Loading...

Home >> Blog >> DSP Nifty Top 10 Equal Weight Index Fund- NFO: Review & Nav

DSP Nifty Top 10 Equal Weight Index Fund- NFO: Review & Nav

  


DSP Nifty Top 10 Equal Weight Index Fund: Complete Overview

“DSP Nifty Top 10 Equal Weight Index Fund” by DSP Mutual Fund under AMC ‘DSP Asset Managers Pvt Ltd.’ is an open-ended equity scheme that replicates/tracks the Nifty Top 10 Equal Weight Index. The New Fund Offer (NFO) date is from August 16 to August 30, 2024, with an NFO price of Rs.100 and in multiples of Rs.1 thereafter.

To learn about the Fund's asset allocation, and other financial characteristics that influence decision-making, carefully read this blog.

 

 

DSP Nifty Top 10 Equal Weight Index Fund NFO Details

The scheme is suitable for investors who want to achieve long-term capital growth and seek to invest in equity and equity-related securities under the Nifty Top 10 Equal Weight Index subject to tracking error. The scheme is a very high-risk scheme. There is no assurance that the scheme's investment goal will be met.

The scheme will invest 95-100% of its units in equity and equity-related securities under the Nifty Top 10 Equal Weight Index and 0-5% in cash & cash equivalents.

Click Here To Stay Updated With The Latest NFOs.

Fund Overview

The minimum subscription amount is set at Rs.100 and in multiples of Rs.1 thereof.

Start Date

16 August 2024

End Date

30 August 2024

Allotment Date / Subscription Date

September 09, 2024.

VRO Rating

-

Expense Ratio

Nil

Exit Load

Nil

AUM 

Rs.156447.161 Cr. (as of 30 Jun 2024 )

Lock-in

NA

Stamp Duty

0.005% (From July 1st 2020)

Benchmark 

Nifty Top 10 Equal Weight TRI.

Min. Investment

Rs.100 and in multiple of Rs.1.

Risk

Very High

Short-Term Capital Gains (STCG)

For less than 2 years, as per Tax Slab.

Long-Term Capital Gains (LTCG)

For more than 2 years, a 12.50% Tax is applicable.

How To Invest In The NFO After The Closure Date?

If you have missed participating in the NFO and now want to invest in the same Scheme on a continuous basis, then on 09 September 2024, when the Scheme will reopen; you will have the option to participate and invest directly in the Mutual Fund by spending at NAV based price by logging on to your Demat account and search for “DSP Nifty Top 10 Equal Weight Index Fund” or directly with the AMC or simply click the ‘Banner’ below.

 

 

The Objective of The Fund

The Scheme aims to produce returns that, subject to tracking mistakes, match the overall performance of the underlying index Nifty Top 10 Equal Weight TRI before expenses. Nevertheless, there can be no assurance or guarantee that the scheme's investment goals will be met.

Asset Allocation (% of Total Assets) of the Scheme's portfolio will be as follows:

Types of Instruments

Minimum Allocation (% of Total Assets)

Maximum Allocation (% of Total Assets)

Equity and equity-related Securities under the Nifty Top 10 Equal Weight Index

95

100

Cash & cash equivalents

0

5

Peers of DSP Nifty Top 10 Equal Weight Index Fund

Scheme

1Y Return

AUM (Rs.)

Quant Focused Fund-Growth

41.39%

1,115.99 Cr.

HDFC Index Fund Nifty 50 Plan Direct-Growth

25.12%

17,621 Cr.

ICICI Prudential BHARAT 22 FOF-Growth

63.46%

1,896.50 Cr.

JM Large Cap Fund-Growth

43.38%

331.31 Cr.

Since this scheme is a new scheme, hence no comparable data on its past performance against its peers is available.

Risk Factors In Such Funds

  • The Scheme's NAV will change in response to stock market fluctuations. The Investor could lose capital over a short or long period due to fluctuations in the Scheme's NAV as a result of variables such as company performance.

  • The program won't be actively managed because it plans to invest at least 95% of its net assets in benchmark index securities. A widespread fall in the Indian markets with respect to its Underlying Index could have an impact on the Scheme.

  • Equities shares and associated instruments are prone to daily price swings and are considered volatile.

  • The investment in the scheme could increase or decrease based on a variety of variables and pressures affecting the debt and capital markets, as well as changes in the interest rate, price, and value of the securities in which the scheme invests.

Past Performance of Index Funds

Index Funds

NAV (Rs.)

Annualised Return

Return / Risk

Bandhan Nifty 50 Index Fund Direct Plan-Growth

53.02

25.17%

Very High Risk

ICICI Prudential Nifty Next 50 Index Direct-Growth

66.23

63.23%

Very High Risk

UTI Nifty 50 Index Fund Direct-Growth

166.69

25.16%

Very High Risk

DSP Nifty Top 10 Equal Weight Index Fund NFO-Who Can Invest?

This Fund is ideal for those who want to achieve returns over the long term by investing in equity and equity-related securities under the Nifty Top 10 Equal Weight Index subject to tracking error. 

DSP Nifty Top 10 Equal Weight Index Fund-Growth Fund Managers:

  • Mr. Anil Ghelani

  • Mr.Diipesh Shah

Conclusion

The new DSP Nifty Top 10 Equal Weight Index Fund is appropriate for investors aiming for returns corresponding to the Nifty Top 10 Equal Weight Total Return Index's performance, subject to long-term tracking error and investments in equities securities included in the index. Always assess your Financial Goals, Risk tolerance, time horizons, etc. before making an investment decision. 

Disclaimer: This NFO analysis is provided solely for informative reasons and should not be construed as investment advice. Always conduct research and talk with a financial advisor before investing.



Frequently Asked Questions

+

It is an open-ended equity scheme that replicates/tracks the Nifty Top 10 Equal Weight Index. It allows investors to invest in India’s top 10 companies where all Stocks are approximately equally weighted at 10%.

+

The exit load of this Scheme is Nil.

+

With equal-weight Index Funds, better variety is achieved which guarantees that every company, irrespective of size, has an equal effect on the portfolio.

+

NAV expands as Net Assets Value.

+

The starting date of the NFO is August 16, 2024.

+

The allotment date of the NFO is 09 September 2024.



Liked What You Just Read? Share this Post:




Viewer's Thoughts

Any Question or Suggestion

Post your Thoughts


NFO

Related Blogs

Mirae Asset Nifty Total Market Index Fund NFO

NFO | 11-10- 2024

Mirae Asset Nifty Total Market...

Analyze their Mirae Asset Nifty Total Market Index Fund NFO. Learn about its benefits, objectives, and risks. NFO open: ...

Continue Reading
Mirae Asset Nifty LargeMidcap 250 Index Fund NFO

NFO | 11-10- 2024

Mirae Asset Nifty LargeMidcap ...

Analyze the Mirae Asset Nifty LargeMidcap 250 Index Fund NFO. Learn about its benefits, objectives, and risks. NFO open:...

Continue Reading
Mirae Asset Nifty 50 Index Fund NFO

NFO | 11-10- 2024

Mirae Asset Nifty 50 Index Fun...

Explore Mirae Asset Nifty 50 Index Fund NFO: Date, Review & NAV: Date. Open 10 Oct, close 18 Oct 2024. Learn benefits, a...

Continue Reading
Tata Nifty Capital Markets Index Fund

NFO | 10-10- 2024

Tata Nifty Capital Markets Ind...

Explore Tata Nifty Capital Markets Index Fund: Date. Open 07 Oct, close 21 Oct 2024. Learn benefits, and risks, and inve...

Continue Reading
Kotak MNC Fund NFO

NFO | 10-10- 2024

Kotak MNC Fund NFO: Date, Revi...

Explore the Kotak MNC Fund NFO. Discover its objectives, benefits, and risk factors. NFO opens on 7th Oct and closes on ...

Continue Reading
Groww Gold ETF

NFO | 09-10- 2024

Groww Gold ETF: Date, Review ...

Explore The Groww Gold ETF NFO. Learn its objectives, benefits & Risk Factors. NFO opens on 07 Oct & closes on 18 Oct 20...

Continue Reading
to Learn Important Strategy worth Rs.15000
Subscribe on
YouTube
Follow us on
Instagram
Follow Us on
Twitter
Like Us on
Facebook