DSP Nifty 50 Equal Weight Index Fund Direct Growth

DSP Nifty 50 Equal Weight Index Fund Direct Growth is an equity fund. This fund was started on 23 October, 2017. The fund is managed by Anil Ghelani, Diipesh Shah. The fund could potentially beat inflation in the long-run.

1. DSP Nifty 50 Equal Weight Index Fund Direct Growth has ₹2068 Cr worth of assets under management (AUM) as on Mar 2025 and is more than category average.
2. The fund has an expense ratio 0.4.
   

DSP Nifty 50 Equal Weight Index Fund Direct Growth has given a CAGR return of 13.06% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.82%, 20.12% and 26.97% respectively.

DSP Nifty 50 Equal Weight Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Basic Materials, Tech, Consumer Defensive, Health, Energy, Industrial, Utilities, Communication. Its top holdings are IndusInd Bank Ltd, Tata Consumer Products Ltd, Jio Financial Services Ltd, SBI Life Insurance Co Ltd, Eternal Ltd

As it is a index funds mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

To invest in companies which are constituents of NIFTY 50 Equal Weight 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, subject to tracking error. There is no assurance that the investment objective of the Scheme will be realized.

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. DSP Nifty 50 Equal Weight Index Fund Direct Growth has no lock in period.