DSP Mutual Fund has announced the launch of its latest offering, the DSP BSE Sensex Next 30 ETF. This is an open-ended exchange-traded fund (ETF) designed to replicate or track the performance of the BSE SENSEX Next 30 Index.
The primary investment objective of the DSP BSE Sensex Next 30 ETF is to mirror the performance of the BSE SENSEX Next 30 Index while minimising tracking errors.
The scheme aims to achieve its objective by minimising the tracking error through periodic rebalancing. This involves adjustments in stock weights based on index changes and handling incremental subscriptions or redemptions. A small portion of the net assets may be held in cash or equivalents to meet liquidity needs.
The DSP BSE Sensex Next 30 ETF is suitable for investors seeking long-term capital growth and interested in equity and equity-related securities of companies in the BSE Sensex Next 30 Index, subject to tracking error.
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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 are subject to market risks, read all scheme-related documents carefully.
Published on: Jan 6, 2025, 2:33 PM IST
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