DSP Nifty 50 Equal Weight Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 22-11-2024
₹ 24.62
▲2.3%
1D
Inception Returns
13.6%
/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 ₹1887 Cr worth of assets under management (AUM) as on Oct 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 13.56% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 23.40%, 16.14% and 19.94% 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, Energy, Consumer Defensive, Health, Industrial, Utilities, Communication. Its top holdings are State Bank of India, Wipro Ltd, Grasim Industries Ltd, HDFC Life Insurance Co Ltd, Tech Mahindra 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
▲
▼
49831 people have invested ₹ 7.8Cr 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 | ₹1887 Cr |
| Inception Date | 23 October, 2017 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 25.48% |
| STCG | Redeeming 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 (31-Oct-24)
Large cap
100.1%
Sector Allocation
Financial Services
21.9%
Consumer Cyclical
15.2%
Basic Materials
12.4%
Tech
10.6%
Energy
9.8%
Consumer Defensive
9.5%
Health
8.4%
Industrial
6.2%
Utilities
3.9%
Communication
2%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -8.04% whereas the fund’s underlying benchmark Nifty 50 returns stands at -6.17% as on Oct'24
- This fund underperformed Nifty 50 by 1.87% in Oct'24
- AUM of the fund stands at 1.9K Cr as of Oct'24
- AUM decreased by 19.7 Cr between Oct'24 and Sep'24
Top Stocks bought last month
State Bank of India's allocation increased from 1.98% to 2.24%
Wipro Ltd's allocation increased from 2.01% to 2.23%
Tech Mahindra Ltd's allocation increased from 1.96% to 2.17%
Top Stocks sold last month
Eicher Motors Ltd's allocation decreased from 5.26 % to 2.17 %
Hindalco Industries Ltd's allocation decreased from 2.1 % to 2.07 %
Britannia Industries Ltd's allocation decreased from 2.04 % to 2.01 %
Large Cap allocation has gone up from 100.1% to 100.1%
Cash allocation has gone down from -0.1% to -0.1%
Top 3 Sectors in October were Financial Services, Consumer Cyclical & Basic Materials
Oct'24
Financial Services
22%
Consumer Cyclical
15%
Basic Materials
12%
Sep'24
Financial Services
22%
Consumer Cyclical
16%
Basic Materials
12%
See all
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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
In the last 5 years, this fund has outperformed all funds in its category.
In the last 3 years, Aditya Birla Sun Life Nifty Smallcap 50 Index Fund Direct Growth has given 18.65% return, outperforming this fund by 2.5% per annum.
Over the last 6 months, this fund has experienced a 40.2% growth in AUM moving from 1.34K Cr to 1.88K Cr.
In the last 1 year, UTI Nifty 500 Value 50 Index Fund Direct Growth has given 44.65% return, outperforming this fund by 21.24%.
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 13.56% since inception which is less than its category average return of 14.75%
Fund Allocations
This fund has an allocation of 100.07% in Equity, 0% in Debt and -0.07% in Cash related instruments
AUM size ₹1887 Cr
This fund has AUM of ₹1887 Cr which is more than its category average of ₹ 818 Cr
Expense Ratio 0.38%
This fund has an expense ratio of 0.38% which is less than its category average expense ratio of 0.54%
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 ₹24.62 as on 22-Nov-2024.
Existing (Absolute + CAGR) as on 22-Nov-2024.
DSP Nifty 50 Equal Weight Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -4.4% | -4.4% |
6 Month Returns | 3.85% | 3.85% |
1 Year Returns | 23.4% | 23.4% |
3 Years Returns | 56.67% | 16.14% |
5 Years Returns | 148.19% | 19.94% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.38% as on October 2024
₹1887 Cr as on October 2024
State Bank of India(2.24%), Wipro Ltd(2.23%), Grasim Industries Ltd(2.19%), HDFC Life Insurance Co Ltd(2.18%), Tech Mahindra Ltd(2.17%) as on October 2024
Financial Services(21.93%), Consumer Cyclical(15.25%), Basic Materials(12.37%) as on October 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 October 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 October 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 | 1.6 | 0.75 | 0.78 |
As on October 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 | 14.85 | 14.35 | 19.97 |
As on October 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 1.26 as on October 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%