DSP Nifty Next 50 Index Fund Direct Growth

DSP Nifty Next 50 Index Fund Direct Growth is an equity fund. This fund was started on 21 February, 2019. The fund is managed by Diipesh Shah, Anil Ghelani. The fund could potentially beat inflation in the long-run.

1. DSP Nifty Next 50 Index Fund Direct Growth has ₹1008 Cr worth of assets under management (AUM) as on May 2025 and is more than category average.
2. The fund has an expense ratio 0.3.
   

DSP Nifty Next 50 Index Fund Direct Growth has given a CAGR return of 16.59% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of -5.16%, 22.49% and 22.20% respectively.

DSP Nifty Next 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Defensive, Utilities, Consumer Cyclical, Basic Materials, Health, Energy, Real Estate, Communication, Tech. Its top holdings are InterGlobe Aviation Ltd, Hindustan Aeronautics Ltd Ordinary Shares, Divi's Laboratories Ltd, Vedanta Ltd, Indian Hotels Co 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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

To invest in companies which are constituents of NIFTY Next 50 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. However, there is no assurance that the objective of the Scheme will be achieved.

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. DSP Nifty Next 50 Index Fund Direct Growth has no lock in period.