DSP Nifty 50 Equal Weight Index Fund Direct Growth
Equity
Direct
Index Funds
NAV: ₹ 19.5 as on 27-09-2023
Fund Performance
15053 people have invested ₹ 2.8Cr in DSP Nifty 50 Equal Weight Index Fund Direct Growth in the last three months
Fund Insights
Over the last 6 months, this fund has experienced a 34.6% growth in AUM moving from 498.82 Cr to 671.27 Cr.
In the last 5 years, this fund has outperformed all funds in its category.
In the last 3 years, this fund has outperformed all funds in its category.
In the last 1 year, this fund has outperformed all funds in its category.
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
Powered by IND quant engine
IND ranking is not available for this fund.
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
- 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.
- The fund has an expense ratio 0.4.
DSP Nifty 50 Equal Weight Index Fund Direct Growth Overview
 | 0.4% |
 Benchmark | NIFTY 50 Equal Weight Index PR INR |
 | ₹671 Cr |
 | 23 October, 2017 |
 | ₹100/₹100 |
 | 0% |
 | No Lock-in |
 TurnOver | 25.48% |
Fund Distribution as on (31-Aug-23)
Size breakup
Large cap
99.9%
Sector Allocation
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 Holdings51
DSP Nifty 50 Equal Weight Index Fund Direct Growth: Monthly Changes Updates
All changes are between Jun'23 and Aug'23
Fund Performance
- 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
- 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
Top Growth Drivers | 1M Return |
|---|---|
 Mahindra & Mahindra Ltd | 5.5% |
 Infosys Ltd | 5.1% |
 Tech Mahindra Ltd | 5.1% |
Top Losers | 1M Return |
|---|---|
 State Bank of India | -8.3% |
 Britannia Industries Ltd | -7.3% |
 Tata Motors Ltd | -6.6% |
Peer Analysis
DSP Nifty 50 Equal Weight Index Fund Direct Growth Fund Manager
Anil Ghelani
Fund Manager of DSP Nifty 50 Equal Weight Index Fund Direct Growth, since 24 July 2019
Top funds managed
Diipesh Shah
Fund Manager of DSP Nifty 50 Equal Weight Index Fund Direct Growth, since 1 November 2020
Top funds managed
Fund Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
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
This fund has an allocation of 99.91% in Equity, 0% in Debt and 0.09% in Cash related instruments
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%
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.
- 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 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%