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

1. DSP Nifty Next 50 Index Fund Direct Growth has ₹1180 Cr worth of assets under management (AUM) as on Nov 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 15.93% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 3.44%, 17.94% and 18.60% respectively.

DSP Nifty Next 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Corporate, Utilities, Basic Materials, Consumer Defensive, Consumer Cyclical, Industrial, Health, Energy, Real Estate, Communication, Tech. Its top holdings are Hindustan Aeronautics Ltd Ordinary Shares, Divi's Laboratories Ltd, Vedanta Ltd, TVS Motor Co Ltd, Cholamandalam Investment and Finance 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.