DSP Nifty 50 Equal Weight ETF (G)

DSP Nifty 50 Equal Weight ETF (G) is an Exchange Traded Fund which is benchmarked to NIFTY 50 Equal Weight Index TR INR. DSP Nifty 50 Equal Weight ETF (G) is managed by the DSP Asset Managers Private Limited with the fund managers being Anil Ghelani, Diipesh Shah. The DSP Nifty 50 Equal Weight ETF (G) was launched on Nov 08, 2021 with no lock-in period. Since its inception, the fund has delivered 15.1% as a return on investment. The fund has delivered a 1-year return of 38.7%, a 3-year return of null%, and a 5-year return of null%.

As on 16 Apr, 2024 the NAV of the fund is Rs 285.29 and the AUM is Rs 174.18 crores. The fund charges an expense ratio of 0.3% on an annual basis. You can start a SIP with an investment of a minimum of Rs 100. You can make a lumpsum investment of minimum of Rs 5000.

Since the scheme is benchmarked to NIFTY 50 Equal Weight Index TR INR, the fund is subject to very high risk and it may witness volatility in the short term. Hence, an exchange-traded fund is more suitable for an investment horizon of more than 5 years. The DSP Nifty 50 Equal Weight ETF (G) has an asset allocation of 0% in equity and equity equivalents and 0% in debt securities.

Scripbox provides a unique feature through which you can compare the performance of DSP Nifty 50 Equal Weight ETF (G) with another fund in a similar category. This way you can make a well-informed investment decision.