The DSP S&P BSE Sensex ETF is an open ended scheme replicating/ tracking S&P BSE Sensex index. It invests in all the stocks of the S&P BSE Sensex index in the same proportion as that of the index.
The subscription period for the DSP S&P BSE Sensex ETF NFO began on July 17th, 2023, and will end on July 21st, 2023. Within five Business Days following the date of allotment, the Schemes will reopen for continuous sale and repurchase. Currently, there are no plans/options available under the Scheme.
About DSP Mutual Fund
DSP Mutual Fund is a renowned AMC in India. This fund house has risen by leaps and bounds since its beginnings to become one of India’s best Asset Management Companies. It provides a wide variety of mutual fund schemes in the equity, debt, and hybrid categories, as well as international fund of funds, exchange-traded funds, and close-ended funds. The fund house’s commitment is to serve their clients in every way possible by putting their interests first and securing their wealth. DSP is one of India’s leading asset management firms, having a track record of investment excellence spanning over 20 years.
DSP Investment Managers Pvt. Ltd. was established as a trust in accordance with the Indian Trusts Act of 1882. DSP ADIKO Holdings Pvt. Ltd. owns 54% of the company’s shares, DSP HmK Holdings Pvt. Ltd. owns 34%, and Ms. Aditi Kothari Desai and Ms. Shuchi Kothari own the remaining 12% in equal quantities. DSP Mutual Fund has 372 schemes and an AuM of 107067.08 Crores as of March 31, 2023.
DSP S&P BSE Sensex ETF – NFO Detail
| Type of Offer | NFO (New Fund Offer) |
| Fund House | DSP Mutual Fund |
| Name of the Fund | DSP S&P BSE Sensex ETF |
| Type of Scheme | Open-Ended |
| Category of Scheme | Other Scheme – other ETFs |
| NFO Starts | 17-July-2023 |
| NFO Ends | 21-July-2023 |
| NFO Unit Price | Rs 10 per unit |
| Minimum Investment | Rs 5,000/- |
| Plans | Currently, there are no plan available under the Scheme |
| Options | Currently, there are no options available under the Scheme |
| Entry Load | Not Applicable |
| Exit Load | Nil |
| Investment Manager | DSP Investment Managers Pvt. Ltd. (Formerly Known as DSP BlackRock Investment Managers Pvt LTD.) |
| Fund Manager | Mr Anil GhelaniMr Diipesh Shah |
DSP S&P BSE Sensex ETF NFO – Scheme Objective
The Scheme seeks to provide returns that, before expenses, correspond to the total return of the underlying index (S&P BSE Sensex Index), subject to tracking error.
DSP S&P BSE Sensex ETF NFO – Who Can Invest?
Investors that want to achieve these goals should consider this product:
- Long-term growth of one’s investment capital.
- Investment in equity and equity related securities covered by S&P BSE Sensex Index, subject to tracking error.
How Will the Scheme Allocate Its Asset
- 95-100% in Equity and Equity Related Securities of companies constituting S&P BSE Sensex Index, the underlying Index.
- 0-5% in Cash and Cash Equivalents.
Where Will the Scheme Invest?
The corpus of the Scheme will invest in securities which are constituents of S&P BSE Sensex Index and in Cash and Cash Equivalents.
The corpus of the Scheme will be invested in various types of securities (including but not limited to) such as:
- Equity and Equity related securities of companies constituting S&P BSE Sensex Index.
- Stock futures / index futures and such other permitted derivative instruments only for portfolio rebalancing.
- Cash and Cash Equivalents.
- Derivatives only for portfolio balancing.
DSP S&P BSE Sensex ETF NFO – SID (Scheme Information Document)
Please click here to read the SID (Scheme Information Document) of this upcoming NFO scheme.
How to Invest?
Visit the AMC website for further detail and investment.
Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing.
