Friday, August 16, 2024

Dsp nifty 50 equal weight index fund direct growth - Review

dsp 50 equal weight index fund direct growth

This is a new Nifty 50 index fund and it is a mutual fund of DSP company. It was established in 2017. Its holding period is 10 years. It is a high risk index fund. Tracking error is 0.05%. You can invest at least 100 or its multiples in it. You can do both SIP and Lumpsum. And the fund type is equity and index.

Dsp nifty 50 equal weight index fund direct growth review

Exit load of this fund is zero, this fund has invested in big stocks like Infosys, Tata Consultancy Services, HCL, Tech Mahindra, Wipro, Mahindra & Mahindra, Bajaj, Hero, State Bank, Kotak, Axis, HDFC, Dr. Reddy's, Shriram Finance, ITC, Hindustan Unilever etc.

Dsp nifty 50 equal weight index fund
Dsp nifty 50 equal weight index fund

DSP Nifty 50 equal weight index fund DSP Group is a 152-year-old financial company. The firm started its stockbroking business in the 1860s. A member of the family that founded the group founded the Bombay Stock Exchange (BSE). 

For almost 30 years, we have been helping salaried people, high net worth individuals, NRIs, small and medium business owners, large private and public corporations, trusts and foreign institutional investors grow their wealth by guiding them to make better investments. And this inspires us to manage our wealth carefully and responsibly by following the right principles.

DSP mutual fund full form

DSP Mutual Fund's full form is Discipline Science and Processes.

DSP Nifty 50 Equal Weight Index Fund NAV

Currently the NAV of dsp Nifty 50 equal weight index fund is around 25 NAV on 14th August 2024.

dsp nifty 50 equal weight index fund direct growth peer comparison 

  • Baroda BNP Paribas Large Cap Fund Direct-Growth
  • ICICI Prudential Bluechip Fund Direct-Growth
  • JM Large Cap Fund Direct Plan-Growth
  • Quant Focused Fund Direct-Growth
  • UTI Nifty50 Equal Weight Index Fund Direct - Growth
  • Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct - Growth
  • SBI Nifty 50 Equal Weight Index Fund Direct - Growth
  • HDFC Nifty 50 Equal Weight Index Fund Direct - Growth

Who is manager of dsp nifty 50 equal weight index fund direct growth 

This fund has two managers Anil Gilani and Dipesh Shah. Anil has 26 years of experience and has been managing this fund since July 2019. Dipesh has 23 years of experience and has been managing this fund since November 2020.

Portfolio allocation of dsp nifty 50 equal weight index fund direct growth 

As far as portfolio allocation is concerned, DAP Nifty 50 Equal Weight Index Fund has made a very good allocation. 

In which 12% is invested in IT software, 11% in automobiles, 

11% in banks, 

8% in pharmaceuticals, 

5% in finance, 

4% in insurance, 

4% in FMCG, 

4% in power, 

4% in petroleum, 

4% in cement, 

3% in consumer, food, ferrous metals, 

2% in oil, agriculture, transport, 

1% in construction, telecom, health, mineral trading etc. and 1 or 2 percent in other such categories.

What is the AUM of dsp Nifty 50 equal weight index fund direct growth 

Dsp nifty 50 equal weight index fund direct growth AUM (asset under management) The full form of AUM is assets under management. It is the size of your portfolio, how big is the size like its AUM is Rs.1683 crores on 31st July 2024. It keeps increasing and decreasing with time.

Dsp Nifty 50 equal weight index fund expense ratio

As of August 1, 2024, the fund's expense ratio was 0.4%, which is higher than most other large-cap index funds.

Indicators of dsp nifty 50 equal weight index fund

DAP Nifty 50 Equal Weight Index Fund Indicators Portfolio Turnover Ratio is 0.23 in last 12 month and Tracking Error is 0.05% and Tracking Error ABS is 0.003%.

dsp nifty 50 equal weight index fund performance 

If we look at its history, dsp Nifty 50 equal weight index fund direct growth has given good returns, 38% in the last one year, 22% in the third year, 23% in the fifth year, and if we look at the beginning, it has given returns of around 15%.

dsp nifty 50 equal weight index fund minimum investment 

In this you can deposit a minimum of Rs 100 or you can do SIP also, you can deposit a lump sum amount of Rs 100 also. You can withdraw a minimum of Rs 500.

Best nifty 50 equal weight index fund india

Direct Fund

  • DSP Nifty 50 Equal Weight Index Fund
  • HDFC Nifty 50 Equal Weight Index Fund
  • SBI Nifty 50 Equal Weight Index Fund
  • UTI Nifty50 Equal Weight Index Fund

IDCW 

  • SBI Nifty 50 Equal Weight Index Fund
  • DSP Nifty
  • 50 Equal Weight Index Fund
  • Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund