Mr. K. Kirubakaran,
AMFI Registered Mutual Fund Distributor
Minimum Investment Rs. 5,000: DSP Nifty Healthcare ETF
DSP Asset Mutual Fund announced the launch of the DSP Nifty Healthcare ETF, an open-ended exchange-traded fund scheme replicating/ tracking the Nifty Healthcare index.
The scheme opened for public subscription will close on January 25, 2024. The scheme re-opens for continuous sale and repurchase within five business days from the date of allotment.
This is an open-ended exchange-traded fund scheme replicating/ tracking the Nifty Healthcare index.
This product is suitable for investors seeking
- Long-term capital growth
- Investment in equity and equity-related securities covered by the Nifty Healthcare index, subject to tracking error.
The main objective of investing
he scheme seeks to provide returns that, before expenses, correspond to the total return of the underlying index (Nifty Healthcare index), subject to tracking error. There is no assurance or guarantee that the investment objective of the scheme will be achieved.
Minimum investment Rs. 5,000
Investors can invest under the scheme with a minimum investment of Rs. 5,000 per plan/option and in multiples of Re 1. There is no upper limit for investment.
Under normal circumstances, the asset allocation of the scheme will be as follows:
| Instruments | Indicative allocations (% of total assets) | Risk Profile | |
| Minimum | Maximum | ||
| Equity and equity-related securities of companies constituting the Nifty Healthcare Index, the underlying index | 95% | 100% | Very High Risk |
| Cash and Cash Equivalents | 0% | 5% | Low to Medium Risk |
Scheme benchmark
The performance of the scheme will be benchmarked against Nifty Healthcare TRI. The corpus of DSP Nifty Healthcare ETF will be invested in all the stocks constituting Nifty Healthcare TRI, in the same weightage of the index. The Scheme would endeavour to attain returns comparable to Nifty Healthcare TRI, subject to the tracking error. The benchmark has been chosen based on the investment pattern/objective of the scheme and the composition of the index.
The Nifty Healthcare index is designed to reflect the performance of the healthcare companies. Nifty Healthcare index can be used for a variety of purposes such as benchmarking fund portfolios, and launching of index funds, ETFs, and structured products.
Anil Ghelani and Diipesh Shah are the designated fund managers of this scheme.
- Category: Equity - ETF/Index
- Fund Type: Open Ended
- Investment Option: Growth
- Open Date 11-Jan-2024
- Close Date 25-Jan-2024
- Allotment Date 25-Jan-2024
- Risk O Meter: Very High
- Investment Objective The Scheme seeks to provide returns that, before expenses, correspond to the total return of the underlying index (Nifty Healthcare TRI), subject to tracking errors.
Minimum Investment Rs. 5,000
For more details and Investing
Mr. K. Kirubakaran,
AMFI Registered Mutual Fund Distributor
Vadapalani, Chennai
Mob : 73050 68154
E - mail : moneykriya@gmail.com
Web Site: www.moneykriya.com
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