DSP Mutual Fund Announces NIFTY Next 50 Index Fund NFO

DSP Mutual Fund has announced a New Fund Offer (NFO) for DSP NIFTY Next 50 Index Fund. The NFO period begins on February 11, 2019 and will end on February 15, 2019. This open-ended scheme will reopen for continuous sale and repurchase within five business days from the date of allotment. The index fund will track the NIFTY Next 50 Weight Index with the aim of generating long-term capital growth for its investors.

Asset Allocation of DSP NIFTY Next 50 Index Fund

The DSP NIFTY Next 50 Index Fund will allocate its assets in the following manner:

Asset Class	Minimum Allocation	Maximum Allocation
Equity and equity related securities covered by NIFTY Next 50 Index	95%	100%
Debt and money market securities	0%	5%

The index fund will not invest in American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs), foreign securities, securitized debt, and credit default swaps.

Benchmark of DSP NIFTY Next 50 Index Fund

The DSP NIFTY Next 50 Index Fund will be benchmarked against the NIFTY Next 50 Index (TRI). Returns data of the benchmark index are as follows:

Index	1 Year Return	5 Year Return
NIFTY Next 50 Index (TRI)	-11.85%	18.83%

(Data as on January 31, 2019; Source: NSE)

Fund Manager of DSP NIFTY Next 50 Index Fund

The DSP NIFTY Next 50 Index Fund will be managed by Ms. Gauri Sekaria. Other schemes currently being managed by Ms. Sekaria are DSP Liquid ETF and DSP Equal NIFTY 50 Fund.

Key information about DSP NIFTY Next 50 Index Fund NFO

NFO period	February 11, 2019 – February 15, 2019
Minimum application amount	Rs. 500 ( for both lump sum and SIP)
Exit load	Nil
Benchmark	NIFTY Next 50 Index (TRI)
Fund Manager	Gauri Sekaria

Other Funds by DSP Asset Management

Scheme Name	3Y Returns (%)	AUM (Rs. Cr.)	Category
DSP Equity Direct Plan	14.11	2678.36	Multi Cap Fund
DSP US Flexible Equity Fund	14.08	179.18	Sectoral/Thematic Fund
DSP Equity & Bond Fund	11.68	7189.75	Aggressive Hybrid Fund
DSP Tax Saver Fund	11.05	4366.38	ELSS
DSP Focus Direct Plan	10.35	2961.32	Multi Cap Fund
DSP Equity Opportunities Fund	10.28	5559.95	Large & Mid Cap Fund
DSP Midcap Fund	10.01	5719.8	Mid Cap Fund
DSP Top 100 Equity Fund	9.85	3097.9	Large Cap Fund
DSP Government Securities Fund	9.28	210	Gilt Fund
DSP Dynamic Asset Allocation Fund	9.16	844.71	Dynamic Asset Allocation
DSP Short Term Fund	8.11	3628	Short Duration Fund
DSP Strategic Bond Fund	8.11	1350.51	Dynamic Bond Fund
DSP Banking & PSU Debt Fund	8.09	1629.22	Banking and PSU Fund
DSP 10Y G-Sec Fund	8.02	36.57	Gilt Fund with 10 year constant duration
DSP Low Duration Fund	7.91	4993.08	Low Duration Fund
DSP Global Allocation Fund	7.85	30.35	Sectoral/Thematic Fund
DSP Equity Savings Fund	7.38	1619.88	Equity Hybrid Saving Fund
DSP Savings Direct Plan	7.18	45.17	Money Market Fund
DSP Ultra Short Fund	6.9	4005.47	Ultra Short Duration Fund
DSP Liquidity Direct Growth	6.89	17472.46	Liquid Fund