DSP Mutual Fund Filed Drafts for 2 New Index Funds

DSP Mutual Fund has submitted draft documents to the Securities and Exchange Board of India (SEBI) for the introduction of two new open-ended index funds: the DSP Nifty Healthcare Index Fund and the DSP Nifty IT Index Fund. These funds aim to provide investors with targeted exposure to the healthcare and information technology sectors by replicating the performance of their respective benchmark indices.

DSP Nifty Healthcare Index Fund

• Objective: To replicate the Nifty Healthcare Index, offering investors exposure to the pharmaceutical and healthcare sectors.
• Benchmark: Nifty Healthcare TRI.
• Scheme Type: Open-ended index fund.
• Minimum Investment: ₹100 and in multiples thereafter.
• Exit Load: Nil.
• Liquidity: Units will be available for continuous repurchase and sale within five business days from allotment.
• Special Facilities: Systematic Investment Plan (SIP), Systematic Transfer Plan (STP), Systematic Withdrawal Plan (SWP), switching options, and Application Supported by Blocked Amount (ASBA) facility.​

DSP Nifty IT Index Fund

• Objective: To mirror the returns of the Nifty IT Index, providing investors with exposure to leading IT companies listed on the National Stock Exchange (NSE).
• Benchmark: Nifty IT TRI.
• Scheme Type: Open-ended index fund.
• Minimum Investment: ₹100 and in multiples thereafter.
• Exit Load: Nil.
• Liquidity: Units will be available for continuous repurchase and sale within five business days from allotment.
• Special Facilities: SIP, STP, SWP, switching options, and ASBA facility.

Read More: HDFC and DSP Mutual Fund New Fund Offers Open for Subscription

Conclusion

The proposed DSP Nifty Healthcare and IT Index Funds offer investors an opportunity to gain sector-specific exposure through a passive investment approach. With low minimum investment requirements and no exit load, these funds cater to both new and seasoned investors looking to diversify their portfolios within the healthcare and IT sectors.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.