DSP BSE SENSEX Next 30 Index Fund Launches January 2025

The DSP BSE SENSEX Next 30 Index Fund is set to launch its New Fund Offer (NFO) on January 10, 2025, closing on January 24, 2025. This open-ended scheme aims to generate returns that closely track the performance of the BSE SENSEX Next 30 Index, subject to tracking error. The fund falls under the Equity Large Cap category, providing exposure to a diversified set of companies that are part of this index.

Investment Details and Allocation

Investors can begin with a minimum investment of ₹100, applicable to both lump sum and additional investments, while the same amount applies to SIPs. The Opening NAV for the fund is ₹10. The scheme will allocate 95-100% of its assets to equity and equity-related securities included in the BSE SENSEX Next 30 Index. A small portion, ranging from 0-5%, will be held in cash and cash equivalents to manage liquidity.

The investment strategy focuses on minimising tracking error, through periodic rebalancing of the portfolio. This process considers changes in stock weights within the index and adjustments for subscriptions or redemptions.

Cost and Risk Considerations

The fund has no exit load, allowing investors to redeem units without additional charges. The maximum total expense ratio (TER) is set at 1% as per regulatory limits. As per the scheme’s riskometer, the fund is categorised under “very high risk”, showing exposure to market volatility.

Benchmark and Management

The scheme is benchmarked against the BSE SENSEX Next 30 TRI (Total Return Index). It is managed by Anil Ghelani and Dipesh Shah, fund managers at DSP Mutual Fund. After the NFO closes, the fund will reopen for continuous sale and repurchase within 5 business days of allotment.

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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.