exit Load: Nil

    Benchmark Index for the scheme is NIFTY Next 50 Index.

    The fund manager of the scheme is Gauri Sekaria.

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