DSP Nifty 50 Equal Weight Index Fund Direct Growth

DSP Nifty 50 Equal Weight Index Fund Direct Growth

Equity

Direct

Index Funds

NAV as on 12-12-2024

₹ 25.13

-0.5%

1D

Inception Returns

13.8%

/yr

About 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.

Key Parameters

  1. DSP Nifty 50 Equal Weight Index Fund Direct Growth has ₹1895 Cr worth of assets under management (AUM) as on Oct 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 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.

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, 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

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
49788 people have invested ₹ 7.7Cr in DSP Nifty 50 Equal Weight Index Fund Direct Growth in the last three months

INDmoney Rank for DSP Nifty 50 Equal Weight Index Fund Direct Growth

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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.

DSP Nifty 50 Equal Weight Index Fund Direct Growth Overview

Expense ratio0.38%
Benchmark
NIFTY 50 Equal Weight TR INR
AUM₹1895 Cr
Inception Date23 October, 2017
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
25.48%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Fund Distribution

as on (31-Oct-24)

  • Equity 99.9%

  • Debt & Cash 0.1%

Large cap
99.9%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
21.9%
Consumer Cyclical
15.2%
Basic Materials
12.4%
Tech
10.6%
Energy
9.8%
Consumer Defensive
9.5%
Health
8.4%
Industrial
6.2%
Utilities
3.9%
Communication
2%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-8.04%
2.65%
1.86%
Nifty 50
-6.17%
2.11%
0.90%
  • This fund’s returns stands at -8.04% whereas the fund’s underlying benchmark Nifty 50 returns stands at -6.17% as on Oct'24
  • This fund underperformed Nifty 50 by 1.87% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 1.9K Cr
₹ 1.9K Cr
₹ 1.8K Cr
  • AUM of the fund stands at 1.9K Cr as of Oct'24
  • AUM decreased by 19.7 Cr between Oct'24 and Sep'24
Top Stocks bought last month
State Bank of India's allocation increased from 1.98% to 2.24%
State Bank of India's allocation increased from 1.98% to 2.24%
Wipro Ltd's allocation increased from 2.01% to 2.23%
Wipro Ltd's allocation increased from 2.01% to 2.23%
Tech Mahindra Ltd's allocation increased from 1.96% to 2.17%
Tech Mahindra Ltd's allocation increased from 1.96% to 2.17%
Top Stocks sold last month
Eicher Motors Ltd's allocation decreased from 5.26 % to 2.17 %
Eicher Motors Ltd's allocation decreased from 5.26 % to 2.17 %
Hindalco Industries Ltd's allocation decreased from 2.1 % to 2.07 %
Hindalco Industries Ltd's allocation decreased from 2.1 % to 2.07 %
Britannia Industries Ltd's allocation decreased from 2.04 % to 2.01 %
Britannia Industries Ltd's allocation decreased from 2.04 % to 2.01 %
Large Cap allocation has gone up from 100.1% to 100.1%
Large Cap allocation has gone up from 100.1% to 100.1%
Cash allocation has gone down from -0.1% to -0.1%
Cash allocation has gone down from -0.1% to -0.1%

Top 3 Sectors in October were Financial Services, Consumer Cyclical & Basic Materials

Oct'24
Financial Services
22%
Consumer Cyclical
15%
Basic Materials
12%
Sep'24
Financial Services
22%
Consumer Cyclical
16%
Basic Materials
12%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
52
52
52
Top 5 Company Concentration
11%
10.5%
11.5%
Company having highest exposure
State Bank of India (2.2%)
Bharat Petroleum Corp Ltd (2.2%)
SBI Life Insurance Company Limited (2.3%)
No of Sectors
10
10
10
Top 5 Sectors Concentration
69.9%
70.2%
69.7%
Sector having highest exposure
Financial Services (21.9%)
Financial Services (21.7%)
Financial Services (21.3%)
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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
Fund House
DSP Asset Managers Private Limited
Total Schemes
Total AUM
₹1.28L Cr
as on 30-Sep-2023
Address
India
Phone
91-22-66578000
Website
service@dspblackrock.com

Mutual Fund Insights

Insights icon
This fund expense ratio is slightly on the lower side within the category (index funds). Its expense ratio is 0.38% which is lower than the category average expense ratio of 0.43%.
Insights icon
In the last 5 years, Motilal Oswal Nifty Smallcap 250 Index Fund Direct Growth has given 31.61% return, outperforming this fund by 10.91% per annum.
Insights icon
Over the last 6 months, this fund has experienced a 34.5% growth in AUM moving from 1.40K Cr to 1.89K Cr.
Insights icon
In the last 1 year, UTI Nifty Next 50 Index Fund Direct Growth has given 44.12% return, outperforming this fund by 24.82%.
Insights icon
In the last 3 years, Motilal Oswal Nifty Midcap 150 Index Fund Direct Growth has given 23.46% return, outperforming this fund by 6.56% per annum.

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 13.78% since inception which is less than its category average return of 17.52%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.94% in Equity, 0% in Debt and 0.06% in Cash related instruments
AUM size ₹1895 Cr

AUM size ₹1895 Cr

This fund has AUM of ₹1895 Cr which is more than its category average of ₹ 806 Cr
Expense Ratio 0.38%

Expense Ratio 0.38%

This fund has an expense ratio of 0.38% which is less than its category average expense ratio of 0.53%

Frequently Asked Questions for DSP Nifty 50 Equal Weight Index Fund Direct Growth

The current NAV of DSP Nifty 50 Equal Weight Index Fund Direct Growth is ₹25.13 as on 12-Dec-2024.
Existing (Absolute + CAGR) as on 12-Dec-2024.
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%
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0.38% as on November 2024
₹1895 Cr as on November 2024
Wipro Ltd(2.39%), Tech Mahindra Ltd(2.37%), Bharat Electronics Ltd(2.36%), State Bank of India(2.35%), HCL Technologies Ltd(2.3%) as on November 2024
Financial Services(21.75%), Consumer Cyclical(15.32%), Basic Materials(12.17%) as on November 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 November 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 November 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
0.95
0.79
0.75
As on November 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
14.48
14.18
20.05
As on November 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 1.34 as on November 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%