Greeting To All Our Readers! 

NFO Alert- 

“DSP Mutual Fund launches DSP Nifty Midcap 150 Quality 50 ETF NFO. The fund is open for subscription between December 6, 2021, and December 17, 2021”

Read below for more details about the NFO!

Basic Details About The NFO… 

• Fund Name- DSP Nifty Midcap 150 Quality 50 ETF
• Type- An open-ended scheme replicating/ tracking Nifty Midcap 150 Quality 50 Index
• Subscription open date- 6^th December 2021
• Subscription close date- 17^th December 2021
• Benchmark- Nifty Midcap 150 Quality 50 TRI
• Minimum Amount for Application during NFO- Rs 5000 and in multiples of Rs 1 after that.
• Plans- Both Direct and Regular Plans are available
• Options Available- Both Growth and Income Distribution Cum Capital Withdrawal Option (ICDW)

Investment Objective…….

The NFO launched is an open-ended scheme replicating/ tracking Nifty Midcap 150 Quality 50 Index.

The scheme seeks to provide returns that, before expenses, closely correspond to the total return of the underlying index (Nifty Midcap 150 Quality 50 Index), subject to tracking errors. There is no assurance that the investment objective of the scheme will be realized.

Exit Load Trends In The NFO……

The fund has no entry load or exit load applicable to your investment in DSP Nifty Midcap 150 Quality 50 ETF NFO.

Fund Managers Of The NFO…….

The fund manager appointed to manage the asset allocation is Mr. Anil Ghelani and Mr. Dipesh Shah.  Prior to joining DSP Mutual Fund, Mr. Ghelani has worked with IL&FS, S. R. Batliboi, V. C. Shah & Co. 

Mr. Shah is a B Com, ACA, Candidate of the CFA Program, CFA Institute USA, Level I Cleared. Prior to joining DSP Mutual Fund, he has worked with JM Financial, Centrum Broking, IDFC Securities, ICICI Securities and IIFL Capital Pte Ltd Singapore.

Who Should Invest In This NFO? 

This product is suitable for investors who are seeking-

• Long-term Capital Growth. 
• Invest in equity and equity-related securities covered by Nifty Midcap 150 Quality 50 Index, subject to tracking error. 

Note: Investors should consult their financial advisers if in doubt about whether the product is suitable for them or you can also get in touch with our executives for more suggestions. 

Keep reading our article and stay updated with the latest news about Mutual Funds!

For any kind of query, you can contact us at Shri Ashutosh Securities Pvt Ltd., we are here to help you in any way possible.

Happy Investing!

(Mutual Fund investments are subject to market risk Illustrations are for example only, there is no guarantee of returns. Past performance is not an indicator/guarantee to future returns).