DSP Nifty 50 Equal Weight Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 23-12-2024
₹ 24.29
1D
Inception Returns
13.1%
/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 ₹1895 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 13.11% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 14.10%, 17.39% and 19.21% 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, Tech, Consumer Defensive, Energy, Health, Industrial, Utilities, Communication. Its top holdings are Wipro Ltd, Tech Mahindra Ltd, Bharat Electronics Ltd, State Bank of India, HCL Technologies 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
Annualised
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50572 people have invested ₹ 7.6Cr 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 | 0.38% |
Benchmark | NIFTY 50 Equal Weight TR INR |
| AUM | ₹1895 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
99.9%
Sector Allocation
Financial Services
21.8%
Consumer Cyclical
15.3%
Basic Materials
12.2%
Tech
11.5%
Consumer Defensive
9.3%
Energy
9.3%
Health
8.3%
Industrial
6.4%
Utilities
3.9%
Communication
2.1%
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 Nov'24
- AUM increased by 8.2 Cr between Nov'24 and Oct'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 down from 100.1% to 99.9%
Cash allocation has gone up from -0.1% to 0.1%
Top 3 Sectors in November were Financial Services, Consumer Cyclical & Basic Materials
Nov'24
Financial Services
22%
Consumer Cyclical
15%
Basic Materials
12%
Oct'24
Financial Services
22%
Consumer Cyclical
15%
Basic Materials
12%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Bharat Electronics Ltd | 8.4% |
 Tata Consultancy Services Ltd | 4.9% |
 Tech Mahindra Ltd | 3.1% |
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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
₹1.87L Cr
as on 29-Nov-2024
Address
India
Phone
91-22-66578000
Website
service@dspblackrock.com
Mutual Fund Insights
In the last 1 year, Motilal Oswal Nifty Microcap 250 Index Fund Direct Growth has given 40.11% return, outperforming this fund by 26.01%.
This fund expense ratio is slightly on the lower side within the category (index funds). Its expense ratio is 0.38% which is lower than the category average expense ratio of 0.43%.
Over the last 6 months, this fund has experienced a 34.5% growth in AUM moving from 1.40K Cr to 1.89K Cr.
In the last 3 years, Motilal Oswal Nifty Midcap 150 Index Fund Direct Growth has given 24.93% return, outperforming this fund by 7.54% per annum.
In the last 5 years, Motilal Oswal Nifty Smallcap 250 Index Fund Direct Growth has given 30.28% return, outperforming this fund by 11.07% per annum.
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 13.11% since inception which is less than its category average return of 14.71%
Fund Allocations
This fund has an allocation of 99.94% in Equity, 0% in Debt and 0.06% in Cash related instruments
AUM size ₹1895 Cr
This fund has AUM of ₹1895 Cr which is more than its category average of ₹ 824 Cr
Expense Ratio 0.38%
This fund has an expense ratio of 0.38% which is less than its category average expense ratio of 0.56%
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 ₹24.29 as on 23-Dec-2024.
Existing (Absolute + CAGR) as on 23-Dec-2024.
DSP Nifty 50 Equal Weight Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -0.91% | -0.91% |
6 Month Returns | -1.97% | -1.97% |
1 Year Returns | 14.1% | 14.1% |
3 Years Returns | 61.77% | 17.39% |
5 Years Returns | 140.75% | 19.21% |
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0.38% as on November 2024
₹1895 Cr as on November 2024
Wipro Ltd(2.39%), Tech Mahindra Ltd(2.37%), Bharat Electronics Ltd(2.36%), State Bank of India(2.35%), HCL Technologies Ltd(2.3%) as on November 2024
Financial Services(21.75%), Consumer Cyclical(15.32%), Basic Materials(12.17%) as on November 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 November 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 November 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 | 0.95 | 0.79 | 0.75 |
As on November 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 | 14.48 | 14.18 | 20.05 |
As on November 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 1.34 as on November 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%