DSP Nifty Bank Index Fund NFO Review – DSP Nifty Bank Index Fund Direct NFO Open on 15 May 2024 and Close on 27 May 2024. DSP Nifty Bank Index Fund Direct NFO Allotment Date is 04 June 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 scheme replicating/ tracking Nifty Bank Index.
Scheme Benchmark : Nifty Bank TRI. The corpus of the scheme will be invested in all the stocks constituting Nifty Bank TRI, in same weightage of the Index. The Scheme would endeavour to attain returns comparable to Nifty Bank TRI, subject to the tracking error. The Benchmark has been chosen on the basis of the investment pattern/objective of the scheme and the composition of the index.
DSP Nifty Bank Index Fund Nfo Important Date
| Scheme Offer | DSP Nifty Bank Index Fund |
|---|---|
| Offer Price | Rs. 10/- per Unit |
| Type of Scheme | An open ended scheme replicating/ tracking Nifty Bank Index |
| Open Date | 15 May 2024 |
| Allotment Date | 04 June 2024 |
| Close Date | 27 May 2024 |
| Min Inv ₹ | 100 |
| Lock in Period | N/A |
| Risk | Very High |
| Scheme Benchmark | Nifty Bank TRI |
DSP Nifty Bank Index Fund Other Details
| Exit Load | N/A |
|---|---|
| Exit Load Details | N/A |
| Entry Load | N/A |
| Stamp Duty | 0.005% |
| Min. Investment | Rs. 100 |
DSP Nifty Bank Index Fund Asset Allocation
| Instruments | Allocation Min | Allocation Max | Risk Profile |
|---|---|---|---|
| Equity and Equity Related Securities of companies constituting Nifty Bank Index, the Underlying Index | 95% | 100% | High |
| Cash and Cash Equivalents | 0% | 5% | Low |
DSP Nifty Bank Index Fund Scheme Benchmark
| Security Name | Impact Cost | Weightage% |
|---|---|---|
| HDFC BANK LTD. | 0.02 | 29.04 |
| ICICI BANK LTD. | 0.03 | 23.82 |
| AXIS BANK LTD. | 0.02 | 9.76 |
| STATE BANK OF INDIA | 0.02 | 9.57 |
| KOTAK MAHINDRA BANK LTD. | 0.02 | 7.91 |
| INDUSIND BANK LTD. | 0.02 | 6.45 |
| BANK OF BARODA | 0.03 | 3.37 |
| PUNJAB NATIONAL BANK | 0.04 | 2.70 |
| FEDERAL BANK LTD. | 0.03 | 2.34 |
| IDFC FIRST BANK LTD. | 0.05 | 2.09 |
| AU SMALL FINANCE BANK LTD. 0.04 | 0.04 | 1.96 |
| BANDHAN BANK LTD. | 0.03 | 0.99 |
Investment Objective of the Scheme ?
The investment objective of the Scheme is to generate returns that are commensurate with the performance of the Nifty Bank Index, subject to tracking error.
DSP Nifty Bank Index Fund Manager Details
- Fund Manger : Mr. Anil Ghelani
- Qualification : Chartered Financial Analyst (CFA Institute USA) Chartered Accountant (ICAI India) B. Com. (H. R. College University of Mumbai)
- Experience : Over 25 years of experience as under: From April 2023 to present – DSPAM – Head of Passive Investments & Products. From April 16, 2018 to March 31, 2023 – DSPIM – Head of Passive Investments & Products. From January 2013 to April 2018, DSP Pension Fund Managers Pvt. Ltd. – Business Head & Chief Investment Officer From December 2014 to April 15, 2018 – DSPIM – Senior Vice President, Products & Passive Investments From January 2006 – December 2012 – DSPIM – Head of Risk & Quantitative Analysis (RQA) From July 2003 to December 2005 – DSPIM – AVP – Fund Administration From February 2003 to July 2003 – IL&FS Asset Management Company – Asst. Manager – Fund Operations From February 2000 to January 2003 – S. R. Batliboi (member firm of Ernst & Young) – CA articleship till Jan 2002 Executive from Feb 2002 From August 1998 to June 2000 – V. C. Shah & Co., Chartered Accountants – CA articleship.
- Fund Manger : Mr.Diipesh Shah
- Qualification : B Com , ACA, Candidate of the CFA Program, CFA Institute USA, Level I Cleared
- Experience : Over 22 years of experience as under: From April 2023 to present – DSPAM – Fund Manager – ETF and Passive Investments.
From November 2020 to March 2023 – DSPIM – Fund Manager – ETF and Passive Investments. From September 2019 to October, 2020 – DSPIM – Dealer – ETF and Passive Investments. From August 2018 to September, 2019 – JM Financial Institutional Broking Limited as Institutional Equity Sales Trading. From June 2014 to July 2018 – Centrum Boking Limited as Institutional Equity Sales Trading. From September 2013 to June 2014 – JM Financial Institutional Broking Limited as Institutional Equity Sales Trading. From January 2011 to August 2013 – IDFC Securities Limited as Institutional Equity Sales Trading From July 2010 to September 2010 – Kotak Securities Limited as Institutional Equity Sales Trading.
HOW WILL THE SCHEME ALLOCATE ITS ASSETS?
- Overseas securities/ADR/GDR
- Investment in our Own Mutual Fund Schemes or Other Mutual fund schemes
- Securitised Debt
- Repo in corporate debt and corporate reverse repo
- Short selling
- unrated debt instruments
- Credit default swaps (CDS).
- Debt instruments having Structured Obligations / Credit Enhancements.
- Securities having special features covered under clause 12.2 of SEBI Master Circular.
- Units of REITs and InvITs.
Fund Manager Manages the Scheme?
- Mr. Anil Ghelani
- Mr.Diipesh Shah
DSP Nifty Bank Index Fund Registrar
Computer Age Management Services Ltd.
7th Floor, Tower II, Rayala Towers, 158,
Anna Salai, Chennai – 600002
Telephone:1800-3010-6767
Email: enq_h@camsonline.com
Website www.camsonline.com
DSP Nifty Bank Fund Form Download
