DSP Nifty Top 10 Equal Weight Index Fund Review – DSP Nifty Top 10 Equal Weight Index Fund Direct NFO Open on 16 August 2024 and Close on 30 August 2024. DSP Nifty Top 10 Equal Weight Index Fund Direct NFO Allotment Date is 5 September 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 Top 10 Equal Weight Index.
Scheme Benchmark : Nifty Top 10 Equal Weight TRI (Total Returns Index) – Justification- The benchmark has been selected as per required under Clause no. 1.9 as per SEBI Master Circular dated June 27, 2024. The corpus of the scheme will be invested in all the stocks constituting Nifty Top 10 Equal Weight TRI, in same weightage of the Index. The Scheme would endeavor to attain returns comparable to Nifty Top 10 Equal Weight 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 Top 10 Equal Weight Index Fund Scheme Benchmark
| Company | Weightage |
|---|---|
| Infosys Ltd. | 11.40 |
| ITC Ltd. | 11.01 |
| Tata Consultancy Services Ltd. | 10.75 |
| Hindustan Unilever Ltd. | 10.47 |
| Larsen & Toubro Ltd. | 10.01 |
| Reliance Industries Ltd. | 9.74 |
| Kotak Mahindra Bank Ltd. | 9.55 |
| ICICI Bank Ltd. | 9.54 |
| HDFC Bank Ltd. | 8.89 |
| Axis Bank Ltd. | 8.63 |
DSP Nifty Top 10 Equal Weight Index Fund Nfo Important Date
| Scheme Offer | DSP Nifty Top 10 Equal Weight Index Fund |
|---|---|
| Offer Price | Rs. 10/- per Unit |
| Type of Scheme | An open-ended |
| Open Date | 16 Aug 2024 |
| Close Date | 30 Aug 2024 |
| Allotment Date | 05 Sep 2024 |
| Category | Index Fund |
| Min Inv ₹ | 100 |
| Lock in Period | N/A |
| Risk | Very High |
| Scheme Benchmark | Nifty Top 10 Equal Weight TRI |
Investment Objective of the Scheme ?
The investment objective of the Scheme is to generate returns that are commensurate with the performance of the Nifty Top 10 Equal Weight Index, subject to tracking error. There is no assurance that the investment objective of the Scheme will be achieved.
DSP Nifty Top 10 Equal Weight Index Fund Other Details
| Exit Load | NIL |
|---|---|
| Exit Load Details | N/A |
| Entry Load | N/A |
| Stamp Duty | 0.005% |
| Min. Investment | Rs. 100 |
| Min. SIP | Rs. 100 |
DSP Nifty Top 10 Equal Weight Index Fund Review Asset Allocation
| Instruments | Allocation Min | Allocation Max |
|---|---|---|
| Equity and Equity Related Securities constituting Nifty Top 10 Equal Weight Index, the Underlying Index | 95% | 100% |
| Cash and Cash Equivalents | 0% | 5% |
DSP Nifty Top 10 Equal Weight Index Fund Review 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 26 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.
DSP Nifty Top 10 Equal Weight Index Fund Sector Representation
| Sector | Weightage |
|---|---|
| Financial Services | 36.61 |
| Information Technology | 22.16 |
| Fast Moving Consumer Goods | 21.48 |
| Construction | 10.01 |
| Oil, Gas & Consumable Fuels | 9.74 |
DSP Nifty Top 10 Equal Weight Index Fund Review Index Return
| Index Return | QTD | YTD | 1 Year | 5 Years | Since Inception |
|---|---|---|---|---|---|
| Price Return | 4.35 | 9.46 | 18.55 | 15.16 | 13.05 |
| Total Return | 4.39 | 10.56 | 20.32 | 16.61 | 14.65 |
Where will this Scheme Invest ?
- Equity and Equity related Securities of companies constituting Nifty Top 10 Equal Weight Index.
- Stock futures/index futures and such other permitted derivative instruments only for portfolio rebalancing.
- Cash and Cash Equivalents.
- Investment in Short Term Deposits.
Also Read: Mirae Asset Nifty500 Multicap 50:25:25 ETF Review
Manager Manage the Scheme?
- Mr. Anil Ghelani
- Mr. Diipesh Shah
DSP Nifty Top 10 Equal Weight Index Fund Registrar
Computer Age Management Services Ltd.
7th Floor, Tower II, Rayala Towers, 158,
Anna Salai, Chennai – 600002
Telephone:1800-3010-6767
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