DSP Nifty Healthcare ETF NFO: Key details you need to know

15 Jan 2024 , 02:23 PM

DSP Mutual Fund is launching NFO under its “ETF category”, named as DSP Nifty Healthcare ETF. The investment objective of the scheme is to seek to provide returns that, before expenses, correspond to the total return of the underlying index (Nifty Healthcare TRI), subject to tracking errors..

Investment strategy: The Scheme will track its Underlying Index and will use a “passive” or indexing approach to endeavor to achieve scheme’s investment objective. The scheme will neither try to beat the index it tracks nor take active approach in times when markets seem to be over/under valued.

Asset allocation: The scheme will be actively in equity and equity related securities covered by Nifty Healthcare Index, subject to tracking error.

Who should invest?

Investors with very high risk appetite and want to invest for 5 to 7 years to diversify their portfolio in healthcare companies stocks should invest in DSP Nifty Healthcare ETF. 

Risk associated: Very high level of risk.

Benchmark: Nifty Healthcare TRI.

Fund Managers: Mr Anil Ghelani, Mr Diipesh Shah 

The NFO is available for subscription from January 11 to January 25. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 5000/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in DSP Nifty Healthcare ETF.