DSP Nifty Top 10 Equal Weight Index Fund- NFO: Review & Nav

DSP Nifty Top 10 Equal Weight Index Fund: Complete Overview

“DSP Nifty Top 10 Equal Weight Index Fund” by DSP Mutual Fund under AMC ‘DSP Asset Managers Pvt Ltd.’ is an open-ended equity scheme that replicates/tracks the Nifty Top 10 Equal Weight Index. The New Fund Offer (NFO) date is from August 16 to August 30, 2024, with an NFO price of Rs.100 and in multiples of Rs.1 thereafter.

To learn about the Fund's asset allocation, and other financial characteristics that influence decision-making, carefully read this blog.

DSP Nifty Top 10 Equal Weight Index Fund NFO Details

The scheme is suitable for investors who want to achieve long-term capital growth and seek to invest in equity and equity-related securities under the Nifty Top 10 Equal Weight Index subject to tracking error. The scheme is a very high-risk scheme. There is no assurance that the scheme's investment goal will be met.

The scheme will invest 95-100% of its units in equity and equity-related securities under the Nifty Top 10 Equal Weight Index and 0-5% in cash & cash equivalents.

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Fund Overview

The minimum subscription amount is set at Rs.100 and in multiples of Rs.1 thereof.

How To Invest In The NFO After The Closure Date?

If you have missed participating in the NFO and now want to invest in the same Scheme on a continuous basis, then on 09 September 2024, when the Scheme will reopen; you will have the option to participate and invest directly in the Mutual Fund by spending at NAV based price by logging on to your Demat account and search for “DSP Nifty Top 10 Equal Weight Index Fund” or directly with the AMC or simply click the ‘Banner’ below.

The Objective of The Fund

The Scheme aims to produce returns that, subject to tracking mistakes, match the overall performance of the underlying index Nifty Top 10 Equal Weight TRI before expenses. Nevertheless, there can be no assurance or guarantee that the scheme's investment goals will be met.

Asset Allocation (% of Total Assets) of the Scheme's portfolio will be as follows:

Peers of DSP Nifty Top 10 Equal Weight Index Fund

Since this scheme is a new scheme, hence no comparable data on its past performance against its peers is available.

Risk Factors In Such Funds

• The Scheme's NAV will change in response to stock market fluctuations. The Investor could lose capital over a short or long period due to fluctuations in the Scheme's NAV as a result of variables such as company performance.

• The program won't be actively managed because it plans to invest at least 95% of its net assets in benchmark index securities. A widespread fall in the Indian markets with respect to its Underlying Index could have an impact on the Scheme.

• Equities shares and associated instruments are prone to daily price swings and are considered volatile.

• The investment in the scheme could increase or decrease based on a variety of variables and pressures affecting the debt and capital markets, as well as changes in the interest rate, price, and value of the securities in which the scheme invests.

Past Performance of Index Funds

DSP Nifty Top 10 Equal Weight Index Fund NFO-Who Can Invest?

This Fund is ideal for those who want to achieve returns over the long term by investing in equity and equity-related securities under the Nifty Top 10 Equal Weight Index subject to tracking error. 

DSP Nifty Top 10 Equal Weight Index Fund-Growth Fund Managers:

• Mr. Anil Ghelani

• Mr.Diipesh Shah
  
  

Conclusion

The new DSP Nifty Top 10 Equal Weight Index Fund is appropriate for investors aiming for returns corresponding to the Nifty Top 10 Equal Weight Total Return Index's performance, subject to long-term tracking error and investments in equities securities included in the index. Always assess your Financial Goals, Risk tolerance, time horizons, etc. before making an investment decision. 

Disclaimer: This NFO analysis is provided solely for informative reasons and should not be construed as investment advice. Always conduct research and talk with a financial advisor before investing.