DSP Nifty 50 Equal weight ETF – DSP Mutual Fund files offer document with SEBI
DSP Mutual Fund has filed offer document with SEBI to launch an open ended scheme replicating / tracking NIFTY50 Equal Weight Index.
The New Fund Offer price is Rs.10 per unit. The objective of the scheme seeks to provide returns that, before expenses, closely correspond to the total return of the underlying index
The fund manager for this scheme is Mr Anil Ghelani
This product is suitable for investors who are seeking Long-term capital growth and Investment in equity and equity related securities covered by NIFTY50 Equal Weight Index
The scheme asset allocation will be Equity and Equity Related Securities of companies constituting NIFTY50 Equal Weight Index, the Underlying Index (95% – 100%) and also in the Cash and Cash Equivalents / Money Market Instruments* with residual maturity not exceeding 91 days (0% -5%)”
The riskometer for this scheme is Very High
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| Name of Mutual Fund | DSP Mutual Fund |
| Scheme Name | DSP Nifty 50 Equal weight ETF |
| About Scheme | An open ended scheme replicating/ tracking NIFTY50 Equal Weight Index |
| Offer of Unit | Rs.10 |
| Objective | The Scheme seeks to provide returns that, before expenses, closely correspond to the total return of the underlying index |
| Name of Fund Manage | Mr Anil Ghelani |
| This product is suitable for investors who are seeking | Long-term capital growth Investment in equity and equity related securities covered by NIFTY50 Equal Weight Index |
| The scheme asset allocation will be | Equity and Equity Related Securities of companies constituting NIFTY50 Equal Weight Index, the Underlying Index (95% – 100%) Cash and Cash Equivalents / Money Market Instruments*with residual maturity not exceeding 91 days (0% -5%) |
| Riskometer | Very High |
| DRHP | Click here |