DSP Mutual Fund is launching a new fund with the name DSP Quant Fund during NFO (New Fund Offer). This is a thematic fund aims at investing in an active portfolio of stocks screened, selected, weighed and rebalanced on the basis of a predefined fundamental factor model. The NFO opens on 20th May 2019 and closes on 3rd June 2019. During the offer, the units of this mutual fund will be issued at a price of Rs 10 per unit.
DSP Mutual fund is sponsored by DSP ADIKO Holdings Pvt. Ltd and DSP HMK Holdings Pvt. Ltd. This fund is managed by DSP Investment Managers Pvt. Ltd. (formerly known as DSP BlackRock Investment Managers Pvt. Ltd. DSP Group is a 150 years old Indian financial firm. The family behind DSP Group also consisted of a founding member of the Bombay Stock Exchange. As on 31st March 2019, the company has Asset under Management (AUM) Rs 78,362.72 crores.
DSP Quant Fund – NFO Details
| 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 | Equity – Sectoral/Thematic |
| NFO Starts | 20th May 2019 |
| NFO Ends | 3rd June 2019 |
| NFO Unit Price | Rs 10 per unit |
| Minimum Investment | Rs 500/- |
| 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 DSP BlackRock Investment Managers Pvt LTD.) |
| Fund Manager | Mr Anil Ghelani |
DSP Quant Fund – Scheme Features
- It is an open-ended equity Scheme investing based on a quant model theme.
- The investment objective of the Scheme is to deliver superior returns as compared to the underlying benchmark over the medium to long term.
- In this fund, the portfolio of stocks will be selected, weighed and rebalanced using stock screeners, factor-based scoring and an optimization formula which aims to enhance portfolio
exposures to factors representing ‘good investing principles’ such as growth, value and quality within risk constraints. - As the benchmark, it will follow the S&P BSE 200 TRI Index.
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.
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Tags: #NFO #Mutual Fund #DSP NFO #New Fund Offer #DSP Mutual Fund #DSP Quant Fund
