DSP NIFTY IT ETF NFO

DSP Mutual Fund is launching a new exchange-traded fund, DSP NIFTY IT ETF, that seeks to track the Nifty IT Index closely and aims to achieve returns of the index, subject to tracking errors. 

The New Fund Offer (NFO) period for the DSP NIFTY IT ETF is from 21st June 2023 to 3rd July 2023. The scheme re-opens for continuous repurchase and sale within 5 business days.

Investment Objective: The Scheme seeks to provide returns that, before expenses, correspond to the total return of the underlying index (Nifty IT TRI), subject to tracking errors. There is no assurance or guarantee that the investment objective of the scheme would be achieved.

DSP NIFTY IT ETF

Fund Name	DSP NIFTY IT ETF
NFO Opening Date	21st June 2023
NFO Closing Date	3rd July 2023
Re-open Date	Within 5 business days
Type of Fund	Exchange Traded Fund
Fund Manager	Mr Anil Ghelani Mr Diipesh Shah
Minimum Investment Amount	INR 5,000
Minimum Additional Purchase Amount	NA
Exit Load	0
Suitability	Very High Risk
Benchmark	Nifty IT TRI
Plans and Options	Currently, there are no plan / options available under the Scheme

NOTE:

• All additional investment amounts should be multiple of INR 1/-

Who Can Invest in DSP NIFTY IT ETF NFO?

DSP NIFTY IT ETF is a theme-based exchange-traded fund that invests in the companies that form part of the Nifty IT index. The Nifty IT index captures the performance of the IT sector. Nifty IT index consists of the top 10 IT companies. The NIFTY IT index is computed using free float market capitalisation method. The IT sector’s share of India’s GDP has almost doubled in the last decade from 2.2% to 4.8%, indicating significant growth.

Investors seeking exposure to the IT sector and having very high-risk tolerance levels can consider investing in the scheme. Also, since it is a thematic fund, investors must be aware of the industry-specific risks. This exchange-traded fund requires a minimum investment horizon of 5 years or more.

Fund Manager

Mr Anil Ghelani 

Mr Ghelani joined DSP Blackrock Mutual Fund in 2003 and is currently the Head of Passive Investments & Products Senior Vice President. He held multiple positions at DSP MF. Before joining DSP, he worked with IL&FS Asset Management Company, S.R. Batliboi. He is currently serving in a volunteer capacity as a Director and Vice-Chairman of the CFA Society India. Mr Ghelani is a CFA Charter Holder (USA), Chartered Accountant (ICAI, India), and a Commerce Degree graduate from the University of Mumbai.

Mr Diipesh Shah

Mr Shah joined DSP MF as the Vice President – ETF and Passive Investments teams. He is responsible for the day-to-day portfolio management of equity and fixed-income ETFs and Index funds. Additionally, he also handles the investment desk by assisting the Sales and Distribution team. He has more than 19 years of experience in Cash & Derivatives Sales Trading, Buy Side Trading, Equity Research, Fixed Income risk management. His previous associations were with JM Financial, Centrum Broking, IDFC Securities, ICICI Securities and IIFL Capital Pte Ltd Singapore. 

Popular Funds by DSP Mutual Fund

• DSP Tax Saver Fund
• DSP India T I G E R Fund
• DSP Nifty 50 Equal Weight Index Fund
• DSP Flexi Cap Fund
• DSP US Flexible Equity Fund

Asset Allocation

Types of Instruments	Minimum Allocation	Maximum Allocation	Risk Profile
Equity and Equity Related Securities of companies constituting the Nifty IT Index, the Underlying Index	95%	100%	Very High
Cash and Cash Equivalents	0%	5%	Low to Medium

Frequently Asked Questions

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