DSP MF seeks SEBI nod for DSP Nifty 50 Index Fund

The open-ended scheme replicating or tracking Nifty 50 Index will deploy at least 95 percent of its assets in equity and equity-related securities covered by the Nifty 50 Index

Moneycontrol News

October 16, 2018 / 11:16 IST

DSP Mutual Fund has sought the Securities and Exchange Board of India (SEBI)’s approval to launch DSP Nifty 50 Index Fund, according to the draft offer document on the market regulator’s website.

The open-ended scheme replicating or tracking Nifty 50 Index will deploy at least 95 percent of its assets in equity and equity-related securities covered by the Nifty 50 index, while up to 5 percent will be allocated to debt and money market securities.

Other features:

Plans: Regular and direct
Options: Growth and dividend
Minimum application: 500 rupees and any amount thereafter
Exit load: Nil
Fund manager: Gauri Sekaria
Performance benchmark: Nifty 50 Index (Total Returns Index)

Moneycontrol News

first published: Oct 16, 2018 11:15 am

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