DSP Mutual Fund has launched a New Fund Offer (NFO) for DSP NIFTY 50 Index Fund which will be tracking the NIFTY 50 Index. The NFO period begins on February 11, 2019 and will end on February 15, 2019. The open-ended scheme will reopen for continuous sale and repurchase within five business days from the date of allotment. The index fund will be aimed at achieving long-term capital growth for its investors.
Asset Allocation of DSP NIFTY 50 Index Fund
The asset allocation of the DSP NIFTY 50 Index Fund will be as follows:
| Asset Class | Minimum Allocation | Maximum Allocation |
| Equity and equity related securities covered by NIFTY 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 50 Index Fund
The DSP NIFTY 50 Index Fund will be benchmarked against the NIFTY 50 Index (TRI). As an index fund, the new scheme from DSP MF will be tracking and replicating its benchmark in terms of asset allocation. Returns of the benchmark NIFTY 50 Index are as follows:
| Index | 1 Year Returns | 3 Year Returns | 5 Year Returns |
| NIFTY 50 Index (TRI) | -0.35% | 14.20% | 13.61% |
(Data as on January 31, 2019; Source: Pulse Labs)
Fund Manager of DSP NIFTY 50 Index Fund
The DSP NIFTY 50 Index Fund will be managed by Ms. Gauri Sekaria. The other schemes currently being managed by Ms. Sekaria are DSP Liquid ETF and DSP Equal NIFTY 50 Fund.
Key information about the DSP NIFTY 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 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 |