DSP Gold ETF is an open-ended exchange-traded fund (ETF) launched by DSP Asset Managers with the goal of achieving long-term capital appreciation through investment in gold. The subscription period for the DSP Gold ETF NFO (New Fund Offer) began on April 17, 2023, and will end on April 24, 2023.
Within five Business Days following the date of allotment, the Schemes will reopen for continuous sale and repurchase. The fund allows you to build a personalized investment strategy with the help of systematic investing options like SIP and SWP. Subscriptions can be made starting at Rs 5,000 and in any whole rupee increment above that. Both a Regular Plan and a Direct Plan are available. There are Growth and Income tiers available for both plans.
About DSP Mutual Fund
DSP Asset Managers is a wholly Indian and independent AMC that oversees a diverse portfolio of active and passive funds. The DSP Group has the support of an Indian financial powerhouse that has been around for nearly 160 years. The DSP family has played a significant role in the development and professionalization of India’s capital markets and the money management industry for the better part of a century and a half.
DSP Gold ETF – NFO Detail
| Type of Offer | NFO (New Fund Offer) |
| Fund House | DSP Mutual Fund |
| Name of the Fund | DSP Quant Fund |
| Type of Scheme | Open-Ended |
| Category of Scheme | Other Scheme – Gold ETF |
| NFO Starts | 17-Apr-2023 |
| NFO Ends | 24-Apr-2023 |
| NFO Unit Price | Rs 10 per unit |
| Minimum Investment | Rs 5,000/- |
| Plans | Regular, Direct |
| Options | Growth, Dividend |
| Entry Load | Not Applicable |
| Exit Load | 1% if redeemed within a year; otherwise Nil |
| Investment Manager | DSP Investment Managers Pvt. Ltd. (Formerly Known as DSPBlackRock Investment Managers Pvt LTD.) |
| Fund Manager | Mr. Ravi Gehani |
DSP Gold ETF NFO – Scheme Objective
The scheme seeks to generate returns that are in line with the performance of physical gold in domestic prices, subject to tracking error.
DSP Gold 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 gold with the hope of earning returns roughly in line with gold’s performance (within the margin of tracking error).
- A good option for investors with a high-risk tolerance who are looking to make a long-term (5+ years) gold investment.
How Will the Scheme Allocate Its Asset
- 95-100% in Gold and Gold Related Instruments where the risk is moderate to high
- 0-5% in Cash and Cash Equivalents where the risk is low to moderate
Where Will the Scheme Invest?
As per the information provided in the scheme information document, the corpus of this scheme
can be invested in any of the following securities:-
- In Gold and Gold-related instrument(s) as notified by SEBI from time to time.
- Exchange Traded Commodity Derivatives (ETCDs) with gold as underlying
- Cash and cash equivalents.
- The scheme may invest the funds of the scheme in short term deposits of scheduled commercial banks as permitted under extant regulations.
DSP Gold 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.
