DSP S&P BSE Sensex ETF NFO: Everything you need to know

18 Jul 2023 , 01:09 PM

DSP Mutual Fund is launching NFO under its “ETF category”, named as DSP S&P BSE Sensex ETF. This open-ended fund aims to generate returns that, before expenses, correspond to the total return of the underlying index (S&P BSE Sensex TRI), subject to tracking errors.

Investment strategy: The Scheme will track its Underlying Index and will use a “passive” or indexing approach to endeavour 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 invest in equity and equity related securities covered by S&P BSE Sensex Index.

Who should invest?

Investors with very high risk appetite and want to invest for 5 to 7 years in a mutual fund should invest in DSP S&P BSE Sensex ETF. 

Risk associated: Very high level of risk.

Benchmark: NIFTY S&P BSE Sensex Index

Fund Managers: Mr. Amil Ghelani and Mr. Diipesh Shah.

The NFO is available for subscription from July 17 to July 21. 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 S&P BSE Sensex ETF.