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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
You can invest in the DSP NIFTY IT ETF through any of the following methods:
Offline: By filling out the DSP NFO application and submitting it along with all documents and cheques to the nearest Investor Service Centre of CAMS or DSP mutual fund office.
Online:
DSP Mutual Fund Website
Online FinTech platforms and mutual fund platforms
Through Demat account
Through a mutual fund distributor or agent
Yes, it is a very high-risk investment based on the riskometer. DSP NIFTY IT ETF is a theme-based exchange-traded fund that closely tracks the Nifty IT Index. The IT index comprises the top 10 IT companies listed on the National Stock Exchange by market capitalisation.
No, the DSP NIFTY IT ETF has no lock-in period. The units of the fund trade on the stock exchange, and thus, investors can easily buy and sell them.
The DSP NIFTY IT ETF scheme re-opens for ongoing subscriptions, switches and redemptions within 5 business days.
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