Equity
Direct
Index Funds
NAV as on 12-12-2024
₹ 25.13
1D
Inception Returns
13.8%
/yr
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.
DSP Nifty 50 Equal Weight Index Fund Direct Growth has given a CAGR return of 13.78% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 19.30%, 16.90% and 20.70% 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, Energy, Health, Industrial, Utilities, Communication. Its top holdings are Wipro Ltd, Tech Mahindra Ltd, Bharat Electronics Ltd, State Bank of India, HCL Technologies 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 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
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.
Expense ratio | 0.38% |
Benchmark | NIFTY 50 Equal Weight TR INR |
AUM | ₹1895 Cr |
Inception Date | 23 October, 2017 |
Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 25.48% |
STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (31-Oct-24)
Top 3 Sectors in October were Financial Services, Consumer Cyclical & Basic Materials
DSP Nifty 50 Equal Weight Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.14% | 1.14% |
6 Month Returns | 2.51% | 2.51% |
1 Year Returns | 19.3% | 19.3% |
3 Years Returns | 59.75% | 16.9% |
5 Years Returns | 156.15% | 20.7% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
DSP Nifty 50 Equal Weight Index Fund Direct Growth | - | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
DSP Nifty 50 Equal Weight Index Fund Direct Growth | - | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
DSP Nifty 50 Equal Weight Index Fund Direct Growth | 0.95 | 0.79 | 0.75 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
DSP Nifty 50 Equal Weight Index Fund Direct Growth | 14.48 | 14.18 | 20.05 |