DSP Mutual Fund Files Draft with SEBI for New Index Fund

DSP Mutual Fund has filed a draft with SEBI for its latest offering: the DSP Nifty Top 10 Equal Weight Index Fund. This open-ended scheme aims to replicate or track the Nifty Top 10 Equal Weight Index, providing investors with a unique opportunity for long-term capital growth.

Key Features of the Scheme

Investment Objective

This fund is designed for investors seeking long-term capital appreciation. It focuses on equity and equity-related securities covered by the Nifty Top 10 Equal Weight Index, subject to tracking error.

Category of the Scheme

The DSP Nifty Top 10 Equal Weight Index Fund falls under the category of Index Funds.

Benchmark

The scheme’s performance will be measured against the Nifty Top 10 Equal Weight TRI (Total Returns Index).

Plans and Options

The fund offers two plans:

• Regular Plan
• Direct Plan

Under both plans, the growth option is available, which means the mutual fund will not declare any IDCW (Income Distribution cum Capital Withdrawal). The income earned will remain invested in the scheme and be reflected in the NAV (Net Asset Value). This option is ideal for investors aiming for capital appreciation rather than current income.

Tax Benefits

Investors holding units for more than 12 months from the date of acquisition can benefit from long-term capital gains tax. More details can be found in the Scheme Information Document (SAI).

Minimum Investment Requirements

During NFO (New Fund Offer): Rs 100 and any amount thereafter

On Continuous Basis: Rs 100 and any amount thereafter

Minimum Additional Purchase Amount: Rs 100 and any amount thereafter

Asset Allocation

Fund Managers

The scheme will be managed by:

• Mr. Anil Ghelani
• Mr. Diipesh Shah

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.