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DSP Nifty 50 Equal Weight ETF

DSP Nifty 50 Equal Weight ETF

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Benchmark: NIFTY 50 Equal Weight TRI info icon
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View performance details

Return:

This fund

%

NIFTY 50 Equal Weight TRI

%

NIFTY 50 TRI

%

Invested

Earning

This fund

%

NIFTY 50 Equal Weight TRI

%

NIFTY 50 TRI

%

View performance details

This is an Equity fund with NIFTY 50 Equal Weight TRI as its benchmark. The risk level for this fund is categorized as Very High Risk.

Total AUM

₹174.18 crores as of Mar 31, 2024

Age of Fund

2 years 5 months since Nov 08, 2021

Expense Ratio

0.3% as of Apr 15, 2024

Exit Load

Nil  

Goal of Investment

Capital Appreciation

Ideal holding period

10 Years+

Rolling Returns

Bars show distribution of returns in given range for selected time period.

View performance details

Things to know before you invest

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What is in DSP Nifty 50 Equal Weight ETF?

  1. DSP Nifty 50 Equal Weight ETF replicates the Nifty 50 Equal Weight Index.
  2. By matching the Nifty 50 Equal Weight Index, it allows you to invest in India's top 50 companies.
  3. Instead of a market cap-based weightage (like in the Nifty 50), all 50 stocks are approximately equally weighted at 2% each.
  4. Since this is an ETF, units are listed on stock exchanges like BSE or NSE and can be bought & sold through a registered broker. The NAV varies real-time, as per market movements.
  1. Aim to build wealth by investing conveniently & equally in the top 50 Indian companies.
  2. Affordable way to buy the top 50 Indian stocks (buying just 1 share of each stock in Nifty 50 can cost you more than Rs 1 lakh).
  3. Relatively low-cost, with a comparatively lower expense ratio than active large-cap funds.
  4. Well diversified portfolio, avoids undue concentration in a few stocks/sectors.
  5. Works well during periods of depolarizing markets i.e. when bottom 40 stocks performs better than top 10 in Nifty 50.
  6. This is a zero bias product since it only replicates an index, does not carry any stock or sector bias & does not have an 'active'' fund manager.
  7. ETF can be placed for margin money with exchange.
  1. Consider this fund if you
    • Are a first-timer or a relatively new equity market investor.
    • Value low-cost, passive investing.
    • Have the patience & mental resilience to remain invested for a decade or more
    • Want the option of being able to trade intra-day too.
    • Accept that equity investing means exposure to risk.
    • Do not chase the highest possible returns at all times
  1. DSP Nifty 50 Equal Weight ETF carries Very High Risk.
  2. Expect short term return fluctuations, especially during periods of market ups & downs.
  3. This ETF is likely to under perform Nifty 50 when the larger weighted stocks in the portfolio outperform the smaller weighted stocks in up or down markets, i.e. in highly polarized markets.
  4. You need to have a demat account to invest or trade in this ETF.

Fund managers:

Anil Ghelani

Anil Ghelani

Managing this fund since October 2021.
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Managing this fund since October 2021.

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Diipesh Shah

Diipesh Shah

Managing this fund since October 2021
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Managing this fund since October 2021

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Portfolio

Prescribed asset allocation: 95% - 100% Equity and Equity Related Securities of companies constituting NIFTY50 Equal Weight Index, the Underlying Index , 0% - 5% Cash and Cash Equivalents / Money Market Instruments* with residual maturity not exceeding 91 days

Current Allocation

as of Mar 31, 2024

Top holdings

IndusInd Bank Limited

2.03%

Axis Bank Limited

2%

Kotak Mahindra Bank Limited

1.99%

State Bank of India

1.99%

HDFC Bank Limited

1.98%

See all 50 holdings Top Group Holdings

Top holdings

No Data to display

Top holdings

TREPS / Reverse Repo Investments / Corporate Debt Repo

0.4%

Cash & cash equivalents

-0.35%

Credit rating profile

Cash & Equivalent

100.00%

Instrument break-up

TREPS

100.00%

See 1 holding Top Group Holdings

Indicators

Tracking Error

0.04 %

Tracking Error (Abs.)

0.002 %



Compare Performance

  • Historical Returns (As per SEBI format)as of with investment of₹10,000

This fund NIFTY 50 Equal Weight TRI ^ NIFTY 50 TRI # Tracking difference
CAGR Current Value CAGR Current Value CAGR Current Value

Income distribution Cum Capital Withdrawal (IDCW) Distributed

Record Date IDCW per unit NAV Before NAV After

Chart type:

Invested as

Invested Amount

₹

Invested period

Funds Minimum Median Maximum % times -ve returns % times returns > 7%

Date of allotment: Nov 08, 2021.

Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement

Since inception returns have been calculated from the date of allotment till June 30, 2021

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

^ Fund Benchmark # Standard Benchmark

Fund Details

Fund Details

Investment Objective

The Scheme seeks to provide returns that, before expenses, closely correspond to the total return of the underlying index (NIFTY 50 Equal Weight Index), subject to tracking errors.

Fund Type

Equity

An open ended scheme replicating/ tracking NIFTY50 Equal Weight Index.

Riskometer

Level of Risk in the Scheme

View details

Other Information

NSE/BSE Symbol EQUAL50ADD
BSE Script Code 543388
ISIN INF740KA1QK2
Bloomberg Code DNEWETF IN Equity
Reuters Code LP68681193
Minimum Investment Through Stock Exchange - 1 Unit & in multiples thereof.

Fund Documents

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Fund Documents

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KIM and Applications

NSE Disclaimer:
As required, a copy of this Scheme Information Document has been submitted to National Stock Exchange of India Limited (hereinafter referred to as NSE). NSE has given vide its letter NSE/LIST/5311 dated May 26, 2021 permission to the Mutual Fund to use the Exchange's name in this Scheme Information Document as one of the stock exchanges on which the Mutual Fund's units are proposed to be listed subject to, the Mutual Fund fulfilling various criteria for listing. The Exchange has scrutinized this Scheme Information Document for its limited internal purpose of deciding on the matter of granting the aforesaid permission to the Mutual Fund. It is to be distinctly understood that the aforesaid permission given by NSE should not in any way be deemed or construed that the Scheme Information Document has been cleared or approved by NSE; nor does it in any manner warrant, certify or endorse the correctness or completeness of any of the contents of this Scheme Information Document; nor does it warrant that the Mutual Fund's units will be listed or will continue to be listed on the Exchange; nor does it take any responsibility for the financial or other soundness of the Mutual Fund, its sponsors, its management or any scheme of the Mutual Fund.
Every person who desires to apply for or otherwise acquire any units of the Mutual Fund may do so pursuant to independent inquiry, investigation and analysis and shall not have any claim against the Exchange whatsoever by reason of any loss which may be suffered by such person consequent to or in connection with such subscription /acquisition whether by reason of anything stated or omitted to be stated herein or any other reason whatsoever.

BSE Disclaimer:
BSE Limited ("the Exchange") has given vide its letter dated May 28, 2021 permission to DSP Mutual Fund to use the Exchange's name in this SID as one of the Stock Exchanges on which this Mutual Fund's Unit are proposed to be listed. The Exchange has scrutinized this SID for its limited internal purpose of deciding on the matter of granting the aforesaid permission to DSP Mutual Fund. The Exchange does not in any manner:

  • warrant, certify or endorse the correctness or completeness of any of the contents of this SID; or

  • warrant that this scheme?s unit will be listed or will continue to be listed on the Exchange; or

  • take any responsibility for the financial or other soundness of this Mutual Fund, its promoters, its management or any scheme or project of this Mutual Fund;

And it should not for any reason be deemed or construed that this SID has been cleared or approved by the Exchange. Every person who desires to apply for or otherwise acquires any unit of DSP NIFTY 50 EQUAL WEIGHT ETF of this Mutual Fund may do so pursuant to independent inquiry, investigation and analysis and shall not have any claim against the Exchange whatsoever by reason of any loss which may be suffered by such person consequent to or in connection with such subscription / acquisition whether by reason of anything stated or omitted to be stated herein or for any other reason whatsoever?