DSP Business Cycle Fund Review – DSP Business Cycle Fund Review Direct NFO Open on 27 November 2024 and Close on 11 December 2024. DSP Business Cycle Fund Direct NFO Allotment Date is 17 December 2024, and the NFO Type is Open-Ended. NFO Riskometer is Very High Risk, and the Minimum Investment Amount is ₹100. The Minimum SIP Investment Amount is ₹100.
Type of the Scheme
An open ended equity scheme following business cycles based investing theme.
Scheme Benchmark : Nifty 500 TRI – Justification- As required under Clause no. 1.9 as per SEBI Master Circular, the benchmark has been selected from amongst those notified by AMFI as the first tier benchmark to be adopted by mutual funds and which reflect the category of the scheme.
DSP Business Cycle Fund Scheme Benchmark
| Company | Weightage |
|---|---|
| HDFC Bank Ltd. | 7.09 |
| ICICI Bank Ltd. | 4.90 |
| Reliance Industries Ltd. | 4.86 |
| Infosys Ltd. | 3.41 |
| ITC Ltd. | 2.45 |
| Bharti Airtel Ltd. | 2.33 |
| Larsen & Toubro Ltd. | 2.30 |
| Tata Consultancy Services Ltd. | 2.18 |
| Axis Bank Ltd. | 1.78 |
| State Bank of India | 1.70 |
DSP Business Cycle Fund Important Date
| Scheme Offer | DSP Business Cycle Fund |
|---|---|
| Offer Price | Rs. 10/- per Unit |
| Type of Scheme | An open-ended |
| Open Date | 27 Nov 2024 |
| Close Date | 11 Dec 2024 |
| Allotment Date | 17 Dec 2024 |
| Category | Thematic Fund |
| Min Inv ₹ | ₹100 |
| Lock in Period | N/A |
| Risk | Very High |
| Scheme Benchmark | Nifty 500 TRI |
Investment Objective of the Scheme ?
The investment objective of the scheme is to provide long-term capital appreciation by investing in equity and equity related securities with a focus on riding business cycles through dynamic allocation across various sectors / themes / stocks at different stages of business cycle. There is no assurance that the investment objective of the Scheme will be achieved.
DSP Business Cycle Fund Other Details
| Exit Load | 0.5% |
|---|---|
| Exit Load Details | 0.5% for redemption within 1 Month |
| Entry Load | N/A |
| Stamp Duty | 0.005% |
| Min. Investment | Rs. 100 |
| Min. SIP | Rs. 100 |
DSP Business Cycle Fund Asset Allocation
| Instruments | Allocation Min | Allocation Max |
|---|---|---|
| Equity and Equity related instruments based on business cycle | 80% | 100% |
| Equity and Equity related instruments other than business cycle | 0% | 20% |
| Units issued by REITs & InvITs | 0% | 20% |
| Units issued by REITs & InvITs | 0% | 10% |
Manager Manage the Scheme?
Fund Manger : Mr. Charanjit Singh
Qualification : B Tech – Electronics and Communication MBA – Finance & Systems
Experience : 18 years of total professional experience From April 2023 to present – Assistant Vice President, Equity investment team – DSPAM From Sep 2018 to March 2023 – Assistant Vice President, Equity investment team- DSPIM From July 2015 – August 2018 – Director – Head of Capital Goods, Power & Infra at B&K Securities India From Nov 2011 – July 2015 – Senior Vice President – Capital Goods and Infra at Axis Capital Ltd. From Dec 2007 – October 2011 – Assistant Vice President at BNP Paribas India Securities From July 2007- Nov 2007 – Analyst at Thomas Weisel Partners From October 2005 – June 2007 – Analyst at HSBC From October 2004 – October 2005 – Analyst at IDC Corp. From June 2004- Sep 2004 – Analyst at Frost & Sullivan.
DSP Business Cycle Fund Sector Representation
| Sector | Weightage |
|---|---|
| Financial Services | 28.98 |
| Information Technology | 9.64 |
| Oil, Gas & Consumable Fuels | 7.82 |
| Fast Moving Consumer Goods | 7.09 |
| Automobile and Auto Components | 7.00 |
| Healthcare | 6.32 |
| Capital Goods | 5.67 |
| Power | 3.70 |
| Consumer Services | 3.43 |
| Metals & Mining | 3.39 |
| Consumer Durables | 3.05 |
| Construction | 2.99 |
| Telecommunication | 2.99 |
| Chemicals | 2.21 |
| Construction Materials | 2.00 |
| Services | 1.68 |
| Realty | 1.33 |
| Textiles | 0.27 |
| Media, Entertainment & Publication | 0.21 |
| Diversified | 0.13 |
| Forest Materials | 0.08 |
DSP Business Cycle Fund Index Return
| Index Return | QTD | YTD | 1 Year | 5 Years | Since Inception |
|---|---|---|---|---|---|
| Price Return | -6.52 | 16.78 | 35.05 | 18.55 | 11.02 |
| Total Return | -6.45 | 17.80 | 36.33 | 19.77 | 12.74 |
Where Will the Scheme Invest ?
- Equity and equity related Instruments.
- Equity Derivatives, which are financial instruments, generally traded on the stock exchange, the price of which is directly dependent upon (i.e., “derived from”) the value of equity shares or equity indices.
- Overseas securities/Funds/ETFs/ADRs/GDRs.
- Debt securities including but not limited to nonconvertible debentures, zero coupon securities, nonconvertible portion of convertible debentures, floating rate bonds and other short term debt instruments.
- Securities created and issued by the Central and State Governments and/or repos/reverse repos in such Government Securities as may be permitted by RBI (including but not limited to coupon bearing bonds, zero coupon bonds and treasury bills).
- Securities guaranteed by the Central and State Governments (including but not limited to coupon bearing bonds, zero coupon bonds and treasury bills).
- Fixed Income Securities of domestic Government agencies and statutory bodies, which may or may not carry a Central/State Government guarantee.
- Corporate debt (of both public and private sector undertakings).
- Money market instruments as permitted by SEBI/RBI.
- Securitized Debt.
- The non-convertible part of convertible securities.
- Tri-party repos (including reverse repo in T-bills and G-sec).
- Short-Term Deposits.
- Debt obligations of the Government of India, state and local governments, government agencies, statutory bodies, public sector undertakings, scheduled commercial banks, non-banking finance companies, development financial institutions, supranational financial institutions, corporate entities and trusts (securitised debt).
- Pass through, Pay through or other Participation Certificates, representing interest in a pool of assets including receivables.
- Derivative instruments like Interest Rate Swaps, Forward Rate Agreements, Interest Rate Derivatives, currency derivatives and such other derivative instruments permitted by SEBI/RBI.
- Units of Mutual funds as may be permitted by regulations.
- Usance bills.
- Structured notes.
- Units of Real Estate Investment Trust (‘REIT’) & Infrastructure Investment Trust (‘InvIT’).
- Any other debt securities as permitted by SEBI/ RBI from time to time.
Also Read: Groww Multicap Fund Review
DSP Business Cycle Fund Registrar
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