DSP Global Innovation Fund Of Fund Direct Growth

DSP Global Innovation Fund Of Fund Direct Growth is an equity fund. This fund was started on 15 February, 2022. The fund is managed by Kedar Karnik, Jay Kothari. The fund could potentially beat inflation in the long-run.

1. DSP Global Innovation Fund Of Fund Direct Growth has ₹892 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
2. The fund has an expense ratio 1.2.
   

DSP Global Innovation Fund Of Fund Direct Growth has given a CAGR return of 15.32% since inception. Over the last 1 year the fund has given a CAGR return of 35.12%.

DSP Global Innovation Fund Of Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Consumer Cyclical, Communication, Health, Consumer Defensive, Industrial, Utilities, Financial Services, Real Estate, Basic Materials, Energy, Municipal. Its top holdings are BlueBox Funds Global Technology I Acc, iShares NASDAQ 100 ETF USD Acc, KraneShares CSI China Internet ETF USD, Invesco NASDAQ-100 Equal Wght ETF $ Acc, BlueBox Precision Medicine D USD Acc

As it is a global - other mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

The primary investment objective of the scheme is to seek capital appreciation by investing in global mutual funds schemes and ETFs that primarily invest in companies with innovation theme having potential for higher revenue and earnings growth. The Scheme may also invest a certain portion of its corpus in money market securities and/or money market/liquid schemes of DSP Mutual Fund, in order to meet liquidity requirements from time to time.

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. DSP Global Innovation Fund Of Fund Direct Growth has no lock in period.