DSP Nifty 50 Equal Weight Index Fund Direct Growth

DSP Nifty 50 Equal Weight Index Fund Direct Growth

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NAV: ₹ 19.5 as on 27-09-2023

Fund Performance
zero opening, trading, fund transfer fee
15053 people have invested ₹ 2.8Cr in DSP Nifty 50 Equal Weight Index Fund Direct Growth in the last three months

Fund Insights

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Over the last 6 months, this fund has experienced a 34.6% growth in AUM moving from 498.82 Cr to 671.27 Cr.
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In the last 5 years, this fund has outperformed all funds in its category.
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In the last 3 years, this fund has outperformed all funds in its category.
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In the last 1 year, this fund has outperformed all funds in its category.
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This fund has one of the lowest expense ratio in the category (index funds). Its expense ratio is 0.4% which is lower than the category average expense ratio of 0.69%.

INDmoney Rank

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Pros

5Y returns in the top 25% of the category

3Y returns in the top 25% of the category

Beats FD returns for both 3Y & 5Y duration

Cons

No bad points found for this fund.

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 ₹671 Cr worth of assets under management (AUM) as on Aug 2023 and is more than category average.
  2. The fund has an expense ratio 0.4.

DSP Nifty 50 Equal Weight Index Fund Direct Growth Overview

Expense ratio
Expense ratio
0.4%
Benchmark
Benchmark
NIFTY 50 Equal Weight Index PR INR
AUM
AUM
₹671 Cr
Inception Date
Inception Date
23 October, 2017
Min Lumpsum/SIP
Min Lumpsum/SIP
₹100/₹100
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
25.48%

Fund Distribution as on (31-Aug-23)

  • Equity 99.9%

  • Debt & Cash 0.1%

Size breakup

Large cap
99.9%

Sector Allocation

Aug'23

Jul'23

Jun'23

Financial Services

19.5%

Basic Materials

13.9%

Consumer Cyclical

13.9%

Tech

12.5%

Health

10.6%

Energy

9.6%

Consumer Defensive

9.5%

Industrial

4.4%

Utilities

4.2%

Communication

1.9%

Top Holdings of DSP Nifty 50 Equal Weight Index Fund Direct Growth as on (31-Aug-23)

  • Equity

Equity Holdings51

DSP Nifty 50 Equal Weight Index Fund Direct Growth: Monthly Changes Updates

All changes are between Jun'23 and Aug'23

Fund Performance

Aug'23
Jul'23
Jun'23
Fund Returns
-1.55%
3.17%
4.44%
Nifty 50 Equal Weight
-2.43%
2.23%
3.79%
  • This fund’s returns stands at -1.55% whereas the fund’s underlying benchmark Nifty 50 Equal Weight returns stands at -2.43% as on Aug'23
  • This fund outperformed Nifty 50 Equal Weight by 0.88% in Aug'23

AUM Change

Parameters
Aug'23
Jul'23
Jun'23
AUM
₹ 671.3 Cr
₹ 656.9 Cr
₹ 620.5 Cr
  • AUM of the fund stands at 671.3 Cr as of Aug'23
  • AUM increased by 14.4 Cr between Aug'23 and Jul'23

Fund Portfolio Changes

Gainers & Losers in DSP Nifty 50 Equal Weight Index Fund Direct Growth portfolio Returns for the month of Aug

DSP Nifty 50 Equal Weight Index Fund Direct Growth Fund Manager

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 Highlights

Risk meter
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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 11.88% since inception which is less than its category average return of 14.51%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.91% in Equity, 0% in Debt and 0.09% in Cash related instruments
AUM size ₹671 Cr

AUM size ₹671 Cr

This fund has AUM of ₹671 Cr which is more than its category average of ₹ 554 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 ₹19.46 as on 27-Sep-2023.
Existing (Absolute + CAGR) as on 27-Sep-2023.
DSP Nifty 50 Equal Weight Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
4.32%
4.32%
6 Month Returns
23.24%
23.24%
1 Year Returns
21.37%
21.37%
3 Years Returns
115.26%
29.12%
5 Years Returns
95.67%
14.37%
With INDmoney, the process of investing is very simple and involves zero commission.
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0.4% as on August 2023
₹671 Cr as on August 2023
Cipla Ltd(2.46%), NTPC Ltd(2.29%), Larsen & Toubro Ltd(2.2%), Adani Ports & Special Economic Zone Ltd(2.19%), Dr Reddy's Laboratories Ltd(2.16%) as on August 2023
Financial Services(19.49%), Basic Materials(13.91%), Consumer Cyclical(13.85%) as on August 2023
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 August 2023
The alpha for DSP Nifty 50 Equal Weight Index Fund Direct Growth is calculated against NIFTY 50 Equal Weight Index PR 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 August 2023
The Beta for DSP Nifty 50 Equal Weight Index Fund Direct Growth is calculated with NIFTY 50 Equal Weight Index PR 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
0.48
1.25
0.42
As on August 2023
The sharpe ratio for DSP Nifty 50 Equal Weight Index Fund Direct Growth is calculated with NIFTY 50 Equal Weight Index PR 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
12.05
15.5
20.28
As on August 2023
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 2.82 as on August 2023. 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%