Publish Date:
DSP Mutual Fund has launched a new scheme – DSP Nifty Midcap 150 Quality 50 Index Fund
It is an open-ended scheme replicating/ tracking Nifty Midcap 150 Quality 50 Index.
Accordingly, the investment objective of the scheme is to generate returns that are commensurate with the performance of the Nifty Midcap 150 Quality 50 Index, subject to tracking error. There is no assurance that the investment objective of the Scheme will be realized.
Under normal circumstances, DSP Nifty Midcap 150 Quality 50 Index Fund will hold an allocation of 95% to 100% of its assets in Equity and Equity Related Securities of companies constituting Nifty Midcap 150 Quality 50 Index, and 0% to 5% of its assets in Cash and Cash Equivalents.
As per the Scheme Information Document, the Scheme will be managed passively with investments in stocks in the same proportion as in NIFTY Midcap 150 Quality 50 Index. The investment strategy would revolve around minimizing the tracking error through periodic rebalancing of the portfolio, taking into account the change in weights of stocks in the indices as well as the incremental collections / redemptions in the Scheme.
The Scheme shall rebalance the portfolio in case of any deviation to the asset allocation. Such rebalancing shall be done within 7 days from the date of such deviation.
DSP Nifty Midcap 150 Quality 50 Index Fund’s performance will be benchmarked against Nifty Midcap 150 Quality 50 TRI.
The fund will be managed by Mr Anil Ghelani and Mr Diipesh Shah
The NFO opens for subscription on July 18, 2022 and closes on July 29, 2022. The scheme will reopen for continuous sale and repurchase Within 5 Business Days from the date of allotment.
The fund’s NAV is priced at Rs 10/- per unit during the NFO period. The minimum subscription amount is Rs 500 and any amount thereafter.
The scheme offers Regular Plan and Direct Plan each plan offers Growth and Income Distribution cum Capital Withdrawal option.