DSP Nifty Next 50 Index Fund Direct Growth

DSP Nifty Next 50 Index Fund Direct Growth

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Index Funds
NAV: ₹ 26.96 as on 23-05-2024

About the Fund

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 Anil Ghelani, Diipesh Shah. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. DSP Nifty Next 50 Index Fund Direct Growth has ₹520 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
  2. The fund has an expense ratio 0.3.
Fund Performance
zero opening, trading, fund transfer fee
6528 people have invested ₹ 3.2Cr in DSP Nifty Next 50 Index Fund Direct Growth in the last three months

Overview

Expense ratio
Expense ratio
0.3%
Benchmark
Benchmark
IISL Nifty Next 50 TR INR
AUM
AUM
₹520 Cr
Inception Date
Inception Date
21 February, 2019
Min Lumpsum/SIP
Min Lumpsum/SIP
₹100/₹100
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
39.78%

DSP Nifty Next 50 Index Fund Direct Growth Distribution as on (30-Apr-24)

  • Equity 99.8%

  • Debt & Cash 0.2%

Size breakup

Large cap
87.3%
Mid cap
12.5%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
23.8%
Industrial
19.3%
Basic Materials
13.2%
Consumer Cyclical
12.1%
Consumer Defensive
11.1%
Utilities
9.5%
Energy
3.2%
Real Estate
3%
Health
2.5%
Communication
2.4%

Top Holdings of DSP Nifty Next 50 Index Fund Direct Growth as on (30-Apr-24)

  • Equity

Equity Holdings50

Gainers & Losers Returns for the month of Apr

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
7.03%
2.72%
6.75%
Nifty Next 50
0.64%
-0.05%
1.32%
  • This fund’s returns stands at 7.03% whereas the fund’s underlying benchmark Nifty Next 50 returns stands at 0.64% as on Apr'24
  • This fund outperformed Nifty Next 50 by 6.39% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 520 Cr
₹ 468.3 Cr
₹ 434.9 Cr
  • AUM of the fund stands at 520 Cr as of Apr'24
  • AUM increased by 51.7 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Mutual Fund Insights

Insights icon
In the last 5 years, UTI Nifty Next 50 Index Fund Direct Growth has given 21.26% return, outperforming this fund by 0.24% per annum.
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This fund has one of the lowest expense ratio in the category (index funds). Its expense ratio is 0.3% which is lower than the category average expense ratio of 0.53%.
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Over the last 6 months, this fund has experienced a 75.2% growth in AUM moving from 296.89 Cr to 520.02 Cr.
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In the last 3 years, Kotak Nifty Next 50 Index Fund Direct Growth has given 23.65% return, outperforming this fund by 0.14% per annum.
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In the last 1 year, this fund has outperformed all funds in its category.

INDmoney Rank

Powered by IND quant engine
10
/12
30% Performance
21% Cost
10 out of 12 among Index-Nifty-Next-50

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

Cons

Higher tracking error

Fund Manager

Anil Ghelani
Anil Ghelani
Fund Manager of DSP Nifty Next 50 Index Fund Direct Growth, since 24 July 2019
Diipesh Shah
Diipesh Shah
Fund Manager of DSP Nifty Next 50 Index Fund Direct Growth, since 1 November 2020

DSP Nifty Next 50 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 20.8% since inception which is more than its category average return of 20.41%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.83% in Equity, 0% in Debt and 0.17% in Cash related instruments
AUM size ₹520 Cr

AUM size ₹520 Cr

This fund has AUM of ₹520 Cr which is less than its category average of ₹ 717 Cr
Expense Ratio 0.3%

Expense Ratio 0.3%

This fund has an expense ratio of 0.3% which is less than its category average expense ratio of 0.53%

Frequently Asked Questions

The current NAV of DSP Nifty Next 50 Index Fund Direct Growth is ₹26.96 as on 23-May-2024.
Existing (Absolute + CAGR) as on 23-May-2024.
DSP Nifty Next 50 Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
9.6%
9.6%
6 Month Returns
47.37%
47.37%
1 Year Returns
68.35%
68.35%
3 Years Returns
88.43%
23.51%
5 Years Returns
159.61%
21.02%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select your bank account and proceed with Payment.
0.3% as on April 2024
₹520 Cr as on April 2024
Trent Ltd(5%), Bharat Electronics Ltd(4.3%), Tata Power Co Ltd(3.91%), Hindustan Aeronautics Ltd Ordinary Shares(3.79%), Power Finance Corp Ltd(3.3%) as on April 2024
Financial Services(23.74%), Industrial(19.24%), Basic Materials(13.15%) as on April 2024
The alpha ratio for the DSP Nifty Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
DSP Nifty Next 50 Index Fund Direct Growth
-0.24
-0.29
-0.49
As on April 2024
The alpha for DSP Nifty Next 50 Index Fund Direct Growth is calculated against IISL Nifty Next 50 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 Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
DSP Nifty Next 50 Index Fund Direct Growth
1
1
0.99
As on April 2024
The Beta for DSP Nifty Next 50 Index Fund Direct Growth is calculated with IISL Nifty Next 50 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 Next 50 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 Next 50 Index Fund Direct Growth
3.21
1.03
0.74
As on April 2024
The sharpe ratio for DSP Nifty Next 50 Index Fund Direct Growth is calculated with IISL Nifty Next 50 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 Next 50 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 Next 50 Index Fund Direct Growth
14.02
17.14
19.28
As on April 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 1.86 as on April 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Anil Ghelani, Diipesh Shah are the fund managers of DSP Nifty Next 50 Index Fund Direct Growth
The Exit load of DSP Nifty Next 50 Index Fund Direct Growth is 0%