DSP Nifty 50 Equal Weight Index Fund Direct Growth

Equity
Direct
Index Funds
DSP Nifty 50 Equal Weight Index Fund Direct Growth

About the Fund

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.

Key Parameters

  1. DSP Nifty 50 Equal Weight Index Fund Direct Growth has ₹1559 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
  2. The fund has an expense ratio 0.4.

Returns

DSP Nifty 50 Equal Weight Index Fund Direct Growth has given a CAGR return of 14.93% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 35.73%, 21.30% and 21.45% respectively.

Holdings

DSP Nifty 50 Equal Weight Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Basic Materials, Tech, Energy, Consumer Defensive, Health, Utilities, Industrial, Communication. Its top holdings are Reliance Industries Ltd, UltraTech Cement Ltd, Grasim Industries Ltd, Dr Reddy's Laboratories Ltd, LTIMindtree Ltd

Taxation

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 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 Nifty 50 Equal Weight Index Fund Direct Growth

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 and lockin period

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.

Fund Performance
zero opening, trading, fund transfer fee
50197 people have invested ₹ 6.6Cr in DSP Nifty 50 Equal Weight Index Fund Direct Growth in the last three months

INDmoney Rank

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IND ranking is not available for this fund.
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5Y returns in the top 25% of the category
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Beats FD returns for both 3Y & 5Y duration
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No bad points found for this fund.

Fund Overview

Expense ratio0.4%
Benchmark
NIFTY 50 Equal Weight TR INR
AUM₹1559 Cr
Inception Date23 October, 2017
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
25.48%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 99.7%

  • Debt & Cash 0.3%

Large cap
97.7%

Mid cap
2%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
21.7%
Consumer Cyclical
13.8%
Basic Materials
12.2%
Tech
12.1%
Energy
10.2%
Consumer Defensive
10%
Health
10%
Utilities
4.1%
Industrial
4%
Communication
2%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

Anil Ghelani
Anil Ghelani
Fund Manager of DSP Nifty 50 Equal Weight Index Fund Direct Growth, since 24 July 2019
Diipesh Shah
Diipesh Shah
Fund Manager of DSP Nifty 50 Equal Weight Index Fund Direct Growth, since 1 November 2020

Mutual Fund Insights

Insights icon
In the last 5 years, this fund has outperformed all funds in its category.
Insights icon
In the last 1 year, Motilal Oswal BSE Enhanced Value Index Fund Direct Growth has given 87.67% return, outperforming this fund by 51.94%.
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In the last 3 years, this fund has outperformed all funds in its category.
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Over the last 6 months, this fund has experienced a 55.3% growth in AUM moving from 1.00K Cr to 1.55K Cr.

DSP Nifty 50 Equal Weight Index 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 14.93% since inception which is less than its category average return of 22.45%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.69% in Equity, 0% in Debt and 0.31% in Cash related instruments
AUM size ₹1559 Cr

AUM size ₹1559 Cr

This fund has AUM of ₹1559 Cr which is more than its category average of ₹ 801 Cr
Expense Ratio 0.4%

Expense Ratio 0.4%

This fund has an expense ratio of 0.4% which is less than its category average expense ratio of 0.54%

Frequently Asked Questions

The current NAV of DSP Nifty 50 Equal Weight Index Fund Direct Growth is ₹25.55 as on 19-Jul-2024.
Existing (Absolute + CAGR) as on 19-Jul-2024.
DSP Nifty 50 Equal Weight Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.75%
3.75%
6 Month Returns
15.7%
15.7%
1 Year Returns
35.73%
35.73%
3 Years Returns
78.47%
21.3%
5 Years Returns
164.23%
21.45%
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.
0.4% as on June 2024
₹1559 Cr as on June 2024
Reliance Industries Ltd(2.12%), UltraTech Cement Ltd(2.12%), Grasim Industries Ltd(2.09%), Dr Reddy's Laboratories Ltd(2.08%), LTIMindtree Ltd(2.07%) as on June 2024
Financial Services(21.63%), Consumer Cyclical(13.77%), Basic Materials(12.14%) as on June 2024
The alpha ratio for the DSP Nifty 50 Equal Weight Index Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
DSP Nifty 50 Equal Weight Index Fund Direct Growth
-
-
-
As on June 2024
The alpha for DSP Nifty 50 Equal Weight Index Fund Direct Growth is calculated against NIFTY 50 Equal Weight TR INR. 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 Nifty 50 Equal Weight Index Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
DSP Nifty 50 Equal Weight Index Fund Direct Growth
-
-
-
As on June 2024
The Beta for DSP Nifty 50 Equal Weight Index Fund Direct Growth is calculated with NIFTY 50 Equal Weight TR INR. 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 Nifty 50 Equal Weight Index Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
DSP Nifty 50 Equal Weight Index Fund Direct Growth
2.13
1.06
0.75
As on June 2024
The sharpe ratio for DSP Nifty 50 Equal Weight Index Fund Direct Growth is calculated with NIFTY 50 Equal Weight TR INR. 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 Nifty 50 Equal Weight Index Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
DSP Nifty 50 Equal Weight Index Fund Direct Growth
11.56
13.42
19.99
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.
Sortino ratio is 2.06 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Anil Ghelani, Diipesh Shah are the fund managers of DSP Nifty 50 Equal Weight Index Fund Direct Growth
The Exit load of DSP Nifty 50 Equal Weight Index Fund Direct Growth is 0%