DSP Nifty 50 Equal Weight Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 24-01-2025
₹ 23.91
▲0.6%
1D
Inception Returns
12.9%
/yr
About DSP Nifty 50 Equal Weight Index Fund Direct Growth
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 ₹1896 Cr worth of assets under management (AUM) as on Nov 2024 and is more than category average.
- The fund has an expense ratio 0.4.
Returns
DSP Nifty 50 Equal Weight Index Fund Direct Growth has given a CAGR return of 12.87% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 11.01%, 14.84% and 19.09% respectively.
Holdings
DSP Nifty 50 Equal Weight Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Basic Materials, Consumer Defensive, Energy, Tech, Health, Industrial, Utilities, Communication. Its top holdings are Adani Enterprises Ltd, IndusInd Bank Ltd, Cipla Ltd, Dr Reddy's Laboratories Ltd, Sun Pharmaceuticals Industries Ltd
Taxation
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 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of DSP Nifty 50 Equal Weight Index Fund Direct Growth
To invest in companies which are constituents of NIFTY 50 Equal Weight 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. There is no assurance that the investment objective of the Scheme will be realized.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. DSP Nifty 50 Equal Weight Index Fund Direct Growth has no lock in period.
Historical NAV & Returns
Absolute
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47982 people have invested ₹ 6.4Cr in DSP Nifty 50 Equal Weight Index Fund Direct Growth in the last three months
INDmoney Rank for DSP Nifty 50 Equal Weight Index Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
5Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y duration
No bad points found for this fund.
DSP Nifty 50 Equal Weight Index Fund Direct Growth Overview
| Expense ratio | 0.39% |
Benchmark | NIFTY 50 Equal Weight TR INR |
| AUM | ₹1896 Cr |
| Inception Date | 23 October, 2017 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 25.48% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Fund Distribution
as on (30-Nov-24)
Large cap
100.1%
Sector Allocation
Financial Services
22%
Consumer Cyclical
16%
Basic Materials
11.9%
Consumer Defensive
10.1%
Energy
10.1%
Tech
10%
Health
8.2%
Industrial
6%
Utilities
4%
Communication
2%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at -2.40% whereas the fund’s underlying benchmark Nifty 50 returns stands at -0.71% as on Nov'24
- This fund underperformed Nifty 50 by 1.69% in Nov'24
- AUM of the fund stands at 1.9K Cr as of Dec'24
- AUM increased by 1.2 Cr between Dec'24 and Nov'24
Top Stocks bought last month
Bharat Electronics Ltd's allocation increased from 2.13% to 2.36%
Mahindra & Mahindra Ltd's allocation increased from 1.91% to 2.13%
Tata Consultancy Services Ltd's allocation increased from 2.01% to 2.22%
Top Stocks sold last month
Eicher Motors Ltd's allocation decreased from 5.26 % to 2.19 %
Grasim Industries Ltd's allocation decreased from 2.19 % to 2.17 %
Apollo Hospitals Enterprise Ltd's allocation decreased from 2.13 % to 2.13 %
Large Cap allocation has gone up from 99.9% to 100.1%
Cash allocation has gone down from 0.1% to -0.1%
Top 3 Sectors in December were Financial Services, Consumer Cyclical & Basic Materials
Dec'24
Financial Services
22%
Consumer Cyclical
16%
Basic Materials
12%
Nov'24
Financial Services
22%
Consumer Cyclical
15%
Basic Materials
12%
See all
Top Losers | 1M Return |
|---|---|
 Grasim Industries Ltd | -5.5% |
 Hero MotoCorp Ltd | -5.1% |
 Coal India Ltd | -1% |
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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 House
DSP Asset Managers Private Limited
Total Schemes
Total AUM
₹1.28L Cr
as on 30-Sep-2023
Address
India
Phone
91-22-66578000
Website
service@dspblackrock.com
Mutual Fund Insights
This fund expense ratio is slightly on the lower side within the category (index funds). Its expense ratio is 0.39% which is lower than the category average expense ratio of 0.43%.
Over the last 6 months, this fund has experienced a 21.6% growth in AUM moving from 1.55K Cr to 1.89K Cr.
In the last 3 years, Motilal Oswal Nifty Midcap 150 Index Fund Direct Growth has given 20.73% return, outperforming this fund by 5.88% per annum.
In the last 5 years, Motilal Oswal Nifty Smallcap 250 Index Fund Direct Growth has given 25.74% return, outperforming this fund by 6.64% per annum.
In the last 1 year, ICICI Prudential Nifty Auto Index Fund Direct Growth has given 22.84% return, outperforming this fund by 11.83%.
DSP Nifty 50 Equal Weight Index Fund Direct Growth 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 12.87% since inception which is more than its category average return of 10.9%
Fund Allocations
This fund has an allocation of 100.12% in Equity, 0% in Debt and -0.12% in Cash related instruments
AUM size ₹1896 Cr
This fund has AUM of ₹1896 Cr which is more than its category average of ₹ 806 Cr
Expense Ratio 0.39%
This fund has an expense ratio of 0.39% which is less than its category average expense ratio of 0.55%
Frequently Asked Questions for DSP Nifty 50 Equal Weight Index Fund Direct Growth
The current NAV of DSP Nifty 50 Equal Weight Index Fund Direct Growth is ₹23.91 as on 24-Jan-2025.
Existing (Absolute + CAGR) as on 24-Jan-2025.
DSP Nifty 50 Equal Weight Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -0.9% | -0.9% |
6 Month Returns | -5.98% | -5.98% |
1 Year Returns | 11.01% | 11.01% |
3 Years Returns | 51.47% | 14.84% |
5 Years Returns | 139.58% | 19.09% |
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0.39% as on December 2024
₹1896 Cr as on December 2024
Adani Enterprises Ltd(2.11%), IndusInd Bank Ltd(2.07%), Cipla Ltd(2.06%), Dr Reddy's Laboratories Ltd(2.06%), Sun Pharmaceuticals Industries Ltd(2.05%) as on December 2024
Financial Services(21.98%), Consumer Cyclical(15.97%), Basic Materials(11.87%) as on December 2024
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 December 2024
The alpha for DSP Nifty 50 Equal Weight Index Fund Direct Growth is calculated against NIFTY 50 Equal Weight 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 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 December 2024
The Beta for DSP Nifty 50 Equal Weight Index Fund Direct Growth is calculated with NIFTY 50 Equal Weight 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 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 | 0.29 | 0.67 | 0.73 |
As on December 2024
The sharpe ratio for DSP Nifty 50 Equal Weight Index Fund Direct Growth is calculated with NIFTY 50 Equal Weight 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 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 | 13.1 | 14.28 | 20.1 |
As on December 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 1.13 as on December 2024. 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%