DSP Nifty Next 50 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 21-11-2024
₹ 26.2
▲0.5%
1D
Inception Returns
18.6%
/yr
About 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 Diipesh Shah, Anil Ghelani. The fund could potentially beat inflation in the long-run.
Key Parameters
- DSP Nifty Next 50 Index Fund Direct Growth has ₹838 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
- The fund has an expense ratio 0.3.
Returns
DSP Nifty Next 50 Index Fund Direct Growth has given a CAGR return of 18.58% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 44.92%, 16.45% and 19.61% respectively.
Holdings
DSP Nifty Next 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Basic Materials, Utilities, Consumer Cyclical, Consumer Defensive, Health, Real Estate, Communication, Energy, Tech. Its top holdings are Hindustan Aeronautics Ltd Ordinary Shares, Vedanta Ltd, Divi's Laboratories Ltd, Tata Power Co Ltd, InterGlobe Aviation 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 Next 50 Index Fund Direct Growth
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 and lockin period
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.
Historical NAV & Returns
Annualised
▲
▼
36894 people have invested ₹ 8.7Cr in DSP Nifty Next 50 Index Fund Direct Growth in the last three months
INDmoney Rank for DSP Nifty Next 50 Index Fund Direct Growth
Powered by IND quant engine
10
/12
34% Performance
35% Cost
10 out of 12 among Index-Nifty-Next-50
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
No bad points found for this fund.
DSP Nifty Next 50 Index Fund Direct Growth Overview
| Expense ratio | 0.28% |
Benchmark | IISL Nifty Next 50 TR INR |
| AUM | ₹838 Cr |
| Inception Date | 21 February, 2019 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 39.78% |
| 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
91.8%
Mid cap
8.5%
Sector Allocation
Financial Services
22.6%
Industrial
18.7%
Basic Materials
12.4%
Utilities
9.7%
Consumer Cyclical
9.4%
Consumer Defensive
8.2%
Health
6.9%
Real Estate
3.2%
Communication
3.1%
Energy
2.9%
Tech
2.8%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -9.30% whereas the fund’s underlying benchmark Nifty Next 50 returns stands at -6.17% as on Oct'24
- This fund underperformed Nifty Next 50 by 3.14% in Oct'24
- AUM of the fund stands at 838 Cr as of Oct'24
- AUM decreased by 6.2 Cr between Oct'24 and Sep'24
Top Stocks bought last month
Hindustan Aeronautics Ltd Ordinary Shares's allocation increased from 2.97% to 4.34%
Divi's Laboratories Ltd's allocation increased from 3.37% to 4.03%
Bank of Baroda's allocation increased from 2.25% to 2.52%
Top Stocks sold last month
Vedanta Ltd's allocation decreased from 4.24 % to 4.24 %
InterGlobe Aviation Ltd's allocation decreased from 4.04 % to 3.77 %
TVS Motor Co Ltd's allocation decreased from 3.26 % to 3.15 %
Mid Cap allocation has gone up from 8.4% to 8.5%
Large Cap allocation has gone up from 91.8% to 91.8%
Cash allocation has gone down from -0.2% to -0.3%
Top 3 Sectors in October were Financial Services, Industrial & Basic Materials
Oct'24
Financial Services
23%
Industrial
19%
Basic Materials
12%
Sep'24
Financial Services
22%
Industrial
19%
Basic Materials
12%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Indian Railway Finance Corporation Ltd | 0.3% |
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Diipesh Shah
Fund Manager of DSP Nifty Next 50 Index Fund Direct Growth, since 1 November 2020
Top funds managed
Anil Ghelani
Fund Manager of DSP Nifty Next 50 Index Fund Direct Growth, since 24 July 2019
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 has one of the lowest expense ratio in the category (index funds). Its expense ratio is 0.28% which is lower than the category average expense ratio of 0.51%.
In the last 1 year, UTI Nifty Next 50 Index Fund Direct Growth has given 44.95% return, outperforming this fund by 0.04%.
Over the last 6 months, this fund has experienced a 61.2% growth in AUM moving from 520.02 Cr to 838.01 Cr.
In the last 3 years, Kotak Nifty Next 50 Index Fund Direct Growth has given 16.54% return, outperforming this fund by 0.09% per annum.
In the last 5 years, UTI Nifty Next 50 Index Fund Direct Growth has given 19.74% return, outperforming this fund by 0.13% per annum.
DSP Nifty Next 50 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 18.58% since inception which is more than its category average return of 14.08%
Fund Allocations
This fund has an allocation of 100.29% in Equity, 0% in Debt and -0.29% in Cash related instruments
AUM size ₹838 Cr
This fund has AUM of ₹838 Cr which is more than its category average of ₹ 826 Cr
Expense Ratio 0.28%
This fund has an expense ratio of 0.28% which is less than its category average expense ratio of 0.55%
Frequently Asked Questions for DSP Nifty Next 50 Index Fund Direct Growth
The current NAV of DSP Nifty Next 50 Index Fund Direct Growth is ₹26.2 as on 21-Nov-2024.
Existing (Absolute + CAGR) as on 21-Nov-2024.
DSP Nifty Next 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -8.73% | -8.73% |
6 Month Returns | 1.22% | 1.22% |
1 Year Returns | 44.92% | 44.92% |
3 Years Returns | 57.93% | 16.45% |
5 Years Returns | 144.78% | 19.61% |
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.
0.28% as on October 2024
₹838 Cr as on October 2024
Hindustan Aeronautics Ltd Ordinary Shares(4.34%), Vedanta Ltd(4.24%), Divi's Laboratories Ltd(4.03%), Tata Power Co Ltd(4%), InterGlobe Aviation Ltd(3.77%) as on October 2024
Financial Services(22.65%), Industrial(18.74%), Basic Materials(12.41%) as on October 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 | -0.44 | -0.27 | -0.43 |
As on October 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 October 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 | 2.37 | 0.74 | 0.76 |
As on October 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 | 17.77 | 18 | 19.73 |
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 1.2 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Diipesh Shah, Anil Ghelani 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%