DSP Global Innovation Fund Of Fund Direct Growth

Equity
Direct
Global - Other
DSP Global Innovation Fund Of Fund Direct Growth

About the Fund

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.

Key Parameters

  1. DSP Global Innovation Fund Of Fund Direct Growth has ₹838 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.

Returns

DSP Global Innovation Fund Of Fund Direct Growth has given a CAGR return of 17.51% since inception. Over the last 1 year the fund has given a CAGR return of 31.19%.

Holdings

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, Real Estate, Financial Services, Basic Materials, Energy. Its top holdings are BlueBox Funds Global Technology I Acc, iShares NASDAQ 100 ETF USD Acc, Invesco NASDAQ-100 Equal Wght ETF $ Acc, KraneShares CSI China Internet ETF USD, BlueBox Precision Medicine D USD Acc

Taxation

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.

Investment objective of DSP Global Innovation Fund Of Fund Direct Growth

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. However, there is no assurance that the investment objective of the Scheme will be realized.

Minimum Investment and lockin period

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.

Fund Performance
zero opening, trading, fund transfer fee
2080 people have invested ₹ 61.4L in DSP Global Innovation Fund Of Fund Direct Growth in the last three months

Fund Overview

Expense ratio1.15%
Benchmark
MSCI ACWI NR LCL
AUM₹838 Cr
Inception Date15 February, 2022
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
22.61%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-Dec-69)

  • Equity 96.2%

  • Debt & Cash 3.8%

Large cap
78.7%

Mid cap
13.9%

Small cap
0.6%

Sector Allocation

Jun'24

May'24

Apr'24

Tech
55.4%
Consumer Cyclical
14.9%
Communication
12.9%
Health
6.8%
Consumer Defensive
3.6%
Industrial
2.8%
Utilities
0.9%
Real Estate
0.8%
Financial Services
0.7%
Basic Materials
0.6%
Energy
0.5%

as on (30-Jun-24)

  • Equity

  • Debt & Cash

Holdings
Weight%
1M Change
iShares NASDAQ 100 ETF USD Acc
iShares NASDAQ 100 ETF USD Acc
31.85%
0%
Invesco NASDAQ-100 Equal Wght ETF $ Acc
Invesco NASDAQ-100 Equal Wght ETF $ Acc
13.52%
0%
KraneShares CSI China Internet ETF USD
KraneShares CSI China Internet ETF USD
13.2%
0%

Kedar Karnik
Kedar Karnik
Fund Manager of DSP Global Innovation Fund Of Fund Direct Growth, since 15 February 2022
Jay Kothari
Jay Kothari
Fund Manager of DSP Global Innovation Fund Of Fund Direct Growth, since 15 February 2022

DSP Global Innovation Fund Of Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 17.51% since inception which is more than its category average return of 8.97%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.25% in Equity, 0% in Debt and 3.75% in Cash related instruments
AUM size ₹838 Cr

AUM size ₹838 Cr

This fund has AUM of ₹838 Cr which is more than its category average of ₹ 520 Cr
Expense Ratio 1.15%

Expense Ratio 1.15%

This fund has an expense ratio of 1.15% which is less than its category average expense ratio of 1.38%

Frequently Asked Questions

The current NAV of DSP Global Innovation Fund Of Fund Direct Growth is ₹14.83 as on 15-Jul-2024.
Existing (Absolute + CAGR) as on 15-Jul-2024.
DSP Global Innovation Fund Of Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.77%
3.77%
6 Month Returns
21.47%
21.47%
1 Year Returns
31.19%
31.19%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
1.15% as on June 2024
₹838 Cr as on June 2024
Tech(53.36%), Consumer Cyclical(14.38%), Communication(12.45%) as on June 2024
The alpha ratio for the DSP Global Innovation Fund Of Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
DSP Global Innovation Fund Of Fund Direct Growth
-
-
-
As on June 2024
The alpha for DSP Global Innovation Fund Of Fund Direct Growth is calculated against MSCI ACWI NR LCL. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the DSP Global Innovation Fund Of Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
DSP Global Innovation Fund Of Fund Direct Growth
-
-
-
As on June 2024
The Beta for DSP Global Innovation Fund Of Fund Direct Growth is calculated with MSCI ACWI NR LCL. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the DSP Global Innovation Fund Of Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
DSP Global Innovation Fund Of Fund Direct Growth
1.28
-
-
As on June 2024
The sharpe ratio for DSP Global Innovation Fund Of Fund Direct Growth is calculated with MSCI ACWI NR LCL. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the DSP Global Innovation Fund Of Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
DSP Global Innovation Fund Of Fund Direct Growth
17.39
-
-
As on June 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Kedar Karnik, Jay Kothari are the fund managers of DSP Global Innovation Fund Of Fund Direct Growth
The Exit load of DSP Global Innovation Fund Of Fund Direct Growth is 0%